The biggest scandal in the world right now has nothing to do with sex or celebrities. It's about an interest rate called LIBOR, or the London Interbank Offered Rate.
Most Americans probably never heard of LIBOR. When I first moved to New York, I hadn't. Back then, I could barely afford my apartment and got an adjustable rate mortgage. And so I wondered: When my rate adjusts, how will I know how much I'll be paying?
I searched through all the documents and it was right there — LIBOR. I would be paying a few percentage points above whatever LIBOR was.
If the Supreme Court says President Obama's Affordable Care Act includes a tax, then why is his rival Mitt Romney paying a political price? And who would have guessed in the aftermath of the ruling the right would attack Chief Justice John Roberts. Plus: It's getting nerve-wracking for Charlie Rangel.
NPR's Ron Elving and Ken Rudin have the latest political news in this week's roundup.
Presumed GOP nominee Mitt Romney calls the June employment report that showed 80,000 jobs created "another kick in the gut to middle class families." Host Michel Martin speaks with two of Tell Me More's regular politicos, Democrat Corey Ealons and Republican Ron Christie, about how these figures could affect the race for the White House.
Corrales officials say a fire that burned more than 350 acres of the wooded area along the Rio Grande last month was most likely sparked by an electronic cigarette.
Village Administrator John Avila says an employee apparently dropped the device while patrolling on June 20. The employee realized the device was gone after ducking under a tree limb. The fire started soon after.
Losing your job is rarely good. Not being able to find one for months can be disastrous for individuals, and bad for society as well. Yet during the recent recession and the current anemic recovery, more people in the U.S. have been unemployed for longer than at any time since 1948.
Of all Americans who were unemployed in June, almost half had been without a job for 27 weeks or longer. In other words, 5.4 million people have been jobless for more than half a year.
Fri. 7/06 10a: This special half-hour edition of Performance New Mexico looks at the 40th anniversary season of the Santa Fe Chamber Music Festival. Host Spencer Beckwith is joined by Artistic Director Marc Neikrug, for a look at the musical elements of the Festival, and by Dr. Cheryl Willman, head of UNM’s Cancer Center, for a description of the Festival’s scientific symposium, “Music, the Brain, Medicine and Wellness.”
Nearly four decades later, there's some solace for the families of young women in Argentina who were killed after giving birth under orders from the country's then-dictators. The women's babies — Argentina's "stolen children" — were then handed over to loyal members of the military.
It is definitely wrong to hit and run, but it's a little impressive that a high school student was hit and kept running. Anaheim, California police say a high school cross country team was running when a turning car whacked one of the runners. The young woman was apparently determined, because she got backed up and ran away. The driver called after her to stop, stayed where he was and called police. The runner was eventually treated and suffered only minor injuries.