Business
5:38 pm
Fri July 13, 2012

Credit Card Companies Settle Swipe Fee Suit For $6B

Originally published on Fri July 13, 2012 8:24 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

Visa, MasterCard and some of the biggest banks in the U.S. have agreed to a historic settlement of more than $6 billion in a class action lawsuit brought on behalf of more than 7 million merchants. NPR's Steve Henn has been reviewing this settlement agreement. He joins me now. And, Steve, what's this case about?

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Presidential Race
5:38 pm
Fri July 13, 2012

Romney Makes Media Rounds Defending Bain Record

Originally published on Fri July 13, 2012 8:24 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED, from NPR News. I'm Melissa Block. Republican Mitt Romney gave a rare round of interviews today to reporters from five TV networks, in which he stood by his assertions that he had no active role in running Bain Capital after 1999. And he called on President Obama to apologize for comments from his campaign.

MITT ROMNEY: It's disgusting. It's demeaning. It's something which I think the president should take responsibility for, and stop.

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The Two-Way
5:23 pm
Fri July 13, 2012

Ralph Lauren: Next Time, Olympic Uniforms Will Be 'Made In USA'

This product image released by Ralph Lauren shows U.S. Olympic athletes, from left, swimmer Ryan Lochte, decathlete Bryan Clay, rower Giuseppe Lanzone and soccer player Heather Mitts modeling the the official Team USA Opening Ceremony Parade Uniform.
AP

It was one of the few issues, both Republicans and Democrats in Congress agreed on: They were outraged that the uniforms to be worn by U.S. Olympic athletes at the London Summer Games were made in China.

As we told you, Senate Majority Leader Harry Reid went so far as to say that the Olympic committee should "put [the uniforms] in a big pile and burn them."

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It's All Politics
5:15 pm
Fri July 13, 2012

Romney Defends Timing Of Bain Tenure; Time Will Tell If It Matters

Once upon a time — just a few weeks ago, in fact — the story of Bain Capital was a useful and easy one for Mitt Romney. His years running the private equity firm had taught him how jobs are created, a skill he would bring with him to the White House.

And what of the negative consequences from Bain's involvement in various companies? The layoffs? The plant closings? The outsourcing of jobs to China?

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Politics
5:01 pm
Fri July 13, 2012

Immigration Spurs A Rare Split Among Ariz. Mormons

Paul Morgan met his wife, Evelyn Oyuki Morgan, during his two-year Mormon mission to Mexico. Today, they belong to a Spanish-speaking Mormon congregation and speak Spanish at home with their two daughters, Isabella and Amaya.
Andrea Hsu NPR

Originally published on Fri July 13, 2012 8:34 pm

Mitt Romney is the most famous Mormon running for office this fall. But he's far from the only one.

In Arizona, two other members of the Church of Jesus Christ of Latter-day Saints — Rep. Jeff Flake and businessman Wil Cardon — are vying for the Republican nomination for the U.S. Senate.

All three candidates have said they'll be tough on immigration. And while Mormons in Arizona have been closely identified with conservative politics, the immigration debate has exposed a rare divide on the issue.

Shared Faith, Different Political Views

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London 2012: The Summer Olympics
4:32 pm
Fri July 13, 2012

Thousands Of British Troops On Olympic Guard Duty

A British military missile battery, part of the Olympic security plan, is seen from an aircraft in south London. Organizers have been criticized for relying on a military presence for the 2012 Games.
Alastair Grant AP

When a private firm failed to meet its promise of providing enough guards for the Olympics, the British military was called in to "mind the gap" in security.

But even though the government is bringing in those troops — as well as RAF Typhoon combat jets, surface-to-air missiles on rooftops, and an aircraft carrier on the River Thames — organizers say it will still look like the Summer Games, and not war games.

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The Two-Way
4:30 pm
Fri July 13, 2012

Romney: 'No Role Whatsoever In Management Of Bain' After '99

Originally published on Sun July 15, 2012 11:14 pm

Mitt Romney stuck to his guns in interviews with the major news networks, this afternoon.

"I had no role whatsoever in the management of Bain Capital after February of 1999," Romney told CNN.

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Local News
4:26 pm
Fri July 13, 2012

Partners plan for Jemez forest restoration

In 2011, the Las Conchas fire burned 156,000 acres in the Jemez Mountains.
US Forest Service

About an hour north of Albuquerque, the Jemez  Mountains are popular with hikers, fly fishermen, and pretty much anyone else looking for a mountain escape. The mountains have also been grazed, logged, and recently, hit hard by wildfire—Cerro Grande in 2000 and Las Conchas in 2011.

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All Tech Considered
4:26 pm
Fri July 13, 2012

Apple's Change Of Heart On Green Certification

Attendees of Apple's 2012 World Wide Developers Conference look at the new MacBook Pro with Retina display.
Justin Sullivan Getty Images

Originally published on Fri July 13, 2012 8:24 pm

It's not often that one of the world's biggest companies says, "We goofed."

But in a surprising turn of events Friday, Apple admitted it made a mistake in pulling out of an environmental rating system for computers and other electronics. The company said it would rejoin the so-called EPEAT certification system, placing all 39 of its originally certified products back on the list. The company is also requesting certification for more products, including its new MacBook Pro model.

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Business
3:52 pm
Fri July 13, 2012

Documents Lift Veil On Bank-Rate-Rigging Scandal

Police wait for protesters to appear at a branch of Barclays Bank in London on July 4.
Olivia Harris Reuters/Landov

Originally published on Fri July 13, 2012 8:24 pm

As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.

Documents the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR — or the London Interbank Offered Rate — late in 2007.

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