It was four years ago this week that the big Wall Street investment bank Lehman Brothers declared bankruptcy. Its collapse sent shockwaves around the world and brought on the worst of the financial crisis. But the story didn't end there. Lehman Brothers is still in business - sort of.
Planet Money's Adam Davidson went to its offices in New York, and is here to tell us about it.
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Here's some troubling news. Ice covering the Arctic Ocean has melted more dramatically this year than ever before. This year's loss of ice has exceeded the previous record by an area the size of Texas. NPR's Richard Harris reports.
It's MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.
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Mitt Romney used the 9/11 anniversary to praise servicemembers and talk about his own views of national security. Democrats have been attacking the Republican nominee for president on foreign policy issues, so Romney went to the National Guard convention in Reno, Nevada, to defend himself. He flew all the way across the country and back in one day to deliver this speech. And NPR's Ari Shapiro listened in.
After a scandal, somebody finally gets rich for doing the right thing. It's NPR's business news.
A former banker, Bradley Birkenfeld, has just been awarded $104 million by the IRS. That is believed to be the largest amount ever paid to an individual whistle-blower. Birkenfeld told the IRS how a Swiss bank was helping thousands of Americans evade taxes, and was then thrown in jail.
Credit Bernard Gotfryd / Courtesy of PublicAffairs Book
Five years after suing Newsweek, Lynn Povich became the magazine's first female senior editor. Povich writes that her then-colleague Oz Elliott (right) was one of the first to say, "God, weren't we awful?"
Tina Brown, editor of The Daily Beast and Newsweek, tells us what she's been reading in a feature that Morning Edition likes to call "Word of Mouth."
This month, Brown shares reading recommendations related to the changing role of women, including a book about when the women of Newsweek sued their bosses, an article about a wife becoming the primary breadwinner and another about how a woman's Facebook photo reflects her sense of identity.
Military commanders, government officials and members of Congress have long wrangled over which weapon systems are needed. Now, there's an argument over what computer software should be provided to soldiers in Afghanistan. It's a defense dispute for the digital age.
In recent years, the ability to analyze data has become almost as important to U.S. war-fighters as the guns they use.
The United States' southern border bristles with technology and manpower designed to catch illegal immigrants and drug smugglers. Since 1986, the government has spent hundreds of billions of dollars on fences, aircraft, detention centers and agents.
But even as federal budgets shrink and illegal immigration ebbs, experts say that there's no end in sight for the growth of the border-industrial complex.
Quarterback Matt Stafford and the Detroit Lions will travel to San Francisco to play the 49ers Sunday night. Because their body clocks are set to the Eastern time zone, the Lions could be at a disadvantage.
Hi! Are you a gambler? Do you like to bet football? Then this is your lucky day, for if you'll just stay tuned, I'm gonna offer you a free money-back guarantee: how you, too, can pick an NFL winner. Just don't turn that dial, and listen to this important message.
Those are the sounds of Ground Zero in New York where a memorial service is underway this morning, marking the anniversary - the 11th anniversary - of the 9/11 terrorist attacks. Moments of silence and commemorations have been held in New York, at the Pentagon and at a field near Shanksville, Pennsylvania to honor the nearly 3,000 victims of the attack.
The economy added only about 100,000 private sector jobs last month - far fewer than had been expected.
And as NPR's Wendy Kaufman reports, a close reading of the numbers reveals that many of those jobs are low wage.
WENDY KAUFMAN, BYLINE: Some of the nation's job growth has been in places like this - a suburban mall near Seattle. While many shoppers aren't spending like they did before the economic crash, they are buying more than they did a couple of years ago.
Good morning. I'm Renee Montagne. When a runner, originally from Sudan, ran the Sioux Falls Marathon and shattered the world record by 25 minutes, he was as shocked as everyone else. Maybe I'm lost. I don't know, Olok Nykew told a reporter at the finish. Turns out, he was correct. According to the Sioux Falls Argus Leader, he had arrived late to the race. He ran the wrong route - the half marathon. I'm not cheating. I was just confused, he said. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Our last word in business today is: soda diplomacy. The long isolated Southeast Asian nation of Myanmar, also known as Burma, is now undergoing dramatic political reform and opening up to the outside world. The U.S. recently lifted sanctions and sent an ambassador there. And what comes next? Coca-Cola.
The presidential candidates are toning it down, we're told, on this 9/11. They'll stop their negative ads, they have said. But, of course, the campaigning will continue all fall. And Mitt Romney spent yesterday in Ohio. Over the weekend, Vice President Biden was there, as well. The Midwestern state is becoming like a second home to candidates in this presidential election season.
Republican presidential nominee Mitt Romney's proposal to overhaul the tax code continues to draw scrutiny.
Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.
When he was pressed by NBC's David Gregory this weekend to give an example of a loophole he would close, Romney didn't offer much detail.
The Atlanta Symphony Orchestra and its musicians are at an impasse. The players' contract expired at the end of last month. The symphony is facing a $20 million budget deficit, and it's seeking millions in concessions from the musicians. Both sides say they want to reach an agreement, but they've left the bargaining table, putting the orchestra's 68th season in jeopardy.
Public school teachers in Chicago, the nation's third largest school district, are on strike today. Contract talks went into late Sunday night but failed to reach an agreement, and this marks the end of 25 years of relative labor peace in Chicago, a city with strong unions. Becky Vevea of member station WBEZ reports.
Good morning. I'm Renee Montagne. Delmar is one of the most popular surfing spots here in southern California. And yesterday it went to the dogs with the Seventh Annual Dog Surfing competition. Hundreds of canines and their owners paddled out. And then the dogs rode the surfboards back to shore. The North County Times reports the event may have set a record with 14 dogs riding the same wave. And it may have, since there are no dog surfing records. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Now that the Democratic convention is over, polls show President Obama pulling ahead of Mitt Romney, not by so much, but the change did show up in several surveys. Let's talk about that and more with Cokie Roberts, who joins us most Mondays.
Cokie, good morning.
COKIE ROBERTS, BYLINE: Hi, Steve.
INSKEEP: Any surprise in the polls over the weekend?
Daytime TV kicks off a new season this week. In the lineup are some new talk shows featuring big names, including Katie Couric, Ricki Lake and comedian and radio host Steve Harvey. TV critic Eric Deggans says they are all chasing after the elusive holy grail of daytime television - the audience that Oprah Winfrey left behind.
ERIC DEGGANS: Remember when Katie Couric sat behind the anchor desk at the CBS Evening News?
(SOUNDBITE OF TV SHOW, "CBS EVENING NEWS")
KATIE COURIC: Recession fear caused the Dow to plunge...
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. The largest U.S. prison in Afghanistan - containing over 3,000 inmates - was handed over to Afghan control this morning. But the transfer was not without controversy. Several dozen prisoners, including some foreign terrorist suspects, were kept in American custody.
And today's last word in business is: Tender Shoots.
That's one of the hot colors for Spring 2013, according to a statement from Pantone, the New Jersey color company that works with designers to decide the dominant hues for the fashion industry each season. And since it's fashion week in New York, we're paying attention to this.
Tender Shoots tops a list for women. Pantone describes it as vibrant yellow-green - invigorating, active and cheerful.
On a Monday, it's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
Over the weekend, two very different approaches to campaigning by President Obama and Mitt Romney.
INSKEEP: The Republican challenger was mostly out of sight, preparing for next month's presidential debates. Romney did, however, appear on Sunday morning TV shows and we'll have more on that in a moment.
Princess Cruise Lines, which operates the mammoth cruise ship Star Princess (above), is being sued after allegedly ignoring a Panamanian fishing boat in distress. Two men died when the boat sank; one man survived.
The owners of the Star Princess cruise ship say that they have new video evidence that proves they are not responsible for ignoring a stranded fishing vessel 100 miles off the coast of South America in March.