The chairman of the big British bank Barclays stepped down this morning. This comes just days after the bank agreed to pay British and U.S. regulators a total of $450 million, a fine to settle charges that Barclays' traders and executives had manipulated a key interest rate for profit.
One of Colorado's recreational industries is experiencing an early season boon because of this year's low snowpack and ever-worsening drought. Fly fishing enthusiasts are loving the low stream levels, and fly shops are filled with customers. From Aspen Public Radio, Luke Runyon reports.
More than 70 years ago, Samsung started as a company which sold dried fish and fruit. Now Samsung sells everything from life insurance, to hotels and chemicals. It's one of South Korea's biggest companies. And, it's still run by the same family: the Lees.
It's MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.
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And I'm Linda Wertheimer.
Members of Congress have left town for the Fourth of July recess, but Washington is still reacting to the Supreme Court decision upholding President Obama's health care law. Each party is looking for ways to use the decision to its advantage in the fall campaign. Going into the weekend, a Gallup poll showed voters evenly split; 46 percent said they approved of the ruling, 46 percent disapprove.
It's a pretty bad first day at work when hundreds of thousands of people march through the streets calling for your resignation. That's what happened Sunday to Hong Kong's new leader, Leung Chun-ying, who was appointed by Beijing. The huge turnout presents new problems for China amid its own difficult power transition.
Before we get to the fireworks on the Fourth of July, we might see some pyrotechnics from a giant physics experiment near Geneva, Switzerland.
Scientists there are planning to gather that morning to hear the latest about the decades-long search for a subatomic particle that could help explain why objects in our universe actually weigh anything.
The buzz is that they're closing in on the elusive Higgs particle. That would be a major milestone in the quest to understand the most basic nature of the universe.
Philadelphia may be called the City of Brotherly Love, but author Solomon Jones sees the sadder, more complex side of the city.
Jones' books feature Philly police detective Mike Coletti. When we meet him in The Last Confession, he's on the verge of retirement, but before he can head off into the sunset, he's got to confront some demons from his past and catch a serial killer calling himself the Angel of Death.
Nearly a year and a half ago, Jeff Moyer donated a kidney. It's something he says changed his life forever. "Transplant surgery is a miracle," marvels Moyer. "I mean, to think that my kidney saved someone else's life — that's staggeringly wonderful."
If you listen to my story on Morning Edition, you'll understand the generational divide that has led to my fear of making a pie crust.
So when I decided to overcome my fear, I did it the right way. I hopped on a train to the Culinary Institute of America, the nation's premier cooking school, in Hyde Park, N.Y. There I learned the foolproof pie crust formula that chef George Higgins teaches his students. "It starts with 3, 2, 1," he explains.
Our last word in business today comes from a giant in the advertising industry. Her name is Shelly Lazarus. The Brooklyn native began working at the ad agency Ogilvy and Mather at a time when the industry looked much like the one portrayed in the TV show "Mad Men."
RENEE MONTAGNE, HOST:
An industry run mostly by men. It was 1971 when Shelly Lazarus arrived at the company, fresh from Columbia University, with an MBA - a time when few women were earning business degrees.
Good morning. I'm Linda Wertheimer. Much excitement about a big bid on a New Zealand public transit train offered on an online auction. The broken-down train has close to three million miles on it. It's over 60 years old. That's significantly older than the highest bidder, who is four years old. The tech-savvy toddler's $30,000 bid has been removed, and the posting now reads: Adults only. This is not a toy. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
To Florida now, where yesterday's Supreme Court decision came as a complete shock to some elected officials. Florida's Republican Governor Rick Scott and his administration have done as little as possible to comply with the law. But now that the Supreme Court has acted, NPR's Greg Allen reports from Miami that Florida officials have some tough decisions ahead.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer.
The Supreme Court surprised almost everyone yesterday when it upheld the heart of President Obama's health care law: a requirement that everyone either have insurance or pay a fine or tax. It's a big victory for president. It also gives his challenger, Mitt Romney, some important opportunities.
Here's NPR's national political correspondent, Mara Liasson.
Just last week, Republican leaders were warning their rank and file not to gloat if the health care law were overturned. Well, after the decision came yesterday, GOP leaders regrouped and vowed to keep fighting. NPR's Andrea Seabrook reports.
ANDREA SEABROOK, BYLINE: House Majority Leader Eric Cantor stepped up to the microphone.
REPRESENTATIVE ERIC CANTOR: If for nothing else, today's health care decision underscores the importance of this election.
The Supreme Court's decision on health care yesterday was just one of several handed down this week. The justices also struck down mandatory life sentences for juveniles, citing cruel and unusual punishment.
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There are more than 2,000 inmates serving mandatory life sentences for crimes they committed as minors. The high court said judges should be allowed to consider mitigating factors such as a young defendant's immaturity or the circumstances of his or her upbringing.
NPR's business news starts with a new owner for Modelo.
(SOUNDBITE OF MUSIC)
MONTAGNE: The world's biggest brewer, Anheuser-Busch InBev, announced today it's becoming bigger. The Belgian company says it's buying the rest of the Mexican brewer known for the beer, Corona. InBev had already owned a non-controlling stake and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets. Transcript provided by NPR, Copyright NPR.
Yesterday's ruling on health care took the financial markets by surprise. Stocks were mixed with some shares finishing the day sharply higher. By the end of the day, stock traders seemed to shrug off the ruling.
This is MORNING EDITION from NPR News. I'm Linda Wertheimer.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. The Supreme Court's decision to uphold President Obama's health care law defied many predictions: the outcome, the legal grounds, and the makeup of the court majority. For Chief Justice John Roberts, his definitive court opinion was either a triumph of judicial restraint, or a sellout, depending on who you talk to.
Bishop Ricardo Ramirez's grandmother lived a long and full life. But it was the way Francisca Espitia approached her final years that may have impressed her grandson the most.
Ramirez, 75, recently visited StoryCorps to remember his grandmother, whom he called Panchita, in a family story that begins in 1981. That's when he was elevated to bishop in the church. The occasion called for a reception — so Ramirez called his grandmother.
In the crowded heart of the Mexican capital, a fictional one-eyed private investigator shares a dingy flat with a flock of ducks and a rotating cast of lovers.
The central character in Paco Ignacio Taibo II's crime novels is Hector Belascoaran Shayne, a former engineer who got a "certificate in detection" through a correspondence course. Belascoaran is a cynical, bumbling private eye who marvels at the chaotic street life unfolding around him in Mexico City.
Depending on whom you ask, the Supreme Court's decision to uphold the federal health care law will either help businesses grow or it will make them more hesitant to hire.
Thursday's decision to uphold the law, including the provision requiring individuals to buy insurance, has some far-reaching implications in the business world.
Dan Danner, CEO of the National Federation of Independent Business, a business lobby that helped bankroll the suit seeking to strike down the law, said the 5-4 decision was unambiguously bad for business.
With just two days left before Mexicans elect a new president, polls show that the candidate of the former ruling party is poised to win the race by a wide margin. But there are those who don't want to see a return of the PRI, which ruled Mexico for more than 70 years until 2000 with a mix of corruption and cronyism. They say their best hope is leftist PRD party candidate Andres Manuel Lopez Obrador.
The Supreme Court's decision to uphold nearly all of the Affordable Care Act may move the debate to the presidential campaign trail. But it shifts much of the burden of implementing the law to the states.
States are actually responsible for the lion's share of getting people without insurance covered under the health law.
We have been devoting this hour of MORNING EDITION to the Supreme Court's decision upholding President Obama's signature health care law that came through less than two hours ago. Within minutes of the court's decision to uphold the Affordable Care Act, health care related stocks swung up and then down.