NPR's business news starts with the Fed in the spotlight.
U.S. stocks rallied yesterday largely on a belief among investors that the Federal Reserve will take further action to stimulate the economy. The Fed concludes a two-day meeting around noon today. Afterwards, Chairman Ben Bernanke will hold a news conference to explain the Fed's strategy.
As NPR's John Ydstie reports, there are several things the Fed could do to try to boost growth, but whether they'd be effective is debatable.
Now, to policy making with some fizz. The mayor of Cambridge, Massachusetts, has proposed limiting the size of sodas and sweetened drinks that can be sold in the city.
Henrietta Davis said she was inspired by the mayor of New York. Michael Bloomberg has proposed a ban on sales of oversized sugary drinks in his city's restaurants. Mayor Davis says soda is a factor behind increasing obesity and heart disease among young people.
The State Department on Tuesday cited abuses in Thailand's huge fishing industry as part of an annual worldwide report on Trafficking in Persons. The report noted that men from Cambodia and Myanmar, also known as Burma, are trafficked aboard Thai ships and forced to work against their will. They include men like Vannak Prum, a Cambodian who spent three years on such a boat. Prum was among those honored at the State Department on Tuesday.
There hasn't been a school strike in Chicago for 25 years. But the current contract between Chicago teachers and the Chicago Public Schools expires at the end of next week, and tensions between the teachers union, the school district and Mayor Rahm Emanuel are ratcheting higher.
Chicago Teachers Union members outmaneuvered the mayor, school officials and anti-union education groups by overwhelmingly approving a measure that allows teachers to strike if contract negotiations fall flat.
Among the dozens of athletes hoping to leap, throw or run their way to London as part of the U.S. track and field team is 24-year-old runner Shannon Leinert.
Leinert, who will compete in the 800-meter dash, has dreamed of the Olympics since she was 10 and winning races in St. Louis, her hometown. If that weren't enough, she's also working on a doctoral degree in special education.
Saturday is the 40th anniversary of Title IX, which, although almost nobody anticipated it then, resulted in women's gaining the right to participate in sports commensurate with their numbers attending college.
Title IX not only had a huge effect on women's participation in sports, but also, culturally, it influenced the way both men and women view the idea of women and athletics. It's mattered greatly in our American society.
At the zoo in North Carolina C'sar the elephant seemed sad. He was lethargic and losing weight. Vets thought it was his poor eyesight. Cataract surgery helped but now he's far sighted. So his caretakers ordered contact lenses — they'll be a bit smaller than tennis balls.
In southern Texas and in Arizona, people are paying a lot of attention to the presidential election - Mexico's presidential election. From member station KJZZ, Peter O'Dowd explains why millions of Americans are awaiting July 1st, Mexico's election day.
Later this week in Egypt, the official results of the presidential election will be announced. Steve Inskeep talks to Egyptian journalist and commentator Issandr El Amrani about why there haven't been mass protests over the military council's power grab during the election.
It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer.
A federal jury has acquitted baseball pitching ace Roger Clemens on all charges. The jury found Clemens not guilty of lying to Congress and of obstructing a congressional investigation into performance-enhancing drugs in baseball. NPR legal affairs correspondent Nina Totenberg was in the courtroom. She has this report.
The Federal Reserve starts its latest two-day meeting Tuesday, and analysts around the globe are wondering whether the central bank will end ease monetary policy. The meeting follows some tough U.S. labor data and the recent Greek elections.
Now in Hollywood last night, Microsoft unveiled its newest product: a tablet computer to compete with the iPad. Putting out a computer is an unusual move for Microsoft, which is mostly known for software.
NPR's Mandalit del Barco was at the announcement.
MANDALIT DEL BARCO, BYLINE: At Milk Studios in Hollywood, a photo studio for the stars, Microsoft engineers revealed their snazzy new tablet, which they call Surface.
And today's last word business is about a bank takeover that was more of a fake over. Businessman Li Chunping made headlines in China earlier this year. He spoke in the Chinese media of how he took over an American bank - the Atlantic Bank of Delaware, which he said went bankrupt in 2008.
LINDA WERTHEIMER, HOST:
The story got him plenty of public praise. The communist party touted him as a model citizen, rising from poverty to be a successful businessman in the rice trade. He even got a position as a government adviser.
Atlanta rapper Michael Santiago Render, known professionally as Killer Mike, released his sixth album this month. It's called R.A.P. Music. The album's title isn't about hip-hop, per se, but refers to an acronym tweeted by another Georgian, a critic named Maurice Garland, two years ago. "He just put it up randomly: 'Rap music is supposed to be Rebellious African People,' " Killer Mike told Morning Edition. "I said, 'Yo, i'm naming my next album that.' "
You can hear a portion of the show's interview with Killer Mike at the audio link, but keep reading for more.
Diplomats and activists from around the world are meeting in Rio de Janeiro this week to talk about how the planet's growing population can live better lives without damaging the environment. The Rio+20 meeting marks the 20th anniversary of the United Nations Earth Summit in Rio, a watershed meeting to address topics as diverse as climate change and biodiversity.
At this follow-up meeting, delegates hope to highlight an issue that was almost absent from the Earth Summit: making energy available to everyone in the world.
NPR Morning Edition host Steve Inskeep is nearing the end of his Revolutionary Road Trip, a journey across North Africa to see how the countries that staged revolutions last year are remaking themselves. Steve and his team began in Tunisia's ancient city of Carthage, drove across the deserts of Libya, and filed this report from the third and final country, Egypt.
European leaders and global markets expressed relief after Greek conservatives' narrow parliamentary election victory over leftists who had vowed to ditch the tough austerity terms of an international bailout.
But the next government will have to deal with a polarized society and with widespread anger at wage and job cutbacks that have targeted the middle class and spared an entrenched political and business elite.
The main opposition group in Syria is making a renewed push to unify various strands of the anti-regime movement. The new head of the Syrian National Council wants to broaden the group's appeal, and combat fears that it is dominated by the Muslim Brotherhood.
An Elvis impersonator may be a cliche, but Zac Hutchenson and Chastity Floyd found something original to do. They reenacted the wedding of Elvis Presley's parents over the weekend in Verona, Miss. Back in 1933, Vernon Presley was too young to marry without his parents' permission. So at age 17, he lied about his age, borrowed the cash for a license and wed Gladys Smith.
Friday's announcement by the Obama administration that the U.S. plans to stop deporting some illegal immigrants received mixed reviews in Alabama. That state has one of the most aggressive anti-immigration laws in the country.
The small Alaska town of Bethel has a population of 6,000, and the area can only be reached by boat or plane. Fliers posted throughout the town last week promised a Taco Bell. Sadly, it was what the Anchorage Daily News called "an evil hoax."
President Obama and other world leaders are gathering in Los Cabos, Mexico, on Monday for the G-20 summit. They're hoping to get some assurances that European governments are getting control of their financial problems before they become a further drag on the global economy.
NPR Morning Edition host Steve Inskeep is wrapping up his Revolutionary Road Trip, a journey of more than 2,700 miles across North Africa to see how the countries that staged revolutions last year are remaking themselves. Steve and his team have traveled from Tunisia's ancient city of Carthage, across the deserts of Libya, and filed this report from the third and final country, Egypt.
As Italy tries to fight its way out of a full-blown recession, the state and local governments are coming up with creative — and some say questionable — sources of revenue.
The latest example comes from Venice, where Benetton, the trendy Italian clothing-maker, is poised to put the city's first shopping mall right on the Grand Canal. Residents are up in arms, but officials say deals like these keep the lagoon city afloat.
The Obama administration is announcing a major change in immigration policy this morning. It affects people who are brought to the U.S. as children illegally. Beginning immediately, these young people can avoid deportation and will be allowed to work in this country. The move could affect as many as 800,000 undocumented residents 30 years old or younger.
Joining us now to talk about the move is NPR's Scott Horsley. He's at the White House. And Scott, who exactly is affected?
After a week of escalating violence in Syria, the chief U.N. official there in the country said today that efforts to resolve the conflict have had little effect. It was a bleak assessment from the man leading the United Nations observer mission for the past six months. NPR's Deborah Amos joins us from Damascus, where she has been out with observers assessing the situation.
And Deb, what was the message today from Major General Robert Mood?
Good morning. I'm Renee Montagne. Summer dust storms in Arizona have a funny name - haboobs - but they can be deadly. This summer, Arizona transportation officials turned to poetry in their safety campaign, encouraging Twitter users to tweet haikus, like this one from Mindy Lee: Haboobs blow through town. In one instant it is dark. Pull over and wait. And here's Will Watson's: You're not a Jedi. This is not Tatooine, Luke. Pull over, man. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.