Many of us were introduced to the term LIBOR for the first time this week, when it was revealed that some banks might have been manipulating the dull but vital interest rates to gain an edge in the market.
"I will be outspent." This simple phrase headed an email President Obama recently sent to supporters.
"We can be outspent and still win," the message read. "But we can't be outspent 10 to 1 and still win." Obama asked for donations of as little as $3 to compete against the deep pockets of Republican challenger Mitt Romney and the super political action committees that back him.
The city of Scranton, Pa., sent out paychecks to its employees Friday, like it does every two weeks. But this time the checks were much smaller than usual. Mayor Chris Doherty has reduced everyone's pay — including his own — to the state's minimum wage: $7.25 an hour.
Doherty says his city has run out of money.
Scranton has had financial troubles for a couple of decades — the town has been losing population since the end of World War II. But the budget problems became more serious in recent months as the mayor and the city council fought over how to balance the budget.
SIMON: Last Saturday, NPR's Jennifer Ludden introduced us to 30-year-old Michelle Holshue, as part of NPR's "American Dream" series. Ms. Holshue graduated with $140,000 in student loan debt just as the recession hit. She worries she'll never be able to own a home, or raise a family.
If the blobfish rarely moves, who does it encounter to spell its loneliness in the briny deep? The National Oceanographic and Atmospheric Agency would urge the blobfish not to hold out for the chance to meet the mermaid of its dreams. NOAA issued a statement this week after receiving several queries following the broadcast of an Animal Planet program called "Mermaids: The Body Found."
You may have heard of 3-D printers. These are computer controlled machines that create three-dimensional objects from a variety of materials. They've been kind of a novelty for a while but now they are being discovered by everyday consumers. Jon Kalish reports.
JON KALISH, BYLINE: Sean Hurley works for a software company called Autodesk. Not long ago the door on his clothes dryer at home developed a problem. It wouldn't stay shut, which made it impossible to use the dryer.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. Eight-point-two percent, that's the number economists and politicians are looking at closely. It is the unemployment rate for the month of June. The U.S. Labor Department reported that the economy added only 80,000 jobs last month. As the economy continues its very slow recovery, it's worth asking, is the jobs report always the best indicator? NPR's Sonari Glinton has more.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. Time for sports.
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SIMON: And it's a huge weekend on tennis' hallowed ground. Serena Williams has won her fifth Wimbledon title. She defeated Agnieszka Radwanska of Poland, 6-1, 5-7 and 6-2 in the final. And on the men's side, Andy Murray is the great Scot hope, as he tries to win his first Wimbledon title. We spoke with Howard Bryant of ESPN.com and ESPN the magazine from Wimbledon shortly after Serena Williams won.
So, another month passes with U.S. stuck in a jobless recovery. Yet many major businesses are reportedly doing well. Their stock price is up. They have cash on hand. So why aren't more companies hiring?
I'm joined now by two chief executive officers. Christopher Gorman is the president of Key Corporate Bank and the CEO of KeyBank in Cleveland. He joins us from his office there. Mr. Gorman, thanks for being with us.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. And today, less than a year after the death of Colonel Moammar Gadhafi, Libyans are electing a new parliament. But in the months since the dictator was killed by a mob in his stronghold of Sirte, life in Libya has been troubled. This election's being seen as a test for an uncertain peace.
Over a half million foreign workers fled the violence in Libya last spring during the fall of Tripoli. Most migrants were from Egypt, Tunisia or sub-Saharan Africa. Thousands came from a single town in the West African nation of Ghana. That town is called Nkoranza and it's nearly 3,000 miles away from Libya's capital of Tripoli.
But reporter Marine Olivesi says that despite the risks and uncertainty they face in post liberation Libya, many Ghanaians are once again taking the road north.
Abraham Lincoln is not just America's greatest president. To many, his very face is an emblem of America: honest, homespun, strong and sad, haunted, brooding and humorous.
So where does some famous Yale Law School professor get off writing a novel in which President Lincoln is accused of subverting the Constitution?
In Stephen Carter's new novel, The Impeachment of Abraham Lincoln, the man we know as the Great Emancipator imprisons critics, invokes martial law, suspends the writ of habeus corpus, and throttles the press — all to win the Civil War.
As hundreds of thousands swelter without power a week after a violent storm pummeled the Midwest and Mid-Atlantic, energy experts say the future will look even worse if the nation's aging, congested electrical grid isn't upgraded.
In Texas, there is still the drought against which all other droughts are measured: the seven-year dry spell in the 1950s. It was so devastating that agriculture losses exceeded those of the Dust Bowl years, and so momentous that it kicked off the modern era of water planning in Texas.
From 1950 to 1957, the sky dried up and the rain refused to fall. Every day, Texans scanned the pale-blue heavens for rainclouds, but year after year they never came.
Secretary of State Hillary Clinton made an unannounced visit to Afghanistan this morning, and she brought along some news. The country has officially been designated a "major non-NATO ally" of the U.S., which will facilitate defense and security cooperation between the countries even after the U.S. withdraws combat troops in 2014.
In an emailed press release, the State Department says the status "qualifies a country for certain privileges supporting defense and security cooperation but does not entail any security commitment to that country."
Fresh Air Weekend highlights some of the best interviews and reviews from past weeks, and new program elements specially paced for weekends. Our weekend show emphasizes interviews with writers, filmmakers, actors, and musicians, and often includes excerpts from live in-studio concerts. This week:
Summer Cooking Tips From 'America's Test Kitchen': Jack Bishop and Bridget Lancaster highlight some of their favorite grilling techniques and summer recipes — everything from meats to vegetables to, yes, even desserts.
Supporters call it "conversion therapy." Critics call it "praying away the gay." Whatever name you use, it's creating a ruckus in Christian circles about whether a person can change his or her sexual orientation. And now the largest "ex-gay ministry" is rejecting the approach.
As a judge in Argentina read out the 50-year prison term handed down to former dictator Jorge Rafael Videla, a courtroom packed with the families of the victims celebrated, feeling that justice had at last been delivered.
And no one watching Thursday's historic sentencing in Buenos Aires had worked so hard for justice as the tenacious members of one of the world's most renowned human rights groups, the Grandmothers of the Plaza de Mayo.
Sarah Polley started acting when she was 4, in her native Canada. She earned critical acclaim for her performance as a teenage girl injured in a school bus crash in Atom Egoyan's film The Sweet Hereafter.
Polley made her debut as a director with the subtle and devastating filmAway from Her — a portrait of a marriage later in life, as the wife (Julie Christie) is pulled away by Alzheimer's disease.
It has been about a week since a gigantic wind storm tore through the Mid-Atlantic, leaving millions without electricity in its tattered wake. By now much of the debris has been cleared, but Reuters reports that 500,000 Americans are still without power, which of course is keeping many people out of their kitchens.