NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.
We're counting down to the London Olympics. And this morning, we're going to meet two rowing competitors. American women have been dominant in the eights in international competition; that's boats with eight rowers and a coxswain. They've won the last six world and Olympic championships. In fact, the American team is so strong and so deep that many talented athletes are forced to look for spots in other rowing events.
Qualifying for women's pairs was recently held in Princeton, New Jersey. NPR's Mike Pesca was there.
Two dozen people on four continents have been charged with trafficking in stolen credit cards and bank account numbers. Eleven of the defendants were arrested in the U.S. They were caught after allegedly using a website set up by the FBI as part of a sting operation.
NPR's Jim Zarroli reports.
JIM ZARROLI, BYLINE: FBI officials said the arrests yesterday amounted to the largest coordinated international law enforcement action in history. It involved 13 countries in North America, Asia, Europe and Australia.
It's MORNING EDITION, from NPR News. I'm Linda Wertheimer, in for Steve Inskeep.
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And I'm Renee Montagne.
In Egypt, a small victory for civil rights: A court there suspended a decree that allowed the military to arrest civilians. Other moves to amass power by the ruling military council, including dissolving Egypt's elected parliament, are still in effect.
As Allison Aubrey and Dan Charles reported today on Morning Edition, meat has more of an impact on the environment than any other food we eat. That's because livestock require so much more food, water, land, and energy than plants to raise and transport. (Listen to the audio above for their conversation with Morning Edition's Linda Wertheimer.)
Take a look here at what goes into just one quarter-pound of hamburger meat.
Created by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state.
Credit Chris Arnold / NPR
While Fannie Mae's public image has been tarnished since the housing collapse, executive Kimberly Johnson says she actually likes "being at the center of the storm."
The collapse of the housing market has led to plenty of finger-pointing in Washington. Two easy targets are Fannie Mae and Freddie Mac.
These government-backed mortgage giants had to be rescued by taxpayers and now owe the government $188 billion. Still, Fannie and Freddie, which currently make the vast majority of home loans possible, are crucial to supporting the housing market right now.
Framed in my library is a sketch that LeRoy Neiman dashed off of me on the back of a menu, when he was watching me speak several years ago. LeRoy, who died the other day, was somewhat better known for another sketch, the "nymphette" that has appeared in Playboy since 1955 — but, of course, he's ever famous for simply being our most celebrated sports artist.