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.
"The election of muslim brotherhood presidential candidate Mohammed Morsi is another step in the balance of power counter-revolutionary process that many wrongly characterized as a revolution eighteen months ago.
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News Corp. executives have confirmed they are considering dividing the company in two. One new company would hold all of News Corp.'s profitable entertainment and television outlets. The other would hold all of its newspaper and publishing outlets. The move is seen as a way for the Murdoch family to hang on to its less profitable and troubled newspapers while pleasing investors with a newly independent and far more profitable entertainment company.