Planet Money
9:10 am
Fri July 6, 2012

Rigging LIBOR: Banking Scandal Hits Home (Literally)

Lefteris Pitarakis AP

Originally published on Mon July 30, 2012 6:20 pm

The biggest scandal in the world right now has nothing to do with sex or celebrities. It's about an interest rate called LIBOR, or the London Interbank Offered Rate.

Most Americans probably never heard of LIBOR. When I first moved to New York, I hadn't. Back then, I could barely afford my apartment and got an adjustable rate mortgage. And so I wondered: When my rate adjusts, how will I know how much I'll be paying?

I searched through all the documents and it was right there — LIBOR. I would be paying a few percentage points above whatever LIBOR was.

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State Capitol News
9:03 am
Fri July 6, 2012

Ballot Initiative Would Let AZ Voters Overrule Federal Laws

An initiative measure filed Thursday would give voters the right to overrule federal laws they believe are unconstitutional.

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Fronteras
9:01 am
Fri July 6, 2012

California Senate Passes TRUST Act

  

The California Senate approved a bill Wednesday that aims to clear local jails of non-criminal undocumented immigrants and restore immigrants’ trust in local law enforcement.

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'It's All Politics': NPR's Weekly News Roundup
8:52 am
Fri July 6, 2012

It's All Politics, July 5 2012

Charles Dharapak AP

If the Supreme Court says President Obama's Affordable Care Act includes a tax, then why is his rival Mitt Romney paying a political price? And who would have guessed in the aftermath of the ruling the right would attack Chief Justice John Roberts. Plus: It's getting nerve-wracking for Charlie Rangel.

NPR's Ron Elving and Ken Rudin have the latest political news in this week's roundup.

Music Reviews
8:51 am
Fri July 6, 2012

Big K.R.I.T.: Music Straight 'From The Underground'

Big K.R.I.T.
Courtesy of the artist

Originally published on Fri July 6, 2012 11:20 am

Big K.R.I.T.'s distinction as a rapper is the way he spreads his vowels out over his beats like gravy. There's little that's harsh in his phrasing, even as his lyrics can be tart or tough. In general, though, his tone over the course of Live From the Underground is a voice of coolness, of relaxation or resignation, even occasionally serenity.

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Election 2012
8:34 am
Fri July 6, 2012

Is The Jobs Report A 'Kick In the Gut'?

Presumed GOP nominee Mitt Romney calls the June employment report that showed 80,000 jobs created "another kick in the gut to middle class families." Host Michel Martin speaks with two of Tell Me More's regular politicos, Democrat Corey Ealons and Republican Ron Christie, about how these figures could affect the race for the White House.

The Two-Way
8:33 am
Fri July 6, 2012

How Hot Is It? All You Need To See Are These Two Maps

"Papa B" (left) and "Cadillac Bob" find refuge from the heat in a shaded lot between their homes on Chicago's South Side.
Sitthixay Ditthavong AP

Originally published on Fri July 6, 2012 11:11 am

The heat wave across much of the nation continues.

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Movie Reviews
8:06 am
Fri July 6, 2012

'Savages:' A Violent, Drug-Induced High

In Savages, the love triangle among Chon (Taylor Kitsch), O (Blake Lively) and Ben (Aaron Johnson) is disrupted when O is kidnapped by a Mexican cartel.
Francois Duhamel Universal Studios

Originally published on Fri July 6, 2012 8:57 am

Often I'm asked, "What's the worst movie ever made?" and I say, "I don't know, but my own least favorite is Oliver Stone's Natural Born Killers." The early script by Quentin Tarantino was heavily revised, and the final film became a celebration of serial killers, now existential heroes with absolute freedom. Beyond the bombardment that was Stone's direction, the worldview was abominable.

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Music Interviews
7:30 am
Fri July 6, 2012

James Murphy: The Brains Behind LCD Soundsystem

Originally published on Thu November 8, 2012 8:01 pm

This interview was originally broadcast on June 21, 2012. The new film Shut Up and Play the Hits documents LCD's Soundsystem's farewell concert at Madison Square Garden.

When LCD Soundsystem frontman James Murphy attended live concerts, he says he always felt like there was something missing.

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Planet Money
7:08 am
Fri July 6, 2012

How Unemployment Has Dragged On, In Three Charts

Lam Thuy Vo / NPR

Originally published on Mon July 9, 2012 8:06 pm

Losing your job is rarely good. Not being able to find one for months can be disastrous for individuals, and bad for society as well. Yet during the recent recession and the current anemic recovery, more people in the U.S. have been unemployed for longer than at any time since 1948.

Of all Americans who were unemployed in June, almost half had been without a job for 27 weeks or longer. In other words, 5.4 million people have been jobless for more than half a year.

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