In Britain today, parliament continues its hearing on the interest rate scandal at Barclays Bank. This week, several of the bank's top executives resigned, including the chief executive, Bob Diamond. Yesterday, parliamentarians quizzed Diamond for three hours.
NPR's Philip Reeves is in London, where he says outrage is growing.
NPR's business news starts with the back story on VIP loans.
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WERTHEIMER: A former mortgage company, Countrywide, used a VIP loan program to buy influence with members of Congress, staffers and other officials, including a number at Fannie Mae, the government backed mortgage giant central to Countrywide's business. That the bottom line of a new report out today from the House Oversight and Government Reform Committee.
Republican presidential challenger Mitt Romney spent his July Fourth holiday marching in a New Hampshire parade, and backtracking statements a top adviser made about the individual mandate in the Obama health care law.
There was something for almost everybody in Wolfeboro's Independence Day parade: a local brass band, bonnet-wearing Daughters of the American Revolution, a Zumba instructor shimmying across the bed of a pickup truck, and even a Jimmy Durante impersonator, complete with prosthetic nose.
There's so much water in, around and underneath New Orleans, that the dead spend eternity in tombs above ground.
Most of the tombs now have a similar design: On top, there's space for a wooden coffin or two, and at the bottom lies a potpourri of decanted family remains. Sooner or later, whoever is up high must vacate and settle lower, making room for the newly dead. That's how families stay together — in a desiccated jumble of grandpas, grandmas, siblings and cousins.
Good morning. I'm Renee Montagne with a cheesy twist on Independence Day. A replica of Mount Rushmore is on display today in West Palm Beach, Florida. This version is carved out as a 640-pound block of cheddar cheese. It was sculpted by Troy Landwehr, an expert cheese carver from, of course, Wisconsin. He told the Sun Sentinel that Abraham Lincoln's bushy eyebrows were one of the hardest features to carve. His creation is titled "My Country 'Tis of Cheese." It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Linda Wertheimer. An Arkansas woman high-tailed it home after she rear-ended another car in Van Buren. It didn't take long for police to find her. When they did, they slapped her with a citation for following too closely and leaving the scene of an accident. Her excuse? She didn't think there was enough damage to call the cops and she was afraid her ice cream was melting. A bit of a messy alibi. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Our last word in business today: body of work. That's the legacy left behind by Italian car designer Sergio Pininfarina. He died yesterday in Turin, Italy at age 85. His family's design firm was behind the sleek, elegant bodies that became a hallmark of Ferrari automobiles.