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.
The heat is continuing to shatter records across the Midwest. Indiana is among the states being smothered by triple-digit temperatures and excessive heat warnings are in effect, but still many Hoosiers have to work out in the dangerous conditions. Sara Wittmeyer from member station WFIU reports on how people are coping during the heat wave and when they might see some relief.
"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.
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.
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.