Private creditors holding Greek bonds have until the end of today to participate in the largest sovereign debt restructuring in history. This means creditors must exchange the Greek government bonds they now hold for new ones that are worth far less. Some creditors are balking, since it means up to a 70 percent loss on their returns.
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And I'm Renee Montagne.
Western governments are still debating whether to help Syria's rebels. But as they debate, the rebels are finding ways to help themselves.
INSKEEP: Syrians continue arming themselves, even after they retreated from the battered city of Homs. This week, the United Nations' humanitarian chief finally toured that city, including a rebel neighborhood, now mostly abandoned.
When an author writes something that's supposed to be a true story and readers discover he's stretched the truth, things can get ugly fast. Recall Oprah Winfrey's famous rebuke of author James Frey for making up much of his memoir, A Million Little Pieces. "I feel duped, but more importantly, I feel that you betrayed millions of readers," she told him.
There were a lot of good stories from the 2008 presidential election, including Hillary Clinton's serious run for the Democratic nomination, not to mention the election of the first African-American president. The whole story was covered in the bestselling — and controversial — book by John Heilemann and Mark Halperin, Game Change.
Dr. Adam Wolfberg had two daughters and another on the way when his wife, Kelly, went into labor. But this joyous occasion had come much too soon — Kelly was three months away from her due date. After just 26 weeks in the womb, their baby daughter Larissa entered the world by emergency cesarean section and was whisked into the neonatal intensive care unit of a Boston hospital. It was the same hospital where Wolfberg was doing his residency in obstetrics and gynecology, and his medical background turned out to be a mixed blessing.
When Lehman Brothers collapsed in 2008, it was the largest bankruptcy in U.S. history. More than three years later, Lehman is emerging from Chapter 11. The firm is really just back in business to liquidate itself. Lehman has about $65 billion in assets that it intends to distribute among its many creditors starting next month.
And our last word in business today is: culinary frontiers.
When companies come into foreign markets, they often devise products that reflect local tastes - kosher Big Macs in Israel, for instance. So with Dunkin Donuts aiming to nearly double its outlets in China, it has come up with pork donuts.