Italy needs the backing of Europe's bailout fund. But Italy's a huge economy — much, much bigger than Greece, Portugal, and Ireland combined. And the Europeans don't want to put enough money into their bailout fund to back Italy.
So they're getting creative.
The rest of Europe is likely offer investors insurance that will pay back the first 20 percent of any losses on new Italian bonds.
Originally published on Mon October 31, 2011 7:44 pm
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A baseball fan named David Huyette used a word you don't hear so much. The word was honorable. Mr. Huyette ended up holding the homerun ball that won Game 6 of the World Series for the St. Louis Cardinals. It could've been worth thousands, but Mr. Huyette returned the historic ball. He said it was the honorable thing to do. And he was rewarded with another baseball, an autographed bat and tickets to Game 7 of the World Series. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
At 10 p.m. on Monday, NBC anchor Brian Williams will do something that hasn't been done in nearly 20 years: launch a new network TV newsmagazine.
Hosted live from NBC's Rockefeller Center headquarters — thus the name, Rock Center — it's an ambitious attempt to showcase both Williams' serious news skills and his signature dry wit. And if it's going to succeed, he and NBC may have to reinvent the newsmagazine for a new age.
ARI SHAPIRO, host: Good morning, I'm Ari Shapiro. She was an Occupy Wall Streeter in tears from pepper spray. He was a volunteer medic who rushed to her side. Their eyes met, and the energy between them felt like a show of excessive force. The cooing new couple told the New York Daily News, nothing strengthens a relationship like a chemical agent. The police officer who fired the pepper spray was stripped of ten days vacation. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
"What if" — two words that ignite the plot of Roland Emmerich's new movie Anonymous, which conjures up an Elizabethan England rife with dark motivations, political maneuverings and bold conspiracy, and dares to imagine a different identity for the world's most celebrated playwright. John Orloff wrote the screenplay for the movie, which starts with the premise that Shakespeare didn't write Shakespeare.
On Halloween 70 years ago, an iconic American monument was completed — Mount Rushmore. It took 14 years of blasting and chiseling granite to finish the work. And chief stone carver Luigi Del Bianco, an Italian immigrant, was there for most of them. Del Bianco was responsible for many of the finer details in Lincoln's face.
Del Bianco's daughter Gloria and her nephew, Lou, recently sat down at StoryCorps to share their memories of him and the work he did. The Mount Rushmore project began in 1927, when Del Bianco was 35. And it ended 14 years later.