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3:46 am
Thu July 5, 2012

Business News

Originally published on Thu July 5, 2012 9:25 pm

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with the back story on VIP loans.

(SOUNDBITE OF MUSIC)

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.

STEVE INSKEEP, HOST:

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NPR Story
3:44 am
Thu July 5, 2012

Power Outages Darken Many July 4 Celebrations

Originally published on Thu July 5, 2012 9:25 pm

Transcript

STEVE INSKEEP, HOST:

On the day after the Fourth, it's MORNING EDITION from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

It was especially easy for some Americans to see the fireworks last night. They had no competing source of light.

INSKEEP: Brilliant displays lit up cities like New York and Washington, but across Maryland, Virginia and New Jersey, about a quarter of a million homes still have no electricity.

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NPR Story
3:44 am
Thu July 5, 2012

Romney: Obama's Health Mandate Is A Tax

Republican presidential candidate Mitt Romney walks with his wife, Ann, and other family members, along with Republican Sen. Kelly Ayotte, in the Wolfeboro, N.H., Independence Day parade Wednesday. Ayotte has been mentioned as a possible vice presidential contender.
Kayana Szymczak Getty Images

Originally published on Thu July 5, 2012 9:25 pm

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.

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NPR Story
3:44 am
Thu July 5, 2012

EX-Barclays CEO Apologizes To British Panel

Originally published on Thu July 5, 2012 9:25 pm

Transcript

LINDA WERTHEIMER, HOST:

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.

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Southword
2:15 am
Thu July 5, 2012

Meet Al Black: Florida's Prison Painter

Al Black is one of Florida's 26 officially recognized "Highwaymen" — a loosely affiliated group of artists who began painting in the 1960s, some of whom are still at it today.
Courtesy of Gary Monroe

Originally published on Thu July 5, 2012 9:25 pm

In the 1960s, Al Black could be found cruising up and down Route 1 in his blue-and-white Ford Galaxy — with a trunk full of wet landscape paintings.

At the time, he was a salesman who could snatch your breath away and sell it back to you. As artist Mary Ann Carroll puts it, he could "sell a jacket to a mosquito in summer."

"A salesman is a con-man," Black readily admits himself today. He's a storyteller. And does he have stories to tell.

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