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Sports
4:00 am
Tue August 7, 2012

India's Olympic Effort Faulted

Originally published on Wed August 8, 2012 1:39 pm

Transcript

STEVE INSKEEP, HOST:

Now, as we cover the Olympics, some of you have asked for spoiler alerts, but for this next report that is probably not necessary. NPR's Mike Pesca is taking us inside the world of India's men's field hockey team. We're not too worried about spoilers. Not just because most Americans don't care much about field hockey, but because the Indian squad has done a pretty good job itself of spoiling things. As Mike reports, the team's record tracks with the overall state of the Indian Olympic effort.

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Business
4:00 am
Tue August 7, 2012

The Last Word In Business

Originally published on Wed August 8, 2012 1:39 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is a deal with some strings attached. You have no idea yet what a terrible pun that is. The final notes have been played in a criminal case federal prosecutors brought against Gibson Guitar Corporation.

The Justice Department is dropping its charges against the guitar maker for illegally buying and importing exotic wood - specifically, ebony from Madagascar and rosewood and ebony from India. The company will pay a penalty of $300,000 and give another $50,000 for conservation efforts.

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Business
4:00 am
Tue August 7, 2012

British Bank Accused Of Hiding Iranian Transactions

Originally published on Wed August 8, 2012 1:39 pm

Transcript

STEVE INSKEEP, HOST:

Financial regulators in New York said yesterday they may bar a British bank from doing business in the state. They said that because the bank allegedly laundered some $250 billion in Iranian money through its branch in Manhattan. The bank is Standard Chartered Bank. It does much of its business in Asia, Africa and the Middle East. But like any global bank, it wants to have a foothold in the U.S. markets, and that foothold is now in danger. For more, we turn to NPR's Jim Zarroli in New York.

Jim, Good morning.

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Politics
3:03 am
Tue August 7, 2012

Will Tea Party Star Marco Rubio Get GOP VP Nod?

Sen. Marco Rubio, R-Fla., listens at left as Republican presidential candidate Mitt Romney speaks in Aston, Pa., in April. Republican leaders from Jeb Bush to John McCain have touted Rubio for vice president.
Jae C. Hong AP

Originally published on Wed August 8, 2012 1:39 pm

Among the Tea Party successes in the 2010 congressional elections was U.S. Sen. Marco Rubio of Florida. He is now one of those on Republican presidential candidate Mitt Romney's short list of possible running mates.

For any political party, Rubio would be worthy of consideration for vice president or a higher office. He's smart, good-looking and charismatic. The Cuban-American is a plus for Republicans, a party that polls show has been losing ground with Hispanics.

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World
2:27 am
Tue August 7, 2012

Growing Pains: Nations Balance Growth, Power Needs

Muslim girls study by candlelight inside a religious school in Noida, near New Delhi, on July 31. The collapse of three regional power grids last week caused a massive power outage that blacked out more than half of India.
Parivatran Sharma Reuters /Landov

Originally published on Wed August 8, 2012 1:39 pm

It may take some time to pinpoint the exact cause of India's massive blackouts last week, but the underlying issue for India and many other parts of the developing world is that supply is struggling to keep up with the growing demand for power — an imbalance that can affect the reliability of electric grids.

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