NPR News

When your grandfather is a bootlegger and your family runs an illegal small-town roadhouse, you must have a lot of stories to tell. Cam Penner does, and he tells them in his music. The Canadian singer-songwriter's latest album is titled Gypsy Summer.

The agency brought civil fraud charges Friday against two CEOs and four former top executives at the mortgage giants, accusing them of misleading investors about risky subprime loans.

Baseball slugger Barry Bonds will serve 30 days in house arrest for his obstruction of justice conviction back in April.

The San Francisco Chronicle reports:

"Bonds sat stoically as U.S. District Judge Susan Illston told baseball's home run king that he had avoided prison but must spend one month in his two-acre Beverly Hills estate, two years on probation, serve 250 hours of community service and pay a $4,000 fine.

Fitch ratings agency, one of the big three, said today that it was considering downgrading the credit ratings of six Euro-zone countries. Italy, Spain, Ireland, Belgium, Slovenia and Cyprus could see their their rating cut by one or two notches.

The AP reports: