This is SCIENCE FRIDAY. I'm Ira Flatow. Now picture this: You're one of the many graduate students working round the clock in a university lab on a series of seemingly dead-end experiments, until one day, you strike gold. It turns out, you've discovered the cure to a mysterious disease which will save the lives of millions around the world.
The biggest scandal in the world right now has nothing to do with sex or celebrities. It's about an interest rate called LIBOR, or the London Interbank Offered Rate.
Most Americans probably never heard of LIBOR. When I first moved to New York, I hadn't. Back then, I could barely afford my apartment and got an adjustable rate mortgage. And so I wondered: When my rate adjusts, how will I know how much I'll be paying?
I searched through all the documents and it was right there — LIBOR. I would be paying a few percentage points above whatever LIBOR was.
If the Supreme Court says President Obama's Affordable Care Act includes a tax, then why is his rival Mitt Romney paying a political price? And who would have guessed in the aftermath of the ruling the right would attack Chief Justice John Roberts. Plus: It's getting nerve-wracking for Charlie Rangel.
NPR's Ron Elving and Ken Rudin have the latest political news in this week's roundup.