We want to remind everybody they can join us here most weeks at the Chase Bank Auditorium. For tickets and more information, go to wbez.org, or you can find a link at our website: waitwait.npr.org. Right now, panel, time for you to answer some questions about this week's news.
Roxanne, the U.S. Olympic uniforms were unveiled this week. Ralph Lauren designed them. They're supposed to represent the best of American values. But some are upset with these outfits. Why?
Visa and Mastercard have announced that they will pay retailers more than $6 billion to settle several class-action and individual lawsuits retailers have filed since 2005.
According to a Wall Street Journal story from earlier this month, the settlement stems from complaints that Visa and MasterCard, the largest card-payments networks in the world, prohibited retailers from imposing surcharges to customers using those credit cards.
As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.
Documents the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR — or the London Interbank Offered Rate — late in 2007.