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Planet Money
2:06 am
Thu July 5, 2012

The Farmer And The Commerce Clause

The U.S. Supreme Court, 70 years after rejecting Roscoe Filburn's bid to limit the federal government's power to regulate commerce.
Chip Somodevilla Getty Images

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

Last week's Supreme Court ruling on the health care law might have made Roscoe Filburn a little happier.

Filburn was an Ohio dairy farmer who had a beef with the federal government, one he took to the U.S. Supreme Court in 1942. He lost.

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Politics
2:05 am
Thu July 5, 2012

Ohio Senator Vulnerable For Health Law Support

Democratic Sen. Sherrod Brown speaks in Columbus, Ohio, in May. Brown, who is up for re-election this year, says he wakes up every day "trying to figure out how to create jobs."
Mark Duncan AP

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

President Obama hits the campaign trail Thursday with a bus tour in Ohio. The state is a crucial battleground not only for the presidential election, but also because it could decide whether Democrats keep control of the Senate.

Up for re-election there is Democrat Sherrod Brown, who is being challenged by the state's Republican treasurer, Josh Mandel. Mandel is highlighting Brown's staunch support of the new health care law — with a big assist from outside groups.

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Business
2:47 pm
Wed July 4, 2012

Fear Of Fires Fizzles Some July Fourth Fireworks Fun

Susan Underwood prices fireworks, while her husband Michael (left) and Clint Simmons pace themselves with a snack and TV last month at their tent along Highway 416 in Sevier County, Tenn. Over in Middle Tennessee, the drought has led city leaders to ban fireworks this year.
Curt Habraken AP

Originally published on Wed July 4, 2012 3:59 pm

Freddie Bowers and his dad, Larry, have sold fireworks in LaVergne, Tenn., for a lifetime. But, the sparklers are off limits this year since the region has had the hottest streak in recorded history and several small fires in the area have been blamed on fireworks.

For people in the fireworks business, Christmas usually comes in July. Only this year, three-quarters of the country are experiencing some level of drought and from the Mountain West to the Southeast, cities are temporarily banning fireworks.

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Business
2:37 pm
Wed July 4, 2012

Ex-CEO: Barclays Isn't The Only Bank At Fault

Former Barclays CEO Bob Diamond leaves Parliament amid a crowd of reporters in London on Wednesday. Diamond, who resigned Tuesday, was questioned about a growing interest-rate manipulation scandal.
Matthew Lloyd Getty Images

Originally published on Wed July 4, 2012 4:35 pm

The fallen leader of Barclays Bank got on the hot seat before members of the British Parliament on Wednesday. Robert Diamond, an American, resigned Tuesday as CEO of the bank — the latest executive to lose his job over an interest-rate manipulation scandal.

The scandal has not only consumed Barclays, it also threatens to engulf other international banks — and high-ranking government officials, too.

Diamond started his career at Barclays on Independence Day, exactly 16 years ago. On Wednesday in London, he set off some fireworks all his own.

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Sports
2:01 pm
Wed July 4, 2012

Baseball's Teen Phenom Steals Home, And Hearts

Washington Nationals' Bryce Harper walks out of the clubhouse before an interleague baseball game in Baltimore.
Patrick Semansky AP

Originally published on Wed July 4, 2012 3:03 pm

Bryce Harper was 16 when he appeared on the cover of Sports Illustrated, pictured swinging a bat in the desert and declared "Baseball's Chosen One."

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