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Planet Money
10:53 am
Fri July 6, 2012

Rigging LIBOR: Banking Scandal Hits Home (Literally)

Lefteris Pitarakis AP

Originally published on Mon July 30, 2012 8:20 pm

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.

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'It's All Politics': NPR's Weekly News Roundup
10:52 am
Fri July 6, 2012

It's All Politics, July 5 2012

Charles Dharapak AP

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.

Music Reviews
10:51 am
Fri July 6, 2012

Big K.R.I.T.: Music Straight 'From The Underground'

Big K.R.I.T.
Courtesy of the artist

Originally published on Fri July 6, 2012 1:20 pm

Big K.R.I.T.'s distinction as a rapper is the way he spreads his vowels out over his beats like gravy. There's little that's harsh in his phrasing, even as his lyrics can be tart or tough. In general, though, his tone over the course of Live From the Underground is a voice of coolness, of relaxation or resignation, even occasionally serenity.

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Election 2012
10:34 am
Fri July 6, 2012

Is The Jobs Report A 'Kick In the Gut'?

Presumed GOP nominee Mitt Romney calls the June employment report that showed 80,000 jobs created "another kick in the gut to middle class families." Host Michel Martin speaks with two of Tell Me More's regular politicos, Democrat Corey Ealons and Republican Ron Christie, about how these figures could affect the race for the White House.

Faith Matters
10:34 am
Fri July 6, 2012

Evangelicals Preach Unity On Immigration Reform

More than 150 evangelical leaders, from across the political spectrum, have come together to call for immigration reform. Host Michel Martin looks at the crusade for reform with Richard Land of the Southern Baptist Ethics and Religious Liberty Commission, and Rev. Samuel Rodriguez of the National Hispanic Christian Leadership Conference.

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