It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.
A city worker talks on his phone while surveying high water levels on Boulder Creek following overnight flash flooding in downtown Boulder, Colo. today. Flash flooding in Colorado has left two people dead and the widespread high waters are keeping search and rescue teams from reaching stranded residents and motorists in Boulder and nearby mountain communities.
Credit National Oceanic and Atmospheric Administration
Boulder County, Colo., has been hit hard, but flash flood warnings for Thursday extend down into New Mexico.
Good morning. I'm Renee Montagne. Picture now a boxy little 1984 four-door Renault with 190,000 miles. The perfect hand-me-down car for a teenager maybe, but the Pope? Well, Pope Francis accepted the keys to one over the weekend - a gift from a 70-year-old priest, Renzo Zocca of Verona. Pope Francis has famously shunned luxury items, including the popemobile, but he plans to drive this car himself around the Vatican grounds. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Two kinds of news stories seem to come up again and again. The first is the guy who writes a text message about a drug deal and inadvertently sends it to the cops. This story, too, seems like it's happened more than once. A driver in Waldorf, Maryland lost control of her car while texting and landed in a lake. She was not hurt. She faces criminal charges. We do not know if her cell phone contract allows her a replacement when the phone gets wet.
On 'Morning Edition': Free Syrian Army Gen. Salim Idris
As Secretary of State John Kerry was preparing to sit down with his Russian counterpart Thursday to discuss whether the Assad regime's chemical weapons can be handed over to international monitors, the commander of the rebel Free Syrian Army was telling NPR that "the Russian initiative is just a lie."
It's been more than two years since Wisconsin Gov. Scott Walker signed a bill stripping collective bargaining rights from most public employees. The new law sparked massive protests at the Wisconsin State Capitol because many saw it as an attack on unions.
While most demonstrators eventually went away, a small group did not. They arrive at the building most weekdays to sing anti-Walker and pro-union songs.
On a recent day, more than 100 people were gathered in a circle on the Capitol lawn, tapping cowbells and singing a localized version of "This Land Is Your Land."
In the past couple of weeks, several major companies — Samsung, Sony, Qualcomm — have announced they will release smart watches this fall. As the name suggests, the gadgets do more than keep time.
The latest spate of computerized watches promise to do everything from working as a phone to taking photos and fielding emails. Smart watches have actually been around for a long time, but they've never really taken off as a product.
The world's largest paper producer says it's closing a mill in Alabama that employs 1,100 people. International Paper Company blames the closure in the town of Courtland on a decline in the demand for paper. Stan Ingold of Alabama Public Radio reports.
STAN INGOLD, BYLINE: The small town of Courtland, Alabama is reeling after the announcement by Memphis-based International Paper to close their mill. Diane Scanland is the executive director of the Lawrence County Chamber of Commerce.
There is, of course, a lot of attention being paid about what's happening in Richmond because millions of other American homeowners around the country are also underwater - again, homes that are worth less than their mortgages. We're joined now by NPR correspondent Chris Arnold, who's been following all of this. Good morning.
CHRIS ARNOLD, BYLINE: Good morning, Renee.
MONTAGNE: How many homeowners are still underwater? I gather with the housing market coming back, this is changing - for the better.
Credit Courtesy of Susie Fitzhugh/Fred Hutchinson Cancer Research Center
Physician Jim Olson cares for children with brain cancer in Seattle. His laboratory studies the gene expression programs controlling neural differentiation, brain tumor genesis and neurodegenerative diseases.
Credit Courtesy of Julie Novak / Blaze Bioscience
The image on the left is a piece of lung tissue that contains a tumor viewed under normal white light. The right image shows the same piece of tissue after Tumor Paint has been applied. Here it's viewed under infrared light. Areas that are more red and yellow show a concentration of the paint, which means they are more likely to be cancerous.
Perhaps one of the most uncomfortable things a doctor has to tell patients is that their medical problems are iatrogenic. What that means is they were caused by a doctor in the course of the treatment.
Sometime these iatrogenic injuries are accidental. But sometimes, because of the limits of medical technology, they can be inevitable. Now, a medical researcher in Seattle thinks he has a way to eliminate some of the inevitable ones.
Economist Tyler Cowen believes that income inequality in America is only increasing. His new book is called Average Is Over: Powering America Beyond the Age of the Great Stagnation.
Credit Stephen Gosling / Courtesy Dutton Adult
Tyler Cowen is a professor of economics at George Mason University. He is also the author of The Great Stagnation, An Economist Gets Lunch, Good and Plenty and Create Your Own Economy. He blogs at Marginal Revolution.
Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:
"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."
Native American tribes gave up millions of acres to the federal government in the 19th century in exchange for promises of funded health care, education and housing. But time and again, those funds have been cut.
The recent across-the-board federal budget cuts, known as sequestration, are no exception. They came with a 5 percent reduction in funding for mental health services, including suicide prevention. That's especially troubling for Native Americans, whose suicide rate are four times the national average.