The Two-Way
2:42 pm
Thu July 12, 2012

Sen. Reid On 'Made In China' U.S. Olympic Uniforms: 'Burn Them'

This product image released by Ralph Lauren shows U.S. Olympic athletes, from left, swimmer Ryan Lochte, decathlete Bryan Clay, rower Giuseppe Lanzone and soccer player Heather Mitts modeling the the official Team USA Opening Ceremony Parade Uniform.
AP

Originally published on Thu July 12, 2012 4:21 pm

Yesterday, ABC News made a curious discovery about the U.S. Olympic uniforms designed by Ralph Lauren: The pride of America, as they put it, will be wearing red, white and blue attire made in China.

"Every item in the uniforms that the U.S. athletes will be wearing at the opening ceremony in London will carry an overseas label," ABC reported.

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Asia
2:41 pm
Thu July 12, 2012

Pimp My Rickshaw: India's Drivers Pump Up The Glam

You know you want one: rickshaw seat covers emblazoned with Bollywood stars. It's just one way New Delhi rickshaw drivers are trying to outdo each other in the battle for passengers.
Elliot Hannon for NPR

Originally published on Thu July 12, 2012 4:10 pm

Dashboard statues of glow-in-the-dark Hindu gods, hubcaps painted like soccer balls and seat covers adorned with Bollywood stars — all this and more rickshaw bling is all the rage in India.

The motorized three-wheeled buggies are a fixture on India's crowded city streets, scooting in and out of traffic, picking up and dropping off passengers.

In New Delhi alone, there are some 50,000 of these vehicles. And that number is set to double as the city recently lifted a decades-long cap on the number of rickshaws allowed on the road.

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Business
2:35 pm
Thu July 12, 2012

Lobster Glut, Low Prices Leave Boats High And Dry

A lobster on a boat off Mount Desert, Maine, is measured to see if it is a legal size. There has been a glut of lobster this season, driving down prices.
Robert F Bukaty AP

Originally published on Thu July 12, 2012 4:10 pm

This summer is shaping up to be a record season for lobster landings in Maine. That sounds like good news for a state where lobstering makes up a large part of the economy.

It may be welcome news for consumers and food retailers, but for the state's 5,000 lobstermen, it's a different story.

Hard To Make A Living

On Portland's waterfront, about five lobster boats are tied up at one of the piers. Half a dozen lobstermen stand around discussing the current problem of oversupply.

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Poverty In America: The Struggle To Get Ahead
2:26 pm
Thu July 12, 2012

Turning Trash Into Cash To Help Nation's Poor

A worker dismantles a mattress at a recycling facility in Oakland, Calif. The material will be used to make carpet products and proceeds will help support the St. Vincent de Paul Society of Lane County, a nonprofit that helps low-income families in Eugene, Ore.
Pam Fessler NPR

Originally published on Thu July 12, 2012 4:10 pm

The bad economy has hurt many nonprofits around the country, even as demands for their services have grown. That's certainly the case in Reading, Pa., which has been labeled the poorest city in America, with a poverty rate of more than 41 percent.

Now, one local nonprofit, Opportunity House, hopes to salvage some of its services by salvaging junk.

Looking For Help

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Planet Money
2:23 pm
Thu July 12, 2012

Waiting For JPMorgan And The Whale

JPMorgan Chase CEO Jamie Dimon, here seen in June testifying before a congressional committee, will try to explain the bank's trading losses to investors on Friday.
Chip Somodevilla Getty Images

Ever since the peak of the financial crisis, we've been treated to the occasional spectacle that leaves the market and its hangers-on in a tizzy: unveiling the terms of new bailout programs, revealing bank stress-test results, and, not long ago, JPMorgan Chase's chief executive

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Shots - Health Blog
2:03 pm
Thu July 12, 2012

State Legislatures Stay Busy On Abortion Laws

Virginia Senate Republican Leader Thomas Norment, of James City, (left), and State Sen. Stephen Newman, of Lynchburg, listen to a Feb. debate on a bill requiring an ultrasound before an abortion. The bill was later amended to remove a requirement for transvaginal ultrasound.
Steve Helber AP

2011 was a banner year for state laws restricting abortion. And 2012 looks like runner-up.

That's the central finding of the midyear report from the Guttmacher Institute, the reproductive policy research group that keeps track of such things.

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It's All Politics
1:56 pm
Thu July 12, 2012

Biden Says It, So Obama Doesn't Have To

Vice President Biden addresses the NAACP annual convention Thursday in Houston.
Pat Sullivan AP

Originally published on Thu July 12, 2012 2:31 pm

President Obama may have disappointed the NAACP by appearing only via brief video message Thursday at the civil rights group's annual gathering — especially after Mitt Romney had personally taken the stage a day earlier.

But sending in Vice President Biden to stir things up, just 24 hours after Romney was booed while delivering a conservative message meant to resonate beyond the walls of the Houston convention center, seemed to work out just fine for Obama.

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The Two-Way
1:42 pm
Thu July 12, 2012

Nike Announces They Will Take Paterno's Name Off Child Care Center

Former Penn State Coach Joe Paterno stands with his players in 2009.
Carolyn Kaster AP

Originally published on Thu July 12, 2012 2:45 pm

The fallout from the independent report on how Penn State handled the sexual abuse allegations by Jerry Sandusky has begun.

Nike has announced that it has removed the name of former Penn State football coach Joe Paterno from its child care center in Oregon. Mark Parker, Nike's president and CEO, said he was "deeply saddened" by the results of the investigation.

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It's All Politics
1:25 pm
Thu July 12, 2012

Three Crucial Years Propel Romney's Business Career Back To Center Stage

Thomas Monaghan (left), founder and chairman of Domino's Pizza, signs an agreement to sell a "significant portion" of his stake in the company to Mitt Romney's Bain Capital, in 1998. Romney, then Bain's CEO, maintains that he left the firm the following year.
Scott Gries AP

Originally published on Thu July 12, 2012 2:00 pm

Three years might not seem like a big deal when looking back over Mitt Romney's two-decade career with Bain Capital.

But a growing number of journalists — and the Obama campaign — think it is.

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The Two-Way
12:58 pm
Thu July 12, 2012

Wells Fargo Agrees To $175 Million Settlement Over Lending Discrimination

Wells Fargo has denied claims of lending discrimination and said it's settling "solely for the purpose of avoiding contested litigation with" the Justice Department
Karen Bleier AFP/Getty Images

Wells Fargo Bank agreed to pay at least $175 million Thursday to resolve allegations it discriminated against black and Latino home buyers, in what the Justice Department called the second largest settlement over fair lending violations.

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