And our last word in business this morning is: Jubilation.
Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.
Hollywood studios are dealing with big budget flops and the release of G.I. Joe: Retaliation has been postponed until March. Kim Masters, host of The Business, and editor at large for The Hollywood Reporter, talks to Renee Montagne about the summer woes at movie studios.
Republican Gov. Scott Walker faces Milwaukee Mayor Tom Barrett in a recall election Tuesday that has attracted a lot of outside money. The attempt to remove Walker came after he successfully pushed to limit collective bargaining rights for public sector unions.
Imagine how tough life would be if raindrops weighed 3 tons apiece as they fell out of the sky at 20 mph. That's how raindrops look to a mosquito, yet a raindrop weighing 50 times more than one can hit the insect and the mosquito will survive.
Put yourself in a mosquito's shoes — or rain boots — for a moment and step outside into a downpour of seemingly gigantic raindrops.