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    Bank Of America Reports $6.2 Billion Profit

    Though the number is huge — $6.2 billion — this morning's third-quarter profit news from Bank of America is generating a lot of "yeah, but" analyses.

    As in:

    -- "It booked that profit largely on selling a bunch of assets and an accounting bonus to account for the declining value of its debt." (The Wall Street Journal)

    -- "The quarter's results were skewed by one-time pretax gains including $4.5 billion in fair-value adjustments of structured liabilities, $3.6 billion from selling a stake in China Construction Bank Corp. and $1.7 billion tied to changes in value of the company's debt." (Bloomberg Businessweek)

    -- "Stripping out a litany of exceptional items, from a $3.6 billion gain due to the CCB stake sale to a $4.5 billion boost from an accounting rule that allows banks to book a profit on the falling value of their own debt, BofA's businesses produced a loss." (The Financial Times)

    The bank's recent announcement of plans to charge many customers $5 a month if they make purchases with their debit cards has not gone over well with some folks, including President Obama.

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    WAMU 88.5

    Verdine White On 45 Years With Earth, Wind & Fire

    Forty-five years ago, the band “Earth, Wind and Fire” introduced audiences to a new kind of funk--one that fused soul, jazz, Latin and pop. Bassist Verdine White talks to guest host Derek McGinty about breaking racial boundaries in music and how the band is still evolving.

    NPR

    The Case Against The Shirley Temple (The Drink)

    Author and cocktail enthusiast Wayne Curtis wrote an article called "Shirley Temples Are Destroying America's Youth." He talks about why he hates Shirley Temples — the drink, not the person.
    WAMU 88.5

    What's Ahead At The Democratic National Convention

    The Democratic National Convention gets underway in Philadelphia, where Hillary Clinton will accept the presidential nomination.

    NPR

    Experimental Plane Sets Off On Final Leg Of Its Round-The-World Journey

    It's the first time for a solar-powered plane to circumnavigate the globe. Now it's en route to Abu Dhabi, United Arab Emirates — and you can watch the journey in a live video from the cockpit.

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