An international trade association ruled Thursday that the restructuring of Greece's government debt is not yet a "credit event." It means, for now, that Greek bondholders who took out billions of dollars of insurance contracts against Greece defaulting on its debt won't be paid. Robert Siegel talks with Scheherazade Rehman, Director of the European Union Research Center at The George Washington University.
Telemundo announced that its telenovelaEl Señor de los Cielos (Lord of the Skies) will be back for an unheard of second season. This is a radical departure from traditional telenovelas, which have a clear beginning and a definitive ending.
The Washington Post reports that the agency is gathering nearly 5 billion records a day on the whereabouts of cellphones around the world. One official told the newspaper the NSA is getting vast volumes of location data by tapping into the cables that connect mobile networks globally.
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