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Episode 385: How Good Governments Go Bad

As citizens lose trust in their lawmakers, they jockey for special treatment — and often get it. That just compounds the problem, argues University of Chicago economist Luigi Zingales.
NPR

Ailing BlackBerry Maker Faces Shareholder Scrutiny

Executives from the BlackBerry maker Research In Motion (RIM) were grilled Tuesday by investors over the company's recent dismal performance. RIM has announced massive layoffs and its shares are trading at a nine year low. With the launch of the BlackBerry 10 delayed until next year, RIM's survival is considered to be at stake.
WAMU 88.5

Plan For Riverdale Park Whole Foods Approved By County

The Prince George's County council voted 7 to 2 in favor of a plan that would allow for the construction of a Whole Foods Market in the mixed use development at Riverdale Park.

NPR

'Vultures' Swoop In For Deals In Debt-Ridden Spain

Bargain-seeking investors known as "vultures" are circling Madrid, hoping a shakeout of the banking sector will yield deals at rock-bottom prices. As a condition of Spain's bailout, banks need to get rid of toxic assets such as devalued properties — even if it means taking a loss.
NPR

Intense Heat Has Lasting Impact Across U.S.

2012 is off to the warmest start since at least 1895, when record-keeping began. While the latest heat wave finally broke across much of the U.S., it factored in dozens of deaths and forced many employers to shift workers' schedules. The intense heat also left many farmers and ranchers scrambling.
NPR

Even As Jobless Rate Stays High, Job Openings Continue To Grow

There were 3.6 million jobs open and ready to be filled in May if the right candidates came along, the Bureau of Labor Statistics reported this morning. So why aren't more people getting work? Maybe too many employers are being too picky.
NPR

Dead Man Wills Winning Wimbledon Bet To Oxfam

Over a decade ago, Britton Nicholas Newlife bet with a bookmaker that Roger Federer would win Wimbledon seven times. The bet was for $2,300 and the odds were 66-1. Newlife died three years ago, but he left his betting ticket to the international charity Oxfam. On Sunday, Federer won his seventh Wimbledon title. Oxfam will receive more than $150,000 in winnings.
NPR

Google May Pay Fine To Settle FTC Charges

Google is reportedly set to pay a $22.5 million settlement. The fine would resolve charges Google snuck past Apple's privacy settings for users of Apple's browser. According to The Wall Street Journal, this would be the highest fine ever imposed on a single company by the Federal Trade Commission. Google has not admitted to any wrongdoing.

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