NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.
"The election of muslim brotherhood presidential candidate Mohammed Morsi is another step in the balance of power counter-revolutionary process that many wrongly characterized as a revolution eighteen months ago.
Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.
It's MORNING EDITION, from NPR News. I'm Linda Wertheimer, in for Steve Inskeep.
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And I'm Renee Montagne.
In Egypt, a small victory for civil rights: A court there suspended a decree that allowed the military to arrest civilians. Other moves to amass power by the ruling military council, including dissolving Egypt's elected parliament, are still in effect.
Let's turn now to proposed rules to protect patients from abusive debt-collection practices, specifically at nonprofit hospitals. The rules come from the Treasury Department. They were required by the 2010 federal health law. Jenny Gold, of our partner Kaiser Health News, has more.
JENNY GOLD, BYLINE: When Deb Waldin arrived at the emergency room of Fairview Health Services, a nonprofit hospital system in Minnesota, on a scale of one to 10, she says her pain was a 12.
As Allison Aubrey and Dan Charles reported today on Morning Edition, meat has more of an impact on the environment than any other food we eat. That's because livestock require so much more food, water, land, and energy than plants to raise and transport. (Listen to the audio above for their conversation with Morning Edition's Linda Wertheimer.)
Take a look here at what goes into just one quarter-pound of hamburger meat.
Created by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state.
The collapse of the housing market has led to plenty of finger-pointing in Washington. Two easy targets are Fannie Mae and Freddie Mac.
These government-backed mortgage giants had to be rescued by taxpayers and now owe the government $188 billion. Still, Fannie and Freddie, which currently make the vast majority of home loans possible, are crucial to supporting the housing market right now.