NPR's business news starts with good times for bank chiefs.
While the financial world keeps grappling with losses, the industry's leaders have raked in annual pay raises averaging nearly 12 percent. The Financial Times found JPMorgan Chase's CEO Jamie Dimon was among the top earners, with a pay package of more than $23 million last year, an 11 percent increase over the previous year. Transcript provided by NPR, Copyright National Public Radio.
We're expecting soon to learn Supreme Court decisions on two gigantic cases. One case involves the Arizona immigration law. The federal government has challenged that law as an intrusion into federal authority.
RENEE MONTAGNE, HOST:
Justices are also deciding the constitutionality of President Obama's health care law. The main challenge is to the individual mandate, which after 2014 would require most people to get health insurance or pay a fine.
OK. Get your strawberries and cream ready, because that is the traditional dish that people eat near the court at Wimbledon, and today is the first day of Wimbledon at the All England Club in London, where it's been held since 1877. For a preview, we're joined by Sports Illustrated's Jon Wertheim.
A lot of taxpayer money is at stake in this next story. The number of public charter schools is growing. When they attract students, they also attract public funding - and that is also true when the charter school is an online school.
One dominant force in creating online charter schools is a company called K-12. Now, traditional school districts are fighting the company's efforts to set up a virtual academy.
Here's Dave DeWitt of North Carolina Public Radio.