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The Two-Way
11:48 am
Wed August 1, 2012

Sharp Swings In Stocks Renew Concerns About Computer Trading

Originally published on Wed August 1, 2012 2:58 pm

"August 1st will be another day that will destroy investor confidence just like the May 6th [2010] flash crash."

That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.

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The Two-Way
11:47 am
Wed August 1, 2012

USPS Defaults On $5.5 Billion Payment To Treasury

An employee loads flat trays onto a truck at the U.S. Postal Service processing and distribution center in Merrifield, Va.
Andrew Harrier Bloomberg via Getty Images

For the first time ever, the United States Postal Service has defaulted on a payment to the Treasury.

The USPS warned of a default in a statement on Monday. It it would not make the $5.5 billion payment due today and that it would also default on a $5.6 billion payment due Sept. 30. Both of those payments are federally mandated and go toward prefunding retiree health benefits.

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The Two-Way
11:44 am
Wed August 1, 2012

Cool! Tickets For The Who's Canceled '79 Show Good For 2013 Concert

Pete Townshend of The Who. Fans in Providence have waited 33 years to see him.
Lucy Pemoni Reuters /Landov

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NPR Story
10:48 am
Wed August 1, 2012

Eight Badminton Players Disqualified From Olympics

Originally published on Thu August 2, 2012 6:31 am

Transcript

STEVE INSKEEP, HOST:

The Olympics are a quest to be the best. But some Olympians are accused of purposely playing badly at badminton. The Badminton World Federation has launched disciplinary proceedings against four women's doubles pairs. First, the world champions, who are Chinese, faced off against opponents from South Korea. And spectators started booing when the players seemed to be making simple errors on purpose.

MELISSA BLOCK, HOST:

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The Torch
10:41 am
Wed August 1, 2012

Cyclist Bradley Wiggins Wins Seventh Olympic Medal, A British Record

Britain's Bradley Wiggins celebrates after winning the gold medal at the end of the London 2012 Olympic Games men's individual time trial road cycling event in London.
Odd Andersen AFP/Getty Images

British cyclist Bradley Wiggins has won the gold medal in the men's individual time trial event, beating Germany's Tony Martin by 42 seconds. He took 50 minutes and 39 seconds to cover the course of 49 kilometers (just under 30.5 miles).

Martin took silver, and the bronze went to Britain's Chris Froome, who played a vital support role as Wiggins' teammate in his Tour de France victory last month.

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