Just a few weeks ago, warnings were flying thick and fast that the Olympic Games would reduce London to chaos, jamming the capital's roads and clogging up its aging transport system. Officials urged residents to work from home and plan their travel carefully. The public seems to have taken that advice to heart.
On its first day as a public company in May, Facebook's stock traded for more than $40 a share. On Thursday, investors could pick up a share for less than $20. Facebook has lost nearly half its value during its first few weeks on the Nasdaq. Institutional investors such as Fidelity are selling their stake. Facebook executives are now desperate to change the conversation about the company.
Now to a celebration. Well, it's actually more along the lines of...
(SOUNDBITE OF FROGS CREEKING)
CORNISH: Yes. Today, we, the warm-blooded, honor those who are not - namely, amphibians. That's because of the discovery of the 7,000th species of amphibian. A website called AmphibiaWeb at the University of California, Berkeley is keeping count.
(SOUNDBITE OF SONG, "7,000 KINDS OF AMPHIBIANS")
CONNOR LOCKRIDGE: (Singing) From the slimiest frog to the tiniest toad...
Gabby Douglas, the 16-year-old gymnast from Virginia Beach, Va., won another gold medal Thursday. The first was won with her team earlier this week. She was the only member of the team to perform in all four rotations. So, why are some black women obsessed with her hair? Writer Monique Fields has this perspective.
Never mind how she flies like a raven on the balance beam. Or flutters across the floor. Or soars on vault. Or swings on the uneven bars.
Is a film in development where the aged Russian gymnast is allowed to give Michael Phelps the medal that broke her record? How about "Bad News Badminton" or "Dream Team V"? Well, there's no way to know whether we're going to see the butterfly, shuttlecocks or slam dunks in 3D anytime soon, but in the grip of Olympic fever, we kick off our annual summer film festival with a celebration of Hollywood's past focus on the drama of the games. Our favorite film buff Murray Horwitz joins us in just a moment.