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6:44 am
Fri July 27, 2012

Olympic Gymnasts Take The (Hot Pink) Floor

Originally published on Fri July 27, 2012 10:44 am

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne.

As the U.S. men's gymnastics team struggles to adjust to the London arena, where they will compete, they're thinking more about pink than gold. That's because the competition floor is covered in hot pink. In a room Barbie would love, the men's team says it's not about gender norms but rather an array of colors making it hard to spot the high bars. As one gymnast put it, real men do compete on pink floors.

It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

The Two-Way
6:38 am
Fri July 27, 2012

Did Economy Slow Further In Second Quarter? We Find Out Today

Originally published on Fri July 27, 2012 9:01 am

The economy grew at a sluggish 1.5 percent annual rate in the second quarter, the Bureau of Economic Analysis reported this morning, down from a 2 percent pace in the first quarter.

This is the bureau's first estimate of GDP growth in the spring months. It will revise the figure twice in coming months. It's now 8:33 a.m. ET. We'll have more about the report shortly.

Update at 10 a.m. ET. The White House Points To String Of Positive Quarters:

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The Two-Way
6:00 am
Fri July 27, 2012

In London, The Games Are Afoot

The Olympic Flame as it passed through London on Thursday.
Andrew Cowie AFP/Getty Images

Originally published on Fri July 27, 2012 6:47 am

You've almost surely heard by now:

The London Summer Olympics officially begin today. The opening ceremony, with — we hear — a song from Sir Paul McCartney, some farm animals and "helmeted cyclists wearing giant silvery-blue flapping wings, pedaling around in two huge circles" — is to start just after 4 p.m. ET.

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Business
5:19 am
Fri July 27, 2012

Hearing Postponed In Peregine CEO's Fraud Case

Originally published on Fri July 27, 2012 4:09 pm

Transcript

LINDA WERTHEIMER, HOST:

Russell Wasendorf had hoped he'd be released on bail today, but the bail hearing has been postponed. So the former head of Peregrine Financial Group remains in jail, and the business empire he built continues to crumble.

Iowa Public Radio's Pat Blank reports Wasendorf's once fairy tale lifestyle came to an abrupt end earlier this month. He was arrested following an unsuccessful suicide attempt.

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Business
5:16 am
Fri July 27, 2012

Facebook Earnings Reflect Slowing Ad Revenue

Originally published on Fri July 27, 2012 10:44 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with earnings at Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: For the first time as a public company, Facebook has reported it's earnings. After its botched IPO, investors were hoping for a big, positive surprise to put the shine back on the social network. That didn't happen.

As NPR's Steve Henn reports, Facebook recorded a loss.

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