The Two-Way
12:48 pm
Wed August 1, 2012

Sharp Swings In Stocks Renew Concerns About Computer Trading

Originally published on Wed August 1, 2012 3:58 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
12:47 pm
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
12:44 pm
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
11:48 am
Wed August 1, 2012

Eight Badminton Players Disqualified From Olympics

Originally published on Thu August 2, 2012 7:31 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
11:41 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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The Torch
11:19 am
Wed August 1, 2012

Let's Catch Up: U.S. Rowers End Drought, Phelps And Lochte Reload

Adrienne Martelli, Megan Kalmoe, Kara Kohler and Natalie Dell of the United States celebrate on the podium after winning bronze in the women's quadruple sculls at Eton Dorney in Windsor, England.
Harry How Getty Images

Good morning. Things are hopping at the London Games, with 20 medal events today. And conversations are still buzzing about the scandal in Olympic badminton, over players intentionally throwing matches. Here are some highlights from this morning's news:

- The U.S. women's quadruple sculls team has won a bronze medal, ending a 28-year American medal drought in the sport. It's also only the second U.S. medal.

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The Two-Way
9:54 am
Wed August 1, 2012

'Pepper Spray Cop' Is No Longer On UC Davis Police Force

Nov. 18, 2011: Occupy protesters get sprayed at University of California Davis.
YouTube

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The Two-Way
9:35 am
Wed August 1, 2012

Heir To Billions Pleads Guilty To Keeping Dead Wife's Body At Home

Eva Rausing, right, and her husband Hans Kristian Rausing in 1996.
Alan Davidson AP

In London today the Swedish heir to a fortune worth billions of dollars pleaded guilty to "preventing the lawful and decent burial of his wife" and the court heard that Eva Rausing's body may have been lying beneath "bin bags, clothing and bed linen" for as long as two months, the BBC reports.

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The Torch
9:13 am
Wed August 1, 2012

Kristin Armstrong Wins Second Straight Gold Medal In Olympic Time Trial

Kristin Armstrong rides on her way to winning the women's individual time trial at the London 2012 Olympic Games.
Alex Livesey Getty Images

Originally published on Wed August 1, 2012 2:41 pm

Kristin Armstrong has successfully defended her gold medal in the Olympic time trial, winning the race held in Surrey, England. Armstrong finished the 18-mile course in 37:34.82, nearly 16 seconds ahead of Judith Arndt of Germany, who won the silver.

Olga Zabelinskaya of Russia won bronze, seven seconds behind Arndt. American Amber Neben came in sixth, at 38:45.17. Britain's Elizabeth Armitstead, the silver medal winner in the road race, was tenth.

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The Two-Way
9:13 am
Wed August 1, 2012

Employers Added 163,000 Jobs In July, Survey Suggests

There was a 163,000-gain in the number of jobs on private payrolls in July, according to the latest ADP National Employment Report.

That's down from an estimated 172,000 boost in June (a number revised slightly from ADP's previous report of a 176,000-increase for that month).

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