The Two-Way
11:10 am
Fri June 29, 2012

Stockton, Calif., Files For Bankruptcy

Among the projects that have helped put Stockton in the red: this downtown multiplex, which opened in 2003 and cost $15 million in public and private money.
Ian Hill KQED

The city of Stockton, Calif., has officially filed for Chapter 9 bankruptcy protection, The Stockton Record writes.

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Shots - Health Blog
10:56 am
Fri June 29, 2012

Supreme Court Health Care Ruling Prompts Foot Race In Press Corps

Mark Wilson Getty Images

Originally published on Fri June 29, 2012 6:37 pm

There were winners and losers in the journalistic race to get out the news of the Supreme Court's momentous ruling upholding the administration's health care law Thursday.

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Around the Nation
10:47 am
Fri June 29, 2012

How To Avoid Bankruptcy (If You're A City)

A headline in The Record newspaper in Stockton, Cailf., tells the story of the city's plan for operating under Chapter 9 bankruptcy protection following failed talks with bondholders and labor unions.
Justin Sullivan Getty Images

The city of Stockton, Calif., filed for federal bankruptcy protection Thursday, becoming the largest city in U.S. history to do so.

Some worry it's part of a wave. Six other municipalities have filed for bankruptcy protection this year. That's roughly on track with last year's pace, which saw 13 bankruptcies — the most in two decades.

A wave of municipal bankruptcies could be the country's next big financial crisis, several Wall Street analysts have warned.

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The Two-Way
10:41 am
Fri June 29, 2012

On The Morning After, Who's The Winner Is Everybody's Guess

Susan Clark (left) argues with another protester about the Affordable Care Act outside the U.S. Supreme Court on Thursday.
Kris Connor Getty Images

Originally published on Fri June 29, 2012 12:38 pm

Figuring out who benefits most politically from Thursday's Supreme Court decision that upheld the constitutionality of President Obama's health care overhaul seems to be today's toughest assignment.

On It's All Politics, our colleague Frank James says it's "difficult to overstate how big a win" it was for Obama.

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Planet Money
9:46 am
Fri June 29, 2012

A Baby Step Toward A United States Of Europe

Spot the metaphor.
Oli Scarff Getty Images

Originally published on Mon July 2, 2012 10:20 am

If the euro is to survive, the eurozone needs to be more like one country, and less like a bunch of different countries that happen to sit on the same continent.

European leaders just took a baby step in that direction. They agreed to create a banking union. Like many things in global finance, this sounds boring but is actually a pretty big deal.

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The Two-Way
9:45 am
Fri June 29, 2012

Whew! Today's Weather Map Is Hot; The Nation Is Baking

Today's forecast. The redder it is, the hotter it will be.
National Weather Service

Originally published on Fri June 29, 2012 2:42 pm

One look at the National Weather Service's national temperature map today pretty much tells the story.

It's going to be broiling across most of the continental U.S. today and in may places through the weekend.

As The Associated Press says, "if you're feeling hot this week, it's not a mirage." More than 1,000 municipalities have set new high temperature records in the past week or so and more are coming.

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Movie Reviews
9:37 am
Fri June 29, 2012

A Boy And His Bear, At Large In A Man's World

Ted (voiced by writer-director Seth MacFarlane) and Johnny (Mark Wahlberg) share a laugh in Ted. The talking teddy bear got his powers when 8-year-old Johnny wished upon a falling star for Ted to speak.
Universal Pictures/Tippett Studio

Originally published on Fri June 29, 2012 10:26 pm

Seth MacFarlane is known mostly for creating, writing and directing the animated TV show Family Guy. In the show, he also voices Peter and Stewie Griffin, and their dog, Brian.

With his new movie, Ted, he has moved to the big screen for the first time, again creating, writing and directing. And though it's a live-action picture, he has again voiced one of the characters — the titular teddy bear, whom I tried to resist but couldn't.

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It's All Politics
9:04 am
Fri June 29, 2012

Roberts' Ruling Recalls Other Moments When High Court Shocked The Nation

The U.S. Supreme Court on the eve of a hearing about the Florida presidential election recount, Nov. 30, 2000. The justices later ruled 5-4 in the case of Bush v. Gore, effectively deciding the outcome of the presidential race.
Alex Wong Getty Images

Originally published on Fri June 29, 2012 10:41 am

You may already have made a mental note as to where you were when you heard the Supreme Court had upheld the health care law known as Obamacare. It's one of those moments that become touchstones of our memory, personal connections to the history we have witnessed in our lifetimes.

The Supreme Court may not be the source of such moments very often, but when its rulings reach this level of our awareness, they alter the course of our lives.

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The Two-Way
8:36 am
Fri June 29, 2012

Syrian Opposition Says 190 Civilians Killed In Deadliest Day So Far

"Syrian opposition groups that track casualties reported on Friday that the previous day was the deadliest so far this year, and possibly in the entire Syrian uprising, with as many as 190 civilians killed in a 24-hour period," The New York Times is reporting.

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The Two-Way
8:11 am
Fri June 29, 2012

Europe's New Deal Has Markets Cheering

German Chancellor Angela Merkel talks with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti (right) during the summit of European leaders in Brussels.
Bertrand Langlois AFP/Getty Images

Originally published on Fri June 29, 2012 4:25 pm

"European stocks rallied after policy makers eased repayment rules for Spanish banks, relaxed conditions for possible aid to Italy and unveiled a $149 billion growth plan for the region's economy," Bloomberg News reports this morning. "U.S. index futures and Asian shares also rose."

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