"Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc. and Procter & Gamble, was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam," Bloomberg News writes.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, we open up our mailbox and hear from you about the stories we've covered this week. That's called BackTalk, and it's in just a few minutes.
But, first, it's time for Faith Matters. That's the part of the program where we talk about matters of faith and spirituality. And today, we talk about that big meeting of the American Catholic bishops. They're wrapping up their annual meeting in Atlanta today and they had a lot on their agenda.
I'm Michel Martin, and this is TELL ME MORE, from NPR News. Coming up, America's Catholic bishops are meeting in Atlanta this week. They're asking whether reforms meant to protect kids from sexual abuse are working and they're facing questions about whether they're crossing the line from principled to partisan in their fight against the Obama administration's contraception mandate. We'll talk about all of that in just a few minutes.
The Obama administration is announcing a major change in immigration policy this morning. It affects people who are brought to the U.S. as children illegally. Beginning immediately, these young people can avoid deportation and will be allowed to work in this country. The move could affect as many as 800,000 undocumented residents 30 years old or younger.
Joining us now to talk about the move is NPR's Scott Horsley. He's at the White House. And Scott, who exactly is affected?
More than 200 pages worth of details about accusations made against Secret Service personnel since 2004 has been released. The accusations concern "claims of involvement with prostitutes, leaking sensitive information, publishing pornography, sexual assault, illegal wiretaps, improper use of weapons and drunken behavior," The Associated Press reports.
Important note: the list apparently deals with accusations, not confirmed cases of misconduct.
We'll pass along more about this as the story develops.
The European Central Bank "is on standby to keep banks flush with liquidity" if Greeks effectively vote on Sunday to support politicians who want to reject austerity measures and pull the nation out of the eurozone, The Financial Times writes this morning.
The ECB joins "a global chorus of central bankers pledging support ahead of Sunday's elections," the FT adds.
Originally published on Wed June 20, 2012 11:42 am
The economy has so much going for it: low inflation, low interest rates, affordable homes, falling gasoline prices and 27 straight months of job growth. Good times, no?
The economy is slowing, but not because of current conditions. The slowdown reflects the fear of what may be coming next. Economists say employers and investors are paralyzed by the uncertainty surrounding three huge problems: one in the United States, another in Europe and the third in China.