Morning Edition

The Federal Reserve has announced three of China's largest state-owned banks have been given approval to expand their operations in the U.S. Analysts say that ICBC, China investment Corp., and Central Huijin Investment will likely look to purchase regional U.S. banks and establish a footprint in the American market.

A new study from the Pew Charitable Trusts finds economic mobility differs significantly across the United States. The report finds Americans are more likely to move up the economic ladder if they live in the northeast.

Yves Klein made his project "FC1" with water, a blowtorch and two models. The women pressed their wet figures against a fire-resistant board, then stepped away. Afterward, Klein torched the board — an effect that left behind blurry silhouettes of models.

Transcript

DAVID GREENE, HOST:

Good morning, I'm David Greene.

In the history of Major League Baseball, only 15 players have hit four homeruns in a single game. Well, last night, Texas Rangers slugger Josh Hamilton became Number 16. He hit four balls out of the park at Camden Yards in Baltimore. Orioles' fans weren't happy. Hamilton's Rangers were trouncing their team. Still, they gave Hamilton a standing ovation as he took his place in center field in the eighth inning. As Hamilton put it, that let's you know they are true baseball fans.