Morning Edition

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RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renée Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. China's economic growth has slowed down to a three-year low. That's according to new figures released today. The numbers matter to us because of the way the world economy is so interconnected. Americans import a lot from China, sure, but have also been working to boost exports to other nations, including China.

NPR's Louisa Lim joins us from Beijing to make sense of the latest news. Hi, Louisa.

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STEVE INSKEEP, HOST:

NPR's business news starts with a warning about LIBOR.

It came years ago. We now know that Treasury Secretary Tim Geithner pointed out problems with the way that London's key interest rates were set. He did this in 2008, in the midst of the financial crisis at the time he was head of the New York Federal Reserve.

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RENEE MONTAGNE, HOST:

And the biggest bank in the U.S., JPMorgan Chase, says it has lost $4.4 billion from its failed hedging strategy involving a secretive trader. That's more than twice the bank's earlier estimate. The company released its second-quarter earnings report this morning, and NPR's Jim Zarroli is with us now to talk about them. Jim, what is the company telling investors this morning about that money?

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STEVE INSKEEP, HOST:

Some future news now. The Olympics begin two weeks from today in London, and we can already tell you the likely big winners. China will take the most gold medals, followed by the U.S. and host country, Great Britain. Team USA will win the most overall medals, followed by China and Russia.

RENEE MONTAGNE, HOST:

Some of the most interesting discoveries in archaeology come from sifting through ancient garbage dumps. Scientists working in Oregon have found one that has yielded what they say are the oldest human remains in the Americas and a puzzle about the earliest American tools.

Early Americans used Oregon's Paisley Caves for, among other things, a toilet. Little did they know that scientists would be picking through what they left behind.

County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.

Europe is struggling, thanks to a relentless debt crisis. Compounding its problems: It is not one country, but 17.

Many observers agree that to solve their problems, those countries have to start looking a lot more like one country. And there is a force in Europe trying to make that happen: the European Central Bank. The weapon it has that everyone else lacks? Money.

Easy Money is a fine title for a film, but to truly savor the tang of this top-drawer Scandinavian thriller, try rolling its original Swedish title off your tongue. Say hello to Snabba Cash.

Director Daniel Espinosa starts his splendid crime story all in a rush, throwing us right into the middle of a trio of chaotic situations.

Introduced first is Jorge, a Chilean living in Sweden — in fact in a Swedish prison. Making his escape, Jorge promptly goes into hiding, as much from other local bad guys as from the police.

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STEVE INSKEEP, HOST:

Good morning. I'm Steve Inskeep. Prosecutors say no cats were harmed in the making of this news story. A man in Tacoma, Washington told a sad tale. He was involved in a car crash and two years later he said that collision had killed his cat named Tom. He filed a $20,000 insurance claim. But now, according to KOMO, he's been accused of fraud. Authorities say the cat never existed. The man allegedly backed up his claim with cat photos from the Internet. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.