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Montgomery Education Foundation's Brain Forest Summer Learning Academy was spotlighted Wednesday at Carver High School.  The academic-enrichment program is for rising 4th, 5th, and 6th graders in the Montgomery Public School system.  Community Program Director Dillion Nettles, says the program aims to prevent learning loss during summer months.  To find out how your child can participate in next summer's program visit Montgomery-ed.org

A police officer is free on bond after being arrested following a rash of road-sign thefts in southeast Alabama.  Brantley Police Chief Titus Averett says officer Jeremy Ray Walker of Glenwood is on paid leave following his arrest in Pike County.  The 30-year-old Walker is charged with receiving stolen property.  Lt. Troy Johnson of the Pike County Sheriff's Office says an investigation began after someone reported that Walker was selling road signs from Crenshaw County.  Investigators contacted the county engineer and learned signs had been reported stolen from several roads.

NPR Politics presents the Lunchbox List: our favorite campaign news and stories curated from NPR and around the Web in digestible bites (100 words or less!). Look for it every weekday afternoon from now until the conventions.

Convention Countdown

The Republican National Convention is in 4 days in Cleveland.

The Democratic National Convention is in 11 days in Philadelphia.

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The Senate is set to approve a bill intended to change the way police and health care workers treat people struggling with opioid addictions.

My husband and I once took great pleasure in preparing meals from scratch. We made pizza dough and sauce. We baked bread. We churned ice cream.

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Parents are busy. For some of us, figuring out how to get dinner on the table is a daily struggle. So I reached out to food experts, parents and nutritionists for help. Here is some of their (and my) best advice for making weeknight meals happen.

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Police in Baton Rouge say they have arrested three people who stole guns with the goal of killing police officers. They are still looking for a fourth suspect in the alleged plot, NPR's Greg Allen reports.

"Police say the thefts were at a Baton Rouge pawn shop early Saturday morning," Greg says. "One person was arrested at the scene. Since then, two others have been arrested and six of the eight stolen handguns have been recovered. Police are still looking for one other man."

A 13-year-old boy is among those arrested, Greg says.

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Google's Earnings Released Prematurely, Stock Drops

Oct 19, 2012
Originally published on October 23, 2012 1:03 pm

Transcript

DAVID GREENE, HOST:

Yesterday was the kind of day executives at Google would probably like to delete. Trading of the Internet giant's shares was temporarily halted after the company's earnings were released accidently and prematurely. What's worse, the numbers were not anything Google would want to show off. The earnings reports showed profits last quarter fell by more than 20 percent. Here's NPR's Steve Henn.

STEVE HENN, BYLINE: By the time Google's co-founder and CEO Larry Page kicked off Google's earnings call yesterday at 1:30 in the afternoon Pacific time, there was a lot to talk about. But...

(SOUNDBITE OF PHONE CALL)

LARRY PAGE: As you can hear, my voice is still hoarse so I'll going to keep my remarks reasonably short.

HENN: Page has been battling voice problems for months. But yesterday a hoarse voice was the least of his worries. Google had planned on releasing its third quarter earnings after the stock market closed. But instead, someone somewhere at the company Google pays to print its financial documents clicked send a little too soon and without warning, a draft of Google's earnings report popped up on the Security and Exchange Commission's website, right in the middle of the trading day. And what was worse - at first glance Google's quarterly results looked terrible. Profits fell 20 percent.

The price of Google's Web search ads had fallen 15 percent from a year earlier. Expenses were up, sharply. And Motorola Mobility, which Google bought earlier this year, lost more than half a billion dollars in just three months.

In seconds, Wall Street investors began to sell. Within minutes, Google stock shed more than 10 percent of its value. And within the hour Google asked to temporarily suspend trading. But by then its shareholders had lost more than $19 billion - at least on paper. Here's Larry Page on a call with analysts yesterday afternoon.

(SOUNDBITE OF PHONE CALL)

PAGE: I'm sorry for the scramble earlier today.

HENN: In a raspy, halting voice, Page defended Google's financial performance.

(SOUNDBITE OF PHONE CALL)

PAGE: We had a strong quarter. I am really happy with our business.

HENN: He boasted that gross revenue shot up, and even though Google is just 14 years old, it brought in $14 billion in the last three months.

(SOUNDBITE OF PHONE CALL)

PAGE: Not bad for a teenager.

HENN: But a lot of that new revenue came from Motorola, and although Motorola sells lots of phones, it's not creating any profit. In fact, last quarter Google announced it was laying off thousands of Motorola employees.

PATRICK PICHETTE: That said, we are just at the beginning of the Motorola Google story.

HENN: Patrick Pichette is Google's chief financial officer.

PICHETTE: Our team has made a lot of operational changes. We are really pleased with Motorola's progress in the first 150 days.

HENN: And while growth in Google's core business - search and advertising - has slowed a bit, Clark Fredrickson, who follows Google at eMarketer, says it's nothing to fret about.

CLARK FREDRICKSON: The bottom line is that Google is in a very strong position in the marketplace. Google now holds more share than any other company in each of the U.S. online search display and mobile advertising markets.

HENN: And all of these markets are still growing - fast. Google sold 33 percent more search ads this year than last. Google overtook Facebook in online display advertising. And Google earns more money on mobile ads that all other tech companies combined.

FREDRICKSON: Google dominates the U.S. mobile ad market.

HENN: But Fredrickson says mobile is a bit of a mixed blessing for an advertising company.

FREDRICKSON: Consumers in general are a little bit less likely to make large purchases and purchases in general on their phones.

HENN: That means advertisers pay less on average for ads that show up on mobile devices. As people spend more and more time surfing the Web on smartphones, that has pushed the average price Google gets for a single ad down. But Fredrickson believes as consumers get more accustomed to shopping with their phones, that will change. He thinks mobile ads could quickly become much more valuable, and Google, he says, is well positioned to profit. Steve Henn, NPR News, Silicon Valley. Transcript provided by NPR, Copyright National Public Radio.