OK. The athletes gathering in London for the opening of the Olympics are after gold, and also after green. Forbes estimates that sponsorships will earn swimmer Ryan Lochte almost $2 million. And even athletes who are not superstars can pick up cash. Here's Ilya Marritz of member station WNYC.
ILYA MARRITZ, BYLINE: Lashinda Demus is a 29-year-old mother of twins living in Los Angeles, and currently, she's the fastest 400 meter woman hurdler in the world. Also, she's promoting Greek yogurt.
We imagine high-powered lawyers making plenty of money, and surely many do, but the American Bar Association has revealed a bit of a secret. A huge number of new law school graduates cannot find jobs as lawyers. The weak job outlook, coupled with high tuition, is prompting many students to think twice about law school. Enrollments are falling. NPR's Wendy Kaufman reports.
In this country, there's an ingredient that's key to the success of new oil and gas technologies. That crucial ingredient is ordinary and plentiful, but only found in a few places and obtaining it almost always causes friction.
From Wisconsin, Laurie Sterns dent us this report.
If there is a founding ethos in the world of high-tech startups, it's this: The idea is everything. Facebook's initial public offering might have seemed like the perfect illustration. A simple concept, conceived by a college student, became a $100 billion empire in just 8 years.
For weeks, Democrats have been trying to call voters' attention to the financial dealings of Mitt Romney, the presumptive Republican presidential nominee.
Supporters of President Obama, the Democratic Party's candidate, have been suggesting that Romney has exploited tax shelters and offshore accounts to build and protect his wealth in ways that average taxpayers would never be able to do.
They are demanding Romney release many years of tax returns.
As Mitt Romney has faced questions about his investments and tax returns, the likely Republican presidential nominee has responded with two words of explanation: blind trust.
Romney keeps most of his wealth in a blind trust designed to prevent him from knowing exactly where his money is and what it's doing. It's a long tradition for presidents and candidates, though anyone can set one up if he wants to.
But it turns out that not all blind trusts are equally blind. Some are cast into complete and utter darkness. Others are more nearsighted.
Given a choice between $50 now and $100 in a month, many people would take the money now. But offered $50 in a year, or $100 in 13 months, they'd wait the extra month to double their money.
The lesson: People have a "present bias," says Frank Partnoy, a professor of law and finance at the University of San Diego. "So people have more impatience in a one-month time period than they do in a one-year time period."
In June, Apple announced that the iPhone's virtual personal assistant, Siri, had learned Chinese. The smartphone's operating system will feature Chinese search engine Baidu, plus popular video sites like Youku. Today the newest iPad arrives in China.
Now, today is an important day for more than 40,000 salaried retirees of General Motors. They're facing a major financial decision. This evening marks the deadline for accepting a pension buyout.
Michigan Radio's Tracy Samilton explains.
TRACY SAMILTON, BYLINE: The GM retirees have two choices: either take a lump-sum payment - which can range from 400,000 to $800,000 - or their pensions will be shifted from GM's books to the private insurance company Prudential.
In Spain, hundreds of thousands demonstrated in scores of cities yesterday, protesting austerity measures meant to pull the government out of the red. Sales tax is going up, and civil servants are taking pay cuts. All this as Europe readies a bailout of Spain of up to $125 billion.
Lauren Frayer reports from Madrid.
(SOUNDBITE OF CHANTING)
LAUREN FRAYER, BYLINE: About 100,000 Spaniards flooded Madrid's center once the sun went down on another 100-degree day.