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The Record
4:08 pm
Fri July 27, 2012

The Race To Create A Music Superlabel Still Faces Hurdles

Chairman and CEO of Universal Music Group Lucian Grainge (left) and Roger Faxon, the CEO of EMI Group, testify during a Senate Judiciary subcommittee hearing on Universal's proposed merger with EMI.
Alex Wong Getty Images

Originally published on Tue September 18, 2012 7:26 pm

It's been a tough decade for the music industry. Revenues have tumbled — from more than $14 billion in 1999 down to $7 billion last year. EMI, one of the big four record labels, was taken over by venture capitalists and then taken over again, after they defaulted, by Citigroup. Now, Universal Music Group wants to buy the recorded music division of EMI for $1.9 billion. But critics say if the two companies merge it will create a superlabel that will dominate the music industry.

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Shots - Health Blog
4:07 pm
Fri July 27, 2012

A Walk Through The AIDS Conference's Global Village

"You've been condomized!" said Joy Lynn Alegarbes, of The Condom Project, which promoted safe sex at the 19th International AIDS Conference. The group handed out more than 850,000 condoms this week.
Benjamin Morris NPR

Originally published on Fri July 27, 2012 5:04 pm

The 19th International AIDS Conference is wrapping up today in Washington, and it's been an exciting one.

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Planet Money
4:03 pm
Fri July 27, 2012

Losing With LIBOR: One Trader's Story

London-based Barclays Bank agreed to pay a $453 million fine over charges it manipulated the London Interbank Offered Rate — LIBOR — a key global interest rate.
Oli Scarff Getty Images

Originally published on Fri July 27, 2012 6:02 pm

We've been talking a lot lately about what's been dubbed the "LIBOR rate fixing scandal," where some of the biggest banks in the world have been accused of manipulating a key global interest rate.

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The Torch
4:01 pm
Fri July 27, 2012

London Opens Up, In Danny Boyle's 'Warm-Up Act' For The Summer Olympics

Animals and actors enter the stadium for the British meadow scene prior the opening ceremony of the London 2012 Olympic Games on Friday.
Franck Fife AFP/Getty Images

Originally published on Fri July 27, 2012 6:33 pm

Every recent opening ceremony of the Olympics went for glitter and glamour, in an escalating war of excess. Ceremony fanatics consider the Beijing opening ceremony the gaudiest of all — and Oscar-winner Danny Boyle (the director of Slumdog Millionaire) had $42 million to try to outdo the Chinese organizers.

Instead, Boyle says, "You can't get bigger than Beijing. So that, in a way, kind of liberated us. We thought, 'Great. Oh good. We'll try and do something different, then.' "

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Economy
3:57 pm
Fri July 27, 2012

Will A Slowing GDP Nudge The Fed To Do More?

Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee July 18. Economists expect Fed policymakers to consider further steps to boost growth when they meet next week.
J. Scott Applewhite AP

The Commerce Department's latest report confirms that economic growth was as lousy this spring as you suspected it was.

Now the question is: Can anyone do anything to make it better in the year's second half?

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The Salt
3:30 pm
Fri July 27, 2012

Seven Strange Food Museums To Spice Up Your Summer Travel Plans

A tunnel timeline showcasing the history of instant ramen at the Momofuku Ando Instant Ramen Museum in Osaka, Japan.
Travis Sanders Flickr

Originally published on Mon October 22, 2012 11:33 am

The Olympics begin this afternoon, and the stores are filling up with school supplies, meaning that you only have a few more weeks to fit in a summer vacation. And if you'd like to add a quirky food-themed museum to your getaway plans, The Salt has compiled a few suggestions that are certainly off the beaten path.

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The Two-Way
3:29 pm
Fri July 27, 2012

Court Documents: Alleged Colorado Shooter Was Seeing Psychiatrist

James Holmes in a photograph taken by police during his booking.
Arapahoe County Sheriff

Originally published on Fri July 27, 2012 3:56 pm

Court documents filed today by the defense team of the alleged Colorado shooter reveal for the first time that James Holmes was seeing a psychiatrist.

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The Torch
3:02 pm
Fri July 27, 2012

Legally Blind Archer Sets World Record At London 2012 Games

Archer Im Dong-hyun (right) of South Korea inspects his target after breaking the world record during the men's ranking round Friday.
Paul Gilham Getty Images

As we've reported, there were no public events on the Olympic sporting schedule today, the day of the opening ceremony. But we must note that two world records were set at the London 2012 Games this morning. That's when South Korean archer Im Dong-hyun scored a record 699 points.

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The Two-Way
3:00 pm
Fri July 27, 2012

Maryland Police Arrest 'A Joker' They Say Threatened To 'Blow Everybody Up'

A photo released by Prince George's County (Md.) police of the weapons seized.
Prince George's Police Department

Police in Prince George's County, Md., "have arrested a man who [they say] referred to himself as 'a joker' and threatened to shoot people at his former workplace," The Washington Post's The Crime Scene blog writes.

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Shots - Health Blog
2:49 pm
Fri July 27, 2012

The Value Of HIV Treatment In Couples

Dr. Lisa Sterman holds Truvada pills at her office in San Francisco. The drug was recently approved by the Food and Drug Administration to prevent infection in people at high risk of infection with HIV. The pill, already used to treat people with HIV, also helps reduce the odds they will spread the virus.
Jeff Chiu AP

Dr. Rochelle Walensky thinks the 19th International AIDS Conference will be remembered as the moment when the world began to mobilize to end the pandemic.

The Harvard researcher probably speaks for many of the 23,000 scientists, activists and policy mavens who came to the Washington conference. But they're going home with a big question on their minds: Can the world afford it?

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