Earlier this year, the pension plan of a U.S. territory in the Pacific Ocean became the first public U.S. pension fund to file for bankruptcy. The fund — for the Commonwealth of the Northern Mariana Islands — had been in financial trouble for years, largely because the government of the islands hadn't kept up with the payments it was required to make into the fund.
And here's a reminder of how TV is adjusting to the modern world. Trey Parker, a creator of the animated comedy series "South Park," spoke in Los Angeles at the big E-3 video game industry conference yesterday. And Parker poked fun at the ever wired world of digital entertainment.
You might say there's a tectonic shift going on in morning television. TV critic Eric Deggans says that ABC's "Good Morning America" is doing something that seemed unthinkable for more than a decade: it is rocking NBC'S "Today Show" off its ratings pedestal.
ERIC DEGGANS: Even "Today" show co-host Matt Lauer admits it.
MATT LAUER: The show is not where I want it to be right now. The ratings are not where I want them to be right now.
And our last word in business this morning is: Jubilation.
Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.
Facebook's stock has fallen more than 25 percent since the company went public less than a month ago. What was hyped as the biggest technology IPO in history has quickly become a black eye for both Wall Street banks and Facebook itself.
But that does not necessarily mean that the company will move quickly to appease investors, as NPR's Steve Henn explains.
STEVE HENN, BYLINE: Nelly Sia-Palm(ph) bought $1,000 dollars in Facebook stock on its very first day of trading.
Republican Gov. Scott Walker faces Milwaukee Mayor Tom Barrett in a recall election Tuesday that has attracted a lot of outside money. The attempt to remove Walker came after he successfully pushed to limit collective bargaining rights for public sector unions.
Hollywood studios are dealing with big budget flops and the release of G.I. Joe: Retaliation has been postponed until March. Kim Masters, host of The Business, and editor at large for The Hollywood Reporter, talks to Renee Montagne about the summer woes at movie studios.
The massacre in the place known as Houla has kept worldwide attention on the relentless violence in Syria. Western countries and the United Nations blame Syrian government troops and pro-government thugs for killing more than a hundred people, nearly half of them children. NPR's Kelly McEvers made a closer examination of those events and found that's only part of the picture.