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JP MORGAN CHASE HAS LOTS OF EXPLAINING TO DO. Some Say CEO May Have To Go.
Dimon is no diamond and is in for rough times, as largest US bank reports a loss from a highly-publicized trading mistake has grown to $4.4 billion. This is more than double what was originally announced.

SEXUAL ABUSE SCANDAL. Paterno Legacy In Doubt?
A report is claiming that Penn State football coach concealed since 1998 what he knew about Sandusky's sexual abuse of children. This may may be an indelible stain, while some feel the late coach got a raw deal.

NO COMMENT BY SAUDIS. On Female Olympians.
Saudi Arabia is sending women athletes to the Olympics for the first time. In Saudi Arabia's media, there's not even a mention.

ECUADOR'S INVESTMENT. Return Home
That government is offering $250,000 scholarships to students accepted at the world's top 50 universities as long as they devote two years to government service for each year of state-paid education.

"AMERICAN IDOL". Ratings Are Idle.
Steven Tyler is leaving, Jennifer Lopez is talking about it, and the TV talent contest field keeps getting more crowded and competitive as their TV ratings begin to slide.