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World Bank
NPR's Kathleen Schalch reports that the World Bank will not make a controversial loan to China to settle 58,000 poor farmers on land that Tibetans consider sacred. Pro-Tibetan activists hail the decision as a victory. The resettlement project was opposed by human rights groups as well as the United States. Bank directors let the loan die after refusing a recommendation from Bank president James Wolfensohn to further assess the project's social and environmental impact. China said it would finance the resettlement on its own.
E - Hong Kong
NPR's Rob Gifford reports that Hong Kong, in response to its experience during the Asian economic crisis is trying to diversify its economy. The city has become rich over the years on the basis of real estate speculation and finance. Now, it is building a huge cyberport in hopes of turning Hong Kong into the internet hub of Asia. The problem is that internet startups are based on speculation and wild speculation is what got Hong Kong into trouble during the Asian economic crisis.
The Case For Missile Defense
Robert talks to Defense Secretary William Cohen, about tonight's test, and the pros and cons of developing a missile defense system.
The Williams and Wimbledon
Host Bob Edwards talks with commentator John Feinstein about the match between the Williams sisters and the happenings at this year's Wimbledon Tournament.
<i>Celebrity Gardeners</i>
In the first part of a summer series on celebrity gardens, NPR gardening expert Ketzel Levine visits actor John Spencer at his home in Bel Aire, California and tours his garden. Spencer is a transplant from New Jersey, and he favors roses, delphiniums, hollyhocs, and the like. Levine points out that those plants don't appear as healthy as the ones that are native to Southern California.
Economy
Fewer jobs than expected were added to company payrolls in June. That's further evidence that the U.S. economy is slowing down a bit. The number of new jobs grew by a scant 11,000 during the month -- excluding the number of temporary government workers hired to help with the census. The news gave stock and bond prices a lift. Investors are hoping that the latest report will persuade the Federal Reserve that it no longer needs to raise interest rates. NPR's Jim Zarroli reports.
Bond Prices on the Rise
NPR's Jim Zarroli reports economic growth is slowing which means that bond prices are on the rise. Economists believe that growth will slow down during the later half of the year.
Democratic Platform
Democrats charged with writing a platform for their party and their presidential nominee met in St. Louis today to hear ideas and discuss policy. The platform committee is led by elected officials known as centrists within the party, and their mission is to craft a document that Vice President Al Gore will be comfortable talking about. NPR's Anthony Brooks reports.
High Electric Bills
Scott Horsley of member station KPBS in San Diego reports the first region in California to completely deregulate its electric industry is now facing sky-rocketing electricity bills. Consumer advocates in San Diego have asked state officials to re-impose price controls after the price of electricity more than tripled this year.
Gore Stump Speech
We hear a portion of a stump speech by Vice President Al Gore to the National Council of La Raza in San Diego, California earlier this week.
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