For the first time ever, the United States Postal Service has defaulted on a payment to the Treasury.
The USPS warned of a default in a statement on Monday. It it would not make the $5.5 billion payment due today and that it would also default on a $5.6 billion payment due Sept. 30. Both of those payments are federally mandated and go toward prefunding retiree health benefits.
Good morning. Things are hopping at the London Games, with 20 medal events today. And conversations are still buzzing about the scandal in Olympic badminton, over players intentionally throwing matches. Here are some highlights from this morning's news:
- The U.S. women's quadruple sculls team has won a bronze medal, ending a 28-year American medal drought in the sport. It's also only the second U.S. medal.
The Olympics are a quest to be the best. But some Olympians are accused of purposely playing badly at badminton. The Badminton World Federation has launched disciplinary proceedings against four women's doubles pairs. First, the world champions, who are Chinese, faced off against opponents from South Korea. And spectators started booing when the players seemed to be making simple errors on purpose.
The Badminton Eight: That's the media's new nickname for the Olympic athletes disqualified Wednesday in a match-fixing scandal at the London Games. They are, from top left: South Korea's Kim Ha Na, Ha Jung-Eun, Kim Min-Jung and Jung Kyung-Eun. Bottom: Indonesia's Greysia Polii and Meiliana Jauhari, and China's Wang Xiaoli and Yu Yang.
Originally published on Wed August 1, 2012 11:08 am
Eight Olympic badminton athletes have been thrown out of the London Games after being charged by the Badminton World Federation with "not using one's best efforts to win a match" — which is against the rules of the sport. Because even some journalists may have forgotten badminton's rules, it seemed time to take a fresh look.
In London today the Swedish heir to a fortune worth billions of dollars pleaded guilty to "preventing the lawful and decent burial of his wife" and the court heard that Eva Rausing's body may have been lying beneath "bin bags, clothing and bed linen" for as long as two months, the BBC reports.
Originally published on Wed August 1, 2012 12:41 pm
Kristin Armstrong has successfully defended her gold medal in the Olympic time trial, winning the race held in Surrey, England. Armstrong finished the 18-mile course in 37:34.82, nearly 16 seconds ahead of Judith Arndt of Germany, who won the silver.
Olga Zabelinskaya of Russia won bronze, seven seconds behind Arndt. American Amber Neben came in sixth, at 38:45.17. Britain's Elizabeth Armitstead, the silver medal winner in the road race, was tenth.