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9:20am

Mon August 22, 2011
The Two-Way

Raise My Taxes? Not So Fast, Retired CEO Tells Warren Buffett

Justin Sullivan Getty Images

Here's one wealthy man's response to billionaire Warren Buffett's recent op-ed piece that made the case for raising taxes on the wealthy. Harvey Golub, former CEO of American Express, disagrees:

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9:04am

Mon August 22, 2011
Around the Nation

Greek Yogurt Sales Rise In U.S. Dairy Aisles

Earlier this summer, Goldman Sachs and the Swiss bank UBS downgraded the stock rating for the food company General Mills from "buy" to "neutral."

One of the main reasons? Greek yogurt — the growing popularity of the thick and tangy dairy product is changing consumer tastes and the yogurt industry.

Hamdi Ulukaya comes from a long line of dairy farmers in Turkey, and he says the first time he tried yogurt in America, he did not approve.

"I was just surprised that, there was so much sugar in there. It was so much preservatives and colors," he says.

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8:59am

Mon August 22, 2011
Planet Money

Banks Borrowed $1.2 Trillion From The Fed During The Financial Crisis

We now know exactly how much banks and financial institutions borrowed from the Federal Reserve during 2008 financial crisis — $1.2 trillion. According to Bloomberg, that's enough $1 bills to fill "539 Olympic-size swimming pools."

The biggest borrower, Morgan Stanley, got $107.3 billion, Citigroup and Bank of America followed close behind with $99.5 billion and $91.4 billion respectively.

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8:28am

Mon August 22, 2011
The Two-Way

Contaminated Vinegar Suspected In Death Of 11 Chinese

China is facing yet another case of contaminated food. This time authorities believe vinegar tainted with antifreeze is responsible for the death of 11 Muslims who ingested it at a Ramadan meal.

Reuters reports that the vinegar was stored in plastic barrels that contained antifreeze. Reuters adds:

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7:53am

Mon August 22, 2011
The Two-Way

Martin Luther King Memorial Opens To The Public

Today, a memorial to he civil rights leader Martin Luther King opened to the public. The official dedication is on Sunday but visitors to the National Mall in Washington, D.C. can see the 30-foot sculpture today.

The memorial is the first honoring an African American and the first honoring a person who did not serve as president. The Washington Post describes the memorial like this:

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