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Detroit in default, a conservative professor in a liberal habitat, lazy days on Wall Street
Today’s news and an explanation of Detroit's bankruptcy and the precedent-setting value of history's largest municipal Chapter 9 filing, plus: a misfit journalism professor, a look at Dollars and Sense, and more.
Monday morning news
Sunday political talk TV: a debate over NSA leaker Edward Snowden, Republicans answer president's criticism for continuing to fight Obamacare, Congress skeptical of Pentagon plan to prosecute military sex offenders, top GOP senator assails White House on Egypt and threatens congressional cut off of aid to Cairo.
Business: Gas prices plunge on near "glut" of oil supply.
Religion: Copts face harsh oppression from Islamist gangs amid Egypt's chaos.
Legal Docket: Explaining Detroit's bankruptcy
Not only was last month's bankruptcy filing the largest so far; it is also likely to set precedent others will have to follow. Our legal-affairs correspondent explains.
A journalism professor out-of-step with in liberal academia
TW&E special correspondent profiles 82-year-old Gene Burd, an associate professor in the School of Journalism at the University of Texas at Austin. He got his first job as a reporter in 1953 and began teaching in 1959.
Dollars and sense
Warren Cole Smith reports on the lazy days of summer on Wall Street.