NPR's business news begins with another bad day for Chinese stocks.
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GREENE: The major indexes in China closed down more than five percent - making it the worst day of losses since 2009. And the plunge reverberated, weighing down markets across Asia. The losses we apparently caused by the Chinese government's ongoing attempt to reform its banking system. It's using high interest rates to cut down on risky loans, making access to cash very tight. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Renee Montagne. You can spend tens of thousands on a liberal arts degree, or just buy a fake diploma. The artist David Hockney's fake diploma is expected to sell at auction this week for up to $27,000. He created it in 1962 when he was denied a real degree by the Royal College of Art because he refused to write a final essay. And who know? The work of a famous artist might end up worth more in the long run than a real diploma.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning, I'm David Greene with a story that perfectly fits the headline: only in Russia.
A 23-year-old in the north of that country was looking to find some scrap metal. You know, to make an extra buck. So he stole a small metal bridge which he took home and cut up with a welding torch. Authorities looking for the culprit and the missing pedestrian bridge didn't have to search very hard. He had dragged the bridge with his tractor, leaving a trail all the way to his house.
Technology really does seem to make the world smaller, and this morning, we'll hear this morning how that applies to protest movements. Turkey saw a fresh wave of anti-government demonstrations over the weekend.
RENEE MONTAGNE, HOST:
And in Brazil, the president is holding an emergency meeting today on how to respond to protests sweeping that country. An estimated quarter of a million Brazilians were on the streets yesterday, with a wide range of grievances.