Morning Edition

Mitt Romney's presidential campaign is in damage control mode after an article in The Washington Post accused the candidate of bullying in high school. Romney says he does not remember the incidents. Several of his classmates independently recall him going after students who seemed different, vulnerable or effeminate.

The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.

Every day there's a new economic indicator. Some are up. Some are down. And all are spun by the political parties.

U.S. homeownership rates have fallen to their lowest point since 1997, despite the homebuyer tax credit and enduring rock-bottom interest rates. Two years ago on Morning Edition, we profiled two couples who were renting with no regrets. Have they changed their tune?

According to a survey by the National Retail Federation, mothers will be treated to a little more this holiday. All told, American consumers are expected to spend about $18.6 billion on the moms, stepmoms or grandmas in their lives.

Every spring, high school students descend on the headquarters of the New York Federal Reserve, a few blocks from Wall Street in downtown Manhattan. They compete to see who does the best impression of a central banker.

The High School Fed Challenge is a big deal. Schools like Montclair High in Montclair, New Jersey have multiple rounds of tryouts just to get on the team. Then they practice for months.

Transcript

STEVE INSKEEP, HOST:

A report says in 2010, 38 percent of 911 calls in New York City were accidental calls lasting just seconds. Most, according to the New York Daily News, appear to be calls made from pockets or purses. There were actually more of these calls than calls that warranted a response by a police car.

Hairstyling icon Vidal Sassoon has died at the age of 84. He first earned acclaim for creating hair cuts that needed little styling.