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Growing scandal has forced "an extraordinary reversal of fortune" for Rupert Murdoch. We talk with Carl Bernstein and others about gathering news by hacking cell phones and bribing police -- and the shaky position of British Prime Minister David Cameron.  Also, debt negotiations devolve, and Roundup and the Monarch Butterfly.

Banner image: Rupert Murdoch, Chief Executive Officer of News Corp, smiles at photographers as he is driven from News International's headquarters on July 13, 2011 in London, England. Photo by Peter Macdiarmid/Getty Images

Making News Debt Negotiations Devolve 7 MIN, 25 SEC

Another high-level meeting was planned for the White House this afternoon, but it's considered unlikely to break the stalemate over taxes, spending and raising the debt limit by August 2. Senate Minority Leader Mitch McConnell has a new idea: let President Obama raise the limit all by himself. Carol Lee is White House reporter for the Wall Street Journal.

Carol Lee, Wall Street Journal (@carol_e_lee)

Main Topic Murdoch's Media Empire Exposed 36 MIN, 57 SEC

Rupert Murdoch's troubles in Britain are escalating fast. Since closing his News of the World, he's had to buy back stock in his News Corporation, to keep up its value. Today, he abandoned plans to take full ownership of British Sky Broadcasting, which the BBC calls "a huge humiliation" and "extraordinary reversal of corporate fortune." The scandal over NOW cell phone hacking and bribery has been reported for years by the Guardian, but not much by anyone else. Then, last week, the paper revealed that its editor-in-chief had warned Prime Minister David Cameron not to hire Andy Coulson, who resigned from NOW because of the scandal. How much did Murdoch know about reporters breaking the law to get juicy stories? Did his executives lie to investigators? Has News Corp violated British or American laws? What does the scandal reveal about the culture of news in Britain and in the US, where News Corp owns the New York Post, Fox News and the Wall Street Journal?

Alan Rusbridger, Guardian Newspaper
Roger Cohen, Columnist for the New York Times; Foreign editor for three years (@NYTimesCohen)
Carl Bernstein, Author, journalist and the investigative reporter
Jake Bernstein, ProPublica

Reporter's Notebook Will Roundup Resistant Crops Be the End of the Monarch Butterfly? 6 MIN, 11 SEC

In the Midwest, neat rows of modified corn and soybeans are free of unruly patches of milkweed. The crops are resistant to the herbicide Roundup. But the destruction of milkweed may have an unintended consequence: the end of annual migrations of the Monarch butterflies, a phenomenon dear to lovers of nature. The Monarch is so beloved one entomologist calls it "the Bambi of the insect world." Andrew Pollack covers the business and science of biotechnology for the New York Times.

Andrew Pollack, New York Times

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