Now, today is an important day for more than 40,000 salaried retirees of General Motors. They're facing a major financial decision. This evening marks the deadline for accepting a pension buyout.
Michigan Radio's Tracy Samilton explains.
TRACY SAMILTON, BYLINE: The GM retirees have two choices: either take a lump-sum payment - which can range from 400,000 to $800,000 - or their pensions will be shifted from GM's books to the private insurance company Prudential.
And today's last word in business is: Sylvia - Sylvia Woods, the name behind soul food haven Sylvia's.
RENEE MONTAGNE, HOST:
It's a restaurant, and for many, it's much more. The Harlem institution has been around for half a century, but it will never be the same because yesterday, Sylvia Woods died at the age of 86, on the same day New York Mayor Michael Bloomberg was due to celebrate her legacy.
Mention Louisiana Gov. Bobby Jindal, and a lot of people still remember his 2009 Republican response to President Obama's first address to Congress. In a voice often compared to Kenneth the Page on 30 Rock, Jindal addressed viewers across the nation as if they were primary school students.
While severe drought is taking hold in the Midwest, Texas is doing better. At this time last year, the state was on fire, crops were desiccated in the field and livestock were slowly starving. But recent rains have almost ended more than a year of record drought.
"If you look at the way we were thinking and feeling on the last July 16, that was desperation. That was despair," says Gene Hall, public relations director for the Texas Farm Bureau.