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  • At their conventions, the parties presented varying visions of America — as an entrepreneurial paradise where hard work, innovation and prudence are all that matters, and as a communitarian paradise where racial, national and religious differences are subsumed in a surge of shared success. Voters must decide which resonates most and why.
  • Other banks did make progress erasing $1.3 billion of mortgage principle through loan modifications.
  • Republicans have strong language opposing same-sex marriage in their official platform. While some Log Cabin Republicans are discouraged, others think the vehement opposition they are facing is a sign they're making progress.
  • The Wiconi Wawokiya, Inc. shelter serves more than 350 victims of domestic violence, sexual assault and child abuse.
  • Drought across the country has led to spiking corn prices, forcing a growing number of ethanol plants around the country to temporarily close down. As a result, there is a growing call for suspending a federal mandate on biofuel and freeing up corn for feed.
  • The more than $3.5 billion deal was signed during a visit to China by German Chancellor Angela Merkel.
  • Republican Vice Presidential nominee Paul Ryan addressed the Republican National Convention last night. Steve Inskeep talks with Politico's Jonathan Martin about how Congressman Ryan became Mitt Romney's choice for vice president.
  • So far, the banks have offered more than $10 billion in consumer relief, in the form of refinancing, modifications and loan forgiveness. Bank of America must pay the biggest share of the settlement, But the report showed the bank had not completed any refinancings or principal-reduction modifications.
  • Rep. Paul Ryan demonstrated in his convention speech that he's a true believer, much like two previous politicians he has sought to emulate: Ronald Reagan and Jack Kemp. Kemp's economic ideas were controversial decades ago, but they've gained new life in the vice presidential nominee's budget plan.
  • Ashrita Furman wants to build a tennis racket the size of a bus, and show it off at the U.S. Open. It's so big, he was told it's considered a building so he would need a permit.
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