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  • The Bacardi company will soon start selling a new version of Havana Club Rum, competing with a rum made in Cuba under the same name. The fight over which is the genuine Havana Club foreshadows battles likely to come in Cuba in the post-Castro era.
  • President Bush signs sweeping new pension reforms. Olivia Mitchell, Executive Director of the Pension Research Council at the Wharton School, explains how pension plans work for employees and employers. She also talks about the problems that arise when a company doesn't set aside enough money to pay off those promises.
  • Think of it as malpractice insurance for fire bosses. U.S. Forest Service managers are buying liability insurance policies to protect themselves if they are investigated or prosecuted for their decisions about fires.
  • Fighting in Lebanon between Israel and Hezbollah continues unabated, with Israel destroying two major buildings in Beirut on Monday night. An offer by the Lebanese government to send 15,000 of its own troops into the country's south was termed "interesting" by Israel's prime minister.
  • Sunnis are forming their own militias, offering a monthly wage of $700 (with extra for hazardous duty pay). Their goal is to defend Sunni shrines and politicians against Shiite fighters.
  • The Lebanese military begins deploying into south Lebanon to police the cease-fire between Israel and Hezbollah guerrillas. But Hezbollah is already there, making a major effort to help refugees return home and repair the damage left by Israeli attacks.
  • Questions are being raised about BP's maintenance practices after a corroded pipeline forced the company to halt oil production at Prudhoe Bay, Alaska. BP says it was surprised by the extent of the pipeline problem. Critics say the company is not as vigilant as it should be.
  • A family of the big hawks is nesting in the Chesapeake Bay yard of commentator Terrence Smith. He is amused by their antics -- and pleased to see that they've come roaring back after suffering ill effects from DDT in the 1960s.
  • In the former Soviet republic of Georgia, clashes have broken out between government forces and paramilitaries loyal to a local warlord. Georgia claims the rebellion is inspired by its neighbor Russia as a plot to destabilize the country. Russia denies the claim.
  • One week into the month-long World Cup tournament, extremes of soccer are on display: The United States had an abysmal performance against the Czech Republic, while Spain, Argentina, and Ecuador have shown excellence.
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