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DAVID GREENE, HOST:

OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.

Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.

DAVID WESSEL: Good morning.

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DAVID GREENE, HOST:

The U.S. Open concluded yesterday at the Merion Golf Club, just outside Philadelphia. And for American Phil Mickelson, this was another case of always the bridesmaid, never the bride. Mickelson finished as runner-up at the Open for a record sixth time, despite leading for most of the tournament. In the end, it was England's Justin Rose who took the prize, winning his first major tournament.

And for a recap of all the drama, we reached USA Today sports columnist Christine Brennan, who covered all the action. Hey, Christine.

Jordan is hosting major military exercises known as Eager Lion 2013. More than 15,000 soldiers from 18 countries, including the U.S., will be participating. The war games kicked off as Syria's civil war rages next door.

President Obama is in Northern Ireland Monday — the first stop on a three-day European visit that includes a G-8 summit meeting and a side trip to Berlin.

The president begins his tour with a speech in Belfast, celebrating Northern Ireland's peace process and urging young people in the country to keep it moving forward.

Later, Obama joins leaders of other industrial countries at a remote golf resort in County Fermanagh for talks on Syria, trade and the global economy.

Call it the Affordable Care Act, call it Obamacare, call it whatever you want — it's coming. And soon. In less than four months people without health insurance will be able to start signing up for coverage that begins Jan. 1.

A lot has been said about the law, most of it not that understandable. So starting now, and continuing occasionally through the summer and fall, we're going to try to fix that.

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RENEE MONTAGNE, HOST:

Good morning, I'm Renee Montagne.

The European Union is a big fan of traveling pets. It has pet passports that allow them to travel through all the member states. Still, until this week there was a limit. Travelers could only take up to five pets across the borders. Now, thanks to a pet-loving member of the EU Parliament, those who prefer to travel with herds of animals are now free to roam, as long as they're heading for a competition or a sporting event.

It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

The company sent the pope two motorcycles and a leather jacket. The occasion is a gathering of bikers in Vatican City this weekend hoping for a blessing of the motorbikes.

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And that brings us to our last word in business, which is: Luxury pavement.

In Boston's Back Bay neighborhood, real estate is expensive and space is tight.

LINDA WERTHEIMER, HOST:

And so it was that a bidding war broke out there yesterday. According to the Boston Globe, the price for the item in question started at $42,000.

MONTAGNE: And was bid up to a final price $560,000 - which got the winners two parking spots on crumbling asphalt in an alleyway.

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RENEE MONTAGNE, HOST:

NPR's business news starts with a man, a plan, a canal.

(SOUNDBITE OF MUSIC)

MONTAGNE: Not Panama this time. This canal is in Nicaragua. Yesterday, the Nicaraguan congress granted a Chinese tycoon the exclusive right to develop a multi-billion dollar rival to the Panama Canal. The bill grants the investor 50 years of control over the potential shipping route - pending a study of its viability. Transcript provided by NPR, Copyright NPR.

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RENEE MONTAGNE, HOST:

This is MORNING EDITION, from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer. The Obama administration has shifted policy on Syria with an announcement, last night, that it will step up support for rebels who've been losing ground in recent weeks. The White House says it will start providing direct military support to rebel commanders.

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LINDA WERTHEIMER, HOST:

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LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

They're calling it the Road to Majority. It's the third annual meeting of conservative religious activists with the Faith and Freedom Coalition. The conference is underway now in Washington, D.C. Its stated aim: To boost the conservative vote for next year's midterm election.

As NPR's David Welna reports, it's also a platform for Republican stars eyeing the White House in 2016.

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In Syria's ally Iran, people are voting for president today. It is Iran's first presidential election since the stunning vote in 2009. Back then, a surprisingly early declaration of victory for President Mahmoud Ahmadinejad sparked a wave of protests, followed by years of government repression. This time around, six candidates are contending for power amid widespread skepticism about the election, and intensive security on the streets.

Kevyn Orr will ask unions, retirees and banks to take big losses on debt the city just can't afford to pay. But Orr is walking a fine line trying to convince those parties to accept a bankruptcy-style settlement, without actually going to bankruptcy court — at least, not yet.

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In Maine, the state's effort to keep tabs on its black bear population is getting some help from a group of college kids. The program has undergraduate students capturing bears, running tests on them, and attaching tracking devices before releasing them back into the wild.

Maine Public Radio's Jay Field went along on a recent expedition into the woods.

"Oh, I checked every place in town, and they were outrageous," says Shannon Kelly. "It would be anywhere from $4[00] to $500, and I just don't have that right now."

Kelly had just walked into Rent N Roll, a rent-to-own tire store in Ocala, Fla. She was looking to rent a set of tires for her truck. Tire rental stores like this one have been around for a while, but until recently, most of their customers rented fancy rims. These days, it's becoming more common for the stores to rent simple tires to people who don't have the cash to buy tires outright.