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MICHEL MARTIN, HOST:

This is TELL ME MORE, from NPR News. I'm Michel Martin. Coming up, the NCAA has leveled severe penalties against Penn State for failing to stop former assistant football coach and convicted sexual predator Jerry Sandusky. We'll have the latest on that story in a few minutes.

The NCAA laid out severe penalties against Penn State University today - in light of a child rape scandal. The school's football team has been banned from post-season play, docked scholarships, fined heavily, and stripped of past victories. Michel Martin discusses the penalties with Sports Illustrated's Pablo Torre.

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STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.

Penn State says it accepts the sanctions announced this morning by the NCAA. College sports' governing body announced punitive sanctions against Penn State University after the child sex abuse scandal that has tainted the reputation of the football program and the former coach, the late Joe Paterno. Penn State will be fined $60 million and lose 14 years of victories, from 1998 to 2011, among other penalties. Here's the NCAA president, Mark Emmert.

If you think you've been hearing more about product recalls lately, you have. But if "recall fatigue" is setting in, you need to shake it off for this one: Cargill Beef Solutions is announcing a recall of about 30,000 pounds of fresh ground beef from a Pennsylvania plant because of possible contamination with Salmonella Enteritidis.

Whistling polymath Andrew Bird has become a perennial favorite of folk-pop aficionados and classical fans alike. As a trained violinist and a longtime touring musician, he has a way of expertly melding many genres and influences into his own unique brand of baroque pop. Showcasing his impressive skills with the violin, guitar, mandolin, glockenspiel and vocals, Bird is a picture of versatility.

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STEVE INSKEEP, HOST:

By now you may have heard the news - the NCAA, which governs college sports, has penalized Penn State University's football program for overlooking or covering up the abuse of children, the Jerry Sandusky scandal.

We're going to talk about this now with our regular sports commentator, Frank Deford, who's on the line. Hi, Frank.

FRANK DEFORD, BYLINE: Good morning, Steve.

The 2012 Summer Olympics in London starts in four days with the carefully choreographed opening ceremony. But a related spectator sport is already well underway: Dissecting the economic impact of the games.

A show we did in February looked at how big an economic boost cities really get from hosting the Superbowl, and much of the same analysis is being applied to this year's games.

Stocks fell sharply on Wall Street this morning as traders reacted to word that Europe's debt crisis may be deepening and that China's economy may slow, Bloomberg News says.

The Dow Jones industrial average was down more than 200 points, or a little less than 2 percent, after an hour of trading. Other indices were also off.