Penn State Football Penalty, Program Outlook

July 23 (Bloomberg) -- Patrick Rishe, founder and director of Sportsimpacts, talks about the NCAA's penalties against Pennsylvania State University for the school's handling of a child sex-abuse case involving former assistant football coach Jerry Sandusky. The university was fined $60 million and avoided the stiffest punishment, a shutdown of the football program that was at the center of the scandal. The school also was stripped of all its wins from 1998 through 2011, barred from postseason games for four years and lost 20 total scholarships annually for four seasons. Rishe talks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
How Migrants Built an Economy in Calais' Tent City
04:50 - Amid the hundreds of tents and makeshift shelters of Calais' sprawling migrant camp, a micro economy has emerged. Shops, restaurants and even a nightclub have sprung up, adding a shred of normality to a precarious, and often dangerous, existence. Bloomberg's Tom Mackenzie reports.
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