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Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.
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sports lead
LeBron James spreads the basketball brand, and the brand of LBJ, in China
Every year, when LeBron James makes his annual trip to China, it is like Beatles-mania, without the Moe Howard haircuts.
The NBA's MVP visits China to spread the basketball brand, and shill for Nike in the fastest growing market in the world.
But as CNN's Rachel Nichols reports, he is also there to spread the brand of LBJ.
world lead
7.3 quake strikes off Japan; no tsunami threat
(CNN) - A 7.3 magnitude earthquake rumbled early Saturday in the Pacific Ocean about 200 miles east of Japan's main island, the U.S. Geological Survey reported.
The Japanese Meteorological Agency issued a tsunami advisory for the Japanese coastal areas including the Fukushima prefecture, warning people to leave the coast."
money lead
Alan Greenspan defends legacy from harsh criticism
Former Federal Reserve Chairman Alan Greenspan is out with a new book, "The Map and the Territory: Risk, Human Nature, and the Future of Forecasting." The book has already garnered some harsh reviews, particularly from liberal progressive writer David Dayen, who wrote in The New Republic Tuesday, "Anyone who’s paid attention to the economy the past few years knows how ridiculous it is to fete Greenspan, the main architect of the policies that led to the Great Recession."
Dayen suggests Greenspan shares the blame with JPMorgan Chase for duping investors into purchasing mortgage-backed securities that were stuffed with garbage loans because his “allergy to regulation and unshakeable belief in the virtues of the free market led him to ignore the bubble and its risks, infusing investors and consumers with confidence that the run-up in home prices was perfectly normal.”
"This is not an American bubble. The housing bubble looks the same whether you're going to Canada, Australia or any of 20 other countries. We're somewhere in the middle," said Greenspan.
"The critical question that we all missed is when it would break, and one of the things I demonstrate basically in the book is you cannot determine that," said Greenspan.
FULL POST
pop lead
The Lead Read: 'From Scratch: Inside the Food Network'
When the first Food Network president, Maurice "Reese" Schonfeld, told his wife about his concept of a 24-hour food channel, she said it was "the worst idea I ever heard." That was 20 years ago. Today, the network is a multi-billion dollar industry.
Schonfeld was also the first president of CNN.
"Reese was a guy who thought of Food Network as CNN with stoves. His idea was to tape many, many new cooking shows every day on an extremely low budget," said Allen Salkin, author of the new book "From Scratch: Inside the Food Network."
"No one thought this was a good idea, it wasn't just his wife. It took about six or seven years before anybody actually started watching the network," said Salkin.
FULL POST
politics lead
Roundtable: The kabuki of calling for Sebelius's resignation
The White House now has a technical plan to fix the healthcare.gov website that they say will have everything running smoothly by the end of next month.
But what's the political fix going to look like? Right now, it will likely not include the resignation of Health and Human Services Secretary Kathleen Sebelius, at least, not if she has anything to say about it.
FULL POST
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