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Sensitivity around the flag is not just a matter of identity - it is enshrined in Hong Kong's law. The region's constitution contains strict that govern how the flag can - and should - be used. When flown alongside the national flag, for instance, Hong Kong's ensign should always be to the left, and smaller in size. It must also be flown at half-staff if certain prominent mainland figures die, or if the Chinese government 'advises' the Chief Executive (currently the embattled Carrie Lam) to do so.

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CNN NEWSROOMPenn State's Unprecedented Penalties; Massacre Suspect in Court; NCAA Announces Penn State Penalties; $60 Million Fine Against Penn State; Investors Worry About Spain's Bailout; Gun Control and the 2012 Race; The Psychology of Mass KillersAired July 23, 2012 - 09:00 ETTHIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.ZORAIDA SAMBOLIN, CNN ANCHOR: Happening now in the NEWSROOM, unprecedented penalties.

The NCAA hitting Penn State right now with a huge fine. We will soon learn of the penalties that await the university.Day in court. Accused Colorado shooter James Holmes appearing in court in just hours, using a secret underground tunnel to go before the judge.

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And this morning we're learning more about Holmes' past and what police found in his apartment.Jackson mystery. Michael's mother Katherine reported missing this weekend tells police in Arizona that she is fine. The grandkids who have lived with her wondering where she is. A missing persons report was even filed. Inside the strange and really bizarre story, straight ahead.And power right in your wallet.

A new iPhone charger the size of a credit card saves you when you run out of juice. We'll show it to you in 20 minutes.NEWSROOM begins right now.Good morning, I'm Zoraida Sambolin sitting in for Carolyn Costello.And just moments from now Penn State faces its next staggering blow in the Jerry Sandusky scandal. The NCAA is about to announce its punishment for the school's cover-up of the child sex abuse. And the penalties are described as unprecedented.CNN's Mark McKay is in Indianapolis where the NCAA is holding its news conference. He joins us now by phone.What can you tell us?MARK MCKAY, CNN SPORTS CORRESPONDENT (via phone): Zoraida, we're meeting to hear from NCAA president, Mark Emmert, and from Ed Ray, the chairman of the NCAA's executive committee, followed by a question and answer session here at NCAA headquarters in Indianapolis. And we're expecting to hear being termed significant and unprecedented penalties on Penn State University. One source familiar with the case told CNN what we will hear, that Penn State will be hit with fines in excess of $30 million.

Reports are also circulating that Penn State University will lose a number of football scholarships and may be prevented from going to future bowl games. How many will be answered in just a few minutes as we're awaiting the news conference - Zoraida.SAMBOLIN: All right, Mark McKay, live for us in Indianapolis.

We'll - we'll check in with you when we get new developments.And also new this morning, the first court appearance of the Colorado man accused of last week's shooting rampage inside a theater. Twenty- four-year-old James Holmes is likely to face first-degree murder charges for the 12 people killed at that midnight showing of the new Batman movie. Of the 58 people wounded, eight victims remain in critical condition.