Originally published on Wed June 13, 2012 10:00 am
"This portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. As a result, we have let a lot of people down, and we are sorry for it."
That's part of JPMorgan Chase President and CEO Jamie Dimon will tell the Senate's Committee on Banking, Housing and Urban Affairs tomorrow, when it looks into the botched trades that lost the bank $2 billion. Chase released Dimon's prepared remarks this afternoon.
Venezuela's President Hugo Chavez arrives atop a truck at the elections office in Caracas on Monday. Chavez addressed thousands of supporters as he formalized his re-election bid. Chavez's younger daughter Rosines is by his side, and on his right is his brother Adan.
Credit Juan Barreto / AFP/Getty Images
Thousands of Chavez followers took to the streets of Caracas for Monday's rally.
Federal authorities arrested seven people, today, in connection with what authorities say was a multi-million dollar money laundering operation run by Mexican drug cartel Los Zetas.
The scheme allegedly used the millions earned through the illicit drug trade to purchase, train, breed and race American quarter horses in the United States. The Department of Justice said 14 had been indicted; among them is Zetas leader Miguel Ángel Treviño Morales and his brothers Oscar Omar Treviño Morales and José Treviño-Morales.
Democrats knew that they would be disadvantaged under the new campaign finance rules created by the Supreme Court. But the disparity between the amount of money Republicans can raise in unlimited anonymous donations and what the Democrats have been able to raise is huge.
Members of the U.N. observers mission in Syria visit wounded soldiers and policemen at Tishreen Military Hospital in Damascus on May 23. Casualties among Syrian government forces are rising sharply.
Credit Deborah Amos / NPR
Col. Abdul Kareem Mustapha, 51, is being treated at Barzeh military hospital in Damascus. He was wounded in the Syrian capital Tuesday during an ambush by armed men in taxis that killed one of his fellow passengers.
Syrian activists have posted thousands of videos of civilians killed and wounded in the 15-month-old conflict. But there have been many casualties on the government side as well, and they are on display at a military hospital in the capital, Damascus.
For Abdul Kareem Mustapha, a 51-year-old colonel in the Syrian army, the war came for him at 8:15 a.m. on his way to his military post.
Elinor Ostrom, the only woman ever to win an economics Nobel, died today at age 78.
She was famous for challenging an idea known as the tragedy of the commons — the theory that, in the absence of government intervention, people will inevitably overuse a shared resource.
So, for example, if a village shares a pasture, it's in the individual interest of each farmer to graze his cattle as much as possible on the pasture even though, in the long run, overgrazing may ruin the pasture for everyone.
In the middle of California's driest desert is the Salton Sea, the state's largest lake. Once a popular tourist destination, the storied salty and toxic lake nestled in the Imperial Valley has been slowly shrinking over the years.
A water transfer deal passed in 2003 could speed up that process, and some are now worried it could be an environmental and health disaster for the region.
Standing near the Salton Sea's receding shoreline on a recent day, 75-year-old Ed Angel points to a ragged patch of desert with dying palm trees.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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And I'm Audie Cornish. Attorney General Eric Holder was called to testify on Capitol Hill today where Republicans on the Senate Judiciary Committee skewered Holder. They challenged his ability to oversee a rigorous investigation of national security leaks. They demanded more information about the botched gun operation known as Fast and Furious, and they even called for Holder's resignation. NPR's Carrie Johnson reports.
Former pitcher Roger Clemens leaves a federal court in Washington, D.C., on Tuesday. His fate is in the hands of a jury that will decide whether the former pitcher lied about his use of performance-enhancing drugs.
The Roger Clemens perjury case is in the hands of the jury now. The panel of eight women and four men began deliberations late Tuesday, after prosecution and defense lawyers made their final arguments.
While the star pitcher's defense called the case "outrageous," prosecutors charged that Clemens chose to lie, mislead and impede a congressional investigation when he testified about performance-enhancing drugs.
The music made by Thomas Wesley Pentz, better known by his stage name, Diplo, is one part club-music mashup and one part pop music forecast. In 2009, he took bubblin' — a syncopated house style born in the clubs of Holland — as inspiration and collaborated with fellow DJ Switch, his partner in the group Major Lazer, to make the dance-floor hit "Pon de Floor." But he wasn't done with the bubblin' sound yet. In 2011, he used that song as basis for "Run the World (Girls)," a single by the pop star Beyonce.
In this handout from the Seminole County Sheriff's Office, Shellie Zimmerman, wife of George Zimmerman, the man accused of shooting Trayvon Martin, is seen in a police mug shot on Tuesday in Sanford, Florida.
George Zimmerman has been charged with second degree murder in the shooting death of teenager Trayvon Martin, a 17-year-old African-American. George Zimmerman, a neighborhood watch volunteer, has claimed he acted in self defense.