Jurors in the insider trading case of Rajat Gupta heard closing arguments on Wednesday. Gupta is the former head of McKinsey and Company, and a close associate of Raj Rajaratnam, the hedge fund manager who was convicted of insider trading last year.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
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And I'm Audie Cornish. The chief executive of JPMorgan Chase, Jamie Dimon, went to Capitol Hill today. There, he tried to explain his company's recent multibillion-dollar trading losses, but he did not try to defend them. That's because he told the Senate Banking Committee the losses were indefensible. Dimon also said his company may try to recover some of the compensation paid to the traders who were responsible. NPR's Jim Zarroli reports.
Yesterday was hatchet day at the New Orleans Times-Picayune and three Alabama newspapers all owned by the same company. About 600 people found out they were being laid off.
In New Orleans, nearly half the Times-Picayune newsroom is being let go. What this means is that the city will no longer have a daily paper. They'll publish three times a week. The focus will shift online to the website, NOLA.com.
The online service for short-term rentals in private homes known as Airbnb got a boost when it was featured at the recent Apple conference. But the company has also drawn in attention in cities like San Francisco, where legal concerns over everything from liability and safety to upset landlords have led to scrutiny. Audie Cornish speaks with Fast Company reporter Austin Carr about what Airbnb is up against.
Colorado's High Park Fire northwest of Fort Collins has topped 46,000 acres, making it one of the largest wildfires in the state's history. It's also destroyed more than 100 buildings. But firefighters are beginning to gain ground and have started containing the blaze.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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And I'm Audie Cornish. A full year after Missouri River flood waters ravaged homes, businesses and farms in the Great Plains, the cleanup goes on - as does the battle over how to prepare for future floods. Some want the Missouri controlled for navigation. That means more water held back upriver. But others, looking to protect endangered species, want the river to flow more freely.
At 15, Mia Schaikewitz was a star on her high school swim team, when a blood vessel ruptured in her spine and left her paralyzed from the waist down. In 1992, Auti Angel was a professional hip hop dancer when the impact of a car crash severed her spinal cord and left her a paraplegic.
Schaikewitz and Angel are two of four friends featured on the new Sundance Channel reality show Push Girls, which hopes to defy the stereotypes of women in wheelchairs.
Along with saying, again, that his bank "let a lot of people down" when it lost more than $2 billion, JPMorgan Chase CEO Jamie Dimon added this prediction during his testimony before the Senate Banking Committee this morning:
At Misty Cargill's funeral, the minister called her an advocate for other people with intellectual disabilities. She was — although a reluctant one.
Cargill became an advocate when NPR did a story about her fight to get a life-saving kidney transplant. Misty, 30, died in her sleep on Saturday. She was on a list to get that transplant when she died.
I come not to praise the Burger King bacon sundae, nor to bury it. I come merely to point out that sometimes, the particular flavor of contempt with which you choose to address something is as important as the contempt itself.
Originally published on Wed June 13, 2012 12:49 pm
If you think only farmers care about the farm bill currently being considered by Congress, you're very, very mistaken.
The measure will not only set policy and spending for the nation's farms for years to come, but it will also affect dozens of other seemingly unrelated programs — all at a cost of nearly $1 trillion over the next decade. Following are a few questions and answers about the massive legislation:
Why is it called the farm bill, and where did it come from?