We've reported on the stories Bloomberg has released about the Federal Reserve. We also noted the story that is under the microscope currently in which Bloomberg said that over the course of less than two years, the Federal Reserve had guaranteed about $7.77 trillion in order to rescue the financial system and that it did not disclose the specifics of some loans to Congress.
In terms of weather, 2011 has made it into the record books. The National Oceanic and Atmospheric Administration announced that during this year, there have been 12 different weather disasters that cost more than $1 billion. The previous record was nine in 2008.
A few more facts from NOAA:
-- "These twelve disasters alone resulted in the tragic loss of 646 lives, with the National Weather Service reporting over 1,000 deaths across all weather categories for the year."
A couple of years ago, NPR's Robert Siegel had a 5-year-old kid moment.
He was in the new wing of a hospital watching a workman put up drywall and, as drywall installers are wont to do, the workman reached the top of the wall by walking on stilts.
The 5-year-old inside the radio host was suddenly enchanted by the thought of stilts, so Siegel set out to learn more; first through Google, then from Joe Bowen, who walked more than 3,000 miles across the country on stilts in 1980.
Andreas Georgiou was picked last year to run Greece's statistical agency. He promised more accurate financial data. He has won praise, though now he is under investigation following claims the country's budget deficit was artificially inflated.
Greece fudged its budget numbers to enter the euro club, and its reputation as a source of accurate financial figures never really improved. As the country's financial crisis has worsened, the joke about its suspect fiscal numbers comes with the punch line, "lies, damn lies ... and Greek statistics."
The country sought to improve its standing last year when it created a new and independent statistical service, the Hellenic Statistical Authority.
The new and ever-changing world of social networking has blurred the lines between private and public, work and personal, friend and stranger. It's becoming a particular challenge for teachers who can quickly rile students and parents by posting comments or photos online.
In some cases, teachers have been fired for statements they've made on Facebook, which is raising free speech issues.
This summer, NPR told the story of a young man in Syria who worked a regular job by day and was a protester by night. At the end of that story, the activist made a prediction that was later tweeted to thousands of people: "One day my time is coming. Until the world realizes what's happening in Syria, they will try and get us all."
As the Egyptian elections roll on over the course of several more weeks, the incoming parliament looks likely to be dominated by Islamists. But the two leading Islamist blocs have little in common and are doing their best to undermine each other.
The Muslim Brotherhood and Salafists do not get along in Alexandria's working-class slum of Abu Suleiman. Outside one polling station, the tension is thick as campaign workers for each group's political party hand out fliers.
Cold War historian John Lewis Gaddis is a professor of military and naval history at Yale University. He is also the author of <em>The Cold War: A New History </em>and <em>We Now Know: Rethinking Cold War History.</em>
For much of the Cold War, George F. Kennan was America's best-known diplomat and a leading Soviet scholar. His reputation was based in large part on the 1947 essay he wrote on containment, the Cold War policy that said the U.S. should neither forcefully confront nor meekly appease the Soviets.
Rather, the U.S. should seek to contain Soviet expansion, power and influence in the belief that the communist system would eventually collapse on its own. The U.S. largely adhered to Kennan's road map until the Soviet Union crumbled in 1991.
When the euro was set up in the late 1990s, the Stability and Growth Pact clearly spelled out the criteria for membership: Countries could not have huge debts, and they needed to keep deficits small. And there was no question — the rules explicitly excluded a little country named Greece.
"If you asked someone in Europe whether Greece would join the eurozone, the answer would have been you are mad, " says Loukas Tsoukalis with the Hellenic Foundation for European and Foreign Policy.
To many a mom, you can't go much lower than a Twinkie. The famous snack sort of epitomizes nutritional bankruptcy.
So now we learn that breakfast cereals such as Kellogg's Honey Smacks are even worse — in terms of sugar content — than a Twinkie. One cup of the cereal has 20 grams of sugar, compared with 18 grams in the cake. (The recommended serving size on the label is three-fourths of a cup.) Well, that gets our attention.
Originally published on Wed December 7, 2011 3:14 pm
Italian police had to drill into a concrete bunker underground to get to Michele Zagaria. As NPR's Sylvia Poggioli tells our Newscast unit, the arrest of the mob boss is "huge."
Sylvia adds that Michele Zagaria "is the head of one of the bloodiest clans of the Neapolitan mafia called the Camorra and they've been involved in an enormous number of illegal activity. Probably the most prominent is the illegal transport and disposal of toxic waste, which has become a huge problem in the whole Naples area."
The attack on Pearl Harbor 70 years ago this December set in motion a series of battles in the Pacific between the Japanese and the United States. The turning point in the Pacific came in June of 1942, when the U.S. surprised and defeated the Japanese fleet in the Battle of Midway.
That decisive victory was possible, in large part, because of the work of a little-known naval codebreaker named Joe Rochefort. His work deciphering codes revealed the details of when and how the Japanese planned to attack and handed a tremendous advantage to the U.S. Pacific Fleet.
Iowa Republican Charles Grassley took to the Senate floor Wednesday to declare that a senior Justice Department official "needs to go immediately" for allegedly misleading Congress in its 11-month-old investigation of a gun trafficking operation gone bad.
"It's past time for accountability at the senior levels of the Justice Department," Grassley said. "That accountability needs to start with the head of the criminal division, Lanny Breuer."
In a 15-minute speech, Grassley set out two main reasons for demanding Breuer's ouster.
Newt Gingrich, whose run for president nearly derailed earlier this year when many of his top staffers quit, now sits atop the polls. As a result, his campaign organization is growing. Here, he arrives at a town hall meeting last week in Staten Island, N.Y.
Credit Michael Nagle / Getty Images
A Gingrich supporter shows off a campaign button at a town hall meeting in New York.
Back in June, the news out of the Newt Gingrich presidential campaign was dire.
Top staffers quit over differences about strategy, with some citing doubts about the candidate's seriousness — especially when he and his wife went on a cruise to the Greek Islands while his rivals stumped through New Hampshire and Iowa.
But now it's December, and Gingrich suddenly sits atop the polls. As a result, his organization is growing — as is the campaign brain trust. But Gingrich's most important adviser remains himself.
Originally published on Wed December 7, 2011 4:29 pm
Multiple media outlets, including the AP and CNN, are reporting that former Penn State assistant coach Jerry Sandusky has been arrested again, as new charges of sexual molestation have emerged.
Sandusky is already facing 40 counts related to the sexual assault of children. Sandusky has said repeatedly that he is innocent, but the case has engulfed the Penn State football program in controversy.
Originally published on Wed December 7, 2011 2:01 pm
Harry Morgan, who came into our living rooms as Col. Potter in M*A*S*-H, as Officer Bill Gannon in Dragnet and in guest star roles on other TV series from Murder, She Wrote to The Love Boat, has died. He was 96.
The Associated Press reports that the actor's daughter-in-law, Beth Morgan, said he died at his home in Brentwood, Calif., after a bout with pneumonia.
In a surprising twist, the Obama administration has overruled the Food and Drug Administration and will not allow teenage girls to buy the emergency contraceptive Plan B One-Step without a prescription.
The decision punctuates one of the longest-running public health sagas in recent memory. The FDA had decided that a version of the morning-after emergency contraceptive pill could be sold without a prescription regardless of the age of the buyer.
Despite news of terrorist bombings, U.S. troops in Iraq and Afghanistan, and crackdowns in Syria, two recent books argue the world has never seen so little war and violence. Steven Pinker, author of The Better Angels of Our Nature, and Joshua Goldstein, author of Winning the War on War, discuss.
Roughly one-third of Egyptians voted in that country's first round of parliamentary elections, the first since Hosni Mubarak's ouster last spring, and Islamist parties scored big wins. The Muslim Brotherhood's Freedom and Justice Party, considered Egypt's mainstream Islamic party, announced today it won 40 percent of the votes, while the ultra-conservative Salafists surprised many by winning about a quarter of the vote. Those victories and that of the Salafists in particular leave many liberal Egyptians and foreign observers deeply worried.
Newt Gingrich has risen to the top of the polls at a pivotal moment. With less than one month until the Iowa Caucuses, he has a double-digit lead in the state. Political junkie Ken Rudin and columnist Michael Gerson talk about how the field of GOP candidates is faring in the final stretch.