Three high-ranking executives, including one of the most powerful women on Wall Street, are expected to resign from JPMorgan Chase this week because of their roles in the $2.3 billion loss the bank recently suffered when some risky trades blew up in its face.
The Wall Street Journal, which broke that news, also reports that JPMorgan's losses from the "giant trading blunder" keep growing. It cites "people familiar with the situation," as its sources.
Twenty years ago, few Americans approved of homosexuality or thought gay marriage should be legal. Now, nearly half of all Americans support same-sex marriage, though most Christians are still opposed to it.
Syria's violence has not let up. Over the weekend, Syrian troops continued their campaign against those who opposed the regime of President Bashar al-Assad. Let's talk about this with NPR's Kelly McEvers, who's on the line from Beirut. And Kelly, what's the latest?
Afghanistan's president, Hamid Karzai, travels soon to Chicago. He'll attend a summit of NATO, the North Atlantic Alliance, on whose troops Karzai's government depends. At that summit, NATO countries will be asked to pledge billions of dollars to support Afghanistan's security forces after NATO combat troops withdraw in the year 2014. The U.S. ambassador to Afghanistan will also attend that summit. And as he prepared to leave Kabul, he sat down with our own Renee Montagne.
Philadelphia's school district plans to close a quarter of its school buildings in coming years to eliminate a huge budget hole. But parents and activists don't trust the decision-makers. Many of them suspect the plan is a ruse to force charter schools and privatization on the district.
The economy of Wilmington, Ohio was devastated three years ago when the shipping company DHL left town, taking thousands of jobs with it. City leaders now want to embrace a rapidly growing industry - unmanned aerial vehicles, also known as UAVs. In popular culture, they're somewhat inaccurately called drones. The Federal Aviation Administration recently gave the Air Force permission to test UAVs at the now largely vacant Wilmington Air Park. Here's Ann Thompson of member station WVXU.
NPR's business news starts with a Mother's Day shakeup.
(SOUNDBITE OF MUSIC)
INSKEEP: Yahoo says its CEO, Scott Thompson, is out, after a shareholder revealed an in accuracy on his resume. Mr. Thompson had claimed that he held two college degrees. In fact, he only had one. Thompson's resignation is a victory for an activist hedge fund that has been pressing for a shakeup in how Yahoo is run.
Facebook is expected to start selling stock to the public this week. The social networking giant is expected to begin trading on the Nasdaq Stock Market on Friday. CEO Mark Zuckerberg will remain the company's biggest shareholder. Steven Levy, of Wired magazine, talks to Morning Edition's David Greene about what that means for the company and potential shareholders.
You know, one of the benefits of starting your own company is that you can pretty much wear whatever you want - up to a point. Our last word in business today is: dress for success.
Just as Steve Jobs was known for his mock-turtleneck, Mark Zuckerberg has become known for his hoodie. Business blogs breathlessly chronicle Zuckerberg's dress decisions and note the fact that he sports the collegiate just-rolled-out-of-bed look, even at important business meetings.
The head of JPMorgan Chase says the trading strategy that cost it $2 billion in a matter of weeks won't really affect the bank's bottom line. But the trade happened during a presidential campaign where the economy and Wall Street are major themes.
Some other news. The oil boom in western North Dakota has sparked one of the largest migrations to a single area in the United States since the Great Depression. Communities that once struggled to keep people at all, are now struggling to absorb all the newcomers as workers from across the country arrive to seek their fortunes in oil.
The conference finals are underway in the National Hockey League playoffs. In the East, the New York Rangers will face the New Jersey Devils Monday. In the West, the Los Angeles Kings have won Game 1 — beating the Phoenix Coyotes 4-2.
The four top Republicans seeking the GOP nomination for the U.S. Senate in Nebraska â state Sen. Deb Fischer (from left), state Attorney General Jon Bruning, state Treasurer Don Stenberg and investment adviser Pat Flynn â recite the Pledge of Allegiance before a debate in Omaha last month.
Credit Nati Harnik / AP
Former Sen. Bob Kerrey is again seeking the Democratic nomination for U.S. Senate from Nebraska. Kerrey moved back to the state after serving as the president of The New School in New York.
Republicans hope to wrest control of the U.S. Senate in November from the majority Democrats, who have twice as many seats to defend this year. One state where the GOP has high hopes is Nebraska, where two-term incumbent Ben Nelson, a Democrat, is retiring. Voters from both parties will select their nominees Tuesday, and the Republican winner is likely to face a familiar face: former Democratic Sen. Bob Kerrey.
You may have heard of Dear Photograph, a website that invites readers to submit photos of photos — images from the past, set in the present. Over the past year, the website received thousands of submissions. In fact, enough for a book, also called Dear Photograph, which was released earlier this month.
"I cared about what was happening around me, so I went to be with the people," says Syrian artist Hiba Akkad. "Whatever the people were doing, I wanted to be with them." Above, Akkad's 2012 mixed media on canvas work, <em>Untitled</em>.
Credit Courtesy Galerie Tanit
Tarek Butayhi's 2011 mixed media on canvas work, <em>Untitled</em>. Butayhi's work was displayed in the <a href="http://www.galerietanit.com/bios/syrian/syrian.htm">Artists From Syria Today</a> exhibition at the Espace Kettaneh Kunigk gallery in Beirut.
In Syria, anyone who speaks out against the regime of President Bashar Assad risks harassment, detention and sometimes worse. One famous cartoonist who'd lampooned Assad was pulled out of his car last summer by pro-regime thugs and had his hands broken.
Public figures like singers and actors are under much pressure to keep silent. Even a small and critically acclaimed group of Syrian painters is not immune — but that might be attracting buyers outside Syria to their work.
There have been hints that the obesity epidemic's rise has slowed a bit among certain populations, but for the most part, it continues to dominate American health. One third of children and teenagers are now overweight or obese. And researchers forecast as many as half of our nation's population could be obese — not overweight but obese — by 2030.
TimeSlips is a program based on the idea that storytelling can be therapeutic for people with dementia.
Credit Dick Blau / TimeSlips
Linda White (left) leads a session based on a program called <a href="TimeSlips.org">TimeSlips</a> at a Seattle senior center. The idea is to show photos to people with memory loss to help them make up a story.
Six months before the presidential election, the Florida ground game is already under way.
In political terms, the ground game is the process of mobilizing voters and getting them to the polls. And the first step is registering people to vote.
But in Florida this year, there are tough new restrictions on groups that conduct voter registration drives. The restrictions already appear to be having an impact on the number of people who are registering to vote.
You may think of surfers as slackers. But in Santa Cruz, Calif., they're city council members and business owners. And they're also conservationists — who just got their piece of the central California coast named a World Surfing Reserve.
Long before surf music topped the charts and long before surfers had crazy nicknames, surfers have been riding the waves in Santa Cruz.
Fifty years ago, Johnny Carson became the host of TheTonight Show. During his 30 years as host, he reached a nightly audience of 15 million people and became one of the most trusted and famous men in America.
But Carson was intensely private off-screen, and very few people — including members of his own family--really knew him. Documentary filmmaker Peter Jones wanted to try and change that. Once a year, for 15 years, Jones sent Carson a letter, begging him for permission to make a documentary on his life.
Demonstrators shout slogans during a protest to mark the anniversary of the "Indignados" movement in Madrid, Spain on Sunday. Tens of thousands of Spaniards took to the streets to protest the handling of the country's worst crisis in decades.
Voters in Germany's most populous state, North Rhine Westphalia, have delivered a major blow to the ruling party, the Christian Democrats, led by Chancellor Angela Merkel. Weekends on All Things Considered host Guy Raz talks with Michael Kolz, the chief political reporter for German station Phoenix, about why the results in North Rhine Westphalia matter and what they mean for the left-wing Social Democrats.
One week ago today, an enormous chalkboard popped up on a busy street here in Washington, D.C. And at the very top corner painted in huge letters, just three words: Before I Die. The board was like a magnet to passersby to write their greatest wishes, their wildest dreams, the things they want to accomplish before they die. Think of it as a crowd-sourced bucket list.
In 2002, Rafe Sagarin was working in Washington, D.C., as a science adviser. It wasn't long after the Sept. 11 attacks, and Sagarin started paying attention to the security measures on Capitol Hill.
"I'd watch these other Capitol Hill staffers and I noticed that they'd just put their hand over the keys in their pockets so they didn't have to waste 30 seconds putting it on the conveyer belt though the security screening — and that didn't set off the alarm when they did that," Sagarin tells host of weekend All Things Considered Guy Raz.
Zimbabwe's government has exercised control over most of the media. Here, workers sort out copies of <em>The Daily News</em>, one of the few independent newspapers. It was allowed to reopen in March 2011 after being shut down for years because it was critical of the government.
Credit Tsvangirayi Mukwazhi / AP
Zimbabwe's President Robert Mugabe is the focus of attention in the state-run media. He is shown here in February in Mutare, speaking at a rally marking his 88th birthday.
Weekends on All Things Considered continues its "Why Music Matters" series with stories of music fans, told in their own words. Today's story is about Amy O'Neal, a choreographer who took on the challenge of dancing in complete silence.
This is WEEKEND EDITION from NPR News, I'm Rachel Martin.
On the same day that President Obama announced that he's had a change of heart and now publicly supports same-sex marriage, there were quieter moves on Capitol Hill to protect the rights of some who do not.
On Wednesday, the House Armed Services Committee passed its version of a bill designed, in part, to protect military chaplains from coming under pressure to marry service members of the same sex.
This is WEEKEND EDITION from NPR News. I'm Rachel Martin.
(SOUNDBITE OF MUSIC)
MARTIN: If life is a ball game, then Mike Pesca is the guy behind home plate helping us sort out the check swings from the foul balls. He is, of course, NPR's sports correspondent and our guide to the fascinating intersections between life and sports. He joins us, as he does every week. Hey, Mike.
MIKE PESCA, BYLINE: Hey. Every once in a while you could foul a ball off a check swing.
Host Rachel Martin talks with NPR's national political correspondent Mara Liasson about Mitt Romney's commencement address and the dominant political story of the past week: President Obama's public endorsement of same-sex marriage.