The Swiss bank UBS announced last night that a rogue trader lost more money than it originally announced. UBS said the total loss is $2.3 billion. In a statement, the bank also gave some detail about the alleged actions of Kwaku Adoboli, who was arrested and charged in London on Friday.
President Obama's re-election may all come down to whether voters mainly view the 2012 race seen as a referendum on his presidency or a choice between competing Democratic and Republican prescriptions for how to best address the nation's economic and fiscal challenges.
If it's a referendum, it could well be curtains for his hopes of a second term because the economy is clearly making too many voters unhappy and scared.
Valerie Jarrett discusses the viability of President Obama's new debt plan, including cuts to entitlement spending and proposed tax increases to Americans who make more than $1 million. She speaks with host Michel Martin.
On Monday, the president released a plan on how to pay for his $447 billion jobs bill and reduce the nation's deficit. The plan aims to slash $3 trillion from the debt over the next decade, which involves Medicare and Social Security cuts and tax increases for the wealthy. Host Michel Martin speaks with NPR's Senior Washington Editor Ron Elving about the plan.
The University of Kentucky men’s basketball program has released additional televised non-conference games for the 2011-12 season, including the annual Blue-White scrimmage and both exhibition games. CBS Sports will televise five games, adding the North Carolina (Dec. 3) and Louisville (Dec. 31) games to the three UK conference games announced earlier.
Saying that "Washington has to live within its means" and that lawmakers must "cut what we can't afford to pay for what really matters," President Obama just introduced what he says is a plan to cut an additional $3 trillion from budget deficits over the next decade.
And he vowed to veto any legislation that puts all the burden of deficit reduction on those who rely on Medicare and other social programs. "It will not happen on my watch," declared Obama, in making the case that the wealthy and corporations must also be asked to pay more in taxes.
A gay rights group in Berea is launching a new advertising campaign Monday to highlight pro-Fairness statements made by members of the city council. Bereans for Fairness took the quotes from an October 2010 candidate survey published in The Berea Citizen. The group contends six of the eight council members support an anti-discrimination law that has stalled in the body over the summer.
The candidates for secretary of state will meet for a debate on Kentucky Educational Television Monday night. Democrat Alison Lundergan Grimes and Republican Bill Johnson will discuss a variety of issues, including voting rights and business filings in the commonwealth. The campaign has been defined by their disagreement over whether homeless people should be able to register to vote without an address.
A Lexington police officer whose doctor has restricted her to permanent light duty has been denied an occupational disability retirement. The Police and Fire Pension Board heard the appeal of Officer Jennifer Crabill last week. She has suffered various injuries in nearly ten years on the police force.