Already dealing with a debt crisis, Europe's banks are now being rattled by another rogue trading scandal. A 31-year-old trader was arrested yesterday in London after a $2 billion loss was revealed by the Swiss banking giant UBS. Megan Murphy has been following the story very closely, and she's the banking correspondent for The Financial Times newspaper in London, and London is where we reached her. Good morning, Megan.
The Environmental Protection Agency has decided to delay new rules that would limit emissions of climate-warming gases from power plants. It's the second time this month the EPA has either withdrawn or postponed new pollution rules that industry didn't like.
The new movie Bucky Larson: Born to Be a Star, is getting unfavorable reviews — a lot of them. The screenplay was co-written by Adam Sandler. The film has a 0 percent rating on the movie review website Rotten Tomatoes. Sony Studios opened Bucky on about 1,500 screens last weekend. And according to one box office tracking site, each showing had an average audience of just eight.
Pakistan is dealing with substantial flooding for the second year in a row, leaving hundreds of thousands of people homeless. For the more on the situation, Steve Inskeep talks to Timo Pallkkala, the humanitarian coordinator for the United Nations in Pakistan.
House Speaker John Boehner on Thursday unveiled his own jobs proposal. He also weighed in on President Obama's jobs plan. And in both instances, the Ohio congressman touted one main theme: the need to avoid raising taxes.
Libya is poised to bring its major source of wealth back on line in a matter of days. Oil profits will be vital to a government that has much of its money tied up in frozen overseas assets. The Transitional National Council has said repeatedly it will honor all the contracts made with oil companies by the Gadhafi regime. Critics say those contracts were riddled with corruption.
The families of two American hikers imprisoned in Iran received hopeful, and then wrenching news this week. Iran's president announced the two would be released, only to have the judiciary deny it the next day.
As President Mahmoud Ahmadinejad prepares to visit New York for the United Nations General Assembly, the political infighting among Iranian conservatives seems to be intensifying.
When she was 16, Ellaraino met her great-grandmother, Silvia, for the first time. And Silvia had plenty of stories to tell. She described being a teenager, much like Ellaraino — and seeing the Civil War, and slavery, come to an end.
That was back in 1955, when Ella Raino's family simply called her Ella. She would later go on to become an actress and storyteller, eventually combining her names into one.
As Ellaraino recalls, her family had several reasons for sending her on a trip. For one thing, she spent a lot of time thinking about her boyfriend — maybe a bit too much.