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2:14 pm
Fri May 11, 2012

Big Losing Bet Tarnishes Wall Street Titan JPMorgan

JPMorgan Chase Chief Executive Officer Jamie Dimon cited "many errors, sloppiness and bad judgment" in announcing a $2 billion loss due to a hedging strategy.
Mario Tama Getty Images

Originally published on Fri May 11, 2012 3:52 pm

JPMorgan Chase is licking its wounds after announcing that it lost at least $2 billion in a hedging strategy that went terribly wrong. The announcement late Thursday sent the bank's shares tumbling more than 9 percent on Friday.

Meanwhile, regulators on both sides of the Atlantic have begun looking into what happened. And there were calls Friday for tighter restrictions on the kind of trades the bank engaged in.

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It's All Politics
1:42 pm
Fri May 11, 2012

On Citizenship Question, Bachmann Not So Neutral

Minnesota Republican Rep. Michele Bachmann and her husband, Marcus, recite the Pledge of Allegiance before announcing her candidacy for president last June in Waterloo, Iowa.
Steve Pope Getty Images

Originally published on Fri May 11, 2012 2:24 pm

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The Two-Way
1:36 pm
Fri May 11, 2012

Carroll Shelby, Race Driver And Designer Of The Shelby Cobra, Dies

Actor Steve McQueen, left, and racer Carroll Shelby stand by McQueen's Ford-Cobra roadster, June 28, 1963, in Los Angeles.
Dick Stroebel AP

Carroll Shelby was a race car driver; he was a racing team owner, a chili entrepreneur. He survived a liver transplant and a heart transplant. But perhaps the thing that most people will remember him for is his automotive creations, especially the Shelby Cobra.

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Europe
1:15 pm
Fri May 11, 2012

Who Needs Marriage? Not France's New President

French President-elect Francois Hollande waves to supporters with his companion, Valerie Trierweiler, as he celebrates his election victory in Bastille Square in Paris, May 6. Hollande and Trierweiler will be the first unmarried couple to move into the French presidential palace.
Francois Mori AP

Originally published on Fri May 11, 2012 11:42 pm

The French are known for being more tolerant than Americans about their politicians' private lives. One former French president even fathered a child with a mistress while in office.

But every French leader in history has been married — until now.

Next week, after Socialist Francois Hollande is sworn into office, he and his longtime companion, journalist Valerie Trierweiler, will become the first unmarried couple to move into the Elysee presidential palace.

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NPR Story
1:15 pm
Fri May 11, 2012

Week In Politics: Mitt Romney The Bully?

Originally published on Fri May 11, 2012 3:52 pm

Transcript

MELISSA BLOCK, HOST:

A story about Mitt Romney's behavior in high school has his campaign in the defensive. The Washington Post has published a long story that details incidents of bullying by Romney when he was a senior at the Tony Cranbrook boys prep school in Michigan. Five former classmates spoke about an incident when Romney led a posse that targeted a student with long bleached-blond hair, tackled him, pinned him to the ground and hacked off his hair as he cried and screamed for help.

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Media
1:15 pm
Fri May 11, 2012

'News Of The World' Editor Grilled At Leveson Inquiry

Originally published on Fri May 11, 2012 3:52 pm

Transcript

AUDIE CORNISH, HOST:

The British got an intriguing glimpse today into the secret world of the powerful. They heard from Rebekah Brooks, a close advisor to Rupert Murdoch and a former tabloid editor. She was caught up in the phone hacking scandal that's engulfed Murdoch's British operations.

Today, Brooks testified to a media ethics inquiry. It's investigating the close relationship between Britain's press and its politicians. NPR's Philip Reeves has the story.

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The Two-Way
12:43 pm
Fri May 11, 2012

In Greece, Third Bid For Coalition Government Fails

Greece's radical leftist party Syriza chief Alexis Tsipras (L) shakes hands with Socialists leader Evangelos Venizelos before their meeting at the Greek parliament in Athens on Friday. Venizelos admitted that he had failed in a last-ditch bid to form a government after Syriza key leftist party ruled out joining a pro-austerity coalition.
Louisa Gouliamaki AFP/Getty Images

Originally published on Fri May 11, 2012 1:12 pm

Evangelos Venizelos was the third politician mandated by the Greek president to form a coalition government.

Today, reports the BBC, after meeting with the leaders of different parties, Venizelos emerged empty-handed.

"I am going to inform the president of the republic tomorrow and I hope that, during the meeting with Carolos Papoulias, each party will assume its responsibilities," Venizelos told the BBC.

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Million-Dollar Donors
12:42 pm
Fri May 11, 2012

Head Of Shrek's Studio Puts Millions Behind Obama

Dreamworks Animation CEO Jeffrey Katzenberg, shown at CinemaCon 2012, has donated $2 million to the pro-Obama superPAC Priorities USA Action.
Chris Pizzello AP

Originally published on Fri May 11, 2012 3:52 pm

Some two dozen Americans have given $1 million or more to superPACs in the 2012 presidential campaign. The vast majority of them have been Republicans, but one movie mogul has chipped in $2 million to help out the superPAC supporting President Obama.

Jeffrey Katzenberg, the head of DreamWorks Animation studios, was also the co-host of Obama's sellout event Thursday night at the home of actor George Clooney. Katzenberg told the crowd the event raised nearly $15 million, which would make it the most profitable presidential fundraiser ever.

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Technology
10:36 am
Fri May 11, 2012

Disguising Secret Messages, In A Game Of Spy Vs Spy

Last May, German investigators found secret files embedded in a pornographic video on memory cards being carried by a suspected al Qaeda operative. Peter Wayner describes the history and technology of the technique for hiding information, known as steganography.

'It's All Politics': NPR's Weekly News Roundup
10:35 am
Fri May 11, 2012

It's All Politics, May 10, 2012

KRISTOPHER SKINNER MCT /Landov

Gay marriage gets an advocate in the White House, but only after Vice President Joe Biden has his say. President Obama's announcement comes a day after North Carolina voters overwhelmingly rejected the concept. And Dick Lugar's 36-year Senate career comes to an end in Indiana. Meanwhile, in the West Virginia primary, Obama defeats a jailed felon from Texas, 59 percent to 41 percent.

Listen to the latest political roundup with NPR's Ken Rudin and Ron Elving.

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