Business & Education

Business
3:40 pm
Tue November 19, 2013

JPMorgan, Feds Finalize Record $13 Billion Mortgage Settlement

Originally published on Tue November 19, 2013 4:54 pm

A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.

The Two-Way
2:49 pm
Tue November 19, 2013

JPMorgan Chase Will Pay $13 Billion In Record Settlement

In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
Mark Lennihan AP

Originally published on Tue November 19, 2013 4:38 pm

In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.

The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.

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The Two-Way
12:53 pm
Tue November 19, 2013

Safety Agency Opens Probe Into Tesla Fires

Tesla Motors Chairman and CEO Elon Musk (in driver's seat) and chief designer Franz von Holzhausen (in passenger seat) drive the new Tesla Model S all-electric sedan in Hawthorne, California on March 26, 2009.
Robyn Beck AFP/Getty Images

The National Highway Traffic Safety Administration says it has opened an investigation into battery fires in two Tesla Motors Model S sedans.

The fires — three reports in six weeks — have sparked concern about the safety of the electric cars. The New York Times reports:

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The Two-Way
12:36 pm
Tue November 19, 2013

King Of Thrones: America's Best Restroom Is In Minneapolis

In the Game of Thrones, this is the winner: the fanciful restroom of the Varsity Theater in Minneapolis.
Varsity Theater

Originally published on Tue November 19, 2013 3:38 pm

It pays to be unique when you're going for the title of best restroom in the land. Design details are crucial, and so is the choice of materials. It also doesn't hurt if you serve drinks in a commodious chamber. Those are the strengths of the Varsity Theater, a concert hall in Minneapolis that has won America's Best Restroom Contest for 2013.

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Parallels
11:55 am
Tue November 19, 2013

Landlines, It Turns Out, Aren't Vanishing Everywhere

A Cambodian gambler talks on 18 cellphones at once at a boxing match in Phnom Penh in 2010. There are nearly 132 cellphones for every 100 Cambodians, but the country has also seen a surge in the number of landlines.
Tang Chhin Sothy AFP/Getty Images

Originally published on Wed November 20, 2013 6:03 am

On All Things Considered, NPR's Martin Kaste reported Monday on U.S. landline infrastructure. One fact stood out: 96 percent of homes had landlines in 1998, and that number is down to 71 percent today.

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Economy
11:10 am
Tue November 19, 2013

Economic Recovery: Women Bouncing Back Quicker Than Men?

New figures show women have more jobs in the U.S. than ever before - but men are still struggling to pull out of the recession. Host Michel Martin speaks with NPR senior business editor Marilyn Geewax, and Ariane Hegewisch from the Institute for Women's Policy Research.

All Tech Considered
9:09 am
Tue November 19, 2013

March Of The Indies: The Punk Rockers Of Video Games

Independent developer Jonathan Blow's time-warping, mind-bending puzzler Braid turned a hackneyed plot — little guy rescues a princess — into a melancholy meditation on love and loss.
Microsoft AP

Originally published on Tue November 19, 2013 4:05 pm

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Business
3:23 am
Tue November 19, 2013

JPMorgan, DOJ Expected To Settle Over Mortgage Abuses

Originally published on Tue November 19, 2013 5:15 am

The Justice Department is said to be announcing on Tuesday a $13 billion settlement with JPMorgan Chase. The deal centers on mortgage securities issued in the run-up to the financial crisis.

Business
3:23 am
Tue November 19, 2013

Anticipated China Announcement Fuels Certain Stocks

Originally published on Tue November 19, 2013 6:51 am

The Chinese government announced last week that soon families will be permitted to have two children — if one of the parents is an only child. They haven't announced when that policy change will occur. Still, on Asian markets, stock prices of baby formula, diaper and stroller companies all soared on Monday in anticipation.

Business
3:23 am
Tue November 19, 2013

Bitcoin Hits Record High After Senate Panel Told It's Legal

Originally published on Tue November 19, 2013 5:15 am

The cyber-currency was at the center of a Senate panel hearing Monday. Senators are looking into the way Bitcoin was used by the illegal drug marketplace that called itself Silk Road. But even with the scrutiny, Bitcoin investors drove the virtual currency to record highs.

U.S. Commutes: The Way We Get To Work
2:06 am
Tue November 19, 2013

'You Just Get Used To It': An LA Commuter's Diary

Neville Amaria's commute to work used to take up to 1.5 hours each way. He carpooled with colleagues including Stefanie McNally, Cristina Cooper and Bryan Kim. The gang passed the time by sleeping and snapping photos of unlucky commuters.
Courtesy of Cristina Cooper

Originally published on Tue November 19, 2013 7:50 am

For two years, Neville Amaria carpooled to his office in Los Angeles. That puts him in the same category as about 10 percent of American workers, who drive or ride to work in a car with two or more passengers.

Even still, Amaria's carpool stood out for its extremes. His mega-commute lasted two to three hours, round trip. And he did it with up to four co-workers squeezed into the car with him — most carpoolers only ride with one other passenger.

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Digital Life
4:05 pm
Mon November 18, 2013

Already Outpacing Movies, Gaming Industry Still Looks To Expand

Originally published on Mon November 18, 2013 5:27 pm

It's a big week for the video game industry; Sony just released the PlayStation 4 and Microsoft will release its new Xbox games console Friday. All Tech Considered is kicking off the week with a look at just how big the industry has become and who plays these days. Robert Siegel talks with industry expert John Davison. He's currently general manager of content and publishing for video game company Red Robot Labs.

All Tech Considered
4:05 pm
Mon November 18, 2013

Calling The Shots: Realistic Commentary Heightens Video Games

Recently released sports video games are touting how their high-powered graphics portray players like the Oklahoma City Thunder's Kevin Durant realistically. The realism extends to audio as well.
2K Games

Originally published on Tue November 19, 2013 10:16 am

A big selling point for new video game consoles is better graphics — how real something looks. But better computing power also means better sound.

Compare a real live basketball broadcast to video game audio. Can you tell the difference?

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Television
8:34 am
Mon November 18, 2013

Money-Making TV Reruns Are More Important Than Ever Before

Reruns used to mean watching the same network episodes over again, say during the summer. Years later, viewers could catch a favorite show on cable. These days, reruns are tucked in just before prime-time lineups. And now binge viewers can catch them online with services such as Amazon, Hulu and Netflix.

Economy
5:09 am
Mon November 18, 2013

Examining U.S., European And Japan's Latest Economic Growth

Report cards are in for the world's biggest developed economies. The U.S. grew at an annual rate of 2.8 percent in the third quarter, Japan at 1.9 percent and the eurozone at a measly 0.4 percent. Steve Inkseep talks to David Wessel, economics editor at The Wall Street Journal, about economic growth in the last quarter.

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