A former UBS bank executive who has been a fugitive since being indicted on federal charges in 2008 has been arrested in Italy. Swiss citizen Raoul Weil, the former head of UBS Global Wealth Management International, is accused of defrauding the U.S. government by helping clients evade taxes.
From Rome, NPR's Sylvia Poggioli filed this report for our Newscast unit:
If you've flown across Nebraska, Kansas or western Texas on a clear day, you've seen them: geometrically arranged circles of green and brown on the landscape, typically half a mile in diameter. They're the result of pivot irrigation, in which long pipes-on-wheels rotate slowly around a central point, spreading water across cornfields.
Yet most of those fields are doomed. The water that nourishes them eventually will run low.
Originally published on Mon October 21, 2013 12:13 pm
Britain has approved the construction of the country's first nuclear power station in 20 years.
NPR's Philip Reeves, reporting on the announcement for our Newscast unit, said the move goes counter to a European trend to phase out nuclear power in the aftermath of Japan's Fukushima disaster in 2011.
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And I'm Renee Montagne. The Justice Department is on the verge of a $13 billion settlement with JPMorgan Chase. That would make it the biggest government fine involving a single company. It involves the allegedly improper sale of mortgage securities that led to the financial crisis of 2008. NPR's Chris Arnold has been following this and he joins us now. Good morning.
Glenn Greenwald, who broke the story about the U.S. government's massive surveillance program, is quittingThe Guardian. He's leaving the British daily and joining a journalism startup with eBay founder and billionaire philanthropist Pierre Omidyar.
Originally published on Sat October 19, 2013 4:28 pm
In what would be the largest such settlement in U.S. history, JPMorgan Chase & Co. has reportedly reached a tentative deal with the Justice Department that would see the bank pay $13 billion to settle civil charges related to wrongdoing by some of its units just before and during the housing crisis.
The deal, sources tell news outlets including NPR, would not absolve JPMorgan from possible criminal liability.
Word of the tentative agreement emerged around 3 p.m. ET. Saturday. We posted when the news broke and followed with background and more details.
Washington, D.C.'s football team has been under increasing criticism for keeping an old team name that's a racial epithet. I usually don't say it. I will now - for the purposes of information. The Washington Redskins. That name's been hotly debated, criticized for being a racial slur, but defended by the team's owners as actually being a kind of tribute to Native Americans.
Earlier this month, major credit card processors including MasterCard, Visa and America Express announced they would stop processing payments to websites that collect and publish mug shots online. The sites say they are providing a public service, but they make their money by charging people a fee to remove these embarrassing photos from the Internet.
Americans started thinking differently about U.S. dependence on imported oil 40 years ago this Sunday. Decades later, the U.S. is in the midst of a homegrown energy boom.
The oil embargo began in 1973. The United States had long taken cheap and plentiful oil for granted when Saudi Arabia shocked the country by suddenly cutting off all direct oil shipments in retaliation for U.S. support of Israel. Other Arab countries followed suit.
Prices soared. Gasoline lines stretched for blocks. Richard Nixon became the first of many U.S. presidents to call for energy independence.