It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
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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.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Audie Cornish.
One effect of the 16-day government shutdown is that economists have had only a murky picture of the state of the economy. That's because the government is one of the most important sources of economic data. And as NPR's Dan Bobkoff reports, most of the people responsible for compiling and analyzing the numbers were furloughed, even barred from checking their email.
Originally published on Fri October 18, 2013 5:18 pm
In the California wine mecca of Sonoma County, climate change is pitting redwood lovers against red wine lovers.
This Friday morning, a coalition of environmental groups are in a Santa Rosa, Calif., courtroom fighting to stop a Spanish-owned winery from leveling 154 acres of coast redwoods and Douglas firs to make way for grapevines.
Originally published on Fri October 18, 2013 2:56 pm
The crew of a U.S.-owned ship has been arrested at a port in India for allegedly trying to enter territorial waters illegally carrying what's been described as a "huge cache" of weapons.
The 35 crew members on MV Seaman Guard Ohio, owned by Washington, D.C.-based AdvanFort, were detained on Saturday by the Indian Coast Guard. The vessel is currently at anchor in the port of Tuticorin in the southeastern state of Tamil Nadu.