7:05pm

Tue June 12, 2012
The Two-Way

Dimon Will Tell Congress JPMorgan 'Let People Down' With Trading Loss

Originally published on Wed June 13, 2012 10:00 am

JPMorgan Chase Chief Executive Officer Jamie Dimon.
Mario Tama Getty Images

"This portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. As a result, we have let a lot of people down, and we are sorry for it."

That's part of JPMorgan Chase President and CEO Jamie Dimon will tell the Senate's Committee on Banking, Housing and Urban Affairs tomorrow, when it looks into the botched trades that lost the bank $2 billion. Chase released Dimon's prepared remarks this afternoon.

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6:50pm

Tue June 12, 2012
Latin America

Venezuela's Chavez Aims To Beat Cancer, Election Foe

Originally published on Thu June 14, 2012 10:38 am

Venezuela's President Hugo Chavez arrives atop a truck at the elections office in Caracas on Monday. Chavez addressed thousands of supporters as he formalized his re-election bid. Chavez's younger daughter Rosines is by his side, and on his right is his brother Adan.
Ariana Cubillos AP

The crowds came out by the thousands in Venezuela on Monday, flooding the streets of Caracas in red T-shirts just as the nation's populist government had promised.

Hugo Chavez — the country's 57-year-old, bigger-than-life leader — then took the stage. He had arrived in an open truck, minutes after registering as a candidate for the Oct. 7 election.

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6:06pm

Tue June 12, 2012
The Two-Way

Feds Say Mexican Cartel Used American Quarter Horse Racing To Launder Money

Mr. Piloto, which federal authorities are trying confiscate, is offered on a website for sire services.
Southwest Stallion Station

Federal authorities arrested seven people, today, in connection with what authorities say was a multi-million dollar money laundering operation run by Mexican drug cartel Los Zetas.

The scheme allegedly used the millions earned through the illicit drug trade to purchase, train, breed and race American quarter horses in the United States. The Department of Justice said 14 had been indicted; among them is Zetas leader Miguel Ángel Treviño Morales and his brothers Oscar Omar Treviño Morales and José Treviño-Morales.

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5:55pm

Tue June 12, 2012
Politics

Where Are The Democratic Billionaires?

Democrats knew that they would be disadvantaged under the new campaign finance rules created by the Supreme Court. But the disparity between the amount of money Republicans can raise in unlimited anonymous donations and what the Democrats have been able to raise is huge.

5:40pm

Tue June 12, 2012
Middle East

At Syrian Military Hospital, The Casualties Mount

Originally published on Tue June 12, 2012 9:02 pm

Members of the U.N. observers mission in Syria visit wounded soldiers and policemen at Tishreen Military Hospital in Damascus on May 23. Casualties among Syrian government forces are rising sharply.
SANA /Handout EPA /Landov

Syrian activists have posted thousands of videos of civilians killed and wounded in the 15-month-old conflict. But there have been many casualties on the government side as well, and they are on display at a military hospital in the capital, Damascus.

For Abdul Kareem Mustapha, a 51-year-old colonel in the Syrian army, the war came for him at 8:15 a.m. on his way to his military post.

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5:37pm

Tue June 12, 2012
Planet Money

Remembering Elinor Ostrom, Nobel Laureate

Originally published on Wed June 13, 2012 11:08 am

Elinor Ostrom in January 2011.
Raveendran AFP/Getty Images

Elinor Ostrom, the only woman ever to win an economics Nobel, died today at age 78.

She was famous for challenging an idea known as the tragedy of the commons — the theory that, in the absence of government intervention, people will inevitably overuse a shared resource.

So, for example, if a village shares a pasture, it's in the individual interest of each farmer to graze his cattle as much as possible on the pasture even though, in the long run, overgrazing may ruin the pasture for everyone.

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5:35pm

Tue June 12, 2012
It's All Politics

Justice Department Sues Florida As Voter Battle Intensifies

Originally published on Tue June 12, 2012 8:02 pm

A Republican primary voter walks to her polling precinct in January in St. Petersburg, Fla.
Paul J. Richards AFP/Getty Images

The U.S. Department of Justice sued Florida on Tuesday to stop it from trying to remove noncitizens from its voter registration rolls.

The department says the way the state is going about doing this violates federal law. Florida says it's partly the federal government's fault for not sharing citizenship data with the state.

It's all part of the escalating battle between the Obama administration and Republican-led states over voting laws.

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5:03pm

Tue June 12, 2012
The Record

Diplo: Building A Bridge From The Underground To The Mainstream

Originally published on Tue September 18, 2012 7:41 pm

The DJ and producer Diplo, who also records as Major Lazer, has produced songs for M.I.A., Beyonce and Usher.
Jordan Strauss Getty Images

The music made by Thomas Wesley Pentz, better known by his stage name, Diplo, is one part club-music mashup and one part pop music forecast. In 2009, he took bubblin' — a syncopated house style born in the clubs of Holland — as inspiration and collaborated with fellow DJ Switch, his partner in the group Major Lazer, to make the dance-floor hit "Pon de Floor." But he wasn't done with the bubblin' sound yet. In 2011, he used that song as basis for "Run the World (Girls)," a single by the pop star Beyonce.

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5:02pm

Tue June 12, 2012
The Two-Way

Five Keys To The NBA's Elemental Finals: Thunder Vs. Heat

Originally published on Tue June 12, 2012 6:18 pm

The Miami Heat's LeBron James and Kevin Durant of the Oklahoma City Thunder (shown during an April game) will match up again tonight in the first game of the NBA Finals.
J Pat Carter AP

Think of tonight's NBA Finals tipoff as an atmospheric game of Rock, Paper, Scissors. Does Heat smother Thunder, or does Thunder storm past Heat?

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4:39pm

Tue June 12, 2012
The Two-Way

George Zimmerman's Wife Charged With Perjury

Originally published on Wed June 13, 2012 9:07 am

In this handout from the Seminole County Sheriff's Office, Shellie Zimmerman, wife of George Zimmerman, the man accused of shooting Trayvon Martin, is seen in a police mug shot on Tuesday in Sanford, Florida.
Handout Getty Images

Shellie Zimmerman, the wife of George Zimmerman, has been charged with one count of perjury.

According to court documents, Shellie was charged for knowingly making a false statement during the bond hearing of George Zimmerman.

George Zimmerman has been charged with second degree murder in the shooting death of teenager Trayvon Martin, a 17-year-old African-American. George Zimmerman, a neighborhood watch volunteer, has claimed he acted in self defense.

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