4:45am

Tue May 15, 2012
Business

The Latest On JPMorgan Chase

Originally published on Tue May 15, 2012 9:51 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

JP Morgan Chase has long had the reputation of being one of the better managed big banks in the country. So how did it make a $2 billion blunder and what does it tell us about banking today, nearly five years after the onset of the financial crisis? When such questions are looming, we often turn to David Wessel, economics editor of The Wall Street Journal.

And, David, welcome back to the program.

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4:45am

Tue May 15, 2012
Around the Nation

California Budget Deficit Grows

Originally published on Tue May 15, 2012 9:51 am

Transcript

STEVE INSKEEP, HOST:

California Governor Jerry Brown wants to convince voters to accept two things they don't like: higher taxes and deep spending cuts. The Democrat proposed a budget yesterday which would only be the start of the pain. The other part would come in November with a ballot measure to raise taxes and spare education. Capital Public Radio's Ben Adler reports from Sacramento.

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4:09am

Tue May 15, 2012
Election 2012

JPMorgan's Loss A Gain For Campaign Positioning

Originally published on Tue May 15, 2012 9:51 am

The U.S. and JPMorgan Chase flags wave outside its headquarters in New York on Friday.
Eduardo Munoz Reuters /Landov

The fallout from banking giant JPMorgan Chase's $2 billion — and counting — loss has made its way into the presidential campaign. The president and presumptive GOP challenger Mitt Romney have very different views about the regulation of Wall Street, in particular the Dodd-Frank financial systems overhaul law.

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3:07am

Tue May 15, 2012
Family Matters: The Money Squeeze

Paying For College: More Tough Decisions

Originally published on Wed May 23, 2012 10:48 am

Kelley Hawkins (center) smiles at her daughter Carley (left) as her other daughter, Chelsea (right), looks on, in their family home in Harrisburg, Pa.
Kainaz Amaria NPR

Middle age is prime time for saving money. From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age.

But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.

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3:06am

Tue May 15, 2012
The Salt

Jetlagged By Your Social Calendar? Better Check Your Waistline

Originally published on Tue May 15, 2012 9:51 am

It doesn't take a transcontinental flight to end up out of sync with your body clock. It might just be that you stay up too late.
iStockphoto.com

It doesn't take a transcontinental flight to end up out of sync with your body clock. It might just be that you stay up too late.

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3:06am

Tue May 15, 2012
Your Money

Canada's Housing Market Booms; Experts See Trouble

Originally published on Tue May 15, 2012 9:51 am

Canada's real estate market is one of the hottest in the developed world.
Mike Cassese Reuters /Landov

Housing prices are going through the roof in Canada. The real estate market there is one of the hottest in the developed world. In Toronto, prices increased 10 percent in March alone. The average detached house in the city costs more than $600,000.

That has economists and the government worried that Canada is experiencing a housing bubble that's about to burst.

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3:04am

Tue May 15, 2012
Europe

From Iowa To Russia, Tractors Build Economic Bridge

Originally published on Tue May 15, 2012 9:51 pm

Employees fit a tire to a John Deere W540 combine inside the company's Domodedovo manufacturing center near Moscow, Russia. The tractors are built in Waterloo, Iowa, and then taken apart and shipped to the Russian plant for reassembly.
Bloomberg via Getty Images

The green is unmistakable at a plant in Russia as workers put together a John Deere tractor. The roughly 90 employees, however, don't actually make the tractors.

The engine, the drive train and the tractor itself are all built in Waterloo, Iowa. The completed tractor is tested, and then it is disassembled and prepared for shipment.

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3:03am

Tue May 15, 2012
The Fracking Boom: Missing Answers

Sick From Fracking? Doctors, Patients Seek Answers

Originally published on Wed May 23, 2012 10:48 am

Michelle Salvini (left) and Terri DiCarlo take a break from work outside the Cornerstone Care clinic in Burgettstown, Pa. Mysterious fumes have repeatedly sickened clinic staffers, forcing them to evacuate the building several times.
Maggie Starbard NPR

Kay Allen had just started work, and everything seemed quiet at the Cornerstone Care community health clinic in Burgettstown, Pa. But things didn't stay quiet for long.

"All the girls, they were yelling at me in the back, 'You gotta come out here quick. You gotta come out here quick,' " said Allen, 59, a nurse from Weirton, W.Va.

Allen rushed out front and knew right away what all the yelling was about. The whole place reeked — like someone had spilled a giant bottle of nail polish remover.

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3:02am

Tue May 15, 2012
Shots - Health Blog

Should Parents Be Able To Sue For 'Wrongful Birth'?

Originally published on Tue May 15, 2012 9:51 am

Arizona state Sen. Nancy Barto, R-Phoenix, listens during a special budget briefing at the state Capitol in October 2008. Barto sponsored a new law that prohibits wrongful birth lawsuits. She says the bill "sends the message that all life is worth protecting."
Ross D. Franklin AP

Several states, including Kansas and New Jersey, are debating so-called "wrongful birth" laws that would prevent parents from suing a doctor who fails to warn them about fetal problems.

Abortion rights activists say the laws give doctors the right to withhold information so women don't have abortions.

In Suffern, N.Y., Sharon and Steven Hoffman's son, Jake, was born with Tay-Sachs, a genetic disease that mainly affects Jewish families and is usually fatal by age 4 or 5.

"There's no treatment. There's no cure. There's nothing," Sharon says.

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3:01am

Tue May 15, 2012
Family Matters: The Money Squeeze

Caring For Grandparent Matures A Young Man

Originally published on Wed May 23, 2012 10:47 am

Maryland resident Nicholas McDonald, 24, has briefly abandoned his musical aspirations to enter the workforce and contribute to the family's finances. "I'd like to give my mom $100 every now and then," he says.
Kainaz Amaria NPR

Nicholas McDonald grew up tempted by drugs and under pressure to hit the streets. Lacking male role models, the Maryland resident says he always saw his mom as "the apple of my eye."

Natasha Shamone-Gilmore tried to protect her son growing up. Now, 24-year-old Nicholas is doing his best to return the favor.

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