The Salt
2:29 am
Wed June 13, 2012

Farmers Split Over Subsidies As Senate Farm Bill Debate Begins

Larry Sailer on his corn and soybean farm, just north of Iowa Falls, Iowa.
Jonathan Ahl for NPR

Originally published on Wed June 13, 2012 6:48 am

The latest proposal for the farm bill — the law governing everything from food stamps to rural development grants — is being considered by the U.S. Senate this week. It's designed to save more than $23 billion over the next 10 years, in part by getting rid of direct payments to farmers. The direct payment program alone costs taxpayers $5 billion per year.

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Politics
2:29 am
Wed June 13, 2012

Why The Farm Bill's Provisions Will Matter To You

Dairy cows feed on a farm in Chilton, Wis., in May. The farm bill being considered by Congress, part of a massive package that could cost nearly $1 trillion over a decade, contains a number of provisions affecting dairies.
Carrie Antlfinger AP

Originally published on Wed June 13, 2012 10:49 am

If you think only farmers care about the farm bill currently being considered by Congress, you're very, very mistaken.

The measure will not only set policy and spending for the nation's farms for years to come, but it will also affect dozens of other seemingly unrelated programs — all at a cost of nearly $1 trillion over the next decade. Following are a few questions and answers about the massive legislation:

Why is it called the farm bill, and where did it come from?

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The Record
10:03 pm
Tue June 12, 2012

Clear Channel Will Be The First To Pay Royalties For Music On Its Air

Tim McGraw (left) and Scott Borchetta, CEO of Big Machine Label Group, at a press conference in Nashville last month announcing McGraw's signing to the label.
Royce DeGrie WireImage

Originally published on Tue September 18, 2012 5:40 pm

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Sweetness And Light
8:03 pm
Tue June 12, 2012

The Language of Baseball: In Is Out And Foul Is Fair

Pittsburgh Pirates fans reach for a foul ball hit into the stands by Mike Moustakas of the Kansas City Royals in the seventh inning of a game in Pittsburgh.
Keith Srakocic AP

Originally published on Wed June 13, 2012 6:14 am

Baseball historians continue to poke around in the 19th century to better explain how the game was originated and developed, but I've always wondered if one of the prime movers wasn't a student of Shakespeare.

While I certainly don't know the terminology of all ball games, the popular ones I'm aware of — everything from basketball and football to golf and tennis — all use some variations of the words in and out when determining whether the ball is playable.

Only baseball is different.

"Fair is foul and foul is fair; Hover through the fog and filthy air."

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Election 2012
5:41 pm
Tue June 12, 2012

As GOP Cashes In, Democrats Search For Billionaires

President Obama at a Democratic Party election fundraiser in Chicago on June 1.
Jason Reed Reuters/Landov

Originally published on Tue June 12, 2012 6:02 pm

The big story of this year's election campaign is big money. Since the Supreme Court, through its Citizens United ruling, has made it easier for corporations, unions and rich individuals to raise and spend unlimited amounts of money, Republicans have seized the advantage.

Right now, an analysis by NPR finds that Republican allied groups are outspending their Democratic counterparts by 8 to 1.

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The Two-Way
5:15 pm
Tue June 12, 2012

From Our Readers: Less Hedginess, More Neology

Our use of the term "hedginess," coined by finance criminologist Bill Black, inspired commenter "Tim Myers" to engage in some neology of his own in order to prove his point:

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The Two-Way
5:05 pm
Tue June 12, 2012

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

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

Originally published on Wed June 13, 2012 8:00 am

"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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Latin America
4:50 pm
Tue June 12, 2012

Venezuela's Chavez Aims To Beat Cancer, Election Foe

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

Originally published on Thu June 14, 2012 8:38 am

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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Your Money
4:42 pm
Tue June 12, 2012

Credit Card Debt Cut: The Reason May Surprise You

iStockphoto.com

Originally published on Tue June 12, 2012 5:17 pm

A Federal Reserve study showing that Americans lost wealth in the Great Recession turned up another, perhaps more surprising, result: Credit card debt fell sharply.

"The percentage of families using credit cards for borrowing dropped over the period; the median balance on their accounts fell 16.1 percent" between 2007 and 2010, the report concluded.

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The Two-Way
3:57 pm
Tue June 12, 2012

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

Originally published on Tue June 12, 2012 4:06 pm

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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