The $26 billion deal Thursday reached by the federal government, most states and the nation's largest banks to compensate homeowners for abusive foreclosure practices was hailed as a landmark agreement. But it's unlikely to end the mortgage mess that has depressed property values and left millions of homeowners owing more than their homes are worth, analysts say.
Originally published on Thu February 9, 2012 2:08 pm
PepsiCo, the maker of Pepsi soda and Doritos chips, said it will cut 8,700 jobs worldwide. That represents about 3 percent of its 300,000 person global work workforce.
The announcement also comes just after the company announced better-than-expected fourth-quarter earnings. The Financial Times reports that net income for the company rose 3 percent to $1.4 billion and revenues were up 11 percent to $20.1 billion.
The Soup Movement in America is based on a simple recipe: Bring a bunch of people together to eat soup. Ask each person for a modest donation — say $5. Listen to a few proposals about how people might use that pool of money for a worthwhile project. Vote on the best proposal, and give all the money to the top vote-getter. Go home full and fulfilled.
President Hugo Chavez waves during a military parade in Caracas, Venezuela, to commemorate the 20th anniversary of a failed coup attempt he led. After battling cancer last year, Chavez has returned to his high-profile, fiery ways.
The FBI has released the files it kept on Steve Jobs, the co-founder of Apple. The 191-pages are part of a background search the FBI undertook in order to clear him for an appointment made to the President's Export Council by George W. Bush in 1991.
For the background check, the FBI conducted 30 interviews with friends, family, neighbors and former colleagues. What emerged was a portrait of a man admired for his brilliance but whose personal life and character are often questioned. It's not unlike the picture painted in Walter Isaacson's 2011 biography "Steve Jobs."
Originally published on Thu February 9, 2012 4:26 pm
Update at 3:25 p.m. ET. It's Satirical, The Lawmaker Says:
Daniel Cherry of Mississippi Public Broadcasting just talked with Rep. Stephen Holland — the Democratic lawmaker who's getting a lot of attention for introducing a bill to rename the Gulf of Mexico to Gulf of America.
Originally published on Thu February 9, 2012 5:09 pm
Across the country, 1 in 6 hospitals has high rates of one of the most serious kinds of preventable infections — those caused by catheters inserted into large veins, according to new data published by the Centers for Medicare & Medicaid Services.
Originally published on Thu February 9, 2012 11:33 am
The National Regulatory Agency announced it had given Southern Co. the OK to build two nuclear reactors in Georgia, making it the first new nuclear power plant approved in a generation.
The AP, which reported earlier today that the NRC was poised to give its approval, reports that one of the $14 billion reactors could be ready as soon as 2016. The second reactor could begin operating in 2017. The AP adds:
Originally published on Thu February 9, 2012 10:39 am
By a nearly unanimous vote this morning the House passed the STOCK Act, which as NPR's Tamara Keith has reported, "would, among other things, explicitly ban insider trading for members of Congress and their staffs."
The vote was 417-2, with 14 members absent. The two nay votes were from Rep. John Campbell, R-Calif., and Rep. Rob Woodall, R-Ga.
The protests that led to the Egyptian revolution last year were organized in part by an anonymous Facebook page administrator. When the police found out who he was, they arrested and interrogated him. After his release, Wael Ghonim became the public face of the Egyptian revolution.
Young conservatives are bringing new energy to this year's Conservative Political Action Conference (CPAC) with a panel called, "Why Am I Living in My Parent's Basement?" Host Michel Martin talks with two young people attending, about how they hope to bring under-30 voters to their side of the aisle.
It's been nearly one year since Egyptian President Hosni Mubarak stepped down, and the country is still experiencing the growing pains of transition. Last year, host Michel Martin spoke with a young protester minutes after Mubarak's resignation. Now, Martin catches up with her again to see if she's still optimistic about changes in her country.
The House on Thursday passed a bill that would ban congressional insider trading. The STOCK Act passed overwhelmingly, 417-2, despite some partisan disagreements over its scope.
With congressional approval at all-time lows, the bill was widely seen by lawmakers as a small step in restoring public confidence. But differences remain to be worked out with a Senate measure, passed last week, before a bill could be sent to President Obama.
Originally published on Thu February 9, 2012 9:48 am
It might seem like the equivalent of trying to bail the ocean with a bucket but we now have another major race, the U.S. Senate race in Montana, in which the idea of a self-imposed truce by the candidates on superPAC money in the race has come up.
Sen. Jon Tester, a Democrat, sent a letter to Rep. Denny Rehberg, the Republican who seeks to unseat him, requesting a truce on outside money funding negative ads for their campaigns, meaning superPACs.
The word that Pentagon rules may soon "catch up a bit with reality" as the military considers formally allowing women to do something that they've already been asked to do in Iraq and Afghanistan — serve close to the front lines but technically not "in combat" — raises a question.
As NPR's Tom Bowman reports, the new rules still wouldn't allow women to serve in front line combat jobs such as infantry, armor or Special Forces.
The World Health Organization has just one week left to prepare for a highly anticipated meeting on controversial bird flu research. One official says that 22 invitations have gone out and the WHO is still waiting to hear back from some of the invitees.
Recent experiments involving the H5N1 bird flu virus have caused a furor in the science community, and the WHO was urged to convene an international discussion.
Originally published on Thu February 9, 2012 7:38 am
After a surprise sweep of Tuesday's three election contests by Rick Santorum, former Massachusetts Gov. Mitt Romney headed to Georgia on Wednesday for a fundraiser and rally in Atlanta.
As NPR's Kathy Lohr reports on Morning Edition, heading to Georgia — Newt Gingrich country — was "a bold move" for Romney. "Before a packed crowd at a local tile and flooring company, Romney talked about creating jobs and reducing government spending — and he also took aim at his GOP opponents," Lohr reports.
Originally published on Thu February 9, 2012 10:46 am
"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.
Originally published on Thu February 9, 2012 6:23 am
"Syrian forces fired mortars and rockets Thursday in the rebellious city of Homs, the latest salvo in a weeklong assault that has killed hundreds as President Bashar Assad's regime tries to crush increasingly militarized pockets of dissent," The Associated Press reports.
Relying on reports from activists and residents in Homs, the AP and other news outlets say it appears that a brutal crackdown continues.
Following up on a plan he unveiled last September to let states apply to be exempt from basic elements of the Bush-era No Child Left Behind education law, President Obama will today announce the first 10 states that have qualified for such exemptions.