Lindsey Vonn's decision to sit out next month's Olympic Games because of a knee injury is surely a personal and professional disappointment for the Alpine skiing star. But Olympic athletes with Vonn's star power also mean big advertising dollars — and not competing in Sochi may create winners and losers among the skier's sponsors.
"Lt. Keenan Kunst at the Royal Air Force station in Lakenheath, Suffolk County, which hosts U.S. Air force units and personnel, said in a telephone interview that the helicopter went down in the coastal village of Cley, near the base. He said the aircraft was based there and on a training mission.
The Senate surprised quite a few people in Washington today when it voted to proceed on a bill to temporarily extend emergency unemployment benefits. Six Republicans joined Democrats in voting to get the measure over a key procedural hurdle.
But it was only the first step, and the president is applying pressure to keep it moving.
As snowboarders, skiers and skaters finish their qualifying events to get to the Winter Olympics next month, cross-country skiing siblings Erik and Sadie Bjornsen are waiting to find out if their special edge — each other — will get them both to the games.
Sadie has secured a spot on the Nordic team based on her good season; for Erik, the next two weeks will be the clincher.
Los Angeles County Sheriff Lee Baca made a surprise announcement today. He is resigning at the end of the month. A series of department scandals in the past few years and the prospect of a bruising re-election race may have been factors, as NPR's Karen Grigsby Bates reports.
KAREN GRIGSBY BATES, BYLINE: Ramrod straight, impeccably creased with the five stars of his rank glittering on his collar, Sheriff Lee Baca squinted into the sunlight and told reporters his decision to leave office after 15 years was exactly that, his decision.
JPMorgan Chase has agreed with the U.S. government to settle criminal charges that it failed to report suspicious activity in Bernard Madoff's accounts. The settlement comes to $2.6 billion, but a representative for Madoff's victims says the amount is too small. Madoff bilked investors out of many billions of dollars while JP Morgan Chase was his primary bank.
In a separate action, the-court appointed trustee who's charged with recovering what he can for the investors who were fleeced by Bernard Madoff, today, announced a proposed settlement of his claims against JPMorgan. Trustee Irving Picard submitted two agreements to the bankruptcy court, agreements that add up to $543 million.
Joining us from New York are Mr. Picard and his counsel, David Sheehan. Welcome back to the program.
In New York City, 80 police officers and fire fighters are facing fraud charges. They're accused of a massive scheme to defraud the Social Security Administration. The scheme ran for over a decade and allegedly cost US taxpayers millions of dollars in false claims.