Federal regulators have filed civil charges against former New Jersey Governor Jon Corzine in connection with the failure of his commodities firm, MF Global. The government says Corzine failed to stop the firm from dipping into customer funds during a financial crisis in October 2011.
The Senate passed a sweeping immigration overhaul bill Thursday with bipartisan support. The legislation, passed by a vote of 68 to 32, would put millions in the country illegally on a path to citizenship and vastly expand border security.
One leader for whom immigration has always been an issue is Antonio Villaraigosa, the mayor of Los Angeles. He steps down this weekend, after two terms in office. He's the city's first Latino mayor in over a century, a local boy born in East L.A., far from the L.A. that dreams are made of. He joined us here at NPR West to talk about his time leading the second-largest city in the country. Good morning.
MAYOR ANTONIO VILLARAIGOSA: Good morning to you, Renee.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
DAVID GREENE, HOST:
And I'm David Greene. Good morning. Well, now that summer is officially here, we thought this might be a good time to check in with some of our colleagues to find out how the federal budget cuts known as sequestration are playing out. These cuts went into effect in the spring, and it is becoming clear that some federal agencies and programs are feeling the brunt, while others have largely escaped.
And last week was a wild one for China's economy. First, interest rates on the loans that banks give each other spiked. As the banks struggled to get money, stock markets dropped - not only in China - but throughout Asia - and briefly in New York.
Things have calmed down since then. But the crisis showed how China's new leaders are just beginning to confront some fundamental problems in the world's second largest economy.
We're going to NPR's Frank Langfitt in Shanghai to tell us what they're doing.
To understand why Bosnian Rainbows' music stands out, you have to go back to 2007 in Guadalajara, Mexico. A singer named Teresa Suarez has taken the stage name Teri Gender Bender — adopted as a feminist statement while at the head of a band called Le Butcherettes.
What if we could get our gasoline, diesel fuel and jet fuel from yeast instead of from oil wells? That's not as crazy as it sounds. In fact, it's already happening on a small scale. And there's a vigorous research effort to ramp this up on a massive scale.
One of the more innovative approaches uses a new technology called "synthetic biology." Jay Keasling is one of the leaders in this hot field.
The U.S. is ready for tornadoes, but not tsunamis.
That's the conclusion of a panel of scientists who spoke this week on "mega-disasters" at the American Geophysical Union's science policy meeting in Washington, D.C.
The nation has done a good job preparing for natural disasters like hurricanes and tornadoes, which occur frequently but usually produce limited damage and relatively few casualties, the panelists said. But government officials are just beginning to develop plans for events like a major tsunami or a large asteroid hurtling toward a populated area.
Climate change seems like this complicated problem with a million pieces. But Henry Jacoby, an economist at MIT's business school, says there's really just one thing you need to do to solve the problem: Tax carbon emissions.
"If you let the economists write the legislation," Jacoby says, "it could be quite simple." He says he could fit the whole bill on one page.
Basically, Jacoby would tax fossil fuels in proportion to the amount of carbon they release. That would make coal, oil and natural gas more expensive. That's it; that's the whole plan.