NPR's business news starts with a bank writing another big check.
(SOUNDBITE OF MUSIC)
INSKEEP: The Royal Bank of Scotland was fined $100 million yesterday for violating American sanctions on Iran and Cuba. The bank had given its U.K. employees step-by-step instructions on how to keep transactions from being detected for sanctions violations.
Last year, the London-based banks Standard Chartered and HSBC also received fines for breaking U.S. sanctions. Transcript provided by NPR, Copyright NPR.
California, according to recent budget numbers, is slowly recovering from its years of multi-billion dollar budget deficits. The state is on track to turn a $2.5 billion budget surplus at the end of the current fiscal year. But that's general fund money. It does not address another gaping deficit. The state owes almost $10 billion to the federal government for money spent on unemployment benefits.
All this week on MORNING EDITION we've been hearing about veterans we don't usually discuss, people who served in the military and then left with a less than honorable discharge. Even if they saw combat, veterans with bad paper, as it's called, do not get the healthcare or benefits accorded to most vets.
This story is part of a project on commuting in America.
Millions of commuters across the country have a new way to get around. In the past few years, bike-sharing systems have popped up from Boston to Minnesota to Washington, D.C. They're supposed to make commuting easier, greener and cheaper. But the people who arguably need these bikes the most are often the least likely to access them.
The shooting in Newtown, Conn., last December has left families of the 26 victims, most of them children, struggling to heal in different ways.
Jeremy Richman and Jennifer Hensel are one such family. They lost their only child, 6-year-old Avielle, in the shooting. In the year since, they've responded as any parents would: Asking why such a tragedy could have happened.
Longtime civil rights attorney Connie Rice has been following this week's indictments against officers in the Los Angeles County Sheriff's Department. She says it points to a subculture of corruption within certain units, much like the city's scandal-ridden police department of the 1990s.
In the main downtown jails, sheriff's officers are accused of beating and choking inmates without provocation, harassing visitors and then covering it all up.
Some of the biggest ski resorts anywhere lie in U.S. Rep. Jared Polis' Colorado district, dotting the peaks of Summit and Eagle counties, about a hundred miles west of Denver. The area has a high rate of uninsured people and also, it turns out, health plans that are much more expensive than similar plans in surrounding regions. So expensive that Polis, a Democrat, has asked the federal government to exempt some of his constituents from the requirement to buy health insurance.
Ireland is about to become the first European country to emerge from an international bailout in the wake of the financial crisis. Like other European countries, Ireland has been in a period of austerity — higher taxes and more cutbacks.
The nation's technology sector has been protected, however, as Ireland makes a concerted effort to attract foreign businesses through tax incentives and development programs.
But Ireland's methods have also been criticized — locally and internationally.
In Mexico, Dec. 12 is the day to celebrate the country's most revered religious icon: the Virgin of Guadalupe.
As many as 6 million pilgrims have made their way to the Mexican capital to pay homage to the country's patron saint on Thursday, and one woman has taken her devotion of the Virgin and turned it into a multimillion-dollar company.