Originally published on Mon November 4, 2013 3:28 pm
DAVID GREENE, HOST:
NPR's business news starts with a guilty plea.
(SOUNDBITE OF MUSIC)
GREENE: SAC Capital Advisors is expected to plead guilty to securities fraud today. The hedge fund company has agreed to pay $1.8 billion to settle charges of insider trader. It's said to be the biggest fine ever in a case like this. The settlement will be announced at a news conference later today in New York City. And that's where we've reached NPR's Jim Zarroli. And Jim, explain for us, if you can, what SAC has actually agreed to here.
India's launch Tuesday of a satellite bound for Mars is the latest milestone in a space race among Asian nations. China, though, is still seen as the leader. A decade ago, China became the third nation to put up a manned spacecraft; it has worked on a lunar rover, a space station as well as its own unmanned mission to Mars.
Originally published on Wed November 6, 2013 1:34 pm
This is the final report in a four-part series on adult education.
Low literacy rates for adults can have wide-ranging effects on those around them. They may rely more heavily on government services; their children may not get that extra hand with schoolwork; their families may not get sufficient financial support.
But for the millions of adults with low literacy, the ability to read, write and speak English might offer them the most important opportunity of all: a chance to emerge from the shadows and participate as equals in society.
Trumpeter Amir ElSaffar grew up near Chicago, playing jazz trumpet. In the early 2000s, while in his mid-20s, he began investigating the music of his Iraqi heritage, studying in Baghdad and with expatriate musicians in Europe. Then he began combining the two.
At 7 a.m. on a recent weekday morning, the Bedford Diner, in Bedford, Pa., is jumping.
Way in the back, some tables have been pushed together for a weekly prayer breakfast that's really a gathering of old friends â€” all military veterans, some of whom are retired. Art Halvorson, a 58-year-old regular here, is a real estate developer, a former career coast guard pilot and now a Tea Party-backed candidate going after seven-term Rep. Bill Shuster in next year's Republican primary.
And now we'll continue with this theme of using hip-hop to teach. When legendary lyricist and DJ MC Lyte first appeared on the national scene 1988, she wasn't thinking about education. This is her hit song, "Lyte as a Rock."
This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. Coming up, we'll get an update on the humanitarian crisis in Syria. But first, we turn to an issue that affects one out of every seven humans in America, the Supplemental Nutrition Assistance Program - SNAP. Back in 2009, in the depths of the recession, President Obama increased SNAP benefits using stimulus funds, but the temporary increase expired this past Friday.
This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. Coming up, activists in Washington, D.C. are asking jury members to vote their conscience not the law. We'll ask why some people think jury nullification is the only way for minorities to get a fair day in court. That's in just a few minutes.
A new billboard in the nation's capital is stirring some controversy. It tells jury members to forget the law and vote their conscience. It reads - "Jury duty? Know your rights. Good jurors nullify bad laws." And it's caught the attention of prosecutors, not surprisingly. The group behind the ads is called the Fully Informed Jury Association. It says jurors should acquit defendants if they disagree with the law, even if all evidence points towards a guilty verdict.
Originally published on Mon November 4, 2013 9:55 am
Four men in Nairobi, Kenya, are facing charges that include harboring terrorists who conducted an attack that left at least 67 people dead in September. The formal charges are the first filed over the assault and standoff at Nairobi's Westgate Mall.
One of the men is accused of offering refuge to a gunman after the attack, according to court documents cited in Kenyan media. Authorities say others allowed the attackers to stay at their homes before the attack. At least one of them also faces charges related to false identification documents.
Originally published on Mon November 4, 2013 2:21 pm
Reaching a plea deal with federal prosecutors, the hedge fund firm SAC Capital Advisors has agreed to plead guilty to insider trading, pay a $1.8 billion fine and end its investment advisory business.
"U.S. prosecutors on Monday filed a letter describing the deal to the judges in a pair of cases - one criminal, the other a civil forfeiture action - against SAC Capital stemming from a massive insider trading investigation. The judges would have to approve the deal."
Originally published on Mon November 4, 2013 9:23 am
Depending on how many hours you spent in the backseat being tortured by a sibling or how many hours you spent in the driver's seat being forced by your kids to listen to Beat It, this may not be an anniversary you wish to celebrate.
And the honoree has many critics who say it was just darn ugly when it debuted in 1983.
But there are those who seem to be looking back with fondness on the now 30-year-old life of the Chrysler minivan. After all, it's a vehicle that basically created a market that didn't exist, was imitated by others and became a cultural icon.
A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
Did you know November is National Novel Writing Month?
It isn't by order of Congress, but it is on the internet, where you'll see this combination of letters â€” NaNoWriMo â€” all over the place, making absolutely no sense and sounding to the uninitiated like a species of caterpillar or a ship on Star Trek. Amusingly enough, even that is too long for participants trying to pound out a book in a month, so they call it, very often, "NaNo."
Originally published on Mon November 4, 2013 7:15 am
Good morning, fellow political junkies.
This week, the political headlines are expected to be dominated by several important off-year elections whose outcomes seem a foregone conclusion, if you believe the polls.
Democrat Terry McAulliffe in Virginia and Republican Chris Christie in New Jersey have significant polling leads in their governor's races. In New York City, Democrat and mayoral candidate Bill de Blasio appears poised to win in a blowout.
Good morning. I'm Steve Inskeep. Senator Rand Paul is not happy to be accused of plagiarism. He told ABC if dueling was legal, he might challenge one of his critics and seemed to refer to TV host Rachel Maddow. There's just one complication - under all dueling customs, if he challenges Maddow she gets to choose the weapon. Abe Lincoln was once challenged to a duel and chose broadswords, letting the long-armed Lincoln reach his opponent first. That duel was called off. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Something fishy is going on in Michigan. A 20-pound carp is campaigning as a write-in candidate for the city council in Ann Arbor. The fish was removed from a pond last year and released into a nearby river. That's the biography, as we understand it. From the candidate's Twitter feed, the fish describes himself as a politician and bottom-feeder. He tweets: Since I have no actual feet, I don't have to stand for anything. People in Michigan cast their votes tomorrow.
Originally published on Mon November 4, 2013 7:46 am
The trial of ousted Egyptian President Mohammed Morsi opened and then was quickly adjourned Monday in Cairo.
The judge ordered a delay to Jan. 8 after Morsi refused to recognize the court's legitimacy or wear a prison uniform, and after Morsi and other defendants disrupted the proceeding with chants that included "down with military rule, this is a state not a military camp."
Amy Tan was 200 pages into a new novel when she attended a large exhibition on Shanghai life in the early 1900s. While there, she bought a book she thought might help her as she researched details on life in the Old City. She stopped turning pages when she came upon a group portrait.
Now, during the government shutdown, many House Republicans said the policy was unwise, but persisted for weeks in voting with their speaker, John Boehner. One reason was party loyalty. Another reason, according to analysts, was fear. Lawmakers did not want to run the risk of a challenge in a Republican primary from candidates saying they weren't trying hard enough.
It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.
DAVID GREENE, HOST:
And I'm David Greene.
Last month's government shutdown could deliver its first political victim tomorrow. Republican Ken Cuccinelli is trailing in the Virginia Governor's race. During a campaign appearance this weekend, President Obama tried to tie Cuccinelli to the shutdown, and also to the Tea Party. Cuccinelli, in turn, tried to link his Democratic opponent, Terry McAuliffe, to the troubled rollout of Obamacare.
Let's talk about smartphones. And for iPhone users, an important decision: when to upgrade. Apple's latest iPhones, the 5S and 5C, have been out for a couple months now. But some people are resisting temptation. They're perfectly happy with their older iPhones, except for one thing, when they upgrade to Apple's new operating system, things slow down.
To talk about how to manage this decision, we're joined - as we often are - by Bloomberg technology columnist Rich Jaroslovsky. Hey, Rich.
And that brings us to today's last word in business: artwork, lost and found.
Authorities in Munich, Germany have uncovered a huge art collection that was thought to have been lost forever. Seized by the Nazis in the 1930s and '40s, this collection reportedly includes more than 1,500 pieces of art by masters like Picasso, Matisse and Chagall. All told, this collection could be worth over $1 billion.
NPR's business news starts with online gambling in Delaware.
The first state to ratify the Constitution is now leading the way in Internet gambling. Starting this week, Delaware gamblers will be able to play poker, roulette, blackjack and slots from the comfort of their own homes - or at a Starbucks somewhere - as long as they're registered through one of the state's three casinos and are physically in Delaware. If you're in Delaware, you can gamble online.