JPMorgan Chase will have to pay more than $900 million in fines for the way it handled the London Whale trading scandal. Last year, the company revealed that its traders in London had lost $6 billion, and then concealed the losses from executives.
While large fines aren't unusual, it is unusual that federal regulators forced the bank to admit to wrongdoing. But this is exactly what happened. NPR's Sonari Glinton has more.
A close view of the packaging of Grand Theft Auto V at the midnight opening at the HMV music store in London on Tuesday. It made history with a record $800 million in sales on its first day. This version continues to generate controversy over its glorification of violence, drugs and its demeaning portraits of women.
Grand Theft Auto made video game history this week: The latest version of the game had a record $800 million in sales on its first day. As with past versions, the game is generating controversy over its glorification of violence and drugs and its demeaning portrayal of women.
But around 15 percent of its fans are women, who find much to like about the game, even if they do have some ambivalence about it.
There's big money in fantasy sports. Last year, alone, people paid $1.7 billion to play in fantasy leagues. With all that money sloshing around, a fantasy economy has sprung up, giving rise to real businesses. Here are four of them.
The Insurance Company
Henry Olszewski founded Fantasy Sports Insurance in 2008 — the year the financial system nearly collapsed. And, more importantly, the year New England Patriots quarterback Tom Brady suffered a serious hit to the knee.
The Republican-controlled House is set to vote Friday on a stopgap spending bill to keep the government open for business through the middle of December. And the White House has already said if it makes it to the president's desk, he'll veto it. That's because the bill also would defund the Affordable Care Act.
When Dan Miller was growing up, his family lived about a mile away from Wisconsin Rapids, Wisc. He had eight siblings and the family was poor. His father, Robert, supported them by working at Consolidated Papers Inc.
Mississippi Power's Kemper County energy facility near DeKalb, Miss., seen under construction last year. Carbon dioxide will be captured from this plant and used to stimulate production of oil from existing wells.
Credit Rogelio V. Solis / AP
The gasifier facility, still under construction last year at the energy plant. Under the EPA's proposed rules, new plants that run on coal would have to find ways to emit less than half the carbon dioxide current coal plants emit.
The Environmental Protection Agency's second stab at a proposal to set the first-ever limits on greenhouse gas emissions from new power plants would make it impossible for companies to build the kind of coal-fired plants that have been the country's biggest source of electricity for decades.
Under the proposal, released Friday, any new plant that runs on coal would be permitted to emit only about half as much carbon dioxide as an average coal plant puts into the air today.
If President Obama has his way, he will get to fill three more of the 11 slots on the D.C. Circuit Court of Appeals, the second most powerful court in the country. Obama already has filled one vacancy with Sri Srinivasan, who was confirmed back in May.
On Thursday, the Senate Judiciary Committee approved another nominee for the D.C. Circuit, law professor Cornelia "Nina" Pillard.
The wild population of the golden lion tamarin, which lives only in Brazil's Atlantic Forest, fell to just 200 in the 1970s. Conservationists have helped the species rebound, but the monkeys are still at risk as development encroaches on their remaining habitat.
Credit Andrea Hsu / NPR
Power lines, roads and agricultural development in Rio de Janeiro state have isolated golden lion tamarins in forest fragments, leaving them vulnerable to inbreeding and other threats.
Credit Mehgan Murphy / Courtesy of the Smithsonian Institution
The tiny, copper-hued golden lion tamarin is so beloved in Brazil that its image graces the country's 20-real bank note. But this lion-maned monkey is in peril.
There's only one place on earth where the golden lion tamarin lives in the wild: in Brazil's Atlantic Forest, or Mata Atlantica, just north of Rio de Janeiro. Deforestation in the region has reduced the monkey's habitat, once a massive ecosystem stretching for a half-million square miles, to just 2 percent of its original size.