Federal and state authorities have received criticism after deciding not to indict HSBC on accusations that it laundered money for Mexican drug cartels and conducted prohibited transactions on behalf of countries like Iran and Sudan. Instead, they entered into a $1.9 billion settlement this week with the bank.
There's no question that HSBC is a massive, sprawling operation. It markets itself as the world's local bank. But watchdogs of the banking industry say mere size should never insulate an organization from the law.
I went to Toys R Us recently to buy my son a Lego set for Hanukkah. Did you know a small box of Legos costs $60? Sixty bucks for 102 plastic blocks!
In fact, I learned, Lego sets can sell for thousands of dollars. And despite these prices, Lego has about 70 percent of the construction-toy market. Why? Why doesn't some competitor sell plastic blocks for less? Lego's patents expired a while ago. How hard could it be to make a cheap knockoff?
Brothers John and Martin Pizzarelli were born into a family of musicians. Their father is the famed jazz guitarist, Bucky Pizzarelli, who, during the 1960s, performed in the Tonight Show Band and who worked as a session player for rock acts such as Dion and the Belmonts. Musical greats, too, were in and out of the Pizzarelli house in Paterson, New Jersey, as John and Martin were growing up. It makes perfect sense then that, eventually, Martin picked up the upright bass professionally and John found his calling with jazz guitar, singing and songwriting.
Originally published on Thu December 13, 2012 1:15 pm
In 2013 and 2014, there will be a number of substantial realignments in the NCAA conferences. Some believe that the realignment process will ultimately result in the creation of four "super conferences." NPR's Mike Pesca talks about how conference shifts could effect the future of college athletics.
This is TALK OF THE NATION. I'm Neal Conan in Washington. Many of us may not be able to point to Mali on a map, but this landlocked nation in West Africa has emerged as a crisis. Here's a quick synopsis: A government once hailed as a model of democracy collapses in a coup last March. Three northern provinces, an area the size of Texas, break away and declare themselves independent.
This is TALK OF THE NATION. I'm Neal Conan in Washington. We're in the worst drought since the 1950s, according to NOAA, and while we associated extended dry spells with summer, conditions out west have remained unchanged since the warm weather ended.
2012 has been a very jittery year — what with the presidential election, extreme weather events and the looming "fiscal cliff." In response to these tense times, some readers seek out escape; others look to literature that directly confronts the atmospheric uncertainty of the age. I guess I'm in the latter camp, because many of my favorite books this year told stories, imagined and real, about ordinary people who felt like they didn't have a clue what hit 'em.