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3:40 am
Fri September 20, 2013

Why Companies And CEOs Rarely Admit To Wrongdoing

Originally published on Fri September 20, 2013 10:56 am

Transcript

RENEE MONTAGNE, HOST:

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.

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NPR Story
3:40 am
Fri September 20, 2013

Hiroshi Yamauchi Dies At 85, Expanded Nintendo

Originally published on Fri September 20, 2013 5:58 am

In 1949, Hiroshi Yamauchi left school to take over Nintendo after his grandfather died. He made it a dominate force in the game industry. He retired as president in 2002. He died on Thursday in Japan.

Parallels
2:44 am
Fri September 20, 2013

Visit Paris And Venice In The Same Afternoon (In China)

Sky City, a replica of Paris, is a 40-minute drive from Hangzhou in East China's Zhejiang province. The rich people that developers hoped would move here never materialized.
Frank Langfitt NPR

Originally published on Fri September 20, 2013 1:54 pm

Want to visit Paris and Venice in the same afternoon?

You can, if you're in China.

Chinese developers have for years built residential communities that mimic famous European cities and towns. They are the subject of a new book, Original Copies: Architectural Mimicry in Contemporary China.

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Planet Money
2:31 am
Fri September 20, 2013

Cashing In On The Fantasy-Sports Economy

Lots of fantasy managers are taking out insurance on Adrian Peterson this year.
Charles Rex Arbogast AP

Originally published on Tue September 24, 2013 3:04 pm

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.

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It's All Politics
2:28 am
Fri September 20, 2013

House Nears Vote To Fund Government, Defund Obamacare

House Speaker John Boehner, R-Ohio, talks about the deadline to fund the government Thursday on Capitol Hill.
J. Scott Applewhite AP

Originally published on Fri September 20, 2013 10:18 am

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.

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StoryCorps
2:25 am
Fri September 20, 2013

Forging A Different Parenting Path

Dan Miller grew up in a family of nine children in Wisconsin. They were poor, and his father supported them by working at a local paper factory.
StoryCorps

Originally published on Fri September 20, 2013 8:30 am

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.

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Around the Nation
2:23 am
Fri September 20, 2013

Calif. Seeks Answers On Questionable Prison Sterilizations

Lawmakers in California have called for an internal audit after an investigation revealed that women were receiving sterilization procedures improperly at several state prisons, including the Valley State Prison for Women, pictured here in 2000.
Gary Kazanjian AP

Originally published on Fri September 20, 2013 8:04 am

Sitting in her San Francisco living room, Kimberly Jeffrey is combing her son Noel's hair. He groans, but she meets his energy with calm — and adoration.

Noel's birth was not an easy time. While Jeffrey was pregnant, she served a six-month sentence for petty theft at a state prison. When it came time to deliver Noel through a caesarean-section, Jeffrey was also confronted with the prospect of sterilization.

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The Salt
2:22 am
Fri September 20, 2013

Diet Of Defeat: Why Football Fans Mourn With High-Fat Food

Football fans ate fattier meals the day after their teams lost a game, a study found.
iStockphoto.com

Originally published on Mon September 23, 2013 4:35 pm

Backing a losing NFL team isn't just bad for your pride.

It's bad for your waistline.

A study that links sports outcomes with the eating behavior of fans finds that backers of NFL teams eat more food and fattier food the day after a loss. Backers of winning teams, by contrast, eat lighter food, and in moderation.

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Around the Nation
12:57 am
Fri September 20, 2013

12, Including 3-Year-Old, shot In Chicago Park

Originally published on Fri September 20, 2013 2:34 am

Twelve people, including a 3-year-old, were injured late Thursday when someone opened fire on people in a park on Chicago's southwest side.

Chicago Fire Department officials said the child was in critical condition. Two other victims were also in critical condition. The others were reported in serious to fair condition.

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Environment
11:08 pm
Thu September 19, 2013

EPA Wants To Limit Greenhouse Gases From New Coal Power Plants

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.
Rogelio V. Solis AP

Originally published on Fri September 20, 2013 7:11 pm

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.

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