Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.
But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.
Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.
It's a year-end tradition to cobble together a list of the most important advances in science. But, truth be told, many ideas that change the world don't tend to spring from these flashy moments of discovery. Our view of nature — and our technology — often evolve from a sequence of more subtle advances.
Even so, chances are good that this year's list-makers will choose the discovery of the Higgs boson as the most important discovery of 2012.
The sad truth about Karachi in 2012 was that whatever your religion, business affiliation, or political party, someone was willing to kill you for it.
The murder rate in Pakistan's largest city and commercial hub hit an all time high last year. Over 2,500 people died in violent crimes in Karachi in 2012, a 50 percent increase over the year before.
Most of the deaths were attributable to sectarian killings and score settling. Shia Muslims took on the brunt of the violence. But Sunni Muslims were killed in reprisal attacks that added to the tally.
It's been a banner year for solar energy. The United States is on track to install a record number of solar power systems — thanks in large part to low-cost solar panels from China. That's been challenging for American manufacturers, and federal officials have put trade tariffs on Chinese panels.
Things look busy at the SunPower solar manufacturing plant in Silicon Valley. Workers are screwing frames onto shiny, 6-foot solar panels as they come off the line.
2012 will go down as a year of orchestral turmoil in the U.S.: Strikes, lockouts and bankruptcies erupted time and again as once seemingly untouchable institutions struggled financially.
There's been particularly little seasonal cheer in Minnesota's orchestral community. Protests erupted after management at the Minnesota Orchestra and the Saint Paul Chamber Orchestra each locked out their musicians, after the musicians had rejected contracts that cut their salaries by tens of thousands of dollars and reduced the size of the orchestras.
Originally published on Wed January 2, 2013 10:16 am
The White House released this statement from President Obama at 2:30 a.m. on Tuesday:
Leaders from both parties in the Senate came together to reach an agreement that passed with overwhelming bipartisan support today that protects 98 percent of Americans and 97 percent of small business owners from a middle class tax hike. While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay.
Originally published on Mon December 31, 2012 6:55 pm
ROBERT SIEGEL, HOST:
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. There's good news and bad news on the so-called "fiscal cliff," just hours before the nation is set to slide over it. The good news is that top negotiators for the Senate and the White House are by all accounts this close to a deal. The deal would prevent a major income tax hike for most Americans. That starts tomorrow.
Originally published on Mon December 31, 2012 5:22 pm
Chief Justice John Roberts wants everyone to know the federal judiciary is doing its part to keep down government costs. Roberts used his year-end report on the state of the courts to point out that the judicial branch consumes "a miniscule portion of the federal budget" — about $7 billion in fiscal year 2012, or two-tenths of 1 percent of the total government budget.
It is New Year's Eve. And that means people will: go to parties and drink Champagne; ignore the hubbub and go to bed by 10; start cooking for New Year's Day; watch college football — or possibly some combination of the above.