Some other news. The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial reform bill passed a couple of years ago. It restricts American banks from making trades that put the bank and depositor funds at risk.
But as NPR's Yuki Noguchi reports, regulators are struggling to iron out the details.
Originally published on Fri April 20, 2012 6:18 am
Nokia gave its new Lumia smartphone a splashy launch this month. The phone runs on a new Microsoft operating system and is a key part of the Finnish company's efforts to regain market share. But on Thursday, Nokia admitted that its new phone isn't connecting with consumers.
The Florida judge in the case of George Zimmerman, who shot and killed teenager Trayvon Martin in February, set bail this morning of $150,000. Zimmerman took the stand during the hearing and told Martin's parents that he was sorry for the loss of their son. Zimmerman is charged with second-degree murder, but he claims self-defense. Cable TV news channels carried the bail hearing live.
Yesterday, we reported on the fundraisers that lobbyists hold for Congressmen every day in Washington. Today, we hear what happens inside those events. The stories are part of our series on money in politics.
The British Library in London has just paid about $14 million to purchase Europe's oldest intact book, known as the St. Cuthbert Gospel. It's a copy of the Gospel of St. John, thought to have been produced in northeastern England sometime during the seventh century.
King Juan Carlos of Spain is discharged from Hospital San Jose in Madrid on Wednesday after undergoing hip replacement surgery. He fractured his hip during a recent elephant hunting trip to Botswana. The trip cost nearly $60,000 and has caused a furor in the country, which is suffering record unemployment and is being squeezed by austerity measures.
Members of the animal-rights group Igualdad Animal protest outside the Madrid hospital where Spanish King Juan Carlos was recovering after hip surgery this week. The king, who went elephant hunting in Africa, is the honorary president of the World Wildlife Fund in Spain.
The past week's political firestorm in the presidential race focused on stay-at-home moms, but two-thirds of women with young children now work. Nearly half are their family's primary breadwinner. What some feel is being lost in the political debate are the challenges they face in the workplace.
For the past two weeks, the campaigns of both President Obama and GOP rival Mitt Romney have accused each other of waging a war on women. But what's really going on is a war for women's votes.
The president, like Democrats before him, has an advantage with female voters — who make up 53 percent of the American electorate. Romney is trying to close the gender gap by using his most powerful and popular surrogate: his wife.