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The Two-Way
4:49 pm
Wed October 10, 2012

JPMorgan Chase CEO: 'I Should Have Caught' $5.8 Billion Error

JP Morgan Chase CEO Jamie Dimon, wearing a dark suit possibly made of sackcloth, didn't hold back when discussing the derivative trades that led to massive losses for his company.

"We made a stupid error," he said before a lunchtime audience at the Council on Foreign Relations in Washington on Wednesday. "We screwed up."

Then he got more specific: "I should have caught it ... I didn't."

The company estimates it lost $5.8 billion, thanks to a London-based trader, nicknamed the "London whale," who took large, risky positions in credit derivatives.

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World Cafe
4:49 pm
Wed October 10, 2012

Debo Band On World Cafe

Debo Band.
Shawn Brackbill Courtesy of the artist

Originally published on Thu October 11, 2012 2:18 pm

The 11-member group from Boston known as Debo Band has a sound influenced by the traditional music played in Addis Ababa, Ethiopia, in the late '60s and early '70s. This style, labeled "Addis swing," came about amid the cultural freedom of that period, before a military coup put an end to the era. Ethiopian-American saxophonist Danny Mekonnen, who was born in Sudan and grew up in Texas, founded Debo Band, which released a self-titled album in July.

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It's All Politics
4:38 pm
Wed October 10, 2012

Romney, Obama Surrogates Clash Over Military Strategy

Originally published on Wed October 10, 2012 5:16 pm

The Romney campaign is putting more meat on the bones of its defense policy, and the result is a muscular, almost hawkish posture.

Dov Zakheim, Mitt Romney's special adviser for foreign policy and national security, went toe-to-toe with Richard Verma, who plays a similar role for the Obama campaign, at a forum Wednesday.

The two tussled for over an hour in a foreign policy debate of sorts at a Washington, D.C., hotel.

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Music News
4:24 pm
Wed October 10, 2012

An Immigrant's 'Star-Spangled Banner,' En Español

Clotilde Arias (seated) with composer and arranger Terig Tucci, circa 1943.
Courtesy of the Arias family

Originally published on Wed October 10, 2012 6:57 pm

In 2006, Roger Arias went into his garage searching for a long-lost treasure. He remembered a story about his grandmother and a Spanish translation of "The Star-Spangled Banner."

"I dug through my boxes and sure enough, there was a folder," he says. "It said 'The National Anthem,' and she had version 1 through 10. She kept every one of them."

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Religion
4:15 pm
Wed October 10, 2012

Why Is Vatican II So Important?

Pope Paul VI hands Orthodox Metropolitan Meliton of Heliopolis a decree during the December 1965 session of the Roman Catholic Ecumenical Council in Vatican City. The decree cancels excommunications that led to the break between the Roman and Orthodox churches nine centuries before.
AP

When Pope John XXIII announced the creation of the Second Vatican Council (also known as Vatican II) in January 1959, it shocked the world. There hadn't been an ecumenical council — an assembly of Roman Catholic religious leaders meant to settle doctrinal issues — in nearly 100 years.

"Many people maintained that with the definition of papal infallibility in 1870, councils were no longer needed. So it was a big surprise," Georgetown University professor Rev. John W. O'Malley says.

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Deceptive Cadence
4:06 pm
Wed October 10, 2012

During Lockout Season, Orchestra Musicians Grapple With Their Future

The Minnesota Orchestra is one of many orchestras around the country dealing with labor disputes.
Greg Helgeson

Originally published on Thu October 11, 2012 1:05 pm

It's been a tumultuous time for American orchestras. Labor disputes have shut down the Minnesota Orchestra and Indianapolis Symphony, and strikes and lockouts have affected orchestras in Chicago, Atlanta and Louisville in the past year.

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Music News
4:02 pm
Wed October 10, 2012

You, Too, Can Print Your Own Guitar

Industrial engineer Scott Summit made this guitar out of nylon powder.
Courtesy of Scott Summit

Originally published on Wed October 10, 2012 6:57 pm

Though it's been around for three decades, 3-D printing has finally started to take off for manufacturing and even for regular consumers. It's being used for making airplane parts on demand and letting kids make their own toys. One designer is pushing the limits of 3-D printing by using it to make an acoustic guitar.

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Shots - Health Blog
3:40 pm
Wed October 10, 2012

How Do Public Data About Heart Attack Treatment Change It?

Too risky to fix?
Clayton Hansen iStockphoto.com

Originally published on Thu October 11, 2012 7:38 am

Measurement has long been a cornerstone of quality improvement, whether it's on the factory floor or the hospital ward.

And making the quality scores of doctors and hospitals publicly available is central to the idea that health care can become a service that patients shop for intelligently. The results can also ratchet up professional peer pressure for improvement.

But does public reporting lead doctors and hospitals to game the system by withholding care from the sickest patients?

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It's All Politics
3:27 pm
Wed October 10, 2012

As Race Tightens, The Electoral Map Still Favors Obama

A boy examines CSPAN's 2012 presidential race electoral map at the American Presidential Experience exhibit last month in Charlotte, N.C.
Brendan Smialowski AFP/Getty Images

Originally published on Wed October 10, 2012 7:17 pm

Mitt Romney may have seized the advantage in terms of poll numbers and momentum, but there's one area where President Obama enjoys the upper hand.

In the end, it's the only area that counts: the Electoral College. Over the past 20 years, Republicans have had a much lower ceiling when it comes to electoral support, while Democrats have had a significantly higher floor.

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The Two-Way
3:16 pm
Wed October 10, 2012

'Human Hamster Wheel' Sinks; Here's Video Of How It Used To Work

The hamster wheel, before she sank.
Facebook.com/IrishSeaCrossing

Originally published on Wed October 10, 2012 6:57 pm

As our friends at All Things Considered say, "it's been a frustrating week for daredevils."

Felix Baumgartner had to postpone his attempt to rise 23 miles high in the sky and then jump from a balloon to see if he can break the speed of sound on the way down.

And maybe you haven't heard, but Chris Todd had to give on his "walk" across the Irish Sea in a human hamster wheel.

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The Two-Way
2:30 pm
Wed October 10, 2012

'Sweatt Vs. Texas': Nearly Forgotten, But Landmark Integration Case

Heman Sweatt in line for registration at the University of Texas in 1950.
Dolph Briscoe Center for American History

Originally published on Mon June 24, 2013 2:06 pm

The Supreme Court heard oral arguments today in the affirmative action case of Fisher v. the University of Texas at Austin, as NPR's Nina Totenberg will report later today on All Things Considered.

But we want to take a moment to remember another landmark case that brought the University of Texas to the Supreme Court 62 years ago.

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The Two-Way
1:55 pm
Wed October 10, 2012

Record-Breaking Skydive Attempt Scrapped For Second Day

In this photo provided by Red Bull, Pilot Felix Baumgartner of Austria steps in the capsule during the second manned test flight for Red Bull Stratos in July.
Getty Images

In case you were wondering, Felix Baumgartner, who was scheduled to jump out of a capsule floating at 120,000 feet, has cancelled his attempt for a second day in a row.

The BBC reports that like yesterday gusty winds in Roswell, New Mexico, halted Thursday's plans.

Baumgartner is trying to break the speed of sound using only his body.

The BBC adds:

"Baumgartner is trying to topple records that have stood for more than 50 years.

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The Two-Way
1:30 pm
Wed October 10, 2012

Sharp Criticism, Some Words In Defense At Hearing On Benghazi Attack

Originally published on Wed October 10, 2012 6:57 pm

Two very different views from two different witnesses today as the House House Oversight and Government Reform Committee opened its probe into the Sept. 11 attack on the U.S. consulate in Benghazi, Libya, in which ambassador Chris Stevens and three other Americans were killed.

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Author Interviews
1:25 pm
Wed October 10, 2012

'Signal' And 'Noise': Prediction As Art And Science

iStockphoto.com

Originally published on Wed October 10, 2012 1:56 pm

No one has a crystal ball, but Nate Silver has perfected the art of prediction. In 2008, he accurately predicted the presidential winner of 49 of the 50 states, and the winners of all 35 Senate races. Before he focused on elections, Silver developed a sophisticated system for analyzing baseball players' potential and became a skilled poker player — which is how he made his living for a while.

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Election Coverage
1:08 pm
Wed October 10, 2012

Obama's Secret Weapon In The South: Small, Dead, But Still Kickin'

Ron Blakey Northern Arizona University

Originally published on Wed October 10, 2012 3:10 pm

Look at this map, and notice that deep, deep in the Republican South, there's a thin blue band stretching from the Carolinas through Georgia, Alabama and Mississippi. These are the counties that went for Obama in the last election. A blue crescent in a sea of red.

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The Salt
12:57 pm
Wed October 10, 2012

Liquid Nitrogen Cocktails: Smoking Hot Trend Or Unnecessary Risk?

A bartender prepares cocktails using liquid nitrogen at Bourbon and Branch in San Francisco.
John Joh/star5112 Flickr.com

Originally published on Wed October 10, 2012 3:21 pm

Doctors use liquid nitrogen — a substance registering a wickedly cold 321 degrees below zero Fahrenheit — to freeze warts so they dry up and fall off. Yes, folks, this stuff kills tissue. So imagine what it might do to your stomach if you drink some.

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The Two-Way
12:56 pm
Wed October 10, 2012

Report: Solitary Confinement For Minors Could Have Lasting Consequences

A new report warns thousands of young people held in solitary confinement each year inside adult jails and prisons could suffer lasting consequences including hallucinations and mental illness.

The study by the American Civil Liberties Union and Human Rights Watch reached out to 125 juveniles in 19 states. Many of them reported being isolated for weeks at a time, in small cells with little natural light, no access to education, and minimal opportunities to exercise.

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Intelligence Squared U.S.
12:19 pm
Wed October 10, 2012

Better To Elect Islamists Than Have Dictators?

Daniel Pipes (right) and Dr. M. Zuhdi Jasser argue against the motion, "Better Elected Islamists Than Dictators."
Samuel LaHoz

Originally published on Wed October 10, 2012 12:48 pm

  • Listen To The Full Audio Of The Debate
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"Politics is the art of choosing between the disastrous and the unpalatable," economist John Kenneth Galbraith once said. In the aftermath of the Arab Spring, dictators have been toppled and new leaders have begun to emerge. Islamists, once marginalized, have been voted into power. Which leadership scenario is better?

The argument for dictators is that a number have been reliable allies for the United States. But under their rule, dictators use repressive means to squash opposition and stay in power.

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The Two-Way
12:11 pm
Wed October 10, 2012

Doping Agency Says 11 Teammates Testified Against Lance Armstrong

Lance Armstrong competes in the Rev3 Half Full Triathalon Sunday in Ellicott City, Md. Armstrong joined other cancer survivors in the event, which raised funds for the Ulman Cancer Fund for Young Adults.
Steve Ruark AP

Originally published on Wed October 10, 2012 6:57 pm

The United States Anti-Doping Agency has made public all the evidence it has against cyclist Lance Armstrong. This is the culmination of a battle that has raged for years: The USADA has said its evidence proves beyond doubt that the now-dethroned seven-time Tour de France winner doped, and Armstrong has always maintained his innocence.

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The Two-Way
12:06 pm
Wed October 10, 2012

Member Of Russia's Pussy Riot Freed; Two Others Remain In Jail

Yekaterina Samutsevich of Pussy Riot after her release from prison today in Moscow.
Natalia Kolesnikova AFP/Getty Images

One member of the Russian punk band Pussy Riot was set free by a Moscow court today. But two others who were given two-year prison sentences after being convicted of "hooliganism connected to 'religious hatred' " will remain in prison.

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