9:59am

Fri May 11, 2012
Planet Money

JP Morgan's $2 Billion Loss, Explained

Originally published on Fri May 11, 2012 11:17 am

Chris McGrath Getty Images

What just happened?

JPMorgan Chase, the biggest bank in America, announced that it lost $2 billion on a massive trade placed out of its London office.

What was the trade?

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9:13am

Fri May 11, 2012
Shots - Health Blog

FDA Gets Advice To Approve First Pill To Cut HIV Infections

Originally published on Fri May 11, 2012 10:31 am

Gilead Sciences' Truvada is a step closer to being approved as a way to prevent HIV infection.
Paul Sakuma AP

In what could mark a watershed in the fight against HIV/AIDS, a panel of experts recommended that the Food and Drug Administration give a green light to a pill that can cut the risk of infections.

The daily pill, Truvada, made by Gilead Sciences, combines two medicines that inhibit the reproduction of HIV. It's already approved as a treatment for HIV, but its use could soon expand to include protection of uninfected people.

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8:18am

Fri May 11, 2012
The Two-Way

JPMorgan 'Rogue Trader' Losses Send Chills Through Markets

Originally published on Fri May 11, 2012 10:46 am

"It was a bad strategy. It was badly executed."

The words of JPMorgan Chase's CEO, Jamie Dimon, as he admitted late yesterday that the investment bank — or, more precisely, a single "rogue trader" working for the bank, had lost some $2 billion in the last six weeks in risky hedge-fund trades.

The news has sent chills through the markets. Shares of JPMorgan Chase, the largest U.S. bank, lost 7 percent in after-hours trading and British bank Barclays lost 2.9 percent, while more than 2 percent was shaved from Royal Bank of Scotland.

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1:52am

Fri May 11, 2012
Religion

Same Bible, Different Verdict On Gay Marriage

Originally published on Thu March 27, 2014 8:43 am

While liberal Christians argue the Bible should be interpreted as society changes, conservatives argue for a more literal reading, leading to differences in belief about God and homosexuality.
Jonathan Gibby Getty Images

When President Obama announced he now supports same-sex marriage, he cited his Christian faith.

"The thing at root that we think about is, not only Christ sacrificing himself on our behalf, but it's also the Golden Rule, you know — treat others the way you would want to be treated," he said in his interview with ABC News.

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1:51am

Fri May 11, 2012
Election 2012

Obama, Romney In The Ring For Nevada's Latino Vote

Originally published on Fri May 11, 2012 6:10 am

Caroline Maya, a 21-year-old college student, registers to vote for the first time at the Latinos for Obama booth outside the Grand Sierra Casino in Reno, Nev., Saturday.
David Welna NPR

President Obama is giving a speech about the economy Friday in Reno, Nev. It's his third trip to Nevada this year. In 2008, he won the state by 12 percentage points — in large part by getting more than three-quarters of the Latino vote.

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1:49am

Fri May 11, 2012
Planet Money

Where Teenagers Run The Economy

Originally published on Fri May 11, 2012 6:10 am

Future central bankers of Ridgefield High
NPR

Every spring, high school students descend on the headquarters of the New York Federal Reserve, a few blocks from Wall Street in downtown Manhattan. They compete to see who does the best impression of a central banker.

The High School Fed Challenge is a big deal. Schools like Montclair High in Montclair, New Jersey have multiple rounds of tryouts just to get on the team. Then they practice for months.

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10:17pm

Thu May 10, 2012
StoryCorps

A Mother And Son, And 'The Good Side Of Things'

Originally published on Fri May 11, 2012 7:11 am

Dennis McLaughlin interviewed his mom, Theresa, at StoryCorps in Portland, Maine, to thank her for how she raised him.
StoryCorps

Dennis McLaughlin interviewed his mom, Theresa, to thank her for how she raised him. Born in 1948 with spina bifida, he was missing several vertebrae and was unable to use his legs. Theresa was a single mom, working in a paper mill near Portland, Maine.

"When you were 1 year old, your grandfather McLaughlin built you a little wheelchair," Theresa says, "built it out of wood that he had and wheels from a tricycle, and you got around in that very, very well."

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5:30pm

Thu May 10, 2012
Mitt Romney

Romney's Views On Gay Marriage: Also Evolving?

Originally published on Fri May 11, 2012 1:39 pm

Republican presidential candidate Mitt Romney greets supporters at a campaign stop in Omaha, Neb.,on Thursday.
Jae C. Hong AP

A day after President Obama announced his support for gay marriage, Republican presidential candidate Mitt Romney avoided the issue at a campaign appearance Thursday in Nebraska.

But in an interview with Fox News, he reiterated his belief that same-sex couples should not be allowed to marry.

Obama has said his position on gay marriage "evolved" over time, and a case can be made that Romney's views on gay rights have changed as well.

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5:16pm

Thu May 10, 2012
The Two-Way

President Of Abortion Rights Group NARAL Will Step Down In January

Nancy Keenan.
AP

The President of NARAL Pro-Choice America, the nation's oldest abortion rights organization, will step down in January, the group said today.

In a statement, Nancy Keenan said she would focus her last eight months "on helping pro-choice candidates win elections."

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5:04pm

Thu May 10, 2012
It's All Politics

Romney, Boehner Message: It's Still The Economy (Not Gay Marriage), Stupid

Originally published on Thu May 10, 2012 5:51 pm

House Speaker John Boehner speaks Thursday at his weekly news conference on Capitol Hill. Boehner spoke on a number of topics but would not comment on gay marriage when asked.
Mark Wilson Getty Images

Let others get distracted by the news the day before that President Obama now personally supports gay marriage. Mitt Romney and Speaker John Boehner said Thursday they intended to stay on message and keep hitting the president in what they view as his Achilles heel — the economy.

Being that it's also the issue voters have in repeated polls said is most important to them, it was hard to argue with their decision.

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