American banks have, for years, been accustomed to making risky bets — not only on behalf of clients but also with their own money. But many are now protesting, and preparing for, a new measure in the works that would reign in what's called proprietary trading: The Volcker Rule. Robert Siegel talks with Ben Protess of the New York Times about a new rule intended to reign in this behavior on the part of banks.
Scientists have used DNA lurking inside the teeth of medieval Black Death victims to figure out the entire genetic code of the deadly bacterium that swept across Europe more than 600 years ago, killing an estimated half of the population.
The researchers didn't find any genetic feature that could explain why the plague was so virulent, according to a report just published in the journal Nature.
A tiny portion of a secret cable released last month by WikiLeaks is just now making its way to the United States. In the Sept. 2009 cable, U.S. Ambassador to Japan John Roos tells the Obama administration that Japan doesn't think it's a good idea for President Obama to visit Hiroshima or to apologize for using an atomic bomb on two Japanese cities during World War II.
The contents of the cable were reported back in September by The Japan Times and ABC News picked it up, today.
GOP presidential hopeful Jon Huntsman says he's the most qualified Republican in the White House race, thanks to his background as governor of Utah, a corporate executive, and as U.S. Ambassador to China. But if Huntsman had lived out his youthful ambition, he would have been none of those things.
"My initial passion in life was to be a rock-and-roll musician," Huntsman told graduates at the University of South Carolina in May.