And the biggest bank in the U.S., JPMorgan Chase, says it has lost $4.4 billion from its failed hedging strategy involving a secretive trader. That's more than twice the bank's earlier estimate. The company released its second-quarter earnings report this morning, and NPR's Jim Zarroli is with us now to talk about them. Jim, what is the company telling investors this morning about that money?
Freddie Wood stands at the counter of the Wood & Swink general store in Evinston, Fla.
The Wood & Swink general store sits near the crossroads of two county roads. Wilma Sue Wood, who was Evinston's postmaster for 32 years, says the town's 150 or so residents visit to hear news: "Who's had a baby; who's died."
The store also sells produce from the Woods' farm.
Evinston's post office is on a U.S. Postal Service list of rural facilities facing cuts in their operating hours.
<p>"The post office and the store, I just love it," Wood says. He spends most of his afternoons sitting in a rocking chair in the middle of the store.</p><p></p>
Freddie Wood stands at the counter of the Wood & Swink general store in Evinston, Fla. The store, founded in the late 1800s, houses the oldest post office in Florida.
Freddie Wood and Wilma Sue Wood, the former postmaster in Evinston, Fla. Wilma Sue says people visit the post office to learn "who's had a baby; who's died."
This month, the U.S. Postal Service begins cutting back hours and services at rural post offices across the country. One store facing changes sits inside the Wood & Swink general store in the northern Florida town of Evinston. The store has been in Freddie Wood's family for more than 100 years. In that time, it's gone through only small changes.
Half of San Bernardino County's 300,000 mortgages are underwater. In an attempt to ease the mortgage crisis, the Southern California county is considering taking control of some of those properties by eminent domain.
County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.
Some of the most interesting discoveries in archaeology come from sifting through ancient garbage dumps. Scientists working in Oregon have found one that has yielded what they say are the oldest human remains in the Americas and a puzzle about the earliest American tools.
Early Americans used Oregon's Paisley Caves for, among other things, a toilet. Little did they know that scientists would be picking through what they left behind.
Europe is struggling, thanks to a relentless debt crisis. Compounding its problems: It is not one country, but 17.
Many observers agree that to solve their problems, those countries have to start looking a lot more like one country. And there is a force in Europe trying to make that happen: the European Central Bank. The weapon it has that everyone else lacks? Money.
New questions about Mitt Romney's overseas investments have dogged the GOP presidential contender all week. Many arose from a report in the latest issue of Vanity Fair. It describes how the day before Romney was sworn in as governor of Massachusetts, he put a corporation he'd set up in Bermuda in a blind trust held by his wife, Ann. Romney insists he did nothing wrong.
We told readers not to "get excited" in our headline about PBS' History Detectives potentially misidentifying a guitar from Bob Dylan's first electric performance. Our commenters took our advice, but they certainly showed some ire that the guitar, famous or not, would not have been returned to the artist in the first place.
Arizona businessman Wil Cardon attends a luncheon in Scottsdale. Cardon faces six-term Rep. Jeff Flake in the Republican primary race for U.S. Senate.
Credit Andrea Hsu / NPR
Wes Harris, founder of the Original North Phoenix Tea Party, has been a registered Democrat, independent and now Republican. He says that while Tea Party activism had dropped off over the past two years, issues like health care and immigration are starting to draw people back.
Credit Andrea Hsu / NPR
A Tea Party activist rallies in support of Arizona's tough immigration law in Phoenix in April.
Maricopa County, Ariz., where 3 out of 5 Republicans in the state live, has become a hotbed of Tea Party activism.
That's where the head of the Original North Phoenix Tea Party lives. His name is Wesley Harris, and he used to manufacture precision rifle barrels. These days, his son runs the business, while Harris spends most of his time as a full-time Tea Party activist.