Your Money
7:07 pm
Tue June 12, 2012

Credit Card Debt Cut: The Reason May Surprise You

iStockphoto.com

Originally published on Tue June 12, 2012 7:17 pm

A Federal Reserve study showing that Americans lost wealth in the Great Recession turned up another, perhaps more surprising, result: Credit card debt fell sharply.

"The percentage of families using credit cards for borrowing dropped over the period; the median balance on their accounts fell 16.1 percent" between 2007 and 2010, the report concluded.

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The Two-Way
7:05 pm
Tue June 12, 2012

Dimon Will Tell Congress JPMorgan 'Let People Down' With Trading Loss

JPMorgan Chase Chief Executive Officer Jamie Dimon.
Mario Tama Getty Images

Originally published on Wed June 13, 2012 10:00 am

"This portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. As a result, we have let a lot of people down, and we are sorry for it."

That's part of JPMorgan Chase President and CEO Jamie Dimon will tell the Senate's Committee on Banking, Housing and Urban Affairs tomorrow, when it looks into the botched trades that lost the bank $2 billion. Chase released Dimon's prepared remarks this afternoon.

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Latin America
6:50 pm
Tue June 12, 2012

Venezuela's Chavez Aims To Beat Cancer, Election Foe

Venezuela's President Hugo Chavez arrives atop a truck at the elections office in Caracas on Monday. Chavez addressed thousands of supporters as he formalized his re-election bid. Chavez's younger daughter Rosines is by his side, and on his right is his brother Adan.
Ariana Cubillos AP

Originally published on Thu June 14, 2012 10:38 am

The crowds came out by the thousands in Venezuela on Monday, flooding the streets of Caracas in red T-shirts just as the nation's populist government had promised.

Hugo Chavez — the country's 57-year-old, bigger-than-life leader — then took the stage. He had arrived in an open truck, minutes after registering as a candidate for the Oct. 7 election.

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The Two-Way
6:06 pm
Tue June 12, 2012

Feds Say Mexican Cartel Used American Quarter Horse Racing To Launder Money

Mr. Piloto, which federal authorities are trying confiscate, is offered on a website for sire services.
Southwest Stallion Station

Federal authorities arrested seven people, today, in connection with what authorities say was a multi-million dollar money laundering operation run by Mexican drug cartel Los Zetas.

The scheme allegedly used the millions earned through the illicit drug trade to purchase, train, breed and race American quarter horses in the United States. The Department of Justice said 14 had been indicted; among them is Zetas leader Miguel Ángel Treviño Morales and his brothers Oscar Omar Treviño Morales and José Treviño-Morales.

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Middle East
5:40 pm
Tue June 12, 2012

At Syrian Military Hospital, The Casualties Mount

Members of the U.N. observers mission in Syria visit wounded soldiers and policemen at Tishreen Military Hospital in Damascus on May 23. Casualties among Syrian government forces are rising sharply.
SANA /Handout EPA /Landov

Originally published on Tue June 12, 2012 9:02 pm

Syrian activists have posted thousands of videos of civilians killed and wounded in the 15-month-old conflict. But there have been many casualties on the government side as well, and they are on display at a military hospital in the capital, Damascus.

For Abdul Kareem Mustapha, a 51-year-old colonel in the Syrian army, the war came for him at 8:15 a.m. on his way to his military post.

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It's All Politics
5:35 pm
Tue June 12, 2012

Justice Department Sues Florida As Voter Battle Intensifies

A Republican primary voter walks to her polling precinct in January in St. Petersburg, Fla.
Paul J. Richards AFP/Getty Images

Originally published on Tue June 12, 2012 8:02 pm

The U.S. Department of Justice sued Florida on Tuesday to stop it from trying to remove noncitizens from its voter registration rolls.

The department says the way the state is going about doing this violates federal law. Florida says it's partly the federal government's fault for not sharing citizenship data with the state.

It's all part of the escalating battle between the Obama administration and Republican-led states over voting laws.

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The Two-Way
5:02 pm
Tue June 12, 2012

Five Keys To The NBA's Elemental Finals: Thunder Vs. Heat

The Miami Heat's LeBron James and Kevin Durant of the Oklahoma City Thunder (shown during an April game) will match up again tonight in the first game of the NBA Finals.
J Pat Carter AP

Originally published on Tue June 12, 2012 6:18 pm

Think of tonight's NBA Finals tipoff as an atmospheric game of Rock, Paper, Scissors. Does Heat smother Thunder, or does Thunder storm past Heat?

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The Two-Way
4:39 pm
Tue June 12, 2012

George Zimmerman's Wife Charged With Perjury

In this handout from the Seminole County Sheriff's Office, Shellie Zimmerman, wife of George Zimmerman, the man accused of shooting Trayvon Martin, is seen in a police mug shot on Tuesday in Sanford, Florida.
Handout Getty Images

Originally published on Wed June 13, 2012 9:07 am

Shellie Zimmerman, the wife of George Zimmerman, has been charged with one count of perjury.

According to court documents, Shellie was charged for knowingly making a false statement during the bond hearing of George Zimmerman.

George Zimmerman has been charged with second degree murder in the shooting death of teenager Trayvon Martin, a 17-year-old African-American. George Zimmerman, a neighborhood watch volunteer, has claimed he acted in self defense.

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World Cafe
4:16 pm
Tue June 12, 2012

Sense Of Place: Trombone Shorty's Raging Parade

Trombone Shorty and Orleans Avenue perform at the famous New Orleans jazz bar Tipitina's.
Rick Diamond Getty Images

Originally published on Mon September 10, 2012 1:39 pm

This week, World Cafe invites listeners to discover the music of New Orleans with the series Sense of Place.

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The Two-Way
4:14 pm
Tue June 12, 2012

Vatican Says American Sisters Are Under 'Supreme Direction' Of Holy See

Leaders of a group that represents most Catholic sisters in the United States meet with Vatican officials in Rome today. As we've reported, the sisters went to Rome to talk to the head of the Vatican's Congregation for the Doctrine of the Faith about a report that found the group was running afoul of church doctrine.

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