Economy
6:18 pm
Sat May 19, 2012

Could Glass-Steagall Have Stopped JPMorgan Loss?

JPMorgan, the largest bank in the United States, is seeking to minimize the damage caused by a $2 billion trading loss, disclosed earlier this month.
Mark Lennihan AP

Originally published on Mon May 21, 2012 1:15 pm

Following JP Morgan's disclosure of a $2 billion loss, a small but increasingly vocal group of lawmakers and economists are arguing that a 60-year-old piece if financial legislation should never have been repealed in 1999.

They say the law, known as the Glass-Steagall Act, was so consequential that there's a direct link between its repeal and both the 2008 financial meltdown and JPMorgan's huge loss.

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The Two-Way
5:48 pm
Sat May 19, 2012

Chinese Activist Takes A Sudden Journey To The West

Chinese legal activist Chen Guangcheng, center, arrives at Washington Square Village on the campus of New York University on Saturday in New York. Chen escaped from his village in April and was given sanctuary inside the U.S.
Henny Ray Abrams AP

Originally published on Mon May 21, 2012 6:52 am

Update At 7:47 P.M. ET. Chen Guangcheng Addresses A Crowd Outside New York University:

Addressing a crowd outside New York University, Chinese dissident Chen Guangcheng said he was grateful to the U.S. Embassy staff in Beijing for providing him a "safe haven." Through an interpreter, he said he was gratified that the Chinese government was handling his situation with "restraint and calm" and thankful for the opportunity to leave China to study at NYU.

Chen said he hoped Beijing would keep its promise to protect the family he had left behind.

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Around the Nation
4:52 pm
Sat May 19, 2012

Obama Hosts World Leaders At G8 Summit

Originally published on Sat May 19, 2012 6:18 pm

NPR's Scott Horsley talks about what some are terming the "diplopaloozaa" this weekend, when President Obama hosts the G8 conference at Camp David on Saturday and the next day plays host to two dozen NATO heads of state in Chicago.

Asia
4:52 pm
Sat May 19, 2012

Dissident Leaves China For U.S.

Originally published on Sat May 19, 2012 6:18 pm

Blind Chinese activist Chen Guangcheng and his family are due to arrive in Newark this evening after a surprise early-morning flight from Beijing. Host Guy Raz gets the latest from NPR's Michele Kelemen, who's been following the story.

The Two-Way
1:28 pm
Sat May 19, 2012

Oldest Woman To Summit Everest Breaks Record A Second Time

Tamae Watanabe (right) of Japan in 2002 at a base camp on the foot of Mount Everest in Nepal. She became the oldest woman to summit during that climb. She did it again Saturday morning at age 73.
AP

At 73, Tamae Watanabe is the oldest woman to summit Mount Everest — again. The last time she made the record, she was 63.

She reached the top with four other team members Saturday morning after an all-night climb, Asian Trekking says. The Japanese mountaineer was leading Asian Trekking's International Everest Expedition 2012.

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Business
8:16 am
Sat May 19, 2012

Average Investors Share Facebook Feelings

Originally published on Sat May 19, 2012 11:19 am

Transcript

SCOTT SIMON, HOST:

The Facebook IPO hasn't just sent a jolt of excitement through Silicon Valley, there are many average individual investors who are also thrilled. NPR's Sonari Glinton has more.

SONARI GLINTON, BYLINE: All right. It's a little after 9:30 on Friday. The bell just rang on the NASDAQ, and I'm gonna check in with some regular investors. I'm gonna start with Nelly Sai-Palm. She's a student at the University of Chicago's Booth School of Business, and I'm going to give her a call.

(SOUNDBITE OF TELEPHONE RINGING)

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Asia
8:16 am
Sat May 19, 2012

Chinese Activist Leaves Beijing For U.S.

Originally published on Sat May 19, 2012 11:19 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon.

Chen Guangcheng, the blind, Chinese human rights lawyer, is on a plane headed for America right now, according to his friends and supporters. Chinese authorities gave Mr. Chen a passport today and drove him to an airport in Beijing. His departure caps a remarkable few weeks that included a daring escape from house arrest and high-stakes, diplomatic negotiations.

NPR's Frank Langfitt has been following the story from Shanghai. Frank, thanks for being with us.

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Business
8:16 am
Sat May 19, 2012

What To Expect In Facebook's Future

Originally published on Sat May 19, 2012 11:19 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. Stock in Facebook went on sale for the first time yesterday, the largest initial public offering of stock for an Internet company, and the sale instantly created scores of millionaires in Silicon Valley, about half a dozen or so billionaires. NPR's technology correspondent Steven Henn joins us. He's followed it all from Silicon Valley. Steve, thanks for being with us.

STEVE HENN, BYLINE: Sure, my pleasure.

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Technology
8:16 am
Sat May 19, 2012

Journey Through Musical Time With This App

Originally published on Sat May 19, 2012 11:19 am

Transcript

SCOTT SIMON, HOST:

Music has a way of transporting us in time.

(SOUNDBITE OF SONG, "G.I. JIVE")

SIMON: So, indulge a little. Close your eyes, turn up the radio, you might just get transported to 1944.

(SOUNDBITE OF SONG, "G.I. JIVE")

LOUIS JORDAN: (Singing) P-F-C to C-P-L, S-G-T to the L-T. C-P the O-D, the M-P makes ya do K-P. It's the G. I. Jive Man.

SIMON: 1971.

(SOUNDBITE OF SONG, "MAGGIE MAY")

ROD STEWART: (Singing) Wake up Maggie, I think I've got something to say to you.

SIMON: Or 1993.

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Sports
8:16 am
Sat May 19, 2012

Calif. Hopes For A Preakness Win

Originally published on Sat May 19, 2012 11:19 am

Transcript

SCOTT SIMON, HOST:

This afternoon, the 137th running of the Preakness takes place at the Pimlico Race Course in Baltimore. Kentucky Derby Winner, the horse called, I'll Have Another, will try to capture the second jewel in the Triple Crown of Horse Racing, something only 10 horses have done since 1978. I'll Have Another, its trainer and owner all come from Southern California, and hopes are high that a big win will give a much-needed boost to horse racing in the California. NPR'S Carrie Kahn reports.

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