The Two-Way
11:03 am
Fri May 11, 2012

Obama's Fundraiser At George Clooney's Home Nets Record $15 Million

A presidential SUV is seen outside of the house of actor George Clooney on Thursday in Los Angeles.
Mandel Ngan AFP/Getty Images

$15 million.

That's how much President Obama campaign will receive from a fund-raising event last night at George Clooney's home. The New York Times reports the A-list, Hollywood crowd paid $40,000 a person, helping to set "a record for a presidential election fund-raiser."

The Times adds:

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Planet Money
10:59 am
Fri May 11, 2012

JP Morgan's $2 Billion Loss, Explained

Chris McGrath Getty Images

Originally published on Fri May 11, 2012 12:17 pm

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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Peak of the Week
10:14 am
Fri May 11, 2012

Thursday, May 17th, beginning at 8pm: THE HERITAGE BLUES BAND - And Still I Rise

Catch the tunes from one of the best blues releases of 2012 throughout Thursday evening's music mix.  

 

 

 

Shots - Health Blog
10:13 am
Fri May 11, 2012

FDA Gets Advice To Approve First Pill To Cut HIV Infections

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

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

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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Studio B
10:11 am
Fri May 11, 2012

Friday, May 18th at 3pm: THE TWO MAN GENTLEMAN BAND

“It’s as if,” one reviewer commented, “The Smothers Brothers were young today, wore better suits, and wrote hot jazz songs about drinking.” The Two Man Gentlemen have a new album that was recorded, designed, & packaged entirely without digital technology. Our kind of band.

 

Studio B
10:04 am
Fri May 11, 2012

Friday, May 18th at 11am: MOSES ATWOOD

Raised in Maine but now living in Asheville, Moses Atwood (you may also know his work with Johnson’s Crossroad) recently released his 2nd album, "One Bright Boat".  With a sound perhaps reminiscent of Randy Newman and Van Morrison, Atwood has a rich, warm sound that we look forward to hearing live on our airwaves!

 

Studio B
9:54 am
Fri May 11, 2012

Thursday, May 17th, live at 3pm: CARAVAN OF THIEVES

To quote their website, "If Django Reinhardt, the cast of Stomp and the Beatles all had a party at Tim Burton's house, Caravan of Thieves would be the band they hired."  The gypsy-jazz collective stomps through the Funhouse known as Studio B on their way to three shows in Asheville and Charlotte this week. 

 

Studio B
9:48 am
Fri May 11, 2012

Thursday, May 17th, live at 11am: GIGI DOVER

She's one of Charlotte's best talents, she's been a regional favorite of ours since the Rank Outsiders era, she's got a great new release....it's Gigi Dover & The Big Love, back in Studio B!  

 

 

 

 

 

 

Studio B
9:41 am
Fri May 11, 2012

Wednesday, May 16th, live at 11am: A.L.O.

Known to their earliest fans as Animal Liberation Orchestra, the California-based A.L.O. sets up shop in Studio B for a fun, danceable live set in advance of shows in Charlotte and Asheville this week.  Their new release on Brushfire Records, "Sounds Like This", can easily be considered their strongest yet.  http://alomusic.com/soundslikethis/

The Two-Way
9:18 am
Fri May 11, 2012

JPMorgan 'Rogue Trader' Losses Send Chills Through Markets

Originally published on Fri May 11, 2012 11:46 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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