The Two-Way
12:23 pm
Tue May 15, 2012

Report: Justice Dept. Probing JPMorgan's Big Loss

Standing behind a banner with a picture of J.P. Morgan Chairman and CEO James Dimon, protesters gathered outside the bank's annual meeting today in Tampa.
Joe Raedle Getty Images

Originally published on Tue May 15, 2012 12:45 pm

  • Two soundbites from CEO Jamie Dimon at today's shareholders meeting

The Justice Department has begun looking into JPMorgan Chase's $2 billion-and-counting loss from a hedge account, The Wall Street Journal reports. It cites "a person familiar with the matter" as its source.

The Journal adds that "the probe is at an early stage and it isn't clear what possible legal violation federal investigators may be focusing on."

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Economy
11:45 am
Tue May 15, 2012

Can The Government Help Young People Find Jobs?

The school year is winding down, and lots of young people are in the market for a summer job. But finding one in this economy can be hard, especially for teenagers. Host Michel Martin speaks with Labor Secretary Hilda Solis about what the Obama Administration is trying to do to help.

Education
11:45 am
Tue May 15, 2012

Why So Many Ph.D.s Are On Food Stamps

The number of people with graduate degrees — master's degrees and doctorates — who have had to apply for food stamps, unemployment or other assistance more than tripled between 2007 and 2010.
iStockphoto.com

Originally published on Tue May 15, 2012 8:16 pm

With the economic troubles of the past few years, it's no surprise that the number of people using food stamps is soaring. The U.S. Department of Agriculture reports that an average of 44 million people were on food assistance last year; that's up from 17 million in 2000.

What might be surprising, though, is one subgroup that's taken a particularly hard hit.

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The Two-Way
11:02 am
Tue May 15, 2012

Ron Paul Isn't Dropping Out, Spokesman Says

Republican presidential hopeful Ron Paul at a campaign event in Las Vegas on Feb. 3.
Stan Honda AFP/Getty Images

Originally published on Tue May 15, 2012 11:20 am

Republican Ron Paul is not shuttering his presidential campaign, his chief strategist says in a memo sent this morning to supporters and the news media.

"Let me be very clear," said Jesse Benton, "Dr. Paul is NOT dropping out or suspending his campaign."

"As Dr. Paul has previously stated, he is in this race all the way to the Republican National Convention in Tampa this August," Benton said. The campaign will, though, be "maximizing our resources" by not investing in remaining primary states, he said.

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The Two-Way
10:11 am
Tue May 15, 2012

Questions About Another Texas Execution: Was Wrong Man Condemned?

Already in the spotlight over whether it executed one innocent man — Cameron Todd Willingham — in 2004, the state of Texas now faces questions about whether another man may have been wrongly condemned to death.

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Europe
9:51 am
Tue May 15, 2012

'News Of The World' Editor Charged With Conspiracy

Former News of the World editor Rebekah Brooks faces allegations of conspiracy to pervert the course of justice in the latest development in Britain's phone hacking scandal.

Shots - Health Blog
9:43 am
Tue May 15, 2012

Cost Of Cancer Pills Can Be Hard For Medicare Patients To Swallow

Taking a pill for cancer can cost patients more than getting chemotherapy by IV.
iStockphoto.com

If you've got cancer, chances are you'd rather take a pill to fight the cancer cells than sit for hours hooked up to an IV line as the chemotherapy drips slowly into you.

The difficulty is, many of the new cancer pills, which often target cancer cells for destruction but leave healthy cells intact, are pricey, costing tens of thousands of dollars for a course of treatment. And how some insurers pay for treatments means that pills can wind up costing a patient more than chemotherapy given by IV.

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The Two-Way
9:26 am
Tue May 15, 2012

Consumer Prices, Consumer Spending Both Flat In April

Two bits of economic news this morning:

-- Consumer prices overall were unchanged in April, the Bureau of Labor Statistics reports, thanks in large part to a 2.6 percent drop in the price of gasoline.

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The Two-Way
8:58 am
Tue May 15, 2012

'Biggest Public Toilet In The World' Now Good To Go In Japan

The biggest public toilet in the world, officials claim. The flowers and plants will be put in the ground after the soil has settled properly, according to The Japan Times.
Ichihara City

It's only for women — and only for one woman at a time, it seems.

But officials in Ichihara City, Japan, claim they've created the "biggest public toilet in the world."

As The Japan Times reports, outside the city's train station there's now a fenced-in, "200-sq.-meter plot of land" with flowers, plants, pathways and — "smack in the middle" — a toilet enclosed in a glass box.

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The Two-Way
8:00 am
Tue May 15, 2012

Facebook Ups Its Forecast: Says Shares Will Sell For $34 To $38

Raul Arboleda AFP/Getty Images

Strong demand for its first public sale of stock has led Facebook to raise its forecast for how much each share will sell for when the company goes public on Friday.

"We anticipate that the initial public offering price will be between $34.00 and $38.00 per share," the company says in a statement filed earlier today with the Securities and Exchange Commission.

Earlier, the social medial giant had expected shares would sell for $28 to $35 each.

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