Despite the fact that Bank of America lost 58 percent of its value in 2011, its CEO received a compensation package worth $7.5 million. That's a six fold increase from the year before. The AP reports that under Brian Moynihan, Bank of America also lost its title as the No. 1 bank by assets to JPMorgan Chase.
Originally published on Wed March 28, 2012 4:26 pm
A special prosecutor who spent two years exploring Justice Department misconduct in the botched case against late Sen. Ted Stevens (R-Alaska) said "contest living" — the desire to win a big case — explained the failure to follow the rules in one of the biggest political corruption prosecutions in decades.
"[Lawyers] do not want to have to undermine our case if it can possibly be avoided," investigator Hank Schuelke told the Senate Judiciary Committee Wednesday. "That motive to win the case was the principal operative motive."
Listen to Wednesday Afternoon's Supreme Court arguments
The Supreme Court on Wednesday heard the last of three days of oral arguments on the fate of President Obama's health care law. A transcript of Wednesday afternoon's arguments, as prepared by the court, follows.
CHIEF JUSTICE ROBERTS: We will continue argument this afternoon in case 11-400 Florida v. Department of Health and Human Services.
Mr. Clement. ORAL ARGUMENT OF PAUL D. CLEMENT ON BEHALF OF THE PETITIONER MR. CLEMENT: Mr. Chief Justice, and may it please the Court:
Originally published on Wed March 28, 2012 4:43 pm
On the final morning of its three-day health care law extravaganza, the U.S. Supreme Court wrestled with the question of whether parts of the 2010 federal statute can survive if the justices strike down its central tenet: the individual insurance requirement.
In other words, if the nine justices find the insurance mandate unconstitutional when they rule by June, would that mean that the entire law also fails the constitutionality test?
There's a Republican presidential primary next Tuesday in Wisconsin. But as the accompanying photo taken by NPR political correspondent Don Gonyea in Delafield, Wisc. suggests, a lot of Wisconsinites have other political matters on their minds.
As Don writes in an e-mail:
"Note that the recall coming up on June is the big political story here. Not Tuesdays presidential primary."
It's the day Dodger fans have been waiting for. The Los Angeles team has new owners, provided a bankruptcy judge approves. Current owner Frank McCourt has agreed to sell for a record $2 billion. As NPR's Karen Grigsby Bates reports, Los Angeles couldn't be happier with the new management team and one man in particular.