The Two-Way
9:36 am
Wed July 11, 2012

JPMorgan Will Move To 'Clawback' Millions From Execs Who Bungled Billions

Credit John MacDougall / AFP/Getty Images
Another kind of claws at work. Meanwhile, JPMorgan is going to see if legal steps will let it "clawback" some money paid to executives.

Originally published on Wed July 11, 2012 10:20 am

JPMorgan Chase CEO Jamie Dimon predicted this would happen: The bank "plans to reclaim millions of dollars in stock from executives at the center of the trading blunder that shocked Wall Street," The Wall Street Journal reports

Read more
The Two-Way
8:32 am
Wed July 11, 2012

Holy Cow! Family Finds Baseball Card Collection That May Fetch $3 Million

Credit Heritage Auctions
Two of the most valuable cards in the collection: Ty Cobb (left) and Honus "Hans" Wagner.

Originally published on Wed July 11, 2012 5:33 pm

"My grandfather stuck it in the attic a hundred years ago and here it is now, a blessing to his grandchildren."

A blessing for sure.

As the Toledo Blade reports, when Karl Kissner and his cousins were clearing out his grandfather's home in Defiance, Ohio, on Feb. 29 they came across a box of very rare and very valuable baseball cards.

Read more
The Two-Way
7:53 am
Wed July 11, 2012

In Scranton, Pa., City Workers Sue Over Having Wages Slashed

Credit Jeff Brady / NPR
Roger Leonard, a heavy equipment operator for the city of Scranton, Pa., saw his pay plunge to $340 from about $900 for two weeks' work after the mayor cut city-employee pay to minimum wage.

Originally published on Wed July 11, 2012 10:32 am

The city of Scranton, Penn. now faces two federal lawsuits over a decision last week to slash public employee's pay to minimum wage. Unions representing the city's workers also are asking Lackawanna County Judge Michael Barrasse to hold Mayor Chris Doherty in contempt of court.

Read more
The Two-Way
7:22 am
Wed July 11, 2012

Episcopal Church OKs Same-Sex Blessings; Largest U.S. Denomination To Do So

Credit Craig Ruttle / AFP/Getty Images
The rings of Michael Johnson and Michael Roberts of New York City stood ready before their marriage ceremony at the Manhattan City Clerk's Office in July 2011.

Originally published on Wed July 11, 2012 11:54 am

With a vote Tuesday evening by its House of Deputies, the Episcopal Church became the largest U.S. denomination so far "to officially sanction same-sex relationships," as CNN's Belief blog writes.

Read more
Asia
3:39 am
Wed July 11, 2012

'Hard Questions' Remain In U.S.-Pakistan Relations

Credit Qazi Rauf / AP
Pakistani border guards check trucks heading to Afghanistan, in the tribal area of Khyber last week.

Originally published on Wed July 11, 2012 4:45 am

A U.S. operation in the mountains near Afghanistan last November killed 24 Pakistani soldiers. Pakistan wanted an apology. The U.S. refused. In response, Pakistan shut down supply routes to Afghanistan for NATO convoys.

After intense talks, two border crossings were reopened last week to convoys for the U.S. and NATO forces.

Pakistan's ambassador in Washington, Sherry Rehman, was at the center of the negotiations. Afterward she called it a moment of great opportunity for the two countries.

Read more
London 2012: The Summer Olympics
3:23 am
Wed July 11, 2012

Women's Field Hockey Aims To End Olympic Drought

Originally published on Wed July 11, 2012 4:45 am

As one of the world's most popular sports, field hockey produces celebrities in Argentina, the Netherlands and Australia. But the sport is relatively obscure in the United States, where members of the women's national team receive a small monthly stipend and their notoriety comes from outside the country.

Later this month, the group heads to London, where it will try to earn the first American medal in the sport in 28 years.

Read more
Economy
3:22 am
Wed July 11, 2012

Euro Currency Still Faring Well, For Now

Credit Michael Probst / AP
Over the last 13 years, the euro has been worth on average $1.21, only a penny less than its current price of $1.22 per euro.

Originally published on Wed July 11, 2012 12:42 pm

The euro touched a two-year low against the dollar Tuesday, as concerns about the eurozone debt crisis continued.

Despite a recession across much of the eurozone and even predictions of the currency's demise, however, the euro has held up relatively well during this crisis.

Over the last 13 year, it has taken on average $1.21 to buy a euro. Now, even in this midst of this crisis, it's worth virtually the same ($1.22).

Read more
Shots - Health Blog
3:21 am
Wed July 11, 2012

Will Medicaid Bring The Uninsured Out Of The Woodwork?

Originally published on Thu July 12, 2012 4:54 pm

Ever since the Supreme Court decided last month that an expansion of Medicaid under the Affordable Care Act should be optional, quite a few Republican governors have been vowing to take a pass.

Read more
World
3:21 am
Wed July 11, 2012

Spanish Families Share Expenses And Tradition

Credit Oli Scarff / Getty Images
A woman pushes a pram though the Plaza de Murillo on July 3 in Madrid. Spain's custom for multiple families to live under the same roof has tied them closer together as well as their wallets. The country has the highest unemployment rate in the Eurozone, and government benefits help aid those out of work.

Originally published on Wed July 11, 2012 9:48 pm

What used to be a Spanish tradition is now becoming more of an economic necessity.

In Spain, the social safety net that helps people survive the economic crisis has two parts: government benefits and close family ties. The country has the highest rate in Europe of multi-generational families all living together.

With a quarter of Spaniards out of work, more parents pick up their kids from school themselves, in the middle of what would have been a workday.

Read more
The Salt
3:20 am
Wed July 11, 2012

Cool Down With A Hot Drink? It's Not As Crazy As You Think

Originally published on Wed July 11, 2012 9:47 pm

Hot tea on a hot day? Not for me, thank you. Not my idea of how to cool down.

Read more

Pages