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3:32am

Fri May 18, 2012
NPR Story

French President To Meet With Obama

Originally published on Fri May 18, 2012 9:19 pm

Newly installed French President Francois Hollande and his partner, Valerie Trierweiler, leave the presidential Elysee Palace in Paris after a formal handover ceremony Tuesday.
Lionel Bonaventure AFP/Getty Images

Valerie Trierweiler is a journalist and a twice-divorced mother of three teenage boys. She never thought she'd also end up as the first lady of France.

Americans will get their first close-up look at the woman who now calls France's Elysee Palace home when she and her partner, President Francois Hollande, visit the White House this afternoon.

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3:32am

Fri May 18, 2012
NPR Story

GOP Group Abandons Racially Tinged Attack Ad

Originally published on Fri May 18, 2012 3:49 pm

Mitt Romney is disavowing a plan by some wealthy Republicans to attack President Obama for ties to his controversial former pastor. Even the people behind that proposal said they are abandoning it after their idea was plastered on the front page of The New York Times.

The proposal centered on the Rev. Jeremiah Wright, who was a mentor to Obama before the two parted ways during the last presidential campaign.

Republicans unaffiliated with Romney were considering spending $10 million on a racially tinged advertising campaign tying Wright to the president.

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3:32am

Fri May 18, 2012
NPR Story

Did Bank's Culture Lead To JPMorgan's Big Loss?

Originally published on Fri May 18, 2012 3:49 pm

Transcript

DAVID GREENE, HOST:

The head of JPMorgan Chase, Jamie Dimon, has gotten an invitation to testify in front of the Senate Banking Committee about his bank's recent trading loss of at least $2 billion.

STEVE INSKEEP, HOST:

Dimon is very much the public face of his firm. In a Wall Street culture where banks are defined as much by the executives who run them is by the assets they hold. So, what kind of culture led to the multibillion dollar losses at JPMorgan Chase?

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2:20am

Fri May 18, 2012
Planet Money

The Long, Long, Long Road To New Rules For Banks

Originally published on Fri May 18, 2012 3:49 pm

Would that big, bad JPMorgan Chase trade have violated the Volcker Rule?

It's too soon to say, despite the fact that the rule is part of a two-year-old law.

The Volcker Rule bans deposit-taking banks from making speculative bets. But it allows banks to make investments to hedge risks.

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2:14am

Fri May 18, 2012
Deceptive Cadence

150 Years Of 'Taps'

Originally published on Fri May 18, 2012 3:49 pm

A lone bugler stands at attention in the rain at Wilmington National Cemetery in North Carolina, in 2009.
Logan Mock-Bunting Getty Images

This Saturday, 200 buglers will assemble at Arlington National Cemetery to begin playing "Taps," a call written 150 years ago this year.

Retired Air Force Master Sgt. Jari Villanueva, a bugle player, says he started out as a Boy Scout bugler at about age 12. He went on to study trumpet at the Peabody Conservatory before being accepted into the United States Air Force Band — where one of his duties over the next 23 years was to sound that call at Arlington National Cemetery.

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