News From NPR

The Two-Way
12:19 pm
Tue February 26, 2013

FDIC Says In 2012, Banks Posted Second-Best Earnings On Record

Martin Gruenberg, Acting Chairman of the Federal Deposit Insurance Corporation (FDIC), testifies during a U.S. House Financial Services Committee hearing on Capitol Hill on June 19, 2012.
Saul Loeb AFP/Getty Images

Profits for U.S. banks skyrocketed in 2012, a report from the Federal Deposit Insurance Corp. finds today.

According to Bloomberg, U.S. banks made $141.3 billion in net income last year. That is the "second-best earnings on record." The best year was 2006, when banks reported $145.2 billion in earnings.

The AP explains:

Read more
The Sequester: Cuts And Consequences
11:56 am
Tue February 26, 2013

Educators Brace For Sequestration

Transcript

MICHEL MARTIN, HOST:

And now we turn to a political stalemate that seems to be turning into a crisis. We've been talking about the across-the-board cuts to the federal budget that seem more and more likely to go into effect this Friday because Congress and the White House have not agreed on a deficit reduction plan. It's being called sequestration.

Read more
The Two-Way
11:45 am
Tue February 26, 2013

'Pope Emeritus' Benedict VXI Will Wear White, But Trade-In Red Shoes

A church group prepares to pray for Pope Benedict XVI on the steps of St. Peter's Basilica on Tuesday.
Peter Macdiarmid Getty Images

Originally published on Tue February 26, 2013 12:07 pm

It's settled. When the pontiff steps down Thursday, he'll still be known as Benedict XVI and have the title of "pope emeritus." In public, he'll wear an understated white cassock and stylish brown shoes from Mexico.

Read more
It's All Politics
11:04 am
Tue February 26, 2013

Force Behind Race-Law Rollback Efforts Talks Voting Rights Case

Edward Blum, director of the Project on Fair Representation, at his home in South Thomaston, Maine, on Nov. 9.
Joel Page Reuters /Landov

Edward Blum isn't a lawyer, and he doesn't play one on TV.

But he has been the driving force behind two race-related cases before the U.S. Supreme Court this term, including one that justices will hear Wednesday that seeks to roll back a key section of the 1965 Voting Rights Act.

The other, Fisher v. University of Texas, which challenges the use of race and ethnicity in public college and university admissions policies, was heard by the court in October and awaits its decision.

Read more
The Two-Way
10:49 am
Tue February 26, 2013

Donations Pour In For Homeless Man Who Returned Ring He Got By Mistake

Billy Ray Harris.
GiveForward.com/billyray

Originally published on Tue February 26, 2013 11:48 am

Nearly $152,000 has been donated online to help Billy Ray Harris, a homeless man in Kansas City who returned an engagement ring to the woman who accidentally left it in a cup he uses to collect change.

Here's his good news story:

Read more

Pages