Now to one of the big sticking points in Washington these days. Much of the debate over impending tax hikes and budget cuts centers on the tax rate for top earners. President Obama argues the tax rate for income over $250,000 a year should be allowed to go up. Republicans say there should be no change in tax rates. When Democrats talk about raising taxes on the wealthy, Republicans hear it as raising taxes on small businesses and killing jobs.
Well, NPR's S.V. Date has been exploring that argument.
It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
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One hundred thirty-seven shots. In Cleveland last month, a late night car chase culminated in police discharging their weapons 137 times, killing two people who appear to have been unarmed. Many in the community say the incident has racial overtones and are calling for a federal investigation.
More now on the HSBC case and, more broadly, on what banks are obliged to do and what HSBC did not do. Jimmy Gurule is a professor of law at Notre Dame University law school, used to be undersecretary for enforcement at the Department of the Treasury. Welcome to the program.
JIM GURULE: Thank you.
SIEGEL: And first, someone makes a big deposit at a big bank. What must the bank do and what must it know about that deposit?
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Audie Cornish. It is the biggest penalty ever paid by a bank to the U.S. government. HSBC, a British company, will hand over $1.9 billion to settle a money laundering case. The Justice Department says HSBC violated the bank secrecy act and the trading with the enemy act by doing business with the likes of Iran.
You're listening to ALL THINGS CONSIDERED from NPR News.
George Zimmerman, the former neighborhood watch volunteer who shot 17-year-old Trayvon Martin, has himself become a victim. That was the message today from Zimmerman's lawyers, who were in court asking a judge to loosen the terms of his release on bail. The judge refused.
But as NPR's Greg Allen reports, the hearing gave a preview of some of the arguments expected if the case goes to trial.
Every weekday, Clark Porter, a tall man with a sturdy build, walks into the Thomas F. Eagleton U.S. Courthouse in St. Louis to work with tough ex-offenders. On the outside, he wears a suit and tie. But on the inside, he has more in common with the former felons than most.
Back in 1986, a skinny 17-year-old Porter went on trial there as an adult for robbing a post office at gunpoint. His sentence: 35 years.
In the latest issue of The New Yorker, journalist Raffi Khatchadourian writes about a secret chemical weapons testing program run by the U.S. Army during the Cold War.
Throughout the 1950s and '60s, at the now-crumbling Edgewood Arsenal by the Chesapeake Bay in Maryland, military doctors tested the effects of nerve gas, LSD and other drugs on 5,000 U.S. soldiers to gauge the effects on their brain and behavior.
This is TELL ME MORE, from NPR News. I'm Michel Martin. The latest unemployment numbers are out and while things are getting slightly better overall, younger people who want to work are still having a very tough time. We reached out to an economist who says apprenticeships might offer one way to offer more opportunity to the younger trying to get into the world of work. We'll talk more about that in just a few minutes.