This is MORNING EDITION from NPR News, I'm Renee Montagne.
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And I'm Steve Inskeep. Federal regulators have unveiled the final version of what has come to be called the Volcker Rule. It's a big part of the financial reform that went into affect three years ago. It's taken all those years to come up with the language that will set new limits on the kinds of trading that banks can do and cannot do. NPR's Jim Zarolli joins us now to talk about this. Hi Jim.
For much of this year we've been hearing headlines effectively saying the government is spying on you. Spy agencies like the National Security Agency gather and store phone records, vacuum up emails by the billions, listen in on foreign leaders' telephone conversations and more. Now a nonprofit writers group, the PEN American Center, is exploring whether the fear of surveillance is affecting creative expression.
It's a question our colleague, David Greene, wanted to explore.
In many ways, military veterans hold a privileged place in American society, but not all vets have access to what goes along with that privilege. In the past decade of war, more than 100,000 men and women left the military with less than honorable discharges, many due to bad conduct related to post traumatic stress disorder. Once they're kicked out of the military, they lose access to benefits like treatment for PTSD.
Time was when business-suited Santas would spend December roaming the corridors of Congress, bestowing all sorts of goodies upon their elected friends, prospective friends and staffers: baskets of food, bottles of booze, even high-priced tickets to sports events.
That last item is the kind of thing that sent uber-lobbyist Jack Abramoff to prison. It also brought the House of Representatives a new set of ethics rules — stern and often complex limits on accepting gifts.
That wreath on your front door could contain stolen goods.
The tips of fir trees used to make wreaths are collected by "tippers" and attract high prices — as well as poachers, who cut limbs and even whole trees on private land.
The Christmas greens industry is estimated to be worth tens of millions of dollars. But like other cottage industries, no one's really counting. Anyone with a desire to make some money can take part — on or under the table. And that's become a problem for some woodlot owners trying to protect their trees.
In Los Angeles today, federal prosecutors announced charges of corruption and civil rights abuses inside the nation's largest jail system. The indictments came against 18 current and former deputies of the LA Sheriff's Department. NPR's Kirk Siegler has details from outside the federal building in downtown Los Angeles.
Critics of the federal auto bailout will no longer be able to refer derisively to GM as "Government Motors" — on Monday, Treasury Secretary Jack Lew announced the U.S. government has sold its remaining shares in the carmaker.
"With the final sale of GM stock, this important chapter in our nation's history is now closed," Lew said, announcing the sale.
The net? Taxpayers lost $10.7 billion on the deal.