Securities and Exchange Commission (SEC) chairwoman Mary Schapiro is stepping down. She took over the agency in 2009 as it was reeling from criticism over the financial crisis and the Bernard Madoff's Ponzi scheme. Schapiro is credited as a consensus builder who restored some stability to the SEC. She is being replaced by SEC commissioner Elisse Walter.
Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., after a pretrial hearing in June. Manning is charged with aiding the enemy by giving hundreds of thousands of classified diplomatic cables and war logs to the secret-sharing website WikiLeaks.
The young Army private accused of passing diplomatic cables and war reports to the website WikiLeaks has made an unusual offer: Bradley Manning says he'll plead guilty to minor charges in the case. But he rejects the idea that he ever acted as a spy or helped America's enemies.
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Sandy was one of the biggest hurricanes ever to hit the Atlantic Coast. It may also turn out to be the most expensive. Today, New York Governor Andrew Cuomo said his state would seek a staggering $42 billion in federal aid to rebuild. This comes after New Jersey's governor said the storm would cause his state nearly $30 billion. NPR's Joel Rose has the latest on Sandy's steep price tag.
Cyber Monday saw a big retail push following a Black Friday that expanded into Thanksgiving Day. The big question now is whether all the early shopping will boost total holiday sales or just push them up earlier on the calendar.
Originally published on Tue November 27, 2012 8:49 am
For merchants, the stars are lining up — at least so far.
Online shopping jumped more than 28 percent on Cyber Monday compared with a year ago, according to IBM Benchmark. And the National Retail Federation says Thanksgiving weekend spending shot up to $59.1 billion, nearly 13 percent more than last year's $52 billion.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, we'll meet the star of the new film "Life of Pi," based on the best-selling novel by Yann Martel. The film is getting rave reviews for its amazing special effects, as well as the performance of the young man we are going to meet in a few minutes for whom this was his first professional acting job. That's coming up.
Congress comes back to work this week and the fiscal cliff is its top priority. Some Republicans have said they'll break a longstanding pledge not to raise taxes. Host Michel Martin talks politics with columnist Mary Kate Cary of U.S. News and World Report and The Root's political correspondent Keli Goff.
Originally published on Mon November 26, 2012 12:15 pm
(We updated the top of this post at 11:50 a.m. and 12:15 p.m ET):
Moving quickly after the announcement that Securities and Exchange Commission Chairman Mary Schapiro is leaving on Dec. 14, the White House just said that President Obama has designated SEC Commissioner Elisse Walter to be her replacement.