Originally published on Thu July 25, 2013 11:29 am
Federal officials in New York City have charged SAC Capital Advisors with insider trading, the culmination of a protracted investigation into the hedge fund founded by embattled billionaire Steven Cohen.
SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees" at "various times between in or about 1999 through at least in or about 2010," according to the indictment.
As Cleveland embraces national attention for everything from its booming arts and culinary scene to its redevelopment plans, it struggles with recent high-profile crimes. Some residents and tourists are left with news whiplash as they try to figure out what these diverging storylines say about the city.
It's MORNING EDITION from NPR News. Good morning. I'm David Greene.
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And I'm Renee Montagne. Detroit is broke. But a federal judge is holding hearings to determine whether Detroit is broke enough to qualify for bankruptcy protection. The court is examining whether the city has done everything possible to put more money in its coffers. Quinn Klinefelter of member station WDET reports one thing is certain - Detroit is struggling to bring into its coffers tax revenue.
On most weeknights, in the middle of his shift, Los Angeles police officer Keith Mott trades his gun and uniform for a T-shirt and shorts, and heads to a park in the Watts neighborhood of South Los Angeles. He's there to coach 7- and 8-year-old boys on the Pop Warner Pee Wee football team, the Watts Bears.
The kids come from three nearby housing projects: Jordan Downs, Nickerson Gardens and Imperial Courts. The park was carefully chosen. It's a neutral site for local gangs. Otherwise, most of the Bears' parents wouldn't allow them to come and play.
Since the 1930s, Louisiana has lost roughly as much land as makes up the state of Delaware.
"If you put the state of Delaware between New Orleans and the ocean, we wouldn't need any levees at all," says John Barry, vice president of the Southeast Louisiana Flood Protection Authority-East. "There is this large buffer of land that has disappeared, and that buffer makes New Orleans much more vulnerable to hurricanes."
A bicyclist who struck and killed a pedestrian in San Francisco last year has pleaded guilty to felony vehicular manslaughter, prosecutors announced Wednesday. The conviction is said to be the first of its kind in the nation.
The accident happened when 37-year-old Chris Bucchere rode through several red lights and struck 71-year-old Sutchi Hui and his wife, who were crossing the intersection.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
On Capitol Hill, an effort to limit the authority of the National Security Agency has fallen short. It was the first chance for House lawmakers to vote on the government's phone surveillance program since news of it was leaked by Edward Snowden. They rejected an amendment that the White House and top intelligence officials had lobbied hard against.
NPR's Tamara Keith joins us from Capitol Hill. And, Tamara, the amendment was defeated. How close was it?
Lawyers for the biological father of a Native American child are expected to make a last-ditch appeal to the U.S. Supreme Court on Thursday, hoping to prevent the return of the child to her adoptive parents.
But the four-year legal saga is likely near an end.
Many businesses that don't offer health insurance to all their employees breathed a sigh of relief earlier this month when they learned they'd have an extra year to comply with the new health care law or face stiff penalties.
One thing just about everyone dreads as they age is the possibility of ending up in a nursing home. We all think we know what that's like: sharing a room with strangers, sitting slumped in a wheelchair all day, rigid schedules, bad smells. And for more than 1 million Americans, this is home. But there's an effort to change all that, and it's known as The Green House Project.
In the past 10 years, more than 140 of these alternative, nonprofit nursing homes have been built in 24 states.