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JPMorgan: Trading Loss Grows To $4.4 Billion
JPMorgan Earned $5 billion in the second quarter even after the company had a $4.4 billion trading loss. Bank CEO Jamie Dimon says "all of our client-driven businesses had solid performance" and that "we have put most of this problem behind us."
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•
2:03
Penn State Scandal: Freeh Uncovered More About Paterno Than State Did
The former FBI director's investigators were "more successful in burrowing into the traditionally closed university" than state investigators had been, writes Pulitzer-prize winning reporter Sara Ganim of Harrisburg's The Patriot-News.
Top Stories: Bloody Day In Syria; JPMorgan Earns $5B
Also: Why Freeh uncovered more about Paterno than state investigators did; destruction of treasures in Timbuktu continues; police and protesters clash in Los Angeles.
It's All Politics, July 12, 2012
Mitt Romney, hearing boos at the NAACP convention, now knows what we go through each week on the podcast. President Obama, facing poor economic news, changes the subject with an assault on Romney and the GOP on taxes. Plus updates on Reps Charlie Rangel (victory), Jesse Jackson Jr. (health), Shelley Berkley (ethics) and Thad McCotter (skadoodle).
Norman Sas, The Genius Behind Electric Football, Dies
The Madden NFL generation may not be able to relate to a game where you just had to hope the players went in the right direction. But to many of a certain age, it was one of the cool toys of the '60s and '70s. And it still has fans.
Looking For The Megabucks? Think Megapixels
The safest bet for a box-office draw is not a superhero, action or sci-fi film — it's computer animation. Franchises like Toy Story, Ice Age and Shrek consistently make billions for their studios, Bob Mondello writes — and that's before DVD and toy sales kick in.
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4:51
Electric Fans May Do More Harm Than Good In A Heat Wave
Researchers say there's no evidence electric fans actually provide relief in a heat wave. So they're calling for more research, even though heat waves are hard to predict and even harder to study once they hit.
Tumors Evade Treatment With Help From Neighboring Cells
What makes some types of cancer resistant to drugs? Reporting in Nature, researchers write that cancer cells may be dodging treatment with help from seemingly innocent bystanders. Cancer researcher Todd Golub discusses how a tumor's microenvironment may affect its behavior.
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23:34
Governors Spar Over Medicaid And Health Exchanges
It's no easy trick for the National Governors Association to get Republican and Democratic chief executives in the same room. After the Supreme Court decision on the Affordable Care Act a few weeks ago, it's proving even harder.
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4:28
What's It Mean That Romney Was CEO, Anyway?
Documents suggest Mitt Romney was chief executive at Bain Capital for longer than he has said. That's significant — but only to a point.
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