The United States government takeover of American International Group saved the company from going under during the financial crisis of 2008. As The Wall Street Journal reported at the time, the government drove a hard bargain — tens of billions would get it an almost 80 percent stake of the company — but the government argued if AIG went down, so would the rest of the economy and AIG argued if the company wasn't pumped with money, it would collapse. The U.S.
Originally published on Mon November 21, 2011 2:06 pm
With the members of the congressional deficit-cutting supercommittee essentially announcing that they couldn't get to "yes," the nation is only seeing the latest turn of the screw in the partisan paralysis gripping policymakers in Washington. We all know it is far from the last.
Coming as it does now less than a year before the 2012 general election, the panel's failure to achieve at least $1.2 trillion in deficit reduction means each major political will now be focused on trying to persuade voters that the other party is more responsible for the impasse.
Originally published on Mon November 21, 2011 2:26 pm
This is the month when the stately, voluptuous turkey takes a place of pride on most dinner tables. But when it comes to dessert, it's worth considering the relevance of another bird — the humble magpie.
That's because, according to the Oxford English Dictionary, the word "pie" — defined as a baked dish topped with and sometimes also surrounded by pastry — may well derive from the Latin word pica, meaning magpie.
A report from the International Atomic Energy Agency, which concluded Iran was working on nuclear weapons, continues to reverberate internationally. Yesterday, in an interview with CNN's Fareed Zakaria, Israel's Defense Minister Ehud Barak was asked bluntly if Israel would attack Iran's nuclear facilities.
It's not yet official, but all signs indicate the so-called supercommittee will raise the white flag on Capitol Hill later today. The bipartisan panel was charged to cut more than a trillion dollars from federal spending over the coming decade. Failure to reach an agreement means automatic cuts in 2013, half to the defense budget. Yesterday, Democrats and Republicans traded blame on the Sunday talk shows. Does the supercommittee's failure matter to you, and if so, why?
After allegations of child sexual assault at Penn State, many wonder why more people didn't see warning signs. Former FBI profiler Mary Ellen O'Toole says many predators spend years grooming victims and parents and gaining their trust. O'Toole and forensic psychiatrist Dr. Harold Burszatajn explain.
A video showing an officer methodically spraying pepper spray in the faces of seated protesters has created an uproar. While some say the incident represents a wider problem with the way police confront protesters, Santa Clara University professor Marc Bousquet argues that misses the point.
This is TALK OF THE NATION. I'm Neal Conan in Washington. After a U.N. report earlier this month bolstered the case that Iran continues work on nuclear weapons, the U.S., Britain and Canada announced new sanctions today. But there's no indication that these or any other sanctions will change Iran's determination, which leaves a range of bad options.
Originally published on Tue November 22, 2011 11:59 am
The Justice Department lawyers who prosecuted Sen. Ted Stevens (R-Alaska) will not face criminal contempt charges for failing to share evidence that could have helped his defense team, a federal judge said Monday.
U.S. District Judge Emmet G. Sullivan and the special prosecutor he appointed, Washington lawyer Henry Schuelke, had tough words for the Justice Department, though.
Originally published on Mon November 21, 2011 1:38 pm
From Cairo's Tahrir Square, where three days of clashes between authorities and thousands of protesters have left more than 20 people dead and more than 1,700 injured, NPR's Soraya Sarhaddi Nelson says the Egyptians who have taken to the streets again:
Former FBI Director Louis Freeh has been brought in to be a "special investigative counsel" for Penn State's internal look into how its officials handled reports that former assistant football coach Jerry Sandusky might have been sexually abusing young boys.
In this courtroom drawing, David Coleman Headley is shown facing a federal judge.
Credit Carol Renaud / AFP/Getty Images
On Nov. 29, 2008, an Indian soldier takes cover as the Taj Mahal hotel burns during a gun battle between Indian military and militants inside the Mumbai hotel.
Credit David Guttenfelder / AP
Sebastian Rotella is an investigative reporter and foreign correspondent. He covers <a href="http://www.propublica.org/topic/mumbai-terror-attacks/">Pakistan's terrorism connections</a> for ProPublica.
American David Coleman Headley was one of the leading planners of the 2008 terrorist attacks in Mumbai, which killed 166 people over three days at two five-star hotels, a train station and a small Jewish community center.
Headley, the son of a Pakistani father and an American mother, had been chosen for the mission because he looked like a non-Muslim Westerner. He used those looks — and his U.S. passport — to plan logistics for several of the places attacked in Mumbai.
Originally published on Mon November 21, 2011 7:26 am
The death toll from three days of clashes in Cairo's Tahrir Square has risen to at least 24, a morgue official tells The Associated Press. (Note at 8:25 a.m. ET: Earlier, the official told the AP that the toll was 35; now, he says 11 of the deaths were unrelated to the violence.)
Neil Parry was arrested at an airport in Darwin, Australia, and was accused of stuffing drugs into bottles of shampoo. Parry spent three days in jail, but has now received $100,000 in compensation. Testing of the bottles of Pantene shampoo and conditioner showed they actually contained: just shampoo and conditioner.