A British bank has agreed to settle charges that it illegally laundered Iranian money. The settlement with Standard Chartered was announced by New York banking regulators, who'd brought the charges just a week ago. The bank still is under investigation by the federal government. NPR's Jim Zarroli has more.
Originally published on Wed August 15, 2012 6:07 am
The small Southern California city of San Fernando is facing a seven-figure fiscal crisis. But the town has been unable to address its money issues because the romantic entanglements of the city leaders are dominating the agenda.
A new movie in theaters today is titled "The Odd Life of Timothy Green." And film critic, Kenneth Turan, found the movie, itself, odd.
KENNETH TURAN: "The Odd Life of Timothy Green" is a when you wish upon a star fable in the old school Disney style. It's just the kind of inspirational family-friendly comfort food it feels churlish to rebuff. But though the film's heart is pure, its execution is so cloying and contrived it brings on tears of frustration.
Mark Thompson is a former BBC executive, and he will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust. Thompson will start in November. The paper has been without a chief since last December.
Vice President Joe Biden is on a campaign tour of Virginia, which is a key swing state in the presidential race. Biden seized on Republican challenger Mitt Romney's choice of Rep. Paul Ryan as a running mate. Biden said it shows what the Republican ticket really stands for.
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You could say that the presidential campaign got a jolt of energy this week. President Obama was in Iowa yesterday, touting the electric potential of wind power. Republican rival Mitt Romney was in Ohio, talking up that old standby, coal. Each man accused the other of standing in the way of a rival energy source.
Originally published on Wed August 15, 2012 6:03 am
Wisconsin Congressman Paul Ryan continues to introduce himself to voters. Over the weekend, Republican presidential candidate Mitt Romney announced Ryan would be his running mate. So far, Ryan has campaigned exclusively in battleground states that were carried by Democrats in 2008.