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7:08am

Fri May 18, 2012
World

Police Wait For Thief To Release His Loot

Police say Richard Matthews stole a $20,000 diamond in Windsor, Ontario. He apparently swapped it for a fake gem and ate the real one. But police caught him. Feeding him high-fiber food, they've been waiting a week for the gem to emerge.

6:50am

Fri May 18, 2012
Around the Nation

Sudents Suspended Over Post-It Note Prank

It's not clear what message high school students in Clayton, Ind., were sending with this year's senior prank. They attached 11,000 blank Post-it Notes to various surfaces: Doors, chairs and desks. Six students got suspended. Which led to a student protest, and 50 more suspensions.

6:30am

Fri May 18, 2012
Economy

G8 Summit To Discus Greece's Troubled Economy

Greece keeps cutting its budget to help pay debts and avoid default but then its economy keeps contracting, making the problem worse. The new French President Francois Hollande wants to find a way to stimulate Europe's economy.

4:48am

Fri May 18, 2012
Business

The Last Word In Business

Originally published on Fri May 18, 2012 6:54 am

The New York Rangers play the New Jersey Devils Saturday in game three of the Eastern Conference finals. Delta Airlines is offering free plane tickets to New Jersey for some lucky Rangers fans. The flight time for the 20 mile trip is 17 minutes but the estimated travel time, with airports and the TSA involved, is around three hours.

4:48am

Fri May 18, 2012
Election 2012

Proposed Obama-Wright Campaign Ad Abandoned

Originally published on Fri May 18, 2012 7:13 am

Soon after The New York Times reported on a Republican proposal to spend millions connecting President Obama to his controversial former pastor Jeremiah Wright, people close to the project dropped the plan. But the incident raises the question of whether it's still possible to redefine Barack Obama this far into his presidency, and whether anything is off-limits in the 2012 election.

4:48am

Fri May 18, 2012
Asia

A Preview Of Next Week's Mongolia Series

Originally published on Fri May 18, 2012 6:30 am

Next week on Morning Edition, NPR's Frank Langfitt will have a four-part series on Mongolia. Extracting Mongolia's vast mineral resources may imperil its traditional way of life.

4:37am

Fri May 18, 2012
NPR Story

Did Bank's Culture Lead To JPMorgan's Big Loss?

Originally published on Fri May 18, 2012 6:30 am

David Greene talks to financial writer William Cohan about Jamie Dimon, the CEO of JP Morgan Chase. Before he was an award-winning journalist, Cohan was a banker at JPMorgan. The Justice Department is looking into the bank's risky trades which resulted in at least a $2 billion loss.

4:37am

Fri May 18, 2012
NPR Story

Evidence Sheds Light On Trayvon Martin Shooting

Originally published on Fri May 18, 2012 6:30 am

Florida prosecutors have released hundreds of documents, recordings and pictures related to the George Zimmerman trial. Zimmerman is the neighborhood watch captain who shot and killed Trayvon Martin after the two scuffled.

4:37am

Fri May 18, 2012
NPR Story

Hewlett-Packard Set To Layoff 30,000 People

Originally published on Fri May 18, 2012 6:30 am

Hewlett-Packard reportedly has decided on a restructuring that will eliminate 30,000 jobs worldwide. The company isn't expected to say anything publically until next week when it announces quarterly earnings.

3:20am

Fri May 18, 2012
Planet Money

The Long, Long, Long Road To New Rules For Banks

Originally published on Fri May 18, 2012 6:30 am

Would that big, bad JPMorgan Chase trade have violated the Volcker Rule?

It's too soon to say, despite the fact that the rule is part of a two-year-old law.

The Volcker Rule bans deposit-taking banks from making speculative bets. But it allows banks to make investments to hedge risks.

Whether the JPMorgan trade counts as a hedge gone horribly wrong (and therefore kosher under Volcker), or as a speculative bet (and therefore prohibited) depends in part on the details of how the rule is written.

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9:45am

Thu May 17, 2012
Cuomo comments on NYRA

NYRA and state officials continue to spar

The New York Racing Association is defending its authority to name its officers and operate freely in what they believe is the best interests of thoroughbred racing.

NYRA promoted two executives while the state is investigating allegations the association intentionally held back roughly $8.5 million in winnings from bettors. State government officials have threatened to replace NYRA, which operates the Belmont, Aqueduct and Saratoga thoroughbred tracks under a state franchise.

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9:15am

Thu May 17, 2012
School Budget Vote Results

Teachers, school boards see disturbing trends in school vote outcome

Tara R. via Flickr

This year's statewide school budget vote was the first to take place after Governor Andrew Cuomo convinced the legislature to adopt the property tax cap.

The governor says the tax cap imposed “fiscal discipline.”

He says he’s  pleased  that few school districts attempted to override the cap, that most districts kept tax increases to a minimum and that so many budgets were approved by voters.

He says taxpayers, as well as state government, are tapped out.

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9:00am

Thu May 17, 2012
EEE

Central NY health officials work to prevent EEE

Three people have died in the last three years in Central New York from the Eastern Equine Encephalitis virus, which can be spread from mosquitoes to  humans.

The deaths have sent scares across the region, and the health departments in Onondaga, Oswego, Madison, and Oneida Counties are taking it seriously.

“It is a rare disease, but it is a very fatal disease and I think that that is very frightening for everybody,” remarked Onondaga County Health Commissioner Cynthia Morrow.

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6:58am

Thu May 17, 2012
Business

Skechers To Settle FTC Complaint

The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.

6:58am

Thu May 17, 2012
Around the Nation

Student Discovers Mastodon Tooth In His Backyard

An Oklahoma teacher asked her fifth graders to each bring in a rock. One student brought in a stone that looked like a tooth. It turns out it was a tooth, according to the Muskogee Daily Phoenix. The tooth may up to 40 million years old.

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