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Adm Followup
NPR's Jim Zarroli reports that the Justice Department is trumpeting its $100 million dollar settlement with the Archer Daniels Midland company as the largest penalty ever paid for an antitrust violation. ADM pled guilty to antitrust charges today and said the plea and fine put an end to the government's investigation of the company. Conspicuously absent from the company press release though, was any mention of two top ADM executives. A Justice Department official says the two executives "remain available for prosecution."
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4:10
Congress At Convention
Dozens of members of Congress up for re-election are attending the Republican National Convention this week, and many of them are hoping that the top of the ticket will help out their own campaigns. Many have been fearful that presidential candidate Bob Dole, who has been doing poorly in the polls, might hurt their own re-election chances or the chances of Republicans to retain control of Congress. But the selection of Jack Kemp, a former member of Congress, to be Dole's running mate has given some of these Republicans a boost. NPR's Brian Naylor reports.
Treasury Chief O'Neill Out as Economy Wobbles
Treasury Secretary Paul O'Neill and top White House economic adviser Lawrence Lindsey resign as a jump in unemployment figures and United Airlines' financial woes stir more concern about the U.S. economy. Hear more from NPR's Scott Simon and Joe Nocera of Fortune magazine.
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0:00
Wall Street Fines
NPR's Jim Zarroli reports Wall Street's top brokerage firms agreed to pay nearly $1.5 billion in fines to settle conflict-of-interest charges. Regulators accused the firms of continuing to recommend stocks they privately had turned against. Besides fines, the firms agree to spend several hundred million dollars in coming years buying research from independent firms that don't mix stock research with investment banking.
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4:04
Bush Today
President Elect George W. Bush named two of his top campaign aides to new jobs today, completing the transfer of his "Texas Iron Triangle" from Austin to Washington. Senior strategist Karl Rove will become senior adviser to Bush in the White House, where he will handle public liaison and strategy as well as politics. Joe Allbaugh, who has been Bush's campaign manager, will become the director of the Federal Emergency Management Agency. Don Gonyea reports from Austin.
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1:53
Chemistry and Physics Nobels
The top prizes in science this year recognize inventions that have changed our lives and that could shape the future. The physics award will be shared by people who developed the computer chip and figured out surprising new ways to get semiconductors to do other tricks, such as emitting light. The prize in chemistry goes to researchers who developed plastics that can conduct electricity. NPR's Richard Harris reports. (4:00) Note: The words god damn appear near the end of the third actuality of this piece.
Yugoslavia
NPR's Anne Garrels reports from Belgrade that the French foreign minister visited the Yugoslav capital today. He told president Vojislav Kostunica that assistance to Yugoslavia's new leadership is Europe's top priority. The West has been waiting to see some positive signs from Kostunica on Kosovo. The new president today raised the issue of a possible exchange of ethnic Albanian and Serb prisoners. Ironically, Kostunica's easiest task now seems to be dealing with the West. He has yet to consolidate control over the police and governmental bodies in the Serbian republic.
Japanese Slackers
NPR's Eric Weiner reports that Japan's worst economic downturn since World War II has radically changed expectations of young college graduates. In years past, the country's corporate giants would go to the top schools and actively recruit new employees, who generally were given jobs for life. Now it is the students who are chasing employers. And many of them are not finding jobs. Some have given up on full-time employment and simply bounce from one part-time job to another while living with their parents.
Smokey Robinson's 'Timeless Love'
On his new album, Timeless Love, rhythm and blues legend Smokey Robinson sings hits from the American songbook, including "I Can't Give You Anything But Love (Baby)," "Night and Day" and "More Than You Know." Robinson William "Smokey" Robinson recorded dozens of top 40 hits for the Motown label as a solo artist and with The Miracles.
Music Review: 'Don't Stop the Beat' from Junior Senior
Junior Senior's single "Move Your Feet" has spent nine weeks on Britain's top 10 pop charts and sold more than 200,000 copies. Now the Danish musical duo hopes to take America by storm. Their CD, Don't Stop the Beat, makes its U.S. debut Tuesday. Charles de Ledesma reports.
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4:29
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