The allegations this week against London-based Standard Chartered Bank raise questions, not just about the bank's viability but also about the efficacy of U.S. laws when it comes to foreign banks. Standard Chartered allegedly violated U.S. sanctions against Iran, and regulators said the bank's executives lied to investigators as part of a cover-up.
The case serves as yet another reminder that U.S. regulations, which have strengthened since the Sept. 11, 2001, terrorist attacks, apparently did not deter foreign banks from laundering money through their U.S. operations.
This week, the presidential campaign has been dominated by debate over the welfare law from the 1990s. It's just the latest example of how both sides are trying to use the Clinton years to their advantage — portraying them as a halcyon golden age.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
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And I'm Melissa Block. President Obama barnstormed through Colorado today holding rallies in Pueblo and Colorado Springs. It's his second full day in the state, one of a handful of battlegrounds that could decide the November election. As NPR's Scott Horsley reports, the president touted his support for clean energy and reached out to Colorado's growing Latino population.
Originally published on Thu August 9, 2012 8:44 pm
Citing a loss of confidence in the book's details, Christian publisher Thomas Nelson is ending the publication and distribution of the bestseller, The Jefferson Lies: Exposing the Myths You've Always Believed About Thomas Jefferson.
Originally published on Thu August 9, 2012 6:12 pm
How many votes can President Obama gain or Mitt Romney lose because of the Republican's opposition to renewing federal tax credits to wind energy producers? The answer, with apologies to Bob Dylan, is blowin' in the wind.
Obama hopes to influence the answer by relentlessly pounding the all-but-official Republican presidential nominee's opposition to the renewal.
The nationwide drought that has withered crops in more than 30 states shows no sign of letting up. But as Katharine Hepburn established in her film, The Rainmaker, that doesn't mean hope has to dry up.
"I dreamed we had a rain, a great big rain," she tells her brothers, only to be told that "a drought's a drought, and a dream's a dream."
In Olympic women's soccer, the U.S. team has beaten Japan, 2-1, in the gold medal match at London's Wembley Stadium, a game that set a new attendance record with more than 80,000 spectators. Carli Lloyd scored both of the American goals, while U.S. stars Alex Morgan and Abby Wambach weren't able to finish their chances. But they were very active, and both players kept the Japanese defenders occupied around the goal.
Brian Bills, a flight operations analyst for Lockheed Martin, demonstrates the Procerus VTOL (vertical takeoff and landing) Flight System — a surveillance drone for commercial, civil and military customers — at the Association of Unmanned Vehicle Systems International conference in Las Vegas. (Watch a demo video.)
Credit Kainaz Amaria / NPR
Manufacturers at the conference showed a wide range of unmanned vehicles used in the air, on land and in the sea.