Originally published on Thu August 1, 2013 4:59 pm
A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.
Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.
Skiers Jessie Diggins (from left), Kikkan Randall and Sadie Bjornsen finish practice. During the summer, they ski on Eagle Glacier to prepare for competition. It's one of the few places where skiers can train on snow during the summer.
The U.S. women's cross-country ski team has never won an Olympic medal. But that could change in Sochi, Russia, in February. The team has a secret weapon: a pristine glacier high above the mountains of Anchorage.
On the ground, it's summer. But as soon as the helicopter crests the mountain: winter. The snowy white Eagle Glacier stretches out for miles, rimmed by rocky peaks.
Originally published on Thu August 1, 2013 5:01 pm
In education circles, Tony Bennett is widely known as a hard-charging Republican reformer associated with Jeb Bush's prescriptions for fixing public schools: charter schools, private school vouchers, tying teacher pay to student test scores and grading schools on a A through F scale.
Bennett resigned from his post as Florida's education chief this morning when a controversy over the last of those things — the school grades — caught up with him.
Originally published on Fri August 2, 2013 1:55 pm
Taking acetaminophen causes rare but potentially deadly skin reactions in some people, the Food and Drug Administration warned Thursday.
The goal is not to scare people off Tylenol and other acetaminophen-based pain relievers, which are among the most popular medications in the United States, federal officials say.
Instead, they want people to be aware that these skin conditions can be a side effect of using acetaminophen, so that if they notice a rash or other skin reaction they can stop taking the drug and quickly get to a doctor.
Originally published on Sat August 3, 2013 8:11 am
Chinese gamers may soon be able to settle by force a thorny international dispute between their government and Japan over who controls a small chain of islands in the East China Sea.
The basic platform of the newly released Glorious Mission Online was developed as a training tool for the People's Liberation Army. Game maker Giant Interactive Group (GIG) has expanded the "first-person shooter" game with a simulation of a Chinese amphibious assault on the Senkaku islands, as they are known in Tokyo, or Diaoyu, as Beijing calls them.
Imported food is getting the kind of attention these days that no product wants. Health officials in Iowa and Nebraska are blaming salad greens for making hundreds of people sick with a parasite called cyclospora. That parasite usually comes from the tropics, so it's likely the salad did, too. Earlier this summer, pomegranate seeds from Turkey were linked to an outbreak of hepatitis A.
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In New York City today, a victory for the Securities and Exchange Commission: A federal jury held former Goldman Sachs trader Fabrice Tourre liable on six of the seven counts against him. The SEC had accused Tourre of intentionally misleading investors about a mortgage-backed security just as the housing sector was beginning to collapse. The investment created huge losses.
A new homeless initiative in Hawaii is raising some eyebrows, and the department in charge of implementing it has concerns of its own.
As part of a larger housing bill in July, the state Legislature approved $100,000 per year for a three-year pilot project that would help get some homeless people off the island and back to their families on the mainland. Participants must leave voluntarily.
Originally published on Thu August 1, 2013 1:32 pm
Uruguay is poised to create a state-licensed marijuana industry, after the country's lower house of Congress passed a controversial bill late Wednesday detailing how the government would regulate marijuana — from its production and import to marketing and distribution. The move would be a first.
NPR's South America correspondent Lourdes Garcia-Navarro tells our Newscast unit that the landmark bill now goes to the Senate, where it is expected to sail through.
Originally published on Thu August 1, 2013 5:48 pm
Every Sunday, hundreds of worshippers descend on the Sikh Temple of Wisconsin in Oak Creek, just south of Milwaukee. They come here to pray and to eat a weekly meal together, called a langar. On Aug. 5, 2012, as women were preparing the meal, a gunman opened fire, killing six people, including the temple president, a priest, fathers and a mother, before turning the gun on himself. Photos of the victims now hang in the lobby of the temple, called a gurdwara.
Originally published on Fri August 2, 2013 3:01 pm
When Dippin' Dots emerged in 1987 with the slogan "Ice Cream of the Future," its liquid nitrogen-blasted pellets seemed about as cutting edge as ice cream could get.
But ice cream has come a long way since then. Now, ice cream revolutionaries are updating our notions of ice cream texture and flavor with bioengineering and sheer chutzpah. Welcome to the new future of ice cream.