NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright National Public Radio.
Good morning. I'm Renee Montagne. Off the coast of Croatia is an island where the mayor dines with Eric Clapton, offers to rename an island Facebook Island if Mark Zuckerberg comes to visit, and just gave honorary citizenship to a celebrity baby. The baby is Blue Ivy, daughter of Beyonce' and Jay Z. Her name was apparently inspired by a tree covered in Blue Ivy at a resort on the island, Hvar. the mayor says the publicity has been great for tourism. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
A Nordstrom warehouse worker created a mini department store in his living room — displaying fancy watches and hand bags at very good prices. He even took orders. Police noticed him when he wore a bulky winter coat to work on a hot summer day and made lots of trips to his car.
Two dozen people on four continents have been charged with trafficking in stolen credit cards and bank account numbers. Eleven of the defendants were arrested in the U.S. They were caught after allegedly using a website set up by the FBI as part of a sting operation.
NPR's Jim Zarroli reports.
JIM ZARROLI, BYLINE: FBI officials said the arrests yesterday amounted to the largest coordinated international law enforcement action in history. It involved 13 countries in North America, Asia, Europe and Australia.
In advance of the Supreme Court's ruling on the Obama health care law, Renee Montagne talks to Jamal Greene — associate professor at Columbia Law School and former clerk for Justice John Paul Stevens — about how the Supreme Court thinks through momentous cases.