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    Bank Of America Reports $6.2 Billion Profit

    Though the number is huge — $6.2 billion — this morning's third-quarter profit news from Bank of America is generating a lot of "yeah, but" analyses.

    As in:

    -- "It booked that profit largely on selling a bunch of assets and an accounting bonus to account for the declining value of its debt." (The Wall Street Journal)

    -- "The quarter's results were skewed by one-time pretax gains including $4.5 billion in fair-value adjustments of structured liabilities, $3.6 billion from selling a stake in China Construction Bank Corp. and $1.7 billion tied to changes in value of the company's debt." (Bloomberg Businessweek)

    -- "Stripping out a litany of exceptional items, from a $3.6 billion gain due to the CCB stake sale to a $4.5 billion boost from an accounting rule that allows banks to book a profit on the falling value of their own debt, BofA's businesses produced a loss." (The Financial Times)

    The bank's recent announcement of plans to charge many customers $5 a month if they make purchases with their debit cards has not gone over well with some folks, including President Obama.

    Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

    NPR

    'Fresh Air' Remembers 'Nightmare' Director Wes Craven

    Craven, who died Sunday, revitalized and the horror genre with his Nightmare on Elm Street and Scream movie franchises. Includes excerpts from interviews originally broadcast in 1980, 1987 and 1998.
    NPR

    Why Are We Drawn To Heirloom Fruits And Veggies? They're 'Edible Memory'

    Heirloom foods have grown in popularity, making their way into gardens, farms, farmers markets and restaurants. A sociologist says they offer a powerful emotional and physical connection to the past.
    NPR

    Biden's Latest Signal He Won't Run For President

    The vice president's allies may be talking up a presidential bid, but recently Biden has made clear he's still very much reeling from the death of his son and isn't emotionally ready yet.
    NPR

    How The Architect Of Netflix's Innovative Culture Lost Her Job To The System

    Netflix is famous for pioneering a company culture that demands standout results from every employee. One of the architects of this philosophy ended up losing her job to the system she created.

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