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    Despite Losses, Bank Of America CEO Receives Huge Raise

    Despite the fact that Bank of America lost 58 percent of its value in 2011, its CEO received a compensation package worth $7.5 million. That's a six fold increase from the year before. The AP reports that under Brian Moynihan, Bank of America also lost its title as the No. 1 bank by assets to JPMorgan Chase.

    The New York Times estimates the package is worth $8.1 million. The Times adds:

    "Last year was a turbulent transition for the bank, the second-largest in the United States after JPMorgan Chase, with Bank of America shares dropping below the psychologically important $5 level at one point. During his second year leading the bank, Mr. Moynihan aggressively sold off noncore assets and built up capital levels. Investors have rewarded the strategy more recently, with the stock up sharply in 2012, currently trading at just under $10 a share."

    Bloomberg reports that in 2012 and after Moynihan, 52, sold more than $33 billion assets, the bank's stock has rallied, advancing 70 percent. The Times reminds us that rally could also have to do with greater confidence in the U.S. economy and the fact that the bank passed a federal stress test.

    Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

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    'Kids Love To Be Scared': Louis Sachar On Balancing Fun And Fear

    The award-winning author of Holes has just published a new novel for young readers, called Fuzzy Mud. It mixes middle-school social puzzles with a more sinister mystery: a rogue biotech threat.
    NPR

    Confronting A Shortage Of Eggs, Bakers Get Creative With Replacements

    Eggs are becoming more expensive and scarce recently because so many chickens have died from avian flu. So bakers, in particular, are looking for cheaper ingredients that can work just as well.
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    Jon Stewart's Private White House Meetings

    Comedian Jon Stewart was called to the White House on at least two occasions for private meetings with President Obama, according to Politico. NPR's Arun Rath speaks with reporter Darren Samuelsohn.
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    An App Tells Painful Stories Of Slaves At Monticello's Mulberry Row

    A new app uses geolocation to bring to life a lesser-known section of Thomas Jefferson's Virginia estate — Mulberry Row, which was the bustling enclave of skilled slaves who worked at Monticello.

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