Risky Bank Investments and The U.S. Economy | WAMU 88.5 - American University Radio

WAMU 88.5 : The Diane Rehm Show

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Risky Bank Investments and The U.S. Economy

JP Morgan Chase’s chief technology officer, Ina Drew, retired this morning following last week’s disclosure that recent trading losses would cost the bank at least $2.3 billion. The losses, described by CEO James Dimon as “ a terrible egregious mistake”, have reignited debate over what new rules are needed to limit risk at government insured banks. Please join us to discuss managing risk and too big to fail banks.

NPR

Searching For Buried Treasure In China, A Writer Discovers Himself

During the Sino-Japanese War, Huan Hsu's great-great-grandfather buried his vast porcelain collection to keep it safe. Hsu went to find it 70 years later, on a trip about more than missing china.
NPR

Cheez Whiz Helped Spread Processed Foods. Will It Be Squeezed Out?

Turns out, the history of Kraft's dull-orange cheese spread says a lot about the processed food industry — and where it might be headed as Kraft and Heinz merge.
NPR

Proposed Payday Industry Regulations Must Strike Delicate Balance

The federal government is moving to reign in the payday loan industry, which critics say traps consumers in a damaging cycle of debt. A look at the possible effects of proposed regulations.
NPR

App That Aims To Make Books 'Squeaky Clean' Draws Ire From Edited Writers

Clean Reader — an app designed to find, block and replace profanity in books — has drawn considerable criticism from authors. This week, makers of the app announced they would no longer sell e-books.

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