WAMU 88.5 : The Diane Rehm Show

The Global Banking Scandal

The deputy governor of the Bank of England Paul Tucker goes before the British Parliament today as part of a widening probe into bank manipulation of a key interest rate. He will be quizzed about whether banks were encouraged to lie about the LIBOR during the 2008 financial crisis. LIBOR is the acronym for London interbank overnight rate, used to set interest rates for trillions of dollars of contracts worldwide. The scandal has already cost Barclays Bank its top three officials. As part of a $450 million dollar settlement with U.S. and U.K. regulators, the British banking giant admitted to rigging the LIBOR as early as 2005. The probe has widened to most global banks. Joining Diane to discuss the fallout are University of Maryland School of Law professor Michael Greenberger, chairman of the Commodity Futures Trading Commission Gary Gensler, Francesco Guerrera of The Wall Street Journal and Andrew Palmer of The Economist.

NPR

Yaya Alafia's Songs Of Strength For Her Baby Boy

2013 was a big year for actress and model Yaya Alafia. She starred in three films and had a baby boy. Alafia shares the songs reflecting those experiences for Tell Me More's series 'In Your Ear.'
NPR

Bake Bread Like A Pioneer In Appalachia ... With No Yeast

Bacteria can make a bread rise and give it a cheesy flavor. That's the secret ingredient in salt rising bread, which dates to the late 1700s in Appalachia, when bakers didn't have yeast on hand.
NPR

Obama Assures Japan Of U.S. Security Commitment

The president is on the first stop in an eight-day trip to Asia that also will see him visit Malaysia, the Philippines and South Korea.
NPR

The Price War Over The Cloud Has High Stakes For The Internet

Amazon, Google, Microsoft and others are competing to be the main landlords of the cloud. Their terms and prices could control who gets to build what on the Internet, and for how much.

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