A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.
A portion of the $13 billion JPMorgan Chase mortgage settlement will go to anti-blight measures across the country. One of the groups that might receive some of those funds is the Thriving Communities Institute in Cleveland, Ohio. Melissa Block talks with the non-profit's director, Jim Rokakis, about how the group tries to fight blight by establishing land banks, demolishing vacant properties and finding new ways to use the land.
The Justice Department announces that JPMorgan Chase will pay $13 billion to settle U.S. claims over the sale of troubled mortgages. The deal includes a $4 billion payment for consumer relief. More than half of the record settlement amount will be tax-deductible, the banking giant says.
It pays to be unique when you're going for the title of best restroom in the land. Design details are crucial. It also doesn't hurt if patrons can relax in a fantasy setting and grab a drink from a window connecting to a bar.
The number of landlines grew in about two dozen countries, but their growth was explosive in Cambodia, Cameroon and Kiribati, countries that until recently had poor infrastructure. Still, as expected, cellphone numbers were even more impressive.
New figures show women have more jobs in the U.S. than ever before - but men are still struggling to pull out of the recession. Host Michel Martin speaks with NPR senior business editor Marilyn Geewax, and Ariane Hegewisch from the Institute for Women's Policy Research.
Video games are increasingly seen as a deep, artistic medium, as much as a form of entertainment. But behind the big-budget behemoths of the video game industry sits the growing and expanding market of independent video games. These are games created by small teams and even solo developers.
The Chinese government announced last week that soon families will be permitted to have two children — if one of the parents is an only child. They haven't announced when that policy change will occur. Still, on Asian markets, stock prices of baby formula, diaper and stroller companies all soared on Monday in anticipation.
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