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NPR

Calif. Budget Deficit Nearly Doubles To $16 Billion

The California budget deficit has grown to $16 billion; that's nearly double the amount Governor Jerry Brown had announced earlier this year. Brown is calling for increased sales and income taxes and cut backs in state programs.
NPR

Resignations Begin At JPMorgan After $2 Billion Loss

JPMorgan Chase's chief investment officer resigned over the weekend and will retire. The bank made the announcement Monday morning, but didn't comment on other expected resignations. Last week JPMorgan surprised the markets with a $2 billion trading loss. That loss has revived interest in the Volcker Rule, which is supposed to reduce risk by prohibiting "proprietary trading."
NPR

Congressional Allies Turned Enemies In Redistricting

Due to redistricting, veteran Democratic Congressmen Brad Sherman and Howard Berman have been thrown into a high-stakes primary contest in the same Southern California Congressional district. And because of California's top-two primary system, Berman and Sherman are likely to face one another again in the fall.
NPR

Algorithms: The Ever-Growing, All-Knowing Way Of The Future

Companies are using algorithms to guess your favorite film, track the development of the Occupy movement and predict insurgencies in Iraq and Afghanistan, among other things. But with great power also comes great responsibility.
NPR

Romney And Obama: A Tale Of Two Commencement Speeches

President Obama was in exceedingly friendly territory Monday at New York's Barnard College. Mitt Romney, meanwhile, wasn't quite Daniel in the lion's den in his Saturday speech at evangelical Liberty University. But some seniors questioned why a Mormon was giving their commencement address.
NPR

Obama Campaign Questions Lessons Of Romney's Business Experience

President Obama's re-election campaign is attacking Mitt Romney's business experience, perhaps his strongest selling point as a candidate, in a new TV ad in five swing states. The presumptive Republican presidential nominee's campaign responds that it "welcomes" the "pivot back to jobs."
NPR

With Gas Boom, Pennsylvania Fears New Toxic Legacy

Industry has ruined a lot of Pennsylvania's water. Coal mining companies hammered the state, leaving behind acidic water that turned thousands of miles of streams into dead zones. People in the state are looking for ways to make sure the fracking boom doesn't deal another blow to its water.

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