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Planet Money
4:31 pm
Fri January 10, 2014

How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule

Originally published on Fri January 17, 2014 11:05 am

When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.

But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest

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Movie Interviews
4:09 pm
Fri January 10, 2014

Cate Blanchett Finds Humor In The Painfully Absurd

Laugh Riot: Blanchett, pictured here at a Hollywood screening of Blue Jasmine on Jan. 9, tells NPR's Robert Siegel that she read the film as a black comedy. It wasn't until three weeks into filming that director Woody Allen told her it was meant to be a serious drama.
Valerie Macon Getty Images

Originally published on Fri January 10, 2014 6:19 pm

The actress Cate Blanchett is in the States this week; it's summer vacation time for her kids in Australia, where she and her husband are artistic directors of the Sydney Theatre Company.

It's also awards season, and Blanchett makes a compelling claim for one: She plays the title role in Woody Allen's Blue Jasmine, for which she's earned near-unanimous acclaim.

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Sports
4:09 pm
Fri January 10, 2014

A Story Of The Boston Marathon Bombing, As Told On Skates

Ross Miner skates during the men's short program at the 2013 Skate Canada International last year. He hopes to qualify for the upcoming Winter Olympics.
Dave Sandford Getty Images

Originally published on Fri January 10, 2014 6:48 pm

Ross Miner is among those competing for a spot on the U.S. Men's figure skating team Friday night in Boston. He is a hometown favorite who is bringing some local flavor to his performance — he's going to tell the story of last year's Boston Marathon bombing.

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The Two-Way
4:09 pm
Fri January 10, 2014

Dying Stars Write Their Own Swan Songs

This composite image shows new details of the aftermath of a massive star that exploded and was visible from Earth over 1,000 years ago.
Chandra X-ray Observatory Center NASA

Originally published on Fri January 10, 2014 6:48 pm

Alicia Soderberg studies the death of stars. Often, these final moments come as violent explosions known as supernovae. They're spectacular events, but catching one as it unfolds can be tricky.

"You have to be in the right place at the right time, and often we're not," says the professor in Harvard's astronomy department. "So all you can do is do a stellar autopsy and go back and try to pick up the pieces and try to figure out what happened."

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Asia
2:52 pm
Fri January 10, 2014

An Execution In North Korea Has A Chilling Effect In China

The Chinese and North Korean flags are seen attached to a railing as trucks carrying Chinese-made goods cross into North Korea on the Sino-Korean Friendship Bridge at the Chinese border town of Dandong on Dec. 18, 2013. Ties between the two longtime allies are strained after the execution of the North Korean official in charge of economic relations with China.
Mark Ralston AFP/Getty Images

Originally published on Fri January 10, 2014 6:48 pm

North Korean leader Kim Jong Un shocked the world last month when he accused his uncle and mentor of treason and had Jang Song Thaek executed.

The consequences of that purge are reaching beyond North Korea's border. Jang had been in charge of trade with China, and his death has had a chilling effect on ties with North Korea's neighbor and longtime ally.

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