Originally published on Fri December 16, 2011 2:24 pm
RENEE MONTAGNE, HOST:
In federal court in New York this morning, the Securities and Exchange Commission charged six top executives of Fannie Mae and Freddie Mac with civil fraud. The SEC says the executives of the giant mortgage companies mislead investors about the amount of subprime loans their companies held during the housing bust. NPR's John Ydstie reports.
Good morning, I'm Renee Montagne. Most thieves don't turn themselves in, but two in Wisconsin did without quite intending to. As the men drove off after stealing DVDs and video games from Target, one thief pocket-dialed 9-1-1. A dispatcher listened as the duo detailed their heist, including how the police would be looking for their Blue Dodge Durango.
That tip led the cops directly to them. After 54 minutes, their call to 9-1-1 finally ended with their arrest.
Good morning. I'm Renee Montagne with news of a mysterious donation found in a Salvation Army bucket in Pennsylvania. A gold South African Krugerrand - worth about $1,700 - was found in a kettle Wednesday outside a Wal-Mart. This isn't the first time this has happened. The coins seem to appear almost every year near Gettysburg. Similar coins have been discovered in Salvation Army collections from Tennessee to Chicago. Still, no one's figures out who the secret Santa is. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Republican presidential candidate Newt Gingrich kicked up some dust recently when he opined that poor kids should be able to work as school janitors to develop a work ethic and avoid becoming, in Gingrich's words, a prostitute or a drug dealer.
This week, a tech writer on Forbes.com is causing a stir in the blogosphere with an advice column titled "If I Were a Poor Black Kid." Gene Marks is not a kid, or black. As he put it, he's middle aged, middle class, and white.
Our last word in business today is: Mystery Elves. At Kmart stores around the country, anonymous donors are walking in and paying off the layaway accounts of complete strangers. It seems to have started in Michigan, but the holiday spirit spread. Kmart says the stealth benefactors usually ask for accounts that include toys.
Newt Gingrich stood center state Thursday night in the Sioux City Convention Center. The sharpest elbows did not come from his close rivals, Mitt Romney or Ron Paul. Instead, it was Michele Bachmann who repeatedly went after Gingrich.
It's MORNING EDITION from NPR News. I'm Renee Montagne.
Joe Arpaio, the man who calls himself America's toughest sheriff, is not backing down. The U.S. Justice Department yesterday accused his sheriff's department in Maricopa County, Arizona of systematically violating the constitutional and civil rights of Latinos. By the end of the day, NPR's Ted Robbins reports, the sheriff was hitting back.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
So, it looks like the federal government is not going to shut down at midnight tonight. That's good news. Congressional negotiators say they've reached an agreement to move forward on a trillion-dollar-plus spending plan. It would fund the government through October. There are still some end-of-year issues that haven't been resolved.
A $5 billion federal program to pay for the health benefits of early retirees is proving to be more popular than expected. So popular that it's running out of money earlier than planned. The fund, part of the health care overhaul, was to provide a bridge of insurance coverage until 2014 when early retirees would have many more options under the health care law.
This report is part of a collaboration between Minnesota Public Radio, NPR, and Kaiser Health News.
We're going to remember now the acerbic, controversial and always compelling writer and cultural critic Christopher Hitchens. Vanity Fair, where he was a contributing editor, announced last night that he had died from complications of cancer. He was 62 years old.