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Economy
7:55 am
Tue June 12, 2012

The Fed's Tough Job Gets Harder In Election Year

Federal Reserve Board Chairman Ben Bernanke hasn't said whether the central bank will act to further stimulate the economy.
Alex Wong Getty Images

Americans who fear the economy is losing steam would like to see the Federal Reserve turn up the heat.

That might happen when the central bank holds its next meeting June 19-20. The Fed could take steps to drive interest rates even lower, or create fresh piles of cash to stimulate growth.

But with the election season gearing up, the Fed's ability to act boldly may be restrained. That's because the monetary policymakers want to preserve the Fed's credibility as a nonpartisan entity.

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Planet Money
7:06 am
Tue June 12, 2012

Why It's Illegal To Braid Hair Without A License

Jestina Clayton, would-be braider.
Jim Urquhart AP

Originally published on Thu June 21, 2012 4:21 am

Note: This post was updated to add audio from Morning Edition.

Jestina Clayton learned how to braid hair as a girl growing up in Sierra Leone. When she was 18, she moved to America. Got married, had a couple kids, went to college.

When she graduated from college, she found that the pay from an entry-level office job would barely cover the cost of child care. So she decided to work from her home in Utah and start a hair-braiding business.

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The Two-Way
6:48 am
Tue June 12, 2012

JPMorgan Knew Of Risks, 'WSJ' Reports

"Some top JPMorgan Chase executives and directors were alerted to risky practices by a team of London-based traders two years before that group's botched bets cost the bank more than $2 billion," The Wall Street Journal is reporting.

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The Two-Way
6:28 am
Tue June 12, 2012

The Dingo Did Take The Baby

Lindy Chamberlain-Creighton holds her daughter Azaria's death certificate as ex-husband Michael Chamberlain (left) looks on after a coroner ruled today that a dingo snatched the baby from a tent in the Australian desert 32 years ago.
Patrina Malone AFP/Getty Images

A coroner in Australia has agreed that the dingo did in fact take the baby — "settling a notorious 1980 case that split the nation and led to a mistaken murder conviction," as The Associated Press writes.

And Australia's ABC News says Michael Chamberlain and his ex-wife Lindy Chamberlain-Creighton on Tuesday (in Australia) heard words for which they've waited 32 years:

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Remembrances
6:18 am
Tue June 12, 2012

'Dynasty' Costume Designer Nolan Miller Dies

Transcript

RENEE MONTAGNE, HOST:

Fans hooked on "Dallas" back in the '80s were probably also watching other popular prime time soaps, including "Dynasty." "Dynasty," like its rival, was about a rich oil family, this one in Colorado, and the women on "Dynasty" defined '80s fashion with their slinky blouses, gold lame, glamorous jewelry, and of course those power suits with the big shoulders.

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