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The Two-Way
10:36 am
Fri May 18, 2012

House Approves Continuation Of Indefinite Detention For Terror Suspects

A unlikely coalition failed to derail the government's practice of holding terror suspects for indefinite periods of time.

Some Democrats and Tea Party Republicans put the issue to a vote through an amendment to the National Defense Authorization Act that would have ended the practice but it ultimately failed, today, in the GOP-controlled house by a vote of 238 to 182.

The AP reports:

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Law
9:57 am
Fri May 18, 2012

Trayvon Martin Case Evidence Raises More Questions

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, leaders of the G8 - that's the group of eight highly industrialized nations - are meeting at Camp David this weekend, but they're also joined by the leaders of some emerging African countries who will discuss the issue of food security on the continent. We'll talk more about that in a few minutes.

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World
9:57 am
Fri May 18, 2012

Why Does Hunger Still Exist In Africa?

Some of the world's fastest growing economies are in Africa. But hunger is still a widespread reality there, and will be a major topic at this weekend's G8 summit. Host Michel Martin discusses efforts to fight hunger on the continent with USAIDs Tjada McKenna and Mwiza Munthali of the advocacy group TransAfrica.

Politics
9:57 am
Fri May 18, 2012

Romney Says No To Super PAC Smear Campaign

Mitt Romney releases his first general election campaign ad. Plus wealthy GOP investors say their super PAC won't run a smear campaign connecting controversial pastor Jeremiah Wright with President Obama. Host Michel Martin discusses the latest political developments with Lenny McAllister of Politic365.com and author Michael Fauntroy.

Business
8:50 am
Fri May 18, 2012

JPMorgan's Troubles And The Price Of Eggs

Do complex Wall Street transactions ever do anything to help average people? To answer that question, we consider the case of an imaginary company, Chickens LLC, that's looking to grow.
Joern Pollex Getty Images

Originally published on Fri May 18, 2012 2:20 pm

Journalists have spent many days and millions of words hashing over the news that banking giant JPMorgan Chase lost billions of dollars trading "synthetic" derivatives.

I am one of those journalists who, more or less, can understand what the bank says it was trying to do, i.e., hedge against loan losses. But here's what I have a hard time explaining:

What does this kind of complex trading have to do with the price of eggs?

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