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The Two-Way
10:23 am
Tue May 15, 2012

Report: Justice Dept. Probing JPMorgan's Big Loss

Standing behind a banner with a picture of J.P. Morgan Chairman and CEO James Dimon, protesters gathered outside the bank's annual meeting today in Tampa.
Joe Raedle Getty Images

Originally published on Tue May 15, 2012 10:45 am

  • Two soundbites from CEO Jamie Dimon at today's shareholders meeting

The Justice Department has begun looking into JPMorgan Chase's $2 billion-and-counting loss from a hedge account, The Wall Street Journal reports. It cites "a person familiar with the matter" as its source.

The Journal adds that "the probe is at an early stage and it isn't clear what possible legal violation federal investigators may be focusing on."

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Education
9:45 am
Tue May 15, 2012

Why So Many Ph.D.s Are On Food Stamps

The number of people with graduate degrees — master's degrees and doctorates — who have had to apply for food stamps, unemployment or other assistance more than tripled between 2007 and 2010.
iStockphoto.com

Originally published on Tue May 15, 2012 6:16 pm

With the economic troubles of the past few years, it's no surprise that the number of people using food stamps is soaring. The U.S. Department of Agriculture reports that an average of 44 million people were on food assistance last year; that's up from 17 million in 2000.

What might be surprising, though, is one subgroup that's taken a particularly hard hit.

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Economy
9:45 am
Tue May 15, 2012

Can The Government Help Young People Find Jobs?

The school year is winding down, and lots of young people are in the market for a summer job. But finding one in this economy can be hard, especially for teenagers. Host Michel Martin speaks with Labor Secretary Hilda Solis about what the Obama Administration is trying to do to help.

Planet Money
9:00 am
Tue May 15, 2012

How Honduras Can Pull Off Five Centuries Of Legal Reforms In A Decade

Honduran soldiers patrol poor neighborhoods in the outskirts of Tegucigalpa due to a deterioration of the police force.
ORLANDO SIERRA AFP/Getty Images

Originally published on Tue May 15, 2012 8:07 am

In this week's New York Times Magazine, Adam Davidson profiles Paul Romer, an economist at NYU who has convinced Honduras to try a radical new experiment in development economics: Build a city from scratch — and get foreign governments to help run it. We asked Romer and his research associate, Brandon Fuller, to explain how it can be done. Their response is below.

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Theater
9:00 am
Tue May 15, 2012

Audra McDonald: Shaping 'Bess' On Broadway

Audra McDonald.
Michael Wilson Courtesy of Nonesuch Records

Originally published on Tue May 15, 2012 11:23 am

Audra McDonald has starred in stage classics and on TV, where she played a leading role on the ABC drama Private Practice for four seasons. But the actress might be better known for her stunning voice and for her performances in the Broadway productions of Carousel, Master Class and Ragtime, which helped her rack up three Tony Awards before the age of 30. She won a fourth Tony for her performance in A Raisin in the Sun, putting her in the company of Broadway greats Gwen Verdon and Mary Martin.

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