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Adm Followup
NPR's Jim Zarroli reports that the Justice Department is trumpeting its $100 million dollar settlement with the Archer Daniels Midland company as the largest penalty ever paid for an antitrust violation. ADM pled guilty to antitrust charges today and said the plea and fine put an end to the government's investigation of the company. Conspicuously absent from the company press release though, was any mention of two top ADM executives. A Justice Department official says the two executives "remain available for prosecution."
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4:10
Congress At Convention
Dozens of members of Congress up for re-election are attending the Republican National Convention this week, and many of them are hoping that the top of the ticket will help out their own campaigns. Many have been fearful that presidential candidate Bob Dole, who has been doing poorly in the polls, might hurt their own re-election chances or the chances of Republicans to retain control of Congress. But the selection of Jack Kemp, a former member of Congress, to be Dole's running mate has given some of these Republicans a boost. NPR's Brian Naylor reports.
Wall Street Fines
NPR's Jim Zarroli reports Wall Street's top brokerage firms agreed to pay nearly $1.5 billion in fines to settle conflict-of-interest charges. Regulators accused the firms of continuing to recommend stocks they privately had turned against. Besides fines, the firms agree to spend several hundred million dollars in coming years buying research from independent firms that don't mix stock research with investment banking.
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4:04
Bush Today
President Elect George W. Bush named two of his top campaign aides to new jobs today, completing the transfer of his "Texas Iron Triangle" from Austin to Washington. Senior strategist Karl Rove will become senior adviser to Bush in the White House, where he will handle public liaison and strategy as well as politics. Joe Allbaugh, who has been Bush's campaign manager, will become the director of the Federal Emergency Management Agency. Don Gonyea reports from Austin.
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1:53
U.S.- Yugoslavia Relations
NPR's Michelle Kelemen reports on new developments in U.S.-Yugoslavia relations. A top Yugoslav official, meeting with Secretary of State Madeleine Albright yesterday, said his country is interested in stronger economic ties with the U.S., and might be willing to allow an international war crimes tribunal to try former President Slobodan Milosevic. The U.S. has set aside 100 million dollars to help Yugoslavia...on the condition that war criminals be tried.
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3:53
Chemistry and Physics Nobels
The top prizes in science this year recognize inventions that have changed our lives and that could shape the future. The physics award will be shared by people who developed the computer chip and figured out surprising new ways to get semiconductors to do other tricks, such as emitting light. The prize in chemistry goes to researchers who developed plastics that can conduct electricity. NPR's Richard Harris reports. (4:00) Note: The words god damn appear near the end of the third actuality of this piece.
Pro Hockey Lockout of Players Drags On
National Hockey League management locks out players over a dispute on salaries. The confrontation may not end until players accept that hockey, as a professional sport, is not a top-tier sport like football and basketball. The league, after years of trying to promote itself as another "big time" sport, wants to reduce its ambitions and its economics. Hear Michele Norris and Wall Street Journal sportswriter Stefan Fatsis.
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At this NYC restaurant, you can order the world's most expensive fries
The $200 plate of french fries are made with champagne and truffles and topped with gold dust.
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0:27
More Funds Requested for Iraq Arms Hunt
NPR's Robert Siegel talks with Charles Duelfer, who served as deputy executive chairman of the U.N. Special Commission on Iraq (UNSCOM) from 1993 to 2000, about the additional $600 million the Bush administration is seeking for the continuing search for weapons of mass destruction in Iraq. The money is part of the $87 billion request that Bush has already put before Congress, and comes on top of the $300 million already spent in the weapons search.
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In Iraq, Blair Discusses Troop Withdrawal
British Prime Minister Tony Blair visits Iraq's new prime minister, Nouri al-Maliki, in Baghdad. British officials say the leaders spoke about the eventual departure of foreign forces from Iraq. Maliki has said his top priority is halting insurgent attacks and stemming sectarian violence that has wracked the country.
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