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Law
12:00 am
Tue January 1, 2013

Justice Wants Banks To Be Quasi Cops

Credit Ramin Talaie / Getty Images
Assistant U.S. Attorney General Lanny Breuer announces a nearly $2 billion money laundering settlement with British bank HSBC on Dec. 11 in New York City.

Originally published on Tue January 1, 2013 6:44 am

Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.

But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.

Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.

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Science
12:00 am
Tue January 1, 2013

The Year Of The Higgs, And Other Tiny Advances In Science

Credit Barcroft Media/Landov
Scientists at the Large Hadron Collider announced the discovery of the Higgs boson on July 4, the long-sought building block of the universe. This image shows a computer-simulation of data from the collider.

Originally published on Tue January 1, 2013 6:44 am

It's a year-end tradition to cobble together a list of the most important advances in science. But, truth be told, many ideas that change the world don't tend to spring from these flashy moments of discovery. Our view of nature — and our technology — often evolve from a sequence of more subtle advances.

Even so, chances are good that this year's list-makers will choose the discovery of the Higgs boson as the most important discovery of 2012.

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World
11:59 pm
Mon December 31, 2012

Multiple Feuds Bring A Record Year Of Violence To Karachi

Originally published on Wed February 13, 2013 7:35 am

The sad truth about Karachi in 2012 was that whatever your religion, business affiliation, or political party, someone was willing to kill you for it.

The murder rate in Pakistan's largest city and commercial hub hit an all time high last year. Over 2,500 people died in violent crimes in Karachi in 2012, a 50 percent increase over the year before.

Most of the deaths were attributable to sectarian killings and score settling. Shia Muslims took on the brunt of the violence. But Sunni Muslims were killed in reprisal attacks that added to the tally.

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Business
11:57 pm
Mon December 31, 2012

New Year Brings Minimum Wage Hikes In 10 States

Credit iStockphoto.com
Rhode Island's minimum wage will increase from $7.40 to $7.75.

Originally published on Tue January 8, 2013 11:23 am

On Tuesday, the minimum wage in 10 states will increase by anywhere from a dime to 35 cents.

For all of the states but one, the pay hikes are part of automatic adjustments designed to keep up with the cost of living.

In Rhode Island, it took a state law to raise the minimum wage for the first time in five years.

Rising Wages Vs. Rising Prices

Cafe Zog in Providence is a cozy, quirky place where you can grab a coffee and bagel to go, or nab a booth then head to the counter to order a hot breakfast.

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Business
11:56 pm
Mon December 31, 2012

Rift With China Clouds Solar Industry's Future

Credit Lauren Sommer for NPR
Solar panels come off the line at SunPower's solar manufacturing plant near San Jose, Calif.

Originally published on Tue January 1, 2013 6:44 am

It's been a banner year for solar energy. The United States is on track to install a record number of solar power systems — thanks in large part to low-cost solar panels from China. That's been challenging for American manufacturers, and federal officials have put trade tariffs on Chinese panels.

Things look busy at the SunPower solar manufacturing plant in Silicon Valley. Workers are screwing frames onto shiny, 6-foot solar panels as they come off the line.

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Business
11:40 pm
Mon December 31, 2012

'Fiscal Cliff' Statement From President Obama

Originally published on Wed January 2, 2013 8:16 am

The White House released this statement from President Obama at 2:30 a.m. on Tuesday:

Leaders from both parties in the Senate came together to reach an agreement that passed with overwhelming bipartisan support today that protects 98 percent of Americans and 97 percent of small business owners from a middle class tax hike. While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay.

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NPR Story
4:26 pm
Mon December 31, 2012

With Deadline In Sight, No Final Deal On Fiscal Cliff

Originally published on Mon December 31, 2012 4:55 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. There's good news and bad news on the so-called "fiscal cliff," just hours before the nation is set to slide over it. The good news is that top negotiators for the Senate and the White House are by all accounts this close to a deal. The deal would prevent a major income tax hike for most Americans. That starts tomorrow.

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It's All Politics
3:22 pm
Mon December 31, 2012

Chief Justice John Roberts On Fiscal Woes: Don't Look At Us

Credit Ann Wilkins / AP
Chief Justice John Roberts speaks in Farmington, Pa., in June.

Chief Justice John Roberts wants everyone to know the federal judiciary is doing its part to keep down government costs. Roberts used his year-end report on the state of the courts to point out that the judicial branch consumes "a miniscule portion of the federal budget" — about $7 billion in fiscal year 2012, or two-tenths of 1 percent of the total government budget.

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The Two-Way
2:59 pm
Mon December 31, 2012

New Year's Eve 2012: The World Celebrates 2013

Credit AFP / AFP/Getty Images
Revelers count down to 2013 near the Shwedagon Pagoda in Yangon, Myanmar, where thousands gathered for the city's first public countdown to the New Year.

It is New Year's Eve. And that means people will: go to parties and drink Champagne; ignore the hubbub and go to bed by 10; start cooking for New Year's Day; watch college football — or possibly some combination of the above.

You can see celebrations around the world by checking out a special photo feed on Instagram. The site shifts timezones to mark the latest to ring in the new year.

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Superstorm Sandy: Before, During And Beyond
2:21 pm
Mon December 31, 2012

Could Post-Superstorm Sandy Rebuilding Energize The Economy?

Credit Mark Lennihan / AP
Contractors Benny Corrazo, left, and Michael Bonade install a new set of sliding glass doors in a home that survived Superstorm Sandy in the Breezy Point section of New York on Dec. 20, 2012. Some economists say that reconstruction efforts may stimulate the economy.

Originally published on Mon December 31, 2012 4:55 pm

Superstorm Sandy did tens of billions of dollars in damage to coastal areas of New York and New Jersey.

But there may be a silver lining to all that destruction: Some economists argue that reconstruction from Sandy could help stimulate the national economy in 2013. Still, others are more skeptical.

Charlie Messina uses a jackhammer to break up flood-damaged concrete in a basement in the Brooklyn neighborhood of Manhattan Beach. Messina owns a small business that does renovations.

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