The Two-Way
6:40 am
Thu September 15, 2011

Jobless Claims Rose By 11,000 Last Week; Prices Rose 0.4 Percent In August

The number of people filling first-time claims for unemployment insurance rose by 11,000 last week from the week before, the Employment and Training Administration just reported.

There were 428,000 such claims. After peaking at 659,000 in March 2009, weekly claims started to edge down. But they've remained near or above 400,000 since early April of this year.

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The Two-Way
6:30 am
Thu September 15, 2011

Colorado Cat Turns Up In Manhattan

Willow, who somehow got from Colorado to Manhattan, at her temporary home in a New York animal care facility on Wednesday (Sept. 14, 2011).
Bebeto Matthews AP

Originally published on Thu September 15, 2011 7:09 am

The stories of lost pets turning up years later and hundreds (or thousands) of miles from home keep coming.

Today's tale, from The Associated Press:

"A calico cat named Willow, who disappeared from a home near the Rocky Mountains five years ago, was found Wednesday on a Manhattan street and will soon be returned to a family in which two of the three kids and one of the two dogs may remember her.

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The Two-Way
5:55 am
Thu September 15, 2011

U.K. Prime Minister To Gadhafi: 'It Is Over, Give Up'

"It is over. Give up. The mercenaries should go home."

That's the message today from British Prime Minister David Cameron to ousted Libyan leader Moammar Gadhafi, The Guardian reports.

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Business
5:52 am
Thu September 15, 2011

Rogue Trader Leaves UBS With $2 Billion Loss

Swiss banking giant UBS is struggling to restore its reputation after heavy subprime losses during the financial crisis and an embarrassing U.S. tax evasion case.
Fabrice Coffrini AFP/Getty Images

Swiss banking giant UBS said Thursday that one of its traders lost an estimated $2 billion through unauthorized transactions, which could result in a loss for its entire third quarter.

Police in London's financial district said they have arrested a 31-year-old man in connection with the massive loss. He was arrested at 3:30 a.m. on suspicion of abusing his position to commit fraud.

The unidentified trader reportedly worked in UBS's London equities division.

Shares of UBS sank on the Zurich exchange Thursday, at one point plummeting more than 8 percent.

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The Two-Way
5:25 am
Thu September 15, 2011

Swiss Bank UBS Says Rogue Trader Caused $2 Billion Loss

Oli Scarff Getty Images

"Unauthorized trading" by one of its traders has led to a loss "in the range of $2 billion," Swiss banking giant UBS announced this morning.

He reportedly worked in the bank's London equities division, Larry Miller reports for NPR, and was arrested by authorities there early today "on suspicion of using his position to commit fraud."

According to UBS, none of its clients were affected by the loss.

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Economy
10:01 pm
Wed September 14, 2011

Mortgage Savings: Leaders Seek Refinancing Options

In his jobs speech last week, President Obama also took time to say he wants to help more Americans save money on their mortgages.

"To help responsible homeowners, we're going to work with federal housing agencies to help more people refinance their mortgages at interest rates that are now near 4 percent," he said to applause from lawmakers on both sides of the aisle.

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National Security
10:01 pm
Wed September 14, 2011

For A Marine Hero, A Medal Of Honor

Marine Dakota Meyer poses during his deployment in Kunar province, Afghanistan. President Obama is awarding him the Medal of Honor on Thursday, making him the first living Marine to receive the honor since the Vietnam War.
Anonymous AP

Shortly after dawn on a September morning in 2009, American and Afghan troops set out on patrol along a rocky mile-long stretch in eastern Afghanistan. They were heading to a small village for a routine meeting with tribal elders.

Suddenly, everything went wrong.

Cpl. Dakota Meyer and Staff Sgt. Juan Rodriguez-Chavez, who had stayed behind with the vehicles, heard small arms fire in the distance and knew instantly it was an ambush. Rodriguez-Chavez then heard an officer yelling for help on the radio.

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Around the Nation
10:01 pm
Wed September 14, 2011

For Joplin's Children, Tornado's Effects Persist

A child's room is seen in a destroyed home after the tornado passed through Joplin on May 26. The city's residents are still coping with losses from the storm, which damaged or destroyed an estimated 8,000 structures.
Mario Tama Getty Images

The tornado that hit Joplin, Mo., in May destroyed a third of the town and killed 162 people. While the storm lasted just minutes, the psychological damage continues, and the community is mobilizing to cope with continuing trauma. The city's children are dealing with both the unsettling effects of the tornado and what the loss, disruption and heartache is doing to their parents.

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Economy
10:01 pm
Wed September 14, 2011

Making It In The U.S.: More Than Just Hard Work

Dametra Williams (right) says she thinks her daughter, Yvonne, 18, (left) is going into the world with the head start she never had.
Pam Fessler NPR

First of a two-part report.

Here's a startling figure: The typical white family has 20 times the wealth of the median black family. That's the largest gap in 25 years. The recession widened the racial wealth gap, but experts say it's also due to deeply ingrained differences in things such as inheritance, home ownership, taxes and even expectations.

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