JetBlue Airways apologized after removing a passenger from her flight because she was on a no-fly list. The passenger looks innocent enough — maybe because she's 18 months old. Her mother told WPBF-TV in Florida that the idea her daughter is a threat was "absurd" and "made no sense."
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
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And I'm David Greene. Good morning.
JPMorgan Chase has acknowledged losing at least $2 billion over the last six weeks in an investment strategy that went awry. The losses are a big embarrassment to a bank that's usually seen as one of the best-managed on Wall Street. And the incident is already prompting new calls for tighter restrictions on bank trading.
The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.
Now, the presidential election is expected to turn on the economy, which means that every bit of economic news takes on political significance. Trouble is, we don't always know what to make of it when we hear that unemployment claims fell again. Sounds good. Or that the trade deficit jumped. Not so good. NPR's Tamara Keith and Scott Horsley will now help us sort that out.
TAMARA KEITH, BYLINE: Whatever story you want to tell about the U.S. economy, you can find some data points to make your case.
U.S. homeownership rates have fallen to their lowest point since 1997, despite the homebuyer tax credit and enduring rock-bottom interest rates. Two years ago on Morning Edition, we profiled two couples who were renting with no regrets. Have they changed their tune?
NPR's business news starts with Sony hitting a three-decade low.
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INSKEEP: Sony shares fell to their lowest level since 1980 on Japan's Nikkei stock exchange today. That drop follows yesterday's report that the company suffered a net loss of $5.7 billion for the last fiscal year. The once dominant tech company has fallen behind other industry giants like Samsung and Apple, and has seen especially heavy losses in its TV division. Transcript provided by NPR, Copyright NPR.
Mitt Romney's presidential campaign is in damage control mode after an article in The Washington Post accused the candidate of bullying in high school. Romney says he does not remember the incidents. Several of his classmates independently recall him going after students who seemed different, vulnerable or effeminate.
According to a survey by the National Retail Federation, mothers will be treated to a little more this holiday. All told, American consumers are expected to spend about $18.6 billion on the moms, stepmoms or grandmas in their lives.
When President Obama announced he now supports same-sex marriage, he cited his Christian faith.
"The thing at root that we think about is, not only Christ sacrificing himself on our behalf, but it's also the Golden Rule, you know — treat others the way you would want to be treated," he said in his interview with ABC News.
President Obama is giving a speech about the economy Friday in Reno, Nev. It's his third trip to Nevada this year. In 2008, he won the state by 12 percentage points — in large part by getting more than three-quarters of the Latino vote.
NPR listeners normally hear from sports commentator Frank Deford for three minutes at a time Wednesday mornings, as he opines on the latest follies of the sporting world. But Deford fans have been getting to hear the veteran sportswriter at greater length lately. He's on a book tour for his new memoir, Over Time: My Life as a Sportswriter. When Deford stopped in Washington, D.C., NPR's Steve Inskeep had the chance to interview him in front of a lively crowd.
Every spring, high school students descend on the headquarters of the New York Federal Reserve, a few blocks from Wall Street in downtown Manhattan. They compete to see who does the best impression of a central banker.
The High School Fed Challenge is a big deal. Schools like Montclair High in Montclair, New Jersey have multiple rounds of tryouts just to get on the team. Then they practice for months.
Dennis McLaughlin interviewed his mom, Theresa, to thank her for how she raised him. Born in 1948 with spina bifida, he was missing several vertebrae and was unable to use his legs. Theresa was a single mom, working in a paper mill near Portland, Maine.
"When you were 1 year old, your grandfather McLaughlin built you a little wheelchair," Theresa says, "built it out of wood that he had and wheels from a tricycle, and you got around in that very, very well."
Let others get distracted by the news the day before that President Obama now personally supports gay marriage. Mitt Romney and Speaker John Boehner said Thursday they intended to stay on message and keep hitting the president in what they view as his Achilles heel — the economy.
Being that it's also the issue voters have in repeated polls said is most important to them, it was hard to argue with their decision.
The fallout from the hazing scandal at Florida A&M University continued today: First there was news that after 40 years, the band director was stepping down and then there was news that Florida's top university official asked the university to keep the Marching 100 band off the field.
President Obama is attending a fundraiser at the home of actor George Clooney in Studio City, Calif., on Thursday evening, along with about 150 guests. Almost anyone can attend, if they pony up $40,000.
But for a few sweepstakes winners, the price of admission is about $3. It's the latest innovation in political fundraising.
Marketing-wise, there's nothing more old school than a sweepstakes.
Spain nationalized its largest real estate lender Wednesday night and plans to announce an overhaul of the country's entire banking system Friday.
The country is scrambling to prevent its troubled banks — weighed down by property debts — from sabotaging the whole economy. The Spanish government has only to look northward to Ireland to see what could happen if it fails.
"The undercover operation was being directed by British intelligence with help from other international intelligence agencies," Dina tells us. "The British had put some pressure on the Obama administration not to reveal their role in the secret mission."
When you listen to All Things Considered host Melissa Block's story about Thomas Jefferson's garden, you'll hear how he cared about putting peas on the table and sharing seeds with his friends. He also set loftier goals for his vegetable garden: Monticello's south-facing expanse was a living laboratory for a lifelong tinkerer and almost obsessive record keeper. Jefferson was, in many ways, a crop scientist.
Thousands of people in Windsor, Ontario, say they are being invaded by an obnoxious noise emanating from outside Detroit. They call it the "Windsor Hum," and it's really two sounds — a deep, very low-frequency hum, like a diesel truck idling in your driveway, and a deep, vibrating pulse that you feel more than you hear.