Originally published on Mon December 10, 2012 6:04 pm
By Steve Mullis
In a statement on Monday, the U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234,169,156 common stock shares in insurer American International Group Inc., better known as AIG.
The U.S. government bought the controlling stake in the company as part of the $182 billion bank bailout in 2008. The sale would bring an end to the government's run as the company's largest shareholder, which represented a 16-percent ownership in the company.
Update at 7 a.m. ET, Dec. 11. Settlement Announced:
Saying that "we accept responsibility for our past mistakes," the chief executive of Britain's HSBC has confirmed that the banking giant will pay a record $1.9 billion to settle charges related to a money laundering scheme in the U.S.
By the year 2030, for the first time in history, a majority of the world's population will be out of poverty. Middle classes will be the most important social and economic sector. Asia will enjoy the global power status it last had in the Middle Ages, while the 350-year rise of the West will be largely reversed. Global leadership may be shared, and the world is likely to be democratizing.
Originally published on Mon December 10, 2012 8:44 pm
A Nordstrom salesperson shows a customer an online selection of shoes on an in-store iPad. Like some other retailers, Nordstrom is using mobile devices to make on-the-spot sales and check companywide product inventory instantly.
The women's shoe department at Nordstrom's flagship store in Seattle is bustling. Shoppers are trying on everything from stilettos to rain boots — and when they're ready to buy, they can pay up right where they are.
The sales associate simply whips out a modified iPod Touch and scans the shoe box's bar code. The handheld device contains a credit card reader, too, so the customer can just hand over the plastic and sign with a fingertip. There's no trek to the cash register and no line to wait in.
Originally published on Wed December 12, 2012 8:04 am
The barbs on porcupine quills make it easier from them to penetrate the skin.
Credit National Park Service
Pulling out a porcupine quill is painful and slow, as many a dog discovers to its dismay after tangling with the big rodent. But those tenacious quills are inspiring efforts to develop better medical devices, including less painful needles.
It turns out that no one had really picked apart why it's so hard to remove a porcupine quill. Barbs, sure. But the barbs not only stick like mad. They also make it much easier for the quill to pierce skin and flesh.
After the U.N. General Assembly upgraded the status of the Palestinian Authority to an observer state the week before last, Israeli Prime Minister Benjamin Netanyahu responded with an expansion of housing plans on the West Bank, near Jerusalem and Tel Aviv. The U.S. called that counterproductive. And it came after Washington had backed Israel in the U.N., helped Egypt mediate a cease-fire in Gaza and funded production of Israel's Iron Dome anti-missile system.
And if past negotiations are any indication, that silence could mean the talks are going well. We're joined now by NPR's congressional reporter Tamara Keith, who has been following developments on the Hill and beyond. And as Ari just said, neither side is talking about the details, but Tamara, what are they saying?
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel. President Obama got out of Washington today. He visited a car plant this afternoon in Detroit. The president was there, in part, to talk jobs and to herald some good news for manufacturing in Michigan. But looming over today's visit, and over much of what Mr. Obama does these days, are the budget negotiations back in Washington.