"O Canada," the national anthem of our neighbors up north, comes in two official versions — English and French. They share a melody, but differ in meaning.

Let the record show: neither of those lyrics contains the phrase "all lives matter."

But at the 2016 All-Star Game, the song got an unexpected edit.

At Petco Park in San Diego, one member of the Canadian singing group The Tenors — by himself, according to the other members of the group — revised the anthem.

School's out, and a lot of parents are getting through the long summer days with extra helpings of digital devices.

How should we feel about that?

Police in Baton Rouge say they have arrested three people who stole guns with the goal of killing police officers. They are still looking for a fourth suspect in the alleged plot, NPR's Greg Allen reports.

"Police say the thefts were at a Baton Rouge pawn shop early Saturday morning," Greg says. "One person was arrested at the scene. Since then, two others have been arrested and six of the eight stolen handguns have been recovered. Police are still looking for one other man."

A 13-year-old boy is among those arrested, Greg says.

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After an international tribunal invalidated Beijing's claims to the South China Sea, Chinese authorities have declared in no uncertain terms that they will be ignoring the ruling.

The Philippines brought the case to the Permanent Court of Arbitration in The Hague, objecting to China's claims to maritime rights in the disputed waters. The tribunal agreed that China had no legal authority to claim the waters, and was infringing on the sovereign rights of the Philippines.

Donald Trump is firing back at Supreme Court Justice Ruth Bader Ginsburg after she made disparaging comments about him in several media interviews. He tweeted late Tuesday that she "has embarrassed all" with her "very dumb" comments about the candidate. Trump ended his tweet with "Her mind is shot - resign!":

Donald Trump wrapped up his public tryout of potential vice presidential candidates in Indiana Tuesday night with Gov. Mike Pence giving the final audition.

The Indiana governor's stock as Trump's possible running mate is believed to be on the rise, with New Jersey Gov. Chris Christie and former House Speaker Newt Gingrich also atop the list. Sources tell NPR the presumptive GOP presidential nominee is close to making a decision, which he's widely expected to announce by Friday.

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The unassuming hero of Jonas Karlsson's clever, Kafkaesque parable is the opposite of a malcontent. Despite scant education, a limited social life, and no prospects for success as it is usually defined, he's that rarity, a most happy fella with an amazing ability to content himself with very little. But one day, returning to his barebones flat from his dead-end, part-time job at a video store, he finds an astronomical bill from an entity called W.R.D. He assumes it's a scam. Actually, it is more sinister-- and it forces him to take a good hard look at his life and values.

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JPMorgan 'Rogue Trader' Losses Send Chills Through Markets

May 11, 2012
Originally published on May 11, 2012 11:46 am

"It was a bad strategy. It was badly executed."

The words of JPMorgan Chase's CEO, Jamie Dimon, as he admitted late yesterday that the investment bank — or, more precisely, a single "rogue trader" working for the bank, had lost some $2 billion in the last six weeks in risky hedge-fund trades.

The news has sent chills through the markets. Shares of JPMorgan Chase, the largest U.S. bank, lost 7 percent in after-hours trading and British bank Barclays lost 2.9 percent, while more than 2 percent was shaved from Royal Bank of Scotland.

NPR's Jim Zarroli reports, the trades at JPMorgan Chase:

took place in a unit of the company that is supposed to manage or hedge risk. But this time the unit employed an unusually complex strategy that ended up backfiring on the bank.

The losses are especially embarrassing for Dimon because he had taken pains to deny the rumors circulating around the bank.

"We operate in a risk business and obviously it puts egg on our face and we deserve any criticism we get, so feel free to give it to us and we'll probably agree with you," he said in a conference call yesterday.

The Wall Street Journal elaborates:

[the losses] stemmed from trades in the bank's chief investment office, where a single trader — dubbed the "London Whale" — reportedly took massive positions in credit-default swaps.

Mr. Dimon, who in April had described news reports of the trader's leviathan market exposure as a "tempest in a teapot," on Thursday called the losses "egregious mistakes" and said the losses could deepen this quarter and beyond.

Dimon acknowledged yesterday that he had been speaking to bank regulators about what had happened and that they are likely to launch an investigation.

The losses at JPMorgan Chase come as Congress is debating the so-called Volcker Rule. Named after former Federal Reserve Chairman Paul Volcker, it is designed to prevent certain kinds of high-risk trading, but it's not clear if the rule would cover the precise trades that got JPMorgan Chase in trouble. Dimon has been a big critic of the rule.

The Wall Street Journal's MarketWatch says:

Dimon denied on a hastily convened conference call that the trading activity of the bank — which in part were bets that the corporate credit on an index of 125 companies — violated the Volcker Rule, part of the sweeping Dodd-Frank bank reform measures passed after the financial crisis.

There's one good reason for Dimon's contention: The Volcker Rule isn't in effect for another two years. In fact, Paul Volcker, the former Federal Reserve chairman, was in front of Congress just Wednesday defending the still-to-be-implemented regulation against ferocious attacks.

...

But Dimon may have been right even if the Volcker Rule were in effect today. That's because the rule does permit trading on behalf of a client. It's going to be down to judgment calls by regulators as to whether trading is proprietary or not.

The most significant damage to JPMorgan Chase may not be the $2 billion in trading losses or the even bigger hit it's likely to take from shareholders in the next few days. The image of JPMorgan Chase as one of the best-run investment banks is also going to be tarnished.

Salon says:

Until now JPMorgan was renowned for the excellence of its risk management strategies. It was one of the few big banks to come out of the financial crisis stronger than before the meltdown. While other banks collapsed or sought shotgun mergers, J.P. Morgan was the killer whale gobbling up the weakened predators around it. Dimon even complained mightily about being forced to take a government bailout. His bank didn't need it, he said, and he returned the money as fast as he possibly could.

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