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The Two-Way
1:06 pm
Tue December 10, 2013

Regulators Approve Rule To Rein In Banks' Risky Trades

President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Brendan Smialowski Getty Images

Originally published on Tue December 10, 2013 6:33 pm

The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial law aimed at stopping some of the risky banking practices that contributed to the economic meltdown, was approved by five key regulators on Tuesday, clearing the way for its implementation.

The U.S. Commodity Futures Trading Commission became the fifth and final body to approve the rule. The Federal Reserve and the Federal Deposit Insurance Corp. were also among the agencies that gave the green light.

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The Two-Way
11:59 am
Tue December 10, 2013

Ouster Of North Korea's Jang Noted With Unease In China

A South Korean man watches TV news about the dismissal of Jang Song-Thaek, North Korean leader Kim Jong Un's uncle, at a railway station in Seoul on December 3.
Jung yeon-je AFP/Getty Images

The recent, very public ouster of North Korea's Jang Song Thaek, the uncle of Kim Jong Un and formerly the country's No. 2 leader, has been noted with some concern in China, which is more or less Pyongyang's only friend in the region.

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Politics
11:56 am
Tue December 10, 2013

How ALEC Serves As A 'Dating Service' For Politicians And Corporations

President Bush speaks to the American Legislative Exchange Council (ALEC) in Philadelphia, on July 26, 2007.
Mel Evans AP

Originally published on Wed December 11, 2013 10:07 am

A batch of internal documents recently leaked to The Guardian has revealed new insights into the goals and finances of the secretive group called ALEC. The American Legislative Exchange Council is a group that brings together state legislators and representatives of corporations. Together, they develop model bills that lawmakers introduce and try to pass in their state legislatures.

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The Two-Way
11:00 am
Tue December 10, 2013

Using Satellite, Scientists Pinpoint Coldest Place On Earth

Sastrugi stick out from the snow surface in this photo near Plateau Station in East Antarctica. Most of Antartica looks quite flat, despite the subtle domes, hills, and hollows.
Atsuhiro Muto National Snow and Ice Data Center

Using data from a NASA satellite, scientists at the National Snow and Ice Data Center (NSIDC) say they have now pinpointed the coldest place on Earth.

On a 1,000 kilometer swath of the highest section of the East Antarctic ice divide, scientists measured temperatures of -134 to -137 degrees Farenheit.

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It's All Politics
10:54 am
Tue December 10, 2013

Conservative Firebrand Challenges Texas GOP Sen. John Cornyn

Texas Rep. Steve Stockman participates in a mock swearing-in ceremony with House Speaker John Boehner in January. Stockman made the surprise move to challenge Sen. John Cornyn in the 2014 Texas GOP primary.
Evan Vucci AP

Originally published on Tue December 10, 2013 2:42 pm

Another day, another GOP primary fight.

This time, it's John Cornyn of Texas, the No. 2 Republican in the Senate, who's receiving a challenge from the right in 2014. Rep. Steve Stockman, a conservative firebrand, made the surprise move to enter the March 4 race Monday evening just before the state's filing deadline.

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The Two-Way
10:29 am
Tue December 10, 2013

U.K. Rescue Center Overrun With Orphaned (And Adorable) Seal Pups

Men take pictures as they try to move a seal pup away from a house, which has fallen into the sea, during a storm surge in Hemsby, eastern England, on Dec. 6.
Darren Staples Reuters/Landov

We guarantee this is the saddest and cutest story you'll hear about all day: About 263 seal pups were swept away from their mothers by a massive tidal surge near Norfolk in the U.K. recently.

Now, a wildlife center is struggling to cope with about 100 of them, who will need to be bottle fed and rehabilitated.

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Remembrances
10:11 am
Tue December 10, 2013

Mourners Say Final Farewells To Mandela In Soweto

Tens of thousands of South Africans and world leaders celebrated the life of former president Nelson Mandela at FNB Stadium in Soweto. NPR's Gregory Warner has the story.

Business
10:11 am
Tue December 10, 2013

Volcker Rule Aims To Rein In Banks' Risky Trades

American bank regulators unveiled the final version of the so-called Volcker Rule, which prohibits banks from trading stocks, bonds and derivatives for their own accounts. For more, Steve Inskeep speaks to NPR's Jim Zarroli.

Remembrances
10:11 am
Tue December 10, 2013

Mandela To Lie In State In Pretoria

The memorial service for Nelson Mandela concluded Tuesday in Soweto, but South Africans will have additional opportunities to say farewell to their late president. Mandela lies in state in Pretoria for three days and will be buried Sunday in his home village of Qunu.

The Two-Way
9:48 am
Tue December 10, 2013

In Qatar, Hagel Tours Command Center That May Or May Not Exist

U.S. Secretary of Defense Chuck Hagel visited the Combined Air and Space Operations Center in the tiny Persian Gulf nation of Qatar on Tuesday morning, the last leg of a tour that has also taken him to Bahrain, Afghanistan, Pakistan and Saudi Arabia.

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