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Computer Fraud
Daniel talks to Timothy O'Brien, staff writer at the Wall Street Journal about a recent article covering a computer break-in at Citicorp, one of the largest banks in the country. A 28 year old computer hacker in St. Petersburg, Russia, allegedly broke into Citicorps and transfered over 12 million dollars from corporate accounts all over the world to his own account, $400,000 of which he was able to withdraw in cash before getting caught by Citicorps and the FBI.
Social Security Differences
NPR's Steve Inskeep compares the differing approaches of Presidential candidates Al Gore and George W. Bush toward reforming the Social Security system. Bush favors a plan that would allow people to invest part of their Social Security retirement taxes in private stock market accounts. Gore opposes radical changes to the current system. He supports keeping all Social Security taxes in the federal system and giving people the option of opening supplemental retirement accounts.
SEC Issues New Regulations
The Securities and Exchange Commission approves new rules to assure that accounting firms maintain independence from companies they audit. The rules stem from legislation Congress passed last summer in the wake of accounting scandals at companies such as Enron and WorldCom. Critics say the new regulations aren't as strict as they should be. NPR's Jim Zarroli reports.
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•
3:55
Medical Savings
The main issue that's been holding up the Kassebaum-Kennedy health insurance bill is medical savings accounts, which allow people to set up tax-free savings accounts for medical care. Republicans want MSAs in the bill and have settled on a plan...they are now in negotiations with the White House for approval. NPR's Joanne Silberner looks at why MSAs are such a contentious issue, whether they'll sink the health system or save it by making consumers more cost-conscious.
A small Wisconsin town is honored as the state's first Black-founded community
The Lake Ivanhoe community was envisioned a century ago as the first Black-founded settlement in Wisconsin. A group of residents is working to erect a marker to make sure this history is noted.
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3:49
San Bernardino Shootings: What We Know, One Day After
Police said they discovered a stockpile of ammunition and explosives inside a house connected to the suspects, husband and wife Syed Farook and Tashfeen Malik, who were killed in a shootout Wednesday.
Report: Overdraft Protection Puts Customers 'At Greater Risk'
The Consumer Financial Protection Bureau reports those who opt in to the service rack up more costs and are more likely to have their accounts closed.
Oklahoma state auditor flags nearly $100 million in mismanaged pandemic relief dollars in new report
Oklahoma State Auditor and Inspector Cyndi Byrd says state agencies mismanaged or questionably spent almost $100 million in pandemic relief funds during the 2023 fiscal year. The most in a single year so far, by a long shot.
Research shows policies that may help prevent mass shootings — and some that don't
The amount of resources devoted to studying gun violence is paltry compared to its public health impact. Still, the evidence shows certain policies might help prevent mass shootings.
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4:00
Why The Crisis May Make Powerful Corporations Even More Powerful
As small businesses scramble for emergency assistance, big businesses get a new program of virtually endless lending from the Fed.
The Alternative 'Russia Scandal'
President Trump and his supporters are again claiming that Hillary Clinton helped Russia gain control of the U.S. uranium supply and endangered U.S. security. The facts don't support this.
Russian Businessman With Ties To Ex-Trump Campaign Official Comes Under Scrutiny
Oleg Deripaska sued over a report that he paid former Trump campaign manager Paul Manafort to further the Russian government's interests. The story brought new focus to the billionaire and his career.
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