Economy & Business

The Two-Way
2:49 pm
Tue November 19, 2013

JPMorgan Chase Will Pay $13 Billion In Record Settlement

In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
Mark Lennihan AP

Originally published on Tue November 19, 2013 4:38 pm

In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.

The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.

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The Two-Way
12:53 pm
Tue November 19, 2013

Safety Agency Opens Probe Into Tesla Fires

Tesla Motors Chairman and CEO Elon Musk (in driver's seat) and chief designer Franz von Holzhausen (in passenger seat) drive the new Tesla Model S all-electric sedan in Hawthorne, California on March 26, 2009.
Robyn Beck AFP/Getty Images

The National Highway Traffic Safety Administration says it has opened an investigation into battery fires in two Tesla Motors Model S sedans.

The fires — three reports in six weeks — have sparked concern about the safety of the electric cars. The New York Times reports:

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The Two-Way
12:36 pm
Tue November 19, 2013

King Of Thrones: America's Best Restroom Is In Minneapolis

In the Game of Thrones, this is the winner: the fanciful restroom of the Varsity Theater in Minneapolis.
Varsity Theater

Originally published on Tue November 19, 2013 3:38 pm

It pays to be unique when you're going for the title of best restroom in the land. Design details are crucial, and so is the choice of materials. It also doesn't hurt if you serve drinks in a commodious chamber. Those are the strengths of the Varsity Theater, a concert hall in Minneapolis that has won America's Best Restroom Contest for 2013.

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Parallels
11:55 am
Tue November 19, 2013

Landlines, It Turns Out, Aren't Vanishing Everywhere

A Cambodian gambler talks on 18 cellphones at once at a boxing match in Phnom Penh in 2010. There are nearly 132 cellphones for every 100 Cambodians, but the country has also seen a surge in the number of landlines.
Tang Chhin Sothy AFP/Getty Images

Originally published on Wed November 20, 2013 6:03 am

On All Things Considered, NPR's Martin Kaste reported Monday on U.S. landline infrastructure. One fact stood out: 96 percent of homes had landlines in 1998, and that number is down to 71 percent today.

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Economy
11:10 am
Tue November 19, 2013

Economic Recovery: Women Bouncing Back Quicker Than Men?

New figures show women have more jobs in the U.S. than ever before - but men are still struggling to pull out of the recession. Host Michel Martin speaks with NPR senior business editor Marilyn Geewax, and Ariane Hegewisch from the Institute for Women's Policy Research.

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