The Fed wants to ensure the country's largest banks are prepared to weather another recession. The move comes as the debt crisis in Europe threatens to destabilize global markets. Banks will be required to show they have enough capital to continue lending money under severe economic conditions.
Additional students have been charged in an SAT cheating scandal on Long Island, New York. Thirteen students were charged Tuesday with being part of a scheme in which students paid other teens to take college entrance exams on their behalf. So far, 20 current and former students at three high schools have been implicated in the scandal.
This is MORNING EDITION from NPR News. I'm Linda Wertheimer.
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And I'm Steve Inskeep, good morning.
The new man at the top of some Republican presidential polls is Newt Gingrich. He's the latest of many candidates to emerge as an alternative to Mitt Romney in the race for the nomination. And Gingrich took some bold positions in last night's presidential debate.
CNN and two conservative think-tanks sponsored a talk in Washington on foreign policy, and NPR's Ari Shapiro was there.
Our last word in business is: Don't jack up the Jack. The makers of Jack Daniels are raising their glasses after a tax proposal was voted down this week in Lynchburg, Tennessee.
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The proposal called for a referendum on a plan to tax Jack Daniels whiskey by the barrel to bring it up to $5 million annually. The drive by some residents was killed after a 10 to five vote by the Moore County Council. The company that owns the distillery currently pays one-and-a-half million dollars in local property taxes.
The pharmaceutical company Merck has agreed to pay nearly a billion dollars to settle charges that it illegally marketed its painkiller, Vioxx. The drug was taken off the market in 2004 after questions were raised about its safety. NPR's Jim Zarroli reports.
The big theme out of Tuesday night's Republican presidential debate in Washington was Newt Gingrich's compassionate stance toward illegal immigrants who have put down deep roots in the U.S.
That position by Gingrich, who has recently surged to join Mitt Romney at the head of the Republican field according to recent polls, conflicted with the more hardline views of many conservative voters.
Many of those GOP voters who will decide their party's nominee oppose allowing illegal immigrants to remain in the U.S., period.
A cook's secrets are meant to stay in the kitchen. An off-recipe substitution, a unique addition, an improvised technique — they often come from inspiration, or just a sense of craft, that can make a home chef both proud and protective. Luckily for us, Chris Kimball of America's Test Kitchen is happy to share the secrets he's picked up in more than 30 years of cooking.
Imagine a windswept moor in the north of England. Add a big house, where a clergyman and his four children live — isolated, pale little children inventing fantasy worlds in the nursery of a rambling old house.