Morning Edition

J.P. Morgan Chase reported $2 billion in losses over the last six weeks, and said there may be more to come. In a news conference shortly after the market closed Thursday, CEO Jamie Dimon said the losses stemmed from a credit default swap that was "poorly executed and poorly monitored."

Reporting from Afghanistan, Morning Edition's Renee Montagne talks to Salahuddin Rabbani. President Hamid Karzai recently appointed him chairman of the High Peace Council, which is tasked with negotiating with the Taliban. Rabbani replaced his father who was assassinated last year by a suspected Taliban member.

California is set to impose the nation's first statewide ban on foie gras this summer. Nearly eight years have passed since the bill enacting the ban was signed.

The drop on Japan's Nikkei stock exchange follows Thursday's report that the company suffered a net loss of $5.7 billion for the last fiscal year. The once dominant tech company has fallen behind other industry giants like Samsung and Apple, and seen especially heavy losses in its TV division.

Mitt Romney's presidential campaign is in damage control mode after an article in The Washington Post accused the candidate of bullying in high school. Romney says he does not remember the incidents. Several of his classmates independently recall him going after students who seemed different, vulnerable or effeminate.

The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.

Every day there's a new economic indicator. Some are up. Some are down. And all are spun by the political parties.

U.S. homeownership rates have fallen to their lowest point since 1997, despite the homebuyer tax credit and enduring rock-bottom interest rates. Two years ago on Morning Edition, we profiled two couples who were renting with no regrets. Have they changed their tune?

According to a survey by the National Retail Federation, mothers will be treated to a little more this holiday. All told, American consumers are expected to spend about $18.6 billion on the moms, stepmoms or grandmas in their lives.

NPR listeners normally hear from sports commentator Frank Deford for three minutes at a time Wednesday mornings, as he opines on the latest follies of the sporting world. But Deford fans have been getting to hear the veteran sportswriter at greater length lately. He's on a book tour for his new memoir, Over Time: My Life as a Sportswriter. When Deford stopped in Washington, D.C., NPR's Steve Inskeep had the chance to interview him in front of a lively crowd.

Transcript

STEVE INSKEEP, HOST:

A report says in 2010, 38 percent of 911 calls in New York City were accidental calls lasting just seconds. Most, according to the New York Daily News, appear to be calls made from pockets or purses. There were actually more of these calls than calls that warranted a response by a police car.

Hairstyling icon Vidal Sassoon has died at the age of 84. He first earned acclaim for creating hair cuts that needed little styling.

President Obama has completed what he calls his "evolution" on gay marriage. After equivocating on the issue for more than a year, he now says same-sex marriage should be legal. Obama's endorsement of gay marriage makes it a prominent issue in the November election.

Exotic animals are already restricted in many states. Lawmakers in Ohio are considering legislation that would ban dozens of exotic animals as pets. Among other things, owners would have to apply for permits for existing animals.

The Federal Reserve has announced three of China's largest state-owned banks have been given approval to expand their operations in the U.S. Analysts say that ICBC, China investment Corp., and Central Huijin Investment will likely look to purchase regional U.S. banks and establish a footprint in the American market.

States are moving to set up health insurance exchanges — a pillar of Obama's health care law. But many GOP governors find themselves in an awkward position. David Wessel, economics editor of The Wall Street Journal, talks to Steve Inskeep about why the governors' positions on exchanges are complicated.

When it comes to monsters on television, vampires have the market more or less cornered. Think about it: Buffy the Vampire Slayer, True Blood, The Vampire Diaries ...

Vampires' enduring popularity on TV may not be eternal, but they have been appearing on the small screen for decades. Mark Dawidziak, who's written books about vampires and teaches a class at Kent State University on their appearances in film and TV, says that part of the way vampires have remained a force in popular culture is through their evolution on TV.

A new study from the Pew Charitable Trusts finds economic mobility differs significantly across the United States. The report finds Americans are more likely to move up the economic ladder if they live in the northeast.

Yves Klein made his project "FC1" with water, a blowtorch and two models. The women pressed their wet figures against a fire-resistant board, then stepped away. Afterward, Klein torched the board — an effect that left behind blurry silhouettes of models.