In the high-profile civil case against Wall Street titan Steven Cohen, federal authorities accuse the hedge fund head of allowing insider trading within his ranks. Cohen's lawyers offered up a defense fit for the digital age: They claim he didn't see a key, incriminating email because he gets too many messages — an estimated 1,000 a day, and opens only 11 percent of them.
Federal prosecutors have filed criminal charges against one of the most famous and successful hedge funds in the world. The government alleges that SAC Capital Advisors is criminally responsible for insider trading that went on at the firm.
As Cleveland embraces national attention for everything from its booming arts and culinary scene to its redevelopment plans, it struggles with recent high-profile crimes. Some residents and tourists are left with news whiplash as they try to figure out what these diverging storylines say about the city.
It's MORNING EDITION from NPR News. Good morning. I'm David Greene.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. Detroit is broke. But a federal judge is holding hearings to determine whether Detroit is broke enough to qualify for bankruptcy protection. The court is examining whether the city has done everything possible to put more money in its coffers. Quinn Klinefelter of member station WDET reports one thing is certain - Detroit is struggling to bring into its coffers tax revenue.
On most weeknights, in the middle of his shift, Los Angeles police officer Keith Mott trades his gun and uniform for a T-shirt and shorts, and heads to a park in the Watts neighborhood of South Los Angeles. He's there to coach 7- and 8-year-old boys on the Pop Warner Pee Wee football team, the Watts Bears.
The kids come from three nearby housing projects: Jordan Downs, Nickerson Gardens and Imperial Courts. The park was carefully chosen. It's a neutral site for local gangs. Otherwise, most of the Bears' parents wouldn't allow them to come and play.
Since the 1930s, Louisiana has lost roughly as much land as makes up the state of Delaware.
"If you put the state of Delaware between New Orleans and the ocean, we wouldn't need any levees at all," says John Barry, vice president of the Southeast Louisiana Flood Protection Authority-East. "There is this large buffer of land that has disappeared, and that buffer makes New Orleans much more vulnerable to hurricanes."
"You very quickly forget whether it's a male voice or a female voice. ... Because he's such a terrific musician, and so expressive, the fact that it's a man singing in a woman's range becomes irrelevant, and what we hear is the music."
"And this is a long-term project: We need to spend some time in thinking about how do we bolster and reinforce our African-American boys? And this is something that Michelle and I talk a lot about. There are a lot of kids out there who need help who are getting a lot of negative reinforcement." — President Obama