May 20, 2012
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JPMorgan, the largest bank in the United States, is seeking to minimize the damage caused by a $2 billion trading loss, disclosed earlier this month.
Could Glass-Steagall Have Stopped JPMorgan Loss?
()The banking giant's $2 billion loss has many lawmakers and economists wondering what happened to the 2010 financial overhaul, which was supposed to prevent risky hedging. Many are also looking back further — to a Depression-era law, repealed in 1999, that separated commercial and investment bank activities.
Author Interviews
China's New Plan: A Great Leap Into The Air()
May 19, 2012 China's newest five-year plan aims to make the country an aerospace powerhouse — and indirectly, a more modern, prosperous, sophisticated industrial nation. The plan would help Chinese companies expand outside national borders and grab a chunk of the aerospace market — but will it succeed?
Movies
The Movie Dustin Lance Black's 'Seen A Million Times'()
May 19, 2012 The director of Milk and the new film Virginia says he can't get enough of Rob Reiner's rom-com When Harry Met Sally. It speaks to "such basic truths about matchmaking and love," Black says, "that I think it's withstood the test of time."
Music Interviews
John Mayer: Restoring An Image, And An Instrument()
May 19, 2012 Two years after a media controversy that sent him retreating from the spotlight, Mayer has a new album and is beginning to resurface. But a new obstacle has arisen in the meantime — a health condition that may keep him from performing for months to come.








