3:00am

Wed May 16, 2012
It's All Politics

Coming To A Political Campaign Near You: Outside Money, And Lots Of It

Originally published on Wed May 16, 2012 10:29 am

Credit Curtis Tate / MCT /Landov

It's happening in several congressional races, in states like Nebraska, Montana and Ohio — millions of dollars from out-of-state donors and outside groups are fueling candidates' war chests.

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10:03pm

Tue May 15, 2012
Sweetness And Light

The American Way: Winners And Losers, And No Ties

Originally published on Wed May 16, 2012 8:13 am

Credit John Smierciak / AP

Politicians love to boast about American exceptionalism: how special we are from all the merely ordinary, everyday, run-of-the-mill countries around the globe. I would say that what sets us apart, more all the time, is that we Americans don't like ties.

I don't mean four-in-hands or bow ties, but the ties in games, the ones that somebody once said are "like kissing your sister." Boy, do I agree — and I never even had a sister. Nothing about me is more American than that I don't like ties.

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6:35pm

Tue May 15, 2012
The Two-Way

Report: GM Will No Longer Buy Ads On Facebook

Credit Paul Sakuma / AP

According to The Wall Street Journal and CBS News, General Motors is planning to pull its ads from Facebook.

That would be a big move because GM has spent about $10 million in Facebook ads and the news comes just days before Facebook goes public on Friday.

The Journal reports:

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6:10pm

Tue May 15, 2012
Shots - Health Blog

U.S. Funding Of HIV/AIDS Fight Overseas Carries Other Benefits

Credit Shashank Bengali / MCT/Landov

U.S. government spending to fight HIV/AIDS in developing countries is also preventing death from other diseases, a new study finds.

Some experts worry the billions of dollars the United States spends to treat people with HIV in poor countries may crowd out prevention and treatment of other illnesses.

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5:46pm

Tue May 15, 2012
Business

Shareholders Press JPMorgan Over Risk-Taking

Credit Joe Raedle / Getty Images

JPMorgan Chase faced more critics Tuesday, this time from some of its own shareholders at its annual meeting in Tampa, Fla. This comes after the bank disclosed it lost at least $2 billion last week in a bungled trading strategy.

The Securities and Exchange Commission is looking into the surprise loss, and the Justice Department has now reportedly opened a preliminary probe.

JPMorgan executives let shareholders do some venting at Tuesday's meeting.

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5:24pm

Tue May 15, 2012
It's All Politics

Court Action May Lift Anonymity For Some Campaign Donors

Originally published on Tue May 15, 2012 5:46 pm

Nonprofit groups that want to run campaign ads within two months of the general election have to reveal the names of their donors. That's the result of a federal appeals court action on campaign finance law.

Several weeks ago, a federal court in Washington told the Federal Election Commission it could not allow the buyers of tens of millions of dollars' worth of ads to remain anonymous.

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5:23pm

Tue May 15, 2012
Jazz

Betty Carter Salute

Betty Carter was born Lillie Mae Jackson on May 16, 1929 in Flint, Michigan. Join Milton Shirdan on Jazz at Nite this Wednesday evening for a musical salute to Betty Carter on her birthday. Listen during the 9:00 hour exclusively on WVAS-FM.

5:11pm

Tue May 15, 2012
The Two-Way

PHOTO: David Beckham Takes A Ribbing At The White House

Credit Chip Somodevilla / Getty Images

President Obama welcomed the Los Angeles Galaxy to the White House today in celebration of their Major League Soccer title.

The team, which has won three cups, is star studded. But there is no one bigger than David Beckham and president Obama took advantage of the opportunity to give the international soccer star a ribbing.

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4:52pm

Tue May 15, 2012
Planet Money

Is Facebook Worth $100 Billion?

Originally published on Thu May 17, 2012 12:56 pm

Credit Paul Sakuma / AP

When Facebook goes public this week, the company will be valued at roughly $100 billion.

It will be the highest valuation ever for an initial public offering of a tech company. Is Facebook really worth this much money?

One way to frame the question is to consider a single fraction.

The number on top of the fraction is the total value of the company. The number on the bottom is the company's profits over the past year. This fraction is called the price-to-earnings ratio. It's widely used by investors in stocks.

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4:43pm

Tue May 15, 2012
Europe

For New French President, Germany Is First Stop

Originally published on Tue May 15, 2012 5:46 pm

Credit Regis Duvignau / AP

As soon as new French President Francois Hollande was sworn in on Tuesday, he observed a postwar custom and reached out to Germany, in a move intended to underscore European solidarity and the importance of the alliance.

But it wasn't a relaxing social visit. Hollande's plane was struck by lightning en route to Berlin and had to return to Paris as a precaution. He then took another plane.

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