Federal and state authorities have received criticism after deciding not to indict HSBC on accusations that it laundered money for Mexican drug cartels and conducted prohibited transactions on behalf of countries like Iran and Sudan. Instead, they entered into a $1.9 billion settlement this week with the bank.
There's no question that HSBC is a massive, sprawling operation. It markets itself as the world's local bank. But watchdogs of the banking industry say mere size should never insulate an organization from the law.
Originally published on Thu December 13, 2012 3:51 pm
Sputnik 1 just beeped. China's first satellite, launched more than a decade later, simply radioed a communist anthem back to Earth. So far, North Korea's first satellite appears to be less accomplished.
And that shouldn't be a surprise.
Given the history of first orbital space shots, North Korea's apparent struggle with its mission is fairly typical, says David Akin, an associate professor of aerospace engineering at the University of Maryland.
Google's native maps app for the iPhone finally was released Wednesday, and there was much rejoicing. Just in time for Christmas, the three wise men are able to find the manger without spilling their frankincense or myrrh.
Originally published on Fri December 14, 2012 4:50 pm
Want to be more creative? Drop that iPad and head to the great outdoors.
That's the word from David Strayer, a cognitive neuroscientist who studies multitasking at the University of Utah. He knew that every time he went into the southern Utah desert, far from cellular service, he started to think more clearly.
But he wanted to know if others had the same experience.
St. Louis' northernmost neighborhood is Baden. First settled by German immigrants and African-Americans near the turn of the last century, Baden today is populated by fewer people than in recent years. This depopulation is due to a complex mix of forces that include disinvestment, modest housing sizes, supply and demand. Those who remain in Baden are dug in and consider it a diamond in the rough. KBIA's Trevor Harris visited the St. Louis neighborhood of Baden for the 40-40 Project and filed this report.