Benjamin Lawsky, superintendent of New York state's Department of Financial Services, got British bank Standard Chartered to pay a $340 million settlement over allegations that it schemed with the Iranian government to launder billions of dollars.
Banking industry officials say it's unheard of: A state regulator, flying solo, threatens to take away the state license of a global bank — and then secures a very public settlement.
That's exactly what happened in New York this past week, when the state's Department of Financial Services reached a settlement with Britain's Standard Chartered Bank over allegations that it schemed with the Iranian government to launder billions of dollars.
A memorial marks the site of the 1890 Wounded Knee Massacre in Wounded Knee, S.D. The town is located on the Pine Ridge Indian Reservation, home to the Oglala Sioux Tribe.
Credit Kristi Eaton / AP
In 1973, members of the American Indian Movement occupied the town of Wounded Knee, S.D., on the Pine Ridge Indian Reservation. They were protesting the murder of an Oglala Lakota man and the failed impeachment of a tribal president that AIM members accused of corruption. The protests escalated into a deadly standoff that lasted 71 days.
In the late 1960s, Native Americans fed up with what they saw as years of mistreatment by the federal government formed an organization known as the American Indian Movement.
Founded in Minnesota, the group followed in the footsteps of the civil rights movement and took up protests across the country. One of those protests took place in 1973, when some AIM members occupied the South Dakota town of Wounded Knee, located on the Pine Ridge Indian Reservation.
Originally published on Sat August 18, 2012 8:58 am
If you toss a corn dog at a state or county fair this summer, you may bonk a politician.
Congress is in recess, but for politicians, it's not recess of the kind they have in grade school. Many pols, especially in a close election year, spend the summer shaking hands at meet-and-greets. They cock their heads to pay rapt attention during listening tours and community meetings, raise money, make speeches, hurl charges, countercharges and ask for votes.
Republican Rep. Steve King of Iowa (right) flips pork chops at the Iowa State Fair in Des Moines while Terry Aupperle of Wiota watches. Aupperle lives in Cass County. He can't vote for King anymore because of redistricting.
Credit Clay Masters / Iowa Public Radio
Former Iowa first lady Christie Vilsack speaks at a political soapbox at the Iowa State Fair in Des Moines.
One of the country's toughest congressional races is in Iowa between Republican Rep. Steve King and the state's former first lady, Christie Vilsack.
Iowa is losing a seat in the House after the election, due to redistricting. Now ultra-conservative King is facing a more moderate electorate as he runs in the newly redrawn 4th Congressional District against a political newcomer.
Egypt's new president, Mohammed Morsi, has promised to improve the lives of ordinary Egyptians during his first 100 days in office. But Morsi, shown here in July, is dealing with multiple challenges, including an economy that has been struggling since last year's revolution.
Egypt's new Islamist president, Mohammed Morsi, has made sweeping promises to the Egyptian people, saying he'll improve the quality of their lives during his first 100 days in office.
Morsi has been busy on several fronts, but he has only a few weeks left to fulfill those big pledges.
His promises have come in nightly radio broadcasts during the holy month of Ramadan. A decent loaf of bread is a demand for us all, he declared in one of those broadcasts, saying subsidized bread will be more widely available and of better quality.
Last week, Mitt Romney announced that he had selected Wisconsin congressman Paul Ryan as his running mate. NPR's Ari Shapiro has been covering the pair for a week now, and he joins Weekend Edition Saturday host Scott Simon talks with him about the past week of campaigning for the new pair.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. The president of France, Francois Hollande, has just passed 100 days in office. Mr. Hollande swept to victory in a wave of discontent aimed at former President Nicolas Sarkozy. But now, there are concerns that the new president's slow, cautious manner may not be suited to solving some of the challenges facing his country. Eleanor Beardsley sends us this report from Paris.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. The last U.N. military observers are pulling out of Syria today. Their mission has been made near impossible by the heavy fighting gripping the country.
A former Algerian foreign minister is taking over as U.N. envoy on Syria, but he's not optimistic about a quick end to the fighting. And neighboring Lebanon remains on edge, after a spate of kidnappings this week related to the Syrian conflict. NPR's Anthony Kuhn joins us from Beirut.