Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.
But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.
Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.
Scientists at the Large Hadron Collider announced the discovery of the Higgs boson on July 4, the long-sought building block of the universe. This image shows a computer-simulation of data from the collider.
It's a year-end tradition to cobble together a list of the most important advances in science. But, truth be told, many ideas that change the world don't tend to spring from these flashy moments of discovery. Our view of nature — and our technology — often evolve from a sequence of more subtle advances.
Even so, chances are good that this year's list-makers will choose the discovery of the Higgs boson as the most important discovery of 2012.
It's been a banner year for solar energy. The United States is on track to install a record number of solar power systems — thanks in large part to low-cost solar panels from China. That's been challenging for American manufacturers, and federal officials have put trade tariffs on Chinese panels.
Things look busy at the SunPower solar manufacturing plant in Silicon Valley. Workers are screwing frames onto shiny, 6-foot solar panels as they come off the line.
2012 will go down as a year of orchestral turmoil in the U.S.: Strikes, lockouts and bankruptcies erupted time and again as once seemingly untouchable institutions struggled financially.
There's been particularly little seasonal cheer in Minnesota's orchestral community. Protests erupted after management at the Minnesota Orchestra and the Saint Paul Chamber Orchestra each locked out their musicians, after the musicians had rejected contracts that cut their salaries by tens of thousands of dollars and reduced the size of the orchestras.
Good morning. I'm Steve Inskeep. A New Year's tradition will change in Brasstown, North Carolina. Instead of the Times Square Ball, Clay's Corner Store lowered a love possum in a box. Store owner Clay Logan tells the Chattanooga Times Free Press we aren't pessimistic or optimistic. We're opposumistic. But nobody asked the possum. People for the Ethical Treatment of Animals sued. Now Mr. Logan says he'll drop a stuffed animal, or road kill, depending on what's available. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
And let's turn to some other developments we're following very closely. Secretary of State Hillary Clinton is in a New York City hospital this morning. She is being treated for a blood clot. Now, a State Department spokesman said this stems from a concussion Clinton sustained earlier this month. The blood clot was discovered during a follow-up exam yesterday.
We're joined in the studio by two of our colleagues, NPR foreign affairs correspondent Jackie Northam and NPR science editor Rob Stein. Good morning to both of you.