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2:00am

Fri September 16, 2011
Business

Rogue Trader Arrested In Swiss Bank UBS Scandal

Originally published on Fri September 16, 2011 6:23 am

Transcript

DAVID GREENE, Host:

Already dealing with a debt crisis, Europe's banks are now being rattled by another rogue trading scandal. A 31-year-old trader was arrested yesterday in London after a $2 billion loss was revealed by the Swiss banking giant UBS. Megan Murphy has been following the story very closely, and she's the banking correspondent for The Financial Times newspaper in London, and London is where we reached her. Good morning, Megan.

MEGAN MURPHY: Good morning.

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2:00am

Fri September 16, 2011
Asia

Substantial Parts Of Pakistan Are Underwater

Pakistan is dealing with substantial flooding for the second year in a row, leaving hundreds of thousands of people homeless. For the more on the situation, Steve Inskeep talks to Timo Pallkkala, the humanitarian coordinator for the United Nations in Pakistan.

2:00am

Fri September 16, 2011
Europe

Could Euro Bonds Mend Eurozone Debt Crisis?

As the 17 European countries that use the euro grapple with the sovereign debt crisis, one possible way out is jointly underwritten euro bonds. The debt burden would be jointly shared among the nations that use the euro and stronger economies would help shore up weaker ones. But Germany — Europe's largest economy and main player in the crisis — remains vehemently opposed to the idea.

2:00am

Fri September 16, 2011
Business

'Bucky Larson' Is No Box Office Hero

The new movie Bucky Larson: Born to Be a Star, is getting unfavorable reviews — a lot of them. The screenplay was co-written by Adam Sandler. The film has a 0 percent rating on the movie review website Rotten Tomatoes. Sony Studios opened Bucky on about 1,500 screens last weekend. And according to one box office tracking site, each showing had an average audience of just eight.

2:00am

Fri September 16, 2011
Politics

Boehner Commands Deficit Panel Not To Raise Taxes

House Speaker John Boehner on Thursday unveiled his own jobs proposal. He also weighed in on President Obama's jobs plan. And in both instances, the Ohio congressman touted one main theme: the need to avoid raising taxes.

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