Accountant says Petters lied, cheated on taxes An accountant who worked for businessman Tom Petters says Petters cheated on his taxes, misled investors, and used company money to pay for homes and other personal expenses.6:20 a.m.
Builder hoping cordwood home design catches on A northern Minnesota school teacher will soon move into an unusual new home built of firewood logs in an effort to create affordable, energy efficient homes on the White Earth Reservation using an old construction technique.6:25 a.m.
Housing numbers up, but will they last? A federal tax credit is a big reason why the latest Twin Cities housing numbers show a burst of sales activity in October. But real estate agents disagree on the long-term effect the incentive will have on the housing market.7:20 a.m.
Lombardi play faces hurdles on way to Broadway A forethcoming Broadway play is causing ripples in the worlds of sports and theater. The play is based on the life of legendary Green Bay Packers coach Vince Lombardi. But will the play, which was announced this week, really happen?8:25 a.m.
National Public Radio Stories
Orszag: Deficit Can Help But Slows Recovery
The director of the White House Office of Management and Budget says the skyrocketing deficit can actually be helpful during an economic crisis. But, Peter Orszag says, it can put a drag on early stages of recovery. He says reducing that debt while not cutting back too soon on stimulus programs is a tricky situation.
WWII Vet: Happy To Leave 'Worst Place You Can Be'
At 86, Walter Kush is hale and healthy today, but he was just a teenager when he served in World War II. Kush, who lives in Key Largo, Fla., was a ball turret gunner on a B-24 that flew bombing missions over Austria, France and Germany.
Now Free, Some Czechs Fear Complacency
Prague is brimming with commerce, optimism and tourists two decades after the Velvet Revolution overthrew the communist government and brought dissident poet Vaclav Havel into the presidential palace. But some Czechs worry their once dynamic political culture is declining and active citizenship waning.
Writing Study Ties Autism To Motor-Skill Problems
Researchers who looked at handwriting samples found that children with autism struggle more than their peers to correctly form letters. The findings add to evidence that autism is a brain disorder that isn't limited to behavior, but affects motor skills, too.
Iran Backpedals On Nuclear Deal
After agreeing initially, Iran is backing away from its commitment to the nuclear deal that would turn its low-grade uranium into reactor fuel for medical isotopes. But Iran is unable to make the reactor fuel itself, which may be why the U.S. and Europe are willing to give Iran's leaders some time to contemplate their problem.
GOP's Coburn Blocks Bill Disabled Vets Bill
The Senate wants to provide $4 billion to help homecare providers for 6,800 disabled veterans of Iraq and Afghanistan. Leaders hoped the measure would sail through on the eve of Veterans Day by unanimous consent, but they got one no vote: Republican Tom Coburn. He says there is no budgeted money for the bill and that other programs should be cut to pay for it, and he isn't backing down.
Vietnam Vet Recalls Service
Retired Army Lt. Col. Michael Sternfeld, 62, is an Amtrak conductor at Washington's Union Station. Many of his passengers don't know that he served as a sergeant in Vietnam. Years later, he fought as an Army reservist in the Gulf War, and in 2005 he was back with the Army in Iraq, where he injured his left leg.
Effort To Prosecute Bear Stearns Execs Fails
The government's first effort to prosecute individuals for contributing to the financial crisis ended in failure. A jury found former Bear Stearns executives Ralph Cioffi and Matthew Tannin not guilty of fraud. The two men invested in subprime mortgage-related securities, and the funds collapsed, costing investors more than $1 billion.
Dodd Unveils Financial Regulation Bill
Sen. Chris Dodd (D-CT) unveiled a financial regulation bill Tuesday that would take the job of overseeing banks away from the Fed, and give it to a new agency. But fellow Democrats Barney Frank (D-MA) and President Obama have a different approach on the issue. David Wessel, economics editor of The Wall Street Journal, offers his insight.
Bank Failure Leads To Largest Chinese-American Bank
The failure of United Commercial Bank and its FDIC-brokered sale to Pasadena-based East-West Bank creates the largest bank focused on the Chinese-American market. It's also now the largest bank based in Southern California.