FROM Jim Sterngold
JP Morgan May Face Criminal Action in Madoff Case Five years ago, Bernard Madoff confessed to a $17 billion Ponzi scheme, the biggest in history, insisting that he acted alone. He also said his separate market-making operation was legitimate. But it's reported today that JP Morgan Chase is likely to pay a billion dollars in penalties to end a criminal probe of its involvement. Jim Sterngold is senior special writer for the Wall Street Journal .
Are Digital Billboards Scarring the Los Angeles Skyline? In a city given over to the automobile, billboards have been a fixture here for decades. Some have even become Los Angeles icons: think of the giant Angelyne ad or the Marlboro Man on the Sunset Strip. But now there’s a new generation of huge illuminated billboards throwing blasts of digital light into homes and neighborhoods.
Can President Bush Bring Peace to a Scarred Holy Land? President Bush is finally trying to broker peace between the Israelis and the Palestinians. Their leaders have agreed to come to Annapolis next week but nothing else is certain. Also tonight, Ramen noodles, popcorn, and candy bars are being given to the homeless on Skid row in exchange for signatures on ballot measures.
Can President Bush Bring Peace to a Scarred Holy Land? Secretary of State Condoleezza Rice is leading a final push for Mid-East peace next week in Annapolis. There are already harsh critics, but she has invited 49 participants and President Bush will personally try and create momentum for his proposed two-state solution. Also, GOP conservative Huckabee rises in the presidential polls, and at the start of the holiday movie season, few films promise as much debate as an odd look at Bob Dylan. Jim Sterngold guest hosts.
Is America's Thirst for Imported Oil Fueling Dictators? Oil prices are hovering near $100 a barrel, hurting U.S. consumers but sending hundreds of billions of dollars to unfriendly countries like Venezuela and Iran. How is the U.S. economy coping? Can the U.S. ever cut its oil dependence?
Is America's Thirst for Expensive Oil Fueling Dictators? After a decade in which oil-producing countries struggled with weak markets, booming prices have suddenly rearranged global politics. All but forgotten during the 1990's, OPEC now is influencing decisions from Washington to Beijing. Also, producing stem cells without destroying human embryos, and Southeast Asia's booming trading powers try to unite. Will concerns about Myanmar's military dictators leave them divided? Jim Sterngold guest hosts.
Has the US Lost Influence Over the Crisis in Pakistan? Since Pakistani President Pervez Musharraf declared emergency rule two weeks ago, the U.S. has struggled to stabilize this key ally in the war on terror. Can the U.S. cut aid without pushing Pakistan to the brink of chaos? Also tonight, Los Angeles County tries to give extra help to the fifty most vulnerable homeless people on downtown’s Skid Row.
Is the US Losing Influence over the Crisis in Pakistan? Since 9/11 the Bush Administration has supported the government of General Pervez Musharraf. Washington has provided more than $10 billion in aid in return for Pakistan's support in the fight against the Taliban and al Qaeda. Now that Musharraf has declared emergency rule. Also, the Bush Administration's Middle East peace initiative, and the FBI is questioning hundreds of criminal convictions. Jim Sterngold guest hosts.
Bill Would Send California Juvenile Offenders Back to Their Counties Half the inmates in California’s Juvenile Justice System are about to be sent home—but not because they’ve served out their sentences. Non-violent offenders are spending 23 hours a day in their cells without the rehabilitation and treatment the law provides, and they end up more troubled and dangerous than when they went in. Now, it’s up to the counties to try to do better.
Bungled White House Battle against Terrorist Financing? The US government spent 15 years tracking a Middle Eastern charity, the Holy Land Foundation, on suspicions it was financing terrorists. President Bush froze its assets after September 11 and prosecutors filed criminal charges. The case fell apart this week. Also, the President tours a scorched southern California, and Facebook becomes a money machine. Jim Sterngold guest hosts.
McMansions: The Latest Battle Front against Global Warming Few members of Congress have done more to protect the auto industry from tough pollution controls than John Dingell of Michigan. But now, the Democratic has changed course, embracing the need to slash emissions and suggesting increased taxes on "McMansions" to do the job. Also, does the latest economic news, and a revealing biography of George W. Bush. Jim Sterngold guest hosts.
Fred Thompson Makes It Official While eight Republican candidates were trudging through yet another debate in New Hampshire last night Fred Thompson upstaged them -- from Los Angeles. He went on the Tonight Show with Jay Leno and finally announced he was running for the White House. Some experts say his announcement was big news because the field's so weak. But does Thompson have the substance to win over conservatives? Jim Sterngold guest hosts. Photo: Paul Drinkwater/NBC Universal via Getty Images
Fred Thompson Makes It Official While eight Republican candidates were trudging through yet another debate in New Hampshire last night Fred Thompson upstaged them -- from Los Angeles. He went on the Tonight Show with Jay Leno and finally announced he was running for the White House. Also, more grim news on Iraq, and investors question whether Apple has stumbled with its new iPhone. Jim Sterngold guest hosts.
Has Time Run Out on President Bush's Surge in Iraq? President Bush is receiving reports and advice as Congress holds hearings and military leaders, government agencies and outside experts analyze the troubled war in Iraq. Many politicians are demanding a phased withdrawal. Has time run out on the President's surge? Jim Sterngold guest hosts.
Has Time Run Out on President Bush's Surge in Iraq? President Bush is receiving reports and advice, as Congress holds hearings and military leaders, government agencies and outside experts analyze the troubled war in Iraq. Many politicians are demanding a phased withdrawal. Has time run out on the President's surge? Also, German police break up a terrorist plot, and our perhaps too-high expectations from professional athletes. Jim Sterngold guest hosts.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.