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The Two-Way
3:31 pm
Tue December 10, 2013

Regulators Approve Rule To Rein In Banks' Risky Trades

President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Brendan Smialowski Getty Images

Originally published on Tue December 10, 2013 8:33 pm

The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial law aimed at stopping some of the risky banking practices that contributed to the economic meltdown, was approved by five key regulators on Tuesday, clearing the way for its implementation.

The U.S. Commodity Futures Trading Commission became the fifth and final body to approve the rule. The Federal Reserve and the Federal Deposit Insurance Corp. were also among the agencies that gave the green light.

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The Salt
3:30 pm
Tue December 10, 2013

Elevenses And Then Some: How To Prepare A Feast Fit For A Hobbit

Precious snack: In Tolkien's books, lembas was a special bread made by elves that could stay fresh for months — perfect for sustaining travelers on a long journey (or engaging in an all-day movie marathon.) Try it for elevenses.
Beth Accomando for NPR

Originally published on Fri December 13, 2013 11:23 am

"If more of us valued food and cheer and song above hoarded gold, it would be a merrier world." — J.R.R. Tolkien

Each year, I swear I will never do this again.

And yet, for the third year in a row, I am preparing to host a day-long Lord of the Rings movie marathon – and cooking up a seven-course hobbit-themed feast, plus dessert, to serve my guests. Maybe it's because, like Tolkien, I too would like the world to be a merrier place.

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13.7: Cosmos And Culture
2:38 pm
Tue December 10, 2013

The Infinite Monkey Theorem Comes To Life

Just give me* some time and I'll get you some copy! (*For the record, this is not actually a monkey; it's a chimpanzee. It's the best we could do, under the circumstances.)
Lise Gagne iStockphoto

Originally published on Tue December 10, 2013 3:08 pm

It's called the infinite monkey theorem, and it goes something like this: Given enough time, a monkey randomly striking keys on a typewriter will end up banging out a copy of Hamlet.

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The Two-Way
1:59 pm
Tue December 10, 2013

Ouster Of North Korea's Jang Noted With Unease In China

A South Korean man watches TV news about the dismissal of Jang Song-Thaek, North Korean leader Kim Jong Un's uncle, at a railway station in Seoul on December 3.
Jung yeon-je AFP/Getty Images

The recent, very public ouster of North Korea's Jang Song Thaek, the uncle of Kim Jong Un and formerly the country's No. 2 leader, has been noted with some concern in China, which is more or less Pyongyang's only friend in the region.

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Politics
1:56 pm
Tue December 10, 2013

How ALEC Serves As A 'Dating Service' For Politicians And Corporations

President Bush speaks to the American Legislative Exchange Council (ALEC) in Philadelphia, on July 26, 2007.
Mel Evans AP

Originally published on Wed December 11, 2013 12:07 pm

A batch of internal documents recently leaked to The Guardian has revealed new insights into the goals and finances of the secretive group called ALEC. The American Legislative Exchange Council is a group that brings together state legislators and representatives of corporations. Together, they develop model bills that lawmakers introduce and try to pass in their state legislatures.

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