Marketplace Morning Report for Friday, August 9, 2013
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JPMorgan Chase is apparently moving towards settling with U.S. regulators over huge losses racked up by one of its traders known as the "London Whale." The bank is reportedly ready to admit wrongdoing over the ill-fated trades. As many children head back to school across the country, school districts are facing 5.2 percent cuts in funding mandated by the sequester. That adds up to more than $1.5 billion. We'll take a look at how schools and students will be impacted. And, if you're a tenant facing eviction, chances are you'll lose in court. Most landlords hire attorneys, and most tenants go unrepresented. But a pilot program in California might change all of that. It provides free counsel to low income tenants, and it could actually save taxpayers money.
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JPMorgan is likely to settle with the SEC, but the Whale himself won't be facing any criminal charges -- for now. The Apple-Samsung patent case in front of an appeals court on Friday differs from the Apple-Samsung patent dispute before the U.S. International Trade Commission. And, the sequester will cut K-12 school programs like special education and English-as-a-second-language.
Posted In: online privacy, encryption, Edward Snowden
Following Lavabit's lead, Silent Circle ends its encrypted email service so clients can avoid government scrutiny.
Posted In: JPMorgan Chase, London Whale, Securities and Exchange Commission
JPMorgan is likely to settle with the SEC, but the Whale himself won't be facing any criminal charges -- for now.
Posted In: Housing, legal aid
A pilot program in California is testing the idea that providing free counsel to poor tenants could actually save taxpayers money.
Posted In: sequester, furloughs, Congress, Pentagon
It's good news for the approximately 640,000 furloughed Department of Defense employees that there will be only six furlough days instead of 11. But it's still a hardship for many of them.