Business

Ways to Connect

One of the leading figures in the government's bailout of banks deemed "too big to fail" after the 2008 financial crisis says major banks are still at risk.

Neel Kashkari, now the president of the Federal Reserve Bank of Minneapolis, tells NPR's Steve Inskeep that despite changes to Wall Street made as part of the 2010 Dodd-Frank law, big banks are still too big to fail.

A Los Angeles hospital paid a nearly $17,000 ransom to hackers who breached and disabled its computer network, the hospital said in a statement Wednesday.

Hollywood Presbyterian Medical Center paid the ransom of 40 bitcoins, which is currently worth $16,664, in order to restore the computer system that was infiltrated on Feb. 5.

The hackers used a malware that locks systems by encrypting files and demanding ransom to obtain the decryption key.

For the oil industry, this is what passes for good news:

Iran said Wednesday that it would be great if other countries would limit their oil production to boost prices.

As for itself, Iran will continue to ramp up oil production.

That may not sound like much reason for celebration, but Iran's expression of support for multi-nation plan to restrain oil output was enough to give the energy market a boost. On the New York Mercantile Exchange, West Texas Intermediate crude oil gained $1.62, or 5.6%, to settle at $30.66 a barrel.

Remember the cryptex, the little handheld safe from The Da Vinci Code where entering the correct combination will reveal the secret message and entering the wrong one will destroy it?

Now replace the little safe with an iPhone, and instead of a secret message, it's holding evidence in a terrorism case. The critical combination? It's a passcode — one the FBI doesn't know, and one that Apple is reluctant to help the agency figure out.

Thousands of small investors who lost some or all of their savings when a large bank in Spain failed in 2012 may now get their money back. Bankia, which needed a $19 billion bailout just one year after its initial public offering, announced the surprise move Wednesday.

Taxpayers Confused By Late Health Law Forms

Feb 17, 2016

As the 2015 tax filing season gets underway, tax preparers said a delay in health law tax forms is tripping up some consumers, while others want details about exemptions from increasingly stiff penalties for not having insurance.

Under the law, most people must have health insurance or pay a fine. In 2015, the penalty was $325 per adult and $162.50 per child up to $975, or 2 percent of household income, whichever is greater.

A federal judge in California has ordered Apple to help unlock a phone used by one of the shooters in the San Bernardino attack. Apple CEO Tim Cook has vowed to resist the judge's order, which pits digital privacy against national security interests.

A U.S. magistrate has ordered Apple to assist the government in unlocking the iPhone of San Bernardino shooter Syed Rizwan Farook. The FBI is seeking information that may be on Farook's employer-issued phone as it investigates the Dec. 2 shootings that left 14 people dead.

At the time of the attack, Farook and his wife, Tashfeen Malik, destroyed two personally owned cellphones and removed a hard drive from their computer.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

Copyright 2016 KUT-FM. To see more, visit KUT-FM.

Transcript

DAVID GREENE, HOST:

Pages