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  • The economy added 195,000 jobs in June, a surprise and a delight to both economists and Wall Street, even though the unemployment rate was stuck at 7.6 percent. NPR's Sonari Glinton reports that the economic recovery continues at a slow but steady pace.
  • A Spanish court named Calatrava, designer of New York's Ground Zero transport hub, a suspect in alleged contract fraud. Prosecutors say he got $3.6 million for a convention center that wasn't built.
  • Roughly 6 in 10 college-bound high school students who took the SAT in 2013 performed poorly. The sponsor of the test wants to work with schools to help students do better, but some say the group is really concerned with trying to keep the test relevant.
  • According to a new government report, allegations of wrongdoing by military recruiters rose from 4,400 cases in 2004 to 6,600 cases in 2005 -- and numbers are likely worse than reported. Violations range from falsifying documents to telling a recruit not to reveal a legal or medical problem that could bar enlistment. The rise in recruiter problems could reflect pressure to meet wartime recruiting goals.
  • Ministries raise millions of dollars with little oversight. One Senate lawmaker wonders whether the lavish lifestyles of the ministers violate the churches' tax-exempt status. Six megachurches have been asked to respond by Dec. 6 to questions about their spending.
  • The Biden administration's COVID booster plan for the general population is supposed to start soon, but the FDA still wants to review its safety — and whether kids under 12 should be vaccinated.
  • A vocal pro-democracy website in Hong Kong shut down Wednesday after police raided its office and arrested six in a continuing crackdown on dissent.
  • The billionaire said it was a "mistake" for the social network to ban the former president after the Jan. 6th Capitol insurrection.
  • Traders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the second quarter. But the impact of the trading loss goes far beyond the bottom line.
  • JPMorgan Chase has agreed to pay regulators more than $900 million in fines over last year's London Whale trading fiasco. A handful of rogue traders at the bank lost more than $6 billion in a bad derivatives trading strategy. The traders then concealed the losses from senior executives for weeks. JPMorgan also formally admitted wrongdoing in the settlement with four different regulators.
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