This is MORNING EDITION from NPR News, I'm Renee Montagne.
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And I'm Steve Inskeep. Federal regulators have unveiled the final version of what has come to be called the Volcker Rule. It's a big part of the financial reform that went into affect three years ago. It's taken all those years to come up with the language that will set new limits on the kinds of trading that banks can do and cannot do. NPR's Jim Zarolli joins us now to talk about this. Hi Jim.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep. At a soccer stadium in South Africa before a crowd notable for its dancing and for the umbrellas it is holding up against the rain, President Obama is speaking in a memorial service for former South African President Nelson Mandela. He said just a moment ago: The world thanks you for sharing Nelson Mandela with us. And let's listen to a little bit more of the president today.
For much of this year we've been hearing headlines effectively saying the government is spying on you. Spy agencies like the National Security Agency gather and store phone records, vacuum up emails by the billions, listen in on foreign leaders' telephone conversations and more. Now a nonprofit writers group, the PEN American Center, is exploring whether the fear of surveillance is affecting creative expression.
It's a question our colleague, David Greene, wanted to explore.
Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.
The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."
Women are still not making headway when it comes to getting on corporate boards or into senior leadership roles within big companies.
New research out Tuesday examined Fortune 500 Companies and found that women hold only about 17 percent of the seats on boards of directors, and they have an even smaller share — about 15 percent — of senior executive positions.
In many ways, military veterans hold a privileged place in American society, but not all vets have access to what goes along with that privilege. In the past decade of war, more than 100,000 men and women left the military with less than honorable discharges, many due to bad conduct related to post traumatic stress disorder. Once they're kicked out of the military, they lose access to benefits like treatment for PTSD.
Israel, Jordan and the Palestinians have agreed to a water-sharing pact that would see the construction of a desalination plant on the Gulf of Aqaba on the Red Sea and bring "a long-awaited Red Sea-Dead Sea pipeline one step closer to completion," according to Reuters.
In Los Angeles today, federal prosecutors announced charges of corruption and civil rights abuses inside the nation's largest jail system. The indictments came against 18 current and former deputies of the LA Sheriff's Department. NPR's Kirk Siegler has details from outside the federal building in downtown Los Angeles.