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  • In the past five years, the Fed has created $3 trillion out of thin air. In that context, today's news is vanishingly small.
  • Michael Steinberg, the highest-ranking employee at the hedge fund to be convicted in an insider trading sweep, was found guilty on five counts of conspiracy and securities fraud.
  • Melissa Block talks with Paul Crompton, executive producer at Barge Pole Productions, about train robber Ronnie Biggs, who died Wednesday at 84. Crompton made the film The Great Train Robber's Secret Tapes with former Daily Express reporter Colin MacKenzie, who tracked the robber to Rio after he escaped from prison, and recorded his interviews with him over a period of days.
  • Ten years after education researchers began focusing on big city school systems and monitoring their math and reading scores, there's good news to report. Today, fourth and eighth graders in many of the nation's largest cities have made impressive gains. Surprisingly, school systems with large numbers of low income children have exceeded the national average in both subjects .
  • "Who am I to judge?" With those five words, Pope Francis "stepped away from the disapproving tone, the explicit moralizing typical of popes and bishops," writes columnist James Carroll.
  • After a decade of kicking the ball down the road, Congress appears ready to repeal its payment formula for Medicare and replace it with a whole new system. This time, doctors would be paid according to the quality of results they produce, rather than the number of services they provide.
  • It's a cross between Secret Santa and Make-a-Wish. For more than 20 years, ordinary Brazilians have read letters addressed to Santa that end up at their local post office and helped fulfill those wishes. The Father Christmas Project helps about half a million kids, some of whom ask for basic things like food and beds.
  • Sarah Ramirez left a high-prestige career to bring California's bounty of unsellable fruit to food banks in the state's Central Valley. Her grass-roots organization is trying to address a regional conundrum: While many area farms end up with imperfect fruit that can't be sold to supermarkets, local farmworkers struggle to afford fresh produce.
  • Delta CEO Richard Anderson says frequent flyers believe voice calls in the cabin would disrupt travel. So the airline announced it will ban in-flight calls even if the FCC changes the rules.
  • Also: U.N. ambassador Samantha Power arrives in the Central African Republic; a "Duck Dynasty" star reiterates homophobic comments; Russia says it bailed out Ukraine as a fraternal gesture; and an anonymous donor drops a diamond ring into a Salvation Army red kettle.
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