"Remain aggressive." That's the message Attorney General Eric Holder says he has given to prosecutors around the country about pursuing wrongdoing by financial institutions — particularly, wrongdoing related to the financial crisis of 2008.
But as the five-year anniversary of the crisis approaches, the record of prosecutions against high-level Wall Street executives has been dismal.
Originally published on Thu August 22, 2013 6:46 pm
President Obama unveiled a plan on Thursday that would, for the first time, tie federal student aid to a new rating system for colleges and universities. While the president's message that higher education costs should be reined in was simple enough, the sweeping proposal is anything but.
The former politician Bo Xilai offered a spirited defense in court in China on Thursday, surprising observers who had expected a quick show trial to end the country's biggest political scandal in decades. However Bo was allowed to cross-examine witnesses and tell judges he had been framed in the bribery charges against him. He said he had confessed to the charges under psychological pressure during interrogation.
More than 330,000 people filed new claims for unemployment insurance benefits last week. That sounds like a big number — and is a slight increase over the previous week — but it's being taken as some very good news. For a month, now, fewer new people are asking for unemployment insurance than at any time since November, 2007. That's before the Great Recession.
Originally published on Thu August 22, 2013 6:10 pm
The Packard plant, which once symbolized the might of America's auto industry, is at risk of heading to auction if a pending development deal fails. If that happens, The Detroit Free Press reports, the 35-acre site eventually could be sold "for as little as $21,000," a figure that comes from Wayne County Deputy Treasurer David Szymanski.
Originally published on Thu August 22, 2013 5:43 pm
The international community once again rose in near unanimity to condemn a mass killing of civilians in Syria. But, as with so many previous episodes, no one proposed concrete action intended to prevent such bloodshed in the future.
The White House on Thursday expressed "deep concern" and urged a U.N. investigation into what the Syrian opposition says was a chemical weapons attack near Damascus on Wednesday that left hundreds dead.
Doctors want people to quit smoking before surgery because it reduces the risk of complications, but often don't do much to make that happen.
But, it turns out, just a wee bit of help makes it much more likely that people will quit before going under the knife, a study finds.
Patients who got less than five minutes of counseling from a nurse and free nicotine patches at least three weeks before surgery were much more likely to quit, according to researchers at the University of Western Ontario. Those patients also got a brochure and a referral to a quit-smoking hotline.