Police say a father taught his 6-year-old son how to build explosives, and threatened to kill the child's mother.
Facing fresh criticism of his handling of the economy, President Barack Obama travels to Michigan on Thursday to promote investments in the electric vehicle battery industry, a sector the administration sees as a bright spot in the sagging recovery.
Police have reopened an investigation into a claim by a Portland masseuse that former Vice President Al Gore made "unwanted sexual contact" with her in a hotel room in 2006 - an accusation Gore "unequivocally and emphatically" denies.
I don't "buy" it - and you shouldn't, either.
To understand the obstacles Japan still faces - as well as better profit plays to make - read on...
Filed under: Electronic Arts (ERTS), Activision Inc (ATVI), Nintendo (NTDOY), THQ Inc. (THQI), Take-Two Interactive (TTWO)
Video
games are clearly one of the biggest multi-decade trends. Even Best
Buy (
Filed under: International Markets, Economic Data, Financial Crisis, Currency
Moody's Investors Service
cut Portugal's sovereign debt rating. In a statem...
The moves come as investors have been increasing pressure on the EU to provide complete transparency while conducting stress tests on the banks.
EU leaders have already agreed to publish stress test results for 26 banks next month - mainly big, cross-border institutions - to address concerns about the Eurozone's exposure to sovereign debt.
When we posted our first batch of reactions yesterday to Elena Kagan’s testimony, words like “candid,” “responsive,” and “forthright” came up a lot. Those reactions didn’t change with her second day of questioning – Senator Arlen Specter reiterated that she’s been “more forthcoming than most” for example -- but this time there was even more focus on just how impressive she has been. Republican Senator Lindsey Graham, having held a notably interesting and substantive exchange with Kagan, c...
A man accused of shooting and wounding two eighth-graders outside their middle school pleaded not guilty Monday by reason of insanity.
AFP - US President Barack Obama's pick to fill a
second US Supreme Court vacancy, Elena Kagan, faces her first
conf...
Through a sign-language interpreter at the Dallas County Jail, Stephen Brodie cops to all sorts of crimes save the one that put him behind bars for 10 years: sexual assault of a 5-year-old girl.
About the Author: Jeremy is a retirement
planning specialist and founder of Generation X Finance and the
guide to Financial Planning at
About.com. To learn more, follow Jeremy on
Twitter.
Gov. Deval Patrick has enacted a $27.6 billion budget that will cut state aid to cities, towns and schools for the new fiscal year that begins Thursday, at the same time vetoing $457 million in spending, much of it anticipated federal dollars that Congress has yet to approve.
The health care debate featured no shortage of rumors designed to misinform the American people about the Affordable Care Act. And while the debate has ended and implementation of the new law has begun, the rumor mill hasn’t slowed down. The latest rumor is the unfounded charge that “America's wounded warriors face a new tax on prosthetic limbs and other vital medical devices.” Nothing could be further from the truth. While the new law includes a tax on big medical device manufacturers, the tax won’t be passed on to veterans and wounded active duty military personnel and veterans will continue to receive prosthetic devices at no cost from the VA and TRICAR...
Two articles recently examined different aspects of international student enrollment in the U.S. The Chronicle of Higher Education's article, "Foreign-Student Enrollments in the U.S. Rise Despite Global Recession," looks at how foreign enrollment numbers are increasing, despite the economic crisis; while Inside Higher Ed's article "Study Finds Foreign Enrollments Slowing," takes a bit more of a pessimistic view by arguing that while there ...
Counties across Mississippi are hoping a change in state law will save them thousands of dollars on inmates' medical bills.
Following up on his tour of Smith Electric’s new factory in Kansas City yesterday – an all-electric, zero emissions commercial truck manufacturer that received a $32 million Recovery Act grant – the President spoke today at the University of Nevada, Las Vegas on the nexus of government, the emerging clean energy economy, and recovery:
Scouting the Boston area for
office space this week is CardStar Inc. The start-up makes a
popular, free iPhone app (1.5 million downloads so far) that
enables you to digitize all of your loyalty cards and then simply
show the bar code on your iPhone's screen when you're at the
checkout counter. The company has previously operated virtually,
with employees in Massachusetts, Connecticut, and Washington, D.C.
Bizdev chief Stuart Hilger says there will be three employees in
the new Boston office, and CEO Andy Miller will...
Roundup: Sumo Bean Bag Chairs, Dating Websites and Eating Weeds
from personal
finance blog Bargaineering.com.
Four months before midterm elections, the Obama administration and congressional Democrats show signs of collective battle fatigue, ducking political fights they might once have welcomed and quarreling among themselves as they confront the likelihood of majority-threatening losses this fall.
The White House asserted Wednesday that the $862 billion stimulus law has been even better for the economically-struggling country than previously advertised.
Filed under: Industry
PriceSmart,
Inc. (PSMT)
shares are trading this afternoon around the $25 level. They're
down less than 1% as of this writing. Even so, they're not too far
from the 52-week high of $25.50. It's nice to see a stock near the
52-week high in this market, huh? The company, an operator of
warehouse clubs in Central America and the Caribbean, whose
headquarters can be found in San Diego, issued its
Filed under: Coca-Cola (KO), Johnson and Johnson (JNJ), Chevron Corp (CVX), Clorox Co (CLX), NYSE Euronext (NYX), Kimberly-Clark (KMB), Mattel, Inc (MAT), Merck and Co (MRK),
The reason: In a market that derives 70% of its growth from consumer spending, the last half of this year will be all about those consumers - and about the economy's inability to generate enough jobs to keep the nation's cash registers ringing.
If you add to that concern the end of the various government stimulus efforts, possible fallout from the Eurozone debt contagion, and oil in the Gulf of Mexico defiling the...
According to the Businessweek blog Getting In, only 4% of applicants to top MBA programs decided to submit GRE scores. Only 5% of applicants to Harvard Business School and to Yale SOM submitted GRE scores, while UVA Darden received less than 2%. Washington Olin received a whopping 7%, while Stanford G...
A GP who treated Baby P in the months leading to his death "deprived" himself of an opportunity to protect the child, the General Medical Council has ruled.
Since news of a possible deal first started leaking out in April, lots of people have been wondering whether Cambridge-based ITA Software, which gathers and organizes data about airfares and helps airlines run their Web sites, would be acquired by Google, stay independent and possibly go public, or get bought by someone else.
The deal went down this week — with Google paying $700 million in cash — just as travelers were packing their suitcases for the Fourth of July holiday.
Update: Accor...
Keeping unemployment benefits flowing for millions of workers whose jobs were eaten by the recession should have been a slam dunk in an election year.
Montana's congressional delegation is seeking assurances from the U.S. Environmental Protection Agency that the government will not leave the asbestos-contaminated town of Libby before its cleanup is complete.
AP - The Obama administration said Sunday it intends
to nearly double the available amount of wireless communications
spectrum over the next 10 ye...
AFP - US President Barack Obama said Friday his
policies had pulled America out of the most vicious economic
d...
Authorities said a Warner Robins councilman made up a story about his city-issued cell phone being stolen.
The Consumerism Commentary
Podcast is in full swing with new episodes every Sunday. Listen
and subscribe now!
I
Deposited a Check With My Phone
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The 57-year-old man charged with 10 murders in the Los Angeles "Grim Sleeper" case was arrested at least 15 times over four decades but was never sent to state prison despite the recommendation of probation officers, court and jail records show.
Alabama's next governor will have to design the first state budgets without federal stimulus money, a potentially huge hole with political implications.
As farfetched as that sounds, it's become a major cause for concern in this nation of 128 million, which has been in an economic funk for two decades. These "real housewives" are part of a user-driven, social-networking site called Mainichi Tokubai, which delivers the best prices on specific grocery-store items to the fingertips of Tokyo-region consumers.
To hear frustrated Japanese policymakers and retail executives tell it, these bargain-minded consumers and their equally frugal social-networking site is almost-single-handedly undercutting the
IF you have any kind of chronic medical condition and you've been shopping for health insurance, you know how insanely difficult it is to find an insurer that will cover you at all, let alone at an affordable rate.
In fact, Credit Suisse Group AG (NYSE ADR: CS) has increased its long-range forecast for gold, arguing in a new report that prices should remain near current levels for at least the next four years.
CS analysts' 2014 target is now $1,300 and ounce, compared to their previous forecast of $1,120. That may not seem like a very brave forecast since gold is already trading at nearly $1,200 an ounce. But it has profound implications for gold miners, because mining ...
A federal judge on Friday drastically trimmed a $675,000 verdict against a Boston University graduate student who was found liable for illegally downloading and sharing 30 songs online, saying the jury damage award against a person who gained no financial benefit from his copyright infringement is "unconstitutionally excessive." Joel Tenenbaum, ...
A Waterloo woman has pleaded guilty to federal charges that she submitted more than $43,000 in fraudulent Medicaid claims.
Filed under: International Markets, Newsletters, Stocks to Buy
"This
month we are beefing up our Northern exposure with a Canadian bank:
Toronto-Dominion (TD),"
says growth and income specialist Stephen Leeb.
The e...
Filed under: Earnings Reports, Forecasts, General Mills (GIS), Economic Data
The
calendar quarter winds down this week, and in the days leading up
to the Independence Day holiday in the U.S., Apollo Group Inc.
(
AFP - The Pentagon on Wednesday said it ...
Filed under: News Corp'B' (NWS), Stock Picks
News Corp. (NWS) and MySpace. They've been together for a
while. And I have a question: Should they still be together? Is
there any reason for the social networking business to be in Rupert
Murdoch's empire? Personally, I don't see a rationale for keeping
MySpace in the fold.
Of course, I'm sure Ch...
On Tuesday, July 13th, Mrs. Obama is answering your questions in her first-ever web chat, as part of the launch of a new Let’s Move! website. The First Lady will answer your questions on the Let's Move! initiative to solve the epidemic of childhood obesity during a live event that is moderated by AOL Health. You can participate by submitting questions now or during the chat. Then tune in to the live event at 10:00 AM EDT on Tuesday, July 13 here on WhiteHouse.gov...
The survey: 300,000 undergraduate students from 25 countries around the world were asked to select three career goals (out of a list of nine) that they felt were of utmost importance.
The result: Only 5 of the 25 countries had students who selected the option -- "To be dedicated to a cause or feel that I am serving a greater good." The Canadians students included it in their top three most often, followed by the Americans, and then the Irish, Danish, and the Portuguese. The bottom 5 on the list -- that is, those countries who considered "serving a greater good" least important -- were: the Russians, Dutch, Italians, Indians, and the Germans, with the Germans taking the bot...
Filed under: International Markets, Google (GOOG), China, Technology
Chinese officials and Google have had a long-standing
disagreement over the issue of censorship. The Chinese Information
Office of State Council has a process by which all content must be
submitted to the Council for ...
AP - A judge has ruled that a Guantanamo Bay
detainee awaiting trial in a New York civilian court is trying to
hinder his prosecution by claiming he ...
Filed under: Earnings Reports, Kellogg Co (K), General Mills (GIS)
General Mills (GIS),
a business in constant battle with fellow cereal concern Kellogg
(K),
saw some weakness Wednesday following its fourth-quarter release,
which...
Today I continued my series of bipartisan outreach meetings to engage leaders from inside and outside of government as we implement the Affordable Care Act. It’s been just over three months since health insurance reform became law, and already Americans are gaining greater control over their health care. As we work to turn the new law into reality for families, businesses, and individuals across the country, we’ve been getting some great insight from leaders in all sectors, as well as directly from the American people.
When the President began pushing for tough reforms to the way Wall Street does business in the months after he came into office, the grip that the biggest banks in the world have held over Congress in past years left many skeptical about their prospects. Today, though, Senate Leader Harry Reid announced that the final vote i...
Filed under: Walt Disney (DIS), Best Buy (BBY), News Corp'B' (NWS), Abercrombie and Fitch (ANF), DreamWorks Animation (DWA)
It's
the Fourth of July. Time to declare your independence from fear.
Specifically, the fear of holding risk in yo...
AP - President Barack Obama is wrapping up a two-day
swing through Missouri and Nevada with a speech on clean energy
that could deliver a boost to Senate Majority Leader Harry Reid,
who's in a t...
AP - At odds over how to strengthen the global
recovery, top world leaders found common ground on foreign policy
Saturda...
Everyone's been talking about the GMAT's new integrated reasoning section. Here are the highlights of the conversation:
First, to recap: GMAC announced last week in a press release that it would be introducing an "innovative new section designed to measure people's ability to evaluate information from multiple sources." This integrated reasoning section will be introduced in June 2012, and will supply b-schools with an opportunity to see how prospective students respond to managerial challenges similar to what they'd find in the real business world.
Test takers will have to interpret charts, graphs, and spreadsheet, determine the relatio...
While yesterday’s time in the Judiciary Committee for the confirmation hearings of Elena Kagan did see attacks from some quarters as we predicted, it was also noteworthy the praise she received. Chairman Senator Patrick Leahy told her, “I can't remember anybody that's been asked such a wide variety of questions or answered them as forthrightly as you have” – a point echoed by Republican Senator John Cornyn when he congratulated on her testimony and said “I think you've done a good job of explaining from the witness chair how you would decide ...
It might not be the Greatest Show on Earth but the legal circus in the $7 billion fraud case against jailed Texas financier R. Allen Stanford is possibly making it the greatest show in court.
Brian Williams enters a plea of guilty to felony murder Friday. slideshow Bryan Williams takes responsibility for his actions, but thinks he is the fall guy in the slaying of a 19-year-old Cedartown man, at least that is what he told a Superior Court judge Friday afternoon.
The Consumerism Commentary
Podcast is in full swing with new episodes every Sunday. Listen
and subscribe now!
Independence Weekend Reading: Priceline, Secrets, and
Condoms
But the overall level of factory activity continued to expand, suggesting that manufacturers may be experiencing a return to more normal rates of growth rather than heading for a contraction.
In China, manufacturing growth slowed more than economists had forecast, and a gauge of factory output in the 16-member euro region fell for the second consecutive month, two surveys showed.
Thinking about applying to an international MBA program? Like the idea of having international experience on your resume, but don't know much about your global options? Not sure if you should attend an internationally-run program or an American-based program transplanted to foreign soil?
Today, President Obama announced his intent to nominate Jacob J. Lew, generally caled "Jack," to serve as Director of the Office of Management and Budget – the President’s top aide in charge of overseeing the budget for the entire Federal government. Lew, who already has outstanding experience in the position under the Clinton Administration, has been serving in the State Department under President Obama. During him time under President Clinton, 11 million jobs were created, and the federal budget was balanced for the first time since Neil A...
AFP - Apple chief executive Steve Jobs apologized on
Friday to buyers of the new iPhone who exper...
This afternoon President Obama held a bilateral meeting with President Leonel Fernandez of the Dominican Republic, touching on a broad range of issues from the political crisis in Honduras, to trade, to continued efforts to crack down on drug trafficking between our two countries.
Both Presidents clo...
Emergency rooms, the only choice for patients who can't find care elsewhere, may grow even more crowded with longer wait times under the nation's new health law.
Treasury Secretary Timothy Geithner appeared on PBS NewsHour last night to discuss, among other items, the financial reform bill that is awaiting final passage by the Senate when they return from recess next week.
In his conversation with NewsHour host Jim Lehrer, Secretary Geithner expressed confidence that the Congress will soon deliver a strong bill to President Obama’s desk:
LEHRER: The financial reform legislation: Is there any question in your mind this could eventually pass the Senate and be signed by the president?
GEITHNER: No, it lo...
The Consumerism Commentary
Podcast is in full swing with new episodes every Sunday. Listen
and subscribe now!
Home Buyer Tax Credit Fraud
About the Author: Jeremy is a retirement planning specialist and founder of Generation X Finance and the guide to Financial Planning at About.com. To learn more, follow Jeremy...
Filed under: ConocoPhillips (COP), Stocks to Buy, Stocks to Sell
On
Wednesday, Investors pushed call option prices higher in the
savings & loan industry and pushed put option prices higher in
the electric utilities industry.Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensi...
Filed under: Freep't McMoRan Copper (FCX)
Shares of mining giant Freeport-McMoran (FCX)
have been beaten down in 2010 after producing tremendous gains in
2009. Year-to-date, Freeport has fallen nearly 22% and the stock
currently changes hands for around $62.50. It appears that
sentiment in FCX may b...
The federal recommendation comes amid rising concern that the drugs in animals pose a health threat to humans.
AFP - Japan's consumer
electronics maker ...
Filed under: BP p.l.c. ADS (BP)
Yesterday,
I took a look at BP's (BP) plans to test a new cap on the oil spill in the Gulf of
Mexico. Well, late yesterday, the company announced that the
rather important test on the efficacy of the new cap will be
Michigan Gov. Jennifer Granholm will be joining a group of bipartisan governors today in Washington DC to plead the case for extending federal unemployment benefits and the stimulus provision that provides Medicaid aid to the states, called FMAP.
Publisher’s Note: Justice is taking a few days off for a family event. We’ve asked Taipan’s Senior Research Director, Sara Nunnally, to step in. Justice will be back next week. But in the meantime, enjoy Sara’s insightful look into the…
Filed under: Major Movement, Industry, Market Matters, Economic Data, Oil
The
stock market is on a tear, fueled higher by better than expected
corporate earnings. So says
What if senior management in an Agency – or anyone in the public – could identify and monitor the performance of IT projects just as easily as they could monitor the stock market or baseball scores? That’s what the IT dashboard does -- and it’s changing the way government does business.
A Clarksburg man has been convicted in connection with the death of his 4-month-old daughter in July 2009.
Filed under: Apple Inc (AAPL), Verizon Communications (VZ)
It's a common refrain: "I'll get an iPhone
when it goes on the Verizon (VZ)
platform." And Internet traffic proves it. According to searches on
Google News, "Verizon iPhone" is
the most sear...
Dick Morris, the former political adviser to President Bill Clinton who turned his back on Democrats and embraced conservatives, is raising money to help Republican Sharron Angle's Senate bid.
Nearly one-third of all U.S. home sales in the first quarter involved properties that were in some stage of mortgage distress, according to RealtyTrac Inc.. And homes on the market that were in the process of foreclosure sold at an average discount of 27% in the first quarter, which does not bode well for new inventory coming onto the market.
"...
By PAUL ELIAS and GREG RISLING, Associated Press Writers 2 hrs 53 mins ago SAN FRANCISCO The involuntary manslaughter conviction of a white former transit officer in the death of an unarmed black man set the stage for a sentencing that could be just as explosive as the trial depending on how the judge interprets the verdict.
On Wednesday, July 7, 2010, Beat the GMAT will be holding an all-day live webinar series that covers the steps you should take to secure your spot in the next class at a top business school.
The video conference is designed to help current b-school applicants navigate the pre-application, application, and post-application processes. Topics include GMAT tips and tricks, Q&A with the Class of 2012 admits, post-MBA career paths, and others.
AP - Wary of slamming on the stimulus...
Filed under: Commodities, Oil
The oil market's bears regained control Tuesday, but as they
say in the oil trading pits, 'for now,' or 'stay tuned.'Oil plunged $2.54 to $75.54 per barrel Tuesday afternoon, as the threat from Tropical Storm Alex to the Gulf of Mexico's energy infrastructure waned and after
Reuters - Republican Party leader Michael Steele
faced heavy criticism and calls for his resignation on Friday after
bla...
Filed under: Carnival Corp (CCL), Lennar Corp'A' (LEN), AMR Corp (AMR)
Cleveland fans are
angry and still in denial, while South Florida is jumping for
joy and celebrating the region's king catalyst for the housing
market turnaround. On the evening of July 8th,
