Pin ItemailprintLast week, the creditors’ committee representing what’s left of the now-defunct Lehman Brothers asked bankruptcy Judge James Peck to force Treasury Secretary Timothy F. Geithner, who was President of the New York Fed at the time of Lehman’s bankruptcy, to answer a few questions. It turns out that the original subpoena issued by the [...]
Continue reading " Treasury Secretary Tim Geithner IGNORED Subpoena to Testify in Lehman Case "
Many changes have taken place in American education over the last 50 years. The introduction of desegregation and the movement toward education for all as a human right rather than a privilege has led to restructuring in the education sector. In fact, it grew to be so important socially and economically that the Department of [...]
Continue reading " Presidential Report Cards on Education (INFOGRAPHIC) "
There’s some good news from the stock market today. Stocks gained this morning, putting the Dow Jones Industrial Average above the important 13,000 level, led by gains in materials and after the Greek bailout deal. The DJIA broke the 13,000 mark for the first time since May 2008. “The market was playing catch up at [...]
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A new kind of cutting edge, outdoor advertisement is being tested out along Oxford Street in London‘s West End. The interactive advertisement utilizes a high-definition camera to scan pedestrians’ faces and identify their gender. The display then shows the advertisement only to women. The built-in, facial recognition technology has a 90 percent accuracy rate in [...]
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A top executive of Japan’s scandal-laden Olympus Corp was found dead in a park just outside of New Delhi today. The death would seem to be an apparent suicide, according to The Times of India. Tsutomu Omori, 49, who headed up Olympus’ medical equipment business in India, was found hanging from a boundary wall by a [...]
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Iran announced today that it had halted crude oil exports to British and French companies. The cessation came several days after Iran threatened to stop oil exports to some European Union countries in retaliation for sanctions initiated by the E.U. and the U.S. last month, the country’s oil ministry said in a statement. “Iran has [...]
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A Sunday edition of Britain’s The Sun newspaper is slated to launch next week, the publication announced today. The debut date was announced to employees of the paper last night by News International Chief Executive Tom Mockridge. News International is the U.K. arm of Rupert Murdoch’s News Corp. empire, which has been shaken in recent [...]
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If one didn’t know better, one would almost certainly think that something huge was about to happen in the world of banking and finance. Over the past few weeks, a slew of high-level resignations have occurred around the world. On Wednesday, World Bank President Robert Zoellick said he would be stepping down, raising the possibility [...]
Continue reading " BANKING IMPLOSION: MASSIVE CEO RESIGNATIONS SWEEP GLOBE "
Congress passed a deal today to extend the payroll tax cut through the end of 2012, continue unemployment benefits, and avoid a sharp cut in Medicare doctors’ fees. By a vote of 293-132, the House of Representatives passed the measure. The Senate then followed with a 60-36 vote. The move held off a tax increase [...]
Continue reading " Congress Approves Payroll Tax Cut Extension, Obama Pleased (VIDEO) "
A darkly fabulous promotional video for Australia’s Central Institute of Technology is taking the internet by storm. The video starts out innocently enough, with a “genie” of sorts named Aaron magically popping in to tell Henry about his options for furthering his education. The two then begin to teleport around town examining the local collegiate [...]
Researchers announced yesterday that a sweetener used in powdered baby formula and some organic and gluten-free foods may contain dangerously high levels of arsenic. Environmental chemist Brian P. Jackson, director of the Trace Element Analysis Core Facility at Dartmouth University, said his team found arsenic levels six times higher than what the EPA considers safe [...]
Continue reading " Arsenic Found in Baby Formulas, Cereal Bars "
Prosecutors in Italy say they’ve seized a record $6 trillion in allegedly fake U.S. Treasury bonds, an amount equivalent to almost half of the U.S.’s total public debt. The fake bonds were discovered hidden inside makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from Potenza said in a statement. Italian authorities arrested [...]
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