House Republicans today released a preliminary spending bill that would slash more than six billion dollars from the budgets of the Departments of Labor, Health and Human Services and Education.The draft bill also bans NPR member stations from using federal funds to buy NPR programming.
David Bagley, HSBC's head of group compliance, resigned in the middle of a Senate hearing today that was looking into charges that the bank had been lax in meeting government requirements, allowing Mexican cartels to launder money and giving terrorists access to the American banking system.
A report (pdf) released today by Human Rights Watch accuses the government of Hugo Chávez in Venezuela of consolidating power in the executive branch and using that power to intimidate his opponents.
"The accumulation of power in the executive, the removal of institutional safeguards, and the erosion of human rights guarantees have given the Chávez government free rein to intimidate, censor, and punish Venezuelans who 'offend' the president or obstruct his political aims," the report found.
Federal Reserve Chairman Ben Bernanke told lawmakers that progress toward bringing down the nation's high unemployment rate will be "frustratingly slow." He reiterated previous statements that the Fed stands ready to do more, but declined to be specific about what it would do. Bernanke also defended the Fed's role in addressing the manipulation of a benchmark interest rate by at least one big bank.
Marissa Mayer started work today at Yahoo. The fact that Yahoo's new CEO is a woman - and a young woman, just 37, has generated attention, but then came more unusual news. Marissa Mayer is pregnant. She's due to have her first baby in early October.
She told Fortune magazine: My maternity leave will be a few weeks long and I'll work throughout it. That, as you can imagine, has amplified this moment as a significant one in the history of women leaders in Silicon Valley.
In case you were living under a rock last winter, here's a quick refresher on the phenomenon known as "Linsanity."
In just a few weeks, Jeremy Lin — a lanky Asian-American point guard who played his college ball at Harvard — went from a benchwarmer to a star. He led an unlikely winning streak that made the long-downtrodden New York Knicks seem momentarily relevant in the NBA title hunt.
"This kid has single-handedly done the unthinkable: made people want to watch the New York Knicks," Comedy Central's Stephen Colbert said, joining the media frenzy.
Pop music in the 21st century has been flush with precise re-creations of '60s and '70s American R&B — think of Sharon Jones, Adele, Raphael Saadiq and the late Amy Winehouse. Meanwhile, I've been waiting for a similar revival of Jamaica's R&B: ska, rocksteady, roots-reggae.
Several presidential battleground states are moving quickly to reach agreements with federal officials to access a U.S. immigration database to purge noncitizens from voter rolls.
The states, including some with large Latino populations, are following Florida, which last week reached its own pact with the Department of Homeland Security to use a database that contains information about immigrants who are in the U.S. legally. The states' efforts had initially been blocked by DHS until the agency relented.