JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival. Both JPMorgan Chase and Bank of America are getting smaller as they shake off the excesses of the... Read more...
A Tucson, Ariz., SWAT team defends shooting an Iraq War veteran 60 times during a drug raid, although it declines to say whether it found any drugs in the house and has had to retract its claim that the veteran shot first. And the Pima County sheriff, whose team conducted the raid, scolded th... Read more...
You don't need to be a doctor or scientist to see that Americans are getting fatter and fatter. We are the United States of obesity. Twelve states now have obesity rates above 30 percent, a just-released report from Trust for America's Health shows. Even the state with the highest percentage of peo... Read more...
Whereas the conflict in Libya arose over the legitimate demand for increased democratization of the country in line with the mainly peaceful democratic revolutions sweeping across the world, it was quickly hijacked by an armed gang of rebels and metamorphosed into a civil war with the help of N... Read more...
When Hurricane Katrina devastated one of New Orleans’ oldest public housing developments, families were displaced and job opportunities became scarce. Goldman Sachs’ Urban Investment Group joined with an experienced developer, McCormack Baron Salazar, to destroy the neighborhood and displ... Read more...
As an impulse buy, you might plunk down a few bucks for a Shamwow, an Aluma Wallet or a Shake Weight. But would a TV infomercial persuade you to part with thousands of dollars on a get-rich-quick scheme? There are many thousands who would and do. If there were no suckers, there wouldn't be so... Read more...
The whistleblower who exposed the News Of The World phone-hacking scandal, has been found dead. Sean Hoare was a journalist at the shamed newspaper and claimed Editors knew what was happening, and encouraged reporters to do it. He was found dead at his home near London.Police are treating it a... Read more...
By Sangim Han and Rose Kim Chung Eunjung, a mother of two sons in Seoul, says South Korea's plan to give children extra playtime by ending Saturday classes means only one thing: more private tutoring. On June 14, President Lee Myung Bak's government announced it would recomm... Read more...
Via: At least Lyor Cohen and Edgar Bronfman are doing it in plain sight. But a backroom scheme has now gone bust for Warner Music Group equipment buyer Andrew Robertson, who almost ran away with $700,000 in stolen funds. This involved a few different tricks, including the creation of fictitious... Read more...