Italy's top court has upheld a conviction and prison term for Italy's most prominent politician, former Prime Minister Silvio Berlusconi, on charges of tax fraud. This the first time he has been definitively convicted, after 20 years in which he was accused of multiple transgressions. However, the supreme court will now reconsider the law that would bar him from holding high office because of the conviction. This could allow the shaky coalition that governs Italy to remain in place.
In the tiny South American nation of Uruguay, it's long been legal to smoke one's own homegrown marijuana. Now the government is getting close to putting the government in charge of producing and selling the nation's pot.
Edward Snowden has been granted asylum for up to one year by Russia and has left the transit zone at Moscow's airport where he was holed up for more than a month. The Russian government says a condition for his amnesty is that he not reveal any more information that will damage the United States.
The New York Jets are one of many teams with a quarterback controversy headed into the new season. But in New York, it seems that controversy attaches itself to everything the Jets do. Hall of Fame quarterback Joe Namath reflects on the difficulties of leading the Jets.
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In New York City today, a victory for the Securities and Exchange Commission: A federal jury held former Goldman Sachs trader Fabrice Tourre liable on six of the seven counts against him. The SEC had accused Tourre of intentionally misleading investors about a mortgage-backed security just as the housing sector was beginning to collapse. The investment created huge losses.
A new homeless initiative in Hawaii is raising some eyebrows, and the department in charge of implementing it has concerns of its own.
As part of a larger housing bill in July, the state Legislature approved $100,000 per year for a three-year pilot project that would help get some homeless people off the island and back to their families on the mainland. Participants must leave voluntarily.
Originally published on Thu August 1, 2013 3:59 pm
A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.
Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.
Originally published on Fri August 2, 2013 2:01 pm
When Dippin' Dots emerged in 1987 with the slogan "Ice Cream of the Future," its liquid nitrogen-blasted pellets seemed about as cutting edge as ice cream could get.
But ice cream has come a long way since then. Now, ice cream revolutionaries are updating our notions of ice cream texture and flavor with bioengineering and sheer chutzpah. Welcome to the new future of ice cream.