US News

Yen to Fall to 120 by 2014: Pro

CNBC - Wed, 05/15/2013 - 12:00am
The dollar-yen trade could reach 120 by the end of 2014, according to economists at Capital Economics, who said the yen's downward drive will persist throughout this year and next.
Categories: US News

Central Banks Are Repeating Greenspan’s Mistake

CNBC - Wed, 05/15/2013 - 12:00am
Central banks around the world are repeating the mistakes of former Federal Reserve Chairman Alan Greenspan by flooding markets with cheap money, according to Brunel University's Moorad Choudhry.
Categories: US News

Holder Defends Justice Department in Journalists’ Records Seizure

The New York Times - Tue, 05/14/2013 - 11:46pm
Attorney General Eric H. Holder Jr. said that the leak in question was among the two or three most serious leaks he had seen since the 1970s.    

Categories: US News

Sequestration gets real for workers

POLITICO - Tue, 05/14/2013 - 11:41pm
The number of furloughed federal workers hits an eye-popping 820,000.


Categories: US News

APNewsBreak: Lawyer: Tsarnaev's widow to cooperate

FOX News - Tue, 05/14/2013 - 11:40pm

A new criminal defense lawyer for the widow of Boston Marathon bombing suspect Tamerlan Tsarnaev says his client will continue to cooperate with investigators but says he plans to keep quiet about the details of her case publicly because that could hurt the investigation.

New York lawyer Joshua Dratel, who has represented several terrorism suspects, joined Katherine Russell's legal team last week. He joins two Rhode Island-based lawyers who typically focus on civil cases.

Russell hasn't been charged with any wrongdoing, but she is under intense scrutiny by the FBI as it investigates the deadly April 15 bombing, which killed three people and injured more than 260. Authorities say the attack was carried out by her husband and his brother, Dzhokhar Tsarnaev.

Dratel told The Associated Press on Tuesday that he joined Russell's legal team because Russell needed someone who could navigate the criminal justice system and to protect her interests.He said she had spoken with investigators and planned to keep cooperating.

"I don't see that changing in the foreseeable future," he said. "There's no inconsistency between that and her interests at this point."

Dzhokhar Tsarnaev, 19, is in a prison hospital facing charges that could bring the death penalty. Tamerlan Tsarnaev, 26, died April 19 after a shootout with police.

Russell, 24, had been living in Cambridge, Mass., with her husband and 2-year-old daughter, but has been staying with her parents in North Kingstown, R.I., since the day her husband was killed. She has reverted to using her maiden name, switching from her married name of Tsarnaeva.

Among the questions about Russell is what she knew or saw in the weeks leading up to the bombing, and in the days after it. Two U.S. officials, speaking on condition of anonymity, have told the AP that Dzhokhar told investigators the bombs were assembled in the small apartment Russell shared with her husband. One of her Rhode Island lawyers has previously said she was working long hours and was frequently away from the apartment.

Dratel would not discuss details of Russell's life or relationship with her husband, and would not be specific when asked about her contact with federal investigators, such as when she had spoken with them. He said in his experience, investigators do not want people speaking to the media and publicizing what they are focusing on.

"It would be counterproductive for the investigation and for Katherine's interests for us to be more forthcoming at this time with any of the details," he said. "We wouldn't want to impair the investigation in any way."

The sole focus of Russell and her legal team, he said, was on the investigation.

"It's a fluid situation," Dratel said. "We're not at the end of it."

Categories: US News

Hatch wields clout on tech visas

POLITICO - Tue, 05/14/2013 - 11:28pm
The senator is viewed as a potential swing vote for the underlying Gang of Eight bill.


Categories: US News

Army Sergeant Accused of Sexual Abuse

The New York Times - Tue, 05/14/2013 - 11:23pm
A sergeant from Fort Hood, Tex., is under investigation for allegations of pandering, abusive sexual contact, assault and maltreatment of subordinates, Pentagon officials said    

Categories: US News

New Orleans Parades: Celebrating in Spite of the Risk

The New York Times - Tue, 05/14/2013 - 11:06pm
Officials in New Orleans have defended parades like the one that led to a shooting on Sunday that wounded 19 people, calling them a crucial part of the city’s culture.    

Categories: US News

Russia expels diplomat as spy

POLITICO - Tue, 05/14/2013 - 11:05pm
FSB alleges Ryan Fogle was a CIA officer trying to recruit a counterterrorism officer.


Categories: US News

Dr. Dre and Jimmy Iovine Start U.S.C. Program

The New York Times - Tue, 05/14/2013 - 11:00pm
The music business partners Jimmy Iovine and Dr. Dre gave $70 million to U.S.C. to start an academic program for the development of creative entrepreneurs.    
Categories: US News

Boxer prepares to go it alone

POLITICO - Tue, 05/14/2013 - 10:58pm
POLITICO Pro Report: She plans to advance Gina McCarthy through her panel.


Categories: US News

House Republicans to Vote Again on Repealing Health Care

The New York Times - Tue, 05/14/2013 - 10:45pm
House Republicans plan to vote this week to repeal President Obama’s health care overhaul, the 37th time they will have tried to eliminate, defund or curtail the law.    
Categories: US News

Nikkei Getting 'Bubbly,' Correction Coming

CNBC - Tue, 05/14/2013 - 10:35pm
Japanese equities have risen a "bit too fast" and appear to be somewhat "bubbly," according to the former vice finance minister of Japan.
Categories: US News

Rumsfeld shares 380 'Rules'

POLITICO - Tue, 05/14/2013 - 10:33pm
His new book is a primer for living.


Categories: US News

Sex-crime-prevention soldier eyed

POLITICO - Tue, 05/14/2013 - 10:29pm
The Fort Hood sergeant is under investigation for alleged abusive sexual contact, the Pentagon says.


Categories: US News

Australia the Next Euro Zone? Maybe

CNBC - Tue, 05/14/2013 - 10:28pm
Australia's budget on Tuesday has raised concerns that the country could follow in the same path as the highly indebted euro zone, said one expert.
Categories: US News

To Run Victim Fund, Boston Calls on the Specialist

The New York Times - Tue, 05/14/2013 - 10:26pm
Kenneth R. Feinberg, a lawyer with a thriving mediation practice, has become the go-to man for running the compensation funds for victims of catastrophes.    

Categories: US News

5 takeaways from IRS report

POLITICO - Tue, 05/14/2013 - 10:21pm
The watchdog report breaks new ground.


Categories: US News

Nuclear cuts will make us less safe

POLITICO - Tue, 05/14/2013 - 10:17pm
Opinion: The nation is in a budget crisis, but that makes wise choices all the more important.


Categories: US News

Barnett Newman painting auctioned in New York City for $43.8M

FOX News - Tue, 05/14/2013 - 10:06pm

A large 1953 painting by abstract expressionist artist Barnett Newman has sold for $43.8 million at a New York City auction, setting an auction record for his work.

Sotheby's said Tuesday the record price for "Onement VI" (WUHN'-mehnt siks) includes the buyer's premium.

The painting is the last of six in Newman's Onement series. They're characterized by what's called the zip, a distinctive stripe running down the center of the canvas. Four are in museum collections.

"Onement V" sold at auction last year for $22.4 million, the artist's previous auction record.

Newman was an exhibitions organizer of the newly opened Betty Parson Gallery in 1946. He played a vital role in the careers of Mark Rothko, Jackson Pollock and others. He also influenced the next generation of artists including Frank Stella.

Newman died in 1970.

Categories: US News

Recent Comments