At a hearing in Washington on March 6, Attorney General Eric Holder admitted to senators why it has been hard to go after big bank executives:
"It does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large."
Originally published on Fri March 15, 2013 4:44 am
First, Russian President Vladimir Putin granted citizenship to French actor Gerard Depardieu. Now, Putin is hobnobbing with the actor Steven Seagal. The star of Under Siege toured a new sports facility with Putin, who used the occasion to call for reviving a Soviet-era fitness program in which kids threw javelins, learned to ski and fired guns.
Originally published on Fri March 15, 2013 4:42 am
Reba Williams of Columbus, Ohio, finished her last class back in 1925. But the 106-year-old didn't receive her high school diploma until Wednesday. Her daughter told the Mansfield News-Journal that young Reba, who was a good student for all 12 years, was headstrong. She refused to read a book assigned by her teacher that she'd already read and didn't like.
U.S. government pronouncements about the danger of a major cyberattack can be confusing. The director of national intelligence, James Clapper, and the head of the U.S. military's Cyber Command, Army Gen. Keith Alexander, delivered mixed messages this week while testifying on Capitol Hill.
The new boom in natural gas from shale has changed the energy economy of the United States. But there's another giant reservoir of natural gas that lies under the ocean floor that, theoretically, could dwarf the shale boom.
No one had tapped this gas from the seabed until this week, when Japanese engineers pulled some up through a well from under the Pacific. The gas at issue here is called methane hydrate. Methane is natural gas; hydrate means there's water in it. In this case, the molecules of gas are trapped inside a sort of cage of water molecules.
Next week marks the 50th anniversary of the landmark Supreme Court decision in which the justices unanimously ruled that defendants facing substantial jail time deserved legal representation in state courts, even if they couldn't afford to pay for it.
During the March Madness of 1963, playing was infused with politics. The NCAA matchup between Loyola University of Chicago and Mississippi State helped put an end to segregated basketball. Loyola's win 50 years ago became known as the "game of change."
At the time, college basketball was still predominantly white, with usually no more than two or three black players appearing on the floor at any one time. But in '63, the Loyola Ramblers' starting lineup featured four black players.