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...rare move, a federal judge threw out a proposed $33 million settlement between the Securities and Exchange Commission and Bank of America stemming from the company's January takeover of Merrill Lynch. The SEC had sued the bank over $3.6 billion in undisclosed bonuses paid to Merrill staff before the deal. Judge Jed Rakoff accused bankers and regulators of having a "cynical relationship" that penalizes shareholders rather than bank executives...
...open-minded and stop our fighting, I went to a seminar about inoculation at Cassandra's yoga center. Along with about 50 other people, we paid $30 each to listen to Dr. Lauren Feder. I was doing a pretty good job of distracting myself until Feder told us that a good case of whooping cough can protect your child from asthma, that measles cure eczema and that only 1% of the mere 15% of prevaccine kids who got polio became paralyzed. Feder really sees the good side of life-threatening diseases. I bet she believes Ebola cures wrinkles...
...appreciates smart foreign policy, as evidenced by their recent choice to reengage with the U.N. by paying U.N. member dues, unlike the previous administration, which neglected its fiduciary responsibilities to the body. This reconciliatory approach, coupled with the removal of aggressively situated missile defense shields in Eastern Europe, has paid out enormous political dividends in the form of cooperation from other nations on the problem of nuclear weapons in Iran. Specifically, Russian President Dmitri A. Medvedev has expressed a new level of receptiveness to the idea of helping the U.S. curtail Iran’s nuclear ambitions, stating...
...incident is the latest of many ominous signs for a peace process that is already on the rocks. On the same holiday in 2000, a highly controversial visit paid to the mosque by then opposition leader Ariel Sharon proved to be the move that many here say launched the second intifadeh. Indeed, it was a bad weekend for the Israeli-Palestinian conflict all around. On Sept. 25, the Israeli Defense Forces killed three members of the Palestinian militant group Islamic Jihad in an air strike - the first one inside densely populated Gaza City since a loose cease-fire was implemented...
...total loss for greens. President Barack Obama introduced the idea of phasing out fossil fuel subsidies over time, to help improve energy efficiency and "transition to a 21st-century clean energy economy." Phasing out subsidies for fossil fuels would save money - the Environmental Law Institute estimated that the U.S. paid out $72 billion in subsidies between 2002 and 2008 - and correct a market that has been warped against low-carbon alternatives precisely at a time when nations are supposed to be cutting carbon. But again, specifics of a concrete plan were wanting in Obama's speech. There was no mention...