There is no need to sequester funds urgently needed by Main Street to pay for Wall Street’s malfeasance. Californians can have their cake and eat it too -- with a state-owned bank.
A British insurance price comparison service is predicting that use of social media could eventually lead to increases in home insurance premiums. Membership on Twitter or Facebook could become just another variable in determining costs, based on fears that such sites let potential criminals know when a user is not at home.
Often, relatives and acquaintances of the suspect in a notorious case express shock and disbelief when the crime and the alleged perpetrator become publicly linked. The man accused of being the "Craigslist killer," 23-year-old Philip Markoff, is among those who made a positive impression in better times.
After two months and 261 rounds of bidding, the FCC announced Tuesday that it has raised a total of $19.6 billion from the sale of the U.S. wireless spectrum. The revenue, slated to fund "public safety and digital television transition initiatives," is nearly double what Congress had previously estimated for the publicly owned spectrum.
The private collection of famous artworks at Zurich's E.G. Buehrle Collection suddenly became smaller over the weekend, and not at the proprietors' behest. On Sunday, three disguised and armed robbers stole over $160 million worth of artwork by Vincent van Gogh, Paul Cezanne and other masters from the Swiss museum.