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Bank of New York Case Tests IRS Power to Halt Foreign Tax Abuses

Apr 16, 2012
In November 2001, the Bank of New York quietly transferred nearly $8 billion of its assets -- almost 10 percent of its holdings at the time -- to a trust in the small, business-friendly state of Delaware in a critical first step in setting up a tax shelter that has cost the government more than $1 billion in revenue in the past decade.

Astronomers Scope Out ‘Earth 2.0’

Dec 6, 2011
Did you know that astronomers have found a bunch of potential "Earth 2.0" candidate planets scattered around the universe? More than 2,000 in fact, and one in particular, which NASA dubbed Kepler 22-b after the supercharged telescope that spotted it, spins around its own sun just 600 light-years away.

Earth-Like Planet May Exist

Sep 13, 2011
European astronomers said Monday that they may have found a celestial body with the right characteristics to host life: a "Goldilocks" planet circling a star at a distance that is not too hot, not too cold, but just right for liquid water to exist.

Elizabeth Taylor: 1932-2011

Mar 24, 2011
She was a bona fide movie star by age 12, thanks to a horsey little number called "National Velvet," but it's safe to say that Elizabeth Taylor was able to avoid the curse of the child actor, given the countless memorable screen moments she produced over the next 50 years.

Riding the Milky Way in Tucson

Aug 27, 2010
A couple of days after I arrived in Tucson, there came a party invitation The public was invited to the top of Mount Lemmon for a viewing of the annual Perseid showers, a breathtaking display of shooting stars While I generally brake for sand, I also hit the road for star parties.

McCain Bites Celeb Hands That Feed Him

Sep 18, 2008
John McCain took the opportunity Tuesday to criticize Barack Obama for consorting with celebrities at a Democratic fund drive in Hollywood that night, but McCain had apparently forgotten about his own celeb-attended fundraiser in Beverly Hills last month. McCain supporter Wilford Brimley has yet to comment on this grievous oversight.