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February 5, 2014

FBI arrests two in California charged with running ponzi scheme

  • $110M was lost in an apparent ponzi scheme that authorities say was run by two owners of a real estate investment firm, Pacific Property Assets, in Southern California. John Packard and Michael Stewart face eleven felony charges, including multiple counts of both bank and bankruptcy fraud. If found guilty on all charges, the pair face up to 320 years in prison and millions of dollars in fines. source
18:19 // 7 months ago
There’s always an impression about the way girls look on the sidelines. I’m not going to lie, I really want to look nice. But I feel like it’s such a double standard because the men I work with are gorgeous. Most of them are former athletes and they take really good care of themselves. And I gotta tell ya, their suits aren’t cheap. So, when people are like, ‘Oh, she paid this much for her jacket’, or ‘She’s wearing these kind of boots on the field’, it’s like, ‘Yeah, but go ask Michael Strahan how much his suits cost.’
Erin Andrews • Commenting on some of the critiques she regularly faces during her career as a sportscaster, during a recent discussion of double standards in football broadcasting with Elle magazine, and the fact that many of those issues never seem to matter to her detractors when it comes time to examine the performances of her male counterparts. (thanks HuffPo!)
17:48 // 7 months ago
CVS has announced plans to become the first major U.S. pharmacy chain to stop selling cigarettes and all other tobacco products, despite the fact that it will cost the company an estimated $2 billion in annual sales. CVS plans to have completely removed tobacco products from its 7,600 locations by October 2014, though specific timelines for each store will likely vary. (Photo via Generic Brand Productions) source

CVS has announced plans to become the first major U.S. pharmacy chain to stop selling cigarettes and all other tobacco products, despite the fact that it will cost the company an estimated $2 billion in annual sales. CVS plans to have completely removed tobacco products from its 7,600 locations by October 2014, though specific timelines for each store will likely vary. (Photo via Generic Brand Productions) source

14:52 // 7 months ago
February 4, 2014

Thousands of non-Syrians are believed to be fighting in the country’s ongoing civil war

  • 7.5K foreign fighters are believed to be in Syria at this very moment, from more than fifty countries, fighting for the various factions taking part in the civil war that continues to ravage most of Syria. 
  • 1.8K of those fighters are believed to be of European origin, according to a recent report from Israel’s Meir Amit Intelligence and Terrorism Information Center.
  • 50+ fighters from the United States are also believed to be in Syria and, given the fact that al Qaeda is believed to be training fighters inside the country’s borders, many nations fear the influx of foreign fighters could lead to new acts of terrorism when the fighters return home. source
18:23 // 7 months ago

New CBO report more than doubles projected ACA job losses

  • 800K jobs were expected to disappear from the U.S. economy by 2021, as a direct result of the Patient Protection and Affordable Care Act, according to original estimates from the non-partisan Congressional Budget Office.
  • 2M jobs will actually disappear, most of which will be low-wage positions, according to revised projections from the CBO that were released on Tuesday. The new report takes into account a number of potential circumstances that the original report did not deal with, including the likelihood some people will choose unemployment and Medicaid instead of a job with reduced wages. source
14:01 // 7 months ago
January 30, 2014
22:58 // 7 months ago
We will not break the law to enforce the law. That’s my solemn promise to every New Yorker, regardless of where they were born, where they live, or what they look like. Those values aren’t at odds with keeping New Yorkers safe — they are essential to long-term public safety.
NYC Police Commissioner William J. Bratton • Promising to abandon the New York Police Department’s unconstitutional stop-and-frisk policies during a press conference at Brownsville Recreation Center. The conference also doubled as a platform for New York Mayor Bill de Blasio to announce an out-of-court settlement with civil rights lawyers that had sued the city as a result of the controversial NYPD policy. source
15:44 // 7 months ago
15:13 // 7 months ago
January 29, 2014
22:27 // 7 months ago

U.S. House greenlights $956 billion for new farm bill

  • $956B in funding for the nation’s latest farm bill was approved in a bipartisan vote on Wednesday, though more than 100 Democrats and 60 Republicans voted against the measure. The bill is expected to be approved by the Senate, and President Obama has already said he will sign the bill if/when approved.
  • $23B was shaved from the country’s farm and nutritional title programs, nearly six times the $4 billion that Democrats were aiming for, but that’s still astronomically lower than the $160 billion that House Republicans originally requested.
  • $8.6B was cut from the Supplemental Nutritional Assistance Program (SNAP) budget by raising the program’s home heating auto-qualification rules to only cover people receiving $20 per month (or more) in heating assistance from the federal government. The program originally covered anyone receiving any amount over one dollar. source
22:06 // 7 months ago