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Big GOP Donors Accused of Stock Fraud
Samuel Wyly and Charles Wyly -- Texas billionaire brothers who have spent millions funding Republican political campaigns -- committed violations of federal securities laws and fraud by using offshore accounts to secretly trade the shares of public companies whose boards they sat on, reaping more than $550 million in profit, according to a Securities and Exchange Commission complaint filed Thursday. The politically-active Wylys have faced questions in recent years -- including a Senate probe -- about whether they ran an extensive network of tax shelters. "
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Repubs Block Small Business Loan Bill
Senate Republicans blocked a bill to increase small business lending Thursday, a bill would create a $30 billion government fund to help community banks increase lending to small businesses along with about $12 billion in tax breaks aimed at small businesses. Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans to small businesses, helping to loosen tight credit markets.
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Pardon for Billy the Kid?
New Mexico Gov. Bill Richardson is considering granting a posthumous pardon to Billy the Kid, almost 130 years after his infamous July 14, 1881, showdown with frontier lawman Pat Garrett. The possibility angers three of Garrett's grandchildren. "If Billy the Kid was living amongst us now, would you issue a pardon for someone who made his living as a thief and, more egregiously, who killed four law enforcement officers and numerous others?" they write.
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Portland Clears Gore of Sex Allegation
Portland, Ore., police and the Multnomah County District Attorney's office have cleared Al Gore of criminal wrongdoing in the sex assault case filed by masseuse Molly Hagerty. "After evaluating the materials submitted by PPB I have concluded that I agree with the assessment that a sustainable criminal case does not exist," said District Attorney Michael D. Schrunk.
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Perry $500,000 Land Deal Under Scrutiny
Three years after Texas Gov. Rick Perry's biggest real estate score, questions persist about whether the governor benefited from favoritism, backroom dealing and influence-buying. The Dallas Morning News found evidence that Perry's investment was enhanced by a series of professional courtesies and personal favors from friends, campaign donors and the head of a Texas family with a rich history of political power-brokering. Together they may have enriched Perry by almost $500,000, according to an independent real estate appraisal commissioned by The News.
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Colbert: Here's Your Trickle Down
Steven Colbert explains the looming "tax bomb" for the wealthiest 3 percent of Americans facing the expiration of the Bush tax cuts, as well as "trickle down" economics. "A Tax bomb! Quick, rich people, to your tax shelters! That's why we have them."
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Fred Barnes Paid Thousands by GOP
Fred Barnes, a former reporter and Fox News pundit who sharply criticized Journolist members for breaking their objectivity by being on the Democrats' "team," has accepted huge fees from Republican party organizations to speak at their events. "Barnes not only routinely helped Republicans raise money as a banquet speaker, but accepted tens of thousands of dollars from party organizations," Joe Conason writes on Salon.
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Candidate: 'My Children Don't Look Hispanic'
Brian Sandoval, a Republican gubernatorial candidate in Nevada, told a Univision reporter that he doesn't fear his family being stopped under Arizona's immigration law because "my children don't look Hispanic." The remarks were not aired by Univision but came to light in an El Tiempo newspaper column about Sandoval by news director Adriana Arevalo.
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Iowa GOP Plots to Strip Obama's Citizenship
Among the 387 planks of the Republican Party of Iowa's platform is a bizarre plan to strip President Barack Obama of his citizenship for accepting the Nobel Peace Prize. The Republicans want to restore the original 13th Amendment, which was never ratified and replaced by one that banned slavery, to ensure "that the United States never again suffers the humiliation of having a president win the Nobel Peace Prize," writes Jerry Adler of Newsweek.
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House Dem Goes Ballistic
During House debate on a $7.4 billion bill to provide health care aid to 9/11 first responders, which later was defeated, Rep. Anthony Weiner (D-NY) angrily denounced Republicans for using procedural excuses for opposing the bill. "It's Republicans wrapping their arms around Republicans, rather than doing the right thing on behalf of the heroes!" he thundered. "You vote yes if you believe yes! You vote in favor of something if you believe it's the right thing! If you believe it's the wrong thing, you vote no!"
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Nurse Charged with Killing Her 8 Newborns
A French Nurse is charged with putting her eight newborn babies in plastic bags and suffocating them to death then hiding their bodies around the house. "She explained that she didn't want any more children and that she didn't want to see a doctor to take contraceptives," said prosecutor Eric Vaillant.
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Obama: African-Americans are a 'Mongrel People'
President Obama waded into the national race debate in an unlikely setting and with an unusual choice of words: telling the daytime talk show hosts on The View that African-Americans such as himself are "sort of a mongrel people." He added, "I mean we're all kinds of mixed up. That's actually true of white people as well, but we just know more about it."
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Rangel Faces 13 Ethics Charges
Kicking off what promises to be a politically perilous process, the House ethics committee on Thursday officially lodged 13 different charges against Rep. Charles B. Rangel (D-N.Y.), including that he used his office to raise more than $8 million for a college public policy center named after him.
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Author: Monogamy is Not Natural
Humans aren't supposed to be monogamous, argues psychologist Christopher Ryan in the new book Sex at Dawn. "[C]ouples are led to believe that waning sexual passion in enduring marriages or sexual interest in anyone but their partner portend a failed relationship, when in reality these things often signify nothing more than that we are Homo sapiens," writes Ryan. "This is a problem because there is no reason to believe monogamy comes naturally to human beings."
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