It´s been almost five years since AIG´s stock dropped 60 percent in a day leaving the company doomed to failure, when Uncle Sam swooped in with $182 billion to rescue it. But AIG must have a short memory, because on Monday night news emerged that the insurance company is actually thinking about suing the U.S. government over the bailout that saved it. The board will discuss the idea with shareholders at a meeting on Wednesday. RELATED: The U.S. Made $22 Billion Bailing Out AIG It´s not so much that AIG´s mad the government bailed them out. Link repaired by staff
I thought the timeline was the NY Attorney Elliot "Client 9" Spitzer was trolling for votes when he casually bullied the AIG founder from is office (Greenberg) from his office. No charges were ever filed. Then when the derivatives crash happened the guy at AIG who put the portfolio together was no longer there.
Thanks "Client 9" Spitzer. How´s your latest career doing?
Common sense tells me that cops don´t need a Taser or a shotgun to subdue a 95-year-old man. When John Wrana was a young man, fit and strong and fighting in World War II with the U.S. Army Air Corps, did he ever think he´d end this way? Just a few weeks shy of his 96th birthday, in need of a walker to move about, cops coming through the door of his retirement home with a Taser and a shotgun.
Gov. Pat Quinn signed a measure into law Thursday aimed at bringing the long-stalled south suburban airport a step closer to reality. The legislation is intended to resolve battles over which local government would be in charge of the airport by giving the Illinois Department of Transportation the power to enter into public-private contracts for the development, financing, construction, operation and maintenance of a third regional airport near Peotone in Will County.
CROWN POINT | A Lake Superior Court jury deliberated some three hours Thursday before finding an East Chicago man not guilty of murdering 21-year-old Lisa Puente. Jurors also acquitted Antonio Perkins, 23, of attempted murder of Puente´s boyfriend, who had identified Perkins as the shooter. Puente was shot in July 2011 while riding in a car with her boyfriend after a brief altercation between the man and Perkins at an East Chicago gas station. (Snip) Puente´s boyfriend told police he and Perkins had exchanged words inside the gas station before Perkins followed the couple´s car at high speed, firing
CHICAGO (AP) — Chicago Mayor Rahm Emanuel is appointing a state lawmaker to fill her father´s long-held city council seat. Deborah Mell´s appointment was announced Wednesday. She´ll replace Dick Mell, who´s retiring after almost four decades. Emanuel says the progressive state representative is "breaking class ceilings" as the council´s first openly lesbian member. The appointment created a sticky situation for Emanuel, who touted his efforts to change the way business has always been done at City Hall, by hiring based on merits, not by who´s related to whom and who´s owed a favor. The mayor has said Deborah Mell was never guaranteed the job because
A seventh-grade boy was allegedly raped by another male student during gym class at Barack Obama Global Preparation Academy in Los Angeles two weeks ago. The 13-year-old boy, identified only as Julian, is a special-needs student at the middle school, reports KTLA. He has the mental capacity of a six-to-eight year old. The boy’s parents, who are also only identified by their first names, announced plans to to sue the Los Angeles Unified School District on Monday. At a press conference, Brian Claypool, an attorney retained by the family, said that Julian’s physical education teacher left Julian unsupervised during class.
You may have heard that White House tours were cut due to across-the-board federal spending cuts known as the sequester. Or that Congress made sure to minimize disruptions to air travel. Or perhaps you know someone being furloughed as a result of the cuts. But did you know a major fight is being waged over sequester cuts to some cancer drugs? After Congress failed to pass a budget this spring, a 2 percent cut to Medicare chemotherapy drug reimbursements went into effect April 1 as part of the across-the-board federal spending cuts designed to save $85.4 billion this year.
VALPARAISO | A developmentally disabled woman from Portage and her mother broke down in tears Thursday morning after a judge told them the disabled woman would not be allowed to leave the jail to return home while her theft case proceeds. Porter Superior Court Judge Roger Bradford said it is not working out keeping 35-year-old Crystal Patrick at home. He said the woman has earlier charges pending. While acknowledging jail is not a good solution for the autistic woman, Bradford said it will have to do until arrangements can be made to move Patrick to a facility with better supervision.
It´s "a cliché" to say that America "is the greatest country on Earth," Pres. Obama told a DNC event in New York City on Monday. "And more than anything, what I will be striving for over the next three and a half years is to see if that spirit that I saw in Boston and West, Texas, if we can institutionalize that, if we can create a framework where everybody is working together and moving this country forward. "Now, the good news is that if we do that, we´ve got the best cards of any country on Earth --
A high school student is fighting back after her senior photo was pulled from the school yearbook. The photo shows North Carolina senior Caitlin Tiller holding her now one-year old son. The school asked students to have their picture taken with something that best represents them or an achievement. Tiller chose her son because he represented her drive to stay in school. The school didn´t see it that way. Caitlin says she was told the picture promoted teen pregnancy. She sees it as a symbol of responsibility and love. "They should be proud that the students are willing to stay in school
A man whose bid to become a police officer was rejected after he scored too high on an intelligence test has lost an appeal in his federal lawsuit against the city. The 2nd U.S. Circuit Court of Appeals in New York upheld a lower court’s decision that the city did not discriminate against Robert Jordan because the same standards were applied to everyone who took the test. “This kind of puts an official face on discrimination in America against people of a certain class,” Jordan said today from his Waterford home. “I maintain you have no more control
Washington - The first draft was as mind-numbing as a tax form. Tuesday the Obama administration unveiled simplified application forms for health insurance benefits coming next year under the federal health care overhaul. The biggest change: a five-page short form that single people can fill out. That total includes a cover page with instructions, and an extra page to fill out if you want to designate someone to help you through the process. But the application form for families still runs to 12 pages, although most households will not have to fill out each and every page.
For many patients, getting a second medical opinion is a common and often recommended endeavor; it helps people to get the most accurate diagnosis possible. But for one couple, the decision to get a second opinion for their baby boy’s illness ultimately resulted in police forcibly removing the infant from their California home, RT.com reported. Anna and Alex Nikolayev, a young Russian couple living in Sacramento, took their 5-month-old son Sammy to Sutter Memorial Hospital in Sacramento when he started to exhibit flu-like symptoms. The Nikolayevs had been taking Sammy to Sutter Memorial since his birth, when had been diagnosed with a
New Jersey Governor Chris Christie holds a narrow lead among Republicans for the party’s 2016 presidential nomination, but even more GOP voters say he’s the candidate they least want to see nominated. A new Rasmussen Reports national telephone survey finds that Christie earns 21% support when Republican voters are asked whom they would vote for if the party’s primary in their state were held today. Florida Senator Marco Rubio runs a close second with 18% of the GOP vote, followed by former Florida Governor Jeb Bush at 16% and Kentucky Senator Rand Paul with 15% of the vote.
Barack Obama delivered one gaffe after another in his August 6 interview with Jay Leno, but the networks that usually mock every mistake or slip of the tongue made by Republicans ignored the President´s verbal mishaps. ABC´s Good Morning America, CBS´s This Morning and NBC´s Today show, on Wednesday morning, all bypassed the chance to criticize Obama for: downplaying the threat of terrorism; falsely claiming Vladimir Putin once ran the KGB; placing the Atlantic coast cities of Savannah, Charleston and Jacksonville on the Gulf of Mexico; confusing the Winter Olympics with the Summer Olympics. First up, on the
WASHINGTON — U.S. officials insisted Tuesday that extraordinary security measures for nearly two dozen diplomatic posts were to thwart an “immediate, specific threat,” a claim questioned by counterterrorism experts, who note that the alert covers an incongruous set of nations from the Middle East to an island off the southern coast of Africa. Analysts don’t dispute the Obama administration’s narrative that it’s gleaned intelligence on a plot involving al Qaida’s most active affiliate, the Yemen-based Arabian Peninsula branch. That would explain why most U.S. posts in the Persian Gulf are on lockdown, including the U.
Critics of the president are convinced that Barack Obama will do lasting damage to the U.S. I doubt it. Obama came to power in the third year of large Democratic congressional majorities. In his first referendum, he lost the House and he may soon lose the Senate; in other words, there followed a somewhat normal reaction against a majority party. Obama’s popularity rating is well below 50%, despite an obsequious media and a brilliantly negative billion-dollar campaign that long ago turned Mitt Romney into a veritable elevator-using, equestrian-marrying, canine-hating monster. In the second term, there is little
Former Republican presidential nominee Mitt Romney jumped into the debate over the GOP’s future Tuesday night, warning congressional Republicans against forcing a government shutdown in their quest to stop President Barack Obama’s signature health care law. Romney addressed more than 200 donors on the shores of Lake Winnipesaukee at a fundraiser for the New Hampshire Republican Party, staged just four miles from the vacation home where he has spent much of the summer with his family. The event was closed to the media, but his office released his prepared remarks.
Ending a war is a good thing. Killing civilians a bad thing. Deliberately targeting civilians is murder, and is never morally licit, even in pursuit of a good thing such as ending a war. The tens of thousands of Japanese non-combatants we killed 68 years ago this week with two nuclear bombs were not “collateral damage” of military strikes. They were the intended targets. We hoped that mass murder would bring the Japanese emperor to surrender. It worked, and American and Japanese soldiers’ lives were probably saved by it —
Last month we learned that Megyn Kelly was leaving her daytime anchor gig to take over a Fox News primetime slot. According to an “exclusive” Drudge Report flash this afternoon, that time slot will be 9 p.m. ET. “Superstar newswoman Megyn Kelly has landed the 9 PM slot, top sources reveal,” the Drudge Report wrote. “The shock announcement is set for later this month.” Fox’s 9 p.m. hour is currently helmed by Sean Hannity, leading to speculation over whether he could be out of a primetime gig. There are many possible outcomes from this lineup change,
The U.S. State Department issued a global alert about the terrorist threat allegedly posed by Al-Qaeda in Yemen. The USA announced the closure of its missions in the Middle East and Africa, and their example was followed by France, Britain, and Germany. However, this was only an attempt to justify the activities of the National Security Agency.Last Saturday, right after alerting of the terror threat civilians and BOLO complex ("be on the lookout") that includes law enforcement and federal officials, President Barack Obama went to play golf, and then celebrated his birthday at the presidential retreat at Camp David.
Over the last week, there has been a lot of buzz about a supposed CIA angle to the Benghazi story. Specifically, it has been alleged that a substantial number of CIA employees were on the ground in Benghazi, carrying out a mission that involved rounding up Libyan weapons and transferring them to rebels in Syria. Further, it has been reported that the CIA has leaned on its employees not to cooperate with Congressional investigations or the media, and it has been suggested that the CIA’s role in Benghazi may be related to the al Qaeda
In a rare diplomatic snub, President Obama is canceling plans to meet with Russian President Vladimir Putin in Moscow next month. The decision reflects both U.S. anger over Russia´s harboring of National Security Agency leaker Edward Snowden and growing frustration within the Obama administration over what it sees as Moscow´s stubbornness on other key issues, including missile defense and human rights. Obama will still attend the Group of 20 economic summit in St. Petersburg, Russia, but a top White House official said the president had no plans to hold one-on-one talks with Putin while there.
In a move some claim is tantamount to social engineering, the Department of Housing and Urban Development is imposing a new rule that would allow the feds to track diversity in America’s neighborhoods and then push policies to change those it deems discriminatory. The policy is called, "Affirmatively Furthering Fair Housing." It will require HUD to gather data on segregation and discrimination in every single neighborhood and try to remedy it. HUD Secretary Shaun Donovan unveiled the federal rule at the NAACP convention in July. "Unfortunately, in too many of our hardest hit communities, no matter how hard
Retired 68-year-old US Army general and former NATO Supreme Allied Commander Wesley K. Clark has won yet another esteemed decoration — he is dating 30-year-old Shauna Mei, the founder of online retailer AHAlife.com. Clark, who was married to Gertrude Kingston Clark for 45 years before filing for divorce last year, is spending time with the young New York-based entrepreneur, who graduated from MIT and worked at Goldman Sachs as an investment banker before launching her luxury e-commerce site. Clark and Mei were spotted together recently in the Hamptons,