Fannie Mae Reports $5.1 Billion Quarterly Loss, Asks Government For More Money
Mortgage giant Fannie Mae is asking the Treasury Department for an additional $7.8 billion after a Q3 net loss of $5.1 billion. Last year during the same period the company’s losses were just $1.3...
View ArticleHerman Cain Accuser Karen Kraushaar Wants Other Women To Come Forward
Karen Kraushaar hoped to remain anonymous after she came forward with another female employee of the National Restaurant Association to file a sexual harassment claim against Herman Cain but her...
View ArticleOhio Voters Reject Collective Bargaining Law, Protect Union Workers
Ohio voters on Tuesday rejected a Republican backed plan to dismantle much of the states union-backed collective bargaining rights. The bill was defeated after an expensive campaign was mounted by the...
View ArticleWest Hollywood City Council Bans Fur
In a historic vote on Tuesday city council members in West Hollywood passed a law which bans the sale of fur-based clothing apparel within city limits. In the previous two meetings regarding the issue...
View ArticleAdobe To Layoff 750 Workers, Will Shift Focus Digital Media and Marketing
Adobe, Inc. will lay off 750 full-time employees in the coming months and shift their focus towards digital media and marketing. In a press release on Tuesday company officials say their restructuring...
View ArticleGalleon Group Founder Ordered To Pay Additional $92.8 Million [Civil Lawsuit]
Raj Rajaratnam, founder of the Galleon Group hedge fund, received the longest-ever sentence for insider trading last month and now he’s broken another record. Rajaratnam on Tuesday was ordered to pay...
View ArticleFive Charged Over Dead Lion Theft
Five people have been charged after allegedly attempting to steal the carcass of a lion from a compound in Zanesville, eastern Ohio. The lion was shot dead last month after its owner, Terry Thompson,...
View ArticleFur Ban in West Hollywood is First of Its Kind
If you opened this article hoping someone, somewhere had finally taken the initiative to ban furries, I’m afraid you will be leaving sadly disappointed. Yes, there is a fur ban in West Hollywood, but...
View ArticleOccupy March Planned From NYC to DC
Since the Occupy Wall Street protests began nearly two months ago in New York- spreading to several other cities in the US and across the world and sparking an intense amount of online attention and...
View ArticleFast and Furious scandal: Eric Holder admits to errors in ATF report
On Tuesday, the Senate grilled Attorney General Eric Holder on his knowledge of the ATF’s botched gun trafficking sting that resulted in upwards of 1,800 weapons making their way across the border to...
View ArticleBering Sea Storm Slams Western Alaska with Icy, Hurricane-Force Winds
One of the worst Bering Sea storms on record hit the western Alaska coast early Wednesday with high winds and surging seas, the National Weather Service said. Authorities say that the powerful storm,...
View ArticleRyanair Wants Porn Available On Flights
When it comes to squeezing every penny out of their customers pocket nobody does it better than Ryanair, first they announced plans to charge for bathroom use, then they said they would remove most of...
View ArticleScott Walker Renames “Holiday Tree” as “Christmas Tree”
Wisconsin Governor Scott Walker is under hot water once again but this time it’s not for killing collective bargaining or messing further with unions but rather for the mundane reason that he renamed...
View ArticleMadoff Victims File $19 Billion Lawsuit Versus JPMorgan Chase
Former customers of Ponzi scheme kingpin Bernie Maddoff has filed a class action lawsuit against JPMorgan Chase & Co. hoping to recover $19 billion. The Maddoff victims claimed that the bank...
View ArticleToyota Recalls 550k Cars Over Steering Issue
Toyota Motor Corp. issued a recall Wednesday for about 550,000 vehicles worldwide — the majority of those (Approx. 447k) being in the U.S. — after the company detected a potential flaw that may...
View ArticleOccupy Oakland Attacks Wells Fargo Then Deposits $20,000
In a true sign that the “Occupy” movements are not as connected as they should be Occupy Oakland protesters this week deposited $20,000 at a Wells Fargo location, the very type of big bank institution...
View ArticleAnheuser-Busch Announces Bud Light Platinum, Targets Craft Beer Market
Anheuser-Busch on Wednesday announced Bud Light Platinum a new light beer option with a robust amount of alcohol. According to the company the new beer features 6% alcohol by volume while providing 137...
View ArticleChristmas Tree Tax Axed After GOP Criticism
A proposed 15-cent per tree Christmas tree tax was abandoned this week by the U.S. Department of Agriculture (USDA) after coming under fire by various right wing groups. Under the proposed plan big...
View ArticleRaul Castro’s Daughter in Twitter Spat with Dissident Cuban Blogger
Raul Castro’s daughter Mariela Castro, also the niece of Cuban leader Fidel Castro, has made her debut on Twitter and walked straight into an argument. The 49-year-old Castro, Cuba’s leading gay rights...
View ArticleNome, Alaska Feels the Brunt of Massive Bering Sea Storms
Nome seems to have received the biggest battering from the Bering Sea mega-storm that pummeled Western Alaska on Wednesday. The Alaskan city, population 3,600, was the focus point of the storm, which...
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