This week, JPMorgan Chase agreed to a $13 billion settlement with the Justice Department over the sale of faulty mortgage securities that led to the financial crisis. It's the largest settlement with a single company in U.S. history.
From that settlement, $4 billion must go to help the millions of families who saw the values of their homes plummet and who still struggle to keep up with mortgage payments.
After a fierce bidding war, FX spinoff cable network FXX won the rights to make all seasons of TV's longest-running scripted show, The Simpsons, available for online streaming. It may be the largest TV syndication deal ever. Anthony Breznican, a senior writer at Entertainment Weekly, says the deal shows how networks are trying to capitalize on the "binge watching" trend. The deal gives FXX the right to air more than 500 episodes of The Simpsons, now in its 25th season on Fox.
In Afghanistan, a grand assembly of some 2,500 tribal elders, politicians and civil society elites are meeting to decide whether to approve a security agreement with the United States. Approval by the grand assembly, called a loya jirga, would be in addition to the OK of the Afghan government. But as U.S. Secretary of State John Kerry has noted, the agreement can't go forward without the backing of the Afghan people. The security agreement would allow as many as 9,000 U.S. troops to remain in Afghanistan after the current NATO mission ends next year.
Nicholas Dawidoff's Collision Low Crossers: A Year Inside the Turbulent World of NFL Football may be the best book I've ever read about football. It is certainly the most detailed account of the players inside the helmets and the coaches obscured from an enthralled public by large, laminated playsheets.
Former chemist Annie Dookhan began serving a 3-to-5 year sentence in a Massachusetts prison on Friday after pleading guilty to falsifying tests of drug evidence and helping to create one of the nation's largest drug lab scandals.
Massachusetts Attorney General Martha Coakley says the state is taking steps to improve forensic testing:
"It is certainly lessons learned," she says. "We hope that we've made changes in the system that will mean this unique case will not happen again in Massachusetts."
Public transit vehicles may be the key to China's success in the U.S. auto market. Chinese company BYD, based in Shenzhen, is manufacturing electric buses. It's an appealing option for a place like California, where emission standards are strict.
At BYD's North American headquarters in Los Angeles, one of the 40-foot electric K9 buses sits on display. BYD Fleet Sales Manager James Holtz sits in the driver's seat and pushes the power button on the dashboard.
Originally published on Sat November 23, 2013 3:11 pm
The relationship between Egypt and Turkey took a big hit today, when Egypt announced it was expelling the Turkish ambassador, and Turkey responded in-kind, declaring the Egyptian ambassador "persona non grata."
Originally published on Sat November 23, 2013 11:36 am
Just a day after his agency said it was reviewing "outdated and restrictive rules" banning the use of cellphones during flights, the chairman of the Federal Communications Commission is tempering his statement.
"We understand that many passengers would prefer that voice calls not be made on airplanes," Tom Wheeler, who was confirmed for the job in late October, said in a statement on Friday. "I feel that way myself."
Originally published on Sun November 24, 2013 9:15 am
The anti-poverty group Oxfam is asking Pepsi's shareholders to approve a resolution that, if passed, would force the company to disclose its sugar suppliers and investigate whether those suppliers are implicated in "land grabs" that unfairly take land from the poor.
Since former National Security Agency contractor Edward Snowden leaked classified information about the agency's intelligence-gathering activities last summer, the NSA has been bombarded with requests for its records.
USA Today this week said the agency received more than 2,500 requests for records from July to September, compared to about 250 from January to March.
Originally published on Sat November 23, 2013 11:25 am
Based on witness interviews, public records and surveillance video, The Miami Herald dropped a stunning story on Friday: It alleges that for years, the Miami Gardens Police Department has racially profiled the clients and employees of a convenience store in the Miami-area city.