6/22/2015 Education reform will be a hot topic in Congress as early as this week as dual bills will likely be debated, continuing but offering modifications to the controversial Elementary and Secondary Education Act. The original Elementary and Secondary Education Act was signed into law by President Johnson as a “War on Poverty” measure
6/18/2015 Following the June 8th midnight deadline to file claims involving British Petroleum’s (BP) Deepwater Horizon oil spill in the Gulf of Mexico, 10 claims centers operating through the country will be closing on Friday, June 19th. The offices opened shortly after the 2012 settlement was announced, and have remained open past the claims deadline
6/18/2015 The U.S. Court of Federal Claims ruled that the government acted illegally when it acquired stock during its $85 billion bailout of insurance giant, American International Group (AIG). Although a win for AIG’s former longtime CEO, Maurice R. “Hank” Greenberg, he considers it to be only a moral victory, as Judge Thomas C. Wheeler
6/18/2015 The House of Representatives will vote Thursday to repeal two controversial provisions to the Affordable Care Act (ACA), better known as Obamacare. Amidst a considerable degree of bipartisan support, Ways and Means Committee chairman, Paul Ryan (R-WI) successfully advanced measures to a vote earlier this month to cut the unpopular 2.3 percent tax on
6/17/2015 America is a land of wacky museums, including ones honoring Pez dispensers, barbed-wire, and even the Museum of Bad Art in Massachusetts, but there is no law museum despite there being myriads of museums dedicated to similarly significant professions. That is about to change, however, as legendary consumer advocate and not-so-legendary presidential candidate, Ralph
6/17/2015 Four more banks have agreed to settlements in a massive, two-year long ordeal regarding manipulation of the $5.3 trillion currency market. HSBC, Goldman Sachs, Barclays, and BNP Paribas all signed settlement agreements this week. HSBC agreed on a $285 million settlement, Barclays settled for $375 million, Goldman Sachs is finalizing an agreement estimated to
6/17/2015 Bill Belichick might be quite upset to hear that a new sports franchise has allegedly taken cheating to the next level. The FBI is investigating baseball’s St. Louis Cardinals for allegedly hacking into a rival team, the Houston Astros’ information database, stealing important information about players and others involved in the organization. Although sign-stealing
6/16/2015 It appears that the wave of high-level consolidations in the business world has now carried over to the nation’s top health insurers. United Healthcare, by far the industry leader, has approached Aetna, the U.S.’s third-largest health insurer, this week in early discussions of a merger. Anthem, the country’s second-leading health plan provider has also
6/15/2015 The House of Representatives’ Committee on Oversight and Government Reform will conduct a hearing Tuesday on the recent announcements of major data breaches involving the U.S. Office of Personal Management (OPM), essentially the “human resources” division of the U.S. Government. Many in congress are extremely worried about, not only the department’s security vulnerabilities, but of
6/15/2015 Although the Federal Communications Commission (FCC) has been defeated by the courts twice before in very public fashion over the issue of net neutrality; new rules proposed by the FCC in February quietly went into effect on Friday, June 12th. This comes as a three-judge panel from the D.C. Circuit Appeals Court denied a