A decision by a federal judge paves the way for the forfeiture of a 36-story Manhattan building that the U.S. alleges is secretly owned and controlled by the government of Iran.
The court agreed with the United States Attorney for the Southern District of New York that the owners are a front for the Iranian government and therefore in violation of the International Emergency Economic Powers Act, which restricts commerce with Iran.
It all started out so promisingly. She was young, still in her teens, and she'd landed her first job. As is the custom in Brazil, to get your salary you have to open an account with the bank the company deals with — and with that new account came the woman's first credit card.
"The banks say, 'I want to help you,' " she says. "And if you have a credit card, it's a status symbol, you are well-regarded."
She switched jobs. That company dealt with another bank — which issued her another credit card. She got a store credit card, too.
Now that Larry Summers has withdrawn his name from consideration to lead the Federal Reserve, Janet Yellen, Vice Chair of the Fed, has emerged as the frontrunner. For more on Yellen and her career, Audie Cornish talks with Alan Blinder, a professor of economics at Princeton University.
Originally published on Tue September 17, 2013 6:17 pm
A gunman shoots up a military facility, kills a dozen people and puts a fair chunk of the nation's capital on lockdown.
The political response to Monday's massacre at the Navy Yard in Washington?
Measured, bordering on muted.
From the words of the president to those on both sides of the gun control debate, caution has been the rule, with even the sharpest partisans tending to hold their tongues in the hours still suffused with tragedy.
Originally published on Thu September 19, 2013 6:29 pm
This medical case may give a whole new meaning to the phrase "beer gut."
A 61-year-old man — with a history of home-brewing — stumbled into a Texas emergency room complaining of dizziness. Nurses ran a Breathalyzer test. And sure enough, the man's blood alcohol concentration was a whopping 0.37 percent, or almost five times the legal limit for driving in Texas.
There was just one hitch: The man said that he hadn't touched a drop of alcohol that day.