A federal judge nixed a $285 million settlement agreement between Citigroup and the Securities and Exchange Commission involving a major financial case. U.S. District Court Judge Jed Rakoff said the proposed agreement is "neither far, no reasonable, nor adequate, nor in the public interest." Under the deal, Citi would have settled charges that it misled investors in mortgage debt prior to the collapse of the housing market. Rakoff has been a persistent critic of the SEC's oversight of Wall Street. Guy Raz talks to NPR's Jim Zarroli for more.
Urban Meyer, who led the Florida Gators to two national football championships, will indeed be taking the head coaching job at Ohio State, according to reports from The Columbus Dispatch, ESPN and several other news outlets. There's a news conference at the school scheduled for 5:15 p.m. ET.
Thu. 12/1 8a: What do you see when you see someone with a disability? Are you disabled and do people see you or treat you differently as a result? This week on the KUNM Call In Show a discussion the visibility of disability. Questions or comments? Email firstname.lastname@example.org.
There's no need for 18-year-old Emma Sullivan to apologize and his staff overreacted by telling officials at her high school that the teen had tweeted about how the governor "sucked," Kansas Gov. Sam Brownback (R) said today.
Shoppers stormed retail stores this past weekend, and now on Cyber Monday, many are clicking their way to more purchases.
"I am definitely a price-based shopper," said Sarah Kelly, a 28-year-old Washington, D.C., resident who bought a KitchenAid mixer Monday morning as a holiday gift. She also bought shoes, clothes and other presents after waking early to search for online coupons and shipping offers. "I only purchase if the shipping is free," she said.
Bloomberg ran quite a story, yesterday. It stems from a Freedom of Information Act Request that yielded the details of previously secret borrowing from the federal government to the biggest banks.
The bottom line, reports Bloomberg, by March of 2009, the Fed had committed $7.77 trillion "to rescuing the financial system, more than half the value of everything produced in the U.S. that year." The lending began in August of 2007.