Monday, November 26, 2012

New York, New Jersey put $71 billion price tag on Sandy

New York, New Jersey put $71 billion price tag on Sandy


New York, New Jersey put $71 billion price tag on Sandy

Posted: 26 Nov 2012 04:21 PM PST

New York City Mayor Michael Bloomberg speaks during a press conference announcing the re-opening of 12 schools in the Rockaways and Brooklyn at P.S. 43 in the Far Rockaway section of the Queens borough of New York(Reuters) - New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which could grow, came as New York Governor Andrew Cuomo said on Monday the state will need $41.9 billion, including $32.8 billion to repair and restore damaged housing, parks and infrastructure and to cover lost revenue and other expenses. The figure also includes $9.1 billion to mitigate potential damage from future severe weather events, Cuomo said. ...


Judge merges lawsuits against cinema chain in Colorado shootings

Posted: 26 Nov 2012 06:17 PM PST

The Century 16 movie theater where 12 were killed and dozens injured on July 20, 2012 is pictured in AuroraDENVER (Reuters) - A federal judge in Denver on Monday ordered the consolidation of seven lawsuits brought against the Cinemark theater chain by survivors and relatives of those killed in a shooting rampage in which 12 moviegoers were slain as they watched a Batman film. U.S. District Judge R. Brooke Jackson also set May 5, 2014, as the earliest start date that any of the personal injury and wrongful death claims against Cinemark could proceed to trial. ...


Schapiro stepping down at SEC, Walter to step in

Posted: 26 Nov 2012 05:23 PM PST

Mary Schapiro, chairman of the Securities and Exchange Commission, testifies before a House Financial Services Committee hearing on "Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss" in WashingtonWASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission, Mary Schapiro, will step down next month after a tumultuous four years spent rehabilitating the agency's battered reputation, handing the reins temporarily to a close ally. SEC Commissioner Elisse Walter, a career regulator who has sided with Schapiro on most of the critical issues before the agency, was named chairman-designate and could serve until December 2013, buying time for President Barack Obama to win Senate approval for a long-term replacement. ...


Navy moves ahead to replace presidential helicopters

Posted: 26 Nov 2012 03:56 PM PST

U.S. President Obama boards Marine One before departing for a trip to Thailand, Burma and Cambodia from the White HouseWASHINGTON (Reuters) - The U.S. Navy is moving forward with a long-delayed effort to replace the aging fleet of Marine One helicopters that transport the U.S. president, with the first of the new aircraft slated to enter service in 2020. The Navy's last attempt to buy a new presidential helicopter ended in 2009, when then-Defense Secretary Robert Gates cancelled a program run by Lockheed Martin Corp after numerous requirement changes threatened to double the cost of the program to more than $13 billion. ...


With "fiscal cliff" deadline nearing, parties still at odds

Posted: 26 Nov 2012 02:59 PM PST

U.S. President Obama attends the 4th ASEAN-U.S. Leaders' Meeting in Phnom PenhWASHINGTON (Reuters) - Republicans in the U.S. Congress on Monday called on President Barack Obama to detail long-term spending cuts to help solve the country's fiscal crisis, while holding firm against the income tax rate increases for the wealthy that Democrats seek. In a further sign of tense relations between negotiators who are trying to avert a year-end "fiscal cliff" of steep tax increases and spending cuts, the White House expressed doubts that "balanced" deficit reductions can be achieved merely by limiting tax breaks and cutting spending, as Republicans propose. ...


Bankrupt San Bernardino to halt payments to Calpers, bondholders

Posted: 26 Nov 2012 06:22 PM PST

A concrete sign marks the city limits for San Bernardino, CaliforniaSAN BERNARDINO, California (Reuters) - Bankrupt San Bernardino, California, voted on Monday to present a plan to a bankruptcy judge that seeks to balance its budget through deferring payments to the state's public employee pension fund and to the city's bondholders. San Bernardino's council passed the plan after the judge overseeing its request for bankruptcy protection demanded an orderly budget be filed in court by Friday, November 30. ...


California man accused in plot to join al Qaeda denied bail

Posted: 26 Nov 2012 03:57 PM PST

RIVERSIDE, California (Reuters) - A California man accused alongside three co-defendants of conspiring to provide support to al Qaeda and Taliban militants plotting attacks against Americans overseas was ordered held without bail on Monday by a federal judge. Arifeen David Gojali, 21, was arrested with two others last week outside a southern California apartment complex by authorities who said the trio had imminent plans to travel to Afghanistan via Mexico and Turkey to prepare for "violent jihad. ...

Chicago offers to pause school closings after 2013 cuts

Posted: 26 Nov 2012 04:18 PM PST

CHICAGO (Reuters) - Chicago Mayor Rahm Emanuel said on Monday he wants a five-year moratorium on closing public schools after anticipated cuts in 2013, but the teachers union called his gesture a "sleight of hand." The third-largest school district in the United States, which was hit with a strike by public school teachers in September, was already facing a financial crisis that was made worse by granting pay rises to teachers. The school district forecasts a $1 billion deficit next year and is widely expected to try to balance its budget in part by closing public schools. ...

Supreme Court struggles over workplace harassment standard

Posted: 26 Nov 2012 12:10 PM PST

The Supreme Court in WashingtonWASHINGTON (Reuters) - Fourteen years after deciding that employers can be liable for workplace harassment by supervisors they employ, the U.S. Supreme Court on Monday appeared to struggle with an issue left unanswered: who qualifies as a supervisor. A decision in the case against Ball State University, brought by a black catering assistant named Maetta Vance, could clarify how readily harassment victims may hold deeper-pocketed employers accountable under federal law. ...


Officials probe how mentally ill man got gun used in Alabama shooting

Posted: 26 Nov 2012 03:28 PM PST

BAY MINETTE, Alabama (Reuters) - Investigators in Alabama are trying to determine how a man with a history of mental illness obtained a gun he used to kill a sheriff's deputy and wound another when they responded to a 911 call at his trailer, a prosecutor said on Monday The man, 53-year-old Michael Jansen, initially opened fire from inside the trailer on Friday after three officers went to his home following a call from his mother that he was behaving erratically, according to police. Jansen was killed in the gunfight near the southern Alabama city of Fairhope. ...

Eight-year term sought for California campaign treasurer fraud

Posted: 26 Nov 2012 01:43 PM PST

SACRAMENTO (Reuters) - Federal prosecutors are seeking an eight-year prison sentence for a Democratic campaign treasurer accused of draining up to $20 million from the war chests of U.S. Senator Dianne Feinstein and other politicians, court documents showed on Monday. Kinde Durkee, who controlled the funds of some 400 political candidates and groups, should spend 97 months in federal custody and pay an as-yet undetermined amount of restitution, a sentencing memo by prosecutors said. Durkee was arrested in September 2011 and charged with criminal mail fraud. ...

Analysis: For Obama, could 10,000 troops in Afghanistan be too many?

Posted: 26 Nov 2012 03:01 PM PST

U.S. President Barack Obama greets troops at Bagram Air Base in KabulWASHINGTON (Reuters) - President Barack Obama publicly scoffed at the idea of keeping 10,000 troops in Iraq. So could he really be persuaded to keep that many in Afghanistan after the war formally ends in 2014? The 10,000 figure is well within a preliminary range put forward by the top U.S. and NATO commander in Afghanistan, General John Allen, and which is informing deliberations by the Obama administration, one U.S. official said. ...


Schapiro stepping down at SEC, Walter to step in

Posted: 26 Nov 2012 03:05 PM PST

Mary Schapiro, chairman of the Securities and Exchange Commission, testifies before a House Financial Services Committee hearing on "Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss" in WashingtonWASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission, Mary Schapiro, will step down next month after a tumultuous four years spent rehabilitating the agency's battered reputation, handing the reins at least temporarily to a close ally. "We've gotten a lot done, I'm really proud of where the agency is today, so it seemed like a good time," Schapiro said in an interview on Monday after announcing her departure. ...


New York City mayor to ask Congress for $9.8 billion for Sandy costs

Posted: 26 Nov 2012 12:49 PM PST

New York City Mayor Michael Bloomberg speaks during a press conference announcing the re-opening of 12 schools in the Rockaways and Brooklyn at P.S. 43 in the Far Rockaway section of the Queens borough of New York(Reuters) - New York City Mayor Michael Bloomberg said on Monday he will ask Congress for $9.8 billion to pay for superstorm Sandy costs not covered by insurance or other federal funds. In a letter to New York's congressional delegation, Bloomberg said public, private and indirect losses to the city from the devastating late-October storm totaled an estimated $19 billion. Of that, private insurance is expected to cover $3.8 billion, with Federal Emergency Management Agency reimbursements to cover at least an additional $5.4 billion, Bloomberg said in a statement. ...


Police probe how Romney security data became New York City parade confetti

Posted: 26 Nov 2012 03:40 PM PST

NEW YORK (Reuters) - Police are investigating how shredded documents revealing confidential information, including details about Republican presidential candidate Mitt Romney's motorcade, wound up as confetti on a Manhattan sidewalk during the annual Macy's Thanksgiving Day Parade. Bits of shredded paper from the Nassau County Police Department could still be found on Monday afternoon in the cracks of the sidewalks along Central Park, according to Saul Finkelstein, the eyewitness who first alerted authorities to the problem. ...

Three from California family drown in ocean trying to save dog

Posted: 26 Nov 2012 02:56 PM PST

SAN FRANCISCO (Reuters) - A California mother and father and their 16-year-old son were swept out to sea over the weekend after a deadly chain of events set off when the teenager jumped into frigid waters to save the family dog from turbulent Pacific Ocean waves. The dog escaped on his own from the water off the Northern California coast. But Howard Kuljian, 50, and Mary Scott, 54, of Eureka died while their 16-year-old son, Gregory Kuljian, remained lost at sea, said Deputy Ariel Gruenthal of the Humboldt County Coroner's office. ...

Obama health law to face religion-based challenge

Posted: 26 Nov 2012 12:54 PM PST

Beds lie empty in emergency room of Tulane University Hospital in New Orleans(Reuters) - The Supreme Court on Monday cleared the way for a Christian college to pursue a religion-based challenge against part of President Barack Obama's healthcare reform, which it claims forces taxpayers and employers to subsidize abortions and contraception. Liberty University, based in Lynchburg, Virginia, may now also argue that Congress exceeded its power by requiring big employers to provide healthcare coverage to workers, though legal experts said the argument faces an uphill battle in court. ...


Trade groups hit airwaves to protect tax benefits

Posted: 26 Nov 2012 01:26 PM PST

NEW YORK (Reuters) - As the debate around tax reform grows more heated, broker-dealers and other companies that service retirement plans offered by employers are increasingly concerned that the tax benefits of 401(k) plans are on the chopping block. Groups representing the spectrum of financial services have begun marketing campaigns online as well as on television protect their members' interests and bring investors to their side. ...

Ohio inmate loses bid to stay his execution because of weight

Posted: 26 Nov 2012 02:45 PM PST

CLEVELAND (Reuters) - A federal judge said on Monday that an Ohio death row inmate weighing more than 450 pounds cannot be given a stay of execution because of his obesity. Ronald Post, 53, is scheduled to be executed January 16 for the 1983 aggravated murder of hotel clerk Helen Vantz in Elyria, Ohio. Since his first appeal in 1997, Post's attorneys have argued that his weight, of more than 450 pounds, in combination with the state's death penalty drug protocols creates a certainty of, "substantial risk for serious and psychological pain" and a "torturous and lingering death. ...

Fugitive returned to L.A. from Mexico to face murder charges

Posted: 26 Nov 2012 01:55 PM PST

FBI handout image of Joe Luis SaenzLOS ANGELES (Reuters) - A suspected gang member and drug cartel enforcer accused of four Los Angeles-area slayings has been returned to California to face murder charges after he was captured in Mexico, ending a three-year stint on the FBI's list of most-wanted fugitives. Jose "Joe" Luis Saenz, a U.S. citizen from Los Angeles who has been on the run through North and Central America in recent years, was apprehended last Thursday in western Mexico and deported back to the United States the following day, the FBI said. ...


Top court will not revisit Illinois eavesdropping law

Posted: 26 Nov 2012 01:55 PM PST

WASHINGTON (Reuters) - The Supreme Court refused on Monday to revive a controversial Illinois law that prohibited audio recordings of police officers acting in public places, a ban that critics said violated the First Amendment of the U.S. Constitution. Without comment, the court on Monday let stand a May 8 ruling by the 7th U.S. Circuit Court of Appeals in Chicago that blocked enforcement of the law, which had made it a felony to record audio of conversations unless all parties consented. ...

Head of patent office to step down

Posted: 26 Nov 2012 02:13 PM PST

WASHINGTON (Reuters) - The popular director of the U.S. Patent and Trademark Office, David Kappos, will be stepping down in January, according to an email sent to agency employees on Monday. In the email, Kappos said he would be leaving around the end of January and thanked agency employees for their work. A patent office spokesman confirmed that Kappos would step down. Kappos, who is famous for his long hours, has been popular with patent attorneys and industry for being responsive to their desire for more communication and a reduced backlog in patent applications. ...

White House: no decision on troops in Afghanistan post 2014

Posted: 26 Nov 2012 01:08 PM PST

U.S. troops play touch football in the early morning hours on Thanksgiving at a military base in KabulWASHINGTON (Reuters) - President Barack Obama has not made a decision about how many U.S. troops may stay in Afghanistan after 2014 or the pace of a troop drawdown before that, the White House said on Monday. White House spokesman Jay Carney said Obama would be reviewing proposals on the subject in the coming weeks and months. "He will evaluate proposals from the Pentagon and elsewhere on what we might negotiate with the Afghan government on a future presence in Afghanistan," after 2014, Carney told reporters. "That presence would be very limited in scope ... ...


Obama committed to immigration reform: White House

Posted: 26 Nov 2012 01:07 PM PST

WASHINGTON (Reuters) - President Barack Obama will push for comprehensive immigration reform, his spokesman said on Monday, an accomplishment that eluded him during his first four years in office. "There is a real opportunity here to move forward and the president is committed to that," White House spokesman Jay Carney told reporters at a briefing. "He believes that comprehensive immigration reform is achievable. ...

Supreme Court declines to review insanity defense appeal

Posted: 26 Nov 2012 12:39 PM PST

WASHINGTON (Reuters) - A divided U.S. Supreme Court on Monday refused to hear an appeal over whether criminal defendants have a constitutional right to assert an insanity defense, leaving in place a paranoid schizophrenic's guilty plea over two murders. With three of its nine justices dissenting, the court without explanation declined to take up the case of John Joseph Delling, who had been sentenced to life in prison in Idaho over the 2007 shooting deaths of David Boss, a childhood friend, and Brad Morse, whom he had met playing online video games. ...

Man behind anti-Islam film that stoked riots has no regrets: New York Times

Posted: 26 Nov 2012 10:58 AM PST

(Reuters) - The Egyptian-born Coptic Christian who made the anti-Islam film that sparked protests across the Muslim world has no regrets about his insulting portrayal of the Prophet Mohammad, according to an interview with the New York Times. In his first public comments since the 14-minute trailer for his film, "Innocence of Muslims," gained notoriety in September, Mark Basseley Youssef told the newspaper he wanted to reveal what he called "the actual truth" about Mohammad and raise awareness of the violence committed "under the sign of Allah. ...

Top court rejects appeal of ex-Louisiana congressman

Posted: 26 Nov 2012 11:42 AM PST

U.S. former Rep. Jefferson walks with wife, after his sentencing at U.S. District Court for the Eastern District of VirginiaWASHINGTON (Reuters) - The Supreme Court on Monday refused to hear the appeal of former Louisiana congressman William Jefferson, who had challenged his 2009 conviction on multiple charges of bribery and money laundering. Jefferson's case had gained notoriety after FBI agents found $90,000 wrapped in foil and stored in a freezer at the home of the former Democratic lawmaker. ...


Campaign for Los Angeles pension measure suspended

Posted: 26 Nov 2012 12:04 PM PST

SAN FRANCISCO (Reuters) - Former Los Angeles Mayor Richard Riordan suspended on Monday his campaign to put a measure before voters to overhaul the second-largest U.S. city's pension system. Riordan concluded the campaign could not meet the deadline for gathering signatures to qualify the plan for the May 2013 ballot, spokesman John Schwada said. Schwada said Riordan is reviewing options for the measure, including a potential effort to put it on the June 2014 city ballot. "Rest assured that Mayor Riordan is actively looking at all the options available to him," the spokesman said. ...

Skinned carcasses of 11 puppies found in bag in Pennsylvania

Posted: 26 Nov 2012 12:37 PM PST

PHILADELPHIA (Reuters) - Animal welfare investigators on Monday sought clues in the skinning of 11 puppies whose bodies were found stuffed in a bag left in a ditch in eastern Pennsylvania. The gruesome discovery was made on Friday in Lower Macungie, about 20 miles from Lynn Township, where days earlier another animal carcass was found skinned and cooked, with its feet cut off, said Bruce Fritch, board president of the Lehigh County Humane Society, which is investigating the slayings. "It's just heinous," Fritch said. ...

Autopsy finds winner of roach-eating contest in Florida choked to death

Posted: 26 Nov 2012 12:32 PM PST

(Reuters) - A Florida man choked to death after eating dozens of roaches and worms last month to win a contest featuring a python as the top prize, according to autopsy results released on Monday. The Broward County Medical Examiner's Office ruled that 32-year-old Edward Archbold's October 6 death to be accidental and said he died after being deprived of oxygen "due to choking and aspiration of gastric contents." Lab tests were negative for lethal intoxicating substances and a severe allergic reaction, the medical examiner said. ...

LA money manager gets no jail in NY corruption case

Posted: 26 Nov 2012 03:06 PM PST

NEW YORK (Reuters) - Los Angeles money manager Elliott Broidy was spared jail time and a felony conviction on Monday for his role in a "pay to play" scheme at the New York state pension fund. Justice Lewis Bart Stone reduced Broidy's felony to a misdemeanor and sentenced him to a conditional discharge. Broidy, 55, admitted making nearly $1 million in gifts for New York state pension fund officials, including $75,000 in travel expenses for luxury trips to Israel and Italy. ...

No comments:

Post a Comment