Today's News Tips for your lunch break. Your Independent Breakdown of Today's News.
The 7-time Tour de France champion has passed over 500 drug tests and could “be in the unenviable position of carrying the burden to rebut testimony from witnesses he cannot even cross examine.” – Rep. Sensenbrenner
WSJ – Fed Knew About LIBOR Problems in 2007, Reported in 2008 It seems that the Fed took at least 6 months to report LIBOR problems after discovering them. Keep up with the investigations on WSJ.
POLITICO – 2008 Geithner Memo Found Relaying Concerns on LIBOR The Treasury Secretary had written a two page memo to the head of the Bank of England while at the NY Fed expressing concern over rate fixing and how to remedy the problem.
Salon – How Voter ID Laws Swing PA to Romney The new law was created while searching for a problem that does not exist. The disenfranchisement may be enough to push the state red in November for the first time in 20 years.
The conservative former presidential hopeful will start hitting the trail for Romney beginning this weekend in PA.
Critics are citing high costs as the main reason not to invest in the infrastructure project, but at 1/10 of the price it’s difficult to justify why the project wouldn’t be completed.
The rock band is touring a photo exhibit today in London while celebrating 50 years of performing.
The bank found a way to earn $5B in profits, but the loss and nondisclosure reflect very poorly on the bank that remained profitable during the financial crisis.
The GOP candidate is unlikely to be acting illegally, but his taxes would likely show a major discrepancy between the manner in which the rich and poor are taxed.
Said when asked about conservatives being pushed to sign his anti-tax pledge the former President. Bush 41 also pointed to changing circumstances and the inability to be wedded to a formula.