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The Two-Way
10:45 am
Mon November 28, 2011

Kansas Gov.: Teen Doesn't Need To Apologize For Tweet

Kansas Gov. Sam Brownback (R).
John Hanna AP

Originally published on Mon November 28, 2011 11:41 am

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.

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The Two-Way
10:28 am
Mon November 28, 2011

Judge Blocks Citigroup, SEC Settlement

A man walks by a Citibank branch at the U.S. bank Citigroup world headquarters on Park Avenue, in New York in 2008.
Emmanuel Dunand AFP/Getty Images

A United States District Court judge in Manhattan has thrown a wrench into the way the Security and Exchange Commission has been enforcing its fraud cases.

Judge Jed S. Rakoff threw out a $285 million settlement deal between the S.E.C. and Citigroup in which the bank would not admit nor deny wrongdoing in a mortgage derivatives deal.

Rakoff said he would not OK the settlement because he did not know the facts of the case and it was "neither fair, nor reasonable, nor adequate, nor in the public interest" for him to do so.

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Economy
10:23 am
Mon November 28, 2011

Black Friday Sales Suggest A Strong Cyber Monday

Workers process orders at an Amazon.com fulfillment center n Swansea, Wales, as they prepare for their busiest time of the year.
Matt Cardy Getty Images

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.

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Music Interviews
10:12 am
Mon November 28, 2011

'Moves Like Jagger': The Making Of Maroon 5's Mega-Hit

Adam Levine (center) and the rest of Maroon 5.
Matt Beard

The song "Moves Like Jagger" has been on the Billboard Hot 100 for five months — it peaked at No. 1 and is still holding on at No. 5. The band behind the song is Maroon 5, led by singer and songwriter Adam Levine, who also works as a coach on the TV singing competition The Voice.

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The Two-Way
10:08 am
Mon November 28, 2011

Report: Fed Committed $7.77 Trillion To Rescue Banks

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.

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