The Alabama Supreme Court has changed some of the wording its recent ruling tossing out a lawsuit against the Alabama Accountability Act, but it didn't change the result.
On Sept. 20, the state's highest court blocked a lawsuit that members of the Alabama Education Association filed against four legislators to challenge the new law. Even though the legislators won, they asked the court to reconsider part of the ruling that said the Accountability Act appropriated public funds.
State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.
But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.
Drifting is one of those crazy things you should only do in a video game, but I got to experience it in real life at Willow Springs racetrack in the California desert with race car driver and expert drifter Dai Yoshihara.
Drifting, Yoshihara explains, is "a controlled slide through a series of corners at very high speed."
Originally published on Fri November 22, 2013 6:54 pm
Some cars are meant to be beautiful; some cars are meant to serve a purpose. The makers of the Youabian Puma say their car was created with one goal: "to stand out and be unique." And that's what they've done, as dozens of howling headlines attest.
Originally published on Fri November 22, 2013 7:56 pm
The Obama administration confirmed early Friday afternoon that starting next year, it plans to push back the start of enrollment for coverage under the new health care law by one month.
NPR's Julie Rovner tells us via Twitter that White House spokesman Jay Carney says the Department of Health and Human Services "has indicated its intent to shift the 2015 marketplace schedule by one month."
California has rejected President Obama's offer to extend canceled health insurance policies. The board that oversees the state's health insurance marketplace voted unanimously Thursday to let canceled policies expire. The board said it didn't want to confuse consumers and disrupt the state's surge in enrollment.
The Treasury Department announced on Thursday that the U.S. government will sell its remaining 31 million shares in GM by the end of the year. The government received the stock when it bailed out GM during the financial crisis.
Phil's Crummy Corner, a bar in Brooklyn, announced it is raising its drinking age to 25. The restaurant manager told local news site DNA Info that the age limit will only be in place on weekend nights. It's an attempt to keep out loud and rowdy late night crowds.
Consumer advocates are hailing a decision by federal regulators to crack down on so called deposit advances — a type of payday loan offered by some banks. Going forward, banks will not be allowed to let their customers take deposit advances more than once a month, or take them in consecutive months.
Gavin Andresen is chief scientist at the Bitcoin Foundation. I first talked with him about Bitcoin, the virtual currency, back in 2011. I checked back in with him this week, because so much has been going on with Bitcoin lately.
Originally published on Thu November 21, 2013 7:59 pm
The Federal Communications Commission is proposing a change to allow travelers to make phone calls as they fly on jetliners in the U.S. The agency's new chairman, Tom Wheeler, calls the current ban on the use of cellphones during flights "outdated and restrictive."
Here's a statement from Wheeler that was released Thursday:
Originally published on Thu November 21, 2013 4:42 pm
The Dow Jones industrial average tacked on 109 points Thursday for a gain of less than 1 percent. But the small rise brought a big milestone, as the industrial index closed above 16,000 for the first time in its history. The index had touched the mark earlier this week but fell short by the day's end.
Today, the Dow closed at 16,009.99.
The historic moment for the benchmark index that tracks 30 leading U.S. companies came on a day that began with positive economic news.