The International Olympic Committee says it will fight a court's decision that overturns its rule barring athletes suspended for doping from the next Olympics. The rule, which applied to anyone suspended for more than six months, was challenged by U.S. sprinter LaShawn Merritt, with the support of the U.S. Olympic Committee.
Lexington Mayor Jim Gray has announced the formation of a task force to study ways the city can handle its ballooning Police and Fire Pension Fund deficit. Failure to address the problem, he says, could result in significant cutbacks in services. The total liability of Lexington's Police and Fire Pension Fund, an estimated $536 million dollars, is currently twice the size of the city's General Fund budget. It's a situation that's led many cities across the country to consider bankruptcy. Mayor Jim Gray says he's determined not to see that happen in Lexington and that's why a task force is necessary.
Legislation that would require patients to get a doctor's prescription before buying common cold medicines failed in the Kentucky General Assembly earlier this year, but a federal official hopes lawmakers will re-examine the issue. Many cold medications contain pseudoephedrine, which is an ingredient used to make meth. Benjamin B. Tucker with the White House Office of Drug Control Policy says that's why his office supports the stricter measure.
Alan Stein, president and chief executive of the Lexington Legends, announced his retirement Thursday, effective immediately, the team said. A day earlier, Stein, 59, stepped down as president of the Omaha (Neb.) Storm Chasers minor-league baseball team. "I don't think it's that big a deal, but everyone else seems to," Stein said. He said he has been considering retirement for about a year. With the end of the season and the teams' fiscal year, he said, "This week was the time to do it."
In the late 1970s, recently out of Harvard Business School, Mitt Romney went to work for the Boston consulting firm Bain & Co. He was successful, but he says his dream was always to run his own business.
In 1984, he got the chance.
The firm's founder asked Romney to start an investment fund called Bain Capital. The company would put money into small or struggling businesses, help them grow, and then Bain would cash out.
The tech world is mourning Steve Jobs, who died Wednesday from complications of pancreatic cancer. Even as the tributes roll in, it's hard to avoid this nagging question: What will become of Apple without its charismatic co-founder?
Jobs rescued Apple from near bankruptcy and turned it into one of America's most important companies — and one of its biggest. Now, Apple is trying to keep the Jobs magic alive.
Old hands in Washington know it's never a good sign when the president of the United States has to make a statement like this one.
"I have complete confidence in Attorney General Holder, in how he handles his office," President Obama told reporters at a news conference Thursday. "He has been very aggressive in going after gun running and cash transactions that are going to these transnational drug cartels."
Guy Raz, talks with Alexander Nazaryan about his rant in Salon.com, excoriating the American literary world. He explains that Americans don't deserve a Nobel Prize because their work is too interior. Nazaryan is on the editorial board of The New York Daily News.