1:28pm

Mon November 28, 2011
The Two-Way

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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1:23pm

Mon November 28, 2011
Economy

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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1:12pm

Mon November 28, 2011
Music Interviews

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

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

1:08pm

Mon November 28, 2011
The Two-Way

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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12:37pm

Mon November 28, 2011
Business and the Economy

Buying Local During the Holidays

Shopping for the holidays  is moving right along , and Kentuckians are again being urged to buy local.  Such purchases are good for the local economy and the environment.  December has been designated by the state as ‘Give a Gift in Kentucky Month.”  Many of those gifts are bought at the Kentucky Artisan Center, just off I-75 near Berea.  Since its opening eight years ago, center executive director Victoria Faoro says the diversity of gifts has grown.

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12:22pm

Mon November 28, 2011
Around the Nation

Feds Seize 150 Websites In Counterfeit Crackdown

Originally published on Mon November 28, 2011 2:21 pm

Federal authorities announced Monday that they have seized the domain names of 150 websites accused of selling counterfeit or pirated merchandise.

Agents from the Department of Homeland Security and the FBI coordinated the effort for "Cyber Monday," the day that for many shoppers kicks off the online holiday shopping season.

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12:03pm

Mon November 28, 2011
Remembrances

Controversial Film Director Ken Russell Dead At 84

Central Press Getty Images

The acclaimed, eccentric, and very polarizing British film director Ken Russell has died, after a series of strokes at the age of 84.

The director of Tommy, Women In Love and Altered States, Russell was known for a florid style and fascination with sadomasochism that earned him condemnations and a cult following. His adaptations of classic literature and over-the-top biopics ranged from perverse to merely provocative — and an indelible nickname: "Kinky Ken Russell."

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12:02pm

Mon November 28, 2011
NPR Story

Military's Brain-Testing Program A Debacle

Originally published on Fri December 2, 2011 4:20 pm

Dr. Alex Dromerick co-directs the Brain Research Center at the National Rehabilitation Hospital. Here he observes Stephen Jones, a policeman who was involved in a motorcycle accident.
Becky Lettenberger NPR

The U.S. military has spent more than $42 million to test every service member's brain to find out who suffered a traumatic brain injury, or TBI, during the Iraq and Afghanistan wars. But an investigation by NPR and ProPublica has found that military leaders are refusing to carry out the testing program as Congress ordered. Partly as a result, the program that was supposed to fix things has hardly helped any of the troops.

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12:01pm

Mon November 28, 2011
Environmental Watchdog

Sewer Costs Over Time

With property owners in Lexington paying the bills, city officials are fighting to keep the cost of a half-billion dollars in sanitary sewer improvements under control.   Lexington residents first saw fees levied on their sanitary sewers in the mid 1980’s.  They’ve increased over the years,..most recently, in 2009 and again in 2010.  Division of Water Quality Director Charlie Martin suspects it’s just a beginning and more rate increases are likely over the dozen years it will take to upgrade Lexington’s sanitary sewers.

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12:01pm

Mon November 28, 2011
Lexington/Richmond

Shopping Strategies After Black Friday

The first big shopping weekend of the holiday season has come and gone.  It’s also a busy season for thieves.  Police remind shoppers there are steps they can take to protect themselves.  Lexington police spokesman Bige Towery says social networks are fun, but they can also provide useful information to criminals.  “Checking in on Facebook…we let everyone know where we are…and we’ve got to be very careful about that because as soon as you check in somewhere, you’re letting everyone know that your friend or perhaps based on your privacy settings everyone know that your not at home,” said Towery.

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