Seven employees of the Securities and Exchange Commission have been disciplined, but no one has been fired, after investigations into how the agency failed to stop Bernard Madoff's massive Ponzi scheme despite repeated warnings that he was stealing billions of dollars from investors, The Washington Post reports.
Republican presidential candidate Newt Gingrich talks with Iowa Gov. Terry Branstad (left) and PBS <em>Nightly Business Report</em> co-anchor and managing editor Tom Hudson during a Nov. 1 forum on manufacturing at Vermeer Manufacturing in Pella, Iowa.
Credit Steve Pope / Getty Images
Republican presidential hopeful Newt Gingrich is shown speaking in New Hampshire in May, before he announced his candidacy. Two months later, most of his campaign staff quit. Now, he finds himself in the top tier in the race for the nomination.
As the Republican presidential candidates prepare for another debate, this one Saturday night in South Carolina, former House Speaker Newt Gingrich has been campaigning in New Hampshire.
He opened up his state headquarters Friday, buoyed by some recent polls that show his support increasing among Republican voters. A new CBS poll has him tied for second place with Mitt Romney, behind Herman Cain.
Prime Minister Silvio Berlusconi delivers an address to Italy's Senate in December 2010. Berlusconi, whose political survival skills are legendary, promised to step down after the Senate approved an austerity package.
Originally published on Fri November 11, 2011 2:10 pm
The man known as Italy's Great Seducer may have finally lost his charm.
Silvio Berlusconi, the country's scandal-plagued prime minister, survivor of some 50 confidence motions over the years and twice thrown out of office, says he will exit from the Italian political scene now that the nation's parliament has passed an austerity package.
That resignation could come as early as this weekend, although there has been speculation that Berlusconi could hang on until as late as February, when new elections are expected to be held.
Mexican authorities say Secretary of the Interior Francisco Blake Mora, "the highest ranking official in the country after the president" and the person in charge of the fight against drug cartels, has been killed in a helicopter crash, The Associated Press reports from Mexico City. Seven other people also died, according to the Mexican government.
Reuters says that local media are reporting that the minister's helicopter went down south of Mexico City.
A variety of hair-straightening products used in professional salons can expose both hairdressers and their customers to formaldehyde, an independent study finds. And the chemical can be really irritating, literally.
Originally published on Fri November 11, 2011 2:58 pm
Russians are feeling pretty gloomy after spending days trying to contact a spacecraft aimlessly orbiting Earth.
The Phobos-Grunt spacecraft was destined for one of Mars' moons. As we reported earlier this week, it was supposed to scoop up some rocks and return home with its specimens, but one of its boosters failed to ignite and now it's stuck.