Haaretz: Kerry and Abbas to hold surprise meet in Riyadh to discuss Israeli-Palestinian talks
U.S. Secretary of State John Kerry and Palestinian President Mahmoud Abbas will meet for unplanned talks on Monday afternoon, as part of their coinciding visits to Saudi Arabia. The lunch meeting, which was added to Kerry's schedule at the last-minute on Monday morning, will focus on efforts to resume the diplomatic process between Israel and the Palestinians.
CNN: Researchers: Toddler cured of HIV
A 2-year-old Mississippi girl is the first child to be "functionally cured" of HIV, researchers announced Sunday. Researchers said they believe early intervention - in this case within 30 hours of birth - with three anti-viral drugs was key to the outcome. A "functional cure" is when the presence of the virus is so small, lifelong treatment is not necessary and standard clinical tests cannot detect the virus in the blood. The finding was announced at the 2013 Conference on Retroviruses and Opportunistic Infections in Atlanta.
CNN: Demolition starts at Florida home where sinkhole devoured man
Unable to rescue a man devoured by a giant sinkhole, workers started demolishing his Florida home Sunday - three days after the ground under his bedroom opened up and swallowed him. Crowds watched as a backhoe plunged its bucket into the home's blue walls, leaving the wreckage of wood beams and cinder blocks where rooms once stood. Some snapped photos with cell phone cameras, said John Gauntt, a reporter for CNN affiliate Bay News 9. Others turned toward the ground with tears in their eyes.
NYT: National Attention and Cash in Los Angeles School Vote
On Tuesday, voters in Los Angeles will go to the polls for a mayoral primary. But much of the attention will also be on the three races for the school board, a battle that involves the mayor, the teachers’ union and a host of advocates from across the country — including New York City’s billionaire mayor — who have poured millions of dollars into the races. The outcome of the political fight for the school board seats will have a profound impact on the direction of the nation’s second-largest school district. But the clash has also become a sort of test case for those who want to overhaul public education, weakening the power of the teachers’ union, pushing for more charter schools and changing the way teachers are hired and fired.
CNN: Doctor accused of severing babies' spines with scissors in 'house of horrors'
The Hippocratic Oath, when properly translated, doesn't actually say, "First, do no harm." But since the time of the ancient Greeks, that's become the mantra for every medical professional. Not so with Dr. Kermit Gosnell, prosecutors contend. The 72-year-old Philadephia physician is accused of running a "house of horrors" where he performed illegal abortions past the 24-week limit prescribed by law. He used scissors, authorities say, to sever the spinal cords of newborns who emerged from their mothers still alive.
CNN: Family, medical examiner at odds over how Mississippi mayoral candidate died
The family of a Mississippi mayoral candidate claimed Sunday that he died after being "beaten, dragged and burned," but it's an account a medical examiner disputed, saying "I don't know where that is coming from." On Wednesday, authorities found Marco McMillian's body near a levee between Sherard and Rena Lara, two unincorporated communities about 15 minutes from Clarksdale. The 34-year-old McMillian had been running for mayor of Clarksdale, a city of about 18,000 people in northwestern Mississippi's Delta region. His body was "set afire," according to his family, who said they twice met with a coroner.
CNN: Official: Walmart Foundation head to be tapped as next budget director
Sylvia Mathews Burwell will be nominated Monday by President Barack Obama to be the director of the Office of Management and Budget, a senior Obama administration official said. Burwell, 47, is currently the head of the Walmart Foundation, the retail chain's charitable organization. The organization donated nearly $1 billion to causes worldwide in 2011, according to its website. If confirmed by the Senate, she will assume a Cabinet-rank position as head of the White House agency that assists the president on budget matters.
SEE ALSO: CNN: Obama worked the phones Saturday on spending cuts, adviser says
SEE ALSO: CNN: Boehner 'hopeful' on preventing government shutdown
Politico: Sources: EPA, Energy picks coming as soon as Monday
After a long wait, the White House may finally be poised to unveil President Barack Obama’s picks to head the Environmental Protection Agency and the Energy Department. Sources outside the administration who have closely followed the process say they have been informed that the White House will announce the two long-awaited nominations Monday. The two roles are crucial to carrying out Obama’s promises to tackle climate change.
CNN: Biden apologizes for not being in Selma in 1965
At the commemoration of the historic Selma to Montgomery civil rights march, Vice President Joe Biden on Sunday expressed guilt for not joining the Alabama demonstration nearly half a century ago. The vice president also used the opportunity to lament the dozens of voting restrictions proposed by states in the last couple of years and argued against a challenge to the Voting Rights Act of 1965 that's now being heard in the Supreme Court.
WaPo: Obama pushing to diversify federal judiciary amid GOP delays
In Florida, President Obama has nominated the first openly gay black man to sit on a federal district court. In New York, he has nominated the first Asian American lesbian. And his pick for the U.S. Court of Appeals for the D.C. Circuit? The first South Asian. Reelected with strong support from women, ethnic minorities and gays, Obama is moving quickly to change the face of the federal judiciary by the end of his second term, setting the stage for another series of drawn-out confrontations with Republicans in Congress. The president has named three dozen judicial candidates since January and is expected to nominate scores more over the next few months, aides said. The push marks a significant departure from the sluggish pace of appointments throughout much of his first term, when both Republicans and some Democrats complained that Obama had not tried hard enough to fill vacancies on federal courts.
Chicago Tribune: Republicans revisit Medicare reform to cut spending
Fired up as once-unimaginable spending cuts start to slice the federal budget, Republicans are launching a new phase in their austerity campaign — resurrecting the party's cost-cutting plan to turn Medicare into a voucher-like system for future seniors. Despite public uncertainty Saturday about the $85 billion in so-called sequester cuts, Republicans now believe they have momentum to ask Americans to make tough choices on Medicare, as rising healthcare costs combine with an aging population to form a growing part of future deficits.
Roll Call: Issa Works Toward Oversight Legacy
In late February 1997, the second month of President Bill Clinton’s second term, the media was in a feeding frenzy over documents obtained by the House oversight panel that showed Clinton had used perks such as overnight stays in the Lincoln Bedroom to woo big-dollar donors. Sixteen years later, a Democratic president begins his second term with Republicans controlling the House, and, as in 1997, the two parties are locked in a heated showdown over spending cuts. But when The New York Times reported Feb. 22 that President Barack Obama’s campaign arm was offering quarterly meetings with the commander in chief for a $500,000 donation, the news was met with silence from California Rep. Darrell Issa, chairman of the House Oversight and Government Reform Committee. Issa, in his past two years as chairman of the panel, is turning over a new leaf, focusing on legislative work he hopes could buttress his legacy.
Arizona Republic: Judging border security: How much authority will watchdogs have?
A bipartisan group of senators collaborating on comprehensive immigration-reform legislation has not come to terms on a proposed commission to scrutinize border security. It’s a potential sticking point between Democrats inclined to limit the panel to an advisory role and Republicans who want it to have meaningful authority. The group, which would be composed of governors, attorneys general and other “community leaders living along the Southwest border,” would gauge border-security progress and make a recommendation when it was satisfied that the legislation’s security provisions were in effect. Only then, according to a framework of the bill presented Jan. 28 by the so-called Gang of Eight senators, would the millions of undocumented immigrants already in the United States be able to start down a long path to citizenship.
CNN: Romney: 'My heart said we were going to win'
Former GOP presidential nominee Mitt Romney looked back to the moment on election night that he knew he had lost. "It was a slow recognition, until ultimately when the Ohio numbers began coming in and they were disappointing, I said, 'Look, this looks like we lost.' Wasn't certain. Some people said 'Oh, look, if this number comes in you could win,' but by 8 or 9 o'clock it was pretty clear that we were not going to win." In his first interview since the 2012 election, Romney reflected on his second bid for the presidency and what happened on Tuesday, November 6, 2012.
New York Magazine: Back on the Trail
Late last year, a few days before Christmas, former South Carolina governor Mark Sanford embarked on a delicate political mission. He went to see his ex-wife, Jenny. …According to Jenny, she had already told Mark she would be taking a pass on the race the day before, at the funeral of a mutual friend. So when Mark came to visit her, he arrived with a proposal. “Since you’re not running, I want to know if you’ll run my campaign,” he said. “We could put the team back together.” Jenny told him, in so many words, that wasn’t going to happen. Mark made one last appeal. “I could pay you this time,” he said.
Palm Beach Post: Rubio, Christie to raise money in Palm Beach next week before RNC confab
Florida Sen. Marco Rubio and New Jersey Gov. Chris Christie — potential 2016 GOP presidential rivals — will be in Palm Beach next week for separate fundraisers before heading to Coral Gables for a weekend with top Republican National Committee donors.
Reuters: Kerry says finite amount of time for Iran nuke talks
U.S. Secretary of State John Kerry said on Monday there was a limited period of time available for talks between Iran and major powers about its disputed nuclear program. "There is a finite amount of time," Kerry, on a visit to Saudi Arabia, said of the talks between Tehran and a group of world powers. He was speaking at a news conference held jointly with his Saudi counterpart Prince Saud al-Faisal.
CNN: Iran is open to direct talks with U.S., its UN ambassador says
Iran would be willing to sit down for direct talks with the United States, the country's ambassador to the United Nations said in an interview broadcast on CNN. "I can confirm it here with you, and also for your distinguished audience, that Iran will come negotiation and direct talks with the United States provided that we make sure that U.S. is serious and do not act differently," Ambassador Mohammad Khazaee told CNN's Fareed Zakaria in an interview that aired on Fareed Zakaria GPS. Khazaee said Iranians felt that at last week's negotiation with the United States and other aligned nations, "both sides are getting closer to each other."
Jerusalem Post: Barak: Israel resolute on retaining Iran
As he prepares to step away from government, Ehud Barak told a crowd of over 13,000 in Washington on Sunday that Iran remains the most dire of a series of menacing threats facing Israel in the region. On the opening night of AIPAC's annual conference, Barak said he simply didn't believe diplomacy would deter the ayatollahs from their pursuit of nuclear weapons capability, charging emphatically that Jerusalem meant it when it vowed that all options remain on the table.
WATCH: Live on CNN – U.S. Vice President Joe Biden and Israeli Prime Minister Benjamin Netanyahu address the 2013 AIPAC Policy Conference Monday at 10:25am and 10:48am, respectively.
Foreign Policy: The Inside Story of How the White House Let Diplomacy Fail in Afghanistan
BY VALI NASR: Obama has earned plaudits for his foreign-policy performance. On his watch, the United States has wound down the wars in Iraq and Afghanistan, and it finally killed Osama bin Laden. In tune with the public mood, he has largely kept America out of costly overseas adventures. But my time in the Obama administration turned out to be a deeply disillusioning experience. The truth is that his administration made it extremely difficult for its own foreign-policy experts to be heard. Both Clinton and Holbrooke, two incredibly dedicated and talented people, had to fight to have their voices count on major foreign-policy initiatives.
CNN: U.S. releases $250 million in aid to Egypt
Calling it a "good-faith effort" to help the Egyptian people, U.S. Secretary of State John Kerry released $250 million in economic aid Sunday, with a pledge of more if President Mohamed Morsy implements economic and political reforms. Kerry's announcement came after a series of weekend meetings in Cairo with a cross-section of Egyptians and a two-hour session with Morsy on Sunday.
ALSO SEE: CNN: Kerry touts need for 'meaningful compromises' in Egypt
WSJ: U. S. Boosts War Role in Africa
The U.S. is markedly widening its role in the stepped up French-led military campaign against extremists in Mali, providing sensitive intelligence that pinpoints militant targets for attack, U.S. and allied officials disclosed. U.S. Reaper drones have provided intelligence and targeting information that have led to nearly 60 French airstrikes in the past week alone in a range of mountains the size of Britain, where Western intelligence agencies believe militant leaders are hiding, say French officials.
CNN: 'Hell-bent': Graham, McCain threaten to stall Brennan nomination over Libya
Republican Sens. John McCain and Lindsey Graham have vowed to hold up a full Senate vote on CIA Director nominee John Brennan until they get answers about the U.S. Consulate attack in Benghazi, Libya. "I'm not going to vote on a new CIA director until I find out what the CIA did in Benghazi," Graham said Sunday on CBS's "Face the Nation." After delaying a vote on Brennan twice, the Senate Intelligence Committee is scheduled to hold another vote on Tuesday.
ALSO SEE: BuzzFeed: Rand Paul Will Stall Brennan Even Without A Filibuster
CNN: U.S. investigates soldier shooting, car chase in South Korea
The U.S. Army said Monday it "regrets" an incident in which a U.S. solider was shot after allegedly refusing to stop for South Korean police, leading to a car chase through Seoul late Saturday night. The 23-year-old private first class was shot in the shoulder after midnight on Saturday during the incident, according to Yonhap, a government-affiliated South Korean news agency.
AVIATION, REGULATION and JUSTICE:
CNN: New York transit to get nearly $200 million in federal Sandy aid
Nearly $200 million in federal funding will be awarded to the Port Authority of New York and New Jersey for repairs after Superstorm Sandy, according to a statement Sunday from U.S. Sen. Chuck Schumer's office. Schumer and Sen. Kirsten Gillibrand, both New York Democrats, announced that the Department of Transportation is providing $195.7 million in funds for infrastructure repairs needed after the storm damaged the region's rail systems and infrastructure, according to the statement.
LA Times: New airline fees just keep coming
If you think air carriers have run out of ideas for new fees to charge passengers, think again. Among the fees airlines have announced in the past few weeks are a charge to zip through airport screening gates and board early, a fee to watch streaming movies and a fee to have your bags delivered in 36 cities around the country. It should be no surprise that airlines keep coming up with new fees: Combined, such charges generated an estimated $36 billion in 2012 for the world’s largest airlines. A trade group that represents the U.S.’s biggest airlines says such fees helped many carriers maintain a slim profit margin in 2012.
NY Post: City knew of $2B 911 fiasco in 2011
Mayor Bloomberg’s controversial $2 billion effort to modernize the 911 system — billed as a cure-all for every emergency-communications ill — was labeled a boondoggle by the city’s own experts two years ago, The Post has learned. The project “does not have a defined business case” for spending $2 billion on a new 911 system, Gartner Consulting told City Hall in a March 2011 report marked “draft — confidential.” In bureaucratic-speak, Gartner was telling Hizzoner “the program should not go forward” because the city hadn’t shown a legitimate need, as required by federal guidelines.
Denver Post: Mark Kelly, husband of former Rep. Gabby Giffords, to testify Monday in Colorado on gun bills
Mark Kelly, the husband of former U.S. Rep. Gabby Giffords, will be in Denver on Monday to testify in support of at least one of the seven gun-control bills to be heard. Kelly, a retired Navy captain and astronaut, has testified before Congress in support of gun-control measures. He will testify Monday in support of House Bill 1229, said Eileen McCarron, president of Colorado Ceasefire Capitol Fund. House Bill 1229 requires all private gun sales and transfers to be subject to background checks.
Washington Times: Guns, death penalty, roads lead Maryland assembly agenda in a busy week
The Maryland General Assembly is entering one of the busiest stretches of its 90-day session, with lawmakers poised this week to give final approval to a gun control bill, advance legislation abolishing the death penalty and possibly begin considering a transportation funding bill.
Washington Post: After roads deal, Virginia Gov. McDonnell faces Republican identity crisis
Robert F. McDonnell had just done something huge, something that for nearly a generation, every other Virginia governor had tried and failed to do. As leader of a state with some of the nation’s worst traffic and a road construction fund due to go broke by 2017, he’d ordered legislators to find a fix. At the very moment they complied, as the balky Senate voted to send a transportation funding bill to the Republican governor, somebody watching the proceedings from inside McDonnell’s third-floor Capitol office snapped a photo that soon wound up on Twitter. …McDonnell looks very happy. And that’s a problem, at least now, as conservatives criticize the deal, which is heavy on taxes and came only after Democrats exacted a written pledge from the governor on Medicaid expansion.
New Jersey Star-ledger: Game on: Geraldo fires first shot against Booker as both mull U.S. Senate run
Neither Newark Mayor Cory Booker nor television personality Geraldo Rivera has officially announced his candidacy for United States Senate, but that didn't stop the talk show host from taking a swing this weekend. Both have said they are considering runs next year for the seat now held by U.S. Sen. Frank Lautenberg, with Booker a very likely Democratic contender. The Republican Rivera, a Fox News host, fired at Booker Friday night, calling the mayor out on his penchant for helping others then sharing tales of his toils on Twitter.
The Detroit News: Gov. Snyder wants decisive, diplomatic emergency manager for Detroit
Gov. Rick Snyder hasn't yet revealed his pick for Detroit emergency manager, but he's offering some clues into what he's looking for as speculation mounts over who might assume the unprecedented role. "It's a person who has been successful in terms of using interpersonal skills in a very, very challenging situation that involves many different constituencies or different groups," Snyder said during an interview Friday with The Detroit News editorial board. …Snyder didn't name the candidate because the city has a window of 10 days to appeal his decision that Detroit is in a state of financial emergency. The window ends March 11 and a hearing for a possible appeal is set for March 12.
SEE ALSO: CNNMoney: Michigan to take over Detroit city government
WATCH: VIDEO – Detroit is struggling to solve its fiscal crisis linked to unfunded pensions and benefits.
The State: SC Gov. Nikki Haley setting run for 2nd term
The governor has not formally announced she will run in 2014, but supporters expect her to enter the race this summer. Meanwhile, she travels to economic-development events across the state that tout her jobs record, such as groundbreaking for a $25 million inland port in Greer on Friday, and continues to hold fundraisers, such as one in Washington, D.C., last Monday. Her campaign operation, already open in downtown Columbia and fueled with $1.5 million in contributions, is making moves. A 164-person grassroots steering committee featuring state GOP chairman Chad Connelly was announced two weeks ago.
Miami Herald: Legislature could tip hand on Medicaid expansion Monday
Gov. Rick Scott has said what he would do. So have the other three members of the Florida Cabinet. But it is the Legislature that will ultimately decide whether the state will expand Medicaid under the Affordable Care Act. House and Senate committees studying the health care law could make their recommendations Monday.
Albany Times Union: Cuomo aides monitor press calls
At the end of each day, the spokesperson for each state agency logs every call they've received from a reporter and sends the tally, through an internal website, to Gov. Andrew Cuomo's aides. The site, called Newstracker, was developed by the administration to keep tabs on every agency and was implemented after Cuomo took office — adding structure to a less formal checking-in process used by his predecessors. The daily reports include information about who called and what they were told, as well as data about requests filed through the Freedom of Information Law.
CNN: 10 killed in police station attack as wary but optimistic Kenyans vote for president
The stakes are high for Monday's presidential election in Kenya. It is the first poll since East Africa's largest economy plunged into ethnic violence after disputed results in the last election. And residents are anxious to avoid a repeat. Hours before the polls opened, a group of heavily-armed men attacked a police station in the port city of Mombasa, killing at least 10 people, including two police officers, said Prime Minister Raila Odinga.
SEE ALSO: CNN: Kenya elections: What you need to know
CNN: Veteran jihadist Moktar Belmoktar is killed in Mali, Chadian forces say
Chadian troops in Mali killed Moktar Belmoktar, a veteran jihadist who claimed responsibility for a deadly attack on an Algerian gas facility, Chad's armed forces said Saturday. Belmoktar led a group called Al-Mulathameen Brigade (The Brigade of the Masked Ones), which is associated with al Qaeda in the Islamic Maghreb (AQIM). He was killed during clashes in northwestern Mali, Chadian armed forces spokesman Gen. Zacharia Goubongue said in a statement read on state-run television. U.S. officials said they could not immediately confirm the report. However, the chairman of the House Foreign Affairs Committee cheered the news.
CNN: Amid clashes, Bangladesh enters 2nd day of strike
Bangladesh on Monday entered the second day of a strike amid clashes between protesters and security forces that have killed dozens of people after an Islamist party leader was sentenced to death last week for war crimes. The violence, which has shaken the South Asian country in recent days, left 21 people dead Sunday, authorities said, after supporters of the Islamist party Jamaat-e-Islami attacked police stations and government offices.
CNN: No claim of responsibility yet for Pakistan bombing that killed 42
No group has stepped forward so far to claim responsibility for a massive car bombing in the southern Pakistani city of Karachi that killed at least 42 people over the weekend in what appeared to be the latest attack on the Shiite minority in the country. The blast Sunday tore into nearby buildings, wounding about 145 people, and authorities warned that the death toll could rise as rescue workers continued to search for bodies amid the rubble.
NYT: Israeli Premier Gets Extension to Form a Coalition but Faces Turmoil
Israel’s president on Saturday granted Prime Minister Benjamin Netanyahu a two-week extension to form a governing coalition, a task complicated by mathematics and chemistry. Mr. Netanyahu, Israeli analysts say, finds himself in a bind as he tries to solve the coalition puzzle. His options have been curtailed by an unexpected alliance between two rising stars bent on preventing his longstanding ultra-Orthodox allies from joining the next government.
NBC News: A $1 billion bet on peace: Qatar funds huge Palestinian settlement in West Bank
As gambles go, it hardly gets bigger: A $1 billion dollar bet on peace — or at least a measure of calm — in the West Bank. Even the founder of Rawabi, the biggest construction project in the history of the Palestinian people, says nobody in his right mind would invest here. …Two-thirds of the investment in this town comes from the government of Qatar’s investment fund, Al-Masri explains. The design, planning and construction are all by Palestinians, with outside help, and what appears to make him proudest of all, he says, there is no input from Israel.
CNN: Syria's al-Assad: British leaders 'shallow, immature'
Syrian President Bashar al-Assad slammed British leaders as "shallow and immature" and accused the British government of trying to arm rebels seeking his ouster. Al-Assad told The Sunday Times that the British government can't play a useful role in stopping the Syrian crisis.
WaPo: In the new Libya, former prisoners guard their onetime captors
The prison is a vast, unmarked complex of beige buildings, topped with sandbags and surrounded by high, wire-rimmed walls. Most of the guards wear their beards long and unkempt in the style associated with Islamists — exactly the kind of people that Moammar Gaddafi and his intelligence chief, Abdullah al-Senussi, used to keep locked up. But if ever there was a picture of poetic justice in post-Gaddafi Libya, this is it. The prison’s chief, Mohamed Gweider, is a former Islamist insurgent who spent more than a decade in a Libyan prison. Two of the guards who tortured him, he says, are now his prisoners, and the biggest prize is Senussi himself.
BBC: South Korea's President Park warns over deadlock
South Korea's President Park Geun-hye has warned that the country is facing "unprecedented" political deadlock which is hampering economic progress. Ms Park was sworn in as president last week, but has not yet been able to form a cabinet. She has failed to reach agreement with the opposition over her plans for reorganising the government.
CNN: Cardinals meet Monday; could set date to elect new pope
The race to replace Pope Benedict XVI could get under way Monday, just four days after the 85-year-old pontiff vacated the papacy, citing ailing health. More than 100 Catholic cardinals gathered in Rome on Monday morning for the first of two meetings where they could set a date for the next conclave - when all cardinals under age 80 meet at the Vatican to vote for the next pope. A second meeting is planned for Monday afternoon.
CNN: Queen Elizabeth II still hospitalized for stomach bug
Britain's Queen Elizabeth II remained hospitalized Monday after symptoms of gastroenteritis hampered her weekend plans. The 86-year-old monarch was taken to King Edward VII's Hospital in London "as a precautionary measure" Sunday afternoon and was expected to stay two days, a BuckinghamPalace spokesman said, speaking with customary anonymity. "She is otherwise in good spirits and good health," the spokesman said.
WSJ: Portugal to Seek New Bailout Terms
Portugal is seeking to renegotiate parts of its international bailout agreement amid worse-than-expected forecasts for an economy in recession and growing popular protest over deficit-cutting austerity measures imposed by its lenders. On Monday, euro-zone finance ministers are expected to discuss in Brussels a request by Portugal for more time to repay its loans, a concession that would help the country finance itself after the €78 billion ($99.8 billion) bailout program expires.The request, along with a similar one by Ireland, would mirror the terms Greece obtained under its latest bailout agreement.
NYT: Daredevil Media Outlet Behind Rodman’s Trip
Imagine being the HBO executive who hears this from one of the channel’s producing partners: “We think there’s an opportunity for us to get into North Korea.” The executive was Michael Lombardo, and the partner was Vice Media, the Brooklyn media company with something of a daredevil streak. The conversation happened about a month ago, when production was well under way on “Vice,” a newsmagazine that will have its premiere on HBO on April 5. The company’s bosses said they were planning a visit to the secretive country, centered on an exhibition basketball game with the flamboyant former N.B.A. star Dennis Rodman and three members of the Harlem Globetrotters. HBO decided to add what Mr. Lombardo said was “a little bit” of extra financing, beyond what it had already agreed to pay for the newsmagazine.
CNNMoney: Adelson's company 'likely' violated bribery law
Las Vegas Sands said it "likely" violated the federal Foreign Corrupt Practices Act, which prohibits American companies from bribing foreign officials. The Las Vegas Sands Corp (LVS, Fortune 500)., run by controversial Republican party donor Sheldon Adelson, admitted in a regulatory filing Friday that the company was under investigation from the Department of Justice and the Securities & Exchange Commission for violating the international bribery law.
NYT: Recovery in U.S. Lifting Profits, Not Adding Jobs
With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold. That gulf helps explain why stock markets are thriving even as the economy is barely growing and unemployment remains stubbornly high. With millions still out of work, companies face little pressure to raise salaries, while productivity gains allow them to increase sales without adding workers.
Financial Times: Brokers charge cash for access to CEOs
Investment banks are charging asset managers up to $20,000 an hour to meet the chief executives of their corporate clients – often without the chief executives having any idea that their time is being sold. The revelation comes amid a push by regulators and the fund industry in the UK to lift the lid on payments for corporate access, although the practice is also commonplace in continental Europe, the US and, increasingly, Asia.