CNN Washington AM Note
March 29th, 2013
05:41 AM ET
7 years ago

CNN Washington AM Note


CNN: Blast kills 6 near U.S. Consulate in restive region of Pakistan

A blast near the U.S. Consulate in Peshawar, Pakistan, killed six people and wounded at least 11 more Friday, hospital spokesman Jamil Shah said. A suicide bomber rode a motorbike up to a security checkpoint a third of a mile from the consulate and detonated 22 pounds of explosives attached to his body, police spokesman Mohammad Faisal said.


CNN: Crew takes first fast-track flight to International Space Station

In six hours, a person might walk 18 or so miles. By car, it could be 350-plus miles. A commercial airplane might get as far as 3,400 miles. A spaceship? In that much time, you could get from Earth to the International Space Station. That's what happened with a Soyuz TMA-08M spacecraft, which launched from Kazakhstan at 4:43 p.m. ET Thursday, or 2:43 a.m. Friday local time, with three soon-to-be space station crew members on board. NASA mission control declared "contact and capture confirmed" at 10:28 p.m. ET - four minutes earlier than planned - indicating the spacecraft had successfully docked.

CNN: Newtown shooting details revealed in newly released documents

Adam Lanza stayed at home mostly, a witness said, playing video games such as "Call of Duty." But on December 14, 2012, he went out - armed with 10 30-round magazines for his semiautomatic Bushmaster .223 caliber model XM15 rifle and bullets for his two handguns and a shotgun. Lanza didn't make it home alive. Nor did the 26 people - 20 of them schoolchildren ages 6 and 7 - he shot dead in less than five minutes, firing one bullet roughly every two seconds he was at Sandy Hook Elementary School. These were among the details spelled out Thursday in five search warrants and other material tied to the grisly shooting at the Newtown, Connecticut, school, as well as in a statement from a local top prosecutor. Together, the newly released documents help paint a clearer picture of what happened. What they don't explain is why Lanza did it.

CNN: 7,000 warned of potential HIV, hepatitis exposure

About 7,000 patients of a Tulsa, Oklahoma, dental practice were being notified they could have been exposed to HIV and hepatitis over the past six years, health authorities said Thursday. Dentist W. Scott Harrington voluntarily stopped practicing when the joint investigation by the Tulsa Health Department and the Oklahoma State Department of Health began, the Tulsa agency said in a statement. "The dentist is cooperating with investigators through his attorney," the department said. According to the State Board of Dentistry, the investigation into Harrington's practice found "numerous violations of health and safety laws and major violations of the State Dental Act," the health department said.

USA Today: Arias defense has cost more than $1.4 million

The Jodi Arias murder trial is still weeks away from going to the jury, but figures released Thursday by a judge's order show that since 2008, Maricopa County has paid out more than $1.4 million for her defense alone. Much of the trial has been argued out of the public's earshot, to the drown-out accompaniment of a white-noise machine at the judge's bench and in the judge's chambers. Last week, after The Arizona Republic and other media outlets revealed that as of early February, the cost of Arias' defense had already surpassed $800,000, lead defense attorney Kirk Nurmi asked that the defense costs be sealed from the public eye.


WaPo: Obama administration moves ahead with sweeping rules requiring cleaner gasoline

The Environmental Protection Agency will move ahead Friday with a rule requiring cleaner gasoline and lower-pollution vehicles nationwide, amounting to one of President Obama’s most significant air pollution initiatives, according to people briefed on the decision. The proposed standards would add less than a penny a gallon to the cost of gasoline while delivering an environmental benefit akin to taking 33 million cars off the road, according to a senior administration official, who spoke on the condition of anonymity because the announcement had not been made yet.

NYT: For Obama, Tricky Balancing Act in Enforcing Defense of Marriage Act

When President Obama decided that his administration would no longer defend the Defense of Marriage Act in court, he was presented with an obvious question with a less obvious answer: Would he keep enforcing a law he now deemed unconstitutional? A debate in the White House broke out. Some of his political advisers thought it made no sense to apply an invalid law. But his lawyers told Mr. Obama he had a constitutional duty to comply until the Supreme Court ruled otherwise. Providing federal benefits to same-sex couples in defiance of the law, they argued, would provoke a furor in the Republican House and theoretically even risk articles of impeachment.

CNN: Obama: 'Shame on us' if Newtown doesn't bring new gun laws

President Barack Obama tried to shame the nation and Congress into action against gun violence Thursday, saying it is time to pass new laws after the tears and grief of tragedies like the Newtown massacre in December that killed 20 first-graders. "We need everybody to remember how we felt 100 days ago and make sure that what we said at that time wasn't just a bunch of platitudes, that we meant it," Obama said at a White House event on a national day of action by supporters of tougher gun laws. His voice both somber and angry, Obama told the audience, which included family members of Newtown victims, that "we've cried enough" and it is time now for Americans to pressure their elected leaders to pass a package of laws proposed by Senate Democrats.

NYT: Talk of Medicare Changes Could Open Way to Budget Pact

As they explore possible fiscal deals, President Obama and Congressional Republicans have quietly raised the idea of broad systemic changes to Medicare that could produce significant savings and end the polarizing debate over Republican plans to privatize the insurance program for older Americans. While the two remain far apart on the central issue of new tax revenue, recent statements from both sides show possible common ground on curbing the costs of Medicare, suggesting some lingering chance, however small, for a budget bargain.


CNN: Gun control debate intensifies as Grassley crafts new bill

A top congressional Republican is drafting alternative gun control legislation that threatens to undermine proposals now under consideration by leaders of the Senate's Democratic majority. A spokeswoman for Iowa's Chuck Grassley refused to give CNN details of the senator's plan. In the past, however, he has backed measures to deter "straw purchases" to clamp down on gun trafficking. He also supports new safety provisions for schools. Grassley is a staunch opponent of a ban on assault weapons and high capacity magazines.

WaPo: Dispute over guest-worker program puts immigration talks at risk of delay

A worsening dispute over a new guest-worker program has emerged as the most serious obstacle to a bipartisan deal on immigration, threatening to delay the unveiling of a Senate bill early next month. The impasse has prompted a bitter round of name-calling between labor and business groups, which accuse each other of imperiling comprehensive immigration reform. The Obama administration has remained on the sidelines as the standoff has worsened, calculating that the president would risk alienating Republican senators crucial to the process. Obama said this week that the issue is “resolvable.”

Roll Call: Graham Getting Heat Over Immigration Efforts

Sen. Lindsey Graham is coming under fire for his work on a bipartisan immigration bill, with conservative activists sounding an alarm that the South Carolina Republican is advocating “amnesty” for illegal immigrants. NumbersUSA, a group that advocates a drastic reduction of immigration, sent out “an urgent action alert” to its 31,000 South Carolina members asking them to “turn up the temperature and call the Senator to remind him that South Carolina’s 337,000 citizens who can’t find a full-time job don’t want foreign workers competing with them and don’t want Amnesty,” the group said in a release.

WSJ: Texan's Plans Put Wall Street on Edge

During Jeb Hensarling's first congressional bid, a man at a campaign stop in Athens, Texas, asked the Republican if he was "pro-business." "No," the candidate replied, drawing curious stares from local business leaders who had gathered to hear him speak, a former Hensarling aide recalled. "I'm not pro-business. I'm pro-free enterprise." Now, more than a decade later, that distinction has Wall Street on edge. The new chairman of the House financial services committee wants to limit taxpayers' exposure to banking, insurance and mortgage lending by unwinding government control of institutions and programs the private sector depends on, from mortgage giants Fannie Mae FNMA +13.98% and Freddie Mac FMCC +14.55% to flood insurance.

The Hill: Republicans press Napolitano on Saudi Arabian air travelers

House Homeland Security Chairman Mike McCaul (R-Texas) is pressing for answers about why the Department of Homeland Security (DHS) has begun talks to allow air travelers from Saudi Arabia to use a pre-screening system to fly to the U.S. In a letter to Homeland Security Secretary Janet Napolitano, McCaul and nine other Republicans on the committee asked for more details about what steps the department is taking to guard against potential terrorists using the Global Entry to enter the United States. The lawmakers pointed to the 15 hijackers involved in the September 11, 2001 terrorist attacks who were from Saudi Arabia as a key reason to be concerned.


CNN: Rush Limbaugh concedes conservatives 'lost' marriage debate

Conservatives who oppose same-sex marriage must accept that they’ve “lost the issue,” radio host Rush Limbaugh argued Thursday. “This issue is lost,” the conservative firebrand said. “I don't care what the Supreme Court does, this is now inevitable – and it's inevitable because we lost the language on this. “ Limbaugh went on to assert conservatives “lost the issue when we started allowing the word ‘marriage’ to be bastardized and redefined by simply adding words to it.”

National Journal: The Senate Trouble-Maker in Waiting

It was the night of March 6, and Sen. Rand Paul, R-Ky., was filibustering John Brennan’s nomination as CIA director. As other senators trickled into the upper chamber to help Paul persevere in his 13-hour crusade, Amash sat silently in the back of the room. He felt helpless, unable to lend a hand to Paul, his friend and fellow libertarian. Only senators are allowed to speak on the Senate floor. And Amash, a House member representing Michigan’s 3rd District, is not a senator. Not yet, anyway. Amash emerged as a potential U.S. Senate candidate one day after Paul’s filibuster, when Sen. Carl Levin, D-Mich., announced he will not seek reelection in 2014.

WaPo: Republican Rep. Don Young refers to Latinos using racial slur

Rep. Don Young (R-Alaska), in an interview with a local radio station released Thursday, referred to Latinos working on a ranch by using the derogatory term “wetbacks.” “My father had a ranch. We used to hire 50 or 60 wetbacks and — to pick tomatoes,” Young said in the interview with KRBD. “You know, it takes two people to pick the same tomatoes now. It’s all done by machine.” The term “wetback” is a slur often used to refer to illegal Mexican immigrants. Merriam-Webster defines it as “a Mexican who enters the United States illegally,” “from the practice of wading or swimming the Rio Grande where it forms the U.S.-Mexico border.” In a statement released late Thursday, Young said that during the KRBD interview, “I used a term that was commonly used during my days growing up on a farm in central California.  I know that this term is not used in the same way nowadays and I meant no disrespect.”

Politico: Rick Perry gang rides into the sunset

Texas Gov. Rick Perry finds himself at a fork in the road as he ponders his electoral future — and he may have to find his way without the full gang of political knife fighters who have had his back for over a decade. Perry, the longest-serving governor in Texas history, has been renowned for the loyalty and ruthlessness of his inner circle — a team regarded as one of the nation’s most feared campaign operations. Steering the governor through a four-way reelection fight in 2006 and then a savage 2010 GOP primary campaign, the Perry gang became known as perhaps the most ferocious state-level political team in America. Now, in the aftermath of Perry’s calamitous and dissension-riddled 2012 presidential bid, much of that gang has dispersed.

Fox News: What're the odds? Nevada lawmaker wants to allow betting on elections

These days, it's just the fate of the nation that hinges on presidential elections. But if a Nevada lawmaker gets his way, 20 bucks could be on the line, too. Las Vegas state Sen. Tick Segerblom this week introduced a bill that would allow betting in his state on federal elections, which currently can't be done in any of the states that allow gambling. It's something other countries already do, and Segerblom says he wants Nevada to start cashing in on the craze, too.

CNN: Sanford called a 'compromised candidate' during South Carolina debate

The two Republicans vying for a spot on the ballot in South Carolina's special U.S. Congressional election traded barbs Thursday over former Gov. Mark Sanford's history of marital infidelity. Opponent Curtis Bostic claimed the former governor was a "compromised candidate" because of an extramarital affair with a woman in Argentina in 2009 during his tenure in the state house. "Trust is a crucial issue. In fact, it has become a crucial issue in this race," Bostic said during Thursday's debate. A former Charleston city councilman, Bostic will face Sanford in a runoff vote on Tuesday because neither candidate received a majority in last week's primary.

Boston Herald: ‘A mad dash’ for City Hall

Mayoral hopefuls scrambled behind the scenes yesterday to woo Boston’s top political power brokers to boost their own chances in a rare, historic open election — even as they publicly paid homage to departing 20-year Mayor Thomas M. Menino. “I heard from quite a few of them today,” said Suffolk Construction CEO John F. Fish about the gaggle of candidates interested in becoming the next mayor of Boston. He declined to name any potential candidates, but said, “You’re going to have a mad dash for the next week or so.”

Politico: Allyson Schwartz plans to run for Pennsylvania governor

Rep. Allyson Schwartz has decided to run for governor of Pennsylvania, joining a developing field of Democratic candidates who believe they can beat Gov. Tom Corbett in 2014. Emboldened by a private primary poll commissioned by EMILY’s List, Schwartz has hired Obama campaign veteran Reesa Kossoff as communications director for her political operation and plans to open a state-level campaign account early next month, a source close to the five-term congresswoman said.



CNN: North Korea puts rockets on standby to 'mercilessly strike' the U.S.

North Korea's leader approved a plan to prepare standby rockets to hit U.S. targets, state media said Friday, after American stealth bombers carried out a practice mission over South Korea. In a meeting with military leaders early Friday, Kim Jong Un, "said he has judged the time has come to settle accounts with the U.S. imperialists in view of the prevailing situation," the state-run KCNA news agency reported. The rockets are aimed at at U.S. targets, including military bases in the Pacific and in South Korea, state media reported.

WATCH: VIDEO – CNN's Chris Lawrence reports on North Korean TV announcing the country's leader has ordered rockets to be on standby.

ALSO SEE: CNN: Threats of annihilation normal for South Koreans

Reuters: Iran, North Korea, Syria block U.N. arms trade treaty

Iran, Syria and North Korea on Friday prevented the adoption of the first international treaty to regulate the $70 billion global conventional arms trade, complaining that it was flawed and failed to ban weapons sales to rebel groups. To get around the blockade, British U.N. Ambassador Mark Lyall Grant sent the draft treaty to Secretary-General Ban Ki-moon and asked him on behalf of Mexico, Australia and a number of others to put it to a swift vote in the General Assembly. U.N. diplomats said the 193-nation General Assembly could put the draft treaty to a vote as early as Tuesday.

Wired: Navy Wants Lasers on Marines’ Trucks to Shoot Down Drones

If there was any doubt that the military has new confidence in its forthcoming laser arsenal, the Navy’s top geeks want to outfit Marines with a laser cannon to shoot small drones out of the sky. Specifically, the Office of Naval Research thinks that Marine air-ground task forces are too vulnerable to adversaries flying cheap, small spy drones overhead, like the four-pound Raven the Marines themselves used in Iraq. Its answer: outfit Marine ground vehicles with laser guns. It’s all part of a new Office of Naval Research program, formally unveiled Thursday, with the clunky name of Ground-Based Air Defense Directed Energy on the Move.

LA Times: Ten years after Iraq war began, Iran reaps the gains

Ten years after the U.S.-led invasion to oust Iraqi President Saddam Hussein, the geopolitical winner of the war appears to be their common enemy: Iran. American military forces are long gone, and Iraqi officials say Washington's political influence in Baghdad is now virtually nonexistent. Hussein is dead. But Iran has become an indispensable broker among Baghdad's new Shiite elite, and its influence continues to grow. The signs are evident in the prominence of pro-Iran militias on the streets, at public celebrations and in the faces of some of those now in the halls of power, men such as Abu Mehdi Mohandis, an Iraqi with a long history of anti-American activity and deep ties to Iran.


CNN: FBI's 'flying saucers' online memo intrigues public

Out of all the case files made public by the FBI online, the most popular is a memo from 1950 titled "FLYING SAUCERS," the agency said this week. The mysterious report from Guy Hottel, special agent in charge in Washington, begins with this: "An investigator for the Air Force stated that three so-called flying saucers had been recovered in New Mexico. They were described as being circular in shape with raised centers, approximately 50 feet in diameter. Each one was occupied by three bodies of human shape but only 3 feet tall." The name of the source is blacked out. So did the bureau take it seriously?

WATCH: VIDEO – CNN's Brian Todd reports on the most popular document in the FBI's digital reading room: a memo about a UFO sighting.

CNN: U.S. ex-soldier charged with using RPG for al Qaeda group

A former U.S. soldier has been arrested and charged with illegally using a weapon on behalf of an al Qaeda-affiliated group in Syria. Eric Harroun, 30, of Phoenix was arrested Tuesday night by the FBI at a hotel near Washington Dulles International Airport in Virginia. A Justice Department official tells CNN that FBI agents questioned Harroun at the hotel, then took him into custody. Harroun appeared Thursday in federal court in Alexandria, Virginia, and was charged in connection with his alleged use of a rocket-propelled grenade in Syria.

Arizona Republic: Tight border discourages immigrants from going home

U.S. southwestern border-security strategies — such as building bigger fences, imposing tougher penalties and deporting immigrants far from where they came across — are meant to discourage illegal crossings. Instead, however, these strategies have wound up encouraging those who do cross to stay here for good, concludes a sweeping report on migration and border security released Thursday by the University of Arizona’s Center for Latin American Studies.

San Francisco Chronicle: Solar plane to head across country

A plane shaped like an immense, spindly dragonfly rests inside Moffett Field's cavernous Hangar 2. It weighs as much as a car and flies on nothing but sunlight, tapped by 11,628 solar cells coating its wings. And in May, it will leave Moffett on a cross-country trip to New York City in a bid to prove that crazy ideas can sometimes work. Made by Swiss company Solar Impulse, the plane is a flying experiment, testing new ultralight materials and battery technologies while pushing the limits of solar power.


Bloomberg: New York City to Demand Paid Sick Days for Most Workers

New York City plans to require all employers with 20 or more workers to give employees paid time off when they get sick, under a compromise agreement reached last night.

The mandate will take effect on April 1, 2014, and will extend to include businesses with 15 or more employees a year later, under the accord, which was confirmed by Robin Levine, a City Council spokeswoman. It will also require all employers in the city to provide unpaid sick leave starting in 2014.

LA Times: Healthcare law could raise premiums 30% for some Californians

About 5 million Californians got a first glimpse at what they might pay next year under the federal healthcare law. For many, that coverage will come with a hefty price tag. Compared with what individual policies cost now, premiums are expected to rise an average of 30% for many middle-income residents who don't get their insurance through their employers.

Portland Press Herald: Rapist captured in Gorham after 35 years: 'How did you find me?'

When a jury in Massachusetts convicted 18-year-old Gary Alan Irving of raping three women in the summer of 1978, he faced life in prison. The crimes were horrific: Irving knocked one woman off her bicycle, forced her to a secluded area and raped her repeatedly. He forced another woman into his car at knifepoint and assaulted her. He was convicted of rape, kidnapping and unnatural acts, but the judge, in a gesture of leniency, gave him one last weekend as a free man, to say goodbye to his family and put his affairs in order before he was sentenced. Irving's father was an auxiliary police officer, so the judge reasoned that he was unlikely to flee. Irving returned the judge's trust by disappearing for the next 34 years.

Denver Post: Scathing audit throws Colorado recreational marijuana rules into chaos

Colorado's under-construction plan for regulating recreational marijuana nearly came unglued Thursday, when lawmakers questioned whether the agency that would enforce the rules is up to the task. The plan called for the state's Medical Marijuana Enforcement Division — which regulates medical-marijuana businesses — to transition to the Marijuana Enforcement Division and be in charge of all pot enterprises in the state. But a scathing audit released this week cast doubt on the division's fitness for handling the massive job. And it threw into chaos what was scheduled to be the final meeting of a legislative committee drafting a bill on recreational marijuana regulations.

WUSA: Gun Ban Could Cost Maryland Hundreds Of Jobs

One Maryland company could be sending away hundreds of jobs and millions of dollars to another state because of the controversial gun ban. LWRC International may take 40 million dollars worth of tax revenues and hundreds of jobs out of state if a gun ban makes it through the state House.  The owner Dick Bernstein said, "This is money that we are bringing in and spending locally."

Wilmington News Journal: Gun bill passes by 7 votes

Legislation to expand background checks for firearm sales in Delaware to cover most private transactions passed the House on Thursday and now heads to the Senate for consideration. The bill, the first in a package of gun-control measures to receive a full vote in a chamber of the General Assembly, now includes 10 House amendments drafted by the Democratic majority to assuage concerns of the gun lobby.

Des Moines Register: Christie Vilsack takes federal post in Washington, D.C.

Democrat Christie Vilsack got a job in Washington, D.C. after all. Vilsack, who lost an Iowa congressional race last fall, has been appointed a senior advisor for international education at the United States Agency for International Development. …This will be the first time in more than four years that Vilsack has lived in the same town as her husband, U.S. Agriculture Secretary Tom Vilsack. The news that the Vilsacks are settling down together in Washington immediately raised questions about whether it’s now less likely that Tom Vilsack will return to Iowa to run for governor next year.

Detroit Free Press: Gov. Rick Snyder touts right-to-work law as protesters ridicule him

As Michigan's controversial right-to-work law went into effect Thursday, Gov. Rick Snyder said he doesn't view the law as anti-union, but rather as pro-worker. "I think the labor movement has done a lot of great things in their history, but has their role evolved enough to recognize our new role today?" Snyder said during a speech Thursday at the Pancakes and Politics forum sponsored by the Michigan Chronicle. "I think it will bring jobs to Michigan."


CNN: U.N. sending 'offensive' brigade to Democratic Republic of Congo

The United Nations Security Council unanimously approved a resolution Thursday to deploy about 3,100 peacekeepers to a restive region in the Democratic Republic of Congo, the U.N. announced. The intervention brigade will carry out targeted offensive operations and attempt to neutralize armed groups, the U.N. said in a statement. The force will be based in the North Kivu province in the eastern part of the country. Government forces are battling a rebel group there called M23.

CNN: Musharraf tackles legal woes with Taliban death threat hanging over him

The Taliban want him dead. Many want him in jail. Former Pakistani President Pervez Musharraf has said he is willing to risk both to save his country, which he returned to a week ago. A court in Karachi ruled Friday to extend his "protective bail," which was granted before he arrived back in the country, said his spokesman, Aasia Ishaque. The protective bail serves to prevent arrest for past charges against the former president.

WSJ: Taliban Thrive in Pakistani Commercial Hub

Large neighborhoods in Pakistan's biggest metropolis have fallen under the control of the Taliban over the past year, according to residents and officials here, a development that could disrupt the country's economy and endanger the U.S. military pullout from Afghanistan. The Pakistani Taliban, a movement that was spawned by the Afghan Taliban but now operates separately, are now the dominant force in entire districts of this sprawling city of 20 million people, residents said. The group has established tribal courts, operates extortion rackets and stages terrorist attacks in the city, the economic heart of Pakistan and its only major port.

CNN: Four suspects arrested in rape case, Libyan officials say

Two British female activists were raped two days ago in the eastern city of Benghazi and four suspects have been arrested, Libyan officials said Thursday. In a statement posted on his official Facebook page, Libya's Deputy Prime Minister Awad al-Barassi said the women, who are sisters, were kidnapped Tuesday and raped in front of their father.

CNN: France to cut troop levels in Mali

France will cut its troop levels in the west African nation of Mali from 4,000 service members to about 1,000 by the end of the year, French President Francois Hollande said Thursday evening during a live interview with CNN affiliate France 2. Islamist extremists carved out a large haven in northern Mali last year, taking advantage of a chaotic situation after a military coup by the separatist party MNLA. French involvement in the conflict began January 11, and in recent weeks, French and allied forces, including Malian and Chadian troops, have made significant inroads combating the rebels.


CNNMoney: Sprint, SoftBank vow to drop Huawei equipment

Wireless carrier Sprint and SoftBank, its Japan-based suitor, have assured lawmakers in the U.S. that they will stop using equipment manufactured by China's Huawei. Softbank is seeking to buy 70% of Sprint for $20 billion, but must win the approval of regulators and agencies that have become increasingly wary of Chinese suppliers. Rep. Mike Rogers, chairman of the House Intelligence Committee, said Thursday that he was pleased with the commitments made by both Sprint and SoftBank.

CNNMoney: What a quarter! Dow and S&P at record highs

Finally. Stocks wrapped up a stellar first quarter Thursday with the S&P 500 finishing at a new high, after flirting with the milestone for weeks. The benchmark index gained 6 points, or 0.4%, to end at a record close of 1569.19, inching above its previous record of 1565.15 from October 2007. Despite the new milestone, trading was relatively calm and light as investors monitored the ongoing crisis in Cyprus and mulled over new economic data in the United States. The Dow Jones industrial average and the Nasdaq rose just a little over 0.3%. The markets will be closed tomorrow in the United States and most of Europe for Good Friday.

Bloomberg: Ford Sued in Class Action Claiming Sudden Acceleration

Ford Motor Co. (F) was sued on behalf of customers in 14 states over claims that its vehicles are subject to unintentionally accelerating and lack fail-safe measures to prevent crashes.The complaint, filed yesterday in federal court in Huntington, West Virginia, claims that Ford’s electronic throttle system can take control of the accelerator and leave drivers unable to stop the vehicle. The company added a brake override system in its North American cars in 2010 that it failed to include in older-model cars, according to the complaint.

CNNMoney: Facebook's Mark Zuckerberg faces $1 billion tax bill

Facebook's stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion - and a 2012 tax bill of around $1.1 billion.

Zuckerberg's whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook's initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a "strike price" of 6 cents each. Even if those shares are never sold, the IRS treats them as ordinary income at the time the options are exercised.


Filed under: Washington AM Note
soundoff (3 Responses)
  1. Gurgyl

    Pakistan is the most dangerous nation–watch. Well, GOP guys paid 20 billion dollars a year believing–the most dumb president in history was GOP guy.

    March 29, 2013 06:52 am at 6:52 am |
  2. king

    i am very upset with the fed, they have been pushing hundreds of billions of dollars to wall street claiming its for wall street to hire folks. what cool aid are they drinking. wall street is hoarding money in other countries to hide from the tax man, and when they do invest its in china, when they know the Chinese is building up their war machine with American money. now if north Korea attacks America, china will defend them. the fed need to stop drinking wall street cool aid and start investing their money on main street. if the fed just push a billion dollar to every state for small businesses to hire folks, the money will stay in America and the unemployment rate will dive for a full year. it will be better than the 70 billion they are now spending a month, and not seeing any improvements. push the money to the local folks and you will see hiring galore for 5 to 10 years with half the money you are pushing to wall street right now. hell i have a lot of ideas that will push this country into the 21st century. all i need is investors like the fed. i even got an idea that would revolutionize our arm forces, and this is not no star was stuff either. i just want to see the fed focus on the local economy and not the international one, which is what wall street have now become, and believe me we are not winning their affections like china is, the repubs have stand in our way long enough by guarding and supporting this crap.

    March 29, 2013 07:21 am at 7:21 am |
  3. P G Williams

    Suicide bomber reminds me of King David weeping "Died Abner as a fool dieth" (2nd Samuel 3: 33)

    March 29, 2013 09:43 am at 9:43 am |