CNN Washington AM Note
April 25th, 2013
05:41 AM ET
7 years ago

CNN Washington AM Note


CNN: Representative: Father of Boston bomb suspects to fly from Russia to U.S.

His older son's body remains unclaimed. His younger son is hospitalized with severe injuries, and faces terrorism and murder charges. Anzor Tsarnaev is expected to step off a flight in the United States in the coming days after his travel from Dagestan. He may be bringing along important information for the investigation into the marathon bombings that killed three and injured hundreds on April 15. He is to depart for the United States as soon as Friday, human rights activist Kheda Saratova told CNN. Saratova is serving as the parents' representative. Tsarnaev has said he will cooperate in the investigations into the alleged crimes of his sons, Dzhokhar, 19, and Tamerlan, 26. The elder son was killed while the two allegedly violently resisted and fled police.

ALSO SEE: Christian Science Monitor: Why trial for Boston bomb suspect could be at least a year away

WATCH: VIDEO – CNN's Joe Johns examines the databases on which Tamerlan Tsarnaev was placed before the Boston bombing.

CNN: Keys to Boston attack could lie half a world away in restive region of Russia

The building, No. 50, that members of the Tsarnaev family call home sits on a seemingly quiet street in Makhachkala. The capital of Dagestan, a semi-autonomous republic in southern Russia, borders the Caspian Sea on one side and on the other overlooks the Caucasus Mountains. For a time in 2012, Tamerlan Tsarnaev stayed here with his parents. He shopped at stores in Makhachkala, prayed at a local mosque. What authorities want to know is whether it was here that Tamerlan learned, or perhaps was inspired, to kill.

ALSO SEE: CNN: Russia asked U.S. twice to investigate Tamerlan Tsarnaev, official says

WSJ: 'Terror' Threatens Insurance Payouts

President Barack Obama has called last week's Boston bombings an "act of terror," but businesses near the blast site may have a vested interest in keeping that designation unofficial. Companies could lose insurance payouts for property, lost income and other damage if the bombings are officially declared an act of terrorism by key U.S. officials, under an 11-year-old law that hasn't yet been tested, according to industry executives and lawyers, as well as city and business leaders in Boston. The reason: After the Sept. 11, 2001, terrorist attacks, policies sold to business customers typically haven't covered losses stemming from "terrorism" unless the customer pays extra for the coverage. The 2001 attacks resulted in about $40 billion in insured damages, when measured in today's dollars.

CNN: Police: Body found in river may be missing Brown University student

The body of a young man found in the Providence River on Tuesday may be that of Sunil Tripathi, a student at Brown University who disappeared March 16, police told CNN. A Brown rowing coach reported a body in the river near India Point Park, Lindsay Lague, a spokeswoman for the Providence Police Department, said Wednesday. Lague said authorities may be able to identify the body as soon as Thursday morning.

WATCH: VIDEO – Piers Morgan talks to the family of Sunil Tripathi, who went missing and was misidentified as a Boston bombing suspect.

CNN: FBI searches for clues in ricin investigation

FBI agents on Wednesday searched the former martial arts studio of a Tupelo man in connection with the investigation into ricin-tainted letters sent to President Barack Obama and other officials, the man's lawyer, Lori Basham, told CNN. Agents in hazardous materials suits had searched James Everett Dutschke's home on Tuesday, the same day prosecutors dropped charges against the man arrested last week on suspicion of sending the letters. Authorities have not called Dutschke a suspect and no charges have been filed. It was unclear what, if anything, they found.

WaPo: Feds spend at least $890,000 on fees for empty accounts

If you are a federal worker on furlough this week — or an airline passenger delayed by federal furloughs — you might want to save your blood pressure and go read another story. This one is about all the money the U.S. government spends on . . . nothing. It is one of the oddest spending habits in Washington: This year, the government will spend at least $890,000 on service fees for bank accounts that are empty. At last count, Uncle Sam has 13,712 such accounts with a balance of zero. They are supposed to be closed. But nobody has done the paperwork yet.

CNN: Two fuel barges on Alabama's Mobile River explode; 3 hurt

Authorities kept their distance as a fire raged on board a pair of fuel barges on Thursday morning, hours after exploding at a docking area on Alabama's Mobile River. Steve Huffman with Mobile Fire and Rescue said conditions remain too volatile for fire crews to approach. At least six explosions have been reported and were heard up to 20 miles away. Just half a mile across the bay, Alan Waugh, the general manager at the Ft. Conde Inn, said he saw and heard the initial explosion when it happened.


CNN: Obama to attend memorial for victims of Texas plant explosion

In a central Texas town still looking for answers, President Barack Obama will join the community of West on Thursday for a memorial service for the 14 people killed in a fertilizer plant explosion last week. First lady Michelle Obama will also attend the service at Baylor University in nearby Waco, Texas. Before leaving Washington, Obama signed a proclamation ordering all flags in the state to be flown at half-staff for the day. City workers from Waco will replace West workers Thursday so they can attend funerals and take a break from trying to repair the city's water system and cleaning up the town.

The Hill: Obama defends GOP outreach, even if some think he's a 'sap'

President Obama said Wednesday that he would continue reaching across the aisle to Republican lawmakers even if some of his donors "think I'm a sap.” The president spoke Wednesday at a fundraiser for the Democratic National Committee (DNC) in Dallas, the fifth fundraiser he's held since being sworn in for a second term earlier this year. Obama told the attendees, who paid between $10,000 and $32,400 to attend the dinner, that while he was proud of his first term, the country "still had work to do. Unfortunately, right now Washington is not – how do I put this charitably? It’s not as functional as it should be," Obama said. "It could do better.”

CNN: Ahead of library opening, Obama says Bush 'loves this country'

His predecessor may be his political opposite, but President Barack Obama stressed Wednesday that George W. Bush remained steadfast in his love of country. Speaking at a Democratic fundraiser in Dallas on the eve of Bush's presidential library dedication, Obama said he was eagerly anticipating attending the event, which will bring together all five living U.S. presidents. "I’m really looking forward to attending the Bush library opening tomorrow," Obama said, according to reporters traveling with him. Cameras were not permitted inside the event. "One of the things I will insist upon is whatever our political differences, President Bush loves this country and loves its people and shares that same concern, and was concerned about all people in America, not just those who voted Republican. I think that’s true about him and I think that’s true about most of us," he continued.

ALSO SEE: CNN: A glimpse at a Bush White House before everything changed

NY Post: Presidential partiers

Justin Timberlake and Jessica Biel have come aboard to co-host a Barack Obama fund-raising reception being thrown by Harvey Weinstein and Georgina Chapman next month, Page Six has exclusively learned. The president’s expected to appear May 13 at the DNC reception, being held at the Manhattan home of Weinstein and Chapman. The intimate party is billed to include fewer than 65 guests with tickets costing $32,400 per couple. Timberlake was spotted playfully cutting a rug with Jimmy Fallon, right next to Gabrielle Giffords’ table, at a Time 100 gala Tuesday night.


Reuters: Starbucks, under fire in UK, seeks U.S. tax breaks

Coffee chain Starbucks Corp (SBUX.O), which has faced criticism for its low tax rate in Britain, has sought new tax breaks in the United States in comments to a congressional committee. As U.S. lawmakers move closer to possibly overhauling the tax code for the first time since 1986, scores of companies and interest groups have submitted comments to the tax law-writing Ways and Means Committee in the U.S. House of Representatives. Ways and Means Chairman Dave Camp, a Republican, has vowed to introduce tax code overhaul legislation this year.

Politico: Lawmakers, aides may get Obamacare exemption

Congressional leaders in both parties are engaged in high-level, confidential talks about exempting lawmakers and Capitol Hill aides from the insurance exchanges they are mandated to join as part of President Barack Obama’s health care overhaul, sources in both parties said. The talks — which involve Senate Majority Leader Harry Reid (D-Nev.), House Speaker John Boehner (R-Ohio), the Obama administration and other top lawmakers — are extraordinarily sensitive, with both sides acutely aware of the potential for political fallout from giving carve-outs from the hugely controversial law to 535 lawmakers and thousands of their aides. Discussions have stretched out for months, sources said. A source close to the talks says: “Everyone has to hold hands on this and jump, or nothing is going to get done.”

WSJ: Immigration Bill Uncertain in House

The last time House Republicans passed a broad immigration overhaul, they called for expedited deportations and tougher criminal penalties, but did nothing to expand guest-worker programs or address the millions of immigrants in the country illegally. Now, more than seven years later, many lawmakers who backed that bill are vowing another tough stand if the Senate passes a bill to expand work visas and create a pathway to citizenship for people now in the country illegally. "It will have to be killed in the House," said Rep. Steve King (R., Iowa). "We are ready." At the same time, there are reasons to believe Republicans there will be more receptive this time to provisions rejected in 2005. Most Republicans serving today weren't around during the earlier fights of 2005 and 2006 and didn't experience the conservative backlash that arose to the effort driven by then-President George W. Bush to liberalize immigration laws.


NYT: House Majority Leader’s Quest to Soften G.O.P.’s Image Hits a Wall Within

Representative Eric Cantor of Virginia, the House majority leader, has been trying for months to remake the image of the Republican Party, from one of uncompromising conservatism to something kinder and gentler. It isn’t working so well. On Wednesday, Republican leaders abruptly shelved one of the centerpieces of Mr. Cantor’s “Making Life Work” agenda — a bill to extend insurance coverage to people with pre-existing medical conditions — in the face of a conservative revolt. Last month, legislation to streamline worker retraining programs barely squeaked through. In May, Republican leaders will try again with legislation, pitched as family-friendly, to allow employers to offer comp time or “flex time” instead of overtime. But it has little prospect for Senate passage.

National Journal: Mark Pryor May Soon Have A Bloomberg Problem

Mayors Against Illegal Guns, the well-funded group co-founded by New York Mayor Michael Bloomberg, is seriously considering a months-long television, radio and direct-mail campaign against Arkansas Sen. Mark Pryor, one of four Democrats who opposed expanding a background check for guns. The goal: Make an example of him. Senior members of Mayor’s Against Illegal Guns met at length Sunday to debate potential responses to the failure of President Obama’s gun regulation package, including a watered-down background check provision that fell five votes short.

CNN: Bush 43: 'History will ultimately judge ... I'm a content man'

George W. Bush is a proud new grandfather and fascinated by his unlikely new hobby: painting. But some things haven't changed a bit: the trademark smirk when he is amused, a squinty glare when he doesn't appreciate the question - and a quick turn to humor when the conversation turns to "legacy," including the scars of Iraq or the cloud of Katrina. "History will ultimately judge the decisions that were made for Iraq and I'm just not going to be around to see the final verdict," the two-term president told CNN in a wide-ranging interview. "In other words, I'll be dead."

ALSO SEE: ABC: George W. Bush Thinks Jeb Should Run for President

CNN: Hillary, Jeb in spotlight before Bush library dedication

One day before the dedication of the President George W. Bush Presidential Center in Dallas, two people considering runs for the White House in 2016 are giving speeches in the same city. Former Secretary of State Hillary Clinton addressed the National Multi Housing Council. The trade association, which represents apartment owners, developers and lenders, told CNN that Clinton would address around 350 people, speaking for about an hour, with a moderated question and answer conversation.

CNN: Weiner 'can't say' if more photos exist

Anthony Weiner, looking to re-enter politics after resigning in shame after a sexting scandal, couldn't say for sure Wednesday whether more lewd photos of him are poised to be released. The former New York congressman said the sexting scandal was behind him. "I'm not going to participate in that anymore," he told RNN Television. "If reporters want to go and try to find more, I can't say they're not going to be able to find another picture, find another person who may want to come out on their own. But I'm not going to contribute to that. The basics of the story are not going to change. It's behind me. It was a huge mistake."

LA Times: N.Y. Mayor Bloomberg gives $350,000 to L.A. school board race

New York City Mayor Michael Bloomberg donated $350,000 to the L.A. school board campaign this week, records show. Bloomberg's contribution, which was filed Tuesday, will enlarge an already sizable warchest of the Coalition for School Reform, a political action committee led by Los Angeles Mayor Antonio Villaraigosa. The goal of the coalition is to back candidates who will support the policies of L.A. schools Supt. John Deasy and pledge to keep him on the job.

BuzzFeed: Log Cabin Republicans Tell Party To End "Obsession" With Opposing LGBT Equality

Log Cabin Republicans will debut a new ad campaign Thursday pushing the GOP to abandon its "obsession" with opposing LGBT equality. In a full-page ad to run in Politico on Thursday, LCR argues the Republican party "must put an end to its obsession with opposing equal rights for LGBT Americans. ... If you don't make the tent bigger, you might as well fold it up and go home." The ad push comes on the heels of Rhode Island's Republican senators unanimously backing marriage equality, and the organization hopes to see further movement across the country on the issue.


CNN: South Korea warns North not to reject offer of talks on crisis at industrial zone

South Korea on Thursday warned North Korea of serious consequences if it rejects an offer to hold talks about the dire situation at their shared manufacturing zone where Pyongyang has halted activity amid recent tensions. The South Korean Unification Ministry spokesman Kim Hyung-seok urged the North to respond to the offer of talks over the zone, the Kaesong Industrial Complex, by noon on Friday. Kim said that if Pyongyang turns down the offer, Seoul would have no choice but to take "grave" measures. He did not specify what those measures might involve.

Haaretz: U.S. seeks to convene 4-way Mideast summit in June

The American Administration plans to convene a four way Middle East peace summit in which U.S. President Barack Obama, Israeli Prime Minister Benjamin Netanyahu, Palestinian President Mahmoud Abbas and Jordan’s King Abdullah will participate. Well-placed U.S. sources said the summit is slated to convene in Washington during the month of June- with thought already being devoted to avoid a scheduling clash with the 2013 Israeli Presidential Conference and the 90th birthday celebrations of President Shimon Peres. The sources said that Turkey, Egypt and other Arab countries may also be invited to participate in the summit, though it’s not clear yet at what level.

NYT: South Korea and U.S. Fail to Reach Deal on Nuclear Energy

South Korea and the Obama administration delayed the deadline for a deal that Seoul had hoped would allow it to begin making its own fuel for its civil nuclear energy program, but that the United States feared would undermine its attempts to curb nuclear proliferation. It had appeared that a deal might be reached this year, but officials in both countries said the deadline would slip until 2016.  The government of President Park Geun-hye has been pushing hard for the United States to lift a ban, part of a treaty signed in 1972, that prevents South Korea from enriching uranium and reprocessing spent nuclear fuel.

Reuters: Pentagon sees risks, progress on Lockheed's F-35 jet

Top Pentagon officials on Wednesday cited both progress and continuing risks on the $396 billion Lockheed Martin Corp F-35 fighter program, and said Singapore had shown "tremendous interest" in the next-generation stealth fighter. Air Force Lieutenant General Christopher Bogdan, the Pentagon's F-35 program chief, told a subcommittee that he expects to reach agreement with Lockheed about a sixth and seventh batch of F-35s by the end of May, followed by a contract award in June. Sources familiar with the matter said the deal would cover 71 planes and would be worth about $9 billion. Bogdan told a subcommittee of the Senate Armed Services Committee that Singapore would likely decide by this summer whether to buy the new warplane.


CNN: Justice Department workers won't face furloughs before October

Thousands of Department of Justice employees can breathe a little easier after learning they won't be furloughed due to forced budget cuts, but that assurance is good only until October 1, when a new fiscal year begins for the federal government. Attorney General Eric Holder sent a memo to department workers on Wednesday, which CNN obtained. It said, "thousands of critical FBI and ATF agents, deputy U.S. marshals, prosecutors, and other department employees will remain on the job protecting national security, fighting violent crime and enforcing our laws." Employees were expected to be furloughed as many as 14 days when across-the-board budget cuts went into effect earlier this year after the White House and Congress couldn't agree on another way to reduce the deficit.

NYT: In a First, Judge Orders Legal Aid for Mentally Disabled Immigrants Facing Deportation

A federal judge in California has ordered immigration courts in three states to provide legal representation for immigrants with mental disabilities who are in detention and facing deportation, if they cannot represent themselves. The decision is the first time a court has required the government to provide legal assistance for any group of people before the nation’s immigration courts.

WSJ: Judge Denies FBI Request to Hack Computer in Probe

A judge in Texas denied a request by the Federal Bureau of Investigation this week for what he describes as a warrant to remotely "hack a computer suspected of criminal use," raising questions about the legal requirements for the government to use computer hacking techniques in investigations. The case offers a rare look at the use of "offensive" computer security tools by the U.S. government. Most past such legal requests and rulings on them have been sealed. By "surreptitiously installing software"—a technique typically associated with computer hackers—investigators are able to infiltrate computers and gather extensive information, according to a document in the case.

Milwaukee Journal Sentinel: Before flawed gun-buying sting, ATF mishandled another Milwaukee case

More than a year before federal agents botched a gun-buying sting in Milwaukee's Riverwest neighborhood, they rented a warehouse amid the taquerias and taverns that line S. 13th St. Instead of going after gun and drug arrests, ATF agents used the south side sting – also dubbed Fearless Distributing – to target cigarette sellers trying to cheat the government out of taxes. They snared several criminals, but made a careless mistake, one they would repeat six months later: They left behind valuable merchandise and got ripped off.

Seattle Times: FAA, Boeing delegated much of 787 testing

Federal regulators certifying the safety of the 787’s lithium-ion batteries never visited the battery’s manufacturer in Japan nor the company that designed the surrounding battery system in France, according to testimony at an investigative hearing Wednesday. That was one of the jobs entrusted to Boeing employees who were handling much of the Federal Aviation Administration’s detail work on certification of the plane’s new technology, officials at the companies told the National Transportation and Safety Board (NTSB) hearing.


WaPo: With health law looming, one large insurer wants a 25 percent premium hike

Maryland’s biggest health insurer proposed raising premiums for individual policies by an average of 25 percent next year, saying that President Obama’s health law would require it to accept even the sickest applicants, driving up costs. The CareFirst BlueCross BlueShield plan must be approved by the state, and officials immediately indicated that there would be close scrutiny of the double-digit boost. Across the country, insurers are beginning to propose premiums for the plans they will offer on the health insurance exchanges — online marketplaces for individuals to compare and purchase policies — due to open for enrollment Oct.1. CareFirst’s move indicates major insurance companies will not shy away from proposing large premium hikes — and placing the blame on the new federal regulations.

Burlington Free Press: Ben Cohen joins F-35 protest as Leahy's staff criticizes 'publicity stunt'

Local opposition against basing the F-35A next generation fighter/bomber at Burlington International Airport continued Wednesday as Ben and Jerry’s co-founder Ben Cohen joined a small group of activists in front of Sen. Patrick Leahy’s Burlington office to rail against a weapons procurement system “at the federal level that’s run amok.” Cohen was joined by Carmine Sergeant, 69, who has lived next to the airport for 41 years and got involved in the protests because, she said, the powerful proponents of basing the plane at the Vermont Air National Guard’s facility at the airport have “ignored” those who would be most affected by the plane. She has canvassed her neighbors, she said, and found no one who wants the new plane based at the airport.

Sacramento Bee: Nevada changes psychiatric discharge policy; patients to have travel escorts

In a dramatic change to their controversial discharge practices, Nevada health officials no longer will send state psychiatric patients alone on buses to cities across the country, they said Wednesday. Effective immediately, a chaperone will accompany any mentally ill patient discharged from state facilities "for whom the state is paying transportation costs" to points outside of Nevada, said Mary Woods, spokeswoman for the Department of Health and Human Services. Family members, legal guardians or state employees could serve as chaperones, Woods said. The policy change was announced as the state and its primary inpatient facility for the mentally ill, Rawson-Neal Psychiatric Hospital in Las Vegas, face allegations of "patient dumping" stemming from a Bee report published earlier this month.

Detroit Free Press: FBI outreach aims to show kids, communities: You can trust the cops

The snitches-get-stitches mentality among her students is a sore spot for Detroit school principal Tamara Johnson. Students don’t tell on their friends, she says. And they don’t trust cops. “When they think about law enforcement, it’s all bad. ... I don’t think they see the police or FBI as people who can help anymore,” said Johnson. The nation’s top cops are hoping to change that mind-set. The FBI has an outreach program that places agents and specialists into schools and neighborhoods across metro Detroit and throughout the country, hoping to build trust and relationships — and recruit future agents. The program’s motto: “The better we know our communities, the better we can protect them.”


CNN: Desperate search for survivors from Bangladesh building collapse

A day after a building collapsed in Bangladesh killing at least 160 people, rescuers clambered through the mangled ruins Thursday, desperately searching for people trapped in the rubble. The eight-story building on the outskirts of the capital, Dhaka, caved in Wednesday, leaving a chaotic mass of broken concrete and twisted metal. It housed garment factories employing about 2,500 workers, many of whom had been uneasy about entering the building after cracks appeared Tuesday.

ALSO SEE: CNNMoney: Bangladesh factory collapse kills at least 160, reviving safety questions

NYT: Syria Campaigns to Persuade U.S. to Change Sides

As Islamists increasingly fill the ranks of Syrian rebels, President Bashar al-Assad is waging an energized campaign to persuade the United States that it is on the wrong side of the civil war. Some government supporters and officials believe they are already coaxing — or at least frightening — the West into holding back stronger support for the opposition. Most of the prisoners, like Khaled Hamdo Shami, were Syrians, not from other countries. Confident they can sell their message, government officials have eased their reluctance to allow foreign reporters into Syria, paraded prisoners they described as extremist fighters and relied unofficially on a Syrian-American businessman to help tap into American fears of groups like Al Qaeda. “We are partners in fighting terrorism,” Syria’s prime minister, Wael Nader al-Halqi, said.

ALSO SEE: WSJ: U.S. Says Allies Won't Steer Its Syria Policy

CNN: Minaret destroyed at 12th-century Syrian mosque on World Heritage list

Both sides in Syria's civil war were in rare agreement Wednesday: The minaret at a 12th-century mosque in Aleppo has been obliterated. Unclear, however, was who destroyed the tower at the Great Umayyad Mosque, which has witnessed the march of nine centuries. It was just last month that a United Nations official expressed concern about the two-year war possibly damaging the mosque, a World Heritage site. An opposition group blamed the government.

ALSO SEE: The Guardian: Syria crisis: UN to study soil samples for proof of sarin gas

CNN: Iraq, on edge over violence, endures more bloodshed

More violence engulfed Iraq on Wednesday as tensions rose between Sunnis and Shiites, with the latest bloodshed spurred by deadly clashes the day before in the town of Hawija. Fighting between security forces and gunmen in Sulaiman Pek left 19 people dead. On Wednesday, Sulaiman Pek was completely under control of militants, Ali Hashim, a member of the Salaheddin provincial council, told CNN. Iraqi security forces withdrew from the town to prevent more bloodshed there, he said. Most of the gunmen are residents of the town, Hashim added.

Financial Times: Chinese roll out red carpet for Hollande

When France’s President arrives in Beijing on Thursday the Chinese government will roll out the red carpet, in striking contrast to the open aversion it has shown towards Britain for the past year. François Hollande will meet newly installed Chinese President Xi Jinping and Li Keqiang, premier, along with other top Communist Party officials during a two-day visit that analysts and diplomats say is partly aimed at applying pressure on London. The UK government has been in China’s diplomatic deep-freeze since May last year when David Cameron, UK prime minister, met the Dalai Lama, the spiritual leader of Tibet, who is reviled by the Chinese government.

CNN: Spain's unemployment rate climbs to record high

Spain's unemployment rate rose to a record high of 27.2 % in the first quarter of 2013, the Spanish National Institute of Statistics said Thursday. The figure represented an increase of 1.1 % from the previous quarter as a painful recession continues to take a toll on the debt-stricken nation. In 2007, before the global economic crisis hit, Spain had 1.9 million people unemployed - 8.6% of the active population. The figure now is 6.2 million people unemployed. Joblessness is higher among men than women. Youth unemployment is also a particular issue.

BBC: UK economy avoids triple-dip recession

The UK economy has avoided falling back into recession. The Office for National Statistics said its preliminary estimates for gross domestic product (GDP), showed the economy grew by 0.3% in the first three months of the year. The figure means the economy avoided two consecutive quarters of contraction – the definition of a recession. The growth figure was better than expected and Chancellor George Osborne said it was an "encouraging sign".


Reuters: Exclusive: Verizon eyes roughly $100 billion bid for Verizon Wireless stake

Verizon Communications Inc has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from joint venture partner Vodafone Group Plc, two people familiar with the matter said on Wednesday. Verizon, which already owns 55 percent of Verizon Wireless, has not yet put forward a proposal to Vodafone but it has hired both banking and legal advisers for a possible bid, the sources said. Verizon hopes to start discussions with Vodafone soon for a friendly deal but is prepared to take a bid public if the British company does not engage in talks, one of the sources added.

CNNMoney: Apple's tax dodge

It's no secret that Apple has an impressive $144 billion in cash. But more than $100 billion of that is overseas. Instead of using its own cash hoard to reward shareholders, Apple plans to go into debt for the first time ever. Apple CEO Tim Cook said late Tuesday that the company will double the amount it returns to shareholders through share buybacks and dividends by 2015, but will "access the debt market" to pay for it. Borrowing money seems odd for a company like Apple (AAPL), which has $144 billion in cash. But more than $100 billion of that is overseas. If Apple were to try to bring that cash back to the United States, it could be taxed at the top corporate tax rate of 35%. And that doesn't sit well with Apple.

CNNMoney: Meet your new $100 bill

For only the fourth time in history, there will be a new $100 bill. After a three-year delay due to slower-than-expected production, Americans will finally have an improved, high-tech $100 bill for their wallets, the Federal Reserve said Wednesday. The bill is set to debut on Oct. 8. What's so special about the new greenback? To start, the Fed says the the bill is a culmination of a decade-long research and design process.


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soundoff (One Response)
  1. king

    its amazing how these repubs are comparing Bush presidency and Obama, saying that terrorist attack was zero in bush presidency. i wonder where these repubs was when 9/11 happened, this was the worst terrorism act in american history, wasn't bush the president then. the main danger right now is domestic grown terrorism, and why is the repubs wants no regulations on military style weapons nor background checks. i wonder if a jehad-is could get their hands on a bomb, and use an assault weapon in a crowded area to kill more people than a bomb could ever do, i wonder what the repubs will say then "oops". The repubs need to stop talking about terrorism prevention, while giving terrorist easy access to create mass destruction, what kind of reverse psychology is that.

    April 25, 2013 07:18 am at 7:18 am |