When Rabbi Craig Ezring's annual health insurance costs soared 38 percent this year to a whopping $18,636, he did more than just complain.
He went looking for a young wife.
For several years, the Boca Raton, Fla., rabbi had been getting coverage through a small corporation he formed with his wife. When she died four years ago, he thought the cost of his insurance coverage would drop. Instead it rose.
In July, a South Korean court awarded $932 in damages to a man who sued Apple over the iPhone's ability to track users' location — and store the data for up to a year. Now, around 27,000 South Koreans are making the same complaint, and seeking the same award.
If Apple loses in court, it may have to pay a total of $25.7 million, to match the original judgment of 1 million Korean won in damages for each plaintiff.
Some pictures of the brand new U.S. ambassador to China are causing quite a stir. There's no scandal, instead the pictures have the Chinese reconsidering how their own public servants should act.
And it's all because of a coffee break.
We'll explain: Someone took a picture of Ambassador Gary Locke buying his own coffee at Starbucks in the Seattle-Tacoma International Airport. And, then, later pictures showed Locke and his family arriving at a Chinese airport carrying their own bags.
Syrian tanks and gunships are attacking neighborhoods in towns and cities around the country that have been hotbeds of anti-government protest, as the government pushes ahead with what's being called a Ramadan offensive.
Activists say the latest, most grisly trend is to detain protesters, torture them to death, then release their bodies for all to see. Activists say of the 70 deaths in detention they've documented so far, nearly 40 have been in the central city of Homs.
Originally published on Wed August 24, 2011 10:39 am
It's safe to say President Obama probably isn't going to get much of anything that can be seen as an initiative of his administration through Congress in the next 15 months.
Obama and congressional Republicans have two entirely different prescriptions for how to create jobs, for instance. Obama emphasizes investments in infrastructure that would employ construction workers, for instance.
Meanwhile, congressional Republicans argue that their agenda of tax cuts and fewer regulations would cure a too-high jobless rate.
Tens of thousands of Indians took the streets in a peaceful protest today. The protesters came out in support of Anna Hazare, an anti-corruption crusader, who has captured the imagination of the country and forced the government into a corner.
Google's plans to buy Motorola Mobility for $12.5 billion might seem like a lot of money, but the Web giant can easily afford it. At the end of last year, Google was sitting on nearly $35 billion in cash.
And it's not alone. The U.S. economy may be slowing to a crawl, but a lot of individual companies are richer than ever. They're being cautious about how they spend their cash, though.
"Companies are generating and maintaining more cash than they have aggregate uses for," says Rick Lane, a senior vice president at Moody's.
Originally published on Wed August 17, 2011 2:03 pm
The Swiss franc has emerged as a safe haven currency for investors spooked by economic uncertainty in the U.S. and the European Union's euro zone. In the past year, the franc's value has soared — and now Swiss shoppers are going bargain-hunting in Europe's malls and shops.
The polar bear researcher who was suspended from his government job last month has received a new letter from investigators that lays out actions he took that are described as being "highly inappropriate" under the rules that apply to managing federal contracts.
According to the letter, wildlife biologist Charles Monnett told investigators that he assisted a scientist in preparing that scientist's proposal for a government contract. Monnett then served as chair of a committee that reviewed that proposal.