Chinese man costs U.S. businesses $100 million in lost revenue; faces 25 years
WILMINGTON, Del. — A Chinese national pleaded guilty last week to conspiracy to commit criminal copyright infringement and wire fraud. The individual operated a website used to distribute more than…
USDA Announces Investments in Bioenergy Research and Development to Spur New Markets, Innovation, and Unlimited Opportunity in Rural America
KING OF PRUSSIA, Pa., Jan. 11, 2013—Agriculture Secretary Tom Vilsack visited a state-of-the-art bioindustrial facility at Renmatix today, where he announced $25 million to fund research and development of next-generation…
Lenders now required to protect home buyers from risky loan practices
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) adopted a new rule that will protect consumers from irresponsible mortgage lending by requiring lenders to ensure prospective buyers have the…
China claims its economy is “stable”
Bullish trade data from China indicate that its growth is stabilizing, with analysts predicting that its stability will help to boost global economic growth. The annual growth of China’s foreign…
China reports growing trade relationship with Britain
Despite the difficulties brought about by the euro debt crisis and slowdown of the world economy, China and Britain have achieved exceptional growth in bilateral economic and trade relations in…
Feds want you to join Foreign Service
WASHINGTON – As part of an effort to continue to attract smart, dynamic, capable people into the Foreign Service, the Department of State is releasing a new one-minute trailer and…
NIACC’s Lifelong Learning Institute Offers Opportunities for Adults
MASON CITY – The Lifelong Learning Institute at North Iowa Area Community College (NIACC) announces the list of classes for the spring semester. Registration is open. Spring classes begin January…
Bill Richardson, Google Exec’s tour North Korean capitol
Former New Mexico Governor Bill Richardson traveled to North Korea this week on a private humanitarian mission. The delegation consisted of Governor Richardson, Google Executive Chairman Eric Schmidt, Dr. KA…
Feds issue rules to help mortgage borrowers
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) issued final rules to strengthen consumer protections for high-cost mortgages and to provide consumers with information about homeownership counseling. The…
Inflation up 2.5% in China
China’s consumer price index (CPI) rose 2.5 percent in December from a year earlier, data from the National Bureau of Statistics showed Friday. CPI increased from 2 percent in November…
Federal Reserve offers $3 billion in 28-day term deposits through its Term Deposit Facility
On Monday, January 14, 2013, the Federal Reserve will offer $3 billion in 28-day term deposits through its Term Deposit Facility. As noted in the Federal Reserve Board’s September 8,…
Iowa Utility Association Congratulates Alliant Energy and MidAmerican Energy on Awards for Work During Hurricane Sandy
DES MOINES, Iowa – Iowa’s two largest utilities are being recognized for their work to help restore electric and natural gas service to thousands of utility customers on the East…
North Korea calls for higher coal output
Pyongyang (KCNA) — The New Year address made by the dear respected Kim Jong Un greatly encourages coal miners in the DPRK to radically increase coal output from the outset…
Court will consider BP guilty plea agreement; $4 billion on the line
WASHINGTON – U.S. District Court has set a January 29, 2013 hearing to consider BP Exploration and Production, Inc.’s guilty plea agreement. U.S. District Court Judge Sarah S. Vance has…
Forbidden silence: Government may require electric cars to make noise
WASHINGTON – As required by the bipartisan Pedestrian Safety Enhancement Act of 2010 (PSEA), the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) is proposing that hybrid and…
Twin cities ponzi schemers sentenced to prison
MINNEAPOLIS— Last week in federal court, United States District Court Chief Judge Michael J. Davis sentenced three individuals in connection to the multi-million-dollar Ponzi scheme orchestrated by Trevor Cook. Jason…
Bank of America to pay $10 billion to settle loan claims
From Bank of America –Jan. 7, 2013– Bank of America today announced agreements with theFederal National Mortgage Association (Fannie Mae) to resolve outstanding and potential repurchase and certain other claims relating to the…
Banks to pay $8.7 billion to settle loan claims
WASHINGTON–Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller…
Money laundering rooted out at Cincinnati Grand Prix
CINCINNATI—Curtis Boggs, 54, formerly of Harrison, Ohio, pleaded guilty in U.S. District Court to wire fraud and money laundering in connection with a scheme he promoted to bring a Grand…
North Korea says S. Korean Workers Greet New Year in Despair
Pyongyang (KCNA) — CBS of south Korea Tuesday deplored the south Korean workers who greeted the New Year in a despair. The broadcasting said that dismissed workers of Ssangyong Motors…
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