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Gingrich campaign $1 million in debt from private jets, web developers

All candidates for federal office, including presidential hopefuls and those running for Congress, were required to file their second quarter campaign finance paperwork with the Federal Election Commission last Friday. While this sounds like — and is — a bunch of paperwork, for the public, it’s a glimpse into candidates’…

Former Fox News producer claimed network’s ‘Brain Room’ led to phone hacking

A former producer with Fox News claimed in a lengthy essay gaining new traction this week that the conservative television station has a “Brain Room” in its New York headquarters which enables employees to view private telephone records with ease. Though published years ago, the allegations have returned to relevance…

Moody’s suggests U.S. eliminate debt ceiling

NEW YORK (Reuters) – Ratings agency Moody’s on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders. The United States is one of the few countries where Congress sets a ceiling on government debt, which creates “periodic uncertainty” over the…

China firms have ‘widespread weaknesses’: agency

Ratings agency Fitch warned Monday of “widespread weaknesses” in Chinese corporate governance and a lack of “quality information” for shareholders after a spate of accounting scandals overseas. Chinese companies were at “above average” risk of being accused of fraud — sometimes wrongly — which could hamper their attempts to raise…

Gold soars above $1,600 per ounce for first time

The price of gold surged on Monday above $1,600 per ounce for the first time in history, as investors bought the safe-haven metal amid deepening debt worries in the eurozone and the United States. Gold jumped as high as $1,600.10 an ounce in early morning trading on the London Bullion…

White House launches challenge to create anti-sexual assault app

The Apple iPhone slogan and refrain of smartphone users worldwide — “there’s an app for that” — will soon be true of sexual assault prevention as well. The White House, the Department of Health and Human Services and Vice President Joe Biden launched a joint challenge that is hoped to…

Cost of Boeing’s U.S. Air Force contract could overrun: report

Five months after Boeing won a massive contract to supply air refuelling tankers to the US Air Force, the US giant fears the project may run over budget, Focus magazine reported Sunday. The 4.9 billion-dollar (3.5 billion-euro) budget set for the first stage of the project, for the first four…

New Mexico ‘spaceport’ in the works

No stranger to offbeat space-related news, businesspeople in New Mexico have plans to make the country’s first “spaceport,” an airport for privately owned spacecraft, NPR reported. Under the authority of the newly created New Mexico Spaceport Authority and Spaceport America, plans for the new space are set for a site…

Facebook foreclosures on the rise

In the age of the online over-share, combined with the current slew of foreclosures and mortgage drama, it may not come as too much of a shock to hear that social networking and banking have merged in a very serious way. Attorneys and mortgage lenders in Canada, New Zealand and…

U.S., Romania arrest more than 100 for cyber scams

WASHINGTON (Reuters) – U.S. and Romanian police have arrested more than 100 people in a year-long effort to stop Internet fraud schemes that have cost Americans more than $100 million, the U.S. Justice Department said on Friday. Romanian police carried out 117 raids on Friday, the Justice Department said. They…

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