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Break-in prank lands French tourists in Texas jail

CHICAGO — Five drunken French tourists landed in a Texas jail Wednesday after breaking into a county courthouse in the middle of the night and sparking terrorism fears, officials said. Security footage showed the men wearing sombreros and playing around with a judge’s gavel before they were arrested by police,…

Former financial regulator notes four themes of ‘Occupy’ protests

William Black, a former financial regulator, appeared Wednesday on Democracy Now to discuss the ongoing “Occupy Wall Street” movement. He has participated in the “Occupy Kansas City” demonstration and is currently an associate professor of economics and law at the University of Missouri at Kansas City. Ever since protesters began…

Newark mayor kicks off national marriage equality campaign

Democratic Newark mayor Cory Booker on Wednesday kicked off a new video campaign by the Human Rights Campaign that seeks to raise support for same sex marriage across the nation. “I’m Mayor Cory Booker and I support marriage equality,” he says in the first video for Americans for Marriage Equality.…

‘Occupy Wall Street’ lends support to Sotheby’s protest

A group of “Occupy Wall Street” protesters on Tuesday marched to Sotheby’s locales in Manhattan to show their support for unionized art handlers who are locked in a three-months-long contract dispute with the auction house. Sotheby’s wants the workers to accept wage cuts, even though the company reportedly sold $3…

Without jobs plan, crime rates rising: Biden

WASHINGTON — US Vice President Joe Biden on Wednesday urged lawmakers to pass President Barack Obama’s jobs proposals, warning that crime rates have spiked as more and more police are laid off. “In Flint, Michigan, they cut their force in half, murder rates have doubled in the last year,” Biden…

U.S. stocks sink after Fed paints grim outlook

NEW YORK — US stocks fell sharply Wednesday after the Federal Reserve’s “Beige Book” portrayed a still-weak economy in September, as big losses from tech stars Apple and Amazon pulled the Nasdaq down more than 2.0 percent. Reports of ongoing discord over the coming comprehensive rescue plan for the eurozone…

Huntsman says banks still ‘too-big-to-fail’

WASHINGTON — President Barack Obama’s Wall Street reforms failed to tackle the problem of “too-big-to-fail” banks, Republican presidential hopeful Jon Huntsman said Wednesday in striking departure from GOP orthodoxy. Staking a position that appeared closer to anti-Wall Street protestors than his rivals for the Republican nomination, Huntsman said a tax…

Rick Perry to propose flat tax as part of economic plan

Texas governor and Republican presidential candidate Rick Perry will unveil a national flat tax as part of his economic plan, according to the Washington Post. Perry announced his plan at the Western Republican Leadership Conference in Las Vegas, but gave no details. “A change election requires a new direction, and…

Perry’s insurance regulator raised money from industry for ex-boss

A fundraiser held last month in the Dallas area has come under new scrutiny after a published report revealed that Texas Insurance Commissioner Eleanor Kitzman, responsible for regulating insurers in her state, used insurance executives as a fundraising source for her former employer. That former employer is South Carolina Gov.…

New York Fed: Student loan debt now over $1 trillion

The Federal Reserve Bank of New York claimed in a published report Wednesday that student loan debt in the U.S. has now surpassed $1 trillion, for the first time ever exceeding the total amount of credit card debt held by Americans. Due to the rising cost of education across the…

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