Wednesday, August 26, 2009

SPB News for Wednesday



Nemazee Is Arrested in $74 Million Citibank Fraud — Aug. 25 (Bloomberg) — Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Obama and Hillary Clinton, was arrested on charges that he tricked Citigroup Inc. into lending him as much as $74 million using phony documents.

'Stress' is shrinking polar bears Polar bears have shrunk over the last century, according to research. Scientists compared bear skulls from the early 20th Century with those from the latter half of the century. Their study, in the Journal of Zoology, describes changes in size and shape that could be linked an increase in pollution and the reduction in sea ice. Physical "stress" caused by pollutants in the bears' bodies, and the increased effort needed to find food, could limit the animals' growth, the team said. The researchers used the skulls as indicators of body size. The skulls from the later period were between two and 9% smaller.

Federal prosecutor who took loan from GOP governor candidate Chris Christie resigns — TRENTON — The federal prosecutor at the center of the controversy over a loan made by New Jersey gubernatorial candidate Chris Christie has resigned. — In her resignation letter dated today [Tuesday]
Sen. Grassley On Health Care: “I Don't Think It's Going To Be Possible To Work It Out With The Administration” … ALL OVER THE BALL PARK — During a conference call with Iowa reporters, Sen. Chuck Grassley was asked: … Grassley's response is almost incomprehensible: … You read that right.

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