FDIC Reports That Bank Failures Are Rising

Sheila Bair, head of the Federal Deposit Insurance Corporation , is working hard to reassure everyone that her banks, all 8,305 of them, are safe. Repeating her familiar mantra Wednesday on the CBS Morning Show, Bair said of FDIC-protected accounts, “Nobody’s ever lost a penny of insured deposits.” Bair had good reason to be out on the stump

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Pig liver dish in China sickens 14

A dish of stir-fried pig’s liver served at a dinner party in Guangzhou, China, poisoned 14 people with what authorities think was an animal feed additive, a Chinese state-run news agency reported. Investigators made 52 arrests in overnight raids in California, Minnesota and Maryland, increasing to more than 750 the number of suspects detained in the coast-to-coast operation to disrupt the Sinaloa cartel, Holder said.

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Will the Recession Doom the Last Sunday Blue Laws?

A handful of state legislatures have declared it’s closing time for Sunday alcohol sales restrictions, saying an extra day of sales could give their foundering budgets a much-needed shot of revenue. Those states — Georgia, Connecticut, Texas, Alabama and Minnesota — enjoy overwhelming voter support for an extra day of sales, but face opposition from members of the Christian right, who say that selling on Sunday undermines safety and tears apart families. “During times of economic stress, our families are under enough pressure,” says Jim Beck, the president of the Georgia Christian Coalition

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As Crime Mounts, Mexicans Turn to Vigilante Justice

Graphic photos of the alleged thief’s corpse were splashed over the front pages of Mexican tabloids beneath headlines such as “Dead Rat” and “Military Justice.” The confessed shooter, retired general Alejandro Flores, was widely hailed as a hero for firing at the 30-year-old man who had tried to force his way into the military man’s Mexico City home. “Of course he did the right thing,” wrote Felipe Alcocer in one on-line forum on the incident. “I wish everyone would act in the same way and get rid of this anti-social scum.” Given Mexico’s widespread breakdown in security, the praise for Flores’ Feb

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Stanford scandal spreads

Antiguan and Barbudan regulators Friday took control of U.S.financier Robert Allen Stanford’s financial institutions on the twin-island nation, a day after federal agents served the Texas businessman with papers accusing him of running an investment fraud scheme.

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