British couple, four children in cocaine bust, reports say

A British couple has been detained at Margarita Airport in Venezuela after 24 kilograms of cocaine was allegedly found in their luggage, according to press reports. “This bank does not have any problem, is a healthy financial institution,” Edgar Hernandez Behrens, Venezuela’s superintendent of banks, said of Stanford Bank Venezuela, the state-run ABN news agency reported. An estimated $2.5 billion to $3 billion has been invested in the bank, he said

Share

Kansas budget standoff ends, but other states in limbo

Kansas leaders Wednesday ended a standoff that had delayed tax refunds and state paychecks by agreeing to borrow $225 million from various state accounts, a spokeswoman for the governor’s office said. Republican lawmakers approved moving money into the state’s main account to pay the bills after budget cuts agreed to by Gov. Kathleen Sebelius, spokeswoman Brittany Stiffler said

Share

Confessions of a Hollywood action king

Hollywood uber-producer Jerry Bruckheimer is famous for his almost uncanny ability to recognize a potential hit movie. Once described as “the man with the golden gut,” Bruckheimer’s movies have earned more than $15 billion in box office, fueled by a potent mix of fast-moving action, big bangs and even bigger stars

Share

Are top female tennis players overpaid?

The polite hush that descends on the crowd seconds before service is nowhere to be heard when it comes to the issue of equal prize money in women’s tennis. It may be two years since Wimbledon and the French Open joined the other major tournaments in offering women the same cash prize as men, but for some tennis fans the issue is far from resolved. “Admit it sisters,” screamed one recent headline on Australian Web site AdelaideNow, “this is not equal.” The author went on: “Political correctness, sexual equality and feminism all prevent many commentators from stating the bleeding obvious …

Share

5 high-ranking Kurds leave Iraqi president’s party

The second-highest ranking official in Iraqi President Jalal Talabani’s political party resigned Saturday, along with four other high-ranking Kurdish politicians, officials said. Khosrat Rasul, the vice president of the Kurdistan Regional Government, resigned, along with four other members of the Patriotic Union of Kurdistan (PUK), according to Kurdish lawmakers

Share

Winners and losers in the final stimulus bill

Here is a breakdown of who gained, who lost and who survived in the final economic stimulus bill that the House and Senate are expected to vote on Friday: Winners High-speed and inner-city rail: Went from $300 million in House bill to $2.25 billion in Senate to $8 billion in final version. There also is a $6.9 billion provision for public transit.

Share

Stimulus Deal Shows Reach — and Limits — of Obama’s Power

Moving at lightning speed and, even more unexpectedly, ahead of their President’s Day deadline, House and Senate negotiators agreed on the details of a $789 billion stimulus package barely 30 hours after Senate passed their version. In the process, they handed President Barack Obama his first major legislative victory, though the deliberations that led up to its passage highlighted the enormous challenges Obama will face in more complicated endeavors like healthcare, entitlement and energy reform

Share