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Thursday, September 02, 2010
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Thirteen Oil Rig Workers Survive Explosion
An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months.
Thursday, September 02, 2010 8:32 PM
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Louisiana Awarded With $170 Million Education Grant
The U.S. Department of Education awards a 170-million-dollar grant to a consortium of 26 states, including Louisiana, to develop new common assessments for public school students.
Thursday, September 02, 2010 9:33 PM
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DOTD Issues Labor Day Travel Advisory
The Louisiana Department of Transportation and Development (DOTD) today advised drivers of upcoming work schedules for interstate and major road projects throughout Louisiana for the Labor Day weekend (Saturday, September 4, through Monday, September 6).
Thursday, September 02, 2010 9:28 PM
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One Dead In Early Morning Shooting
Baton Rouge police report that officers responded to a shooting about 3:30 Thursday morning in the 1500 block of North Marque Ann Drive where they found a black male lying in a parking lot who had been shot.
Thursday, September 02, 2010 7:55 PM
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Texas Billionaire Remains In Jail Pending Judges Decision On Bail
(Houston, TX) -- The Texas billionaire accused of operating a seven-billion-dollar Ponzi scheme will remain behind bars until at least Tuesday afternoon. A Texas judge said he will not rule on Allen Stanford's bail request until that time. Government prosecutors told the judge Stanford should remain in jail pending his trial in August because he would pose a flight risk. Prosecutors said about one-billion dollars in investor deposits is still missing, which Stanford could possibly use to fund a quick getaway. Stanford was brought to the Houston federal court for the third time Monday, clad in a dark business suit and shackles. Stanford has been in federal custody since June 18th, after surrendering to the FBI in Virginia following his indictment on charges of conspiracy, fraud and obstruction of justice. The maximum prison sentence for the 21 charges he faces is 375 years.
According to the Securities and Exchange Commission, Stanford, along with the help of the executives at his firm and a top financial regulator in Antigua, operated a massive Ponzi scheme for over a decade that centered on certificates of deposit in his bank in Antigua.
Tuesday, June 30, 2009 9:11 AM
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States Seizing Unused Gift Card Balances For Revenue
(New York, NY) -- Americans who leave gift cards laying around unused may find their state has used the cash value of them. "The Wall Street Journal" is reporting several states are labeling gift cards that go unused for as little as two years "abandoned property" and are taking the money. Those gift cards are a pile of gold. Every year, Americans spend roughly 65-billion dollars on prepaid gift cards. But some six-point-eight-billion dollars of that is never redeemed.
Some states, like Texas, have even tried passing laws allowing them to collect money from cards with no expiration date. Eric Hausman, a spokesman for Target Corporation says "one of the benefits of offering gift cards (that) never expire is that it affords the guest the opportunity to use them at any time." While the Lone Star State legislation has stalled, he says some states are now considering a requirement imposing an expiration date on all gift cards.
States that haven't already gotten into the act are working on it. South Carolina is currently considering legislation that would allow collection of unclaimed gift card credits. New York state lined its coffers with nine-point-six-million dollars in unredeemed gift cards last year alone.
Tuesday, June 30, 2009 9:10 AM
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Credit Card Issuers Rushing New Increases
(Undated) -- Credit card issuers are taking advantage of loopholes in the new credit reform bill signed last month by President Obama. While the so-called Credit Card Holders Bill Of Rights limits the way issuers can raise rates and fees on existing debt it doesn't put any cap on the overall interest rates and fees charged for plastic. "USA Today" reports as a result increases in credit card rates have been widespread recently. Both Bank of America and Chase have bumped balance-transfer fees from three-percent to four-percent for B of A and five-percent for Chase which is also stretching the definition of who can be hit with a penalty interest rate.
Analysts say the recent hikes are both in reaction to the new restrictions that go into effect next April and to an increasing number of defaults on credit card debt. Industry watchers say about the only thing consumers can do is keep a very close eye on the fine print in bills and contracts with card issuers.
Tuesday, June 30, 2009 5:31 AM
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FDA Panel Weighs Over-The-Counter Acetaminophen Ban
(Adelphi, MD) -- A Food and Drug Administration advisory panel will meet today to discuss placing new restrictions on countless over-the-counter drugs that contain the pain reliever acetaminophen. Federal regulators have suggested a possible ban on products that combine acetaminophen with other drugs to treat colds, coughs and other mild ailments. The ban would affect some of the nation's most popular products, including Tylenol, NyQuil and Excedrin. The move reflects growing concern over the side effects of one of the most widely used medications in the United States. Generally thought of as harmless, acetaminophen has been known to cause liver failure in some patients when taken in large doses. Health experts rank acetaminophen overdose as one of the most common types of poisonings in the world, with symptoms ranging from nausea and abdominal pain to jaundice, convulsions and coma. The FDA panel will meet today at 1 p.m. Eastern time in Adelphi, Maryland. It is expected to make a recommendation on a possible ban later on in the afternoon.
Tuesday, June 30, 2009 5:24 AM
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Cookie Dough Recalled Over E. coli
(New York, NY) -- Nestle has issued a recall for Toll House refrigerated cookie dough products after E. coli bacteria was discovered in a sample. Now the FDA and Centers for Disease Control are looking into whether that cookie dough might have been the source of an E. coli outbreak covering 29 states. The FDA says the dough in question was produced at a Nestle facility in Danville, Virginia. Nestle has promised full cooperation with government agencies to track down the source of the bacteria that can, in severe cases, cause kidney failure. The company says the sample that tested positive for E. coli was from a 16-ounce Toll House refrigerated chocolate chip dough bar with a "best before June 10, 2009" label. Those products should be returned to stores for a full refund. Tuesday, June 30, 2009 5:23 AM
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