News Flash!


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Source of Toxic Water Found (WSJ)
“A source of highly radioactive water escaping into the ocean from the Fukushima Daiichi nuclear power plant was identified, but authorities weren’t able to say if the discovery will stop the continuing contamination.”

Subprime Bonds Are Back (WSJ)
“Subprime and other residential mortgage bonds that helped trigger the financial crisis are back in vogue with long-term investors, in the latest sign that American credit markets are healing after the worst downturn in a generation.”

U.S. Weighs More Libya Moves (WSJ)
“The White House asked the Pentagon and Central Intelligence Agency to propose ways the U.S. can ramp up its assistance to rebels battling Libyan Col. Moammar Gadhafi—beginning with shipments of nonlethal equipment such as communications gear, and potentially escalating to large-scale transfers of weapons.”

Calorie-Counting Rule to Leave Out Movie Theaters (NY Times)
“After opposition from the movie industry, theaters were exempted from a proposed rule that would require restaurants to post calorie counts next to menu items.”

Shares Rise on Report of Jobs Growth (NY Times)
“Stocks on Wall Street rose on the news that the unemployment rate fell to a two-year low in March, and that 216,000 new jobs were added to the economy.”

Judge Dismisses Tax Case Against Italian Designers (NY Times)
“A judge ruled that Domenico Dolce and Stefano Gabbana would not have to stand trial on charges of tax evasion and fraud.”

American Apparel Warns of Bankruptcy (NY Times)
“The clothing retailer warned in a regulatory filing on Thursday that it might have to file for bankruptcy unless demand picked up for its cotton T-shirts and leggings — and its overall financial situation improves.”

Paterson Teacher Suspended Over a Post on Facebook (NY Times)
“The educator, who said she felt like a warden overseeing future criminals, was suspended with pay from her position in Paterson after parents complained.”


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