Law
3:00 pm
Fri December 16, 2011

SEC Charges Ex-Fannie Mae, Freddie Mac CEOs

The Securities and Exchange Commission is going after former top executives at Fannie Mae and Freddie Mac for allegedly committing securities fraud.

The mortgage giants had to be taken over by the government in 2008 and then propped up by taxpayers. The SEC says the officials misled investors about the firm's exposure to subprime mortgages

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Sports
3:00 pm
Fri December 16, 2011

Tebow Mania: Why IS The Quarterback So Popular?

Fans show their support of quarterback Tim Tebow.
Doug Pensinger Getty Images

Every so often, an NFL player transcends the game. Think William "Refrigerator" Perry or Bo Jackson.

Tim Tebow, the quarterback who'll lead the Denver Broncos against the powerful New England Patriots on Sunday, has become a household name, thanks to his improbable come-from-behind victories combined with his prominent expressions of faith.

How does he do it? The Bears, Chargers, Chiefs, Dolphins, Jets, Raiders and Vikings would like to know.

Time For A Comeback

Tebow is a proper noun. Tebow is a verb meaning to genuflect.

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The Two-Way
2:49 pm
Fri December 16, 2011

Slugger Barry Bonds Sentenced To One Month House Arrest

Baseball slugger Barry Bonds will serve 30 days in house arrest for his obstruction of justice conviction back in April.

The San Francisco Chronicle reports:

"Bonds sat stoically as U.S. District Judge Susan Illston told baseball's home run king that he had avoided prison but must spend one month in his two-acre Beverly Hills estate, two years on probation, serve 250 hours of community service and pay a $4,000 fine.

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The Two-Way
1:27 pm
Fri December 16, 2011

Citing Eurozone Crisis, Fitch Threatens Downgrade Of 6 EU Countries

Originally published on Fri December 16, 2011 1:29 pm

Fitch ratings agency, one of the big three, said today that it was considering downgrading the credit ratings of six Euro-zone countries. Italy, Spain, Ireland, Belgium, Slovenia and Cyprus could see their their rating cut by one or two notches.

The AP reports:

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The Two-Way
12:39 pm
Fri December 16, 2011

Family Of Agent Killed By 'Fast And Furious' Rifle Demands Accountability

Originally published on Fri December 16, 2011 3:19 pm

A year after Border Patrol Agent Brian Terry was killed by a weapon lost in a failed gunwalking operation, his family is calling on the U.S. government to hold those responsible accountable.

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Remembrances
12:32 pm
Fri December 16, 2011

For Hitchens, In Life And Death, An Unaware Cosmos

Christopher Hitchens, shown here in 2010, began a lifelong battle with a God he didn't believe in when he was just 9 years old.
David Levenson Getty Images

Originally published on Fri December 16, 2011 10:29 pm

Writer Christopher Hitchens, who died on Thursday from complications of cancer at the age of 62, leaves behind some 18 books and countless essays on politics and public figures. But his most lasting legacy may be his atheism and his long-running duel with what he considered the world's most dangerous threat: religion.

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Kids can buy gifts for themselves and family!
12:00 pm
Fri December 16, 2011

Optimists Provide Needy Kids With Holiday Shopping Spree

The Newport Optimists Club will be hosting its first “Shop with an Optimist” event this weekend. Members will be paired up with needy children to shop for holiday gifts for themselves and their families. Club spokesman Bob McCray talked with WNKU’s Matt Kelley about their decision to take kids shopping this year. (to find an Optimist International Club near you go to www.optimist.org)

The Two-Way
11:52 am
Fri December 16, 2011

'Layaway Santas' Are Spreading Cheer This Year At Kmarts

We need a heart-warming story and this fits the bill:

"At Kmart stores across the country," The Associated Press writes, "Santa is getting some help: Anonymous donors are paying off strangers' layaway accounts, buying the Christmas gifts other families couldn't afford, especially toys and children's clothes set aside by impoverished parents."

We're seeing stories about this happening in:

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Shots - Health Blog
11:25 am
Fri December 16, 2011

An Early Exit For Early Retiree Insurance Program

iStockphoto.com

Originally published on Fri December 16, 2011 11:36 am

The clock is winding down on a little known but very popular part of the Affordable Care Act that has helped employers offer health benefits to early retirees.

The $5 billion early retiree fund has already paid out $4.5 billion, and the last day to submit claims for any of the remaining funds is Dec. 31.

The federal health law created the fund to give employers an incentive to keep providing health insurance coverage for retirees between the ages of 55 and 65.

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The Two-Way
11:04 am
Fri December 16, 2011

SEC Files Civil Fraud Suit Against Former Fannie And Freddie Execs

Six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) "knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans" and have now been accused of securities fraud in a civil suit, the Securities and Exchange Commission just announced.

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