President Obama will layout plans for student debt; a new poll finds that 89% of Americans distrust the government; and hundreds of Yemeni women have burned their veils in protest. Meanwhile, Andy Rooney has been hospitalized; it’s been determined that Amy Winehouse died from too much alcohol; and Chaz Bono gets the boot from Dancing with the Stars.
Coral + Caitlin
Ex-Goldman board member surrenders in trading case, http://goo.gl/FrFxw
Today, Rajat Gupta, the former director of Goldman Sachs and Procter & Gamble, will speak to federal authorities about charges against him relating to Raj Rajaratnam’s hedge fund Galleon Group. The SEC has filed an administrative proceeding against Gupta that accuses him of giving confidential information about Goldman Sachs to Rajaratnam. Rajaratnam was recently sentenced to eleven years in prison for insider trading.
New Poll Finds a Deep Distrust of Government, http://goo.gl/REx6f
A New York Times/CBS poll has found that 89% of Americans distrust the government to do the right thing. 74% think the country is on the wrong track, 84% disapprove of Congress, and 43% believe that wealth needs to be distributed more evenly. As for Occupy Wall Street, 25% of people approve of the protests while 20% disapprove.
Police, protesters clash in Oakland at Occupy camp, http://goo.gl/yS5ji
Oakland Occupy Wall Street protestors and police repeatedly clashed last night as demonstrators tried to take back the plaza they had been pushed out of. Police fired tear gas, flash grenades, and bean bag rounds. According to police, protestors threw eggs, paint, and bottles at authorities. Over 100 people were arrested. Meanwhile in Atlanta, 50 protestors were arrested after being cleared out of the park where they had been encamped for weeks.
Yemeni women burn their veils to protest crackdown, http://goo.gl/RJaS8
Yesterday, hundreds of women burned their full body veils in the capital of Yemen. The act was meant to protest the harsh government crackdown on tribal fighters who have been demonstrating for months. The death toll from Yemeni security forces has increased rapidly with 25 casualties alone yesterday.
Obama to Lay Out Student-Debt Plan, goo.gl/17scu
President Obama will speed up implementation of a plan already passed by Congress “that caps monthly student-loan payments for borrowers with low incomes, from 2014 to 2012.” The president’s plan will also forgive any remaining debt after twenty years instead of the original twenty-five. In addition, the government will allow loans from at least two federal programs to be consolidated into one payment. President Obama will speak about his student-debt plans today noting the importance of educating students about tools for loan repayment. Later today, you can see how Obama’s student loan plans will affect your own debt here: http://studentaid.ed.gov/
(via POLITICO Morning Tech) A NEW ERA IN TECH: IBM’s decision to name Ginni Rometty as its first female CEO sends a clear signal about the growing influence of women in the top tiers of the tech world, the AP reports. http://apne.ws/s5A7Z2
Coroner: Amy Winehouse died from too much alcohol, http://goo.gl/S0EHW
NYC performance artist gives birth in art gallery, http://goo.gl/6oCjY
Chaz Bono’s ‘Dancing With the Stars’ Exit: ‘I’m Not Leaving the Show Bitter or Angry,’ http://goo.gl/ksTw4
Leno Goes Easy on Obama, http://goo.gl/TwtNU
Longtime ‘60 Minutes’ commentator Andy Rooney hospitalized, http://goo.gl/8fqjZ