Banking industry officials say it's unheard of: A state regulator, flying solo, threatens to take away the state license of a global bank — and then secures a very public settlement.
That's exactly what happened in New York this past week, when the state's Department of Financial Services reached a settlement with Britain's Standard Chartered Bank over allegations that it schemed with the Iranian government to launder billions of dollars.
The Valomilk was once advertised as "the 5-cent candy bar with the 50-cent taste." And while the price has changed, the product has not.
For more than 80 years, the family-owned Russell Sifers Candy Company has been using the same recipe to churn out a rich concoction of chocolate and creamy marshmallow goo.
The candy-making machines are busy on the factory floor in Merriam, Kan., just southwest of Kansas City. This is the headquarters of the century-old company, where Russell Sifers himself is a fourth-generation candy maker.
When we first meet Nasser Ali, the protagonist of Chicken with Plums, he's a mess. He loves his children, but doesn't support them. He has never really loved his wife — though he likes a dish she makes, chicken with plums. He was an accomplished violinist, but his wife shatters his violin to hurt him; she believes his instrument is the only thing that he truly loves.
As Nasser Ali peels back his life, in 1958 Tehran, we begin to learn about the broken heart that's beneath his sadness, madness and flights of genius.
Most people know Molly Ringwald from her star turns in John Hughes' signature teen comic dramas from the 1980s, including Sixteen Candles, The Breakfast Club and Pretty in Pink.
And Ringwald is still acting — she currently plays the mother in the ABC Family series The Secret Life of the American Teenager. But she's also turned her hand to writing. Her new book — and first novel — is called When It Happens to You.
Italy has a public debt of nearly 2 trillion euros, and it's cracking down on its notoriously wily tax evaders. Owners of luxury yachts are a prime target, with tax police launching dockside raids to see how individual tax files line up with owning and maintaining an expensive boat.
But yachts are mobile assets. In response, many boat owners are simply weighing anchor and setting course for more tax-friendly Mediterranean marinas.
Tonight at 6:00 pm is theOne Fun Run or Walk 5K at West Chester Hospital, benefitting West Chester Hospital, Building Blocks for Kids and Maple Tree Cancer Alliance. Organizer Karen Cosgrove and cancer survivor Steve Hazelbeck discuss the event when they are in The Front Row with Betsy Ross.
Entrepreneurs are a growing force in our economy, so Xavier University has started X-LAB (Xavier Launch a Business), a competition between creative minds to earn mentoring from Xavier’s faculty, students and others with the expertise to help launch their idea. Mark Perzel learns more about this opportunity from Dr. Joe Carter, director of Xavier’s Entrepreneurial Center.
As part of WVXU’s commitment to the American Graduate: Make it Happen program, an effort to find solutions to America’s drop-out problem, Mark Perzel welcomes Chellie McLellan from Literacy Center West, a Price Hill program working with students aged 17-21 on either GED preparation or job-readiness training.