Wells Fargo outlines defense to DOJ mortgage-fraud lawsuit

Wells Fargo outlines defense to DOJ mortgage-fraud lawsuitBy Bernard Vaughan NEW YORK (Reuters) – Lawyers for Wells Fargo are arguing that the U.S. Justice Department lacked specifics in its mortgage-fraud claims against the bank and waited too long to bring the lawsuit, a closely watched case that relies on a once-obscure law created after the 1980s savings-and-loan scandal.

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Bank of America will settle one mortgage lawsuit, but analysts quickly turn to the next one

Bank of America will settle one mortgage lawsuit, but analysts quickly turn to the next oneNEW YORK – As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head. The bank announced Wednesday that it would pay $500 million to settle a class-action lawsuit led by pension funds and other investors who say they were misled about $350 billion worth of mortgage-backed investments they bought from Countrywide, a mortgage lender Bank of America bought in 2008.

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http://rt.com/news/constitution-project-torture-guantanamo-report-949/

‘No justification’ for US torturing terror suspects – ‘Truth Commission’ report – RT NewsA leading bipartisan think-tank says it is “indisputable” that the US tortured captives in the aftermath of 9/11. The report condemned the country’s detention practices as “a grave error” using the testimonies of dozens of inmates and officials.

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http://ieet.org/index.php/IEET/more/pelletier20130416?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+EthicalTechnology+Ethical+Technology

Jobs, humans, and machines: Implications for societyShort term; displaced workers learn new skills. Long term; work-free future evolves. From assembly line robots to ATMs and self-checkout terminals, each year intelligent machines take over more jobs formerly held by humans; and experts predict this trend will not stop anytime soon.

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http://www.nytimes.com/2013/04/07/us/taping-of-farm-cruelty-is-becoming-the-crime.html

Taping of Farm Cruelty Is Becoming the CrimeOn one covert video, farm workers illegally burn the ankles of Tennessee walking horses with chemicals. Another captures workers in Wyoming punching and kicking pigs and flinging piglets into the air. And at one of the country’s largest egg suppliers, a video shows hens caged alongside rotting bird corpses, while workers burn and snap off the beaks of young chicks.

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http://www.washingtontimes.com/news/2013/apr/12/senate-votes-shield-top-officials-financial-disclo/

Congress votes to shield top officials’ financial disclosuresCongress this week approved a bill to free thousands of federal government employees from having to disclose their financial dealings online, rushing the bill through the Senate late Thursday and through the House on Friday. But the push to undo the online reporting requirement is proving to be controversial.

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http://www.sciencedaily.com/releases/2013/04/130409131811.htm

Meditating before lecture leads to better gradesA new study shows that meditation before class might help students, especially freshmen, focus better and retain information. A random selection of students followed basic meditation instructions before a lecture, and the students who meditated before the lecture scored better on a quiz that followed than students who did not meditate.

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http://www.lexology.com/library/detail.aspx?g=165e0dda-01a3-40bb-a9ce-9f9dff60299d

Bank of America reaches pre-litigation settlement with NCUA for RMBS losses | LexologyWe use cookies to customise content for your subscription and for analytics.If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy. Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.

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http://www.guardian.co.uk/environment/blog/2013/apr/04/monsanto-protection-act-gm

Monsanto Protection Act put GM companies above the federal courtsMonsanto and the US farm biotech industry wield legendary power. A revolving door allows corporate chiefs to switch to top posts in the Food and Drug Administration and other agencies; US embassies around the world push GM technology onto dissenting countries; government subsidies back corporate research; federal regulators do largely as the industry wants; the companies pay millions of dollars a year to lobby politicians; conservative thinktanks combat any political opposition; the courts enforce corporate patents on seeds; and the consumer is denied labels or information.

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http://rt.com/news/wikileaks-assange-release-files-475/

‘Illegal we do immediately; unconstitutional takes a little longer’: Kissinger in new mass WikiLeaks document release – RT NewsWikiLeaks has published the ‘Kissinger Cables’: its largest public release of documents in nearly a year, totaling some 1.7 million classified files, including information on the US’s secret diplomatic history. A variety of files have been collected and collated, including from congressional correspondence, intelligence reports, and cables.

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http://rt.com/usa/silver-currency-arizona-gold-524/

Arizona pushes to have gold as legal tender – RT USACan the paper dollar be any more worthless? Some lawmakers in Arizona think so, and are hoping that gold and silver will soon be counted as legal tender. As evident by last week’s dismal jobs report, the effects of the recession are still apparent across the United States: the labor force participation rate in the US has hit a three-decade low, and unemployment remains stagnant at close to the 8 percent mark.

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