Monday, Nov 30th

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Colleges may have to return billions in federal Perkins Loan money

Lamar AlexanderSome 1,700 colleges and universities that offer federal Perkins Loans may have to return billions if lawmakers do not move to renew the nearly 60-year-old financial aid program.

Congress has less than two months to find a way to renew the low-interest loan program that has been used by millions of students in need since 1958. If the program is not renewed, possibly when lawmakers set a new federal budget on Dec. 11, colleges may have to return a portion of the funding.


Goldman Sachs fires 20 analysts for cheating

GOldman SachsGoldman Sachs has fired about 20 analysts for cheating on internal tests. The analysts were working inside Goldman's (GS) securities business in a number of offices, including New York and London.

"This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the firm," Goldman spokesman Sebastian Howell told CNNMoney.

The cheating took place on internal tests, not regulatory exams. Goldman declined to say how the cheating was discovered nor specifically what the analysts were being tested on.


Key Southern California interstate blocked in flash flooding

California flash floodsEmergency crews shoveled mud from a section of Interstate 5 north of Los Angeles after flash flood debris blocked the important roadway, stranded hundreds of vehicles, and forced some motorists to take refuge on top of their cars.

Excavator trucks scooped and hauled away mud in the darkness Thursday night with the cleanup expected to continue well into Friday, leaving thousands of drivers searching for alternative routes.

About 15 cars remained wedged in the debris and needed to be towed out.


Perry met with ‘suspicious’ Chinese tycoons behind Texas methanol plant

Perry and Chinese methane plant Former Texas Gov. Rick Perry traveled to Beijing in September 2014 and met with a pair of controversial Chinese politician-entrepreneurs behind a massive methanol plant in Texas City, a document obtained in a public information request shows.

During an Al Jazeera investigation into the business deal over the plant earlier this year, former Perry administration officials declined to acknowledge that Perry had any role in the deal that allowed Communist Party officials Song Zhiping and Zhang Jun to park billions of their dollars in the United States after coming under fire in Chinese media for alleged illegal activity.


Man who said Chicago police tortured him is released after two decades

Shawn WhirlA man who alleged he was tortured by Chicago police into confessing to a murder he did not commit was released from prison on Wednesday after spending a quarter of a century behind bars.

Shawn Whirl walked out of Hill correctional center in Galesburg shortly after noon, two months after an Illinois appeals court overturned his 1991 murder conviction in the fatal shooting of Chicago cab driver Billy G Williams and one day after a Cook County judge dismissed the charges against him.


Union: Critical, chronic shortage of air traffic controllers

Air controller shortageA chronic shortage of controllers has reached a crisis that will lead to widespread flight delays if left unchecked, officials for the union that represents air traffic controllers said Tuesday.

The Federal Aviation Administration has failed to meet its hiring goals for controllers for five consecutive years, leaving the number of controllers at its lowest level in 27 years at a time when air traffic is increasing, National Air Traffic Controllers Association officials said at a news conference.


Jury orders Wisconsin gun shop to pay $5M to police officers wounded in '09 shooting

Wis. gunshop to pay $5mA Wisconsin jury on Tuesday handed down its verdict in a civil suit brought by two Milwaukee police officers who were injured by gunfire six years ago, and had argued that a gun shop bore some responsibility in their wounding.

Jurors ruled that the gun shop indeed was partially responsible for the injuries received by officers Bryan Norberg and former officer Graham Kunisch in June 2009. The policemen were each shot in the face by Julius Burton, 18, after they stopped him for riding a bicycle on the sidewalk and a fight ensued.


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