More American companies are going public on exchanges outside of the US. The number of IPOs in the US is reaching historically low levels, as more companies choose to sell their shares on exchanges in Hong Kong, Seoul and other foreign markets. This could affect the US's stature as the world's financial capital and possibly cost the country jobs.
Monday was the deadliest day for U.S. troops in Iraq in months as an insurgent attack killed five U.S. soldiers stationed in Baghdad. The country is still a dangerous place to be even as the United States prepares to begin the final withdrawal of American troops from the country. "There are people out there who are trying to kill you," says John Kamin, who was in the Army when he was deployed iwht the Louisiana National Guard in March, 2010. He says "to me it's reminiscent of the earlier days in the war." Kamin is a member and spokesman of Iraq and Afghanistan Veterans of America.
It's been almost a year after Congress passed the Dodd-Frank financial regulatory law and many of the legislation’s rules are behind schedule. Regulators have extended the comment periods on the rules under pressure from Wall Street and Congress. "You have a lot of people on Wall Street who are concerned that they need lots of time to put rules in effect," says Louise Story, Wall Street and finance reporter for The New York Times. However, "the longer it takes for the regulations to go into effect, the longer the banks have to make money off of the derivatives." She details the need for the bill and the cause of the delays.
The Sky Express Bus Company was shut down by the U.S. government last week after one of its buses turned over on a Virginia highway, killing four people and injuring more than 50 others. Transportation Nation’s Jim O’Grady says that Sky Express may have defied the Feds' orders and continued to operate its buses under a different name. This is a common problem called "reincarnation." Bus companies are shutdown and reopen under a new name, selling the same routes and simply repainting the buses.
Sarah Palin has announced that she'll be spending her Memorial Day weekend on a bus tour along the East Coast. The high-profile announcement comes as speculation that the former Alaska Governor will enter the field for the 2012 Republican nomination increases. Jordan Fabian, staff writer for The Hill helps us shed some light on the 2008 Vice-Presidential candidate's future intentions.
A federal judge has found Jared Loughner unfit to stand trial. Loughner is accused of killing six people and shooting Congresswoman Gabrielle Giffords. The judge made his decision after an angry and confused outburst by defendant Jared Loughner; the ruling will postpone the Tucson shooting case indefinitely. "Buzz" Conover, senior political reporter at KUAT, Tucson's public radio outlet has the details of the trial. Clinical Professor of Law at Washington & Lee University David Bruck explains the next steps in this case.