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The case for protecting writers
2:29 pm
Mon July 14, 2014

Commentary: The indispensability of writers forgotten in Amazon-Hachette battle

Roxana Robinson is a novelist and the president of the Authors Guild. She lives in New York City and Cornwall, Connecticut. Her newest novel is 'Sparta.'
Credit ©2010 David Ignaszewski / Koboy

The giant online marketer Amazon and the international publisher Hachette  are fighting over the book business. But writers—the people who make books, may not get much of that fight.

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Money to help struggling homeowners
2:29 pm
Mon July 14, 2014

NY gets $182M in Citigroup fine

New York state's Attorney General Eric Schneiderman speaks during a news conference in June
Credit AP/John Minchillo

New York State is getting $182 million as part of a $7 billion settlement against Citigroup.

The long awaited deal between federal prosecutors and Citigroup settles allegations that Citi knew it was selling mortgage-backed securities that were about to go bad, but said nothing about it to investors.

Citi is the second bank to settle with the government to avoid a lawsuit. In 2008 Citigroup received $45 billion in federal bailouts. They did not plead guilty in today's settlement. Citi shares jumped today with news of the settlement and a strong earnings report.

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Gun control debate
7:46 am
Mon July 14, 2014

National campaign urges Senators to reconsider vote against background checks

A new national campaign is urging eight U.S. Senators who voted against universal background checks for gun purchases to reconsider.  Gun control advocates in Greenwich, Connecticut are asking people to send postcards to the Senators.

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Development
12:01 am
Mon July 14, 2014

Controversy in Rowayton, Conn. divides community

A sign in a lawn in Rowayton, Connecticut.
Kaomi Goetz

A private property in coastal Rowayton, Connecticut is stirring up controversy. A land trust wants to preserve the half-acre site as a bird sanctuary and protect the surrounding tidal estuary. But others aren’t happy with the details. 

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New York cashes $4.6B in penalties
5:04 pm
Fri July 11, 2014

NY nets more in bank fees

Benjamin Lawsky, superintendent of New York Department of Financial Services, speaks to business leaders on Long Island. Lawsky has so far collected $4.6 billion in bank fines.
Credit Charles Lane

The amount of money New York State is receiving in penalties levied against banks is increasing. In the last three months state coffers have added more than $4.6 billion in bank fines.

The bulk of the money comes from a record settlement against BNP Paribas, a French bank that admitted to violating US sanctions against Iran, Sudan, and Cuba. It was first reported that New York would receive $2.2 billion, but that number ticks up by another billion because New York City will be giving a portion of its penalty to the state.

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