Special Interest Glance
The New York attorney general is investigating whether some of the nation’s biggest private equity firms have abused a tax strategy in order to slice hundreds of millions of dollars from their tax bills, according to executives with direct knowledge of the inquiry.
The attorney general, Eric T. Schneiderman, has in recent weeks subpoenaed more than a dozen firms seeking documents that would reveal whether they converted certain management fees collected from their investors into fund investments, which are taxed at a far lower rate than ordinary income.
This conviction is believed to be the first-ever felony cruelty-to-animals decision in a case related to birds-used-for-food production conditions in the United States.
Critics blasted a nationally renowned Catholic priest Thursday for his outrageous claim that underage victims of pedophiles such as Jerry Sandusky and rogue priests are sometimes the seducers.
Software giant Apple has blocked an app that would notify subscribers every time a US drone carried out a deadly mission on the grounds that it is "objectionable and crude", according to the program's designer.
Astronomers say that, for the first time, they have discovered one of the ingredients of life — sugar — in a gas cloud surrounding a young star. The team of European and American astronomers says it spotted a simple sugar molecule called glycolaldehyde near a 10,000-year-old star similar to the sun.
A Mount Union pastor has been placed on leave after 30-year-old allegations of sexual misconduct with minors in Cambria County surfaced on Friday.
Rep. Steve King, one of the most staunchly conservative members of the House, was one of the few Republicans who did not strongly condemn Rep. Todd Akin Monday for his remarks regarding pregnancy and rape. King also signaled why — he might agree with parts of Akin’s assertion.
