Former U.S. Treasury Secretary Lawrence Summers said increased government spending offered greater reward than Federal Reserve bond purchases as authorities seek to boost growth in the world’s No. 1 economy.
The vice chairman of the Bitcoin Foundation was charged by federal prosecutors with conspiring to launder more than $1 million in the virtual currency, the latest charges tied to the illicit online bazaar Silk Road.
Airlines flying to Winter Olympics host Russia are being warned to watch for toothpaste tubes containing materials that could be used by terrorists to make a bomb, according to a U.S. law enforcement official.
Recent warnings and restrictions on air travelers heading to Russia are a “real time” response to threats associated with the Winter Olympics, which opened today, Homeland Security Secretary Jeh Johnson said.
For decades, those responsible for a 1978 pre-dawn robbery at the Lufthansa cargo terminal at John F. Kennedy International Airport, immortalized in the movie “Goodfellas,” eluded authorities. Only one person, an airline employee, was convicted, suspected organized crime associates were murdered and more than $6 million in cash, gold and jewels was never recovered.
With New Jersey Governor Chris Christie mired in scandal after disclosures that his aides may have engineered a George Washington Bridge traffic jam as political payback, New York Governor Andrew Cuomo is taking a bigger role at the agency at the controversy’s heart.