A U.S. Senate report rips into the world’s second largest bank, London-based HSBC. A Senate subcommittee says HSBC handled illegal transactions for drug cartels, al Qaeda supporters, and Iran. A Congressional watchdog panel will be grilling executives from HSBC about all this.
Elsewhere in the Capitol this morning, Federal Reserve Chairman Ben Bernanke took his regular seat before the Senate Banking Committee, and, per usual, his words are getting careful scrutiny.
Yahoo has a new CEO: 37-year old Marissa Mayer will become the company’s fifth chief executive in five years. She’s a longtime Google exec and an architect of what the tech world calls “the Google User Experience.” Oh, and by the way, she’s also pregnant.
President Obama was booed at an event in Cincinnati yesterday — not because of the economy or health care or anything like that. According to the Washington Post, he was booed after saying that his favorite Girl Scout cookie is the Thin Mint. Turns out that puts President Obama at odds with 75 percent of the Girl Scout cookie consuming public. According to the Girl Scouts of America, Thin Mints account for just 25 percent of all sales.
In Syria, as the 16 month conflict between President Bashar al Assad and opposition forces continues, the US has been trying to get Russia to stop sending weapons. Russia says it won’t make any new arms deals, but that won’t stop the flow.
It’s considered the largest African American bookstore in the country and it’s closing its doors at the end of this month. The Hue-Man bookstore in Harlem has been around for ten years, but rising rents and a changing industry have made it impossible for the bookstore to stick around.