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    Ex-Goldman exec's 2-year sentence draws scrutiny

    NEW YORK (AP) — A man who was once one of the nation's most respected business executives has received a two-year sentence for insider trading, leading some legal experts to question whether the punishment is fair.

    Judge Jed Rakoff on Wednesday sentenced former Goldman Sachs and Procter & Gamble Co. board member Rajat Gupta to two years in prison and ordered him to pay a $5 million fine, saying it was sufficient punishment for the 63-year-old Westport, Conn., resident. The sentence was a fifth of the 10 years requested by government prosecutors.

    Chicago attorney Andrew Stoltmann says Gupta "intentionally betrayed his duties to Goldman Sachs" and refused to take responsibility for his actions. He says Gupta's sentence should have been closer to the 10 years prosecutors had recommended.

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    • No Wonder Republican Criticism of Obama Isn’t Working

      Henny Youngman, the late borscht belt comedian, told hundreds of politically incorrect jokes. One of them was his response when asked, “How’s your wife?” “Compared to what?” he’d say.

    • California reveals prices for health insurance under Obamacare

      By Sharon Bernstein LOS ANGELES (Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation. Under the federal health care reform law, Californians who do not get or cannot afford health insurance through their jobs can buy coverage through an exchange, at a group rate negotiated by state regulators. ...

    • Trucker bumps I-5 bridge, sees tragedy behind him

      MOUNT VERNON, Wash. (AP) — The trucker was hauling a load of drilling equipment when his load bumped against the steel framework over an Interstate 5 bridge. He looked in his rearview mirror and watched in horror as the span collapsed into the water behind him. Two vehicles fell into the icy Skagit River.

    • Woman feared Iowa kidnapping suspect's release

      IOWA CITY, Iowa (AP) — The ex-girlfriend of a man suspected of kidnapping two Iowa girls this week worried that he would harm her and her family before his impending release from prison in 2011, citing prior sexual and physical abuse and threats, according to court records released Friday.

    • Why is AT&T milking subscribers for an extra $500 million? ‘Because they can’

      AT&T said earlier this week that it will add a new administrative fee to each of its wireless subscribers’ monthly bills. The fee is only $0.61, which doesn’t sound like much, and an AT&T spokesperson was quick to point out to several news sites that this new fee is lower than similar fees charged by rival carriers. Subscribers were still outraged. Now that the shouting has died down a bit, however, people are looking for a batter explanation for the new charge they’ll see each month. According to one industry watcher, that explanation couldn’t be simpler: “Because they can.” “Why would AT&T do this? Because they can, and it is all in the pricing strategy,” Joe Hoffman, principal analyst at ABI Research

    • Rare Superman comic found in house insulation

      It's considered the Holy Grail of comic books: Action Comics No. 1 from 1938, featuring the debut of Superman. And David Gonzales found one mixed in with old newspapers insulating a wall in a house he ...

    • Woman accused of contaminating daughter's IV tubes

      TUCSON, Ariz. (AP) — A prosecutor says a woman on trial in Tucson contaminated her hospitalized infant daughter's intravenous lines in an attempt to get attention from the girl's father.

    • Michelle Obama vacation: Will critics slam this trip too?

      Michelle Obama and daughters Sasha and Malia are looking at an extended vacation on Martha’s Vineyard this summer, according to a report in The Boston Globe. The Globe might have something here – it’s almost a local Vineyard paper, after all.

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