Ho, Have A Seat News: A company run by former American International Group Inc Chief Executive Maurice “Hank” Greenberg on Monday filed a $25 billion lawsuit against the United States, claiming that the government takeover of the insurer was unconstitutional. In its complaint, Greenberg’s Starr International Co said that in bailing out AIG and taking a nearly 80 percent stake, the government failed to compensate existing shareholders. It said this violated the Fifth Amendment, which bars the taking of private property for public use without just compensation. Read more here.
He Signed You Bill! Now You’re A Law! News: Heralding a rare moment of bipartisan agreement, President Barack Obama signed into law Monday legislation aimed at helping unemployed veterans find work while putting more cash in the hands of companies with government contracts. The legislation, which creates tax breaks for companies that hire jobless veterans, marks the first proposal from Obama’s $447 billion jobs bill to be signed into law. The rest of the package of new taxes and spending has largely failed to garner support from Republican lawmakers. Read more here.Another Day, Another Recall News: A voluntary recall of 5,379 cases of bagged salad products has been announced by both Ready Pac Foods Inc. and the US FDA (Food and Drug Administration) – the recall refers specifically to products that contain Romaine lettuce with a November 18th, 2011 use-by-date. The company says these products could be tainted with E. coli O157:H7, a bacterium that can cause diarrhea and bloody stools. Most healthy adults infected with E. coli make a full recovery within about seven days. However, some individuals can develop HUS (Hemolytic Uremic Syndrome), a type of kidney failure which can be fatal. Young children and elderly individuals are more susceptible to E. coli complications. Read more here.
Happy Monday POU Family! Check out the links and come back to discuss. Here’s your Monday dose of MJ……