The Jefferson Trial: The BLT's Jordan Weissmann continues to report from the trial of former Rep. William Jefferson. In day two of the trial, prosecutors focused on two points: The former congressman had used his office to gin up business for a small tech company; then his family got paid for the work.
Meeting of the Minds: Iran’s Guardian Council says it has invited the three candidates challenging the official results to a meeting to discuss their complaints. Protesters, however, say they will continue taking to the streets until the election is annulled, The New York Times reports. Supporters of Mir Hossein Mousavi are planning a national day of mourning today to commemorate those killed in demonstrations.
Corralling Financial Cowboys: President Obama laid out a top-to-bottom overhaul of financial industry regulation yesterday, promising sweeping changes for banks, consumers, hedge funds and the Federal Reserve. The overhaul is designed to strengthen the government oversight system that failed to either prevent or mitigate the current financial crisis, USA Today reports. Wall Street is not taking kindly to the president's reform efforts though, the Los Angeles Times reports.
Breaking His Silence: Former President Bush took aim at the Obama administration yesterday, criticizing his successor's policies in a number of areas, The Washington Times reports. Among the topics Bush discussed were the election in Iran, the closing of the Guantanamo Bay detention center in Cuba, and his administration's interrogation policies.
Putting It Out There: Saul Ewing has posted its alternative fee arrangements on its Web site, The Legal Intelligencer reports via Law.com. The fixed-fee programs have already started to bring in new work, and the goal is to have practice group leaders come up with other areas in which the programs could be expanded.
N. Korea Continues to Frustrate World: Adding to the list of Western grievances, North Korea is continuing to engage in widespread insurance fraud schemes that bring in hundreds of millions of dollars from some of the world's largest insurance companies, The Washington Post reports. The isolated North Korean government has collected on large and suspicious claims for transportation accidents, factory fires, flood damage and other alleged disasters. So far, international efforts to overturn the claims have failed in British courts.
Breaking News, Literally: Shortly after Supreme Court nominee Sonia Sotomayor fell and broke her ankle in New York, Secretary of State Hillary Clinton tripped and fell near the White House, breaking her right elbow. Clinton will undergo surgery next week to repair the damage, the Los Angeles Times reports.