War in Afghanistan: President Barack Obama's plan for the way forward in Afghanistan will cost $30 billion, and Congress is going to have to come up with a way to pay for it, The Washington Post reports. In a prime-time speech last night, Obama laid out his plan which will deploy 30,000 more troops to the country. The New York Times reports that NATO may send an additional 5,000 troops as well.
Getting Bigger All the Time: Europe's largest banks are emerging from the economic crisis bigger than ever, and with that growth comes greater risk of future economic trouble, Bloomberg reports. BNP Paribas SA, Barclays Plc and Banco Santander SA are among at least 353 European lenders that have increased in size since the beginning of 2007.
Dixon Convicted: Baltimore Mayor Sheila Dixon was found guilty yesterday of embezzling about $500 in retail gift cards meant for charity, The Baltimore Sun reports. That conviction, though a misdemeanor, could end her tenure as Baltimore's first woman mayor.
Lawyer Fraud Case: Florida attorney Scott Rothstein, who is facing charges of racketeering conspiracy that includes mail fraud, wire fraud and money laundering, appeared in court yesterday and was ordered to be held on bond because he is a flight risk. The Daily Business Review reports via Law.com that Assistant U.S. Attorney Paul Schwartz told Magistrate Robin Rosenbaum that during the alleged multi-year scheme, Rothstein concocted phony orders and forged the signatures of judges' names including those of federal judges and a District Court of Appeal judge.