Factory construction boosts economy

USA TODAY: … A 12.6% surge in spending on non-residential structures — notably new and expanding factories — was a big reason for last week’s upward revision of second quarter economic growth. The Commerce Department said the economy expanded at a 4.6% annual rate, up from its previous 4.2% estimate and the strongest growth in […]

Hong Kong: Protesters defiant amid stand-off

BBC: Tens of thousands of pro-democracy protesters are blocking Hong Kong’s streets, shutting down its business hub and ignoring appeals to leave. The demonstrations have spread to other areas including a shopping district and a residential area. Riot police withdrew on Monday after overnight clashes in which they used batons and fired volleys of tear […]

Trial over AIG bailout set to open Monday

USA TODAY: … Starr International, the investment firm of former AIG CEO Maurice Greenberg, 89, alleges in the lawsuit that the government broke the law by taking control of AIG as part of the bailout… Government lawyers deny the Court of Federal Claims allegations. They contend Starr lacks legal standing to bring the case on […]

Christie rallies GOP troops for Corbett

PHILADELPHIA INQUIRER: Gov. Christie’s travels brought him closer to home Friday night when he stopped in the Harrisburg area to exhort Pennsylvania Republicans to ramp up their efforts to reelect Gov. Corbett. In his 25-minute keynote speech at the Pennsylvania GOP’s Fall Meeting, Christie used humor, anger, and Jersey-style threats to rouse more than 600 […]

California Defelonization Initiative Appears Poised for Victory

The initiative would attempt to address the state’s chronic over-incarceration problems by moving six low-level, nonviolent crimes from felony/wobblers to misdemeanors. A “wobbler” is an offense that can be charged as either a felony or misdemeanor. Among the included offenses is simple drug possession. (The others include shoplifting under $950, check forgery under $950, and petty theft or receipt of stolen property under $950.)