National Briefs / Obama eyes financial rules
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WASHINGTON -- President Barack Obama is warning congressional Republicans not to undo financial rules he signed two years ago, and he's taking specific note of the work of a consumer agency created by the new law.
In his Internet and radio address Saturday, Mr. Obama drew attention to the Consumer Financial Protection Bureau, noting that it and other regulators recently cracked down on three credit card companies, ordering them to pay $400 million to people who were misled into making purchases they didn't want.
"Sadly, that hasn't been enough to stop Republicans in Congress from fighting these reforms," Mr. Obama said. "Backed by an army of financial industry lobbyists, they've been waging an all-out battle to delay, defund and dismantle these new rules."
In the Republican address, Missouri congressional candidate Ann Wagner promoted Mitt Romney for president, called for changing the U.S. tax code, which she called a "72,000-page monstrosity," and urged the repeal of Mr. Obama's health care law.
SAN DIEGO -- Fourteen people in Southern California have been indicted on charges of stealing more than $1 million from Citibank through a scam involving cash-advance kiosks at casinos, federal prosecutors in San Diego announced Friday.
The scam involved making simultaneous withdrawals far in excess of the amount in the individual's account, according to court papers. The bank's security system was not equipped to detect simultaneous withdrawals.
After getting money from the cash-advance kiosks, some of the 14 would then go on gambling sprees at the casinos, with some of the casinos giving them free rooms after mistaking them for high-rollers, according to the indictment.
DOWNEY, Calif. -- A suspect was in custody after being arrested Friday in the killing of three people and wounding of two others in suburban Los Angeles, authorities said.
Jade Douglas Harris, 30, had been detained and questioned Thursday after a stolen black Camaro was found in Los Angeles, about 20 miles north of suburban Downey, where the shootings occurred.
Police haven't given a motive but said they don't believe the killings were a random act of violence.
ST. LOUIS -- At least 10 students at Granite City High in Illinois were suspended Wednesday through Friday after administrators found Twitter content that "threatens or compromises a person's sexual integrity" and contains "comments or threats pertaining to school safety."
Administrators said they had no choice because students violated school rules. But an official with the Illinois chapter of the American Civil Liberties Union said school districts throughout the country are commonly going too far when it comes to monitoring Internet activity outside of school.
VALPARAISO, Ind. -- An employee at a northwest Indiana library found a gun inside a hollowed-out book donated to the branch.
The Times of Munster reported Saturday that police in Valparaiso are holding the gun as evidence.
Assistant Library Director Phyllis Nelson says librarians have no way of knowing who donated the book. She says thousands of books are donated each month and no records are kept.
First Published October 28, 2012 12:00 am