The Hill  The Obama administration issued new guidance intended for defense contractors Friday afternoon, reiterating the administration’s position that the companies should not be issuing layoff notices over sequestration.

The Labor Department issued guidance in July saying it would be “inappropriate” for contractors to issue notices of potential layoffs tied to sequestration cuts. But a few contractors, most notably Lockheed Martin, said they still were considering whether to issue the notices — which would be sent out just days before the November election.
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It looks like there is one country that does know how to deal with bank fraud.

Huffington Post  DUBAI, July 30 (Reuters) – An Iranian court has sentenced four people to death for a billion-dollar bank fraud that tainted the government of President Mahmoud Ahmadinejad, state media reported on Monday.
Continue reading “Iran Bank Fraud Scandal: 4 Sentenced To Death”