- After years of drought, California is being inundated with a massive storm that could dump as much as ten inches of rain in parts of the Golden State.
- The GOP-led House has passed measures to remove insurance companies from oversight in Dodd-Frank financial reform legislation as part of today's must pass spending bill.
- A US appeals court has thrown out two major hedge fund insider trading convictions, putting dozens of other convictions obtained in the last several years in jeopardy of also being reversed.
- British analysts are warning that drug-resistant infections may cost the global economy up to $100 trillion over the next 35 years, a threat they say is as great as climate change.
- The US Navy has approved the military's first ship-based laser weapon for use aboard the USS Ponce in the Persian Gulf.
If all printers were determined not to print anything till they were sure it would offend nobody, there would be very little printed. -- Benjamin Franklin
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