In today’s weekend updates we provide links to the volcanic eruption in Iceland, Americans views of Washington, Goldman-Sachs’ fraud charges and Toyota’s fines for the recall.
According to the UK’s Met Office, the eruption of the Eyjafjallajoekull volcano in Iceland is “weakening”, but weather patterns, for the time being, continue to blow volcanic ash towards the UK.
By almost every conceivable measure, Americans are less positive and more critical of their government these days. There is a perfect storm of conditions associated with distrust of government—a dismal economy, an unhappy public, and epic discontent with Congress and elected officials.
The U.S. Securities and Exchange Commission accused Goldman Sachs Group of fraud in the structuring and marketing of a debt product tied to subprime mortgages. Following is a collection of related Reuters stories.
Transportation Secretary Ray LaHood said Monday that Toyota had agreed to pay a $16.4 million fine, the largest government penalty ever against an automaker, for concealing information related to its sticking pedal recall.