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    1. SEC Sues SAC’s Cohen

    In the latest step of a long-running investigation, the Securities and Exchange Commission has sued Steven Cohen, the controversial proprietor of giant hedge fund SAC Capital, with failure to supervise employees. In recent years, federal authorities have nailed several SAC employees and affiliates for insider trading, but the SEC hasn’t been able to implicate Cohen directly to the trades. The “failure to supervise” is a less severe charge; basically, it says that as the boss and the adult in the room, Cohen should have realized his employees were doing something fishy on certain trades. Cohen has 20 days formally to answer the charges.

    July 19, 2013 2:47 PM

  2. UNSCRIPTED Obama: ‘Trayvon Could Have Been Me’ Manuel Balce Ceneta/AP

    2. Obama: ‘Trayvon Could Have Been Me’

    President Obama weighed in on the George Zimmerman verdict today in a surprise and informal talk given during the White House press meeting. The nation’s first black president spoke about the evolution of attitudes about race and said that while the nation had grown, it was “important for us to do some soul searching." "If Trayvon Martin was of age and was armed, could he have stood his ground on that sidewalk?" Obama asked. The president also related to the dead teen by telling reporters, "Trayvon could have been me, 35 years ago." Obama suggested that race played a role in both the killing and the verdict. “If a white male teen was involved in the same kind of scenario … both the outcome and the aftermath might have been different,” he said.

    July 19, 2013 2:16 PM

  3. Not Again Report: Elderly Men Held Captive Pat Sullivan/AP

    3. Report: Elderly Men Held Captive

    This is like Ariel Castro all over again. Police are investigating a report that four elderly men were held against their will in a north Houston home, possibly for several years. Police, dispatched to the scene after a 911 call, found the men in “deplorable conditions”—three sleeping on the garage floor and one locked inside the house. Three of the men are receiving treatment at the hospital and one resident, whom police say was stealing his captives’ Social Security checks, has been taken into custody. Like other recent long-term kidnapping cases, neighbors say they had no idea: “It’s sad,” said neighbor Larry Davis. “You never know what's going on around you.”

    July 19, 2013 3:03 PM

  4. goodbye, journalism Times Reporter Ordered to Testify The New York Times/AP

    4. Times Reporter Ordered to Testify

    In one of seven leak-related cases prosecuted by the Obama administration, New York Times reporter James Risen has been ordered by a federal appeals court to testify against a former CIA officer charged with leaking classified information to him. Two of the three-judge panel decided the First Amendment does not cover reporters who are the recipients of unathorized leaks. "Risen is without dispute the only witness who can offer this critical testimony,” wrote Chief Judge William Byrd Traxler Jr. Jeffrey Sterling is accused of giving Risen information for his book, State of War, about a Clinton-era operation involving Iranian scientists. Risen has said he will appeal any appeals-court loss to the Supreme Court, and pledged to go to prison instead of testifying.

    July 19, 2013 8:41 PM

  5. imposter Woman Posing as Boston Victim Arrested Dina Rudick/The Boston Globe via Getty

    5. Woman Posing as Boston Victim Arrested

    Classy. A New York woman apparently used forged hospital records to collect $480,000 from a fund for Boston Marathon bombing victims by pretending she had sustained a brain injury from the explosion. On Friday, Audrea Gause was arrested on charges of larceny with a Massachusetts fugitive warrant. Authorities say they got a tip about the scam and it's possible there are still "one or two other individuals" involved. Earlier this month, a man pleaded not guilty to trying to claim $2.2 million from the fund, which has collected more than $64 million for victims so far.

    July 19, 2013 9:16 PM

  6. HE DID IT DNA Fingers Boston Strangler Getty Images

    6. DNA Fingers Boston Strangler

    A “definitive” DNA match has been made between longtime Boston Strangler suspect Albert DeSalvo’s exhumed remains and evidence from the crime scene of the Strangler’s last victim, Mary Sullivan, who was raped and murdered in her apartment in 1964. DeSalvo, never charged for the murders because a recanted confession had been ruled inadmissible in court, was stabbed to death in a Massachusetts prison while serving a life sentence for unrelated charges. District Attorney Daniel F. Conley said, “Questions that Mary’s family asked for almost 50 years have finally been answered. They, and the families of all homicide victims, should know that we will never stop working to find justice, accountability, and closure on their behalf.”

    July 19, 2013 11:31 AM

  7. Unexpected Putin Critic Released Evgeny Feldman/AP

    7. Putin Critic Released

    Russian dissident Alexei Navalny was released Friday when an appeals court ruled that his conviction for embezzlement denied him his right to participate in the Moscow mayoral campaign, for which he’s a candidate. Navalny, a popular corruption blogger and critic of Vladimir Putin’s ruling party, was sentenced to five years in a penal colony on Thursday after he was found guilty of the dubious charges, drawing criticism from the U.S. and Europe. He will now be free to move around in Moscow while further appeals are in the works. Navalny became popular during the 2011 protests against Putin, and is known for revealing corruption in state-run companies.

    July 19, 2013 7:02 AM

  8. Finally Broke Detroit Files for Bankruptcy Carlos Osorio/AP

    8. Detroit Files for Bankruptcy

    Times are tough in Motor City. In the largest municipal bankruptcy filing in U.S. history, the emergency manager of Detroit asked a federal judge for permission to put the city into Chapter 9 bankruptcy protection on Thursday afternoon. Gov. Rick Snyder said in a letter authorizing the filing that he understood “many will see this as a low point in the city’s history.” Adding: “If so, I think it will also be the foundation of the city’s future." Detroit has been struggling for years, with a deficit that has hit $18 billion, while losing around a quarter-million residents in the past decade. If the filing is approved, the city will be allowed to liquidate assets to repay creditors and city pensioners who’ve lost money from bad bond investments and unpaid contracts.

    July 18, 2013 10:17 PM

  9. Chaos No Deal After Egypt Coup Amr Nabil/AP

    9. No Deal After Egypt Coup

    Over two weeks after the Egyptian military’s overthrow of the government of President Mohamed Morsi, there is still no sign of a deal between the generals and leaders of the Muslim Brotherhood, the movement Morsi led. Morsi’s supporters are demanding his release as a precondition for talks, leading to a stall in the process. Morsi and other senior officials have been held since the coup without being allowed to communicate with supporters. Intermediaries believe the Muslim Brotherhood is under the illusion that Morsi will be reinstated, and that their persistence could lead to their being frozen out of a future government, likely bringing on violent protests.

    July 19, 2013 7:10 AM

  10. 'I don't want to fight' Kanye West Attacks Photographer Zacharie Scheurer/AP

    10. Kanye West Attacks Photographer

    Joining the long and distinguished tradition of celebrities pummeling paparazzi is Kanye West, who on Friday afternoon attacked a photographer who was pestering him with questions at the Los Angeles International Airport. "I don't want to fight with you," the photographer said as West approached. But West attempted to wrestle the camera from the man's hands, which left him on the ground. Paramedics and police were called to the scene, but not before the new father left in a waiting car.

    July 19, 2013 9:01 PM

  11. New Rules Banks in Washington Crosshairs Richard Drew/AP

    11. Banks in Washington Crosshairs

    The country’s biggest banks are facing intensifying efforts to insulate them against causing another economic meltdown, including a new rule proposed by regulators that would require banks to build up more capital as insurance against a future crisis. Treasury secretary Jacob Lew issued an ultimatum to banks calling for the swift adoption of new rules passed in 2010’s Dodd-Frank bill, saying the government has still not ended “too big to fail,” and that he would be open to further action if necessary. Banks predictably argued that the new oversight efforts would restrict their competitiveness, an argument increasingly falling on deaf ears in Washington. The reason: the six largest banks posted profits of $23 billion in the second quarter, undercutting their insistence that their competitiveness is in danger.

    July 19, 2013 7:12 AM

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  13. TRAGEDY Picasso, Monet Masterpieces Said to Be Burned Police Rotterdam/AP

    12. Picasso, Monet Masterpieces Said to Be Burned

    In a story that defies logic, all that remains of works by Monet, Matisse, Picasso, Gauguin, Lucian Freud, and Meyer de Hanan may have been burned. Last October, thieves stole seven works belonging to collector Willem Cordia from Rotterdam's Kunsthal museum. Investigators traced the paintings to the remote Romanian village of Carcaliu, where Olga Dogaru—the mother of the alleged thief—says she burned the works because if they no longer existed, she thought he son could not get in trouble. (The paintings include Monet’s 1901 Waterloo Bridge, London, Gauguin’s 1898 Girl in Front of Open Window, and Picasso’s 1971 Harlequin Head.) While experts have not yet confirmed the remains are definitely those works, they have discovered remnants like tin-lead yellow which has not been used since the 19th century as well as nails and tacks made by blacksmiths. 

    July 19, 2013 1:27 PM

  14. REPERCUSSIONS Report: Cop Relieved of Duty for Dzhokhar Photos FBI/AP

    13. Report: Cop Relieved of Duty for Dzhokhar Photos

    Sgt. Sean Murphy, a tactical photographer for the Massachusetts State Police, has been relieved of duty, though not fired, after releasing bloody images of Dzhokhar Tsarnaev moments before his capture. Murphy’s move was in direct response to the controversial Rolling Stone cover, which some say portrayed the suspected Boston bomber as a rock star. “I hope that the people who see these images will know that this was real. It was as real as it gets. This may have played out as a television show, but this was not a television show,” the photographer said. “What Rolling Stone did was wrong. This guy is evil. This is the real Boston bomber.” An internal investigation into Murphy’s actions has reportedly begun.

    July 19, 2013 8:45 AM

  15. SECRET SCREED Kanye Rants on Leaked Tape Jason DeCrow/AP

    14. Kanye Rants on Leaked Tape

    Kanye is about as unfiltered as it gets when he’s on the record, so what about when he’s talking, say, to a recorder he doesn’t know is there? Gawker published an audiotape that appears to be the rapper ranting about his VMA incident with Taylor Swift, racism, and lots of other (very) loosely related subjects. “I fuckin’ care!” Kanye says, speaking of the verse he rewrote for Rihanna’s single “Run This Town.” “Because I wrote my verse in two days, Taylor Swift cannot beat Beyoncé! As long as I’m alive!” Asked on the tape why he’s so angry, West replies, “Because my mother got arrested for the fuckin’ sit-ins. My mother died for this fame shit!” And so it goes.

    July 19, 2013 7:27 AM

  16. Circus Prep NY’s Peter King Considers 2016 Run Bruce Bennett/Getty

    15. NY’s Peter King Considers 2016 Run

    New York Republican Peter King has surveyed the 2016 playing field and isn’t too keen on what he sees. The 11-term Long Island representative told ABC News he may consider a presidential run, saying he’s “going to see where it goes.” King said he is disappointed by the lack of focus on foreign policy and security issues. “I’m not crazy about Rand Paul and Ted Cruz,” he said of his potential competitors. “But on the other hand, you know, guys like Chris Christie and Jeb Bush, I have a lot of regard for.”

    July 18, 2013 5:39 PM

  17. Study Fracking Doesn’t Contaminate Water Brennan Linsley/AP

    16. Fracking Doesn’t Contaminate Water

    A landmark federal study on the effects of fracking, in which rock is broken up by pressurized liquids, revealed Friday that chemicals used in the drilling process did not move upward toward sources of drinking water. After a year of observation of a site in Pennsylvania, researchers found that the chemical-laced fluids used to release natural gas trapped underground stayed deep beneath the surface, far below the shallow areas that would affect drinking-water aquifers. The results are preliminary, and the study continues, but it is a boost to the natural-gas industry, which has faced intense resistance from environmental groups over fracking.

    July 19, 2013 7:20 AM

  18. SANITY? Florida Protests ‘Stand Your Ground’ Pool image by Joe Burbank, via AP

    17. Florida Protests ‘Stand Your Ground’

    Florida lawmakers are pushing for a special session to consider changing the state’s controversial “stand your ground” law, the one that made it difficult for a jury to convict George Zimmerman in the shooting of Trayvon Martin. “This bill encourages people to shoot their way out of situations, and that’s not how we live in a civilized society,” state Democratic leader Chris Smith said. Florida legislators fear that high-profile boycotts of the state could intensify if the law isn’t changed. Meanwhile, dozens of young protesters have been occupying Gov. Rick Scott’s office demanding a reconsideration of the law.

    July 19, 2013 7:23 AM

  19. Faux pas Filner to Speak at Sexual-Assault Benefit TIM SLOAN/AFP/Getty Images

    18. Filner to Speak at Sexual-Assault Benefit

    San Diego Mayor Bob Filner, a Democrat, was recently accused of sexual harassment. Though the details of the charge are unclear, he has apologized for his mistakes, telling citizens, “If my behavior doesn’t change, I cannot succeed in leading our city. You have every right to be disappointed in me.” To make a bad situation even more uncomfortable, Filner was to receive an award from the National Military Women Veterans Association of America at a benefit for sexual-assault victims. He will still headline the gala August 30–31, but will no longer be honored with an award.

    July 19, 2013 10:53 AM

  20. HEAVY-HANDED Texas Files ‘Heartbeat’ Abortion Bill Erich Schlegel/Getty

    19. Texas Files ‘Heartbeat’ Abortion Bill

    Because there wasn’t enough abortion drama in Texas, three Republican lawmakers have filed a measure to criminalize abortions after a fetal heartbeat is detected—it normally is heard around six weeks into a pregnancy. The Texas legislature has been holding a special session to discuss abortion restrictions after attemptimg to ban abortion after 20 weeks riveted the nation. To detect a fetal heartbeat at the earliest stage, as this law proposes, typically requires an invasive probe rather than an outer-body ultrasound. North Dakota recently passed a similar bill.

    July 18, 2013 8:13 PM