1. Drama at Sea

    Presidential Yacht in Legal Battle

    USS Sequoia presidential yacht with Denmark's Queen Margrethe and Prince Consort Henrik on board departs for a lunch time cruise on Potomac river in Washington, DC on June 7, 2011. AFP PHOTO/YURI GRIPAS (Photo credit should read YURI GRIPAS/AFP/Getty Images)


    For decades it was the extravagant floating haven for U.S. presidents, but now the USS Sequoia is embroiled in a legal tug-of-war. Once called the “floating White House,” the Sequoia, which was used by every president from Herbert Hoover to Gerald R. Ford, was auctioned off in 1977. Now, it's owner is suing a company called FE Partners, which lent the Sequoia money last year but is now allegedly seizing on a technicality to buy the ship for half its worth and possibly sell it overseas. The company claims that the ship's owner mishandled the loan and the vessel has been mismanaged. Thar she blows. 

    Read it at The Washington Post