Dissident and artist Ai Weiwei said Thursday that he has been forbidden from leaving China, despite the lifting of strict bail conditions imposed after he was released from detention last year. This comes a day after a hearing on his tax evasion case, which he was prevented from attending.
For the first time since President Obama took office, the White House has invoked executive privilege in a dispute with Congress. Obama sided with his Justice Department and refused to turn over documents to House Republicans in their probe of the botched gun-trafficking operation known as Fast and Furious. But the aggressive move by the president was not enough to stop a Republican committee from voting to hold his attorney general in contempt.
Spain is in line to get a European bailout of up to $125 billion for its banks. Audits due Thursday will show just how indebted Spanish banks are. But economic uncertainty has already sparked violence.
A new study from the Pew Research Center shows that the gap between states' assets and how much they'll owe retirees in pensions and health care is growing. According to the most recent numbers, for fiscal year 2010 that gap grew 9 percent from the previous year to almost $1.4 trillion dollars.
Oracle CEO Larry Ellison reached a deal to buy nearly the entire Hawaiian island of Lanai. The land is currently owned by billionaire David Murdock who is the CEO of Castle and Cooke and the majority stock holder in Dole Food Company.