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Prosecutors plan to seek a sentence of four to ten months' jail time for actress Felicity Huffman for her role in the college admissions scandal, a law enforcement source with knowledge of the investigation said.Huffman was among 13 parents who pleaded guilty last week to a charge of conspiracy to commit fraud. A total of 33 parents, including the "Desperate Housewives" star, have been accused of using their wealth to cheat on standardized tests for their children, and bribe college administrators and coaches who had clout when it came to admissions.Prosecutors' decision to seek four to ten months had nothing to do with Huffman's public apology, the source said.Ultimately, a federal judge will have the final say on Huffman's sentence.Huffman is due back in court on May 21 for a sentencing hearing.What is she accused of?Huffman has agreed to plead guilty to paying ,000 to a fake charity associated with Rick Singer to facilitate cheating for her daughter on the SATs. Singer ran a college prep business, and helped wealthy parents cheat on standardized tests for their children. He also bribed college coaches to designate children falsely as recruited athletes, smoothing their path to admission, a criminal complaint says.Huffman and Singer exchanged emails about how to get extra time on her daughter's SAT, the complaint says. They arranged for Huffman's daughter to take the SAT at a location controlled by an administrator bribed by Singer, the complaint says. The daughter got a score of 1420 out of a maximum 1600 on the SAT, about 400 points over her Preliminary SAT exam a year earlier. 1623
TAMPA, Fla. — Children in Florida are being criminally charged with prostitution — even after the state passed a law designed to protect kids sold for sex, 168
Several people were injured Saturday during the Capital Pride Parade while running from what they thought were gunshots, authorities said.Cmdr. Guillermo Rivera of the Metropolitan Police said police were responding to a call of a man with a gun. As they approached the scene, they encountered people who said shots had been fired.Police stopped a male suspect and found a handgun nearby. He was arrested. Rivera said there was no evidence that shots were fired.Seven people were taken to hospitals with minor injuries, the commander said. Other people were treated at the scene, in Washington's Dupont Circle.Police are reviewing recordings to try to determine what the noises were.A reporter for 710
Stocks went into reverse just before lunchtime on Wall Street Monday. But nobody could figure out why.There weren't any major earnings or economic reports that came out. Yes, there was a big drop in construction spending for December. But it was largely expected. And it was an "old" report whose release was delayed by the government shutdown.Still, the Dow, which was up as much as 130 points shortly after the market opened, was down 400 points by mid-afternoon before cutting those losses nearly in half. The Dow finished the day with a 207-point drop.Boeing, the biggest component of the Dow and the best stock in the blue chip average so far this year, was one of the worst performers, falling nearly 2%. UnitedHealth, McDonald's, Walgreens, Verizon and Nike were among the biggest drags on the Dow too.Paul Nolte, a portfolio manager with Kingsview Asset Management, told CNN Business that he thinks investors are growing tired of talk about an imminent agreement on a trade deal between the United States and China and want more specifics."This is, what the 38th time, that we are 'close' to a trade deal?" Nolte quipped. "You can only cry wolf so many times. We need something more tangible than we're close."Mike O'Rourke, chief market strategist with JonesTrading, told CNN Business he agreed. He said investors may simply be looking for an excuse to sell considering that the Dow, S&P 500 and Nasdaq are all sporting double-digit percentage gains this year."We've gone up sharply on the potential for a deal. But now that the finish line is in sight people are selling the news," O'Rourke said, adding that a pullback is healthy since the"behavior of the past couple of months was atypical."Market slide is much ado about nothingBut Steve Chiavarone, global allocation portfolio manager and equity strategist with Federated Investors, said the sharp pullback Monday is puzzling because most of the economic headlines are still good. He said Monday's sell-off was merely "noise."He pointed out that bond yields have pulled back now that it looks like the Federal Reserve is not going to raise rates again this year. Earnings for the fourth quarter were mostly solid. And if the trade war does end, then the profit picture could improve further.What's more, economists are expecting another solid month of jobs growth when the employment report for February is released Friday.Others argued that investors are just growing nervous for technical reasons, namely that some of the major market indexes have recently topped round number milestones, such as the Dow crossing 26,000 and the S&P 500 passing 2,800."We've tested some of those October and November highs," said William Delwiche, investment strategist with Baird. "It's purely technical and that's probably why we started to see a little loss of momentum."But William Lynch, director of investments at Hinsdale Associates, summed up the mystifying midday move down best."I have no idea why stocks fell. I don't have a clue. I'm as perplexed as you are," he said.Sometimes stocks just go down, especially after they've enjoyed a strong run. It's as simple as that.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3246
Public versus private. Government versus private sector. Big bureaucracy versus big business. Delivering healthcare to Americans is once again a central question in this year's presidential election, and the plans proposed by two of the top Democrats in the 2020 field have very little in common. For Elizabeth Warren, she is proposing an entirely public plan with no role for private insurance. At the June presidential debate, Warren agreed that she would eliminate private insurance if she has her way. “Look at the business model of an insurance company,” Warren said. “It's to bring in as many dollars as they can in premiums and to pay out as few dollars as possible for your health care"But a change from private to public would be a dramatic change for most Americans. Nearly 66 percent of Americans used private insurance in 2017, according to U.S. Census figures. Also, a number of Americans are employed by insurance companies. According to the Insurance Information Institute, more than 500,000 Americans are employed in the insurance industry. These facts are not lost on Biden, who advocated at Thursday's debate to maintain the private insurance system."I think the Obamacare worked," Biden said at Thursday's debate. "I think the way we add to it, replace everything that has been cut, add a public option, guarantee that everyone will be able to have affordable insurance, number one."Warren claimed during Thursday's debate that a Medicare-for-All system would lower overall costs."And the answer is on Medicare for All, costs are going to go up for wealthier individuals and costs are going to go up for giant corporations," Warren said. "But for hard-working families across this country, costs are going to go down and that's how it should work under Medicare for All in our health care system."The Congressional Budget Office released a report in May on the total cost of moving to a government-run healthcare system. The report says that nearly half of healthcare expenses in the U.S. come from the private sector, with the rest being funded through federal, state and local governments. Overall, Americans spend .5 trillion in healthcare per year, the CBO says. But the CBO could not put an estimate on exactly how much the average person would spend with a Medicare-for-All system. The report says a number of factors such as whether state governments will pay into the system, and whether citizens can opt out of public insurance all options would affect costs. The CBO states that the federal government has lower administrative costs than private insurance. The cost to administer all of Medicare was 6 percent, compared to 12 percent for private insurers in 2017, the CBO says. The CBO added that administrative costs could decrease even further as a Medicare-for-All system would have fewer eligibility exclusions. Although both Biden and Warren still lack key details for their plans, Biden has stated his goal is to have 97 percent of Americans insured. Warren claims that nearly 100 percent is possible with her plan. As of 2017, 91 percent of Americans were insured. The number of uninsured in 2010, at the time of Obamacare's passage, was nearly double, according to the Census. Even without changes to law, healthcare costs will likely rise in the U.S. Government estimates peg healthcare spending per year at trillion by 2027. The rate that healthcare expenses will rise will outpace overall GDP by .8 percent per year, according to government figures. 3509