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The Department of Education has opened a preliminary investigation of institutions named in the Department of Justice investigation into admissions scams, documents obtained by CNN show.Eight universities -- Georgetown, Stanford, UCLA, the University of San Diego, the University of Southern California, the University of Texas at Austin, Wake Forest and Yale -- received letters informing them of the preliminary investigation and requesting written answers to questions pertaining to the Justice Department's investigation.The questions include the names of employees charged, students whose admissions have been mentioned in connection with the case, and all admissions records and policies since 2009.The letters say that "this preliminary investigation will examine whether there is evidence of any violation of the law or regulations governing the Federal student financial aid programs. "Education Secretary Betsy DeVos said last week that the department would review whether any regulations were violated in connection with the scheme.Prosecutors have charged 50 people, including 33 wealthy parents, for carrying out a scheme to cheat on standardized tests and/or bribe college coaches, who then helped the prospective students gain admission by falsely claiming they were athletic recruits.In a statement, DeVos called the alleged actions by the parents, some of whom allegedly paid more than million to secure admission, "disgraceful.""Every student deserves to be considered on their individual merits when applying to college and it's disgraceful to see anyone breaking the law to give their children an advantage over others," DeVos said. "The department is looking closely at this issue and working to determine if any of our regulations have been violated."The nationwide scandal revealed in multiple indictments earlier this month rekindled conversations about fairness in and access to higher education, where the ability to pay, legacy status, and other connections have long played a role in admission.The Education Department investigates anti-discrimination standards for schools, oversees the organizations that accredit colleges and universities, and regulates eligibility and rules for federally-funded financial aid programs.Schools have 30 days to submit their responses.< 2317

The Dow Jones Industrial Average soared nearly 2,000 points higher, a day after the worst day for American markets since the 1987 Black Monday crash.Friday started off with a bang in the foreign markets. Shares were up about 5% in Paris and London but fell 6.1% in Japan early Friday morning. Then the Dow continued to climb throughout Friday after the Dow lost nearly 10% of its value on Thursday. The Dow lost nearly 2,400 points on Thursday. Despite Friday's gains, the Dow has still seen a drop in value in the last month. The Dow has lost 22% of its value since last month's record high.Wild swings continued in some markets as governments stepped up precautions against the spread of the new coronavirus and considered ways to cushion the blow to their economies. India's Sensex gained 4% after plunging 10% when it opened. More central banks, including those of China, Sweden and Norway, intervened to flood credit markets with liquidity, a day after similar interventions from the U.S. Federal Reserve and European Central Bank. 1048

The holiday shopping season is upon us and it’s never too early to start scoping out gift ideas, especially for the children in your life. It can be hard to shop for kids because of rapidly changing toy trends and the sheer amount of choices in stores. To help make things easier, some of the nation’s largest retailers have already released toy catalogs highlighting some of the year’s hottest toys. 413

The Justice Department says President Donald Trump's former national security adviser Michael Flynn deserves up to six months in prison. That's according to a court filing Tuesday. Flynn pleaded guilty in 2017 to lying to the FBI about his conversations with the then-Russian ambassador to the United States, including about his request that Russia not escalate tensions with the U.S. following sanctions imposed by the Obama administration for election interference. At the time, he was the closest Trump associate to agree to cooperate in special counsel Robert Mueller's Russia investigation. 607

The chairmen of three House committees subpoenaed Secretary of State Mike Pompeo Friday over his failure to produce answers about Ukraine."Pursuant to the House of Representatives' impeachment inquiry, we are hereby transmitting a subpoena that compels you to produce the documents set forth in the accompanying schedule by October 4, 2019," the chairmen of the House Foreign Affairs, Intelligence and Oversight committees wrote in a letter to Pompeo.In addition to the subpoena, Reps. Adam Schiff, Eliot Engel and Elijah Cummings informed the top US diplomat in a separate letter that they had scheduled depositions for five State Department officials who have been mentioned in relation to the inquiry -- Ambassador Marie "Masha" Yovanovitch, Ambassador Kurt Volker, Deputy Assistant Secretary George Kent, Counselor T. Ulrich Brechbuhl and Ambassador Gordon Sondland.The chairman of the three committees wrote to Pompeo on September 9 with a request for six categories of documents "related to reported efforts by President Trump and his associates to improperly pressure the Ukrainian government to assist the President's bid for reelection."That initial letter requested these materials by September 16. After that deadline was missed, Schiff, Engel and Cummings sent another letter on Monday warning that unless the documents were handed over, "our Committees will have no choice but to move towards compulsory process this week."The State Department had until Thursday to reply.Pompeo has not publicly addressed the State Department's role in Rudy Giuliani's dealings with Ukraine and the State Department has not responded to numerous requests for comment about the situation. 1696

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