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U.S. Postal Service faces doomsday.

U.S. Postal Service Braced for Massive Cuts

Postmaster General Patrick Donahoe is proposing some dramatic changes to cut costs – including the firing of one-fifth of all employees (some 220,000 people) either through layoffs or attrition; the elimination of Saturday mail delivery; and the closing of nearly 4,000 post offices across the country.
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Combo of former International Monetary Fund Chief Dominique Strauss-Kahn (L) and Nafissatou Diallo(R)

Prosecutors Tell NY Judge to Drop Strauss-Kahn Case

New York prosecutors asked a judge to dismiss sexual assault charges against former IMF chief Dominique Strauss-Kahn on Monday, a stunning reversal that could revive the political future of a man many had seen as the next president of France.
Pedestrians are reflected in the window as customers conduct transactions at a Bank of America ATM in Washington

Judge Allows Intervention in BofA $8.5 Billion Pact

A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp's proposed $8.5 billion settlement with investors who lost money on mortgage-backed securities.
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9/11 documentary S.O.S. struggles to find home

S.O.S./State of Security -- a devastating documentary about 9/11 and its aftermath -- is having a tough time getting distribution on home soil as the 10th anniversary of the terrorist attack approaches.
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United States will not bid for 2020 Summer Games

The United States Olympic Committee (USOC) said on Monday it will not submit a bid to stage the 2020 Summer Olympics.New York, Chicago, Los Angeles, Minneapolis, Dallas, Tulsa and Las Vegas all had vague discussions with the USOC about the 2020 race but the organization said there was not enough time to put together a winning bid ahead of the September 1. deadline.
Rocket shoots skyward

Gold Price Cracks $1,900: New Record on Safe-Haven Buying

The price of gold ripped past $1,900 per ounce Monday, boosted by fears of enough wealth-destroying developments to erase any doubts that the world's oldest safe-haven investment is still the world's No. 1 safe-haven investment.
Former New York governor Spitzer speaks at the Reuters Global Financial Regulation Summit in New York

Spitzer Sued for Libel Over His Slate Column

Former New York Governor Eliot Spitzer was hit with two libel lawsuits seeking $90 million by former Marsh & McLennan Cos executives over a column posted on Slate.com about an insurance bid-rigging scandal.
Kris Humphries and Kim Kardashian

Kim Kardashian Wedding: the Dress, the Ceremony, the Food [VIDEO]

If you haven't heard by now, E! reality star Kim Kardashian married her NBA player boyfriend Kris Humphries on Saturday night in a lavish ceremony in Monecito, Calif. More details are beginning to emerge about her wedding stunning ivory Vera Wang gown and ceremony.

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