Huff Post Ryan Grim and Cole Stangler Posted: 08/08/2012 9:38 am Updated: 08/09/2012 12:21 am
In 1983, Bill Bain asked Mitt Romney to launch Bain Capital, a private equity offshoot of the successful consulting firm Bain & Company. After some initial reluctance, Romney agreed. The new job came with a stipulation: Romney couldn't raise money from any current clients, Bain said, because if the private equity venture failed, he didn't want it taking the consulting firm down with it.
When Romney struggled to raise funds from other traditional sources, he and his partners started thinking outside the box. Bain executive Harry Strachan suggested that Romney meet with a group of Central American oligarchs who were looking for new investment vehicles as turmoil engulfed their region.
This year, protesters plan to target the Democratic and Republican National Conventions with equal force
A Tampa police armored vehicle is parked outside The Tampa Bay Times Forum in downtown Tampa, Florida August 3, 2012. The Republican National Convention will be held at the Forum from August 27 to August 30, 2012. (Credit: Reuters/Brian Blanco)
From Rick Martin, CNN updated 3:23 PM EDT, Thu August 16, 2012
Two sheriff's deputies in Louisiana were shot to death and at least two others were injured in an early morning shootout west of New Orleans, Aug. 16, 2012. (WWLTV)
(CNN) -- Two sheriff's deputies died and two were wounded in a series of apparently linked shootings early Thursday in LaPlace, Louisiana, authorities said.
The first shooting happened in a parking lot at a steel plant in LaPlace, about 25 miles west of New Orleans, St. John the Baptist Parish Sheriff Mike Tregre said. The second happened when the deputies went to a nearby trailer park to investigate the first shooting and were ambushed by a man armed with what Tregre described as an assault rifle, he said.
Anti-regime protesters hold pictures of prominent Shia cleric Nemr al-Nemr during a rally in Saudi Arabia’s coastal town of Qatif on July 8, 2012.
Anti-regime protesters have demonstrated in Saudi Arabia to condemn the regime’s crackdown on peaceful protests and call for the release of political prisoners.
On Wednesday, demonstrators held rallies against the repressive regime of Al Saud in Eastern Province, demanding an end to human rights violation in the monarchy.
The Bermuda Triangle: mysterious, unworldly, sometimes deadly. For decades intrepid researchers delved into the maze of mysteries hidden deep within this most enigmatic place on Earth.
Some speculate the bizarre time anomalies, disappearances and weird phenomena can be explained by natural occurences. Others are insistent that relics of an advanced, unknown culture left behind fantastic technology…great energy machines that literally warp spacetime and open portals to other realities.
* Goal to be able to get missiles anywhere in an hour
An undated U.S. Air Force handout graphic depicts the X-51A Waverider in flight. Credit: Reuters/US Air Force/Handout/Files
LOS ANGELES, Aug 15 (Reuters) - An unmanned experimental aircraft designed to fly six times the speed of sound broke apart over the Pacific Ocean seconds into a military test flight due to a faulty control fin, the U.S. Air Force said on Wednesday.
The cost of borrowing dollars, sterling and euros for three months in the London interbank market continued to fall Thursday.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, decreased to 0.43350% from 0.43450% Wednesday.
Reuters By Carrick Mollenkamp and Brett Wolf and Karen Freifeld
Thu Aug 16, 2012 2:34pm IST
Superintendent of the Department of Financial Services Benjamin Lawsky listens to New York Governor Andrew M. Cuomo speak during a cabinet meeting in Albany, New York in this October 12, 2011 file More... Credit: REUTERS/Hans Pennink/Files