Global Glance: Moody’s to pay $864M to settle ratings inflation claims; Trump promises health insurance for all

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Moody’s to pay $864M to settle claims it inflated ratings

NEW YORK (AP) — Moody’s Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years leading up to the financial crisis. The deal announced Friday was struck among the New York-based rating agency, the Justice Department and the attorneys general for 21 states and the District of Columbia. It calls for $437.5 million to go to the Justice Department and $426.3 million to be divided among the states and the District of Columbia. Read more

Trump promises health insurance for all

WASHINGTON (AP) — President-elect Donald Trump says his plan to replace the nation’s health care law will include “insurance for everybody.” Trump made the comment in an interview with the Washington Post published on Sunday. The president-elect says: “We’re going to have insurance for everybody. There was a philosophy in some circles that if you can’t pay for it, you don’t get it. That’s not going to happen with us.” Trump declined to reveal any details. Read more

Retail group launches training for entry-level job seekers

NEW YORK (AP) — Trying to stem high turnover in store jobs, nonprofit groups and chains such as Wal-Mart, Home Depot and the Home Shopping Network are launching a program to help people develop the skills to land entry-level jobs and advance in a retail career. As more people shop online, stores say they need workers who come in with more knowledge and can offer better service. The training and credential program, led by the nonprofit arm of the National Retail Federation trade group, includes sales and inventory basics, dealing with customers, how to use technology like kiosks and more. Read more

Trump: Brexit ‘a great thing,’ EU to continue to break apart

NEW YORK (AP) — Wading into foreign affairs days before his inauguration, President-elect Donald Trump said Britain’s decision to leave the European Union would “end up being a great thing” and predicted the bloc would continue to break apart. The incoming president, in an interview published Sunday, said European countries are reacting to an influx of immigrants that threaten each nation’s identity. “People, countries want their own identity and the UK wanted its own identity,” Trump said in an interview with London’s The Sunday Times and Bild, a German newspaper. Read more

Nowhere left to run away to: The final days of the circus

SARASOTA, Fla. (AP) — Goodbye to death-defying feats – daring young men (and women) on the flying trapeze, whip-wielding lion tamers, human cannonballs. Goodbye to the scent of peanuts and popcorn, the thrill of three rings, the jaunty bum-bum-dadadada of circus music. Send out the clowns. The Big Top is coming down – for good. On Saturday, officials of the company that owns the Ringling Bros. and Barnum & Bailey Circus announced that it will close in May, ending a 146-year run that dates back to a time before automobiles or airplanes or movies, when Ulysses S. Grant was president and minstrel shows were popular entertainment. Read more

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