Federal and state authorities have received criticism after deciding not to indict HSBC on accusations that it laundered money for Mexican drug cartels and conducted prohibited transactions on behalf of countries like Iran and Sudan. Instead, they entered into a $1.9 billion settlement this week with the bank.
There's no question that HSBC is a massive, sprawling operation. It markets itself as the world's local bank. But watchdogs of the banking industry say mere size should never insulate an organization from the law.
This picture received from North Korea's official Korean Central News Agency on Wednesday shows an orbit image of the satellite Kwangmyongsong-3, being monitored on a large screen at a satellite control center in Cholsan county, North Pyongan province in North Korea.
Originally published on Thu December 13, 2012 3:51 pm
Sputnik 1 just beeped. China's first satellite, launched more than a decade later, simply radioed a communist anthem back to Earth. So far, North Korea's first satellite appears to be less accomplished.
And that shouldn't be a surprise.
Given the history of first orbital space shots, North Korea's apparent struggle with its mission is fairly typical, says David Akin, an associate professor of aerospace engineering at the University of Maryland.