“Rudolf Elmer has demonstrated that the ‘shadow banking system’ is not just about complex financial instruments that hide risk and the casino in which those instruments are traded. It is also about a dark corner of the banking system that hides personal and corporate wealth for a host of purposes, especially tax evasion.

As Elmer does his WikiLeaks dump in London, one issue for federal prosecutors to focus on is whether the banks and their officers filed suspicious activity reports, so-called ‘SARS’, as is required by the Bank Secrecy Act whenever an institution or its employees know or have reason to suspect illegal activity.”

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

New School Lunch Guidelines: Hold the Fries, Please

According to USDA Agriculture Secretary, Tom Vilsack, the school lunch program that serves more than 30 million children daily is likely to get healthier very soon. The USDA is proposing significant changes to improve the nutritional quality of the school meals that are served to America’s youth. While American youngsters consume up to half of their daily calories at school, unfortunately, approximately 1/3 of American children are obese or at risk for becoming obese.

In today’s USDA news conference, the Agriculture Secretary stressed that the new school lunch program will increase the availability of fruits, vegetables, whole grains, and fat-free and low-fat fluid milk in school meals. The implementation of these new guidelines would result in meals that contain less sodium and heart-unhealthy saturated fat, without exceeding the child’s daily calorie needs. A diet high in sodium and/or saturated fat can increase the risk of heart disease and stroke, which are leading causes of death among Americans. The availability of starchy vegetables, such as French fries, in the school lunch will be reduced over the course of the week.

The good news is that there isn’t any need to wait for the new and improved school lunch program to be implemented to start packing the kiddies in your life a healthier backpack lunch.

Here are my top Backpack Lunches ideas that healthy and kid-approved. These are easy to create and guaranteed to be a crowd pleaser!

“Goldman’s plan to take the creation of structured financial products out of the hands of traders and give that responsibility solely to investment bankers is a positive move. The next step for Goldman, in burnishing its tarnished reputation, should be to ensure that complex products it creates are understood by their creators, by Goldman’s directors and regulators, and by its customers.”

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu