| By Derek Caney (@stax920)
Having trouble with your finals? Get a ringer to take them for you. That's what 30 Chinese students at University of Iowa did, revealing a thriving underground economy of cheating services aimed at students applying to and attending foreign colleges.
The selection of a hard-line cleric as the new Taliban chief in Afghanistan all but dashes President Obama's hopes for peace talks before he leaves office. Instead, Mullah Haybattulah Akhundzada, a conservative Islamic scholar from the group's stronghold in southern Afghanistan, is likely to pursue aggressive attacks throughout the summer. And that complicates U.S. military plans to pull out of the country.
New York State's financial regulator is preparing to expand its probe into online lenders beyond its investigations of LendingClub, and decide whether such firms should be licensed in the state. The New York Department of Financial Services is looking into LendingClub's interest rates, underwriting standards and how the company verifies borrower information.
Around the country - Hillary Clinton violated State Department policy by using a private email server without approval for her work as secretary of state, according to the department's inspector general. The report contradicted Clinton's repeated assertion that her server was allowed and that no permission was needed. Several other inquiries continue, including a U.S. Justice Department investigation into whether the arrangement broke laws.
Digits of the day: 11 Eleven states sued the Obama administration to overturn a directive telling schools to let transgender students use bathrooms matching their gender identity, decrying the policy as "a massive social experiment." The debate revolves around interpretation of Title IX of the Education Amendments of 1972, which prohibits discrimination on the basis of sex in federally funded education programs and activities. The administration's interpretation is that the word "sex" extends protection to transgender people, but the issue has not been settled in the courts. Quote of the day: "It's about parents who are upset, grandparents who are upset. They want to see that the safety of their children is taken care of." – Texas Attorney General Ken Paxton - Donald Trump fired his national political director, Rick Wiley, after six weeks on the job over his handling of a fundraising deal with the Republican National Committee. Wiley was one of the strategists brought on to make Trump more palatable to the GOP establishment. But he evidently didn't share his toys well enough with campaign manager Corey Lewandowski.
Risky passage 
Migrants are seen on a capsizing boat before a rescue operation by Italian navy off the coast of Libya, May 25, 2016. Marina Militare/Handout
Around the world - Brazilian investigators expanded their probe into possible corruption around the Olympic Games to include all the venues and services financed with federal funds. Previously the investigation focused on modernization projection not directly tied to the games. Now, the probe includes Olympic Park and the Deodoro area where Olympic venues are located.
- The bulldozing of a refugee camps in Calais, France hasn't stemmed the tide of immigration. In fact, hundreds more migrants have made their way to Calais despite extra port security aimed at stopping them from reaching Britain.
- China is miffed because Vietnam got its U.S. arms embargo lifted and China didn't.
Around Wall Street - Japan's Prime Minister Shinzo Abe made a pointed comparison to the great recession of 2008, noting that global commodities prices fell 55 percent from June 2014 to January 2016, the same margin as from July 2008 to February 2009, after the collapse of Lehman Brothers. The global economy is more complicated than that, but Abe's remarks at the G7 summit underscore concerns about world growth.
- Cyber thieves who stole $12 million from an Ecuadorian bank in 2015 routed the funds through 23 companies registered in Hong Kong, some of them with no clear business activity. The thieves allegedly used the SWIFT global messaging system to move the funds. SWIFT, a conduit for bank money transfers worldwide, also was the network used to move $81 million out of Bangladesh's central bank in February.
- Corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450 percent under the U.S. Commerce Department's latest clampdown on a glut of steel imports.
Today's reason to live: The Impressions – You've Been Cheating |
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