A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
Thursday, October 17 2013 4:40 PM EDT2013-10-17 20:40:19 GMT
(RNN) - By passing a last-minute deal on the debt ceiling, and a 16 days-late deal on the government shutdown, Congress finally got back to doing its job. So, what now? Some people may see it as the timeMore >>
With a budget passed only until January, a debt ceiling deal through February and a bunch of days off for Congress until then, the country may be back in the same situation soon.More >>
Thursday, October 17 2013 5:27 AM EDT2013-10-17 09:27:22 GMT
A last-minute deal has been struck, allowing the federal government to avoid a shutdown. A shutdown would have suspended all federal government services deemed non-essential. All federally-funded museums,More >>
Congress has passed a bill to fund the government and lift the debt ceiling, avoiding default. More >>
Sunday, October 13 2013 6:52 PM EDT2013-10-13 22:52:24 GMT
WASHINGTON, DC (RNN) - Despite the WWII Memorial being closed, members of the Million Vet March have gathered in Washington, DC to protest the government shutdown – according to media reports. "We do notMore >>
Veterans gathered at the World War II Memorial in Washington, DC to protest the government shutdown.More >>
Saturday, October 12 2013 10:44 PM EDT2013-10-13 02:44:59 GMT
People nationwide have been unable to access welfare benefits through their EBT cards Saturday. Reports on the matter indicated the issue has no connection to the government shutdown.More >>
Xerox, which handles EBT systems in several states, said Saturday night the problem that prevented people from using their cards to shop has now been corrected. More >>
Paterno family statement
Sexual abuse is reprehensible, especially when it involves children, and no one starting with Joe Paterno condones or minimizes it. The horrific acts committed by Jerry Sandusky shock the conscience of every decent human being. How Sandusky was able to get away with his crimes for so long has yet to be fully understood, despite the claims and assertions of the Freeh report.
The release of the Freeh report has triggered an avalanche of vitriol, condemnation and posthumous punishment on Joe Paterno. The NCAA has now become the latest party to accept the report as the final word on the Sandusky scandal. The sanctions announced by the NCAA today defame the legacy and contributions of a great coach and educator without any input from our family or those who knew him best.
That the President, the Athletic Director and the Board of Trustees accepted this unprecedented action by the NCAA without requiring a full due process hearing before the Committee on Infractions is an abdication of their responsibilities and a breach of their fiduciary duties to the University and the 500,000 alumni. Punishing past, present and future students of the University because of Sandusky's crimes does not serve justice. This is not a fair or thoughtful action; it is a panicked response to the public's understandable revulsion at what Sandusky did.
The point of due process is to protect against this sort of reflexive action. Joe Paterno was never interviewed by the University or the Freeh Group. His counsel has not been able to interview key witnesses as they are represented by counsel related to ongoing litigation. We have had no access to the records reviewed by the Freeh group. The NCAA never contacted our family or our legal counsel. And the fact that several parties have pending trials that could produce evidence and testimony relevant to this matter has been totally discounted.
Unfortunately all of these facts have been ignored by the NCAA, the Freeh Group and the University.
Bill O'Brien, Penn State coach
Today we receive a very harsh penalty from the NCAA and as Head Coach of the Nittany Lions football program, I will do everything in my power to not only comply, but help guide the University forward to become a national leader in ethics, compliance and operational excellence. I knew when I accepted the position that there would be tough times ahead. But I am committed for the long term to Penn State and our student athletes. I was then and I remain convinced that our student athletes are the best in the country. I could not be more proud to lead this team and these courageous and humble young men into the upcoming 2012 season. Together we are committed to building a better athletic program and university.
I was then and I remain convinced that our student athletes are the best in the country. I could not be more proud to lead this team and these courageous and humble young men into the upcoming 2012 season. Together we are committed to building a better athletic program and university.
David Joyner, acting athletic director
The Freeh Report concluded that individuals at Penn State University entrusted to positions of authority, shunned their basic responsibility to protect children, and innocent children suffered as a result. Our hearts go out to the victims of this abuse and their families.
Today Penn State takes another step forward in changing the culture at the institution as we accept the penalties of the NCAA for the failure of leadership that occurred on our campus. We are deeply disappointed that some of our leaders could have turned a blind eye to such abuse, and agree that the culture at Penn State must change. As we move forward, today's student athletes have a challenging road ahead. But they will do the right thing, as they have always done. I am confident all of our head coaches will come together to make the change necessary to drive our university forward. Penn State will continue to fully support its established athletic programs, which provide opportunities for over 800 student athletes.
Working together, the path ahead will not be easy. But it is necessary, just, and will bring a better future. Our faculty, staff, students, athletes, and parents will work together as Penn State begins this new chapter. Though this cooperation and collaboration, Penn State will become a national model for compliance, ethics, and embodiment of the student athlete credo.
Rodney Erickson, Penn State president
The tragedy of child sexual abuse that occurred at our University altered the lives of innocent children. Today, as every day, our thoughts and prayers continue to be with the victims of Mr. Sandusky and all other victims of child abuse.
Against this backdrop, Penn State accepts the penalties and corrective actions announced today by the NCAA. With today's announcement and the action it requires of us, the University takes a significant step forward.
The NCAA ruling holds the University accountable for the failure of those in power to protect children and insists that all areas of the University community are held to the same high standards of honesty and integrity.
The NCAA also mandates that Penn State become a national leader to help victims of child sexual assault and to promote awareness across our nation. Specifically, the University will pay $12 million a year for the next five years into a special endowment created to fund programs for the detection, prevention and treatment of child abuse. This total of $60 million can never reduce the pain suffered by victims, but will help provide them hope and healing.
The NCAA penalty will also affect the football program. There is a four-year ban on all post-season games, including bowl games and the Big Ten Championship game, and a future reduction in the number of football scholarships that can be granted. We are grateful that the current student athletes are not prevented from participation because of the failures of leadership that occurred. Additionally the NCAA has vacated all wins of Penn State football from 1998-2011.
We also welcome the Athletics Integrity Agreement and the third-party monitor, who will be drilling into compliance and culture issues in intercollegiate athletics, in conjunction with the recommendations of the Freeh Report. Lastly a probationary period of five years will be imposed.
It is important to know we are entering a new chapter at Penn State and making necessary changes. We must create a culture in which people are not afraid to speak up, management is not compartmentalized, all are expected to demonstrate the highest ethical standards, and the operating philosophy is open, collegial, and collaborative.
Since receiving Judge Freeh's preliminary recommendations in January, the University has instituted several reforms. Today we accept the terms of the consent decree imposed by the NCAA. As Penn State embarks upon change and progress, this announcement helps to further define our course. It is with this compass that we will strive for a better tomorrow.
Penn State will move forward with a renewed sense of commitment to excellence and integrity in all aspects of our University. We continue to recognize the important role that intercollegiate athletics provides for our student athletes and the wider University community as we strive to appropriately balance academic and athletic accomplishments. Penn State will continue to be a world-class educational institution of which our students, faculty, staff and alumni can be justifiably proud.
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