$$$SEC chair says big fines key to attacking wrongdoing [Reuters]
$$$ To the denizens of South Williamsburg, the north is now a glitzy playground of glassy condos for banker types, chain stores and hordes of tourists from Berlin; Tokyo; Paramus, N.J.; and, worst of all, Manhattan. They’ve turned the area, especially around the Wythe Hotel, into Brooklyn’s answer to the meatpacking district... residents of the north are not above stereotyping, either. To them, the south can feel, well, a little too real: a backwater of vinyl siding, dusty bodegas, Gen-Y drifters and unrenovated dumps unfit for civilized company. [NYT]
$$$The Securities and Exchange Commission said it has uncovered an "extensive and egregious" Ponzi scheme run by a Las Vegas executive who raised more than $800 million from thousands of investors, mainly from Japan, over nearly 15 years.
$$$It’s Hang-the-Pig Time in U.S. Court [Bloomberg]
$$$She has been in at least three fitness programs. She runs on the treadmill. She swims in a lap pool. Her trainers shout encouragement. And although her target weight still eludes her, Lolita remains optimistic, smiling gamely during her workout and snacking on carrots. If only her legs weren't so short. Lolita is a 4-year-old dachshund, a breed that like the beagle and Labrador retriever is prone to putting on extra pounds. In her case, about eight pounds too many. [NYT]