It has now been five years after the financial collapse and unfortunately very little has changed.

Some of Wall Street's biggest financial firms, including JPMorgan Chase & Co and Bank of America have been placed on notice that the federal government is pursuing new prosecutions of possible abuses in the mortgage-backed securities industry.

Golden Gate YC (GGYC) holds the America's Cup as trustee, and defends the trophy against the challenger selected in the Louis Vuitton Cup Regatta. GGYC will be represented by Oracle Team USA.

http://www.americascup.com

The actual Challenger that races GGYC will be selected in the Louis Vuitton Cup regatta, which serves as the challenger selection process for the prospective teams. Read more about the 2013 America's Cup Teams

This Week in History, September 15 - September 21

Sep 15, 1978
Hispanic Heritage Month. Each year, Americans observe National Hispanic Heritage Month from September 15 to October 15, by celebrating the histories, cultures and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean and Central and South America. The observation started in 1968 as Hispanic Heritage Week under President Lyndon Johnson and was expanded by President Ronald Reagan in 1988 to cover a 30-day period starting on September 15 and ending on October 15. It was enacted into law on August 17, 1988, on the approval of Public Law 100-402. This day - September 15 is significant because it is the anniversary of independence for Latin American countries Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In addition, Mexico and Chile celebrate their independence days on September 16 and September18, respectively. Also, Columbus Day or Día de la Raza, which is October 12, falls within this 30 day period.

Sep 16, 1932
Gandhi begins fast in protest of caste separation. On this day in 1932, in his cell at Yerovda Jail near Bombay, Mohandas Karamchand Gandhi begins a hunger strike in protest of the British government's decision to separate India's electoral system by caste. A leader in the Indian campaign for home rule, Gandhi worked all his life to spread his own brand of passive resistance across India and the world. By 1920, his concept of Satyagraha (or "insistence upon truth") had made Gandhi an enormously influential figure for millions of followers. Jailed by the British government from 1922-24, he withdrew from political action for a time during the 1920s but in 1930 returned with a new civil disobedience campaign. This landed Gandhi in prison again, but only briefly, as the British made concessions to his demands and invited him to represent the Indian National Congress Party at a round-table conference in London.

USA Hispanic population, while still anchored in its traditional settlement areas, continues to spread out, according to a Pew Research Center analysis of U.S. Census Bureau data.

Latinos have plenty to celebrate about during this year's Hispanic Heritage Month 9/15-10/15.

The 100 largest counties by Hispanic population contain 71% of all Hispanics. Los Angeles County, CA alone contains 4.9 million Hispanics, or 9% of the nation’s Hispanic population. But the share of all Hispanics who live in these same counties has fallen from 75% in 2000 and 78% in 1990 (Fry, 2008), reflecting Hispanic population growth outside of these 100 counties.

Half (52%) of those counties are in three states—California, Texas and Florida. Along with Arizona, New Mexico, New York, New Jersey and Illinois, these eight states contain three-quarters (74%) of the nation’s Latino population. But with the dispersal of the U.S. Latino population across the country, this share too is down from 79% in 2000 and 84% in 1990.

The geographic settlement patterns are to some degree aligned with the diverse countries of origin of the Hispanic population. For example, Mexican origin Hispanics are the dominant group in the Los Angeles-Long Beach metropolitan area, making up 78% of the area’s Hispanics. They are also the dominant group in many metropolitan areas in the border states of Arizona, California, New Mexico and Texas. But along the East Coast the composition of Hispanic origin groups differs. In the New York-New Jersey metropolitan area, Puerto Ricans and Dominicans are the dominant Hispanic origin groups. In Miami-Hialeah, FL, Cubans are the dominant Hispanic group and in the Washington, D.C. metropolitan areas, Salvadorans are the largest Hispanic origin group among that area’s Hispanics. Nationally, Mexicans are the largest Hispanic origin group, making up 64.6% of all Hispanics.

Although it was the last of the 62 counties of New York State to be incorporated, The Bronx is rising once again.

The Bronx has an interesting history that can be divided into four periods: a boom period during 1900–29, with a population growth by a factor of six from 200,000 in 1900 to 1.3 million in 1930. The Great Depression and post World War II years saw a slowing of growth leading into an eventual decline. The mid to late century were hard times, as the Bronx declined 1950-85 from a predominantly moderate-income to a predominantly lower-income area with high rates of violent crime and poverty. The Bronx has experienced an economic and developmental resurgence starting in the late 1980s, which can be heard, seen and felt today.

The Bronx Music Heritage Center (BMHC) Laboratory’s Fall/Winter Performance Series curated by City Lore Folklorist Elena Martínez and Grammy-nominated musician Bobby Sanabria.

The recently opened BMHC Laboratory in Crotona East is a 1,400 square foot performance, gallery, and retail space where Bronx artists can innovate and showcase their work, even before the permanent home to the BMHC opens in 2015. The Lab is a music incubator that hosts artists-in-residence, concerts, open mics, film screenings, galleries, arts retail, wellness events and roundtable discussions for musicians, artisans, and the community to enjoy. It is run by WHEDco (Women’s Housing and Economic Development Corporation).