In 2013, the amount of unearned income received by minor children that isn't subject to federal income taxes is $1,000, up from $950 in 2012. This is a key number for parents who set up custodial accounts for their children under their state's Uniform Gifts to Minors Act or Uniform Transfers to Minors Act.
The Student Government of RIT was told by representatives of the NFL that they could not hold a "Super Bowl Party." The reason for this objection to a seemingly innocuous student event was that the term "Super Bowl" was trademarked. Now RIT students are nothing if not creative, so they held a "Superb Owl" party instead.
The Takings Clause made national news last week with the spectacle of AIG playing Hamlet in debating whether "to sue, or not to sue" the federal government over the terms of the company's bailout -- a rather backhanded way of thanking American taxpayers for keeping the company from bankruptcy in 2008.