NCAA source: “Unprecedented” penalties against Penn State  —  (CBS News) CBS News has learned that the NCAA will announce what a high-ranking association source called “unprecedented” penalties against both the Penn State University football team and the school.

Police looking for second “person of interest” in theater shooting  —  AURORA, Colo. — Sources tell FOX31 Denver reporter Justin Joseph that a second man is now a person-of-interest in the Aurora theater shooting investigation.  We are not disclosing his identity because he has not been charged.

Hickenlooper: Stricter gun laws would likely not have stopped killer  —  Colorado Gov. John Hickenlooper (D) said Sunday he doubted tougher gun control laws would have averted the movie-house killings in Aurora, Colo., speculating the attacker could have found various ways to perpetrate a massacre.

Rupert Murdoch Tweets Support for Gun Control  —  Conservative media baron Rupert Murdoch has Tweeted his support for gun control: … I guess this makes him a short-sighted, liberal, tree hugger.  —  Or are some things too important to remain in the septic tank of American political polemics?

You Didn't Build That  —  1 In the beginning Govt created the heavens and the earth.  2 Now the economy was formless and void, darkness was over the surface of the ATMs, and the Spirit of Govt was hovering over the land.  —  3 And Govt said, “Let there be spending,” and there was spending.

Obama's campaign attack on Romney was costly  —  President Obama's campaign spent $58 million in June, chiefly in TV advertising assailing his GOP rival's business record and personal finances.  Romney spent less, but raised more than Obama.  —  Casino mogul Sheldon Adelson and his wife …

McCain blasts Obama handling of Syria, warns of chemical weapons threat  —  Sen. John McCain (R-Ariz.) blasted the Obama administration Sunday for failing to do more to help rebel fighters in Syria.  —  McCain urged the president to move swiftly to provide U.S. arms and equipment to rebels.

McClatchy's Washington Bureau establishes no-alter quote policy  —  To our staff and to our readers:  —  As you are aware, reporters from The New York Times, Washington Post, Bloomberg and others are agreeing to give government sources the right to clear and alter quotes as a prerequisite to granting an interview.

Tax Justice Network: Wealth Held in Tax Havens Skyrockets  —  A new report estimates that the amount of wealth tucked away in offshore accounts is far larger than previously imagined.  —  While the report by the liberal Tax Justice Network focuses on the problem of unreported wealth …

Feinstein urges assault weapons ban renewal after Colo. shootings  —  “Weapons of war don't belong on the streets,” Feinstein said Sunday, while GOP Sen. Ron Johnson said more restrictions would “reduce America's freedom.”  —  Sen. Dianne Feinstein (D-Calif.) said Sunday that last week's shooting …

Senior Cleric: Tehran to Target Tel-Aviv in case of Israel's Folly  —  TEHRAN (FNA)- Head of the Policy-Making Council of Iran's Friday Prayers Leaders Hojjatoleslam Seyed Reza Taqavi warned the Zionist regime to stay away from any foolish act against Iran, stressing that Tehran will target Tel-Aviv …

Farewell, Alex, My Friend  —  Our friend and comrade Alexander Cockburn died last night in Germany, after a fierce two-year long battle against cancer.  His daughter Daisy was at his bedside.  —  Alex kept his illness a tightly guarded secret.  Only a handful of us knew how terribly sick he truly was.