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Detroit preps to celebrate Hispanic heritage

Wayne State University\'s Center for Chicano-Boricua Studies (CBS) will offer a series of free events to commemorate Hispanic Heritage Month, such as Grito Celebration today that observes Mexican Independence Day. Also planned are several exhibits, such as \"Turning a Negative into a Positive: Photographic Tour of Southwest Detroit\" at the university\'s Faculty Administration Building. The exhibit will be on display through Oct. 16. \"We were really looking for things that would appeal to the broadest audience,\" CBS counselor Robert Buentello says. \"These events are open to anyone who is interested.\" Wayne State student Benjamin Sandoval was also interviewed. Buentello also was interviewed on WDET today about CBS's Hispanic Heritage Month events.
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Wayne State rakes in millions in new grant money

Wayne State has earned 32 grants, including 27 ($11.2 million) from the National Institutes of Health, four ($1.7 million) from the National Science Foundation and a $5 million grant from the Department of Energy for an electric vehicle engineering education and workforce training program. One of the biggest winners is Wayne State\'s College of Nursing, which recently took in a $2 million to help deal with the burgeoning nursing shortage as part of the Michigan Nursing Corps initiative.
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Bank of America ruling leaves SEC with few options for pursuit

U.S. District Judge Jed Rakoff in New York refused to accept a $33 million settlement that would have resolved the SEC's claim that the Bank of America deceived investors in November about bonuses to be paid executives at Merrill Lynch & Co., which the bank was buying. Rakoff said the accord appeared to be a "contrivance" between the SEC and Bank of America and wondered why bank executives or their lawyers weren't sued. "In a sense, the SEC has painted itself into a corner," said Peter Henning, a former SEC attorney who teaches law at Wayne State University.