US
States
Maryland capital:
Annapolis
US
Capitals
MD:
Maryland
State
Abbr.
Maryland state is bordered
by the states of Delaware (east), Virginia and West Virginia (south, west),
and Pennsylvania (north). Maryland is also bordered by the District of
Columbia (south).
Maryland state also borders the Atlantic Ocean (east).
MD News
|
MARYLAND News:
20090209
Michael
Steele - Political
- Money
- Federal
- Law
- Maryland
- 2006
Election
"RNC
[Republican] chief Michael Steele says he'll cooperate with FBI:
enying allegations of impropriety in his 2006 campaign spending, Steele
says he will voluntarily hand over papers to the FBI [Federal Bureau of
Investigation], which had contacted his sister over payments her company
received." ... "Reporting from Washington -- Republican National Committee
Chairman Michael S. Steele said Sunday that he would provide records from
his 2006 [election, Maryland, United States] U.S. Senate campaign to the
FBI in an effort to speed an apparent investigation into allegations of
improper campaign spending." ... "Steele confirmed that his sister was
recently contacted by FBI agents looking into allegations that his campaign
paid a company she owned more than $37,000 in 2007 for campaign work that
was never performed. The allegations were made by Steele's former campaign
finance chairman in an attempt to gain a more lenient prison sentence after
he was convicted of fraud in an unrelated case." ... "Alan B. Fabian, who
had been finance chairman of Steele's Senate campaign in Maryland, made
the allegations in March in an effort to get a reduced sentence for his
part in a $40-million fraud scheme." -By Paul West
-LAtimes
Pete
Sessions - Michael
Steele - Terrorism
- Radio
- Government
- Economic
- Legislation
- Job
- Tex
- Ga
- Maryland
- 2006
Election
"Republicans
See Long-Term Victory in Defeat on Stimulus Plan."
... "GOP [GOP=Grand Old Party=Republican] Sees Positives In Negative Stand:
Leaders Seize On Spending Issue." ... "After giving the package zero [Republican]
votes in the House, and 0 with their [Republican] counterparts in the Senate
likely to provide in a crucial procedural vote today only the handful of
votes needed to avoid a filibuster, Republicans are relishing the opportunity
to make a big statement. [Texas Republican Representative] Rep. Pete Sessions
(R-Tex. [Representative-Texas]) suggested last week that the party is learning
from the disruptive tactics of the Taliban, and the GOP these days does
have the bravado of an insurgent band that has pulled together after a
big defeat to carry off a quick, if not particularly damaging, raid on
the powers that be." ... "And it means rallying to Rush Limbaugh, who has
put himself forward as a de facto party leader, penning an op-ed article
in the Wall Street Journal and accepting the on-air apologies of [Georgia
Republican Representative] Rep. Phil Gingrey (R-Ga. [Republican-Georgia]),
who criticized the radio host and paid for it in a deluge of angry calls."
... "[Republican National Committee chairman Michael S. Steele congratulated
congressional Republicans in some of his first remarks as Republican chairman,]
"The goose egg that you laid on the president's desk was just beautiful,"
he told them. "You and I know that in the history of mankind and womankind,
government -- federal, state or local -- has never created one job. It's
destroyed a lot of them."" ... "Steele is also facing a distraction --
a federal inquiry into allegations that his 2006 [election Maryland] Senate
campaign paid a defunct company run by his sister for services that were
never performed. The campaign's finance chairman made the allegations to
federal prosecutors last year as he sought leniency during plea negotiations
on unrelated fraud charges." -By Alec MacGillis and
Perry Bacon Jr. -WashingtonPost
20090207
Michael
Steele - Money
- Politics
- Federal
- Investigation
- 2006
Election - Maryland
"Steele's
Campaign Spending Questioned: Agents Contact Sister
After Ex-Aide's Claims." ... "Michael S. Steele, the newly elected chairman
of the Republican National Committee, arranged for his 2006 Senate campaign
to pay a defunct company run by his sister for services that were never
performed, his finance chairman from that campaign has told federal prosecutors."
... "Federal agents in recent days contacted Steele's sister, a spokesman
for Steele said yesterday." ... "The claim about the payment, one of several
allegations by Alan B. Fabian, is outlined in a confidential court document.
Fabian offered the information last March as he was seeking leniency for
himself during plea negotiations on unrelated fraud charges." ... "Fabian's
claims emerge as Steele begins his new role at the RNC [Republican National
Committee], where he oversees the raising and spending of hundreds of millions
of dollars in party money. The former Maryland lieutenant governor has
faced questions about his handling of campaign money in prior elections
and was twice fined for missing filing deadlines." ... "The recent allegations
outlined four specific transactions. In addition to the payment to Steele's
sister, Fabian said that the candidate used money from his state campaign
improperly; that Steele paid $75,000 from the state campaign to a law firm
for work that was never performed; and that he or an aide transferred more
than $500,000 in campaign cash from one bank to another without authorization."
... "In one of his allegations, Fabian points to a February 2007 payment
by Steele's Senate campaign of more than $37,000 to Brown Sugar Unlimited,
the company run by Steele's sister, Monica Turner. Campaign finance records
list the expense as having been for "catering/web services." Turner filed
papers to dissolve the company 11 months before the payment was received."
(1, 2,
3)
-By Henri E. Cauvin with contributions by Aaron C.
Davis, Matthew Mosk, Katherine Shaver, John Wagner and Meg Smith
-WashingtonPost
20081221
Working
- People
- Economics
- Education
- Safety
- Enforcement
- Politics
- Maryland
"Squeezed
on All Sides, Parents Forgo Day Care: Education,
Safety Sacrificed in Fiscal Crunch." ... "In the [Maryland's] Prince George's
County community of Riverdale Park, town officials have noted a distressing
sign of the national economic downturn: more children left home alone to
fend for themselves by working parents too strapped to afford child care."
... "The problem was discovered by code enforcement officers who inspect
apartments in the town of 7,000. They used to come across such cases once
every couple of years. Then, six months ago, they found one child left
alone, followed by another and another." ... "In one instance, a kindergarten-age
girl was found hiding in a closet, apparently because she was scared, code
enforcement officers said. In another, children aged 10 or 12 were missing
school to watch their younger siblings." ... "Riverdale's experience comes
amid an increasing economic strain in child care across the Washington
[Washington DC, United States capital] region. In an area known for day-care
waiting lists, many operators report a rise in vacancies as parents withdraw
their children or cut back on hours because they can no longer afford the
cost." ... "The phenomenon is not universal, but it has struck in many
middle- and working-class areas as lost jobs, reduced work schedules and
foreclosed homes affect families with few reserves." (1, 2,
3)
-By Donna St. George -WashingtonPost
20081209
AIG
- Employees
- Politics
- Federal
- Lawmakers
- Maryland
- New
York
"AIG
Says More Managers Get Retention Payouts Topping $4 Million."
... "American
International Group Inc. [Incorporated], the insurer whose bonuses
and perks are under fire from U.S. [United States] lawmakers, offered cash
awards to another 38 executives in a retention program with payments of
as much as $4 million." ... "The incentives range from $92,500 to $4 million
for employees earning salaries between $160,000 and $1 million, Chief Executive
Officer Edward Liddy said in a letter dated [2008 December] Dec. 5 to [Maryland
Democratic] Representative Elijah Cummings. The New York-based insurer
had previously disclosed that 130 managers would get the awards and that
one executive would get $3 million." ... "“I remain concerned, as do many
American taxpayers, that these retention payments are simply bonuses by
another name,” Cummings said in letter responding to Liddy." ... "AIG [American
International Group], which received a U.S. rescue package of more than
$152 billion, has been criticized for saying it will eliminate bonuses
for senior executives while still planning to hand out “cash awards” that
double or triple the salaries of some managers." ... "AIG’s managers have
overseen a record $37.6 billion in net losses so far this year." -By
Hugh Son -Bloomberg
20080910
Gordon
Smith - Illegal
- Immigration
- Business
- Food
- Workers
- Politics
- Agriculture
- Property
- History
- Oregon
- Md
- Hawaii
- Utah
- Wash
"Señor
Smith: Low-wage Latino workers keep [Oregon Republican
Senator] Sen. Gordon Smith’s family business humming. Not all of them are
legal." ... "Up on a hill overlooking this Eastern Oregon town of 701 people,
Smith Frozen Foods turns raw produce from the surrounding fields into ready-to-eat
products." ... "Smith’s goods appear in grocery stores under other brand
names. But in tiny Weston [Oregon], a water tank emblazoned with the capital
letters S-M-I-T-H sits like a sentry greeting travelers on nearby Highway
11." ... "Gordon Smith, a United States senator from Oregon and the only
Republican senator representing a West Coast state, has owned the plant
his grandfather founded in 1919 for nearly 30 years." ... "“Son,” father
Milan Smith once said, according to Gordon Smith’s 2006 memoir, “you can
sell ice to Eskimos and coals to Newcastle.”" ... "Today, Smith Frozen
Foods generates millions in income for the senator, according to Smith’s
2007 financial disclosure report." ... "And in this town, Smith’s wealth
looms large, even though the 56-year-old lawmaker seldom visits and calls
nearby Pendleton [Oregon] his home. According to the Center for Responsive
Politics, Smith is the 12th-richest member of the U.S. [United States]
Senate, with an estimated net worth between $8 million and $39 million—wealth
that’s allowed him to buy a $3.5 million mansion in Bethesda, Md. [Maryland],
property on the Hawaiian island of Kauai, a Park City, Utah, condominium
and—more famously—four antique golf clubs worth $1.25 million." ... "The
workers at Smith Frozen Foods, who clean the machinery, monitor production
and pack upward of 50 million pounds of produce each year, earn about $80
a day, four or five days a week, 10 months a year—if they’re lucky." ...
"One other thing—some of them appear to be illegal immigrants." ... "WW
recently spent several days in Weston, and the nearby cities of Milton-Freewater
[Oregon] and Walla Walla, Wash. [Washington], where most of Smith’s employees
live. WW spoke to dozens of current and former Smith workers, Latino advocates,
court personnel, public defenders, educators, police administrators, church
officials, social service agents and business owners and determined that
some portion of Smith’s workforce comprises undocumented immigrants." ...
"It’s a revelation that may not be newsworthy around Weston, where most
people this reporter interviewed knew, or assumed, that the agricultural
processing plant hired illegal immigrants." ... "Additional interviews
and review of public records reveal that Smith’s company appears to have
employed illegal immigrants for decades, stretching back as far as the
1980s." -By Beth
Slovic -WWeek.com
20080616
Kevin
Jeffrey Martin - Corporate
- Government
- Politics
- Satellite
- Spectrum
- History
- Communications
- Media
- Minorities
- Women
- Lawmakers
- Md
"Radio
Merger Under Fire From Black Lawmakers: Caucus, FCC
[Federal Communications Commission] Chair Differ On Setting Aside XM, Sirius
Channels for Minorities." ... "Senior members of the Congressional Black
Caucus yesterday criticized a compromise plan for the proposed merger of
the XM and Sirius satellite radio companies, saying the deal does not provide
enough opportunities for minority-owned programming." ... "[Republican
President Bush's] Federal Communications Commission Chairman Kevin J. Martin
said over the weekend that he would support the merger after XM Satellite
Radio Holdings and Sirius Satellite Radio voluntarily agreed, among a series
of other concessions, to lease 4 percent of their radio spectrums, or 12
channels, for programming run by minorities and women." ... "Members of
the black caucus on Capitol Hill have been arguing for the merged company
to lease five times that amount of spectrum to companies owned by racial
minorities." ... "[Maryland Democratic Representative Elijah E. Cummings:]
"It's shocking to the conscience in this day and age, where the minority
populations comprise a significant part of the satellite radio audience,
that Mr. Martin would settle for what I deem to be crumbs that have fallen
off the table," Cummings said." ... "If the merger is approved, it would
be a major reversal of FCC rules. The agency distributed licenses to XM
and Sirius in 1997 on the condition the two companies never combine." -By
Jeffrey H. Birnbaum -WashingtonPost
20080607
Money
- Accounting
- Politics
- Investigation
- Maryland
- Home
- Construction
"Former
NRCC [Republican] Treasurer Embezzled $500,000, Court Papers Say."
... "The former treasurer of a key Republican campaign committee embezzled
more than $500,000 over a five-year period, using it to fund mortgage payments
and a six-figure remodeling of his Bethesda [Maryland] home, according
to court documents filed yesterday." ... "The papers were filed by federal
prosecutors in an attempt to force the former treasurer, Christopher J.
Ward, to forfeit his home to the government." ... "The government alleges
that Ward, who had worked for National Republican Congressional Committee
(NRCC) since the 1990s, made numerous unauthorized diversions of funds
from its accounts and joint accounts set up with Senate Republicans. He
often shifted money into his personal account just as payments for his
mortgage or home remodeling were due, according to the court filing." ...
"Ward, who was fired earlier this year, has not been charged with a crime,
but the civil action filed yesterday seeks to seize his home in the 6300
block of Massachusetts Avenue. Such efforts prevent subjects of investigations
from selling properties that were allegedly part of their crimes and hiding
the proceeds." -By Paul Kane and Del Quentin Wilber
-WashingtonPost
20080505
-
Mental
- Health
- PTSD
- Science
- Maryland
- US
- Iraq
- Afghanistan
- Veterans
- Government
- Financial
- Politics
- "Post-War
Suicides May Exceed Combat Deaths, U.S. Says (Update1)."
... "The number of suicides among veterans of wars in Iraq and Afghanistan
may exceed the combat death toll because of inadequate mental health care,
the U.S. [United States] government's top psychiatric researcher said."
... "Community mental health centers, hobbled by financial limits, haven't
provided enough scientifically sound care, especially in rural areas, said
Thomas Insel, director of the National Institute of Mental Health in Bethesda,
Maryland. He briefed reporters today at the American Psychiatric Association's
annual meeting in Washington." ... "Insel echoed a Rand Corporation study
published last month that found about 20 percent of returning U.S. soldiers
have post-traumatic stress disorder or depression, and only half of them
receive treatment. About 1.6 million U.S. troops have fought in the two
wars since October 2001, the report said. About 4,560 soldiers had died
in the conflicts as of today, the Defense Department reported on its Web
site." ... "Based on those figures and established suicide rates for similar
patients who commonly develop substance abuse and other complications of
post-traumatic stress disorder, ``it's quite possible that the suicides
and psychiatric mortality of this war could trump the combat deaths,''
Insel said. " -By Avram Goldstein
-Bloomberg
20080429
-
Barack
Obama - Hillary
Clinton - Media
- Politics
- Religion
- 2008
Election - Maryland
- "Is
Jeremiah Wright a colossal disaster for Barack Obama or a press trick?"
... "The [Reverend] Rev. Jeremiah Wright couldn't have done more damage
to Barack Obama's campaign if he had tried. And you have to wonder if that's
just what one friend of Wright wanted." ... "Shortly before he rose to
deliver his rambling, angry, sarcastic remarks at the National Press Club
Monday, Wright sat next to, and chatted with, Barbara Reynolds." ... "It
also turns out that Reynolds - introduced Monday as a member of the National
Press Club "who organized" the event - is an enthusiastic Hillary Clinton
supporter." ... "On a blog linked to her Web site- www.reynoldsnews.com-
Reynolds said in a February post: "My vote for Hillary in the Maryland
primary was my way of saying thank you" to Clinton and her husband for
the successes of Bill Clinton's presidency." ... "Wright has, unquestionably,
been caricatured and vilified unfairly. The feeding programs, prison outreach
and other social services he has built over more than 30 years are commendable,
and his reading of the Judeo-Christian tradition as an epic story of people
trying to escape slavery is far more right than wrong - and not something
to be caricatured or compressed into a 10-second sound bite." ... "But
Wright should have known - and his friend and ally Reynolds, a media professional,
surely knew - that bickering with the press can only harm Wright and, by
extension, Obama. " -By Errol Louis -NYDailyNews.com
20080403
-
Medical
- Database
- Abortion
- Science
- Literature
- Family
- Education
- Government
- Search
Engine - Funding
- Maryland
- US
- International
- Politics
- "U.S.
Funded Health Search Engine Blocks 'Abortion'." ...
"A U.S. [United States] government-funded medical information site that
bills itself as the world's largest database on reproductive health has
quietly begun to block searches on the word "abortion," concealing nearly
25,000 search results." ... "Called Popline,
the search site is run by the Johns Hopkins Bloomberg School of Public
Health in Maryland. It's funded by the U.S. Agency for International Development,
or USAID, the federal office in charge of providing foreign aid, including
health care funding, to developing nations." ... "The massive database
indexes a broad range of reproductive health literature, including titles
like "Previous abortion and the risk of low birth weight and preterm births,"
and "Abortion in the United States: Incidence and access to services, 2005.""
... "But on Thursday, a search on "abortion" was producing only the message
"No records found by latest query."" ... "Stephen Goldstein, a spokesman
for Johns Hopkins, said he wasn't aware of the censorship, and couldn't
immediately comment. " -By Sarah Lai Stirland
-Wired
20080311
-
John
McCain
- Torture
- Politics
- Military
- Intelligence
- Prisoners
- Human
Rights - Maryland
- Arizona
- US
- International
- 2008
Election - "Republicans
uphold Bush veto of anti-torture bill." ... "[Republican]
President George W. Bush's fellow Republicans in Congress on Tuesday upheld
his veto of a bill to ban the CIA [Central Intelligence Agency] from subjecting
enemy detainees to interrogation methods denounced by critics as torture."
... "Waterboarding has been condemned by many U.S. lawmakers, human rights
groups and foreign countries as a form of torture." ... "House Majority
Leader Steny Hoyer, a Maryland Democrat, said Bush's veto had degraded
the country's moral standing, undermined its international credibility
and could expose U.S. military and intelligence personnel to the treatment."
... "[2008 Election Republican Presidential Candidate and Arizona Senator]
Sen. John McCain, an Arizona Republican who was tortured while a prisoner
in the Vietnam war and is now his party's presumptive presidential nominee,
opposed the bill [that would have outlawed torture]." (1, 2)
-By Thomas Ferraro with contributions by Jeremy Pelofsky
and Alan Elsner -Reuters
20080222
-
John
McCain
- Money
- Politics
- Federal
- Enforcement
- 2008
Election - Maryland
- "FEC
Warns McCain on Campaign Spending." ... "[Republican
Federal Election Commission Chairman David] Mason notified [2008 Election
Republican Presidential Candidate John] McCain that the commission had
not granted his Feb. [February] 6 request to withdraw from the presidential
public financing system." ... "By signing up for matching money, McCain
agreed to adhere to strict state-by-state spending limits and an overall
limit on spending of $54 million for the primary season, which lasts until
the party's nominating convention in September. The general election has
a separate public financing arrangement." ... "But after McCain won a series
of early contests and the campaign found its financial footing, his lawyer
wrote to the FEC [Federal Election Commission] requesting to back out of
the program -- which is permitted for candidates who have not yet received
any federal money and who have not used the promise of federal funding
as collateral for borrowing money." ... "Mason's letter raises two issues
as the basis for his position. One is that the six-member commission lacks
a quorum, with four vacancies because of a Senate deadlock over [Republican]
President Bush's nominees for the seats. Mason said the FEC would need
to vote on McCain's request to leave the system, which is not possible
without a quorum. Until that can happen, the candidate will have to remain
within the system, he said." ... "The second issue is more complicated.
It involves a $1 million loan McCain obtained from a Bethesda [Maryland]
bank in January. The bank was worried about his ability to repay the loan
if he exited the federal financing program and started to lose in the primary
race. McCain promised the bank that, if that happened, he would reapply
for matching money and offer those as collateral for the loan. While McCain's
aides have argued that the campaign was careful to make sure that they
technically complied with the rules, Mason indicated that the question
needs further FEC review." ... "If the FEC refuses McCain's request to
leave the system, his campaign could be bound by a potentially debilitating
spending limit until he formally accepts his party's nomination. His campaign
has already spent $49 million, federal reports show. Knowingly violating
the spending limit is a criminal offense that could put McCain at risk
of stiff fines and up to five years in prison." (1, 2)
-By Matthew Mosk and Glenn Kessler with contributions
by Michael D. Shear -WashingtonPost
20080216
-
John
McCain
- Federal
- Law
- Politics
- Maryland
- New
Hampshire - 2008
Election - "McCain
Got Loan by Pledging to Seek Federal Funds." ...
"[2008 Election Republican Presidential Candidate] John McCain's cash-strapped
campaign borrowed $1 million from a Bethesda [Maryland] bank two weeks
before the New Hampshire primary by pledging to enter the public financing
system if his bid for the presidency faltered, newly disclosed records
show." ... "McCain had already taken a $3 million bank loan in November
to keep his campaign afloat, and he sought from the same bank $1 million
more shortly before this month's Super Tuesday contests, this time pledging
incoming but unprocessed contributions as collateral." ... "The unorthodox
lending terms also raised fresh questions from McCain's critics about his
ability to repeatedly draw money from the Maryland-based Fidelity &
Trust Bank. Campaign finance lawyers speculated whether McCain may have
inadvertently committed himself to entering the public financing system
for the remainder of the primary season by holding out the prospect of
taking public matching funds in exchange for the $1 million loan in December."
... "Cleta Mitchell, a veteran campaign finance lawyer and a McCain critic,
said she has never encountered a similar agreement." ... ""They've clearly
got a sweetheart deal with this bank," Mitchell said. "This bank is just
a cash register for them."" (1, 2)
-By Matthew Mosk with contributions by Perry Bacon
Jr. -WashingtonPost
20080213
-
Maryland
- Labor
- Environmental
- Corporate
- 2008
Election - "Md.
Challenger Edwards Wins Stunning Victory Over Long-Time Incumbent Wynn."
... "U.S. [United States Democratic Representative of Maryland] Rep. Albert
R. Wynn (D) conceded a short time ago after losing to Prince George's County
lawyer Donna F. Edwards." ... "Wynn, who had served in the 4th District
for eight terms, had been targeted by an aggressive advertisement campaign,
funded in part with hundreds of thousands of dollars from national labor
groups and liberal organizations. The effort apparently convinced voters
that Wynn had fallen out of step with his overwhelmingly Democratic district
during his 15 years in Congress." ... "Wynn angered progressives nationally
by crossing party lines on several key votes and by accepting hundreds
of thousands of dollars in corporate donations, including thousands in
the closing days before the election." ... "When Edwards, the director
of a well-known foundation that hands out grants to progressive causes,
came within 3.3 percentage points of beating Wynn in 2006, national activists
saw the race as an opportunity to send a message that they would hold wayward
Democrats accountable." ... "Supported by environmental groups and two
large unions, Edwards pledged to accept no contributions from corporate
political action committees and said her experience raising her son as
a single mother made her better able to understand the struggles of county
voters than Wynn." (1, 2,
3)
-By Rosalind S. Helderman and William Wan wtih contributions
by Nelson Hernandez -WashingtonPost
20080129
-
Jack
Abramoff
- Randy
Cunningham
- Money
- Government
- Lawmakers
- History
- 2006
Election - California
- Maryland
- "Question
of Timing on Bush’s Push on Earmarks." ... "[Republican]
President Bush has never shown much distaste for Congressional pork." ...
"In the last seven years he has signed spending bills containing about
55,000 earmarks worth more than $100 billion for projects like a new lane
for a local road, a new facade for a town landmark or a weapons contract
for a company that happened to be a big donor to an influential lawmaker."
... "Such projects tucked into the endnotes of complex spending bills at
the request of individual lawmakers with almost no oversight have contributed
to a mounting pileup of waste and corruption, including sending the [Republican]
lobbyist Jack Abramoff and the former [California Republican] congressman
Randy Cunningham, a California Republican, to jail." ... "Mr. Bush was
notably silent on the subject until after his fellow Republicans lost control
of Congress in the 2006 midterm elections." ... "“When the president and
the Republican Congress had the power to address this, they did nothing,”
[Maryland Democratic Representative Chris] Mr. Van Hollen said." -By
David
D. Kirkpatrick -NYTimes
20080108
-
Money
- Discrimination
- Crime
- Maryland
- Homeowners
- Consumers
- Ohio
- New
York
- "Baltimore
Is Suing Bank Over Foreclosure Crisis." ... "Baltimore’s
[Maryland state] mayor and City Council are suing Wells Fargo Bank, contending
that its lending practices discriminated against black borrowers and led
to a wave of foreclosures that has reduced city tax revenues and increased
its costs." ... "The recent surge in homeowner defaults nationwide, generated
by lax lending practices during the real estate boom, has officials bracing
for a range of problems that often accompany foreclosures. Some municipalities,
including Cleveland [Ohio] and Buffalo [New York], are trying to make lenders
responsible for abandoned properties to ward off crimes like arson, drug
use and prostitution." ... "In the suit, Mayor Sheila Dixon joined with
the City Council to ask that the court bar Wells Fargo from charging higher
fees to black borrowers. Many of these borrowers paid more under the bank’s
subprime lending program, designed for less creditworthy consumers, and
are more likely to default on their loans." ... "In 2006, Wells Fargo made
high-cost loans, with an interest rate at least three percentage points
above a federal benchmark, to 65 percent of its black customers in Baltimore
and to only 15 percent of its white customers in the area, according to
the lawsuit. Similarly, refinancings to black borrowers were more likely
to be higher cost than to white ones and to carry prepayment penalties."
-By Gretchen Morgenson
-NYTimes
20071231
-
Money
- Politics
- Federal
- Housing
- Legislation
- New
Jersey - Georgia
- California
- Texas
- Utah
- Maryland
- Nevada
- Oregon
- Washington
- 2004
Election - US
- Netherlands
- "Lender
Lobbying Blitz Abetted Mortgage Mess: Ameriquest
Pressed For Changes in Laws; A Battle in New Jersey." ... "During the housing
boom, the subprime industry succeeded at more than just writing mortgages.
It also shot down efforts by some states to curtail risky lending to borrowers
with spotty credit." ... "Ameriquest Mortgage Co. [ACC Capital Holdings],
until recently one of the nation's largest subprime lenders, was at the
center of those battles. Working with a husband-and-wife team of Washington
lobbyists, it handed out more than $20 million in political donations and
played a big role in persuading legislators in New Jersey and Georgia to
relax tough new laws. Those victories, in turn, helped blunt efforts by
other states to crack down on reckless lending, critics of the industry
contend." ... "Home loans made by Ameriquest and other subprime lenders
are defaulting now in large numbers, roiling global credit markets and
sparking debate about whether regulators and lawmakers should have anticipated
the mess and taken action. A close look at Ameriquest's lobbying and political
donations shows how the subprime industry maneuvered to defeat legislation
that might have contained some of the damage." ... "Data from federal and
state campaign-finance records, Internal Revenue Service filings, and the
National Institute on Money in State Politics show that from 2002 through
2006, Ameriquest, its executives and their spouses and business associates
donated at least $20.5 million to state and federal political groups. In
comparison, over the same time period, Countrywide Financial, another large
subprime lender, gave about $2 million in campaign gifts, and spent an
additional $6.7 million lobbying in Washington, records indicate." ...
"Some of the giving by Ameriquest executives and associates was high-profile.
[Republican] President Bush received more than $200,000 for his 2004 re-election
campaign, and Ameriquest founder Roland Arnall and his wife, Dawn, contributed
more than $5 million to political organizations that backed the president.
Last year, [Republican] President Bush appointed Mr. Arnall ambassador
to the Netherlands, and his wife took over as chairman of Ameriquest's
parent company. California [Republican Governor] Gov. Arnold Schwarzenegger's
campaigns received at least $1.4 million, along with stacks of tickets
to a Rolling Stones concert that were used to lure big donors." ... "Last
year, ACC Capital, its [Ameriquest Mortgage Company] parent company, agreed
to pay $325 million to settle regulators' claims that it charged excessively
high mortgage rates and didn't adequately disclose loan risks. Some of
the state attorneys general who signed the settlement, including Greg Abbott
of Texas, received campaign donations from the firm. Utah's attorney general,
Mark Shurtleff, received a $1,000 contribution and Rolling Stones tickets."
... "Ameriquest also handed out Rolling Stones tickets to state legislators
in Georgia, Maryland, Nevada, Oregon, Utah, Washington and California,
according to ethics records and local news accounts." ... "Federal lawmakers
didn't pose much of a threat to the subprime industry in recent years.
Members of Congress received at least $645,000 in donations from Ameriquest
and large sums from other big subprime lenders, Federal Election Commission
records indicate." ... "ACC Capital, Ameriquest's parent company, and its
executives gave more than $350,000 to Texas politicians in 2006, including
$100,000 to [Republican Governor] Gov. Rick Perry, according to state records."
-By Glenn R. Simpson -WSJ.com
20071114
-
Money
- Politics
- School
- Healthcare
- US
- Iraq
- Afghanistan
- Military
- Christmas
- National_Debt- Maryland
- "Bush
vetoes domestic spending bill: His first rejection
of an appropriations measure steps up his budget battle with congressional
Democrats, who deride as hypocritical his complaints about the price tag."
... "Intensifying his battle with Congress over federal spending, [Republican]
President Bush on Tuesday vetoed an appropriations bill for the first time,
rejecting $150.7 billion in spending for school aid, healthcare and other
domestic programs." ... "But as he complained about the cost of that bill,
which would have increased spending on these programs by 4.3% over last
year, Bush signed a $471-billion defense appropriations bill that pushed
up military spending by more than 9.5%." ... "And he urged Congress to
quickly appropriate $196 billion for the wars in Iraq and Afghanistan."
... ""Congress' responsibility is clear: It should not go home for the
Christmas holidays without giving our troops on the front lines the funds
they need to succeed," Bush told business leaders in southern Indiana after
excoriating Democrats for mismanaging the federal budget." ... "The president's
veto and his complaints were greeted with derision by congressional Democrats,
who were quick to point out Bush's six-year record of approving unbalanced
budgets passed by Republican Congresses." ... ""It is patently absurd that
President Bush, whose irresponsible policies instigated record budget deficits
and added more than $3 trillion to the national debt, now wants to pretend
that he is somehow an exemplar of fiscal responsibility," said House Majority
Leader [and Maryland Democratic Representative] Steny H. Hoyer (D-Md.)."
(1, 2)
-By Noam N. Levey and James Gerstenzang
-LAtimes
20071031
-
Ron
Paul
- Military
- Law
- History
- MA
- NC
- TX
- MD
- 2008
Election - "Ron
Paul co-sponsoring Constitutional War Powers Resolution."
... "At a press conference last Thursday, [Massachusetts Democratic] Congressmen
Bill Delahunt (D-MA) and [North Carolina Republican] Walter Jones (R-NC)
announced the introduction of House Joint Resolution 53, the Constitutional
War Powers Resolution. Joined by co-sponsors [Texas Republican] Ron Paul
(R-TX) and [Maryland Republican] Wayne Gilchrest (R-MD), the resolution
attempts to curtail what some believe to be the expanding war powers wielded
by presidents since the 1964 Gulf of Tonkin resolution[.]" ... "H. J. Res.
53 looks to modify the 1973 War Powers Resolution, itself a response to
President's Nixon assertive stance as commander-in-chief, by requiring
Congressional approval for military action that is not a direct result
of attack. It also allows for greater oversight by Congress by providing
avenues for judicial review and by permitting federal funding for action
approved by Congress." ... "Speaking from the House floor on Saturday,
Rep. Jones said "our Constitution states that – while the commander-in-chief
has the power to conduct wars, only Congress has the power to declare war.
Too many times this Congress has not met its constitutional duty of oversight
and has abdicated its constitutional authorities to the executive branch.""
-KCRG.com
20071017
-
Mitch
McConnell - Children
- Health
- Politics
- E-Mails
- Media
- Radio
- Ad
- Money
- Kentucky
- Maryland
- "McConnell
knew of e-mails about boy: TV interview included denial."
... "Senate Minority Leader [Kentucky Republican Senator] Mitch McConnell
knew last week --at a time when he was denying it -- that his staff had
sent e-mails encouraging reporters to look into the background of a 12-year-old
boy used by Democrats to support expansion of a health-care program." ...
"In an interview Friday with WHAS-TV reporter Mark Hebert, the Kentucky
Republican said his staff had not been involved in trying to push reporters
to look into the financial situation of the boy's family." ... "But McConnell's
communications director, Don Stewart, said in an interview Monday with
The Courier-Journal that he had told McConnell about the Oct. 8 e-mails
sometime around Thursday, the day before the interview with Hebert." ...
""The initial e-mails sent by Stewart were aimed at alerting reporters
that bloggers were raising questions about the boy, Graeme Frost of Baltimore
[Maryland], and his family's financial circumstances. He backed off that
claim in his subsequent e-mails, he said, based on a report from a blogger
whom he respected." ... "Stewart said he informed McConnell of his personal
role in the matter around Thursday." ... "The next day, Friday, Hebert
asked McConnell about the e-mails. The exchange was broadcast Sunday night
and again last evening." ... "Hebert asked the senator whether his office
was attempting to get reporters to look into Frost's background." ... ""No,"
McConnell answered." ... "The senator was then asked, "What was the deal
with the e-mail from your staffer?"" ... "McConnell replied: "There was
no involvement whatsoever."" ... "The boy and his family's circumstances
became an issue after he was recruited by the Democrats to respond to [Republican]
President Bush's Sept. 29 radio address regarding the expanded health program,
which Bush vetoed Oct. 3." ... "Graeme and his sister, Gemma, suffered
severe injuries in a 2004 car crash and were beneficiaries of the insurance
program." -By James R. Carroll
-Courier-Journal.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
|
Acronyms
/ Acronym
define:
Delmarva = DelMarVa = DELaware,
MARyland, VirginiA Peninsula = DELMARVA PENINSULA
DelMarVa defined, definition
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