The Hill: Chicago-area Democrats are urging the Treasury Department to help a troubled community bank with money from the $700 billion financial bailout fund. Four House members pushed the department in mid-June to provide federal money to ShoreBank, a prominent Illinois-based bank that serves low- and middle-income customers. High-profile Democrats, including President Bill Clinton, have [...]
Boston.com: A federal district court judge in Boston today struck down the 1996 federal law that defines marriage as a union exclusively between a man and a woman. Judge Joseph L. Tauro ruled that the federal Defense of Marriage law violates the Constitutional right of married same-sex couples to equal protection under the law and [...]
The Wall Street Journal: Some banks have a special technique for dealing with business borrowers who can’t repay loans coming due: Give them more time, hoping things improve and they can repay later. Banks call it a wise strategy. Skeptics call it “extend and pretend.” Banks are applying it, in particular, to commercial real-estate lending, [...]
The Wall Street Journal: HIV research is undergoing a renaissance that could lead to new ways to vaccinate against the AIDS virus and other viral diseases. In the latest development, U.S. government scientists say they have discovered three powerful antibodies, the strongest of which neutralizes 91% of HIV strains, more than any AIDS antibody yet [...]
Washington Post: John L. Martin supervised 76 espionage cases during his 26 years at the Justice Department, but he’s never seen one end like this one. Martin said swapping spies who have not been sentenced to time in prison, much less served it, is “all but unprecedented.” Martin could recall only one case in which [...]
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LOS ANGELES (AP) – A white former transit officer was convicted of involuntary manslaughter Thursday in the shooting death of an unarmed black man on an Oakland train platform in a 2009 encounter that set off days of rioting in the city. The jury deliberated more than six hours over two days to convict Johannes [...]
Politico: The White House has launched a coordinated campaign to push back against the perception taking hold in corporate America and on Wall Street that President Barack Obama is promoting an anti-business agenda. Obama has been happy to be seen by voters as cracking down on Wall Street but those efforts have had an unintended [...]
