May 8, 2008 |
The Securities and Exchange Commission plans to share more information with the Federal Reserve about the health of investment banks after a run on Bear Stearns Cos. put the firm on the brink of filing for bankruptcy. The SEC and the Fed are preparing a "memorandum of understanding" for communicating with each other, Erik Sirri, head of the SEC's trading and markets division, said in Senate testimony Wednesday. The effort reflects the fact that the central bank is lending money to investment banks for the first time since the Great Depression, he said.
May 4, 2008 |
Consumer advocates are pressing the Treasury Department to develop labels for alcoholic drink packaging to let people know how much alcohol is in each serving of liquor. The groups want the department's Alcohol and Tobacco Tax and Trade bureau to expand the information included in proposed drink labels. They want labels that reveal the amount of alcohol per serving, the definition of a standard drink and the U.S. dietary guidelines on drinking. "I think people have no idea how much alcohol is in a standard drink," said Sally Greenberg, executive director of the National Consumers League.
May 3, 2008 |
Gov. David Paterson said he revealed his past marital affairs once he took office in part because he had heard that a rogue group of state police was investigating politicians. Paterson said that he had no proof but that "over 10" lawmakers from both parties statewide told him about traffic stops and leaks by police to news organizations about brushes with the law. Paterson took office March 17, replacing Gov. Eliot Spitzer, who resigned amid a prostitution scandal. Both are Democrats.
April 27, 2008 |
Help wanted: public servants willing to disclose major sources of income, business interests, real estate holdings and the names of their adult relatives. Sayonara and good luck with that, said some 150 elected and appointed Oregon officeholders who walked away from their public service gigs this month rather than disclose personal data. Many said they were particularly disturbed by the new requirement -- apparently unique to Oregon -- that they name so many family members.
March 21, 2008 |
U.S. Treasury Secretary Henry M. Paulson Jr. and the sovereign wealth funds of Abu Dhabi and Singapore agreed Wednesday to adopt rules for greater disclosure and to ensure the funds' investments are for economic, not "geopolitical," purposes. Paulson and officials from the two countries said there was a "common interest in an open and stable international financial system," according to a joint statement after talks in Washington. A set of "best practices will create strong incentive among SWFs and investment-recipient countries to hold themselves to high standards," the statement said.
February 26, 2008 |
Guatemalan President Alvaro Colom said he will open to the public army files on massacres and torture by soldiers during the country's 36-year civil war. Almost 250,000 people were killed or disappeared during the 1960-96 conflict between leftist guerrillas and the government. The army committed more than 80% of the slayings, according to a United Nations-backed truth commission. The commission, which compiled thousands of interviews with victims after the 1996 peace accords, identified no officials, in part because the army files were not open to the public.
CALIFORNIA | LOCAL
February 20, 2008 |
Three-quarters of California's elected district attorneys refused to disclose how they choose defendants to face the death penalty, according to a report slated for presentation at a public hearing in Los Angeles today. In a report to the California Commission on the Fair Administration of Justice, which is examining how the death penalty is applied in California, Pepperdine law school professors Harry M.
December 31, 2007 |
Outpatient clinics that perform diagnostic procedures using radioactive materials could do a better job of telling patients that they may set off radiation detectors at security checkpoints, a study shows. Information and documentation that these facilities provide to patients "varies widely" in terms of quality, said Armin Ansari, of the Centers for Disease Control and Prevention, who was involved in the study. "Some are extremely well done, some are not."
December 29, 2007 |
The Marine Corps this week moved to improve its process of notifying families when Marines in Iraq and Afghanistan are wounded or become sick. The shift comes in the wake of an internal report this year that found cases in which families received incomplete or inaccurate information, including an Alabama couple who were told their son had been wounded but survived, and then were told the next day that he had actually been killed.
December 22, 2007 |
A federal judge agreed to let the Bush administration keep secret the lists of visitors to the White House until an appeals court decides whether the documents are public records. U.S. District Judge Royce C. Lamberth granted the White House request five days after ordering the Secret Service to turn over the records to a liberal watchdog group that sought them under the Freedom of Information Act. Visitor records are created by the Secret Service, which is subject to the public records law.