December 5, 2011
A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action comes amid a federal investigation into whether MF Global illegally tapped its clients' accounts before filing for bankruptcy. The Commodity Futures Trading Commission voted Monday to finalize the rule. It prohibits firms from using money from customer accounts for certain investments, including purchases of foreign debt. It also limits how much of their money can be invested in others, such as money-market mutual funds.
November 5, 2011 |
Jon Corzine resigned from his position atop MF Global just five days after the trading firm declared bankruptcy. Corzine, the former governor of New Jersey and chief executive of Goldman Sachs Group, announced his resignation Friday as numerous regulators and prosecutors probed the firm's swift downfall. He has taken much of the blame for MF Global's demise, and the controversy surrounding his resignation as chairman and chief executive will make it hard for him to return to the realms of finance and politics where he made his name.
March 31, 2011 |
In just 14 months as governor, Chris Christie has become a conservative hero in part because of the delight with which he's taken on some of his harshest critics, particularly the state teachers union. But with the barbs now coming from the Boss, New Jersey's governor may have finally met his match. In a letter to his hometown newspaper , legendary rocker and Garden State icon Bruce Springsteen laments its recent report about how the state was slashing programs that help its poorest citizens while sparing more affluent residents from the budget axe. "The article is one of the few that highlights the contradictions between a policy of large tax cuts, on the one hand, and cuts in services to those in the most dire conditions, on the other," Springsteen writes to the editors of the Asbury Park Press.
October 6, 2010 |
When President Obama went to New Jersey in October 2009, it was in support of then- Gov. Jon Corzine's reelection campaign. As he returns one year later for a Democratic National Committee fundraiser in Cresskill Wednesday night, the Garden State's new Republican governor won't be there to greet him. Instead, Chris Christie is on the road in Michigan, the latest stop on a busy, blue-state-heavy itinerary campaigning for Republican gubernatorial candidates....
November 2, 2009 |
The gulf between the moderate and conservative factions of the Republican Party appeared to spread Sunday when the Republican former candidate in a contentious congressional race endorsed the Democrat. New York State Assemblywoman Dede Scozzafava's decision was essentially a rebuke of conservative activists who had mounted a wildcat effort to ensure her defeat. She had ended her campaign a day earlier after it became clear she could not win Tuesday's special election. It remained uncertain, however, whether her endorsement could tilt the race toward Democrat Bill Owens.
November 1, 2009 |
Cory Booker, the mayor of Newark, climbed on a stage here the other night and hailed his state's political history at a rally for Jon Corzine, the embattled Democratic governor running for reelection. "New Jersey," Booker shouted to supporters in the upscale sushi bar, "is a state of impossible dreams." Until recently, that described Corzine's likely odds at the ballot box Tuesday. But the unpopular governor's race against Christopher Christie, the Republican challenger, has tightened to a dead heat after months of relentless negative campaigning by both sides.