July 12, 2013 |
WASHINGTON -- Sen. Elizabeth Warren has launched a campaign to make banks boring again as she pushes legislation to enact stricter regulations forcing deposit-taking financial institutions out of the investment business. The Massachusetts Democrat wants to reinstate the Depression-era Glass-Steagall law, which separated what she called boring checking and savings accounts that are backed by the Federal Deposit Insurance Corp. from risky investment banking. And after joining three other senators Thursday in introducing a bill to do that, Warren went to the Twitterverse to rally support.
April 17, 2008 |
Pat Riley, coach and president of the NBA-worst 15-67 Miami Heat, said Wednesday that he will decide after a meeting next week with owner Micky Arison whether he will return to the sidelines through the end of the 2009-10 season as he promised last summer. Riley, 63, became coach of the Heat for the second time 21 games into the 2005-06 season, leading the Heat to that season's NBA title.
July 21, 1994 |
The Clinton Administration retreated Wednesday from its efforts to control the method of scrambling private communications on the information superhighway when it said the federal standard will apply only to telephone conversations, not to computer exchanges. The announcement is a significant victory for the U.S. computer software industry.
November 28, 2000 |
A recount began Monday in the closest Senate race in the country, with the outcome determining whether the chamber will be split 50-50 between Republicans and Democrats for the first time in a century. In totals released last week, Democrat Maria Cantwell, a dot-com millionaire, apparently defeated Republican Sen. Slade Gorton by 1,953 votes, or 0.08% of the 2.4 million ballots cast. Under Washington law, a recount is automatic when an election margin is less than 0.5%.
August 2, 2006 |
Executive pay has become an issue in a U.S. Senate race. Emma Schwartzman, great-great-granddaughter of Safeco Corp. founder C.D. Stimson, on Tuesday sued the insurer's former chief executive, Michael McGavick, saying he wasn't entitled to as much as $28 million in severance pay when he quit last year to run for a Senate seat in Washington. The suit, which also names Safeco directors, was filed on behalf of Safeco shareholders in federal court in Seattle.
October 3, 2008 |
The chief executive of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon. In addition, employees were told they would be informed by Dec. 1 whether their jobs would continue -- which will be the case for most of the 43,000 employees -- or whether they would be moved to other jobs or see their positions eliminated, JPMorgan spokesman Tom Kelly said.