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In the News

June 11, 2010

By DAVID LIGHTMAN AND KEVIN G. HALL

The draft legislation that lawmakers used as their starting point Thursday for writing the final version of the most sweeping overhaul of financial regulation since the Great Depression contains key provisions to combat predatory lending and provide relief from foreclosure.

The 1,974-page bill combines elements of bills that both the Senate and the House of Representatives already have passed. It leaves for negotiation areas where the two chambers took different approaches.


June 11, 2010

By Sewell Chan

Negotiators from the House and Senate gathered on Thursday to merge two bills representing the most comprehensive changes to financial regulation since the Depression, but the script they acted out was largely being written elsewhere.

Republicans quickly accused Democrats of largely putting on a political show in the form of seven days of televised meetings, including debates scheduled over the next two weeks. The White House wants a final bill on President Obama's desk by July 4.


May 27, 2010

By Yussuf J. Simmonds
Sentinel Managing Editor

Last Saturday, Congresswoman Maxine Waters (CA-35) convened a meeting between the members of the Consolidated Board of Realists (CBR) and representatives from Bank of America (B of A), CitiMortgage (CM), JP Morgan Chase (MC), Wells Fargo (WF) and the FHA. Black real estate professionals had complained that the majority of foreclosed properties in the Black communities were listed with outside brokers.


May 18, 2010

by Gabriel Falcon

A member of Congress has asked the Department of Justice to investigate the circumstances surrounding last year's disappearance of a California woman.

Rep. Maxine Waters, a democrat from California, said in a letter she is "deeply concerned" about the decision by the Los Angeles Sheriff's Department to release Mitrice Richardson from custody following her arrest on September 16, 2009.


May 14, 2010

by Tony Ramm

Almost the entire Pennsylvania congressional delegation wrote the FCC on Tuesday in support of Comcast's pending bid to purchase NBC.

Both of the Keystone State's senators as well as 15 of its 18 sitting House members defended that deal, which is still under FCC review, as one that would advance the commission's dual goals of promoting competition while protecting consumers. Their show of support is perhaps expected, though, given that Comcast is headquartered in Philadelphia.


May 12, 2010

by Tony Romm

FCC Commissioner Mignon Clyburn on Tuesday said she believed her colleagues should hold public hearings on the proposed NBC-Comcast mega-merger.

At an event hosted by Free Press, Clyburn described field hearings as the only way for the "commission to interact and see up close how Americans feel" about the deal, which the FCC still must approve.


May 12, 2010

The Argonaut has received a commendation from the California Newspaper Publishers Association (CNPA) for an entry into the 2009 CNPA Better Newspapers Contest.

News reporter Gary Walker was selected as a contest finalist for his entry in the Public Service category for California weekly newspapers with a circulation of 25,001 and above. Walker's submission was chosen among the top ten percent and advanced to the final Blue Ribbon judging of the contest.


May 12, 2010

by Page Ivey

Graduates of a historically black college in Columbia, S.C., will need to use the same perseverance that got them through school to find a job in the sluggish economy, U.S. Rep. Maxine Waters, D-Los Angeles, told them Saturday.

Waters, whose congressional district includes LAX and Inglewood, told about 170 graduates of Benedict College in Columbia that they will find work even though it's not their dream job. South Carolina has had one of the nation's highest jobless rates for more than two years.

Issues:Education

May 12, 2010

by Roberta Rampton

Representative Barney Frank introduced legislation on Friday to extend the National Flood Insurance Program through September, which would give Congress more time to fix the troubled program.

The insurance program, important to more than 5 million homes and businesses in flood plains, has been in debt since major hurricanes in 2004 and 2005. Reform efforts stalled in Congress last year.


May 12, 2010

by Robert J. Lopez

U.S. Rep Maxine Waters (D-Los Angeles) said Thursday that she has asked the Department of Justice to investigate the disappearance of a woman who was released in September from the Malibu/Lost Hills Sheriff's Station.

Mitrice Richardson, 24, was arrested at Geoffrey's, a Malibu restaurant, for not paying an $89 dinner bill. Deputies who took the Cal State Fullerton graduate into custody described her as "coherent and rational," Los Angeles County Sheriff Lee Baca told the Board of Supervisors in a letter.