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News You Can Use
Wednesday, January 7, 2009
GOP leaders mull take-backs
Key-legislative leaders want to ask Arizonans to repeal a constitutional amendment that bars legislators from trimming voter-approved programs. Stimulus aside, Obama vows future budget restraint
To a public wary of government spending, President-elect Barack Obama is offering a salve with his massive economic stimulus package: the promise of long-term fiscal discipline. Budget-conscious lawmakers are pressing Obama to embrace deficit-reduction goals even as he promotes a spending and tax-cutting plan _ expected to cost about $775 billion _ to jolt the economy out of its downward spiral. 'Part of the discussion that needs to happen right now is not what we do just right now, but what we look to in the future _ about how we get back to a balanced budget and then start to deal with this horrible, horrible national debt that we have,' said Rep. Dennis Moore of Kansas, a member of the congressional Blue Dogs, a coalition of conservative and moderate Democrats. State Budget Strains
Texas lawmakers next week will get their first glimpse of how much the national recession has hit the state. State unemployment claim systems overwhelmed
Tennessee's Department of Labor and Workforce Development is hiring new workers and expanding services due to increased numbers of employment filings. Tenn. Unemployment Claims Jump Significantly
The growing number of people filing for jobless benefits is straining some state electronic unemployment systems. Feds Order American To Reimburse 2 Pilots
American Airlines is ordered to reimburse two pilots who say they were penalized after claiming to be too sick to fly out of Lambert Airport in St. EPA, city should work together on sewage plan
The U.S. Environmental Protection Agency has finally lowered the boom. Yesterday, the EPA denied Honolulu's application to renew its waivers for the Sand Island and Honouliuli wastewater treatment plants. Duke Energy misled jurors about witness, judge rules
Lawyers for Duke Energy misled jurors about a witness who testified during a trial over whether the utility broke federal clean air laws at power plants in Indiana and Ohio, a federal judge has ruled. Department of Labor orders American to reimburse two pilots
The U.S. Department of Labor has ordered American Airlines to reimburse two pilots for sick time, interest and any other benefits associated with sick time. Fallout from Madoff scandal: New safeguards?
If there is a lesson to be drawn from Bernard Madoff's alleged $50 billion financial fraud, it is that the United States needs a new legal and regulatory structure to protect investors in the 21st century. That appears to be the consensus among Democrats, and some Republicans, on Capitol Hill as lawmakers look toward action in the coming Congress. Proposals range from creating a new securities supercop by combining existing agencies to blocking top regulators from taking jobs in industry to simply increasing the resources devoted to market scrutiny. IDCG Launches Clearinghouse for OTC Interest Rate Swaps
International Derivatives Clearing Group, a majority owned, independently operated, subsidiary of The NASDAQ OMX Group, is officially launching its clearinghouse. NYSE Officially De-lists Certain Tribune Co. Debt
CHICAGO The New York Stock Exchange followed up on its stop-trading order last month, officially notifying the Securities and Exchange Commission Tuesday that it has delisted some of Tribune Co.'s publicly ...
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