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Coalition asks Fed for access to paper fund
A group of companies including Textron Inc., Home Depot Inc. and Honda Motor Co. is pressing the Federal Reserve to expand purchases of commercial paper to include them, two people briefed on the matter said. The coalition, which also counts Dow Chemical Co. and Nissan Motor Co. as members, wants the Fed to go beyond top-rated paper and buy debt with the second-highest grade, the people said on condition of anonymity.Congress draws Fed Chief Bernanke out on class struggle
JUST WHEN YOU thought increased transparency on the part of the Federal Reserve was contributing to enhanced sophistication on the part of the public, along comes evidence to the contrary. "I believe economic inequality is a product of monetary policy choices on the part of the Fed," said U.S. Rep. Luiz Gutierrez, D.Real estate bust and foreclosure boom comes home to a neighborhood built on easy credit
QUEEN CREEK, Ariz. AP - Out on Phoenix's suburban fringes, where cement mixers are fast colonizing what's left of the hay and cotton fields, the day is winding to a close. The home hour has arrived.But sundown gives away a troubling secret: Behind dark windows and many unanswered doors, it's clear nobody is coming home.White supremacists hope Obama win prompts backlash
House Votes to Bring Bite Back to Rule 11
Marcia [email protected] it comes to rule-making, the Judicial Conference of the United States generally has the corner on what works best in the federal courts. But this month, the U.S. House of Representatives resurrected and approved a rule on attorney sanctions that the conference, as well as most academics, judges and lawyers, believed had been justly interred in the old-rule graveyard more than a decade ago.Report: Va. Tech could have saved lives by notifying students faster; parent calls for firings
RICHMOND, Va. AP - Virginia Tech officials could have saved lives if they had quickly warned the campus that two students had been shot to death and a killer was on the loose, a panel that investigated the attacks said Thursday.Instead, it took administrators more than two hours to get out an e-mail warning students and staff to be cautious.Nearly $6M Awarded in Coweta in Two Days
Richmond [email protected]' lawyers last week reaped millions of dollars in Coweta County State Court from what turned out to be a very generous jury pool.Over three days, in two successive suits before Judge John H. Cranford, Coweta jurors awarded a total of $5.75 million to plaintiffs in driving related cases.Othello Seeks to Go Where No Lawyer's Gone
Janet L. [email protected] County Superior Court Judge Doris L. Downs has barred the pearly gates against a man desperate to escape purgatory. Her verdict: Heaven can wait.Downs trod the boards along with four other attorneys and a coterie of real thespians on Tuesday night, in a lawyers' version of Othello staged at the New American Shakespeare Tavern.La. prosecutor probes ACORN after embezzlement
NEW ORLEANS AP - Louisiana's attorney general said Tuesday he has stepped up an investigation into embezzlement at ACORN nearly a decade ago, but the prosecutor and community activist group clashed over how much money was taken.Louisiana Attorney General Buddy Caldwell claimed the figure was $5 million, but ACORN said the sum hadn't changed from slightly less than $1 million.Trending Stories
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