Word: congressman
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...Congressman Paul Kanjorski, a Democrat from Pennsylvania who heads up the House of Representatives subcommittee that oversees Fannie and Freddie, backs a plan that would break up the firms into as many as 15 smaller companies. As with public utilities, he thinks the government could regulate what these firms could charge and how much they could make. That would limit the risk-taking and excess use of leverage that caused the two firms to collapse. "I think it would be bad for the mortgage market to get rid of them completely," said Kanjorski, who also spoke at the conference...
...entertainment business," said Representative Bill Pascrell, a New Jersey Democrat who demanded congressional hearings into the matter. "Given Ticketmaster's recent mishandling of Bruce Springsteen's tour and other shows, it is clear that this company's questionable business practices warrant sharper scrutiny." Earlier this week, the Congressman introduced a bill, named the Boss Act, that calls for ticketing companies to disclose how many tickets are being withheld in primary public ticket sales and a 48-hour waiting period before tickets can be sold in the secondary market, among other things...
...pledges to practice bipartisan politics, President Barack Obama's cross-aisle appointments are never strictly olive branches. By tapping Republican Congressman John McHugh for Secretary of the U.S. Army, Obama has snatched away a stalwart member of the GOP's shrinking congressional delegation in New York state. McHugh, whose sprawling upstate district includes the Army base at Fort Drum, is the ranking Republican on the House Armed Services Committee and a highly regarded military advocate. "John is a distinguished public servant who will help keep us safe and keep our sacred trust with our soldiers," Obama said. While McHugh...
...True enough. But for the moment, Florida seems more concerned with the growing number of valid complaints. (Jacksonville alone saw two female teachers arrested last month.) So it's no surprise that a Florida Congressman, U.S. Representative Adam Putnam, recently co-introduced a bill, the Student Protection Act, to set up a scholastic version of the national sex-offender database and prevent teachers like Lafave from getting classroom jobs in other districts or states. Whether or not the legislation passes, it's a sign of the emotional turmoil that women like her have wrought in their communities...
...commercial real estate loans due in the next few years - hundreds of billions of dollars' worth - could go bust. Jeffrey DeBoer, president of trade group the Real Estate Roundtable, fretted that problems in the lending business could cost the nation thousands more construction and real estate jobs. Next up, Congressman Jerrold Nadler of New York expressed worry that the country was headed for a lost decade of economic stagnation...