Word: congressman
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...been heard all over, from Congress, a midtown Manhattan law firm, the Secretary of the Commonwealth of Massachusetts, cable TV business news and former SEC commissioners. But is all the criticism being hurled at Cox, a corporate lawyer who served in the Reagan White House and as a Congressman from Orange Co., Calif. for 17 years before being plucked to run the SEC in 2005, justified...
...Take the case of Jose E. Serrano, a charismatic Congressman from New York who said in Denver that Bronx is the poorest district located in the “richest city in the world.” But measured by personal net earnings, New York did not even make the global top ten last year. Did Mr. Serrano mean to make a more modest U.S.-limited comparison, perhaps? A 2005 Forbes rating by the highest median household income reveals that neither New York nor Los Angeles are among the ten richest cities, even in the United States...
...didn't have commercial banks ready to step in, you'd have a vastly bigger crisis today," says Jim Leach, a Republican former Congressman from Iowa (and current Barack Obama supporter) whose name is on the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Leach is no neutral observer, and there can be no proving that Glass-Steagall repeal has made the world safer. But amid the predictable debate now underway about how much new financial regulation is needed, it just doesn't make a very convincing scapegoat for the crisis...
...college center being named after him. Then, early this month, Rangel said he had neglected to declare $75,000 in rental income from a villa he owns in the Dominican Republic. Rangel says his accountant is reviewing his records and vowed to pay whatever back taxes he owes. The congressman, whose committee chairmanship puts him essentially in charge of the federal tax code, has also asked the House ethics committee to investigate his ownership of the villa...
...figure was a troubling 1 in 10. It's a tribute to America's racial progress that a biracial man born before Jim Crow died could come this close to the presidency, but if you believe that contemporary America is color-blind, you probably also believe the Georgia Congressman who recently called Obama "uppity," then claimed he had no idea it was a traditional Southern slur for blacks who didn't know their place. ("Uppity" often modified the slur everyone knows is a slur.) Blacks are still known as "minorities" because this is still a majority white country, and Obama...