Issue link: https://www.epageflip.net/i/9686
8A – Daily News – Tuesday, April 27, 2010 WORLD BRIEFING Democrats push for bank regulatory bill WASHINGTON (AP) — Undaunted by a Senate setback, Democrats appeared increasingly confident Monday they will be able to take advantage of Ameri- cans’ anger at Wall Street and push through the most sweeping new controls on financial institu- tions since the Great Depression. The Senate, in a 57-41 vote, failed to get the 60 supporters needed to proceed on the regulato- ry overhaul. One Democrat, Sen. Ben Nelson of Nebraska, joined with the Republicans. But the evening vote was just part of a legislative ballet keeping bipartisan talks alive. At the end, Senate Majority Leader Harry Reid switched his vote to ‘‘no,’’ too, but that was just a maneuver that will enable him to call for a new tally as early as Tuesday. Democrats believe that public pressure and the scent of a Wall Street scandal have given them the upper hand. Republicans them- selves have taken up the Democ- rats Wall Street-bashing rhetoric and have voiced hope that a bill will ultimately pass. In that light, the path to final approval seems clearer than it ever did during the contentious debate over health care. The financial overhaul bill is a priority of President Barack Obama and, after health care, its passage would build on his leg- islative successes — an important political consideration in an elec- tion year. The House has already passed its version of new bank regulations. Goldman made billions at clients’ expense WASHINGTON (AP) — Goldman Sachs developed a strat- egy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate investigation has found. Top Goldman executives mis- led investors in complex mortgage securities that became toxic, investigators for a Senate panel allege. They point to e-mails and other Goldman documents obtained in an 18-month investi- gation. Excerpts from the docu- ments were released Monday, a day before a hearing that will bring CEO Lloyd Blankfein and other top Goldman executives before Congress. Blankfein says in his own pre- pared remarks that Goldman did- n’t bet against its clients and can’t survive without their trust. The Securities and Exchange Commission this month filed a civil fraud case against the bank, saying it misled investors about securities tied to home loans. The SEC says Goldman concocted mortgage investments without telling buyers they had been put together with help from a hedge fund client, Paulson & Co., that was betting on the investments to fail. Goldman disputes the charges and says it will contest them in court. Haiti drops kidnapping case PORT-AU-PRINCE, Haiti (AP) — A Haitian judge has Bring Your Homeownership Plans To Life Everyone has personal and financial goals, but not always a plan to reach them. 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Joining 5 other major events Same Weekend - Same Fairgrounds ❁ 2nd Annual Shasta-Tehama Home & Garden Show (Fri-Sat-Sun) ❁ 39th Annual Arabian Horse Show (Fri-Sat-Sun) ❁ 49th Annual Flower Show (Sat-Sun) ❁ 8th Annual Alpaca Show (Sat-Sun) ❁ 11th Annual 4-H Fair (Sat) ❁ 6th Annual Cinco De Mayo Celebration (Sat) “It’s May Magic” NEW FOR THIS YEAR... Arts & Craft Exhibitors Free admission to all for the Home Show!!!!! Thanks to our friends at Criminal Defense Felonies Misdemeanors Infraction Family Law Child Visitation Child Support Divorce Calif. Fish & Game Child Custody Spousal Support Paternity Skillman Criminal Prosecution Felonies ✓✓ Misdemeanors ✓✓ Infractions ✓✓ ✓ ✓ ✓ ✓ Property Division Probate Law Conservatorships Guardianships Will Disputes Juvenile Law Delinquency (602 cases) Child Neglect (300 cases) Real Estate Law Boundary Disputes Quiet Title Actions Evictions Landlord Rights Tenants Rights Lease Disputes Injunctions Sales of Small Business Sale Contracts Leases Civil Law Personal Injury Products Liability ✓ ✓ ✓ ✓ ✓ ✓ ✓ Power of Attorney ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Labor Board Disputes Federal Social Security Tax Disputes ✓ Lisa Muto ✓ ✓ ✓ ✓ ✓ Skillman along with federal funds to help clean up the mess. The latest fig- ures Monday were grim: In Mis- sississippi alone, nearly 700 homes were damaged, 49 people injured and 10 killed. Two others died in storms in Alabama. Walmart to face suit alleging discrimination SAN FRANCISCO (AP) — A sharply divided federal appeals court on Monday exposed Wal- Mart Stores Inc. to billions of dol- lars in legal damages when it ruled a massive class action lawsuit alleging gender discrimination over pay for female workers can go to trial. In its 6-5 ruling, the 9th Circuit U.S. Court of Appeals said the world’s largest private employer will have to face charges that it pays women less than men for the same jobs and that female employees receive fewer promo- tions and have to wait longer for those promotions than male coun- terparts. The retailer has fiercely fought dropped kidnapping charges against all 10 U.S. missionaries detained for trying to take children out of the country after the Jan. 12 earthquake. But the only missionary still in jail, group leader Laura Silsby, still faces a charge of organizing the illegal transport of 33 children in the chaos after the disaster. The charge carries a maximum penalty of three years in prison. Judge Bernard Saint-Vil did not explain why his decision in a brief interview Monday. Teams survey tornado damage YAZOO CITY, Miss. (AP) — Some Mississippi residents cracked jokes Monday to keep from crying while they looked for salvageable items among the rub- ble left by severe storms that killed 12 people over the weekend. State officials were tallying the cost of the damage so they could ask for an emergency declaration from President Barack Obama, the lawsuit since it was first filed by six women in federal court in San Francisco in 2001 and said it would appeal the decision to the U.S. Supreme Court. The ruling ‘‘opens up every company in America that has employees to class actions like this,’’ said Theodore Boutrous, the lead lawyer on the largest gender bias class action in U.S. history. The appeals court upheld a rul- ing allowing the lawsuit to go for- ward as a class action, which attor- neys for the Wal-Mart employees said encompasses more than 1 million women.