05-26-2017  11:12 pm      •     
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

Portland Art Museum Hosts Upstanders Festival May 27

Event includes spoken word, workshops and poster making in support of social justice ...

North Portland Library Announces June Computer Classes

Upcoming courses include Introduction to Spreadsheets, What is the Cloud? and Learn Programming with Games ...

Merkley to Hold Town Hall in Clackamas County

Sen. Jeff Merkley to hold town hall in Clackamas County, May 30 ...

NAACP Monthly Meeting Notice, May 27, Portland

NAACP Portland invites the community to its monthly general membership meeting ...

Photos: Fundraiser for Sunshine Division's Assistance Programs

Under the Stars fundraiser took place on May 18 at the Melody Grand Ballroom ...

U.S. & WORLD NEWS

OPINION

Ensuring the Promise of the Every Student Succeeds Act

The preservation of Thurgood Marshall's legacy is dependent upon our dedication to our children ...

CFPB Sues Ocwen Financial over Unfair Mortgage Practices

What many homeowners soon discover is that faithfully paying a monthly mortgage is in some cases, just not enough ...

B-CU Grads Protest Betsy “DeVoid” in Epic Fashion

Julianne Malveaux says that Betsy “DeVoid,” is no Mary McLeod Bethune ...

NAACP on Supreme Court's Decline to Review NC Voter ID Law

NAACP President and CEO Cornell William Brooks made the following remarks ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

How many members of Congress does it take to count to a billion?

The top 12. At least according to The Hill's annual calculation of the 50 wealthiest members. Newly topped out by California Rep. Darrell Issa's $355.4 million, adding up his wealth with the next 11 richest of his compatriots totals $1.02 billion.

Issa, chairman of the House Oversight Committee and self-described Republican watchdog of the Obama administration, this year beat out Texas Republican Rep. Michael McCaul, last year's richest member of Congress. For his part, McCaul is worth $101.9 million, most of which comes from family trusts.

According to The Hill, Issa's wealth ballooned a few zeroes after he shed some $75 million in liabilities last year. With several huge investment funds worth as much as $50 million apiece, Issa's wealth comes from his role in founding Directed Electronics, creator of the Viper anti-theft system for cars.

Issa, McCaul and their fellow Republicans make up 29 of the 50 richest members of Congress. Republicans have held a majority in the wealth category for three years now. Most of the top 50 list comes from the lower chamber, with 37 in the House of Representatives and 13 in the U.S. Senate.

While the first two richest are Republicans, spot number three goes to a Democrat, Sen. Mark Warner of Virginia. A tech investor, he's worth $88.5 million.

Worth noting, wealth reported by The Hill represents the minimum net worth of each member of Congress, since they are only required to report ranges. The Hill's calculation was based on the lower value of the reporting range, meaning each member could be worth more than the value ascribed to them and it could take far less than 12 to count to $1 billion.

 

Oregon Lottery
Calendar
The Armory Constellations

Photo Gallery

Photos and slide shows of local events