12-11-2019  6:30 am   •   PDX Weather    •   SEA weather  
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NORTHWEST NEWS

San Francisco Aims to Rein in Tests of Tech Ideas on Streets

Entrepreneurs would not be allowed to test their products in San Francisco's public space unless the tech in question is declared a "net public good."

Portland-area Residents May Vote on Funding for Homeless

There may be a measure on the November 2020 ballot to fund likely hundreds of millions of dollars for increased social services

Black Food Professionals See Opportunities to “Scale Up” in School Cafeterias and on Store Shelves

Two Portland women are addressing disparities in the local food scene with Ethiopian and Haitian flavors, ingredients

Portland Fire Chief Sara Boone Climbing Historic Ladders

In 1995, Boone was the first African American woman hired by Portland Fire & Rescue; this year she became its first African American Chief

NEWS BRIEFS

EPA Approves Funding for Oregon and Washington to Improve Drinking Water, Wastewater Infrastructure

States estimate $190 million for wastewater, $35 million for drinking water projects in Oregon, and $120 million for...

Conservation Breakthrough for Endangered Butterfly

The Oregon Zoo's breeding success provides new hope in an effort to save Oregon silverspots ...

Meet 80 Local Authors at OHS 52nd Holiday Cheer Book Sale and Signing

This free Oregon Historical Society event will be held this Sunday, December 8 from 12 p.m. – 4 p.m. ...

Need for Blood Doesn’t Stop for Holidays – Donors Needed

Those who come to give through Dec. 18 will receive a Amazon.com Gift Card ...

North Carolina Court Decision Upholds Removal of Confederate Monument

Lawyers argued that the monument was installed at the end of Reconstruction to further the false “Lost Cause” narrative,...

Police: Man arrested for riding on young mule deer's back

RILEY, Ore. (AP) — Police say a young man was arrested after he was caught on video riding on the back of a mule deer that was trapped in a fenced area in rural eastern Oregon.Oregon State Police say 18-year-old Jacob Belcher of Riley was arrested Friday and charged with wildlife harassment...

Man arrested on 25 years’ worth of child sex abuse charges

PORTLAND, Ore. (AP) — A man was arrested last week on dozens of child sex abuse charges, some of which date back to 1994. The Oregonian/OregonLive reports Michael Hern has pleaded not guilty to 26 counts related to the sexual abuse of at least six children, who were between 4 and 15 years...

New Missouri coach Eli Drinkwitz predicts success

COLUMBIA, Mo. (AP) — Eli Drinkwitz was saying all the right things after being introduced as the new football coach at Missouri, laying out his vision for the once-proud program with unwavering confidence and bold proclamations.Then the former Appalachian State coach made a minor...

LSU's Burrow, Auburn's Brown named AP SEC players of year

LSU quarterback Joe Burrow is a unanimous selection as the offensive player of the year on The Associated Press All-Southeastern Conference football team.The top-ranked Tigers also have the SEC’s coach of the year in Ed Orgeron and the newcomer of the year in freshman cornerback Derek...

OPINION

Will You Answer the Call for Moral Revival?

In embracing and expanding the legacy of Dr. Martin Luther King, Jr., Revs. Barber and Theoharis have asked Presidential candidates to consider a debate that focuses exclusively on poverty ...

What I’m Thankful For This Season

Ray Curry gives thanks for a human right that shaped our country throughout the 20th century and that made Thanksgiving possible for so many Americans who, like him, didn’t get here by way of the Mayflower ...

Congressional Black Caucus Members Visit U.S.-Mexico Border: “Mistreatment of Black Immigrants is Another ‘Stain on America’”

Members said they witnessed first-hand the deplorable treatment and plight of Black immigrants ...

Portland, I'm Ready

Last month I had the privilege to stand with hundreds of supporters and announce my intention to run for re-election ...

AFRICAN AMERICANS IN THE NEWS

YouTube cracks down on racist, sexist and similar insults

SAN FRANCISCO (AP) — YouTube is taking another step to curb hateful and violent speech on its site. The video streaming company said it will now take down videos that lob insults at people based on race, gender expression, sexual orientation or other “protected attributes.”...

Jersey City's mayor says gunmen targeted kosher market

JERSEY CITY, N.J. (AP) — The mayor of Jersey City said Wednesday it's “clear” that gunmen in a furious shooting that left six people dead targeted a Jewish market.Mayor Steven Fulop refused to call it an anti-Semitic attack but said surveillance video shows the gunmen got out...

PBS, Netflix, MSNBC among 2020 duPont-Columbia award winners

NEW YORK (AP) — Groundbreaking reporting on the separation of families at the U.S.-Mexican border, the growth of America's white supremacist movement and the murder of journalist Jamal Khashoggi will be honored at the 2020 Alfred I. duPont-Columbia University Awards, Columbia’s...

ENTERTAINMENT

NFL, NCAA football fuel Fox TV's win of the prime-time week

LOS ANGELES (AP) — Fueled by both college and pro football, Fox won a rare title as champ of the broadcast week among networks. Fox's Thursday night NFL airing of the Dallas Cowboys and Chicago Bears was the week's top show of any kind with 18.23 million viewers, and its broadcast of the Big...

The Associated Press picks the top moments on TV from 2019

NEW YORK (AP) — Many have noticed how fragmented our TV viewing is, with multiple competing streaming services and dozens of channels pulling us in different directions. But the year also saw some jaw-dropping moments that found huge audiences, whether it was a royal interview or a viral...

Adam Sandler on plunging into the Safdies' 'Uncut Gems'

TORONTO (AP) — Adam Sandler was waiting to be thrown into a midtown fountain on Sixth Avenue for a scene in Josh and Benny Safdie’s “Uncut Gems” when he noticed a familiar face on the sidewalk.The Safdies like to capture as much authentic New York energy as possible in...

U.S. & WORLD NEWS

AP source: Yanks land ace Cole on record 4M, 9-year deal

SAN DIEGO (AP) — The New York Yankees landed the biggest prize of the free agent market, adding Gerrit Cole...

Santa, soldiers bring joy to town with river erosion crisis

NAPAKIAK, Alaska (AP) — A school employee wearing a traditional pink Alaska Native smock called a kuspuk...

Saudi Aramco gains 10% in debut to clinch top seat at jumi.8T

RIYADH, Saudi Arabia (AP) — Saudi Arabia's oil company Aramco gained 10% in its first moments on the stock...

No Christmas tinsel in Iraq, in solidarity with protesters

BAGHDAD (AP) — The Christmas tree in the middle of a central Baghdad plaza occupied by anti-government...

Turkey doesn't rule out force to halt drilling off Cyprus

ANKARA, Turkey (AP) — Turkey could use its military forces to halt any exploratory gas drilling in waters...

French government raises retirement age as strikes grind on

PARIS (AP) — France's prime minister said Wednesday the full retirement age will be increased for the...

McMenamins
Alan Fram Associated Press

Rep. Jeb Hensarling, R-Texas, a leader of the House Financial Services Committee

WASHINGTON (AP) -- Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to weaken it, nibble by nibble.

Wary of attempting to dismantle the entire statute and being portrayed as Wall Street's allies - banks are among the nation's most unpopular institutions - GOP lawmakers are attacking corners of it. They can't prevail because they don't control the White House or Senate, but they may be able to force some compromises on agency budgets, pressure regulators and influence some of Obama's nominations.

Days ago, one Republican-run House committee approved bills diluting parts of the law requiring reports on corporate salaries and exempting some investment advisers from registering with the Securities and Exchange Commission. Another House panel voted to slice $200 million from Obama's $1.4 billion budget request for the SEC, which has a major enforcement role.

Meanwhile, Senate Republicans are continuing a procedural blockade that has helped prevent Obama from putting Elizabeth Warren or anyone else in charge of the Consumer Financial Protection Bureau, which opens its doors in two weeks.

The law hurts "the formation of capital, the cost of capital and access to capital, and you can't have capitalism without capital," said Rep. Jeb Hensarling, R-Texas, a leader of the House Financial Services Committee. "So Republicans in the House will be examining each and every one of the 2,000-plus pages" of the law, which he called "a job creator's nightmare."

Confident that Obama and the Democratic-controlled Senate can prevent the House from doing major damage, Democrats view the Republican drive as a political exercise - for now.

"It's mostly setting a marker for the election. And it helps with their campaign contributions," said Rep. Barney Frank, D-Mass., who chaired the Financial Services Committee last year and was a chief author of the law. "But it also tells people in the financial community that if they win the next election, they'll be able to undo it all."

The financial industry leans Republican in its campaign contributions but not overwhelmingly. Sixty-one percent of the $9 million that commercial banks gave federal candidates for the 2010 elections went to Republicans, while 54 percent of the securities and investment industry's $9 million went to Democrats, according to the nonpartisan Center for Responsive Politics.

Democrats are using the GOP drive for their own fundraising.

In one email sent last week under Frank's name soliciting money for House candidates, the party wrote that Republicans want to "bring back the days of unrestrained excess, deception and de-regulation of Wall Street." The mailing called it "payback to their big contributors in the financial services industry."

Obama signed the banking and consumer protection measure last July 21, a keystone achievement that responded to the biggest financial crisis and most severe recession since the 1930s. It passed Congress with solid Democratic support and near-uniform GOP opposition.

Among its provisions, the law:

- Created the consumer protection agency to oversee mortgages, credit cards and other financial products.

- Established a body of regulators to scan the economy for threats to the financial system.

- Required banks to hold back money for protection against losses.

- Curbed the trading of derivatives, speculative investments partly blamed for the 2008 financial crisis.

- Gave the Federal Reserve powers to oversee huge companies whose failures could jeopardize the entire financial system.

Yet the law was just a start, since it ordered federal agencies to craft rules to enforce it. As of July 1, out of an estimated 400 regulations to be written, 38 are complete. That leaves 362 proposed, facing a future deadline or having missed due dates for completion, according to the law firm Davis Polk.

Republicans say the overhaul went too far and has saddled banks and other companies with requirements that harm their competitiveness. The House Financial Services panel alone has held more than a dozen hearings on the law, in part to underscore to administration witnesses that some provisions - like forcing banks to hold back capital as a hedge against losses - will hurt business, according to the committee's chairman, Rep. Spencer Bachus, R-Ala.

"What we are doing is rational, it is sensible, it is entirely practical, it is compassionate," said Rep. Nan Hayworth, R-N.Y., a tea party-backed freshman on that panel. "So we are doing the right thing, and it behooves the Senate and the administration to follow suit."

The highest-profile fight has been over Warren, picked by Obama to set up the new consumer bureau. Many Democrats and liberal groups want her to become its first director.

Following a May clash between Warren and a House subcommittee chairman, House Oversight Committee Chairman Darrell Issa, R-Calif., plans to question the Harvard law professor and long-time consumer activist at a July 14 hearing about her role shaping the new agency.

Meanwhile, 44 GOP senators have promised to block a vote on any nominee unless the bureau is made "accountable to the American people" by replacing the director with a board of directors and giving Congress control over its budget. Forty-one senators can prevent a nomination from coming to a vote.

"You try to get leverage where you can. In the Senate, nominations are your leverage," said Mark A. Calabria, who monitors financial regulation at the conservative-leaning Cato Institute.

On another front, Republicans want to cut the budgets of agencies that are supposed to enforce the overhaul.

Besides denying the SEC extra money next year, the House Appropriations Committee would limit the consumer protection bureau to $200 million, well below the $329 million Obama wants. The full House has voted to hold the Commodity Futures Trading Commission, which oversees derivatives, to $171 million, short of this year's total and less than two-thirds of what Obama wanted.

Republicans cast the cuts as part of their deficit-cutting drive, but Democrats say the reductions are designed to obstruct the new law.

SEC Chairwoman Mary Schapiro said in a speech this spring that budget cuts would mean "an investor protection effort hobbled."

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