07-17-2024  9:00 am   •   PDX and SEA Weather

  • 1
  • 2
  • 3
  • 4

NORTHWEST NEWS

The Top Draft Pick of the Mariners Pitches Lefty and Righty. Jurrangelo Cijntje Wants to Keep It Up

Cijntje threw right-handed to lefties more often in 2024 but said it was because of discomfort in his left side. The Mariners say they want Cijntje to decide how to proceed as a righty and/or lefty as a pro. He says he wants to continue pitching from both sides.

Wildfire Risk Rises as Western States Dry out Amid Ongoing Heat Wave Baking Most of the US

Blazes are burning in Oregon, where the governor issued an emergency authorization allowing additional firefighting resources to be deployed. More than 142 million people around the U.S. were under heat alerts Wednesday, especially across the West, where dozens of locations tied or broke heat records.

Forum Explores Dangerous Intersection of Brain Injury and Law Enforcement

The Portland Committee on Community-Engaged Policing hosted event with medical, legal and first-hand perspectives.

2 Men Drown in Glacier National Park Over the July 4 Holiday Weekend

 A 26-year-old man from India slipped on rocks and was swept away in Avalanche Creek on Saturday morning. His body has not been recovered. And a 28-year-old man from Nepal who was not an experienced swimmer drowned in Lake McDonald near Sprague Creek Campground on Saturday evening. His body was recovered by a sheriff's dive team.

NEWS BRIEFS

UNCF Celebrating 80 Years of Transforming Lives

The UNCF Each One Teach One Luncheon is Sunday, July 21, 2-5 p.m., Hyatt Regency at the Oregon Convention Center. ...

Interstate Bridge Replacement Program Awarded $1.499 Billion

Federal support again demonstrates multimodal replacement of the Interstate Bridge is a national priority ...

Echohawk Selected for Small Business Regulatory Fairness Board

Indigenous woman and executive leader of Snoqualmie-owned enterprise to serve on national board advancing regulatory fairness and...

HUD Reaches Settlement to Ensure Equal Opportunity in the Appraisal Profession

The U.S. Department of Housing and Urban Development (HUD) announced today that it has entered into an historic Conciliation...

HUD Expands Program to Help Homeowners Repair Homes

The newly updated Federal Housing Administration Program will assist families looking for affordable financing to repair, purchase, or...

Money from Washington's landmark climate law will help tribes face rising seas, climate change

SEATTLE (AP) — Tens of millions of dollars raised by a landmark climate law in Washington state will go to Native American tribes that are at risk from climate change and rising sea levels to help them move to higher ground, install solar panels, buy electric vehicles and restore wetlands, Gov....

2nd Washington man pleads not guilty in 2022 attacks on Oregon electrical grids

PORTLAND, Ore. (AP) — A second Washington state man has pleaded not guilty to federal charges accusing him of damaging power substations in Oregon in 2022. Tacoma resident Zachary Rosenthal, 33, pleaded not guilty in federal court in Portland on Tuesday to three counts of damaging...

Missouri governor says new public aid plan in the works for Chiefs, Royals stadiums

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson said Thursday that he expects the state to put together an aid plan by the end of the year to try to keep the Kansas City Chiefs and Royals from being lured across state lines to new stadiums in Kansas. Missouri's renewed efforts...

Kansas governor signs bills enabling effort to entice Chiefs and Royals with new stadiums

TOPEKA, Kan. (AP) — Kansas' governor signed legislation Friday enabling the state to lure the Super Bowl champion Kansas City Chiefs and Major League Baseball's Royals away from neighboring Missouri by helping the teams pay for new stadiums. Gov. Laura Kelly's action came three days...

OPINION

The 900-Page Guide to Snuffing Out American Democracy

What if there was a blueprint for a future presidential administration to unilaterally lay waste to our constitutional order and turn America from a democracy into an autocracy in one fell swoop? That is what one far-right think tank and its contributors...

SCOTUS Decision Seizes Power to Decide Federal Regulations: Hard-Fought Consumer Victories Now at Risk

For Black and Latino Americans, this power-grab by the court throws into doubt and potentially weakens current agency rules that sought to bring us closer to the nation’s promises of freedom and justice for all. In two particular areas – fair housing and...

Minding the Debate: What’s Happening to Our Brains During Election Season

The June 27 presidential debate is the real start of the election season, when more Americans start to pay attention. It’s when partisan rhetoric runs hot and emotions run high. It’s also a chance for us, as members of a democratic republic. How? By...

State of the Nation’s Housing 2024: The Cost of the American Dream Jumped 47 Percent Since 2020

Only 1 in 7 renters can afford homeownership, homelessness at an all-time high ...

AFRICAN AMERICANS IN THE NEWS

A Texas school that was built to segregate Mexican American students becomes a national park

A west Texas school built in 1909 for Mexican and Mexican American students as part of “separate but equal” education segregation was designated Wednesday as a national park. U.S. Secretary of the Interior Deb Haaland formally established the Blackwell School National Historic...

2 men sentenced in 2021 armed standoff on Massachusetts highway

WOBURN, Mass. (AP) — Two men have been sentenced for their role in an armed standoff on a busy Massachusetts highway in 2021 that lasted more than eight hours and caused traffic delays during a busy Fourth of July weekend. Jamhal Tavon Sanders Latimer was sentenced Tuesday in...

Lawsuit claims that delayed elections for Georgia utility regulator are unconstitutional

ATLANTA (AP) — Two groups on Wednesday sued to overturn a law extending the elected terms of Georgia's public service commissioners, saying it violates the state constitution for the five Republicans to be allowed to serve terms longer than six years. Georgia WAND Education Fund,...

ENTERTAINMENT

NBA agrees to terms on a record 11-year, billion media rights deal, AP source says

The NBA has agreed to terms on its new media deals, a record 11-year agreement worth billion that would assure player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come. A person familiar with...

On anniversary of Frida Kahlo's death, her art's spirituality keeps fans engaged around the globe

MEXICO CITY (AP) — Frida Kahlo had no religious affiliation. Why, then, did the Mexican artist depict several religious symbols in the paintings she produced until her death on July 13, 1954? “Frida conveyed the power of each individual,” said art researcher and curator Ximena...

Celebrity birthdays for the week of July 21-27

Celebrity birthdays for the week of July 21-27: July 21: Actor Leigh Lawson (“Tess”) is 81. Singer Yusuf Islam (Cat Stevens) is 76. Cartoonist Garry Trudeau (“Doonesbury”) is 76. Actor Jamey Sheridan (“Homeland”) is 73. Singer-guitarist Eric Bazilian of The Hooters is 71....

U.S. & WORLD NEWS

With Haitian migration growing, a Mexico City family of doctors is helping out

CIUDAD NEZAHUALCOYOTL, Mexico (AP) — Last year, the Hernández Pacheco family began to notice a number of...

Biden aims to cut through voter disenchantment as he courts Latino voters at Las Vegas conference

LAS VEGAS (AP) — President Joe Biden is trying to shore up support among disenchanted voters key to his...

Unity at the RNC, knocks on Trump's prosecutions and Senate politics: Takeaways from day 2

MILWAUKEE (AP) — The Republican National Convention marched into its second day Tuesday, showcasing classic GOP...

More Kenyan police arrive in Haiti with UN-backed mission to fight violent gangs

PORT-AU-PRINCE, Haiti (AP) — Another 200 police officers from Kenya arrived Tuesday in Haiti for a U.N.-backed...

In attack that shocks quiet Oman, gunmen kill 6 and wound dozens more at a Shiite mosque

DUBAI, United Arab Emirates (AP) — Several gunmen burst into a Shiite mosque in the Gulf Arab state of Oman and...

Swedish police await forensic results to confirm 2 bodies found in burnt car are missing Britons

HELSINKI (AP) — Swedish police said on Wednesday that the two bodies found in a burnt Danish-registered car in...

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."

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.