06-21-2024  12:42 pm   •   PDX and SEA Weather

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NORTHWEST NEWS

Seattle Police Officer Fired for off-Duty Racist Comments

The termination stemmed from an altercation with his neighbor, Zhen Jin, over the disposal of dog bones at the condominium complex where they lived in Kenmore. The Seattle Office of Police Accountability had recommended a range of disciplinary actions, from a 30-day suspension to termination of employment.

New Holgate Library to Open in July

Grand opening celebration begins July 13 with ribbon cutting, food, music, fun

Nurses in Oregon Take to the Picket Lines to Demand Better Staffing, Higher Pay

The Oregon Nurses Association says they're seeking a contract that includes competitive wages and sufficient staffing levels. The CEO of Providence Oregon says they’ve been preparing for the strike for months and have contracted with replacement workers to ensure patient care does not suffer. 

Black Leaders Urge County to Continue Funding Multnomah Mothers Trust

The program has been entirely funded by American Rescue Plan grants, which run out after this year.

NEWS BRIEFS

Tiffani Penson to Kick Off Her Campaign for Portland City Council, District 2

Host Committee Includes Former State Senators Margaret Carter and Avel Gordly ...

Calling All Nonfiction Media Makers: Real to Reel is June 29

Join Open Signal for a day of collaboration and opportunity with Portland's community of nonfiction media makers. ...

Governor Kotek Observes Juneteenth

Governor Kotek joins Oregon Black Pioneers, Just Walk Salem Keizer and the Willamette Heritage Center for In Freedom’s Footsteps...

University of Portland Honored with Carnegie Leadership for Public Purpose Classification

UP recognized as one of 25 institutions nationwide committed to advancing leadership in pursuit of justice, equity, diversity and...

The National Civil Rights Museum Announces 33rd Freedom Award Honorees

This is the museum's signature event, which pays tribute to individuals who have shown unwavering commitment to promoting equity and...

Seattle police officer fired for off-duty racist comments

SEATTLE (AP) — A Seattle police officer was fired for calling his Chinese American neighbor racist and sexist slurs while off duty in 2022, according to a news report. Officer Burton Hill was fired in May, The Seattle Times reported. The termination stemmed from an...

California workplace safety board approves heat protections for indoor workers, excluding prisons

LOS ANGELES (AP) — On the first day of summer with parts of California sweltering under a heat advisory, a state worker safety board approved standards Thursday that would require employers to protect workers from indoor heat, but would exempt state correctional facilities. The...

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...

A Missouri mayor says a fight over jobs is back on. Things to know about Kansas wooing the Chiefs

TOPEKA, Kan. (AP) — A plan in Kansas for luring the Kansas City's two major league sports franchises from Missouri has prompted their hometown's mayor to declare that the move ends a 5-year-old agreement by the states not to poach each other's jobs. The Kansas Legislature has...

OPINION

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 ...

Juneteenth is a Sacred American Holiday

Today, when our history is threatened by erasure, our communities are being dismantled by systemic disinvestment, Juneteenth can serve as a rallying cry for communal healing and collective action. ...

Supreme Court Says 'Yes” to Consumer Protection, "No" to Payday Lenders 7-2 Decision Upholds CFPB’s Funding

A recent 7-2 ruling by the U.S. Supreme Court gave consumers a long-sought victory that ended more than a decade of challenges over the constitutionality of the agency created to be the nation’s financial cop on the beat. ...

AFRICAN AMERICANS IN THE NEWS

Celebrations honor Willie Mays and Negro League players ahead of MLB game at Rickwood Field

BIRMINGHAM, Ala. (AP) — As Ajay Stone strolled around historic Rickwood Field and gazed at tributes displayed in honor of Willie Mays and other Negro Leaguers, he clutched a cherished memory under his arm. It was a picture from 2004 of Mays holding Stone's then-10-month-old daughter...

Seattle police officer fired for off-duty racist comments

SEATTLE (AP) — A Seattle police officer was fired for calling his Chinese American neighbor racist and sexist slurs while off duty in 2022, according to a news report. Officer Burton Hill was fired in May, The Seattle Times reported. The termination stemmed from an...

Family of Black man shot while holding cellphone want murder trial for SWAT officer

DENVER (AP) — The family of a Black man holding a cellphone when he was fatally shot by a SWAT officer called Thursday for a murder trial for the officer following the public release of portions of body camera footage of the shooting. Kilyn (KAI-lin) Lewis, 37, was shot as officers...

ENTERTAINMENT

Book Review: 'Margo’s Got Money Troubles’ tells a tale of modern love and success

The cover art and title of “Margo’s Got Money Troubles” don’t quite convey the wild ride readers who crack open this new fiction from Rufi Thorpe will take. There’s a reason Apple TV optioned it as a series starring Nicole Kidman and Elle Fanning before it was even published. This is a...

Music Review: Paul McCartney and Wings' oft bootlegged 1974 'One Hand Clapping' deserves applause

The sound of Paul McCartney and Wings' “One Hand Clapping” used to only be heard on bootlegs, or in snippets available on archival releases over the years. But it's new (mostly) complete official release deserves two-handed applause. As aging rockers empty their...

Book Review: 'Swole' explores what masculinity could be in a hyperconnected, TikTok-imaged world

Author Michael Brodeur takes the gym too seriously, and not seriously at all at the same time, in his book “Swole: The Making of Men and the Meaning of Muscles” in an effort to show the readers that the overly online world of hypermasculinity is an illusion and what a man can be is what you...

U.S. & WORLD NEWS

Federal judge to consider a partial end to special court oversight of child migrants

LOS ANGELES (AP) — For 27 years, federal courts have held special oversight over custody conditions for child...

Paris police chief outlines security measures for Olympics

PARIS (AP) — With the Paris Olympics a month away, city police chief Laurent Nunez addressed security concerns...

The Latest | Armenia recognizes a Palestinian state, as malnutrition spreads among children in Gaza

Armenia said it would recognize a Palestinian state on Friday, prompting Israel to summon its ambassador for what...

Whale-watching excursions off Rio de Janeiro's coast begin captivating tourists

RIO DE JANEIRO (AP) — Famous for its beaches and vibrant parties in the Southern Hemisphere's summer, Rio de...

What happened this week in the UK election campaign, from a betting controversy to Farage's ambition

LONDON (AP) — The U.K.'s general election campaign is less than two weeks away now, and the prevailing trends...

4 members of a billionaire family get prison in Switzerland for exploiting domestic workers

GENEVA (AP) — An Indian-born billionaire and three family members were sentenced to prison on Friday for...

Pallavi Gogoi and Eileen Aj Connelly AP Business Writers

NEW YORK (AP) -- In a sweeping move, the government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.

Among the 17 targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., Goldman Sachs.

The lawsuits were filed Friday by the Federal Housing Finance Agency which oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders.

The total price tag for the securities bought by Fannie and Freddie affected by the lawsuits: $196 billion.

The government didn't provide a dollar amount of how much it seeks in damages. It said that it wants to have the purchases of the securities canceled, be compensated for lost principal and interest payments as well as attorney fees and costs. The lawsuits allege the financial firms broke federal and state laws with the sales.

Home mortgage-backed securities were risky investments that collapsed after the real-estate bust and helped fuel the financial crisis in late 2008.

In the lawsuits that were filed in federal or state court in New York and the federal court in Connecticut, the government said the securities were sold with registration statements and prospectuses that "contained materially false or misleading statements and omissions."

The Federal agency said the banks and mortgage lenders also falsely represented that the mortgage loans in the securities complied with underwriting guidelines and standards. They also included representations "that significantly overstated the ability of the borrower to repay their mortgage loans."

The 17 institutions are Ally Financial Inc., formerly known GMAC LLC, Bank of America Corp., Barclays Bank PLC, Citigroup Inc., Countrywide Financial Corp., Credit Suisse Holdings Inc., Deutsche Bank AG, First Horizon National Corp., General Electric Co., Goldman Sachs & Co., HSBC North America Holdings Inc., JPMorgan Chase & Co., Merrill Lynch & Co. and its unit First Franklin Financial Corp., Morgan Stanley, Nomura Holding America Inc., The Royal Bank of Scotland Group PLC, and Societe Generale.

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