11-28-2022  4:02 pm   •   PDX and SEA Weather
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NORTHWEST NEWS

The Science of Lullabies: Portland Music Educator Gathers Songs of Soothing from Around the World

Licia Claire Seaman’s new book shares stories, neurobiology and music. 

The KKK in Oregon: Same Wine, Different Bottle

Oregon and the Klan: Guest Column: The tactics and rhetoric deployed by today’s Trump-centric conservative movement read like the playbook of the Ku Klux Klan a century ago.

Sheriff, Group Sue to Block Strict Oregon Gun Control Law

An Oregon gun rights group and a county sheriff have filed a federal lawsuit challenging a voter-approved ballot measure, saying it violates the Second Amendment right to “keep and bear arms.”

Environmental Groups Oppose Pipeline Expansion in Pacific NW

The U.S. government has taken a step toward approving the expansion of a natural gas pipeline in the Pacific Northwest, but environmentalists and the attorneys general of Oregon, California and Washington states warn that allowing fracking will increases emissions of methane, a greenhouse gas implicated in climate change

NEWS BRIEFS

Oregon Faces Snow-Plow Driver Shortage Heading Into Winter

New federal licensing rules for drivers resulted in longer wait times to obtain a commercial driver's license, which contributed to...

Air Pollution Monitoring to Increase for Oregon Communities

Two of Oregon’s most economically disadvantaged and racially diverse communities are getting a boost in their fight against air...

Georgia High Court Reinstates Ban on Abortions After 6 Weeks

The high court put a lower court ruling overturning the ban on hold while it considers an appeal. Abortion providers who had resumed...

Sugar-Sweetened Beverages Pose Ongoing Concern to Health of Youth in Los Angeles County, Report from Public Health Shows

Excess consumption of added sugars contributes to the high prevalence of childhood and adolescent obesity, and increases the risk for...

Local police say 2 other stabbings, Idaho killings unrelated

MOSCOW, Idaho (AP) — Almost two weeks after four University of Idaho students were stabbed to death in their rooms, local police and federal agents continue to follow leads, but said they have ruled out any connection to two other stabbings in the Pacific Northwest. “There have...

Winter storm to bring heavy snow to mountains

SEATTLE (AP) — The National Weather Service urged holiday travelers to heed their warnings about a winter storm that was expected to bring snow to the mountain passes starting Saturday night and could drop snow on the metro areas by Sunday into next week. “Heavy mountain snow is...

Missouri holds off Arkansas 29-27 to reach bowl eligibility

COLUMBIA, Mo. (AP) — Missouri and Arkansas will be headed to similar bowl games after the Tigers held off the Razorbacks 29-27 on Saturday night, leaving each of the bitter border rivals 6-6 on the season. Only one walked out of Faurot Field with victory cigars. Brady...

Rivalry week should bring SEC bowl forecast into clear focus

GAINESVILLE, Fla. (AP) — It’s rivalry week for most of the Southeastern Conference. The Egg Bowl. The Iron Bowl. The Palmetto Bowl. The Sunshine Showdown. Clean, Old-Fashioned Hate. The Battle Line Rivalry. It’s a chance for everyone to either avoid or add to the powerhouse...

OPINION

‘I Unreservedly Apologize’

The Oregonian commissioned a study of its history of racism, and published the report on Oct. 24, 2022. The Skanner is pleased to republish the apology written by the editor, Therese Bottomly. We hope other institutions will follow this example of looking...

City Officials Should Take Listening Lessons

Sisters of the Road share personal reflections of their staff after a town hall meeting at which people with lived experience of homelessness spoke ...

When Student Loan Repayments Resume, Will Problems Return Too?

HBCU borrowers question little loan forgiveness, delays to financial security ...

Tell the Supreme Court: We Still Need Affirmative Action

Opponents of affirmative action have been trying to destroy it for years. And now it looks like they just might get their chance. ...

AFRICAN AMERICANS IN THE NEWS

Buffalo gunman pleads guilty in racist supermarket massacre

BUFFALO, N.Y. (AP) — The white gunman who massacred 10 Black shoppers and workers at a Buffalo supermarket pleaded guilty Monday to murder and hate-motivated terrorism charges, guaranteeing he will spend the rest of his life in prison. Payton Gendron, 19, entered the plea Monday in...

Georgia runoff: Early voting for Warnock-Walker round 2

ATLANTA (AP) — In-person early voting for the last U.S. Senate seat is underway statewide in Georgia's runoff, with Democratic Sen. Raphael Warnock working to get the jump on Republican challenger Herschel Walker who is putting less emphasis on advance balloting. After winning a...

Pence calls on Trump to apologize for dinner with antisemite

NEW YORK (AP) — Former Vice President Mike Pence on Monday said Donald Trump “demonstrated profoundly poor judgment” and called on him to apologize after the former president had dinner last week with a Holocaust-denying white nationalist and the rapper formerly known as Kanye West days after...

ENTERTAINMENT

NYPD: No known threats to Macy's parade, but tight security

NEW YORK (AP) — New York is planning tight security around the Macy's Thanksgiving Day Parade in the wake of mass shootings elsewhere in the U.S., police said Wednesday, while stressing that there's no known, credible threat to the famed event itself. The holiday tradition, which...

New musical brings high-energy world of K-pop to Broadway

NEW YORK (AP) — There are some familiar storylines in a new musical opening on Broadway — a singer and her relationship with the mentor who guided her; a newcomer trying to find his place; young women chasing their dreams. But they've never sounded quite like this. ...

Celebrity birthdays for the week of Dec. 4-10

Celebrity birthdays for the week of Dec. 4-10: Dec. 4: Game show host Wink Martindale is 89. Singer Freddy “Boom Boom” Cannon is 86. Actor-producer-director Max Baer Junior (“The Beverly Hillbillies”) is 85. Bassist Bob Mosley of Moby Grape is 80. Singer-bassist Chris Hillman...

U.S. & WORLD NEWS

McCarthy's pursuit of speaker's gavel comes at a high cost

WASHINGTON (AP) — Republican leader Kevin McCarthy is in the fight of his political life, grinding through the...

14 years later, NATO is set to renew its vow to Ukraine

BUCHAREST (AP) — NATO returns on Tuesday to the scene of one of its most controversial decisions, intent on...

Lull in Russian attacks against Ukraine energy, aid pledged

KYIV, Ukraine (AP) — Russia held back Monday from launching a new round of strikes that have been expected...

Poles vent anger at leader over his policies, ideas on women

WARSAW, Poland (AP) — Some 300 demonstrators gathered Monday outside the house of Poland’s ruling party leader...

New arrest warrant issued for McCann suspect in other cases

BERLIN (AP) — Authorities in Germany said Monday they have issued a new arrest warrant in separate cases for a...

Ex-president of Comoros convicted of selling passports

PARIS (AP) — A court in the Indian Ocean island of Comoros sentenced former President Ahmed Abdallah Sambi on...

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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