07-02-2022  9:28 am   •   PDX and SEA Weather
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NORTHWEST NEWS

Eugene Woman Attacked With Acid for Third Time Since March

A Eugene, Oregon, woman who had acid thrown on her while walking her dog in March has been the target of two additional acid attacks at her home

Minimum Wage Increase Initiative Qualifies in WA City

An initiative to increase the minimum hourly wage in Tukwila, Washington, by more than has qualified for the November ballot.

Sydney McLaughlin Does It Again, Breaks Own World Record

When asked how she was going to celebrated afterward, McLaughlin joked: “Eating some real food besides vegetables. Like a cheeseburger or something, some pancakes.”

Inslee Seeks Abortion Rights Amendment to State Constitution

Gov. Jay Inslee will push for a state constitutional amendment to protect abortion rights within the state, and laws that make it difficult for other states to investigate whether their own residents have visited Washington for abortion care.

NEWS BRIEFS

On View This Weekend: Afro-American Heritage Bicentennial Commemorative Quilt

A History Spotlight from Boyle Family Executive Director Kerry Tymchuk ...

State Continues Paying Out Oregon Emergency Rental Assistance Program Applications to Renters and Landlords Across Oregon

More than 60,000 Oregon households facing pandemic hardship receive over 6 million in rental assistance relief ...

KGW and TEGNA Foundation Award $40k in Community Grants to Aid Four Oregon Nonprofit Organizations

Among the grant recipients are Urban Nature Partners PDX, Self Enhancement, Inc (SEI), Portland YouthBuilders (PYB), and p:ear. ...

Hawthorne, Morrison Bridges Will Close to Motorized Vehicles for July 4 Fireworks Show

The bridges will remain open for bicyclists and pedestrians. ...

Increased Emergency Snap Benefits Continue in July

Approximately 422,000 households will receive an estimated million in extra food benefits ...

Acres of Whidbey Island farmland, forest, beach, preserved

EVERETT, Wash. (AP) — Staff at the Whidbey Camano Land Trust in Washington state knew they had to act quickly when a 226-acre (91-hectare) beachfront property south of Coupeville came on the market last December. From the water, boaters may have seen the red house, old windmill, and...

Judge: Sheriff must post bail after anti-harassment order

TACOMA, Wash. (AP) — The sheriff of Pierce County, Washington, was ordered to post 0,000 bail while he awaits trial on false-reporting charges related to his controversial confrontation last year with a Black newspaper carrier. Judge Jeffrey Jahns on Friday imposed the bail —...

OPINION

Choice Without Shackles

The constitutional originalists do what they must to keep ignorance viable, to keep us anchored to the certainties of the old days ...

Biden’s Menthol Ban Follows the ‘Racist Law’ Playbook

The ban on menthol threatens to do more harm than good for the Black people these activists purport to want to protect ...

Black Women Will Suffer the Harshest Consequences After the Overturn of Roe

Black women are nearly three times more likely to die during childbirth than white women and are more likely to face maternal health issues. ...

Justice Clarence Thomas and the Conservative Supreme Court Have Fanned the Flames of Racism in America

Former President Donald Trump’s Make America Great Again cry proved an easy between-the-lines moniker, but even that stood as a dog whistle – until now. ...

AFRICAN AMERICANS IN THE NEWS

NY overhauls handgun rules in effort to preserve some limits

ALBANY, N.Y. (AP) — New York lawmakers approved a sweeping overhaul Friday of the state’s handgun licensing rules, seeking to preserve some limits on firearms after the Supreme Court ruled that most people have a right to carry a handgun for personal protection. The measure,...

Judge: Arizona violates prisoners’ rights with poor care

PHOENIX (AP) — A judge ruled Arizona has been violating the constitutional rights of incarcerated people in state-run prisons by providing them with inadequate medical and mental health care, saying the state has known about the problem for years but refused to correct its failures. ...

Thousands protest migrant deaths at Spain-Morocco border

BARCELONA, Spain (AP) — Thousands of people in several Spanish cities protested Friday over the deaths of at least 23 migrants last week at the frontier between the Spanish enclave of Melilla in Africa and Morocco, amid growing calls for an independent, cross-border investigation. ...

ENTERTAINMENT

Sonny Barger, figurehead of Hells Angels, dies at 83

LIVERMORE, Calif. (AP) — Sonny Barger, the leather-clad fixture of 1960s counterculture and figurehead of the Hells Angels motorcycle club who was at the notorious Rolling Stones concert at Altamont Speedway, has died. He was 83. Barger's death was announced on his Facebook page...

Review: Austen-era schemes, dreams fill 'Mr. Malcolm's List'

“It is a truth universally acknowledged,” goes one of the more famous opening lines in English literature, “that a single man in possession of a good fortune, must be in want of a wife.” That’s Jane Austen, beginning her 1813 “Pride and Prejudice.” Austen herself has...

Review: Imagine Dragons offer light at the end of the tunnel

“Mercury — Act 2,” Imagine Dragons (Interscope) If you were hiding under your bed after listening to the last album by Imagine Dragons, it's time to come out. The second volume of “Mercury” is upbeat, often Caribbean-spiced and throbbing. It's the sound of a band getting its...

U.S. & WORLD NEWS

NY overhauls handgun rules in effort to preserve some limits

ALBANY, N.Y. (AP) — New York lawmakers approved a sweeping overhaul Friday of the state’s handgun licensing...

Tropical Storm Colin threatens a wet weekend for Carolinas

MIAMI (AP) — Tropical Storm Colin formed along the South Carolina coast on Saturday, bringing the threat of rain...

Pope urges Congo, South Sudan to work for peace, prosperity

ROME (AP) — Pope Francis urged the people and leaders of Congo and South Sudan on Saturday to “turn a page”...

Monkeypox cases triple in Europe, WHO says, Africa concerned

LONDON (AP) — The World Health Organization's Europe chief warned Friday that monkeypox cases in the region have...

WNBA's Brittney Griner goes on trial in Russian court

MOSCOW (AP) — American basketball star Brittney Griner went on trial Friday, 4 1/2 months after her arrest on...

Pope appoints first cardinal from Amazon rainforest

RIO DE JANEIRO (AP) — When the Archbishop of the Brazilian city of Manaus Leonardo Steiner kneels before Pope...

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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Jan. 6 Committe Hearings - Day 6

A suprise hearing with newly discovered evidence will be held Tuesday, June 28 at 9:45 a.m. PT (12:45 p.m. ET).

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