12-10-2019  3:01 am   •   PDX Weather    •   SEA weather  
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NORTHWEST NEWS

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

Christmas Tree Shopping is Harder Than Ever, Thanks to Climate Change and Demographics

For Christmas tree farms to survive, shoppers will need to be more flexible

November Holiday Travel at PDX Brings More Comfort, Convenience and Furry Friends

If you’ve not been to Portland International Airport in a few months, you’re in for some surprises.

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,...

Person dies when travel trailer catches fire, explodes

ALFALFA, Ore. (AP) — One person died when a travel trailer caught fire and exploded east of Bend, authorities said.KTVZ-TV reports Crook County deputies were sent shortly after 9 a.m. Sunday for a welfare check on someone living in the trailer near Alfalfa, according to Sheriff John...

Portland police release names in officer shooting of man

PORTLAND, Ore. (AP) — Police have released the name of the officer who shot and killed a man Sunday afternoon outside a coffee shop on Portland's southeast side. The Portland Police Bureau said Monday that Officer Justin Raphael shot the man while Officer Daniel Leonard used less lethal...

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...

AP Source: Mizzou hiring Appalachian State's Eli Drinkwitz

KANSAS CITY, Mo. (AP) — Missouri reached an agreement Sunday with Eliah Drinkwitz to take over the Tigers' once-proud football program, a person with knowledge of the hiring told The Associated Press, making Appalachian State's successful coach the second-youngest in a Power Five...

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

NHL Commissioner: We will not tolerate abusive behavior

MONTEREY, Calif. (AP) — Commissioner Gary Bettman said Monday the NHL will work swiftly to make changes to better deal with personnel conduct issues in the wake of incidents that surfaced in recent weeks.Speaking at the end of the first day of the Board of Governors meeting at the Inn at...

Jury selection starts for trial in college student's killing

UPPER MARLBORO, Md. (AP) — Jury selection began Monday for the trial of a white man charged with a hate crime in the fatal stabbing of a black college student on the University of Maryland’s campus.Jurors are expected to hear opening statements for Sean Urbanski’s trial later...

Nevada third to vote, still up for grabs for 2020 Democrats

LAS VEGAS (AP) — Nevada won its coveted early date in the presidential primary because it was supposed to offer Democrats something different.It’s more racially diverse than the two states that weigh in earlier, Iowa and New Hampshire. Its population is young, working class, largely...

ENTERTAINMENT

‘Benson,’ ‘Star Trek’ actor René Auberjonois has died at 79

LOS ANGELES (AP) — René Auberjonois, a prolific actor best known for his roles on the television shows “Benson” and “Star Trek: Deep Space Nine” and his part in the 1970 film “M.A.S.H.” playing Father Mulcahy, has died. He was 79. The actor died...

Broadcast TV shut out of Globe nods, Netflix edges HBO

NEW YORK (AP) — The Golden Globe TV nominations were most striking not for what they included, but what they didn't: The traditional broadcast networks were completely shut out in all 55 nominations.It was a crowning moment for Netflix, and not just for the jeweled one on Queen Elizabeth's...

Golden snubs and surprises, including little 'Cats' love

NEW YORK (AP) — Some Golden Globe nominations seemed like locks: Joaquin Phoenix, Tom Hanks, Adam Driver and Eddie Murphy. But others were shocks, like Lupita Nyong'o not getting a nomination for “Us.” Other notable snubs and surprises:MEN ONLYOnly men made the best director...

U.S. & WORLD NEWS

Spy Harder: Patriots caught videotaping in Spygate sequel

FOXBOROUGH, Mass. (AP) — The New England Patriots acknowledged on Monday night that a video crew working...

In Sweden's Arctic, global warming threatens reindeer herds

KIRUNA, Sweden (AP) — Thick reindeer fur boots and a fur hat covering most of his face shielded Niila Inga...

India’s crackdown hits religious freedom in disputed Kashmir

SRINAGAR, India (AP) — For years Romi Jan’s mornings would begin with the plaintive call to prayer...

Former Moscow mayor Yuri Luzhkov dies at 83

MOSCOW (AP) — The former mayor of Moscow and one of the founders of Russia's ruling United Russia party,...

South Korea says North's recent test was of rocket engine

SEOUL, South Korea (AP) — South Korea's defense minister said Tuesday that North Korea's recent unspecified...

Algerian court convicts 2 ex-prime ministers of corruption

ALGIERS, Algeria (AP) — Two former prime ministers of Algeria have been convicted and sentenced to prison...

McMenamins
By The Skanner News

WASHINGTON (AP) -- A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven't repaid from the financial bailout, and some of that will never be recovered.

The bailout launched at the height of the financial crisis in September 2008 will continue to exist for years, says a report issued Thursday by Christy Romero, the acting special inspector general for the $700 billion bailout. Some bailout programs, such as the effort to help homeowners avoid foreclosure by reducing mortgage payments, will last as late as 2017, costing the government an additional $51 billion or so.

The gyrating stock market has slowed the Treasury Department's efforts to sell off its stakes in 458 bailed-out companies, the report says. They include insurer American International Group Inc., General Motors Co. and Ally Financial Inc.

If Treasury plans to sell its stock in the three companies at or above the price where taxpayers would break even on their investment - $28.73 a share for AIG, $53.98 for GM - it may take a long time for the market to rebound to that level, the report says. AIG's shares closed Wednesday at $25.31, while GM ended at $24.92. Ally isn't publicly traded.

It will also be challenging for the government to get out of the 458 companies as the market remains volatile and banks struggle keep afloat in the tough economy, it says.

Congress authorized $700 billion for the bailout of financial companies and automakers, and $413.4 billion was paid out. So far the government has recovered about $318 billion. The bailout is called the Troubled Asset Relief Program, or TARP.

"TARP is not over," Romero said in a statement. She said her office will maintain its commitment to protect taxpayers for the duration of the program.

Treasury spokesman Matt Anderson said the department "has made substantial progress winding down TARP and has already recovered more than 77 percent of the funds disbursed for the program, through repayments and other income."

"We'll continue to balance the important goals of exiting our investments as soon as practicable and maximizing value for taxpayers," Anderson said.

The government has unwound its investments in four of the companies that received the most aid: Bank of America Corp., Citigroup Inc., Chrysler Group LLC and Chrysler Financial, the automaker's old lending arm.

On Wednesday, Treasury announced that it had sold the final batch of securities under its $368 million Small Business Administration loan program under TARP.

In Romero's quarterly report to Congress, she said her office has uncovered and prevented fraud related to TARP. Investigations by her office resulted in criminal charges against 10 people and three convictions in the quarter ended Dec. 31, the report notes. Altogether, the investigations have resulted in criminal charges against 61 people, including 45 senior company executives, according to the report. Thirty-one of the 61 individuals have been convicted. Civil charges have been filed against 38 people.

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