Bailout Lacks Oversight, Spam Host Shut Down, Rezko Denied New Trial
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Bailout Lacks Oversight » No formal action has been taken to fill the independent oversight posts established by Congress when it approved the bailout, nor has the first monitoring report required by lawmakers been completed, though the initial deadline has passed.— Washington Post
Spam Hosting Company Shut Down » The volume of junk e-mail sent worldwide may have dropped drastically yesterday after McColo, a major host of organizations engaged in spam activity, was taken offline.— Washington Post
Rezko Denied New Trial » A federal judge yesterday turned down a request for a new trial from convicted influence peddler Tony Rezko, the pivotal figure in a major Illinois political corruption scandal. — Associated Press
GOP Targets Campaign Finance Laws » The GOP wants to make it easier to raise and spend political money and plans to sue the Federal Election Commission to alter a six-year-old law written by John McCain. — Associated Press
Criminal Air Marshals » Since 9/11, more than three dozen federal air marshals have been charged with crimes, and hundreds more have been accused of misconduct, an investigation revealed. — USA Today/Pro Publica
Executive Credentials Inflated » A recent survey revealed that inflated academic credentials in the nation's executive suites may be more common than generally thought. — Wall Street Journal
Bush Could Block Inquiries » As Congressional Democrats prepare to move forward with investigations of the Bush administration, they wonder whether Bush will claim he can still block subpoenas even though he is no longer president, a claim made by President Truman in 1953. — Washington Post
Blackwater Faces Steep Fines » The State Department is preparing to slap a multi-million dollar fine on Blackwater USA for shipping hundreds of automatic weapons to Iraq without the necessary permits. — McClatchy
New Rules Target Online Gambling » The Treasury Department and the Federal Reserve have issued new guidelines dictating how financial companies must identify and block illegal Internet gambling transactions beginning in January. — Washington Post
Rep. Jefferson Loses Legal Bid » A unanimous appeals court panel yesterday rejected a bid by Rep. William J. Jefferson (D-La.) to dismiss his indictment on bribery and conspiracy charges, rejecting arguments that prosecutors flouted the special protection he enjoys as a member of Congress. — The Washington Post
FBI Probes Funeral Contract Company » The FBI is looking into alleged misconduct by a funeral contract company that guaranteed hundreds of millions of dollars of services to families before becoming insolvent. — Associated Press
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