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Pentagon Travel Policies Criticized; Lawmakers Invested in Bailed-Out Firms; U.S. Targets Exec Pay

POSTED: 11:11 AM ET, 06/11/2009 by Amanda Zamora

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Pentagon Travel Policies Criticized by Watchdogs » Pentagon personnel took more than 22,000 trips paid for by foreign countries, private companies and other nongovernmental sources over the past decade, according to watchdog groups. — Washington Post

Lawmakers Invested in Bailed-Out Firms » From stock holdings to retirement funds to mortgages, more than 20 House leaders and members of the House Financial Services Committee had large personal stakes in the Wall Street powerhouses whose collapse last year led to an unprecedented government intervention in the marketplace. — Washington Post

U.S. Targets Excessive Pay for Top Execs » The Obama administration named a "compensation czar" yesterday to set salaries and bonuses at some of the biggest firms at the heart of the economic crisis, including Citigroup, Bank of America and General Motors. — Washington Post

Probe Into U. of Illinois Admissions Ordered » Gov. Pat Quinn is tasking a commission with examining how lawmakers and trustees have used their political sway to help subpar applicants gain entry to the state's most prestigious public university. — Chicago Tribune

Rangel Steers Darpa Millions to Natural History Museum » Darpa is best known for its far-out Pentagon research. But over the last five years, the agency has also given $10 million to New York City's 140 year-old American Museum of Natural History. — Wired

BEST OF THE REST
» KBR Whistleblower Takes to the Hill (WaPo)
» Tuning In to William Jefferson's Corruption Trial (WSJ)
» Groups Linked to Councilman Got Inflated City Payments (NYT)
» High Salaries at L.A. Nonprofit Draw Scrutiny (LAT)
» Judge clears way for Alaska lawmakers' release (ADN)
» House to weigh firing judge, nixing $174k salary (Chron.com)
» Money laundering baffles Fla. sheriff's colleagues (AP)
» U.N. Seeks U.S. Probe of Alleged Misuse of Afghan Aid (WaPo)

By Amanda Zamora |  June 11, 2009; 11:11 AM ET The Daily Read
Previous: Online Poker Advocates Claim Seizure of Accounts | Next: Ethics Panel Embarks on PMA Probe; Tobacco Industry's Senate Ties; Miranda Issues Cloud Gitmo Cases

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