The
Bailout for Big Business:
▪ From
AP -- Executive
pay limits gain support as bailouts questioned -- Companies that get a
piece of the $700 billion bailout will have their executive pay packages
strictly limited under broadly supported proposals in Congress. (Of course,
the Bush administration
is resisting the move.)
▪ In
today's NY Times -- In
bailout furor, Wall Street pay becomes a target -- A popular outcry has
arisen over the prospect of
Wall Street’s tarnished titans walking away with tens of millions of
dollars a year while taxpayers pick up the bill.
▪ Today from AP -- FBI
is investigating companies at heart of meltdown -- The FBI is looking at
potential fraud by mortgage finance giants Fannie Mae and Freddie Mac,
insurer American International Group Inc., and Lehman Brothers Holdings
Inc., the collapse of which helped trigger a $700 billion bailout plan.
▪ In
today's NY Times -- Congress
objects to lack of help for homeowners -- Lawmakers object to the broad
authority Treasury Secretary Henry Paulson is requesting, the lack of help
for homeowners to avoid foreclosure and the absence of any ownership stakes
in the banks that would be helped.
▪ In
today's LA Times --
The
bailout runs into a populist backlash -- As the scope of the bailout
takes shape, a populist backlash is emerging, with some people concluding
that the only fair outcome would be for failed firms to fail.
▪ In
today's Washington Post --
Bailout
proposal meets bipartisan outrage -- Lawmakers are deeply skeptical of
the proposal and angered by the Bush administration's push for its speedy
approval.
Republicans
Who Are Embarrassed to be Republicans:
▪
In
today's Seattle Times -- Democrats
sue to make Rossi call himself a "Republican" -- They say the
Iraq War and low approval ratings for Bush have left the Republican Party
with a damaged brand and that Rossi is trying to distance himself by using
"GOP" as his affiliation. Polls suggest many people don't know
that GOP and Republican mean the same thing, and that more voters support
Rossi if he uses the "GOP" label instead of
"Republican."
▪ In
today's Seattle P-I -- Business
PACs' funding offers clues (Connelly column) -- In
its second sharply critical investigative report in three weeks, the PDC
found that a big-spending business political action committee (this time,
the Realtors' PAC) flagrantly violated state law to help Republican Dino
Rossi's campaign for governor.... The big bucks of Big Business are a clue
to officeholders' alliances, and -- if not of politicians being bought -- at
least who's being rented.
▪ In
today's Tri-City Herald -- Republican
Party mailers under fire -- PDC staff believe the state Republican Party
used money from its exempt account to pay for three pre-primary election
mailers that promoted Dino Rossi over Gov. Chris Gregoire -- a possible
violation of state law.
▪ In
today's Olympian -- Don't
be misled on registration (editorial) --
Take the case of a Vancouver man who got a telephone
call from the Family Policy Institute of Washington (a conservative
Christian group with links -- literally
-- to the Republican Party) who told him, "Our records indicate that
you're not yet registered to vote in Washington," then advised him to
go to the institute's Web site, where he could register online. In reality,
the man has been registered to vote in Clark County since 1988. People who
fall for the ploy have their voter registration flagged as a duplicate.
Why
Republicans are Embarrassed to be Republicans:
▪ In
today's Seattle Times --
How
the state's fiscal house can be put back in order (op-ed
by Republican State Sen. Joseph Zarelli)
-- WSLC Reports Today will spare you the
Gregoire-bashing political rhetoric in this election-timed op-ed (read it if
you like) and simply summarize Sen. Zarelli's budget prescription: lay off
thousands of state employees; make the ones who remain pay more for their
health care coverage; cut other public health care programs, some of which
assist... immigrants... [shudder]; get rid of a bioscience research
fund (which
he voted to approve back in 2005), and stop funding bilingual education
[for... immigrants].
Election
2008 news:
▪ In today's
Washington Post --
Economic
fears give Obama clear lead over McCain in polls -- More voters trust
Obama to deal with the economy, and he currently has a big edge as the
candidate who is more in tune with the economic problems Americans face. He
also has a double-digit advantage on handling the problems on Wall Street.
As a result, his overall support has risen. A new poll finds that, among
likely voters, Obama now leads McCain by 52% to 43%. Two weeks ago, in the
days immediately following the Republican National Convention, the race was
essentially even, with McCain at 49% and Obama at 47%.
▪
At HorsesAss -- Gregoire
back on top in latest poll -- Gov. Chris Gregoire (Democrat) has
re-taken the lead from Dino Rossi (”G.O.P. Party”), 50% to 48%.
▪ In
today's Longview Daily News -- Gregoire
campaigns in Kelso -- The governor praises advancements by Cowlitz PUD
in construction of its White Creek wind farm in Eastern Washington, and she
said she supports the creation of more jobs manufacturing clean energy.
"This is an opportunity for us to create a green economy right in your
backyard," Gregoire said.
▪ In
today's Seattle Times --
Tim
Eyman warns DOT: Prepare to open up car-pool lanes -- Before
a single vote has been cast on his I- 985 to open car-pool lanes during
nonpeak hours and make other changes in state transportation policy, Eyman
is telling officials: Get ready to enforce it.
▪ In
today's Oregonian --
Sizemore's
latest measure again takes on Oregon's public-employee unions --
When voters see their Nov. 4 ballot, Measure 64 will look
familiar. It will be the third vote in 10 years on Bill Sizemore's proposal
to stymie public-employee unions' political activities.
▪ In
today's NY Times -- McCain
aide's firm was paid by FreddieMac -- McCain erroneously claimed that
his campaign manager had had no involvement with the company for the last
several years.
Local
news:
▪ In
today's News Tribune --
State
workers should skip the pity party (editorial) --
Some unions are complaining that collective bargaining is not
living up to its promise. What it really boils down to is that some unions
object to a Walla Walla prison guard being treated the same as a Capitol
custodian – especially when that custodian is getting a measly 2% raise.
This is not the year to be grousing about inequities or how much money is or
is not on the table.
▪ In
today's Tri-City Herald --
Hanford
begins waste retrieval --
Workers began retrieving radioactive and chemical waste from
Tank C-110 this week. They're hoping it marks the first sustained effort to
retrieve waste from leak-prone tanks since late July 2007 when a waste spill
stopped work.
▪ In
today's Tri-City Herald --
L&I
looks to raise workers' compensation rates -- The state wants to
increase the workers' compensation rates for 2009 by 3% to keep up with wage
inflation.
▪ In
today's News tribune--
Pierce
County executive offers 2009 budget -- County would cut vacant
positions, raise fees and delay capital projects to balance its 2009 budget
under the plan.
▪ In
today's Everett Herald -- Everett
Shipyard wins $9 million Navy contract -- The Todd Shipyards subsidiary
will build a huge reinforced steel gate used to keep water out of a PSNS
drydock.
▪ In
today's Everett Herald -- Factory-built
Marysville schools get attention from other districts -- Except for the
gymnasium, the three schools on the Marysville Secondary Campus were all
constructed in a factory and trucked to their home on the Tulalip
Reservation.