George Wenschhof
JP Morgan Chase Loss Climbs To $3 Billion - seems the risky trading in derivatives has resulted in an even larger loss than the initial $2 Billion reported - time to reinstate the Galss-Steagall Act. The NY Times has more here.
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FBI Opens JP Morgan Chase Investigation - to see if there were any criminal wrong doings which took place leading to the $2-3 Billion loss reported. CNN.com has more here.
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Romney Campaign raises $40.1 Million in April - this amount includes maoney raised by the RNC Victory Fund and is close to the $43.6 million reported by the Obama campaign. The Romney campaign reported $61.4 million cash on hand. Politico.com has more here. Campaign Finance Reform, anyone?
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The Fix Unveils Electoral College Map - the Washington Post Blog published their reading of the current electoral map. The winner must receive 270 electoral votes to become President. As of now, President Obama has a minor lead with 196 votes firmly secured and Mitt Romney has 170. As the race progresses, the map will be updated. You can read more here.
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Maryland Legislature Approves Tax Hike - the three day special session convened by Governor Martin O'Malley (D) ended yesterday with approval to raise taxes on earners over $100,000. They also voted to shift the finacial burden of teacher pensions to counties over a phased in period. The special session was needed when lawmakers ran out of time reaching an agreement during the regular session. You can read more here.
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Arizona Special Election For Giffords Seat Nears - it will be held on June 12 and be watched by national political leaders to see what, if any implications, will apply to the November elections. RollCall.com has more details here.
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Unemployment Claims Unchanged Last Week - figures released by the Labor Department showed jobless claims remain at 370,000 for the week ended May 12. Hopes were the numbers would have declined. Bloomberg.com has more here.
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