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The HSUS Announces Third Round of Grant Awardees from Financial Crisis Pet Fund

Article from: Targeted News Service Article date: November 14, 2008

The Humane Society issued the following news release:

The Humane Society of the United States is pleased to announce the third round of grants awarded from a fund created in March to assist local shelters and rescue organizations during the home foreclosure and financial crisis.

"With these grants, The Humane Society of the United States can help alleviate some of the burden that has been added to the already heavy load that local shelters and rescue organizations must bear due to foreclosures, rising prices and tighter budgets," said Stephanie Shain, director of outreach for Companion ...

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Companies Desperate to Roll Back Pension Support

Posted Nov 20, 08 9:50 AM CST in Politics,  Business 

Companies Desperate to Roll Back Pension Support
Source: AP Photo/Peter Morrison

(Newser) – Wall Street’s meltdown has diminished the value of US pension funds by $250 billion and cash-strapped companies are asking lawmakers to give them relief from rules that require them to make up the losses, reports the New York Times. The rules, designed to strengthen the pension system in the US, were signed into law by President Bush in 2006.

Congress appears inclined to go along with the relief, even though it’s no guarantee struggling companies won’t go belly up anyway, adding to the burden of the government’s Pension Guaranty Corporation, which insures private plans and provides reduced benefits. “Congress needs to make the funding less volatile,” said Rep. Earl Pomeroy, D-ND. “This step will save thousands of jobs without costing the Treasury anything.”

Source: New York Times

More about:  Financial Crisis • Bush administration • Wall Street • Charles Grassley • pension funds

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 White House Caves  
 on Golden Parachutes 

Paulson bows to pressure from lawmakers opposed to bailout paydays for CEOs

Associated Press Associated Press Sep 24, 08 3:40 PM CDT
(AP) - The White House bowed on a crucial change in the $700 billion bailout today ahead of a speech tonight in which President Bush hopes to pull loudly resistant lawmakers on board. Republican officials said Henry Paulson agreed to demands from critics in both parties to limit the “golden parachute” money for executives whose companies could benefit from the proposed bailout. More »

More about:  Financial Crisis • George W. Bush • Bush administration • Wall Street • Henry Paulson • golden parachutes

 Bush Asks Congress 
 for $700B Bailout Fund 

President urges swift action, 'and the cleaner the better'

Washington Post Washington Post Sep 20, 08 12:00 PM CDT
(Newser) - The Bush administration today formally asked Congress to authorize a $700 billion fund, administered by the Treasury Department, to help troubled financial institutions unload bad debt, the Washington Post reports. The figure is $200 billion higher than legislators were led to expect yesterday, and the national debt limit would be raised to $11.3 trillion. “It is a big package because it's a big problem,” said President Bush, who added that he abandoned his free-market impulses because of the risks involved for the financial system. More »

More about:  Financial Crisis • Congress • bailout • Bush administration • Wall Street • Treasury Department • banking • national debt

Thieves Return Madoff Statue, Lesson Attached

Note suggests 'swindler' return his plunder, too

Palm Beach Post Palm Beach Post Jan 1, 09 2:53 PM CST
(Newser) - The thieves who nabbed a $10,000 copper statue from fraudster Bernard Madoff's swank Florida home have returned it, along with this note: "Bernie the Swindler, Lesson: Return stolen property to rightful owners." The advice was penned by "The Educators," whose inspiration may be a German namesake film in which anti-capitalists break into swank homes and leave notes for the rich, the Palm Beach Post reports. More »

More about:  Financial Crisis • Wall Street • Bernard Madoff • Ponzi scheme • capitalism • hoax • art theft


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