Senate

On April 2, 1987, four U.S. Senators met secretly with Federal Home Loan Bank Board (Bank Board) Chairman Edwin J. Gray in the offices of Senator DeConcini (D.AZ). Senator Donald Riegle (D. MI) was a surprise no-show.  DeConcini was joined by Alan Cranston (D. CA), John Glenn (D. OH), and John...

Just like Julius Caesar was stabbed in the back in 44 BC by conspirators in the Roman Senate, so too are we being taken advantage of by our elected officials. You may have heard of the STOCK Act which received Senate approval February 2nd and cleared the House February 9th. STOCK is an acronym...

Uh-oh. This one could be trouble. With the economy weak and populist sentiment running strong, nothing would be more politically popular than a bill that would sanction China for not floating its currency. It would be popular but it would also be dangerous. As everyone knows, china is the main...

All of the significant stock market indexes in the Asia/Pacific region ended Monday trading higher after news broke that President Barack Obama and Congressional leaders had reached a deal to raise the United States debt ceiling in order to prevent the country from defaulting on its debts. The...

The publicly accessible website of the Central Intelligence Agency went offline Wednesday, and a notorious hacking group has claimed responsibility for it. Lulz Security has confirmed its participation in the attacks, which brought the CIA.gov website down in cities across the world. Lulz...

The Senate's website was the latest victim to cyberattacks over the weekend, according to the office in charge of the site's security. The Sergeant at Arms Office, which monitors the site, said that no personal Senator information was released. "We were responding to their allegations. Basically...

European officials are trying to keep their hold on the head of the International Monetary Fund, as there is mounting pressure for Dominique Strauss-Kahn, to step down. The Federal Reserve wants to do annual stress tests on the banks, and reserve the right to veto dividend pay outs should they not...

Reuters is reporting that the Senate confirmed Elena Kagan to the U.S. Supreme Court Thursday in a 63-to-37 vote, making her the fourth woman to serve on the high court. "From the little that we know, she's likely to be very practical, whereas Justice Stevens was more idealistic," Tom Goldstein...

Commercial Real Estate Week in Review-Week of May 16-22 -Our office neighbor Hersha Hospitality Trust is betting on the New York hotel sector, as they increased their exposure by purchasing a 113-room Holiday Inn. -Welsh Property Trust and Campus Crest Communities are going public. Their IPO’s are...