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—LI--—
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Wednesday,
April
~8,
2b1b’
ti©n
~nd1
tth©
the
pory
Democratsbelievethat
publi
pressure
and
thescent
of
a
Wall
Streetscandalhave
giventhem
theupperhanRepublicansthemselveshavetakenupthe
Democrats’
Wall
Street-bashing
rhetoric
and
havevoiced
hopethat
a
bill
will
ultimately
pass.
In
thatlight,
thepath
to
final
approval
seems
clearer
than
it
ever
didduring
the
contentious
debate
overhealth
care.
The
financial
overhaul
bill
is
a
priority
of
President
Barack
Obama
and,
afterhealth
care,
its
passage
would
build
on
his
legislative
successes—an
important
political
consideration
in
an
election
year.
TheHouse
has
already
passed
itsversion
of
new
bankregulations.Lessthan
an
hourbefore
thescheduledvote,
the
White
House
issued
its
official
endorsement
of
the
bill,
sayingObama
would
oppose
adding
any
loopholes.
Both
the
House
andSenate
bills,
aimed
at
heading
off
any
recurrence
of
the
nearcollapse
of
the
financial
-system
in
2008,
would
create
a
mechanism
for
liquidating
large
finns
that
get
into
trouble,
set
up
Daniel
Acker/Mcclatchy
Tribune
PRESIDENT
OBAMA
SPEAKS
about
financial
reform
at
Cooper
Union
in
New
York
Cit~
Obama
calledon
the
financial
industry
to
drop-its
effortsto
fight
his
regulation
plan,
saying
a
failure
to
impose
tougherrides
onthe
market
willput
the
US.
economicsystem
at
risk.
Severe
storms
inflict
damage
in
Mississippi
YAZOOCIT’~
7vliss.
(AP)—SomeMississippi
residentscracked
jokesMonday
to
keep
fromcryingwhile
they
looked
for
salvageableitemsamong
the
rubble
left
by
severe
stormsthat
killed
12
people
over
theweekend.State
officials
were
tallying
the
cost
of
thedamage
so
they
could
ask
for
an
emergency
declaration
from
President
Barack
Obama,along
with
federalfundstohelpclean
upthe
mess.
Thelatest
figuresMonday
were
grim:
In
Missississippi
alone,
nearly700
homesweredamaged,49
people
injured,
and
10
killed.
Two
others
died
in
storms
in
Alabama.NancyLuke
stepped
carefully
throughfallencinderblocks,
cracked
mirrors
and
a
brokendisco
ball
in
what
used
to
be
theYazoo
City
bar
she
managed,
Wendy’sOn
the
Hill.
The
bar
was
in
thecenter
of
the
mile-wide
swath
of
destnrction.
Luke
said
she
andthe
owner,
Wendy
Douglas,
have
been
joking
with
each
otherto
fend
off
tears.
“She’s
a
neat
freak.
This
is
usually
the
cleanest
bar
in
town,
I
tell
you;’
Luke
said.
Most
of
the
bar
was
obliterated,but
the
office
andthe
restrooms
still
stood.
Luke
said
she
foun
three
rolls
of
toilet
paper
still
stackedin
a
pyramid
on
a
tray
in
the
women’sroom.
Thetornado
flung
a
bluemetaltrash
container
from
outside
thebar
three-miles
away
while
dumpingmost
of
its
contents
next
to
theslab
of
the
building:
Dozens
of
bmwn
Bud
Light
and
Miller
Lite
beerbottles,most
of
which
wereunbroken.
Miss.
Gov.
Haley
Barbour
was
spending
part
of
the
day
in
neighborhoods
of
his
nath’eYazoo
Citytalkingprivately
with
residents.
“When
you
know
everybody,
it’s
harder,”
said
Barbour,
whosehome
was
undamaged
in
Saturday’s
tornado.
Thestorm
system
began
inLouisiana
before
cuffing
a
path
some150
mileslongthrough
Mississippi
and
continuing
to
Alabama.Storm
surveyorswere
wotking
Monday
to
determinewhether
thedamage
was
caused
by
a
single
tonia
o
or
multiple
twisters.
National
Weather
Servicemeteorologist
Ed
Agre
sai
tornado
winds
have
been
measured
at
160
miles
an
hour
alongmudh
of
the
path,
with
some
areas
hit
with
even
stronger
winds.
By
comparison,
thescale
used
to
measure
hurricaneintensity
tops
oftatj5
h.and
above.
d
Dems
push
financial
overhaul
WASHINGTON
(AP)—Seizing
on
Americans’
anger
at
Wall
Street,
Democrats
are
growing
increasingly
confident
they’ll
be
able
to
break
through
Republican
opposition
and
approve
the
most
swee
ing
new
controls
on
financialinstitutions
sincetheGreat
Depression.
The
Democrats
needed60
votes
Monday
to
proceed
on
the
regulatory
overhaul,
and
GOP
leaders
predicted
Republicans
would
succeed
in
a
blocking
effort.
But
that
was
just
part
of
a
legislativeballet
keeping
bipartisan
talksalive.
Wal-Mart
faces
massive
dassaction
suit
SANFRANCISCO
(AP)—A
sharply
divided
federal
appeals
court
on
Monday
exposed
Wal-Mart
Stores
Inc.to
billions
of
dollarsinlegal
damages
when
it
ruled
a
massiveclass
action
lawsuitalleging
gender
discrimination
overpay
for
femaleworkers
cango
to
trial.In
its
6-5
rifling,
the
NinthCircuit
U.S.
Court
of
Appeals
said
the
world’s
largest
privateemployer
will
have
tofacecharges
that
it
pays
women
less
than
men
for
the
same
jobs
and
thatfemale
employeesreceive
fewer
promotions
andhave
to
wait
longer
for
those
promotions
than
malecounterparts.Theretailer,
based
in
Bentonville,
Ark.,
has
fiercelyfought
the
lawsuit
since
it
was
firstflied
by
sixwomen
in
federal
court
in
San
Franciscoin
2001,
losing
two
previous
rulings
in
the
trial
court
andagain
in
theappeals
court
in
2007.
Wal-Mart
successfully
convinced
theappeals
courtto
revisit
its2007
ruling
madeby
a
three-judgepanel
with
a
larger11-judgepanel,arguingthat
womenwho
allege
discrimination
should
file
individual
lawsuits.
Israel
halts
east
Jerusalem
building
JERUSALEM
(AP)__Israeltsprimeminister
has
effectivelyfrozen
new
Jewish
construction
in
east
Jerusalem,
municipal
officials
said
Monday,
reflecting
theneedtomend
a
serious
rift
with
theU.S.andget
Mideast
peace
talksback
ontrack.
The
movecomesdespite
Benjamin
Netanyahu’s
repeatedassertion
he
would
never
haltconstruction
in
east
Jerusalemand
risksangeringhard-linersin
hisgovernment.
OnelawmakerfromNetanyahu’sLi)cud
Party
warned
the
governingcoalitioncould
collapse
over
the
issue.
Still,
the
defacto
fleeze
appeared
to
offer
the
promise
of
reviving
peace
effortsderailed
after
Israel
announced
plans
for
a
major
Jewish
housingdevelopment
during
a
visit
by
Vice
President
Joe
Biden
last
month.
That
set
off
the
worst
diplomatic
disputebetween
the
U.S.andIsrael
in
decades—and
prompted
thePalestinians
to
call
off
a
new
round
of
U.S.-brokered
peace
talks.
Court
considers
ban
on
violent
video
games
WASHINGTON
(AP)—The
Supreme
Court
will
decide
whether
flee
speech
rights
are
more
important
than
helping
parentskeep
violent
material
away
from
children.
The
justices
agreed
Monday
to
consider
reinstating
California’s
banonthe
sale
or
rental
of
violentvideo
games
to
minors,
a
law
the
Ninth
U.S.
Circuit
Court
of
Appealsin
San
Franciscothrewoutlastyear
on
groundsthat
it
violatedminors’constitutional
rights.
California
Gov.
Arnold
Schwarzenegger,
who
signedthe
law
in
2005,said
he
wpspleasedthe
highcourtwouldreview
theappeals
court
decision.He
said,
‘We
have
a
responsibility
toour
kids
and
ourcommunities
to
protect
againstthe
effects
of
games
that
depictultra-violent
actions,
just
as
we
alreadydo
with
movies:’
However,
thejudge
whowrote
the
decision
overturning
the
law
said
at
the
time
thatthere
was
noresearch
showing
a
connectionbetween
violentvideo
gamesand
psychological
harmtoyoung
people.
I
raduatlin.
--
a
council
to
detectsystemwide
financial
threats
and
establish
a
consumer
protection
agencyto
police
lending.
The
legislation
also
would
requireinvestment
derivatives,blamed
for
helping
precipitate
the
near-meltdown,
to
be
traded
in
open
exchanges.Senate
Republicans
havebeen
solidly
opposed
to
the
legislation
so
far,
butDemocrats
are
determinedtoforcethem
to
block
the
bill
until
their
unity
cracks.
“I
don’t
think
it’s
a
tenable
politicalposition
for
the
Republicans
to
be
in:’
White
Housespokesman
Robert
Gibbs
said.
Senate
Majority
Leader
HarryReidmocked
the
Republicans’
cohesion
in
theSenate.
‘Asfaraslcantell,theonlytbing
Republicans
stand
for
is
standing
together:’
he
said.Richard
Shelby,the
topRepublican
on
the
Banking
Committee,
said
Mondaybefore
the
vote,
“Most
Republicanswant
a
bill,
butthey
want
a
substantive
biW’
TheAlabama
senator
has
beennegotiating
with
committeechairman
ChrisDodd,D-Conn.
Shelby
aidessaid
he
wants
totighten
languagethat
he
believes
would
give
the
FederalReserve
andthe
Federal
DepositInsurance
Corp.too
much
flexibility
to
assist
large
banksand
their
creditors.
Polls
showthepublicis
increasingly
eager
to
slap
restrictions
on
financial
institutions.
To
be
eligiblefor
Commencement
tickets,
you
must
file
your
Degree
Applicationat
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Registrar’s
Office,
Academy
Hall,
2000
Level.
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