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Click here to visit the new home of Politics Daily!Former Connecticut senator and one-time presidential contender Chris Dodd has been named chairman and chief executive officer of the Motion Picture Association of America. Dodd, a Democrat who served five terms in the U.S. Senate from 1981 to 2011 and headed the powerful Senate Banking Committee, said he was "truly excited about representing the interests of one of the most creative and productive industries in America, not only in Washington but around the world." "In several important ways, taking this step represents a continuation of my work in the Senate, from advancing the interests of ...
The Peace Corps is mourning the loss of Sargent Shriver, the organization's first director and a member of the Kennedy family by marriage. The list of past Peace Corps volunteers includes some now-prominent individuals, several of whom point to their work with the organization as a formative experience in their lives. Surge Desk recalls some of the most famous Peace Corps alumni. Chris Matthews The host of MSNBC's "Hardball With Chris Matthews" volunteered in Swaziland from 1968 to 1970. Chris Dodd The politician, who ran for the 2008 Democratic presidential nomination, ...
(Oct. 13) -- We've recently seen a lot of reports about flaws in the foreclosure process, including lenders certifying that they're familiar with all pertinent aspects of a given case when they're not. This is unacceptable, and those responsible for such false certifications should be held legally accountable. But the response we've seen to these revelations from many large lenders -- placing a moratorium on foreclosures -- is a cure much worse for the economy than the disease. While these actions are certainly a well-intended effort to "protect" homeowners from the consequences of ...
(Aug. 23) -- If Washington seems out of ideas on how to get the private-sector jobs machine running again, there's a pretty straightforward reason -- the people in government have virtually no experience in business. In a major departure from prior administrations, you'd be hard-pressed to find anyone in the current administration with any real business experience. Even offices such as treasury and commerce secretary, which have traditionally been occupied by successful business people, are occupied by a career central banker (with his own tax-compliance problems) and a lawyer/politician. ...
(Aug. 10) -- Wrestling mogul Linda McMahon, who has already spent $22 million of her own money in this campaign, won the Connecticut Republican Senate nomination, setting up a November showdown with longtime Democratic state attorney general Richard Blumenthal for the seat held by the reluctantly retiring Chris Dodd. Blumenthal, who has been hobbled by well-publicized misstatements erroneously implying that he had fought in Vietnam, led McMahon 50-to-40 percent in a recent Quinnipiac University poll. McMahon had been expected to win the primary, but there were troubling political signs in ...
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Love her or not, Speaker Nancy Pelosi's list of legislative accomplishments is formidable. On Wednesday, she capped four years of negotiating, cajoling, compromising and pressuring lawmakers by witnessing President Barack Obama sign the biggest remake of the financial regulatory system since the Great Depression. Pelosi calls the landmark legislation nothing less than a modern version of the 1930's New Deal. Since Pelosi became speaker in 2006, she has pushed through the U.S. House of Representatives a half-dozen pieces of transformative legislation, starting with the first increase in the ...
Hailing the new Wall Street reform bill as one that will "empower consumers and investors, bring the shadowy deals that caused this crisis into the light of day, and put a stop to taxpayer bailouts once and for all," President Barack Obama on Wednesday signed into law the nation's broadest financial regulations since the Great Depression. In a signing ceremony at the Ronald Reagan Building in Washington, Obama was flanked by Vice President Joe Biden and members of Congress who worked to gain passage of the bill. In particular, the president acknowledged the bill's co-sponsors, Sens. Barney ...
WASHINGTON (July 14) -- Cast this debate as big banks versus big government. Despite lingering public anger at Wall Street, most congressional Republicans oppose the tougher financial regulations that Congress is expected to send to President Barack Obama this week. The GOP is betting that the bill's ambitious goals will be lost on voters and instead feed an election-year narrative that Democrats stand for bigger, more intrusive government. Republicans are throwing up a final procedural roadblock to the bill Thursday. The sweeping regulatory overhaul is expected to make it through the ...
Today the House of Representatives voted 237-192 (largely along party lines) in favor of the most comprehensive financial reform legislation in generations: the Restoring American Financial Stability Act of 2010. While an enormous forward step for the bill's backers -- including Rep. Barney Frank, D-Mass., Sen. Chris Dodd, D-Conn., and President Barack Obama -- today's vote remains just shy of a true political and legislative victory. That's because the Senate elected to delay its hearing on the bill until after the Fourth of July holiday recess, citing an inability to drum up the 60 votes ...
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