Washington DC -May 24- The U.S. Chamber of Commerce today expressed strong disappointment over the final passage of S. 3217, the “Restoring American Financial Stability Act of 2010.” This bill fails to achieve meaningful financial regulatory reform. As a result, businesses will have less access to capital, less ability to manage risk, and less capability to create jobs.

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Washington DC -May 24- The Consumer Federation of America tonight praised the United States Senate for passing landmark legislation to strengthen and reform regulation of the nation’s financial system. Among its many important provisions, the bill would create a new federal Consumer Financial Protection Bureau and reduce the vulnerability of the financial system to failure, including by regulating the multi-trillion-dollar over-the-counter derivatives market and by making credit rating agencies more accountable for their actions.

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Washington DC -May 21- Recently U.S. Congressman Sam Johnson (3rd Dist.-Texas) introduced legislation to institute a federal hiring freeze.  The Gallup’s Job Creation Index for April reveals significantly more hiring within the federal government than in the private sector – and categorizes the federal government as a “growth industry.”

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Washington DC -May 21- The World Economic Forum’s Positive Infrastructure Report released today finds that world faces a global infrastructure deficit of US$ 2 trillion per year over the next 20 years.

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Washington DC -May 18- In the interests of providing transparency to the American people on how their tax money was spent to prop up failing financial companies and enforcing accountability on the federal agencies that engineered the bailout, Ranking Member Issa is providing the public with access to the documents produced to the Committee on Oversight and Government Reform by the Federal Reserve Bank of New York.

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Washington DC -May 17- Bankruptcy filings for the 12-month period ending March 31, 2010, rose 27 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2009, according to statistics released today by the Administrative Office of the U.S. Courts.

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Washington DC -May 17- The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to improve for a tenth consecutive month in May, albeit at a slower pace than in April. The general business conditions index fell 13 points, to 19.1.

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Washington DC -May 13- The Embassy of El Salvador was the scene of the return of dozens of pre-Columbian and Mayan artifacts that were seized in the first joint concurrent investigation by U.S. Immigration and Customs Enforcement (ICE) and the National Civilian Police of El Salvador into an international smuggling ring that was selling these antiquities on the Internet.

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Washington DC -May 10- NOAA has modified and expanded the boundaries of the closed fishing area to better reflect the current location of the BP oil spill, and is extending the fishing restriction until May 17.

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Washington DC -May 10- Today, the Bureau of Labor Statistics released its latest unemployment figures. The following is a statement by Deepak Bhargava, executive director of the Center for Community Change:”There is little comfort in today’s unemployment figures to the people who are still searching for jobs without any prospects for work.

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Washington DC -May 10- To serve the rapidly growing portion of Americans older than 65, public transportation will incur increased operating and capital costs on the order of another $3.9 billion annually by 2030, according to a new study conducted for the American Public Transportation Association (APTA).

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Washington DC -May 10-The American Humanist Association expressed disappointment today that the United States Court of Appeals for the District of Columbia Circuit affirmed dismissal of a case challenging the infusion of religion into presidential inaugural ceremonies.

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Washington DC -May 10- If you are facing default on your mortgage or foreclosure on your home, watch out for the latest scam:  phony “forensic mortgage loan audits.”  Con artists claim that for an upfront fee, their audits can help you hold onto your home.

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