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Goldman Sachs misled Congress after duping clients, Senate panel chairman says

Goldmann SachsGoldman Sachs misled clients and Congress about the firm’s bets on securities tied to the housing market, the chairman of the U.S. Senate panel that investigated the causes of the financial crisis said.

Senator Carl Levin, releasing the findings of a two-year inquiry yesterday, said he wants the Justice Department and the Securities and Exchange Commission to examine whether Goldman Sachs violated the law by misleading clients who bought the complex securities known as collateralized debt obligations without knowing the firm would benefit if they fell in value.

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Eric Cantor needs a lesson in how a bill becomes law in the US

Eric CantorHouse Republicans will introduce legislation, likely by the end of this week, that would make it so that if Congress is unable to come to an agreement over an operating budget, the GOP’s version would simply become law of the land.

The bill, titled “The Government Shutdown Prevention Act,” is designed for the purposed described in its title. In terms of partisan equity, it’s lacking.

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Group to tell Senate panel about 42 disease clusters in 13 states

National Resources Defense CouncilAn environmental group will tell a Senate panel Tuesday that it has identified 42 suspected clusters of cancer, birth defects and other illnesses in 13 states.

The Natural Resources Defense Council, working with the National Disease Clusters Alliance, wants to step up the federal response to investigating suspected clusters. The 42 clusters — either confirmed or under active investigation — are in Texas, California, Michigan, North Carolina, Pennsylvania, Florida, Ohio, Delaware, Louisiana, Montana, Tennessee, Missouri and Arkansas. The groups plan to look at all 50 states.

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Sen. DeMint chooses ideology over doctor's promising dialysis device

Jim DeMint

Dr. David Cull, a prominent vascular surgeon in Greenville, had invented a small valve system that, if it works, could spare 300,000 dialysis patients across the country enormous suffering and save U.S. taxpayers billions of dollars.

But Cull’s hometown senator, Jim DeMint, would not write a letter supporting the surgeon’s application for a federal grant under the landmark health care bill that President Barack Obama signed into law a year ago today.

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Rep. Peter King: Terrorism hawk or witch hunter?

Peter King, R-NYThursday not only on the topic of a widely publicized House of Representatives committee hearing — the radicalization of American Muslims — but also on the man who'll wield the gavel.

Some elected officials, civil liberties groups and American Muslim organizations fear that Rep. Peter King, R-N.Y., the chairman of the House Committee on Homeland Security, will preside over an inflammatory inquiry akin to former Sen. Joseph McCarthy's infamous 1950s "witch hunt" investigations into communist anti-American activities.

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Anthony Weiner Falsely Claims There’s ‘No Israeli Occupation’ In The West Bank And No IDF Troops There

Weiner denies Israeli occupationLast night, The Nation Institute hosted a debate between former congressman Brian Baird and Rep. Anthony Weiner (D-NY) and moderated by The New York Times’s Roger Cohen about the UN-commissioned Goldstone Report, which documented alleged war crimes committed by both the Israeli military and Hamas forces during the 22-day long “Operation Cast Lead” conflict in Gaza in 2008.

At one point during the debate, Weiner began to say that the West Bank was more relatively prosperous than Gaza in part because there is no Israeli occupation there (although there is an enormous blockade).

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Wis. Assembly passes bill taking away union rights

The Wisconsin Assembly early Friday passed a bill that would strip most public workers of their collective bargaining rights — the first significant action on the new Republican governor's plan.

The Assembly vote sends the bill on to the state Senate, where minority Democrats have been missing for a week. No one knows when — or if — they'll return from their hideout in Illinois. Republicans who control the Senate sent state troopers out looking for them at their homes on Thursday, but they turned up nothing.

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