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EU court lawyer cautions against short-sales rule
Political View |
2013/09/18 14:36
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A top lawyer at the European Court of Justice says continent-wide rules on short-selling are overreaching and should be thrown out.
In an opinion Thursday, the court's independent Advocate General, Niilo Jaaskinen, said the rules threatened to replace national decision-making on short-selling, where investors profit by betting that a stock or bond will lose value.
During the eurozone debt crisis, many blamed such speculation for instability in the financial markets and several countries imposed temporary restrictions on short-selling — most of which were not renewed after markets stabilized.
Britain brought the case against the EU-wide regulations, which went into effect in November 2012, and Thursday's opinion — though not binding — holds sway when judges issue a decision. |
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CA supervisor agrees to plead guilty to felonies
Political View |
2013/03/04 12:55
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A Santa Clara County supervisor has resigned from office and agreed to plead guilty to a dozen counts of criminal activity, including perjury and misappropriation of public funds.
The San Jose Mercury News reports George Shirakawa Jr. made the announcement Friday after months of denying allegations that he used campaign and county funds for personal use.
In a memo, the 51-year-old Shirakawa says he plans to plead guilty at his arraignment on March 18. He apologized to his constituents and linked his troubles to depression and a gambling addiction.
The Board of Supervisors must decide how to replace Shirakawa, who was re-elected to a four-year term in November.
Prosecutors say Shirakawa moved $130,000 in and out of campaign accounts and public funds and spent most of it at casinos. |
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High court won't block early voting in Ohio
Political View |
2012/10/20 17:00
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The Supreme Court on Tuesday cleared the way for voters in the
battleground state of Ohio to cast ballots on the three days before
Election Day, giving Democrats and President Barack Obama's campaign a
victory three weeks before the election.
The court refused a request by the state's Republican elections chief
and attorney general to get involved in a battle over early voting.
Ohio is among 34 states, plus the District of Columbia, where people
can vote early without giving any reason. About 30 percent of the
swing state's total vote — or roughly 1.7 million ballots — came in
before Election Day in 2008. Crucial to Obama's win that year was
early voting in Ohio, North Carolina and Florida.
Obama won Ohio four years ago, but Republican rival Mitt Romney is
making a strong play for it this year. No GOP candidate has won the
White House without Ohio in his column.
Obama's campaign and Ohio Democrats had sued state officials over
changes in state law that took away the three days of voting for most
people but made exceptions for military personnel and Ohioans living
overseas.
Their lawsuit cited a recent study saying nearly 105,000 people voted
in the three days before the election in 2008, and they argued
everyone should have the chance to vote on those days. They also said
eliminating the opportunity for most Ohio residents to vote in person
on those days, while giving military or overseas voters the chance to
do so, leads to unequal treatment. |
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Ariz. gov. orders training ahead of court decision
Political View |
2012/06/13 14:43
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Arizona's governor on Tuesday ordered a state board to redistribute a training video on the state's controversial immigration law to all law enforcement agencies.
The move comes ahead of an expected ruling from the U.S. Supreme Court this month on the law, which was signed by Gov. Jan Brewer in 2010.
Brewer said in a statement Tuesday that she wants to make sure officers are prepared if the court upholds the law.
Parts of the law blocked from taking effect include a provision requiring police to question people's immigration status while enforcing other laws if there's a reasonable suspicion they're in the country illegally.
The Arizona Peace Officer Standards and Training Board's video outlines factors that constitute reasonable suspicion that someone is in the country illegally, including language, demeanor and foreign-vehicle registration. |
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