National & World News

New Gulf Compensation Chief Lags in Processing Claims

by Sasha Chavkin ProPublica

Just over a week ago, when Kenneth Feinberg took over the process for handling damage claims from the Gulf oil spill, he promised to cut through the delays and confusion that applicants faced under the much-maligned BP system.

Broken Promises of a Just Recovery in the Gulf Coast Five Years After Katrina/Rita

NEW ORLEANS, PRNewswire-USNewswire/ -- As the fifth anniversary of Hurricanes Katrina and Rita arrives, Gulf Coast residents are still trying to rebuild their lives after years of broken promises and government neglect.

Banks' Self-Dealing Super-Charged Financial Crisis

by Jake Bernstein and Jesse Eisinger, ProPublica,

Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.

Documents Tie German Company to Chinese Subsidiary That Produced Defective Drywall

by Joaquin Sapien and Christian Salewski, ProPublica, and Aaron Kessler, Sarasota Herald-Tribune

Knauf Gips, a family-owned German company with operations throughout the world, has argued for almost two years that it is not legally responsible for the millions of pounds of defective drywall that one of its subsidiaries in China has admitted exporting to the United States.

For Mosques, ‘Anywhere But There’ Echoes Far Beyond Ground Zero

by Marian Wang, ProPublica

Last week, we noted that the Islamic community center planned near ground zero is safe on legal grounds. Political outcry, nonetheless, has not subsided. (Note to our readers: The Park51 plan is indeed for a community center, which will house, among many other things, a mosque.)

Proposed Lowe's Drywall Settlement Offers Small Payouts to Victims, Big Fees for Attorneys

by Joaquin Sapien, ProPublica, and Aaron Kessler, Sarasota Herald-Tribune

Lowe's Companies Inc., the nation2019s No. 2 home improvement chain, has set off a legal firestorm by agreeing to a national settlement over tainted drywall in a class-action suit being decided in a Georgia state court.

Trustees Report: Social Security and Medicare are Unsustainable

by Nicola Moore, Assistant Director of the Thomas A. Roe Institute for Economic Policy Studies

The Social Security and Medicare Trustees released their annual reports on the fiscal condition of the programs, and the situation for these programs is still dire.

New York Jumps Ahead of Feds With Law Holding Mortgage Companies Accountable on Mods

by Paul Kiel ProPublica,

New York regulators have crafted new laws to give the state authority to punish mortgage servicers -- something the Treasury Department, in administering its struggling mortgage modification program, has so far failed to do. The new rules set clear standards for how servicers must handle homeowners seeking a modification.

The Net Neutrality Spat Explained

by Marian Wang ProPublica,

In recent weeks, top officials from the Federal Communications Commission have held closed-door meetings to negotiate with the country's biggest communications companies and online service providers on how the Internet should be regulated.

EDUCATION AND MEDICAID LEGISLATION PASSED

The U.S. Senate approved legislation yesterday that provides $26.1 billion for education jobs funding and Federal Medicaid assistance to the states.