A rule proposed by U.S. Rep. Paul E. Kanjorski, D-11,
Nanticoke, in a banking reform bill has been praised by a top economist as the
one piece of the legislation that could help prevent financial institutions
from becoming "too big to fail" in the future.
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One piece of
pending legislation could define U.S. Rep. Paul Kanjorski's 26 years in
Congress.
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For the last
year, U.S. Rep. Paul Kanjorski hosted bipartisan dinners with lawmakers and
economic experts.
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Economic
reality
and common sense finally surfaced on a sea of distortion Sunday. The
House passed a health care reform bill that should be viewed as the
beginning
of a more rational national health care system.
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The nonprofit Earth Conservancy has
received a prestigious award from the federal Environmental Protection Agency
for work related to reclaiming hundreds of acres of mine-scarred land.
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Four months ago, Gray Chevrolet
Oldsmobile Cadillac of the Poconos was targeted for elimination by General Motors,
a victim of the auto industry consolidation.
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Luzerne County Head Start, a
school readiness program for children of low-income families, will see a nearly
$500,000 infusion from the federal economic stimulus package, U.S. Rep. Paul E.
Kanjorski announced Tuesday.
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Kanjorski, whose district includes Wilkes-Barre, is famous
for understanding this stuff better than the average member of Congress, and
for staying on the fence until he's
heard from all sides.
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The U.S. House and Congressman Paul Kanjorski deserve congratulations
and praise for last week's narrow passage of the most important energy
legislation in a generation.
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U.S. Rep. Paul Kanjorski called it the best kind of economic stimulus: new jobs.
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"A million dollars is a sizable sum to the typical American family,"
Mr. Kanjorski said, "and a million dollars is a lottery prize for
anyone who has just lost a job." He called on A.I.G.'s employees to
join with the legions of Americans who "have made personal sacrifices
to survive these difficult times."
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Rep. Paul E. Kanjorski (D-Pa.), chairman of the House Financial
Services subcommittee, scolded the chief executive, saying the decision
to go ahead with the bonuses promised in employee contracts could bring
down the company -- and ultimately others as well.
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Kanjorski has been raising questions about AIG for months. Last fall he
challenged AIG junkets. He telephoned Liddy in January to object to the
bonuses.
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Consider U.S. Rep. Paul Kanjorski the guide to economic stimulus.
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U.S. Rep. Paul Kanjorski , D-Nanticoke, has released a guidebook geared
to help everyone from veterans, retirees and families to small
businesses and local governments navigate through the new economic
recovery package.
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James D'Agostino craned his neck to get a view of the Morgan Stanley
chief executive John J. Mack in the hope that the Wall Street titan
would be subjected to a firestorm of criticism in a reckoning before
Congress.
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Everybody needs a roof overhead. What
better way, then, to save people who are losing their homes than to let those
willing to keep paying down their mortgages stay in the house?
Cong. Paul E. Kanjorski, D-11, and
chairman of the House Financial Services Subcommittee on Capital Markets, Insurance,
and Government Sponsored Enterprises, has introduced a bill that would do just
that.
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Madoff happened as we were trying to rebuild. Our economic system
doesn't prosper without people having confidence in the market place.
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Local residents, conservation activists and political leaders such as
Congressmen Paul Kanjorski, D-11, and Charlie Dent, R-15, are to be
congratulated for last week's federal designation of Cherry Valley as a
National Wildlife Refuge.
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The
U.S. Fish and Wildlife Service awarded the National Wildlife Refuge
designation to Cherry Valley on Tuesday, an historic achievement for
conservation in the Poconos.
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U.S. Rep. Paul Kanjorski says the
Madoff scandal is a case study in why the U.S. financial system - from
equities to bonds to insurance - needs to be reregulated.
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The global credit crisis has been characterized by experts
as largely a crisis of confidence. That's why Rep. Paul Kanjorski is on the
mark in planning hearings on an alleged $50 billion global Ponzi scheme that
occurred under the noses of federal regulators.
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A House
lawmaker said Wednesday he will start an investigation into New York financier
Bernard Madoff's alleged $50 billion fraud of investors through his fund and
the oversight by regulators of the group.
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A key
lawmaker announced plans Wednesday to investigate investment manager Bernard
Madoff, arrested on allegations that he ran a $50 billion Ponzi scheme, as well
as the Securities and Exchange Commission for failing to identify the problem
sooner.
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Federal Reserve Board chairman Ben Bernanke is suggesting that state
and local governments facing fiscal difficulties seek grants, loans, or
guarantees from the Treasury, while a Treasury official contends they
should ask the Fed about participating in its commercial paper
purchasing program.
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Auto industry
executives were back on Capitol Hill Wednesday morning to ask for a federal
bailout but they once again faced an uphill battle in winning the necessary
support from Congress.
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Lawmakers accused Treasury Secretary Henry M. Paulson Jr. yesterday of
haphazardly managing the $700 billion financial rescue, as fault lines
widened over what the government should try next to contain the fallout
of the financial crisis.
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The U.S.
Fish and Wildlife Service on Friday recommended the creation of a
20,000-acre National Wildlife Refuge in Cherry Valley.
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Problems this year in financial markets made
it difficult for lenders to access money, and many stopped offering student
loans. To free up money for college, Pennsylvania's congressional delegation, led by Rep. Paul
Kanjorski, D-Luzerne
County, helped to craft a
bill that became law in May.
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Anyone who's still under
the Greenspan-era Wall Street
illusion that the Federal Reserve runs this country should look at what
happened when Fed Chairman Ben Bernanke tried to brush off a Pennsylvania congressman earlier this year.
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U.S. Rep. Paul Kanjorski said it's time for
to stand up to the big oil companies and "shout out, dammit, we've had
enough."
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Congressman Paul Kanjorski has a good idea on how to lower gas
prices.
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WILKES-BARRE - It used to be that college graduates worried about paying
off their student loans, but in recent months even just obtaining those loans
has come into jeopardy.
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