Why is U.S. Rep. Spencer Bachus (R) introducing legislation to delay the regulation of derivatives for two years?
After his home county’s disastrous dealings with derivatives (specifically in the form of interest rate swaps), Jefferson County is now preparing for the possibility of the largest municipal bankruptcy in history.
Somewhat related: [...]
For those on either side of the gambling war in Alabama, the National Indian Gaming Commission is taking public comments on a revamp of its regulations. Of particular interest to Alabamians, would be Technical Standards for Class II gaming equipment. This is your chance to to influence the federal regulations on how [...]
The town of Edwardsville has begun the backing away from earlier plans to annex (and tax) of most of Cleburne County. According to the Cleburne News, is moving to dissolve the special districts it used to offer tax incentives and claim control over land development. While outrage from Edwardsville’s citizens may have [...]
According to the Randolph Leader, last Wednesday, the town’s former mayor, was sentenced for misappropriating a wrecked city owned dump truck and a member of the town council was sentenced for enticing a minor for immoral purpose. While the councilman’s sentence may seem light (a plea bargained 5 year split sentence consisting [...]
The Democratic primary for Montgomery County Circuit Judge Place 7 (family court) is quickly becoming a negative ad contest.
Incumbent Patricia Warner is challenged by Kathy Brown, who came out swinging with this ad dedicated to poking holes in Warner’s judicial record:
In response, Warner ran an ad with more favorable statistics about her work on the bench:
Continue reading “Dueling Ads in Montgomery Judicial Race”
Clearing out some book marks, what nots and diversions from the neener-neener phase of primary season.
First of, there is the Stephen Nodine situation in Mobile County. Impeachment proceedings have begun over his misuse of county property, funds, drug abuse and moral turpitude. He has also been indicted for possession of marijuana and [...]
Rolling Stone magazine looks at the deals with big banks that put Jefferson County on the verge of bankruptcy in an article called “Looting Main Street.”
[Wall Street] showed up in droves to help the poor, broke citizens of Jefferson County cut their toilet finance charges using a blizzard of incomprehensible swaps and [...]
And the Bingo plot thickened today after another round of dueling press conferences between Alabama Attorney General Troy King and the Commander of the Governor’s Task Force on Illegal Gambling, John Tyson. Late in the day, a Macon County Circuit Judge weighed in on things and two gaming facilities bingo halls casinos?… um. Well they announced they would reopen.
And we’re off:
As Walt posted below, Troy King convened the press this afternoon to announce his takeover of the Task Force, saying he had “relieved” John Tyson of his position. Read King’s full statement here.
Two hours later, John Tyson convened the press to say: fat chance.
“Mr. King’s press conference today is yet another delaying tactic so gambling interests can keep raking in money which they use to try to frustrate law enforcement.”
He fired five bullet points outlining why he didn’t plan on leaving his post with the Task Force and why King had no power to intervene with cabinet-level agencies. Here’s the first two:
Continue reading “Bingo Battle Balloons into Brouhaha”
A story I’ve followed thru the Cleburne News keeps getting more and more interesting. The town of Edwardsville has annexed large portions of non-contiguous land and created Special Development Districts, which offer the land owner relief from all state and county taxes in return for deeding 1% of the land to [...]
Today’s special election for Birmingham’s fourth mayor in months is being held on a rainy day. Or perhaps the heavens are crying over the whole affair.
WadeonBirmingham has “Last-Minute Thoughts on a Hurry-up Mayoral Election” that is worth checking out for those with interest in the matter.
I’ll be surprised if Patrick Cooper [...]
Speaking of the Birmingham mayor’s race…
Richard Arrington apparently will not find out if the once-formidable Citizens’ Coalition could propel him into the mayor’s office again, telling the Birmingham News that he will not run. Many public figures are not self-aware enough to know when their time has come and gone. Is [...]
Don’t miss Natalie Davis considering the lay of the land after the recent national elections, and she looks ahead to the Birmingham mayor’s race.
She managed to wiggle the post on to the site at the end of the week before the site got completely uncooperative, and I didn’t want you to overlook [...]
Tomorrow at 10 am, Scott Douglas, Executive Director of Greater Birmingham Ministries, will announce his candidacy to be mayor of Birmingham tomorrow at Kelly Ingram Park at the statue of Martin Luther King, Jr.
Interim mayor Carole Smitherman will run. Patrick Cooper, runner-up in the last election, is fast out of the gate [...]
From Dealbook at nytimes.com:
The Securities and Exchange Commission said Wednesday that JPMorgan Chase had agreed to pay $75 million in penalties and forfeit another $647 million in termination fees to settle civil charges that its securities firm had engaged in an “unlawful payment scheme” to win municipal bond business in Jefferson County, [...]
Here’s a bit of an eyebrow raiser…
Jefferson County Commissioner William Bell is strongly considering a run for Congressional District 7, the seat Artur Davis is vacating for his gubernatorial run. Bell is on everyone’s list as a potential candidate in the upcoming special election for mayor in Birmingham, and he may yet [...]