White House Endorses Senate Regulation Bill

THE WHITE HOUSE HAS ENDORSED FINANCIAL REGULATION LEGISLATION PENDING IN THE SENATE. THE ADMINISTRATION’S STATEMENT CAME JUST BEFORE SENATORS WERE TO CAST VOTES ON WHETHER TO BEGIN DEBATE ON THE BILL. THE WHITE HOUSE-BACKED LEGISLATION WOULD SET UP A RISK COUNCIL TO LOOK FOR DANGERS IN THE FINANCIAL SYSTEM. IT ALSO WOULD POLICE LENDING AND SET UP A SYSTEM TO LIQUIDATE FIRMS THAT ARE TOO LARGE AND INTERCONNECTED TO DISMANTLE THROUGH BANKRUPTCY. THE WHITE HOUSE ALSO ENDORSED RESTRICTIONS ON DERIVATIVESM, BLAMED FOR PRECIPITATING THE 2008 FIANCIAL CRISIS.

Mexico Slams Arizona’s Immigrant law

THE FALLOUT FROM ARIZONA’S NEW ANTI-ILLEGAL-IMMIGRANT LAW IS SPREADING ACROSS THE BORDER. MEXICO’S PRESIDENT SAYS THE LAW IS DISCRIMINATORY –AND HE WARNS THAT RELATIONS WITH ARIZONA WILL SUFFER. THE LAW — SET TO TAKE EFFECT THIS SUMMER — REQUIRES POLICE TO ASK PEOPLE ABOUT THEIR IMMIGRATION STATUS IF THERE’S REASON TO BELIEVE THEY’RE IN THE COUNTRY ILLEGALLY.

Suspect Talks In Death Of White Supremacist

AN AFRICAN AMERICAN MAN ACCUSED OF STABBING AN OUTSPOKEN WHITE SUPREMACIST TO DEATH SAYS HE DIDN’T KNOW ABOUT THE MAN’S RACIST VIEWS BEFORE THE KILLING IN MISSISSIPPI. VINCENT McGEE SAYS THAT HE LEARNED LATER THAT RICHARD BARRETT WAS A RACIST LEADER. McGEE IS CHARGED WITH MURDER. POLICE HAVE NOT RELEASED A MOTIVE IN THE KILLING. BARRETT TRAVELED THE COUNTRY PROMOTING SEGREGATIONIST VIEWS AND RAN A SCHOOL FOR SKINHEADS IN MISSISSIPPI.

White Robber Disguises Himself As Black Man

A WHITE MAN CHARGED IN CONNECTION WITH 6 ROBBERIES IN THE CINCINNATI, OHIO AREA USED A FULL AFRICAN AMERICAN HEAD MASK DISGUISE DURING THE CRIMES. THE MAN WAS ARRESTED AFTER POLICE SERVED A WARRANT AT AN AREA HOTEL. THE SUSPECT IS CHARGED WITH 6 COUNTS OF AGGRAVATED ROBBERY — INCLUDING FIVE ROBBERIES THAT OCCURRED IN ONE DAY. ACCORDING TO COURT DOCUMENTS, POLICE FOUND EVIDENCE LINKING THE SUSPECT TO THE ROBBERIES — INCLUDING CASH THAT MATCHED THE SERIAL NUMBERS OF BILLS STOLEN FROM THE BANKS AND AN AFRICAN AMERICAN FULL HEAD MASK AND CLOTHING THAT MATCHED THE SUSPECT DESCRIPTION.

Yankees Visit White House

PRESIDENT BARACK OBAMA CELEBRATED THE WORLD CHAMPION NEW YORK YANKEES FOR THEIR HEROICS AND CHARACTER. HE ALSO BEMOANED THAT HIS FAVORITE TEAM — THE CHICAGO WHITE SOX — COULDN’T MATCH NEW YORK’S REMARKABLE RECORD OF SUCCESS. IN A JAM-PACKED CERMONY IN THE EAST ROOM, THE PRESIDENT POINTED OUT THAT THE LAST TIME THE YANKS — WINNERS OF 27 TITLES — WERE TOASTED AT THE WHITE HOUSE WAS 2001. THE WHITE HOUSE VISIT WAS THE 5th FOR THE YANKEES CORE FOUR — DEREK JETER; MARIANO RIVERA; ANDY PETTITTE; AND JORGE (hor-hay) POSADA — WHO HAVE A HANDFUL OF CHAMPIONSHIP RINGS.