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In the last two years, Robert K. Steel has been co-chairman of one commission that claimed heavy-handed regulation was stanching financial innovation and another that argued that hedge funds could police themselves.

Watchdog groups say the companies are trying to derail legislation that would require public disclosure of their giving.

An Illinois woman who says she was raped while working for a contractor in Iraq recounted the experience in a congressional hearing Wednesday.

In a major shift of policy, the Justice Department, once known for taking down giant corporations, including the accounting firm Arthur Andersen, has put off prosecuting more than 50 companies suspected of wrongdoing over the last three years.

The rescue of Bear Stearns faced further scrutiny in Congress on Tuesday as a powerful Democratic lawmaker demanded more information on the selection of BlackRock as investment manager for $30bn in the bank's mortgage assets.

As foreign buyers descend upon the United States, capturing widening swaths of the industrial landscape and putting millions of Americans to work for new owners, these two cities offer sharply competing narratives for a nation still uneasy about being on the selling end of the global economy.

The Bush administration has argued strongly in favor of the doctrine, which holds that the F.D.A. is the only agency with enough expertise to regulate drug makers and that its decisions should not be second-guessed by courts. The Supreme Court is to rule on a case next term that could make pre-emption a legal standard for drug cases. The court already ruled in February that many suits against the makers of medical devices like pacemakers are pre-empted.

There's something peculiar in the report on
financial market regulation issued March 31 by Treasury Secretary Henry
Paulson. The plan, touted by some as a bold expansion of federal
control over capital markets and dismissed by others as a mere

The old American Smelting and Refining Company (Asarco) copper smelter in El Paso, Texas, which has spewed out toxins for over a century, has been granted a new five-year permit. This is despite the fact that it violates international laws by polluting communities on both sides of the U.S.-Mexico border.

As legislation moves through Congress that would empower the F.D.A. to regulate the tobacco industry, Reynolds, whose brands include Camel cigarettes, is attacking what it views as the bill's vulnerability: a weak, overextended F.D.A.