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  • 2014 General Election Results Certified

    VOTEFinal Certification in Mason County. Each county certifies results on November 25, 2014. The Secretary of State certifies final results by December 4, 2014.The results posted before certification are unofficial. Voter turnout in Mason County was 59.5%. A total of 20,903 ballots were counted.… Read More +

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  • October Unemployment Rates Released

    UnemployByCountyOct2014Unemployment in Washington State ticked up to 6.0% in October from a rate of 5.7% the month prior. The federal unemployment rate crept down to 5.8%. Thurston County reported a modest 6.3% unemployment rate, which was notably lower than most neighboring counties, including 9.4% in Pacific… Read More +

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  • Huskies Prep For Apple Cup Vs. Washington St

    applecup2014Washington coach Chris Petersen had barely sat down Monday when he started getting peppered with questions about coaching in his first Apple Cup. Petersen at least wanted a moment to recognize what the Huskies accomplished over the weekend, becoming bowl eligible and taking some of the stress out of his first matchup with Washington State.

    Read More
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JPMorgan Chase Faces $2B Madoff Penalty

b_250_0_16777215_00_images_obgrabber_2014-01_285e88d914.jpgScott Eells/Bloomberg via Getty Images (NEW YORK) -- JPMorgan Chase is close to making another big payout to federal regulators. This time, the alleged wrongdoing involves what the bank didn’t tell investors after receiving warnings that Bernard Madoff’s money management business was a fraud. The latest settlement would mean the biggest U.S. bank has paid about $20 billion to settle government investigations and lawsuits in the past 12 months.

According to published reports, an announcement is likely this week.  JPMorgan Chase would pay about $2 billion in penalties related to Madoff and most of the money will go to his victims.

The New York Times says the Madoff settlement “would also involve a so-called deferred prosecution agreement, a criminal action that would essentially suspend an indictment as long as JPMorgan acknowledged the facts of the government’s case and changed its behavior.” 

That kind of agreement is very unusual for a big bank.

Copyright 2014 ABC News Radio

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