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  • Gene Currier, Volunteer Driver, MTA

    geneBeing a sports fan, Gene was drawn to volunteering as a young man coaching and being a referee on the soccer field. Once he retired from Boeing he moved to Mason County in 2001. After settling into his new home in 2003 Gene was looking for something fulfilling to do in… Read More +

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  • State Senator To Look Into Apparent Port Slowdown

    portseattleA Washington state senator says he will look into the apparent slowdown of cargo moving through West Coast ports. Spokane Republican Michael Baumgartner says Northwest growers of Christmas trees have been particularly hurt as goods have sat on docks in recent weeks. He plans a fact-finding hearing next year to understand… Read More +

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  • Seahawks Close In On NFC West Title

    lynchdec2114Russell Wilson threw for two touchdowns and ran for another, Seattle set a franchise record with 596 yards of offense, and the streaking Seahawks closed in on another NFC West title with a 35-6 romp over the Arizona Cardinals on Sunday night. Seattle moved into a tie with Arizona for first in the NFC West and the Seahawks hold the tiebreaker by virtue of two wins over the Cardinals.

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JPMorgan Chase Eyes Record Settlement

b_250_0_16777215_00_images_obgrabber_2013-09_be48132f9f.jpgPeter Foley/Bloomberg via Getty Images (NEW YORK) -- The massive fallout from the bursting of the housing bubble more than five years ago continues to rumble through the banking system. JPMorgan Chase is in talks to make the largest-ever payment in the history of financial regulation to settle government investigations into its sales of mortgage-backed securities in the years leading up to the financial crisis.

The bonds tanked after the housing bubble burst, and the bank has resisted admitting guilt. Published reports say the huge deal would involve $7 billion in cash to the government and $4 billion in consumer relief for struggling homeowners. The agreement, which could be signed within days, involves multiple government agencies.

The $11 billion payment would be far higher than the initial amount the bank offered to pay the government earlier this week. And it also would be more than double the previous record when BP paid out $4.5 billion following criminal charges related to the Gulf of Mexico oil spill.

When he sued JPMorgan Chase last year, New York Attorney General Eric Schneiderman said the bank had committed “multiple fraudulent and deceptive acts” as it sold mortgage backed securities.

Copyright 2013 ABC News Radio

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wsdot_tacoma
wsdot_tacoma - Collision on NB SR 507 near Second St at mp 36. The right lane is partially blocked.

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waEMD
waEMD - Great interview by @Eric_Holdeman of @ghcdem re: new vertical evacuation building in @EmergencyMgtMag bit.ly/1vhCKux #Tsunami10years

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westgov - Via @GovernorBullock: @UMontana student's high-tech startup could save ranchers time, money ow.ly/G7WOY @InnovateMT

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