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Shelton, WA

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  • Shelton Resident Graduates from FEMA’s EMI

    burbridge gradChief Bob Burbridge, Mason Fire District #4, graduated from the Federal Emergency Management Agency’s (FEMA) National Emergency Management Basic Academy at the Emergency Management Institute (EMI) on September 18, 2014. EMI has created the National Emergency Basic Academy to produce… Read More +

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  • Seattle Sends Warning Letters To Medical Pot Shops

    MJ med3The city of Seattle is warning its more than 300 medical marijuana businesses that their days could be numbered. Officials this week have sent letters to 330 medical marijuana growers, processors and dispensaries reminding them they need to either shut… Read More +

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  • Baldwin Optimistic About Seahawks Moving Forward

    baldwinDoug Baldwin was about to board the charter bus last Friday when he got word Seattle had traded Percy Harvin. Two days later, he sat in a St. Louis locker room after one of the best games in his career answering questions about whether he was involved in a preseason scuffle with Harvin. Baldwin and the Seahawks are ready to put the Harvin conversation in the past.

    Read More
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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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Smedindy
Smedindy - Just filled out my ballot and will get it to the drop box tomorrow AM. Thank goodness WA knows the best way to vote. #MailedIt

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wsdot_tacoma - Cleared: Collision on I-5 SB near Port Of Tacoma Rd at mp 136

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wsdot_tacoma - Cleared: Collision on I-5 NB near I 705-SR 7-Pacific Ave at mp 134

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