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Oct 1, 2012

NY sues JPMorgan over Bear Stearns mortgage securities: Reuters Selected News -October 1, 2012-.






NEW YORK | Mon Oct 1, 2012 7:51pm EDT
 
(Reuters) - New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase & Co (JPM.N) on Monday over mortgage-backed securities packaged and sold by the former Bear Stearns.

It was the first action to come out of a working group created by President Barack Obama earlier this year to go after wrongdoing that led to the financial crisis.

JPMorgan, which bought Bear Stearns for $2 a share in March 2008, said in a statement it would contest the allegations.

The suit accuses Bear Stearns of failing to ensure the quality of loans underlying residential mortgage-backed securities it packaged and sold in 2006 and 2007. Investors lost more than $22.5 billion on more than 100 of those securities, or one quarter of their original value, the lawsuit said.

The lawsuit alleged there were "serious long-standing concerns" about the quality of reviews done by Bear Stearns and that its due diligence process was compromised "in order to increase their volume of securities."
It also alleged a "systematic abandonment of underwriting guidelines."

In its statement, JPMorgan noted the allegations concern actions by Bear Stearns before the investment bank was acquired by JPMorgan.

"The NYAG civil action relates to Bear Stearns, which we acquired over the course of a weekend at the behest of the U.S. Government. This complaint is entirely about historic conduct by that entity," the statement said.

Schneiderman, a co-chair of the task force, told Reuters on September 20 that his office would take action shortly and that he expected his federal counterparts on the task force to do so as well.

People familiar with the matter said a federal-state announcement was planned for Tuesday and Schneiderman's lawsuit on Monday appears to have irked his federal colleagues. Two federal officials familiar with the investigation said that while the lawsuit was filed under New York state law, much of the investigation was handled at the federal level.

Schneiderman's lawsuit, filed in New York State Supreme Court in Manhattan, was based on the Martin Act, New York's state's powerful securities fraud statute, which does not require proof of intent to deceive.
This is not the first time Bear Stearns has emerged as central figure in the financial crisis. In June 2008, two former Bear Stearns hedge fund managers were charged by federal prosecutors with lying to investors about the financial health of their funds, which had invested heavily in mortgage securities backed by subprime loans.

The managers were acquitted in a case that still stands as one of the few criminal prosecutions against Wall Street bankers to emerge from the financial crisis.

Monday's lawsuit comes in a tumultuous year for JPMorgan and Chief Executive Jaime Dimon. Federal authorities are currently investigating a nearly a $6 billion trading loss in JPMorgan's chief investment loss. Last month, U.S. power regulators asked the bank to demonstrate that it did not violate federal regulations by submitting misleading information and omitting facts in dealings with the regulator and California's electricity grid operator.

The Residential Mortgage-Backed Securities Working Group was formed to probe the pooling and sale of risky mortgages in the run-up to the 2008 financial crisis.

Obama, who is scheduled to debate his Republican rival Mitt Romney on Wednesday night, said in January he was creating the group to "hold accountable those who broke the law" and "help turn the page on an era of recklessness."

The task force includes the Justice Department, the Securities and Exchange Commission, the Department of Housing and Urban Development and the Internal Revenue Service.

The case is People v. J.P. Morgan Securities LLC, 451556/2012 New York state Supreme Court (New York County).
(Reporting by Karen Freifeld.; Additional reporting by Aruna Viswanatha. Editing by Andre Grenon)

Standard and Poor's Latin America Highlights: The Credit Overhang: Liquidity Is The Name Of The Game For Latin American Corporate Issuers -October 1, 2012-.

Standard & Poor's LatinAmerica Highlights


Multimedia

CreditMatters TV
Principales bancos calificados en México bien preparados para crecer
English Version

Primera bursatilización del Infonavit cierra exitosamente su ciclo de vida en México

Capital Markets Update: Tight Mexican Credit Spreads Don't Match Standard & Poor’s Opinion On Credit Risk

Standard & Poor's Revises Its Outlook On The Bahamas

Belize's Partial Coupon Payment Won't Affect Standard & Poor's Ratings

Brazil's Top 10 Local & Regional Governments Hold Up Well But Spending Needs Loom

Not a subscriber to S&P Podcasts? It's easy and free. register here
Latin America Monday Morning Roundup

Top Stories

Presiones crediticias: Liquidez es el nombre del juego para emisores corporativos en América Latina

La estabilidad económica en América Latina desde 2009 no ha sucumbido ante el lento crecimiento global y la volatilidad en los mercados internacionales, que se acentuaron a principios de este año.

English Version

Ajustados spreads crediticios de México no reflejan la calificación soberana de 'BBB'

Las calificaciones crediticias se refieren a la fortaleza crediticia relativa. Los spreads de los bonos se refieren al valor relativo. Y muchas veces —la mayoría, de hecho— las calificaciones y los mercados crediticios se alinean entre sí.

English Version

Índice de RMBS Mexicanos: Desempeño de RMBS mejora tras recuperación económica

En el primer semestre de 2012, las tendencias macroeconómicas en México fueron favorables, por lo que Standard & Poor’s Ratings Services estima que el crecimiento del PIB de México se ubique en 3.5%-4.0% para todo el año, nivel superior al esperado al principio del mismo.

The Road Is Clear For Brazilian Car Rental Companies

The recent cooling of Brazil's economic expansion hasn't stalled performance in the rental car market. The rapid growth in Brazil's economy between 2004 and 2011 enabled the rental car market to more than double, to R$5.67 billion from R$2.68 billion (a 111.6% increase).

Default, Transition, and Recovery: Brazil-Based Bank Liquidation Raises The Global Corporate Default Tally To 57 Issuers

Standard & Poor's Ratings Services lowered its global scale ratings on Brazil-based Banco Cruzeiro do Sul S.A. to 'D' from 'CC/C' on Sept. 14, 2012, after the Central Bank of Brazil ordered the bank's liquidation.

Industry Report Card: Global Auto And Truck Makers' Paths Diverge On Varying Regional Prospects

Auto and truck manufacturers worldwide are navigating a wide variety of conditions, including weak markets in Europe, recovering markets in the U.S. and Japan, and global economic uncertainty.

Rating News

Argentina

Unsolicited Ratings On The Republic Of Argentina Affirmed At 'B', Outlook Remains Negative

Recent government policies could increase risks in Argentina's macroeconomic framework, squeeze its external liquidity, and hinder medium-term growth prospects, in our view.

Standard & Poor's asigna calificaciones a John Deere Credit Compañía Financiera S.A.

Buenos Aires, 20 de septiembre de 2012.- Standard & Poor’s asignó calificación institucional de largo y corto plazo en escala nacional de ‘raAA’ y ‘raA-1+’, respectivamente, a John Deere Credit Compañía Financiera S.A.

Standard & Poor's asigna calificación 'raAc (Nuevo)' al fondo Consultatio Renta Local F.C.I.

Buenos Aires, 20 de septiembre de 2012 – Standard & Poor’s asignó la calificación ‘raAc (Nuevo)’ al fondo Consultatio Renta Local F.C.I. administrado por Consultatio Asset Management S.G.F.C.I y que cuenta con el Banco de Valores S.A. como sociedad depositaria.

S&P afirma calificaciones de 'B' de CLISA-Compañía Latinoamericana de Infraestructura & Servicios S.A.; la tendencia es negativa

Buenos Aires, 21 de septiembre de 2012.- Standard & Poor’s Ratings Services afirmó sus calificaciones de ‘B’ de CLISA-Compañía Latinoamericana de Infraestructura & Servicios S.A. (Clisa).

English Version

Bahamas

The Bahamas Outlook Revised To Negative On Deteriorating Fiscal Profile; 'BBB/A-2' Ratings Affirmed

Continued deterioration in The Bahamas' fiscal stance during the fiscal year ended June 2012 reflects cost overruns in capital expenditures as well as subdued revenue growth. We are revising our outlook on The Bahamas to negative from stable.

Brazil

FAQ de Crédito: Como ficaria a qualidade de crédito da Vale com os preços do minério de ferro abaixo de US$100/ton?

Os preços de minério de ferro caíram 30% desde julho para menos de US$90 por tonelada e após pequena recuperação estão na faixa de US$100-US$110 a tonelada, já seguindo o fato de que as empresas mineradoras apresentaram fracos resultados na primeira...

English Version

Ratings da Tractebel Energia S.A. elevados para 'brAAA'; Perspectiva Estável

A Tractebel Energia S.A. continua a se beneficiar de geração de fluxo de caixa e métricas de crédito fortes, que lhe proporcionam folga para prosseguir com a possível compra do projeto de geração de energia de Jirau em 2013.

Standard & Poor's atribui classificação 'AMP-3' (Boa) à Riviera Gestora de Recursos Ltda.

São Paulo, 27 de setembro de 2012 – A Standard & Poor’s Ratings Services atribuiu hoje a classificação ‘AMP-3’ (Boa) à Riviera Gestora de Recursos Ltda. (“Riviera”).

Chile

S&P afirma clasificación de 'BBB' de Empresas Copec S.A. pese a desempeño débil de subsidiaria forestal; la tendencia es estable

México, D.F., 21 de septiembre de 2012.- Standard & Poor's Rating Services afirmó su clasificación de 'BBB' del conglomerado industrial chileno Empresas Copec S.A. (E-Copec).

English Version

Standard & Poor's revisa a negativa tendencia de Arauco; afirma clasificaciones de 'BBB'

Sao Paulo, 17 de septiembre de 2012.- Standard & Poor's Ratings Services revisó su tendencia a negativa de estable de Celulosa Arauco y Constitución S.A. (Arauco).

English Version

Summary: Banco del Estado de Chile

Full ownership by the solvent Chilean government; Strong business position as the third-largest bank in Chile; Above-average and diversified funding, given its access to a large and stable deposit base; and Operation in the low-risk Chilean environme...

Sociedad Concesionaria Vespucio Norte Express 'BB' Underlying Rating Affirmed On Brookfield's Bid For Remaining Stake

Brookfield is seeking to acquire from Hochtief the remaining 45.45% stake in Chilean toll road operator VNE. We are affirming our 'BB' underlying rating on VNE.

Colombia

Summary: Cardif Colombia Seguros Generales S.A.

The ratings on Cardif Colombia Seguros Generales S.A. are based on its management experience, the support from its parent, expertise in the bancassurance business model (i.e. an insurance company that distributes its products through banks), a growth...

Mexico

Standard & Poor's confirma calificaciones de Banamex; la perspectiva es estable

Las calificaciones de Banamex reflejan nuestra opinión respecto a su ‘sólida’ posición de negocio, ‘fuerte’ capital y utilidades, ‘adecuada’ posición de riesgo, y su fondeo ‘promedio’ y liquidez ‘adecuada’, de acuerdo con las definiciones de nuestros criterios.

Standard & Poor's confirma calificaciones de Scotiabank Inverlat; la perspectiva es estable

México, D.F., 17 de septiembre de 2012.- Standard & Poor’s Ratings Services confirmó hoy sus calificaciones de crédito de contraparte de largo y corto plazo en escala global de ‘BBB’ y ‘A-2’, respectivamente, de Scotiabank Inverlat S.A. (Scotiabank).

Standard & Poor's confirma calificaciones de 'mxAAA' y 'mxA-1+' del Fovissste; la perspectiva es estable

México, D.F., 27 de septiembre de 2012.- Standard & Poor’s confirmó hoy las calificaciones de crédito de contraparte en escala nacional –CaVal– de largo plazo de ‘mxAAA’ y de corto plazo de ‘mxA-1+’ del Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (Fovissste).

Standard & Poor's revisa perspectiva del Estado de Nuevo León a negativa de estable; confirma calificación de 'mxA'

México, D.F., 27 de septiembre de 2012.- Standard & Poor's confirmó hoy su calificación de riesgo crediticio en escala nacional –CaVal– de 'mxA' del Estado de Nuevo León, México, y revisó su perspectiva a negativa de estable.

Panama

ENA Norte Trust's $600 Million Senior Secured Notes Rated 'BBB'; Outlook Stable

The government of Panama, through Empresa Nacional de Autopistas (ENA) will acquire the concession of toll road Corredor Norte from PYCSA Panama S.A. ENA Norte Trust, ENA's special purpose vehicle, will issue $600 million backed by the collection rig...

ENA Sur Trust $170 Million Senior Secured Class A Notes Rating Raised To 'BBB' From 'BBB-'; Outlook Stable

Panamanian toll road Corredor Sur's higher-than-expected traffic and revenues resulted in a strong cash flow generation. We are raising our rating on ENA Sur Trust's $170 million 5.75% fixed-rate senior secured class A notes due 2025 to 'BBB' from 'B...

Standard & Poor's confirma calificaciones de Banco Latinoamericano de Comercio Exterior; la perspectiva es estable

México, D.F., 25 de septiembre de 2012.- Standard & Poor’s Ratings Services confirmó hoy sus calificaciones crediticias globales de emisor de largo plazo de ‘BBB’ y de corto plazo de ‘A-2’ del Banco Latinoamericano de Comercio Exterior S.A. (BLX).

Summary: Panama Canal Railway

Standard & Poor's Ratings Services' ratings on Panama Canal Railway Co. (PCRC) reflect the company's "weak" (as our criteria define the term) business profile and its "aggressive" financial profile.

Paraguay

Standard & Poor's confirma calificaciones de BBVA Paraguay; la perspectiva es estable

México, D.F., 14 de septiembre de 2012.- Standard & Poor's Ratings Services confirmó sus calificaciones de largo plazo de 'BB-' y de corto plazo de 'B' de Banco Bilbao Vizcaya Argentaria Paraguay S.A. (BBVA Paraguay).

Summary: Vision Banco S.A.E.C.A.

Strong liquidity and stable funding profile; Leading market position in microfinance; and Sound management track record and good understanding of its lending segment.

Peru

Análisis Detallado: Banco de Crédito del Perú

Las calificaciones de crédito de contraparte de BCP siguen reflejando nuestra opinión de su ‘sólida’ posición de negocio, ‘adecuada’ posición de riesgo y capital y utilidades, su fondeo ‘promedio’ y liquidez ‘adecuada’, de acuerdo con la ...

Calificacion Soberana: República de Perú

Las calificaciones de la República del Perú reflejan nuestra expectativa de que la continuidad de la política fiscal y monetaria bajo el gobierno de Ollanta Humala respaldará la flexibilidad de las políticas económicas y el crecimiento.

Uruguay

Standard & Poor's afirma calificaciones de 'BB' de ANCAP pese a desempeño financiero más débil; la tendencia es estable

La afirmación de las calificaciones de ANCAP sigue a nuestra revisión anual de la empresa y considera nuestra opinión de que, a pesar del débil desempeño financiero mostrado recientemente, su buena flexibilidad financiera (reforzada por...

English Version

Diario el Comercio: Sudamérica y países árabes buscan nueva etapa en relaciones en la Cumbre ASPA | South American and Arab countries seeking new stage in relations ASPA Summit

Money Show Investors Daily Alert -October 1, 2012-: New Opportunities in Total Return,


Investors Daily Alert
The Daily Guru
Jim Jubak on MoneyShow.com
Today's Top Pros' Top Picks
Today's Gurus' Views & Strategies
The War on Cancer Reboots, Alex Philippidis
Today's Charts in Play
MoneyShow.com Exclusive Interviews
Investor Clinic
Ideas from Around the World
Today's Featured Videos & Exclusive Interviews
A Holy Grail Opportunity?, John Buckingham

GATA | THE GATA DISPATCH -October 1, 2012-: Ron Paul: Gold is good money so let it compete

Ron Paul: Gold is good money so let it compete

3:21p ET Monday, October 1, 2012

U.S. Rep. Ron Paul today explains (again) why gold is good money and why his legislation to facilitate competition in currencies is necessary to defend the people against the government.

"Earlier during this Congress," Paul writes, "I introduced the Free Competition in Currency Act (H.R. 1098) to permit people to use gold as money again. By eliminating taxes on gold and other precious metals and repealing legal tender laws, people are given the option between using good money or fiat money. If the government persists in debasing the dollar -- as money monopolists have always done -- then the people would be able to protect themselves by using alternatives such as gold that are both sound and stable."
Paul's commentary is headlined "Gold Is Good Money" and it's posted at the congressional Internet site here:

http://paul.house.gov/index.php?option=com_content&view=article&id=2016:...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Business in Vancouver | BIV Today's Business News -October 1, 2012-: City provides budget outlook



Economy and Finance

Vancouver City Hall

City provides budget outlook

The City of Vancouver last week provided a glimpse of what its 2013 budget is likely to look like.

Politics and Policy

   

Final decision made on Marpole Midden project

The B.C. government has made a final decision on two permits issued under the Heritage Conservation Act for the Marpole Midden site in the 1300 block of Southwest Marine Drive.
 

Aboutface on LDB privatization

In a surprise Friday announcement, the B.C. government put a cork in the controversial move to privatize liquor warehousing and distribution.

Small Business

 

Small Business BC's free seminars support entrepreneurs

In celebration of Small Business Month, Small Business BC is hosting a series of free seminars to encourage entrepreneurial education.

Film and Entertainment

 

Arts organizations to share new amenity

Bard on the Beach, the Arts Club Theatre Co. and Pacific Theatre are completing feasibility studies and plan to negotiate with the City of Vancouver to lease a 45,000-square-foot space at 160 West First Avenue.

   

Wine festival proceeds to flow to Bard on the Beach

Bard on the Beach will get a boost to its fortunes next year thanks to the Vancouver International Wine Festival's announcement that its proceeds starting in 2013 will flow to the Shakespearean festival staged each summer at Vanier Park.

Getting the most out of biv.com

Attention all subscribers! To get the most out of biv.com and the stories on BIV Today, please ensure you are logged in to biv.com. The feature “stay signed in” is available from the log-in page.
 

DealBook Afternoon Edition October 1, 2012-: Law Firms Retool Strategies to Land Internet Start-Ups




Monday, October 1, 2012
TOP STORY
Law Firms Retool Strategies to Land Internet Start-Ups In an effort to build credibility among new technology companies, law firms like Wilson Sonsini are employing a broad set of tools, including free services and blogs.
  • DEALBOOK »
  •  
  • DEALBOOK HIGHLIGHTS
    White Collar Watch: In Goldman Programmer Case, a Way Around Double Jeopardy Peter J. Henning says that there is a significant loophole in the double jeopardy clause - known as the "dual sovereignty" doctrine - that permits different governments to pursue the same case.
    Another View: When 'Expert Advice' Can Lead to Legal Trouble Michael W. Peregrine, a partner at the law firm McDermott Will & Emery, says that "the lawyers have signed off on the deal" or "the accountants are supporting our tax position" may seem like a reasonable defense, but it must accurately reflect professional advice that directors can rely on in good faith.
    The J. Aron Takeover of Goldman Sachs When Goldman Sachs bought the commodities broker J. Aron & Company in 1981, the cultures clashed, but now J. Aron alumni control the elevator to the executive suite.
    The Bullish Case for Goldman Sachs Shares of Goldman Sachs rose as much as 4 percent in trading on Monday morning, as investors considered a bullish argument for the firm that appeared in Barron's this weekend.
    3M to Buy Ceradyne for $860 Million Ceradyne shareholders will receive $35 a share in cash through a tender offer that is expected to begin within the next two weeks, a 43 percent premium to the ceramics maker's closing price on Friday.
    Workday Sets Price Range for I.P.O. Workday, a provider of cloud-based applications for human resources, said on Monday that it would seek to price its initial public offering at $21 to $24 a share.
    Softbank of Japan to Buy Rival eAccess for $2.3 Billion Softbank of Japan will buy a smaller rival, eAccess, for about $2.3 billion in stock, as it seeks to bulk up its market share in the face of intensifying competition, particularly for the Apple iPhone.
    K.K.R. to Buy Oil Services Firm Acteon Group The private equity giant Kohlberg Kravis Roberts has agreed to buy a majority stake in the British oil and natural gas services company Acteon Group. The deal is valued at up to $1.4 billion, according to a person with direct knowledge of the matter.
    Australian Miner Arrium Rejects $1 Billion Bid by Noble Group and Posco The Australian iron ore miner and steel maker Arrium described the takeover approach from a consortium led by the Noble Group and the South Korean steel maker Posco as opportunistic, dismissing it as undervaluing the company.
    Buzz Tracker
    Rubenstein Goes Back to College The Carlyle Group co-founder David M. Rubenstein spoke on Friday at Duke University, his alma mater. "I was not a great academic star; a student government leader; a fraternity officer - I was never even invited to join a fraternity," Mr. Rubenstein said, adding, "I managed to be cut from an intramural basketball team with only four other players on the team."
    Welcoming the Newest, and Littlest, Yahoo Marissa Mayer has presided over an expansion of the Yahoo team, of sorts: the company's chief executive gave birth to a boy on Sunday night, according to a Twitter message from her husband. (She reposted the note from her own Twitter account.) "Mom (@marissamayer) and baby are doing great–we couldn't be more excited!" her husband, the investor Zachary Bogue, wrote. A Yahoo spokeswoman confirmed the news, adding that a name had not yet been picked.
    Billionaires vs. Obama Leon Cooperman, the billionaire founder of Omega Advisors, is among the Wall Street leaders who are disappointed with how President Obama has treated wealthy Americans. But Chrystia Freeland writes in The New Yorker, "The growing antagonism of the super-wealthy toward Obama can seem mystifying, since Obama has served the rich quite well."
    Crédit Agricole Starts Talks to Sell Its Greek Unit The big French bank said Monday it had begun exclusive talks to sell Emporiki to Alpha Bank for a symbolic one euro, David Jolly reported for The New York Times. Crédit Agricole, which has the largest exposure of any European lender to the troubled Greek financial sector, is trying to reduce the possible damage if Greece were to leave the euro.
    LOOKING AHEAD
    In the United States On Tuesday, automakers will report their North American sales for September, and the Securities and Exchange Commission will hold a daylong discussion on how to promote stability in markets that rely on highly automated systems.
    Overseas On Tuesday through Friday, Ceatec Japan, a consumer electronics convention, will take place in Tokyo.
    DealBook Video
    Business Day Live: A Merger in Mining Is on Track
    Business Day Live: A Merger in Mining Is on Track A look at Glencore's takeover of Xstrata, the merger shaking the commodities world. | Value reigns at the Paris Motor Show. | Oracle's Mark V. Hurd on investing in data.


     

NYT Politics -October 1, 2012-: Whistle-Blower Lawyers Throw Support Behind Obama

The New York Times

October 1, 2012

Politics


Whistle-Blower Lawyers Throw Support Behind Obama

Attorneys who represent whistle-blowers have made millions as the Obama administration cracks down on corporate fraud, and are now donating heavily to the president's re-election campaign.
The Caucus

Candidates Head Into Debate Week on the Attack

The campaigns are hoping to lay the groundwork for an aggressive debate on Wednesday, the first between President Obama and Mitt Romney.

More Politics

Heidi Heitkamp, the Democratic Senate candidate in North Dakota, visited Perry Benton of Minot while campaigning last week.

'North Dakota Nice' Plays Well in Senate Race

Heidi Heitkamp, a Democrat running for the Senate, is well liked in this conservative state, making the contest a real fight.
OCT. 13, 2004 Senator John Kerry and President George W. Bush after their final debate, in Tempe, Ariz. Mr. Kerry's strong debate performance was not enough to win.
Political Memo

Debates Can Shift a Race's Outcome, but It's Not Easy

History shows that candidates have different ways to score in presidential debates and change voters' minds, but only twice have debates appeared to alter the election's result.

As Candidates Drill for Debates, More Jousting on Libya

President Obama and Mitt Romney prepared for their debate, with the Obama administration fending off questions about its handling of the Benghazi attack.

Payroll Tax Cut Is Unlikely to Survive Into Next Year

A tax break for 160 million wage earners, pushed last winter by the White House, now finds little support in Washington, as Congress struggles with deficits and turns its attention to the Bush-era income tax cuts.

Flooding the Dance Floor With Political Pitches

The ABC competition show "Dancing With the Stars" is a favorite among political media buyers as they seek out certain constituencies.
Jane Edith Wilson, an actress, was able to convince politicians like Mitt Romney during the Republican presidential primaries that she was a conservative worried about the direction of the country.

A Mockumentary Pulls In Real Players

Jane Edith Wilson, an actress, managed to secure a 10-minute talk with Michele Bachmann, and a hug from Mitt Romney.

The Caucus

Now Entering the Month of Surprise

As President Obama and Mitt Romney make their final appeals to voters, it remains to be seen whether October will offer an unexpected pivotal moment as in past campaigns.

Aurora Victim Pushes Gun Issue With New Ad

A victim in the Colorado massacre used a new ad to push the issue of gun control.

Poll Shows Obama and Romney Close in Iowa

A new poll in Iowa showed a tight race in the closely contested swing state.

Ryan Sees 'Media Bias' in Campaign Coverage

Paul D. Ryan acknowledges missteps by the Republican ticket, but also suggests media bias is having an impact on the race.
ADVERTISEMENT

Election 2012 iPhone App

A one-stop destination for the latest political news, from The Times and other top sources around the Web. Plus opinion, polls, campaign data and video.
FiveThirtyEight
'New' Vermont Is Liberal, but 'Old' Vermont Is Still There
A migration of urban Northeastern professionals to Vermont in the 1960s and '70s helped flip the state to Democratic from Republican in recent national elections.
The Media Equation
Tired Cries of Bias Don't Help Romney
The mainstream media are frequently faulted as biased against conservative causes. But it seems a dubious notion when the ownership of the megaphone is increasingly up for grabs.
Bar
Health Care Case Is Seen as Helping Law but Hurting Court
The Supreme Court bolstered public support for President Obama's health care law while hurting its own reputation, a circumstance that the study said put it "in a public opinion class by itself."

Multimedia

Photographs: The 2012 Presidential Campaign, Week by Week
Every week during the 2012 presidential campaign, The Times will be posting a new slide show recapping the events of the past seven days.
Graphic: State of the Race for the Senate
Updated analysis by The New York Times and details on the six races considered tossups.