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NEW YORK Reuters – New York Governor David Paterson warned on Wednesday that if state

Posted on 16 June 2010

NEW YORK (Reuters) – New York Governor David Paterson warned on Wednesday that if state senators go home without enacting bills, he would seek a court order to let him Barack Obamatell state troopers to round them up.”That very well might happen,” the Democratic governor told Albany reporters, adding he also would order the senators’ pay to be withheld from June 8 on, and block the $160 they are paid for each day they are in session.Paterson’s threats were just another twist in a dizzying series of battles over the leadership of the state Senate, which has already featured lawsuits, lockouts, shouting matches, and rival simultaneous sessions in the same chamber.Cities, towns and counties all need the Legislature to enact routine bills that let them keep collecting taxes, for example. Also at stake is pending legislation on gay marriage, which most New Yorkers support and which already is legal in Massachusetts, Connecticut and Iowa.New York State Comptroller Thomas DiNapoli warned that “chaos in the Senate” could cost local governments $750 million in lost revenues — a sum that does not include New York City.Mayor Michael Bloomberg, an independent who is seeking a third term, needs the state to approve a sales-tax hike as well as his continued direct control of the city’s school system, the nation’s largest, with more than 1 million pupils.Paterson did not say how he would take back the pay of senators who already have been paid since June 8, which was the day the Republicans launched a coup d’etat after winning over two Democrats. NEW YORK/WASHINGTON (Reuters) – The Federal Reserve on Wednesday held interest rates near zero and sounded a cautious note on the economy, despite some hopes that the worst of the global economic downturn may soon be over Japan  |  EconomyThe U.S. central bank, concluding a two-day meeting, said it would hold overnight rates in a range between zero to 0.25 percent and gave no hint of an imminent exit from its easy monetary policy.The Dow Jones industrial average .DJI stock index fell on the news as the Fed’s caution that the economy would remain weak for some time dampened hopes for a faster rebound.”Most importantly, despite the signs of some modest improvement in current conditions, the (Fed) continues to indicate that economic activity is likely to remain weak for a time,” said Morgan Stanley economist David Greenlaw.The Fed’s announcement comes amid mixed signals for the global economy.Earlier on Wednesday, U.S. data showed an unexpected jump in orders for durable manufactured goods, while an OECD report said that prospects for economic recovery next year have improved for the first time in two years.The Fed cut rates to near zero late last year to counter financial market turmoil and to try to pull the economy out of a deep recession.

It has also been driving down borrowing costs by buying both government bonds and mortgage-related debt.Economists said the Fed’s cautious remarks on Wednesday may mean rates will be on hold until well into 2010. The dollar rose against the euro and yen after the Fed’s decision.MIXED PICTUREMixed economic indicators have also been keeping global investors guessing about the markets’ direction.Earlier data showed new orders for long-lasting U.S. manufactured goods rose unexpectedly by 1.8 percent in May, surprising analysts who had expected a fall of 0.6 percent.A separate report showed that U.S. mortgage applications climbed last week from a seven-month low, adding to hopes that the three-year housing market collapse may be abating.But another set of U.S. Against the yen, the dollar was up 0.4 percent at 95.55 yen on electronic trading platform EBS.The euro-zone currency had earlier come under pressure after the ECB allotted a higher-than-expected 442 billion euros ($613 billion) in funds at a flat rate of 1 percent.Central banks around the world have been trying to restore order in money markets and reduce borrowing costs for banks, firms and consumers.The pan-European FTSEurofirst .FTEU3 rose after the ECB tender results, and was up 2.4 percent.The MSCI world equity index .MIWD00000PUS was up 1.5 percent after hitting its lowest since May 18 on Tuesday.Japan’s Nikkei average .N225 rose 0.43 percent, although government data suggested a recovery for the export-dependent economy could be slow and erratic. The value of Japanese exports tumbled 40.9 percent in May from a year earlier, worse than the 39.1 percent markets had expected. Japan Economy. Internet Radio Talk Show Host Hal Turner Arrested for Threatening ThreeFederal Appeals Court Judges in Chicago Over Recent Decision Upholding HandgunBansCHICAGO, June 24 /PRNewswire-USNewswire/ — Hal Turner, an intermittentInternet radio talk show host and blogger, was arrested today by FBI agents athis home in North Bergen, N.J., on a federal complaint filed in Chicagoalleging that he made Internet postings threatening to assault and murderthree federal appeals court judges in Chicago in retaliation for their recentruling upholding handgun bans in Chicago and a suburb.Internet postings on June 2 and 3 proclaimed “outrage” over the June 2, 2009,handgun decision by Chief Judge Frank Easterbrook and Judges Richard Posnerand William Bauer, of the Chicago-based 7th U.S.

Circuit Court of Appeals,further stating, among other things: “Let me be the first to say this plainly:These Judges deserve to be killed.” The postings included photographs, phonenumbers, work address and room numbers of these judges, along with a photo ofthe building in which they work and a map of its location.Turner, 47, of North Bergen, N.J., was arrested this morning after FBI agentswent to his residence to execute a search warrant. He was charged withthreatening to assault and murder three federal judges with intent toretaliate against them for performing official duties in a criminal complaintfiled today in U.S District Court in Chicago. He is scheduled to have aninitial court appearance at 12:30 p.m tomorrow (Thursday) before U.S.Magistrate Judge Michael A Shipp in U.S District Court in Newark “We take threats to federal judges very seriously. Period,” said Patrick J.Fitzgerald, United States Attorney for the Northern District of Illinois, whoannounced the charges with Robert D. Grant, Special Agent-in-Charge of theChicago Office of the Federal Bureau of Investigation. The United StatesAttorney’s Office for the District of New Jersey and the FBI Office in Newarkare providing local assistance. According to the complaint affidavit, several lawsuits were filed challenginghandgun bans in Chicago and suburban Oak Park after the U.S.

Supreme Courtruled in 2008 that the Second Amendment entitles handguns at home forself-protection. On June 2, 2009, the 7th Circuit issued an opinion inNational Rifle Association v Chicago, Nos. 08-4241, 08-4243 & 08-4244,affirming a district court’s decision to dismiss the cases challenging thelocal handgun bans. The unanimous decision was written by Chief JudgeEasterbrook and joined by Judges Posner and Bauer. On June 8, 2009, law enforcement agents were directed to postings on a website.

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