Latest Richard Baker Stories

2009-03-06 10:09:17

Investment funds have reacted positively to a federal plan to entice them to buy revolving debt securities, a leading trade association said. Our members have significant interest, in the program known as the Term Asset-Backed Securities Loan Facility, said Richard Baker, president of the Managed Funds Association, The Washington Post reported Friday. Pension funds have also shown an interest in the program but as many of these are banned from borrowing funds for investments, their future in...

2008-10-07 18:00:00

By LAURA SHARPE THE headteacher of closure threatened Croxteth Community Comprehensive has vowed that every possible step will be taken to keep the school open. Richard Baker made the pledge as he joined Phil Knibb, chair of governors, and Croxteth councillor Rose Bailey, in criticising last Wednesday's shock closure announcement. They said the proposed plan was a bombshell for the school and a death knell for the community. They now aim to take their fight to the Government and...

2006-01-25 16:01:56

By Kristin Roberts WASHINGTON (Reuters) - The White House on Wednesday opposed a plan from a Louisiana Republican to create a federal agency to buy homes destroyed by recent Gulf Coast hurricanes, saying grants to state governments were a better approach. The Bush administration said it was concerned about creating an outside entity to funnel federal money into housing redevelopment, and instead allocated $11.5 billion in previously approved funds to states hurt by the 2005 storms....

2005-12-15 16:30:39

WASHINGTON (Reuters) - A U.S. House committee on Thursday approved a bill to create a corporation that would buy and redevelop tracts of land devastated by recent Gulf Coast hurricanes, helping property owners in Louisiana avoid massive defaults on home and business loans. The bill would redirect more than $17 billion in previously approved funds to pay for rebuilding in Louisiana, including $13 billion in Community Development Block Grant money. The bill passed with broad bipartisan...

2005-11-14 22:56:00

By Kristin Roberts WASHINGTON (Reuters) - A key lawmaker launched a bill on Monday to extend a program of government guarantees for losses from terrorist attacks, while Republican sources said leading senators may have struck a separate deal on an extension. The House bill from Louisiana Republican Rep. Richard Baker would extend the Terrorism Risk Insurance Act (TRIA) for two years while narrowing the coverage and reducing taxpayers' potential liability. Without an extension, the...

2005-10-20 18:43:37

WASHINGTON (Reuters) - Legislation introduced on Thursday in the U.S. House of Representatives would help financial institutions and property owners avoid massive defaults on home and business loans in New Orleans and other parts of Louisiana devastated by Hurricanes Katrina and Rita. Rep. Richard Baker, a Louisiana Republican who is a senior member of the House Financial Services Committee, said his bill would create a Louisiana Recovery Corporation that would take over destroyed...

2005-07-27 16:33:36

WASHINGTON (Reuters) - Key lawmakers in the U.S. House of Representatives said on Wednesday that they intend to scale back a government program backing terrorism insurance even as members of both chambers pledged to renew the program. "From my view, we can't continue to underwrite this indeterminate risk at these levels while the (insurance) industry enjoys significant levels of profitability," said House Republican Rep. Richard Baker, chairman of the capital markets subcommittee. The U.S....

Word of the Day
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'