Tuesday, December 26, 2006

Iowa's New Democratic State Senators


CAPTION (Des Moines) The new leadership of the Iowa Senate and the winning candidates who gave Democrats control of the Senate spoke Sunday with reporters at the Statehouse.

Senate Democrats had gathered to elect their leaders and to discuss plans to bring Iowa positive change on education, the economy and health care. On Election Day, Iowa voters decisively broke the 25-25 tie in the Senate by electing five new Democratic Senators, giving Democrats a 30-20 majority and the Senate leadership for the first time since 1996. From left to right, Senator-elect Becky Schmitz of Fairfield, Senator-elect Bill Heckroth of Waverly, Senate Majority Leader Mike Gronstal of Council Bluffs, Senator-elect Staci Appel of Ackworth, Senator-elect Rich Olive of Story City, Senate President Jack Kibbie of Emmetsburg, and Senator-elect Rob Hogg of Cedar Rapids.

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NYT: Seductively Easy, Payday Loans Often Snowball

"While such lending is effectively banned in 11 states, including New York, through usury or other laws, it is flourishing in 39 others. The practice is unusually rampant and unregulated in New Mexico, where it has become a contentious political issue. The Center for Responsible Lending, a private consumer group, calculates that nationally payday loans totaled at least $28 billion in 2005, doubling in five years."

Read the complete article at:

http://select.nytimes.com/gst/abstract.html?res=F60A14F93A550C708EDDAB0994DE404482

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