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Allstate sues two more banks over mortgage fraud

Allstate says Citigroup and Deutsche Bank AG hid the risks on more than $385 million mortgage securities and it bought from the two banks and now it wants revenge. Lawsuits filed by the largest publicly-traded U.S. home and auto insurer brings the total lawsuits against banks to four.  Allstate has already filed similar lawsuits against Bank of America and JPMorgan Chase. The company is trying to recover more than $1.8 billion in securities and says the banks are guilty of fraud.
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Robocop may stand guard in Philadelphia

Philadelphia has its statue of Rocky. Other towns have plaques and markers about films shot in their area. But Robocop in Detroit? That what fans of the sci-fi cult film want to see happen in motor city. Probably not what Henry Ford had in mind. From sci-fi cult film, to Twitter phenomenon to Detroit landmark-in-the-making. Plans for a statue honoring RoboCop, the half-man, half-machine crime fighter of the 1987 movie, are moving ahead after a group of artists and entrepreneurs in Detroit, Michigan raised more than $50,000 via Facebook and an online fund-raising site. “It hit a sweet spot. It’s
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Democrats could lose public relations battle in Wisconsin

Eventually, the stalemate in Wisconsin will end and Democrats in Wisconsin will have to face what could easily be a  public relations loss in the battle that brought thousands upon thousands of enthusiastic demonstrators to the state capital in Madison. Even Democratic analysts say the tactic is hightailing it out of the state and hiding out in Illinois was a risky tactic at besdt. “This is seen as an extreme action you can interpret in two ways,” Larry Sabato, Director of the University of Virginia Center for Politics, told Reuters. “Wither they are trying to unfairly deny the peoples vote
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In Texas,it’s readin’, writin’ and ‘Annie Get Your Gun’

Texas is preparing to give college students and professors the right to carry guns on campus, adding momentum to a national campaign to open this part of society to firearms. More than half the members of the Texas House have signed on as co-authors of a measure directing universities to allow concealed handguns. The Senate passed a similar bill in 2009 and is expected to do so again. Republican Gov. Rick Perry, who sometimes packs a pistol when he jogs, has said he’s in favor of the idea. Texas has become a prime battleground for the issue because of its
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Just three Senators needed to end Wisconsin stalemate

To end a high-stakes stalemate over union rights that has captured the nation’s attention, a handful of Republican lawmakers in Wisconsin might have to stand up to their new governor. Gov. Scott Walker made clear Sunday he won’t back off his proposal to effectively eliminate collective bargaining rights for most public employees. Senate Democrats who fled the state last week to delay the plan vowed not to come back to allow it to pass — even if they have to miss votes on other bills Tuesday. And union leaders said they would not let up on protests that have consumed
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As Wisconsin demostrations continue, governor lashes out at Democrats

Thousands of demonstrators converged on the Wisconsin state capital on Sunday to oppose a bid to reduce public employee union bargaining power, marking the start of a second week of growing protests with threats of wider dissent ahead. Inside the Capitol’s central rotunda and in its balconies, opponents of the controversial proposal by Republican Governor Scott Walker banged drums and shouted “We’re not going away!” Outside, where wet snow was falling, protesters chanted “Union busting is disgusting” against the governor’s bid, which supporters say is needed to control state debt and spending and opponents contend would break the back of
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In Wisconsin, let’s party like it’s 1968

The issues were serious but the mood was cheery on Sunday among demonstrators in Wisconsin protesting an effort by the Republican governor to reduce the bargaining power of public employee unions. Protesters, marking the start of a second week of mass action, jammed inside the state Capitol’s rotunda, protected from the sleet and wet snow outside, to munch pizza donated by sympathizers from out of state and from foreign countries. “It’s like a street festival,” said Tyler Pagel, 29, whose wife is a teacher, one of tens of thousands of workers who could be affected by Gov. Scott Walker’s proposal
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