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AIG Bonus Payments Controversy
The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$ in ) in bonus payments to employees of its financial services division. AIG is notable for having received taxpayer bailouts and in the fourth quarter of 2008 posted a loss of $61.7 billion (~$ in ), the greatest ever for any corporation. Beyond the $165 million in bonus payments that were announced in March 2009, the total bonuses for the financial unit is unknown; it was estimated that it could have reached $450 million and bonuses for the entire company could have reached $1.2 billion. The event sparked widespread outrage among both Democratic and Republican politicians, and from media commentators on all sides of the political spectrum. Both the House of Representatives and the Senate adopted bills that taxed these bonuses at a very high rate, but these bills were never signe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AIG Lobby At 70 Pine Street
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 people. The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is the title sponsor of the AIG Women's Open golf tournament. In 2023, for the sixth consecutive year, DiversityInc named AIG among the Top 50 Companies for Diversity list. AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list. According to the 2016 Forbes Global 2000 list, AIG i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Shelby
Richard Craig Shelby (born May 6, 1934) is an American lawyer and politician who served as a United States senator from Alabama from 1987 to 2023. First elected to the U.S. Senate in 1986 as a Democrat, Shelby switched to the Republican Party in 1994. Shelby is the longest-serving U.S. senator from Alabama in history, serving exactly 36 years. Born in Birmingham, Alabama, Shelby is a 1957 graduate of the University of Alabama. He was admitted to the Alabama bar in 1961 and earned an LL.B. from the University of Alabama School of Law in 1963. Shelby served as a Tuscaloosa city prosecutor from 1963 to 1971. He also worked as a U.S. magistrate for the Northern District of Alabama and as a special assistant Attorney General of Alabama. Shelby served in the Alabama State Senate from 1970 to 1978, when he was elected from the 7th district to the United States House of Representatives. He served in the House until 1987; during his House tenure, he was among a group of conservati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State
New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the fourth-most populous state in the United States, with nearly 20 million residents, and the 27th-largest state by area, with a total area of . New York has a varied geography. The southeastern part of the state, known as Downstate, encompasses New York City, the most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New York metropolitan area and account for approximately two-thirds of the state's population. The larger Upstate area spreads from the Great Lakes to Lake Champlain and includes the Adiro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Party (USA)
The Democratic Party is a Centre-left politics, center-left political parties in the United States, political party in the United States. One of the Major party, major parties of the U.S., it was founded in 1828, making it the world's oldest active political party. Its main rival since the 1850s has been the Republican Party (United States), Republican Party, and the two have since dominated American politics. The Democratic Party was founded in 1828 from remnants of the Democratic-Republican Party. Senator Martin Van Buren played the central role in building the coalition of state organizations which formed the new party as a vehicle to help elect Andrew Jackson as president that year. It initially supported Jacksonian democracy, agrarianism, and Manifest destiny, geographical expansionism, while opposing Bank War, a national bank and high Tariff, tariffs. Democrats won six of the eight presidential elections from 1828 to 1856, losing twice to the Whig Party (United States) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chuck Schumer
Charles Ellis Schumer ( ; born November 23, 1950) is an American politician serving as the Seniority in the United States Senate, senior United States Senate, United States senator from New York (state), New York, a seat he has held since 1999. A member of the Democratic Party (United States), Democratic Party, he has led the Senate Democratic Caucus since 2017 and served as Senate Majority Leader, Senate majority leader from 2021 to 2025. He has served two stints as Senate minority leader, from 2017 to 2021 and since 2025. He became New York's Seniority in the United States Senate, senior senator in 2001, upon Daniel Patrick Moynihan's retirement. Elected to a fifth term in 2022, Schumer surpassed Moynihan and Jacob K. Javits as the longest-serving List of United States senators from New York, U.S. senator from New York. He is the dean of United States congressional delegations from New York, New York's congressional delegation. A native of Brooklyn and a graduate of Harvard Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seppuku
, also known as , is a form of Japanese ritualistic suicide by disembowelment. It was originally reserved for samurai in their code of honor, but was also practiced by other Japanese people during the Shōwa era (particularly officers near the end of World War II) to restore honor for themselves or for their families. As a samurai practice, ''seppuku'' was used voluntarily by samurai to die with honor rather than fall into the hands of their enemies (and likely be tortured), as a form of capital punishment for samurai who had committed serious offenses, or performed because they had brought shame to themselves. The ceremonial disembowelment, which is usually part of a more elaborate ritual and performed in front of spectators, consists of plunging a short blade, traditionally a '' tantō'', into the belly and drawing the blade from left to right, slicing the belly open. If the cut is deep enough, it can sever the abdominal aorta, causing death by rapid exsanguination. One ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iowa
Iowa ( ) is a U.S. state, state in the upper Midwestern United States, Midwestern region of the United States. It borders the Mississippi River to the east and the Missouri River and Big Sioux River to the west; Wisconsin to the northeast, Illinois to the east and southeast, Missouri to the south, Nebraska to the west, South Dakota to the northwest, and Minnesota to the north. Iowa is the List of U.S. states and territories by area, 26th largest in total area and the List of U.S. states and territories by population, 31st most populous of the List of states and territories of the United States, 50 U.S. states, with a population of 3.19 million. The state's List of capitals in the United States, capital, List of cities in Iowa, most populous city, and largest List of metropolitan statistical areas, metropolitan area fully located within the state is Des Moines, Iowa, Des Moines. A portion of the larger Omaha–Council Bluffs metropolitan area, Omaha, Nebraska, metropolitan area ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republican Party (USA)
The Republican Party, also known as the Grand Old Party (GOP), is a right-wing political party in the United States. One of the two major parties, it emerged as the main rival of the then-dominant Democratic Party in the 1850s, and the two parties have dominated American politics since then. The Republican Party was founded in 1854 by anti-slavery activists opposing the Kansas–Nebraska Act and the expansion of slavery into U.S. territories. It rapidly gained support in the North, drawing in former Whigs and Free Soilers. Abraham Lincoln's election in 1860 led to the secession of Southern states and the outbreak of the American Civil War. Under Lincoln and a Republican-controlled Congress, the party led efforts to preserve the Union, defeat the Confederacy, and abolish slavery. During the Reconstruction era, Republicans sought to extend civil rights protections to freedmen, but by the late 1870s the party shifted its focus toward business interests and industrial ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chuck Grassley
Charles Ernest Grassley (born September 17, 1933) is an American politician serving as the president pro tempore of the United States Senate since 2025, a role he also held from 2019 to 2021. A member of the Republican Party (United States), Republican Party, Grassley is the Seniority in the United States Senate, senior United States senator from Iowa, serving since 1981. He is the dean of the United States Senate. Before becoming a senator, Grassley served eight terms in the Iowa House of Representatives (1959–1975) and three terms in the United States House of Representatives (1975–1981). He has served three stints as United States Senate Committee on Finance, Senate Finance Committee chairman during periods of Republican Senate majority. Upon the retirement of Orrin Hatch on January 3, 2019, Grassley became the Senate's most senior Republican and its president pro tempore of the United States Senate, president pro tempore. Upon Patrick Leahy's retirement in January 2023, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senator
The United States Senate consists of 100 members, two from each of the 50 U.S. state, states. This list includes all senators serving in the 119th United States Congress. Party affiliation Independent Senators Angus King of Maine and Bernie Sanders of Vermont Senate Democratic Caucus, caucus with the Democratic Party. Leadership Presiding officers Majority leadership (Republican) Minority leadership (Democratic) List of senators See also * Seniority in the United States Senate * List of current members of the United States House of Representatives * List of members of the United States Congress by longevity of service * List of United States Senate committees * List of United States congressional joint committees * Religious affiliation in the United States Senate * Shadow congressperson Notes References {{US Order of Precedence 117th United States Congress, ** 21st-century United States government officials, Senate Lists of current office-holders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congress (United States)
The United States Congress is the legislative branch of the federal government of the United States. It is a bicameral legislature, including a lower body, the U.S. House of Representatives, and an upper body, the U.S. Senate. They both meet in the United States Capitol in Washington, D.C. Members of Congress are chosen through direct election, though vacancies in the Senate may be filled by a governor's appointment. Congress has a total of 535 voting members, a figure which includes 100 senators and 435 representatives; the House of Representatives has 6 additional non-voting members. The vice president of the United States, as President of the Senate, has a vote in the Senate only when there is a tie. Congress convenes for a two-year term, commencing every other January. Elections are held every even-numbered year on Election Day. The members of the House of Representatives are elected for the two-year term of a Congress. The Reapportionment Act of 1929 establi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
