NEWTON, Mass. — Democratic Rep. Barney Frank of Massachusetts announced his retirement Monday effective at the end of next year, closing out a congressional career of more than three decades capped by passage of legislation imposing new regulations on Wall Street.
Frank, 71 and a lifelong liberal, won a House seat in 1980 and was one of the first lawmakers to announce that he is gay.
At a news conference, Frank said he had originally intended to seek one more term but changed his mind in part because the state’s new redistricting map will move 325,000 new constituents into his district.
He said he intends to remain active in public policy issues, including defending the so-called Dodd-Frank bill that he co-authored in the wake of the financial collapse of 2008.
“I think I will find my motives less impugned and I will be able to talk more about the merits,” he said.
In a written statement, President Barack Obama paid tribute to Frank’s “passion and quick wit.” He praised the Massachusetts lawmaker’s efforts to expand affordable housing, defend the rights of lesbian, gay, bisexual and transgender citizens and work to enact the “most sweeping financial reform in history.”
Conn. money managers claim $254M Powerball jackpot
ROCKY HILL, Conn. — A trio of wealth managers from Greenwich, one of the most affluent towns in America, claimed a Powerball jackpot worth more than a quarter of a billion dollars Monday off a $1 ticket.
Greg Skidmore, Brandon Lacoff and Tim Davidson came forward as the winners of the $254.2 million jackpot and the trustees of The Putnam Avenue Family Trust, which they formed to help manage the money after Davidson bought the winning ticket at a Stamford gas station.
A lawyer who spoke for the group said the trust will take the after-tax lump sum of $103,586,824.51 cash and a significant amount will go to charity.
Davidson bought a single Quick Pick ticket at a gas station in Stamford. A computer chose the random numbers of 12-14-34-39-46, Powerball 36, in the Nov. 2 drawing.
The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history.
LA protesters defy eviction efforts, go to court
LOS ANGELES — For now, Wall Street protesters camped out on the Los Angeles City Hall lawn still have their tent city after defying a deadline to pack up and clear out. “Still occupied,” read the sign of a protester up in a tree.
Hours after emerging from a possible confrontation with police largely unscathed Monday, demonstrators turned to the federal courts to keep officers away.
They are arguing that the City Council had passed a resolution in support of Occupy Los Angeles and that the city’s mayor and police did not have the authority to evict them.
The chances that protesters will get an injunction appear slim, constitutional experts say.
Banned players settle with gay softball group
SEATTLE — A gay softball organization has agreed to pay an undisclosed sum to three players who were disqualified from its 2008 Gay Softball World Series because of their perceived heterosexuality.
And as part of the settlement announced Monday, their team will be awarded the second-place trophy it was denied at the time.
The men filed the federal lawsuit against the North American Gay Amateur Athletic Alliance last year, claiming they had been discriminated against because they were bisexual, not gay.
They had played for years on a San Francisco-based team called D2. Rumors had persisted that the team was stacked with straight ringers, and when they made it all the way to the finals of the 2008 tournament in the Seattle area, others filed a protest, accusing D2 of exceeding the limit of two heterosexual players per team.