Congress looks at mortgage exec’s pay


Tuesday, July 22, 2008 | No comments posted.

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WASHINGTON (AP) — Democrats and Republicans queasy about a federal rescue of mortgage giants Fannie Mae and Freddie Mac are coalescing around the idea of letting the government slap limits on the multimillion-dollar pay packages of their executives.

Key lawmakers — puzzling over how to explain to constituents why they voted to bail out the troubled government-sponsored firms — see new curbs on compensation for the top officers as a crucial measure to cut down on the cringe factor.

At a time when Fannie Mae’s and Freddie Mac’s troubles have investors worried and the government ready to jump in with untold sums of cash, the lavish pay of the two companies’ executives is increasingly difficult to defend, they say.

FDA finds salmonella in Mexican jalapeno

WASHINGTON (AP) — Government inspectors finally have a big clue in the nationwide salmonella outbreak: They found the same bacteria strain on a single Mexican-grown jalapeno pepper handled in Texas — and issued a stronger warning for consumers to avoid fresh jalapenos.

But Monday’s discovery, the equivalent of a fingerprint, doesn’t solve the mystery: Authorities still don’t know where the pepper became tainted — on the farm, or in the McAllen, Texas, plant, or at some stop in between, such as a packing house.

Nor are they saying the tainted pepper exonerates tomatoes sold earlier in the spring that consumers until last week had been told were the prime suspect.

Still, “this genetic match is a very important break in the case,” said Dr. David Acheson, the Food and Drug Administration’s food safety chief.

For now, the government is strengthening its earlier precaution against hot peppers to a full-blown warning that no one should eat fresh jalapenos — or products such as fresh salsa made from them — until it can better pinpoint where tainted ones may have sold.
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