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Monday, Nov 14, 2011 1:35 PM UTC2011-11-14T13:35:00Zl, M j, Y g:i A T

“60 Minutes” probes congressional insider trading

Report describes how federal elected officials could be using non-public information to legally make fortunes

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60 minutes congress insider trading

 (Credit: CBS News)

Questioning the integrity of congressional officials is something like a national pastime lately. Even still, reports that federal elected officials could be leveraging their positions to directly benefit themselves financially, and doing so legally, could come as a shock. But that’s exactly what a “60 Minutes” report, which aired last evening, suggests.

The newsmagazine recently sent Steve Kroft down to Capitol Hill, where he investigated a phenomenon that looks curiously like insider trading — yet appears to be within the bounds of the law — in which members of Congress receive non-public information one day, and then make financial investments related to that knowledge the next. Conservative think-tanker Pete Schweizer, who has researched the subject at length, called the practice “honest graft.”

“This is an opportunity to leverage your position in public service and use that position to enrich yourself, your friends, and your family,” Schweizer told “60 Minutes” at the top of the report.

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Tuesday, Nov 8, 2011 1:00 PM UTC2011-11-08T13:00:00Zl, M j, Y g:i A T

Jack Abramoff plays the earnest reformer

In his new book and in a "60 Minutes" interview, the felon and former super-lobbyist poses as a changed man

Jack Abramoff

Jack Abramoff  (Credit: Reuters)

Jack Abramoff is back! He’s selling a book, naturally. (The movie was already made, limiting his cashing-in opportunities.) To celebrate, “60 Minutes” had him on to look sort of contrite while nostalgically reminiscing over his time as Washington’s top incredibly corrupt super-lobbyist.

Abramoff pleaded guilty to defrauding his lobbying clients through over-billing and double-dealing. He admitted to bribery and wire fraud. In his interview, Abramoff explained basically How He Did It, and it turns out that it’s really not that hard to “bribe” a member of Congress. Offer their staffers jobs and give the members lots of gifts and campaign donations. Then you can write whatever you want into pending legislation, more or less.

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Saturday, Nov 5, 2011 6:24 PM UTC2011-11-05T18:24:00Zl, M j, Y g:i A T

In praise of the late Andy Rooney

Sure, he was grumpy and easy to parody; he was also a great American writer

The late Andy Rooney

(Andy Rooney,  wit, crank, and TV star, died on Saturday.This appreciation of Rooney, written after his retirement, appeared in Salon on September 28, 2011)

When I hear people running down “60 Minutes” contributor Andy Rooney, who announced his retirement yesterday,I get as grouchy as Rooney did during his weekly pieces.

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Matt Zoller Seitz

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Saturday, Nov 5, 2011 12:00 PM UTC2011-11-05T12:00:00Zl, M j, Y g:i A T

Former ’60 Minutes’ Commentator Andy Rooney Dies

The famously outspoken writer and television personality was 92

Andy Rooney

"60 Minutes" commentator Andy Rooney in New York in 2005.  (Credit: AP/Bebeto Matthews)

NEW YORK (AP) — Andy Rooney so dreaded the day he had to end his signature “60 Minutes” commentaries about life’s large and small absurdities that he kept going until he was 92 years old.

Even then, he said he wasn’t retiring. Writers never retire. But his life after the end of “A Few Minutes With Andy Rooney” was short: He died Friday night, according to CBS, only a month after delivering his 1,097th and final televised commentary.

Rooney had gone to the hospital for an undisclosed surgery, but major complications developed and he never recovered.

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Monday, Oct 31, 2011 3:30 PM UTC2011-10-31T15:30:00Zl, M j, Y g:i A T

Should we feel sorry for Ruth Madoff?

She's standing by the man behind the biggest Ponzi scheme ever. But maybe it's worth listening to her story

ruthmadoff

Ruth Madoff couldn’t have more ironic timing. With the Occupy movement swelling to global proportions and wealth inequity making revolutionaries out of the fed-up bottom 99 percent , the wife of the man whose name has become synonymous with “greedy dirtbag” has been awkwardly making the rounds — and attracting harsh criticism along the way. Shilling for journalist Laurie Sandell’s new biography of her family, Madoff and son Andrew made an emotional, hotly anticipated appearance on Sunday’s “60 Minutes.” But will a disgusted American public feel pity for a family whose lavish lifestyle was paid for by devastating duplicity?

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Mary Elizabeth Williams

Mary Elizabeth Williams is a staff writer for Salon and the author of "Gimme Shelter: My Three Years Searching for the American Dream." Follow her on Twitter: @embeedubMore Mary Elizabeth Williams

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