Meet Your State Editor John Matyi State Editor for Alabama Commentary Committee on Financial Services: Where do we go next?

President Declares Major Disaster For Alabama
FEMA, Release Date: September 26, 2008, Release Number: HQ-08-229

WASHINGTON, D.C. -- The head of the U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) today announced that federal disaster aid has been made available for Alabama to supplement state and local recovery efforts in the area struck by severe storms and flooding associated with Hurricane Ike during the period of September 12-14, 2008.

FEMA Administrator David Paulison said federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair or replacement of facilities damaged by the severe storms and flooding associated with Hurricane Ike in Baldwin and Mobile Counties.

Federal funding is also available on a cost-sharing basis for hazard mitigation measures for all counties and tribes within the state.

Paulison named W. Michael Moore the federal coordinating officer for federal recovery operations in the affected area. Moore said additional designations may be made at a later date if requested by the state and warranted by the results of further damage assessments.

FEMA coordinates the federal government's role in preparing for, preventing, mitigating the effects of, responding to, and recovering from all domestic disasters, whether natural or man-made, including acts of terror.

>> Read more at Alabama News Page

U.S. Senator Richard Shelby and U.S. Rep. Spencer Bachus are in the discussions of the massive financial bailout
The Birmingham News, Friday, September 26, 2008, Mary Orndorff

WASHINGTON - U.S. Sen. Richard Shelby, R-Alabama, took his concerns about a proposed $700 billion bailout of the financial industry into negotiations at the White House Thursday.

Shelby, the top Republican on the Senate banking committee, said the bailout is too risky to taxpayers with no guarantee of preventing further crisis in the markets.

He took to the meeting a list of economists who oppose the bailout. "I brought it up in the hearing," Shelby told reporters. "I'm probably not welcome again."

>> Read more at Alabama News Page

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