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Tuesday, November 18, 2008
Judge Removes McCain Campaign From Lawsuit
Associated Press
RICHMOND, Va.--A federal judge has removed the McCain campaign as the plaintiff in a lawsuit that seeks to compel Virginia election officials to count late absentee ballots from U.S. troops serving outside the state.
The new plaintiff is the U.S. Department of Justice. U.S. District Judge Richard L. Williams approved the department's motion to intervene in the case Monday and scheduled a hearing on the merits of the case for Dec. 8.
Republican John McCain's presidential campaign sued the State Board of Elections, claiming absentee ballots weren't mailed on time to military members outside Virginia. But Williams ruled that the campaign lacked standing to sue.
Williams previously ordered election officials to safeguard late-arriving absentee ballots until the case is decided.
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FOX Translator
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A specialist is a member of a stock exchange who works as an auctioneer for a specific stock and/or stocks. It can be an individual, partnership, corporation or group of firms.
The specialist works to maintain a "fair and orderly market" for respective stocks, matching up buyers and sellers by displaying the best "bid" and "ask" prices at its trading post. If buys are not equal to sells, the specialist evens the scale by buying or selling shares, accordingly. However, they cannot make their own transactions until all investor orders have been placed.
Gauging supply and demand, the specialist sets an opening price for the stocks in its domain. If a price has not been set by the time the market opens, the specialist can delay that particular stock's opening.
Specialists make money off the "spread," which is the difference between bid and ask prices on orders.
