National Assembly for Wales

The National Assembly for Wales is the democratically elected devolved parliament of Wales, which represents the interests of the people of Wales, makes laws for Wales, agrees taxes and holds the Welsh Government to account. Legislation enacted in January 2020 will change the name of the institution to Senedd Cymru or the Welsh Parliament from 6 May 2020, it comprises AMs. Since 2011, Members are elected for five-year terms under an additional members system, in which 40 AMs represent geographical constituencies elected by the plurality system, 20 AMs represent five electoral regions using the D'Hondt method of proportional representation; the largest party in the Assembly forms the Welsh Government. A National Assembly for Wales was created by the Government of Wales Act 1998, upon the result of the 1997 referendum; the Assembly had no powers to initiate primary legislation until limited law-making powers were gained through the Government of Wales Act 2006. Its primary law-making powers were enhanced in the Wales Act 2017 following a Yes vote in the referendum on 3 March 2011, meaning the UK parliament or the Secretary of State for Wales are not to be consulted when legislating on 20 devolved areas.

Devolved areas include health, economic development, the environment, local government and some taxes. An appointed Council for Wales and Monmouthshire was established in 1949 to "ensure the government is adequately informed of the impact of government activities on the general life of the people of Wales"; the council had 27 members nominated by local authorities in Wales, the University of Wales, National Eisteddfod Council and the Welsh Tourist Board. A post of Minister of Welsh Affairs was created in 1951 and the post of Secretary of State for Wales and the Welsh Office were established in 1964 leading to the abolition of the Council for Wales; the establishment of the Welsh Office created the basis for the territorial governance of Wales. The Royal Commission on the Constitution was set up in 1969 by Harold Wilson's Labour Government to investigate the possibility of devolution for Scotland and Wales, its recommendations formed the basis of the 1974 White Paper Democracy and Devolution: proposals for Scotland and Wales, which proposed the creation of a Welsh Assembly.

However, Welsh voters rejected the proposals in a referendum held in 1979. After the 1997 general election, the new Labour Government argued that an Assembly would be more democratically accountable than the Welsh Office. For eleven years prior to 1997 Wales had been represented in the Cabinet of the United Kingdom by a Secretary of State who did not represent a Welsh constituency at Westminster. A referendum was held in Wales on 18 September 1997 in which voters approved the creation of the National Assembly for Wales with a total of 559,419 votes, or 50.3% of the vote. The following year the Government of Wales Act was passed by the United Kingdom parliament, establishing the Assembly. On 1 July 1999 the powers of the Secretary of State for Wales were transferred to the Assembly and the Welsh Office ceased to exist. In July 2002, the Welsh Government established an independent commission, with Lord Richard as chair, to review the powers and electoral arrangements of the National Assembly to ensure that it is able to operate in the best interests of the people of Wales.

The Richard Commission reported in March 2004. It recommended that the National Assembly should have powers to legislate in certain areas, whilst others would remain the preserve of Westminster, it recommended changing the electoral system to the single transferable vote which would produce greater proportionality. In response, the British government, in its Better Governance for Wales White Paper, published on 15 June 2005, proposed a more permissive law-making system for the Welsh Assembly based on the use of Parliamentary Orders in Council. In so doing, the Government rejected many of the cross party Richard Commission's recommendations; this has attracted criticism from opposition others. The Government of Wales Act 2006 received Royal Assent on 25 July 2006, it conferred on the Assembly legislative powers similar to other devolved legislatures through the ability to pass Assembly Measures concerning matters that are devolved. Requests for further legislative powers made through legislative competence requests were subject to the veto of the Secretary of State for Wales, House of Commons or House of Lords.

The Act reformed the assembly to a parliamentary-type structure, establishing the Welsh Government as an entity separate from, but accountable to the National Assembly. It enables the Assembly to legislate within its devolved fields; the Act reforms the Assembly's electoral system. It prevents individuals from standing as candidates in regional seats; this aspect of the act was subject to a great deal of criticism, most notably from the Electoral Commission. The Act was criticised. Plaid Cymru, the Official Opposition in the National Assembly from 1999–2007, attacked it for not delivering a fully-fledged parliament. Many commentators have criticised the Labour Party's partisan attempt to alter the electoral system. By preventing regional Assembly Members from standing in constituency seats the party has been accused of changing the rules to protect constituency representatives. Labour had 29 members in the Assembly at the time; the changes to the Assembly's powers were commenced on 4 May 2007, after the election.

Following a referendum on 3 March 2011, the Welsh Assembly gained direct law making powers, without th


LendKey is a lending platform and online marketplace that allows consumers to apply for and receive private student loans, student loan refinancing and home improvement loans from their local credit unions and community banks. LendKey's cloud-based tools and infrastructure enable the nation's 13,000+ community financial institutions to enter online lending and offer loans for various asset classes. LendKey was founded in 2007 and was called Fynanz; as Fynanz, the company operated as a peer-to-peer loan platform for student loans, distinguished itself from other P2P lenders by guaranteeing loans, by using new data sources to assess the creditworthiness of applicants. In 2013 the company rebranded under the new LendKey name, took its lending platform to credit unions and community banks. In January 2010, LendKey received $9.5 million in venture funding during its Series A round of financing. Subsequently, the company secured another $12.5 million in venture funding in August 2013, bringing the total capital raised by the company to $22 million.

Series B funding was led by investors Updata Partners and TTV Capital, as well as existing investors Draper Fisher Jurvetson and Gotham Ventures. As of September 2014, LendKey has over 300 credit union clients with a combined loan portfolio of over $700 million, services more than 30,000 borrowers nationwide, is sponsored by 28 state trade associations. In 2014 LendKey, headquartered in New York, opened a new office in the Cincinnati area; as of 2018 it claimed more than $2 Billion in loan originations. Official website

1994 California Secretary of State election

The 1994 California Secretary of State election occurred on November 8, 1994. The primary elections took place on March 8, 1994; the Republican nominee, State Assemblyman Bill Jones, narrowly defeated the Democratic nominee, acting Secretary of State Tony Miller, who assumed the seat when March Fong Eu resigned to become United States Ambassador to Micronesia. Final results from California Secretary of State. Final results from the Secretary of State of California. California state elections, 1994 State of California Secretary of State of California