Khazei Announces Run for Brown's Senate Seat

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Alan Khazei
BOSTON — Alan Khazei will try again for a Senate seat by challenging U.S. Sen. Scott Brown in the 2012 election.

The Brookline resident sought the seat of the late Sen. Edward Kennedy in 2009 but lost in the Democratic primary to Attorney General Martha Coakley, who was later trounced by the Republican from Wrentham in a special election.

The founder of youth organization City Year announced his decision to run simultaneously on Facebook, Twitter and by email to supporters that he will be a candidate for U.S. Senate in Massachusetts in 2012. His video can be viewed at www.alankhazei.com.

"I'm the proud son and grandson of immigrants who came to America because they believed in this country and all it stands for: when we work hard and work together, no dream is impossible," says Khazei in the video. "It's the American Dream. And Vanessa and I want the same thing for our children, and for yours."


Khazei will kick off his campaign this week with stops around the state; his closest approach to the Berkshires will be Springfield on Thursday when he will meet with students at Western New England College and meet with voters at Mykonos European Restaurant.

Khazei is the first Democrat to announce his candidacy; also believed to weighing runs are U.S. Rep. Michael Capuano of Somerville, who also lost to Coakley in the primary, and Newton Mayor Setti Warren.

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Protecting Your Assets: How FDIC and DIF Protect Your Deposits

Submitted by Dana Robb
In this time of economic uncertainty, keeping your money secure should be a top priority. The Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF) play crucial roles in safeguarding your deposits.
 
FDIC Insurance: Your First Line of Defense
More than just a sticker on the door at your bank, the FDIC, an independent government agency, provides insurance coverage for deposits at member banks. As of 2025, the FDIC insures up to $250,000 per depositor, per institution, and ownership category. This means if you have two different types of accounts (e.g. savings and a CD) at the same bank, you only receive $250,000 of insurance for these accounts even if you have more than this amount deposited. 
 
FDIC insurance is automatic for covered accounts at member banks for individual and business customers, meaning there's no cost to you for the protection. Covered accounts include:
  • Checking accounts
  • Savings accounts
  • Money market deposit accounts (MMDAs)
  • Certificates of deposit (CDs)
  • Certain retirement accounts, such as IRAs invested in CDs
In instances where an account has more than one owner, the $250,000 coverage per ownership still applies.
 
For example, a joint account with two owners could be insured up to $500,000 ($250,000 per owner). Similarly, a trust account with three beneficiaries could be insured up to $750,000. The only limitation is that the maximum insurance coverage for a trust owner with five or more beneficiaries is $1,250,000 per owner for all trust accounts held at the same bank. You can add more than five beneficiaries, but the coverage will not exceed $1,250,000.
 
Depositors Insurance Fund (DIF): Extra Protection for Massachusetts residents
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