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Hollywood and people worldwide are sadden
Three superstars have died in the same week. These superstars are the beloved Michael Jackson, Farrah Fawcett and Ed Mcmahon. A 50 year old, a 62 year old and an 86-year-old superstar all dies this week. They lived life!
This makes people think! Tomorrow is not promised; we all have to make certain that we are ready to meet our maker. We never know when our maker is going to call us home.
Farrah Fawcett dies at the age of 62 from anal cancer
Ms. Fawcett dies from anal cancer at the age of 62. She was also recently hospitalized due to complications from a surgery she had in Germany. Farrah lived so many of her dreams, but she did not live her dream of marrying the love of her life.
Two people were by here side as she died on the morning of Thursday, June 25, 2009. We wish her family (especially her son) our condolences.
Drew Peterson arrested in third wife’s death
Former police officer also a suspect in Fourth wife's disappearance
Drew Peterson was arrested for the arrest of his third wife. Authorities say former Illinois police sergeant Drew Peterson has been indicted on a murder charge in the death of his third wife.
The Will County state's attorney's office says the indictment was issued Thursday in the death of Kathleen Savio. It did not immediately give details but scheduled a news conference for later Thursday.
Bolingbrook police say Illinois State Police arrested Peterson on Thursday. A state police spokesman did not immediately return phone messages from The Associated Press.
Peterson's attorney, Joel Brodsky, says in an e-mail that he's on his way to New York and referred messages to Peterson's publicist, Glenn Selig. Selig says he can't confirm Peterson's arrest.
Peterson also has been named a suspect in the 2007 disappearance of his fourth wife, Stacy. He has denied any wrongdoing.
Banks need billions
Ten of the nation's largest financial firms need to raise $75 billion more to withstand the losses that would come with a deeper recession, the government said Thursday in a report card that found the banking system viable but still vulnerable.
The Federal Reserve, issuing the long-awaited results of its "stress tests" for banks, found nine of the firms are stable enough that they need no additional capital.
Among the 10 banks that need to raise more capital, Bank of America Corp. needs by far the most — $33.9 billion. Wells Fargo & Co. needs $13.7 billion, GMAC LLC $11.5 billion, Citigroup Inc. $5.5 billion and Morgan Stanley $1.8 billion.
The banks will have until June 8 to develop a plan and have it approved by their regulators. If they can't raise the money on their own, the government said it's prepared to dip further into its bailout fund.
The stress tests are a big part of the Obama administration's plan to fortify the financial system in the wake of last fall's credit crisis. As home prices fell and foreclosures increased, banks took huge hits on mortgages and mortgage-related securities they were holding.
Last fall, the government approved $700 billion to bail out banks and embarked on a series of historic government rescues, including the takeovers of mortgage finance giants Fannie Mae and Freddie Mac and insurer American International Group Inc.
The government hopes the stress tests will restore investors' confidence that not all banks are weak, and that even those that are can be strengthened. They have said none of the banks will be allowed to fail.
The five other firms found to need more of a capital cushion are all regional banks — Regions Financial Corp. of Birmingham, Ala.; SunTrust Banks Inc. of Atlanta; KeyCorp of Cleveland; Fifth Third Bancorp of Cincinnati; and PNC Financial Services Group Inc. of Pittsburgh.
Among the banks that the government did not ask to raise more capital were JPMorgan Chase & Co., brokerage house Goldman Sachs Group Inc., insurer MetLife Inc. and credit card companies Capital One Financial Corp. and American Express Co.
Together, the 19 firms that took the test hold two-thirds of the assets and half the loans in the U.S. banking system.
Some of the firms that need more capital were quick to announce strategies for how to get it. Wells Fargo & Co. and Morgan Stanley announced they were selling stock, and Citigroup Inc. said it would convert preferred shares — a form of debt — into common stock.
The tests found that if the recession were to worsen, losses at the 19 stress-tested firms during 2009 and 2010 could total $600 billion. Of those losses, $185.5 billion would be from mortgages, $82.4 billion from credit card loans and $53 billion from commercial real estate loans — the loans on banks' books that analysts say are now most vulnerable to default.
"Looking at the big picture, you can say that things aren't so bad for the financial industry as a whole," said Kevin Logan, chief U.S. economist at Dresdner Kleinwort.
But Logan said attracting fresh capital will be a challenge for banks that need it.
"The banking industry is not going to make a lot of money going forward, and that's a dilemma for keeping banks solvent and getting them lending," he said.
Large and regional bank stocks mostly rallied in after-hours trading as investors showed relief over the results. Bank of America Corp. rose 9.2 percent to $14.75, while JPMorgan Chase & Co. gained 1.5 percent to $35.77. Fifth Third Bancorp advanced 23.4 percent to $6.60, while Boston's State Street Corp. jumped to $40.90, a gain of 8.1 percent.
The government's unprecedented decision to publicly release bank exams has led some critics to question whether the findings are credible. Some said regulators seemed so intent on sustaining public confidence in the banks that the results would have to find the banks basically healthy, even if some need to raise more capital.
Jaidev Iyer, a former risk management chief at Citigroup, said regulators are playing to public expectations, which could put the government in the role of creating "winners and losers." Because the government has said it won't let any firm fold, taxpayers may wind up on the hook.
"If there is in fact no appetite to let losers fail, then the real losers are the market at large, the government and the taxpayers," Iyer said.
In the tests, the Fed put banks through a scenario that imagines the recession would worsen: that joblessness would hit 10.3 percent next year and house prices would fall more than 22 percent.
Some analysts have questioned whether the tests were rigorous enough. For example, economists expect the jobless rate to approach or exceed 10 percent by year's end — and to go higher next year — even if the recession doesn't worsen.
A steeper downturn would make it harder for consumers and businesses to repay loans, which would cause banks' assets to lose value. The government is forcing the banks to keep their capital reserves up so they can keep lending even if the economic picture darkens.
The tests measured bank reserves based on what's known as common equity, the value of a company's common stock and profits. Some of the banks have big enough reserves by traditional measures but fall short by this narrower standard.
"It's not really stressful, so how could it be a stress test?" said Simon Johnson, a former chief economist with the International Monetary Fund and professor at the Massachusetts Institute of Technology. "This makes it seem like we're not having a financial crisis at all."
Johnson said some bank executives have told him they already are losing more money on commercial real estate loans than the tests estimated even under the harsher economic scenario.
The stock market has cheered the results, he said, because the message is that the government will continue supporting the banks no matter what it costs.
Another criticism of the stress tests is that they did not address a key problem confronting banks: The troubled mortgage assets on their books are making it hard for them to resume normal lending.
Banks that need capital have several options. Some would be able to close the gap by converting the government's debt into common stock.
"These tests will help ensure that banks have a sufficient capital cushion to continue lending in a more adverse economic scenario," said Treasury Secretary Timothy Geithner. "They will provide the transparency necessary for individuals and markets to judge the strength of the banking system."
Describing the purpose of the tests, Federal Reserve Chairman Ben Bernanke said at a news conference with Geithner, "This is to make sure banks have enough capital to offset the losses we know are coming in the next couple of years."
Publishing Company Seeks Sales Reps. Worldwide to Sale Books Call: 877-600-1080
Campaign Promises and President Obama's First 100 Days
NEW YORK, N.Y., According to Foreclosure Listings research, of the 895 campaign promises that Barack Obama pledged, only 3 of the dozen concerning the housing crisis have been met during his first 100 days in office. During his presidential campaign, Obama promised to cut taxes for all but the wealthiest citizens while also placing the country on the path of fiscal responsibility resulting in a 'net spending cut.'
VHL Family Alliance Kicks off May Awareness Month, Announcing 8 Events Coast to Coast
A neoburlesque sci-fi play in Providence, a Crabfest in Maryland, a music festival on Boston Common - all to support the VHL Family Alliance (VHLFA) in its fight to get attention for its rare disease population. Thirteen year old Alex Anderson from New Jersey formed the idea of a worldwide fundraiser to benefit the VHLFA. The VHLFA announced today the beginning of a month long celebration highlighted by International VHL Day, May 9th to spread awareness for von Hippel-Lindau disease (VHL).
VHL Family Alliance Announces Free Awareness Benefit Concert in Boston Common
BOSTON, Mass. This year VHL Family Alliance will be hosting its first annual special event in honor of International VHL Day, which will be declared in Massachusetts in May at the State House. Alex Anderson, a 13 year old boy from New Jersey, started this concept when he had a vision of hosting a worldwide fundraiser for VHL. Alex has already had a tumor in his ear at age four and four tumors in his retina, all resulting from his struggle with VHL.
Virtue - A New Sacred Incense?! -- Perfume or Devotional Aid for the Spiritual Woman?
ORANGE, Calif. Virtue(R) has become one of the most intriguing fragrance concepts to emerge in many years. Neither a celebrity fragrance nor a twist of something else, Virtue(R) stands alone as a one-of-a-kind perfume. Whether you seek its transformative qualities as your signature perfume or a devotional aid, mimicking the Holy Incense, it offers a truly original sensory experience. IBI officially launched Virtue(R).
Temecula Valley Southern California Wine Country Celebrates 150 Years of Culture, History and Entertainment
TEMECULA, Calif. 150 years old and still never a dull moment in Temecula Valley, Southern California Wine Country. 'If you have never experienced Temecula Valley, the region has something to offer everyone,' says Kimberly Adams, President and CEO of the Temecula Valley Convention and Visitors Bureau.
Stuart Weber Celebrates Upcoming Release of The Fifth Row - A Salute to Vintage American Venues - with Concert
BOZEMAN, Mont. The Instrumental virtuoso and social networking champion returns to One Prime Recording Location of his breathtaking new album - an acoustic marvel! On Saturday May 2nd, 2009, at 8 p.m., classical guitarist Stuart Weber will be bringing his fret board magic to Bozeman, Montana for an acoustic concert at the Ellen Theatre - one of eleven hallowed locations in which the musician recorded his stunning new album 'The Fifth Row: An Acoustic Tour of Historic Theatres.'
AtPrime Media, Inc. Announces New Retirement Plan Detective Software - The Pension Inspector 'Compare and Rank' Online Service
NEW YORK, N.Y. At Prime Media, Inc., the sponsor of the @Prime! Pension Inspector(R), the leading consumer and professional online tool for determining the financial performance of Qualified Retirement Plans, announces a new breakthrough service, Compare and Rank Online Service, previously unavailable to the general public, which it believes will be a helpful tool in these stressful economic times for focusing on Plans viability and stability.
Volunteers Celebrate Earth Week at Special Equestrian
WARRINGTON, Pa., April 29 -- Volunteers from Capmark Finance Inc, and Centocor Ortho Biotech Services LLC, worked over the course of two days at Special Equestrians painting the therapy and observation rooms, and planting gardens and building therapeutic equipment in the Sensory Trail. The teams' efforts were coordinated by Special Equestrians Program Director Anne Reynolds, 'It was a pleasure to have these talented and skilled volunteers working to brighten our indoor environment.
MMDI's Rebound HRD V Receives FDA 510(k) Clearance
MINNEAPOLIS, Minn. Minnesota Medical Development, Inc. (MMDI) today announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance to its new Rebound HRD V (Hernia Repair Device). The Rebound HRD V is intended to assist in the repair and/or reinforcement of hernia or other soft tissue defects where weakness exists and where the support of a nonabsorbable material is preferred.
Allegro Starts Fresh Conversations with Clients and Prospects
Allegro Communications, Inc., a direct marketing firm and developer of FreshDM, recently announced the launch of its new dynamic, content-rich agency website. The new website focuses on maximizing the use of social media to create ongoing relationships and provide interesting, up-to-date content.
Recession Fouls Basketball Superstar - A Player's Loss is Collectors' Gain at West Auctions
SACRAMENTO There are times when a team transcends the game and steps over the boundaries of the sports pages and into the consciousness of a nation. It could be argued that the Chicago Bulls during the mid 1990's was such a team - so well known that even people who never opened an issue of Sports Illustrated could name the starting lineup.
idBUSINESS Receives Metro Denver Dental Society Endorsement for FACTA 'Red Flag Rules' Identity Theft Compliance Solution
DENVER, Colo. idBUSINESS, a Denver-based identity theft security expert and identity recovery services provider today became the preferred provider of the Metro Denver Dental Society (MDDS) for the provision of 'Red Flag Rules' compliance solutions to its more than 1,500 members.
Foreclosure Deals Reacts to the Current Home Foreclosure Crisis
MIAMI, Fla., ForeclosureDeals announces that their comprehensive foreclosure listing website continues to provide people with significant foreclosure listing leads. The most recent move to meet the foreclosure crisis was the Treasury Department's announcement that it is taking the first steps of action in addressing the loan modification program.
New Medical Device: Swine Flu Could Be Detected in 15 Minutes
AURORA, Colo. A Colorado company has created a disposable medical device that can - in 15 minutes - detect the presence of disease in a single drop of body fluid. 'We have developed a device that can address major pandemics, like the swine flu one that's threatening to emerge,' said Beacon Biotechnology CEO, Fred Mitchell. 'It could be used at airports, border crossings and at makeshift clinics designed to quarantine people infected with the disease.'
Sleep Studies Indicate that Sleep Loss Can Contribute to Weight Gain
LOS ANGELES, Calif. Is your mattress making you fat? SleepBook.com, sponsored by Sit 'n Sleep, recently interviewed two sleep experts to find out; their answers were surprisingly candid. Medical studies performed in the past few years are revealing that sleep loss can contribute to weight gain.
Mueller Offers a Metal Building to a Deserving Texas Non-Profit Organization
BALLINGER, Texas Mueller, Inc., a leading manufacturer of steel buildings and residential metal roofing, wants to extend a helping hand to a Texas non-profit in need of a new facility. One organization will be chosen to receive a new Mueller steel building through applications submitted by June 1, 2009.
Thermal Angel Supports Infection Control during the Golden Hour
DALLAS, Texas Estill Medical Technologies, Inc., the industry leader in portable blood and IV fluid warming therapy, announces the expansion of its Thermal Angel sales and marketing efforts. The Thermal Angel reduces the chance of mortality by quickly controlling core body temperature and infection risk.
Long Term Care Alerting Methods Revealed by Industry Leaders
KIRKLAND, Wash. Consumers and professionals with an interest in long term care insurance need no longer dig so hard for information. Now they can do as the pros do: have the information come to them, in bits and pieces as it develops. 'We're happy to share our secrets,' says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners LLC (LTCFP), one of America's most experienced long term care insurance agencies.
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NEW YORK CITY PUBLISHERS INC.® #1 Title for 2009 is Why Do Ladies With High Standards Often Get Quality Men?(c) By: LaVern Mccants
Read more information about this outstanding book at www.nycpublishers.org.
THIS IS A MUST-READ BOOK FOR SINGLES!
Place your preorders 24/7 at 877-MUST-READ!
New York City Worldwide Newspaper Corp.TM TOP 50 CHOICE BOOKS
Proven Methods to Increase Reading Skills In Four Months
This is a K-12 Reading Solution That Works!
McCants Speedy Reading Advancement© is Rated New York City Educational Publisher Inc. TM Top Accelerated Reading Advancement Book for 2008.
Order this book at www.books2inspireyouth.com
About the author of MCCANTS SPEEDY READING ADVANCEMENT©
LaVern McCants is a former educator of sorts. She is currently an author and educational consultant that specializes in academic success for youth in grades K-12. As an educator, McCants taught preschool, elementary, junior high and high school. She has also taught both special education and regular education. Throughout her years as an educator, she provided both traditional and innovative methods to increase academic achievement for youth.
After working with youth in diverse educational settings for many years who struggled in the area of reading, Ms. McCants decided to taken a different approach to reaching youth and their families. She has been effective in reaching youth and their families for many years in educational settings, so she decided to solve problematic educational issues as an educational consultant specializing in academic success and as an author so she could help youth experience academic success worldwide.
McCants belief is that parents, educators or concerned adults should not make excuses when youth are not making academic progress. Her belief is that instead of making excuses, it is essential to find solutions. She has demonstrated for many years in many difference methods solutions to provide academic success for youth. McCants Speedy Reading Advancement© is just one way of providing academic success for youth worldwide.
Ms. McCants holds a master's in special education and in educational administration. She has also completed doctoral hours in the field of education.
Open a Book of Academic Success for the Special Youth in Your Life!
NEW YORK CITY PUBLISHERS INC.® #1 Title for 2009 is Why Do Ladies With High Standards Often Get Quality Men?(c) By: LaVern Mccants
Read more information about this outstanding book at www.nycpublishers.org.
THIS IS A MUST-READ BOOK FOR SINGLES!
Orders 24/7 at 877-MUST-READ!
New York City Worldwide Newspaper Corp.TM TOP 50 CHOICE BOOKS
Proven Methods to Increase Reading Skills In Four Months
This is a K-12 Reading Solution That Works!
McCants Speedy Reading Advancement© is Rated New York City Educational Publisher Inc. TM Top Accelerated Reading Advancement Book for 2008.
Order this book at www.books2inspireyouth.com
About the author of MCCANTS SPEEDY READING ADVANCEMENT©
LaVern McCants is a former educator of sorts. She is currently an author and educational consultant that specializes in academic success for youth in grades K-12. As an educator, McCants taught preschool, elementary, junior high and high school. She has also taught both special education and regular education. Throughout her years as an educator, she provided both traditional and innovative methods to increase academic achievement for youth.
After working with youth in diverse educational settings for many years who struggled in the area of reading, Ms. McCants decided to taken a different approach to reaching youth and their families. She has been effective in reaching youth and their families for many years in educational settings, so she decided to solve problematic educational issues as an educational consultant specializing in academic success and as an author so she could help youth experience academic success worldwide.
McCants belief is that parents, educators or concerned adults should not make excuses when youth are not making academic progress. Her belief is that instead of making excuses, it is essential to find solutions. She has demonstrated for many years in many difference methods solutions to provide academic success for youth. McCants Speedy Reading Advancement© is just one way of providing academic success for youth worldwide.
Ms. McCants holds a master's in special education and in educational administration. She has also completed doctoral hours in the field of education.
Open a Book of Academic Success for the Special Youth in Your Life!
LaVern McCants Named New York City Publishers® #1 Writer of the Year
NYC WRITES TO INFORM WORLDWIDE!
For Interviews Contact Corporate At: 212-NYC-WRITERS
Contact Us Toll-free At: 877-NYC-WRITERS
Fax Corporate Headquarters At: 888-NYC-WRITERS
Purchase Her Books At Bookstores Everywhere!
Business and Leisure WORLDWIDE Travelers
New York City Worldwide Newspaper Corporation provides a list of great credit cards for consumers and business owners, travel spots, and a listing of transportation providers worldwide to make traveling more suitable.
We provide a list of hotels to stay at during your travel, as well as fine dining. We also offer provide listings of fast food restaurants and coffee shops worldwide.
While in or out of town, we realize that individuals want to know about local events. We provide a listing of local events worldwide. We also provide local and national television programs for individuals who choose to stay in and relax. For our frequent readers, we also provide titles of books that we have selected as New York City Worldwide Newspaper Corporation Choice Books.
Car Dealerships and Insurance Companies WORLDWIDE
Our newspaper also provides a listing of dealerships worldwide. In addition, we provide great insurance companies and reasons why consumers would choose these companies for their coverage.
Two Authors Share Amazing Real Life Stories. These Stories Are More Than A Coincidence.
This book provides amazing true-life stories. You must read it to believe it! Order your book now or pick up your copy at your local bookstore this fall.
Visit: www.itsnotcoincidenceitsgod.com
It's Not Coincidence It's God(c)
By Mary De LaRosa & Debra Vaughn
These stories are amazing! Each story is more than a coincidence. This is a MUST-READ Publication and truly a choice book!
-New York City Worldwide Newspaper Corp.TM
Place orders at www.itsnotcoincidenceitsgod.com
Additional great publications coming soon include...
For the Sport of It(c)
The Frog That Went to School(c)
Is It Worth It?(c)
Behind the Scences of a Superstar(c)
The Bounce Twice(c)
The Man in Trouble(c)
Lost in a Web (c)
The Answer (c)
Papa Brown(c)
The Lens(c)
Lucky You (c) and many more ...
Employment Opportunities WORLDWIDE
New York City Worldwide Newspaper Corporation realizes that executives, managers, employees, and college students in a variety of fields often seek employment opportunities. We provide listings of employment opportunities worldwide. We also provide listings of colleges and universities that offer a variety of programs to enable individuals to pursue careers of their choice.
New York City Worldwide Newspaper lists great college choices, top recruiters, employment agencies, employers and job fairs throughout the world. This is the newspaper for job seekers.
Real Estate and Rentals WORLDWIDE
New York City Worldwide Newspaper provides listings of top brokers and real estate listings worldwide.
Listings for home purchases, commercial property, apartments, home rentals, or office suite rentals are all listed here on New York City Worldwide Newspaper website.
We provide listings in your area. We also provide listings worldwide.
Our goal is to provide consumers worldwide with everything they need to have a productive life. We provide a newspaper that provides the needs for individuals worldwide.
New York City Worldwide NewspaperTM
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