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Tuesday, November 10, 2009
Today's Headlines & Columnists
Friday, June 19, 2009
Tech Update: China Disables Some Google Functions
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Wednesday, May 6, 2009
EM.com: Today Latest News
Bank of America needs extra US$33.9 billion
WASHINGTON: Bank of America will need 33.9 billion dollars in extra capital from the US government to remain financially stable, The New York Times reported Tuesday. The government has informed the banking giant of its decision, the Times said, citing a bank executive, but the amount is greater than what executives think the bank needs. "We're not happy about it because it's still a big number," said J. Steele Alphin, the bank's chief administrative officer. "We think it should be a bit less at the end of the day." The report came ahead of results Thursday from "stress tests" conducted by US authorities on 19 top banks, including their capital adequacy levels. The Wall Street Journal meanwhile said 10 of the 19 banks subject to the tests may need to raise more capital. The exact number of banks required to raise more funds has not yet been determined, the financial daily said, but those affected could include banking giants Wells Fargo, Bank of America and Citigroup. - AFP/yt |
More than one in five homeowners underwater: Zillow - Reuters/Yahoo News
More than one in five homeowners underwater: ZillowProperties for sale are displayed in the window of Bremis Realty in Somerville, Massachusetts April 2, 2009. REUTERS/Brian Snyder
Wed May 6, 2:58 am ET NEW YORK (Reuters) – Home values in the United States extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth, real estate website Zillow.com said on Wednesday. U.S. home values posted a year-over-year decline of 14.2 percent to a Zillow Home Value Index of $182,378, resulting in a total 21.8 percent drop since the market peaked in 2006, according to Zillow's first-quarter Real Estate Market Reports, which encompass 161 metropolitan areas and cover the value changes in all homes, not just homes that have recently sold. U.S. homes lost $704 billion in value during the first quarter and have depreciated $3.8 trillion in the past 12 months, according to analysis of the reports. Declining home values left 21.9 percent of all American homeowners with negative equity by the end of the first quarter, Zillow said. By comparison, 17.6 percent of all homeowners owed more on their mortgage than their property was worth in the fourth quarter of 2008, and 14.3 percent were underwater in the third quarter of last year, the reports showed. Nine consecutive quarters of declines have left eight regions -- including the Modesto, California, Stockton, California, and Fort Myers, Florida regions -- with median value declines of more than 50 percent since those markets peaked... |
Sunday, May 3, 2009
Clinton returns to Oklahoma bombing site for tour - AP/YahooNews
Clinton returns to Oklahoma bombing site for tourFormer President Bill Clinton speaks at the Clinton Foundation Millennium Network event in Los Angeles on Thursday, April 30, 2009. (AP Photo/Dan Steinberg) By SEAN MURPHY, Associated Press Writer Sean Murphy, Associated Press Writer 23 mins ago OKLAHOMA CITY – Bill Clinton recalled the profound impact of the 1995 Oklahoma City bombing on the nation and his presidency during a private tour of a memorial and museum honoring the 168 people killed. The former president announced Saturday he is joining an honorary national board of trustees that will promote the privately operated Oklahoma City National Memorial and Museum. Clinton was president when the powerful truck bomb tore through the Alfred P. Murrah Federal Building on April 19, 1995. On his fifth visit to the site, the former president declared that the resilience of Oklahomans in the bombing aftermath shows people can draw strength from one another and prevail while confronting "the worst in humanity." "My life has been indelibly marked by the people I met here," Clinton said Saturday in addressing about 200 museum supporters, bombing survivors and former rescue workers. "I came here, more than anything else, to say 'Thank You.'" He added: "The memories I have here ... have changed my life, and I think, fundamentally changed the lives of the nation." Others joining Clinton on the honorary board are former Secretary of Homeland Security Tom Ridge; the Rev. Billy Graham, who led a National Prayer Service days after the bombing; former Oklahoma Gov. Frank Keating and his wife Cathy; and Lee Woodruff, author and wife of TV news reporter Bob Woodruff, who was critically injured in Iraq... |
Saturday, May 2, 2009
Somali pirates hijack ship with Ukrainian crew -AP/Yahoo News
Somali pirates hijack ship with Ukrainian crewFilipino crews of the chemical tanker Stolt Strength are welcomed by their wives upon their arrival in the country Saturday, May 2, 2009 at Manila's international airport after they were released from captivity by Somali pirates. The ship was seized by the pirates and held for more than five months before a US$2.5 million ransom was reportedly paid. (AP Photo/Pat Roque)
By KATHARINE HOURELD, Associated Press Writer Katharine Houreld, Associated Press Writer 17 mins ago NAIROBI, Kenya – Somali pirates have hijacked a British-owned cargo ship crewed by Ukrainians, a NATO spokesman said Saturday. Lt. Cmdr. Alexandre Santos Fernandes said the Maltese-flagged Ariana was hijacked in a rare overnight attack northwest of the Seychelles islands about 1,000 miles (1,600 kilometers) from NATO's operating area. The crew members are all Ukrainian, he said, but ship-owner Seven Seas Maritime Ltd. has not given the exact number of people onboard. In a separate incident, a Portuguese warship seized explosives from suspected Somali pirates after thwarting an attack on a Norwegian-owned oil tanker in the Gulf of Aden. It was the first time NATO forces found pirates armed with raw explosives, Lt. Cmdr. Fernandes said from the Portuguese frigate the Corte-Real, the warship that responded to the attack on the tanker. The four sticks of P4A dynamite — which could be used in demolition, blasting through walls or potentially breaching a the hull of a ship — were destroyed along with four automatic rifles and nine rocket-propelled grenades also confiscated. It was unclear how the pirates planned to use the dynamite, Fernandes said. The Corte-Real had sent a helicopter to investigate a distress call from the crude oil tanker MV Kition late Friday about 100 miles (161 kilometers) north from the Somali coast. The suspects fled to a larger pirate vessel, but were intercepted by the warship an hour later... |
















