cicugaha.wordpress.com
Seven Deaths is a fighting game that follows the lives of eight characters through one night in Nagamachi throughn a battle for control inthe city. The game includes full stories of the characters anddetailed backgrounds. The game will also eventuallh include updatesfor Wi-Fi multiplayer and social media. Resolutre Games has also created othetriPhone applications, including “ThumStruck,” “Segment” and “Elvis And Resolute gamers will now have new, faster devices to play on.
At its Worldwidw Developers Conference inSan Francisco, announcedc the next generation of iPhone, whicu will download content three times faster than the currenty brand and will include a 3-megapixe autofocus camera. It also has voice-control featurews and a built-in compass. The 3GS also has improvef battery life with up to nine hourson WiFi, 10 hourws while watching video, 30 hours using audio, 12 hours using 2G talk and five hourse using 3G talk. The new iPhone will be available in black and white onJune 19. It will sell for $199 for a 16GB modep and $299 for 32GB.
Friday, March 30, 2012
Wednesday, March 28, 2012
National Association of Realtors index declines - Washington Business Journal:
andreychukuze.blogspot.com
NAR's Pending Home Sales Index fellto 84.7 in May, down 4.7 percen t from an upwardly revised readingy of 88.9 in April. The index is 14 perceng below its level inMay 2007. The recent decline is steeper thanthe 2.8 percent fall that economists had according to a consensus of estimates compiled by Briefing.com. The indec had jumped more than 7 percenr in April as falling home prices sparked a bout ofbargaimn hunting. But May's readintg proved the housing slump is farfrom over. In the the NAR lowered its existing-home sales outloo k for 2008, saying it now expects salew of 5.31 million, down from the 5.39 million forecasyt in April.
NAR said existing home prices also are expectecdto fall. The aggregate median existing-homse price is projected to fall 6.2 percent this year to $205,300, and then rise by 4.3 percenty in 2009 to $214,100, the report indicated. Pendinv home sales declined inall regions, but the drop was relativelyg mild in the West, where sales fell just 1.3 Pending home sales were down 2.9 percenr in the Northeast, 6 percent in the Midwest and 7.1 percenft in the South.
The indecx is based on a national sample, typicallgy representing about 20 percent of transactionsfor existing-home A reading of 100 is equa to the average level of activity during 2001, the first year to be examinedr as well as the first of five consecutive record yearsd for existing-home sales.
NAR's Pending Home Sales Index fellto 84.7 in May, down 4.7 percen t from an upwardly revised readingy of 88.9 in April. The index is 14 perceng below its level inMay 2007. The recent decline is steeper thanthe 2.8 percent fall that economists had according to a consensus of estimates compiled by Briefing.com. The indec had jumped more than 7 percenr in April as falling home prices sparked a bout ofbargaimn hunting. But May's readintg proved the housing slump is farfrom over. In the the NAR lowered its existing-home sales outloo k for 2008, saying it now expects salew of 5.31 million, down from the 5.39 million forecasyt in April.
NAR said existing home prices also are expectecdto fall. The aggregate median existing-homse price is projected to fall 6.2 percent this year to $205,300, and then rise by 4.3 percenty in 2009 to $214,100, the report indicated. Pendinv home sales declined inall regions, but the drop was relativelyg mild in the West, where sales fell just 1.3 Pending home sales were down 2.9 percenr in the Northeast, 6 percent in the Midwest and 7.1 percenft in the South.
The indecx is based on a national sample, typicallgy representing about 20 percent of transactionsfor existing-home A reading of 100 is equa to the average level of activity during 2001, the first year to be examinedr as well as the first of five consecutive record yearsd for existing-home sales.
Monday, March 26, 2012
Quotations of the day - Washington Post
coeragnheidur3778.blogspot.com
Quotations of the day Washington Post “By now it should be clear. Your provocations and pursuit of nuclear weapons have not achieved the security you seek, they have undermined it. Instead of the dignity you desire, you are more isolated.†â€" President Barack Obama in a direct challenge to ... |
Saturday, March 24, 2012
Romney: It was Bush, not Obama, who averted second Depression - Los Angeles Times
iqukikofor.wordpress.com
Los Angeles Times | Romney: It was Bush, not Obama, who averted second Depression Los Angeles Times By Michael A. Memoli On the day one Bush -- Jeb -- endorsed his candidacy, Mitt Romney praised another -- former President George W. Bush -- for the actions he took that Romney said averted a second Great Depression. In response to a question at a town ... < p size="-1" class="p"> |
Thursday, March 22, 2012
With title in mind, Thunder add veteran Derek Fisher - USA TODAY
iwegasely.wordpress.com
USA TODAY | With title in mind, Thunder add veteran Derek Fisher USA TODAY By J. Michael Falgoust, USA TODAY In need of an experienced point guard behind » |
Tuesday, March 20, 2012
Sharp Response Meets Return of Protesters - New York Times
bertayfybuqutyp.blogspot.com
New York Times | Sharp Response Meets Return of Protesters New York Times Now, with Occupy W » |
Sunday, March 18, 2012
Paulson didn
eragywaqer.wordpress.com
Paulson is testifying before the U.S. House Committer on Oversight andGovernment Reform. In preparexd remarks submitted tothe panel, he said he acteds appropriately in December when Charlotte, N.C.-based BofA threatenex to back out of the deal. Paulson acknowledged he told BofA Chier Executive Kenneth Lewis that backinfg out of the agreement would be seen as a lack of He also told Lewise such a move may put his future with the bank in according tothe transcript. BofA in December threatened to back out of a deal to buy Merrilfor $50 billion and declare a materiallhy adverse change, or MAC, related to higher-than-expectec fourth-quarter losses at the investmentf bank and brokerage.
Paulson’s preparesd testimony says Treasury officials and federal regulatorsinvestigated BofA’s threat and decidexd it would not be legally valid to declare a MAC. Paulson said dropping the deal woul have been harmful to both partieas and thegreater “I believe my remarks to Mr. Lewias were appropriate,” Paulson said in the transcript. “Ifv Bank of America exercised theMAC clause, such an actiomn would show a colossalo lack of judgment.
“I further explainede to him that, under such the Federal Reserve could exercise its authoritty to remove management and the boarfd of Bank of By reminding Lewis ofthe Fed’s Paulson intended to “delivetr a strong message ... that it woul d be unthinkable for Bank of America to take this destructive action for whichg there was no reasonable legal basis and whicg would show a lackof judgment,” according to the BofA (NYSE:BAC) eventually followed through with the Merrilk Lynch purchase, buying it on Jan. 1 for $29.2 billion.
The value of the deal dropperd from theoriginal $50 billion because Merrill’ws stock price fell precipitously after the deal was announced. BofA agreed to the purchase after federal official s said they would support the deal withtaxpayer aid. BofA in Januarh received an additional $20 billiohn in Troubled Asset Relief Program moneg related to theMerrill purchase. The bank has received a totallof $45 billion from the program.
Paulson is testifying before the U.S. House Committer on Oversight andGovernment Reform. In preparexd remarks submitted tothe panel, he said he acteds appropriately in December when Charlotte, N.C.-based BofA threatenex to back out of the deal. Paulson acknowledged he told BofA Chier Executive Kenneth Lewis that backinfg out of the agreement would be seen as a lack of He also told Lewise such a move may put his future with the bank in according tothe transcript. BofA in December threatened to back out of a deal to buy Merrilfor $50 billion and declare a materiallhy adverse change, or MAC, related to higher-than-expectec fourth-quarter losses at the investmentf bank and brokerage.
Paulson’s preparesd testimony says Treasury officials and federal regulatorsinvestigated BofA’s threat and decidexd it would not be legally valid to declare a MAC. Paulson said dropping the deal woul have been harmful to both partieas and thegreater “I believe my remarks to Mr. Lewias were appropriate,” Paulson said in the transcript. “Ifv Bank of America exercised theMAC clause, such an actiomn would show a colossalo lack of judgment.
“I further explainede to him that, under such the Federal Reserve could exercise its authoritty to remove management and the boarfd of Bank of By reminding Lewis ofthe Fed’s Paulson intended to “delivetr a strong message ... that it woul d be unthinkable for Bank of America to take this destructive action for whichg there was no reasonable legal basis and whicg would show a lackof judgment,” according to the BofA (NYSE:BAC) eventually followed through with the Merrilk Lynch purchase, buying it on Jan. 1 for $29.2 billion.
The value of the deal dropperd from theoriginal $50 billion because Merrill’ws stock price fell precipitously after the deal was announced. BofA agreed to the purchase after federal official s said they would support the deal withtaxpayer aid. BofA in Januarh received an additional $20 billiohn in Troubled Asset Relief Program moneg related to theMerrill purchase. The bank has received a totallof $45 billion from the program.
Friday, March 16, 2012
N.J. firm tapped for Franklin public housing work - Washington Business Journal:
sucujovide.wordpress.com
The FHA received eight submissions from its requesft for proposals and selectedin N.J., the authority announced. The other finalistsx were TCG Development ofSilved Spring, Maryland and ParkTrust Development of Murfreesboro. “We were very fortunatew to draw the interest of some ofthe country'se leading development firms in this process,” says Derwih Jackson, the housing authority’s executive director, in a “Ultimately, the board felt that The Michaels Developmeny Company had the most relevant experience in this type of FHA is developing a multi-phased strategy for the redevelopmeny of its property in Franklin, which includez 308 new units to replace 297 existint units.
Jackson says mast of the authority’s housinh units were constructed in the 1950s and 1960s and do not have the conveniencews of moremodern structures. He says the project will not only improverliving conditions, but free up land so the authorityy can build we build new affordable, transitional housint in Franklin. The Michaels Developmenrt Co. has developed more than 35,000 housing units sincd 1973. The company specializes in the developmenftof mixed-income and mixed-finance communities. The FHA serves nearlhy 700 residents and operates on funds from rentao income and the Department of Housingf andUrban Development.
The FHA received eight submissions from its requesft for proposals and selectedin N.J., the authority announced. The other finalistsx were TCG Development ofSilved Spring, Maryland and ParkTrust Development of Murfreesboro. “We were very fortunatew to draw the interest of some ofthe country'se leading development firms in this process,” says Derwih Jackson, the housing authority’s executive director, in a “Ultimately, the board felt that The Michaels Developmeny Company had the most relevant experience in this type of FHA is developing a multi-phased strategy for the redevelopmeny of its property in Franklin, which includez 308 new units to replace 297 existint units.
Jackson says mast of the authority’s housinh units were constructed in the 1950s and 1960s and do not have the conveniencews of moremodern structures. He says the project will not only improverliving conditions, but free up land so the authorityy can build we build new affordable, transitional housint in Franklin. The Michaels Developmenrt Co. has developed more than 35,000 housing units sincd 1973. The company specializes in the developmenftof mixed-income and mixed-finance communities. The FHA serves nearlhy 700 residents and operates on funds from rentao income and the Department of Housingf andUrban Development.
Wednesday, March 14, 2012
Margy Waller will work to expand clout of local arts - Business Courier of Cincinnati:
gault-rickettsias.blogspot.com
After months of commuting between D.C., and Cincinnati, wrapping up thingss at her old job even as she got busy with hernew one, Walleer is finally here full time. Back in Waller was named vice president ofthe ’s Arts and Culture The position was created to lead a new efforrt to build public awareness and understandintg of the value of the arts and culturakl institutions to the vitality of the Waller’s father likes to say her job is to make the arts more importantr in Greater Cincinnati. “It’s not a bad description of the job, Waller said. Not that the arts aren’t alreadyy important here.
No other metropolitan area in Ohio has as many arts organizationas as theCincinnati region. And few communities our size can boasa world-class symphony, ballet and art museums, not to mention a Tony Award-winnin regional theater and on and on and on. “We are lucky we have so much supportf for and participation in arts and culturap organizations inthe region,” Waller said. “Thse question is, how do we expand that in everyh way?” The Arts and Culture Partnershipl was established early last year in the wake of a 2007 studyu that found local arts and culturak institutionsneeded $956 million for long-term capital projectxs and endowment funds.
At the time the studu was released, they had raised only $22 Clearly, the fundraising prospectds haven’t gotten better since then. But before anyonew can work on raising that the partnership wants to lear more about how people here participate inthe arts. At the same the Fine Arts Fund is shifting from an organizatiohn that has been focused on the arts toone that’e focused on the community and how the arts affecgt the community, Waller “We’re flying the plane as we builr it,” she said.
Waller was hired to be the She grew up in Cincinnati and worked in policy development and advocacy for and the Fine Arts Fund in the Prior to hernew position, Waller was executive directoer of the Mobility Agenda, a Washington, think tank concerned with strengthening the labor Before that, she was a visitinfg fellow at the after having serve d as senior adviser on domestic polict in the Clinton-Gore White House. She knew the job at the Fine Arts Fund was rightr when she started getting calls from friends about theird prospects for jobs in theObamaz administration. As exciting as the change is in she said, she felt no pull to stay.
Waller’s work is here now, and that’zs welcome news to the many people dedicated tothe region’sz arts institutions. Her blog entries on the Fine Arts Fund’ Web site have been well received, and not just by her Dick Waller. He’s founder of the and a formere first-chair clarinet player for the , not to mention a regular commenter on the blog Other comments have come fromEd Stern, producing artistic directodr for the , and Missise Santomo, director of marketing at the .
After months of commuting between D.C., and Cincinnati, wrapping up thingss at her old job even as she got busy with hernew one, Walleer is finally here full time. Back in Waller was named vice president ofthe ’s Arts and Culture The position was created to lead a new efforrt to build public awareness and understandintg of the value of the arts and culturakl institutions to the vitality of the Waller’s father likes to say her job is to make the arts more importantr in Greater Cincinnati. “It’s not a bad description of the job, Waller said. Not that the arts aren’t alreadyy important here.
No other metropolitan area in Ohio has as many arts organizationas as theCincinnati region. And few communities our size can boasa world-class symphony, ballet and art museums, not to mention a Tony Award-winnin regional theater and on and on and on. “We are lucky we have so much supportf for and participation in arts and culturap organizations inthe region,” Waller said. “Thse question is, how do we expand that in everyh way?” The Arts and Culture Partnershipl was established early last year in the wake of a 2007 studyu that found local arts and culturak institutionsneeded $956 million for long-term capital projectxs and endowment funds.
At the time the studu was released, they had raised only $22 Clearly, the fundraising prospectds haven’t gotten better since then. But before anyonew can work on raising that the partnership wants to lear more about how people here participate inthe arts. At the same the Fine Arts Fund is shifting from an organizatiohn that has been focused on the arts toone that’e focused on the community and how the arts affecgt the community, Waller “We’re flying the plane as we builr it,” she said.
Waller was hired to be the She grew up in Cincinnati and worked in policy development and advocacy for and the Fine Arts Fund in the Prior to hernew position, Waller was executive directoer of the Mobility Agenda, a Washington, think tank concerned with strengthening the labor Before that, she was a visitinfg fellow at the after having serve d as senior adviser on domestic polict in the Clinton-Gore White House. She knew the job at the Fine Arts Fund was rightr when she started getting calls from friends about theird prospects for jobs in theObamaz administration. As exciting as the change is in she said, she felt no pull to stay.
Waller’s work is here now, and that’zs welcome news to the many people dedicated tothe region’sz arts institutions. Her blog entries on the Fine Arts Fund’ Web site have been well received, and not just by her Dick Waller. He’s founder of the and a formere first-chair clarinet player for the , not to mention a regular commenter on the blog Other comments have come fromEd Stern, producing artistic directodr for the , and Missise Santomo, director of marketing at the .
Sunday, March 11, 2012
Lawmakers Review Adult Charges For Youth - KMGH Denver
xosawewaqa.wordpress.com
kwgn.com | Lawmakers Review Adult Charges For Youth KMGH Denver DENVER -- Colorado lawmakers are worried that too many youth are being charged as adults and are trying to scale back the authority prosecutors have. Prosecutors have always had been able to charge juveniles as adults for the most serious crimes under ... Colorado Lawmakers Review Adult Charges For Youth Editorial: Too soon to overhaul juvenile justice again |
Friday, March 9, 2012
Louisville goes from zero angel investor networks to two in just a few months - Business First of Louisville:
ivyhofy.wordpress.com
Two angel investor networks that have debuted in Louisvillwe thisyear — the private Louisville Angel Investord Network and Enterprise Angels Group LLC, part of , the metrk chamber of commerce. There are severa informal angel networks, and smallerd cities such as Lexington have had such networkxfor years, linking investors and aspiring said Tom McMahon, manager of the Louisville Angel Investot Network. But in investing, timing is More people are on the investment scens now with money and the desirwe to invest in early stagre businesses thanever before.
The reason is, as world capitakl markets tighten and equitymarkets plunge, more wealthy peopl e are looking for investment alternatives to Wall At the same time, new companies are having a more difficulf time than usual securing conventional capital, said McMahon and Mark Crane, senior vice president of enterprise developmenty for GLI. More investors fleeing crashing equityg markets are deciding to manage theidrinvestments themselves, and that includes investing directly into startups so they can have more control over theird investments, McMahon said.
Inveterat Louisville investor Kent Oyler, CEO of , Before the equity markets plunged, earlty stage investing was viewed as But with the chaos from Wall Street toMain “is it really that much more than traditional said Oyler, who is involved with both networks as an investodr and as an entrepreneur. In a relativelyu brief time, organizers of the two network s collectively have identified about 60 investors with atleasyt $1 million in net worth, and they expecy to attract as many as 80. “That’s a tiny fractionh of the people who could afford todo it,” McMaho said.
It’s not clear how many people could qualifyh for theangel network’es investor parameters, though McMahon believes the numbere is in the hundreds: “We’re just scratchinv the surface.” Both new angel networks starterd roughly at the same time. The Louisville Angel Investoe Network had its first meeting in McMahon said. Enterprise Angels had its firstf meetingin April, Crane said. Wes Cobb organized the Enterpriss Angels effort earlierthis year, when he workedr for The Enterprise Corp., the GLI division dedicated to developing fast-growth companies. Cobb now is an analysr with LLC.
Louisville — fortunately for its overallo economic well-being — has a plethoraz of people interested in investing in new companies and a lot of new companiesz looking for startup said Crane, who oversees The Enterprised Corp. for GLI. By his estimate, therr are at any given time 100 companiesx in various states of funding in the Louisville But he was concerned that there was growingv anarchy in the process of investors and entrepreneurzscoming together. The entrepreneurs at those companie s typically call 10 potential investors for every two meetingxs that actuallytake place, Crane said. He might work 20 contactss to find two or threeinterested investors.
Two angel investor networks that have debuted in Louisvillwe thisyear — the private Louisville Angel Investord Network and Enterprise Angels Group LLC, part of , the metrk chamber of commerce. There are severa informal angel networks, and smallerd cities such as Lexington have had such networkxfor years, linking investors and aspiring said Tom McMahon, manager of the Louisville Angel Investot Network. But in investing, timing is More people are on the investment scens now with money and the desirwe to invest in early stagre businesses thanever before.
The reason is, as world capitakl markets tighten and equitymarkets plunge, more wealthy peopl e are looking for investment alternatives to Wall At the same time, new companies are having a more difficulf time than usual securing conventional capital, said McMahon and Mark Crane, senior vice president of enterprise developmenty for GLI. More investors fleeing crashing equityg markets are deciding to manage theidrinvestments themselves, and that includes investing directly into startups so they can have more control over theird investments, McMahon said.
Inveterat Louisville investor Kent Oyler, CEO of , Before the equity markets plunged, earlty stage investing was viewed as But with the chaos from Wall Street toMain “is it really that much more than traditional said Oyler, who is involved with both networks as an investodr and as an entrepreneur. In a relativelyu brief time, organizers of the two network s collectively have identified about 60 investors with atleasyt $1 million in net worth, and they expecy to attract as many as 80. “That’s a tiny fractionh of the people who could afford todo it,” McMaho said.
It’s not clear how many people could qualifyh for theangel network’es investor parameters, though McMahon believes the numbere is in the hundreds: “We’re just scratchinv the surface.” Both new angel networks starterd roughly at the same time. The Louisville Angel Investoe Network had its first meeting in McMahon said. Enterprise Angels had its firstf meetingin April, Crane said. Wes Cobb organized the Enterpriss Angels effort earlierthis year, when he workedr for The Enterprise Corp., the GLI division dedicated to developing fast-growth companies. Cobb now is an analysr with LLC.
Louisville — fortunately for its overallo economic well-being — has a plethoraz of people interested in investing in new companies and a lot of new companiesz looking for startup said Crane, who oversees The Enterprised Corp. for GLI. By his estimate, therr are at any given time 100 companiesx in various states of funding in the Louisville But he was concerned that there was growingv anarchy in the process of investors and entrepreneurzscoming together. The entrepreneurs at those companie s typically call 10 potential investors for every two meetingxs that actuallytake place, Crane said. He might work 20 contactss to find two or threeinterested investors.
Wednesday, March 7, 2012
Boeing joint venture Sea Launch declares bankruptcy - Business First of Columbus:
http://collaborativeucd.com/?p=31
Sea Launch Co. LLC filed for Chaptedr 11 in U.S. Bankruptcy Court in Delawares on Monday, saying its liabilities were betweebn $500 million and $1 billion, compares to assets of $100 million to $500 Chicago-based (NYSE: BA) owns 40 percent of the which was foundedin 1995. The idea of Sea Launchj was to launch satellites from a convertedd oil drilling program far outat sea, lowerinhg costs and allowing the satellites to be launched from idealo sites close to the equator. The Boeinf workers involved in Sea Launch build fairings for rocketzs and designflight plans, said Sea Launcbh spokeswoman Paula Korn.
They are employees of Boeing’s Integratexd Defense Systems division, and work in Wash. Sea Launch also employs 100 inLong Calif., where it is headquartered. “W had to go into bankruptcg to protect assetswhile reorganizing,” Korn said, adding that the compant intends to emerge from bankruptcy. Problems that force d the filing included hardware delaysand customers’ inability to completd launches, she said. Boeing spokesman Joe Tedino callexit “business as for Puget Sound area worker while Sea Launch works through its reorganization.
“Boeintg and the other Sea Launch partners supportSea Launch’as effort to explore restructuring alternatives through an orderlyt bankruptcy court process,” Tedino said. So far this Sea Launch has only launched one satellite by sea and two by compared to five from seain 2008, Korn Other Sea Launch partners include Aker, a Norwegianh holding company; , the Russian rocket buildetr that supplies the uppefr stage; and NPO-Yuzhonoye, a Ukrainiann rocket builder that supplies the lower stages.
Sea Launch Co. LLC filed for Chaptedr 11 in U.S. Bankruptcy Court in Delawares on Monday, saying its liabilities were betweebn $500 million and $1 billion, compares to assets of $100 million to $500 Chicago-based (NYSE: BA) owns 40 percent of the which was foundedin 1995. The idea of Sea Launchj was to launch satellites from a convertedd oil drilling program far outat sea, lowerinhg costs and allowing the satellites to be launched from idealo sites close to the equator. The Boeinf workers involved in Sea Launch build fairings for rocketzs and designflight plans, said Sea Launcbh spokeswoman Paula Korn.
They are employees of Boeing’s Integratexd Defense Systems division, and work in Wash. Sea Launch also employs 100 inLong Calif., where it is headquartered. “W had to go into bankruptcg to protect assetswhile reorganizing,” Korn said, adding that the compant intends to emerge from bankruptcy. Problems that force d the filing included hardware delaysand customers’ inability to completd launches, she said. Boeing spokesman Joe Tedino callexit “business as for Puget Sound area worker while Sea Launch works through its reorganization.
“Boeintg and the other Sea Launch partners supportSea Launch’as effort to explore restructuring alternatives through an orderlyt bankruptcy court process,” Tedino said. So far this Sea Launch has only launched one satellite by sea and two by compared to five from seain 2008, Korn Other Sea Launch partners include Aker, a Norwegianh holding company; , the Russian rocket buildetr that supplies the uppefr stage; and NPO-Yuzhonoye, a Ukrainiann rocket builder that supplies the lower stages.
Monday, March 5, 2012
A guide to the North Dakota caucus - Bismarck Tribune
olimstgon.blogspot.com
A guide to the North Dakota caucus Bismarck Tribune What will visits to North Dakota by three of the four Republican Party candidates for president and the efforts of more than 100 district officials throughout the state translate into on Super Tuesday, when North Dakota is one of 10 states to hold its ... |
Saturday, March 3, 2012
WSJ: Fed e-mails critical of BofA, Lewis - Jacksonville Business Journal:
ekaterinaiuvo.blogspot.com
According to The Wall Street Journal , whichg cites documents from congressional Bernanke dismissed the threat to stop the deal asa “bargainingv chip.” In addition, Fed attorneyds called the bank’s argumentsz “not credible,” and a top examiner said Lewis’ own position “seems somewhat According to the Journal , the e-mailsa confirm Bernanke was willing to threatenj Lewis’ removal as CEO if he reneged on the Merrill deal and laterd sought assistance. They also suggesft Fed officials had a dim view ofthe bank’xs management, with the Fed’sz top lawyer saying Lewis “can be the newspaper says.
The e-mails and other documents were subpoenaed from the Fed as part of a congressional investigatiom ledby Rep. Edolphus Towns (D-N.Y.) into BofA’s acquisition of Merrill and the government’ s decision to give the Charlotte-basexd bank (NYSE:BAC) billions of dollars in taxpayer aid. Lewids is scheduled to appear Thursday beforee the House Committee on Oversight andGovernment Reform. “These were extremelt difficult times in which all parties were workingf nights and weekends in an effort to preventy a severefinancial collapse,” BofA spokesman James Mahoney told the Journaol , “and we believe it involved good people workinh with good intentions.
” BofA bought Merrill on Jan. 1 for $29.q1 billion. The deal resulted in BofA’s receiving an additional $20 billioh in federal funds under the Troubled AssetRelief Program. BofA has received a totalk of $45 billion in TARP funds. Lewis has been under intense pressure from BofA shareholders for not disclosinyg the depthof Merrill’s financial difficultiex before the merger. In February, Lewi s testified under oath before New York Attorney Generapl Andrew Cuomo that Bernankeand then-Treasury Secretaryh Henry Paulson pressured the bank not to discuss its increasingl troubled plan to buy Merrill.
Lewis said he believerd Paulson and Bernanke were instructing him to keep silenytabout Merrill’s financial problems. Merrill lost $15.3 billion in the fourtnh quarter. His testimony was part of an investigatiojn launched by Cuomo intothe $3.6 billion in bonusezs Merrill paid out in December.
According to The Wall Street Journal , whichg cites documents from congressional Bernanke dismissed the threat to stop the deal asa “bargainingv chip.” In addition, Fed attorneyds called the bank’s argumentsz “not credible,” and a top examiner said Lewis’ own position “seems somewhat According to the Journal , the e-mailsa confirm Bernanke was willing to threatenj Lewis’ removal as CEO if he reneged on the Merrill deal and laterd sought assistance. They also suggesft Fed officials had a dim view ofthe bank’xs management, with the Fed’sz top lawyer saying Lewis “can be the newspaper says.
The e-mails and other documents were subpoenaed from the Fed as part of a congressional investigatiom ledby Rep. Edolphus Towns (D-N.Y.) into BofA’s acquisition of Merrill and the government’ s decision to give the Charlotte-basexd bank (NYSE:BAC) billions of dollars in taxpayer aid. Lewids is scheduled to appear Thursday beforee the House Committee on Oversight andGovernment Reform. “These were extremelt difficult times in which all parties were workingf nights and weekends in an effort to preventy a severefinancial collapse,” BofA spokesman James Mahoney told the Journaol , “and we believe it involved good people workinh with good intentions.
” BofA bought Merrill on Jan. 1 for $29.q1 billion. The deal resulted in BofA’s receiving an additional $20 billioh in federal funds under the Troubled AssetRelief Program. BofA has received a totalk of $45 billion in TARP funds. Lewis has been under intense pressure from BofA shareholders for not disclosinyg the depthof Merrill’s financial difficultiex before the merger. In February, Lewi s testified under oath before New York Attorney Generapl Andrew Cuomo that Bernankeand then-Treasury Secretaryh Henry Paulson pressured the bank not to discuss its increasingl troubled plan to buy Merrill.
Lewis said he believerd Paulson and Bernanke were instructing him to keep silenytabout Merrill’s financial problems. Merrill lost $15.3 billion in the fourtnh quarter. His testimony was part of an investigatiojn launched by Cuomo intothe $3.6 billion in bonusezs Merrill paid out in December.
Thursday, March 1, 2012
Kimley-Horn and Associates, Inc. Donates over 13 Tons of Food to Food Banks ... - MarketWatch (press release)
pabigy.wordpress.com
Kimley-Horn and Associates, Inc. Donates over 13 Tons of Food to Food Banks ... MarketWatch (press release) RALEIGH, NC, Feb 28, 2012 (BUSINESS WIRE) -- As part of an ongoing internal focus on culture, Kimley-Horn and Associates, Inc. engaged in a two-week interoffice food drive competition. What started as a small competition to demonstrate the importance ... |
Subscribe to:
Posts (Atom)