XIAM007

Making Unique Observations in a Very Cluttered World

Thursday, 6 May 2010

Too Big to Fail? - Freddie Mac asked for an additional 10.6 billion dollars from the Treasury Department to cover losses -

Too Big to Fail? - Freddie Mac asked for an additional 10.6 billion dollars from the Treasury Department to cover losses -








WASHINGTON (AFP) - – Troubled US government-backed mortgage firm Freddie Mac on Wednesday asked for an additional 10.6 billion dollars from the Treasury Department to cover losses.
Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year.
The Washington-area company has already received more than 50 billion dollars in taxpayers cash to cover losses from toxic assets.
It warned that further demands would be on the way: "Freddie Mac expects to request additional draws," the firm said in a statement.
"The size and timing of such draws will be determined by a variety of factors that could adversely affect the company's net worth."
In 2008, the government pledged to ensure that Freddie Mac, and its larger sister organization Fannie Mae, kept a "positive net worth."
The deal was designed to prop up the vital US housing market from collapsing totally and pushing the economy over the precipice.
But in a sign that the US housing sector is still in difficulty, Freddie said the percentage of its loans not paid on time or in full rose to 4.13 percent in the first three months of the year.
In the final three months of last year the rate stood at 3.98 percent.
The future of Fannie and Freddie has become the latest bone of contention between Democrats who argue they must remain government-backed to aid low-income housing and Republicans who advocate their privatization.
In March, Treasury Secretary Timothy Geithner swatted aside pressure for a swift reform of the mortgage giants as data pointed to a still struggling real estate market.
Geithner told Congress any restructuring of Fannie Mae and Freddie Mac, which received a 100-billion-dollar-plus government bailout at the height of the housing crisis, "must be done as part of a reform of the wider housing finance system."
Geithner argued reforms would "take several months" to develop and should only be "enacted and executed at a time of greater market stability."

Tuesday, 4 May 2010

Monday, 3 May 2010

U.S. government on Monday confirmed what many travellers already suspected: airlines made $7.8B US from extra fees -

U.S. government on Monday confirmed what many travellers already suspected: airlines made $7.8B US from extra fees - 








The U.S. government on Monday confirmed what many travellers already suspected: airlines are making more and more of their revenue from the extra fees they charge for everything from baggage to seat reservations.
The Department of Transportation said revenue from so-called ancillary fees rose 42 per cent to $7.8 billion US in 2009.
The biggest chunk of that came from checked baggage fees, which were introduced in 2008 when oil prices soared, eventually reaching $147 per barrel.
Besides checked bags, other fees include those for reservation changes, pet travel and mileage sales.
United and Continental, which on Monday announced plans to combine to form the world's biggest airline, were sixth and seventh among carriers in fees collected. United took in $619.5 million in fees, Continental $539.7 million.
Delta, currently the world's largest airline, collected the most revenue from fees at $1.65 billion. American was second, followed by US Airways.
Southwest doesn't charge for the first two checked bags, but it still earned fourth place in the fee rankings. Southwest, which carries more passengers than any other U.S. airline, charges $50 for a third checked bag and also has fees for pets travelling in the cabin and unaccompanied minors.
Smaller discount carrier Spirit Airlines isn't in the top 10, but 21 per cent of its total operating revenue came from extra fees — more than any other carrier in the October-to-December period.

Read more: http://www.cbc.ca/consumer/story/2010/05/03/con-airline-fees.html#ixzz0muQKtNPF

Daily Show writers wrote the jokes for the Obama White House Correspondents' Dinner -

Daily Show writers wrote the jokes for the Obama White House Correspondents' Dinner - 






The returns from the White House Correspondents' Dinner are in. Lloyd Grove on how the president thoroughly upstaged the king of late-night comedy at Washington's media prom. Plus, watch the nine best moments.
Obama killed. Leno died. Plus, watch the nine best moments.
Once again, the standup routines of Barack Obama and then Jay Leno at the White House Correspondents' Dinner Saturday night demonstrated that the most dangerous job in comedy is following the president of the United States—especially when the latter has better writers.
And since all this took place in the City of Who’s-Up-Who’s-Down—in a claustrophobia-inducing hotel ballroom three levels below the street, suffused in a sickly blue light and crammed with 3,000 professional shmoozers—everybody was keeping score.


“The only person whose ratings fell more than mine did last year is here. Great to see you, Jay!” Obama dinged the off-and-on Tonight show host, who, when his turn came on the podium at the Washington Hilton, proceeded to confirm just why that might be true.
Obama—aided (as presidential political guru David Axelrod acknowledged to me when the show was over) by the razor-sharp jokesters from The Daily Show—came armed with fresh and funny material that prompted some of the biggest laughs I’ve witnessed the Leader of the Free World receiving in more than two decades of attending this strange Washington media-political celebration of self-congratulation—a tribal (and, to outside observers, potentially unappealing) rite of spring in which supposedly discerning and skeptical journalists laugh their posteriors off and lavishly kiss the one belonging to the Comedian-in-Chief.
Even correcting for an undoubtedly unfair comedy advantage (in which any joke uttered by any president is automatically five notches funnier than the same one that slipped off the tongue of a mere mortal), Obama is a natural entertainer who has, among all the other things he has been doing in the past year, sharpened his comic timing and delivery.


Leno, while entirely competent, recycled and repurposed old material from his television show—and even made a mother-in-law joke. After one of his japes was greeted by eerie silence, it was hard not to feel a tinge of sympathy for him when he marveled desperately, “This is a tough room!”
But not for Obama, who pretty much scored on every shot. A few highlights:
• “It's been quite a year since I've spoken here last — lots of ups, lots of downs — except for my approval ratings, which have just gone down. ..But that's politics. It doesn’t bother me. Beside I happen to know that my approval ratings are still very high in the country of my birth.
• “Obviously I'm most pleased that Michelle accompanied me. She doesn’t always go to these things. And there are few things in life that are harder to find and more important to keep than love—well, love and a birth certificate.
• “The Jonas Brothers are here ... Sasha and Malia are huge fans. But, boys, don't get any ideas. I have two words for you—predator drones. You will never see it coming. You think I'm joking.
• “I saw Michael Steele backstage when we were taking pictures—AKA Notorious GOP. Michael, who knows what truly plagues America today—taxation without representin’. My brother.
• “I've learned this year politics can be a tough business, but there are times where you just can't help but laugh. You know what really tickles me? Eric Massa. Apparently Massa claimed that Rahm came up to him one day in the House locker room, stark naked, started screaming obscenities at him. To which I say, welcome to my world.”

It didn’t help the situation for Leno that he showed up for his close up with a few similar jokes, such as one addressing Rahm Emanuel’s salty tongue and another on John Boehner’s orangey tan. At the Vanity Fair afterparty, Bill Maher told me that his pal Leno shouldn’t be judged too severely—“He was following the president; he did as well as anybody could in that situation.” But Dennis Quaid wasn’t buying it. “He’s a professional. That’s supposed to be his job. You can’t make excuses for him,” the actor said as a balmy breeze wafted over the crowded balcony at the French ambassador’s residence.

Thus the dinner—Washington’s version of performance art as bloodsport—capped a marathon of cocktail-fueled networking among politicians, policymakers, celebrities and media types that had gotten under way the evening before. New York Mayor Mike Bloomberg had to suddenly leave his own party--which his financial information and news company co-hosted with Vanity Fair—and head back home after a bomb was discovered in Midtown Manhattan. I found him standing in the middle of Connecticut Avenue, getting ready to climb into an SUV and head for the airport. "What are you doing here?" I asked, unaware of the emergency. "Just enjoying myself," Bloomberg answered, poker-faced and giving away nothing.
Hardly anyone paid attention to a National Enquirer scooplet about an alleged Obama mistress from his 2004 Senate campaign. “It’s bullshit,” a top White House aide told me confidently, and staffers of the White House press office professed not even to be aware of it.
It seems that, after a scary dry spell of advertising declines, the media business is starting to pick up again: On Friday night, The New Yorker, Atlantic Media and People Magazine all hosted extravagant parties, and there was an even greater proliferation of red carpets this weekend than in years past. At Saturday’s traditional pre-dinner brunch at television producer Tammy Haddad’s house—which used to be an intimate, almost homey, affair—working journalists were corralled in behind ropes in the driveway, and the crush in the back yard, under a scorching sun or sweltering tents, was so oppressive that one reveler asked me, “Don’t you think this weekend has jumped the shark?”
Maybe not the shark; possibly a whale.

Saturday, 1 May 2010

In To The Universe With Steven Hawking - fascinating documentary about the possibilities of time travel -

In To The Universe With Steven Hawking - fascinating documentary about the possibilities of time travel -

Part One -



Part Two -



Part Three -

Friday, 30 April 2010

72-YEAR-OLD granny is having an incestuous affair with her own GRANDSON — and the pair are set to have a BABY -

72-YEAR-OLD granny is having an incestuous affair with her own GRANDSON — and the pair are set to have a BABY -



Grey-haired Pearl Carter has allegedly began a bizarre relationship with her 26-year-old grandchild Phil Bailey.

Pearl, from Indiana, is now using her pension to pay $54,000 (£35,000) to a surrogate mother so they can have a child, say reports in New Idea magazine in New Zealand.

Pearl said: "I'm not interested in anyone else's opinion. I am in love with Phil and he's in love with me. Soon I'll be holding my son or daughter in my arms and Phil will be the proud dad."

The story has swept the internet.

But doubts have been raised by internet bloggers because of the lack of detail.


Phil is the son of Pearl's daughter Lynette Bailey — who the pensioner put up for adoption when she was just 18, the magazine reported.

When Lynette died, Phil tracked down his long lost gran — 46 years his senior — and they started their strange relationship.

Pearl told New Idea: "From the first moment that I saw him, I knew we would never have a grandmother-grandson relationship. For the first time in years I felt sexually alive."

The pair spent their first week together shopping, bowling and eating out.

Pearl said: "I called Phil into my bedroom, sat him on the bed, and then I leant over and kissed him.

"I expected rejection but instead he kissed me back."

Phil told the magazine he had the same feelings towards Pearl.

He revealed: "I wanted to kiss her there and then. My feelings were overwhelming.

"I love Pearl with all my heart. I've always been attracted to older women and I think Pearl is gorgeous. Now I'm going to be a dad and I can't wait.

"Yes, we get laughed at and bullied when we go out and kiss in public but we don't care. You can't help who you fall for."

The pair have asked 30-year-old Roxanne Campbell to carry their child.

Pearl said: "I am finally going to be a mum and not forced to give up my child. Phil's going to be a great dad. I never in a million years thought at 72 I'd be 'pregnant' and in love with my grandson.

"I make no apologies and I believe God's given me a second chance."

Pearl says the relationship is not wrong after a friend told her about Genetic Sexual Attraction (GSA) syndrome, which occurs when close relatives meet as adults and find they are attracted to each other.


She said: "I could now understand my feelings and realise they weren't wrong."

Pearl was 18 when she fell pregnant with daughter Lynette. She was living with her Catholic parents in Indiana and they insisted she give the baby away.

They organised a private adoption and Pearl never saw her baby girl again.

Pearl went on to marry but she never had any more children. Instead she searched for her lost daughter until finally giving up hope 15 years ago.

Phil met Pearl for the first time in 2006 after tracking her down when Lynette died from brain cancer.


Read more: http://www.thesun.co.uk/sol/homepage/news/2954310/Gran-and-grandson-to-have-baby.html#ixzz0mcjB5Qmu

National Enquirer says PRESIDENT OBAMA has been caught in a shocking cheating scandal - remember they had Edwards 1st ... -

National Enquirer says PRESIDENT OBAMA has been caught in a shocking cheating scandal - remember they had Edwards 1st ... -



PRESIDENT OBAMA has been caught in a shocking cheating scandal after being caught in a Washington, DC Hotel with a former campaign aide, sources say.

And now, a hush-hush security video that shows everything could topple both Obama's presidency and marriage to
Michelle!

A confidential investigation has learned that Obama first became close to gorgeous 35 year-old
VERA BAKER in 2004 when she worked tirelessly to get him elected to the US Senate, raising millions in campaign contributions.

While Baker has insisted in the past that "nothing happened" between them, the ENQUIRER has learned that top anti-Obama operatives are offering more than $1 million to witnesses to reveal what they know about the alleged hush-hush affair.

Among those being offered money is a
limo driver who says that he took Vera to a secret hotel rendezvous where the President was staying.

On the condition of anonymity, the limo driver said he took Baker "from a friend's home in the DC area to the Hotel George where I learned later that Obama would be spending the night."

The driver recalled that he "waited in the lobby while she went to change her outfit.

"But to the best of knowledge she did not have a room at the hotel and she was not staying there so I thought that it was a bit odd."

The driver said he then picked up Obama at the airport and drove both he and Baker to various locations while he was campaigning for funds. Vera accompanied him to each meeting.

"About 10:30 PM, I drove them to the hotel and they went in together!"

"My services for the evening were done - and there was no indication she was going to leave the hotel that night."

A top DC source told The ENQUIRER exclusively that the driver's account had been independently corroborated by
investigators who believe the couple spent the night together at the hotel.

The ENQUIRER has also learned that on-site hotel surveillance video camera footage could provide indisputable evidence.

"Investigators are attempting to obtain a tape from the hotel (that) shows Vera and Barack together," the DC insider confided.

"If the tape surfaces, it will explode the scandal."

Man has a pretty good excuse for why he crashed his car into a utility pole - Vomiting dog throwing up all over him -

Man has a pretty good excuse for why he crashed his car into a utility pole - Vomiting dog throwing up all over him -

WINONA, Minn. (AP) -- A man has a pretty good excuse for why he crashed his car into a utility pole in Winona: his dog puked on him. The Winona Daily News reported police found the car unattended last Thursday morning against an Xcel Energy pole. Witnesses told officers they saw a man leaving the area and walking a beagle.

The 18-year-old, who does not have insurance or a Minnesota driver's license, called police about four hours later to confess.

The man told police he was driving when his dog started "throwing up all over him." Deputy Police Chief Tom Williams said the story checked out - police found vomit in the car.

The pole had only minor damage. The man was cited for driving without insurance or a license.

---

Information from: Winona Daily News,http://www.winonadailynews.com

Most expensive water fountain in the world (Dubai) - Wow this is amazing -

Most expensive water fountain in the world (Dubai) - Wow this is amazing -

Thursday, 29 April 2010

Raccoons as being the size of German Shepherds Invade Chicago - damage done by raccoons can cost a few thousand dollars -

Raccoons as being the size of German Shepherds Invade Chicago - damage done by raccoons can cost a few thousand dollars -


“He looked like an orangutan swinging-swinging around. It was scary, very scary,” said Chicago resident Wilma Ward about her recent run-in with a raccoon. Ward, who lives in Chicago several miles away from the nearest forest, found herself face to snout with a raccoon she described as being almost her height. She was forced to barricade herself in an upstairs bathroom until morning, and when she emerged she discovered the raccoon had bent steel window-bars to get into her kitchen. Others in the neighborhood have described these raccoons as being the size of German Shepherds.

While Wilma’s story is extreme, it is becoming more common, as the ring-tailed rascals are increasingly taking up residence in the concrete jungle. It isn’t hard for them to find a place to stay, either, since over 75,000 homes have been foreclosed on in the last year. Most people don’t properly board up their homes when the bank kicks them to the curb, which gives raccoons easy access to a habitat fit for a human.

Raccoon infestations aren’t a bother to former homeowners, but rather to the people still living in the neighborhood. No raccoon in Illinois has ever tested positive for rabies, according to Dr. Donna Alexander of the Cook County Animal Rabies Control, but that’s not the only concern. She fears that many urbanites, who have never seen a wild animal except for maybe a squirrel or rat, might mistake the raccoons for a furry play-thing. “The most important thing is that it is not a pet, it is a wild animal,” she explains.

Local government officials are trying to prevent further problems by educating the urban communities about the proper way to deal with raccoons. They explain that raccoons are just looking for something to eat and a place to stay, so if trash cans are properly sealed and foreclosed homes are effectively boarded up, they will search for shelter somewhere else.

Something else communities are beginning to notice is property damage. Most of it goes unnoticed for months or even years, as these homes go uninhabited for extended periods of time, but James McClelland of Mack Industries, who purchases foreclosed homes and fixes them up for future sale, says the cost can be sky high…or at least ceiling high. It is common, he explains, for raccoons to fall through roofs and ceilings, which are expensive to repair. Often, when they fall into a home from above, it is impossible for them to get out, so they try as hard as they can to scratch and bite their way out-attempts which are often in vain, and often leave serious damage. McClelland says the damage done by raccoons can cost anywhere from a few hundred to a few thousand dollars.

Read more -http://liveshots.blogs.foxnews.com/2010/04/29/‘orangutan-sized’-raccoons-invade-chicago/?test=latestnews