Today.com Steals and Deals

Today.com Steals and Deals – The Today Show has relaunched Jills Steals and Deals and here is what was a steal and a deal today.


At Today.com steals and deals, one of the offerings is a set of three Mango Tree bangles. The retail price is $60 for the set of three, but Jill’s steals and deals price is just $20 – Thats a 67% discount! (The discount code is todayshow20)

Another item featured at Today.com Jills steals and deals is is gorgeous Swarovski crystal necklace by Lola James Jewelry. The retail price is $150, but Jill’s steals and deals price is just $40 – a 73% savings! (The discount code is todaynecklace)

The next item up for grabs from The Today Show steals and deals is this feminine and flattering dress by XOXO. This rosette taffeta dress retails for $99 but the steals and deals price is just $24.99; an incredible 75% savings. (Use discount code todayxoxo)

Don’t miss this steals and deals bargain from Lisa Stewart Jewelry. Your choice of five ring styles that retail for $90 to $185 are just $35 using discount code todaygems.

The Faberware Pro II forged 15 piece cutlery set from Bon-Ton is normally $140 but using discount code: TDAYSHWKNFE, it can be yours for just $35, a 75% savings from Jill’s Steals and Deals.

Last but not least is this 200 thread count percale sheet set from The Company Store. Usually $29.00 to $59.00, it is now up to 80% off at $12 using discount code todaybed.

Don’t miss this incredible savings from Today.com Steals and Deals.

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Yellow Sac Spider

Scariest. Recall. Ever: 52,000 Mazda 6s Recalled For...Spider Web Fueled Fires

According to Wikipedia the Yellow Sac Spider ranges from 5-10mm in size and carries a necrotic venom that is dangerous to humans.

According to the NHTSA and Mazda, the Yellow Sac Spider has a thing for crawling into the evaporative canister vent line of 2009-2010 Mazda 6s, getting a web all up in there and potentially causing a restriction of the line. No fires have been reported, but the threat is there. And it has far too many legs. ( Read Yellow Sac Spider more... )

Spider webs force recall of 52,000 Mazdas (CNN)

The itsy-bitsy spider crawled up the fuel system of a Mazda6 sedan and out came the recall.

CNN reports that Mazda is recalling 52,000 of the sedans because yellow sac spider webs in the fuel system.

The critters could increase the risk of fire in the cars. There have been 20 reported cases of spider infestation, but so far, no arachnid-caused fires. ( Read Yellow Sac Spider more... )

Spiders force Mazda recall

Japanese brand caught in web after spiders prompt 50,000 car recall.

Spiders have forced Mazda US to recall more than 50,000 Mazda6 mid-sized sedans.

The Yellow Sac spider reportedly spins it webs inside part of the car's fuel system, which in turn causes increased pressure in the fuel system, causing the car's petrol tank to crack.

The fault was discovered in late 2009, when a dealer reportedly found a spider web inside the fuel system of a Mazda6 when the car's owner brought the vehicle in to be repaired after noticing a fuel leak. ( Read Yellow Sac Spider more... )

Mazda recalls 65,000 cars for spider problem

In certain Mazda6 cars, spider nests in hoses linked to fuel tank systems could cause pressurization and ventilation problems, Mazda says.

Mazda Motor Corp. has an itsy-bitsy problem, and it's recalling 65,000 cars to fix it.

Spider nests in tiny rubber hoses linked to fuel tank systems could cause pressurization and ventilation problems in certain cars, according to the Japanese automaker. ( Read Yellow Sac Spider more... )

2009-10 MAZDA6 Sedans Recalled Due to… Yellow Sac Spider

A little yellow spider is responsible for the recall of 52,000 year-model 2009-2010 MAZDA6 sedans. According to the car maker, the yellow sac spider “may weave a web in the evaporative canister vent line and this may cause a restriction of the line.” A restriction in the evaporative canister vent line could prevent air from getting into the gas tank, resulting in a crack in the gas tank that could cause a fire.

The “yellow sac spider” (Cheiracanthium Inclusum) probably accounts for more spider bites than any the spider, and are indigenous to much of the United States. According to Wikipedia, “The bite of these spiders is believed to be venomous to humans but rarely produces more than local symptoms.” ( Read Yellow Sac Spider more... )

Spiders lead to Mazda recall

NEW YORK (CNNMoney) -- Mazda is recalling about 52,000 Mazda6 sedans in the U.S., because yellow sac spiders like to build their nests in part of the fuel system.

"A certain type of spider may weave a web in the evaporative canister vent line and this may cause a restriction of the line," Mazda said in a letter to the National Highway Traffic Safety Administration. ( Read Yellow Sac Spider more... )

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BofA

New Ariz. AG won't drop BofA suit

PHOENIX - Arizona's new Republican attorney general won't give Bank of America any relief from a mortgage fraud lawsuit filed in the final days of his Democratic predecessor's tenure.

Attorney General Tom Horne told The Associated Press on Monday that he'll pursue the suit filed on Dec. 17 alleging that the lender misled and deceived homeowners who tried to modify their mortgages. The suit accuses the bank of repeatedly assuring customers that their loans were being modified to get them to continue making payments, then foreclosing on their homes. ( Read BofA more... )

Kaplan to leave BofA for hedge fund

Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article - http://www.ft.com/cms/s/0/cba2ad86-436a-11e0-8f0d-00144feabdc0.html#ixzz1FINIluwz

Steven Baronoff will again take control of the deals business at Bank of America Merrill Lynch, after the decision by Jeff Kaplan, the global head of mergers and acquisitions, to leave the bank for a hedge fund.

Mr Kaplan, who joined Merrill Lynch in 1987, will become chief operating officer of Appaloosa Management, the hedge fund group founded by David Tepper, according to a message sent to Bank of America employees. ( Read BofA more... )

BofA, Citi Short Interest Up

Citigroup short interest rose to more than 405 million shares from just under 402 million at the end of January. Bank of America short interest passed 85 million shares, up from about 79 million at the end of last month. Bets against Synovus, meanwhile, dropped to roughly 91 million, from about 99 million in the prior period.

It was Regions, however, that saw the biggest percentage drop in short interest. It fell below 41 million shares from more than 58 million at the end of January--a 29% move. ( Read BofA more... )

BofA’s Kaplan Leaves for Appaloosa; Baronoff Named M&A Chief

Bank of America Corp., the biggest U.S. lender by assets, said Steven Baronoff will assume Jeff Kaplan’s duties leading mergers and acquisitions. ( Read BofA more... )

BofA analysts claim GSE reform 'politically infeasible'

Bank of America Merrill Lynch analysts said Fannie Mae and Freddie Mac reform may not be as imminent as many think and could prove to be "politically infeasible."

BofAML hosted a conference call Monday on the state of housing finance in the nation. In slides provided to HousingWire, housing researcher Chris Flanagan describes the mortgage origination outlook for 2011 as "bleak," with prices expected to drop another 3% and volumes down 30%. In short, this year will likely offer no large changes to the mortgage markets compared to last year, and the GSEs dominance may continue to increase. ( Read BofA more... )

BofA’s Laughlin Squeezed by Mortgage Investors, Regulators

By Hugh Son

(Updates with subpoenas in the 13th paragraph.)

Feb. 28 (Bloomberg) -- Bank of America Corp.’s Terry Laughlin, head of a new unit managing foreclosures and soured loans, faces increasing pressure from bond buyers and regulators seeking payback for the firm’s role in the housing collapse.

The bank may face “material fines” from government probes into possible irregularities in foreclosure processes, Charlotte, North Carolina-based Bank of America said late Feb. 25 in its annual report. The firm also said that a bondholder group including Pacific Investment Management Co. has almost doubled the number of mortgage deals on which it’s challenging the bank. Legal costs may be as much as $1.5 billion higher than what the bank had set aside, according to the filing. ( Read BofA more... )

BofA Expects Libya Oil Production To Shut Down Completely

And some more variables to add to the total confusion in everything, from Reuters:
Oil production in Libya is expected to shut down completely and could be lost for a prolonged period of time, Bank of America Merrill Lynch said on Thursday.

"We expect Libyan production to be shut down completely and we might lose sweet crudes from Libya for a prolonged period of time," Bank of America Merrill Lynch analyst Sabine Schels told Reuters.

Schels said that the world faced the prospect of real supply shock in which the loss of 1.6 million barrels per day of sweet oil could potentially trigger a steep rise in prices and force a sharp reduction in demand to balance the system. ( Read BofA more... )

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Bank of America

Bank of America, Wells Fargo, JPMorgan Lead Rebound in Hiring

By Laura Marcinek

Feb. 28 (Bloomberg) -- Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. are among financial firms that added employees last year as the industry adjusted to an expanding economy and demands imposed by new U.S. regulations.

Bank of America, the biggest U.S. lender, counted 288,000 employees in its annual report for 2010 to securities regulators, an increase of 4,000, or 1.4 percent. Wells Fargo, the biggest U.S. mortgage lender, increased headcount by 4,900, or 1.8 percent, to 272,200, according to its annual report. Bank of America’s workforce increased 17 percent in 2009, the year when Merrill Lynch & Co. was added, while San Francisco-based Wells Fargo dropped almost 5 percent that year. ( Read Bank of America more... )

Bank of America Could Nickel And Dime Its Way To $16

Banks such as JPMorgan, Citigroup and Wells Fargo have introduced new fees on the checking account service after the Dodd-Frank financial reform bill restricted banks from charging merchants processing fees on debit card transactions.

Bank of America, the largest bank in the U.S. based on the level of deposits, is testing a new fee structure for its checking account service which used to be free. The new pilot program in Arizona, Georgia and Massachusetts allows customers to apply for various account types with monthly fees ranging from $6 to $25. The bank plans to expand the program nationally later this year. ( Read Bank of America more... )

Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) Penalties Likely to End “No Money Down” Programs

As banks face penalties for abuse mortgage practices and sketchy foreclosure practices, lenders begin looking for larger down payments for borrowers looking to buy houses. Penalties faced by the nations largest banks, Bank of America, Wells Fargo and Citigroup are expected to run into billions of dollars as a result of the banks automatically signing foreclosure documents without reviewing them carefully. The result of the steep fines is that the banks will put an end to “no money down” type mortgage programs, and begin requiring larger down payments to qualify for mortgages.

During 1997 through 2006, mortgage lenders created a variety of no money down type programs and “loan to own” mortgages which eliminated the strict requirements previously needed to get a mortgage. Individuals did not have to prove their ability to repay the mortgage or have sizeable downpayments during this period, and lenders like Bank of America, Wells Fargo and Citigroup lent millions of mortgages to people they knew had little chance of fully repaying them. ( Read Bank of America more... )

Bank of America Faces More Legal Costs: Analysts

NEW YORK (TheStreet) -- Bank of America(BAC_)'s liability tied to mortgages originated by Countrywide Financial remains unquantifiable and could continued to mount for years to come, according to industry analysts.

"The legal troubles for Countrywide are not going to end anytime soon. Countrywide was at the epicenter in faulty underwriting compared to its peers," said Stifel Nicolaus analyst Christopher Mutascio.

FBR Capital Markets' analyst Paul Miller agrees that legal settlements due to the Countrywide acquisition will keep piling on the bank. ( Read Bank of America more... )

Market Midday, with news on the companies Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Twitter, JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C)

Stocks have started up this week, based on positive economic reports in the US. First, the Chicago Purchasing Managers index is reporting that the region has seen increased manufacturing activities in January. According to the group, the index increased to 71.2 to start the year. This has far exceeded expectations, as economists were anticipating a decrease from 68.8 to 67.5 for the month.

Also helping to boost stocks has been the increase in personal spending in the United States. January’s spending levels increased by 0.2%, slightly off from what economists had predicted. Still, personal income levels blew away expectations, increasing 1.0% for the month. Analysts had predicted income to increase by only 0.3%. ( Read Bank of America more... )

Current Refinance Mortgage Rates at Bank of America and Wells Fargo Today

Mortgage rates are stable in the 4.75 to 5.00% range heading into the week ahead with pressure from world events subduing but not entirely holding down the stock market. Weakness in the market will continue to prevent undue mortgage rate movements to the upside.

Bank of America (NYSE: BAC) 30 year fixed interest rates are 4.75% today with 1.25 points. CitiMortgage offers 4.875%, Chase Bank and Wells Fargo 5.00% and PNC Mortgage 5.375%. The 30 year fixed FHA loan at Wells Fargo (NYSE: WFC) is 4.75% carrying an APR of 5.374% today. ( Read Bank of America more... )

Bank Of America, Citi, Wells Fargo May Lose Billions

Three of America's largest banks have all come out and disclosed in recent regulatory filings that they stand to lose billions in respect of either foreclosure practices, or outstanding legal problems arising from the financial crisis.

Dow Jones Newswires reports that Bank of America has said that it could face legal losses of up in $1.5bn more than it has already accrued in respect of a number of legal claims working their way through the system.

The bank says that, according to its best estimates, it could ultimately lose between $145m and $1.5bn. ( Read Bank of America more... )

Bank of America (BAC) Legal Liability Could Reach $1.5 Billion in 2011

Bank of America (NYSE:BAC) legal losses in 2011 could come in as high as $1.5 billion, according to the recent filing of its annual report.

The giant bank gave a wide range of legal liability for the year; from $145 million to $1.5 billion. Those numbers don't include accrued liability, which the financial institution didn't reveal.

The majority of costs related to legal action will in connection to mortgage-securitization lawsuits against Countrywide Financial. A number of other banks are facing similar lawsuits and liabilities, but Bank of America more than others through its acquisition of Countrywide. ( Read Bank of America more... )

Bank of America Corporation (NYSE:BAC) Throws In Mortgage Towel

Due to competing demands, leading financial institution Bank of America Corporation (NYSE:BAC) is exiting its reverse mortgage origination business and moving its operational resources into other units.

However, the bank will continue to serve the needs of existing reverse mortgage customers and those with loans in process. ( Read Bank of America more... )

Bank of America May Be Fined For Improper Practice

Last October the biggest bank in the United States, Bank of America, halted the foreclosures of homes over unpaid mortgages in all of the 50 American states.

Then on the 5th of November it announced in a federal government filing that up to 102,000 foreclosures that had already been processed by the bank needed to be reviewed for faulty or improper practices. ( Read Bank of America more... )

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Berkshire Hathaway

TABLE-Berkshire Hathaway 4th-qtr results

Feb 26 (Reuters) - Berkshire Hathaway (BRKa.N) reported a
2010 net profit of $12.97 billion. Following are details of the
company's results.

(All figures in billions except earnings per share and book
value per share in dollars): ( Read Berkshire Hathaway more... )

Warren Buffett's 2010 Annual Letter to Berkshire Hathaway stockholders

Below is an Scribd embedded version of Warren Buffett's 2010 Annual Letter to Berkshire Hathaway (BRK.A),(BRK.B) stockholders to read, download, search or otherwise interact with: ( Read Berkshire Hathaway more... )

Berkshire Hathaway’s 4Q net income up 43 percent (AP)

AP - Warren Buffett's Berkshire Hathaway has reported a 43 percent jump in fourth-quarter profit thanks to the strong performance of BNSF railroad and a paper gain of $1.4 billion on the company's derivative contracts and investments. ( Read Berkshire Hathaway more... )

Warren Buffett's Reinsurance Guru Just Bought A NYC Apartment For $14.65 Million So He Can Create One Enormous Pad

One of Warren Buffett's superstar execs and his reinsurance guru, Ajit Jain, has just shelled out $14.65 million for an amazing new pad at One Beacon Court in midtown Manhattan -- aka The Bloomberg Tower.

According to the Wall Street Journal, Jain purchased the 34th-floor four-bedroom apartment last week.

Apparently it was originally listed at $16.5 million. ( Read Berkshire Hathaway more... )

Berkshire shareholders letter, live chat

Omaha investor Warren Buffett released his annual letter to shareholders of Berkshire Hathaway Inc. on Saturday, and World-Herald staff writer Steve Jordon will be providing excerpts, highlights and significant details of the letter throughout the day.

If you want to read the full letter, this link will take you it. ( Read Berkshire Hathaway more... )

Berkshire hunting for another megadeal

A year after Berkshire Hathaway completed its biggest acquisition, CEO Warren Buffett is on the hunt again.

Buffett told Berkshire (BRKA) shareholders in his annual letter to them Saturday that they should brace for more megadeals along the lines of last February's $26 billion buy of railroad Burlington Northern Santa Fe.

"Our elephant gun has been reloaded, and my trigger finger is itchy," Buffett said. ( Read Berkshire Hathaway more... )

Berkshire boosts 4Q profit 43% to $4.4 billion

By Erik Holm

NEW YORK (MarketWatch) -- Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) said fourth-quarter profit rose 43% to $4.38 billion, buoyed by the improving stock market and a stabilizing of the economy.

A host of Berkshire-owned businesses that had suffered from declining sales and shrinking profits amid the recession now appear to be recovering. Buffett heralded improvements at units including Fruit of the Loom, manufacturing unit Marmon and electronic components distributor TTI.

The addition of railroad Burlington Northern Santa Fe Corp. to Berkshire's suite of businesses last February also helped. Buffett said the purchase has so far worked out "even better than I expected." ( Read Berkshire Hathaway more... )

Buffett Says Trigger Finger Itchy for Berkshire Takeovers

By Andrew Frye

(Updates with outlook for the economy in sixth paragraph.)

Feb. 26 (Bloomberg) -- Warren Buffett said his “trigger finger is itchy” for takeovers after cash holdings at his Berkshire Hathaway Inc. climbed to $38.2 billion.

“Our elephant gun has been reloaded,” Buffett said today in his annual letter to shareholders. Berkshire needs “good performance from our current businesses and more major acquisitions,” after the company reported a 43 percent gain in fourth-quarter profit on derivative bets and earnings from its Burlington Northern Santa Fe railroad, he said. ( Read Berkshire Hathaway more... )

Berkshire profit surges 43% in 4th quarter

WASHINGTON (MarketWatch) — Berkshire Hathaway Inc. on Saturday said fourth-quarter profit climbed 43%, driven by the company’s recently acquired railroad property and an improved U.S. economy.

The Omaha, Neb.-based company (BRK.A 127,550, +2,552, +2.02%) (BRK.B 84.87, +1.51, +1.81%), with Chairman Warren Buffett at the helm, posted a profit of $4.38 billion, or $2,656 a share, up from $3.06 billion, or $1,969 a share, a year ago.

Analysts polled by FactSet Research were looking for earnings, on average, of $1,690 per Class A share, on sales of $6.9 billion. ( Read Berkshire Hathaway more... )

Berkshire Hathaway's 4Q net income up 43 percent

By JOSH FUNK AP Business Writer © 2011 The Associated Press

OMAHA, Neb. — Warren Buffett's Berkshire Hathaway reported a 43 percent jump in fourth-quarter profit Saturday thanks to the strong performance of BNSF railroad and a paper gain of $1.4 billion on the company's derivative contracts and investments.

Buffett said in his annual letter that the acquisition of the Burlington Northern Santa Fe railroad was the highlight of 2010 for his Omaha, Neb.,-based company.

Berkshire reported $4.38 billion net income, or $2,656 per Class A share, in the fourth quarter. That's up from the $3.1 billion net income, or $1,969 per Class A share, a year ago.

The three analysts surveyed by FactSet expected Berkshire to report earnings per Class A share of $1,690 in the fourth quarter. ( Read Berkshire Hathaway more... )

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Boeing Tanker

Boeing Lands Air Force Tanker Deal...For Now

The never-ending saga of the Pentagon's new aerial KC-X tanker came to a halt, at least temporarily, late Thursday as the Defense Department finally announced it would award the $35 billion prize to the Boeing Co. The Defense Department has been trying to buy a new flying gas station for so long, the top Air Force official who bribed her way into a job with Boeing the first time the contract was awarded has already been prosecuted, served jail time and been set free – all more than five years ago. ( Read Boeing Tanker more... )

Boeing wins contract for refueling tanker

After a decade of embarrassing missteps and disputes, the Pentagon handed the first phase of a job-rich $35-billion contract to Chicago-based Boeing Co. to build a fleet of 179 aerial refueling tankers that carries the promise of work for an estimated 50,000 aerospace employees.

In an announcement that took industry experts by surprise, word came down late Thursday that Boeing had bested archrival Airbus and its parent company European Aeronautic Defense & Space Co., or EADS to build 18 planes for $3.5 billion. ( Read Boeing Tanker more... )

Boeing win is a welcome upside surprise

or a place that's seen its share of nasty surprises in recent years — the collapse of Washington Mutual, a 787 factory in South Carolina — the selection of Boeing to develop and build the Air Force's new tanker is an upside delight.

Just a few weeks ago, the buzz among some defense analysts was that the $35 billion contract would go to Airbus parent EADS, to be assembled near Mobile, Ala.

Had that happened, it would have represented a second loss to the South for the Puget Sound-area aerospace industry. Indeed, according to the Mobile Press-Register, local officials had gathered at the convention center there Thursday "for what was expected to be a victory party."

Boeing feared it would be shut out of the tanker business for 20 to 40 years if it lost. And at the least, the growth of airplane-manufacturing jobs in Everett would have been sandbagged.

Instead: victory. ( Read Boeing Tanker more... )

Boeing Scores Air Force Tanker Contract to Give Economy a Boost

It’s no secret there’s a lot going wrong for Americans right now. The unemployment rate is hanging just below double digits, home values have dropped year-over-year for the 13th consecutive year and one-third of Americans have no retirement or personal savings. But it’s not all bad, at least in the Northeast, where Boeing has just won a $35 billion dollar contract from the Air Force. ( Read Boeing Tanker more... )

Boeing tanker – crossed headlines from Inslee

Moments after the U.S. Air Force announced Boeing’s tanker win, a curious e-mail headline arrived from U.S. Rep. Jay Inslee, D-Wash: “Decision will not stand.”

A moment later, a second e-mail arrived: “Corrected — Rep. Jay Inslee: Best Choice Made for Next Gen Tanker.”

Inslee, once a Seattle high school quarterback, fumbled the snap. He’d be wise to work on ball handling, or replace his center, before a widely anticipated run for governor in 2012.

What happened is obvious. Two press releases were prepared. One cheered a Boeing victory worth $30 billion that will mean thousands of jobs for Inslee constituents. The other, anticipating an EADS win, decried injustice and vowed protracted resistance. ( Read Boeing Tanker more... )

Boeing Shocks With ‘Clear’ Tanker Win

UPDATES: Boeing Pledges ‘On Time, On Budget;’ EADS NA Says Boeing Pick “High Risk;”

Boeing continued its dominance of the U.S. airborne tanker business, winning the $35 billion contract to build 179 KC-X tankers, one of the biggest defense contracts in the next decade. The award shocked experienced observers who had predicted a big win for EADS NA. Word came from a Pentagon email announcing the initial $3.5 billion contract.

Deputy Defense Secretary William Lynn, Pentagon procurement czar Ashton Carter, Air Force Secretary Mike Donley and Air Force Chief Gen. Norton Schwartz stood together in the Pentagon’s briefing room, sending a clear signal of resolve and institutional commitment to the incredibly contentious contract award. Donley, flanked by Schwartz, made the official announcement. ( Read Boeing Tanker more... )

Boeing Bid Beats Europe for Tanker

The Pentagon awarded Boeing Co. a contract worth more than $30 billion for aerial refueling tankers, closing a chapter in a controversial and tortured bidding contest, but potentially launching a fresh trans-Atlantic political controversy.

The award preserves Boeing's decades-long position as supplier of refueling aircraft to the Air Force, and shores up its standing as a U.S. national champion. The Pentagon's move is also likely to feed perceptions in European capitals that the U.S. defense market—the biggest in the world—remains largely closed to European defense suppliers. The losing bidder was EADS North America, a unit of European Aeronautic Defence & Space Co. ( Read Boeing Tanker more... )

Boeing touts number of tanker jobs

Boeing touts number of tanker jobs

A Boeing contract to build aerial refueling tankers for the U.S. Air Force would bring 7,500 jobs to Kansas and have an economic impact of $388 million a year, Boeing said Friday.

The 7,500 figure includes existing and new jobs at Boeing and its suppliers, and other jobs created in the community, said Boeing spokesman Bill Barksdale.

Boeing's Wichita facility would become a finishing center for the tanker, should Boeing win the bid against Airbus parent EADS, which is also bidding. ( Read Boeing Tanker more... )

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Gaddafi Shot

Oil prices fall on unconfirmed rumors Gaddafi was shot

Oil traders are citing unconfirmed rumors that Libyan leader Moammar Gaddafi was shot to explain a sudden downward reversal in oil prices today.


In New York, oil futures dropped 1.61 percent to settle at $96.49 per barrel.

However, U.S. officials denied the rumors and said it had no reason to believe Gaddafi was dead or even wounded. ( Read Gaddafi Shot more... )

NYMEX-US crude rally fizzles on rumor Gaddafi shot

U.S. crude oil futures dropped more than 2 percent in a late sell-off on Thursday on rumors that Libyan strongman Muammar Gaddafi had been shot, wiping out gains in a rally to near 2-1/2-year highs.

Earlier, news that Saudi Arabia was in talks with European companies affected by the disruption of Libyan supplies and was willing and able to plug any gap appeared to have capped the day's highs, traders said. ( Read Gaddafi Shot more... )

Gaddafi shot? Swiss Assets Frozen, Oil Prices Drop

There is an unsubstantiated rumor that Moammar Gaddafi has been shot. But earlier today, a former Gaddafi aide said that Gaddafi was more like Hitler and would likely commit suicide before conceding his power.

Gas prices are at the highest the nation has seen in years, but today the barrel dropped $3 dollars to a little under $97 per barrel. A United States federal official who would not release his name stated to NBC News that there is no reason to believe rumors that Gaddafi is dead or wounded are true.

The violence in Libya has escalated gas prices and upset the stock markets. Since the rumor of Gaddafi's being shot, stock prices have shot up and oil prices have dropped. ( Read Gaddafi Shot more... )

Libya: Col Gaddafi compares himself to the Queen

Col Muammar Gaddafi on Thursday night pleaded with his people to view him as benign figurehead, comparable to the Queen, as he made increasingly desperate efforts to stave off the collapse of his beseiged regime.

On the streets, resistance to the rule of Col Muammar Gaddafi was coming closer to his stronghold in the capital city of Tripoli. Troops loyal to the dictator opened fire with machineguns and anti-aircraft artillery on demonstrators in the town of Zawiya, 30 miles west of Tripoli.

Residents said at least 100 people were killed before Gaddafi's troops withdrew to the outskirts, though other sources gave much lower figures. ( Read Gaddafi Shot more... )

Was Libyan Leader Muammar Gaddafi Shot? (VIDEO)

Rumors are swirling that Muammar Gaddafi, longtime leader of Libya, was shot by a soldier. Oil prices dropped below $100 based on the rumor.

Most nations around the world are currently advising against non-essential travel to Libya. This afternoon news was released that Gaddafi, who has been in power for 41 years, was shot. A senior White House official told NBC that the there is no reason to believe that Gaddafi was dead or had even been fired upon.

After the rumor was started, Oil prices tumbled $2 a barrel.

A resident of the Libyan capital of Tripoli told CBS Radio News Thursday that supporters of Muammar Qaddafi, the country’s longtime leader, have stormed into hospitals to shoot wounded demonstrators and take dead bodies to an unknown location. The violence seems to be growing. ( Read Gaddafi Shot more... )

Gaddafi: Shot or not?

Global rumors that Libyan dictator Moammar Gaddafi has been shot roiled the markets this afternoon.

Oil prices tumbled $2 a barrel.

The White House says it has “no reason to believe” Gaddafi is dead.

But given how CIA director Leon Panetta gets his intelligence — quick, get him the TV remote control! — there’s no reason to believe the White House knows anything more than you or I do at this point.

Stay tuned… ( Read Gaddafi Shot more... )

Oil tumbles on rumors Gaddafi shot: traders (Reuters)

Reuters - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot. ( Read Gaddafi Shot more... )

Gaddafi Shot? Maybe, Maybe Not

Oil prices dropped below $100 on rumors that Muammar Gaddafi, who is desperately clinging to his role as leader of Libya, was shot by a soldier and based on Saudi Arabia's declaration that the Arab nation could match Libya's out-put should the situation merit such a move.

With most nations currently advising against non-essential travel to the North African nation, rumors surfaced this afternoon that Gaddafi, who has been in power for 41 years, was shot.

A senior U.S. official told NBC that the U.S. has no reason to believe that Gaddafi was dead or had been fired upon. ( Read Gaddafi Shot more... )

U.S. crude rally fizzles on rumour Gaddafi shot

Gold slipped and crude prices retreated sharply from 2 1/2 year highs on speculation Libyan leader Muammar Gaddafi had been shot but other markets did not immediately react to the unsubstantiated rumors.The U.S.

government said it had no reason to believe Gaddafi is dead. There was no immediate indication of where the rumour had originated or any news report to substantiate it.Crude prices plummeted near the end of the session, with U.S. ( Read Gaddafi Shot more... )

Brent, US crude slip further on rumors Gaddafi shot

NEW YORK Feb 24 (Reuters) - Brent and U.S. crude oil futures fell sharply in post-settlement trading on Thursday in a sell-off sparked by rumors that Libyan leader Muammar Gaddafi had been shot.

In London, ICE Brent crude for April delivery LCOJ1 dropped to a post-settlement low of $109.60 after having rallied early to $119.79, the highest since August 2008. It settled earlier at $111.36, up 11 cents. ( Read Gaddafi Shot more... )

Libyan: Qaddafi forces shoot hospital patients

A resident of the increasingly violent Libyan capital of Tripoli told CBS Radio News Thursday that armed supporters of Muammar Qaddafi, the country's longtime leader, have stormed into hospitals to shoot wounded demonstrators and take dead bodies to an unknown location.

"They go in with guns into hospitals," said the resident, identified only as Adel to protect his safety. "They take the bodies that are dead. In some hospitals, they have shot the wounded. This is true. I know it's very strange for the States, but this is happening today in Tripoli." ( Read Gaddafi Shot more... )

Amidst Rumors That Gadhafi’s Been Shot, Swiss Freeze His Assets

While rumors that Libyan ruler Muammar Gadhafi had been shot surfaced, the Swiss Department of Foreign Affairs announced it would freeze any and all assets held by Gaddafi or his “environment” to avoid any “misuse of state funds.” ( Read Gaddafi Shot more... )

Libya: Gaddafi's billions to be seized by Britain

Ministers have identified billions of pounds that Col Muammar Gaddafi and the Libyan regime have deposited in London, The Daily Telegraph can disclose.

The funds are expected to be seized within days. The Treasury is understood to have set up a unit to trace Col Gaddafi's assets in Britain, which are thought to include billions of dollars in bank accounts, commercial property and a £10 million mansion in London.

In total, the Libyan regime is said to have around £20 billion in liquid assets, mostly in London. These are expected to be frozen as part of an international effort to force the dictator from power. A Whitehall source said: "The first priority is to get British nationals out of Libya. But then we are ready to move in on Gaddafi's assets, the work is under way. This is definitely on the radar at the highest levels." ( Read Gaddafi Shot more... )

ghadafi, qaddafi, latest on libya, telesur, latest news on libya

Courtesy : IB Times , Reuters , Huliq , The Telegraph , Babble , Michelle Malkin , Rocket News , All Mediany , Malaysia Sun , Reuters Africa , CBS News & Forbes

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Car Seat Recall

Car Seat Recall: Complete List of Affected Models

(CBS) Almost 800,000 child safety seats are being recalled over concerns about a potentially dangerous problem with the locking-and-release mechanism, the National Highway Traffic Administration announced today.

The seats were made by Dorel Consumer Group between May 1, 2008 and April 30, 2009, according to the agency's website. They include infant, convertible, and booster child restraint systems marketed under brand names including Cosco, Maxi-Cosi, and Safety First. The concern is that the harness might loosen as a child moves around, raising the risk of injury in a crash. ( Read Car Seat Recall more... )

800,000 Car Seats Recalled: How to Find Safety Ratings

As Madeline reported yesterday, there is a massive car seat recall underway. 800,000 of the Dorel Juvenile Group’s car seats (which include Costco, Quinny, Edie Bauer and more) are being recalled due to safety restraint problems.

The car seats’ harness “center front adjuster” allows the strap to slip out, which is bad news in the event of a crash. The National Highway Traffic Safety Administration has apparently known about these problems for years, but made the decision to recall the seats yesterday. ( Read Car Seat Recall more... )

Dorel Car Seat Recall

Before you hit the road with your baby, be sure to check the make and model of your car seat – nearly 800,000 seats made by the Dorel Juvenile Group are being recalled today following an announcement from the National Highway Traffic Safety Administration.

Provincial : Car Seat Recall

If you have a car seat in your vehicle it may be subject to a massive recall. Sears Canada has issued the recall after the manufacturer of certain Cosco, Safety 1st, Eddie Bauer and Maxi-Cosi child restraints says there is a potential for the harness adjustment strap to loosen during use. The seats were sold between May 2008 and April 2009 for $149.99 to $369.99. ( Read Car Seat Recall more... )

Massive Car Seat Recall: Details & Models

A massive car seat recall has been announced, with 800,000 units sold between May 2008 and April 2009 being recalled due to problems with safety restraints. The units are manufactured by Dorell Juvenile Group and include brands like Safety 1st. Which models are included in this car seat recall? More info after the jump… ( Read Car Seat Recall more... )

Car Seat Recall: Why Are So Many Children's Products Dangerous?

On Monday, AOL News reported that Dorel Juvenile Group is recalling nearly 800,000 car seats because of a faulty release button that can loosen the harness.

According to the company, the problem with the release buttons means that the shoulder strap can come loose, potentially endangering a child riding inside the seat in the event of an accident. ( Read Car Seat Recall more... )

Car Seat Recall: List of Model Numbers Recalled

Nearly a million car seats were recalled on Tuesday due to problems with safety restraints.

The recalled car seats, 800,000 of them, were sold between May 2008 and April 2009 and are manufactured by Dorel Juvenile Group, which is sold under brands Safety 1st, Eddie Bauer and Cosco.

According to the recall statement, the harness locking and release button doesn’t always return to its locked position, which could allow the harness adjustment strap to slip back as a child moves, loosening the harness. ( Read Car Seat Recall more... )

Another Dorel Car Seat Recall Affects 794,247 Units

Dorel has issued a car seat recall spanning the manufacturing period from May 2008 to April 2009. Approximately 794,247 consumers are affected by this recall. Car seat models include Safety 1st, Eddie Bauer, Disney, Cosco and others.

Dorel Car Seat Recall

The National Highway Traffic Safety Administration warns consumers that Dorel Juvenile Group is recalling 794,247 car seats. The seats -- which were manufactured from May 2008 to April 2009 -- fall into the infant-, convertible- and booster seat categories. Some of the infant seats affected by the Dorel recall were part and parcel of a stroller combination. ( Read Car Seat Recall more... )

Child safety seat recall, is your child's seat on the list?

AMARILLO, TEXAS -- Nearly 800,000 child car seats have been recalled by Dorel Juvenile Group, which includes seats made by Cosco, Maxi-Cosi, and Safety 1st.

The group, in cooperation with the National Highway Traffic Safety Administration has decided that a defect which relates to motor vehicle safety exists in the above child restraint systems. There is a potential for the harness adjustment strap to loosen during use. If this were to happen, the harness may be loose around the child, which could possibly increase the risk of injury in a crash. ( Read Car Seat Recall more... )

Car Seat Recall

Transport Canada has issued a warning about a number of child car seats.

The warning targets certain models of Cosco, Eddie Bauer, Safety 1st, Maxi-Cosi and Schwinn car seats.

Transport Canada says that the harness adjustment strap can loosen increasing the risk of injury in a crash.

More than 135,000 of the seats were sold in Canada between May 2008 to May 2009 and at least 12 models are affected. ( Read Car Seat Recall more... )

Dorel carseat recall may affect St. Louis parents

St. Louis parents who own Cosco, Safety 1st, or Maxi-Cosi carseats, convertible carseats, or booster seats should know that Dorel has issued a recall for nearly 800,000 seats due to the harness lock/release mechanism as of February 14, 2011. This button does not always return to the locked position, creating a potentially dangerous situation in which the harness can become loosened.

This problem affects seats manufactured between May 1, 2008, through April 30, 2009. A full list of affected seats can be found by visiting safercar.gov. Car seats included in the recall include Alpha Omega, Alpha Omega Elite, onBoard TS, Mico, Enspira, Prospect, Vantage Point, Priori, Avenue, and Uptown. These are all sold through Target and other stores as well as on Amazon.com. ( Read Car Seat Recall more... )

Car Seat Recall: 800,000 Seats Recalled Today

The National Highway Traffic Safety Administration (NHTSA) issued a massive recall of Dorel Juvenile Group car seats today. Nearly 800,000 models of car seats made between May 2008 and April 2009 have been recalled.

The National Highway Traffic Safety Administration says the issue relates to the harness’ locking and release button. It does not always return to its locked position. This could result in a loose harness, which could increase the risk of injuries in the event of a car crash. ( Read Car Seat Recall more... )

Courtesy : CBS News , Babble , Sure Baby , cd989 , AOL News , Long Island Press , Yahoo! News , Connect Amarillo , CTV & Examiner

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Bugatti Veyron Price

Bugatti Veyron Price

Bugatti Veyron Price :D evelopment work has begun, and the manufacturer hopes to have the same success with the supercar which has a price of over $ 1,000,000. The new Bugatti .. ( Read Bugatti Veyron Price more... )

Bugatti Veyron Price


Boasting a maximum speed of more than 400 km per hour, the Veyron is unmatched in the super sports category. It offers a total of 1,001 HP, and its ample power reserves even at high speeds are the fabric of dreams for luxury-class limousines: for a constant speed of 250 km/h, the Veyron only needs 270-280 HP. This means that the seven-gear clutch transmission works with a torque of up to 1,250 Newton meters. The Electronic Stability Program (ESP) ensures the necessary flexibility and maneuverability at any speed. The Veyron reaches velocities that would literally lift the car off the ground – if it weren’t for its ingenious aerodynamics, which keeps it firmly on the road even at full speed. ( Read Bugatti Veyron Price more... )

BUGATTI VEYRON PRICE

Bugatti Veyron Volkswagen Group written as well as constructed by Bugatti cars, as well as a automobile really fast right away in India. Bugatti Veyron is a most costly automobile in India with a cost of Rs. sixteen crore. So it’s not easy to buy typical man. This can be a automobile for attracting celebrities, politicians as well as commercial operation leaders.

Has been versed with a Bugatti Veyron with most facilities which have been as sparkling as high-automatic 7-speed college, good power, speed as well as record to light a glow during a racetrack, as well as tanned hide trim full receptive to advice complement as well as an advanced, involuntary meridian control, Bluetooth, as well as competition seats, as well as seats hot, Interface iPod , a navigation complement as well as rear-view mirror, roof tiles prolongation row fine cloth etc.. ( Read Bugatti Veyron Price more... )

BUGATTI VEYRON PRICE


Bugatti Veyron look exterior is eye catching with a wider air intake and is perfect for lovers of the race. Scheme the amount of air seem bold and less sockets are placed horizontally on both sides of the paper size grills with honey. This support is a conventional car to open the side door. Back side of the Bugatti Veyron also very attractive with the rear wing, a center dual exhaust system and the publisher. Lets take a look at the Bugatti Veyron prices, features and technical specifications. ( Read Bugatti Veyron Price more... )

Video: Bugatti Veyron hits 353 kmph on Autobahn

We can only imagine how the Autobahn looks during the night, as more and more videos show up on YouTube, revealing tuned or stock supercars doing well over 300 kmph.

We've just seen the footage with a G Power tuned BMW M5 Touring hitting 359 kmph (224 mph) on Germany's infamous Autobahn, now it would only seem appropriate to see what an adrenaline chaser inside a Bugatti Veyron would do. ( Read Bugatti Veyron Price more... )

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Pernicious

Pernicious

I was literally in the middle of the project is delayed second question was written when the page reloads and it was on sale. Oddly, January 9 Missing notification of the delay (thanks to Google (NSDQ: GOOG) cache), completely replaced the earlier post a new issue of the magazine only iPad Sir Richard Branson and the company. The cause of the delay of six weeks after the debut of the first question:

"It is especially dangerous gremlins delayed the appearance of recent project No. 2. Think of it as" difficult second album syndrome, but more of XML programming." ( Readmore... )

'Pernicious Gremlins' Delayed Issue #2 Of Virgin's iPad-Only Mag, Now Out - paid

I was literally in the middle of writing about Project‘s delayed second issue when I had to reload the page and it was for sale. Oddly, the Jan. 9 post about the delay was gone (thank you, Google (NSDQ: GOOG) cache), replaced completely by an earlier post about the new issue of the iPad-only magazine from Sir Richard Branson and company. The reason for the delay six weeks after the first issue debuted:

“particularly pernicious gremlins have briefly postponed the release of Project issue 2. Think of it as ‘difficult second album” syndrome, but with more XML programming.”

See more of our latest Virgin coverageor add an alert for future coverage of Virgin. ( Readmore... )

Pernicious

Pernicious Athens - four hundred BC Typhoid - Brought to their knees Fever - Dead in three weeks Smallpox - in Italy Soldiers - back from the east Blisters - from the disease Millions are dying in this way Pandemic - crying out in vain Black Death - Bubonic Plague Rodents - to follow trade Pestis - caused the decay Death toll - both day and night Corpses - a rotting fright Trenches - to bury the blight Millions are dying in this way Pandemic - cry out in pain Rise above the atmosphere The future's so unclear If history is right A billion yet to die! ( Readmore... )

Pernicious & Machiavellian Terms Discussed on 'Real Housewives of Beverly Hills' by Camille Grammer

(Media-Newswire.com) - On the season finale part one of the Real Housewives of Beverly Hills, the words pernicious and Machiavellian were shown in clips from this season's show uttered by Camille Grammer about other cast members. The words were considered fodder for the show due to the nature in which said.

During a reunion show, Camille grammer was shown using the two terms in various clips from this season's episodes. Grammer admitted that she was an English major in college and did know what the words meant when discussing another cast member's behavior. ( Readmore... )

‘Pernicious Gremlins’ Delayed Issue #2 Of Virgin’s iPad-Only Mag, Now Out

I was literally in the middle of writing about Project‘s delayed second issue when I had to reload the page and it was for sale. Oddly, the Jan. 9 post about the delay was gone (thank you, Google (NSDQ: GOOG) cache), replaced completely by an earlier post about the new issue of the iPad-only magazine from Sir Richard Branson and company. The reason for the delay six weeks after the first issue debuted: ( Readmore... )

WikiLeaks revelations: Pernicious influence of Royal Dutch Shell

It is clear from these cables that Royal Dutch Shell has the Dutch government in their hip pocket. No surprise there, the Queen must get her dividends. Royal Dutch Shell management apparently thinks it has so much influence it can dictate foreign policy matters to ALL of the G8 governments? Isn’t that a revelation. Maybe not after all we have learned about Shell’s not so secret ‘shadow government’ in Nigeria. ( Readmore... )

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Coupons Site Maps.Google.com Intitle Google Offers

Coupons Site Maps.google.com Intitle Google Offers

Coupons Site Maps.google.com Intitle Google Offers, Google and $ 6 billion offer for Groupon did not work, but he loses no time to prepare its own competing products Google offers local advertising. The first signs of deals Google has released last week.

Google has confirmed, calling it a “test of a prepaid / voucher program, but gave no further details. ( Readmore... )

Google Offers coupons previews available through maps.google.com

A few weeks ago, there were rumors that Google was trying to purchase Groupon. When that was unsuccessful, Google announced it was going to start Google Offers. Today, using the exact search term “coupons site: maps.google.com intitle:google offers” appears to show a soft launch of the service. ( Readmore... )

Google Launches Local Deals Product "Offers"

People love getting great local deals in their city or town, which is why Google made an aggressive push to buy Groupon just a couple of months ago. Well that didnt' work out (apparently $6 billion doesn't get you much these days) so now Google has launched its own alternative to Groupon and LivingSocial: Google Offers. ( Readmore... )

'Google Offers' Now Has 2,800 Deals Online

The Google Offers service that is set to take on Groupon has already had a soft launch and you can now check out the great deals Google Offers has in store by simply googling "coupons site:maps.google.com intitle:Google Offers" via any Google search box. ( Readmore... )

Courtesy : U.S.S.Post , Personal Money Store , Buzz Punching & Gizmo Crunch

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Toyota Recall

Toyota Recalls 1.7 Million Vehicles Over Fuel Leaks

TOKYO — Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market.

Toyota's latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where the world's No. 1 automaker faces the biggest obstacles to winning back customer trust. ( Readmore... )

Toyota Recall List 2011: Models Affected by Fuel Leak Problem

It has just been revealed that car giants Toyota has announced another global recall, affecting around 1.7 million of their vehicles due to defects which could cause fuel leaks and other problems.

As reported from BBC News, most of the recalled models affect car owners in Japan, but Toyota are also recalling 421,000 outside of Japan, with 140,000 vehicles specifically linked to the Toyota Avensis model. ( Readmore... )

Huge New Toyota Recall Includes 245,000 Lexus GS, IS Sedans

It appears that the worst of Toyota's recall woes might not yet be past. The world's largest automaker confirmed plans today to recall nearly 1.4 million vehicles globally, for issues including oil leaks, faulty fuel pumps, and fuel lines.

The number includes about 245,000 Lexus IS and GS models in the U.S. market for the fuel issue; the remainder concern oil leaks on the Japan-market Toyota Noah, Voxy, and Isis minivans, plus about 140,000 Toyota Avensis models in other international markets, produced between May 2000 and October 2008. ( Readmore... )

Toyota Recall Again

Toyota owners around the globe find themselves, once again, questioniong whether their car is safe. Toyota announced a global recall on more than one million cars globally for feul leak problems today. Although no injuries have been reported, Toyota faces a number of complaints from unhappy owners. ( Readmore... )

Lexus Recall Drags Toyota and the Nikkei Lower

Shares were mixed in Asia Wednesday. In Japan the Nikkei 225 Index sank 0.6% to 10,402, while in China the Shanghai Composite Index gained 1.2% to close at 2,709. Hong Kong's Hang Seng Index inched up 0.2% to end the day at 23,843. ( Readmore... )

Toyota shares drop after global vehicle recall

The recall, reportedly the first by Toyota since October, applied to nearly 1.3 million vehicles in Japan, mainly for models of its Noah minivan manufactured between 2000 and 2008.

A Toyota spokesman said there had been no accidents or injuries related to defects that led to the recall. ( Readmore... )

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Woot

Woot was Down: January 25, 2011

Woot.com, purveyors of one-day-one-deal cheap electronics and household gadgets, is down.

Visitors to Woot won't be able to connect due to server outage, but surely woot.com will be back up soon. Breathe deeply. That way you won't start to sweat. ( Readmore... )

Woot “One Day, One Deal” Site is Down Today

Woot is an American Internet retailer based in the Dallas suburb of Carrollton, Texas. It was founded by electronics wholesaler Matt Rutledge and debuted on July 12, 2004. Woot’s main website generally offers only one discounted product each day, often a piece of computer hardware or an electronic gadget.

Other Woot sites offer one original t-shirt per day, five selections of wine per week, one children’s item per day, four deals sponsored by other websites, and one closeout deal per day in cooperation with Yahoo! Shopping. On June 30, 2010, Woot announced an agreement to be acquired by Amazon.com. ( Readmore... )

WOOT

WOOT, Woot is an Internet retailer based in the U.S. Dallas suburb of Carrollton, Texas. It was founded by electronics wholesaler Matt Rutledge and debuted July 12, 2004. Primary site [3] Woot offers one product usually reduced each day, often a piece of hardware or an electronic gadget.

Other sites offer a Woot t-shirt original by far, five selections of wine per week, a topic children per day, four proposals sponsored by other sites, and a front end a day in collaboration with Yahoo Shopping. On June 30, 2010, Woot has announced an agreement to be acquired by Amazon.com. ( Readmore... )

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Camden NJ

Camden, N.J., To Lose Nearly Half Its Cops And 60 Firefighters

New York – There will be fewer cops patrolling the streets of Camden, N.J., come Tuesday.

Struggling to close a $26.5 million budget gap, the city with the second highest crime rate in the nation is laying off 163 police officers. That’s nearly 44% of the force. ( Readmore... )

Camden NJ FF Bobby Eckert oozes pure class Monday; Tuesday, he and 1/3 of his department are axed…

You may have heard the woes of the City of Camden, NJ which sits across the Delaware River from Philly, It ranked 2nd on a list of the nation’s most dangerous cities, down from first the previous two years. Violent crime is five times the national average according to FBI statistics. Three of Camden’s seven previous mayors have landed directly in jail for corruption, one while still “serving”. ( Readmore... )

Camden, N.J., To Lose Nearly Half Its Cops

NEW YORK (CNNMoney) -- There will be fewer cops patrolling the streets of Camden, N.J., come Tuesday.

Struggling to close a $26.5 million budget gap, the city with the second highest crime rate in the nation is laying off 163 police officers. That's nearly 44% of the force. ( Readmore... )

Camden, NJ - America's Fallujah?

It is a terrible irony that on the day marking the life of Martin Luther King, Jr., a city that has come to represent the worst in savage inequalities is about to be dealt another blow. Camden, NJ, which holds the dubious honor of being the second most corrupt and crime-ridden municipalities in the nation, will witness the layoff of over 400 city workers, about half of which are police officers and firefighters. Both residents of the city and Camden's immediate neighbors, namely Cherry Hill, Pennsauken, and Collingswood, fear that a weakened city government will effectively turn back the clock on years of progress in reducing crime and revitalizing this once proud city, and once again turning it back to a city that is a safe-haven for criminals and gangs. ( Readmore... )

Courtesy : Rolands Martin , Fire Daily , SBY News & Nolan Chart

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