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Record number of failed banks reported in US for February

Sunday, March 1, 2009

According to the Federal Deposit Insurance Corporation (FDIC), a record number of banks for a calendar month have failed in the United States in February. A total of 10 banks failed in February, more than any other month since October of 2000. A total of 16 banks have closed this year so far, with 24 closing in 2008. If the current trend continues, the total number of failed banks will more than double in March, as compared to the total number of failed banks in 2008.

The list grew after the FDIC took over the funds from the Security Savings Bank of Henderson, Nevada and the Heritage Community Bank in Glenwood, Illinois on February 27. The FDIC issued press releases for both institutions.

The four branches of the Heritage Community Bank reopened on February 28 “as branches of MB Financial Bank,” stated the FDIC. The bank’s assets were worth nearly US$233 million and had customer deposits worth nearly $220 million. MB is expected to purchase $230 million of the bank’s assets and the FDIC will “retain the remaining assets for later disposition.”

“The two Security Savings Bank branches will reopen on Monday (March 2) as branches of Bank of Nevada,” stated the FDIC. The bank held assets worth approximately $238.3 million with customer deposits of nearly $180 million. Bank of Nevada will purchase approximately $111 million of the bank’s assets while the FDIC will retain the remaining balance, also “for later disposition.”

“The FDIC insures deposits at the nation’s 8,305 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed,” added the FDIC.

Both banks, when reopened, will immediately become members of the FDIC.

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India set to install panic buttons on buses to combat sexual assault

Friday, May 27, 2016

The Indian Government announced on Wednesday they will issue a notification to ensure all buses are fitted with panic buttons to prevent sex-related violence occurring on buses in India. The motion was introduced by Road Transport and Highways Minister Nitin Gadkari. Installation of the buttons is set to become mandatory on June 2.

Tests are under way on 20 buses running from Rajasthan to New Delhi. Buses are to have panic buttons, a GPS-enabled vehicle tracking device, and CCTV cameras. The new buttons are located at the front doors and when pressed, a police control room has the ability to view live footage recorded inside the bus.

Last month, the government announced that as of 2017, mobile phones can’t be sold in India without a panic button. With the press of a single key, the panic button alerts emergency services that assistance is required.

Since a fatal sexual assault three and a half years ago on a bus in New Delhi, accompanied by increased rates of sexual assault, the government has been pressured to help women avoid the dangers of sexual assault. The bus sexual assault three and a half years ago resulted in India-wide protests, and laws regarding sexual assault were overhauled.

According to India’s National Crime Records Bureau (NCRB), in 2014 New Delhi reported 1,813 rapes, more than any other Indian city. In more than 80% of rapes across India, the victim knew the rapist. In data from 2013, the rapists in 539 cases were parents, in 2,315 cases other relatives.

In 2012 the NCRB said the country had 24,923 reported rapes. However, this number grew over the following year, with 2013 seeing 33,707 reported.

In 2013, NCRB said New Delhi saw 1,636 rapes reported, with an Indian average of 92 women per day. The New Delhi cases alone account for more than four per day.

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Opponents: New Zealand government sneaks bill into House to avoid public backlash

Thursday, December 7, 2006

The New Zealand Government has tabled the Therapeutic Products and Medicines Bill, despite unprecedented political opposition.

In 2003 the Hon Annette King signed a Treaty with Australia agreeing to hand control of the natural health products sector over to an Australian regulatory body, however she needs to pass enabling legislation in New Zealand. “This will be a world-class joint scheme designed to regulate the safety, quality, effectiveness and promotion of therapeutic products in both New Zealand and Australia. That includes the regulation of complementary and alternative medicines, over-the-counter and prescription medicines, medical devices, blood and blood products and tissues and cellular therapies,” Ms King said.

Twice the Bill has been thrown out by select committees, but the Government is determined to ram it through Parliament, according to the New Zealand Health Trust.

“Late tonight the Bill was finally tabled, with no announcement from the Minister,” said Amy Adams, spokesperson for the Trust, “Clearly the Minister is keen to sneak it into Parliament under cover of the silly season, in the hope that she can keep it under the public’s radar.”

“I welcome the support of a majority of the House who want to see the Bill go to Select Committee where New Zealanders can have their say,” Ms King said.

The NZ Health Trust conducted research earlier this year which showed 62% of New Zealanders used natural health products. “This Bill represents a massive and irreparable change to the way we make rules for New Zealand dietary supplements,” Mrs Adams said.

“Under the proposed regime, well over a million New Zealand consumers would find the choice of products adversely affected, and experience cost increases. So you can see why the Government is trying to sneak this into the House without any fuss – they don’t want the public to know.”

All the political parties except Labour have pledged their opposition the proposal, despite some intense lobbying by Australian and New Zealand officials.

“It is a very serious thing to hand sovereignty over your country over to another nation,” Mrs Adams said. “And all the other political parties see the sense in making sure the sector is regulated from New Zealand – not as a minor state of Australia.”

Ms King said: “The Bill… ensures that New Zealand will have an equal say in the setting up and running of the new Authority and joint scheme.” The new authority will be like a crown-owned entity and will have to provide an anuual report and a statement of intent to parliament each year.

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By Simona Rusnakova

People, who are tired from their daily work and routine, keep on attending seminars and business meetings. These people are so very much fed up from their routine that they need some space to relax themselves. Big business people earn a lot to live a luxurious life and they are also fond of travelling. Travelling is a major hobby for these people. They are so much stressed out from their work that they prefer to travel in the executive class, the highest class available in airlines. These people choose executive travel for themselves so that they can travel in an environment which is free from noise and can make themselves free from the hustle and bustle of life.

Before going for travelling, one needs to carry an executive travel luggage which is the main requirement before starting. Luggage should be completely ready with all the essential items. In order to have more relaxation one can book his ticket earlier that is one or two weeks before so that one need not worry about the same later. Whenever a person travels by plane, one needs to follow some etiquette which reflects the behaviour of the person.

— Well mannered behaviour of an individual will show a sign of his good background

[youtube]http://www.youtube.com/watch?v=Tl3baaPyjuM[/youtube]

— One needs to follow certain rules and regulations which are made by airlines

— Carry all the documents which are required for travelling

— Whenever you pack the luggage, always remember one thing that never carry materials which are prohibited by the airlines

— Try to maintain a high standard which will give help in future also so that one should not feel embarrassed which is very important.

People travel for many purposes such as recreation or for business. Depending on their travel whether it is for recreation or a long trip the traveller needs to pack a luggage according to it. If a person is planning to go for a short weekend or hopping to a domestic place, one needs to carry just a small bag depending on how many individuals are accompanying. One thing is to be remembered that your luggage should not exceed the weight limit of the policy of the airlines. The bag which one is carrying should be light in weight and small in size so that it does not poses any problem at the checking counter. Not only luggage the travel documents are also needed to be managed in a proper way starting with the most important such as passport which provides the individual to enter at the airport. Proper itinerary, travel ticket with complete information about the place where one is travelling, address and travel insurance are also needed.

So, all these are very important tips when a person is planning to travel abroad or in a domestic area so that their travel becomes smooth and memorable forever. It is great to be able to make a decision to buy travel luggage with built-in scales which will prevent you from any embarrassement at the airport.

About the Author: This article was submitted by Simona Rusnakova,

SEO consultant

of 3r.ie, on behalf of StayHome2Shop.com who sell

garden sheds

, baby equipment, Regatta outdoor clothing, Caribee backpacks, solar products and electric bikes online in Dublin, Ireland.

Source:

isnare.com

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US stock markets fall amid credit fears

Friday, August 3, 2007

The Dow Jones Industrial Average fell more than 280 points, Friday, to 13181.91, just two weeks after soaring to a historic record of 14,000. Two other major indexes, the Nasdaq and the Standard and Poor 500, fell more than 2% in a widespread market sell-off.

Shares of Bear Stearns, the largest United States underwriter of mortgage bonds, fell 6.3% today, resulting from Standard and Poor’s altering its outlook toward the company to “negative” from “stable”. The investment banking firm recently saw two of its major hedge funds sink after exposure to the sub-prime mortgage decline. Standard and Poor’s report said the firm may have problems, including its hedge funds, that could hurt the firm “for an extended period.”

The company held a press conference at noon, but was unable to salvage its stock, leading to heavy losses in the rest of the financial sector. Chief Financial Officer Sam Molinaro remarked that the credit market was in the worst condition he had seen in 22 years.

American Express shares fell 5.6%, while homebuilder Hovnanian Enterprises fell 9.4% in the sell-off which impacted all the indexes. American Home Mortgage Investment Corporation shares fell 52.07% in the session after announcing plans to close most operations and lay off over 6000 employees. The company has also lost its lending license in four states including New York.

“It is with great sadness that American Home has had to take this action,” Chief Executive Michael Strauss said in a statement. “Unfortunately, the market conditions in both the secondary mortgage market as well as the national real estate market have deteriorated to the point that we have no realistic alternative.”

Analysts say that the weakness in the stock markets and economy in general could prompt the Federal Reserve to lower interest rates, consequently allowing inflation to rise, but that it would also support stocks and ease borrowing. The Fed has not changed interest rates since June 2006.

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News briefs:June 27, 2006

The time is 18:00 (UTC) on June 27th, 2006, and this is Audio Wikinews News Briefs.

[edit]

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June

13

Veins Varicose: Five Natural Ways To Get Rid Of Varicose Veins

By Francine Davidovich

You can cure varicose leg veins in a safe, natural way, without invasive surgery. If you suffer with leg pain or weakness due to abnormally swollen or enlarged bluish veins on your legs or experience burning leg pain or ankle pain in varying degrees, look no further.

If you are among the many people that are looking for natural therapies to relieve pain and pressure in your legs due to varicose and spider veins, these five natural ways can help you. Invasive surgical procedures are no longer a popular solution in most cases.

Alternative herbal treatments for this condition are becoming more popular and, in some cases, are a better choice because they rejuvenate veins, reduce pain, and provide a more permanent solution than surgery. Honest plastic surgeons recommend using alternative methods such as natural creams before resorting to surgery.

Five Natural ways that you can prevent and even get rid of varicose veins:

[youtube]http://www.youtube.com/watch?v=sGTAnXqn9Jc[/youtube]

– increase blood circulation in the legs – exercise such as walking, cycling and running moves blood up the legs by strengthening leg muscles. These types of exercise not only keep the condition from worsening but they improve blood flow which reduces your leg pain and also prevents leg pain cramps.

– reduce weight bearing – start by losing excess weight, handling less heavy articles and reducing activities that put excessive strain on your legs.

– wear varicose vein stockings – supports the veins with a steady pressure that helps prevent your legs from aching and swelling because they help to increase leg circulation. Stockings can help increase energy and reduce pain while you’re wearing them but are not a permanent cure. When they come off, the spider and varicose veins will still be there.

– eat a diet rich in fibre – include fruits, berries, fresh vegetables and whole grains in your diet. Their fibre strengthens leg vein walls, reduces pressure on veins and prevents constipation. Reducing high-fat animal protein in your diet as well as heavy, starchy foods and drinking plenty water will help stop varicose veins from forming.

– use circulation enhancers – check for therapeutic grade essential oils and natural herbs in leg veins products. The herbal extract Calendula is known to compensate for circulation deficiencies. This herbal extract is known for its anti-inflammatory and regenerative capabilities. Gingko biloba and Horse chestnut are used to reduce varicose veins pain and swelling. These herbs heal damaged tissue and are very beneficial for leg vein health.

It is preferred to use these herbs externally in a cream or lotion rather than internally to get quick and dependable results. According to the Mayo Clinic, “using these powerful herbs can significantly reduce pain and vein size and may actually be as effective a treatment as compression stockings.”

By following these five natural ways to remedy varicose veins, you give using the best therapy for varicose veins that not only prevents them from getting worse but may also reduce and eliminate them completely without any surgery. You can also prevent new ones from forming in the future.

If you continue to follow these steps throughout your life, you can get rid of varicose veins permanently.

About the Author: Francine has been working with a master herbalist and an aromatherapist since 1996 to develop natural, effective solutions to reduce and eliminate varicose and spider veins. For more information on

spider and varicose vein natural treatment

visit the Venus Naturals website.

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June

13

State Farm Insurance allegedly destroying papers

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State Farm Insurance allegedly destroying papers
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Tuesday, April 11, 2006

Zach Scruggs, a lawyer for United States Senator Trent Lott, says that State Farm Insurance Company is destroying records related to claims for damage from Hurricane Katrina.

The records allegedly contain information saying that State Farm fraudulently denied insurance claims made by its policy holders, including Lott, that had homes there were damaged or destroyed when Hurricane Katrina came ashore on the Gulf Coast.

Scruggs said that Lott has “good faith belief” that many employees of the insurance company in Biloxi, Mississippi are destroying engineer’s reports that were inconclusive as to whether or not water or wind was the main cause of damage to the buildings affected by the hurricane.

Lott is among thousands of home and/or business owners who had their property damaged or destroyed during the hurricane and had their claims denied because State Farm claimed that their policies don’t cover damage caused by floods or water that was driven by the wind.

State Farm has not issued a statement on the matter so far.

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June

12

Category:June 10, 2010

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Category:June 10, 2010
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? June 9, 2010
June 11, 2010 ?
June 10

Pages in category “June 10, 2010”

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11

Wikinews Shorts: August 13, 2009

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Wikinews Shorts: August 13, 2009
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A compilation of brief news reports for Thursday, August 13, 2009.

The French capital Paris has seen a second night of violence by demonstrators, who have blamed police for the death of a motorcyclist on Sunday.

On Sunday night youths in the eastern suburb of Bagnolet, set 29 vehicles alight and threw stones and petrol bombs at police. Monday night was “relatively calm” according to Samira Amrouche, spokeswoman for the regional administration, the authorities having depolyed 40 vans of riot police only 8 vehicles were burnt.

The motorcyclist, a pizza deliveryman, was killed when he fled police attempting to examine his documents, dying when he was struck by a pursuing police vehicle according to the youths,however in the police version his death was a result of him crashing into barriers.

The current violence has echoes of the unrest in 2005, with again dissaffected youths of Arab and black descent venting their anger and frustration.

Sources

  • “Paris suburb youths fight police” — BBC Online, August 11, 2009
  • “Plea for calm after Paris violence” — Press Association, August 11, 2009

The leaders of the North American Free Trade Agreement (NAFTA) met in Guadalajara, Mexico on Sunday and Monday. The leaders of the three countries (Barack Obama of the United States, Felipe Calderón of Mexico, and Stephen Harper of Canada) promised to work together on swine flu, organised crime and green issues.

Despite disputes in a number of areas remaining unresolved, the three leaders succeeded in presenting an amiable Three Amigos image. The three leaders expressed solidarity, and an understanding of each others position.

The unresolved issues include the buy American clauses in the US stimulus package, tit for tat reprisals by the Mexican authorities over Canadian visa restrictions on Mexican travellers, and the US ban on Mexican trucks from crossing the border.

Risking the ire of human rights activists back home President Obama expressed support for President Calderón’s war against drugs saying he had “great confidence” in the Mexican authorities.

Sources

  • An. “Canadian and Mexican leaders fail to reach agreement on visas” — Xinhua News Agency, August 11, 2009
  • An. “North American leaders wrap up summit, joint statement embodies cooperation” — Xinhua News Agency, August 11, 2009
  • Tanya Huntington Hyde. “Ignoring Mexico’s human rights abuses” — The Guardian, August 11, 2009
  • “Border ban angers Mexico truckers” — BBC Online, August 09, 2009

Mexican Federal Police (Policía Federal) have foiled an alleged plot to assasinate the President of Mexico Felipe Calderón. Acting on intelligence gathered over a year the Federal Police arrested five drug cartel members on Sunday and publicly paraded their captives and a number of weapons ,including automatic rifles, on Monday. Speaking during a summit of North American leaders Calderón played down the threats on his life, saying that the cartels are being destroyed by his policies.

Some 11000 have died since President Calderón’s took office in 2006 and made the war on drugs a cornerstone of his administration.

Sources

  • “Drug cartel allegedly plotted to kill Mexican leader” — CNN, August 11, 2009
  • “Mexican police foil drug cartel plot to kill president” —  August 11, 2009
  • Julie Watson. “Mexico: Suspect plotted to kill president” — Associated Press, August 10, 2009

Aung San Suu Kyi has been sentenced by a court in Burma to a further three years of house arrest for violating the terms of her previous sentence. However her sentence was immediately commuted to 18 months on the orders of Burmese head of state Senior-General Than Shwe out of respect for her father General Aung San and out of a desire for “national reconciliation”.

The period of her arrest will prevent Aung San Suu Kyi from participating in the general elections scheduled for 2010. The sentence was immediately condemned by Western leaders, and breaking from their usual silence, the Association of South East Asian Nations (ASEAN) through its current chair Thailand issued a statement expressing disappointment. The ASEAN statement and talk of further European Union and United States sanctions are unlikely to have any impact on Southeast Asian country given the support of India and China.

The Chinese issued a statement calling for the world to respect Burmese sovereignty and laws, and is seen as an indication that China, a veto power will not support any United Nations actions.

John Yettaw whose unauthorised visit led to Aung San Suu Kyi’s prosecution has himself been sentenced to seven years imprisonment, four of which will be for hard labour.

Sources

  • “Asian regrets at Suu Kyi verdict” — BBC Online, August 12,2009
  • Li. “Myanmar gov’t gives reasons to commute Aung San Suu Kyi’s sentence” — Xinhua News Agency, August 12, 2009

Four employees of the Rio Tinto Group have been formally arrested in China on charges of bribery and using improper practises in its negotiations with Chinese companies. The Chinese accuse the men of improperly learning the negotiating position of Chinese companies wishing to buy iron ore, and through this charging 700 billion yuan (US$102.46 billion) more then they would otherwise have been able to

The four were initially held on espionage charges and have been held since early July. The formal charges allows the Chinese authorities to hold the four a further seven months as it prepares its case against them. Their arrests followed the collapse of an attempted by Chinese owned Chinalco to raise its stake in the Anglo-Australian Rio Tinto Group to 18%.

Sources

  • Anne Barrowclough. “Rio Tinto China executives charged with bribery” — The Times, August 12, 2009
  • “Watchdog on secrets: Rio caused “huge loss”” — Xinhua News Agency, August 10, 2009
  • “A souring relationship” — The Economist, August 10, 2009

Michael Jackson will be the star of a film to be released on October 28, some four months after his death. The film will be primarily cut from footage of Jackson rehearsing for the series of concerts that would have taken place at the O2 in London, but will also feature interviews with Jackson’s family and friends.

The film becomes possible after AEG Live, the promoter of the O2 concerts, reached an US$60 million agreement with Columbia Pictures for over 100 hours of footage of Jackson preparing for his swan song.

“He was the architect of ‘This is it‘, and we were his builders…” said Kenny Ortega, Jackson’s collaborator on the project “…it was clear that he was on his way to another theatrical triumph.”

Sources

  • Rosie Swash. “Michael Jackson film gets October release date” — The Guardian, August 11, 2009
  • “Michael Jackson rehearsal film set for worldwide cinematic release” — New Musical Express, August 11, 2009

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