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Navy helping New Orleans pets

Saturday, September 17, 2005

The Spanish word “tortuga” means “turtle.” But in the wake of the New Orleans disaster, the USS Tortuga is helping other animals.

For nearly two weeks now, sailors from Tortuga’s repair division have devoted much of their time during this disaster relief operation to ensure the health and comfort of displaced pets.

September 4th, just after the ship moored to a pier at Naval Support Activity (NSA) New Orleans, HT1(SW) Mark Hanley and DC1(SW) Antony Graves gathered materials from the repair shop on board to construct a kennel along the levee. The facility they made soon became a popular shelter for the homeless animals of the storm.

Tortuga’s search and rescue team brought aboard more than 170 displaced citizens during this past week, providing them with food, water, medical aid and a place to sleep.

Tortuga’s makeshift kennel, named ‘Camp Milo & Otis,’ has housed as many as 90 dogs, eight cats, one rabbit, one guinea pig, a pair of parakeets and a flightless pigeon during the past week of operation.

Currently, there are 14 dogs that remain in Tortuga’s care, as many of the other pets have been taken to animal shelters in the area for extra medical attention, or been claimed by their owners upon arrival to Tortuga. The pets that Tortuga has registered have all been in the hands of professional veterinarians assigned to provide expert medical attention to the members of Camp Milo & Otis.

Dr. Kelly Crowdis and Dr. Latina Gambles, both from Tuskegee University and Christian Veterinary Missions, have treated many of the pets for infection, dehydration, malnourishment and broken bones at the Camp during the past week.

“The animals were bathed and assessed before physical interaction with the sailors,” said Dr. Crowdis. “They’ve been given immunizations, antibiotics and medications based on their medical needs.”

Dr. Crowdis added, “What these sailors have done on their own has been such a heart-warming thing. As an animal lover, it is so comforting to know that everyone cares about the animals in addition to the human lives rescued from the storm. I’m very pleased with these guys for taking the initiative to construct this kennel.”

Graves, Hanley and other members of their division have consistently bathed, fed, walked and given special attention to every dog, every day.

“We play with them,” said Hanley. “We take them out of their kennels to give them attention every day. And we’ll continue to do that for as long as our ship’s mission keeps us here.”

September 11th, the Agricultural Center at Louisiana State University donated supplies to “Camp Milo & Otis” in support of Tortuga’s efforts to help the animal victims.

”We got medical supplies, bowls, food, cages, leashes, collars, toys, cat litter and cleaning supplies from these people yesterday,” said Graves. “It’s nice to know that so many people out there have heard about what our ship is doing, and responded by donating so much to support us the best they can.”

A photo gallery of unclaimed pets is on the USS Tortuga’s web site.

As part of disaster plans, the Department of Homeland Security has also deployed Veterinary Medical Assistance Teams to provide medical care to pets and livestock, as well as provide any needed veterinary medical care for search and rescue dogs.

There are over 3,850 animals being sheltered around the state. If someone is looking for a pet they should contact their nearest Humane Society or go online to http://www.petfinder.org// . More information is also available at http://www.vetmed.lsu.edu//.

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Alex Necochea and Bryn Bennett: the ‘Guitar Heroes’ of Bang Camaro

Monday, October 8, 2007

When a fan connects with a band, it’s often during moments like a drive down a highway at night reflecting on some aspect of his or her life; sitting at home after a fight with a girlfriend; singing in the shower; or celebrating at a party with her friends. Music becomes a soundtrack to an individual’s life, and a connection with the musician forms when the listener is able to peg a perfect moment or feeling to a song. Boston-based mega-member rock group Bang Camaro‘s fan base claims a different level of interaction: they often have learned to play their music before they ever had a moment associated with it. Bang Camaro found fame on the video game Guitar Hero II, where an aspiring rock god uses a guitar-shaped peripheral to play rock music as notes scroll towards him on the screen.

Wikinews reporter David Shankbone journeyed to the Bowery Ballroom to talk to the two founding members of Bang Camaro, Alex Necochea and Bryn Bennett. But when MTV.com shows up at the same time as Wikinews to do an interview, the band must split up. Below is our conversation with Necochea about touring, influence, politics, throwing his corpse out of a plane and flatulent women.


David Shankbone: How’s the tour going?

Alex Necochea: The tours is going great! We just played in Poughkeepsie last night with the OCC house band.

DS: Poughkeepsie, huh?

AN: Yeah! [Laughs] Poughkeepsie, it’s kind of a dark town. Not much of a built-in crowd there.

DS: What kind of crowd is there?

AN: From what I could tell, we played for a lot of Guitar Hero fans and people who heard about us through friends of friends, or came across us on MySpace. That sort of thing. But for the most part a lot of the kids we meet are anywhere between…well, I guess at a club like that they have to be over 18, but usually they are just much younger kids who are video game fans, who have heard about us through Guitar Hero II.

DS: What’s that like to have a fan base that comes from primarily video games? Have you noticed a difference between being known as a local band playing in your city and being known through video games? How would you compare the audience?

AN: It’s different. In our hometown it started off as just a big word of mouth thing. We had twenty guys in the band, so everybody had friends-of-friends. We started a groundswell that way. But when we get out of town, not in New York so much, but when we go to Chicago and Milwaukee and places like that they generally tend to be much younger people. It’s a really big thrill for Bryn and I in that we are meeting kids who are just like us: young video game fans, aspiring musicians, usually males who picked up guitars. They come to us and say, ‘Nobody plays guitar anymore like you guys do!’ or ‘My parents used to listen to music like that!’ It’s just a big thrill for us to meet young kids like that who remind us of ourselves when we were kids.

DS: How does it feel to be looked-up to by the kids, by America’s future?

AN: [Laughs] It’s terrifying! [Laughs]

DS: Do you see parents at the show?

AN: Oh, yeah, oh yeah. Parents with their kids—

DS: That must reduce the crotch grabbing.

AN: [Laughs] Yeah, a little bit of macho posturing. I tell you man, it’s a really big thrill, just to go out and play in towns we’ve never been to. Kids come out and they know all the songs. We’ve had situations where we’ve played New York and girls are in the front row singing along to our guitar solos. Like, wow…we’re on stage playing and we can hear them singing back at us. Something else Bryn and I have noticed is at larger festival shows when we get to the end of our shows we play Push Push Lady Lightning, the kids would just light up and start air guitaring! But not actually playing air guitar, but playing air guitar hero–like, they knew where all the notes were!

DS: Which is a lot different for audiences of many bands.

AN: Absolutely! I can’t imagine other bands having the same experience, because we come from such a unique perspective that a large part of our music is driven by the instrumentals, and that sort of thing.

DS: Your fans are so engaged with your music, far more than most bands have. Most bands they have fans who feel their music speaks to them, but your fans can say, ‘I learned to play guitar on your shit and not on Eleanor Rigby!’

AN: It’s an honor. It’s still unbelievable to me. I had a message from a friend of mine who was at Guitar Center and he heard one of the kids cranking out one of our songs when he was trying out the guitar. To me, it’s like we made it.

DS: At this point of your career, you’re not playing stadiums, but you’re also not playing Otto’s Tiki Lounge on a Tuesday night. When you reflect upon it, what do you think about?

AN: In the past two years, since Bryn and I started this project, we’ve both been playing in bands locally in Boston for years. We had some mixed success, we played large venues in and around Boston. We got to the point where we said fuck it, we just want to have some fun and we’d laugh a lot going over old Ozzy Osbourne stuff we listened to as kids, just giggle about it. Bang Camaro started that way, something for us to do and invite our friends to come sing on it. Now, just two years later, it’s amazing what happens when you stop trying. It’s something not contrived or born of any desire to reach an audience. We just did it for fun, and that spoke to people more than anything else we worked on.

DS: Do you have other areas of your life where you’ve been able to apply that?

AN: [Laughs] You mean as an ethos? Don’t try? [Laughs] You know, not really. I have found the greatest success in the things I have put most of my effort into. This band has been a complete unique experience in that respect, at least in terms of trying to forge a ‘career in music.’ Bryn and I had gotten to the point where we thought maybe this wasn’t the way to go. Bryn was going to go back to his career as a video game programmer and I was just going to find something else to do. So not really, I don’t really apply that in any other portion of my life.

DS: What are some dream projects you’d like to work on?

AN: As a musician, obviously for me it would be to meet and work with some heroes of mine since I was a kid. Like Mutt Lang; he always made my favorite records. At the same time, it has also been a dream of mine to meet people like Mark Linkous of Sparklehorse. Those guys made honest sort of rock n’ roll, for lack of a better comparison, the way people like John Lennon or Bob Dylan would. To me those are the artists of my generation. It would be my dream one just to meet those guys and two just to work with them on some level. I’d also be lying to say that it would just be my dream to take this project with twenty of my best friends and take it as far as we can take it. So far in my life it’s been the most rewarding thing.

DS: In the creative process it’s so difficult to be original today. Everything has been done. Do you ever let that trip you up, the Simpsons Did It problem?

AN: No, not really. I found I would end up falling into that cycle playing in indie rock bands, just trying to come up with the next thing, like Radiohead they stopped using guitars and things like that. Trying to kick the ball forward a little bit instead of kicking it side to side. With this band we don’t get hung up on that. We originally just started it as a celebration of the things we loved when we were kids. We’re not out here trying to reinvent the wheel. We’re fortunate in that when we were putting the project together we wanted that big vocal sound. What set us apart was how we went about doing that. We just invited all of our friends because we didn’t want to multi track everything ourselves. Soon after we had to figure out how to pull it off live, and people would approach and say ‘we heard you have this crazy project with all these people.’ The project grew into the live monster it is out of necessity. We’re not rich people, we don’t have refrigerators and the big tour bus. Speaking of dreams, maybe one day we’ll have a tour bus. For now, we travel in two very smelly vans.

DS: If you could choose your own death, how would you die?

AN: [Laughs] I would want to steal what I heard a mutual friend of ours said. He said when he died–it’s not how he died, but this is what I heard–he said when he’s dead, he wants his corpse to be dressed up like Superman and thrown out of an airplane. I thought that would be fitting. But I’m not ready to think about death, not just yet.

DS: You guys have been described as Metal and Glam rock. What would you describe your sound as?

AN: I would call us anthem rock. We’re really not heavy metal. I think our focus is more on writing great singles, as best as we can make them. Pop music. That’s just something Bryn and I grew up on. We’re big fans of melody and big driving hooks, that sort of thing.

DS: Would you say anthem rock more in the Mötley Crüe vane or more in the T. Rex vane?

AN: I would say half and half. Our influences don’t just stop with hair metal and things like that. We draw on things like Thin Lizzy, Boston, bands like that. Not necessarily virtuosic sort of musicianship, but things that are put together. We like to spend the time when we are writing our songs that we are taking all the extraneous crap out of it. We just want to make good, hook-drive pop music.

DS: Does the war in Iraq affect you artistically at all?

AN: [Laughs] No, not at all. No, you could say I’m just like everybody else. I read the paper and blogs, and I’m just as horrified as everybody else. I’m definitely not a fan of this war.

DS: If you had to fight in Iraq or Afghanistan, where would you fight?

AN: Oh, the fight was definitely in Afghanistan. Iraq was a much different animal.

DS: Are you more inspired by things in nature or things that are man made?

AN: I would probably have to go with nature. I’m a student of science. I have a degree in environmental geology. When I was 19/20 years old I went through all the regular existential questions people that age go through: why am I here and my place in the universe, that sort of thing.

DS: Did you answer any of them?

AN: Oh, God! I play rock guitar in a twenty man band!

DS: That’s important for a lot of people – you see your audience. You’re giving a lot of inspiration to a lot of people. You don’t know who you might be inspiring to pursue music.

AN: [Laughs] Oh, kids, don’t be like me! I would definitely go with nature over man made.

DS: What’s your favorite curse word?

AN: Fuck.

DS: What’s your favorite euphemism for breasts?

AN: Big guns.

DS: Have you used that recently?

AN: Actually, I think I did use that in the last week, and no comment.

DS: I read that you named the band after fast women and fast cars.

AN: [Laughs] Who told you that? No, Bang Camaro were two words out of the English language that were the two sexiest words we could think of. We put them together and they roll off the tongue. Bang Camaro. It says a lot more than it means.

DS: What sort of qualities do you look for in a woman?

AN: I need a girl who is going to make me laugh. I need a woman who is smarter than I am. A woman who will always keep me guessing. Absolutely. Calling me out for my own jerky bullshit. I like a girl who is fiercely independent, knows what she wants, and doesn’t need me.

DS: Hillary Clinton or Barack Obama?

AN: Oh, man, I’m going to get in a lot of trouble for saying Obama. I would probably go with Obama. There’s just something in his rhetoric and his oratory that is a lot more inspiring than Hillary. Hillary, to me, represents not much of a changing of the guard.

DS: What would be the greatest of misfortunes to befall you?

AN: [Chuckles] Oh, if I were to die alone. No, probably one of my greatest fears is injuring or maiming any of my appendages, to be honest.

DS: Do you have any special things you do to make sure you don’t injure or lose an appendage?

AN: [Chuckles] I don’t keep my hands in my pockets when I am running down stairs.

DS: That’s a conscious choice?

AN: Yes, that’s a conscious choice.

DS: What if you are just walking down stairs?

AN: [Chuckles] You can’t realign the stars, man. Shit will happen, shit will happen.

DS: What possession do you treasure most?

AN: That’s a good question. Probably my cat. I love my cat more than anything.

DS: What’s your cat’s name?

AN: Sadie.

DS: Like Sexy Sadie?

AN: Yeah, like Sexy Sadie. That’s exactly what I named her after. Big John Lennon fan, so I couldn’t resist.

DS: What trait do you deplore most in other people?

AN: I’m a lover, not a fighter. Jealousy, greed. But I try to look for the best in everybody. Who knows.

DS: What do you think are the greatest threats to humanity?

AN: Humanity itself. You can typically read anywhere that humanity is a virus, a plague, on Mother Earth. I really think the greatest threat to humanity is not a meteor or comet hurtling toward the planet, it’s us. We’ll be our own undoing. Bad politics, the spread of…oh, man, I could get in trouble…

DS: Who would you get in trouble with?

AN: No, I don’t know who I could get in trouble with. But I definitely think that capitalism is something that having gone unchecked for so long isn’t doing right in delivering civil freedom. It’s not delivering on its promises. Then again, I play in a rock band and people come pay to see me. I understand it works on both levels.

DS: What would be a bigger turn-off in bed: a woman who spoke in a baby voice, or someone who was overly flatulent?

AN: Oh God! I’d go with the baby talk, man.

DS: You’d prefer the baby talk?

AN: No, I would go with the flatulent woman. At least she’s real.

DS: Have you ever been faced with either scenario?

AN: No, I don’t think women should be flatulent.

DS: At all? Not even if she lets out a little giggle afterwards?

AN: Yeah, well, so be it.

DS: What if she was really flatulent?

AN: Like, extremely flatulent? I’d go more for the flatulence. Baby talk…that’s a real boner killer. Sorry, man.

DS: And you’ve never had a baby talker?

AN: No, not since high school.

DS: In high school?

AN: Oh, yeah. She had to go.

DS: What if she was Dutch oven flatulent?

AN: Is it really one or the other? Can I just go gay?

DS: You can always go gay. It’s the new millennium.

AN: Yeah, well, I’d probably end up with a baby-talking overly flatulent man, I’m sure.
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First winter snowfall in New Zealand

Saturday, June 4, 2005

Overnight Friday a Southerly storm brought snow to both the Southern Alps and the central North Island mountains of New Zealand for the first time this year, closing major roads and stranding travellers at the start of the Queens Birthday holiday weekend. Police and the AA urged motorists to drive with extra care and to the conditions this weekend.

In the North Island, State Highway 1 between Waiouru and Rangipo, the Desert Road was closed by deep snow at 3 PM on Friday afternoon. Other roads in the area, including other parts of State Highway 1 between Bulls and Turangi, State Highway 4, via National Park, and 49, via Ohakune, were closed at 8 PM.

These road closures stopped all traffic through the centre of the North Island. About 200 travellers were reported to have spent the night at the Waiouru Army Camp, being accommodated in the Marae and the Barracks. Grit trucks and snow ploughs worked overnight to clear the snow and reopen roads, with the Desert Road finally being reopened about 12:30 PM Saturday.

Together with a slip threatening to close State Highway 3 in the Manawatu Gorge and damage to State Highway 2 after floods in the Bay of Plenty a couple of weeks ago, the only reliable alternative route for travellers around the North Island was via Wanganui and Taranaki.

In the South Island, Police and the AA advised that chains were essential when travelling over the mountain passes.

Yesterday, Mount Hutt skifield announced it would be opening Saturday morning. Early Saturday morning, skiers were reported to be queuing at the gates of Mount Hutt skifield, eager to get the first opportunity to hit the slopes in 2005. Other South Island ski fields were also indicating June opening dates.

The weather outlook is for cold southerly winds and rain over the Queens Birthday holiday weekend, with snow down to 400m in the South Island.

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Propane Tank History}

Propane Tank History

by

Kristoff Webber

Changing a propane canister from a home appliance is easy as it can get. It is only the weight of the metal of which the canister is made of. The container in most cases has a lever which locks or unlocks the container to the device.

Propane gas is really a extremely secure fuel for use in houses unlike liquid or oil fuels which have a risk of catching on fire effortlessly and then causing households to be in danger. Domestic appliances utilizing other forms of fuels should be replaced with propane based appliances to have enhanced safety.When utilizing propane based cooking systems there isn’t any need to wait for the heating element of the device or appliance to obtain heated. The instance flame produces sufficient heat to get cooking straight away with out wasting precious time.Electric kettles utilized for heating water take a great deal of electric power. Therefore, frequent use of kettle for heating water adds to your expense substantially. Utilizing propane as a fuel source in place of electric stoves and electric kettles can cut down electricity consumption by even less than fifty percent.Propane gas is supplied to households by underground pipelines that are not affected by weather conditions. That ensures a continued supply of gas to household appliances which use propane as a fuel. That means in winters you are able to use such appliances needing propane as a fuel.Propane is treated as a clean fuel as it’s environment friendly and consequently used as a fuel for trucks and cars in certain parts of the globe. A small container may be used for its storage to provide fuel for the car for longer distances. Propane requirements to be stored under pressure, thus performing away with the procedure of pumping, needed in case of most other fuels. You can conveniently carry the container wherever you go and use the fuel as per requirements. Regular generates which use petrol or diesel emit dangerous gasses like carbon monoxide and sulfur dioxide which can trigger dangerous effects towards the environment such as contribute to ozone depletion as well as greenhouse impact. Use of generators inside an enclosed are leads to creating up of lethal gases which are dangerous for humans. With the use of propane powered generators this may be avoided because they have minimal emission levels. Propane appliances are extremely effective and do not waste power. The fuel consumed by the flame combusts cleanly and makes sure you get the benefit of each penny which you have paid for the fuel. Flame that you get on burning of propane offers extremely high heat that facilitates quick heating anytime you would like.

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New Jersey real estate investor charged with $2 million theft

Friday, March 20, 2009

The owner of a New Jersey real estate investment firm has been charged with using $2 million of his company’s money for construction at his home and other projects not related to work.

Gary Klein, owner of the Asbury Park-based REI Group Inc., surrendered himself to police after a Monmouth County grand jury indicted him on one count of theft by deception charges.

The charges were the result of a three-year investigation into his practices. Klein, 45, of Colts Neck Township, faces up to 10 years in state prison if convicted. Klein was released Friday after posting $75,000 bail.

Klein attracted clients by telling them he would invest their money in projects that would result in returns of 12 and 85 percent. Prosecutors said the actions mirrored those of a Ponzi scheme.

Robert Weir, Klein’s attorney, said the operation was not a Ponzi scheme, but legitimate business investments that went bad as the economy declined. Weir also said Klein hired a receiver to try and return the investors’ money once the investments started to go sour.

“It’s a shame that a business that experienced a turn in the real estate market is now being treated as a criminal problem. That was not Mr. Klein’s intent,” Weir said to The Star-Ledger.

Weir said the investments were used for building rehabilitation projects in Asbury Park and the construction of Florida condominium complexes, but authorities said Klein used the money to repay earlier investors who were cashing out, as well to help build his own home.

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Kentucky Derby winner Barbaro injured in Preakness, does not finish race

Saturday, May 20, 2006

Kentucky Derby winner Barbaro, sent as the post-time odds-on favorite in this year’s Preakness Stakes at Pimlico Race Course in Baltimore, Maryland, breaks down in the opening stretch of the race, shattering any chance of a Triple Crown winner this year. Bernardini, the 12-1 4th choice out of 9, ends up winning this year’s Preakness, stopping the clock at 1:54.65. Following up 5 1/4 lengths behind was Sweetnorthernsaint, sent to the post at 8-1, and Hemingway’s Key at 29-1, six lengths further back.

According to Dr. Larry Bramlage, the on-call veterinarian for the American Association of Equine Practitioners, Barbaro’s injury was “significant” and “would require major stabilizing surgery.” Barbaro’s injury effectively ended the horse’s racing career.

Bernardini, a colt by A.P. Indy out of Cara Rafaela, by Quiet American, was bred and is owned by the Darley Stable of Sheikh Mohammed, is trained by Tom Albertrani, and was ridden to victory by Javier Castellano. Today’s Preakness marks the first Preakness win for jockey Javier Castellano, who previously rode Ghostzapper to a win in the 2004 Breeders’ Cup Classic. The Preakness was only Bernardini’s 4th career start.

Bernardini paid $27.80 on a $2 win bet. The $2 Exacta of Bernardini and Sweetnorthernsaint (8-7) paid $171.60, the $1 Trifecta with Hemingway’s Key in third (8-7-3) paid $1,956.40, and the $1 Superfecta with 2nd-favorite Brother Derek (8-7-3-6) paid $11,151.20.

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Scared Of Cancer? Dont Be Anymore With Nexavar}

Submitted by: Safesasa Genericas

Cancer is not a disease, it is a fear and everyone is scare to face it. The cells inducing cancer in a human body spread faster than anticipated. There is hardly any medication that has been invented to spread these cancer cells. It is a revolution with Nexavar that is said to be blocking the spread as well as the growth of those dangerous cells. No other drug has been able to claim to have had this effect. Now that nexavar cancer drug claims this, we can be proud of the achievement in the field of medicine. This is one arena which has been waiting for this revolution for long.

This amazing drug helps in curing cancer in the liver, cancer of the thyroid and kidney cancer too. It is rare to hear about the healing of liver cancer but now with nexavar, liver cancer is meant to have made its way through the positive side of life. It has won over the sufferings and healed with the help of this medicine. People all over the world have been talking about the magical effect of this truly revolutionary drug that does wonder by healing cancer. Apart from liver cancer, with Nexavar, thyroid cancer too is treatable. Many patients suffering have come out victorious fighting the battle of lives. There is no medicine at par nexavar which is casting its spell on everyone and that too positively. Can anyone say a No? I am sure no one, in fact no one will.

Life is the most precious gift one can have and to live each moment is everyones dream. This drug helps you live that dream with no fear of death from cancer. It is doing the job of pulling you out of the jaw of death. While it is quite effective drug, one ought to be very careful with the below mentioned points before beginning the dose of this medication.

You shouldnt have any kidney or liver damage or any problem pertaining to those organs

Cancer in the lungs is a strict No

You ought not have allergies of any kind

You shouldnt be suffering from high blood pressure, heart problems

Any history of heart attack and stroke shouldnt be in your medical history

You shouldnt be suffering from any genetic Long QT

If the above points are taken care of, you are fit to undergo the medication. You should be open while you are discussing your health condition to the doctor. Anything hidden can lead to malfunctioning. You can be careful about the composition after going through the prescribing information too.

Dosage

The drug when prescribed needs to be followed strictly with no miss. The regular dose is to to take the medicine once or twice depending on the severity and diagnosis done by your physicist. Generally it should be taken one or two hours before meal on an empty stomach. There can be negative side or side effects of taking the drug like sores in the mouth, heavy bleeding during periods, pain in the chest, blisters, weight loss, extremely high blood pressure and many more which can of sever kinds. In case you have any such symptoms or any that has not been mentioned, it is good to see a doctor and discuss.

Summary: The price can be a little higher than other medicines in the market owing to its tremendous positive effect. The question is can anything be costlier than life? I guess no. If you need life, then Nexavar is the answer.

About the Author: For more Information visit us our website:

safegenericpharmacy.com

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Markets dragged down by credit crisis

Friday, August 10, 2007

Global stock markets fell today, in a mass sell-off stemming from the sub-prime mortgage crisis in the United States. The Dow Jones Industrial Average rebounded late in the day after falling more than 250 points, ending the day down about 31 points. The UK’s FTSE-100 index fell 232.90 points to 6038.30, and Japan’s Nikkei 225 fell 406.51 points to 16764.09.

Central banks across the world are injecting funds into their banking systems to add liquidity, fearing that many financial firms with subprime ties will be insolvent. Yesterday, the U.S. Federal Reserve transferred US$24 billion to temporary reserves, following the European Central Bank, which authorized a record €83.6 billion addition to its banks, its biggest cash infusion ever. On Friday, the Fed entered into a $38 billion repurchase agreement of mortgage-backed securities, easing stockholder worries. Also on Friday, the Bank of Japan injected ¥1 trillion into Japan’s financial system.

The Federal Reserve met this week, but decided to maintain its target rate of 5.25%, although on Friday the federal funds rate was hovering around 6%, indicating a drop in liquidity.

The volatile week began last Friday with Bear Stearns tumbling as a result from its complete loss of two major hedge funds worth more than $1.5 billion. The hedge funds had been dangerously exposed to the massive sub-prime mortgage failure, and the company announced it was unable to return any money to investors.

Washington Mutual, and Countrywide Financial, both very large U.S. home loan lenders, saw shares fall. Countrywide Financial made a statement this week, saying they will be forced to retain a greater proportion of mortgage. American Home Mortgage Investment Corp, another large lender, recently filed for bankruptcy. The U.S. housing market has been declining for more than two years after the Federal Reserve raised interest rates 17 times. Now, lenders are in a quagmire from millions of people who are unable to repay loans after taking adjustable rate mortgages, teaser rates, interest-only mortgages, or piggyback rates.

Jim Cramer, of CNBC’s Mad Money, remarked that as many as seven million people will lose their homes from bad mortgages. Last Friday, Cramer went on a tirade on CNBC’s Street Signs, saying that the “Fed was asleep” and called for them to lower rates immediately.

Asian and European markets have become increasingly entangled in the subprime mortgage crisis in the U.S. Deutsche Bank of Germany lost almost $3.5 billion in share value, forcing the government to organize a bail-out. France’s largest bank, BNP Paribas SA, halted withdrawals from three large investment funds which were crippled by sub-prime exposure.

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Assassinated lawyer accuses Guatemalan president from beyond grave

Wednesday, May 13, 2009

In a videotape recorded prior to his murder on Sunday, Guatemalan lawyer Rodrigo Rosenberg accused President of Guatemala Álvaro Colom and his wife Sandra Torres of complicity in his violent death.

“If you are watching this message,” Rosenberg told the camera, “it is because I was assassinated by President Álvaro Colom with help from [private secretary to the president] Gustavo Alejos.”

In the video, distributed at his funeral, Rosenberg attributed the motive of the incipient murder to his representation of businessman Khalil Musa. Musa and his daughter Marjorie were murdered in April. Rosenberg alleged that Musa was killed because he was unwilling to enter into corrupt dealings at the behest of president Colom.

Presidential spokesperson Fernando Barrillas categorically rejected the accusations. “This reveals the intention of creating a political crisis around a case that should be investigated and processed by the courts,” he said in a statement posted on the official web site of the Guatemalan government. Barrillas also announced the intention to seek international help in the investigation of Rosenberg’s murder.

Rosenberg was shot on Sunday while riding his bicycle in Zone 14 of Guatemala City. His video statement has been posted to the YouTube web site.

Helen Mack of the Myrna Mack Foundation, a Guatemalan Human Rights organization, called for the video to be authenticated by experts, describing the investigation of the accusations as “rather difficult at a political level.” ((Translated from Spanish))Spanish: ?bastante difícil a nivel político.

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