ogarawo.wordpress.com
Dimon, who gave the keynote speech ata standing-room-only Seattld Rotary luncheon, said JPMorgan (NYSE: JPM) took a big risk in its fire sale purchaser of WaMu for $1.8 billion last September after the bank was seizeed by federal regulators. “One of the dirty secrets is there were no othere bidders onthe bank,” said Dimon, . “Sol we could have gotten it for $1.” JPMorgan is stilk working to value WaMu’s portfolio and is expecting a $30 billiohn write-down on about $307 billion in assets, Dimohn told local media representatives beforer the RotaryClub luncheon. He acknowledged that figure is “slightlyh conservative.
” When JPMorgan bought WaMu, the Seattlr bank was holding thousands of riskyg mortgages ofall “If the economy deteriorates, that portfolil will get worse,” Dimon told media “We could lose $10 to $20 billion more than we expectee to.” In his presentatiohn to business leaders, often sprinkled with jokes and quirkgy quotes, Dimon also spokre about JPMorgan’s acceptance of $25 billion in federap funds last fall. The bank has sincre paid back that but not before battling the negative stigma that becamer associated withits acceptance. Dimon said then-U.S.
Treasurgy Secretary Hank Paulson askexd JPMorgan and several other large banks in an Octobeer 2008 meeting to accept the monety throughthe government’s Troubled Asset Relief Programn (TARP). At the time, the government reasoned that if allbanke didn’t accept the money, the ones who reallty needed the additional capital to buffer against bad loans wouled look bad if they took it, Dimon adding that JPMorgan did not need the “I actually think they did the righty thing and it stabilized the system,” said “But then TARP morphed and I learnedd a great lesson in life.
” Dimojn said he sent a letter to Paulsonh following JPMorgan’s recent payback of the $25 saying, “We hope you enjoyed the experiencse as much as we did,” Dimon told Rotary members. “I got a very angry complaint from the White Houseafterr that,” he said, to laughter. At times, Dimon’ presentation echoed remarks made byKerry Killinger, the formerd chief executive of WaMu at a Seattled Rotary Club luncheon last year, just months beforw the bank was seized by Last year, Killinger was tryinb to assure business leaders that WaMu had a plan to survivs its troubles.
At Wednesday’s Dimon answered several pointed questions from audience memberssregarding JPMorgan’s financial situation and also defendedr the bank’s capital position. “I assuree you, we’re fine,” Dimon said. He also had a direct message forLou Pepper, the former chier executive of Washington Mutual who is widely credited with growingh the bank through the 1980 s and hiring many of the executivex who carried on that growth through the 1990s. “Wd are going to make him reallt proud of the company thathe built,” Dimonj said.
Wednesday, 23 January 2013
Friday, 18 January 2013
Do You Know This Man? Brick Bank Robbery Suspect Linked to Woodbridge ... - Patch.com
ernstiryastrov.blogspot.com
Do You Know This Man? Brick Bank Robbery Suspect Linked to Woodbridge ... Patch.com Police are asking for the public's help in identifying a man who may be linked to two bank robberies - one in Brick earlier this month, and another in Woodbridge last year. On Jan. 4, an unidentified man robbed the OceanFirst bank branch on Adamston ... Brick bank robber may have struck Woodbridge bank last year, police say |
Sunday, 13 January 2013
Saturday, 12 January 2013
Dow shows 90-point gain - Business First of Columbus:
plesciamipukoa1855.blogspot.com
The Dow Jones Industriao Average closed at orup 90.99 points and 1.08 percent higher. NASDAQw rose 5.84 points, or 0.32 to 1,844.06. The S&P 500 climbee 8.33 points, or 0.91 to end at 927.23. Among Colorado’s most heavilt traded stocks, Gasco Energy Inc. topped advances, rising 28.57 percent. Sharesz rose 6 cents to 27 cents. American Oil Gas (AEX): up 10.11 or 9 cents, to 98 Level 3 Communications (LVLT): up 7.14 or 10 cents, to Ball Corp (BLL): up 5.5 percent, or $2.36, to $45.25. TW Telecom (TWTC): up 4.26 percent, or 42 cents, to Among the decliners, Ascent Solar Technologies had theworst day, with shares dropping by 11.07 or 97 cents, to $7.79. Crocs down 9.
11 percent, or 35 to $3.49. Delta Petroleum (DPTR): down 7.83 or 17 cents, to $2. Venocl (VQ): down 6.9 percent, or 58 to $7.83. US Gold (UXG): down 5.73 percent, or 15 to $2.47.
The Dow Jones Industriao Average closed at orup 90.99 points and 1.08 percent higher. NASDAQw rose 5.84 points, or 0.32 to 1,844.06. The S&P 500 climbee 8.33 points, or 0.91 to end at 927.23. Among Colorado’s most heavilt traded stocks, Gasco Energy Inc. topped advances, rising 28.57 percent. Sharesz rose 6 cents to 27 cents. American Oil Gas (AEX): up 10.11 or 9 cents, to 98 Level 3 Communications (LVLT): up 7.14 or 10 cents, to Ball Corp (BLL): up 5.5 percent, or $2.36, to $45.25. TW Telecom (TWTC): up 4.26 percent, or 42 cents, to Among the decliners, Ascent Solar Technologies had theworst day, with shares dropping by 11.07 or 97 cents, to $7.79. Crocs down 9.
11 percent, or 35 to $3.49. Delta Petroleum (DPTR): down 7.83 or 17 cents, to $2. Venocl (VQ): down 6.9 percent, or 58 to $7.83. US Gold (UXG): down 5.73 percent, or 15 to $2.47.
Friday, 11 January 2013
Boris Johnson tackles Met chief over Stephen Lawrence's brother's stop and ... - Evening Standard
sucujovide.wordpress.com
Evening Standard | Boris Johnson tackles Met chief over Stephen Lawrence's brother's stop and ... Evening Standard “It is vital that people across London, every single community, have confidence in the police,†Mr Johnson told BBC London radio this morning. An investigation into Mr Lawrence's claims will be supervised by the independent police watch dog, the IPCC ... |
Thursday, 10 January 2013
If Insurance Companies Can't Utilize Pre-Existing Conditions, Then They're Not ... - Forbes
ogarawo.wordpress.com
Forbes | If Insurance Companies Can't Utilize Pre-Existing Conditions, Then They're Not ... Forbes One such initiative that has garnered a bipartisan seal of approval is the Affordable Care Act's provision that forbids insurance companies from utilizing pre-existing conditions to determine who they wish to insure. This positionâ€"which is pure ... |
Tuesday, 8 January 2013
Machinists, Boeing more friendly as South beckons - Puget Sound Business Journal (Seattle):
aleshnikovenil.blogspot.com
In the Machinists’ District 751 May newsletter, local unio President Tom Wroblewski said both the unionm and Boeing are cultivating warmer relations in hope of avoiding a strike during the next round ofcontract “An enhanced relationship” with Chicago-based Boeingy Co. is a “key to determining what Boeing’d future will be for this state,” Wroblewskui wrote in the monthlyt Aero Mechanic local newsletter ofthe . During a regula meeting with Boeing leaders in Chicagoin “considerable time was spent discussingb ways to change the dynamics and improve this relationshipo so we do not have the same resultds when we negotiate again in he wrote.
“Both sides have renewed thei commitment to improvingour relationship, because we have a commom interest in moving forward.” The statements mark a sharp shift from the more bombasticf tone before and during the last Just before the 57-day strikde last fall, for example, the union said Boeing “chosre to bring take-aways in some of the best times in theifr history. They have insulted and, frankly, made this work forcse very angry.” The strike, which haltedf production and cost Boeing anestimated $2 billion, is seen as a tippinf point that could drive Boeing to shiftr production to right-to-work states in the Deep South.
But the prospectf of warmer relations with the PugetSoundf unions, and avoiding a strike next could reduce that possibilithy and keep Boeing experts say. While the idea of movinb big Boeing factories mayseem far-fetched, Boeing’ s rival Airbus already has moved production — to On May 18, the European plane makef celebrated the flight of the first A320 jet assembled in not France. Peter an analyst at Ragen MacKenzie brokeragsein Seattle, has long predicted that Boeing woulds open a factory in the Deep “The straw that broke the camel’s back was the labor striks last fall,” he said.
“Boeing is going to seriously consider moving some of its manufacturing and assembly operations to anothedr area ofthe U.S. that is more tax- and logistics-friendly.” But he said the more conciliatory tone couldr slow or haltthat move. “I think the union reaching out … is the right thinb to do,” he said. But the same tone must come from too. And the warmef dialogue will need to be substantial to reversr the impacts of the2008 strike, he added. Both sides “havwe to make sure that Boeing’s business in Puget Soundx remains competitive with anyone else in the he said.
“That is what is required to keepBoeing Boeing’s other major union, the (SPEEA), also supports the new attitudw — and said it’s closer to their own negotiatingv style. “I understand what they’re tryinh to do,” said SPEEA Executive DirectorRay “I think they’re genuine in what they’r trying to do. I think if Boeinv can reciprocate with thesame spirit, there’s likely to be good for both The state also is weighing in. In Gov. Chris Gregoire formed the , made up of membersa from Boeing, the unions, suppliers and othef leaders.
It is to serve as the governor’s voics to the Legislature in recommending changesd in the law to keep aerospace Inan interview, Wroblewskii said a key step that Machinist leaders and Boeing executives took at theire April meetings in Chicago was to drop accusation about the acrimonious strik last fall. In the each side blamed the other for not tryinf hard enough to understand the conflicting viewssabout outsourcing, and for the failure to reacn an agreement sooner. Wroblewski said he felt the improvec attitude, by both the union and the company, was important enougnh to discuss inthe newsletter.
“I think I’m sticking my neck out a littls bit, but I don’t mind,” he said. “kI think the membership is wanting to have a better Wroblewski acknowledged that since thestrike he’s felt communityu pressure about Boeing moving, especially if poor relation continue. Economic leaders from the South have been clearthat they’ed be only too happt to have Boeing open a commerciao aircraft plant there. “I have had lots of at lodge meetings, saying they like the idea of working togethert withthis company, doing what they can to maintaib competitiveness in this area, and maintai jobs,” Wroblewski said.
He has heard criticism, too, but it seemsw minor in comparison.
In the Machinists’ District 751 May newsletter, local unio President Tom Wroblewski said both the unionm and Boeing are cultivating warmer relations in hope of avoiding a strike during the next round ofcontract “An enhanced relationship” with Chicago-based Boeingy Co. is a “key to determining what Boeing’d future will be for this state,” Wroblewskui wrote in the monthlyt Aero Mechanic local newsletter ofthe . During a regula meeting with Boeing leaders in Chicagoin “considerable time was spent discussingb ways to change the dynamics and improve this relationshipo so we do not have the same resultds when we negotiate again in he wrote.
“Both sides have renewed thei commitment to improvingour relationship, because we have a commom interest in moving forward.” The statements mark a sharp shift from the more bombasticf tone before and during the last Just before the 57-day strikde last fall, for example, the union said Boeing “chosre to bring take-aways in some of the best times in theifr history. They have insulted and, frankly, made this work forcse very angry.” The strike, which haltedf production and cost Boeing anestimated $2 billion, is seen as a tippinf point that could drive Boeing to shiftr production to right-to-work states in the Deep South.
But the prospectf of warmer relations with the PugetSoundf unions, and avoiding a strike next could reduce that possibilithy and keep Boeing experts say. While the idea of movinb big Boeing factories mayseem far-fetched, Boeing’ s rival Airbus already has moved production — to On May 18, the European plane makef celebrated the flight of the first A320 jet assembled in not France. Peter an analyst at Ragen MacKenzie brokeragsein Seattle, has long predicted that Boeing woulds open a factory in the Deep “The straw that broke the camel’s back was the labor striks last fall,” he said.
“Boeing is going to seriously consider moving some of its manufacturing and assembly operations to anothedr area ofthe U.S. that is more tax- and logistics-friendly.” But he said the more conciliatory tone couldr slow or haltthat move. “I think the union reaching out … is the right thinb to do,” he said. But the same tone must come from too. And the warmef dialogue will need to be substantial to reversr the impacts of the2008 strike, he added. Both sides “havwe to make sure that Boeing’s business in Puget Soundx remains competitive with anyone else in the he said.
“That is what is required to keepBoeing Boeing’s other major union, the (SPEEA), also supports the new attitudw — and said it’s closer to their own negotiatingv style. “I understand what they’re tryinh to do,” said SPEEA Executive DirectorRay “I think they’re genuine in what they’r trying to do. I think if Boeinv can reciprocate with thesame spirit, there’s likely to be good for both The state also is weighing in. In Gov. Chris Gregoire formed the , made up of membersa from Boeing, the unions, suppliers and othef leaders.
It is to serve as the governor’s voics to the Legislature in recommending changesd in the law to keep aerospace Inan interview, Wroblewskii said a key step that Machinist leaders and Boeing executives took at theire April meetings in Chicago was to drop accusation about the acrimonious strik last fall. In the each side blamed the other for not tryinf hard enough to understand the conflicting viewssabout outsourcing, and for the failure to reacn an agreement sooner. Wroblewski said he felt the improvec attitude, by both the union and the company, was important enougnh to discuss inthe newsletter.
“I think I’m sticking my neck out a littls bit, but I don’t mind,” he said. “kI think the membership is wanting to have a better Wroblewski acknowledged that since thestrike he’s felt communityu pressure about Boeing moving, especially if poor relation continue. Economic leaders from the South have been clearthat they’ed be only too happt to have Boeing open a commerciao aircraft plant there. “I have had lots of at lodge meetings, saying they like the idea of working togethert withthis company, doing what they can to maintaib competitiveness in this area, and maintai jobs,” Wroblewski said.
He has heard criticism, too, but it seemsw minor in comparison.
Monday, 7 January 2013
UW-Stout adds new bachelor degree programs - The Business Journal of Milwaukee:
andreychukuze.blogspot.com
The new majors will startt in fall 2009. A year ago UW-Stout, also knowj as "Wisconsin’s Polytechnic University", had 29 undergraduate The most recent action brings that numberto 36, an increase of 24 Chancellor Charles Sorensen said he hopes that UW-Stout will offer 40 undergraduate majors in another year. “Wer are steadily increasing the variety of our undergraduated majors to ensure we are meeting the needs of the studentss and business and industry in the Chippewa Valleyu and the rest of the he said. Game desigb and development at UW-Stout has been a concentratio n within the applied mathematics and computerescience major.
The new majodr will prepare graduates for careers in the video game industry and incomputer simulation, opening up opportunities in education, business and the military. Propertt management has been a minorat UW-Stouty since 1985. The new degree will be offered by the department of hospitalitgy and tourism and will consist primarily of existing coursese from hospitalityand tourism, business, management and psychology.
The new majors will startt in fall 2009. A year ago UW-Stout, also knowj as "Wisconsin’s Polytechnic University", had 29 undergraduate The most recent action brings that numberto 36, an increase of 24 Chancellor Charles Sorensen said he hopes that UW-Stout will offer 40 undergraduate majors in another year. “Wer are steadily increasing the variety of our undergraduated majors to ensure we are meeting the needs of the studentss and business and industry in the Chippewa Valleyu and the rest of the he said. Game desigb and development at UW-Stout has been a concentratio n within the applied mathematics and computerescience major.
The new majodr will prepare graduates for careers in the video game industry and incomputer simulation, opening up opportunities in education, business and the military. Propertt management has been a minorat UW-Stouty since 1985. The new degree will be offered by the department of hospitalitgy and tourism and will consist primarily of existing coursese from hospitalityand tourism, business, management and psychology.
Sunday, 6 January 2013
British radio host Charles Chilton, 95, was the original writer of a satirical ... - Washington Post
sucujovide.wordpress.com
British radio host Charles Chilton, 95, was the original writer of a satirical ... Washington Post Charles Chilton, a longtime radio writer and producer for the BBC who developed the concept for a satirical antiwar musical of the 1960s, “Oh, What a Lovely War!,†died Jan. 2 in England. He was 95. British newspapers reported his death, but the cause ... |
Friday, 4 January 2013
hyperwave-exhausted.blogspot.com
And, as more people lose theirr jobs, that hidden cost is on the The organization defines the hidden health tax as the undisclosed insurance premium surcharge paidby America’s businessez and insured families when they purchase healtn insurance. That surcharge subsidizes the uncompensated healtnh care costs ofthe uninsured, according to the which is pushing for healthcare During 2007 and 2008, one-thirfd of non-elderly Americans 86.7 million people – went withouyt health insurance for some period of according to Families USA.
"Today, 46 million uninsured Americana turn to emergency rooms when they needmedicakl care, and the cost of that care is paid for by ever y American with insurance,” said Sen. Max Baucus, D-Mont., chairmab of the Senate Finance Committee, in a news release. Familiews USA contracted with actuarial firm to calculate the costxs of unpaidhealth care. The report founfd uninsured people are less likely to get the care they need when theyneed it, and they are more likelyg to delay seeking care as long as possible.
When they do receivse care, it is paid for in several ways: More than one-third (37 percent) of that care is paid by the uninsuref themselves out of theirown Third-party sources, such as government programs and paid for an additional 26 percent of that care. The remaininv amount, about $42.7 billion in 2008, is considered uncompensater care. Those costs are shifted onto the healtg care bills of insured ultimately resulting in the hidden health tax throughhigher
And, as more people lose theirr jobs, that hidden cost is on the The organization defines the hidden health tax as the undisclosed insurance premium surcharge paidby America’s businessez and insured families when they purchase healtn insurance. That surcharge subsidizes the uncompensated healtnh care costs ofthe uninsured, according to the which is pushing for healthcare During 2007 and 2008, one-thirfd of non-elderly Americans 86.7 million people – went withouyt health insurance for some period of according to Families USA.
"Today, 46 million uninsured Americana turn to emergency rooms when they needmedicakl care, and the cost of that care is paid for by ever y American with insurance,” said Sen. Max Baucus, D-Mont., chairmab of the Senate Finance Committee, in a news release. Familiews USA contracted with actuarial firm to calculate the costxs of unpaidhealth care. The report founfd uninsured people are less likely to get the care they need when theyneed it, and they are more likelyg to delay seeking care as long as possible.
When they do receivse care, it is paid for in several ways: More than one-third (37 percent) of that care is paid by the uninsuref themselves out of theirown Third-party sources, such as government programs and paid for an additional 26 percent of that care. The remaininv amount, about $42.7 billion in 2008, is considered uncompensater care. Those costs are shifted onto the healtg care bills of insured ultimately resulting in the hidden health tax throughhigher
Thursday, 3 January 2013
Andy Reid plans to interview with Cardinals, Chargers - NFL News
ogarawo.wordpress.com
NFL News | Andy Reid plans to interview with Cardinals, Chargers NFL News The marathon interview between the Kansas City Chiefs and coach Andy Reid has sparked a report that a deal is close. But Reid's actions tell a a different story. Reid will interview with the Arizona Cardinals on Thursday as planned, according to NFL ... Conflicting reports : Andy Reid still plans to visit Cardinals, Chargers |
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