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Oil at $200 a Barrel?; A Weak Dollar is Good News to Some; Telecommuting is Growing
Aired May 10, 2008 - 13:00 ET
FREDRICKA WHITFIELD, CNN CENTER: YOUR MONEY is next, and here is a preview.ALI VELSHI, CNN HOST, YOUR MONEY: Thanks. Coming up, a scary scenario, some insiders predicting that oil will hit $200 a barrel. What is that going to look like at the corner gas station. And a down dollar and why some companies hope that the weakened greenback doesn't get back on the feet any time soon. Phoning it in, telecommuting is becoming a reality for more and more American workers. We will give you the ups and downs of working from home. All that and more after a quick checkup of the headlines. WHITFIELD: And now in the news, weeks of intense fighting in Baghdad's Sadr City neighborhood may be coming to an end. Iraqi officials and militants loyal to the Shiite cleric Muqtada al Sadr today agreed to a cease-fire that is according to spokesmen from both sides. No comment yet from the U.S. military which has also been engaged in Baghdad battles. More humanitarian aid is arriving in Myanmar. The U.N.'s World Food Program said that three planes landed today and a fourth is scheduled to get there tomorrow. A devastating cyclone hit the Southeast Asian country one week ago today and some observers think that the death toll may eventually top 100,000. In this country, Democratic presidential candidate Barack Obama is scheduled to appear at a rally in Oregon in about 90minutes from now. Obama and rival Hillary Clinton both campaigned there yesterday. Oregon is holding a mail-in primary. And the votes will be counted a week from Tuesday. A very special day for President Bush and his daughter Jenna. She is getting married to long time boyfriend Henry Hager tonight in a private ceremony at the Bush ranch in Crawford, Texas, and the proud papa will walk his daughter down the aisle in front of about 200 friends and family members. We will talk to someone from the town of Crawford to explain exactly how that town is anticipating and getting ready for the wedding. That is at the 2:00 hour. But at the bottom of the hour, more top stories, but now it is time for YOUR MONEY. VELSHI: Welcome to YOUR MONEY where we look at how the news of the week affects your wallet. I'm Ali Velshi. Coming up on today's program, rising grocery bills, eggs and beef have been on a sharp climb for a while and find out why other foods are following their lead. Plus, presidential poll, what the winter come November can really do for your paycheck and your taxes and your homes. We will look at that. And nursing the weak dollar back to health. The Fed and the treasury say they are on the case, find out why our Greg Hunter disagrees. But first gas prices just peaked yet another record high. The national average price for a gallon of regular unleaded gasoline hit $3.67 this week according to AAA on average drivers now pay upwards of 20 percent more for a gallon of gas than they did a year ago. Oil prices are behind the dramatic increase, crude oil passing $125 a barrel this week. If you think that is bad, CNN special's correspondent Frank Sesno joins us with a scarier scenario, what if oil costs $200 a barrel? Frank welcome to the show. You have looked into this very deeply; tell us what you are seeing. FRANK SESNO, CNN SPECIAL CORRESPONDENT: Well, if you think it is bad now, it could get worse and it could get worse pretty fast. Fasten your seat belt; fill her up because as you say, it could get a lot worse. (BEGIN VIDEO CLIP) SESNO (voice over): What if oil prices go to $200 a barrel nearly double their recent benchmark. Hard to imagine? Think again. Venezuela's Hugo Chavez has threaten the European Union's Energy Commission recently said it is a possibility. So did some prominent Wall Street analysts and some think there is a high likelihood that oil could go to $200 a barrel and beyond. MATTHEW SIMMONS, OIL INDUSTRY ANALYST: We are so tight right now that we don't have any tolerance for anything bad happening. That is the problem. No have no spare capacity. SESNO: What if oil hit $200 a barrel? We would be pushing towards $6 a gallon at the pump says an economists at the American Petroleum Institute. Food prices would go up fast especially things from a half a world away because of all the energy that goes into growing and transporting and refrigerating the things we eat. Home heating oil which is already costing a lot of New Englanders $1,000 a month or more this winter will set new records. Autos, planes and trains and trucks will get much more expensive to run. Some will make money. SIMMONS: Oil company profits likely or not are going to go through the roof. SESNO: A lot will want to tax it. SIMMONS: The governments will say, we would like about three times more tax. SESNO: China and India will find their booms getting more expensive and maybe slowing. A lot of people dispute this $200 a barrel scenario. They say there is plenty of oil, but $200 or even $300 a barrel oil is a what if scenario. People ignore at their peril argues Matthew Simmons who believes that global oil production has already peaked. SIMMONS: This is the biggest threat of sustainability of the 21st century and it is right on our doorstep and it is not two years away, it is here, and it is here in our front room. SESNO: It is not two years away, it is here now, not quite yet, but we are seeing with these prices now to remind you that things can happen that nobody imagined. Just a couple of months ago it was $108 a barrel and all you need is a bad interruption or a bad storm or a terrorist attack and you are there Ali, it is really hurting a lot already, so this would be a really bad thing. VELSHI: Frank we talk about conservation and pulling back on our demand, but your know a lot of experts say that even if America did all of the right stuff and started to drive those cars that Europeans drive, the bottom line is the increased demand in China, the increased demand in India and this new car that Tata Motors out of India, $250,000 car. There is just going to be so much more growth in the demand for gasoline and oil that we can't offset it even by pulling back significantly here in the United States. SESNO: It looks like a one-way street right here, a couple of months the International Energy Agency said even with these high prices and even with potential global slowdown, the demand growth in China and other developing countries will continue to grow and is going to continue to grow very quickly, so there is no easing off of the petal here and that is the problem, because it is not an easy tweak. Cheap oil is done. $100 a barrel may end up looking like a bargain in a very short time. VELSHI: And there are some people who are thinking, it might go back to $100. One of the things that a number of economists have also pointed out to us, Frank, is that while we are so focused on the price of gasoline, because everybody knows what it is, you fill up regularly, you see those signs, there is really no other commodity that is so clearly sign posted, the fact of the matter is that the increase in the price of oil through transportation and through diesel fuel and jet fuel really works its way through other parts of the economy, and inflation everywhere else may be a bigger concern. SESNO: You know, these things are going hand in hand and that is why food prices are going up as I said in the piece. Refrigeration, people don't realize it, but refrigeration is a very energy intensive business. It is interesting Matt Simmons said one of the winners in all of this might be local farmers who are growing local produce, because think about it, when you buy your grapes from Chile or your lamb from New Zealand how far it is coming and how much it costs to transport it and how much it costs to refrigerate it and store it and that is why these prices are going up and that is the problem here and it is already started and could accelerate. VELSHI: We have been polling extensively to see where our viewers think gasoline prices are going and at about $200 upwards to about $6 a gallon. Our viewers think that we ill hit $5 a gallon this year and the bottom line is that at some point we will change our behavior and when does it happen? It has happened for you? SESNO: Oh, yeah. I stole my wife's hybrid, the car I usually drive is a nice car and I actually have to put premium in it and it is very expensive and I stopped driving that at least as much as I can get away with, because with this one I get 30 miles to the gallon around the city. But it is not just me, because I was in a taxi the other day and I was talking to the taxi driver driving an old Crown Vic and he is spending $1,000 a month on gasoline now. He told me that if he went to a hybrid and he is going to do it, that he could cut the gasoline cost in half which would cover his car payment. So I think that is just a small example and I saw a piece today that says public transportation rider ship is up 10 percent in certain cities around the country. So this is happening. This is with us. That Wall Street group did a study some years ago that said that at $4 a gallon that was a price point and that is where people started to change their behavior and it is upon us I think. VELSHI: Well I think what is key here, Frank is that even if we pull back and we can't lower the price of oil or gasoline, if you can lower your own consumption of it that is money in your pocket. Frank, thank you very much for that, Frank Sesno, CNN special correspondent and you can catch more of Frank's very interesting show next weekend, his one- hour special "We Were Warned, Out of Gas." It runs next Saturday and Sunday at 8:00 p.m. With an encore presentation at 11:00 p.m. Eastern and it is definitely worth watching. Coming up next on YOUR MONEY food inflation could double this year and find out which one of your favorite foods could be hit the hardest. You are watching YOUR MONEY on CNN. (COMMERCIAL BREAK) VELSHI: Well, high food prices are pinching American consumers, milk, eggs, beef, they have all seen sharp price jumps in the last couple of years, but other products whose prices increases have not been as steep could actually be soon to follow. Tom Jackson is an agricultural economist with Global Insights and he joins us now with a closer look. Tom thanks for being with us. We are watching these prices go up and they have really since last summer increased more sharply than they have in the previous five or ten years. What in your opinion is the main thing driving food prices higher? TOM JACKSON, AGRICULTURAL ECONOMIST GLOBAL INSIGHTS: Well, I really think that one of the main things is the high energy prices. That is really increasing the transportation component, and you know, a good bit of the cost of food prices at the retail level particularly is transportation. And it is also the energy prices are feeding the increases in the use of corn for ethanol which is creating a lot of the issues with the livestock sector as well. VELSHI: Let's talk about ethanol, we talk a lot about this, there are a couple of issues here, one is that the corn that is needed to create ethanol has increased the demand for corn, itself, but people say, what has that got to do with the price of chicken or eggs or anything else? JACKSON: Oh, well, that is directly influences the price of chicken and eggs and all livestock, because it is the main cost component is the feed. It gets to be a matter of price, and you know, for some farmers it gets to be a matter of availability, and in some areas where you can literally hardly find the feed stock, but the cost discourages the production of life stock-based products. VELSHI: We were talking to a dairy farmer a few days ago who said that the feed is getting so expensive that it could discourage people from keeping livestock because it costs that much to feed those animals. So not only do you see a demand in those types of food, we also see in Asia, in China and India, increased demand for meat which also requires corn for feedstock. JACKSON: That is right. That is another part of the demand for U.S. corn equation that people have missed out on a little bit is that exports are very strong, particularly to southeast Asia and Korea and China and Japan is not exporting as much as they did so they are buying more from the U.S. Certainly the weak dollar has something to do with that as well, but yeah, they have their own livestock to feed. That is one thing we weren't quite figuring on when we were looking at more ethanol production. VELSHI: Right. In fairest to ethanol, it is a neat concept, but there is a perfect storm of things going on. We have had droughts which are causing some shortages of wheat and we have extra demand from other parts of the world and we have got the demand caused by the need to put ethanol into gasoline. What about this competition for acreage that we hear people talking about that as corn becomes more expensive the farmers who farm other grains might be more interested in switching over? JACKSON: Well, that is what we are seeing right now. You know, one of the scary things with corn is that we produced by far a record crop last year. You know 13 billion bushels well over the previous high and we are seeing $5 and $6 corn. And that helped to create shortages of soybeans and wheat and this year, we are trying to plant more soybeans and yeah, it is everything coming together. VELSHI: You know, one of the things, Tom, that we are looking at when we spoke to U.S. Department of Agriculture last week about the increase in food prices in the last year which is almost double it's historical increase and they were saying to us they foresee that kind of increase 4 to 5 percent a year, increase in food prices for the next few years, so this is not something they see as a short term problem. JACKSON: Well, yeah, that is maybe a little higher than we had in mind, but certainly, you know, there is just a lot of pressure on, like you said, you know, it is really almost the perfect storm one thing that hasn't been thrown into the equation is really a poor crop in the U.S. You know, that is one thing that I suppose could go wrong and certainly not calling for that, but it puts a lot of pressure on the U.S. agriculture industry to produce good crops all of the time. VELSHI: All right. Tom, as we get more of a handle on this, we will try to figure out ways to let our viewers know what they can do about it. Tom Jackson is an agriculture economist with Global Insights. Well coming up after the break, the house has finally passed its plan to lend a hand to homeowners. But that does not mean that help is necessarily on the way. We will explain next on YOUR MONEY. Stay with us. (COMMERCIAL BREAK) VELSHI: Well, Jennifer Westhoven joins us now and we are talking about mortgages that are what we all under water, backwards, upside down and your mortgage is bigger than the value of your home. JENNIFER WESTHOVEN, CNN CORRESPONDENT: Yes. And when that happens people are more likely to walk away from those mortgages. So they are a really big problem. If you bought a home in the top in 2006 or maybe you know somebody who did, there is more than a 50 percent chance that you are in one of these upside down mortgages and a new study says that is the result of a drop in home prices, they talk about 8 percent in first quarter on top of what happened last year. So the trouble is when you have all these people walking away and you have a lot more foreclosures happening and Fed chief Ben Bernanke has said that Congress has to do something to stop the tide of foreclosures that are coming or he says it is going to threaten all of us the entire economy. There are four million home loans that are upside down right now and another eight million people could end up in these upside down loans in the coming year. VELSHI: My head is spinning and I know you have been following this for a long time, all of the things going through Congress and the suggestions and the Federal government. So now there is a housing bill that has been passed by Congress, by Congress, and by the House of Representatives, but not by the Senate, will it get passed and is it going to happen? WESTHOVEN: This is an election year, this is a big deal for people who really want the government to do something, but on the other hand we have people saying, we hate that you do it. So very controversial bill that passed the house this week. What it does is it offers lenders some government-backed finance from the Federal Housing Administration, basically that lets the lenders trim some of these upside down mortgages so that people who are in them, have a reasonable shot of paying them off. But again very split opinions here about whether or not that is responsible. This plan faces a very uncertain future with the Senate and we don't know what will happen and then the president who said he might veto it. VELSHI: Because he said it is a bailout for the speculators. WESTHOVEN: I think you know the analysis is that it might help speculators, but then it seemed to help so many people who truly need it and if you help a few other people, how else do you do it? VELSHI: And speaking of speculators. Let's talk about maybe gamblers and even casinos. WESTHOVEN: Yes, turns out they are not recession-proof. VELSHI: Really? WESTHOVEN: Well, you hear it and maybe in some ways they are compared to others, but many casinos are reporting lower revenue as Americans struggle to pay for gas, food and their mortgages. In Atlanta City, Tropicana Casinos is headed into bankruptcy protection. It has casinos in Las Vegas and it lost its New Jersey casino license, but the silver lining here though is that if you are already going to Las Vegas or that, Las Vegas says that the room rates are down 5 percent. VELSHI: Right. You pay for it in dollars so if you are an American traveling there, the only thing is that your air fairs will be up because they keep going up because of the fuel charges. WESTHOVEN: And please don't put this on your credit card. VELSHI: You know, are you gambler? Christine Romans gambled once in her life and she lost it and that was the end of it. She won't touch gambling again. WESTHOVEN: I am like her. When I go I put $20 into a slot machine and I figure I owe them for the free drinks that I will get. VELSHI: OK. I agree. Jennifer Westhoven good to see you. Thank you Jennifer Westhoven. Well there was a big vote in Columbus, Georgia, this week and it had nothing to do with Senators Barack Obama, Hillary Clinton or John McCain. Health and disability insurer AFLAC and you know it from the duck has given its shareholders input into how its top executives are paid. They voted on Monday to approve more than $12 million in compensation for chairman and CEO Don Amos. I caught up with Mr. Amos earlier this week to ask him how this process came about. (BEGIN VIDEO CLIP) DON AMOS, CHAIRMAN AND CEO, AFLAC: About two years ago, we got a proposal that the shareholders wanted to have an opportunity to vote on it. So I took it to our board and we discussed the matter and then I went out to talk to the shareholders and large institutions, and they thought it was a good idea. So we did that, and on Monday, we had the vote. What they did is that they voted yes or no on our total compensation of the top five people. VELSHI: All right. Just up or down, it is not a matter of I think he should get a little bit less or a little bit more. AMOS: Exactly. VELSHI: What did they think about your pay package? You have made a lot of money and you are making around $15 million a year? AMOS: That is right. VELSHI: On a company that is bringing in more than $4 billion in profit. What is the general thought about what you are being paid? AMOS: Well, only 2.5 percent voted against it, 93 percent voted in favor of it. I think that one of the reasons is that since I have been CEO which I am going on the 19th year, the stock has gone from $1.80 this year to $67. VELSHI: So the general trend in companies where the CEO's pay is either approved by shareholders or tied to performance is that if the stock and the company perform well, shareholders don't tend to have a problem with the CEO getting paid more? AMOS: That is the way I see it. It is pay for performance and now what you have to make sure of is that if you don't do well, then you have to make sure that the CEO doesn't do well, and under our system, that is the way it would work. VELSHI: I imagine that you hang out with other CEOs and see them on other places and on boards and do they tell you on the side, why are you messing with this Don? What are they saying? AMOS: Well, what I tell everybody that I talk to concerning this is just listen to the shareholders. If they think it is a good idea, then do it. If they don't, don't do it. And leave it just to that. Because it really doesn't matter what everybody thinks, it only matters what the people who own the company and that is the shareholders. VELSHI: All right. Do you think that it is a trend that is going to catch on? AMOS: Well, it certainly happens some. There is no doubt about it. You have seen several companies putting it in. So I can't tell for sure. Won't make any predictions but just to say that from our standpoint, it is a moot point now. We have done it and we know what our results are. Our shareholders are happy and I'm happy. (END VIDEO CLIP) VELSHI: And if AFLAC needs a replacement voice for their duck, Jennifer Westhoven is available. That was very good. WESTHOVEN: That was not me. VELSHI: Well, you usually have to press the duck. DUCK: Aflac! VELSHI: Stay with us on YOUR MONEY. Coming up whether you are glued to your television or considering gluing your eyes shut, the race for the White House continues; find out how the end result will affect your bottom line. But first this weeks "Right on Your Money." (BEGIN VIDEO CLIP) VELSHI (voice over): Graduation is close for many college seniors and the thought of paying off college loans can be daunting. HILARY KRAMER, AOL MONEY COACH: The most important objective is to pay down your loans and make sure you don't have the interest that is compounding. One of the ways to do it is to apply as much money as possible to pay off the loan and pay off the principle and you can also consolidate and look for a credible credit card company or bank that will allow you to do that. VELSHI: If your student loans are with one lender, you are required to consolidate with that lender, but if you have loans with more than one lender, you have more options. Check out the Federal Consolidation Information Center at www.Loanconsolidation.ed.gov. Whether you consolidate or not, be sure to keep up with your payments. KRAMER: The key is to not have it hanging over your head, because if you are behind in any of your debt payments, it will affect your long term credit rating which means that you will ultimately pay more when you go for a mortgage or loan for a car. VELSHI: That is this week's "Right on Your Money." (COMMERCIAL BREAK) WHITFIELD: Hello, I'm Fredricka Whitfield. In the news, some humanitarian aid is making its way to cyclone-ravaged Myanmar, but military leaders there are still blocking most of it. Despite catastrophic suffering and death the government held a referendum on Myanmar's constitution today. Cease-fire in Baghdad, Iraqi's government and Shiite and Shiite cleric Muqtada al Sadr undetermined after weeks of fierce fighting. It is still not clear if all malice in the Sadr City area of Baghdad will abide by the truce. And in politics the presidential candidates spread out across the country. Barack Obama is in Oregon gearing up for a rally due to get under way in the next hour. Hillary Clinton is hanging tough ahead of next Tuesday's West Virginia primary and Republican candidate John McCain is holding a fund-raiser in Houston. Father of the bride, President Bush and his daughter, Jenna, is getting married today in a private ceremony at the Bush ranch in Crawford, Texas. She will wed long time boyfriend Henry Hager. About 200 guests have been invited to the wedding. More news at the top of the hour and now back to more of YOUR MONEY. VELSHI: That race for the White House is becoming like 12 or 13 marathons, but the economy remains issue number one. Can the president or whoever wins the spot come November actually do anything to help your bottom line and we mean your economy and not the economy. Justin Fox is "Times" business and economist columnist and he is looking into this for a story that he is working on about presidential power and the economy. Justin this is really the question people want to answer. We know that the economy is issue number one and start with people's paychecks and what they earn in this country, what is the state of it and what can be done? JUSTIN FOX, EDITOR AT LARGE, "TIME:" Well, the big issue with paychecks in this country especially over the past decade or so is that even as the economy grows, most people's paycheck isn't. VELSHI: And yet we hear that incomes have gone up over the years. FOX: Yeah, right, although the median family income, the American family has not gone up since 2000 when you adjust for inflation and the reason is that the gains are going to the people at the very top. And that is not necessarily bad or whatever, but it is simply means that most Americans have been treading water for the last few years. This income inequality has been growing for a long time, but what has been dramatic over the past eight or ten and it is really the past eight years, because of the recession right at the beginning of that is that Americans have not gone forward. So what do you do about that? Well, basically the position of most presidents for the past 30 years has been that you try to make the economy grow faster and lots of policies to try to do that and no one to be absolutely right. I don't have an answer there. But what is an issue especially if Obama or Clinton which seems unlikely, but definitely if Obama becomes president is redistributing some of that income. That is a controversial thing and something we don't really talk comfortably about in this country, but our income tax already does it. VELSHI: You can do it through taxes? FOX: Yes, and a little taxing here and spending there. VELSHI: Let's talk about taxes, because taxes are a lot of people who a lot of economists say that jobs and taxes are bigger long-term issues, but they don't resonate as much. Taxes don't resonate as much during the election campaign with everybody, right now we are talking about gas prices, and we are definitely talking about the food inflation, but when it comes to income taxes, that are going to be a long-term bigger issue. FOX: Right. And the reason they don't resonate as much in this campaign is that I don't think that people feel wildly overtaxed by the federal government. Big issue in the 1980 campaign for example. But the problem is that when you look at the federal finances over the coming decades, it is really hard to find any serious economists or anybody who watches it who doesn't think that the taxes are going to have to go up. VELSHI: Right. FOX: And so when you hear candidates talking about how your taxes are not going to go up and maybe yours won't, because different things will be taxed, but the overall issue is that, I don't see any way around it. We are going to be running a $500 billion deficit this year and we probably should because the economy is in a slowdown, but you can't do that forever and you can't get away with it forever, taxes are going to have to go up. VELSHI: And Social Security issues are going to continue to be a part of it. FOX: And that is right. VELSHI: And one issue that we always talk about is housing. What can the president do about the mortgage situation and about housing? FOX: Well, that is an interesting thing, because right now legislation in Congress and through the house, that is would help some, you know, a couple hundred thousand people who are sort of on the borderline of getting foreclosed on or not, and that is real. A president can sign that or not, I think that by the time the next president is elected in January, it will be getting late to do a lot about those immediate problems. I am sure not totally too late, which sort of brings to the longer term questions about what can presidents and what Congress do about housing? The issue is that we subsidize home buying like crazy here. The home mortgage interest tax deduction costs the government $80 billion a year and a bunch of economists out there who think we should reconsider that, but politically I don't see that. VELSHI: No, that would be a big deal. Let's talk about longer term, financial security what the president can do about it and longer term we generally thinking about retirement and we are generally thinking about health care. FOX: Right. Because those are two areas where there have been dramatic changes in the U.S. over the past two decades. Retirement from lots of people having these corporate pensions that they didn't have to think much about to 401(k) s for some and nothing but Social Security for a lot of others and health care is simply the question is that it is so much more expensive. There have always been a lot of uninsured people in America, but the financial ramifications of that are greater. That is something that Washington can do a lot about. There are tons of proposals there. Especially health care. VELSHI: Yes, so that may be one of the few places to make a clear decision if that will help you decide who you are voting for, because there are proposals out there that are real. Justin, you are working on a story on this for "Time" and we encourage our viewers to pick that up when it comes out. You will let us know. Justin Fox good to talk to you, thank you. Justin is an editor at large for "Time." Still to come, made in America is selling overseas like never before partially because of the low American dollar and what that could mean for you job coming up next on YOUR MONEY. (COMMERCIAL BREAK) VELSHI: All right. Normally export figures are not something we like want to talk about on a program like this, but a recent article made us rethink the issue. According to, "Inc.," last year U.S. companies sold more than a trillion worth of product overseas that is almost double the amount of 2002's exports. That got us wondering what this dramatic growth means for you and your job perhaps. Mike Hoffman is executive editor of, "Inc." and he joins us now. Mike thank you for joining us. For those of you out here before anyone leaves and decides it is an obscure topic, it is not. Because one of the things pointed out in this article is that if not for exports our job losses this year might have been worse, because we have lost 250,000 jobs in 2008 and you are saying maybe worse if the dollar were stronger. MIKE HOFFMAN, EXECUTIVE EDITOR, "INC:" Absolutely. When they looked at the results for the first quarter, a lot of economists expected the economy to slide into a recession and they expected really significant job losses. There were job losses, but they were not as bad as everyone thought and the economy actually grew and when they looked to see why, it was the exporting. VELSHI: Let's talk about this for a little bit. Let's look at some of the countries; Canada is the country to which the U.S. exports the most. HOFFMAN: It is our number one trading partner and it was the country that posted the most export growth, $18 billion more. VELSHI: Because Canada's currency like many of the other countries we are looking at strengthen against the U.S. dollar and making it cheaper to buy goods that are manufactured in the U.S. HOFFMAN: Yes, that is exactly right. You see that in Canada where the currency is sort of favorable for them to buy U.S. goods and you see it in the euro zone and you even see that in places like Brazil where the currency is strengthening and they have a growing middle-class where they have a interest in everything from America luxury goods to hard industrial equipment. VELSHI: Let's just make this now clear for our viewers, this does not necessarily mean that some of those plants that have been shut in America over the years particularly in the rust belt are all of the sudden going to light up and we are going to be building things and sending them out. HOFFMAN: Unfortunately, no, they are not going to spring to life. But what really is interesting about this export boom is that in the past exports were driven by big companies, like Boeing and Coca-Cola and GE, but what you are seeing is that it is filtering down to companies of all sizes, including the very small companies that we at "Inc" Magazine have studied for so many years. And you are seeing many different types of industries, many different regions of the country are enjoying some piece of this export buy. VELSHI: So perhaps there is an advantage here for small and medium- sized business owners who may be watching this to say that if you do do something and you export it, this might be an opportunity for you, because there is nobody who thinks that -- and people think that the dollar might strengthen a little bit in the next little while, but fundamentally we are low for a while. HOFFMAN: Yes, and you know what is really kind of breath taking is that you see this in so many different industries, including industries that you don't think of being big business industries. You see it in cosmetics and like I said, fashion, luxury goods, antiques, it is a wide array and at the other end, it is sort of in the knowledge worker industries and you see it in management consulting and software. So it is really widespread and, you know, American companies, because they are sort of very early on into the Internet, they are very good at logistics and they have real advantages when it comes to globalization. VELSHI: So the message to take away from the article and this discussion is that if you do have some product to offer or you work for business that has some product to offer, maybe it is a good time to think about broadening that out and creating a client base around the world selling your products elsewhere? HOFFMAN: This is a really good time. I mean one sort of storm cloud on the horizon is the rapid increase in food prices, because some of these countries that have been snapping up the U.S. exports are really sort of dependent on the food prices and as they rise, you might see the countries in Asia and elsewhere struggling that the average consumer there will have less money for the U.S. exports. VELSHI: So if nothing else, it is a good starting point to see whether it is worth expanding your business or your reach. HOFFMAN: Yes. VELSHI: All right. Mike good to talk to you, thank you very much. Mike Hoffman is the executive editor of "Inc." Well businesses that operate overseas may be benefiting from this weak dollar, but you are probably not, so what is your government doing to strengthen our beaten down greenback? Greg Hunter joins us now with a look. GREG HUNTER, CNN CORRESPONDENT: Lets start off by making a point very clear, Ali, a strong dollar means that things like gasoline is cheaper and weak dollar means it is more expensive and that is what you are seeing right now. Because the dollar is weak and near historic lows, you are seeing gasoline near historic highs, so how many times have you heard this out of Washington about the dollar? (BEGIN VIDEO CLIP) HENRY PAULSON, TREASURY SECRETARY: You know that a strong dollar is in our nation's interest and it is something that I have been very, very supportive of. GEORGE W. BUSH, PRESIDENT OF THE U.S: We believe in a strong dollar policy. And we believe that, and I believe that our economy has got to have the fundamentals in place to be a -- you know, to grow and continue growing. More robustly, you know, and hopefully than we are growing now. And the dollar, the value of the dollar will be reflected in the ability for our economy to be, to grow economically and so still looking for a strong dollar. (END VIDEO CLIP) HUNTER: But if you look at the U.S. dollar index which measures the buying power of the dollar versus a bunch of other currencies it shows the dollar is way down. In January of 2002 more than 120 but this past week it is all of the way down to about 73.50, a startling nearly 39 percent decline. Why the big dive? Well, the Fed Reserve has slashed interest rates all of the way down the 2 percent, and that is 2 percent below the official CPI rate which is 4 percent and some people say it understates real inflation, because it does not count food and energy. The reason why the Fed has cut rates is because it is worried about the sluggish economy and the thinking is that if they cut the rates and get the economy to pick up, the dollar will grow stronger, too, but there is another big weight on the dollar which is the hundreds of billions of dollars that the Fed is loaning out or giving out for the things like the bailout of Bear Stearns and bad investments made by banks and brokerage and get this, in most cases according to the Federal Reserve, you, the public do not get to know which banks and brokerage the fed is loaning these billions of dollars to, because it is a secret. VELSHI: Greg, assuming that you think that maybe the dollar should strengthen and you know there is confusion about that, because as I many last guest discussed there are some benefits to some by having a low dollar and thinking that the dollar should strengthen, what the is the government doing to back up those statements that we just heard from the president from Henry Paulson the treasury secretary. HUNTER: Boy Ali that was a moving target when we asked the Treasury Department specifically, what are the policies being used to keep the dollar strong and specifically, only refer to past comments by secretary Paulson that he has made about keeping the economy strong, but not the dollar. And the downside to that weak a dollar and it is high prices here at home. VELSHI: I wanted to ask you, because you study this so closely on balance the quick answer, do you think we benefit in the long term from this weak dollar or that it should be stronger? HUNTER: Well, if you have a company that export overseas you are in the money, it is great. If you are multinational, you are in the money that is fantastic, getting most of the money from overseas, but if you are filling up the tank here in New York City or Iowa, you are a looser. This is hurting you. VELSHI: Greg hunter, always good to see you. Thank you, Greg Hunter, for us on this story. Coming up next on YOUR MONEY make a fortune with out ever leaving your home. OK. Not so fast but we are going to tell you about some scams that may offer you that deal, and later 45 million Americans telecommute at lease once a week and how to convince your boss to let you join them. Stay with us you are watching YOUR MONEY on CNN. (COMMERCIAL BREAK) VELSHI: We have seen the ads make thousands of dollars every month without leaving your home. It sounds great particularly in a tough economy, but according to groups like the Better Business Bureau, the number of complaints about work at home scams is on the rise. Beau Brendler is the director of "Consumer Reports" Web watch and he is going to make sure that we know how to identify those that are scams. Beau, welcome. Many of them are scams and would you hasten to say, most of them are scams? BEAU BRENDLER, DIRECTOR, "CONSUMER REPORTS:" If they come to you by e- mail, 99.9 percent chance it is a scam. Regular employers and people trying to recruit people or make money are not going to do it by anonymous e-mail into the box. VELSHI: One of the telltale signs that I have understood is that if they are asking you to somehow put money up front whether it is a training course or to get supplies or somehow register to sell some product. BRENDLER: Yeah, that is exactly right. Money up front is a big red flag. Oftentimes when you do put money up front, you will get sometimes useless lists of other businesses to contact or software that may not work very well. And at worst, your identity could get stolen. VELSHI: What is the common structure of these scams? What is meant to happen and what is actually sold? BRENDLER: Well, some try to sell you products to put together at home and then send you the supplies for a fee, and the scam is when you try to put them together, they are rejected by the company, because the quality is not good. Other kinds like medical billing businesses when scam artists try to sell you software and equipment to get into the home medical billing business. The reality of that is that business is crowded and a lot of big companies competing for that, and you won't get in some start-up capacity that way. VELSHI: Hard to believe, but there are still some old fashioned pyramid scams out there where you give or get money from people and make your money based on how many people you reach out to. BRENDLER: Yes, it is lucrative for the people who start out at the top, but chances in the middle or towards the bottom, so not to mention the fact that these are illegal, and you wind up parting with money and there is no product to sell, so you wind up doing is getting other people to give you money and complicated and illegal. VELSHI: What do you do, Beau, if it is a tight economy and you are looking to work from home either for flexibility reasons or because you have lost your job and we are losing jobs in the economy, how do you make a determination as to what is legitimate? Are there legitimate work at home opportunities out there? BRENDLER: Yes, there are, and you won't find them in e-mail and you won't find them posted to a telephone pole or under the windshield wiper of your car. You will find them in the want ads of the newspapers and online sites like Monster.com or Career Builder and even though not every ad that you see there is for real too so you need to do your homework and find out who you are trying to work for. VELSHI: One of the points you make is that whatever you decide to do, there should be some legitimate contact by phone or in person, and interviewers that you should get to see the operation that you are trying to attach yourself to. BRENDLER: Yes, consumers should think of these things like a real job interview and no regular employer is going to ask you for money up front and give you details about the work that needs to be done and give you some idea what you will get paid and there is going to be information to check out. They will give you something to do research on so that you have something more real. VELSHI: All right. Beau, this is good information and Beau is director of the "Consumer Reports" Web watch. Thank you so much for joining us. BRENDLER: Thank you. VELSHI: Not all work at home work opportunities are scams as Beau says, in fact many companies are allowing employees to telecommute and it is an effective idea if it can work for you. A study from the American Electronics Association says that about 45 million Americans telecommute at least one day a week and Ines Ferre is here to tell us where we can get one of these jobs and how? Can I do that? I mean I don't have to think that in our business that we are in, I could get a fancy backdrop and do it at home. Dress from the waist up. INES FERRE, CNN CORRESPONDENT: Well you know telecommuting can be found in many industries, including technology, graphic design, and sales. Some companies have specific operations structured for telecommuters. For example, a large portion of Jetblue's reservation agents work from home, other companies have a smaller portion of their employees telecommuting or go on a case to case basis. The key is to gain your employers trust so that you are seen as somebody who can do this. (BEGIN VIDEO CLIP) BARBARA SAFANI, PRESIDENT, CAREER SOKVERS: I think that one of the false notions is that people often think that they can come into a job opportunity and immediately gain a telecommuting type of arrangement, and the reality is that they have to first prove themselves as someone who is trustworthy and productive and then at that point, perhaps, look at that type of an arrangement. So it is really important that the person who's thinking of that type of arrangement can first prove to an employer, that they are the right person to do that type of work. (END VIDEO CLIP) FERRE: Now, one of the things that people say is that, well, are you really that much more productive when you are at home and a lot of people say they are, and they have flexibility and a lot of times they have children or elders that they have to take care of them, so it is really a thing where you have to gain your employer's trust for doing this. And for the employer, it has its benefits. It is cost cutting and not as much overhead, and you can retain workers a lot more and you know, Ali, that study that you mentioned actually also talks about the fact that 1.35 billion gallons of fuel could be saved each year if every worker telecommuted at least -- VELSHI: Yeah, there is a huge economic benefit. I am a procrastinator and I would worry about the fact that working at home would cause me not to get down to stuff sometimes there. Are downsides, right? FERRE: It is not for everybody. You have to be disciplined and also, there is a downside of isolation and you are not in front of your boss all of the time, and sometimes out of sight and out of mind. But it depends on the situation and the type of job that you are doing. VELSHI: So if you can benefit from that sort of environment and that sort of unstructured work. Who is this appealing to? You mentioned mothers or people who are older and not convenient to commute. FERRE: Or people who want to telecommute one or two days a week. But for Jen y's and the facelift people we talked about earlier who are basically expect to do this and -- VELSHI: Say they work in that environment. They are used to communicating and existing in a virtual environment. FERRE: Exactly with blackberries and look at us. This is it. VELSHI: Yeah. Ines good to see you and good idea and I will work on seeing if my boss will let me telecommute. We will be back with more on YOUR MONEY. Stay with us. (COMMERCIAL BREAK) VELSHI: We're still trying to get a clear picture of the size and scope of the tragedy in Myanmar caused by a killer cyclone that tore through the nation's southern delta last weekend. The current humanitarian crisis is crushing. As many as a million people maybe homeless, food and drinkable water is severely limited and the destroyed countryside is rife with hunger and disease. The countries military rulers have been loathe allowing emergency assistance into the country. Although some humanitarian aid is now getting though. If you would like to help, heck out our special site called "Impact Your World." Go to CNN.com/impact. We have a list of charitable organizations that provide relief. Well thanks for joining us for this edition of YOUR MONY. We'll see you back here next week Saturday at 1:00 and Sunday at 3:00. See you then. (COMMERCIAL BREAK)


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Thursday, September 30, 2010
Someone In Port Charlotte,FL Is Using Last2cu On Their Blog
I have sent her three cease and desist emails. So if you see anything from her; it is not from me. Thanks until I get this settled.
3 comments:
I am so sorry to hear this Ruth. As I said earlier, even though you've sent 3 emails already, you can do this:ReplyDelete
1. Send one final email in basic cease and desist language and tell her that you will ask her hosting sites to remove her content.
2. Contact photobucket and other hosting sites asking that they a) give you contact info for the person so you can send a certified letter and b) remove or disable her content due to trademark violation.
Thanks, Thomas, I have done all of the above still, waiting to hear.ReplyDelete
Here I am, and have responded. I never received your emails, sorry....The my space account in question was created by my daughter as a way for us to stay connected on my space. I do not do business under that name nor am I trying to steal your name. I use the name last2-cu for personal use.ReplyDelete

subset: commoncrawl


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Greg Cameron will take over as the new executive director of the Joffrey Ballet July 1 after leaving his post as chief operating officer of Window to the World Communications, Inc., the parent company of WTTW-Ch. 11 and WFMT-FM, the dance troupe announced Tuesday.
The widely respected arts executive was promoted to his current post with the public broadcasting operation two years ago after serving as executive vice president and chief development officer there. Previously, he worked in top positions for the Museum of Contemporary Art and the Art Institute of Chicago.
Cameron, 55, arrives at the troupe after a spell of behind-the-scenes tension in management. He replaces Christopher Clinton Conway, who resigned in the spring.


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I'm never going to feel too old for this.
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Across The Province is where you'll find the freshest info on fashion, sports, art, design and technology, along with original content covering all cultural realms you'll need to know to keep the conversation moving. Check back often to stay informed. Send all inquiries to email@example.com


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This is the first module in the Solar Dynamic Observatory (SDO) Project Suite curriculum. Activities are self-directed by students or student teams using online videos and data from the SDO satellite to explore, research and build knowledge about... (View More) features of the Sun. Students build vocabulary, apply or demonstrate learning through real world connections, and creating resources to use in their investigations. Each activity comes with both a teacher and student guide with sequential instructions and embedded links to the needed videos and internet resources. Activity 1A: Structure of the Earth's Star takes students through the features and function of the Sun's structures using online videos, completing a "Sun Primer" data sheet using information from the videos, and creating a 3D origami model of the Sun. Students use a KWL chart to track what they have learned. Activity 1B: Observing the Sun has students capture real solar images from SDO data to find and record sunspots and track their movement across the surface of the Sun. Activity 1C has students create a pin-hole camera to use in calculating the actual diameter of the Sun, and then calculate scales to create a Earth-Sun scale model. Students reflect on their learning and results at the end of the module. An internet connection and access to computers are needed to complete this module. See related and supplementary resources for link to full curriculum. The appendix includes an alignment to the Next Generation Science Standards (NGSS). (View Less)
Materials Cost: $1 - $5
This is a lesson about the phenomenon of ice and about scientific inquiry. Learners will ask scientific questions about ice, will delve into the nature of science, embark upon scientific inquiry, and will practice scientific enterprise. Activities... (View More) include thinking and acting like scientists and keeping scientific journals. Also includes an activity called "Act Out the Science" - a whole group participatory activity in which students act out the parts of a story. An optional small group version is included in which students act out their own stories. This is the introductory lesson for Exploring Ice in the Solar System. (View Less)
Materials Cost: $1 - $5 per group of students
Learners will create a three-dimensional model of Saturn and its rings. The model will show the particle nature and structure of the rings. Students also write about the model in this lesson. With the aid of a graphic organizer, students organize... (View More) their thoughts, then draft and write a paragraph to explain what they know about the ring system. You will need a 2 and 1/2 inch styrofoam ball and some vermiculite for each student. This is lesson 7 of 10 in the Mission to Saturn Educators Guide, Reading Writing Rings, for grades 1-2. (View Less)
Materials Cost: $1 - $5 per group of students


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Wolfys Mod for Bandits: Phoenix Rising. Aiming towards more game options, weapons, cars, maps and eventually whole new modes, such as Mechs, Tanks, etc.
Only registered members can share their thoughts. So come on! Join the community today (totally free - or sign in with your social account on the right) and join in the conversation.
Beta 4 - 30 sec Gameplay Teaser showing the Carter car.


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The Girl on the Train Streaming In HDFull The Girl on the Train HD with duration 120 Min and broadcast on 2016-10-07 and MPAA rating is 0.
- Movie title in your country : The Girl on the Train
- Year of movie : 2016
- Genres of movie : Thriller,
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- Release date of movie : 2016-10-07
- Companies of movie : DreamWorks, Marc Platt Productions,
- Countries of movie : United States of America,
- Language of movie : English,
- Durationof movie : 120 Min
- Average vote of movie : 0
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- Translation of movie : EN,
- Cast of movie :
- Rebecca Ferguson ( Anna )
- Emily Blunt ( Rachel Watson )
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Watch Streaming The Girl on the Train A young woman witnesses a murder on her way into work and becomes entangled in the ensuing investigation. Movie The Girl on the Train For Free
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Here are a few more Chanukah activities that we have been doing over the past few days:
Made a dreidel out of ICE by pouring water into a plastic dreidle that usually comes with candy inside- the little guy really got a kick out of trying to spin it since it was so cold:)
We then made a Menorah out of Legos, he did this all by himself, very proud mama!
And here is our human dreidle!
Suri at http://jewishul.blogspot.com/ asked me how I find time to prepare all the things we do-
So I figured I would turn it into a post, maybe it could be useful to others!
The truth is, I would love to say that I have a planner and sit down every week and make a plan for the week- but I don't. We have alot going on in our busy lives with some very unpredictable little ones at home and so I found a system that really works for us right now- this is it:
Every Sunday I fill the drawers with new activities and worksheets that I either made or from the Jewish curriculum resources on the side bar that I listed.
Then as the week goes by, I will refill them with new things. Its a nice way to organize, kind of a tweak on the Workbox system.
We also do ALOT of things spur of the moment, like baking and projects, games, etc.
I think that as the kids get older I will have a more organized schedule and curriculum, but for now, this really works for us!
Wishing all a happy last days of Chanukah!


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move out by the end of march
I need a vida not a vita
I need a vida not a vita
Hacking/Hacked Your Universe~ This is The Home of the Grail. The goal is to be "One" with God
Dear Antz Particleion Is Hacking your Universe (live)
D) What is {Root}?
When you got the answer email it to
and I will give you back your universe assuming your right ;-)
Rules subject to change but will be posted.
! It will be Billions of years till I let you just have it... Till then I urge you try to get your key back.


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Words formed when one letter is changed in aryl
No words found when changing letter 1 (A).
Letter 2 (R) changed: 2 words found:
Letter 3 (Y) changed: 1 word found:
No words found when changing letter 4 (L).
A total of 3 words can be formed from aryl by changing one letter.
Some random words: igloo kaddish juba chablis tels volant rejudge
This is not a dictionary, it's a word game wordfinder.
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|Episode Description
|Sunday, Sep 30, 2012 - 3:00 PM
"Movin' On Out"
Check out this kid's guide to the true cost of cutting the cord and being independent. This episode takes you through it all - budgeting, roommates, finding a place, and learning about all the hidden costs that Mom and Dad used to pay for you. Meet seven girls who figured out how to share finances and the hairdryer. D
|More on PLUS (MT)
|No upcoming shows in database


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Kevin Durant visited a legendary playground basketball court on Monday.
And became part of its legend.
The former Texas star scored 66 points in an Entertainers Basketball Classic game on Monday at Harlem's Rucker Park.
"I've always wanted to play at Rucker Park all my life," Durant said.
Later on twitter, Durant wrote: "No lie, jus had one of the best times of my life at Rucker park..wow! I love NY…Harlem waddup."
Here's a full report from the game from espn.com.
And here's a stretch of the game when Durant absolutely catches fire.
– Nick Mathews


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5501.0.55.001 - Government Financial Estimates, Australia, 2010-11 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/08/2010
|Page tools: Print Page Print All RSS Search this Product
This release presents consolidated budget forecasts for the general government sector by jurisdiction except for South Australia and Total Australia. There will be a subsequent release to include South Australia and Total Australia in October 2010, after the release of the South Australian budget. Government Financial Estimates (GFE) are compiled from initial budget forecasts. No adjustments are made to these estimates as a result of revised forecasts. Two main statements are presented; the Operating Statement and the Cash Flow Statement.
Document Selection
These documents will be presented in a new window.


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Main Page
Jack the Ripper - The Great Victorian Mystery
The Casebook Wiki is pleased to announce the North American release of Jack the Ripper: The Definitive Story on October 27th 2011.
The trailer can be found here : http://www.youtube.com/watch?v=7RGalp1SkQU
And ticketing information here: http://www.fathomevents.com/originals/event/thrillerthursdays_2.aspx?d=10/27/2011
Welcome to Wiki: Jack the Ripper, a new experiment in bringing together Ripperological information on the web where the content is directly controlled by Ripperologists from around the world. The goal is to have a central repository where new information can be added, updated and, when necessary, corrected through collaborative effort.
Initially, we will focus on specific types of pages as we test out the new environment and software, and to keep things relatively simple. As time progresses and we receive more and more user feedback we will extend this to other aspects of the case, and also allow users to create new pages on topics that are of interest to them and not yet represented in the wiki.
The Wiki: Jack the Ripper has all entries divided into specific categories to make searching for themes/individuals easier.
- Victims
- Suspects
- Police Officials
- Doctors and Coroners
- Ripper Letters
- Witnesses
- Ripper Media
- Shades of Whitechapel
- Victorian London
The Wanted List
- You can easily access a list of topics/pages for which content is still required by CLICKING HERE.
If you would like to participate in the wiki community, please create an account. You will need to be manually approved before you can add or edit content. If you have any questions, please email Wiki --at-- casebook.org.
If you are new to wiki-formatting, you can read up on the most commonly used markup tags here.


text: Wrestlemania 27 seating chart and pre-sale code By Paul Nemer - November 10, 2010 0 Facebook Twitter Google+ Pinterest WhatsApp The pre-sale for WrestleMania 27 begins tomorrow at 10AM ET. The code for the sale is FRIEND. The WrestleMania 27 seating chart has been posted online at: http://www.gadome.com/img/wmseats.jpg (thanks to Devin Cutting) WWE NEWS WWE stars Nikki Cross and Killian Dain get married after 10 years of dating January 19, 2019 Another match confirmed for NXT TakeOver: Phoenix, Ronda Rousey in Mortal Kombat 11 January 17, 2019 Former World Champion could exit WWE soon, 205 Live star recently requested release January 17, 2019 Another title match set for NXT TakeOver: Phoenix, NXT star scheduled for surgery today January 17, 2019 Stephanie McMahon to guest on new Facebook podcast, Videos after this week's NXT January 17, 2019 IMPACT NEWS Impact Preview for January 18 on Pursuit/Twitch, Top 5 Controversial Title Moments January 18, 2019 Note on Impact ratings going forward on Pursuit, Preview for Impact this Friday night January 15, 2019 SPOILERS: 1/12 Impact TV taping results from Mexico City to air on Pursuit and Twitch January 13, 2019 SPOILER: Title change at second set of Impact TV tapings from Mexico City this weekend January 13, 2019 SPOILERS: 1/11 Impact TV taping results from Mexico City to air on Pursuit and Twitch January 12, 2019 WRESTLING RESULTS Impact Results – 1/18/19 (LAX vs. OVE, Scarlett Bordeaux's Talent Search Winner) January 19, 2019 WWE NXT Results – 1/16/19 (Kassius Ohno vs. Keith Lee, Gargano and Dijakovic) January 17, 2019 WWE 205 Live Results – 1/16/19 (Buddy Murphy Open Challenge, Rush vs. Dorado) January 16, 2019 WWE Smackdown Results – 1/15/19 (Mysterio vs. Almas, Carmella vs. Deville, B-Day Bash) January 15, 2019 WWE RAW Results – 1/14/19 (Triple Threat for IC Title, Rousey and Banks team) January 14, 2019


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Mortgage Banking
Mortgage banking generally involves loan originations, purchases, and sales of residential mortgages. A bank can retain or sell loans it originates and retain or sell the servicing on those loans. Banks can also participate in mortgage banking by purchasing rather than originating loans. Many of the loans mortgage banks sell originate under government-sponsored programs. Follow the links on this page to regulatory resources related to mortgage banking.
CA = consumer advisory
Accounting and Reporting for Commitments to Originate and Sell Mortgage Loans (OCC 2005-18, May 2005), Interagency Advisory
Agencies Issue Final Rule for Mortgage Loans Modified under the Home Affordable Mortgage Program (NR 2009-140, November 2009), Final Rule
Agencies Issue Statement in Support of the "Making Home Affordable" Loan Modification Program (NR 2009-18, March 2009)
Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests, Interpretations (OCC 2002-22, May 2002), Questions and Answers
Consumer Tips for Avoiding Mortgage Modification Scams and Foreclosure Rescue Scams (CA 2009-1, April 2009), News Release
Implicit Recourse in Asset Securitization (OCC 2002-20, January 2002), Interagency Guidance
Mortgage Banking (OCC 2003-9, February 2003), Interagency Advisory
Nontraditional Mortgage Products (OCC 2006-41, October 2006), Final Guidance (Federal Register, October 4, 2006)
Nontraditional Mortgage Products: Illustrations of Consumer Information (OCC 2007-28, August 2007), Final Guidance (Federal Register, June 8, 2007)
Risk-Based Capital, Recourse, Direct Credit Substitutes, and Residual Interests (OCC 2001-49, December 2001), Final Rule (Federal Register, November 29, 2001)
Working with Borrowers: Statement on Residential Real Estate Loan Structurings for Serviced Loans (OCC 2007-38, October 2007); Interagency Statement
Working with Mortgage Borrowers: Interagency Statement (OCC 2007-14, April 2007)
See also Reverse Mortgages under Other Retail Products.


text:
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|2011-03-09, 18:34
|Link #22
|2011-03-11, 13:36
|Link #25
Oh look, an alternate interpretation of the Timeline 3 scenario that (I'm pretty sure) doesn't violate any of the principles carried into Timelines 4 and 5.
Last edited by Hagoshod; 2011-03-12 at 19:16.
|2011-03-12, 16:47
|Link #26
Last Engage
Join Date: Jun 2007
Location: Florida
Some people make off hand jokes and leave them be. I make off hand jokes and turn them into stories. It helps that I'm sticking very close to the structure of something previously released. That was in neither of the fandoms this story involves. Written and published in the course of...this afternoon.
"We're the legendary warriors."
|2011-03-12, 19:15
|Link #27
|2011-03-13, 21:02
|Link #29
Hello Animesuki.
Are you having FUN today?
Are you feeling HAPPY right now?
Then please allow me to emotionally crush you again with the following Madoka x Homura story:
|2011-03-18, 19:30
|Link #30
I killed Cure Pine again.
I really should stop doing that.
|2011-04-04, 20:03
|Link #33
Join Date: Apr 2010
Hello all. Would anyone like to help me out with these fan-witches? xD; I mostly need names, but other feedback is helpful...
Witch #1: The witch of sunsets. This witch was originally a magical boy who used his wish to protect the ones he loved; but the pressure of the keeping them, and the world(s), safe was too much, and he became a witch (er, warlock?).
This witch has a selfish nature, and will draw anything that comes near into his barrier. However, he will not attack. He only sits and stares at the perfect sunset he has created. If an unfortunate person gets too close, however, they will be enveloped by [s]carnivorous marshmellow flesh[s] the witch and sent to the inner-most part of his labyrinth. You can distract him by giving him a particular flavor of ice cream.
This witch's barrier places all who enter on top of buildings and skyscrapers, with the witch clearly visible at the end of the maze; now the challenge is getting over to him without falling. If/when you fall, since witch barriers seem to be a large middle finger to physics and whatnot, you don't die or be injured from the impact, but you will be preyed upon by his familiars, as the bottom-most layer of his barrier is the darkest and most dangerous.
The witch himself is made of carnivorous marshmellow fluff replicated the form of the Twilight Thorn from Kingdom Hearts 2, with some more brightly colored armor a la the final boss of Kingdom Hearts 358/2 Days; but the form that appears in his inner labyrinth is a chalk-white copy of his human form. His familiars... I'm torn between a whole-sale rip-off of the Samurai Nobodies and a Suspisciously Similar Substitute.
Witch #2: The witch of doorways. This witch is the brother of Witch #1; they share a heart and soul. So when one became a witch, the other went with him. Like his brother, Witch #2 draws all who come near into his barrier; but unlike his brother, it is out of a deep desire to make friends. Unfortunately, this often leads to him smothering his "new friends" with blobs of carnivorous marshmellow fluff.
I don't have any ideas for the Witch's design or familiars, but his barrier is made of doors; doors everywhere. Each room they lead to is different, and they frequently shift around.
Witches #3 and 4: Born from a common heart and supernaturally linked to Witches #1 and 2, these two are referred to as the X-witches ("x" being pronounced as "key" or "kai", for the record), and theirs is a dual nature. They share a barrier whose design is derived from the Bad Apple!!! Shadow Art PV: #3 appears as a white silhouette, and #4 appears as a black silhouette. The labyrinth itself is either a black or white background, and frequently features no scenery at all. While these witches only have the special abilities they had as humans (hey, wait a minute...), the way they appear can easily disorientate a person.
Witch #3 is the milder personality. He tries to only appear when the background is black, so you may see him easy. He will fight fair, will not use familiars, and will be careful to cast a conspicuous shadow when the background is white. However, while he fights fair in this regard, his attacks are merciless. Though he has less physical strength, he lands blows very fast, and he is the more resilient of the two.
Witch #4 is the opposite. He will hide in a black background so you never see him coming. He'll mob you with familiars and sneak up on you however he can. To make matters worse, his attacks are stronger and equally fast. However, one hit will send him sprawling.
Their familiars are creatures that change with the scenery, much like in the Shadow Art PV. Unlike the witches, their shade will change in either background so you may easily see them. Their shapeshifting may make them difficult to beat.
Witch #5: Sister witch to the above, Witch #5 is the malleable witch, with a curious nature. An able mind may shift reality however they see fit in her realm. She will let you do this, and will then take advantage of the new terrain. The only point where reality is fixed in her barrier is a small, grassy spot with a folding metal chair in it. Expect to be sitting in this seat surrounded by people congratulating you when you defeat the witch.
Most of the time, however, the barrier is blank white, and it is easy to find the witch if you believe she will appear. Her appearance, while it always looks like barely-animated sketches that've been colored with markers (maybe she ran out of ink?), is different depending upon who sees her.
Also, if she hugs you, you melt into Morning Rescue.
Okay, again, I mostly need names (and remember that Witch #5 is the only girl! xD, but other ideas are most certainly welcome! ^^;
...should I be having this much fun creating monsters?
|2011-04-05, 15:49
|Link #35
Professional Hikkikomori
Join Date: Feb 2009
|2011-04-08, 07:02
|Link #38
Twilight lander
|2011-04-08, 10:01
|Link #39
Senior Member
Join Date: Apr 2011
Edit: It isn't Kyoko/Sayaka, but Anything Worth Doing is Worth Doing Badly by ZipCode is arguably the best PMMM fic on the site. The rarity of the pairing (Homura/Kyoko) makes it that much better, though the style of writing is a bit jarring and the way it ends up leaving small details you wish were there out can get a tad annoying. Nonetheless, its definitely got the best depiction of Homura I've yet seen, and its depiction of just about every other character is just as good.
Last edited by Akashin; 2011-04-08 at 10:07. Reason: Everything past the "Edit:"
|2011-04-09, 01:01
|Link #40
The Spear of Destiny
Join Date: Jan 2011
Location: A place where the stars cross.
Age: 26
^ I just read that fanfic and wow, it is amazing.
The author depicted every character perfectly. Its so amazing that I imagined the whole story as I read in my head, as if I was watching an actual episode of Madoka.
|discussion, fanfiction
|Thread Tools


text: Really ticking me off. I had this server configured right the first time a few months back but when i moved and had to change service providers somehow my vmware files corrupted so i had to reinstall everything. idk what happened but somewhere along the line i messed up my email settings. i am on ubuntu 12.04 server on vmware with a single static ip managing everything. i just got 2 domains successfully installed and their A zones changed to my static ip. Now could it be that since I'm still keeping the godaddy nameservers that could be why my email isn't working or is dovecot and postfix messed up. I think I messed up the dovecot.conf file and ended up having to purge both postfix and dovecot. i reinstalled them but dovecot isn't appearing in my /etc folder. i need a lot of help. i've scoured over the ispconfig3 manual but haven't found anything that would help me and the same has been done with google.


text:
Thinking Outside the Gallery: Art from Everyday Items
This summer, we've focused in on men's style at home - from furniture and lighting to room makeovers. Looking back over the posts we noticed some stylish artwork ideas from these featured guy's homes that are made from everyday items — giving you a two-for-one shot of goodness — nice looking wall decor AND a budget friendly solution.
Shown above, left to right:
1. A set of nautical flags very simply hung in the living room adds a graphic punch of color to South Aftrican home featured in K & R's Seaside Style.
2. A series of simple greyscale drawings turns into a design statement through the power of repetition in David's Blogger Brownstone. To make a large group of frames like this wallet friendly, these were purchased at IKEA.
3. This 3d wall piece is a simple DIY — decorative branches (from West Elm) were painted and then artfully arranged over the bed in James' Treehouse Bedroom for an unusual yet naturalistic touch.
4. A trip to the art supply store plus a little artistic chutzpah and Arthur got a large painting for the dining room of his loft, featured in this Close Up of Arthur's Long Distance Home . He made the drip style painting himself on a large unframed canvas with a simple color palette.
5. A nice "floating" framing job in Michaels Design District home turns a simple everyday object, in this case, a map, into something special.
Images: 1. Liezel Strauss, 2, 3, 5. Jim Franco, 4. Evan Thomas


text:
iPhone Repair Services in Wausau, WI
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All CPR Stores are independently owned and operated and may not offer all of the repair and warranty types listed on this website. Contact your local store for their specific repair capabilities and warranty terms. All product and company names are trademarks of their respective holders. iPhone, iPad, iPod, iPod touch, Mac and iMac are registered trademarks and property of Apple, Inc. CPR is a third-party repair company and is not affiliated with Apple.
Privacy Policy Accessibility Statement


text:
I'm getting ready for Cyber Monday! Each year, my mother and I go shopping on Black Friday, braving the crowds to find a few bargains that we just can't live without, but this year I'm adding Cyber Monday to my shopping list.
This year I have two new friends to buy gifts for. One is a nursing student, and one has recently started her career as a pediatric nurse. I've been debating what to get them, and in the process I have come up with some fun ideas. I thought you might be interested in my little shopping guide, too!
For the Nursing Student:
The Skeleton Clipboard—My friend Stephanie and I recently played trivia at our local bar. Our team declared her our science and anatomy expert. A little nod to that fun with this clipboard would be a nice way to remind her of her friends while she's working.
Lumbar Vertebra Mug—Sometimes humor and beauty do cross over. There is something about this mug that both makes me smile and look closer. The handle of this mug could be a sculpture at the MOMA! And it's just weird enough that her coworkers won't walk off with it by accident!
Personalized Scrub Top—The school colors for Stephanie's alma mater are black and red. I think my favorite gift option this year is a personalized, embroidered black and red scrub top. On game days she can wear her team colors to work in a subtle, but fun way!
For the Pediatric Nurse:
Tiger Stethoscope Cover—I almost didn't have to do any further looking when I found this stethoscope cover! I can just see Becky using that tiger to calm down a young patient.
Frog Pen Light—This frog pen light is so endearing! Becky is terrific with kids regardless of whether she has a frog on her pen light, but I can imagine Hoppy enhancing her endearing ways.
"Love Your Heart" Tote—I love this bag as a work tote. You know those days that you need to carry a change of clothes, your lunch, an extra pair of shoes, and five other things to work? This bag would be perfect for those days!
Also visit allheart.com's Gift Guide for more ideas.


text:
Monday, August 17, 2009
Office Stuff
27 comments:
- Neil' said...
Enjoy the new venue Bee and spread some illumination therefrom. That temperature thing: sometimes it's where the person is from. I had a hard time with a lady of Minnesota who thought that 68° F (20° C) or less was good for office temperature.
My coinage?: pre-deskessor: the person who occupied the desk before you.
I'm on Facebook now, I'll join your page if I see it.
BTW these are 40th anniversary of Woodstock days, I was young but remember it well - "makes me feel old."
- 8:31 PM, August 17, 2009
- Zephir said...
Scientific office is low profit stuff - private companies know the price of time vasted in office chaos and they penalize employee for it strictly.
Alan Guth MIT office before "cleaning"...
- 8:32 PM, August 17, 2009
- Phil Warnell said...
Hi Bee,
Gathered from only the few times I've actually been in PI, I came away with the opposite impression, being if anything the place was perhaps a tad sterile and could use a little more chaos and a few more bacteria. We forget that there are good germs and bad germs, placing us in equal danger if we lose the good as being exposed to the bad.
Aside from this it's sad to imagine us Canucks will be losing you soon and yet happy that Sabine Hossenfelder will continue her work in research and journey through life. I do hope that at least some of the time you spent in this country stays as being fond memories and those visions of crowded work space and coffee stains will soon vanish from recollection.
P.S. I heard a related story once, that I've not been able to confirm as being true. That being that after a few months of PI's actual start up, they held an official public opening, for which the cleaning staff were told to have the place presenting as spotless. However, in their zeal they cleaned every blackboard in every office that had one, including the one forming one whole wall of your dining room , the Black Hole bistro. I found this to be a humorous story even if it not true. Also, perhaps the repercussions of that episode might explain those coffee stains and cobwebs :-)
- 9:43 PM, August 17, 2009
- Andrew said...
I am curious about which direction the temperature disagreement was in. I am a Canadian working in Germany at the moment, and I find that the locals prefer interior temperatures that, for me, are far too hot to permit any sort of rational thought, much less comfort. They also have a, for me puzzling, opposition to any kind of fresh air indoors.
- 5:48 AM, August 18, 2009
I did my masters at Stockholm University, at the campus where Nordita is. I can assure you that the cleaning is very efficient :-)
- 5:54 AM, August 18, 2009
- Georg said...
In the advanced stages, it will look like the ITP in Frankfurt did.
Hello Bee
guess, how many stages are there?
- 5:58 AM, August 18, 2009
- Alex said...
In our student council office in Munich, at some point in time someone started keeping a toothbrush there. This turned out to be a good idea (if you once ate something with garlic for lunch and stayed at university for 10 more hours afterwards, you may know what I'm talking about), so right now, nearly all of us have a toothbrush there. That makes about 20 toothbrushes, and if you knock on the door at the wrong time, you may step inside a small room where 15 people are not able to talk to you because they are busy brushing their teeth.
- 6:37 AM, August 18, 2009
- andrewg said...
One professor from my alma mater had an office that rivalled Alan Guth's (comment 1) - except he had about twice as much stuff and less than half the floor space. About 95% of it was fanfold 132-character tractor paper covered in double-precision FORTRAN output. If he was sitting at his desk you couldn't see him from the door. In fact, the door would only open wide enough to just squeeze through.
Sadly, that building was recently demolished - I have no idea what happened to the printouts.
- 7:33 AM, August 18, 2009
- Bee said...
Hi Phil,
It starts in the drawers. It always starts in the drawers... Best,
- 7:35 AM, August 18, 2009
- Bee said...
Andrew, Neil',
My officemate was also German, but with some more insulation. If I have to choose between fresh air and warm air I'll choose the warm air. Not because I don't like fresh air, but cold seems to trigger some survival instinct and the only thing my brain produces then is a flashing red light saying "TOO COLD, GET OUT OF HERE." As a consequence, it's impossible to work for me if it's too cold.
Last winter Stefan had an issue with the heating in his apartment. The thermometer showed consistently 17 or 18 C. Needless to say, I complained non-stop. I'm kinda sorry about it, but it's really the only thing my brain will produce in such a situation. His landlord asked me what I think is a good room temperature. When I said 25 C, he laughed at me and said that's too warm. I frankly think it's nobody else's business to tell me what temperature I feel comfortable in.
In any case, it is certainly true it depends to some extend on where people grew up. I actually first meant to move into the office next door but somebody told me the guy who sits there is from Novosibirsk, and I thought that's maybe not such a good match. As to the Canadians, they run around in T-shirt and Flip-Flops as soon as the outside temperature has risen above freezing point.
What I learned in Canada though is the value of ski-underwear. Best,
- 7:48 AM, August 18, 2009
- Bee said...
Zephir, Andrewg: Yep, I too have seen offices of that sort. To some extend the accumulation of STUFF around human beings is a very interesting phenomenon. I'm one of these people who constantly throw away things, who has no issues re-gifting or selling gifts, and doesn't develop attachment to things (except for very few items of personal value). Still, even with that, stuff seems to multiply. I try to avoid thinking about that I do have a complete second household stored in Germany since I didn't think I'd be away for longer than a year. At some point I'll have to face that stuff.
- 8:00 AM, August 18, 2009
- Bee said...
Alex: In fact, I too do have a toothbrush in my desk. Reason is that I several times went to the dentist from work.
- 8:04 AM, August 18, 2009
- Bee said...
Hi George,
Humm. Let me see.
First there is the "this office is too sterile" stage when it's completely empty that leads people to add some "life" to the room. The result is a rather confused random interior design with things here and there.
Next stage is if the first some people leave. They will have some stuff they don't urgently need and can maybe come back some time to pick them up, or maybe the next person has a use for etc. They will hide it in the drawers if there are any, so the office looks neat and clean. It's the "clog the drawers first" stage.
Next person who comes will figure the drawers are all full with useless stuff somebody else left, thus they have to store their things in the shelves. Once there's things in the shelves, it rapidly multiplies. It's the "Oh, there's some space, let's put it here"-stage.
The final stage is when the shelves are full and newcomers proceed to taking things out of the drawers and shelves to place them elsewhere (eg on the shelves, windowsills, in the corners, sinks, etc). Let me call it the "Let's make some space" stage.
After that, I recommend some major water damage or fire with a following renovation. Alternatively, trashing down the building and relocating into a newer one also relieves the issue. I wonder why nobody ever has the idea to once every couple of years go through offices and store "stuff-people-don't use" in the basement or something.
- 8:17 AM, August 18, 2009
- Georg said...
After that, I recommend some major water damage...
This is a technology of ancient
origin, neverthless it is reliable.
A certain Herakles applied it to
clean some cote.
- 9:55 AM, August 18, 2009
You were sharing your office with somebody else? This is odd, having in mind the nature of your work which is cerebral by definition. How you were able to concentrate? Whenever you wrote something on the blackboard for example the other guy was watching you and vice versa? I think the whole situation would be annoying and quite weird.
- 10:59 AM, August 18, 2009
- Kay zum Felde said...
Hi Bee,
what kind feeling does the office change produce ? Are these mixed emotions ?
- 11:00 AM, August 18, 2009
- Bee said...
Giotis: It is pretty much standard that postdocs have to share offices. I guess I can be lucky at PI it's only 2 per office. The office I started in, we were 5 people in an office the same size that is here for 2 people. On the risk of destroying your illusions, I prefer notepads over blackboards.
- 12:04 PM, August 18, 2009
- Bee said...
Kay: Hard to say since I haven't yet seen the new office... I'll keep you updated. I'm not the biggest fan of PI's interior design, so I don't think I'll miss that aspect.
- 12:06 PM, August 18, 2009
- Neil' said...
Thanks for accepting me as a Facebook friend, Bee!
- 12:58 PM, August 18, 2009
"It is pretty much standard that postdocs have to share offices"
I see the same hierarchy pattern again and again. It's not due to lack of resources of course. It's a way to be reminded of your position in the ladder. This discrimination mechanism based on your "status" (scientific, social, economical or other) has been refined throughout human history and embedded in the cultural evolution process by the upper classes in a way that now seems natural and fair. Nevertheless it's immoral and reveals the lack of respect to the humanistic ideal.
Take Obama's health reform for example. Obama just want to assure a descent health care for every American; something that anyway is a fundamental right of every human being regardless of his economical status. Nevertheless he faces intense opposition from the right winged middle class. The minds of these people are so polluted from these artificial hierarchy patterns that they think is fair to let you die like a dog if you don't have enough money or insurance. That doesn't stop them of course from calling themselves devout Christians and patriots. These "hard working Americans" find the cruelty towards their fellow man to be something natural and fair. If you don't accept it they simply label you as a communist as they call Obama now.
But I'm off topic I think. Sorry:-)
- 2:03 PM, August 18, 2009
- Bee said...
Hi Giotis,
I basically agree with you. In some cases space is scarce indeed, but either way it's clear who will be the ones that have to be squeezed together. Students are on the bottom on the ladder, postdocs above them, then there's junior faculty, senior faculty, and everybody in leading positons on the top. The latter commonly have two offices, one for the secretary. Flat hierarchy, my ass. On the other hand, sharing an office doesn't bother me as long as the person isn't noisy or smelly (or loves arctic temperatures).
Reg health insurance, a friend just send me this, it's really scary. Best,
- 2:12 PM, August 18, 2009
Scary indeed. I didn't know that things are that bad. They are afraid to call an ambulance after a car accident ?!
Strange though, I've never seen that happen in Hollywood movies. They all go to the hospital with the ambulance, they all have the best possible treatment and nobody asks them for money afterwards:-)
- 3:05 PM, August 18, 2009
- Kris Krogh said...
Hi Bee,
You might like the indoor temps in St. Petersburg, Russia. They keep it blazing hot inside stores, even in August. I asked my Russian friends about it, and they said maybe it's because Russians worry a lot about freezing.
Best, Kris
- 4:20 PM, August 18, 2009
A story I've always loved:
My grandfather was an engineer at Teledyne in the 60's. He was also the undisputed head of household - my grandmother, while an amazing woman who held no qualms about getting her way, was a stay-at-home mom and let my grandfather pay all the bills and such. They were fairly well off and had a large house (could be called a mansion) in Texas that had enough rooms to include what she referred to as his "library", which was a combination study/lab/workshop/library where my grandfather spent his free time tinkering.
When he died in the early 70s, there was a bit of a problem: everything was in his name and, because of the size of the fortune, was going to spend a few months going through the normal legal processes. My grandmother panicked, begging the lawyers to tell her how she was supposed to live (they paid the bills, but incidentals weren't covered); they were less than helpful.
So, as she was wont to do when she was stressed, she started "tidying up", and decided to clean up his library. Stacks of books, piles of papers, odd pieces of electronics and such were all over the place. She grabbed a stack of books to go place on the shelf and accidently dropped one - which fell open and proceeded to spill out an envelope.
The envelope contained a schematic, some notes, and a few hundred dollars in cash. Apparently, when my grandfather got an idea for a project, he'd take all the plans and enough money to start it, stick it in an envelope, and place them in a book.
There were hundreds of books; not all of them contained envelopes. However, if I recall correctly, the final amount in cash she gathered over a few hours was somewhere in the neighborhood of $25,000. It was more than enough for her to live on until the legal paperwork was done.
So, before you throw away anything in those offices, you might want to look around; you never know what you'll find.
- 5:00 PM, August 18, 2009
- chimpanzee said...
1 of the senior members of my group in grad school had scores of Playboy magazine, hidden under the floors of the computer room (which had raised floors). A succeeding member of the group disapproved (a conservative prude), & later tossed them into the garbage.
I found it amusing that on Cosmicvariance, a female researcher admitted to masturbation (while at work) as a porthole to getting any work done, in order to relieve the pressure. Condoms, masturbation, Playboy magazine.
- 3:50 AM, August 19, 2009
Staying in St.Petersburg some years ago the temperature in our hotel room was about 30°C. The outside temperatute was -25°C.When we asked how to regulate, a craftsman came, opened the window and said: So we regulate!!
Best Mum
- 4:32 AM, August 19, 2009
That's a Great story Austin!
- 3:25 PM, August 19, 2009


text:
New Study Shows Texting Bans May Make Roads Even More Dangerous
from the unintended-consequences... dept
This seems like a classic case of politicians not understanding unintended consequences. Politicians love to ban stuff, but they never take into account the actual response to those bans, and just assume that if the law bans something people will stop doing it. Instead, they may continue to do the action in an even less socially acceptable way -- and that can put a lot more people in danger.
The article quotes someone who makes the point that I've been trying to make for years:
"The trouble is that texting and using a cellphone while driving is definitely hazardous. Nobody argues that. The danger in putting all the emphasis on laws is that it is being done to the exclusion of something else that would be more effective."No one is arguing that texting while driving is a good thing -- just that these laws aren't helping (and may even be making the problem worse). Instead of pretending we live in a perfect world where if something is banned by law, people will stop doing it, why not focus on looking for solutions that actually make people safer?