New York, Sept. 26 : US federal regulators have seized assets of Washington Mutual, the giant lender, and sold some of it in a bid to arrest the meltdown on Wall Street.
Regulators brokered an emergency sale of virtually all of Washington Mutual — the nation’s largest savings and loan, with $307 billion in assets — to J P Morgan Chase, reports the New York Times.
The move came as lawmakers were stalemated over the passage of a 700 billion dollar bailout fund meant to help ailing banks, and removes one of America’s most troubled banks from the financial landscape while mitigating another potentially huge taxpayer bill for the rescue of another failing institution.
Shareholders and some bondholders will be wiped out.
Washington, Sept. 26: A Democrat representing Florida in the House of Representatives -- Alcee Hastings – has warned Jews and Blacks to beware of Sarah Palin because “anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks.”
Hastings, who is black and a Democrat, made the comment in Florida at a panel discussion hosted by
New York, Sept. 26 : New York Port Authority officials have developed a proposal to complete the 9/11 memorial at Ground Zero in time for the 10th anniversary of the terrorist attack.
Officials now say that the authority, which is overseeing the rebuilding effort, can have most elements of the memorial — a broad landscaped plaza, waterfalls that flow into two underground chambers where the twin towers stood, and parapet walls lined with the names of those killed in the attacks in 2001 and in 1993 — completed by August
2011.
This is possible in part because of a new, simplified design for a vast transit mezzanine that would sit beneath the northeast corner of the memorial plaza, reports the New York Times.
Washington, Sept. 26: With anywhere between 60 million and 100 million people expected to watch the first presidential debate on Friday, all will depend on which of the two candidates – Barack Obama or John McCain – has better presentation skills and ability to maintain poise in the heat of the interaction, says an academic.
Washington, Sept 26 : Lying comes easy to office-goers when they use email for communication – even more so than the traditional pen-and-paper, suggests a pair of new studies.
According to the studies, workers have a tendency to lie more often in e-mail rather than in more traditional kinds of written communications, like pen-and-paper.
And surprisingly, the studies show that people actually feel justified when lying using e-mail.
Washington, September 26: Biologists at the Massachusetts General Hospital in Boston, U. S., have shown that it is possible to reprogram adult cells back to an embryonic state without using viruses that can leave dangerous copies of cancer-causing genes in the cells' chromosomes.
Research leader Konrad Hochedlinger has already done just that with adult mouse cells in his lab.
His work raises hope that the cells, known as "induced pluripotent stem cells" (iPS cells) can be made safe for transplantation into people.
The reprogramming technique was pioneered by Shinya Yamanaka of Kyoto University in Japan, who used retroviruses carrying four separate genes that effectively wipe the developmental slate of an adult cell.
Washington, Sept. 26: A Democrat representing Florida in the House of Representatives -- Alcee Hastings – has warned Jews and Blacks to beware of Sarah Palin because “anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks.”
Washington, Sept. 26: With anywhere between 60 million and 100 million people expected to watch the first presidential debate on Friday, all will depend on which of the two candidates – Barack Obama or John McCain – has better presentation skills and ability to maintain poise in the heat of the interaction, says an academic.
