What if you found a blue envelope outside and it had a few dollars in it that you could use on whatever you like, say a coffee on Monday? This is a possibility with a new initiative that took off in London and is starting to spread itself throughout the world.Source: http://feedproxy.google.com/~r/Techcrunch/~3/_g1n9ccf680/
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>>> to the drama still unfolding this morning where a suspect is holding a 5-year-old boy hostage in his underground bunker . gabe is there. good morning to you.
>> reporter: good morning. in that underground bunker , police have been working more than 36 hours to free this 5-year-old boy. so far, he is unharmed. police have been able to bring his medicine and a coloring book . today, we're learning more about his alleged kidnap per. hostage negotiators have been talking with the suspect through a pvc pipe attached to what is described as a tornado bunker. a close source to the investigation describes him as 65-year-old jimmy lee dykes. a source describes him as survivalist who distrusts the government. and neighbors describe him as a loner, always menacing.
>> this man has exhibited for years signs of instability.
>> does he scare you?
>> he terrified me. he was basically a ticking time bomb .
>> reporter: on tuesday afternoon, the police source says the gunman boarded a stopped school bus near this church and demanded a few random children come with him. it's not clear why. the bus driver , 66-year-old charles poland junior refused to let any children go and when dykes shot poland multiple times killing him. as officers closed in, witnesses who shot this cell phone video say the suspect grabbed one of the children who had fainted and took the kindergartener to his property near by. the child has been identified simply by his first name, ethan. he turns 6 in a few weeks. in midland city, vigils wednesday night to pray for ethan and remember the bus driver .
>> he's definitely a hero because he did everything he could to save those children.
>> reporter: all of this shocking this small community in southeastern alabama.
>> to think that he is holding this poor innocent little child , it just -- it is, it's inextricably overwhelming.
>> reporter: court records show the suspect had a scheduled court appearance wednesday morning to face misdemeanor charges menacing a neighbor. police are not sure what role if any it may have played in a motive. savannah.
Source: http://video.today.msnbc.msn.com/today/50650813/
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Rep. Stephen Lynch, a former ironworker, announced his campaign to succeed John Kerry in the Senate. He faces Rep. Edward Markey, the apparent front-runner, in a Democratic primary.
Rep. Stephen Lynch (D) of Massachusetts gestures while announcing his bid for the seat being vacated by John Kerry at Ironworkers Local 7 in Boston, Thursday.
Charles Krupa/AP
EnlargeRep. Stephen Lynch, a former union ironworker with South Boston roots, announced a campaign for the US Senate Thursday, setting up a contested Democratic primary for the seat being vacated by John Kerry.
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Kerry, a longtime Democratic Senator, was confirmed by his peers this week to serve as President Obama's second-term secretary of State.
Edward Markey, the ranking US House member from Massachusetts, had already announced his intention to seek the seat Kerry has vacated.
Representative Markey, a liberal stalwart, is the apparent front-runner. Representative Lynch, with more than a decade under his belt in the House, is more of a political moderate ? a stance that political analysts say hurts his chances in a primary election that hinges on winning support form party loyalists.
In a video and statement on his web site, Lynch kicked off his campaign by recalling his humble beginnings and 18 years as an ironworker, saying he?s spent his life ?fighting for working families,? and emphasizing his support for Social Security and Medicare.
?I?ve gone from a kid in public housing, to the classrooms of Harvard, to the halls of Congress ? and I never left my working class values behind,? read the statement, which also notes the campaign?s underdog status.
Many top Democrats in the state had hoped Markey would run uncontested for the party's nomination, saving financial resources and avoiding brand-tarnishing fights before the special election comes on June 25. Political pundits generally expect Scott Brown, the Republican recently ousted from the state's other Senate seat, to run and to make the race an interesting one.
Mr. Brown lost his most recent race to Elizabeth Warren in November, after a race that combined lots of money with neck-and-neck poll results for many months ahead of the vote.
Brown's entry into the race isn't a sure thing, however. He has remained on the sidelines so far, possibly to weigh his chances after the bruising loss in November. The Republican scores high in likeability with voters, but a message of 2012 is that even a popular and politically moderate Republican has a tough time winning in Massachusetts.
A contested primary could serve one useful purpose for Democrats, besides giving voters a choice of nominee. It could leave the winner more ready for the rough and tumble of the general election campaign.
The primary vote is scheduled for April 30. Until the June special election, the state is being represented by William ?Mo? Cowan, a former aide to Gov. Deval Patrick (D), who was named to the interim post by the governor this week.
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Businesses with bad credit scores often thought of as helpless when it comes to obtaining business loans. Due to their low earnings and stumpy sources of funds, they often became victim of debt. They are geared up for the decline that is coming from the banker at the end of their interview.
This turn down makes them loose hope and wonder how will they improve their credit score if they couldn?t get any funding aid. Frequently, the surprising come about and a large sum of money is required to handle the daily business expenses like bills, repairs, and other expensive delays.
In current recession times, an average person doesn?t have enough savings for some unanticipated disaster like getting a loan. To overcome this unexpected issue, Unsecured loans for bad credit have been for those who need quick funding to look out the personal needs as well as business unexpected expenses without having to mortgage their assets.
Get Quick Funds Without Risking Your Valuable Assets
Bad credit loans are not only designed for those who have bad credit, but also who simply don?t want to risk their valuable assets to avail funds. Because of this reason, unsecured loans are made for practically for everybody. Though traditional financing institutions have tried to make the process easier, still loan application process is lengthy and prolonged. Above all, you have to plan an interview with the banker, take the time to drive across town, and in a long queue etc. But in current times, a person can easily apply for a loan while sitting on a couch. All you need to have a computer and a internet access! Even if you have bad credit problems such as arrears and defaults, CCJs, late payment, insolvency or bankruptcy, you can still apply for unsecured bad credit loans.
Qualification Requirements For Unsecured Loans
Before applying for unsecured bad credit loans, it is important that you are well prepared to present the essential information to the lender. A lender needs to review the amount of money that you owe for other financial obligations while establishing your qualification to borrow funds. The essential documents include your business information, the time you are in business, financial statements, tax returns etc.
Online Application With Quick Approval
There are numerous online lenders that makes the loan application approval quick and expedient. Also the loan amounts are determined by monthly earning of the borrower whether they can afford to pay the loan amount monthly. So don?t get hopeless just because you think you can?t find any funding assistance. Look around before applying for bad credit unsecured loans to find a lender that best suits your business financing needs.
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LONDON (AP) ? Chinese stocks led the way Wednesday as investors grew more confident that policymakers in the world's second-largest economy would back another batch of stimulus measures.
The catalyst to the optimism across the markets was a Chinese government pledge to maintain policies intended to strengthen the economy and an expression of willingness to "fine tune" them and make them more effective.
China's main Shanghai Composite Index jumped 2.9 percent to 2,031.91 while the smaller Shenzhen Composite Index soared 3.8 percent to 771.72. Hong Kong's Hang Seng joined in on the act too, ending 2.2 percent higher at 22,270.91.
Those gains helped shore up stock markets in Europe despite an unexpectedly big 1.2 percent monthly decline in retail sales across the 17 European Union countries that use the euro in October. However, the single currency fell on the news, and was trading 0.2 percent lower at $1.3076.
"As we saw following the global recession in 2008, a strong Chinese economy could help drive the recovery once again, with growth currently sluggish at best in most major economies," said Craig Erlam, market analyst at Alpari. "Any news which is pro-growth in China is always going to be well received in Europe and the U.S."
In Europe, the FTSE 100 index of leading British shares was up 0.3 percent at 5,888 while Germany's DAX rose 0.2 percent to 7,449. The CAC-40 in France was 0.3 percent higher at 3,592.
In the U.S., the Dow Jones industrial average was 0.4 percent higher at 13,002 while the broader S&P 500 index rose 0.1 percent to 1,409.
The focus in the U.S. though will likely remain on the progress of negotiations between the White House and Congress on a deal to avert the so-called "fiscal cliff" of automatic spending cuts and tax increases at the start of the new year. Without a deal, the U.S. could well fall back into recession and push much of the world down with it.
Despite political posturing and a deep divide on critical issues, most analysts think a deal acceptable to both President Barack Obama and congressional Republicans will be cobbled together before the end of the year.
Investors are also focusing on a raft of U.S. economic data, but the figures so far have done little to alter expectations for Friday's key release of the week, the monthly nonfarm payrolls report from the U.S. government.
In its monthly survey, ADP found private payrolls rose 118,000 in November. Many economists think the fall from October's 157,000 can be largely attributed to the effects of Superstorm Sandy, which battered much of the eastern seaboard.
"Fiscal cliff uncertainties and the impact of Hurricane Sandy may subdue jobs growth in the month," said Neil MacKinnon, global macro strategist at VTB Capital.
Earlier in Asia, the gains weren't just confined to China. Japan's Nikkei 225 index rose 0.4 percent to 9,468.84, its highest close since April 27 while South Korea's Kospi added 0.6 percent to 1,947.04.
Oil prices were relatively subdued, with the benchmark New York rate down 28 cents at $88.22 a barrel.
Source: http://news.yahoo.com/chinese-stimulus-hopes-markets-boost-112254475--finance.html
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Busting out a day of news is rewarding work. We get busy, and often times frantic, but honestly writing the news and getting knee deep in it is as fun as it sounds. Here's how we spent our day.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/Ak6486ODOeg/story01.htm
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President Obama gave an interview with Julianna Goldman from Bloomberg Tuesday regarding the fiscal cliff talks that are ongoing.
President Obama's main point was about how the Republican offer doesn't go far enough to raising revenues necessary to take on the deficit. Obama said that what Republicans need to do is acknowledge that the tax rate on the wealthy is going up.
The president said that what business leaders want most of all is an increase in consumer confidence. There are many areas requiring improvement, including taxes, entitlements, loopholes and deductions. The president noted that a package that ?does it all,? would not be likely before the so-called fiscal cliff.
He laid out a ?framework? for how he would like this discussion to continue: letting the tax rates go up at the end of this year, work on loopholes and deductions and simplifying the tax code in 2013, then focus on entitlement reforms after that. It is important to note that he said he would be flexible within this framework and only this framework.
Obama stated that he would like to protect the core of entitlement programs, but some parts may be on the table. For instance, he would like to look at how to reduce long-term costs, but does not favor slashing benefits for current beneficiaries.
The president also proposed a higher tax rate on income above $250,000 only. This would apply to 100 percent of Americans, but would have no impact on those earning less than that threshold (roughly 98 percent of the country).
When asked if he would like to bring in top executives to advise his economic team, the president emphatically said that he would love to have them. He also derided the confirmation process and talked about how most business people are turned off by the mud-slinging and name-dragging of the confirmation process.
The president also stated that he has spoken with business leaders who are ready to invest and ready to hire, but are waiting for some assurance from the government that the long-term debt problem will be addressed and that pro-growth measures are being taken. Obama also acknowledged that White House relations with business leaders has been strained in his first term, but hopes they will improve for his second term.
The president finished by saying that he believes in the potential for a deal as talks move forward. At the beginning of the interview, the SPDR S&P 500 ETF Trust (NYSE: SPY), a great indicator of overall U.S. economic conditions, was at $141.21.
The S&P 500 showed minor fluctuations during the interview but by the end was at $141.09, down from its open of $141.47, a 0.27 percent decrease.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: Barack Obama
Posted in: News, Politics, Forex, Global, Economics, Markets, Trading Ideas, General, Best of Benzinga
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