You’re probably among the millions who have experienced it: driving in a car, listening to the radio, and suddenly this song comes on. It is not just any song–this was your favorite song when you were a teenager. As the first few notes strike up, you’re transported back in time. Everything is so vivid, and your mind wanders to parties, first kisses and sweaty palms. It’s as if time stands still and you suddenly realize that for the entire duration of the song, you haven’t seen a single thing on the road.
Op-Ed Contributor – P.S.A. prostate screening is inaccurate and a waste of money. – NYTimes.com
I never dreamed that my discovery four decades ago would lead to such a profit-driven public health disaster.
This piece alone is enough take medicine out of the for-profit arena.
Citigroup Decline|usfst.com
Where did it all go wrong for Citigroup? When it was formed by the merger of Citibank and Traveler’s Group in 1998, it was envisaged as the epitome of the modern financial services firm.
Fast forward to 2009. At the end of January, CEO Vikram Pandit announced losses of $18.7 billion for the previous year and that Citi would ‘realign’ itself into two separate sections, Citicorp and Citi Holdings.
BBC News – US lifts lid on top secret plan for internet security
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We must continue to seek out innovative new partnerships – not only within government, but also among industry, government and the American public,” he told delegates at the event, hosted by the security company RSA in San Francisco.
FDIC moves toward new market | GDS Publishing
In an attempt to rid itself of assets from failed banks, the Federal Deposit Insurance Corp. (FDIC) is looking to tap into the securitization market with three new guaranteed deals totaling $4 billion
SBA Recovery Act Funding Extended
Extension of SBA Recovery Lending Programs Will Support $1.8 Billion in Small Business Lending
Agency plans to restart Recovery loan approvals on March 10
WASHINGTON – President Barack Obama signed legislation Tuesday extending until March 28 the U.S. Small Business Administration’s ability to provide small business loans that are enhanced with special provisions of the American Recovery and Reinvestment Act (ARRA), including a higher guarantee of SBA-backed loans and a waiver of loan fees normally paid by borrowers.
SBA estimates the additional funding will support about $1.8 billion in small business lending.
Continue reading “SBA Recovery Act Funding Extended”
Thousands Of MySpace Sex Offender Refugees Found On Facebook
MySpace is in the spotlight today because it revealed that 90,000 registered sex offenders have been kicked off its site in the past two years. But where did all of those sex offenders go? Some evidence suggests that a portion of them are now on Facebook.
Yelp CEO Responds to Class-Action Lawsuits Alleging Extortion | Fast Company
Essentially, the rumors of ethical misconduct all come back to an alleged “pay to play” tactic. Yelp is accused of offering to remove or downgrade negative reviews if the business in question purchases advertisements on the site.
External Affairs February 2010 newsletter | The Governator
CALIFORNIA RECOVERY TASK FORCE UPDATE: HIGH-SPEED RAIL
The State of California is ushering the United States’ transportation system into the 21st Century. In 2008, voters approved Proposition 1A, a $10 billion bond measure to seed the development of a high-speed train network in California. On January 27, 2010, U.S. Department of Transportation Secretary LaHood notified Governor Schwarzenegger that California will receive $2.25 billion in federal funds for our high-speed rail project. California received more money than any other state due in part to our diligent planning over the past 10 years.
Continue reading “External Affairs February 2010 newsletter | The Governator”
Regulators ease up on small business loans | CNN Money
I hope this is true.
Hoping to ease the small-business credit crunch, six regulatory agencies recently banded together in a joint statement essentially promising to back off second-guessing banks’ loans. “Prudent” small business lending “will not be subject to supervisory criticism,” a regulatory group led by the Federal Deposit Insurance Corp (FDIC) said earlier this month.
