Category: News

Special guest host?  Nah, It’s just me.

Welcome to the Four at Four, at Five (Four Central).

• Foreclosures in the second quarter this year were up 121% from the second quarter last year, and up 14% from the first quarter this year.
  

  Foreclosures were filed against 739,714 properties in the second quarter. One in every 171 U.S. homes was filed against, the report said.

  …

  The states posting the highest foreclosure filing rates were Nevada, California and Arizona. Nevada had the highest per-household foreclosure rate, with 24,657, or one in every 43 households, nearly four times the national average.

  California posted 202,599 filings, or one in every 65 households. That is a 19 percent increase from the previous quarter and nearly three times the level reported in the second quarter of 2007.

  Foreclosure activity in Arizona, which had the third-highest number of filings, increased 36 percent from the previous quarter and almost four times the level reported in the second quarter of 2007. Arizona reported 37,230 filings, or one in every 70 households.

  The states with the lowest foreclosure activity were Vermont, North Dakota and West Virginia.

• Seven synchronized small bombs were detonated in India, killing two and wounding at least five in Bangalore.
  

  There was no immediate claim of responsibility.

  The government condemned the blasts and vowed to catch those behind them.

  “Such incidents will not deter the government from pursuing its policy of dealing with terrorists in a resolute manner,” Patil said.

• California Terminator Governor Arnold Schwarzenegger signed into law a ban on trans fats in restaurants.
  

  “California is a leader in promoting health and nutrition, and I am pleased to continue that tradition by being the first state in the nation to phase out trans fats,” Schwarzenegger said. “Consuming trans fat is linked to coronary heart disease, and today we are taking a strong step toward creating a healthier future for California.”

  The law, AB 97 by Assemblyman Tony Mendoza (D-Artesia), will ban cooking with artificial trans fats in restaurants by Jan. 1, 2010, and bar their presence in baked goods by Jan. 1, 2011.

• Carnegie Mellon University professor Randy Pausch, whose diagnosis with terminal cancer turned him into a widely popular inspirational speaker, has passed away at the age of 47.
  

  The lanky, energetic Pausch talked about goals he had accomplished, like experiencing zero gravity and creating Disney attractions, and those he had not, including becoming a professional football player.

  He used rejections he was handed when he applied for jobs at Disney to comment on the importance of persistence.

  “The brick walls are there for a reason … to show us how badly we want something,” he said. “Because the brick walls are there to stop the people who don’t want it badly enough. They’re there to stop the other people.”

Special guest host?  Nah, It’s just me.

Welcome to the Four at Four, at Five (Four Central).

• An earthquake in northern Japan injured more than 100 people as a popular highway was pelted with falling rocks.
  

  Most of the injuries were minor and none was life threatening, said a National Police Agency official on condition of anonymity, citing department policy.

  The earthquake caused strong shaking for about 40 seconds in many areas of northern Japan, witnesses said. Life quickly returned to normal, however.

  “Everything — including gas, phone lines, water, electricity — is running normally,” said Takanori Hiyamizu, a city hall official in Hachinohe, one of the cities closest to the epicenter. “The damage from the quake was very minimal.”

• The remnants of Hurricane Dolly threaten to flood the Rio Grande valley in Texas, after the storm dumped upwards of 12 inches of rain in the area and continues to deluge the area as it moves inland across the state.  So far there have been no casualties, though many homes have been damaged and about 155,000 200,000 people are without power.
  

  The prospect of heavy rains and a storm surge of sea water pushing back upstream spurred concern that levees holding back the Rio Grande could be breached, causing widespread flooding.

  Pat Ahumada, mayor of Brownsville, said he expected the levees to hold.

  Texas Gov. Rick Perry has put 1,200 National Guard troops on alert and issued a disaster declaration for 14 low-lying counties. Perry has asked President George W. Bush to declare a federal disaster for the storm-damaged area.

  He seemed perfectly content to watch Louisiana drown, we’ll see what his reaction is when Texas is in trouble.

• Recent numbers from the housing slump indicate that the problems are not going away any time soon.
  

  Sales of previously owned U.S. homes fell in June to the lowest level in a decade as tumbling real- estate prices and consumer confidence signal no end in sight to a housing recession now in its third year.

  Resales dropped 2.6 percent to a lower-than-forecast 4.86 million annual rate from a 4.99 million pace the prior month, the National Association of Realtors said today in Washington. The median home price dropped 6.1 percent from June of last year.

  The housing slump may deepen further after mortgage rates climbed to the highest in a year this month and turmoil engulfed Fannie Mae and Freddie Mac, which account for more than two- thirds of new home-loan financing. A record 18.6 million homes stood empty in the last three months as the industry’s recession reverberated through communities, separate figures showed today.

  The NAR report “is, unfortunately, not telling us about an end” to the slide, said David Resler, chief economist at Nomura Securities International Inc. in New York. “Housing is going to be a non-contributor, if not a drag, on the overall economy.”

• Concerned that a child’s name would leave her emotionally scarred, a New Zealand judge made a child a ward of the state to change her name.
  

  A lawyer for Talula Does the Hula From Hawaii said the girl is so embarrassed by her name that friends know her as “K.”

Special guest host?  Nah, It’s just me.

Welcome to the Four at Four, at Five (Four Central).

• Even though he faces arrest after being accused of genocide, Sudanese president Omar Hassan al-Bashir held a rally for himself in Darfur, in which he danced on top of his desk.
  

  With an international indictment looming over him on charges of genocide, Mr. Bashir returned to the scene of his alleged misdeeds in Darfur – on an uncharacteristic charm offensive.

  It was here in El Fasher, on the same airport tarmac where Mr. Bashir was blessed by a hundred elders leaning on canes Wednesday morning, that rebels blew up government planes in 2003, kicking off a conflict that would claim 300,000 lives and perpetually threaten to destabilize an entire region in the heart of Africa.
  
  …
  
  But on Wednesday, Mr. Bashir didn’t seem to be feeling too guilty. He was all about peace, development and pleasing the crowds. The minute he stepped off the plane in El Fasher, a white dove was thrust into his hands.
  
  Mr. Bashir threw the bird toward the sky. It flapped a few times, but didn’t really fly.

• A major collision between a barge and a tanker has closed the Mississippi River in New Orleans, as roughly 400,000 gallons of fuel spilled into the water.
  

  The river, a major shipping route between the Midwest and Gulf of Mexico, could be closed for days during the cleanup, the Coast Guard said Wednesday.
  
  More than 30 ships already are queued up along the river, waiting to pass through the closed zone, Coast Guard Petty Officer Jaclyn Young said.

• President Bush is set to sign the housing bill after all, backing off his promise to veto the bill over portions of the bill that he decided he didn’t like.  He heeded advice from Treasury Secretary Henry Paulson, who warned him that saving Fannie Mae and Freddie Mac was too urgent a need to veto and make Congress go back to work.

• Hurricane Dolly hit Texas as a category 2 hurricane, before being quickly downgraded to a category one storm.  The storm missed most oil rigs, but has still left about 61,000 people in southern Texas without power and will likely cause wind and water damage.

Special guest host?  Nah, It’s just me.

Welcome to the Four at Four, at Five (Four Central).

• While Iran and the US wrestle over nuclear power, India’s parliament voted to go ahead with a US-India nuclear deal, in which the US will provide nuclear technology and fuel to India so they can build power plants.  However, the entire process has been marred with scandal.
  

  The Indian government’s joy at its victory was tempered by a bribery scandal, after opposition lawmakers interrupted the debate to wave wads of cash to protest against what they said were bribes offered by the government to abstain.
  
  The furor was described as one of the lowest points in parliamentary history, and led to fresh demands for Singh to resign, and catcalls preventing him from delivering his concluding remarks after the two-day debate.

• Although an agreement has been made between the recently re-elected President of Zimbabwe and his former adversary, all is still not well in Zimbabwe, and many people even doubt the sincerity of the settlement, which isn’t expected to be final for two weeks.
  

  With inflation at more than 2.2m%, unemployment at 80%, and basic food commodities vanishing from shelves, locals have been finding things tough, with millions forced into neighbouring countries.

• The Congressional Budget office has determined that the federal government’s rescue of Fannie Mae and Freddie Mac will cost the government about $25 billion, and admitted that there was a slim chance that the total cost might reach $100 billion.
  

  CBO’s $25 billion cost estimate is an average based on “the path of housing prices in the next several months.” They considered three scenarios: prices stabilize, grow modestly or decline steeply.
  
  …
  
  [Treasury Secretary Henry] Paulson requested that the Treasury be allowed to offer Fannie and Freddie an unlimited line of credit for 18 months and be given authority to buy stock in the companies if necessary.

  Anyone else find it ironic that mortgage companies are borrowing money?

• A study on the effects of Viagra in women (yes, women) has found that Viagra may help women reach orgasm if antidepressants have reduced their libidos.
  

  The study, the first objective research to show a role for Viagra in boosting female sexual function, found that almost three times as many women taking the impotence pill had orgasms compared with those given a placebo.
  
  …
  
  Researchers in the study looked at 98 women on antidepressants whose average age was 37. The women in the study didn’t have any sexual problems before beginning on antidepressants, [researcher Harry] Croft said.
  
  The participants, randomly assigned Viagra or a placebo, were told to take the pill one to two hours before sexual activity for eight weeks. The women on Viagra were more likely to say they had an increase in orgasms and partner satisfaction compared with those taking the placebo. Overall, Viagra didn’t increase their sexual drive or desire for sex, Croft said.

Special guest host?  Nah, It’s just me.

Welcome to the Four at Four, at Five (Four Central).

• A US District judge blocked an appeal by attorneys of Osama bin Laden’s former driver, Salim Hamdan, signaling the beginnings of war crimes trials at Guantanamo.  The appeal was a challenge to the military tribunal system.
  

  Hamdan, a Yemeni, would be the first prisoner tried in the U.S. war crimes court at the Guantanamo naval base in Cuba. There are about 265 detainees at Guantanamo, which was set up in January 2002 to hold terrorism suspects captured after the September 11 attacks.

  Most of those at the base have been held for years without being charged and many have complained of abuse.

  No word yet as to when the war crimes trials will begin for the current administration…

• Malaysian opposition leader Anwar Ibrahim once again faces charges of sodomy, and once again he alleges that the charges are a conspiracy aimed to discredit him after his political party won several seats in the parliamentary election.
  

  Anwar spent six years in prison after being convicted on corruption charges in 1999 and on sodomy charges involving his wife’s former driver in 2000. Malaysia’s highest court overturned the sodomy conviction and ordered him released from prison in 2004.

  He left prison in a wheelchair due to injuries he blamed on a 1998 beating by Malaysia’s then-police chief.

• A Justice Department report on the conditions at Cook County jail in Chicago found that inmates are routinely put in serious risk, whether by poor health care or abuse at the hands of guards and other inmates.
  

  In a written response Thursday afternoon, Sheriff Tom Dart, whose office runs the jail, acknowledged that large institutions can become insulated to change, but he criticized the report for not placing its findings in proper context.

  “[The] report often relied on inflammatory language and draws conclusions based on anecdotes and hearsay from inmates,” he said in the four-page statement. “The [Justice Department] report’s allegations of systemic violations of civil rights at the jail are categorically denied by the Sheriff’s Office.”
  
  …
  
  In one alleged incident cited in the report, guards in May 2006 beat an inmate so severely for refusing to obey orders that he needed to be taken to a top-level trauma center, where he was placed on a respirator.

  …
  
  He was hit with a radio, and a guard smashed the inmate’s dentures under his boot when they fell out, it said. He sustained multiple broken bones and a collapsed lung, it said.

  I’m sure the medical reports from that beating were just taken out of context.

• -President- Al Gore is calling for an end to the use of fossil fuels in the US by relying on solar and wind power, citing not only an endangered global climate, but also the potential for jeopardizing national security.
  

  Although Mr. Gore has made global warming and energy conservation his signature issues, winning a Nobel Prize for his efforts, his speech on Thursday argued that the reasons for renouncing fossil fuels go far beyond concern for the climate.

  In it, he cited military-intelligence studies warning of “dangerous national security implications” tied to climate change, including the possibility of “hundreds of millions of climate refugees” causing instability around the world, and said the United States is dangerously vulnerable because of its reliance on foreign oil.

  No, no, that’s just silly, what we need is more drilling!