Showing posts with label sports. Show all posts
Showing posts with label sports. Show all posts

Tuesday, November 23, 2010

Woman 'exhausted' over Obama loses job


Woman who questioned Obama’s handling of economy at town hall is laid off


Back in September, at a town hall meeting broadcast nationally by CNBC, Velma Hart became the face of Americans anxious for their future. Hart stood before the microphone and gave President Obama a dressing-down about the state of the economy.

"I am a chief financial officer for a veterans service organization, AmVets here in Washington. I'm also a mother, I'm a wife, I'm an American veteran, and I'm one of your middle-class Americans," Hart told the president. "And quite frankly, I'm exhausted. I'm exhausted of defending you, defending your administration, defending the mantle of change I voted for, and deeply disappointed with where we are right now. I've been told that I voted for a man who said he was going to change things in a meaningful way for the middle class. I'm one of those people and I'm waiting, sir, I'm waiting. I don't feel it yet."

[Rewind: 'Exhausted' Hart joins chorus in Obama's very bad week]

You can watch the video of Hart's remarks in the clip above.

Hart also noted that she and her husband were worried about reverting back to the "hot dogs and beans era" of their lives, and asked the president a pointed question: "Is this my new reality?"

[Opinion: A rebuttal to Velma Hart]

Sadly, it may be, at least for a little while, as Velma Hart has been laid off by AmVets.

"It's not anything she did," Jim King, the national executive director of AmVets, told the Washington Post's Michelle Singletary. "She got bit by the same snake that has bit a lot of people. It was a move to cut our bottom line. Most not-for-profits are seeing their money pinched."

[Related: Jobless claims rise, but bigger trend offers hope]

Saying that Hart had been a "good employee," King added that the move "was just a matter of looking at the bottom line and where could we make the best cuts and survive."

[Rewind: 'Rent is too damn high' candidate captures spotlight]

President Obama, in closing his lengthy response to Hart's "new reality" question at the town hall in September, assured Hart that the country is "moving in the right direction." That's probably an especially tough case to make to Hart today. (Hart told The Lookout through a friend that she's unavailable for comment Tuesday.)

Hart, did however, tell CNBC that her misfortune has again brought home the suffering of many other Americans struggling with the same circumstances. "What's in my heart is: Now -- even more than I did before -- I appreciate what millions of people who are in my condition now have been experiencing for the last two, three, four years," she said. "Of course I'm afraid. Everybody's a little afraid." She also stressed that she remains a supporter of President Obama.

North Korea shells South Korean island


North, South Korea exchange fire; 2 marines killed


INCHEON, South Korea – North and South Korea exchanged artillery fire Tuesday after the North shelled an island near their disputed sea border, killing at least two South Korean marines, setting dozens of buildings ablaze and sending civilians fleeing for shelter.

The clash, which put South Korea's military on high alert, was one of the rivals' most dramatic confrontations since the Korean War ended, and one of the few to put civilians at risk, though no nonmilitary deaths were immediately reported. Fifteen South Korean soldiers and three civilians were injured and the extent of casualties on the northern side was unknown.

The skirmish began when Pyongyang warned the South to halt military drills in the area, according to South Korean officials. When Seoul refused and began firing artillery into disputed waters, albeit away from the North Korean shore, the North retaliated by bombarding the small island of Yeonpyeong, which houses South Korean military installations and a small civilian population.

"I thought I would die," said Lee Chun-ok, 54, an islander who said she was watching TV in her home when the shelling began. Suddenly, a wall and door collapsed.

"I was really, really terrified," she told The Associated Press after being evacuated to the port city of Incheon, west of Seoul, "and I'm still terrified."

South Korea responded by firing K-9 155mm self-propelled howitzers and dispatching fighter jets. Officials in Seoul said there could be considerable North Korean casualties. The entire skirmish lasted about an hour.

Each side has threatened the other against another attack.

The escalating tensions focused global attention on the tiny island and sent stock prices down sharply worldwide. The dollar, U.S. Treasury prices and gold all rose as investors sought safe places to park money. Hong Kong's main stock index sank 2.7 percent, while European and U.S. stock indexes fell between 1 and 2 percent. The Dow Jones industrial average fell 165 points in afternoon trading, or 1.5 percent.

South Korean President Lee Myung-bak, who convened an emergency security meeting shortly after the initial bombardment, said that an "indiscriminate attack on civilians can never be tolerated."

"Enormous retaliation should be made to the extent that (North Korea) cannot make provocations again," he said.

The United States, which has more than 28,000 troops stationed in South Korea, condemned the attack. In Washington, White House Press Secretary Robert Gibbs called on North Korea to "halt its belligerent action," and said the U.S. is committed to South Korea's defense.

U.N. Secretary-General Ban Ki-moon condemned North Korea's artillery attack, calling it "one of the gravest incidents since the end of the Korean War," his spokesman Martin Nesirky said. Ban called for "immediate restraint" and insisted "any differences should be resolved by peaceful means and dialogue," the spokesman said.

The supreme military command in Pyongyang threatened more strikes if the South crossed their maritime border by "even 0.001 millimeter," according to the North's official Korean Central News Agency.

South Korea holds military exercises like Tuesday's off the west coast about every three months.

A statement from the North said it was merely "reacting to the military provocation of the puppet group with a prompt powerful physical strike," and accused Seoul of starting the skirmish with its "reckless military provocation as firing dozens of shells inside the territorial waters of the" North.

Government officials in Seoul called North Korea's bombardments "inhumane atrocities" that violated the 1953 armistice halting the Korean War. The two sides technically remain at war because a peace treaty was never signed, and nearly 2 million troops — including tens of thousands from the U.S. — are positioned on both sides of the world's most heavily militarized border.

The exchange represents a sharp escalation of the skirmishes that flare up along the disputed border from time to time. It also comes amid high tensions over the North's apparent progress in its quest for nuclear weapons — Pyongyang claims it has a new uranium enrichment facility — and six weeks after North Korean leader Kim Jong Il anointed his youngest son, Kim Jong Un, as the heir apparent.

"It brings us one step closer to the brink of war," said Peter Beck, a research fellow with the Council on Foreign Relations, "because I don't think the North would seek war by intention, but war by accident, something spiraling out of control has always been my fear."

Columns of thick black smoke rose from homes on the island, video from YTN cable TV showed. Screams and shouts filled the air as shells rained down on the island just south of the disputed sea border.

Yeonpyeong lies a mere seven miles (11 kilometers) from — and within sight of — the North Korean mainland.

China, the North's economic and political benefactor, which also maintains close commercial ties to the South, appealed to both sides to remain calm and "to do more to contribute to peace and stability on the peninsula," Foreign Ministry spokesman Hong Lei said.

Stephen Bosworth, the Obama administration's special envoy to North Korea, said he discussed the clash with the Chinese foreign minister and that they agreed both sides should show restraint. He reiterated that the U.S. stands firmly with its ally, South Korea.

Gen. Walter Sharp, commander of U.S. forces in South Korea and the U.S.-led U.N. Command, said in a Facebook posting that the U.S. military is "closely monitoring the situation and exchanging information with our (South Korean) allies as we always do."

Yeonpyeong, famous for its crabbing industry and home to about 1,700 civilians as well as South Korean military installations. There are about 30 other small islands nearby.

North Korea fired dozens of rounds of artillery in three separate barrages that began in midafternoon, while South Korea returned fire with about 80 rounds, South Korea's Joint Chiefs of Staff said. Naval operations had been reinforced in the area, the JCS said early Wednesday, declining to elaborate.

Two South Korean marines were killed and 15 injured, it said. Island residents fled to some 20 shelters on the island and sporadic shelling ended after about an hour, according to the military.

The Koreas' 1950s war ended in a truce, but North Korea does not recognize the western maritime border drawn unilaterally by the United Nations at the close of the conflict, and the Koreas have fought three bloody skirmishes there in recent years.

South Korea holds military exercises like Tuesday's off the west coast about every three months.

In March, a South Korean warship went down in the waters while on a routine patrolling mission. Forty-six sailors were killed in what South Korea calls the worst military attack on the country since the war.

Seoul blamed a North Korean torpedo, but Pyongyang denied responsibility.

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Wednesday, October 7, 2009

The Benefits of a Secured Loan

A secured homeowner loan is, as its name suggests, a loan secured against your property. Secured loans require no upfront survey, legal or other fees. The loan can be used for many uses, including paying off outstanding loans or credit cards and reducing your monthly repayments. Also, the loan can be used for home improvements, a new car, a wedding, a holiday or to inject cash into your business.

There are various specialist lenders willing to advance finance secured by way of a second charge against the your home over a term of between 5 and 25 years. Generally speaking, the maximum combined loan-to-value (LTV) of the existing mortgage, plus the proposed extra secured loan, should not exceed 90%. In fact, some lenders will restrict the maximum LTV to 80% if for business purposes.

As the finance lender would be second in the queue for security, this involves a slightly higher risk which means that a higher interest rate would be charged, the interest rate depending upon the applicant’s credit history. Although secured homeowner loans might be more costly in terms of the interest charged in some cases, the following advantages may apply.

  • A secured loan may usually be raised much faster than finance using a remortgage. Whereas it might typically take three weeks to arrange finance via a secured loan, it usually takes at least six weeks to remortgage.
  • The applicant may be tied to a mortgage lender offering a low interest rate for say 3 or 5 years, which might involve early redemption charges if the mortgage is redeemed prematurely. In using a secured loan, the mortgage can remain in place to avoid this charge.
  • Whilst the applicant may have a 25 year mortgage, they may not wish to extend his business finance for such a long term, which would be the case if they remortgaged.
  • Finance raised via remortgaging cannot be offset against the future profits of a business for tax purposes. However, a separate secured loan can be clearly identified as being for business use and offset against tax accordingly.

When thinking about applying for a secured homeowner loan, it is wide to consult with a professional loan broker who will search the market and source the best secured loan for you from a wide panel of lenders.

Tuesday, September 15, 2009

Raiders Got Screwed Out of 4 Points on Louis Murphy Overturned TD


First the tuck rule, now the “must have possession when hitting the ground” rule? It seems like the NFL is trying to screw the Raiders over every time they have a chance. With the game tied at 7 in the second quarter, JaMarcus Russell hit Louis Murphy with a 19 yard pass over the middle in the end zone. Murphy caught the ball cleanly, had possession for a few seconds, landed with both feet down in the end zone, and then it popped out as he hit the ground. It was a catch in every sense of the word and Murphy even jumped into the Black Hole to celebrate his first career TD, one that would have given the Raiders a 14-7 lead just before halftime. After a lengthy review, the officials came up with some bogus reason to nullify the score, making it 4th and 5 for the Raiders. They wound up kicking a field goal to go up 10-7, missing out on four points.

Much like the Bills earlier in the evening, the Raiders were surprising everyone by playing such a solid game, beating a team with whom they had struggled so many times before. And just like the Bills blew an 11 point lead with five and a half minutes to go, the Raiders blew their improbable lead with 2:34 to go. Had that Murphy TD counted as it should have, the Sproles TD would have only tied the game at 24, not given the Chargers the lead and the win. Then in overtime you could say the Chargers might have won it, but at least the Raiders would have had another chance to get the victory, one they deserved another shot at. Honestly, I don’t give a crap what rule the officials said was in effect; Louis Murphy caught a touchdown, end of story. Why the heck was that reviewed, much less overturned? Total bogus bullcrap.

Lastly, a few observations about the game: excellent Raiders debut for Richard Seymour. He’s not worth a first-round pick, but damn, he really improved that Raiders rush and pass defense and he made Al Davis proud. Next, it was impossible not to notice how infrequently LaDainian Tomlinson was on the field. Sproles was the go-to-back on the game-winning drive and LT really didn’t do much against a team he usually feasts on. He’s been going downhill for two years, make it three now.