Watchdog: Treasury overpaid for bank stocks

The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government watchdog said Thursday, taking further issue with the beleaguered $700 billion rescue program.

Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the bailout funds, told the Senate Banking Committee on Thursday that Treasury in 2008 paid $254 billion and received assets worth about $176 billion.....

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Source: my way news

The Very Sexy Rhian Alise

California's community colleges near the breaking point

In particular, many educators fear that an influx of new students will further reduce the ability of many community colleges to prepare students for transfer to four-year schools. The more savvy newcomers may shove aside some of the existing 2.5 million community college students, who are struggling to work toward a university degree from the bargain-priced, but strained, two-year system, officials say...

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Source: la times

Threat of War: President Obama Forced To Back Down....

The European Union warned the US yesterday against plunging the world into depression by adopting a planned “Buy American” policy, intensifying fears of a trade war....

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Source: timesonline

World Heading for a 'Depression', Gordon Brown

Gordon Brown appeared to acknowledge for the first time today that the world economy was heading for a 1930s-style "depression".

Mr Brown stumbled slightly over his words at Commons question time, just a week after admitting that Britain was facing a "deep" recession....

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Source: timesonline

As Cancer Spreads,'Patrick Swayze 'says goodbye

ACTOR Patrick Swayze has reportedly started saying goodbye to family and friends after learning his cancer has spread to his liver.

"Patrick recently got word that the cancer had spread to his liver and that is what his doctors said would begin the countdown to the end," a source told National Enquirer magazine....

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Source: news.com.au

Man Threatened To Use Infected Needles On Flight Crew

Jitendra Kumar Mohala, a 42-year-old chartered accountant, who claimed to be an armed hijacker onboard a Delhi-bound flight from Goa,reportedly claimed to be different things - a DGCA official, a sky marshal, a pilot.

But nothing was as scary as his claim of being a hijacker. "He claimed to belong to a terror group called Maula and told an air hostess that he was carrying a pouch of infected needles that, if pricked, could sedate people. He also tried to reach out to one crew member’s neck and point to a nerve that is cut to make people bleed to death," said sources....

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Source: the times of india