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Government shuts down mortgage lender IndyMac

LOS ANGELES - IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
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The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.

Phil Gramm Is Right

"In serious consideration for ambassador to Belarus." That's the role John McCain joked that former senator Phil Gramm might have in a McCain administration. Gramm is McCain's most senior economic adviser, the one best qualified to lead the finance team of a McCain presidency. Now, however, Gramm faces political exile because he made the mistake of telling the truth.

I've been an oil man all my life

America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war.

I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil.

Fannie and Freddie are gonna need a bail out?

Fannie Mae and Freddie Mac, the two biggest providers of financing for US home loans, tumbled to the lowest in 17 years in New York trading after a former Federal Reserve president said the companies may need a government bailout.

Fannie Mae and Freddie Mac tumble on insolvency fears

Delta severs Toledo connections

Delta Air Lines announced yesterday that it will discontinue all passenger service to and from Toledo Express Airport, leaving the airport with only three airline carriers by this fall and daily flights to just two cities.

120-employee Kmart to close in Defiance

DEFIANCE — A Kmart store at 190 Stadium Dr. in Defiance is to close this fall, taking with it the jobs of 120 workers.

http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20080708/BUSINESS0...

Having been employed as a tech who performed service in Kmart's as well as the other big box stores, the closure comes as no surprise, although I thought it would been sooner than this.

McCain touts plan to create jobs, help workers

PHOENIX (AP) — Republican presidential candidate John McCain acknowledged the steep drop in U.S. jobs and said he would help the economy by cutting taxes, encouraging free trade, building nuclear power plants and launching other initiatives.

Bowling Green State University program helps people, institutions get rid of mercury

BOWLING GREEN - In the last 10 years, David Heinlen and his co-workers have collected more than 11 tons of mercury.

That's 11 Volkswagen Beetles, 22 standard-sized refrigerators, or 4,500 Apple MacBooks.

Chrysler status shaky, analyst says

"DETROIT - Faced with soaring gas prices, a sputtering economy, and rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to seek bankruptcy or sell its Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday.

But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010."

Police wnt u to fight crime w/txt msgs

TAMPA, Fla. - Police in the 1970s urged citizens to "drop a dime" in a pay phone to report crimes anonymously. Now in an increasing number of cities, tipsters are being invited to use their thumbs — to identify criminals using text messages.

Police hope the idea helps recruit teens and 20-somethings who wouldn't normally dial a Crime Stoppers hot line to share information with authorities.

Troy Neff Show: BUNNY RANCH BEATS THE BAGGAGE BLUES!

Due to American Airlines recent announcement that it will charge customers $15 to check their first piece of luggage,the World-Famous BunnyRanch, and location of the hit HBO series “Cathouse,” has announced that it will reimburse any American Airlines customer $15 who shows their baggage claim stub at the brothel.

Get ready for utility price shock- More good news!

(Cleveland) - Prepare for a steep rise in your utility bills. So says Richard Lubinski, president of Think-Energy Management in Silver Lake, near Akron.

Is Everything Seemingly Spinning out of Control? Or is there spinning?

The Toledo Free Press is asking if things are spinning out of control. What do you think?

You can read the original piece at:
http://abcnews.go.com/US/wireStory?id=5217875

You can read what others have to say in the area:
http://www.toledofreepress.com/?id=8144

A great observation/response by Ohio Blogger, Tom Blumer can be read at:

Second Amendment Upheld

Tagged:  

http://www.breitbart.com/article.php?id=D91HS2EO0&show_article=1

Supreme Court says Americans have right to guns

WASHINGTON (AP) - The Supreme Court ruled Thursday that Americans have a right to own guns for self-defense in their homes, the justices' first major pronouncement on gun rights in U.S. history.

Congress pressing Bush to block, reverse Iraqi oil deals

WASHINGTON, June 24 (UPI) -- U.S. congressional leaders are pressing the Bush administration to block deals to be signed between the Iraqi federal government and the world's largest oil companies and to cancel deals between the Iraqi Kurdish region and smaller U.S. oil firms.

Housing rescue plan passes key Senate test

WASHINGTON - A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.

Marathon Oil Begins Detroit Refinery Upgrade

June 20, 2008 -- Marathon Oil Corp. today announced that construction of the estimated $1.9 billion heavy oil upgrading project at its Detroit refinery is under way following issuance of an air quality permit by the Michigan Department of Environmental Quality (MDEQ).

McCain Reiterates Opposition to Drilling in Wildlife Refuge

MINNEAPOLIS — Senator John McCain reiterated his opposition to drilling for oil in the Arctic National Wildlife Refuge on Thursday, a day after his statement that he would be willing to “go back and look at it again” sparked speculation among both opponents and proponents of drilling that he might change his mind.

Why flooding worsens

Up and down the flood-ravaged river valleys of the upper Midwest, high water has inflicted billions of dollars of damage to homes, businesses, and crops. It has displaced tens of thousands of families and brought immeasurable suffering. It has also brought a new concern for the region’s river towns and cities: Flooding in the Midwest seems to be getting worse.

Tim Russert Was Also a Christian

I didn't really watch Face The Nation, but whenever I saw Tim Russert being a moderator or in an interview, I liked him. I wasn't aware of his strong faith in Jesus. I found this article here: http://www.assistnews.net/Stories/2008/s08060084.htm

Saturday, June 14, 2008

A Good Man!

By Ken Joseph Jr.

Special to ASSIST News Service

 

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