Friday, October 11, 2013

JP Morgan Posts Loss Ahead Of Expected Fines


JP Morgan Chase reported something unusual today: a loss. The bank has been forced to set aside a huge cash reserve to cover expected fines and related legal costs. In the most recent quarter, the set-aside was so large — $9.1 billion — that it produced a net loss for the bank.


Source: http://www.npr.org/templates/story/story.php?storyId=232238881&ft=1&f=1006
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Saturday, July 20, 2013

Kerry presses formula for resuming Mideast talks

AMMAN, Jordan (AP) ? U.S. Secretary of State John Kerry stepped up his drive Friday to get Israelis and Palestinians back to the negotiating table, facing Palestinian reluctance over his formula for resuming peace talks after nearly five years.

Kerry held more than 90 minutes of talks Friday morning with chief Palestinian negotiator Saeb Erekat in the Jordanian capital Amman, then was planning to meet Palestinian President Mahmoud Abbas in the West Bank town of Ramallah, a U.S. official said.

Kerry's helicopter trip to Ramallah was delayed for at least two hours. No explanation was given, and the U.S. diplomat continued phone contacts in the meantime. Still, a Palestinian official confirmed that Kerry was set to meet Abbas later Friday. Both officials spoke on condition of anonymity because they were not authorized to brief reporters.

At a stormy late-night meeting of their leadership Thursday, Palestinians balked at dropping a main condition for talks with the Israelis. They demand a guarantee that negotiations on borders between a Palestinian state and Israel would be based on the cease-fire line that held from 1949 until the 1967 war, when Israel captured the West Bank, Gaza Strip and east Jerusalem. Israel withdrew from Gaza in 2005.

Israel rejects preconditions on the talks, and the split casts a cloud of uncertainty over months of U.S. mediation efforts.

Hoping to push Israelis and Palestinians toward talks, President Barack Obama asked Israeli Prime Minister Benjamin Netanyahu to work with Kerry "to resume negotiations with Palestinians as soon as possible," according to a statement released by the White House late Thursday.

Previous Israeli governments twice negotiated on the basis of the 1967 lines, but no peace accord was reached. Besides disagreeing over how much land to trade and where, the two sides hit logjams on other key issues, including dividing Jerusalem and the fate of Palestinian refugees.

Netanyahu has given lukewarm endorsement to the idea of a Palestinian state but has not delineated his vision of boundaries, while demanding that the Palestinian recognize Israel as the Jewish state. Palestinians reject that, concerned that it would undermine their claims that millions of refugees and their descendants have the right to return to their original homes, lost in the 1948-49 war surrounding Israel's creation. Israel has rejected that claim outright.

After their late-night meeting, the Palestinians did not bring up their often-repeated demand that Israel stop building in Jewish settlements in the West Bank and east Jerusalem before talks could resume. One official said that if Israel accepts the 1967 lines as a basis, that would make most of the settlements illegitimate.

While Kerry has not publicized details of his plan, an Arab League decision Wednesday to endorse his proposal raised speculation that the Palestinians would agree. Abbas traditionally has sought the blessing of his Arab brethren before making any major diplomatic initiative.

Ahmed Majdalani, a Palestinian leader, said Kerry has proposed holding talks for six to nine months focusing on the key issues of borders and security arrangements.

He said Kerry would endorse the 1967 lines as the starting point of negotiations and assured the Palestinians that Israel would free some 350 prisoners gradually in the coming months. The prisoners would include some 100 men that Israel convicted of crimes committed before interim peace accords were signed in 1993. Israel has balked at freeing these prisoners in the past because many were convicted in deadly attacks.

Although the plan does not include a settlement freeze, it was not clear whether Israel would accept any reference to the 1967 lines.

Israeli Cabinet minister Yair Lapid said it was "too early to say" whether Kerry had found a formula for talks.

"Secretary Kerry has done a tremendous job in trying to put both sides together," he told The Associated Press. "Of course Israel is more than willing and has expressed its agreement to go back to the negotiation table, but apparently it's going to take a little more time."

While Israel has balked at Palestinian demands, the international community has largely rallied behind the Palestinian position on borders and Jewish settlements.

___

Daraghmeh reported from Ramallah, West Bank.

Source: http://news.yahoo.com/kerry-presses-formula-resuming-mideast-talks-135053517.html

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NBA: What opening day games will there be?...(fkn offseason)


Schedule doesn't come out until August they say. Who do you want to see play each other on opening night?

Marquee games will be any combination of...

Miami vs Brooklyn or Indiana

Chicago vs Miami

Brooklyn vs New York

Houston vs LA Lakers or Clippers

Houston vs San Antonio

Memphis vs OKC?

San Antonio vs Golden State

Golden State vs OKC

Source: http://www.spurstalk.com/forums/showthread.php?t=220073&goto=newpost

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Republican real estate developer Terrence Wall ready to buy up ...

And the sell-off of Wisconsin?s state-owned properties begins in 3?.2?.1?.

One of Wisconsin?s largest real estate developers wrote to Gov. Scott Walker to express his interest in buying several prominent state office buildings at the same time the Legislature was considering doing away with competitive bidding for such sales, according to newly released records.

Terrence Wall offered his cellphone number in the letter, urging that the ?appropriate person? call him to discuss possible deals for properties including the state crime lab, records obtained by The Associated Press show. Wall also offered his support for the change in the bidding process, an idea that originated with Walker.

Wall sent the letter on June 10. The Republican-controlled Legislature agreed 11 days later to allow no-bid sales of state properties over the objection of Democrats, who argued that it opened the door for political cronies to be cut special deals.

No doubt T. Wall will look to buy state properties, only to turn around and sell it back to the state for a profit years later, just like they did in Arizona.

Source: http://bloggingblue.com/2013/07/19/republican-real-estate-developer-terrence-wall-ready-to-buy-up-state-properties/

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Friday, July 19, 2013

Nondrinkers may have higher mortality risk than light drinkers, but reasons for abstaining make a big difference

[unable to retrieve full-text content]As a class, people who don't drink at all have a higher mortality risk than light drinkers. But nondrinkers are a diverse bunch, and the reasons people have for abstaining affects their individual mortality risk, in some cases lowering it on par with the risk for light drinkers, according to a new study. Scientists calculated the mortality risk for each subgroup compared with the mortality risk for light drinkers, and they found that the risks varied markedly.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/EX-hAr7CoEs/130719085257.htm

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Kung Fu Road Rage: Dude Goes Bruce Lee on Car, Gets Rear-Ended in Response

Source: http://www.thehollywoodgossip.com/2013/07/kung-fu-road-rage-dude-goes-bruce-lee-on-car-gets-rear-ended-in/

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New Belgium Brewery begins international distribution to Canada

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Source: http://www.coloradoan.com/article/20130717/BREWERY/307170025/-1/rss09

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