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| The sun was popping out in New England Wednesday, as New Englanders did start to assess the damage caused by the region's worst flooding considering that the 1930s. Police reported a single fatality, a 59-year-old man whose body is discovered in a partially submerged car north of Boston.The rivers now recede, and the weather is improving, reports CBS News correspondent Sharyn Alfonsi. However, numerous dams were being watched closely.Forecasters predicted scattered showers would persist throughout the region through the weekend, though the rains should be lighter, with most areas seeing more sun than clouds."There's pleasant weather on tap," said Charlie Foley, a meteorologist for the National Weather Service.State officials ready to apply for federal help following a week of rain drove no less than 2,500 individuals from their homes, flooded businesses, closed schools and washed out hundreds of roads in Massachusetts, Maine and New Hampshire.Gov. Mitt Romney said damage would exceed "tens of millions" in Massachusetts alone. He said he was waiting for a precise calculation of harm before applying for federal assistance.Several dams were in danger of collapse in Massachusetts. In Amesbury, a side wall from the Millyard Dam downtown gave way in the event the river swelled through the heavy rains, reports Teri Adler of CBS station WBZ-TV. When it totally collapses, debris like trees could reroute water into the downtown areas. Trees at the river bank appeared to be cut down."Worst case scenario is we have a catastrophic failure from the dam," said fire chief William Chute. "We got a chance to the point where we thought it was going to hold today also it didn't."In New Hampshire, some towns still faced the possibility of flooding and also were closely watching dams. Crews breached one dam over the Newfound River in Bristol night to relieve pressure and avoid flooding downtown. Another dam upstream had loose bolts, prompting authorities to evacuate 200 to 400 families and businesses.Over the coast, 1,300 everyone was evacuated from Newmarket, N.H., as the fire chief nervously watched the raging Lamprey River put stress on the Old Newmarket Dam.In Maine, roads reopened and the threat eased two dams on the Salmon Falls River."These damns will be in place many of them for more than 100 years with minimum maintenance," engineer Scott P. Cahill of Watershed Services, Inc., told CBS News. A 2006 study found the country's dams are in disrepair and dangerous."The eventuality of all this is if we do not get ahold of it, we're going to see cascading failures and fatality across the eastern U.S.," said Cahill.There were good news for Boston-area commuters north from the city: U.S. Route 1 southbound reopened after being closed stay because of the flooding. However, the northbound portion between Peabody and Revere remained closed.The heavily traveled highway, lined with stores and restaurants, most of which have closed, has resulted in commuter headaches as drivers sought alternate routes interior and exterior Boston.Jeffrey Saba of Lowell, Mass., knew there was a garage packed with leaf blowers and lawn mowers somewhere in the murky water below.And like 1000s of New England residents whose businesses and homes were flooded by record rainfall, he knew he to wait to reach them."We face a battle now," said Saba, 42, a landscaper who used a 20-foot canoe Tuesday to check his swamped home near the Merrimack River. "The next week will be just a waiting game."Chambers of commerce down the York County coast, one of the epicenters of Maine's summer tourism industry, expressed confidence that hotels, restaurants and other attractions would be ready for Memorial Day weekend.In Topsfield, police identified the dead man as James M. Elderkin of Derry, N.H. His car is discovered in 3 feet water on a flooded road which had been closed for several days. An autopsy was planned for Wednesday.In Haverhill, Mass., officials attempted to repair a sewage pipe that was dumping 35 million gallons of waste per day into the Merrimack River. State environmental officials said there was no immediate threat to public health from the break, and a temporary fix needs to be complete Friday. ugg boots tall
Background and analysis by CBS News State Department reporter Charles Wolfson. Election Day is merely around the corner, and after almost 2 yrs of non-stop campaigning the country will find out whether John McCain or Barack Obama will call the White House home for one more four years. For the winner and his awesome supporters, victory will be seen as validation in the long political struggle. But make no mistake, the "spoils" of victory have strings attached. The good news is simply claiming victory. Unhealthy news is the Oval Office comes fully stocked using a long list of foreign and national security-related problems which demand almost full-time attention from First day, including ongoing wars in Afghanistan and Iraq, Pakistan on the verge of economic collapse, a Middle East peace process with only the smallest signs of forward movement, a government in Iran with nuclear ambitions and Russia pushing back against America's influence in Central and Eastern Europe. Clearly the continuing global economic meltdown comes with an impact not only all of its own but also on these issues. America's NATO allies, that have sent their troops to help you fight the Taliban and al Qaeda in Afghanistan, have interests to protect for both economic and military fronts. China, which holds billions in U.S. debt cannot be ignored, nor should it be.Officially there will be a transition period for your incoming administration. Hawaii Department and other agencies are preparing detailed briefing books at hand over to the incoming political appointees whilst senior members of the foreign and civil service happen to be in place to smooth the transition. The recent past tells us that a new secretary of state will likely be appointed quickly, possibly even confirmed by the Senate on inauguration day. But his/her deputy along with the other senior officials which will eventually make policy inside the new administration take for a longer period to be nominated, confirmed and find their way to decision-making meetings. The nomination and confirmation process should go on for several months to start but none of the problems around the desk in the Oval Office will wait, as the upcoming Global Economic Summit on Nov. 15 demonstrates. Twenty countries -- from your G-7 industrial giants to such developing economies as China and India -- will be represented in the gathering in President George W. Bush has organized to take place in Washington. Question for America's new president: is the best way to reassure foreign leaders to take a seat at the table yourself, or merely send a senior representative? When the newly-chosen president leaves it to Mr. Bush alone to steer American policy for the next two months, then others at the table will question whether what they decide will have the backing with the new president. If he is doing join the discussion, will one other heads of government hear Mr. Bush or to the man who is gonna take his place? A senior European official in Washington characterized the necessity to work together on the global financial crisis by saying, "everyone understands we all have been on the same ship and now we need to find a way to stabilize that ship. It is not only economic and financial, it's also political."Another question relates to Iraq. For months the Bush administration and also the Iraqi government have been negotiating a so-called SOFA, or status of forces agreement. Under what rules will American troops operate following your United Nations mandate finishes at the end of December? Will Iraqis hold the legal right to prosecute individuals the U.S. military for acts committed on Iraqi soil? While the negotiators have reached agreement there are many in the Iraqi political spectrum who desire amendments. Will Baghdad make an effort to get a better deal by looking forward to the new president, and if so, how can U.S. forces operate until some decision is reached? A senior Iraqi official conceded there are those in Iraq who are playing for political gain and some are being influenced by Iran to sink any deal. It really is another negotiation going down to the wire.Thus, on the other hand America's new leader has been chosen with increased discussion concerning how to send more troops to Afghanistan in order to avoid a victory by the Taliban and less talk about how fast to drag our troops away from Iraq, while on the other hand we are totally consumed by a monetary downturn the size of a tsunami.Congratulations, Mr. president-elect. In case you thought winning the White House was a tough road to travel, just hold off until you move in. black mulberry
President Bush worked to reassure Americans on Monday regarding the economy but said "there's definitely some storm clouds and concern" due to nation's credit crunch and mortgage problems."But the underpinning is good," Mr. Bush told business and community leaders with a gathering of Rotary Club members."We've had a pretty good economic run," obama said in a speech designed to show he is alert to the public's edgy mood currently. Consumer confidence has eroded as turmoil within the housing and credit market have battered the economy.Mr. Bush attemptedto position himself as an advocate for working families by taking target his favorite target: the Democratic Congress."The Congress cannot take economic vitality as a given," Bush said."The most negative thing Congress are able to do in the face of economic uncertainty is always to raise taxes around the American people," Mr. Bush said.Through the appearance, Mr. Bush also confirmed the us government will again use military air lanes for a few commercial flights over Christmas. The Transportation Department is required to formally announce a repeat of the strategy that was used over Thanksgiving, reports CBS News White House correspondent Peter Maer.The Transportation and Defense departments operate on a final plan for the days and times when some East Coast air space, normally restricted to the military, will likely be cleared for commercial flights. Officials say an estimated 100 commercial flights used the military space in the busiest times at the end of November. That is a portion of the total number of flights in mid-air but the administration contends the strategies helped ease congestion.Meanwhile, the viewers of roughly 80 people heard Mr. Bush with respectful silence. Yet a line that normally gets him applause - "I'll veto any tax increase" - drew no reaction in any respect.Mr. Bush decided to highlight positive economic news, like job growth. "People are working; productivity is high," Mr. Bush said.He acknowledged the country's major economic woes - mainly the housing and recession - in the context of explaining what his administration does to help."We can mitigate some of the issues," Mr. Bush said."I only want to let you know we've got something. And Congress might help," the president said, citing a listing of bills he's proposed to lawmakers.Mr. Bush spoke with the Yak-A-Doo's restaurant inside a Holiday Inn.The White House wished to keep the flavor with the local Rotary meeting, there was no banner or backdrop. Mr. Bush wasn't even introduced; he just showed up, drawing a round of applause. The Christmas music being piped had not been cut off until someone pointed that out.The president watched silently as club members offered a truncated sort of their normal business routine, providing the Pledge of Allegiance along with a prayer.After months of bickering with Congress, Mr. Bush pronounced himself pleased about the shape of spending levels that Congress is predicted to approve immediately. He said any measure must include money for troops in Iraq and Afghanistan."We're making some very good progress toward creating a fiscally sound budget," Mr. Bush said. He stated that the next couple of days "will be interesting to watch." jimmy choo ugg boots uk
This column was written by Victor Davis Hanson. Americans for weeks wakened and went to bed to news updates about Anna Nicole Smith's death as well as the fate of her daughter.Then, we seemed to go into near national paralysis over Don Imus' "hos" slur — yes, including this writer, who wrote half a column on his arrogance.However actor Alec Baldwin came to the rescue screaming, "Pig!," at his poor 11-year-old daughter — and, naturally, accepting Dr. Phil's televised offer of intervention.The press run with this trivia given that they know it will hook viewers. But why do we care about this transient fluff? After all, it's not as if there wasn't real news this spring.To recap just some of what's been happening while we waste our time following spats between Rosie O'Donnell and Donald Trump:We are reaching the 11th hour in Iraq, as Gen. David Petraeus surges troops to secure Baghdad and stabilize a fragile democracy before the Democrats cut off funds to the war effort. Al Qaeda in Iraq attempts to pull off as many spectacular attacks as possible to demoralize Americans. The future of much of the Middle East hangs in the balance.Last week, jihadists who have been planning to blow up an oil field in Saudi Arabia were arrested. And in accordance with a leaked memo from British intelligence, others plot new major attacks.Our erstwhile ally Europe is that great best and worst of that time period. A strong euro cannot hide static economic growth, high unemployment, unassimilated minorities and little defense capability. Europeans have little confidence in either their spiritual or material defenses to shield against an unpredictable Russia, a nuclear Iran or al Qaeda's next-generation plans for mass destruction.Talking about Russia, it is suddenly rich beyond belief. It may soon pump 10 million barrels of oil each day — much of it obsessed about the world market at sky-high prices. Russia already supplies Europe with half its daily natural gas needs.And as the Russian government gets more repressive at home, it showcases its new energy clout abroad. A bullying Vladimir Putin threatens former Soviet republics with gas cut-offs and Estonia with diplomatic isolation. He warns NATO countries to not participate in American led-missile defense. Russian dissidents mysteriously are murdered at home and abroad. Why reform its politics or economy when Mother Russia can grow rich hawking oil?Iran is more dangerous, vowing both to become nuclear power and wipe out Israel. Until then, it is busy supplying Hezbollah and Hamas terrorists, kidnapping sailors, and fabricating bombs to kill Americans in Iraq.Meanwhile, the usa keeps borrowing to meet its enormous consumer and oil appetites. Japan and Chinese have, combined, stockpiled over the trillion dollars from indebted Americans. Either nations will inevitably adopt an assertive foreign policy to think their financial leverage over the U.S.Despite politicians' rhetoric about energy independence, Americans made no progress in curbing our enormous oil appetite, which is the reason for 25 percent of the world's daily consumption.We incur debt to purchase imported petroleum, while ensuring astronomical world oil prices. That hurts poor nations and results in billions of dollars pouring to the most unstable and hostile governments in the Middle East — and finally to terrorists themselves.There are more than 11 million illegal immigrants in the United States. Thousands took to the streets on May Day to demand new rights. Each of us squabble over border defense, increased security, guest workers, verifiable IDs, amnesty and earned citizenship, tens of thousands more aliens come illegally in to the United States every year.People and its leaders know these complaints cannot continue unaddressed — nevertheless we fear the bitter medicine ahead far more than suffering with the existing chronic illness.But let's say al Qaeda lets off a grimy bomb or fills up an oil field, or if perhaps Americans flee Iraq, or if perhaps Russia decides to cut off natural gas to Europe or reabsorbs one among its bothersome former republics? We attempt to hear and see no evil, yet it's not far-fetched to suggest that future world events could quickly affect the lives of millions.So why then fixate on Anna Nicole, Rosie, Imus, and Alec?Simple — these are modern equivalents from the grotesque carnival freak demonstrates used to provide a perverse a sense escapism from what people dare not face. Yet as our addiction to such tabloid distraction grows, so, too, carry out the real dangers that people ignore.The ghost of Anna Nicole, foul-mouthed Rosie, and trash-talking Imus come to be the best friends Ayman al-Zawahiri, Mahmoud Ahmadinejad, and Vladimir Putin have.By Victor Davis Hanson Reprinted with permission from National Review Online mulberry seth
NEW YORK (MarketWatch) -- U.S. stocks were mostly lower Thursday, although the market remained poised for slight gains within the month of July, as economic concerns resurfaced after data showed weaker growth than expected in the second quarter and a big jump in jobless claims."The data were a little disturbing, especially jobless claims that near critical level," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. "The GDP also came out short of expectations, as well as the general feeling is the fact that now the <tax> stimulus is finished, what comes next?"The Dow Jones Industrial Average was down 92 points, or 0.8%, to 11,491, with 20 of their 30 components retreating. The blue-chip average still sat on 0.8% gain for that month of July.Among blue chips, shares of Dow component Exxon Mobil Corp. fell 3.3% following your oil giant's earnings surged 14% but nonetheless missed analysts' expectations. From the Dow, Royal Dutch Shell fell after also missing estimates.The vitality sector was under heavy selling pressure as crude futures slumped 2.6% after surging on Wednesday. The S&P 500 Index was down 5.6 points, or 04%, one,278, led lower by a couple.5% drop in the energy sector. While consumer-discretionary stocks got a reprieve from falling oil, the financial sector also gave back several of its strong gains from Wednesday.The S&P remained up 0.3% for the month of July.Shares of Disney Co. , another blue-chip stock, slumped 4% even with the company reported a greater fiscal third-quarter profit than expected. Automobile Corp. fell 0.5% after Standard & Poor's cut its ratings for the automaker, along with those of Ford Motor Co. the ones of Chrysler LLC.The Nasdaq Composite Index remained higher, gaining 11 points, or 0.5%, to 2,341. The technology-heavy index has still gained 2% in July.Tech shares received a good start from Motorola Inc. , whose shares jumped 7% following the mobile-device maker said that it swung into a second-quarter gain of $4 million, or break-even per share, coming from a loss of $28 million or perhaps a penny a be associated with the year-ago period. Wall Street analysts forecast a loss of revenue of 4 cents a share on revenue of $7.7 billion, as outlined by a survey by FactSet Research. EconomyThe Commerce Department declared growth rose 1.9% within the second quarter, below the 2.3% expected from economists surveyed by MarketWatch. Growth in the first quarter and fourth quarter of 2007 also were revised lower. Separately, the Labor Department declared initial claims for unemployment benefits jumped up 44,000 to 448,000 in the week ended July 26. Elsewhere, ImClone Systems Inc. surged after Bristol-Myers Squibb Co. offered $60 a share, or $4.5 billion due to the partner on the Erbitux drug.Shares of MasterCard Inc. gained after news late Wednesday that this company will be included with the S&P 500 Index on July 1 and after reporting a better than forecast surge in adjusted profit.Starbucks Corp. rose after the coffee retailer offered a positive frame-of-mind late Wednesday on its restructuring. Shares of Akamai Technologies were off 20% following the Web-software firm met earnings expectations but saw revenues disappoint. U.S. stocks closed sharply higher on Wednesday, continuing a rally in the previous session after a stronger private-sector jobs report than expected helped offset a rebound in oil prices. The Dow industrials rose 186 points, the S&P 500 rose 21 points and also the Nasdaq added 10 points. By Nick Godt Kids Ugg Bailey Button
This article was written by CBS News producer Phil Hirschkorn. Education Finance Partners, a private student loan company located in San Francisco, is the first target of lawsuits to become brought by New York Attorney General Andrew Cuomo alleging "unlawful and deceptive acts and practices" that Cuomo claims hurt students and fogeys who borrow money to purchase college.At a news conference in the Lower Manhattan office Thursday afternoon, Cuomo announced his intent to file a lawsuit and seek restitution from EFP concerning its financial agreements with over 60 universities round the country."EFP has repeatedly and persistently provided to make payments, and has in fact made payments, to colleges, universities, and vocational schools in exchange for these schools steering students to EFP loan products and placing EFP about the schools' 'preferred lender' lists," said a letter sent by Cuomo's office to Tamera Briones, EFP's founder and CEO."Such steering and on the preferred lenders lists occurred without disclosure to student borrowers and their parents," the letter added. Cuomo gave EFP five working days to furnish information that will dissuade him from filing the civil suit. Briones said she was "surprised and dismayed" at his move. "We understood that Mr. Cuomo's investigation was at its early stages, and now we were cooperating fully with his office," Briones said in the written statement. "We question whether the Attorney General's office is set on learning all of the facts and whether there's been an actual violation of law."Cuomo says universities that have agreements with EFP include: Baylor and Texas Christian, in Texas; Drexel and Duquesne, in Pennsylvania; Clemson, in South Carolina; Pepperdine's business school in California; the University of Mississippi; Washington University, in St. Louis; and Boston University. The brand new York state schools by using these agreements include Fordham, St. John's, Union College, and Ny University, Cuomo says."Fordham will no longer participates in revenue-sharing opportunities with EFP or some other student loan firm," said spokesman Bob Howe. "It became apparent the modest good it prepared for a small number of students could be outweighed by the perception it had become an inappropriate practice."In exchange for loan business, according to Cuomo, EFP pays schools a percentage of the net value of the total loans referred in a given academic year, an arrangement the attorney general calls "kickbacks" that they says can inflate loan rates and cost borrowers more.Briones rebutted that contention, saying, "The price to the borrower is based on the borrower's risk profile, not if the student attends a faculty that participates inside the program." She also said EFP does disclose its revenue-sharing deals.In accordance with Cuomo, Boston University receives .25 % of the net value of loans known as EFP totaling $1million to $5 million; .Fifty percent of the net price of loans totaling $5 million to Millions of; and .75 percent of loans exceeding $10 million."We never signed this kind of agreement," said Colin Riley, BU's Director of Advertising. "In fact, EFP asked us to sign an agreement to actively promote them, and we refused."According to Riley, during the past two years, EFP paid the teachers a $1,500 service fee for helping process $1.5 million in loans, half the $50 million BU students borrowed for the reason that time, mostly through the federal government. Riley said BU didn't have preferred private lenders and gave EFP no preferential treatment.Duquesne's agreement with EFP provides the school .60 percent in the net value of referred loans, confirmed spokeswoman Bridget Fare. After receiving its first query from Cuomo on Thursday, the school posted a "clarification" to its financial aid Web site acknowledging its "limited commission" from loans steered to EFP, PNC Bank, and Citizens Bank. Fare told CBS News, "We take access and affordability to higher education very seriously, which is the reason any monies collected form these agreements are put right back into need-based grants." no previous page next 1/2 ugg boots classic short
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