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Nervous traders wiped £28.5billion from the value of London’s leading shares index today as fears intensified that Greece will crash out of the euro.
Another day of turmoil on world markets saw the FTSE 100 Index close 2 per cent, or 110 points, lower at 5465.5 as attempts to form a coalition government in Greece continued to stutter.
The country is facing the prospect of another election next month after resistance from anti-bailout opponents left president Karolos Papoulias unable to broker a power sharing deal.
Uncertainty over Greece’s future in the eurozone hit financial stocks today as banks and insurers dragged London’s leading shares index to a fresh low for 2012.
Barclays was the biggest faller, down 6 per cent or 13p at 189.8p, while Royal Bank of Scotland dropped 1.1p to 21.9p, and Lloyds Banking Group shed 1.7p at 29.4p.
The market is off on continued global economy fears as eurozone industrial production fell and markets in China sold off. Shares of AAPL are off in early trading as investors worry about estimates for the quarter. Upcoming events include Tim Cook’s keynote at the D10 Conference on May 29 and Apple’s developer conference (WWDC) is slated to start June 11. Investors remain focused on iPhone penetration globally and the anticipated launch of the next generation iPhone in the fall; iPad adoption; market share growth of the Mac business as well as the upcoming refresh; the introduction of the anticipated Apple TV set; and platforms such as Siri, iAd and iBooks. Shares of Apple trade at 9.0x Enterprise Value / Trailing Twelve Months Free Cash Flow (including long-term marketable securities).
Mr Putin will return to the presidency after an absence of four years in which he served as prime minister. The outgoing President, Dmitry Medvedev, was widely seen as an ally of Mr Putin.
He won a third term as president in controversial elections in March.
On Sunday, thousands of protesters opposed to the inauguration clashed with police in Moscow.
Mr Putin will take the presidential oath at the Grand Kremlin Palace, in a hall that was once the throne room of the Russian tsars, the BBC’s Steve Rosenberg in Moscow reports.
If he completes his six-year term, Mr Putin will be the longest serving Russian leader since Joseph Stalin, our correspondent says.
However, Mr Putin faces many problems; the political system he created has been showing cracks, economic growth is forecast to slow, and violence in the volatile North Caucasus continues, he adds.
How he deals with the wave of opposition protests which broke out last December will also be a key test of his administration, correspondents say.
RETIRED/BORED HUSBAND
After I retired, my wife insisted that I accompany her on her trips to Target.
Unfortunately, like most men, I found shopping boring and preferred to get in and get out. Equally unfortunate, my wife is like most women – she loves to browse.
Yesterday my dear wife received the following letter from the local Target:
Dear Mrs. Harris,
Over the past six months, your husband has caused quite a commotion in our store. We cannot tolerate this behavior and have been forced to ban both of you from the store. Our complaints against your husband, Mr. Harris, are listed below and are documented by our video surveillance cameras:
1. June 15: He took 24 boxes of condoms and randomly put them in other people’s carts when they weren’t looking.
2. July 2: Set all the alarm clocks in Housewares to go off at 5-minute intervals.
3. July 7: He made a trail of tomato juice on the floor leading to the women’s restroom.
4. July 19: Walked up to an employee and told her in an official voice, ‘Code 3 in Housewares. Get on it right away’. This caused the employee to leave her assigned station and receive a reprimand from her Supervisor that in turn resulted with a union grievance, causing management to lose time and costing the company money.
5. August 4: Went to the Service Desk and tried to put a bag of M&Ms on layaway
6. August 14: Moved a ‘CAUTION – WET FLOOR’ sign to a carpeted area.
7. August 15: Set up a tent in the camping department and told the children shoppers he’d invite them in if they would bring pillows and blankets from the bedding department to which twenty children obliged.
8. August 23: When a clerk asked if they could help him he began crying and screamed, ‘Why can’t you people just leave me alone?’ EMTs were called.
9.. September 4: Looked right into the security camera and used it as a mirror while he picked his nose.
10. September 10: While handling guns in the hunting department, he asked the clerk where the antidepressants were.
11. October 3: Darted around the Store suspiciously while loudly humming the ‘ Mission Impossible’ theme.
12. October 6: In the auto department, he practiced his ‘Madonna look’ by using different sizes of funnels on his chest.
13. October 18: Hid in a clothing rack and when people browsed through, he yelled ‘PICK ME! PICK ME!’
14. October 22: When an announcement came over the loud speaker, he assumed a
fetal position and screamed ‘OHNO! IT’S THOSE VOICES AGAIN!’
15. Took a box of condoms to the check out clerk and asked where the fitting room was?
And last, but not least:
16. October 23: Went into a fitting room, shut the door, waited awhile, and then yelled very loudly, ‘Hey! There’s no toilet paper in here.’
One of the clerks passed out.
ENJOY YOUR WEEKEND AND KNOW THAT YOU ARE LOVED!
Lee, who last month left his post temporarily amid criticism of his handling of the Trayvon Martin case, had planned to step down permanently, according to CNN. The Sanford City Commission held a meeting Monday afternoon to vote on the resignation.
Sanford Mayor Jeff Triplett said he would wait until an investigation into Lee’s conduct is concluded before weighing in on the matter.
“I’m not ready to have him come back and run the police department,” Triplett told CNN. “But I don’t know if I’m ready for this either.”
Lee–who was harshly criticized for not arresting Martin’s shooter, George Zimmerman, on the night of the Feb. 26 shooting–initially announced he would step aside until the public furor receded.
“I am aware that my role as the head of the department has become a distraction,” Lee said at press conference on March 22. “I have come to the decision to temporarily remove myself.”
Capt. Darren Scott, who has served as interim chief during Lee’s absence, will remain in that position for now.
Zimmerman was released early Monday after posting a $150,000 bond.
He was fitted with an electronic monitoring device before leaving the John E. Polk Correctional Facility, the Seminole County Sheriff’s Office said.
North Korea’s military vowed a new and unusually specific threat to its neighbors, saying it would reduce South Korea “to ashes” in less than four minutes.
The statement, released Monday when programming was interrupted on North Korea’s state TV by a special report, comes amid rising tensions on the Korean peninsula.
Earlier this month, North Korea was unsuccessful in a long-range missile launch, prompting worries that North Korea may conduct another nuclear test. South Korean officials say new satellite images show that North Korea has been digging a tunnel in what appears to be preparation for a third atomic test.
According to the Associated Press, the statement from North Korea was unusual in promising something soon and in describing a specific period of time.
The North Korean military threatened to “reduce all the rat-like groups and the bases for provocations to ashes in three or four minutes, (or) in much shorter time, by unprecedented peculiar means and methods of our own style.”
For months the North has castigated South Korean President Lee Myung-bak and the conservative administration for insulting their leadership and criticizing a new cruise missile capable of striking anywhere in the south.
South Korean officials responded, urging North Korea to end the threats. “We urge North Korea to immediately stop this practice,” Unification Ministry spokesman Kim Hyung-suk said, according to the Associated Press. “We express deep concern that the North’s threats and accusations have worsened inter-Korean ties and heightened tensions.”
Although he made some great strides. His marriage was a sham, he didn’t connect with women. Did you know his best friend own slaves.
If you have Comcast TV, go to demand History & Nature – H2. There is a program by a scholar with investigations into the 10 things you didn’t know about Lincoln. Quite interesting.
In a dramatic moment on the House floor this morning, Illinois Rep. Bobby Rush (D-IL) was asked to leave the chamber after taking off his suit jacket and revealing that he was wearing a hoodie during a speech in tribute to Trayvon Martin.
Rush, who donned the hood and put on sunglasses in support of Martin, the Florida teenager who was gunned down last month in a racially-tinged incident, was escorted out of the House chamber after repeated requests by the presiding officer to leave. Wearing a hood or hat while the House is in session is against House rules.
“Racial profiling has to stop Mr. Speaker,” Rush said while taking off his suit jacket, “Just because someone wears a hoodie does not make them a hoodlum.”
Here’s the deal. I could almost go along with escorting Rep. Rush off the House floor because it’s a stunt cheapening this august body, but come on. The House Floor has seen some stunts in its day. Remember when the day after swearing in almost all of the incoming congresscritters, the Republicans decided to take the day to read the Constitution, only they read just the parts they liked? Or when Louie Gohmert (always good for a cheap stunt or two) unveiled the “Obama Apology” chart on the House floor? Or when Eric Cantor brought forth legislation reiterating that our national motto is in fact … wait for it …our national motto? Good times.
So it’s perfectly fine for a congressman to decry abortion on the House floor, saying African Americans were better off during slavery. It’s perfectly legitimate for a congresswoman to question the patriotism of another congressman and Marine vet. It’s even acceptable to honor a muckraking liar who smeared Democratic institutions and employees.
But to point out viscerally that racial profiling is a life and death problem ?
That’s apparently a bridge too far………
Mary Mary’s (sisters Tina and Erica) new reality show debuts on the WE Network next week. Thursday March 29th is the debut of their show called Mary Mary. The show will feature the gospel stars as they juggle their careers and their ever growing families. The ladies have a new song out called Go Get It, which is the title track to their new album due out in May. Congrats to Tina Campbell from the duo. She is expecting her fifth child. Tina’s sister Erica gave birth to a baby girl a few weeks ago.
In more gospel news, BET is gearing up for the fifth season of Sunday Best. Joining Yolanda Adams and Donnie McClurkin at the judges table will be CeCe Winans. Winans is replacing Mary Mary
A Detroit business deal has gone belly up for Singer Keith Sweat. Sweat has some real estate in the motor city, but the homes went into foreclosure. The banks took the homes saying he defaulted on the loan, and now he still has to pay $250,000.
Get ready for more Rapper/Actor T.I. on TV. His reality show, The Family Hustle on VH1 with his wife Tiny, has been renewed for another season. Plus, he has signed on for the Showtime series The Boss with Kelsey Grammer and Sanaa Lathan.
Braxton Family Values has been renewed for another season. Yes! It’s the further adventures of Toni and her sisters. Plus the breakout star Tamar is getting her own spinoff with her husband Vince.
Katie Couric’s new daytime talk show debuts September 10th.
Niecy Nash is getting a reality show based around her family life. The show, Leave It To Niecy, debuts Sunday at 10pm on the TLC network.
Mike Tyson…. the entertainer?
The former boxer is putting together a Las Vegas show, and he hopes to take it to Broadway.
It’s another baby for Real Housewives Of Atlanta Star Kim Zolciak. Zolciak is four months pregnant. Nine months ago, she gave birth to a baby boy. This is her second child with Football Star Kroy Biermann.
Tiger Woods’ former Swing Coach Hank Haney is writing a book about his days with the golf great. Before infidelity destroyed his marriage and image, Tiger Woods was on top of the world. Now those who were closest to him are making money off of his life. In the book, Haney talks about Woods ex-wife Elin Nordegren. He claims she wasn’t allowed to smile on the golf course when Tiger won, and that Tiger wouldn’t let her be openly affectionate in public. So what was the reason for the no smiling? Haney says Woods told her you don’t have to smile and be happy for a win because he is supposed to win; that’s their way of life.
So what did you think of week one of Dancing With The Stars?
Empress Of Soul Gladys Knight surprised everyone with her fancy footwork. Other standouts included Actor Jaleel White (Urkel) and Disney Star Rashon Fagan. Sherri Shepherd of The View also did her thing.
Former Basketball Star Shaquille O’Neal is getting a reputation as a heartbreaker. O’Neal recently dumped longtime girlfriend Nikki “Hoopz” Alexander. Hoopz became famous as the first season winner of the VH1 reality show Flavor Of Love with Flavor Flav. Since winning the show, she had gained quite a reputation. Then she hooked up with Shaq, and they appeared to be in love. Despite her past, he was very open about their relationship. Well, Shaq recently turned 40, and he showed up to his party with a new woman. What happened to Hoopz? Apparently, he had his security detail put her out of his home. He felt it was time move on with another woman. What will Hoopz do now? She was hoping to marry Shaq. Maybe Basketball Wives will contact her…oops…uh oh…. that won’t happen! Shaq’s ex-wife Shaunie O’Neal is the producer of that show. This world is too small!
In the next few weeks, you are going to see Will Smith everywhere.
He’s hosting The Kids Choice Awards on Nickelodeon on the 31st. His new Men In Black movie is opening in theatres Memorial Day weekend. The past few weeks have been rough for Will and his wife Actress Jada Pinkett Smith. The tabloids have been running wild with stories of marital strife, but the two appeared at a recent 76ers’ basketball game kissing, hugging and spending family time with their children.
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Brown’s tax hike would hit anyone earning more than $250,000 a year. Brown, a liberal Democrat, has borrowed the “tax-the-rich” theme from Barack Obamato make up for overspending during a poor economy.
California Governor Jerry Brown believes he can solve the state’s spending crisis that includes a $16 billion deficit by going after high earners. However, analysts say significant tax hikesduring a period of stagnant jobs growth could do more damage to the state than good.
The governor proposed his new budget plan that includes more spending Monday and in a YouTube video. Brown proposed an increase in funding for K-12 education provided voters approve his proposal to increase the state’s sales tax on everyone along with hiking income taxes on “the rich.As Governor, Jerry Brown is blaming the state’s economic woes on poor revenues and over-spending by others while proposing new spending, massive cuts and a two-pronged tax hike for the future.
Brown’s tax hike would hit anyone earning more than $250,000 a year. Brown, a liberal Democrat, has borrowed the “tax-the-rich” theme from Barack Obamato make up for overspending during a poor economy.
California Governor Jerry Brown believes he can solve the state’s spending crisis that includes a $16 billion deficit by going after high earners. However, analysts say significant tax hikesduring a period of stagnant jobs growth could do more damage to the state than good.
The governor proposed his new budget plan that includes more spending Monday and in a YouTube video. Brown proposed an increase in funding for K-12 education provided voters approve his proposal to increase the state’s sales tax on everyone along with hiking income taxes on “the rich.”
Brown has championed tax hikes since he took office in January 2011; Republican legislators blocked his efforts last year. Democrats have controlled the California House and Senate for many years.
Brown would levy a 3 percent tax increase on those earning more than $250,000 which affects about 1% of taxpayers. Analystswarn that tax hikes will put a damper on economic growth and small business owners may need to cut back on employees to cough up more cash for state.
Brown also wants to raise California’s sales tax by a quarter of a point starting in January and lasting through 2016, however most analysts agree that once the state approves a sales tax increase it never goes away.
That would bump up the average state sales tax rate to 8.4%. Brown claims his proposal would bring in $8.5 billion. Brown warned voters that an additional $6 billion would be slashed on January 1, 2013 if they don’t approve his proposal.
California’s current budget took into account a $4 billion increase in state tax revenues that never occurred. The state is $3.5 billion below estimates; the bulk of the shortage was in personal income taxes, according to the controller’s office.
Asked at a press conference whether this week’s Facebook’s IPO would brighten the state’s fiscal outlook, Brown responded: “Who knows? That’s Wall Street.”