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Shares plunged on Wall Street and the dollar fell sharply tonight after an increase in jobless claims and weak signals from industry prompted fears that the US is heading for a double-dip recession.
The Dow Jones index fell 200 points at one stage in morning trading in New York after the US labour department reported that 500,000 new claims for unemployment benefit were filed in the week ending 14 August – an increase of 12,000 on the previous week and the highest figure for nine months.
The already gloomy mood was compounded when the Philadelphia Fed, one of the Federal Reserve's 12 regional reserve banks, published its monthly health check on manufacturing in America's mid-Atlantic region. The survey, seen by Wall Street as a barometer of US industrial conditions, showed activity had contracted unexpectedly for the first time since July 2009.
President Barack Obama called on Congress to pass a bill providing support for small businesses, but Wall Street believes the threat to the world's biggest economy will also require action by the Federal Reserve to expand the money supply through its quantitative easing programme. James Bullard, president of the St Louis Fed, said tonight that the central bank would need to step up its purchases of bonds should the threat of deflation intensify.
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Horn was in critical condition for several weeks thereafter, and was said to have suffered a stroke and partial paralysis. Doctors removed one-quarter of his skull to relieve the pressure of his swelling brain during an operation known as a decompressive craniectomy. The portion of skull was placed in a pouch in Horn's abdomen in the hope of replacing it later. Horn was eventually transferred to UCLA Medical Center in Los Angeles, California for long-term recovery and rehabilitation.
As of 2006, Horn was walking, assisted only by Fischbacher, and talking. To host Pat O'Brien on the television news program The Insider, he complained about his daily rehabilitation, "They are slave drivers over there. You'd think they are the KGB from Russia."
It is disputed whether or not the tiger intentionally attacked Horn. Montecore had been trained by Horn since he was a cub; he had performed with the act for six years. Fischbacher, appearing on the Larry King interview program, said Horn fell during the act and Montecore was attempting to drag him to safety, as a mother tigress would pull one of her cubs by the neck. Fischbacher said Montecore had no way of knowing that Horn, unlike a tiger cub, did not have fur and thick skin covering his neck and that his neck was vulnerable to injury. Fischbacher said if Montecore had wanted to injure Horn, the tiger would have snapped his neck and shaken him back and forth.
Former Mirage owner Steve Wynn (who hired the duo in 1990) told Las Vegas television station KLAS-TV the events were substantiated as described by Fischbacher. According to Wynn, there was a woman with a "big hairdo" in the front row who, he says, "fascinated and distracted" Montecore. The woman reached out to attempt to pet the animal, and Horn jumped between the woman and the tiger.
According to Wynn, Horn said, "Release, release," attempting to persuade Montecore to let go of his arm, and eventually striking the tiger with his microphone. Horn tripped over the cat's paw and fell on his back; stagehands then rushed out and jumped on the cat. It was only then, said Wynn, that the confused tiger leaned over Roy and attempted to carry Horn off the stage to safety. Wynn said that although the tiger's teeth inflicted puncture wounds that caused Horn to lose blood, there was no damage to his neck. Stagehands then sprayed Roy and Montecore with a fire extinguisher to separate the two.
Montecore was put into quarantine for ten days in order to ensure he was not rabid, and was then returned to his habitat at The Mirage. While Horn has requested that Montecore not be harmed, the incident may augur the end of exotic animal shows in which there are no barriers between tigers and audience members. Some animal rights activists, many of whom oppose the use of wild animals in live entertainment, sought to use the incident as a springboard for publicity, though few have ever accused the Siegfried & Roy show of mistreating animals.
The injury to Roy Horn prompted The Mirage to close the show indefinitely and to lay off 267 cast and crew members with one week's severance pay. While Fischbacher has said "the show will go on", a hotel spokesman told the production staff that they "should explore other career opportunities."
According to the Las Vegas Advisor, The Mirage will suffer financially, not just from the loss of $50+ million in annual ticket sales, but from having to forgo untold millions in sales of food, beverages, hotel rooms and the casino's gambling winnings. An MGM Mirage spokesman said losing Siegfried & Roy is a bigger hit to the Mirage brand than to its finances, because the entertainers are "practically the faces" of the hotel, and finding a new hotel brand or identity will be difficult.
In February 2009, the duo staged a "final" appearance with Montecore as a benefit for The Lou Ruvo Brain Institute. This performance was recorded for broadcast on ABC television's 20/20 program. The 10-minute program featured one of Siegfried & Roy's signature illusions, in which Siegfried and Montecore (now 12 years old) magically switched places from within separate, locked transparent enclosures.
On April 23, 2010, the duo officially said farewell to show business. “The last time we closed, we didn’t have a lot of warning,” said longtime manager Bernie Yuman. “This is farewell. This is the dot at the end of the sentence.”
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"If we can get some confirmation from the earnings and then the stocks rally on that, it will be a very good sign that we'll have a decent summer," said Blair Falconer, portfolio manager at HSBC Securities.
North American markets finished higher last week, with the TSX up 3.34 per cent and the Dow industrials ahead 5.28 per cent as bargain hunters moved in following big slides of over four per cent the previous week.
NEW YORK — Analysts are raising earnings estimates for U. S. companies at the fastest rate since at least 2004 during a quarter when stocks have posted some of their biggest losses in 16 months on concern that the economy will sink back into a recession.
Profit for companies in the Standard & Poor’s 500 Index now are expected to jump 34 percent this year, according to more than 8,000 estimates compiled by Bloomberg. On March 29, the projected increase had been 27 percent. The revision is the greatest during any quarter in at least six years.
But lower-than-forecast home sales, manufacturing and private-sector job growth have sent the benchmark gauge for U. S. equities down 11 percent since hitting 1,217 April 23, despite last week’s rally.
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Shit My Dad Says will star William Shatner as the father with a penchant for saying some really funny and weird stuff, like "We didn't accidentally kill a hooker, we had dinner!"
Halpern started the Twitter account to showcase the things his father would say to him, and the experiences they shared while living together in the same house.


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During a meeting of Labor ministers on Thursday, Industry, Trade and Labor Minister Binyamin Ben-Eliezer leveled harsh criticism at the management of Israel's public relations outlay during the recent flotilla raid affair. He called the PR layout surrounding the incident a "disgrace," and said "it has led us into the bad situation we are in."
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Technology in New Electric Hummer Could Drive Bold Leap Ahead for U.S. Automakers, Making Popular Trucks & SUVs ‘Greener Than a Prius’
Raser Technologies, Inc. unveiled a 100+ mpg Hummer H3 powered by Raser’s plug-in hybrid E-REV (Extended-Range Electric Vehicle) at the 2009 SAE International World Congress, Cobo Center, Detroit, MI.
Raser developed the 100+ mpg Electric H3 demonstration vehicle working closely with Hummer. Just one year ago at the 2008 SAE World Congress, Raser and its development partner FEV Inc., Auburn Hills, MI, a leading automotive integrator, introduced Raser’s E-REV power train, similar in function to the Chevy Volt but designed for use in a variety of larger full-sized SUVs and light trucks. The vehicle was developed in association with the Plug-in Hybrid Development Consortium, co-founded by Raser along with leading electric utilities, lithium ion battery companies and other automotive technology companies.
Raser CEO Brent M. Cook said, “The technology in this electric-powered Hummer is a leap ahead for U.S. Automakers. It could make the nation’s popular light trucks and SUVs greener than a Prius.”
The vehicle has performed well in initial test drives and dynamometer testing conducted by FEV. Video from recent test drives of the 100+mpg H3 is available online: http://rasertech.com/hummer
The plug-in electric Hummer H3 has a range of about 400 miles, driving its first 40 miles exclusively on batteries before turning on its combustion generator. Most vehicles drive fewer than 40 miles a day, most drivers would rarely use gas and average more than 100 mpg in gas fuel economy over time.
Raser’s E-REV power train was designed for most full-sized 4WD SUVs and light trucks, which represent nearly half of the vehicles on U.S. roads today because of their versatility and wide application in fleets.
“We chose the Hummer H3 and H3T as demonstration vehicles because trucks and SUVs are the best-selling vehicles in America and can benefit the most from increased fuel economy and reduced emissions,” said Cook.
The Electric Hummer H3 is propelled entirely on electricity by Raser’s 200kW advanced AC induction motor connected to a 4WD transmission. A small high efficiency EcoTech engine uses Raser’s 100KW electric generator to recharge the batteries while driving and provides additional electric power when needed.
“Our goal was to demonstrate that electric vehicle technology is a viable solution for a variety of vehicle platforms,” said Gary Rogers, president and chief executive officer of FEV. “This full-sized SUV extended-range electric vehicle shows that fuel economy in larger vehicles does not mean sacrificing power and utility.”
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You can check out more of Yonatan Frimer's maze art at:
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BERLIN -(Dow Jones)- Greece faces a funding gap of around EUR110 billion over the next three years, according to the details of a bailout plan from the International Monetary Fund and the European Union seen by Dow Jones Newswires Sunday.
Earlier Sunday, Greek Finance Minister George Papaconstantinou said that the new measures imposed to secure access to the unprecedented bailout package are the harshest and most austere ever imposed in European history.
The plan, dated May 2, didn't give details of how much each euro-zone country and the IMF will give in loans.
"We anticipate covering the program's financing requirements with financial support from euro-area member states and the IMF while strengthening access to the private capital market," the document said.
"Notwithstanding the significant fiscal adjustment, we project a public financing gap of around 110 billion (euros), for the program period, which we expect to cover through matching bilateral lending support from euro area member states and through IMF support," said the plan.
According to the document...Read more:
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