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Bank of France Forecasts Zero Growth

by Tom McGregor	Thu, May 10, 2012, 10:06 PM
The Bank of France has forecasted zero growth in the French for the first six months of the year. The BBC News reports that, “official figures for gross domestic product (GDP) for the first three months of the year are due to be released on May 15, which is also the day of the inauguration of the new President Francois Hollande.” Read More Add Comment (0)

Sony Reports Massive Loss in Earnings

by Tom McGregor	Thu, May 10, 2012, 08:58 PM
Amid disasters and a strong yen, Sony reports a record loss. The Japanese electronics manufacturer has just reported a record annual loss due to natural disasters last year and a strong yen that harmed its exports. Read More Add Comment (0)

JP Morgan Loses $2 Billion in Trade Scheme

by Tom McGregor

Thu, May 10, 2012, 08:24 PM

Late Thursday, JP Morgan disclosed that one of its units suffered a significant loss due to soured bets that sent its shares plummeting in post-market trading.

Fox News reports that, “Chief Executive Officer Jamie Dimon said in a hastily scheduled conference call after the close of trading that the company had sustained some $2 billion in trading losses in its synthetic credit portfolio in the past six weeks. The portfolio proved to be “riskier, more volatile and less effective as an economic hedge” than the bank initially believed, according to a regulatory filing.”

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Rumors Buzzing over UT President

by Tom McGregor	Thu, May 10, 2012, 08:02 PM
The rumor mill has been blowing with full-steam that UT-Austin President Willam C. Powers will soon get ousted from his job. The gossip swirling has become so prevalent that on Thursday, the University of Texas System felt compelled to respond to the rumors. Read More Add Comment (0)

NorthPark Mall Imposes 6 pm Curfew on Teens

by Tom McGregor	Thu, May 10, 2012, 07:42 PM
An upscale Dallas mall that was constructed in the 1960s as the largest at its time climate-controlled retail establishment in the world has announced a teen curfew. Read More Add Comment (0)

France Demands more Cash from Germany

by Tom McGregor	Sun, May 6, 2012, 07:22 PM
Right after winning the French presidential election, Francois Hollande called German Chancellor Angela Merkel and the European Central Bank to demand more funding to spend on Obama-style stimulus projects in the country. Read More Add Comment (1)

Buckner Screwball up for Auction in Dallas

by Tom McGregor	Thu, May 3, 2012, 11:01 PM
The baseball that shattered the dreams of Red Sox fans all over the globe and turned Bill Buckner into one of the most legendary goats in sports history is up for auction in Dallas. Read More Add Comment (0)

Obama Blasts ‘Bourgeoise Liberalism’

by Tom McGregor	Wed, May 2, 2012, 09:57 PM
When President Barack Obama was a 22-years-old college graduate of Columbia University in New York City, he enjoyed composing literary criticisms of poetry. When he tackled ‘The Wasteland,’ by T.S. Eliot he mused that he respects “conservatism” more than “bourgeoise liberalism.” Read More Add Comment (3)

In Case of Emergency, FEMA Calls Waffle House

by Tom McGregor	Wed, May 2, 2012, 08:17 PM
President Barack Obama has issued a new executive order in which a zone is only declared a “federal disaster area” if the food chain, Waffle House, temporarily shuts down for business. Hence, states and local regions are not eligible for federal relief funds if the Waffle House remains open after a disaster strikes. Read More Add Comment (1)

Charlie Sheen Sues NYC Strip Club

by Tom McGregor	Wed, May 2, 2012, 07:33 PM
Hollywood actor Charlie Sheen had earned a notorious reputation for participating in drug-crazed parties and drunken orgies with prostitutes and porn stars. He even got fired from the TV show Two and a Half Men for refusing to reform his behavior. Read More Add Comment (0)