Saturday, September 3, 2011

US regulator files suit against big banks

The US regulator is filing legal suits against several big banks for the subprime mortgages that were sold to Fannie Mae and Freddie Mac. More details here:
http://slatest.slate.com/posts/2011/09/02/mortage_lawsuits_big_banks_to_be_sued_by_federal_regulator_over_.html

I expect that the legal fallout can be quite serious for the global economy.

Tips on critical illness insurance

A critical illness policy is one of the most popular policy, but is not well understood. The insurance agent tells the consumers about the cost of critical illness and the need to buy life insurance to protect against this event. Everybody will have to suffer a critical illness one day, and that will lead to death. But, is insurance the best answer? Read this article to learn about how to make the right decision.

Texas Workers Compensation Insurance, A General Review | Hp ...

What does the term compensation mean? Compensation is a service given to someone for the damage or loss of something. For businesses and the corporate world, compensation is provided to workers who get injured while on the premises and they’re still on the clock. This type of compensation is known as workers compensation insurance . It’s important for most, if not all, workers to have their own health or life insurance policy. But, workers compensation works like an additional policy to keep you covered while you are on the job. So, what all does the workers compensation insurance policy cover? This type of policy is an agreement between the workers and the company they provide service for. It’s a commitment toward the workers stating that they are safe in their working environment during their working hours. This covers accidental hazards, injuries and even death. It’s a known fact that workers can become disabled or loses their life because of a hazard that took place at work during company hours. That is why the government put this required law into effect for businesses to have this policy. It provides financial safety to the employee while they work. The advantages of workers compensation insurance Texas: Advantages of workers compensation insurance can help the worker feel secure and safe while working for the company. This feeling of security creates trust for the employer thus making the employee a happy worker. When a person feels like their job cares about them, it can make them want to work with even more effort and quality. This is a major plus for companies to invest in this type of coverage for their workers. The employer benefits in several ways. One is by winning the trust of their workers. The other is quality word of mouth publicity, which is always excellent for a company, to potential workers. Employees are satisfied with their jobs when workers compensation insurance is in effect. In the event they become injured and are unable to show up for work. They are then compensated monthly or bi-weekly for missed days. Also, it works for the worker’s family as well. Should the worker die during business hours on the company’s premises, the worker’s family is compensated for the loss. Businesses that have high risk hazards or work with hazardous machinery are ideal candidates to be carrying workers insurance. This way, a large suit can possibly be avoided and large amounts money will be saved rather than lost in a suit.

Source: http://www.hpscotswrestling.org/hp-scots-wrestling/120

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Reinforcements, weather aid firefighters in Oklahoma and Texas (Reuters)

OKLAHOMA CITY (Reuters) ? A wildfire burned for a third day in a wooded 18-square-mile area of Oklahoma's capital on Thursday and has consumed at least 25 homes, including rambling mansions with horse facilities.

But fire officials said they were confident the blaze won't spread further, even as other parts of Oklahoma continued to be plagued by wildfires including a fierce conflagration in Cleveland County that threatened to reach Norman.

Meanwhile in neighboring Texas, lighter winds and slightly lower temperatures aided firefighters' efforts to contain a raging wildfire near a lakefront resort outside Fort Worth.

In the Oklahoma City fire, firefighters were relying on water trucked in by vehicles or dropped from the sky by two National Guard helicopters after the blaze spread beyond the reach of city water lines.

The closest available city fire hydrant was miles from where the fire advanced as southerly winds pushed it northward, said Marc Woodard, an assistant fire chief for the city.

Oklahoma City encompasses 660 square miles and does not provide water service to some of its farther reaches, where residents rely on wells.

But with electricity knocked out by fire, many homeowners said they couldn't pump water to protect their homes.

Firefighting task forces from 25 counties helped fight the fire, and bulldozers from the state's forestry services agency were delivered on Thursday as Oklahoma Governor Mary Fallin arrived to offer encouragement and thanks.

"Hopefully we'll get some relief on Sunday," she said, referring to forecasts of milder weather across the region.

They're hoping for the same in drought-hit Texas, where the Texas Forest Service reported 16 active large fires on Thursday. Both states have experienced record heat this summer and devastating drought.

"August has been scary hot," said John Nielson-Gammon, a professor in the Department of Atmospheric Sciences at Texas A&M University, adding that the summer of 2011 would be a summer "Texans will tell their grandchildren about" with records broken in June, July and August.

RECREATION SPOT

A Texas wildfire burning on the shores of Possum Kingdom Lake, a popular recreation spot about 75 miles west of Fort Worth, was 50 percent contained after charring 6,500 acres of land and destroying 40 homes.

"We have a very aggressive effort going to contain this fire," Texas Forest Service spokesman John Nichols said of the blaze, which broke out on Tuesday and was the largest of the state's active fires.

Texas Governor Rick Perry renewed the state's disaster proclamation on Thursday and urged caution over the holiday week. All but three state counties are under a burn ban.

"In the midst of one of the worst wildfire seasons in our state's history, all it takes is a single, unnoticed spark to cause a disaster," Perry said.

Officials evacuated several Possum Kingdom neighborhoods along the lakeshore, with some residents forced to flee by boat because roads were cut off by flames. A few were allowed to return briefly to inspect their property on Thursday.

About 400 firefighters were battling the blaze, using water dropped continuously from single-air tankers, helicopters and other aircraft, Nichols said.

The fire is the second large blaze at this site this year. A two-week fire in April destroyed 160 homes and burned more than 126,000 acres.

The combination of triple-digit heat, low humidity and winds gusting over 20 miles per hour, along with the parched conditions due to a prolonged and historic drought, fed the wildfire outbreak this week, officials said.

Weather conditions this weekend could present a new danger, especially for fires that aren't contained, said Steve Fano, a meteorologist for the National Weather Service in Fort Worth.

"We're looking at a cold front arriving this weekend, which will mean lower temperatures but a lot gustier winds," he said.

The Texas Forest Service has declared this to be the worst fire season in the state's history.

(Additional reporting by Marice Richter in Dallas and Jim Forsyth in San Antonio, Editing by Karen Brooks and Cynthia Johnston)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20110901/us_nm/us_wildfires

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Job Opportunities in Ireland


Earn More from DIY Build a Home Business | Real Estate | How To ...

Earn More from DIY Build a Home Business While a lot of companies nowadays are busy providing people with loan options for their dream. GUIDE TUTORIAL

Read more:
Earn More from DIY Build a Home Business | Real Estate

Earn More from DIY Build a Home Business While a lot of companies nowadays are busy providing people with loan options for their dream. GUIDE TUTORIAL

Read the original:
Earn More from DIY Build a Home Business | Real Estate

Source: http://www.howtobuildahouse.eu/earn-more-from-diy-build-a-home-business-real-estate/

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