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Trillion? US national debt clock in Times Square runs out of digits for the first time as debt exceeds $10 trillion
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The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiraling figure. The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign ran out of digits for the first time.
The clock, located in Times Square, shows the amount of money owed by the US government. It was created by the late Manhattan real estate developer Seymour Durst, who put the sign up in 1989 to call attention to what was then a $2.7 trillion debt. The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.
For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required. For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy.
Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion.
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Getting worse: half of mammals in decline, 1 in 4 faces extinction; conservation can bring species back
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BARCELONA, Spain, October 6, 2008 (ENS) - The world's mammals are in the grip of an extinction crisis, with almost one in four at risk of vanishing forever, according to the latest scientific assessment revealed at the International Union for the Conservation of Nature's World Conservation Congress, which opened Sunday in Barcelona.
The new study conducted for the IUCN Red List of Threatened Species for the first time assessed all of the 5,487 mammals on Earth and found that at least 1,141 of them are known to be threatened with extinction. At least 76 mammals have become extinct since the year 1500.
The real situation could be much worse as 836 mammals are listed as Data Deficient. With better information, scientists may classify even more species as being in danger of extinction. "Within our lifetime hundreds of species could be lost as a result of our own actions, a frightening sign of what is happening to the ecosystems where they live," said Julia Marton-Lefèvre, IUCN director general. read more »
Unforeseen consequences - 2002 vote for Iraq War dug $635bil hole in 6 yrs, now another vote $700bil to fill it?
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Like the momentous 2002 decision authorizing the invasion of Iraq, Congress' vote on a $700 billion financial industry bailout figures to reverberate unpredictably, both for the economy and for the politicians vowing to protect it.
The White House and congressional leaders already have made up their minds. Confronted with the defeat of an earlier measure in the House this week and increasingly urgent warnings of economic hardship, they've begun rounding up votes the old-fashioned way.
They're buying them.
A revised bailout bill includes tens of billions of dollars in tax breaks for the middle class, for homeowners who don't itemize their deductions, and for property owners in Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Add on the $3 billion funding dollop for rural school programs over the next five years. And another $8 billion over the same period in disaster aid, much of it for Midwestern states. And toss in unrelated legislation, far-reaching in its own right, requiring insurance plans to provide better benefits for mental health.
None of these has any direct bearing on the problem afflicting Wall Street and the entire economy. Yet in the currency of Congress, each is rapidly becoming part of the solution.
Yet if the vote on Iraq is any indication, the consequences will be more profound than even the lawmakers understood at the time. read more »
Feel young at heart? In your 30s,40s...? They sure do in their 80s,90s, singing & performing: Young@Heart Chorus
A movie you must see –
"Young @ Heart" documents the true story of the Young at Heart Chorus, a singing group whose average age is 81, as they rehearse for a concert in their hometown Northampton, Massachusetts, celebrating "25 Years of Unpredictable Art." Their music is unexpected, going against the stereotype of their age group, performing punk, rock, and disco songs, for example, by James Brown, and Sonic Youth. Many of the 24 members must overcome ill health and other hardships to participate, adding new songs to their repertoire - including "Yes We Can Can", "Schizophrenia" and "I Feel Good" - with the help and encouragement of chorus director Bob Cilman. Although they have toured Europe and sang for royalty, this account focuses on preparing the new songs, not an easy endeavor, for the concert in their hometown, which succeeds in spite of several real heart breaking events. (Movie directed by Stephen Walker, 2007)
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When the Young@ Heart began in 1982 the members all lived in an elderly housing project in North- ampton, MA called the Walter Salvo House. The first group included elders who lived through both World Wars. Anna was a stand-up comic who at 88 told jokes that only she could get away with, she sang with the group until she was 100. read more »
"A star you could look up to both on and off the screen": Hollywood legend, philanthropist Paul Newman 1925-2008
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Paul Newman, Oscar winner, box office mainstay, an actor's actor, a man's man on the screen and a role model on and off the screen, has succumbed to cancer. He was 83. With his engaging smile, the sardonic twinkle in his piercing blue eyes and his cool, confident air, Paul Newman was a consummate charmer, easily passing the test of superstardom. However, his aversion to the Californian lifestyle was never disguised. He preferred to stay well away from the glitzy milieu when he was not working there and dedicated himself to his charities, businesses, racing cars, family and wife, Joanne Woodward.
Historical flight - Swiss ‘Rocketman’ Yves Rossy crosses English Channel with homemade jet wing in 10 minutes
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TO INFINITY and beyond. But first, Kent. Daredevil Swiss pilot Yves Rossy soared into the record books yesterday by making the first solo flight across the English Channel - using a single, homemade rocket-powered wing strapped to his back. Mr Rossy, nicknamed "Fusionman", navigated the crossing from Calais to Dover in less than 15 minutes before proclaiming it was now possible for all of mankind to "fly a little bit like a bird".
Yves Rossy, 49, who calls himself Fusionman - half man, half bird - made the 21-mile, jet-powered flight from Calais, France, to Dover, England, in just less than 15 minutes while traveling at speeds of more than 125 mph, The Daily Telegraph said.
An airline pilot by day, Mr Rossy's attempts to traverse the 22-mile stretch had twice been thwarted by typically overcast British weather conditions. But by yesterday lunchtime, a crisp autumn day allowed the 49-year-old to drop from a light aeroplane 8,000 feet above the French coast and set off into clear blue skies.
Main St wonders "people responsible for this are making half a million a year, why do we have to bail them out?"
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Melissa Hamlet worries that the stock market's wild swings will mean fewer potential buyers for her home. Restaurant owner Christopher Tocchio fumes that the government isn't holding failing businesses accountable for their reckless decisions. And Mary Vaughan, a recent widow, wonders why government rescues corporate America while she struggles to pay her bills. "I'm paying enough taxes now, and the taxpayers have to bail these big guys out?" she said.
Anger, fear, and shock about the Wall Street meltdown are percolating through conversations along Massachusetts' main streets. A whirlwind week of unprecedented government intervention to prop up the nation's financial system seemed to confirm people's worst fears: The economy is in peril and recovery is far off. Seemingly overnight, nearly everyone felt poorer - homes lost value, 401(k) investments were battered, and jobs, for some, were in jeopardy.
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