Technorati Front PageRising all from the Technorati Front Page.U.S. Seizes Control of AIG With $85 Billion Emergency Loan- September 17, 2008 Invoking extraordinary powers granted after the 1929 stock market crash, the government seized control of the insurance giant American International Group to preserve a crucial bulwark of the global financial system.http://technorati.com/articles/9ANICkxwpenytACe%2BUkB136ikh6%2BQbrVPT8Xn4mV4gc%3D Stocks Rebound Amid AIG Drama- September 17, 2008 The Dow industrials gained 1.3% to 11059.02 after the Fed kept interest rates unchanged and investors grew optimistic about the fate of AIG. The insurance giant's shares swung wildly all day, ending down 21%.http://technorati.com/articles/VHfTAyNil8lirmZz%2BvZyURhcFvedmrE%2BPPBi1JVj%2BeI%3D Lawmakers Are Seeking Answers in Anthrax Case- September 17, 2008 The strength of the government's evidence against Bruce E. Ivins, who died before prosecutors publicly labeled him the lone culprit in the 2001 anthrax-by-mail attacks, will be tested anew today when FBI Director Robert S. Mueller III appears before thehttp://technorati.com/articles/ewjQQemiBssdfIavaUNR8HjMFOxza4WBpsm%2BEZ5DuBg%3D Seahawks make deals to boost receiver corps- September 17, 2008 The Seattle Seahawks made moves Tuesday to try to shore up a decimated receiving corps.http://technorati.com/articles/qiSoEYpvPtrYg41y2GxeePOvMwj7ZdZRtrI3Heo4drs%3D Fed rescues AIG, Barclays buys Lehman U.S. unit- September 17, 2008 HONG KONG (Reuters) - U.S. authorities engineered an $85 billion rescue of insurance giant American International Group Inc, staving off bankruptcy and bringing a measure of calm to shell-shocked global markets.http://technorati.com/articles/qkgZcgrISaJi8m8MwyaVzeQsQLi2v9DIkyTIDRO3Yhw%3D How is McCain connected to the almost bankrupt AIG- September 16, 2008 So why, after the Federal Reserve Bank declined to give investors the rate cut that they were slavering for, did the stock market, after an initial swoon, come back strong Why, in the middle of a meltdown, did the Dow Jones Industrial Average close up 141 points One theory is that investors were heartened by rumors suggesting that the Fed was changing its tune about whether or not to come to the rescue of the huge insurance company, American International Group (AIG). At of the close of thehttp://technorati.com/posts/Uh2sllvJUT8pd0QxCYMoB5RFzKtBJD_LOWshyCpdtgA%3D Apple updates Remote app for iPhone, adds Genius functionality- September 16, 2008 Filed under: iPhone, App Store, iPod touch Apple just dropped an update for the Remote application for iPhoneiPod touch. Remote.app allows you to control any iTunes library (or Apple TV) over a local WiFi connection. According to the release notes, you will now be able to create a Genius playlist, and createedit playlists in iTunes. This application (and its update) is a free download from the iTunes App Store. Take a look at our gallery of screenshots below. And be sure to sound off in thehttp://technorati.com/posts/109eyJz7%2B4gNdjUSLd9zV68eKDUZq5w4o1hvRPXynWc%3D The Mess On Wall Street: Four Trillion Dollars Down The Drain- September 16, 2008 October 7, 2007 September 12, 2008 The collapse of so many major financial institutions in the past year, and over the past few days especially, is hard to fathom in its enormity. Sometimes you need a good visual to put things in perspective. The New York Times has an interactive graphic up on its site that pretty much says it all. It shows that $4 trillion has been wiped off the total market capitalization of the U.S. stock market since last October. Of that, nearly $1 trillion is frhttp://technorati.com/posts/t5lFTHlvSV6pUbQ7%2BKk0O5doKm595JaNWlnIOA0rzrU%3D The Legal Kerfuffle Over Website Linking- September 16, 2008 Can someone stop you from linking to their website Thats what the Sheboygan city attorney did. The city ordered Jennifer Reisinger to remove a link to the citys police department website - and now, she is suing: Can a city stop people from posting a link to its Web site Thats the question at the center of a federal lawsuit brought by a Sheboygan woman against the mayor and other officials there, in what appears to be a first-of-its-kind case, according to an Internet law expert. Jennifhttp://technorati.com/posts/jOtK4Q_iogHJZ7rYi_4rNSkOGmVkF0tOGnn%2B2EMkzjU%3D Historical revisionism revisionism- September 16, 2008 John Lott: The current mortgage crisis arose because loans were made with virtually nonexistent underwriting standards. There was no verification of income or assets, little assurance of the ability to pay the mortgage, and little or no down payment. So, with rules like these, who wouldnt have expected defaults In January, the Federal Reserve stepped in proposing strict regulations on what conditions should be met visit site to read morehttp://technorati.com/posts/S6p7_Fzz9mZOzmXFNMn%2B2urlFERSwlSKRI9_w7UqeXE%3D |