Friday, November 20, 2009
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Wall Street Banks Getting H1N1 Vaccines Before Some High Risk Groups

There are privileges that come along with working on Wall Street, and one of those is apparently getting your swine flu vaccine before other high-risk groups that actually need it. Thousands of at-risk Americans sit patiently waiting for their turn to get the hard-to-find shot, while some Wall Street banks have already secured supplies of the vaccine.

The New York Stock Exchange, Goldman Sachs, Citigroup, and the Federal Reserve have all received H1N1 vaccine doses to administer to their employees. Like other companies, Wall Street banks put in a request to receive doses, but it appears they have a leg-up on other applicants. Case in point: Goldman Sachs received 200 doses, the same amount as Lenox Hill Hospital in New York. There's something seriously wrong with this picture.

NBC's chief medical editor, Dr. Nancy Schnyderman commented:

"I think they probably played by the rules, there are corporations all over the country who put in there dibs...But, what a sore eye for Wall Street. Wouldn't have been lovely if they had said, look we put it in our dibs, we played by the rules, but we're going to donate our 200 doses."

Congress Likely to Extend & Expand Homebuyer Credit

Since January, first-time homebuyers have been getting tax credits of up to $8,000 as part of an economic stimulus package put into place earlier this year. That program, which left those who are not first-time home buyers out in the cold, was set to expire at the end of November 2009. On Wednesday, the Senate voted to extend and expand the tax credit to include many buyers who already own homes. Now it just needs to get through Congress, where a vote will take place Thursday.

Buyers owning their current homes at least five years will be eligible for tax credits up to $6,500. First-time homebuyers or those who haven't owned a home in the last three years would get up to $8,000. Both groups would have to sign a purchase agreement by April 30, 2010 and close by June 30, 2010 in order to be eligible.

Sen. Johnny Isakson (R-Georgia), said, "This is probably the last extension."

Also included in the bill passed in the Senate is a plan to extend unemployment benefits for those without a job for more than a year, and a clause that would allow companies now losing money to recoup taxes paid on profits earned in the previous five years.

Sen. Max Baucus (D-Montana), chairman of the Senate Finance Committee, said:

Facebook to Keep Profiles of Dead People

Unlike your Yahoo email account, which ceases upon death, Facebook wants to keep your profile alive. Upon the request of friends or family, Facebook will "memorialize" profiles of those who have died.

These accounts will be different than regular Facebook profiles. For example, any contact information will be removed and people will be barred from logging in. The profile also will not be included in the "suggestion" section, and only the deceased person's confirmed friends will be able to find them in a search.

Mattel's New Line of Black Barbies Receive Mixed Reviews

It's long been established that the traditional Barbie doll does not accurately represent the adult female form, and that the proportions are out of whack. Now that Mattel has launched a new line of black Barbies to appeal to those of African descent, they are receiving the same kind of criticism that the regular old white Barbie has been getting for years - that they don't authentically represent black women.

While many are pleased that their daughters can play with Barbie dolls that look more like them, others point out that the the line of "So in Style" black Barbies do not represent all black women. Some argue that they look more liked mixed race women, and features like afros, kinky hair, and more flattened noses and large lips noticeably absent. Instead, it is argued that the dolls look more like the black women featured in hip-hop videos - slim with small noses and straightened hair. Many say that they should have more natural black hairstyles, like braids and afros.

Others, however, point out that many black women in fact do straighten their hair. So in that sense, it is not an inaccurate representation.

GM to Offer 60-Day Money Back Guarantee to Restore Consumer Confidence

General Motors is pulling out all the stops in an effort to restore consumer confidence in its products. Beginning Monday, GM will offer a 60-day money back guarantee on all of its vehicles.

This is GM's first major marketing campaign since emerging from the depths of bankrtuptcy. The ad campaign puts the company's new chairman, Edward E. Whitacre Jr. into focus as the spokesman for the offer to give a full refund within 60 days on any GM car or truck.

The campaign is called "May the Best Car Win", and is aimed to not only restore consumer confidence, but also change GM's image as a financially struggling company with lesser products. The first television ad featuring Whitacre and the new campaign will begin airing on Sunday.

A media report says that Whitacre is hoping to restore confidence in GM just as Iacocca did with Chrysler ads in the 1980s.

Speaking of the campaign, Whitacre said:

"I'm happy to do it, I wanted to do it, and I think it is important to do it,. I am convinced that our cars are as good, if not better, than anybody else's."

Drive a Camaro? Get a Free Pizza On Wednesday

John Schnatter, the founder of the Papa John's pizza chain, spend years searching for the beloved Camaro he sold to start his business. Finally, he has been reunited with the car and in celebration, the chain is giving out free pizzas on Wednesday to all Camaro drivers.

Schnatter said:

"The Camaro represents what I gave up to start Papa John's. Words cannot capture the emotions I am feeling....I never gave up hope that someday I would get that car back."

Back in 1983, his father, an Indiana bar owner, was near bankruptcy. To help him out, Schnatter sold the only thing he had that was worth anything - a black and gold striped 1971 Chevy Camaro for $2,800. As he tells the story, he had to turn his back as the buyer drove the beloved car away. With the proceeds from the sale of the car, he bought some equipment and started selling pizzas out of a broom closet of his dad's bar. Slowly, they dug themselves out of bankruptcy.

Now the pizza chain is the world's third largest and is worth $750 million. But even as business began to take off and he became filthy rich, Schnatter never gave up hope that one day he would be reunited with his car.

Outted Blogger Plans to Sue Google for Revealing Her Identity

After a New York Supreme Court judge ruled that Google reveal the identity of an anonymous blogger who created the "Skanks in NYC" blog on its Blogger.com platform, the woman whose identity was revealed - Rosemary Port - plans to sue the Internet giant. Speaking for the first time since the ruling, Port also says that model Liskula Cohen should blame herself for the uproar.

Port said,

"This has become a public spectacle and a circus that is not my doing. By going to the press, she defamed herself. Before her suit, there were probably two hits on my web site: one from me looking at it, and on from her looking at it. That was before it became a spectacle. I feel my right to privacy has been violated.

Port, 29, added that she is furious with Google for revealing her identity. She is so upset that she is planning to file a $15 million federal lawsuit against them.

The Fashion Institute of Technology student added:

No More Cash for Clunkers; Program to End August 24

The hugely successful "Cash for Clunkers" program will be terminated at 8pm on Monday, August 24. The government made the announcement on Thursday.

Dealers are predicting a rush to showrooms over the weekend, as customers seek to trade in their clunkers for a $3,500 to $4,5000 government rebate on a newer, more fuel-efficient model.

While dealers may see a rush this weekend, they do not need to worry that the rebate money will run out. Transportation Secretary Ray LaHood promised that dealers will get their front money: "They're gonna get paid; we have the money to provide for them," he said.

The Transportation Department has projected that there "is enough money to continue accepting submissions until the Monday deadline."

GM to Recall Over 1,000 Workers at Lordstown Plant

This is great news for Ohio, and perhaps a sign that the "Cash For Clunkers" program did in fact help boost auto sales, and in turn, the local economy. On Tuesday, General Motors announced that it would be adding shifts and run some plants on overtime to increase production by 60,000 vehicles by year's end in response to the demand created by the government program

Cash for Clunkers Program Brings Scrap Yards to Life; Mechanics See Fewer Repairs

Consumers are trading in their gas-guzzling clunkers for new, more fuel efficient cars in record numbers and are breathing new life into the struggling auto industry. Another benefactor of the program are the nation's scrap yards.

Some scrap yard owners are on pace to meet their 2008 totals for vehicles purchased in just weeks, and because of the sudden boom in business, laid-off employees are even getting called back to work.

But, as one industry thrives, another finds itself struggling. As consumers cash in their beaten up vehicles for new ones under warranties and without any problems, mechanics are finding themselves with fewer repairs.

Mechanics don't just lose one repair when someone trades in an older vehicle, they also generally lose that customer's business for a few year while the car is under warranty.

Those are just some of the immediate effects of the government's CARS program.

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