| Archivist: I Stole Papers to Pay Bills
A state archivist was charged Monday with stealing hundreds of artifacts _ documents representing "the heritage of all Americans," according to the history buff who found some of them on eBay _ to pay his household bills. Daniel Lorello, 54, is accused of taking the rare items from the New York State Library, including Davy Crockett Almanacs, Currier and Ives lithographs and the 1865 railroad timetable for Abraham Lincoln's funeral train. Authorities believe he hawked them for tens of thousands of dollars, using much of that to pay off his daughter's credit card debt. "This crime is especially repugnant, because it's dealing with historic documents," state Attorney General Andrew Cuomo said. "It's literally stealing the legacy of the state of New York page by page." Lorello, an archives and records management specialist in the New York Department of Education, pleaded not guilty Monday to charges of grand larceny, criminal possession of stolen property and scheme to defraud and was released on his recognizance.
Sallie Mae names John Hewes chief credit officer and Jonathan Clark ...
RESTON, Va. - Student lender SLM Corp., better known as Sallie Mae, said Tuesday it named John Hewes executive vice president and chief credit officer and Jonathan Clark as senior vice president of corporate finance. In the newly created position, Hewes will oversee the company's private student loan underwriting policies and risk management. Hewes previously worked at MBNA, a credit card issuer. Clark will oversee Sallie Mae's unsecured debt issuance and treasury operations. He will also assist the asset-backed securitization team. Before joining Sallie Mae, Clark worked at Credit Suisse. .
City given highest 'AAA' rating on debt issuance
Naperville has great credit. Standard & Poor's Rating Services has awarded the city its highest rating of "AAA" on new debt issuance and also reaffirmed the "AAA" rating on Naperville's existing general obligation debt, the city said Monday in a release. These ratings were awarded in conjunction with a coming debt issuance. "A 'AAA' rating is very hard to receive, and it's even harder to keep current each year," Mayor George Pradel said in the release. This year, however, marked the first time the city was rated under S&P's "Financial Management Assessment," a report card on the city's financial personnel and processes that include City Council oversight. Under this assessment, the city received a rating of "strong," defined by the S&P as being indicative of practices that "are strong, well embedded, and likely sustainable." Proceeds from the general obligation bond are earmarked to finance improvements to the city's electric system and other capital projects.
Debt Management: Reduce Financial Worries, have Smooth Life
Summary: Debt management plans help you to reduce your debt and interest burden and live a smooth life. These plans merge your entire debts into a single low-interest and borrower-friendly loan plan. People who are struggling to pay multiple credit card bills or feel being caught in the debt trap should opt for immediate and effective financial solutions. These people should consider the loan plans available in the UK financial market to avoid paying accruing interest charges. Those who continue to struggle with mounting credit card debts are simply wasting their hard-earned money, if they continue to battle with unrealistic interest charges. A simple loan plan could take away the suffocating effects of using plastic money. The rescuing options for people in such situations are opting for consolidation plans and availing effective debt advices as offered by several financial institutions.
Sallie Mae names 2 new executives
RESTON, Va. (AP) - Student lender SLM Corp., better known as Sallie Mae, said Tuesday it named John Hewes executive vice president and chief credit officer and Jonathan Clark as senior vice president of corporate finance. In the newly created position, Hewes will oversee the company's private student loan underwriting policies and risk management. Hewes previously worked at MBNA, a credit card issuer. Clark will oversee Sallie Mae's unsecured debt issuance and treasury operations. He will also assist the asset-backed securitization team. Before joining Sallie Mae, Clark worked at Credit Suisse. Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. .
Ahli United Bank and Arab Banking Corporation close senior phase of US ...
Manama, Bahrain: Ahli United Bank B.S.C. (Ahli United Bank B.S.C. ("AUBAUB") and Arab Banking Corporation (ABC)Arab Banking Corporation (ABC) (the "Initial Mandated Lead Arrangers") have successfully closed the senior phase for a US$480 million, 15-year Syndicated Debt Finance Facility for Damietta International Port Company, S.A.E. (Damietta International Port Company, S.A.E. ("DIPCODIPCO"). The loan proceeds will be used to finance 75% of project capital expenditures and capitalisation of interest up to phase one completion date. AUBAUB and ABCABC have been joined in the facility by African Development BankAfrican Development Bank, Banque Misr (BM)Banque Misr (BM) and National Bank of EgyptNational Bank of Egypt as Mandated Lead Arrangers. The transaction launched into general syndication on February 4 through ABCABC and AUBAUB (International Bookrunners) and BMBM (Local Egyptian Bookrunner).
Omission Watch: Mitt Calls Adultery 'Absolutely Heinous'
In a not-so-veiled swipe at Giuliani and McCain, both of whom fell for younger women while still married, Romney told The Examiner that “people who commit adultery or other practices of that nature are carrying out absolutely heinous acts." .
RBS Achievers Award to be presented at 88th PGA
The First Tee recently announced 12 semifinalists for the third annual RBS Achievers of the Year Awards. Two finalists will be awarded $10,000 to fund future education during a ceremony at The PGA Championship. The First Tee recently announced 12 semifinalists for the third annual RBS Achievers of the Year Awards, a program created by The Royal Bank of Scotland Group, in conjunction with Charter One and Citizens Bank, to recognize deserving participants of The First Tee and help fund their future education.
Two finalists, one female and one male, will be announced during an awards dinner at the PGA Championship on August 16. The two finalists will each receive $10,000 and the 10 semifinalists $1,000, all to fund future education.
"RBS supports these young people in their efforts to succeed in life and in education," said Howard Moody, group director, communications for The Royal Bank of Scotland Group.
Pregnancy - Other Types Of Pain Relief
Tens devices are about the size of a small radio and are connected to electrodes placed on the skin, usually on your lower back. Electrical impulses result in a tingling sensation, which some women find annoying. The side effects of tens are usually no more than some skin irritation where the pads are stuck to the back. The electrical impulses do not affect the baby. Most studies of tens in labor have found it to be only mildly effective in reducing labor pain. .
Rudd in talks with RBA chiefs
Inflation is tipped to be the main topic of discussion when Prime Minister Kevin Rudd and Treasurer Wayne Swan meet Reserve Bank officials today. Mr Rudd and his Government have put tackling inflation as one of the key priorities of the new year. Federal efforts to cut spending are likely to be one of the main topics of today's talks. The Department of Foreign Affairs and Trade (DFAT) is slashing its budget by $57 million, with a number of overseas diplomats to be recalled and programs to promote Australian culture overseas being cut to fund the savings. The Federal Government says it does not believe the changes will affect its foreign policy priorities. Mr Rudd says the talks will look at the challenges posed by higher inflation and will help shape the Federal Government's future economic policy.
Trapper Byrne
Henry K. Lee is liveblogging the Hans Reiser murder trial. See his most recent Chronicle article on the trial here, and all his blog entries here. 12:17 p.m.: Oakland police crime-scene technician Bruce Christensen testified this morning that he processed Nina Reiser's 2001 Honda Odyssey minivan Sept. 9, 2006, the day when resident Chris Bunn found it on Fernwood Drive off Highway 13. Bunn has testified that the vehicle had been there for three or four days. Prosecutor Paul Hora flashed pictures of the minivan and its contents on a screen as Christensen narrated. Among the things found in the Odyssey was a purse, a compact mirror, a comb, a cell phone charger and a flip-style cell phone in the open position and with its battery detached, Christensen testified. He said search dogs were directed to some of those items in hopes that they could detect her scent and eventually find her.
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