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TODAY IN HISTORY

    FREDDIE MAC AND FANNIE MAE BAILOUT
    July 14, 2008 - USA

    Freddie Mac and Fannie Mae who own or guarantee about $5.3 trillion worth of home loans about half of all US mortgages have seen a loss of confidence my the market due to the mortgage forclosure increase and the drop in property values in the United States. Both company Shares have been under increasing pressure and have lost as much as 80% of share value in just 12 months . The Fed has given the green light for the Federal Reserve Bank of New York authority to lend any money needed to allow them to continue providing mortgages at 2.25% and will expand its current line of credit to the two companies and buy shares of the companies if needed to prop up share price in these troubled times. Congress is also to approve a package next week which includes a foreclosure rescue to help strapped homeowners get new, more affordable government-backed mortgages through the Federal Housing Administration.

    ANHEUSER- BUSCH TAKEN OVER
    July 14, 2008 - USA

    After a $52 billion takeover deal, American beer maker, Anheuser- Busch, was taken over by the Belgian beer maker InBev on this day. The merging of the two companies made the newly combined company, Anheuser-Busch InBev, the largest beer maker in the world. The new combined company produces some of the most well known beer brands in the world including Bud Light, Budweiser, Becks and Stella Artois.

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RANDOM QUOTES

  • The wealth of the nation
    by Earth Day, Gaylord Nelson

    "...The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity that'as all there is. That'as the whole economy. That'as where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world...."
  • A Change is Gonna Come
    by Meredith Grey

    "...Change; we don't like it, we fear it, but we can't stop it from coming. We either adapt to change, or we get left behind. It hurts to grow, anybody who tells you it doesn't is lying. But here's the truth: Sometimes the more things change, the more they stay the same. And sometimes, oh, sometimes change is good. Sometimes change is everything...."

RANDOM FACTS

  • More vehicles
    about Stolen On New Year's

    More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?) Harvard Medical School
    about Eyesight Myth and Fact

    Myth: Staring at a computer screen all day is harmful to the eyes. Fact: Spending the day staring at a screen can tire or strain your eyes, but it will not hurt them. Make sure lighting doesn't create a glare on your screen. When spending long periods at your keyboard, take a break now and then to rest your eyes to reduce fatigue. Also, don't forget to blink. Your eyes need to stay lubricated to feel comfortable.

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Once upon a time deep into an enchanted forest, was a beautiful flower garden.

ARTICLE CONTENT :

Once upon a time deep into an enchanted forest, was a beautiful flower garden. Inside of this precious flower garden was tulips of every color. Marigolds that reflected the yellow of the sun. Purple gardenias that glistened with the drips of the morning dew.

Deep in this magical garden were talking roses. Amongst these roses was a georgeous Red one. So as the story goes,the Red rose looked at the Blue rose and said, Blue Rose, oh Blue Rose how could you ever be as beautiful as I, your petals hang so low to your thorns.

Then the Blue Rose cried and then the Red Rose laughed. She then looked over at the Yellow Rose and said to her, Yellow Rose, Yellow Yose how could you ever be as beautiful as I, you don't reflect the rainbows of rain in the sky like I. and the yellow rose did cry. the red rose just snickerd.

Just then in the distance the Red Rose did see. The most beautiful White Rose bud growing in extravagance. delicate with grace. petals firmed with desire. Just as fury burned inside Red Rose. Jealousy took over the Red Roses heart.

The Red Rose suddenly began to speak. then instantly the gardener came by and plucked the little red rose from off her stem right out of the bush.

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  • clarkeOwner :
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  • December 1, 2014Date Added :
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