The insurer Yamato Life Insurance, one of the most important in Japan, has become the first Japanese financial company in bankruptcy because of global economic uncertainty. According to the local agency Kyodo, the company has submitted its application for bankruptcy to Japanese authorities after the Tokyo Stock Exchange fell sharply during this entire week to accumulate losses of more than 40% since the beginning of 2008.
The Japanese company, whose debts amount to 269,500 million yen (about 2006 million euros), has applied to the Court under judicial Tokyo under the law enacted in 2000 to protect financial institutions with problems.
Following the announcement released today, Yamato has become the eighth Japanese insurance company to bankruptcy since the end of World War II and the first finance company that advertises its bankruptcy since the insurer Tokyo Life Insurance fell in 2001.
Yamato Life of securities available for a total of 283,100 million yen (about 2108 million euros) and insurance policies valued at 1.07 trillion yen (about 8011. Million euros) at the end of fiscal year 2007, according The Japanese newspaper Nikkei.
The 16th most popular keyword searched-for term on October 15th was "Lipness Test". Good stuff! I think the litmus test for the general public is that they search for things like "lipness". Is this even a word?
"My your lipness is so captivating"
"You feeling lipness today?"
How about "lipey", "lipful", "lipish"? Why not these? Obviously, this term was taken from the 3rd presidential debate that overran our boob-tubes on the 3-letter channels today.
Who do you think the people that are searching for "Lipness Test" are voting for come November? Possibly the same ones that voted Bush in office for a second term...?
8 yrs following the blunder at Enron, purportedly, Wall St. should have learned that creative accounting, massive risk taking and corporate greed are bad, mmkay?. Federal regulation agencies and ratings companies should have been slapped in the face, also. However, the rules didn't ever change, and we're now in a bigger shitter, as stated by financial writer Bethany McLean indicates. Worse-off, she states, is that the regulating agencies are now supporting accounting methods that are closely-related to those that resulted in the fall of the energy giant. McLean had first noted that on the scummy deals of the petrolium pushers and afterwards co-authored a top-selling expose about the corporation called, "The Smartest Guys in the Room." As she is now an editor that contributes at the Vanity Fair magazine, she's presently working on an upcoming, book about the bailout or "rescue" package being offered by top executive and legislative proponents.
On the eve of his new title, Trap House, was scheduled to be released, rap artist from the dirty south, Gucci Mane is sitting behind bars in the "pokie" in Georgia prison.
Mane, who is also known as Radric Davis, handed him self over to the local cops on Thursday evening following an arrest warrant that was issued in response to a 5/10/08 gunfight at a nearby house which resulted in a twenty-seven year old man dead.
The twenty-five year old rap artist, who has a song titled "Icy", in conjunction with Young-Jeezy has became an international-hit, just found out about the charges on the day before while in NYC marketing his tunes.
Per witnesses statements given to Manes attorney, Dennis Scheib, Mane was meeting with a female acquanitance during the evening of the gunfight when 5 thugs — 3 of them dawned all-black clothing — barged into the residence. The un-identified gunmen threatened to cap the rap star, then pounded him in the jaw and bashed his friend in the head with their gun. Scheib stated a witness noticed a maylay and gunfire and saw the three men take off from the residence, with one homie asking another dude, "Are you shot?"
"The dude who was capped walked by the witnesses and booked into the forrest while the other 3 took off the other way and fled in a vehicle," according to Scheib. [Then]"my client got in his car and headed off the opposite direction of the guy who was hit. The landowner of the property stated that it appeared to be an armed-robbery."
Scheib, who is previously a police authority, stated that according to the evidence he compiled from those onsite, the gunshot seemed to be done in self defense. "If it were," he stated, "then is this why my client in prison for manslaughter?"
The corpse of one of the 3 men, Henry Lee Clark the 3rd, was later found 3 days afterwards near a nearby middle-school.
Mane & Young Geezy have been dissing each other on their albums for the last several weeks, purportedly over an argument arising from their hot co-hit. Jeezy slashed outward at Mane in a track called "stay strapped," as Mane fired back with his track called "round one."
Mane, whose album entitled, Trap House, is another phrase for a crib where smack is bought and sold, was placed under arrest in April of '01 on Coke possession charges and subsequently sentenced to ninety days in the slammer, according to the "Atlanta Journal-Constitution."
A hearing of whether or not Mane would be released on bond was scheduled for Monday, May 23rd, his attorney stated that he didn't believe Mane would be released before Tues. The home-boy is scheduled for an initial hearing on the fifth of July.
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