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Wednesday, March 19,2008

Brand-Name Obsession

By Chuck Shepherd

India’s middle class is humming with “brand freaks” obsessed with luxury labels like Prada and Louis Vuitton, according to a February WashingtonPostdispatch, even though more than half of the country lives in “abject poverty.” As one consumer attested, “I’ll spend my whole salary for a really swank brand and eat idli (steamed rice cakes) for the rest of the month.” According to the newly launched India edition of Vogue, the country’s “Me Culture” has taken over. On a road in Ahmadabad, barefoot kids tap on car windows and beg for money while billboards for TAG Heuer and Montblanc tower overhead. By some estimates, the country has more uncared-for dogs on the streets than any other nation in the world; nevertheless, Gucci dog bowls are for sale in New Delhi.

News That Sounds Like a Joke
Toronto police announced in February that they arrested the man who stole a backhoe with the intention of driving it to a carwash in order to break down a wall and get at the facility’s coin machine. The call to police came from a snowplow driver who was hot on the heels of the backhoe, with the driver having diverted from his route to chase the thief.

Working its way through multimillion-dollar proposals for naming rights on campus buildings in exchange for donations, the University of Colorado decided in January to accept the offer of venture capitalist Brad Feld, who made a $25,000 donation to the school in exchange for having a second-floor men’s room named for him in a campus technology building.

Government in Action
In 2006, two ex-employees of Sioux Manufacturing Corp. revealed that the company had shorted the quality of the Kevlar in more than 2 million combat helmets sold to the Pentagon between 1994- 2006. In February 2008, Sioux agreed to pay $2 million to settle the dispute. In August 2007, however, while the Pentagon was still investigating, the U.S. Air Force nonetheless contracted with Sioux to produce new Kevlar combat helmets.

Police Blotter
Petty Criminals: A 43-year-old alleged shoplifter was arrested in Newburgh, N.Y., in January with 42 items under his clothes as he left a store. However, the total value of the items was only $132.07.


And in December, Wesley Gregory, 52, who works on parking meters for the city of Greensboro, N.C., was arrested and charged with embezzling nickels, dimes and quarters for five years, with his “haul” averaging about $10 a week.

People Different From Us
James Bowring, 45, told a court in Tauranga, New Zealand, in February that he wants to reconcile with his son, Jacob, 18, despite the elder Bowring’s recent conviction for trying to run Jacob over with his car at 50 mph (after making a U-turn and jumping a curb to get at him). James admitted that he was upset because Jacob had called him a “pedophile.” Then again, James had wooed Jacob’s 18-year-old girlfriend and gotten her pregnant Subsequently, a judge sentenced James to five months’ home detention in the bus he lives in with the pregnant girlfriend.

Least Competent Criminals
Should’ve Left Well Enough Alone: (1) Eric Livers, 20, a wanted man in Cheyenne, Wyo., fled scot-free to Portsmouth, N.H. But then he called his former Wyoming employer to ask that his final paycheck be mailed to his New Hampshire address. The employer called authorities, and Portsmouth police picked up Livers in February. (2) Jeremy Hart, 24, was arrested in Topsham, Maine, in December after allegedly burglarizing a home while the residents were asleep According to police, Hart hit a snowbank in the driveway as he was leaving, causing his car to stall. Hart allegedly become so cold that he walked back to the home, rang the victims’ doorbell and asked if he could come in to get warm. (The residents, aware that Hart had just been in their house, had already called police.)

Armed and Clumsy (all-new)
More people who accidentally shot themselves recently: A man, 20, showing off to friends, fatally shot himself in the head after miscounting bullets (Dallas, January). A man who said he didn’t feel safe walking his dog unless he had his gun with him, wounded himself on a walk (Palm Bay, Fla., February). A convenience-store robber, 25, shot himself in the genitals when stuffing the gun into his waistband (Kokomo, Ind., January). A man, 26, checking on a disturbance near his apartment, shot himself in the buttocks (Scottsdale, Ariz., December). An insurance company employee, 47, who brings a gun to work every day to hang in his cubicle, accidentally shot himself in both legs (Lake Worth, Texas, October). A man, 26, shot himself in the head while loading his gun at a firing range (Riverside, Calif., November).

© 2008 Chuck Shepherd

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Elections 2008
Obama seeks greater rein on financial institutions (AP)

President Obama makes a statement on AIG, Wednesday, March 18, 2009, on the South Lawn of the White House in Washington, prior to departing for a trip to California.  (AP Photo/Evan Vucci)AP - President Barack Obama says he wants Congress to pass legislation giving the government greater regulatory authority over financial institutions like American International Group.


Sources: Pentagon to stop forced tour extension (AP)

US Department of Defense handout photo shows an aerial view of the River Entrance of the Pentagon. The US military successfully shot down a short-range ballistic missile near Hawaii in a test of its ground-based missile defense system, the Pentagon said.(AFP/DoD-HO/File)AP - The Army will substantially reduce use of the unpopular practice of holding troops beyond their enlistment dates and will pay $500 to those still forced to stay in the service, defense and congressional officials said Wednesday.


AIG head shares US anger of bonuses but backs them (AP)

In a Thursday, Dec. 11, 2008 file photo, Edward Liddy, chairman and chief executive officer of American International Group Inc., (AIG), speaks in Hong Kong. Liddy goes to Capitol Hill this morning, March 18, 2009, where he'll reluctantly defend millions of dollars' worth of bonuses doled out to employees despite the company's need for a $170 billion government bailout. (AP Photo/Kin Cheung, File)AP - The chief executive officer of failed insurance conglomerate AIG acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress.


Analysis: White House, Dems backpedaling on AIG (AP)

An AIG office building is shown Wednesday, March 18, 2009 in New York. Edward Liddy, chairman and CEO of American International Group acknowledged Wednesday to congressional interrogators that some of the insurance giant's executive bonuses are 'distasteful.'  (AP Photo/Mark Lennihan)AP - For the first time since last fall's election, Democrats and the Obama administration are backpedaling furiously on an issue easily understood by financially strapped taxpayers: $165 million in bonuses paid out at bailed-out AIG.


Pence: Return AIG donations (Politico)
Politico - House Republican Conference Chairman Mike Pence is urging politicians from both parties to strongly consider returning campaign contributions from AIG.
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Top Stories
AIG head shares US anger of bonuses but backs them (AP)

In a Thursday, Dec. 11, 2008 file photo, Edward Liddy, chairman and chief executive officer of American International Group Inc., (AIG), speaks in Hong Kong. Liddy goes to Capitol Hill this morning, March 18, 2009, where he'll reluctantly defend millions of dollars' worth of bonuses doled out to employees despite the company's need for a $170 billion government bailout. (AP Photo/Kin Cheung, File)AP - The chief executive officer of failed insurance conglomerate AIG acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress.


Obama seeks greater rein on financial institutions (AP)

President Obama gestures while making a statement on AIG, Wednesday, March 18, 2009, on the South Lawn of the White House in Washington.  Joining him, from left are, Council of Economic Advisers Director Christina Romer, Treasury Secretary Timothy Geithner, and Director of the National Economic Council Lawrence Summers.  (AP Photo/Evan Vucci)AP - President Barack Obama says he wants Congress to pass legislation giving the government greater regulatory authority over financial institutions like American International Group.


Consumer prices rise by largest amount in 7 months (AP)

In this March 10, 2009 file photo, Doug Kemp, of Sturbridge, Mass., pumps gas at the Ell-Bern service station in Boston. Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.  (AP Photo/Lisa Poole, file)AP - Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.


Arts

Going Out on a Pier to Buy A Home

Late last week, New York City went out on a limb, or a pier to be exact, to help a group of people in Queens. For almost 100 years the 17 houses on Beach 84th Street Pier were owned by the state or

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