HUD director tapped to lead Sandy recovery

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“President Obama appointed the director of Housing and Urban Development (HUD), Shaun Donovan, to lead the government’s efforts to help states in the wake of Hurricane Sandy’s havoc.  Donovan will be in charge of recovery plans for states hit by the storm and direct federal assistance. The storm is expected to cost about $50 billion. New York Gov. Andrew Cuomo said he expects the federal government to provide the estimated $33 billion in damages and losses suffered in the state.”

http://www.rawstory.com/rs/2012/11/15/hud-director-tapped-to-lead-sandy-recovery/

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Crooks steal $1.5M in iPads from JFK

“It beats waiting in line at an Apple Store.  A pair of brazen crooks punched another hole in the lax JFK security when they stole a trove of new Apple iPad minis — worth $1.5 million — from the same cargo building that was the site of the 1978 Lufthansa heist featured in ‘GoodFellas,’ The Post has learned. The crooks struck shortly before midnight on Monday and used one of the airport’s own forklifts to load two pallets of the tablet computers into a truck, according to law-enforcement sources.”

http://www.nypost.com/p/news/local/ipad_heist_at_jfk_KUg25OxRZ3Xgpk58H7fXwJ

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1 Million Robots To Replace 1 Million Human Jobs At Foxconn? First Robots Have Arrived.

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“While consumers began to complain in response to media coverage over working conditions, prompting Apple to hire an audit of the factories, Foxconn’s President Terry Gou had another idea for dealing with labor concerns: replace people with robots. In fact, last year Gou said that the company would be aiming to replace 1 million Foxconn workers with robots within 3 years.  It appears as if Gou has started the ball in motion. Since the announcement, a first batch of 10,000 robots — aptly named Foxbots — appear to have made its way into at least one factory, and by the end of 2012, another 20,000 more will be installed.”

http://singularityhub.com/2012/11/12/1-million-robots-to-replace-1-million-human-jobs-at-foxconn-first-robots-have-arrived/

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FHA exhausts reserves, may need bailout

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“The Federal Housing Administration has exhausted its reserves, forcing it to institute another round of measures to shore up its finances.  The government agency’s capital cushion plummeted to -$16.3 billion at the end of fiscal 2012, according to a study prepared annually by an independent actuary. FHA is scheduled to present the assessment, along with its annual report to Congress, on Friday.  HUD is expected to announce Friday a series of changes designed to improve the agency’s financial position.”

http://money.cnn.com/2012/11/16/news/economy/fha-bailout/

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Bureaucrats Paid $250,000 Feed Outcry Over College Costs

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“Purdue has a $313,000-a-year acting provost and six vice and associate vice provosts, including a $198,000 chief diversity officer. It employs 16 deans and 11 vice presidents, among them a $253,000 marketing officer and a $433,000 business school chief.  Spending on administration has been rising faster than funds for instruction and research at 198 leading U.S. research universities, crowding out instruction at a time of skyrocketing tuition and $1 trillion in outstanding student loans.  Purdue and other public universities, which rely on state taxpayers, have become a flashpoint for anger about bureaucratic spending.”

http://www.bloomberg.com/news/2012-11-14/bureaucrats-paid-250-000-feed-outcry-over-college-costs.html

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UK survey finds one new ‘legal high’ goes on sale every week in Britain

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“A record 57 new legal highs have been detected so far this year, with the EU’s early warning system reporting the appearance of more than one new psychoactive drug on the market every week.  The rise and rise of legal highs is being driven by an explosion in the number of online retailers selling the new drugs in Europe, which has risen from 170 in 2010 to a record 693 internet ‘head shops’.  The European drug experts say those manufacturing the drugs are trying to evade attempts to ban them by using ever more obscure chemical groups to synthesise them; a rising number of products now include several psychoactive substances.”

http://www.rawstory.com/rs/2012/11/15/uk-survey-finds-one-new-legal-high-goes-on-sale-every-week-in-britain/

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Global terrorist organizations begin to respond to last week’s marijuana votes

“The President of the International Narcotics Control Board (INCB), Raymond Yans, has voiced grave concern about the outcome of recent referenda in the United States of America that would allow the non-medical use of cannabis by adults in the states of Colorado and Washington, and in some cities in the states of Michigan and Vermont. Mr. Yans stated that ‘these developments are in violation of the international drug control treaties, and pose a great threat to public health and the well-being of society far beyond those states’.”

http://www.drugwarrant.com/2012/11/and-the-terrorist-organizations-begin-to-respond-to-last-weeks-vote/

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Seattle Police Department publishes how-to guide for smoking pot legally

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“The Seattle Police Department on Friday published a how-to guide that explains the do’s and don’ts of marijuana legalization in the state. Written by a former writer for The Stranger, an alternative weekly newspaper in Seattle, readers might never guess it’s an official publication of the police department were it not for the .gov web domain. Despite the unprecedented nature of a major city’s police department releasing such a thing, it went completely under the radar until Thursday, when The Associated Press picked it up first.”

http://www.rawstory.com/rs/2012/11/15/seattle-police-department-publishes-how-to-guide-for-smoking-pot-legally/

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Postal Service losses tripled to $16 billion from previous year

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“The US Postal Service tripled its losses in 2012, bleeding $15.9 billion as the state-owned enterprise faces tough competition and what it calls onerous and unfair retirement funding requirements.  The US mail said its losses rocketed in the year to September 30 from a $5.1 billion loss last year, with more than $11 billion sucked off to pre-fund health benefits for service retirees long into the future.  Overall mail volume continued to shrink, by 5.1 percent, and operating revenues fell nearly one percent, to $65.2 billion.”

http://www.rawstory.com/rs/2012/11/15/postal-service-losses-tripled-to-16-billion/

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Hostess, maker of Twinkies, to go out of business after nationwide strike

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“Hostess Brands Inc., the company that makes Twinkies and Wonder Bread, has asked a judge for permission to go out of business and lay off 18,500.  The company is blaming its decision to shut down on a labor strike by members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, but Americans’ appetite for junk food has been waning in recent years.  ‘We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,’ Gregory F. Rayburn, Hostess’ chief executive, said in a statement.”

http://www.latimes.com/business/money/la-fi-mo-hostess-to-go-out-of-buiness-20121116,0,3714808.post

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