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The Brits Are Drowning In Debt

Submitted by Dmitri Davydov on Sat, 2008-03-22 09:16.
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At one point, Alexis Hall had more than 50 pairs of designer shoes and handbags. It never occurred to the 39-year-old media relations executive from Glasgow that her £31,500 in debt ($63,000) would be a problem.

“It was so easy to get the loans and the credit that you almost think the goods are a gift from the shop,” she said. “You don’t fully realize that it’s real money you are spending until you actually sit down and consolidate your bills and then it’s a shock.”

Man Gets Stolen Mustang Back 38 Years Later

Submitted by Dmitri Davydov on Fri, 2008-03-21 18:57.
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(AP) LOS ANGELES - A Los Angeles man is getting his stolen Mustang back _ 38 years after it was stolen. The vehicle has an extra 300,000 miles and a different paint job, but Eugene Brakke’s 1965 Mustang is evidently running just fine.

Brakke reported the car stolen to Burbank police in May 1970.

One month later, a Long Beach teenager named Judy Smongesky received the car as a high school graduation gift from her father, who had bought it at a Bellflower used car dealer.

The Great Unwind has begun, Citigroup warns

Submitted by Dmitri Davydov on Thu, 2008-03-20 09:09.
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As markets and economies de-leverage across the globe, investors should avoid companies and countries that have grown to rely too much on borrowed money, they said.
 
That means favoring public-equity markets over hedge funds, private-equity and real estate, while leaning toward emerging market countries and away from developed nations like the U.S., the bank's global equity strategy team advised.

Norwegian hospital to equip babies with anti-theft alarms

Submitted by Dmitri Davydov on Tue, 2008-03-18 10:52.
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OSLO (AFP) - A Norwegian hospital said Monday it was planning to equip all newborn babies with anti-theft alarms to protect them from kidnappings and help avoid identity mix-ups.

"The main reason is that we want to emphasise security," Erik Normann, head of the Akershus University Hospital near Oslo told AFP.

"There was a period in which Norway experienced several infant kidnappings and that is something we want to avoid," he said.

A dozen pregnant women wanted - for ballet

Submitted by Dmitri Davydov on Mon, 2008-03-17 12:07.
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LONDON (Reuters) - Far from being heavy, lumbering and clumsy, pregnant women are often fascinating, beautiful and serene, according to the artistic director of one British ballet company.

And to prove it, Balletlorent is recruiting 12 pregnant women to star in a dance production alongside six professional ballet dancers.

Sex Too Hard to Sell These Days

Submitted by Dmitri Davydov on Sat, 2008-03-15 11:52.

(AP) HAMBURG, Germany - The oldest bordello in Hamburg’s red-light district is shutting down for lack of business, according to newspaper reports published Friday.

The family-run Hotel Luxor, established in 1948, is being sold to an investor and will close down for good next month, madam Waltraud Mehrer said, according to the Hamburg Morgenpost and Bild newspapers.

Vegas Man Paints Car Like Police Cruiser... And It's Not Illegal!

Submitted by Dmitri Davydov on Thu, 2008-03-13 11:10.

Jessie Vigil's black-and-white car sports a red-and-blue emergency bar across the top and the word "police" painted on the doors. Vigil, however, isn't a cop. Law enforcement agencies say what he's done with his car isn't illegal as long as he doesn't act like a police officer.

Judges overturn libel verdict over bad review given Irish pizzeria

Submitted by Dmitri Davydov on Wed, 2008-03-12 11:04.
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DUBLIN, Ireland - The decision was bound to leave a bad taste in somebody's mouth.

In this case it's the owner of Belfast pizzeria whose unprecedented libel verdict has been overturned by a Northern Ireland appeals court.

Owner Ciaran Convery successfully sued a Belfast newspaper over a review that deemed his Goodfellas restaurant smoky, sloppy and unappetizing.

But Northern Ireland Chief Justice Brian Kerr ruled that a Belfast jury erred in law last year when it awarded Convery $50,000 in damages.

Overdosed! Requiem for a Departing Economic System

Submitted by Dmitri Davydov on Wed, 2008-03-12 08:37.
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Continued US Fed liquidity injections like the Fed's previous "Term Auction Facility" (TAF) and today's novel "Term Securities Lending Facility" (TSLF) will only serve to overdose the economy with exactly what ails it: too much credit. This will further boost the price of everything - and in particular, of gold and silver.

The following headline and byline appeared this morning, March 11. 2008, on MarketWatch.com:

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