Google Glass and Internet Cam Jobs
Google, Inc. (GOOG), Google Glass got its first porn app and is looking to ban
it. Google recently changed its rules to ban "explicit" content even though the
app did not originally conflict with the Google Glass platform developers'
policies. Google's revised policy states that, "We don't allow Glassware content
that contains nudity, graphic sex acts or sexually explicit material." Within
the past few years, there has been an explosion of a new jobs online as a webcam
model or cam models who perform on various adult entertainment sites. Whether on
Google Glass or just the Internet, adult porn jobs online is the now - new thing
for unemployed or underemployed individuals. A simple search on Google will pull
up endless amounts of adult chat rooms, internet cam jobs and webcam shows for
adults. Legal aged individuals reportedly make a ton of money as a webcam model
working out of their own home, setting their own work hours.
Opening arguments began Tuesday in a trial over whether a New York court should
approve an $8.5 billion settlement between Bank of America Corp. (BAC) and
investors reached two years ago over soured mortgage-backed securities. “We’re
not going to be done with this in June,” New York State Judge Barbara Kapnick
said. On Monday, attorney for Bank of New York Mellon Matthew Ingber told the
New York court that Countrywide had a maximum of $4.8 billion in assets to pay
the judgment on claims. More attorneys on Monday signaled they will argue that
Bank of New York Mellon lied to the court when they said it did not take steps
that would protect itself rather than the broader concerns of investors.
Potentially, investors will not be able to hold Bank of America responsible for
misrepresentations made by Countrywide on the quality of the underlying
mortgages, if a settlement is not approved. On Monday, Ingber said in court,
“You may hear a lot from the objectors about what the trustee should have done
or could have done or might have done. But, your honor, all those coulda,
woulda, shoulda are irrelevant if the pot of gold isn’t going to be there.” In
2008 BofA bought Countrywide Financial Corp. and the legal battle involves a
case involving bonds issued by the former mortgage lender. Investors, led by
American International Group Inc. (AIG) objected to the settlement, saying the
settlement offered only a fraction of the money they lost. Lawyers for the
objectors say the trustee for investors who bought the bonds - Bank of New York
Mellon Corp. (BK) - wanted to quickly reach a deal with a select group of large
investors in order to avoid thousands of investors staking out their own claims.
Attorney for the trustee said the negotiations were done at arms’ length.
Federal regulators designated Prudential Financial Inc. (PRU) and American
International Group Inc. (AIG) as "systemically important" - a categorization
that will likely subject the firms to additional capital, more liquidity and
oversight by the Federal Reserve based on its potential risk to the financial
system. The "systemically important" category implies the companies branded
such, are deemed to be so large or interconnected that they need additional
capital, more liquidity and oversight. After the review process is complete and
final designations are made by Federal regulators, they plan to publicly
disclose the names of all designated firms, along with an explanation as to why
the institutions were selected. Designated institutions have 30 days to announce
a challenge of the decision by regulators.
Data released Tuesday by the European Central Bank showed total assets of the
Eurosystem, consisting of the ECB and 17 national central banks of the countries
in the euro zone, fell by 10.75 billion euros ($14 billion) to EUR2.55 trillion.
A rough proxy for stress in the euro zone is the size of the European Central
Bank's balance sheet, which continues to decline. For the fourth straight
decline after seven weeks of increases, lending from national central banks
which includes emergency liquidity assistance to troubled banks, declined by
EUR4.45 billion in the week ended May 31. Total balance sheet is 15.1% below
where it was same period in 2012. The repayment of three-year loans taken out by
banks from the end of 2011 into early 2012 added EUR520 billion of liquidity to
the euro-zone's financial system in net terms, of which nearly EUR300 billion
has been repaid.
In a report released on Tuesday, during April the U.S. trade deficit rose by
8.5% to $40.3 as imports from China surged after the end of a major holiday
season in China. During April, U.S. exports rose 1.2% to a seasonally adjusted
$187.4 billion and U.S. imports increased by 2.4% to $227.7 billion. Deficits
with the European Union, Japan and OPEC oil producing countries rose while the
trade deficit related to petroleum fell for the third straight month.
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June 4, 2013