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Story: NYMAG
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Damon Dash and his wife, fashion designer Rachel Roy, are in danger of losing their two Manhattan apartments to foreclosure.
According to bank filings, Dash and Roy owe $7.3 million on the two properties and foreclosure proceedings have begun. Dash and Roy failed to meet monthly mortgage payments of $78,500 on the two pricey properties.
Lately, Roy has been struggling to keep her company afloat in a fluctuating economy. And no one knows what Dash does for a living after he sold his stock in Rocafella Records and Rocawear to former business partner Jay Z.
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I found myself in a crowd of people against the glass window of the Haymarket Lounge at the hotel on the corner. The police walked into us, spraying Mace on everyone and clubbing people. I remember somebody shouting that a woman was having a heart attack. This was a big mass of humanity being crushed. And as the mass fell backwards, my back was to the window, and I could hear this glass breaking. And all of a sudden the whole window collapsed, and everybody fell into the bar, where delegates were sitting there drinking and talking as if this was routine for a political convention. The police came charging in after us, and there were people all over the place, bleeding, cut. They were just arresting anybody who looked like they didn’t belong in the hotel. I don’t know what happened, but I walked out. I don’t even know where I went.
http://men.style.com/gq/blogs/gqeditors/politics/index.html
http://www.vanityfair.com/online/politics/2008/07/reliving-the-1968-democratic-convention.html
Sticking an ash can in a corona bottle will most definitely shatter the bottle.
No one got hurt
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On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt. These developments, he went on, could cripple or destroy hedge funds, investment banks and other major financial institutions like Fannie Mae and Freddie Mac.....
Read up.
http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html
Russian Soldiers cought on camera - robbing a bank in Georgia.
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The U.S. and Poland signed a preliminary accord today that will allow for 10 U.S. interceptor missiles to be based in the eastern European country, completing a defense system that Russia opposes.
The U.S. has agreed to Polish requests including modernization of its armed forces in exchange for the location of the missiles
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White people will no longer make up a majority of Americans by 2042, according to new government projections. That's eight years sooner than previous estimates, made in 2004.
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