Daily Archives: May 4, 2009

The Bullies at 1600 Pennsylvania Ave NW

Jake Tapper of ABC News breaks the story of the White House Automobile Czar Steven Rattner, treating a Hedge Fund by using the White House press corp to destroy this firm. The firm  Perella Weinberg Partners an boutique investment bank executive met with Rattner recently on the issue refinancing Chrysler, LLC debt by opposing President Obama Restructuring plan.

Perella Weinberg  hired attorney, Thomas Lauria,  Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case told Frank Beckmann of WJR-AM 760 IN Detroit. Lauria said Perella Weinberg Partners  was threatened by the White House which caused his client to withdraw it’s opposition under full threat of the White House Press Corp.

However, a spokesman for Perella Weinberg denied Lauria accusation. And the White House also denied the accusation”The charge is completely untrue,” said White House deputy press secretary Bill Burton, “and there’s obviously no evidence to suggest that this happened in any way.”

Swine Flu; The Lastest: 30 States, over 200 cases, In Canada the virus has jumped from Human to Swine. Now The WHO warn there a chance that H1N1 could get worse in a second wave

From Fox News: 226 cases in thirty states of the Swine Flu that’s the latest from the CDC. That’s up 160 cases in 21 states. Officials acknowledge  there is backlog of tests and theH1N1 virus is widespread. It also confirms the flu strikes victims mostly  from pre-teens to adults in their thirties with healthy immune systems.

Mexican Health officials  says the the disease in on the decline,  while the US and 5 other North American countries. The number of dead according to the World Health Organization is at 19 and the 506 infected says Jose Angel Cordova, Health Minister of Mexico. Cordova says data show the virus peaked between April 23 and April 28, 2009.

Worldwide there are 800 cases. The Largest caseload is Mexico, followed by the US and Canada. Central America has one case confirmed in Costa Rica. Columbia has one case which is the first case in South American continent.

In New York, Organizers of the Cinco De Mayo celebration in Flushing Meadow-Corona Park in Flushing, Queens has postpone the festivities due to H1N1 virus.

In Hong Kong,Travelers staying at the Metropark Hotel have been placed in quarantine after a visitor from Mexico was tested for H1N1 virus. Hong Kong officials keeping the 200 guest and 100 employees  in the hotel for the next next seven days. The Mexican citizen who arrived on Thursday was tested He developed a fever after arriving and took a taxi to a hospital on Thursday.  evening. He is in a stable condition, officials said. Chinese officials have requested All 142 passengers and crew of that flight report to Hong Kong Authorities right away. However, an infectious disease expert Lo Wing-lok said the Hong Kong government was overreacting and overarching,

“He would have been infectious starting from the time he was on the plane. Think about all the people around him on the plane, while he was going through customs, waiting for baggage, in the taxi, in the hotel and when he got to hospital,” Lo said. “So how can it be effective if the government is just trying to isolate people in the hotel, it is a mission impossible.”

News from about the quarantine has put fear in the mind of Hong Kong citizenry. Sales of surgical masks and sterilizers continue to climb.

In Canada, there a report of a farm worker had infected  200 pigs on a farm. The worker just returned from a vacation from Mexico recently. It is believed that the worker may have coughed or sneezed in a barn  near the pigs.  The pigs are recovering. Only 10 percent of the pigs are infected.

Meanwhile Margaret Chan the head of the World Health Organization warned that there is a chance of a H1N1 virus  strengthened  in the fall in a second wave that may resemble the 1918 Spanish flu which killed 1 million people.

While the virus is on the wane in Mexico. Chan says it can come back with a vengeance.

“We hope the virus fizzles out, because if it doesn’t we are heading for a big outbreak.” But she said: “I’m not predicting the pandemic will blow up, but if I miss it and we don’t prepare, I fail. I’d rather over-prepare than not prepare.” Chan points that it’s taking longer than expecting to get the reports and test results.  But she defended the Mexican Government saying they are overwhelmed.

Fox News



AP Via Yahoo News

Financial Times