A new proposal by the Obama Administration is supposed to help homeowners facing foreclosure but The Young Turks host Cenk Uygur shares the dirty details. Read more here: www.huffingtonpost.com The Young Turks on Current TV: current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com Support TYT for FREE: bit.ly
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Volunteer for Schiff For Senate and help spread the word! You can make a big difference and every volunteer counts — Do not be left out –do your part to make sure Connecticut voters send Peter Schiff to the United States senate. The stakes are too high to sit by and hope others do the work. If everyone participates I do not see how we can lose. also check me out on www.facebook.com and twitter.com
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World Bank: Food prices at “dangerous levels”
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The National Theatre – South Bank, London
The National Theatre opened in 1976 and comprises of three seperate theatrs ,The Olivier, The Lyttelton, and the small Cottesloe. Shows are usually in repertoire with each theatre putting on at least two shows a month.
The National complex has several cafes/bars, restaurant, and a bookshop. Prior to the start of the show there are free live acts in the Olivier foyer, as well as several free exhibitions. Back Stage Tours can also be arranged.
In November , the Olivier is putting on “Hamlet”, with a cast including Rory Kinnear (Hamlet), Clare Higgins (Gertrude), David Calder (Polonius), Patrick Malahide (Claudius), Ruth Negga (Ophelia), James Laurenson (Ghost/Player King), Matthew Barker and also thier are perfomances of Fela !
Fela! is about the extravagant, decadent and rebellious world of Afrobeat legend Fela Kuti. Featuring his pioneering music (a unique blend of jazz, funk and African rhythm), Fela! explores Kuti’s controversial life as artist, political activist and revolutionary musician.The show is a hybrid of concert, dance and musical theatre.
The Lyttelton will be showing both “Men Should Weep” – a vivid ortrayal of impoverished 1930s Glasgow, and “Blood & Gifts” – a political thriller packed with mad humour that sweeps from refugee camps to mountainous tribal regions and ultimately to the corridors of power in Washington DC.
The smaller theatre, Cottesloe, starts november with “Or you could Kiss me” and ends it with a version of “beauty and the beast”
The National Theatre is well worth a visit, and you can always find at least one play that you will want to see whilst in that part of London.
Article from articlesbase.com
source: news.bbc.co.uk BBC NEWS | Greg Palast | World Bank ‘fails poor’ says Stiglitz – FIRST BROADCAST 27 APRIL 2001 IMF and World Bank meet in Washington – Greg Palast reports for BBC Television’s Newsnight. Three weeks ago James Wolfensohn, President of the World Bank, was supposed to appear on CNN, and he told CNN that if I showed up and they put me on the air he would not appear; he would remove all tapes of his interviews if Greg Palast were allowed on the air. And CNN did the courageous thing and yanked me out of the studio. Now we’re going to find out why. featuring: Joseph Stiglitz(fmr chief economist World Bank)
The bank process the check with a very cognizant practice. The real works just begin as the check is processed on the counter of your bank branch. Banks are open for 24 hours to process financial transaction under with tight deadlines’ pressure and bulky volumes. The journey of the check starts on the distribution area where all assured proof work is handed over the incurring department.
Secondly, the incurring department measures the proof check and estimate the number of items then distributes it to the operator.
Third, the operator encodes the dollar amount along with any missing account number and routing numbers with micro ink: the magnetic ink will enable sorting machine to read the check. The operators make sure that all transactions are on balance before sending them on the sorter. The sorter reads the micro ink on the bottom of the check: sort them and categorize them. The sorter machine microfilmed the check as it sorts and also endorses the check, and prints them with unique sequence number.
Fourth, when the sorter can not function, the proof check can be then delivered to the reconciling department. The reconciling department finds and corrects all the rejected items from the sorter when it is needed. Then the department balances all of the captured check and sends the transfer out to the other banks.
Afterwards of all the reconciling works done, information on account is transferred to the holding system. When holding finish processing any exceptions were on composed items it is preceded to auditing. Auditing the check essentially needs speed and accuracy.
Finally, all Non-Sufficient Funds (NSF) or Bounced Check is returned to other banks within 24 hours or the bank takes the lost. Adjustment of bank accounts with marking and keeping several years on microfilm and microform records for all checks. Branches can key in inquiry online and get the customer copy of their check for positive items. Obtain the sequence order, to obtain the copy of the check, from the holding system. When’s time to be mailed out to the check with customers’ statement. The checks are sorted to account number order and delivered to the matchmaker. Our customers’ statements are assembled with checks and the other mergers.
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Washington Mutual (Wamu) Bank is a business that goes by the old adage, “If you’re not growing, you’re dying.” Wamu has a very long history coming into modern times of mergers, buy outs, and the type of expansion that have kept them a growing and thriving business through both good and bad economic times. Any bank that is capable of this type of consistent growth usually shows a history of good decisions and the type of solid foundation that indicates an admirable business model.
The history of this institution reflects this. In 1911, when the predecessor to the bank was barely over a decade old, they recruited Eugene Favre, co-founder of Murphey Favre Inc, and investment firm that was based out of Spokane, Washington. At this point the business was known at that time in the early century as Washington Savings and Loan Association.
It’s easy to keep expanding during good times (not always for the best) but the continued expansion during rougher times is what kept the bank strong. During World War I they managed to continue to expand assets by a mind boggling 68%, setting them up with a solid foundation that would help them to ride out the severe recessions that would later follow and cripple much of the country.
This accomplishment didn’t go unnoticed. After the war years Washington Mutual had a hard earned reputation as one of the strongest and most fundamentally sound savings and investment institutions in all of Washington state.
In 1923, this bank started its now renowned “Saving Their Pennies” program. This program was aimed at schools to help teach children the value in saving money. During that first drive, almost 17,000 school children made deposits. This tradition has since helped tens of thousands of kids to learn how saving money is more important than spending it, a message that you wish more institutions would teach.
Washington Mutual’s first true acquisition came at a time when most banks where facing the pressures of the Great Depression. On July 25, 1930, at the request of Continental Mutual Savings Bank, Wamu Bank purchased their bank to protect their customers and help steer the new combined bank through the very difficult times that were already upon them, and the worse ones yet to come.
Wamu continued to be a pioneer, installing its first computer in 1962 as the technology was just burgeoning, and also creating innovative payment systems for inner city housing to help slow and fight the on going decay of inner city infrastructure.
They went from a private institution to a public one in 1983. Within six years the bank more than doubled in size, proving that even during an entire decade marred by recession, they knew how to not only survive, but to thrive in adverse conditions. There were many mergers in recent years, as well, including with Great Western Financial Corporation, H.F. Ahmanson & Co., Dime Bancorp, Inc., and also a take over of Providian Bank.
Washington Mutual is now one of the largest banks in the United States, and their history indicates that if they continue with their innovative tactics and home based banking, that this company will continue to have a bright future
Washington Mutual Bank, better known as WaMu, is one of the largest banks in the United States. Originally based in the Washington state area, WaMu has since expanded to be a national company that even has its stock actively traded on the American stock market. One of the aspects of this history that makes this bank especially interesting is the fact that they are constantly on the forefront of innovation.
There are many examples of Washington Mutual being one of the first banks to experiment with new ideas or practices that are commonplace today among banks and banking institutions in general. Some of theses examples include:
- The first home loan, given in 1890
- The first “shared” network of ATM machines, in the late 1970s.
- Designed a retail store design that was so unique that it was issued a U.S. patent to avoid copycats.
These are just three examples out of many more that show how it can pay to break out of the pack and think creatively. What makes the first example even more amazing, however, is that while they gave what might very well have been the first home loan in 1890, the bank was only founded in 1889.
Washington Mutual was started in Seattle shortly after a devastating fire nearly wiped out the city. During this time of rebuilding this bank become renowned for being extremely involved in the local community. This reputation helped the bank to grow and expand as the city of Seattle recovered, and they did well enough that eventually they continued to grow and go from a local bank to a regional, then national, bank chain.
WaMu’s original name in 1889 was actually “The Washington National Building and Loan Association” and was developed specifically to set up a safe system where investors could lend money to neighbors who needed to rebuild after the Seattle fire. This system which helped to guarantee safe investing and efficient use of the money helped create a bank that would still be growing over a century later.
This bank made the first monthly-installment home loan, at least on the Pacific Coast, on February 10, 1890, to a Norwegian sailor who borrowed $700 in order to build a hose in Ballard, which was a specific Seattle neighborhood. This “creative” version of a home loan proved to be both wildly successful and poplar, gaining so much press that Seattle ended up being re-built on these loans, as Washington Mutual made more than 2,000 similar loans to help build 250 blocks of housing in Seattle.
In modern times, WaMu continues to strive to be a bank that is known for being a part of every community you can find a branch in. The first open annual shareholder meeting took place in 1984, and has remained an annual tradition since then. Washington Mutual is now a publicly owned bank that is larger than at any other time in its history thanks to continued growth.
No one can know what the future holds, but if the past is any indication, then the forward thinking that has helped Washington Mutual Bank grow in the past will keep them at the forefront of banking in the future.
There are times when the term mutual can be distinctly misleading. Take the case of the Washington Mutual. This term is the name does not have any connection to any mutual funds company and it is not a credit union. The Washington Mutual is actually a bank. This bank does business with both small and large customers. While many of its clients are average people, there are times when small banks conduct their business transactions with this bank too.
While this bank was founded in 1889, it has consistently given the best service that is possible to its many clients. During June 2005 Washington Mutual became known as the sixth largest bank in the US. The many assets which were valued at this time period showed a value of about $350.7 billion US dollars.
The services that Washington Mutual provides to its customers is that of insurance services, consumer lending, credit card services, consumer investment services, commercial real estate mortgage, retail banking, business lending, mortgage lending, business banking. To help its customers Washington Mutual opened 2,600 mortgage lending, retail banking, financial services offices and commercial banking in June 2006.
Now even though Washington Mutual Bank is the sixth largest bank in the US it is the sole surviving major Seattle based bank. The other banks which operated in Seattle all become parts of various banking mergers. In addition to these branches of the Washington Mutual Bank there are various subsidiaries.
These are Washington Mutual Insurance Services, WM Financial Services, and Washington Card Services. Together with all of these services the Washington Mutual Bank is able to provide all of its customers with the requirements and services that want.
The current headquarters of Washington Mutual is called the WaMu Center. This center is located in the downtown area of Seattle. The building where the bank was earlier located still stands a block away from the new headquarters. This building is known as the Washington Mutual Tower.
As part of its desire to help its customers this bank has numerous customer friendly services. These services include free ATM withdrawals, one free overdraft per year, free checks for life, three cents given back to customers on their debit card, free outgoing international and domestic wire transfers.
The official slogan of Washington Mutual is “The WaMu Wayâ€. By the way Washington Mutual began using its abbreviated form as the official company name abbreviation in all forms other than the legal point. For all of its customers Washington Mutual is a bank that cares about the people whom they serve.
