Current Events Project By Ryan Adhami, Frank Bono, and James Griffo Begin
Table of Contents Most Tragic Most controversial Most Memorable Most Contagious Most Outrageous Most Heroic Finish Work Cited
Bernie Madoff was arrested by FBI acussed of running Ponzi scheme
Ex Nasdaq chairman Bernard Madoff was caught running the largest ponzi scheme. He took $50 billion dollars in his scheme. Within hours investors who had trusted him were putting charges on him. One of them was the owner of the New York Mets. In 2007 the economy started to recess so many of his clients were taking there money early so he had no choice to give some of the money back. So to keep himself alive he started the ponzi. He tallied his deals in secret books that he locked in his main office. On Wednesday family and employees went to his East 64 th street apartment where he spilled it all out. Shocked they all called the securities which called the FBI. When agents showed up at his apartment Madoff admitted that he “Paid investors with money that wasn’t there”. This article was interesting because it shows how money can make you greedy. I feel bad for all the investors that gave him money.
Bloomberg Expected to Seek Third Term as Mayor
According to four of his advisors, Michael Bloomberg wants to serve a third term as mayor. Barred by law from running for mayor again, his term ends this year. Some people say that he is going to change the term limits as a political leader. The comptroller of New York, William C. Thompson Jr., plans to run agents Bloomberg as mayor. Many City council members and other services agree with Bloomberg to change the term limit. Three of Bloomberg’s advisors Ed Skylar, Patrica Harris, and Kevin Sheekey.
Barack Obama elected president
For the first time in 200 years America has changed. We have just elected our first African American president. He easily won the 270 electoral votes needed. He held the same states that John Kerry had in 2004. Including the larger states such as New York and California. Obama was a senator for Illinois. Since this article is very memorable I call this article “Most memorable”. Barack Obama made a change in our government by becoming President. He set a precedent for many African Americans in our country.
Swine Flu Hits Home
The health officials of New York are confirming that the swine flu has hit or come to New York. LI health offices are on high alert because the disease is spread by the air, so people that have this highly contagious disease must wear a facemask. Since this disease is highly contagious I call this article “Most Contagious”. The disease originated in Mexico so when Mexicans come to the U.S they spread this disease to places such as New York City. Patterson directed that the state department of health to mobilize this disease as an epidemic. In conclusion this disease is very new to the U.S so scientists are still researching it so there is no vaccine to prevent this disease.
Treasury chief puts bank CEOs on notice: improve performance or risk losing job in bailout
President Barack Obama is outraged about AIG giving these outrageous bonuses over $100 million. Secretary of treasury Timothy Geithner said if any major banks were not improving there will be more jobs lost. If this $700 million bailout won’t work than there will be a bigger risk of more banks going bankrupt and more jobs lost.
Most Heroic Airplane crash-lands into Hudson River; all aboard reported safe A US airways plane with more than 100 people on it crash landed into a very cold Hudson River. Everyone on the plane was alive and well. A bird hit the planes wing and the pilot radioed to the air traffic controllers and declared a state of emergency. After the bird hit the planes wing the plane crashed into the sheer cold Hudson River. Pilot Chesley B. “Sully” Sullenberger was named a hero after the landing that’s why I call this article “most heroic”. In conclusion this was the most heroic deed of the year in my opinion.
Work Cited Most Contagious- Newsday, April 26,2009 Most Controversial- New York Times, October 1, 2008 Most Heroic- CNN News, January 15, 2009 Most Memorable- US. News, November 4, 2008 Most Outrageous- Newsday, April 5, 2009 Most Tragic- Daily News, December 13, 2008