Choose life or meth

1. Loftus questions Punta Gorda dock funding OUR TOWN
PAGE 1
CharlotteSun STUDY: RED MEAT CAN BE DEADLY
The largest study of its kind finds that older Americans who
BASEBALL
SCHILLING OUT
AND WEEKLY
HERALD
eat large amounts of red or processed meat face a greater Curt Schilling announces his
risk of death from heart disease and cancer. FRONT PAGE 6 retirement on his blog. SPORTS PAGE 5
AN EDITION OF THE SUN
VOL. 117 NO. 83 AMERICA’S BEST COMMUNITY DAILY TUESDAY MARCH 24, 2009 www.sunnewspapers.net 75 cents
Dow surges 497 points
Wall Street rejuvenated by bank, home sales news
By TIM PARADIS Investors added rocket indicators surged about 7 began last fall. But the day’s
AP BUSINESS WRITER fuel Monday to a two-week- percent, including the Dow, banking and housing news
NEW YORK — Wall Street old advance, cheering the which had its biggest per- bolstered the growing belief
got the news it wanted on the government’s plan to help centage gain since October. that the economy is starting
economy’s biggest problems banks remove bad assets Analysts who have seen to heal, and that is what had
— banks and housing — and from their books and also the market’s recent false investors buying.
celebrated by hurtling the welcoming a report showing starts are still hesitant to say “It’s just hard to argue that
Dow Jones industrials up a surprising increase in Wall Street is indeed recover-
nearly 500 points. home sales. Major stock ing from the collapse that SURGE | P4
AP PHOTO
A “For Sale” sign is attached to a
house in Newark, N.J., Monday.
Florida
housing
sales rise
STAFF, WIRE REPORTS
The sale of existing Florida homes
and condos rose for the sixth
straight month as buyers took
Highly advantage of falling prices and a
sense of rising consumer confi-
addictive dence, the Florida Association of
Realtors said Monday.
drug may
Sarasota-Bradenton area sales fell
slightly, but Charlotte County sales
rose 7 percent, the state association
destroy said. That came as no surprise to
Charlotte Realtors.
users “I think our local board is report-
ing even higher numbers than that,”
said Dave Nelson of Investors
By SUSAN E. HOFFMAN Choice Real Estate in Englewood. “I
DESOTO ASSISTANT EDITOR can tell you that we’ve been
WAUCHULA — Detective extremely busy for the past two
Clay Nicholson was stunned months.”
when Kathy Hawk invited The rest of the country followed
him to her special celebra- Florida’s example as sales of existing
tion. It was he, after all, who homes grew 5.1 percent nationally. It
had arrested her a year was the largest sales jump since July
before for possession of 2003. Industry experts had been
methamphetamine. predicting a drop in sales.
Hawk, of Wauchula, was In Florida, existing home sales
angry with Nicholson for a rose 20 percent in February. Thirteen
long time. At one point, she of Florida’s metropolitan statistical
said, "I wanted to go to him areas reported increased existing
with a gun in my hand, and PHOTO ILLUSTRATION, INSET PHOTOS PROVIDED BY THE FACES OF METH home sales last month and 11 MSAs
kill myself in front of him." showed gains in condo sales. The
The Faces of Meth, a project of the Multnomah County Sheriff’s Office in Oregon,
But it was also Nicholson, a shows some of methamphetamine’s physical effects. Users may have sores on the median sales price for existing
member of the Hardee face caused by “meth bug” delusions, rotten and missing teeth from “meth homes last month was $141,900,
County Sheriff's Drug Task mouth,” and the haunted “living dead” appearance of a hard-core addict. Visit down from $199,300 last year. That
Force, who first reached out to www.facesofmeth.us for more information. marks a 29 percent drop in price.
help her by suggesting she The number of houses sold in the
visit his church. When she fingers and toes the number who the appetite. Unlike most drugs that Punta Gorda MSA, which includes
finally did, she took that first have gotten off it and stayed off." last only an hour, the effects of meth
step on her road to recovery. Col. Claude Harris of the Hardee linger for up to a day. But it can also HOUSING | P4
So it was Nicholson she County Sheriff's Office said, "If you cause paranoia, hallucinations and
called to help celebrate the
Jail mulls
get clean, there's always someone delusions, according to the National
first-year anniversary of her who wants you not to be clean: your Institute on Drug Abuse, under the
new life, the one without dealer, or a customer you used to sell National Institutes of Health.
meth. Nicholson, surprised, drugs to." "Lieutenant A," an undercover anti-
but honored to be asked, was
proud that she turned her life
around.
Methamphetamine is a very addic-
tive stimulant, said to be more power-
ful than cocaine and more addictive
drug agent with the DeSoto County
Sheriff's Office, said, "Because the
drug increases paranoia, dealers tend
electronic
"In 12 years we've arrested
thousands of people on meth
charges," Nicholson said,
than heroin, according to www.drug-
rehab.org. Its immediate effects
include making the user feel ener-
to be paranoid and less likely to sell to
someone they don't know." This monitoring
"and I can count on my gized, increasing libido and decreasing CHOOSE | P4 BY THE ASSOCIATED PRESS
OCALA — A central Florida county
is considering electronically moni-
toring nonviolent offenders instead
of keeping them in jail.
The Marion County Commission
Obama targets toxic assets AP FILE says a pilot program could release
PHOTO some inmates with ankle bracelets
In this would reduce overcrowding at the jail
By TOM RAUM March 16 and cut expenses. Inmates would pay
ASSOCIATED PRESS WRITER WHAT ARE TOXIC ASSETS? file photo, the cost of their own supervision.
WASHINGTON — The Obama What exactly are these toxic assets the Treasury Commissioners are seeking more
administration aimed squarely at government wants to get off the banks’ Secretary information from potential contrac-
books — and how are they be poisonous? Timothy tors. Some county judges approve
the crisis clogging the nation’s
• See page 2 Geithner the plan, saying “the answer is not
credit system Monday with a plan always banishment.”
to take over up to $1 trillion in sour makes
in crucial blanks in the administra- remarks to Sheriff Ed Dean says he’ll comply if
mortgage securities with the help of tion’s financial rescue package and judges approve the program, but he
private investors. For once, Wall small
formed what President Barack business opposes the idea “if it’s only a way to
Street cheered. Obama called “one more critical save money.” He says an ankle
owners in
The announcement, closely stage- bracelet wouldn’t change behaviors
Washington.
managed throughout the day, filled TARGETS | P4 that landed many inmates in jail.
INDEX| FRONT: Nation 2,6 | World 6 | State 7 | Business 8-10 | Weather 12 | OUR TOWN: Calendar 2 | Police Beat 3 | Obituaries 4 | Crossword 9 | Viewpoint 10
Daily Edition 75¢ High Low
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2. Front Page 2 D/E/N/C www.sunnewspapers.net NATIONAL NEWS NEWS The Sun /Tuesday, March 24, 2009
| NATION
1 in 5 workers
Meltdown 101: What the ‘toxic’ assets are
has no health WASHINGTON (AP) — A assets on banks’ books. dollars that they wouldn’t formally adopt the new assets. That could include
insurance fresh effort to end the Q: So how will the new likely get back. standards early next securities backed by
paralysis in lending was plan for getting toxic Another problem: With month, putting them in credit card debt, student
WASHINGTON — launched Monday by the assets off banks’ balance the markets tumbling force for the second loans or auto loans.
American workers — Obama administration, sheets work? lower, there just wasn’t quarter. Q: How did these
whose taxes pay for which will join with A: It’s what the govern- enough time to figure out Q: Are there other toxic things come to be called
massive government investors to buy up around ment calls a public-private how to price the assets. assets, besides mortgage- toxic assets, anyway?
health programs — are $500 billion in soured investment partnership, So the Bush officials linked securities, that are A: The precise origin of
getting squeezed like assets from banks. with the goal of scooping abandoned the idea. involved here? the phrase is somewhat
no other group by the But what exactly are up about $500 billion, and Instead, they opted to use A: The main focus for shrouded in mystery,
nation’s health insur- these toxic assets the eventually $1 trillion, in hundreds of billions in the new program is on though it seems to have
ance woes. While just government wants to get toxic assets. The govern- rescue funds mostly to assets tied to residential come into usage not
about all retirees are off the banks’ books — and ment will put in $75 billion directly inject capital into and commercial mort- long ago, in mid-2007. It
covered, and nearly 90 how did they get to be to $100 billion taken from banks to get them to lend gages. But the Treasury may have been a Wall
percent of children have poisonous? its $700 billion financial again. Department said that Street analyst who first
health insurance, Here are some questions bailout program. Now we’re back to could evolve, based on used the phrase,
workers now are at and answers about the For every $100 in bad buying up toxic assets. The market demand, to observers say. It caught
significantly higher risk holdings that are at the assets being purchased, idea behind the Obama embrace other types of on, big time.
of being uninsured than heart of the financial crisis private investors would plan is that private
in the 1990s, the last
time lawmakers
and that now figure in the
government’s solution.
put up $7, to be matched
by $7 from the govern-
investors would help
jump-start a robust market
ENGLEWOOD DESOTO
attempted a health care Q: Toxic assets? Sounds ment. The remaining $86 for the securities, poten- CIRCULATION CIRCULATION
overhaul, according to a dangerous. And they would be covered by a tially lifting their value Customer Service Customer Service
study to be released sound more like liabilities government loan, provided because they could be sold 941-681-3000 863-494-2434
Tuesday. than assets.What are they, in many cases by the — and establishing a Fax: 941-681-3008 Fax: 863-494-3533
The study for the and how many are there? Federal Deposit Insurance logical price for them. info@sun-herald.com
Robert Wood Johnson A: Toxic assets are, Corp. — the same folks Q: Don’t banks have to
Foundation found that mostly, the investments who provide insurance to periodically disclose NORTH PORT CHARLOTTE
nearly 1 in 5 workers is backed by risky subprime make sure depositors don’t estimates of how they are CIRCULATION
uninsured, a statistically mortgages that are held by lose all their money when valuing these assets? So CIRCULATION Customer Service
significant increase the larger U.S. banks and a bank fails. then, how can people say Customer Service
from fewer than 1 in 7 that have lost value. They Q: Right. So why is this it’s hard to figure out their
941-206-1300
941-429-3000 Fax: 941-629-2085
during the mid-1990s. hang like shackles from the plan just now coming out? price? Fax: 941-423-2318 info@sun-herald.com
banks’ feet, dragging down A: When the financial A: That’s right, banks info@sun-herald.com
Robin Williams their balance sheets and crisis raged in September, have to peg the value of Punta Gorda Herald office
recovering from their fortunes. the Bush administration their assets every quarter. 941-205-1000
heart surgery It started in early 2007, first looked to have the In another twist, the
when the mortgage crisis government buy up Financial Accounting Display Advertising
NEW YORK — Robin hit and defaults on hundreds of billions of Standards Board — under
Williams was recov- subprime home loans, dollars in banks’ toxic prodding from Congress — North Port 941-429-3000 National & Regional Advertisers
ering at the Cleveland those made to borrowers assets. That raised prickly last week proposed easing Charlotte 941-206-1214 941-206-1270
Clinic after heart with tarnished credit questions of how to price requirements for valuing Englewood 941-681-3000 ads@sun-herald.com
surgery that his histories, began to climb. them. They are complex assets under the so-called DeSoto 863-494-2434
doctors deemed That gutted the value of and no one, not even the mark-to-market
successful, his publi-
cists said Monday.
the mortgage-backed
securities — subprime
banks themselves, truly
knows how much they are
accounting rules. Those
rules require banks to
Classified Advertising
The 57-year-old mortgages bundled worth. value assets at current 866-463-1638
actor had an operation together and sold on Wall Considering them prices. The leeway Fax: 866-949-1426
to replace an aortic Street to investors — held radioactive, investors were proposed by the standard- classified@sunnewspapers.net
valve on March 13, on the books of the big loath to touch the assets — setting board would allow
publicists Mara banks. although they could fetch them to be valued at what
Buxbaum and Chris When the banks — like higher prices in the future they would go for in an
Kanarick said. He was
expected to make a
Citigroup Inc., Bank of
America Corp. and
after the housing market
recovers.
“orderly” sale, as opposed
to a forced or distressed
Sun Newspapers
complete recovery in JPMorgan Chase & Co. — If the government paid sale. MEMBER of the Audit Bureau of Circulation
the next eight weeks. started writing down the too little for the assets — You see, the official value
“His heart is strong value of the securities, they that is, close to recent sales of these assets has become President..................................Derek Dunn-Rankin ....................941-206-1001
and he will have reported billions of dollars prices of only a few cents very low because current Publisher..................................David Dunn-Rankin.....................941-206-1003
normal heart function of losses. Their capital on the dollar — it could market conditions would Editor........................................Chris Porter .................................941-206-1134
in the coming weeks eroded and they didn’t potentially wipe out the make it hard to fetch much Managing Editor.......................John Hackworth ..........................941-206-1147
with no limitations on have the money to make net worth of many banks for them. The theory is DeSoto Sun Editor ...................Laura Schmid .............................863-494-0300
what he’ll be able to loans. Credit dried up. and set off a wave of bank that they’d be worth a DeSoto General Manager ........Joe Gallimore..............................863-494-0300
do,” said Dr. A. Marc Banks large and small failures. On the other higher and more realistic Charlotte Sun Editor.................Christy Arnold..............................941-206-1168
Gillinov, a cardiotho- foundered and failed. The hand, if Uncle Sam paid price if sold in a more North Port Sun Editor...............Lorraine Schneeberger................941-429-3003
racic surgeon at the crisis was in full throttle. too much, he could risk orderly, less “forced” North Port General Manager ....Steve Sachkar.............................941-429-3003
Cleveland Clinic. “A There now are an costing taxpayers manner. Englewood Sun Editor..............Mike Billington............................941-681-3000
couple of hours after estimated $2 trillion in bad hundreds of billions of The board could Englewood General Manager ...Lang Capasso.............................941-681-3000
surgery, he was
entertaining the
medical team and
EPA:
COMMUNITY HEALTH FAIR
making us all laugh.”
Great Lakes ice Global
disappearing
CLEVELAND — Ice
warming Tuesday, March 24, 2009
cover on the Great
Lakes has declined
more than 30 percent
threatens 10 a.m. - 2 p.m.
since the 1970s, WASHINGTON (AP) —
The White House is
Sandhill Gardens Retirement Residence
leaving the world’s
largest system of reviewing a proposed 24949 Sandhill Blvd., Deep Creek, FL 33983
freshwater lakes open finding by the
to evaporation and Environmental Protection
lower water levels, Agency that global
according to scientists warming is a threat to
public health and welfare.
TOPICS & SPEAKERS
associated with the
National Oceanic and Such a declaration 10:00 a.m. - 10:30 a.m. 1:00 p.m. - 1:30 p.m.
Atmospheric would be the first step to
regulating carbon dioxide
DEMENTIA AGE MANAGEMENT
Administration. Amy Mellor, M.D., Neurology Robert Watine, M.D., Internal Medicine
They’re concerned and other greenhouse
about how the milder gases under the Clean Air
Act and could have broad 10:30 a.m. - 11:00 a.m. 1:30 p.m. - 2:00 p.m.
winter freeze may
affect the environ- economic and environ- FIBROMYALGIA STROKE
ment. But they’re also mental ramifications. It Leslie Tar, M.D., Rheumatology Xiaomei Gao-Hickman, M.D., Neurology
trying to come to also would likely spur
terms with a contradic- action by Congress to 11:00 a.m. - 11:30 a.m.
address climate change
tion — the same
more broadly. SIGNATURE KNEE REPLACEMENT
climate factors that
might keep lake ice The White House Mark Davis, M.D., Orthopedic Surgery
from freezing might acknowledged Monday
make freezing more that the EPA had trans-
mitted its proposed
likely if lake levels drop
due to evaporation. finding on global COMMUNITY RESOURCES
warming to the Office of
Management and Budget, PEACE RIVER CTR FOR BALANCE DISORDERS NUTRITIONAL SERVICES
Police probe but provided no details. It ARTHRITIS FOUNDATION GE MEDICAL, INC.
radio reporter’s also cautioned that the WELLNESS CENTER ALZHEIMER’S ASSOC. MEMORY MOBILE
suspicious death Obama administration,
which sees responding to
NEW YORK — Police
climate change a top
are investigating the
slaying of a longtime
priority, nevertheless is
ready to move cautiously
EXHIBITORS
radio reporter who was Alzheimer’s Association Charlotte Regional Wellness Ctr. Peace River Regional Medical Ctr.
when it comes to actually
found in his apartment American Eldercare Comprehensive Home Care Peace River Ctr for Balance Disorders
regulating greenhouse
bound with duct tape American Red Cross Family Home Health Peace River Home Health
gases, preferring to have
and stabbed to death. A Preferred Nursing G.E. Medical, Inc. Step Up Physical Therapy
Congress act on the
An autopsy found Caregivers For Seniors Hearing Aid Center St. Vincent DePaul Community
matter.
that George Weber, 47, Charlotte Regional Medical Ctr. Home O2 Healthcare
The Supreme Court two
died of repeated stab Charlotte Regional Joint Academy Hospice of S.W. Florida Vanguard Pharmacy
years ago directed the
wounds to the head, Charlotte Reg. Sleep Disorders Ctr. Lifeline
EPA to decide whether
neck, torso and arms.
greenhouse gases,
Police believe he was
especially carbon dioxide free screenings! refreshments! register to win raffles!
killed Friday, but his
from burning fossil fuels,
body was found
pose a threat public
Sunday after his boss
health and welfare CALL 941-268-3711 TO REGISTER FOR LECTURES
350828
reported him missing.
because they are warming
— From wire reports the earth.
The SUN (USPS 743170) is published daily at Sun Coast Media Group, Inc., 23170 Harborview Road, Port Charlotte, FL 33980-2100. Periodicals postage paid at Punta Gorda, FL. Postmaster: Please send address changes to the SUN, 23170 Harborview Road, Port Charlotte, Florida 33980-2100.

3. The Sun /Tuesday, March 24, 2009 D/E/N/C www.sunnewspapers.net Front Page 3
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4. Front Page 4 D/E/N/C www.sunnewspapers.net FROM PAGE ONE The Sun / Tuesday, March 24, 2009
CHOOSE: Methamphetamine addicts suffer a downward spiral death grip
FROM PAGE 1 percent, and meth boosts In Florida, state Just getting the evi-
makes it harder for law
it by 1,200 percent.
But the more dopamine
‘‘Meth was the only drug medical examiner
statistics showed
dence to arrest a seller is
costly. To buy enough to
enforcement to reach meth forces the body to he actually craved — for months methamphetamine was make a charge of selling
those higher up in the
supply chain.
release, the more over-
loaded the body's
— after he took it just one time.” involved in 57 drug-
related deaths from
and distributing stick can
mean an investment of
Nicholson knew a man dopamine receptors — Det. Clay Nicholson, January through June almost $1,000, the Hardee
"who took every kind of become, compelling the Hardee County Drug Task Force 2008, compared with 45 deputies said.
drug you can think of, user to increase his doses meth-related deaths in "We usually have to do
and he said meth was the or frequency of use or use the last six months of more than one buy to
only one he actually a more direct delivery spreads rapidly among Centers for Disease 2007, representing almost solidify a case," Nichol-
craved — for months — method. meth users. Control and Prevention, a 27-percent increase. son said. They also try to
after he took it just one Davis said he has seen people with MRSA The most recent make buys within a
time." A forest fire meth users carry note- infections were five times estimates indicate the thousand feet of a school
NIDA said meth lasts in the brain books to record when more likely to have used illegal use of metham- or church, which increas-
longer in the body than they last ate or bathed. meth. phetamine cost the es the penalties.
cocaine. Meth causes the Researchers who Meth users may stay Among the most widely United States more than But merely arresting a
body to release more studied meth users found awake for days at a time, known effects of the drug $23 billion. In a RAND dealer often has little
dopamine, a chemical substantial changes in losing their sense of any is "meth mouth," exten- Corporation study using impact.
naturally produced in the certain regions of the regular routine, as well as sive tooth discoloration 2005 data, just released It is rare for someone to
human body that gener- brain controlling emo- personal hygiene. and decay, often of the last month, nearly two- go to prison on a first
ates a sense of pleasure tions, mood and memory, The delusions created front teeth, with eventual thirds of that cost offense. Nicholson knew
and euphoria. leading UCLA researcher by the drug include a loss from a combination stemmed from the one suspect who was
The Meth Project, a Paul Thomson to dub it sensation that insects are of poor dental hygiene burden of addiction and sentenced to probation
multi-state anti-drug "a forest fire of brain crawling on or under the and drinking sugary 900 premature deaths 17 times after meth sale
consortium, said while damage." user's skin, especially on sodas. among users. The arrests.
eating good food raises Nicholson said meth is the face and arms, a Hawk laments the second-largest category He asked, "At what
the body's normal also associated with condition known as damage to her own teeth. of costs fell to law point do you say, 'Proba-
dopamine level by 50 MRSA — methicillin- "meth bugs." The person "Now that I'm clean and enforcement, with the tion probably doesn't
percent, and sex doubles resistant Staphylococcus scratches incessantly and have a reason to smile, burden of detecting, work for you?'"
it, cocaine increases aureus, a highly conta- fosters open sores. In a I'm too embarrassed," arresting and jailing E-mail: shoffman@
dopamine by almost 400 gious skin infection that Georgia study by the she said. offenders. sun-herald.com
ALMANAC
Today is Tuesday, March
HOUSING: Existing home sales up locally, as well as nationwide
FROM PAGE 1
24, the 83rd day of 2009. HOUSING STATS fact that the Englewood-North
Port area went into the reces-
said. Sales were a little slow to
start with because neither banks
There are 282 days left in all of Charlotte County, went Get Florida county by sion earlier than other parts of nor Realtors were able to handle
the year. from 201 to 216, but the median county statistics at the state and is now heading the flood of calls they got from
price from year to year dropped www.sunnewspapers.net. out of it. people interested in foreclosure
Today in history 36 percent from $151,300 to “People were afraid because sales.
$96,400. comparing February to February they didn’t know where the “Since then the banks have
On March 24, 1989, the That price also dropped from fell 7 percent and the median bottom was so they were just gotten better at that and so have
supertanker Exxon Valdez ran January, when the median price price dropped 11 percent from waiting and waiting and waiting we,” Nelson said. “As a result, we
aground on a reef in Alaska’s in Charlotte was about $99,500. $254,500 to $144,000. to buy,” Nelson said. can get these deals put together
Prince William Sound and In the condominium market, The condo market in the The fear: They would lose pretty quickly now.”
began leaking 11 million the Punta Gorda MSA reported a Sarasota-Bradenton MSA $10,000 in the value of their Nelson and other Realtors
gallons of crude oil. 38 percent sales increase showed a 17 percent drop in the home almost from the moment said they are also seeing a rise in
comparing the last two Februar- number sold and a 43 percent they signed their closing papers. consumer confidence.
On this date ies and a 20-percent drop in drop in median price from In early January, however, “You can see it when you
In 1882, German scientist median price from $110,000 to $211,500 to $120,000. people’s attitudes began to drive up and down the roads
Robert Koch announced in $88,300. Nelson and other Realtors change, Realtors said. Northern- and look at the parking lots of
Berlin that he had discov- In the Sarasota-Bradenton said there are several reasons ers looking for bargains and restaurants,” he said. “They’re
ered the bacillus responsible MSA, which includes DeSoto for the increased sales figures in local people with cash on hand full now. Three months ago, they
for tuberculosis. County, the number of sales Charlotte County, including the began hunting for deals, they weren’t.”
In 1955, the Tennessee
SURGE: Dow jumps up nearly 500 after bank, housing news
Williams play “Cat on a Hot
Tin Roof” opened on
Broadway.
In 1958, Elvis Presley was FROM PAGE 1 short covering, which still cautious; Wall Street
inducted into the Army in occurs when traders are more than gave back its
Memphis, Tenn. there isn’t an improve- forced to buy to cover big yearend rally and
In 1995, after 20 years, ment in economic activity misplaced bets that stocks continued falling during
British soldiers stopped on the horizon,” said Jim would fall. Short covering January and February.
routine patrols in Belfast, Dunigan, executive vice contributed to the The Dow rose 497.48,
Northern Ireland. president at PNC Wealth market’s surge after the or 6.8 percent, to
Management. Citigroup news. 7,775.86, its highest finish
Today’s birthdays The market began “There is definitely since Feb. 13. It was the
turning around two weeks new buying,” he said. biggest point gain for the
Fashion and costume ago on news that Citi- Rovelli also said the blue chips since Nov. 13
designer Bob Mackie is 70. group Inc. was operating approaching end of the when they rose 552
Actor R. Lee Ermey is 65. at a profit in January and quarter can make money points and the biggest
Movie director Curtis Hanson February. A spate of more managers eager to buy percentage gain since
is 64. Comedian Louie upbeat economic reports into a market to make the AP PHOTO Oct. 28, when they rose
Anderson is 56. Actress Kelly helped the market build statements they send to The Dow Jones ticker in New York's Times Square is 10.9 percent. It was the
LeBrock is 49. TV personality on its gains, although the clients look stronger. photographed Monday. fifth-biggest point gain in
Star Jones is 47. Actress Lara rally stalled last Thursday Stocks shot higher at the Dow’s history.
Flynn Boyle is 39. Colts QB and Friday. the opening and kept Corp. and the participa- the program last month Broader stock indica-
Peyton Manning is 33. Rock Analysts said they saw going. The Treasury tion of private investors. but provided few details tors also surged. The
musician Benj Gershman more fundamental Department said its bad The market had been then about how it would Standard & Poor’s 500
(O.A.R.) is 29. Actress Keisha strength in Monday’s asset cleanup program waiting for weeks to hear work, leading to a stock index rose 54.38, or 7.1
Castle-Hughes is 19. buying than they saw at would tap money from the details of the govern- plunge that sliced 380 percent, to 822.92,
the start of the rally. Dave government’s $700 billion ment’s plan for helping points from the Dow. crossing the psychologi-
NEWS OF Rovelli, managing director financial rescue fund and
of trading at brokerage involve help from the
banks get rid of bad But while analysts
assets. Treasury Secretary were pleased with the
cal milepost of 800. The
Nasdaq composite index
THE WEIRD Canaccord Adams, said Federal Reserve, the Timothy Geithner market’s performance rose 98.50, or 6.8 percent,
Instilling monkey there appeared to be less Federal Deposit Insurance announced an outline of Monday, they were also to 1,555.77.
morals, values
Researchers recently
revealed that they had
observed monkeys (1)
TARGETS: Administration homes in on bad bank assets
FROM PAGE 1 finance themselves, and recorders were barred. down, the government clean up their balance
planning future combat we can start getting this The fleshed-out plan is and private investors sheets and make it easier
and (2) perhaps teach- element in our recovery.” designed to help fix a
economy moving again.” would incur losses. for them to raise capital,”
ing their young to floss. The coordinated effort value on damaged
It was a huge gambit “This will help banks Geithner said.
A researcher from by the Treasury Depart- mortgage loans and other
and one that came like a
Sweden’s Lund Univer- ment, the Federal Reserve toxic securities.
tonic to Wall Street, which
JOIN OUR FAMILY
sity, writing in the and the Federal Deposit had panned an earlier If the value of the
journal Current Biology, Insurance Corp. relies on outline of the program securities goes up, the
a mix of government and
described a daily ritual
private money — mostly
that lacked detail. private investors and WE'LL TAKE CARE OF YOURS
of a 30-year-old chim- The introduction of the taxpayers would share in
panzee that loathes his from institutional plan was closely choreo- the gains. If the values go
human visitors at a zoo investors such as hedge graphed so that the
north of Stockholm and funds — to help banks rid president — rather than Charlotte Sun Readers
thus begins every their balance sheets of Geithner — would be the Said It Again This Year:
real-estate related securi- first administration official
morning by roaming his
enclosure to collect
ties that are now extreme- to appear on camera at Simply The Best!
ly difficult to value. midday to discuss it.
stones and place them
The goal, said Obama, Geithner met earlier in the 1 +J J J
J
strategically in handy
is to get banks lending day, before markets
piles for subsequently
again, so “families can get opened, with a group of
hurling at irksome basic consumer loans, 1ST PLACE
reporters at the Treasury
visitors. And a auto loans, student loans, Department to go over r r
researcher at Kyoto (and so) that small specifics. But cameras and 2002-2008
University’s Primate businesses are able to broadcast-quality audio
Research Center told
Popa p
Agence France-Presse in
March that he had
observed mother long-
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