In 2012, 41 percent of Wall Street workers admitted to being ready to leave the financial industry, according to the recent eFinancialCareers 2012 Compensation Survey. That’s up from 35 percent the year before.
The defeatist attitude may have something to do with the smaller salaries and shrinking bonuses workers are bringing home. The average Wall Street salary still comes in at a whopping $363,000, according to an October 2012 report by New York state Comptroller Thomas DiNapoli.
( NBC News)
The FBI records the emails of nearly all US citizens, including members of congress, according to NSA whistleblower William Binney. In an interview with RT, he warned that the government can use this information against anyone.
Binney, one of the best mathematicians and code breakers in the history of the National Security Agency, resigned in 2001. He claimed he no longer wanted to be associated with alleged violations of the Constitution, such as how the FBI engages in widespread and pervasive surveillance through powerful devices called ‘Naris.’
This year, Binney received the Callaway award, an annual prize that recognizes those who champion constitutional rights and American values at great risk to their personal or professional lives.
Motsoaledi also said 94,000 South African girls became pregnant in 2011, and that 77,000 had abortions, according to South African daily The Sowetan.
“It is clear that it is not young boys who are sleeping with these girls. It is old men. We must take a stand against sugar daddies because they are destroying our children,” Motsoaledi stressed at the event, held at Silobela Stadium in the rural town of Carolina, about 150 miles east of Johannesburg. Read the full story here.
Hurricane Isaac caused widespread flooding due to storm surge and heavy rains in August 2012. The heaviest effects were along the Southeastern Louisiana coastal areas with 25 parishes designated for Individual Assistance. The National Flood Insurance Program (NFIP) has received more than 12,600 claims in Louisiana as a direct result of Hurricane Isaac.
There have been some claims issues with regard to prior damage repair documentation. These issues seem to be related to two causes. The prior loss record shows damage to the structure and the necessary repairs are not complete; or if repairs completed but no record of the repair activity exist.
1. The NFIP can only pay for damage from the direct physical loss of flood.
2. Also the NFIP can only pay for damage once until repairs are complete.
NFIP authorization has been extended through September 30, 2017 under the Biggert Watters Flood Insurance Reform Act of 2012, the reform of the NFIP premium rate structure. Much of the reform will take some time to phase-in however it does have provisions to address substantially damaged properties, severe repetitive loss properties and properties with a damage history that exceeds market value, business properties and non-primary residential properties. Once these rate reforms are fully implemented they likely will produce significant increases in NFIP flood insurance premiums for structures that are non-compliant with NFIP minimum requirements or that should be mitigated to reduce losses based upon loss history.