That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.
For the first time ever, the United States Postal Service has defaulted on a payment to the Treasury.
The USPS warned of a default in a statement on Monday. It it would not make the $5.5 billion payment due today and that it would also default on a $5.6 billion payment due Sept. 30. Both of those payments are federally mandated and go toward prefunding retiree health benefits.
The Olympics are a quest to be the best. But some Olympians are accused of purposely playing badly at badminton. The Badminton World Federation has launched disciplinary proceedings against four women's doubles pairs. First, the world champions, who are Chinese, faced off against opponents from South Korea. And spectators started booing when the players seemed to be making simple errors on purpose.
Mosquitoes in Bernalillo and Sandoval counties have tested positive for the West Nile Virus.
Paul Ettestad of the state Department of Public Health says recent rain across New Mexico has created breeding sites for mosquitoes.
Officials are urging the public to use bug repellent when outdoors, especially during the evening and early morning hours when mosquitoes are most active. The city of Albuquerque operates a mosquito control program that also covers Bernalillo County.
Common symptoms of West Nile Virus include fever, nausea, headache and muscle aches.
Social services advocates are urging Republican Governor Susana Martinez to support expanding Medicaid to provide health care to nearly 150,000 low-income New Mexicans.
A group representing working families, Organizers in the Land of Enchantment or OLÉ, delivered a plate of waffles to the governor's office on Tuesday, saying they want Martinez to "stop waffling" and back an expansion of Medicaid as proposed under a federal health care law.
Originally published on Wed August 1, 2012 11:08 am
Eight Olympic badminton athletes have been thrown out of the London Games after being charged by the Badminton World Federation with "not using one's best efforts to win a match" — which is against the rules of the sport. Because even some journalists may have forgotten badminton's rules, it seemed time to take a fresh look.
In London today the Swedish heir to a fortune worth billions of dollars pleaded guilty to "preventing the lawful and decent burial of his wife" and the court heard that Eva Rausing's body may have been lying beneath "bin bags, clothing and bed linen" for as long as two months, the BBC reports.