Banks In Trouble...

By Jerry Xiao

Former IMF chief economist Kenneth Rogoff said that the worst of the United States financial crisis is stil yet to come. Recently, many middle sized banks have been failing, but Rogoff predicts that the next one to fail will be a big one, one of the biggest banks, even possibly Fannie Mac and Fannie Mae. Rogoff was the IMF (International Monetary Fund) chief economist from 2001 to 2004. He is also a Harvard Economics Professor. Rogoff criticized the move by the U.S. Treasury when it cut interest rates from 3.25 percent to 2 percent. He is quoted saying, "Cutting interest rates is going to lead to a lot of inflation in the next few years in the United States."

U.S. Dollar Weaking! Drugees Starting To Feel The Pressure!

By Jerry Xiao

John Daniel Miller III, a 55-year old man who lives in Tyler, Texas, was fined and jailed for growing pot on his rural farm. Police have declined to state the status of his case. However, when asked why he did it, he responded by telling deputies that he knew they were gonna come "sooner or later." He also claimed that he had decided to grow pot because the cost of the illegal substance was growing.

Granny Power!

By Jerry Xiao

A 85 year-old woman in Springhill Township, Pennsylvania, stopped an attempted burglary in her house when she forced the burglar to call 911. Leda Smith started keeping a .22 caliber handgun in her bedroom when her neighbor's house was robbed a few weeks ago. Smith took the gun and aimed it at the 17 year olf burglar, forcing him to call 911. She even kept watch while the police were on their way. The boy is going to be chaged with attempted burglary in juvenile court. When asked how she felt about this, she said "It was exciting. I just hope I broke up the burglary ring because they have been hitting a lot of places around here."

Note: Springhill is 45 miles south of Pittsburg.

LA Hospitals Fined

A recent report states that 18 hospitals in California were fined for violating state health codes. They provided poor care and hygiene, which sometimes led to deaths of the patients. The violations tend from te California Department of Public Health. Each hospital is to pay $25,000. These 18 are just the recent in a few finings of more than 40 different hospitals in California. Some of the violations include, but are not limited to: surgical instruments left inside patients after operation, failure of inserting a catherer properly, failure to turn on a ventilator when a patient was being transferred, and medication overdose.

Director of the California Department of Public Health say that these fines are intended, "to improve the overall quality of care in California."

Featured Artist - SxePhil

Today's artist features Phillip DeFranco, a wannabe "newscaster" who "takes the news, and makes it what he wants it to be." He does a webcast every monday, wednesday, and friday. His website is http://www.phillyd.tv/ .

Medal Update - Day 11 (Cont'd)

The following is a list of the medals won overnight, the country the athletes represent, and the names of the athletes:

Men's Over 105 kg
Gold - Matthias Steiner - Germany
Silver - Evgeny Chigishev - Russia
Bronze - Viktors Scerbatihs - Latvia

Men's High Jump
Gold - Andrey Silnov - Russian
Silver - Germaine Mason - Great Britain
Bronze - Yaroslav Rybakov - Russia

Individual Dressage
Gold - Anky van Grunsven - Netherlands
Silver - Isabell Werth - Germany
Bronze - Heike Kemmer - Germany

Men's Horizontal Bar
Gold - Kai Zou - China
Silver - Jonathan Horton - United States
Bronze - Fabian Hambuchen - Germany

Men's Individual
Gold - Chunlong Lu - China
Silver - Jason Burnett - Canada
Bronze - Dong Dong - China

Men's 3-Meter Springboard
Gold - Chong He - China
Silver - Alexandre Despatie - Canada
Bronze - Kai Qin - China

Men's Discus Throw
Gold - Gerd Kanter - Estonia
Silver - Piotr Malachowski -Poland
Bronze - Virgilijus Alekna - Lithuania

Women's 400 Meters
Gold - Christine Ohuruogu - Great Britain
Silver - Shericka Williams - Jamaica
Bronze - Sanya Richards - United States

Women's 100-Meter Hurdles
Gold - Dawn Harper - United States
Silver - Sally Mclellan - Australia
Bronze - Priscilla Lopes-Schliep - Canada

Men's 1500 Meters
Gold - Rasheed Ramzi - Bahrain
Silver - Asbel Kipruto Kiprop - Kenya
Bronze - Nick Willis - New Zealand

Medal Update - Day 11

The following is a list of the medals won overnight, the country the athletes represent, and the names of the athletes:

Men's Triathalon
Gold - Jan Frodeno - Germany
Silver - Simon Whitfield - Canada
Bronze - Bevan Docherty - New Zealand

Men's Laser - One-Person Dinghy
Gold - Paul Goodison - Great Britain
Silver - Vasilij Zbogar - Slovakia
Bronze - Diego Romero - Italy

Women's Laser Radial - One-Person Dinghy
Gold - Anna Tunnicliffe - United States
Silver - Gintare Volungeviciute - Lithunia
Bronze - Lijia Xu - China

Men's Freestyle 55-60 kg
Gold - Mavlet Batirov - Russia
Silver - Vasyl Fedoryshyn - Ukraine
Bronze - Seyedmorad Mohammadi - Iran
Bronze - Kenichi Yumoto - Japan

Men's Freestyle Under 55 kg
Gold - Henry Cejudo - United States
Silver - Tomohiro Matsunaga - Japan
Bronze - Besik Kudukhov - Russia
Bronze - Radoslav Velikov - Bulgaria

Men's Parallel Bars
Gold - Xiaopeng Li - China
Silver - Wonchul Yoo - South Korea
Bronze - Anton Fokin - Uzbekistan

Women's Sprint
Gold - Victoria Pendleton - Great Britain
Silver - Anna Meares - Australia
Bronze - Shuang Guo - China

Women's Balance Beam
Gold - Shawn Johnson - United States
Silver - Nastia Liukin - United States
Bronze - Fei Cheng - China

Men's Sprint Cycling
Gold - Chris Hoy - Great Britain
Silver - Jason Kenny - Great Britain
Bronze - Mickael Bourgain - France