The jobless rate for a long time now used to mirror banks’ credit card write off rates. That trend is now changing as lenders are seeing losses outpacing layoffs. The recently released bank stress test results suggests that the nation’s 19 banks could face about $82.4 billion in credit card losses by 2010. And this could get worse if unemployment reaches 10 percent.
Although Florida is still seeing suspected cases of H1N1, better known as swine flu, concerns are easing, as the threat potential appears to be lessening. According to Florida Surgeon General Ana Viamonte Ros, medical authorities are looking more toward the entire swine flu outbreak, seeing to determine why it was so devastating in Mexico. Viamonte Ros praised health care professionals, who she said deserved much credit for helping to confine the spread of the virus.
Zach Bonner will set out on May 11 from Atlanta to Washington, 665 miles in his bid to complete the 1,235 mile journey from Tampa. Zach, who is walking because he believes that it is the best way to draw attention to the over 1.3 million homeless kids in the U.S., began his journey called “My House to the White House” in 2007.
The Florida Legislature earlier today passed a $66.5 billion budget, in a one week extension and amidst much tension and chaos. The Senate passed the budget with a 32-8 vote with only a handful of Democrats in support. The House in a 75-43 vote, passed the budget over Democratic objections. Floridians, including smokers, drivers, homeowners, and fishermen are expected to pay more, some as early as July.
Casey Anthony defense attorney, Jose Baez, will file a motion Monday for a Change of Venue for her trial. The Tot Mom, is charged with first degree murder in the death of her two-year-old daughter Caylee Anthony. Her defense team, led by Baez believes that Tot Mom cannot get a fair trial in Orlando on account of the significant media coverage of the case.
The head of the United Nations Children’s Fund (UNICEF) today expressed her deep concern over reports that a Saudi Arabian court has ruled that the marriage of an eight-year-old girl is legally binding. “Irrespective of circumstances or the legal framework, the marriage of a child is a violation of that child’s rights,” UNICEF Executive Director Anne M. Veneman stressed in a statement.