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Gerard
Depardieu Leaves France Because of Tax Hikes - (www.accountingtoday.com) French actor Gerard Depardieu has said he is surrendering his passport
and moving to Belgium after the French government raised taxes. In a letter
published Sunday in the French newspaper, Journal du
Dimanche, the award-winning actor responded bitterly to French prime
minister Jean-Marc Ayrault, who called the 63-year-old actor “pathetic” for
leaving his home country for the Belgian village of Nechlin. “I am handing over
to you my passport and Social Security, which I have never used,” Depardieu
wrote, in a translation by the Edmonton Journal.
“We no longer have the same homeland. I am a true European, a citizen of the
world, as my father always taught me.”
AllState
Used This Couple's Sandy-Destroyed House In An Ad But Won't Pay Their Claim
- (www.businessinsider.com) When an AllState ad paying tribute to its 1,000 employees who put
customers first during Hurricane Sandy even when their own houses were ravaged
played on Thanksgiving Day, Shelia and Dominic Traina didn't get that warm and
fuzzy feeling that the insurance company was going for. In fact, "I got disgusted," Mr.
Traina told the New York Post. That's because AllState used images
of the Staten Island couple's house, obliterated by Sandy, when it is refusing
to pay the Traina's full claim. AllState offered a $10,000 payout for
the house the Trainas called home for 43 years. Mr. Traina continued that
“They’re claiming that water took the house down, not the wind. [But] we had a
witness next door who told us the house fell down from the wind.” “The
commercial said how caring their agents are,” Mrs. Traina told SI Live,
"but they are not caring at all."
Credit
availability will get even tighter in 2013 - (www.ochousingnews.com) Credit standards are not tight by historic standards. Compared to the complete
lack of enforced standards of the housing bubble, credit is very tight, but
compared to what preceded the housing bubble, credit standards have merely
reverted to what was normal. Prior to the housing bubble, lenders verified a
borrower’s income and made sure the payment burden was manageable to ensure the
loan was repaid. Today, lenders are doing the same. The notion of “tight”
lending standards stems from the perceived entitlement to free money by people
who have dubious repayment prospects. There is little reason to believe lenders
will return to their bubble-era ways any time soon, particularly now that the
GSEs and the FHA who control more than 90% of the mortgage market are forcing
lenders to buy back bad loans when there is the slightest deviation from their
standards.
How to read ‘quirky’ December jobs report - (www.marketwatch.com) Figuring out how many jobs are created each December is never easy
because of the holiday season and end-of-the-year quirks. Cold weather sets in
and alters hiring patterns, for one thing, and companies add and subtract lots
of temporary workers to handle the rush of Christmas shoppers. More than
likely, the level of hiring in December will track closely with the trend in
job growth over the past two years. Economists surveyed by MarketWatch estimate
160,000 net jobs were created last month, just above the two-year monthly
average of 152,000. The unemployment rate is expected to remain flat at 7.7%. In
short, the labor market is little changed. The economy is adding jobs, but at a
slower rate than is typically the case at this later stage of a recovery.
School
Board Member Allegedly Rams Teen With Her Car In Fight Over Walmart Parking
Space - (www.businessinsider.com)
A school board member in Georgia was arrested after allegedly hitting a
17-year-old with her SUV in a dispute over a parking space at Walmart, according to WBSTV. WBSTV reported the teen girl was
standing in a parking spot to hold it for a friend who had just given birth
when Angela Cornett told her to move. The teen told police she refused
and then, Cornett allegedly hit her with the car. Cornett's side of the story
is that the girl leaned into her car. The teen didn't have any serious
injuries, just a few cuts and scrapes. Cornett was taken to jail and
charged with misdemeanor reckless conduct. She also resigned from her school
board post.
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