Water Main Break Prompts Restrictions in Montgomery County

June 16, 2008 – 10:31 am

People who live and work in upper Montgomery County should boil drinking water and limit water use because of a major pipe break that has disrupted service across a large portion of the county.

The water advisory, issued by the Washington Suburban Sanitary Commission, covered all of Montgomery County outside the Capital Beltway with the exception of Rockville, which is served by a separate water system.

The advisory to boil water will remain in effect for at least three days, the agency said, as it repairs the broken water main, re-pressurizes the system and tests water quality. Though there is no evidence of contamination, agency spokeswoman Lyn Riggins said the risk rises when the system loses pressure, and that water should be boiled “as a precaution.”

The break in a 36-inch main near Lake Bernard Frank south of Muncaster Mill Road, occurred last night around 9. But crews did not locate the problem until near dawn today because the pipe is in an isolated, forested section of the Meadowside Nature Center.

The affected area is centered around the towns of Gaithersburg, Germantown, Olney and Burtonsville, heavily populated area where businesses and residents faced perhaps a full day of restricted water supply and at least three days of boiling any water used for human consumption, said Riggins. But the water agency received calls and e-mails from customers in Wheaton and Silver Spring as well, and as a result extended the water advisory to all customers outside the Beltway.

Customers in the far northern parts of the county, such as Poolesville, did not seem to be affected, but Riggins said “basically if there is any doubt as to whether you are on that line, we would say boil the water.”

The WSSC said water should be brought to a rolling boil for a minute before drinking it, making ice, washing food, or using it in other ways that might spread any contamination.

Riggins said it was still not known what caused the break, which tore through about ten feet of water line and created, in effect, a new tributary to the Rock Creek as gushing water coursed 100 feet or so down into a stream valley. Workers on the scene said they were surprised at the rupture because the pipe was made of what is considered a particularly strong composite: prestressed concrete wrapped in steel and steel wire, and surrouned with an outer layer of concrete.

The pipe break meant a problematic start to the summer camp season. The Montgomery County Department of Recreation closed all of its programs for the day, and private camps were also closing on an individual basis. The Sandy Spring Friends School in Sandy Spring closed its programs, for example, but the Barrie School, in nearby Laytonsville, remained open.

Two major aquatic centers, in Olney and Germantown, were closed at 10 a.m., officials said.

Grocery store chains reported a run on bottled water, and were ordering extra shipments from local warehouses. Icemakers and vegetable misters were shut down because of the advisory to not use water unless it was boiled, while some store closed altogether.

Restauranteur Phil Burleson found the county’s warning waiting for him at 10 a.m. when he arrived at Agrodolce Ristorante, the 75-seat modern Italian bistro he owns in Germantown. Moments earlier, his daughters had returned home early from swim practice at the Germantown Outdoor Pool, which had been shut down because of the water main break.

Burleson said his restaurant would still open as scheduled at 11 a.m., but would not serve fountain sodas or anything else that might be compromised. As for washing hands, vegetables and dishes, he said, “we might just have to boil water and then refrigerate it.”

The Montgomery County government announced that its offices in Wheaton, Glenmont, Olney, Burtonsville, Gaithersburg and Germantown would be closed for the day.

Repairs were underway, and Riggins told local television stations that in the “worst case” the work could take as long as 10 hours. In the meantime, water valves were being closed in other parts of the system to isolate the broken pipe, a process that itself would restore service and increase pressure in some areas.

Along with boiling water for personal use, the WSSC imposed mandatory water use restrictions on outside-the-Beltway neighborhoods. Until the system is returned to normal, water and water pressure need to be conserved for firefighting, Riggins said.

Residents and businesses in the affected area were told not to water yards, fill swimming pools or wash dishes or clothes, and were asked to limit toilet flushing.

Businesses or other facilities that stay open and rely on automatic sprinkler systems were told in a county news release to post a “fire watch” because of the water outage.

The water line break in the northern part of the county is the second break under repair this morning. Another main broke near the intersection of Georgia Avenue and Urbana Drive, affecting a much smaller area.

Source: Washington Post

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Can Banking Shake The Crisis?

June 11, 2008 – 9:42 am

Lehman Brothers Times Square by David ShankboneImage via WikipediaWhile Wall Street and Washington fret about how badly investment banks could damage the economy, Tuesday provided a fresh reminder that commercial banks could be a bigger problem as the second wave of the credit crisis begins its run.

National City (nyse: NCC - news - people ), the Cleveland bank that, in the end, might become the poster child for the credit crisis, confirmed it was under a memorandum of understanding with the Office of the Comptroller of the Currency, the Treasury Department arm regulating national banks. This is a form of heightened scrutiny, though informal and less severe than some other options, and looks at a bank’s capital and risk management, loan quality and liquidity.

In the filing, National City said implementing steps to improve its capital position, risk management and liquidity “will be a major focus of the attention of its board of directors and management for the foreseeable future.”

In a statement, the company cited its strong liquidity and stable ratings and said “we are determined to rebuild value for our stockholders.”

One of the biggest U.S. banks and one of the biggest mortgage lenders, National City has its hands full trying to handle mounting loan losses and its market concentration in foreclosure-plagued areas of the country, like Ohio and Florida. It has had two straight quarters of losses. Commercial banks that went whole-hog into the structured products and mortgage markets over the last few years, Citigroup (nyse: C - news - people ) also comes to mind, are juggling bloated balance sheets and mounting bad loans.

Ominously, the Federal Deposit Insurance is staffing up in anticipation of bank failures. It’s already tracking 90 troubled banks, 18% more than the end of last year. None of this is good news for the troubled industry, which has been hoping for a rebound.

Monday, New York Fed chief Timothy Geithner, the architect of JPMorgan Chase’s (nyse: JPM - news - people ) rescue of Bear Stearns in March, was drumming up support for greater regulation of Wall Street firms to lessen the risks of systemic meltdown.

“This crisis gives us the opportunity to bring about fundamental change in the direction of a more streamlined and consolidated system” of regulating both banks and investment banks, Geithner said in a speech.

The same day, Lehman Brothers (nyse: LEH - news - people ) said it faces a $2.8 billion second-quarter loss and raised $6 billion in new capital by selling new shares to counter concerns that its situation is rocky enough to turn it into the next Bear Stearns debacle. Its stock is dropping and is now trading below Monday’s $28 offer price on the new shares.

Regulators also are pressing financial companies to take better care managing their trading relationships with counterparties. In a meeting at the New York Fed Monday afternoon, 17 commercial and investment banks joined three fund managers (including the Chicago hedge fund Citadel Investment Group) and trade groups to talk about ways of providing better disclosure of the over-the-counter derivatives market, which is part of the so-called shadow banking system.

There is no clearing house for the tens of trillions of dollars worth of derivatives trading, so there is an effort to make the trading more visible. In the fourth such meeting on the topic Monday, members of the Fed’s “OTC derivatives industry working group” agreed to register their trades with a computerized system for immediate recording.

There is a desire to turn Wall Street firms into commercial banks, with the heavy regulation and capital requirements that come with the privilege of borrowing directly from the Fed in times of need. Commercial bankers almost relish the prospect.

“Every institution has the right to lose all their money if they want to,” said Vikram Pandit, the chief executive of Citigroup, at a presentation to the British Bankers Association Tuesday in a clear reference to Bear Stearns. “But no one should have the right to impose externalities on the rest of the financial system.”

National City’s deal with regulators came at the same time the firm raised $7 billion in new capital by selling shares at $6 each to investors including Corsair Capital, a New York private investment fund. National City shares are now trading below $5, putting that sale under water.

The arrangement was made with the Federal Reserve Bank of Cleveland and the OCC on April 29 and May 5, and alluded to in National City’s quarterly financial filing with the Securities and Exchange Commission on May 12.

It hired Goldman Sachs (nyse: GS - news - people ) in April to help explore its strategic options, but its prospects for a sale are significantly diminished, analysts say. Any buyer would have to factor in the cost of marking down National City’s loan portfolio, and that would prove too costly.

It didn’t have to be that way. National City jumped enthusiastically into the mortgage business in the last decade, building its presence to such an extent that by 2004 mortgages made up half of its profits. It bought two Florida banks for $1 billion each in late 2006, just as the real estate market was about to take a dive.

Despite a well-timed sale of its subprime lending arm to Merrill Lynch (nyse: MER - news - people ) in late 2006, National City was stuck holding $10 billion of subprime loans Merrill didn’t want. It didn’t unload those unwanted loans quickly and still stands exposed to $6 billion worth.

National City also blundered in buying back $3 billion worth of its own shares in early 2007 at prices in the $37 range, near historic highs, with the company citing excess capital as the reason for the buybacks. That same quarter the company posted a 30% drop in profits, complete with rising charge offs and provisions. Contrast the $37 share buyback price with the $6 per share price on the new shares sold to Corsair in April.

“They bought high and sold low,” says Gerard Cassidy, an analyst at RBC Capital Markets. “That is, to sum it up, the disaster that has befallen these commercial banks.”

Source: Forbes

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American Indian energy bar wins national appeal

June 11, 2008 – 9:38 am

SIOUX FALLS, S.D. — It’s a 70-calorie energy bar made of two unusual ingredients and branded with a funny-sounding name. Who knew that combining buffalo and cranberries would be so sweet?

But therein lies the recipe for success for Native American Natural Foods, a company based on the Pine Ridge Indian Reservation.

After two years of development, the company launched the all-natural Tanka Bar, a modern version of the traditional Lakota food called “wasna,” in October. The bars were initially available online at www.tankabar.com and a few outlets in western South Dakota.

But the company has since quadrupled its manufacturing capacity and signed distribution agreements with regional retailers including Walgreens and Sunshine Foods, as well as gift shops and tourist sites such as the Corn Palace and Mount Rushmore National Memorial.

Bison meat is high in protein and low in cholesterol. The cranberries add antioxidants and a sweet, natural flavour. The bars look like jerky but have a lot more water in them than the dried meat. And each package is sealed with a unique card that keeps the bars fresh.

Since March, when company owners Karlene Hunter and Mark Tilsen attended the Natural Products Expo West in Anaheim, Calif., demand from elsewhere has been “growing every single day,” Tilsen said.

“We’ve got this little booth with an eight-foot (2.5-metre) table and a buffalo hide on it. We had never been to a national food show before,” he said. “It was incredible. People were lined up four, six deep all day long. We gave away well over 10,000 samples.”

The company’s distribution list includes more than 1,150 points, some of which supply numerous outlets, such as the Sunshine grocery stores, and the bar is now sold in North Dakota, Nebraska, Iowa, Wyoming, Montana, Minnesota, North Carolina, Colorado, Arizona, California, Maryland and even Hawaii. The Smithsonian’s National Museum of the American Indian also sells Tanka Bars.

Customers include athletes, people with diabetes, backpackers, travellers, rock climbers and business people looking for a natural snack. The national food show in Anaheim also put Native American Natural Foods on the radar of the food industry, and several articles have been written in the food press.

The Tanka Bar’s initial focus was to provide a healthy food to American Indians, but much of the interest is from the non-native community. “The simplicity of the product - that it’s just buffalo and cranberry and all natural and tastes so great. It’s like they were looking for it,” Tilsen said.

The attention led to an invitation from Slow Food Nation to promote the Tanka Bar at its first planned gathering over the Labour Day weekend in San Francisco. The goal is to build a more sustainable food supply driven by values as well as the bottom line, and the Tanka Bar fits that mission, said Anya Fernald, Slow Food Nation executive director.

“It’s a great way to keep traditional wisdom of a food alive that’s palatable to today’s American culture,” she said.

Besides the one-ounce (about 30 grams) Tanka Bar and smaller Tanka Bites, Native American Natural Foods will announce its next product at the event: a summer sausage made of buffalo, cranberry and wild rice called Tanka Wild. It will be available in several sizes that can be eaten as a snack or in a meal, Tilsen said.

“This category of shelf-stable multipurpose meats is growing more and more. You could buy this and eat it driving down the road or buy it at your store and take it home and eat it,” he said.

Because of the exposure, the company will exhibit this month at the Healthy Foods International Exposition in Dallas and at the Summer Fancy Food Show in New York City.

The company’s fast growth has led to larger challenges, including how to build a company when food prices are skyrocketing, Tilsen said.

“We’re learning how to manage that,” he said. “We’re dealing with all the things a small company deals with.”

Source: Canadian Press

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3G iPhone may already be here

June 9, 2008 – 11:08 am

Cruel Joke - Dead iPhone ?Image by John Swords via Flickr

THE iPhone rumour mill is in overdrive with speculation the hyped-up new model has already reached Australian shores ahead of its expected unveiling tomorrow.

Apple chief executive officer Steve Jobs will announce a new product – widely rumoured to be a 3G-model iPhone – at the Worldwide Developer’s Conference in San Francisco tomorrow morning (AEST).

Despite the iPhone being confirmed for Australian release sometime this year, no date has been set.

But while the are suggestions Apple will allow retailers to slash the prices of the new model to drive sales, local consumers could still pay hundreds of dollars more for the gadget.

According to technology website MacTalk Australia, some local retailers have already received the new model before it has even been unveiled.

The website published an image of an iPhone-sized box labelled “Do Not Open Until June 10th” allegedly sent to an Australian retailer. A similar image apparently from a London store was sent to MacRumors.com, and Forbes has reported truckloads of new iPhones are being shipped to stores around the US.

Local rumours suggest the iPhone will be sold in Australia from June 19th to coincide with the opening of the Apple flagship store in Sydney. Last week, the store site was covered in a large banner reading, “Drop in soon”.

The price of the new iPhone could mark a significant shift in Apple’s sales strategy. The Financial Times has reported Apple will allow mobile operators to subsidise the device in order to hit its 2008 target of 10 million iPhone sales. Other rumours suggest the Australian price could be about $800, which would be $275 dearer than in the US.

Local carriers Vodafone and Optus have confirmed they will offer the iPhone locally, while Telstra and 3 Mobile have not yet made any announcements.

Apple has not revealed any details about tomorrow’s announcement but rumour sites have gone into overdrive, with fans scouring patent applications, computer code, shipping records, and even Mr Jobs’s travel plans to ascertain what features the revised device will have.

The new iPhone is expected to be 3G-enabled, which will be much faster on the cellular network than the previous 2G model. It could also include a GPS chip and more storage capacity with 16GB and 32GB options.

And it may also have a higher-quality camera – up to 5 megapixels – plus a second camera for live video calls.

Mr Jobs will be delivering his keynote address at 10am San Francisco time, which is 3am (AEST) for hard-core fans down under.

Source: News.com.au

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135,000 without power; generators in demand

June 9, 2008 – 11:06 am

More than 100,000 DTE Energy customers in metro Detroit remained without power this morning, sending some to hardware stores to buy generators.

DTE Energy reported this morning that 135,000 customers still were without power.

The Southfield Lowe’s on Telegraph is sold out of their supply of about 25 generators. An employee said they sold their last 10 this morning to people who were lined up at the door when they opened.

“Whenever power goes out there is a huge rush, and then people return them because we have a 90-day return policy,

AOL’s Leaked Searches Get Turned Into Play: USER 927

June 9, 2008 – 11:03 am

Remember when AOL released private search information back in August of 2006? Well, that story is now back in the news, after a two-year hiatus. Ars Technica reports that a play has been created around one of those searches, specifically searcher number 927. The play is named “USER 927: U are what U Seek” and is coming to a theater in Philadelphia on June 6th.

Here is the play’s abstract:

Leah Letts has moved to Indiana with her 14-year-old daughter Deena to escape the rat race of New York City. Osterville is a safe haven, a place where people put down roots, where everyone knows everyone. Leah is determined to start over so Deena can grow up in a less threatening environment. She’s found the perfect place. And just for the summer, Leah lays down the law: no computer, no email, no Internet. Just 2 months to enjoy life lived offline.But Deena has other plans.

USER 927 is a thriller about cyberstalking, search engines, and the way information is obtained, manipulated, and released in our wired world. This world premiere play is based on numerous trends pertaining to digital technology and the Internet, as well as the data leak of over 3 million AOL search queries by 650,000 of its users, first broken on sites like The Consumerist.

USER 927 takes a provocative look at the slick and seductive nature of computer and Internet technology—the come-ons and dangers that seem to spring from every click of the mouse. We have seemingly limitless information at our fingertips, and yet what do we really know? USER 927 integrates digital technology, video and flash animation to examine our simultaneous attraction to, and dread of, modern technology while offering audiences the chance to see an important public debate take a thrilling new direction.

This is not the first time a user was spotlighted from AOL’s data. A Face Is Exposed for AOL Searcher No. 4417749 from the NY Times back on August 9, 2006 featured a 62-year-old widow’s journey through here searches at AOL. This is, however, the first time AOL’s data is being used as a play or movie.

Source: Searchengineland

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‘Wonder Woman’ Carter Finds Body Floating in River

June 7, 2008 – 11:01 am

Actress Lynda Carter wasn’t expecting trouble, but she found it on the Potomac River in Washington.

The “Wonder Woman” star was rowing on the river Wednesday when she spotted the body of a woman floating face down in the water, according to Starpulse.com.

Carter immediately called 911 after her gruesome find, Starpulse.com reported.

D.C. police on Friday identified the woman as 47-year-old Helen Johnstone.

The death is under investigation, and an autopsy will be performed by the chief medical examiner’s office.

Source: FoxNews

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Sportscaster Jim McKay dies at 87

June 7, 2008 – 10:56 am

NEW YORK (AP) — Jim McKay, the veteran and eloquent sportscaster thrust into the role of telling Americans about the tragedy at the 1972 Munich Olympics, has died. He was 87.

McKay died Saturday of natural causes at his farm in Monkton, Md. The broadcaster who considered horse racing his favorite sport died only hours before Big Brown attempted to win a Triple Crown at the Belmont Stakes.

He was host of ABC’s influential “Wide World of Sports” for more than 40 years, starting in 1961. The weekend series introduced viewers to all manner of strange, compelling and far-flung sports events.

McKay also covered 12 Olympics, but none more memorably than the Summer Games in Munich, Germany. He was the anchor when events turned grim with the news that Palestinian terrorists kidnapped 11 Israeli athletes. It was left to McKay to tell Americans when a commando raid to rescue the athletes ended in tragedy.

“They’re all gone,” McKay said.

He won both a news and sports Emmy Award for his coverage of the Munich Olympics in addition to the prestigious George Polk award.

“In the long run, that’s the most memorable single moment of my career,” said McKay, an Emmy Award winning broadcaster who was also in the studio for the United States’ “Miracle on Ice” victory over Russia. “I don’t know what else would match that.”

A veteran of the U.S. Navy in World War II, McKay was the first on-air television broadcaster seen in Baltimore. He worked at CBS Sports briefly, but did his most memorable work at ABC Sports when it dominated the business under leader Roone Arledge.

“He had a remarkable career and a remarkable life,” said Sean McManus, McKay’s son and the president of CBS News and Sports. “Hardly a day goes by when someone doesn’t come up to me and say how much they admired my father.”

McKay was the first sportscaster to win an Emmy Award. He won 12, the last in 1988. ABC calculated that McKay traveled some 4 1/2 million miles to work events. He covered more than 100 different sports in 40 countries.

“There are no superlatives that can adequately honor Jim McKay,” said George Bodenheimer, president of ESPN and ABC Sports. “He meant so much to so many people. He was a founding father of sports television, one of the most respected commentators in the history of broadcasting and journalism.”

Source: AP

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Former Steelers DE Dwight White dead at 58

June 6, 2008 – 4:56 pm

PITTSBURGH (AP) — Former Pittsburgh Steelers defensive end Dwight White, part of the Steel Curtain defense that led the team to four Super Bowl championships in the 1970s, has died following surgery at a Pittsburgh hospital. He was 58.

The team announced White’s death Friday.

Team president Art Rooney II is calling White “an important member of the Steelers family.”

Chairman Dan Rooney praised White’s “relentlessness” on the field and his caring nature off it. Rooney notes White scored the team’s first ever Super Bowl points in Super Bowl IX with a safety against Vikings quarterback Fran Tarkenton.

Source: AP

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Rescuers scour sea for lost European divers

June 6, 2008 – 9:12 am

Komodo DragonImage via WikipediaJAKARTA, Indonesia (CNN) — Rescue teams were Friday searching for a group of European vacationers who disappeared while on a scuba diving trip in treacherous waters off a remote tropical island in eastern Indonesia.

The divers were exploring waters in the Komodo National Park, between the islands of Flores and Sumbawa, when they failed to return from a trip, according to an employee of Reefseekers diving center, which organized the expedition.

Reefseekers named dive master Kathleen Mitchinson, who was leading the group, among the missing. British, French and Swedish citizens were among those missing, the Komodo Divers Association added.

The diving center employee said two groups had entered the waters, which are a popular draw for divers keen to explore an area of unspoilt coral reefs teeming with marine life, but only one returned.

When an initial search failed to locate the second group, authorities were alerted and police and rescue teams called in.

Mitchinson’s husband Ernest Leandowski, another dive master who runs Reefseekers, told the AFP news agency that a lack of fuel for aircraft was hampering the search.

“We’ve got a big search operation happening here but we’re having trouble getting aircraft to fly because of fuel problems,” he said.

“Time is critical. It’s absolutely blistering hot out there.”

The UK Foreign Office confirmed three British nationals have been reported missing off the coast of Indonesia. It said it was providing consular assistance and liaising with local authorities involved in the search.

The remote Komodo National Park, billed by holiday firms as a tropical paradise, lies more than 200 miles east for the nearest city, the Bali island capital of Denpasar.

The waters are prone to strong currents and locals say the area has claimed the lives of several divers in the past.

Nearby Komodo island is famous as the only natural home of the Komodo dragon — giant lizards with poisonous bites who have been known to kill humans. Flores meanwhile was recently made famous by the discovery of the remains of a small “hobbit” style human ancestor.

Last month two scuba divers — a British man and an American woman — were rescued after spending 20 hours in shark-infested waters around Australia’s Great Barrier Reef.

Source: CNN

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