FBI Probes "Killing Spree" Facebook Threat

This is creepy weird.
Apparently someone sent out an invite to 180 people to go on a killing spree and 37 actually responded back that they were in.
The FBI got a tip and got a warrant for the IP address and traced to to
Beaufort SC and the man there said it was his 30 year old daughter who's a crime hobbyist. So the FBI confiscated two Acer computers, an iPhone, two rifles, a revolver, and “eight books and notebook involving killing.”.
The spree was supposed to be in Littleton Co on 9/14.
No arrest yet.It might be best to stay out of Colorado, that place is getting a tad weird

Alarmed by Facebook posts promoting a “Killing Spree” this month in Littleton, Colorado--home to Columbine High School--FBI agents last week raided a residence allegedly connected to the online threats and seized several guns and “eight books and notebook involving killing,” court records show.

Law enforcement officials learned of the Facebook posts after a tipster contacted police in Littleton to report a variety of disturbing images and messages on a Facebook page in the name “Eric Rebdomine.” One of the Columbine killers, Eric Harris, used the online alias “Rebdomine.”

Investigators discovered that the “Rebdomine” account had created a Facebook “event” announcing the planned “Killing Spree” in Littleton. “Join me on September 14th and kill as many people as possible,” the notice stated

Wells Fargo to pay $24M to end mortgage probe

http://finance.yahoo.com/news/Wells-Fargo-to-pay-24M-to-end-apf-2094138970.html?x=0&sec=topStories&pos=4&asset=&ccode=

Another bullet shot through the heart of Justice.



Wells Fargo is paying $24 million to end an investigation by eight states probing whether lenders acquired by the company made risky mortgages to consumers without disclosing their perils.

The states said loans known as option adjustable rate loans, or "pick-a-payment" mortgages, were deceptive to borrowers. Those particularly toxic loans allowed borrowers to defer some of their interest payments and add them to the principal balance. Borrowers could make payments so low that loan debt actually increased every month.

San Francisco-based Wells Fargo & Co. announced the agreement Wednesday with attorneys general in Arizona, Colorado, Florida, Illinois, Nevada, New Jersey, Texas and Washington state.

The loans were made by Wachovia Corp. and a California company it acquired, World Savings Bank. Wells purchased Wachovia at the end of 2008. Wachovia had already stopped making those loans before the acquisition was complete. ye

As part of the agreement, Wells has agreed to offer loan assistance worth more than $770 million to more than 8,700 borrowers through June 2013, though that amount will depend on how the economy fares during that time. The $24 million will be used to help states reach out to customers who took out such loans.

The agreement includes no admission of wrongdoing by Wells Fargo.

Exotic Deals Put Denver Schools Deeper in Debt

http://www.cnbc.com/id/38590790

The enormity of the Bank dealt atrocities across this nation and the world for that matter are only just beginning to be shown in the full light of day for the damages that they have done.
Of course when confronted with the magnitude of the damages that they have intentionally created, one always hears the same 2 standard answers.
The first being "We didn't know", But you still have to pay us that 81 million in termination fees to unwind it because bonus bucks don't materialize out of thin air you know.
And the 2ND being "No Comment"


In the spring of 2008, the Denver public school system needed to plug a $400 million hole in its pension fund. Bankers at JPMorgan Chase offered what seemed to be a perfect solution.

The bankers said that the school system could raise $750 million in an exotic transaction that would eliminate the pension gap and save tens of millions of dollars annually in debt costs — money that could be plowed back into Denver’s classrooms, starved in recent years for funds.


To members of the Denver Board of Education, it sounded ideal. It was complex, involving several different financial institutions and transactions. But Michael F. Bennet, now a United States senator from Colorado who was superintendent of the school system at the time, and Thomas Boasberg, then the system’s chief operating officer, persuaded the seven-person board of the deal’s advantages, according to interviews with its members.

Rather than issue a plain-vanilla bond with a fixed interest rate, Denver followed its bankers’ suggestions and issued so-called pension certificates with a derivative attached; the debt carried a lower rate but it could also fluctuate if economic conditions changed.

Since it struck the deal, the school system has paid $115 million in interest and other fees, at least $25 million more than it originally anticipated.

To avoid mounting expenses, the Denver schools are looking to renegotiate the deal. But to unwind it all, the schools would have to pay the banks $81 million in termination fees, or about 19 percent of its $420 million payroll.

A spokesman at JPMorgan, which led the Denver deal, declined to comment. Royal Bank of Canada, which acted as the school system’s independent adviser even though it participated in the debt transaction, declined to comment. Denver school officials said that they had agreed to sign a conflict waiver with Royal Bank of Canada.

Denver isn’t the only city confronted with budgetary woes aggravated by esoteric financial deals that Wall Street peddled in the years before the credit crisis. Banks have said the deals were appropriate for the issuers and that no one could have predicted the broad financial collapse that put pressure on the transactions.

Colo. job losses far steeper in '09, revised figures show

http://www.denverpost.com/ci_14652182

And that's just Colorado.
Who has the real number of unemployed in this country kids?
The government's were off by a million in 2008.
Inquireing minds really want to know, because until "WE" do "WE" have no real idea of the scope of the real unemployment problem in this country.


Colorado employers last year shed nearly 17,000 more jobs than initially reported, according to revised employment counts released Wednesday.

The Colorado Department of Labor and Employment reported a loss of 89,375 non-farm jobs last year based on monthly surveys.

But when those counts were squared up against the unemployment-insurance tax reports that employers file each quarter, the loss turned out to be much larger — 106,300, according to the U.S. Bureau of Labor Statistics.



Read more: http://www.denverpost.com/ci_14652182#ixzz0hsrzn8LY

Extracurricular spending adds up at budget-cutting Colorado school districts

http://www.denverpost.com/frontpage/ci_14485472

Oh this is ridiculous. $500.00 for flip flops?
Starbucks seems to be a standard to. You know this just doesn't apply to Colorado, this is what all the states schools are doing.
And the kids need a pencil that smells why?

As school districts prepare for deep budget cuts, a Denver Post analysis of spending at the state's three largest districts found millions of dollars being spent with limited oversight on food, travel and other discretionary items.

Spending on items other than salaries and bonuses by the Jefferson County and Douglas County school districts totaled $106 million and $91 million, respectively, from July 2009 to mid-February this year.

And while the bulk of that money is spent on necessary supplies for maintenance of schools, and for direct classroom expenses (such as books, office supplies and other items), millions are spent annually on restaurants, travel and training.

In Denver Public Schools, district credit cards issued to teachers, principals and administrators were used to charge nearly $20 million in 2009. Again, much of that money, such as for additional books and supplies, was directly used to benefit classrooms.

But the analysis found so much charged in food, entertainment, travel and other discretionary items that on Friday the DPS superintendent issued new rules for credit-card holders in response to The Post's findings.

Among the expenses buried in the thousands of transactions: $270 for scented pencils for a Douglas County school, $1,228 for books at a Denver school from a company that uses color-scheme psychology, and $4,113 for doughnuts and burritos for breakfast meetings at a Denver high school.

District officials defended most of the expenses as legitimate costs in the complicated business of educating thousands of students.



Read more: http://www.denverpost.com/frontpage/ci_14485472#ixzz0gu0shnFL

Colorado minimum wage to drop as living costs fall

http://www.google.com/hostednews/ap/article/ALeqM5gDANldmlUTUQ0kEwjQAhnnNypxHQD9BABGC00


Colorado will become the first state to reduce its minimum wage because of a falling cost of living.

The state Department of Labor and Employment ordered the wage down to $7.24 from $7.28. That's lower than the federal minimum wage of $7.25, so most minimum wage workers would lose only 3 cents an hour.

Colorado is one of 10 states where the minimum wage is tied to inflation. The indexing is thought to protect low-wage workers from having flat wages as the cost of living goes up.

But because Colorado's provision allows wage declines, the minimum wage will drop because of a falling consumer price index. It will be the first decrease in any state since the federal minimum wage law was passed in 1938.

"We can't see that there would be any