Author: muckety

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This post was archived from createpositivechange.org/. View the original on the Wayback Machine.

This post was archived from createpositivechange.org/. View the original on the Wayback Machine.

MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.

View full screen version of map | View large version of map

PUT THIS MAP ON YOUR BLOG
Putting a MuckeyMap on your web site is easy. Copy the code below and paste it into your blog or web page.

BEWARE!
Our boy wizard Muckety map contains content from the final book, Harry Potter and the Deathly Hallows! If you don’t want relationships revealed before their time, DO NOT CLICK ON THE MAP!

If, however, you’d like to see a graphical display of the many interconnections between Harry and other characters, click and search away.

– Map research by Jay Lopez

On the web
J.K. Rowling official site

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Senator Charles Schumer, a Democrat from New York, has taken some heat for his split with his party over a plan to raise taxes in the hedge fund and private equity industries.

Some scratch their heads and wonder if the frequent crusader for the middle class is being overly influenced by political contributions from the buyout kings, who would see their personal taxes more than double under the plan.

But there really is no mystery. Schumer, a career politician and life-long New Yorker, is being true to his city, where many of the buyout firms are based.

In January, Schumer and New York City Mayor Mike Bloomberg issued a 134-page report, produced by McKinsey & Co., that said the city was in danger of losing its global lead in financial services over the next 10 years. London is a major competitor, as are Hong Kong and Tokyo.

The report focuses on public markets, but cites a particularly “worrisome” trend of major US-based private equity issuers going to Europe for new listings.

So, for Schumer, resisting the tax hike is protecting New York City’s economy.

The senator, though, hasn’t lost his affinity for the middle class. In March, he issued an analysis that said Upstate New York was at the tip of the nation’s foreclosure crisis and more than 50,000 families there could lose their homes.

“The subprime market is the wild west of mortgage loans and it’s time we bring a sheriff into town,” Schumer said.

A lot of folks would agree with him on that issue.

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Angelo Mozilo, who made news this week with his startlingly candid assessment of the nation’s housing market, is…

To pay tuition when he attended Catholic high school, he got a job with a mortgage company during t…

More than 50 years later, Mozilo is still in the mortgage business, running Countrywide Financial, the largest U.S. lender. He co-founded the company in 1969.

Given Mozilo’s background, it’s not surprising to find a couple of other self-made people on Countr…

NBA legend Oscar Robertson, “The Big O,” was raised in an Indianapolis housing project. Henry Cisneros is from a middle-class Texas family and attended Catholic schools, like Mozilo. Cisneros is a form…

Mozilo’s board also has elements of privilege. Kathleen Brown, for example, is the daughter of one California governor (Pat) and sister of another (Jerry). She’s married to Van Gordon Sauter, former president of CBS.

Mozilo’s pay, which has to be approved by his board, has come under attack by shareholder advocates…

This week, in a remarkable three-hour conference call with analysts and reporters discussing Countr…

He said the problem of mortgage defaults has extended beyond the weakest borrowers, the so-called s…

He likened Countrywide to a huge battleship headed in the wrong direction and said it would take a …

All of that was pretty well reported in the media and led to a sharp drop in Countrywide’s shares a…

Mozila, who helped create the modern mortgage industry, said the delinquencies so far among the com…

The reset tsunami won’t be as large as many expect, Mozila said. But if his observations are correc…

Also, keep in mind that this mortgage turmoil is occurring in an overall strong job market. If unem…

On the web
Mozilo wins even if Countrywide profits plummet – Reuters
Countrywide Financial Q2 2007 Earnings Call Transcript – Seeking Alpha

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