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Saturday, February 11, 2012

FBI releases file on Apple co-founder Steve Jobs - Los Angeles Times

Questionable moral character, use of illegal drugs, the abandonment of a child and a willingness to distort reality: Welcome to the FBI dossier of Steve Jobs.

On Thursday the agency released a file on Jobs that it had compiled in 1991, when the Apple Inc. co-founder was in the running for an appointment under President George H.W. Bush. Included in the 191-page document are confirmations of Jobs' dabblings in marijuana and LSD, his strained relationship with a high school girlfriend with whom he had a child out of wedlock and even some scribbled notes from a time he received a bomb threat in 1985.

Much of the information about Jobs' youth, business dealings and volatile personality have been widely known for years and received fresh attention after a lengthy biography was published after Jobs' death in October. But in interviewing dozens of friends, ex-friends, neighbors, employees and colleagues, the FBI collected a trove of firsthand opinions of Jobs, one of the most secretive figures in American business.

Though many of his acquaintances agreed that Jobs was a brilliant business man and capable candidate for the post, not all of them praised Jobs equally.

One interviewee, apparently a former colleague at Apple, said that Jobs "will twist the truth in order to achieve whatever goal he has set for himself" and that he was a "deceptive person."

The person, whose name was redacted from the report along with everyone else's, went on to say Jobs would make a fine appointee to the President's Export Council, an committee that advises the president on international trade, as "honesty and integrity are not prerequisites to assume such a position." (The same person later admitted to the agent that he did not receive any Apple stock, "which would have made him quite wealthy now.")

One woman said Jobs was a "visionary and charismatic individual who was at the same time shallow and callous to people in his personal relationships" — a trait she ascribed to Jobs' "narcissism and shallowness."

More than one interviewee brought up Jobs' troubled relationship with his high school girlfriend, Chrisann Brennan, who was also the mother of his first daughter, Lisa Brennan-Jobs. Jobs "basically abandoned [Brennan] and her daughter," one person said.

However, nearly everyone interviewed agreed that Jobs' intelligence, boundless energy and familiarity with the technology business would make him an excellent trade advisor.

Two interviewees called Jobs "strong willed, stubborn, hardworking, and driven, which they believe is why he is so successful."

The report contained some details of a bomb threat against Jobs in 1985, in which someone calling from a pay phone at the San Francisco airport claimed he had placed four bombs in the homes of Jobs and others and demanded $1 million. An investigation did not turn up any bombs and no suspect was located.

A few quirky details of Jobs' personal life were also buried in the report. He had a 2.65 grade-point average in high school, for instance. And as an adult he "did a great deal of jogging."

As far as his exercise habits, Jobs himself told agents that he was a member at the New York Athletic Club — the only organization he admitted to being part of.

Jobs was also known for being a good neighbor, who at his unadorned homes in Palo Alto and Woodside, Calif., often left his door unlocked and kept to himself.

He was a "quiet and unassuming individual," said a person who lived next door, who noted that Jobs had even "visited her last week to ensure some landscaping he was having done would not cause any problems."

david.sarno@latimes.com

deborah.netburn@latimes.com


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Catholic furor over birth control rule turns Democrats on one another - Christian Science Monitor

So what does contraception at a Catholic hospital or college have to do with a $109 billion highway bill?

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Nothing, it would seem.  

But US senators can propose amendments on any subject. And the Obama administration’s proposed rule requiring church-affiliated organizations to provide health insurance that covers contraception has turned toxic.

It has thrown the White House back on defense after a rare spike of good economic news. It’s also dividing Democratic ranks at a time when both the White House and top Democratic leaders are urging a display of unity.

And that brings us back to the highway bill.

Senate Republicans wanted to get a vote on the matter as soon as possible. The amendment, proposed by Rep. Roy Blunt (R) of Missouri, would allow employers the right to provide employees with health coverage “consistent with their religious beliefs and moral convictions,” without risk of federal penalties.

“This bill would just simply say that those health-care providers don’t have to follow that mandate if it violates their faith principles,” said Senator Blunt in a floor speech on Thursday.

The measure, cosponsored by Sen. Ben Nelson (D) of Nebraska, prompted an objection by Senate majority leader Harry Reid, which blocked a floor vote.

“Republicans never lose an opportunity to mess up a good piece of legislation,” he said.

“They’re talking about a First Amendment right and I appreciate that,… but there’s no final rule," he said, suggesting that the rule is not yet set in stone. "Why don’t we just calm down and see what the final rule is.”

The US Conference of Catholic Bishops is not waiting. The USCCB, which initially opposed the health-care reform bill in 2010 in the fear that abortions could be federally funded, has called on Catholics across the nation to write to their elected representatives to protest the proposed rule.

“Never before has the federal government forced individuals and organizations to go out into the marketplace and buy a product that violates their conscience,” said USCCB President and Cardinal-designate Timothy Dolan.

On Wednesday, Speaker John Boehner (R) of Ohio pledged to overturn the rule.

While some Roman Catholic Democrats, such as Sens. Bob Casey of Pennsylvania, Joe Manchin of West Virginia, John Kerry of Massachusetts, and Claire McCaskill of Missouri, have called on the White House to back off the proposed rule, others – also Roman Catholics – are rallying around the president.

“I am dumbfounded that in the year 2012 we still have to fight over birth control,” said Sen. Kirsten Gillibrand (D) of New York, in a statement on Thursday.

“It is sad that we have to stand here yet again to fight back against another overreach and intrusion into women’s lives. This is what it is – a political overreach to roll back access to birth control – not a religious issue,” she added. 


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Friday, February 10, 2012

Homeowners Get Bulk of the Benefits From Mortgage Plan - New York Times

Some, like Jessica Cooper of Toledo, Ohio, will discover the program’s limitations.

Since she was laid off in June 2009, Ms. Copper and her husband have been pressing Bank of America to modify the terms of the $112,000 mortgage on their home. But because the loan is owned by the Federal Housing Administration, it is not covered. Similarly, Carlos Sandoval de Leon has been seeking a break from Wells Fargo on the $662,000 he owes on a Brooklyn brownstone. But because that mortgage is held by a private investor, it too falls outside the scope of the agreement, which mostly covers loans held by the banks themselves.

The bulk of the settlement, about $20 billion, would go to one million American homeowners who would have their mortgage debts reduced or their loans refinanced at a lower interest rate. It also includes $1.5 billion for roughly 750,000 people who lost their homes to foreclosure between 2008 and 2011, with each receiving between $1,500 and $2,000.

Economists do not expect a big boost for the economy, in part because the banks have three years to distribute the aid. Some experts questioned whether the accord would do much to stabilize the housing market and its glut of millions of foreclosed homes.

Critics also pointed to the fact that millions of mortgages owned by the government’s housing finance agencies, Fannie Mae and Freddie Mac, would not be covered under the deal, excluding about half the nation’s mortgages.

“The effect of this settlement will be catalytic,” Shaun Donovan, the secretary of Housing and Urban Development, said in an interview.

He predicted it would spur more loan modifications through existing government programs as well as principal reductions — when loan debt is written down for borrowers who owe more than their home is worth — as well as additional mortgage relief provided by banks.

“We do believe there should be principal reduction at Fannie Mae and Freddie Mac,” he added. “We’ve been disappointed that this hasn’t happened thus far.” He said the government had proposed incentives for Fannie and Freddie to cut loan balances under an existing program, and the two mortgage giants were studying the idea.

Advocates for homeowners facing foreclosure expressed cautious optimism after the settlement was announced Thursday morning in Washington. “We’re hopeful,” said Joseph Sant, a lawyer at Staten Island Legal Services’ homeowner defense project. “But we had a lot of programs that are good on paper. What will make the difference is that it’s vigorously enforced.”

President Obama declared the deal the largest federal-state settlement in the nation’s history.

“No compensation, no amount of money, no measure of justice is enough to make it right for a family who’s had their piece of the American dream wrongly taken from them,” he said. “And no action, no matter how meaningful, is going to by itself entirely heal the housing market. But this settlement is a start.”

Homeowners in two states — Florida and California — will reap more than half of the $26 billion settlement, a reflection of the disproportionate number of loans that are delinquent or exceed the value of the underlying property there, government regulators said.

The amounts from individual banks were linked to their share of the servicing market. The biggest, Bank of America, would provide $11.8 billion, followed by $5.4 billion from Wells Fargo, $5.3 billion from JPMorgan Chase, $2.2 billion from Citigroup and $310 million from Ally. Bank of America would contribute an additional $1 billion for Federal Housing Administration loans.

And if nine other major mortgage servicers join the pact, a possibility that is now under discussion with the government, the total package could rise to $30 billion.

Banks stocks were mixed in trading Thursday, but shares of Bank of America rose 0.62 percent to $8.18, its highest level since September. Much of the money to pay for the settlement has already been reserved, and investors expect the settlement to remove at least one legal worry for Bank of America.

Shaila Dewan contributed reporting.


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