Report: Missing NYC woman found dead in Turkey

FILE - In this image from files provided by the family, Sarai Sierra is shown in an undated family photo, in New York. The New York City woman who went missing while vacationing alone in Istanbul was found dead on Saturday and police detained nine people for questioning in connection with her case, Turkey's state-run news agency said. Sarai Sierra, a 33-year-old mother of two, was last heard from on Jan. 21, the day she was due to board her flight back home. Her disappearance attracted a lot of interest in Turkey, where such disappearance of foreign tourists are rare and Istanbul police had set up a special unit to find her. (AP Photo/Family Photo, File)

FILE - In this image from files provided by the family, Sarai Sierra is shown in an undated family photo, in New York. The New York City woman who went missing while vacationing alone in Istanbul was found dead on Saturday and police detained nine people for questioning in connection with her case, Turkey's state-run news agency said. Sarai Sierra, a 33-year-old mother of two, was last heard from on Jan. 21, the day she was due to board her flight back home. Her disappearance attracted a lot of interest in Turkey, where such disappearance of foreign tourists are rare and Istanbul police had set up a special unit to find her. (AP Photo/Family Photo, File)

ISTANBUL (AP) ? A New York City woman who went missing while vacationing alone in Istanbul was found dead on Saturday, and police detained nine people for questioning in connection with the case, Turkey's state-run news agency said.

Sarai Sierra, a 33-year-old mother of two, was last heard from on Jan. 21, the day she was to fly home. Her disappearance attracted a lot of interest in Turkey, where the disappearance of tourists is rare, and Istanbul police had set up a special unit to find her.

The state-run Anadolu Agency said the body of a woman was discovered Saturday evening near the remnants of ancient city walls and that police later identified it as Sierra's.

The agency did not say what caused her death. But the private NTV television reported that she was stabbed to death, while a private news agency, Dogan, said she had a head wound, suggesting she may have been hit with an object.

Police reached by The Associated Press refused to comment on the case.

Sierra, whose children are 9 and 11, had left for Istanbul on Jan. 7 to explore her photography hobby and made a side trip to Amsterdam, Netherlands, and Munich, Germany. She had originally planned to travel with a friend, but ended up traveling alone when her friend canceled.

She was in regular contact with friends and relatives and was last in touch with her family on Jan. 21, the day she was due back in New York. She told them she would visit Galata Bridge, which spans Istanbul's Golden Horn waterway, to take photos.

The body was found near the bridge and a major road that runs alongside the sea of?Marmara. Here tourists often photograph dozens of tankers waiting to access the Bosporus strait.

On Saturday, police stopped traffic there as forensic police inspected the area.

Anadolu suggested Sierra may have been killed at another location and that her body may have been brought to the site to be hidden there.

At least nine people were detained for questioning in Istanbul, and a police official at the site told journalists that two of them are women. The official spoke on condition of anonymity because he was not authorized to speak to reporters about the case.

It was not clear if a Turkish man Sierra had exchanged emails with during her stay in Istanbul was among the nine detainees. He was detained for questioning Friday, then released. Turkish news reports said Sierra had arranged to meet the man on Galata Bridge, but he reportedly told police the meeting never took place.

Sierra's husband, Steven, and her brother, David Jimenez, traveled to Istanbul to help search for her. Sierra's mother, Betzaida Jimenez, said on Saturday that she couldn't talk about the case when reached in New York.

Shortly after Sierra was reported missing, Turkey set up a special police unit which scanned hours of security camera footage in downtown Istanbul in search of clues. A Turkish missing persons association joined the search, handing out flyers with photos of Sierra and urging anyone with information to call police.

While break-ins and petty thievery are common in Istanbul, the vast and crowded city is?considered relatively safe compared to other?major?urban centers. Sierra's death was unlikely to have a significant impact on tourism, a large component of the?Turkish economy.

In 2008, an Italian artist, Pippa Bacca, was raped and killed while hitchhiking to Israel wearing a wedding dress to plead for peace. Her naked body was found in a forest in northwest Turkey. A Turkish man was sentenced to life in prison for the attack. ?

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-02-02-AP-EU-Turkey-US-Missing-Woman/id-1f8ea36cc4fb479990a2f5d34650a8f8

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Personal finance teaches life skills | The Current Online

by Jetta Barbar

With the rising costs of tuition and living and increased unemployment rates it is more important than ever for students to be educated in the area of finance. Luckily, MCCKC-Longview offers a course to help students plan for their financial presents and futures.

Skylar Rolf was the professor of the course for the fall 2012 semester at the Longview business department. His experience with finance ranges from developing a business with his brother on his family?s farm as a teenager, to earning his MBA and serving as the Chief Operations Officer at a local nonprofit organization.

?This course teaches students the ins and outs of personal finance and equips students with the knowledge to succeed in their personal financial life,? Rolf said. The course covers a variety of topics, from career planning, taxes, banking, investments, consumer strategies, and housing.

?Finances impact everyone, whether we have very little money or are extremely wealthy. It?s important that students are equipped to handle money wisely.? The importance of a course that teaches these skills is clear in this economic climate.

To enhance students? understanding of the financial world, Rolf brought in guest speakers working in different areas of the financial sector. Students heard from an accountant, a banker, a mortgage loan officer, and a personal financial officer. ?Each of these individuals were able to share their perspective on personal finance and how it affects people?s lives. They gave the students insight into what a career in finance may look like, as well as some tips on how to be successful in reaching their own personal goals,? Rolf said.

Professions in this field include many options, from insurance to personal financial advisor. Rolf stated that the top financial professions include positions in accounting, banking, advising, investment management, insurance, lending, and analysis.

?The most important aspect of personal finance is understanding how money works and being disciplined to execute your personal financial plan.? Rolf stated that some students think that being a math whiz is essential to having a career in this field, but that is simply not true. The most important component of succeeding financially is being a planner.

The class is offered as an elective, but it is highly recommended by Rolf. ?I hope that students take advantage of the opportunity to learn about personal finance. It?s a course that will give them a solid foundation as they begin their careers.?

Rolf?s final financial advice is ?creating a financial plan and monthly budget, and then sticking to it. If an individual can stick to a budget and spend less than they make, they will usually be in good shape.?

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Source: http://longviewcurrent.org/2013/02/01/personal-finance-teaches-life-skills/

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Mont. man made up sob story that got him pizza

HELENA, Mont. (AP) ? A Montana man whose tearful reluctance to rob a pizza restaurant earned him free food apparently made up the sob story that gained him the clerk's sympathy.

Police in Helena say 33-year-old David Randall Lacey entered a Papa John's pizza restaurant on Jan. 22 and demanded money. He then broke down crying and told the clerk he needed the money to support his wife and children. The clerk made him a pizza and some chicken wings as he waited, and then he left.

The Independent Record reports (http://bit.ly/14vlTZr ) an investigation found Lacey has no children in Helena and changed his story when he saw how little money was in the cash register ? less than $25, according to a police report.

He was arrested Thursday on suspicion of felony robbery.

___

Information from: Independent Record, http://www.helenair.com

Source: http://hosted2.ap.org/APDEFAULT/aa9398e6757a46fa93ed5dea7bd3729e/Article_2013-02-01-US-Reluctant-Thief/id-f6c9c37991554a4783c62544eba94156

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Emotional Freedom Techniques show promise as feasible ...

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Source: http://bodychargenutrition.com/2013/01/31/emotional-freedom-techniques-show-promise-as-feasible-treatments-for-test-anxiety/

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WSJ: Yes, Sony Will Announce the PlayStation 4 on February 20th

The WSJ is confirming what we all saw in Sony's slick video teaser for its upcoming February 20th event: Sony will be announcing the PlayStation 4. Citing the ol' reliable 'people familiar with the matter', the WSJ says that the PS4 will be announced on February 20th and be released later this year. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/We9o_J_KIQ8/wsj-yes-sony-will-announce-the-playstation-4-on-february-20th

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Educational Jobs In Maths And Physics Seen To Continue To Rise

The Department for Education, through the Teaching Agency, continues to step up its campaign to entice young people to take educational jobs. On one hand, many young people are opting to pursue other careers which they deem more glamorous or more profitable. On the other hand, the demand from the education sector remains. Particularly, there is a strong demand for teachers who are experts in maths and physics.

Many experts view maths and physics as the necessary foundation for the next generation of students, judging from the current trends in the labour market. Increasing the competencies of students in these areas will make it easier for them to cope with the demands of the labour market while the country can benefit greatly as a cadre of well-educated workers guarantee economic prosperity. Also, maths and physics serve to create a solid foundation for other subjects so it makes good sense to train students in these fields early on.

In recognition of the increasing demand for specialists in these subjects vis-a-vis the shortage of qualified instructors, the Teaching Agency is stepping up its recruitment efforts. For one, the agency is offering scholarships and tax-free bursaries for qualified individuals who would want to teach. Maths and physics specialists are eligible for a tax-free bursary of up to ?20,000 for their training. Other institutions like the Institute of Physics also offer scholarships. But aside from these, the agency also provides numerous platforms for prospective applicants to discuss the subject of transitioning from their specialty field into teaching youngsters.

Looking at current developments regarding the education sector, the demand would likely remain at a high for an indefinite period due to the popularity of jobs in other sectors, especially those related with technology, computers and the Internet. For schools, this can create a crisis especially in critical subjects like maths, physics and other sciences.

This is a perfect career opportunity for professionals from other countries seeking better professional experiences outside of their native land. For one, foreign professionals can lend their expertise to another country, helping them meet their demand especially in certain subjects. This is the same with schools, as this helps them immediately fill a need that cannot be easily managed in the short term. In forming a solution to meet the imbalance between supply and demand, teaching agencies play a crucial role by providing a vast pool of qualified personnel readily available for the schools' benefit.

This is the same with schools, as this helps them immediately fill a need that cannot be easily managed in the short term. Click here to learn more.

Source: http://articles.submityourarticle.com/educational-jobs-in-maths-and-physics-seen-to-continue-to-rise-314950

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'Rocky' Music?Structured Finance Is Back - CNBC.com

Last week, the Frankfurter Allgemeine Zeitung reported that Germany's Deutsche Bank had recently launched a CDO worth $8.7 billion, citing sources it did not identify. The German newspaper said the investors ? who were all institutional ? would receive interest of between 8 percent and 14 percent.

"To us, those high yields indicate why we think CDOs will be in demand, but also illustrate the heightened level of risk involved for the financial system," Reynolds wrote in a research note on Monday, commenting on the deal.

"The story noted that Deutsche established its non-core operations unit last week with $125 billion of assets, ranging from securitized positions to a Las Vegas casino, and plans to reduce that to under $70 billion by March, as part of its efforts to raise its capital ratios," Reynolds said.

"The story doesn't explicitly say so, but we believe that means there are more CDOs to come from this bank."

On Thursday, Deutsche Bank released full-year earnings, posting a major loss following writedowns. But shares were 2.5 percent higher after the lender reported better than expected capital ratios.

At its annual press conference following the results, co-CEO Anshu Jain was asked to confirm whether the bank had issued a CDO in order to improve its capital ratio.

Jain replied: "The deal to which I think you are referring, is one where we chose to de-risk our existing assets, to be sold to a highly sophisticated hedge fund, purpose-built to purchase investments like these.

"And the structure that was used, was, I believe, a CDO."

He added: "CDOs themselves are not illegitimate investments. They were the cause of significant losses in the 2005-2008 period, specifically in conjunction with sub-prime CDOs, and some of the selling practices, and who bought them."

While few reports of CDOs from other banks have emerged, several CLOs - which are similar in structure to CDOs, but securitized purely against loans - were launched in January by the likes of Bank of America, Goldman Sachs and Citi. The CLOs ranged in size from $515 million to $1.3 billion.

According to Reuters Loan Pricing Corporation (LPC), CLO issuance in the U.S. reached $6.4 billion this month (as of January 28), versus a monthly average of $7.5 billion in the fourth quarter of 2012.

Meanwhile, London's Financial Times reported on Tuesday that Pramerica and Cairn Capital are vying to be the first to launch a CLO deal in Europe since 2007. Both institutions were major participants in the leveraged loan space prior to 2007.

Pre-crisis, CLOs were often used to fund leveraged buyouts (LBOs), particularly in Europe where the high yield credit space was less developed than in the U.S.

While LBO-related loan volumes remain low, the still-unconsummated leveraged buyout of Dell is seen by some as a precursor to a revival in jumbo-sized deals.

(Read More: Microsoft May Invest $1-$3 Billion in Dell Buyout)

According to a note from Steven Miller, the head of leveraged research at Standard & Poor's Capital IQ, Dell's purchase price will be around $22 billion, based on market capitalization, meaning the proposed deal will be the largest since 2008.

"While Dell may be an outlier in terms of size (due to Michael Dell's large ownership stake and a potential $1-3 billion investment from Microsoft), arrangers say the pace of front-end activity for deals of $5 billion or more has quickened," wrote Miller in a note last week.

"Players are increasingly optimistic LBO activity will trend higher in the months ahead, making 2013 a more fruitful year for deal-making than 2012."

Outside the LBO space, Reynolds said banks might want to use collateralized deals to shed poor quality assets, in order to meet the higher capital ratios required by regulators since the crisis.

"We are confident that regulators never figured on Deutsche improving their capital ratios by 'selling their assets' by stuffing them into CDOs, an asset class that has been virtually dead for five years," said Reynolds in Monday's note.

"When other banks see how easy it was for Deutsche to raise their capital ratios by stuffing items from the closet into a CDO, they will follow suit."

- By CNBC's Katy Barnato

Source: http://www.cnbc.com/id/100422439/Remember_CLOs_CDOs_They039re_Back_Signaling_Return_to_2004

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