move your money

Move Your Money is a campaign launched by American University students, other universities and financial institutes in the Washington Dc to assist local communities to develop businesses and overcome the gross wealth inequality in the city.

The idea is to move some of the university's $312 million endowment money to local financial institutes like local banks and credit unions which will lend out to help local businesses and help revitalize the community. Specifically the students are campaigning to move 5% of the cash assets from the school's endowment into Community Development Financial Institution like the City First Bank.

Move your money in Washington is not a lone event. Actually in some other cities a similar move has been initiated.

In New York City, Mayor Michael Bloomberg has pledged to move 425 million of municipal tax dollars to local credit unions.

In Los Angeles City, the city Council is reportedly considering a measure to move all government money out of big banks that routinely foreclose on citizen's without mercy or trying to keep them in their homes.

Move your money should be a national campaign to encourage individuals and governments to move cash to financial institutions that are more friendly to the local communities and citizens. We have read news stories saying that some big banks are taking foreclosed homes from home owners and sell the homes for their own interest - in a way to take the equity from the owners.

Fred Schneider

Fred Schneider, B-52s

The Fred Schneider has been partying out of bounds as the male mouthpiece of the B-52s since the late ’70s. Through that band’s commercial success and longevity, Schneider’s goofy, new-wave jester shtick has evolved into an iconic voice that’s now an inspiration to younger artists. Schneider’s latest project, the Superions, showcases both his supreme silliness (”Who Threw That Ham At Me?” is one of his most riotous efforts) and influence (the Superions’ debut EP, Totally Nude Island, features remixes by four Athens, Ga., bands).

Along with fellow Superions Noah Brodie and Dan Marshall, Schneider has delivered a handful of songs that combine sex, sci-fi, shoplifting and a dance called the Disco Garbage Can. Schneider will be guest editing magnetmagazine.com all week. Read our Q&A with him.

toronto newspaper

Tamil Newspaper in Toronto Vandalized After Reporting on Sri Lanka President Visit

The offices of a Tamil newspaper in Toronto were vandalized over the weekend after the paper received a phone call threatening it for its reporting on the visit of Sri Lanka's president.

The newspaper, Uthayan, said it was threatened after reporting on a meeting between Kula Sellathurai, the president of the Canada-Sri Lanka Business Council and the United Tamil Council of Canada, had with Sri Lankan President Mahinda Rajapaksa, The Toronto Star reported in an article by John Rieti.

The Star quoted Sellathurai as saying the threatening call made to Uthayan Editor Logan Logendralingam said, "Your friends went and met the president, now you go and see what happened to your store." The entire front of the office was described as smashed, but there were no immediate estimates of the cost of the damage.

Uthayan has a reputation as a moderate paper carrying news about the Tamil community, an ethnic minority in Sri Lanka which includes a rebel army recently defeated by the government, which is mostly ethnic Sinhalese.

night of the iguana

Richard Burton’s Night of the Iguana

Earlier in the day is Night of the Iguana, but debauched priests. well it just seems too close to Richard Burtons real life though it is a good film. Whos Afraid of Virginia Woolf? is also on and if you like to see two drunk people yell at each other for two hours knock yo-self out. It also seems too close to Thanksgiving Day at the Burton/Taylor household to be great for some reason. Professors are either louts or potheads or rapists in movies. Im also a lawyer so I at least have Atticus Finch.
Does anyone do desperate better than Richard Dreyfuss? I totally got the potato Devils Tower and I have a errr soft spot for Teri Garr too. Earlier in the day is 2001 and 2010 back to back. I like sci-fi and HAL 9000 is ground breaking, etc., but I dont even care to figure it out or chew on it and I blame that on the director. After Third Kind is a Neil Simon doubleheader The Goodbye Girl and Chapter Two. Marsha Simon has relationship diffizzzzzzzzzzzz..

Splendor in the Grass is also on if you like movies about repressed Midwesterners and how they need to open their minds and their legs to be truly happy. Wow that was all positive wasnt it? To be fair to Neil Simon I did like Goodbye Girl when I saw it 20 years ago Chapter Two not so much.

Did I mention Im not a fan of 2001: A Space Odyssey starring Keir Dullea as Prince Valium?

Avandia

FDA report says Avandia should be taken off market: report

GlaxoSmithKline's (GSK, GSK.LN) diabetes medicine Avandia weakens the heart sufficiently to increase users' chances of the heart attacks and heart failure, according to a U.S. Food and Drug Administration report obtained by the New York Times, the paper reported on its Web site Friday night for its Saturday edition.

Citing the FDA report, the Times said that "if every diabetic now taking Avandia were instead given a similar pill named Actos, about 500 heart attacks and 300 cases of heart failure would be averted every month because Avandia can hurt the heart."

"[The drug] should be removed from the market," the FDA report said, according to the Times.