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Why Financial Reform Will Be Easier Than Health Care
For the first time in Obama’s presidency, Republicans are uncertain as to whether resolute opposition to a Democratic idea is in their political interest. By E.J. Dionne

For the first time in Obama’s presidency, Republicans are uncertain as to whether resolute opposition to a Democratic idea is in their political interest.

Related Entries

• April 22, 2010 Israel Officially Rejects U.S. Demands
• April 21, 2010 Why Financial Reform Will Be Easier Than Health Care

Stewart Acuff: Celebrate Earth Day, New Book “Getting America Back to Work” Connects Good Environmental Policy to Good Economic Policy on Eve of Climate Change Legislation Introduction in U.S. Senate
Next week we expect Climate Change legislation to be introduced in the U.S. Senate. The legislation will move our country to significant investment in green…

William Bradley: California Story: Brown, Boxer, and (Un)convention(al) Politics
Big developments in the past few days make it clear why California has the biggest races in the country this year, with President Barack Obama…

Chris Weigant: Where Tea Partiers Live
PBS’s NewsHour and the Christian Science Monitor have created an interactive map showing the geographic distribution of self-identified Tea Partiers. It reveals some interesting truths about the movement — and the GOP’s future.

HuffPost TV: Roy Sekoff: ‘Diversity’ Would Be Supreme Court Justice Who’s For The Powerless (VIDEO)
HuffPost editor Roy Sekoff appeared on “The Ed Show” Wednesday to talk about Obama’s next nominee for the U.S. Supreme Court. “Too many times,” Sekoff…

Right-wing media criticize financial reform with regurgitated myth that affordable housing caused financial crisis

Criticizing Democratic efforts to reform regulation of the financial industry, right-wing media figures have begun repeating the myth that affordable housing initiatives are to blame for the 2008 financial crisis, pointing to the 1977 Community Reinvestment Act and Fannie Mae and Freddie Mac. Economists — including Federal Reserve Chairman Ben Bernanke — have strongly rejected this notion.

Conservative media figures again heap blame on affordable-housing initiatives

Hannity: “The problem came from … the Community Reinvestment Act.” On the April 20 edition of his Fox News show, Sean Hannity discussed the financial crisis and stated, “We’re going to repeat the problem we don’t understand.” He further claimed, “The problem came from this notion that everybody in America had a right to a house whether they could ever afford to pay their loan back. That’s what the Community Reinvestment Act was all about.”

Limbaugh: Wall Street not to blame for “financial meltdown,” affordable housing is. On the April 20 edition of his radio program, Rush Limbaugh said that “the premise of this whole financial-regulatory reform bill” was that “Wall Street’s to blame for the financial meltdown, and it’s not.” He continued:

Let’s go back to the premise of this whole financial-regulatory reform bill. The whole premise of this is that — is based on the fact that Wall Street’s to blame for the financial meltdown, and it’s not. Government is to blame for the meltdown. … It was these subprime mortgages that were required by the government to be lent — Community Redevelopment [sic] Act, or what have you. … So here, once again, we have people on Capitol Hill — Chris Dodd, who’s being shamefully retired from his seat in the Senate, Barney Frank over in the House, and any number of other people — Fannie Mae and Freddie Mac — who are the literal and real architects of the financial meltdown of last year.

Perino: Fannie and Freddie “led to this crisis in the first place.” On the April 20 edition of Fox News’ Hannity, Fox News contributor Dana Perino claimed that financial reform would be a long-term problem for the administration, stating :

If you look at the poll yesterday from Pew Research Center, 80 percent of the American people don’t trust the government, nor do they trust the other big institutions that are in their lives, including the banks. And at the end of the day, when they step back and you start peeling back the layers, anybody paying attention, they might watch President Obama’s speech on Thursday and be impressed, but then also they might realize that he was the one who was defending Fannie Mae and Freddie Mac that led to this crisis in the first place.

WSJ’s Fund: Fannie and Freddie “got us into this housing mortgage mess.” On the April 19 edition of Fox News’ Happening Now, co-host Bill Hemmer asked whether “Republicans take a risk in opposing” financial regulatory reform. Wall Street Journal columnist John Fund responded:

Sure. With 60 percent supporting more financial regulation, it is a risk. But I think if they say a few things that’ll — people might look a different way. Fannie Mae and Freddie Mac, which are the two federal entities that got us into this housing mortgage mess and led the other banks into making stupid mistakes, they’re not reformed by this bill. They get off scot-free.

Experts reject claims that affordable housing initiatives caused the financial crisis

Bernanke: Experience “runs counter to the charge that CRA was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties.” In a November 25, 2008, letter, Federal Reserve chairman Ben Bernanke stated: “Our own experience with CRA over more than 30 years and recent analysis of available data, including data on subprime loan performance, runs counter to the charge that CRA was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties.” Bernanke further wrote:

Further, a recent Board staff analysis of the Home Mortgage Disclosure Act and other data sources does not find evidence that CRA caused high default levels in the subprime market.

[…]

As the financial crisis has unfolded, many factors have been suggested as contributing to the current mortgage market difficulties. Among these are declining home values, incentives for originators to place loan quantity over quality, and inadequate risk management of complex financial instruments. The available evidence to date, however, does not lend support to the argument that CRA is to blame for causing the subprime mortgage crisis.

SF Reserve Bank’s Yellen: “[S]tudies have shown that the CRA has increased the volume of responsible lending to low- and moderate-income households.” Janet Yellen, president and CEO of the Federal Reserve Bank of San Francisco, in a March 2008 speech criticized efforts to blame CRA lending for weaknesses in the mortgage market, stating:

There has been a tendency to conflate the current problems in the subprime market with CRA-motivated lending, or with lending to low-income families in general. I believe it is very important to make a distinction between the two. Most of the loans made by depository institutions examined under the CRA have not been higher-priced loans, and studies have shown that the CRA has increased the volume of responsible lending to low- and moderate-income households. We should not view the current foreclosure trends as justification to abandon the goal of expanding access to credit among low-income households, since access to credit, and the subsequent ability to buy a home, remains one of the most important mechanisms we have to help low-income families build wealth over the long term.

Slate’s Gross: “[t]he notion that the Community Reinvestment Act is somehow responsible for poor lending decisions is absurd.” In an October 7, 2008, Slate.com article, Daniel Gross, a business columnist for Newsweek and author of Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, criticized the notion that affordable housing initiatives caused the financial crisis, writing that “the notion that the Community Reinvestment Act is somehow responsible for poor lending decisions is absurd” and that “lending money to poor people and minorities isn’t inherently risky. There’s plenty of evidence that in fact it’s not that risky at all.” Gross further explained, “On the other hand, lending money recklessly to obscenely rich white guys … can be really risky. In fact, it’s even more risky, since they have a lot more borrowing capacity.”

Economist Dean Baker: Claim that Fannie and Freddie “responsible for the financial disaster is absurd on its face.” Economist Dean Baker reported in September 2008 that the accusation that “the financial crisis is attributable to the close government relationship with Fannie Mae and Freddie Mac” is “obviously not true.” He further wrote:

Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector. They lost market share in the years 2002-2007, as the volume of private issue mortgage backed securities exploded. In short, while Fannie and Freddie were completely irresponsible in their lending practices, the claim that they were responsible for the financial disaster is absurd on its face — kind of like the claim that the earth is flat.

Gross: Investment banks to blame for subprime loans. In an October 2008 Newsweek article, Daniel Gross wrote:

There was a culture of stupid, reckless lending, of which Fannie Mae and Freddie Mac and the subprime lenders were an integral part. But the dumb lending virus originated in Greenwich, Ct., midtown Manhattan, and Southern California, not Eastchester, Brownsville, and Washington. Investment banks created a demand for subprime loans because they saw it as a new asset class that they could dominate. They made subprime loans for the same reason they made other loans: They could get paid for making the loans, for turning them into securities, and for trading them — frequently using borrowed capital.

Former Lehman Brothers CEO Richard Fuld: Fannie and Freddie played “de minimis” role. Gross further reported that the following happened during testimony by Former Lehman Brothers CEO Richard Fuld before the House Committee on Oversight and Government Reform:

At Monday’s hearing, Rep. John Mica, R-Fla., gamely tried to pin Lehman’s demise on Fannie and Freddie. After comparing Lehman’s small political contributions with Fannie and Freddie’s much larger ones, Mica asked Fuld what role Fannie and Freddie’s failure played in Lehman’s demise. Fuld’s response: “De minimis.”

From Fuld’s testimony:

MICA: And one of your big com — well, one of the big packagers, or the competitor, so to speak, was Fannie Mae, which was deep into this. And you were — you were dealing in some of the paper, I think, for secondary markets and other securitized mortgage paper, to basically package it and make money off it. Is that right?

FULD: Yes, sir.

MICA: What was Lehman Brothers’ exposure to the debt of Fannie Mae and Freddie Mac, and what role did their collapse play in precipitating some of your financial troubles?

FULD: Our –

MICA: It didn’t matter or you –

FULD: Our exposure to both Fannie Mae and Freddie Mac was de minimis, sir.

Report: Feds Open Corruption Probe Of Massa
Fresh off the announcement that the House ethics panel is looking into ex-Rep. Eric Massa (D-NY), the Washington Post drops a bombshell: the FBI is now investigating the disgraced former congressman as part of a corruption inquiry.

GOPers Now Slam Mine Safety Agency — But Skipped Recent Mine Safety Hearing
Republicans on a House committee are slamming the federal mine safety agency in the wake of that deadly explosion at a mine earlier this month. But when the panel held a hearing on mine safety in February, only one GOPer bothered to show up.

Ensign Campaign’s Haul Last Quarter: 50 Bucks
Sen. John Ensign’s re-election campaign took in just $50 in contributions, from one contributor, during the first quarter of 2010, according to FEC reports. The paltry take comes as more bad news for the scandal-tarred Nevada Republican.

El desarrollo del BMW M5 se encuentra ya en su fase final y buena prueba de ello son estas nuevas fotos espía que acabamos de recibir en las que podemos ver a este modelo casi sin camuflaje.

Tras observar detenidamente las imágenes, llegamos a la conclusión de que el lateral podría seguir la misma línea que la actual Serie 5. Lamentablemente, otros elementos como los paragolpes continuan algo tapados para poder apreciarlos sin problemas.

En lo referente a la motorización, se espera que haga uso de un motor V8 de 4.4 litros con el que desarrollar 578 CV de potencia. Gracias a este motor, podría acelerar de 0 a 100 km/h en menos de 4 segundos.

Related posts:

1. Nuevas fotos espía BMW Serie 1 2011
2. Nuevas fotos espía del BMW Serie 7 pack M
3. Nuevas fotos espía del BMW Serie 1 2012

Nevada’s Sue Lowden: Another Palin?
Dem Sen. Harry Reid’s no prize package, but can you believe he’s losing to this babbling dimwit? See the video here. Las Vegas Sun article here.

Obama Has Played More Golf Than Bush
President Obama “has played golf 32 times since he took office, eight more than his predecessor George W. Bush — who was mocked by the Left for his fondness for the game — did in his entire presidency,” the Daily Telegraph reports.

Golf magazine: “The real story, is how golf seems to be used (by both sides of the political spectrum…or at least which ever side is out of power) as a sort of symbol for elitism and how out of touch the president is with the American public. The National Golf Foundation estimates that there are about 26.2 million Americans who like to unwind with a round of golf, and I think it’s safe to assume that very few of those people have as much on their minds as the POTUS.”

Internal Probe Finds RNC Financial Controls in Disarray
“Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending more money courting top-dollar donors than it raises,” the Washington Times reports.

“The investigation found that the Republican Party’s national governing body is losing money on its major-donors’ fundraising program — spending $1.09 for each $1.00 raised, according to RNC members privy to the investigation’s findings. It typically costs about 40 cents for every dollar raised from donors who give more than $1,000.”

Elie Wiesel’s Jerusalem
Friday’s International Herald Tribune brought us two statements, the first, a full page ad by Elie Wiesel, explaining his (and presumably every Jew’s) attachment to Jerusalem, and second, a column by the Times’ Roger Cohen, explaining his (and presumably every…


Jerusalem – Israel – Elie Wiesel – Middle East – International Herald Tribune

Annotating the Congressional Letter Affirming US-Israel Relations
I received a note today reacting to a set of Congressional letters reaffirming US-Israel relations from Sama Adnan, executive director of the new political action committee advocating for Palestinian interests, NewPolicy.org. He notes that 24 US Senators and 102 House…


Middle East – United States – State of Israel – Warfare and Conflict – Israel-Palestine

DeMint: The tea party movement is a ‘spiritual revival.’
Tea party favorite Sen. Jim DeMint (R-SC) said he sees a “spiritual” motivation behind the tea party movement. Telling the Christian Broadcasting Network’s David Brody today that “the bigger the government gets, the smaller God gets,” DeMint said there will be a growing “parallel spiritual revival” with the anti-tax movement, comparing it to the Great […]

Tea party favorite Sen. Jim DeMint (R-SC) said he sees a “spiritual” motivation behind the tea party movement. Telling the Christian Broadcasting Network’s David Brody today that “the bigger the government gets, the smaller God gets,” DeMint said there will be a growing “parallel spiritual revival” with the anti-tax movement, comparing it to the Great Awakening religious movement that proceeded the American Revolution:

DEMINT: I really think a lot of the motivation behind these Tea Party crowds is a spiritual component. I think it’s very akin to the Great Awakening before the American Revolution. A lot of our founders believed the American Revolution was won before we ever got into a fight with the British. It was a spiritual renewal. […]

Well, I think people are seeing this massive government growing and they’re realizing that it’s the government that’s hurting us and I think they’re turning back to God in effect is our salvation and government is not our salvation and in fact more and more people see government as the problem and so I think some have been drawn in over the years to a dependency relationship with government and as the Bible says you can’t have two masters and I think as people pull back from that they look more to God. It’s no coincidence that socialist Europe is post-Christian because the bigger the government gets the smaller God gets and vice-versa. The bigger God gets the smaller people want their government because they’re yearning for freedom.

Watch it:

Indeed, a recent New York Times/CBS News poll of tea party supporters found they are more religious than most Americans, with 38 percent saying they attend religious services every week, compared to 27 percent of all people polled. However, they were overwhelmingly concerned with economic issues, not social ones, with only three percent saying “religious values,” and only two percent saying “moral values,” were the “most important problem facing the country today.”

The Fix: Dem committees hold big cash lead over GOP
1. The three Democratic campaign committees ended March with approximately $22 million more in the bank than their Republican counterparts, a financial edge that party strategists hope will insulate them from considerable losses in the coming midterm elections.

Obama to meet with top lawmakers to discuss Supreme Court selection
Can Congress convince President Obama to pick a non-judge for the Supreme Court?

E-Democracy has been working in rural communities to promote and support local online discussion. It was a project sponsored by the Blandin Foundation. They developed online forums in four communities:

• Bemidji (129 members)
• Cass Lake/Leech Lake (186 members)
• Cook County (211 members)
• Grand Rapids (109 members)

In the spirit of full disclosure I should add that I’m a long time volunteer for E-Democracy; although I did a lot more 10 years ago I still try to keep up with what they’re doing. It was fun for me to watch their progress in these areas.

The E-Democracy model is to encourage email-based discussion (also available on the web). They start by requiring each community to sign up 100 list members. That often involves a lot of each person, reach a person kind of grass roots work. They provided some in-person training and continued support to list members.

The good news is that the four lists are now up and running. The conversation on each list is different – as you would expect – but the conversation seems to be going. You can check out the topics on the various list, I’ve seen everything discussed including broadband, transportation and rummage sales.

You can learn more about the project, what was learned and what is going to happen now in the final report.

Materials: VIKA FURUSKOG 2000×600

Description: Flower vase in the table as if flower comes out from VIKA FURUSKOG.

1. Used Mayonnaise bottle lid on the under surface of table with screw.
2. Drill a hole in table and lid.
3. Fill water on the bottle.
4. Screw bottle.

Only 5 minutes.

~ Tomokazu Hayakawa, Tokyo,Japan.

Setting the Trap on Iran
David Ignatius, Washington Post
WASHINGTON — The Obama administration's goal as it devises sanctions for Iran is to build a sticky trap — so that the harder the Iranians try to wriggle out of the sanctions, the more tightly they will be caught in the snare.It's a clever idea. But even if it works with mousetrap precision, it's unlikely to stop the Iranian nuclear program. That's why Defense Secretary Bob Gates and other officials are pressing to explore the “what-ifs” about Iran — and to accelerate planning for contingencies that could arise as the confrontation deepens.  

Will British Politics Be Changed Forever?
Jonathan Freedland, Guardian
The Lib Dem boom has left seasoned strategists baffled. This alien new world is full of deep craters for all partiesSuddenly British politics has gone Hollywood. That's not a reference to pin-up boy Clegg but rather to the old William Goldman maxim about the film industry: “No one knows anything.” Talk to those whose opinions ordinarily come armour-plated and they'll admit they're flailing.Fifteen days out from a general election, such folk usually have a very clear sense of what will happen. Not this time. 

What’s Missing From Dodd Bill
Wallison, Johnson, Cowen, & Thoma, NYT
President Obama will be in New York on Thursday to lobby for the Democrats' effort to overhaul financial regulations, as Senator Christopher Dodd, the chairman of the banking committee and sponsor of the legislation, and Treasury Secretary Timothy Geithner try to gain the support of centrist Congressional Republicans for the measure.So far Republican support is hard to come by, and, on the other side, some Democrats say the bill is not strong enough. What is wrong with the bill, from both perspectives? Are there ways to improve it?

Congress Must Pass Comprehensive Climate Bill

Luke Timmerman wrote:

There must be a million ideas to help the many millions of obese Americans lose weight. Today, doctors will get a glimpse at a first-of-its-kind treatment from Boston-based Gelesis, where scientists have created a capsule that expands in the stomach to make people feel full and eat less.

Gelesis has said little about this idea since the company was founded with seed financing from Puretech Ventures, plus another $16 million from OrbiMed Advisors, Queensland BioCapital Funds, Puretech, and others in January 2008. Now Gelesis has results from a clinical trial of 95 people who were randomly assigned to take the company’s superabsorbent hydrogel capsules (Attiva) or a placebo. The capsules helped people feel full after meals and less hungry in between, researchers said. And, importantly, the treatment was well-tolerated. The findings were presented at the American Association of Clinical Endocrinologists annual meeting in Boston.

Anyone following the news knows that the obesity epidemic in the U.S. has gotten so big that it poses a threat to the healthcare system, and, simultaneously, represents a monster business opportunity. Health officials now say two-thirds of U.S. adults have become overweight or obese, which raises the risk for a whole raft of other conditions like diabetes, heart attacks, and depression to name a few. Doctors often advise people to eat healthier and exercise more, without much luck. A few biotech companies are racing to win FDA approval of new drugs, but Big Pharma companies have tread cautiously in this field since the fen-phen debacle of the ’90s. Gastric bypass surgery to shrink the stomach can help people, although the procedure carries significant risks.

The idea at Gelesis is to come at this problem with a completely new method. It’s essentially a way to reduce stomach volume without subjecting people to the invasiveness and potential complications of surgery.

“For the first time a group was able to overcome the enormous technical hurdles in creating a super-absorbent polymer,” said Robert Langer, the prominent bioengineering professor at MIT, in a company statement. Langer isn’t a founder of the company, although he advised Puretech Ventures on the technology before the firm seeded Gelesis in 2006. Based on today’s results, Langer added: “This opens the door for entirely new uses of polymers in medicine.”

I took a closer look at this yesterday during a conference call with three key players of Genesis. Daphne Zohar and Eric Elenko of Puretech Ventures, and the co-inventor of the technology, Alessandro Sannino, a professor of engineering at the University of Sallento in Italy, who has been working on this idea for 15 years. The company also has recruited a lot of prominent advisers with different layers of expertise. James Hill, a University of Colorado professor and past president of The Obesity Society brings obesity knowledge; Allan Geliebter, a phychologist at St. Luke’s-Roosevelt Hospital is a pioneer of the gastric balloon; Lee Kaplan of Massachusetts General Hospital Weight Center is a leading researcher in gastric bypass surgery. John LaMattina, a former president of Pfizer’s global R&D operation, has joined the Gelesis board.

You can take a look at how this technique is supposed to work by watching this animation on the Gelesis site, which lasts a little less than four minutes. But’s here the concept in a nutshell: Gelesis has developed a superabsorbent polymer from some unspecified food source. This material, about the size of a grain of sugar, is designed to swell up more than 100-fold …Next Page »

D-Level reality starlet Kim Kardashian has gone Down Under, where she promoting a series of new projects for her fans in Australia.

Well, Kim’s trip got off to a bang this week after she was groped by former Big Brother Australia star Chrissie Swan on the set of her new Sydney-based talk show.

“A few people have asked if it’s real. You can grab it if you want,” Kim told Chrissie when questioned about her curvaceous bum.

Check out the clip to find out what Chrissie’s verdict was…

Hey it’s summer, what better excuse do we need for posting three yachts in one week? Especially when one of them has been styled after Lamborghini’s sportscars, taking the angle of the chassis and creating a 15m long waterbeast. More »

The IMF has revised down its estimates for the global banking sector’s loan losses and provisions from the credit crisis. A US$533-billion reduction to US$2.276-trillion represents a significant revision from the IMF’s previous estimate published just six months ago.

The IMF data also showed that U.S. and U.K. banks are the most advanced in the cycle, with close to 80% of the estimated write-downs already realized, notes National Bank chief economist and strategist, Stéfane Marion. That compares to 62% in the Euro area.

“The improving economic cycle has helped bolster capital to the point where the IMF expects the remaining writedowns or provisions to be mostly covered by earnings for the aggregate banking system,” Mr. Marion told clients.

However, while the asset side of bank balance sheets is improving, the IMF noted that the liability side may come under increasing pressure in coming months.

Increased earnings and private investment have allowed banks to make substantial improvements to their capital positions. At the same time an improved asset picture leads to less pressure in terms of boosting capital buffers to absorb potential loan and security losses.

However, the IMF cautioned that authorities are likely to strengthen bank capital and liquidity requirements to increase the safety of the financial system. It also noted that banks need to refinance nearly US$5-trillion in debt that will mature in the next three years.

“This will coincide with heavy government issuance and follow the removal of central bank emergency measures,” the report said.

The IMF warned that the overall picture masks problem areas, including some regional banks with heavy real estate exposure in the United States, heavy exposure to real estate development loans in the Spanish banking, and in some regional banks in Germany.

Jonathan Ratner

Los amantes de la competición tuvieron este fin de semana muchos puntos a los que mirar, ya que había diferentes pruebas como el GP de China de Fórmula 1, el Rally de Turquía o la primera prueba del Campeonato del Mundo de GT1, las cuáles pasamos a resumiros a continuación.

En el Circuito de Shanghai, Jenson Button se hizo con el triunfo en el GP de China tras una carrera bastante alocada que volvió a tener a la lluvia como protagonista. Lewis Hamilton fue segundo completando el doblete de McLaren mientras que Nico Rosberg sigue rindiendo mucho mejor que Michael Schumacher y se hizo con la tercera plaza, justo por delante de Fernando Alonso.

La lluvia que aparecía y desaparecía obligó a los pilotos a entrar numerosas veces en el pit lane para cambiar neumáticos. A pesar de que Red Bull se había hecho con una nueva pole position, su rendimiento en carrera disminuyo y no pudieron hacerse con el triunfo. Para Fernando Alonso la carrera fue complicada ya que se adelantó ligeramente en la salida y fue sancionado con un drive through que le obligó a una nueva remontada.

Alonso valoró bien el cuarto puesto dadas las circunstancias pero indicó que no está contento tras llevar tres carreras sin subirse al podium. Al menos, las cosas le van mejor que a Pedro Martínez De la Rosa. El piloto español se vio obligado a abandonar cuando su Sauber tuvo problemas de motor en la novena vuelta. Pedro anda complementamente decepcionado y es que el arranque de Sauber está muy por debajo de lo esperado.

Para Jaime Alguersuari las cosas fueron algo mejor, acabando en el puesto decimotercero. Sin embargo, tampoco estaba contento el piloto de Toro Rosso ya que cometió un error embistiendo al Hispania Racing de Bruno Senna, lo que le obligó a hacer otra parada en boxes.

Por cierto indicar que Hispania volvió a acabar con sus dos monoplazas, lo que es una gran noticia para la escudería española que además esta semana anunció el fichaje de Sakon Yamamoto con el objetivo de seguir desarrollando su monoplaza.

La próxima carrera será en España, entre los días 7 y 9 de Mayo. Estos días se había especulado que la nube volcánica podría causar problemas para desplazar a los equipos pero por el momento la prueba no peligra. El ritmo de venta de entradas para la misma es bueno, y la organización ya ha anunciado que se han agotado algunas de las zonas más baratas.

Si dejamos el asfalto y nos vamos al WRC, tenemos que contar una nueva victoria de Sebastien Loeb. El piloto de Citroën se hizo con el triunfo en el Rally de Turquía por delante de Solberg e Hirvonen. De esta forma, Loeb se apunta su tercer triunfo consecutivo en las sólo cuatro pruebas que van de campeonato y ya aventaja en 40 puntos a Solberg, segundo en el Mundial.

El Rally de Turquía fue dominado por Sebastien Ogier en la primera jornada pero sus opciones se acabaron al sufrir un pinchazo y salida de pista en la segunda. Loeb tomó el mando ahí y ya no lo soltó ampliando su distancia en la última jornada. Hirvonen tuvo problemas el domingo con un pinchazo y peor le fue a Dani Sordo, que tuvo que abandonar en el último día de la prueba.

Por otro lado, también se disputó la primera prueba del Campeonato del Mundo de GT1 en el Circuito Yas Marina en Abu Dhabi. Allí, Romain Grosjean y Thomas Mutsch ganaron la prueba con un Ford GT del equipo Matech Competition.

Recordad que todas las noticias relacionadas con el mundo de la competición podéis encontrarlas en Recta de Meta.

Vía | Recta de Meta

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Jennifer Lopez is about to regret ever buying a camcorder with Ex-Husband from Hell Ojani Noa.

The Cuban chef has been sitting on a stash of “racy” video tapes and photographs starring his famous ex for more than a decade, and now that he’s filing for bankruptcy, Jenn’s valuable “assets” are going up for public auction!

Jennifer, who divorced Noa in 1999, is currently suing her ex in a bid to keep the footage and pictures under wraps, but now that he’s broke, she’ll have to take up her case to the Federal Bankruptcy Court.

Noa can “force the federal bankruptcy trustee to sell his share of the Jennifer Lopez ‘racy’ home videos, plus hundreds and hundreds of unseen and ‘racy’ candid still photos of J-Lo, and Ojani’s tell-all book manuscript about JLo at a public bankruptcy auction, to the highest bidder,” says a bankruptcy expert.

Ed Meyer, Noa’s business partner, told RadarOnline.com this week that Noa has “grown depressed over Jennifer Lopez’s poking fun at marriage (including their previous marriage)” to promote her new movie The Backup Plan, in theaters Friday, and just can’t wait to stick it to the movie star in court.

“Ojani feels he has suffered (and is still suffering) ’spousal abuse’ from JLo,” Meyer added.