Saturday, January 30, 2010

BANK OF AMERICA'S OUTAGE AND CRISIS


The Bank of America which is the largest bank of the nation  has been experiencing outage these past few days to date.  Reports stated that its website has been hacked causing their records on file to be in threats as well as  its business transactions especially banking online. Bank officials are trying to do their best to resolve the issue and that everything will goes back to normal.

Bank representative said,  "Our online-banking service is available," spokeswoman Anne Pace said in a telephone interview on Friday afternoon. "We ruled out a cyberattack, but are working with partners to determine the root cause."

It was also reported that this is not the first time Bank of America website has gone down. It also happened in September 2008, April 2007 and February 2001.

Since hacking would never ceased while information technology exist, is online banking really safe for local and international clients?



Wednesday, January 20, 2010

SCOTT BROWN WON THE 2010 U.S. SENATORIAL RACE



After the U.S. Senate seat left vacant by the death of Sen. Edward Kennedy, said vacant seat is no longer empty by this time. Republican Scott Brown wins against his opponents Democrat and Massachusetts Attorney General Martha Coakley and Independent and Libertarian Joseph L. Kennedy (not related to the late Sen. Kennedy)  during the special election for U.S. Senatorial race held in Massachusetts, January 19, 2010.

The January Special Election for U.S. Senatorial race to fill the seat left vacant by the late Sen. Kennedy turns out to be an exceptional one. More voters showed up at the polls Tuesday than in any non-presidential election in Massachusetts since 1990.  Brown won 52 percent to Coakley of 47 percent which was a very close votes.

Brown became the first Republican senator from Massachusetts in 30 years and the 41st Republican in the 100-member Senate who will finish the unexpired term of the late Sen. Kennedy, facing re-election in 2012.

The victory of Brown might leaves President Obama's health care overhaul in doubt and the rest of his agenda marring the end of his first year in office which would be an stunning embarrassment in the White House.

Coakley called Brown conceding the race and President Obama talked to both Brown and Coakley, congratulating them on the race.

State Senator Scott Brown, celebrates his victory with his wife, Gail, in Boston.The newly elected State Senator says, "we can do better."



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