Bank Of America Loses 3 More Directors

Three more directors resigned from Bank of America in the last week. Bank of America by now has replaced more than half of the 19-person board when compared to March. It now has 13 members, including four new directors with banking or regulatory experience, including former Federal Reserve Governor Susan Bies.

John T. Collins, William Barnet III and Gary L. Countryman are the three board directors resigned. The bank reported that the board members resignations were not because of any disagreement with the company or its management. The bank was not an elaborated explanation of why the directors were resigning. None of the three who resigned could be reached for any kind of information.

Bank of America has taken $45 billion of federal bailout money, which includes $20 billion to help absorb Merrill Lynch & Co, the investment bank it acquired on Jan.1 reported a second-quarter profit of $2.4 billion earlier this month.

The bank was under criticism in past few days for paying out $3.3 billion in bonuses for 2008, with 172 employees receiving at least $1 million and the top four recipients receiving a combined $64 million. Merrill Lynch paid out $3.6 billion, including a combined $121 million to four top employees.

The company was one of nine big banks that received bailout money and then paid big bonuses that were identified in a report by New York State Attorney General Andrew Cuomo.

Steps to inculcate reading habits

Some people can talk about almost everything. They generally are literates and skilled at conversation. However, it is not important being a literate. Knowing ‘what to read, and how to express it’ when the time comes is more important.

1. First, read what interests you. Try magazines, or pick up a book of short stories. Read in small bits to understand first. Most importantly, you must get involved in reading something, at least for a while everyday. It is better to read children’s books, as they are more interesting and easy to understand.
2. After a month or two, regularly try to read something more challenging. Read articles in newspapers and magazines. If you are interested in sports, read sports column.
3. Find a book group. Once you start reading, you will want to talk about the book you read. Form a book club; it can be your sister, a brother, a couple of friends or even colleagues at work. Meet for a coffee or arrange a small get together and discuss about the points you read in the book. A lot of fun will evolve and you can gain lot knowledge by sharing your views with others. In addition to this, a book club makes you read more books and helps you brush up tour skills regularly.
4. Set personal goals for reading. Set your targets as to complete a book within a timeframe.
5. Enjoy reading. Enjoy whatever you read; you have to like it. You will enjoy more when you read what you are interested in.
6. Feel free to quote from the books you have read.
7. Once you start reading, it is hard to stop, and it is hard to part with books you love.

Home Improvement Rebates for Canadians

Feeling quandary to renovate your home during crisis times? How if government aids you with home improvement rebates?

Well this is what is happening in Canada. The government of Canada has come up with a new plan to encourage spending in their people. This is named as The Home Renovation Tax Credit (HRTC). According to this plan, people can claim their home improvement expenditures in the form of tax rebates. The plan ends by January 31^st of 2010. This helps people to cut on worries on their home improvement expenditures. Using this plan the homeowners can claim up to 15 percent of the renovation expenditures; but only on projects between $1,000 and $10,000. The maximum tax credit is $1,350. The government has estimated that it will have to provide around $3 billion as tax relief for this plan. It is designed to help around 4.6 million families of Canada.

Celebrating the Monte Carlo Rally

The rally was there since 1911 and still there, helping people to become popular worldwide by just winning a car race.

In fact, it is not just a car race. It is much more than that. It used to give the driver an international fame and the car an international publicity. Such great is this race of Monte Carlo. But it is just called a rally; a humble way to address the great event.

This race is going to start this week but with some issues. There was some confusion over the race as it has been transferred from the World Rally Championship series to the Inter Continental Rally Challenge.

The 77^th Rally Automobile Monte-Carlo is now updated with fresh format. So it will be much interesting to watch the race this time.

If you are a fan of Grand Prix and didn’t get to see Monte Carlo even for once, then I welcome to join our community by watching it this time. I am sure you will love Monte Carlo rally if you love Grand Prix.