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The District Crime Intelligence Bureau (DCIB) has foiled a conspiracy to murder two prominent businessmen and arrested seven members of Ravi Poojary's gang.
Earlier this year,PSC brought attention to the county's official guidance document, whichrequired the draining of public pools and the installation of expensive dualdrain systems. There are no such requirements in the federal law.The Pool Safety Council is a non-profit organization dedicated to theprevention of child drowning nationwide.For additional information,including guidance on Pool and Spa Safety Act guidance requirements, pleasevisit our website at: Safety CouncilJohn Procter of Pool Safety Council, 800-970-8420. Franklin owes it to the taxpayerswho pay his salary to explain why he would not make a reasonable effort toenforce this life-saving law as reports of new entrapments pile up monthsafter this law went into effect."The Pool and Spa Safety Act requires an anti-entrapment device like a safetyvacuum release system and approved safety drain covers for all single drainpublic pools, while pools with multiple drains must at least install approvedanti-entrapment drain covers.This is not the first time the Pool Safety Council has highlighted Los AngelesCounty's position on Pool and Spa Safety Act enforcement. Franklin's refusalto answer reasonable questions about his role in ensuring that entrapmentdangers are a thing of the past in Los Angeles is shocking," PSC spokesmanJohn Procter said "As a public servant, Mr.
The federal law requires layers of protection forpublic pools and spas to protect swimmers from the often deadly occurrence ofentrapment.Los Angeles County Health Department official Bernard Franklin told thereporter on camera that he did not have to enforce the federal law, abruptlywalking out when asked about his knowledge of a reported entrapment lastsummer at Cal State Northridge.Pool Safety Council, a leading authority on child drowning and entrapmentprevention, was disappointed by Franklin's reaction "Mr. S&P also reversed its downgrade of some of Credit Suisse'sCMBS ratings on Tuesday, raising A2 and A3 classes of its CMBS2007-C3 ratings to AAA from BBB-plus (Editing by Dan Grebler) Bonds. WASHINGTON, July 21 /PRNewswire-USNewswire/ -- The Los Angeles County officialresponsible for the safety of thousands of swimmers stormed out of atelevision news interview broadcast last night, refusing to takeresponsibility for enforcement of a federal swimming safety law.The comments came as part of the local CBS affiliate's investigate piece intoLA County's lack of implementation of the Virginia Graeme Baker Pool and SpaSafety Act, which the NBC Nightly News estimated to be at ten percent -- thelowest seen nationwide. Michael DuVally, spokesman for Goldman Sachs, declined tocomment on the ratings actions.
S&P analysts said in a report: "We have received a numberof inquiries from market constituents regarding methodology forapplying losses under our AAA rating, which prompted us toclarify our approach." News of a July 14 ratings downgrade to billions of dollarsworth of CMBS, including those of Goldman Sachs, Credit Suisse,JPMorgan Chase, Wachovia Bank and Morgan Stanley, threatened toundermine the Fed's Term Asset-Backed Securities program aimedat salvaging a sector ravaged by the credit crisis. Specifically,the models failed to acknowledge that someshorter-dated bonds should retain top ratings because theywould mature before incurring losses, said Bill Bemis,portfolio manager of structured products at Aviva Investors inDes Moines, Iowa. "S&P's methodology change will make a lot of bonds that maynot have been eligible under the TALF, eligible," said Bemis. Investors and analysts for a month have decried moreconservative models proposed and then adopted by S&P, claimingthey are too harsh and overstate the effects of the U.S.recession on office, retail and apartment building revenue. OnTuesday, S&P said it responded to investors with "refinements"that would likely result in upgrades to seven classes ofsecurities from three bonds.
One analyst at a New York dealer said S&P was "crushed withclient calls" and then realized its models were faulty. The move reinstatestheir coveted eligibility under a Federal Reserve lendingprogram that is behind a strong rally for the $700 billionmarket. Among upgrades, S&P raised ratings on the A2, A3 and A-ABclasses in Goldman Sach's 2007-GG10 transaction, considered abenchmark for CMBS, back to AAA from BBB-minus. In a rare and dramatic reversal from just a week ago, S&Pupgraded the bonds to the top AAA rating.
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