Personalize Your Pony and Avoid Stock 'Stangs

There are many reasons Mustangs are famous. It's the original pony car, a two-time winner of Motor Trend Car of the Year, has remained in production for more than four decades, etc, etc, etc. But what has really sustained this fine example of American automotive design and engineering is how endlessly modifiable these cars are. Each individual Mustang owner can transform their car exactly the way they want it, making it as fast, as powerful, as sleek or as sinister as they want. And since AmericanMuscle is the #1 aftermarket Mustang parts dealer on the Internet, it should be obvious where most of these owners go when they want the highest quality products at the best prices.

Did we mention that Mustang owners thrive on speed? Did we even have to mention it? AmericanMuscle knows this, and to make sure you can squeeze every last pony out of that Mustang engine, we offer a number of different Mustang superchargers that are the absolute last word in horsepower and torque. And when we say that, we mean you can generally look to add over 100 HP and around 65 ft-lbs. of torque with these superchargers. These bad boys don't mess around when it comes to getting the ponies out from under the hood and onto the road.

So, now that you've added all those ponies, you're going to need to make sure you're not going to be losing any because of drag or wind resistance. Which means that a Mustang spoiler could be right up your alley. In addition to those previously mentioned benefits, spoilers help to increase fuel efficiency and will give any Mustang an aggressive look that tells people to keep their distance or else you might blow their doors in.

On the few occasions that you're going slow enough for people to see your Mustang, they're more than likely going to be seeing your front end first. And one of the most noticeable customizations you can make to your front end is a new Mustang grille. We stock both upper and lower grilles for Mustangs, sleek mesh grilles or even billet grilles that will shine bright for as long as you own your Mustang.

AmericanMuscle also offers a wide variety of Mustang decals. You're proud of your car and you're proud that you've turned it into something that you can truly call original and your very own, so why not show off your trophy? Bumper inserts are a simple way to do this, as are Lemans stripes and rocker strips. Or maybe you'd even like to sport an AmericanMuscle decal and let everybody know where you got all this great stuff to add to your Pony? Just a suggestion.

MYSTERY LIMO THUGS TAKE WOMAN ON HELL RIDE

A woman was abducted by two men in a black limousine outside a notorious Upper East Side bar and taken on a nightmare ride that ended with her being robbed and dumped on a downtown street, The Post has learned.

"It was really horrible. The cops are working on it," said the terrified 26-year-old New Jersey victim, whose name is being withheld by The Post.

Workers at Dorrian's Red Hand - where the victim's hellish experience began at about 12:45 a.m. on Dec. 2 - are warning patrons not to get into unmarked cabs, especially with the two thugs at large.

The watering hole, on Second Avenue at East 84th Street, is where "Preppy Killer" Robert Chambers met Jennifer Levin in 1986, before killing her in Central Park.

The limo victim's trouble began when she was unable to find a cab, and the black car pulled up, with the driver offering her a ride to the Port Authority, sources said.

She got into the back seat, where a man offered her a cocktail. She refused, but accepted a bottle of water, took a swig, and then felt as if she had been drugged, the woman said.

When the man told the woman she was "pretty" and asked for a kiss, she started yelling, "Let me out!"

When the stranger moved in closer, the woman bit him on the right hand. Enraged, the thug kicked the woman out onto the pavement on West 18th Street at Tenth Avenue.

Missing from her pocketbook were two iPods, a $250 Burberry scarf and a bank card.

Veteran's Day 2008

The New York City Veterans Day Parade!

Tuesday Nov. 11, 2008

This parade is the largest of its kind in the nation, providing an opportunity for New Yorkers and visitors from across our country (and around the world) to honor those who have preserved our freedoms. The theme for 2008, "Legacy of Honor," pays tribute to veterans of all eras, and also serves to welcome home the Intrepid Sea, Air & Space Museum (a New York City icon and herself a veteran of World War II, Korea and Vietnam).

This year's 2008 New York City Veterans Day activities will include:

* Mayor's Breakfast for Veterans
* Opening Ceremony
* New York City Veterans Day Parade
* Crosstown March - One time only event!
* Veterans Day Street Fair
* Commemorative Newspaper - New!
* Parade Program
* Thank You For Serving Video

Mayor's Breakfast for Veterans
8:30 - 9:30 A.M (by invitation only)
New York City's Veterans Day activities begin with an invitation-only breakfast reception hosted by the Mayor at Gracie Mansion. Through our relationship with the Mayor's Office, we offer tickets to our partners and their guests.

Opening Ceremony
10:00 - 11:00 A.M.
Eternal Light Monument, Madison Square Park
Fifth Avenue @ 24th Street > map

The parade is preceded by our traditional Opening Ceremony, at the Eternal Light Monument in Madison Square Park. This ceremony of remembrance and reflection features remarks by the Mayor, other senior elected officials, and special guests, as well as musical tributes and readings. It is open to the public, with preferential seating available for veterans.

The ceremony culminates in a wreath laying, 21-rifle salute and playing of "Taps." This year's ceremony will include a special moment of remembrance for the 90th anniversary of the end the First World War (Armistice Day, which later became Veterans Day).

Veterans Day Parade
11:30 AM - 3:00 PM
Fifth Avenue, from 26th Street to 56th Street
The New York City Veterans Day Parade features over 20,000 participants, including veterans of all eras, active duty military, ROTC and JrROTC units, civic and youth groups, all accompanied by music performed by a dozen of our nation’s best high school marching bands.

Floats, military and vintage vehicles and other special contingents add to the spectacle and excitement of the parade, which is viewed by over 400,000 spectators. The parade route is approximately 1.5 miles, and takes 30-40 minutes to complete. Participants march or ride in review past our official Reviewing Stand, located at 41st Street in front of the world-famous facade of the New York Public Library. Bleachers are available next to the Reviewing Stand for veterans and their guests who wish to sit and view the parade.

Crosstown March
From Intrepid Sea, Air Space Museum
42nd Street from 12th Avenue to Fifth Avenue

A special contingent will depart the Grand Re-Opening ceremony of the Intrepid Sea, Air & Space Museum on the West Side Highway and march along 42nd Street, joining the main parade in progress on 5th Avenue.

More information on this one-time-only event will be available soon; check back here for updates!

Veterans Day Street Fair
9:00 AM - 6:00 PM
56th Street between Madison & Sixth Avenues

Election Day: Mcain vs. Obama

Auto Performance Tuning, Give More Power To Your Car

Every major and minor working part of your car can be fined-tuned to increase speed, smoothness, and drivability. Let's explore the key areas of performance tuning and see how each can contribute to better driving.

Fine Engine Tuning

There are several key areas of tuning that can help give your car or truck an engine boost. One is to install a performance chip. A performance chip can be fitted in engines with fuel injection and an ECU, or Electronic Control Unit.

With a performance chip, non-turbo engines often result in about a 10 percent power boost while turbo engines often see an increase of 25 to 30 horsepower!

Engines also see a power boost with a performance cam, which can be fitted by an experienced mechanic or a really knowledgeable homemechanic. Cams of about 270 degrees can boost the engine up to an extra 12 horsepower.

A power boost valve can also be installed to replace the fuel pressure regulator, which is located in the return fuel line.

Brake Performance Tuning

Be sure to enhance your braking power before increasing power in your automobile. Brakes are very important for your performance and safety although they are not considered performance-enhancing features.

A simple way to improve braking is to install performance pads and fix performance discs. Performance brake pads enhance braking power and can withstand much higher temperatures than regular brake pads.

Air Filters and Tuning

Probably one of the easiest tune-up tasks is to replace the air filters or the air filter element in a performance air filter. If you have a fuel-injected car, you can also enhance airflow by removing the original airbox, which contains the air filter and hoses and then replacing it with an induction kit.

The kit is a cone filter that can be attached directly to the air flow meter, thus, creating a more directed, uninterrupted airflow to the engine. More air means better engine performance.

Exhaust Enhancement

With exhausts, you're not focusing on what's going into the engine, but what's coming out. There are performance exhausts that minimize pressure restrictions for fumes that are on their way out.

Hint: Replace the factory-made exhaust manifold with an aftermarket brand that is tuned to boost power.

A Better Ride with Enhanced Suspension

Suspension is another key car tuning area that often goes unnoticed. Lowering springs can be fitted to get a better look and feel for the car. Handling is improved because the springs reduce roll when taking corners. Also, the tires will have improved contact with the road.

These springs might feel like standard springs when driving over small bumps in the road; however, when cornering hard they stiffen and reduce roll. This gives comfort and improved handling. Shock absorbers and up-rated bushes also enhance suspension.

Abundant Tuning Supplies
If you have trouble finding the performance tuning products you need, use the Internet to locate thousands of tuning products at great prices. You can find auto parts and supplies for car tuning, truck tuning, SUV tuning, and more.

Also, browse through top brand name products known for their durability and performance-enhancing qualities. There are Sniper tuning products, Diablo tuning products, and many others.
Give special attention to these key areas during your next performancetuning to enjoy maximum results.

The Truth and Lies About Your Car Insurance

If you are a newbie in insurance policies, it is best to be educated on the subject. There are many myths and realities in dealing with insurance companies. It is necessary for you to have a general idea about such insurance rates so that you won't have problems later on.Car insurance is needed by people who want to be assured that their cars won't experience distress, especially when the time comes and they get into an accident or anything else. There are things in this world that you have to be aware and to prepare for. This is why it is vital to assess and choose the most affordable and most reasonable price for your car insurance.

Hence, it is true that the insurance quotes reflect the cost of certain automobile- related expenses. In fact, there are many explanations on how the increasing cost of such insurances is accumulated.

Each year millions of people get into car accidents that involve personal injury. With this type of incidents, the typical price range of such treatment is around $6,000 to $9,000. Thus, this can easily turn into tens of thousands of dollars, depending on the type of car.

This problem is actually joined by the trouble of increasing claims of automobile injury, which are currently as much as 30 % in some states. These dilemmas can turn into the new car insurance holder's burden of additional payments or premiums.

Moreover, another reason for this is the legal expenses that the company needs to pay due to the fact that an average jury award for vehicular liability cases are continuing to rise and can put up the pressure on auto insurance rates.

An average liability can cost from about $187,000 up to $269,000. This was the estimated record from the year 1994 up to the year 2000, respectively. Thus, the number one cause of death for people ages 1 up to 34 is car accident.

According to the United States Department of Transportation, these deaths cost more than $150 billion annually. People who are under the use of prohibited drugs, alcohol abuse, high- speed driving and are not using a seat belt are the leading people who are at risk of such an accident. Auto repair has also increased because of the rapid advancing age of technology, along with construction and design that have now become a must in this era. Automotive innovations and repair costs have increased tremendously and thus, higher car insurance may ensue because of this.

Hence, there is a notion that red cars cost more insurance. This is not true. Colour is never a determinant factor in calculating one's car insurance rate. The factors that are important are the year, model, body, type, engine size and the age of the car. Even if you have a cheap car but you have a large engine, or it is an unusual model, it might cost a lot to have it insured as compared to a more expensive small car.Then again, you will pay for a lesser amount in comprehensive coverage, which can cover the damage that is usually brought about by vandalism, hail, fire or even animal accidents. There is also a case, in which, two speeding tickets can make your car insurance rate go up.

Plus, it is also not true that every car insurance company can charge anyone on any way they please. Despite the increasing expenses of this company, they still have a way of covering all the damages and they also have regulators that review their customer rates.

It is also important to take note of the amount of your car, where in, it's insurance will most likely have a relative cost to. This is due to the fact that some companies shoulders only a minimum amount and will not cover certain accidents. Of course, this will result into a lawsuit but they will not include all the damages. So, it is wiser to read your terms and conditions.

Thus, if someone drives your car and there is an accident, you will still be the one held responsible. You will be financially responsible for the accident. In most states, the car insurance that covers the accident is considered the primary insurance holder, which means that the insurance company is the one that should pay for the damages. Hence, there are cases that it is not enough and the driver's insurance is the next in line to pay for the remaining damages. This is primarily why you need to know the car insurance policy in your state, as well as the laws that go hand in hand with it. States and even countries differ in policies politically and geographically.

Aside from this, there are also other factors that are being considered for car insurance rates. Of course, your rate won't be the same as that of your neighbours. Your age, nature of your work, driving record, type of vehicle and marital status are all considered. This can really vary depending on the company's standards. Sometimes, your charge can go down when you turn 25 because this is the time when car accidents go down. The extremes of ages, like that of a teenager and that of the forty year old individual is where the accident rate is at its highest.

Lastly, there is a so called rental reimbursement that can cover and pay for your rental car. This is for cases, wherein, you are on vacation and you just rented a car that resulted into an accident. This will help drivers pay for the damages to the car but this still depends on the limits you selected. Having more than one insurance policy is not really money- saving technique. In fact, it is more expensive. Most of the time, you can save your money by getting the best rate available in one company. Thus, if you want different types of insurance like that of the auto and homeowners insurance, you can look for another company that can give you the best deal. At times, you will get better deals from different insurance companies.
Car insurance is a way of preparing yourself for some stressful moments while driving your car. Getting one doesn't mean that you are already assuming that you will encou7nter car theft or car accidents. Getting car insurance is a lot like accepting the reality that these things happen and that it is best to be prepared. This is better than not having a car insurance at all and end up paying more, just because you decided is best not to have one. Since car insurances these days have death or disability insurance for the driver or owner of the car, it is a lot like caring for your family and loved ones by leaving them with nothing to worry about.
Since there are many car insurance agencies these days, it is best to assess each one and check which has been in the industry for a long time. You can also check with friends for referrals. This is actually the best thing to do as compared to believing in advertisements and flyers.

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Choosing to Get Classic Car Insurance >> NEW<<

Those who own classic cars know the love, care and attention that go into taking care of these cars. Whether you drive it around or not, it is still a good idea to get classic car insurance that is made special for those who own classic cars. One of the reasons to get classic car insurance is because the classic cars are quite expensive thus it is more prone to thief compared to other types of cars. Since classic cars are more expensive and are exposed to higher risk of thief, getting a regular insurance coverage may not really be enough to protect your classic car.

To make sure that your classic car is fully protected, you should always buy adequate classic car insurance for your car. The good thing about a classic car insurance is that it allows to you ensure your vehicle based on its true value rather than stated value. Yes, getting classic car insurance may be a bit costly but if you really want to safeguard your car against theft, accidents and the likes, getting classic car insurance is a must.

Classic Car Insurance

In America today, less that half of collector cars on the road are insured with classic car insurance. These policies have been available for a long time, but many people do not know about them. Most people have a regular insurance policy with high premiums and restrictive policies. You won't get that with classic car insurance. Standard premiums can be at much as 500 percent higher. Why pay that much for such a limited amount of coverage?

There are a few different types of coverage that you have with classic car insurance. There is actual cash value that gives you the book value of the car on a claim, the state value that lets you state the value of the vehicle for coverage, and there is the agreed value that guarantees all of your money back in the event of a total loss. This is the only policy that will not depreciate over the years.

If you are wondering what is considered a collectible vehicle, it may be hard to define. There are many different types of cars that are collected these days, so to find out if your beauty is considered a collectible, you will want to contact a classic car insurance carrier in order to see if your car qualifies for this great insurance.

Finding the Very Best Classic Car Insurance

Before you start hunting for a classic car insurance company for your car, you need to find out first how much the true value of your car is. Getting the true value can sometime be tricky. Bear in mind that an insurance company will want to know how much insurance you want on your car so you need to know the true value of your car.

The value of classic cars can vary and it can be greatly increase based on its uniqueness, its model, its present condition, its age and its history. If your car has some really great history attached to it which can be verified, you can fetch a handsome price on that car. To determine how much is the true value of your classic car, bring your car to an appraiser who works with classic cars in your locality. The classic car appraiser should be able to give you the true value of your classic car.

After determining the market value which is the true value of your classic car, you may now start hunting for a classic car insurance company. First you should call those well known classic car insurance companies. Ask these classic car insurance companies for insurance quotes depending upon the true value of your classic car. When comparing insurance quotes from all these classic car insurance companies, pay close attention to the features of the policy and the cost. Make sure that the cost of the insurance is well justified. You do not really want to pay more money than you should on your car insurance.

Maximizing Your Engine, Performance Tuning

Stuffing more horses into your engine used to take countless hours, cost a ridiculous wad of cash in parts, and usually resulted in the busting of several knuckles.

Thankfully, with today's computer-controlled vehicles tuning is about as easy as playing Pong.

If you've seen the TV shows geared at getting every droplet of power out of a classic vehicle, you know they spend the entire show with a load of time-lapsed video of them tearing the engine apart to put in extremely technical and wildly expensive parts.

When it's all done, they crank up the dyno and get giddy over the 3 horsepower gain realized after roughly 4 hours of work.

That's not exactly how most would want to spend their weekend, and all for a measly 3hp.

Of course, there's quite a bit to be said for those computer-free classics that you can have full control over. However, when it comes to getting more power in no time and without having to tear up your hands or throwing piles of cash on hard-to-find parts, a computer-controlled vehicle has a distinct advantage.

The good news is, you're probably driving a computer-controlled vehicle, like most sold over the last quarter century. This makes tuning much easier, because a set of programs determines how your engine performs.

Simply replace your engine's stock programming with some that's geared toward performance and you'll discover power gains almost instantly.

Just how can you get these power gains in minutes? The answer is easy, with a power programmer or performance chip, like those made by Hypertech or DiabloSport.

These power programmers are designed to hold performance programs created and tested by the pros. It's so straightforward a caveman could do it.

Just plug it into the OBD-II port beneath your steering column, enter a few simple yes or no commands to adjust how you want the engine to perform, upload the new programming, and you're ready to rock with 25 or more horsepower. For most folks, this will take a maximum of 10 minutes to complete.

There are a few drivers out there who want the extra power, but are apprehensive of using this sort of tuning method.Their concern is that how can so much power be gain so fast, when the guys on tube spend hours and only add a few horsepower. But the skeptics can rest easy. Modern automakers simply down-tune their cars for the general population.

Engines are setup to work the same for performance enthusiasts as they do for octogenarians who believe going over 40 mph is breakneck speed. You don't fall into the later, nor are you a soccer mom unconcerned about performance, you demand it.

Performance programmers aren't average settings and that makes them a perfect match for you.

And, you don't have to worry about warranties. The companies that make programmers take safety into account with their settings and further they often give you ways to return to stock settings for service visits at the dealership.

What's more, as with all performance mods, you'll be protected by federal law. It basically states that your vehicle's warranty cannot be voided by performance parts unless they can be proven as the source of the breakdown.

So, there's no good reason to wait if you're look to easily tap into the true potential sitting under your hood.

JetBlue Opens New Terminal 5 At JFK

JetBlue Airways (Nasdaq:JBLU) today welcomes its first customers to Terminal 5, the airline's newly constructed home at John F. Kennedy International Airport. Commencing today, all JetBlue departures from JFK will operate from T5, as will all domestic arrivals and international arrivals that pre-clear U.S. customs prior to arriving in New York. The first flight scheduled to arrive at T5 was JetBlue Flight 358 from Burbank at 5:05 a.m. The first departure scheduled for T5 was JetBlue Flight 709 to San Juan, with a scheduled departure time of 6:00 a.m.

One of the first terminals in the U.S. to be completely designed and built post 9/11, T5 focuses on efficiency and customer comfort. The 635,000-square-foot terminal boasts 26 gates distributed throughout three concourses and includes a 55,000-square-foot central retail and concession Marketplace. T5 is designed to accommodate up to 20 million annual customers with up to 250 daily departures.

"From day one Terminal 5 will welcome more than 30 percent of JFK's annual customer traffic," said Dave Barger, CEO of JetBlue Airways. "The terminal is designed specifically with our customers in mind, and we have created a new standard in both comfort and service that everyone can enjoy. Its unique amenities will create a stress free on-the-ground experience for JetBlue customers that will match the innovative and award-winning experience JetBlue is known for in the air."

The design of T5 allows customers to control their own movement and experience through the terminal. There are two check-in areas with a total of 65 e-ticket kiosks and 40 traditional check-in counters, a large central security checkpoint -- the largest single checkpoint in the United States -- capable of accommodating 20 screening lanes, and an automated "in-line" baggage system that efficiently moves bags from the check-in lobby through screening and to the ramp for delivery to waiting aircraft. Customers will be able to enjoy free Wi-Fi throughout the terminal, grandstand seating under a 40-foot-diameter digital ring of LCD monitors in the Marketplace, spacious gate areas with ample seating, expansive windows that bring in natural light and offer unparalleled runway views, a children's play space, and a lounge-like area in the East Concourse filled with whimsical and colorful furniture by Italian designer Moroso.

Twenty-two concessions, created exclusively for T5 by OTG Management, and 25 specialty retail stores present customers with unique dining and shopping options. T5 includes nine full-serve restaurants, bars and cafes; a gourmet food hall featuring eight quick-serve eateries; grab-and-go gourmet markets; three coffee bars; six bars/lounges; and an innovative gate area program called re:vive that allows customers to use touch-screen monitors to order meals for delivery to the gate areas.

T5, designed by Gensler and created in collaboration with Turner Construction Company, Arup, AECOM (as DMJM Harris) and Rockwell Group, provides operational efficiencies while offering a customer-friendly experience for today's traveler. The terminal was majority funded by and built in collaboration with the Port Authority of New York and New Jersey, Kennedy Airport's operator. T5 is located behind the iconic Eero Saarinen-designed TWA terminal, which remains under the control of the Port Authority. The Port Authority is rehabilitating and restoring the landmark structure in order to reopen it to the public under an adaptive reuse program. The design of JetBlue's new T5 began in March 2004 with groundbreaking occurring in December 2005.

About JetBlue Airways
New York-based JetBlue Airways has created a new airline category based on value, service and style. Known for its award-winning service and free TV as much as its low fares, JetBlue is now pleased to offer customers Lots of Legroom and super-spacious Even More Legroom seats. JetBlue introduced complimentary in-flight e-mail and instant messaging services on aircraft "BetaBlue," a first among U.S. domestic airlines. JetBlue is also America's first and only airline to offer its own Customer Bill of Rights, with meaningful and specific compensation for customers inconvenienced by service disruptions within JetBlue's control. Visit www.jetblue.com/promise for details. JetBlue serves 51 cities with 500 daily flights. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JETBLUE (1-800-538-2583) or visit www.jetblue.com.

Prepare Your Car for Winter: Four Things to Do Now

VERY USEFULL INFORMATIONS

If you have never lived in a cold climate, you probably haven't had to deal with driving and handling a car in snowy conditions. There is a lot of preparation that needs to be done before you can drive safely through the winter. Just as you change your wardrobe for winter, your car needs a winter wardrobe. Use the following steps to help ensure your car operates safely during the winter.

Preparing your car for winter breaks down into two categories: regular car maintenance and specialty items to deal with inclement weather. Regular car maintenance includes things that you do to your car year round. You need to make sure that these maintenance tasks get done before the weather starts to change so you can make sure that your car is running at its optimum level.

Before the winter starts, you should get your car's routine maintenance up to date. Getting your oil changed and your brakes fixed are essential in preparing your car for winter. Roads can be dangerous after the first snowfall. If you opt to go for snow tires, you should get them installed several weeks before winter hits. Snow tires aren't always necessary but they are a good idea if you are going to be driving in a place that experiences a lot of snowfall. Even if you don't need snow tires, check to make sure that your tires are in good enough shape to handle the wintry conditions.Test out your windshield wipers before the first rain or snowfall. Be sure the wipers don't just smear water across your windshield. Windshield wipers that work improperly can severely reduce your visibility and put you at risk for getting into an accident. Replace your windshield wipers and take a look at the special winter windshield wipers that are available on the market today. If you live in an area where you frequently experience snowfall, this may be a good option. While you're at it, make sure that your windshield wiper fluid container is filled, and put an extra gallon on fluid in your trunk.

The next part of car preparation is gathering together the supplies that you'll need to get your car running when the weather is bad. These supplies should be kept in two spaces: your garage and in your car. For your garage, you'll need a shovel, a small broom and some de-icing spray. These are necessary in order to free your car from any heavy snowfall that occurred the night before. You may also find an ice scraper handy.

For your car, you should carry an additional ice scraper and some de-icing spray to use if you have to park outside during work hours. These items should be kept with a winter emergency kit that is stored in the trunk of your car. In addition to the scraper and spray, you should store a blanket, some dry snacks, first-aid supplies and bottled water. If you're ever stuck in a snowstorm, these items will help you survive.While driving during the wintertime certainly isn't something that you should worry about, you should take the steps necessary to prepare your car for the coming months. Get your car tuned up and stocked with emergency supplies and you'll be ready to take what ever the winter weather throws your way.

10 Ways to Lower your Car Insurance Payments

Many people buy their own cars because it makes life easier. However, many also struggle with the costs that come with maintaining a car especially when it comes to making car insurance payments. Many car owners are continuously in search for better ways to lower their car insurance premiums. What most do is simply search for companies that provide cheap car insurance. However, what many do not know is that they can save so much more just by following a few simple tips.

For those who aim to save on car insurance payments, the first thing to do is make sure to shop around every so often. In fact, the reason why six-month car insurance polices are most preferred is that it allows car owners to switch and buy car insurance from other providers at the soonest possible time. This means that it is important to continuously survey the insurance market to search for the cheapest car insurance around. Some people find that it is most effective to check out rates for car insurance online while others learn about the cheapest services from their friends and family. No matter what your preferred method for getting car insurance quotes may be, the bottom line is to find the best car insurance to not only suit your lifestyle but your budget as well. Many people who make this a practice report savings of over $300 on policies valid for six months. This would translate to so much more in a span of one year.

Another thing to consider when trying lowering your car insurance payments is to take the option for higher deductibles. Many car owners feel afraid to do this because choosing higher deductibles means shelling out so much more money in case they get into a huge accident. However, the logic behind choosing higher deductibles is pretty sound. Obviously, higher deductibles mean lower premiums. Therefore, lower car insurance payments. Car owners should not worry too much about higher payments when a major accident happens because minor accidents happen more often than major ones and when it comes to minor damages, car owners will still pay the same amount.

Many motorists prefer paying for their premiums in monthly installments because it allows them to shell out a relatively smaller amount at a given time and budget their car insurance payments along with the rest of their monthly expenses. However, what they do not realize is that even the cheapest car insurance providers add on administrative fees for each payment. Even if the additional amount is only $7 or so, for people paying their premiums at monthly installments, this could easily add up to $84 which they could have saved over the period of that one year

Another useful tip to help you lower your car insurance payments is to also look around for companies providing multi-line insurance. This means that you purchase all your insurance from the same company. Most insurers offer huge discounts for this. However, many people still try to look for cheap providers for each type of insurance they need. What they do not realize is that getting their car insurance and home insurance from just one provider can easily translate to about 15% savings.

Furthermore, if you think of yourself as a good driver and no evidence to prove otherwise can be gathered, here’s a good tip for you: look for car insurance providers that can reward you with big discounts simply because of your driving. In fact, some states such as California have made it illegal for car insurance providers to disregard good driving discounts. So, if you have not gotten yourself into any car accidents or received tickets for at least the past three years, do some research or ask around. You may qualify for lower premiums.

Nowadays, a lot of insurance companies will base the prices of their car insurance policies on your credit history. If you have been diligent in building a solid credit standing, then you stand a good chance on getting lower car insurance quotes when you buy car insurance. Aside from making sure unpaid bills don’t pile up, keep your credit balance as low as possible and don’t acquire more credit than you need. Keep your records updated and make sure to correct any errors so your credit history remains accurate.Many car insurance companies also offer discounts to people whose cars have safety features. Airbags, seatbelts, anti-lock braking systems and other factory-installed safety features on your car may help you find the cheapest car insurance you can get. Make sure you tell your insurer that you have such features installed on your vehicle when you get car insurance quotes.

Sometimes it pays to be diligent to the point of being anal. If you want the cheapest car insurance you can get, you should review your car insurance coverage to check for unnecessary expenses in it. If you’re not thorough you may be spending on additional coverage that you don’t need or already have. A perfect example would be towing services. Most, if not all, auto clubs provide such services yet this is part of most car insurance policies as well. So before you buy car insurance review the car insurance quotes you’ve gotten and eliminate all the unneeded expenses.

If you’re looking for cheap car insurance, look for insurers that give discounts to students and senior citizens. Some car insurance companies will offer discounts for students with good academic records and for drivers over the age of 50. Ask around or research on car insurance online, as well, if you have a college student in your family. Some insurers give discounts to parents with college-age children who go to school a certain distance away from home and don’t bring a car to their campus.

One last great tip to lower you car insurance payments is to use your car less. There are a lot of car insurance companies that will give you discounts if you keep the annual mileage on your vehicle low. So, evaluate how you use your car. If you make frequent short trips around town you might consider planning ahead and organizing all your errands so you can check all of it off your list in as few trips as possible.One thing to remember though is that car insurance companies may differ in what they consider to be low annual mileage, so do your research. If you think you might be able to lower your mileage then get updated car insurance quotes.

Following just a few of these recommendations will surely help you lower your car insurance payments. Remember, it is not always about finding the cheapest car insurance provider. Most of the time, it is simply about knowing your options and weighing them to find the perfect car insurance strategy for you.

New Cars From Pontiac In 2009

It's been confirmed that Pontiac will be selling the G3 5-door hatchback in 2009. The vehicle is based on the Chevrolet Aveo5 (also known as the Daewoo Kalos in Korea). The sedan version of the G3 was sold in Mexico previously and also sold in Canada as a 5-door hatch that was called the G3 Wave.

The G3 will be mechanically identical to the Aveo, using a 1.6 liter 4 cylinder engine along with a 4-speed automatic / 5-speed manual transmission. Features will include GM's OnStar system, AC, airbags, and more. The car also comes with standard fog lights and a hatch spoiler to improve the style of the car.

Although it is an economy hatchback, the G3 adds a different flavor to the Pontiac line of cars. Also, in 2009, Pontiac will have 4 cars with EPA highway fuel economy of over 30 mpg, making it a lot more competitive in today's car market. These vehicles include the G3, Vibe, G6 sedan, and the G5 coupe.

The price has not been determined as of yet.

The G6 nameplate was new when the sedan and coupe came out in 2005 (with the convertible following), but the G6 is ostensibly the sixth-generation version of the Grand Am line. The G6 is also available in hardtop convertible form. Trim levels start with the base sedan, fitted with a 2.4-liter four and a four- or six-speed automatic. The G6 GT comes in all three body styles-it's the only droptop trim-and has a 3.5-liter V-6 with a four-speed auto. The GT convertible can also be optioned up to a 3.9-liter V-6.

At the high end are the GXP sedan and coupe, with a 252-hp, 3.6-liter V-6 with variable valve timing. The GXP recalls the body-clad Pontiacs from days of yore, with a giant rear spoiler, large grille, and hood scoops inspired by the successful Pontiac GXP.R that races in the Grand-Am Rolex Sports Car Series. The look doesn't translate well to the street.

The Pontiac G6 is based on the same unibody platform as the Chevy Malibu, but the newer Malibu benefits from three additional years of development and a vastly better interior. By comparison, the G6 feels like a rental car, with cheap plastic coating the cabin.

A six-speed transmission is a new option for the 2.4-liter base car, and it results in an impressive 33-mpg EPA highway rating. Remote start is now standard on GT and GXP models.We picked the G6 convertible first in a comparison test against the Ford Mustang and Chrysler Sebring, but it's worth noting that the trunk is all but unusable with the folding hardtop stowed. We're not huge fans of the aggressive styling of the GXP, but someone-somewhere-must love it. The GT lacks any driving thrills despite 221 horsepower. That leaves the base car, which has appeal in its lower sticker price and higher fuel economy. Our best recommendation, though, is to walk over to the Chevy dealership and look at the Malibu.

Front, front side, and curtain airbags are standard on the sedan and coupe; the convertible makes do with front and front side bags. ABS and traction control are standard on the base and GT cars. Stability control is standard on the GT convertible and GXP models; the GT sedan and coupe get stability control as part of a $1590 Street Edition package.

Giving Your Car a Thorough Auto Tuning ( GOOD TIPS )

Auto tuning is really important if you want to keep your car in its tip-top shape. This will also improve your car's handling as well as raise your car's value.

If you own a car, you probably know the importance of auto tuning. There are people who do auto tuning as a hobby and there are people who actually do this for a living. When you subject your car to an auto tuning, you basically give someone the right to modify it, usually to improve its performance or its handling.

Some people also have their cars tuned to fit their style. This is not as hard as you would think and all it takes is a little knowledge and skill.Understanding Auto Tuning
Cars are pretty much generic. Yes, they can be worth millions of dollars but they are pretty much generic. They are not made specifically to suit your style or your needs. This is why there are people who have their cars tuned.

There are really many ways of tuning a car. You can have it sprayed with a different color. Does your car have a boring blue paintjob? Would you like to have it painted black with lightning streaks of red on the sides? You can place accessories that maybe unnecessary but could make your car look good. You could add in spoilers, side skirts, air vents, double exhausts and bumpers. You can spray symbols or other designs as well.

One of the many popular tune-ups that cars usually have is the engine tune up.

Aside from tuning up the engine, you can also do other things related to your engine's performance. You can adjust your fuel economy or you can modify your car's RPM. All these things are done not only to improve the aesthetic value of your car, but also to allow easier handling and better comfort.
These days, auto tuning is not something that is taken lightly. In fact, there are events that you can join. People actually hold events for car owners to meet and compete. The judges will usually pick out the car with the best tuning. You can even win prizes for having the best auto tuning.

The Auto Tuning Your Car Needs

It is advisable that your car should get a tune up every 30,000 miles. This is a good way to prevent permanent damage to your car. A thorough auto tuning includes replacement of fuel filter. Sparkplugs and sparkplug wires, distributor cap and rotor, valves, belts, air filter and positive crankcase ventilation. You may want to check your fluid levels as well. If your transmission or brake needs some fluids, provide it with some. Give your battery a thorough cleaning as well. While you are at it, check your brakes, lights, wiper blades and other car gauges.

Auto tuning is important. This prevents damage to your car. This allows easy handling as well. With regular auto tuning, you will ensure that you will always have a clean and trustworthy ride.

Crash Barriers- Making Road Travel Safer for You

Crash barriers keep the vehicles from going off the road and steer them safely back on to the road. It wouldn’t be an exaggeration to say that their very presence can boost the confidence of a jittery driver on a mountain road.

Crash barriers can be classified on the basis of their design and implementation. Guardrail, wire rope safety barrier, crash cushions and high containment barrier are a few that can be seen on roadways. All the crash barriers work on a similar principle, they are designed to absorb the impact of the vehicle going off track and hence help it get on to the road again without letting it lose its balance.

At times, the crash barrier to be used on a roadway is determined by the kind of vehicle traffic the roadway gets. For example high containment barriers are put up on the roadways with a large traffic volume of heavy vehicles. Then, crash cushion is specifically designed to protect motorists from impacting the end of concrete barriers and toll plazas. Guardrail is the most commonly seen crash barrier but has a history of highest injury and fatality in a fixed object crash. This is where wire rope safety barrier scores over guard rail as it consists of wire ropes and is flexible.
Though the crash barriers prevent several accidents everyday, they sure don’t prevent all of them. There have been incidences of fatalities, which were mainly attributed to the design and material of the crash barriers. Most of the roadways get all types of automobiles and therefore it becomes difficult to decide on the height and strength of the crash barrier. For, a motorbike can slip under the barrier that’s meant to keep a car from going off track, while a big truck may trip well over the same barrier.

As a step towards ensuring safe road travel, road safety products are first tested and then put up on roadways. The crash barriers are tested in accordance with the guidelines mentioned in National Cooperative Highway Research Program (NCHRP) Report 350, “Recommended Procedures for the Safety Performance Evaluation of Highway Features”.

These guidelines are based on the findings of continuous road safety researches and are subject to revision.

Eco-tuning: Saving More Gas Without Sacrificing Performance

With the rising costs of fuel in the global market, it is no wonder that more and more car owners are resorting to various methods to save gas. In order to lessen their dependence on fuel, most consumers are opting to use hybrid vehicles that offer great mileage while consuming relatively little amounts of gas. Others are using non-conventional gas saving tips such as using public transport or using a bicycle to avoid spending money on fuel. One such method on how to save gas is eco-tuning. But what exactly is eco-tuning and how would it help a car owner in saving energy?

Basically, eco-tuning is one of the many gas saving tips a consumer can avail of. To put it simply, it is done to improve the power of the engine for conservation purposes rather than using it to travel faster on the road. The vehicle will be tuned specifically to meet optimal performance standards and save gas at the same time. This means the vital parts of the vehicle will be modified to reduce fuel consumption without sacrificing the vehicle’s standard performance. Some of the advantages a consumer can benefit from eco-tuning are 15% increase in engine output, a fuel consumption decrease of 2.5 to 6 liters for each 100 kilometers and a more reliable performance from your vehicle. Eco-tuning is very useful for car owners who travel long distances regularly as it will help them save gas more. Plus, using an eco-tuned vehicle will give the car owner the benefit of not changing gears too often. This will result in more gas being saved every time a car owner is travelling for long distances.

There are a lot of auto shops out there that specialize in eco-tuning vehicles. These various shops can help any car owner achieve their desired tuning for their respective cars. In addition, these shops can provide car owners with gas saving tips to maximize the use of their eco-tuned car. In this way, the car owner can drive their car ideally without worrying about the rising cost of fuel. Plus, their fuel consumption is bound to decrease by 20% with the help of eco-tuning. This will result in a better performance from the vehicle and a lessened dependence on fuel. Just make sure the vehicle is suitable for eco-tuning to avoid any complications.

How to Increase Your Sports Cars Fuel Efficiency

One of the blights of owning a flashy sports car is the large amount of gasoline they consume. Unlike the larger, bulky vehicles that consume a lot of gas due to their size, sports cars usually burn a lot of gas due to fast accelerations and all around fast driving. With the price of gas going up all over the country, the fun of owning a sports car is quickly diminished when it comes time to visit the pump. In order to reduce a bit of the hurt that these sports cars and do to your wallet, keep these fuel tips in mind.

The first thing that you can do in order to save money at the pump is to simply cut down on your driving. You can try car pooling or taking public transportation when available. This way you can save driving your sports car to when you really enjoy it, not for boring commutes. For when you are driving the car, remember to keep it as light as possible. The fewer heavy objects and people that are in your car when you are driving, the less expensive your fuel bills will be.



One of the more prominent reasons why sports cars guzzle so much fuel is due to their fast acceleration. It is a lot of fun to be able to go from 0 to 60 in just a few seconds, but think about what it is doing to your cars gas mileage. Keep your foot lightly on the gas pedal while accelerating; there is no need to get off to a lighting fast start all of the time. Another thing that guzzles gas is driving too fast. Driving fast is what makes sports cars fun, but the gas bills that result from it are anything but. In order to get the best fuel efficiency, drive in fifth gear at 40 to 55 miles per hour when possible.



The next thing that you can do in order to increase your sports cars fuel efficiency is to keep your tires inflated. If you are unsure as to how much air pressure you should have in your tires, consult your vehicles doorjamb, or owners manual. The number on the tires themselves may be inaccurate for your particular vehicle.
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During the summertime, a debate that often occurs concerns the best way to save on gas, to either open the windows or use the air conditioning. While there is no simple answer, it all depends on a few factors. When driving at faster speeds, it is usually better to have the windows closed in order to prevent drag. When you first enter your vehicle, if it is very hot, it is better to drive around at relatively slow speeds with the windows down. This way you can get rid of the hot air quickly without overworking your air conditioning. If you own a convertible sports car, you will burn less fuel if you keep your top up.

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Guaranteed Auto Loan Now – Receive Your Car Finance Now

When it comes down to it in today's world not many people want to go out there not knowing exactly what the process encompasses when they are trying to buy themselves a car either for their own personal luxury or for them to get from place to place with. You really need to make sure that you have all the knowledge that goes with buying a car already in your head or else you risk ending up having to spend a lot more money then you should be in the first place. In order for you to make sure that you are going to get the best possible deal on a Guaranteed Auto Loan you are going to want to make sure that you get car finance before you ever walk into a car dealerships car lot.



A Car Finance Loans is simply a way for you to go about paying for the car that you are looking to purchase. You are going to take out a car loan from a financial lending company and bring it to the car dealership with you. The reason for going about doing this is because the moment that you bring your own Used Car Finance to a car dealership you are then considered what is known as any cash buyer in that you can buy the car pretty much out right from them just as if you are paying for it in cash in the first place. You can then you should car finance in order to either buy the car that you want from them or you can also use it to lease a car through them.



If you happen to have gone through the process of buying a car in your past then you more than likely know how a car salesman is going to work with you. The first thing that they would go about doing is checking your credit score through their third party financing company before they ever begin to negotiate on a fair price for the car that you are looking to purchase a car finance with you. The moment they go about doing this they are going to then offer you a supposedly special finance deals in any attempt to make you buy the car and finance it through their own third party financing car finance solutions. This is something that you are going to want to avoid like the plague and is going to end up making you pay a lot more money down the line in the future on the car that you desire simply because you did not take the time and energy to do all the research that is required before getting yourself a car finance that you need.

Irish Construction Insurance

One of the most interesting facts about the Irish Construction industry is that there is no legal requirement for a construction company to hold any from of construction insurance! In fact, the only insurance an Irish contractor is legally obliged to have is basic motor insurance on his/her motor vehicles!

Although there is no legal requirement under Irish law for a contractor to hold adequate Construction Insurance it is extremely important that adequate cover is in place.

One of the most important reasons is the high injury & mortality rate on Irish Construction sites. One major positive of the recent construction boom is the fatality per thousand ratio has fallen in recent years although it is still at an unacceptable level.
For example, in 2001 28% of workplace fatalities were Construction related and the Irish Construction industry is consistently second only to the Irish Agriculture& Forestry Industry.

As many primary contractors require their subcontractors to hold Construction Insurance the reality is that although Construction Insurance is not a legal requirement it is usually a prerequisite to obtaining work on the majority of the countries construction sites so the need for construction insurance is a necessity in everything but law!

Although Construction Insurance is quite a complex field the four main areas of cover are as follows:
• Public Liability Insurance
• Employers Liability Insurance
• Contractors All Risks
• Personal Accident
Public Liability Insurance
Public liability insurance [PL] provides cover in the event that the policyholder is sued by a third party who feels that they have suffered injury or loss as a result of the policyholders negligence (lack of care).
Consider the following examples where Public Liability Insurance will provide cover:
• You run a plumbing company. One day you are called to an office to sort out a problem in their kitchen. Accidentally, you burst a pipe, and flood the office. Your client then makes a claim against you for the damage to their carpet and computer systems which have been damaged by the water.
• You are a building contractor. While walking along scaffolding one of your men drops a piece of equipment which falls to the street, injuring a passing pedestrian. The pedestrian makes a claim against your firm.
Obviously these are very simplified examples and we haven’t discussed the complexities of Products Liability/Liability Law/Duty of Care etc however it should provide a basic understanding of Public Liability Insurance.

Employers Liability Insurance

Employers Liability Insurance [EL] provides cover if any of your employees suffer physical injury or death, and it is proven that as an employer you acted negligently and subsequently could have prevented their loss. If they then decide to pursue you for compensation the insurer will pay the cost of the claim.
Consider the following examples where Employers Liability Insurance will provide cover:
• You run a carpentry company. One of your employees loses a finger while using a chop saw and decides to claim against you for his injury
• You are a scaffolding contractor and are erecting scaffolding around an apartment block. While erecting the scaffolding one of your employees falls and suffers severe bodily injury. He decides to claim against your firm.
Please note that Public & Employers Liability is offered ‘hand in hand’, that is when arranging construction insurance you will need to arrange both Public Liability & Employers Liability Insurance together [Also known as Combined Liability Insurance] as Employers Liability Insurance is not available on a ‘Stand Alone’ basis..
Contractors All Risks Insurance

Contractors All Risks insurance (also known as Contract Works insurance) is an insurance policy specially designed for builders and a number of other trades working at a contract site. Contractors All Risks insurance can include cover for contract works, own plant, hired-in plant and employee's tools. The main part of the contractors all risks insurance is the contract works section which provides cover for the property being worked on (e.g. new house, etc.). However, cover for the existing property is excluded (e.g. the existing structure when building an extension) and must continue to be insured under its own insurance cover.
Consider the following examples where Contractors All Risks Insurance will provide cover:
• You are a building contractor and are building a house for resale. So far you have spent €200,000 on materials and labour. The property catches fire and is destroyed before it has been completed. • You are groundwork’s contractor and are presently digging foundations for a new housing development. Naturally you leave your excavator on site until the contract is completed however one night your excavator is stolen.
Personal Accident Insurance

Personal Accident Insurance [Also known as Income Protection Insurance] is highly recommended for a sole traders, business partners and company directors as a combined liability policy does not cover any injury caused to a sole trader/business partner while it is extremely difficult for a company director to sue his/her own company. A policy can be tailored to your exact needs and policies include a tax free monthly benefit, a lump sum [capital benefit] and hospital cash.
Consider the following examples where Personal Accident Insurance will provide cover:
• You’re a self employed carpenter with no employees. You cut your hand and are unable to work for eight months. As you have Personal Accident cover you receive a tax free benefit of €1,500 after one month and continue to receive this amount until you return to work.
• Although Personal Accident/Income Protection insurance is no substitute for full time earnings it will provide you with an income if you are unable to earn and it will reduce your financial worries at a time when your recovery should be your number one priority.

Machinery & Plant Insurance
Machinery & Plant Insurance is normally arranged on a case by case basis and provides Accidental Damage Fire & Theft Cover on Machinery. This policy is normally taken by contractors who wish to cover a specific number of items.
Health & Safety Executive

In Ireland the HSE [Health & Safety Executive] have the ultimate authority over Construction Sites and have the ability to close a site if they feel it is a safety hazard. Their primary initiative is the ‘Safe Pass’ – a one day site safety training programme.
Who needs to do Safe Pass awareness training?
Safe Pass is a one-day safety awareness programme aimed at general construction workers, craft workers and "on site" security personnel in the construction industry. The aims of the programme are to:
• raise the standard of safety awareness in the construction industry
• ensure that site personnel after completing the one day awareness programme can make a positive contribution to the prevention of accidents and ill health while working on the site
• maintain a register of personnel who have received training
• provide participants with a FAS Safe Pass registration card, indicating that the holder has attended a formal course in health and safety awareness
Under the Safety Health and Welfare at Work (Construction) Regulations 2006 Safe Pass / Safety Awareness Programmes applies to -
(a) craft and general construction workers,
(b) persons undertaking on-site security work, and
(c) persons or classes of persons as may be prescribed by the Minister.
For more information on Irish Site Safety please visit the website of the Health & Safety Authority www.hsa.ie while for more information relating to Irish Construction Insurance please visit the website of Keystone Insurance www.keystone.ie, Ireland’s premier supplier of Construction Insurance

IBC NEWS: Stocks Fall Sharply on Credit Concerns

The selling on Wall Street began at the opening bell on Monday and only intensified as the morning went on. Shares moved sharply lower as the banking crisis tightened its grip on the global economy.

The Dow Jones industrial average fell below 10,000 for the first time since 2004 after losing more than 500 points in the first hour. The index has lost more than 1,100 points — or about 10 percent — in slightly more than a week.

Shortly after noon, the Dow was down 450 points or 4.3 percent.

The broader American stock market was down more than 4.9 percent, as measured by the Standard & Poor’s 500-stock index, its worst decline since last Monday’s 8.8 percent drop. At the same time, oil dropped below $90 a barrel.

The precipitous declines, which accelerated as the morning wore on, came a day after European governments were forced to scramble to save several major banks and lenders from collapse. The moves reinforced the global reach of the current crisis and alarmed depositors and regulators in the United States and abroad.

European stocks fell even further, with the major indexes in London, Paris, and Frankfurt down nearly 7 percent.

The sharp slides came despite a morning announcement from the Federal Reserve, which said it would significantly expand the amount of money it makes available to major banks. The Fed will now lend up to $900 billion in credit, an enormous sum that officials hope will reassure banks that the government will provide them with adequate capital.

The moves were aimed at resolving a problem at the center of the current credit crisis: the reluctance of banks to lend. The healthy functioning of the world’s economy is dependent on the easy flow of short-term loans among banks, businesses and consumers, a stream that has been cut off as banks become more fearful of giving out cash.

Borrowing rates remained very high on Monday despite the passage of the American bailout plan, although proponents of that package argue that its longer-term benefits will take time to carry out. Still, some gauges of anxiety in the market again reached record highs as the week began, and a benchmark overnight borrowing rate, the Libor rate, moved higher. A measure of volatility, the VIX index, jumped to its highest intraday level ever.

“It’s not just a question clearing problem assets,” said Bob McKee, chief economist for Independent Strategy, a research consultancy. “If banks don’t have enough capital they will be paralyzed.”

Oil prices tumbled nearly $4 a barrel to below $90, the first time it has fallen that low since February, before recovering slightly to $90.90 around 10 a.m. The euro continued to fall against the dollar.

Falling oil prices provoked a decline of just over 1,000 points, or nearly 9.9 percent, on the Toronto Stock Market. The drop brought the S&P/TSX index below 10,000 points for the first time since May 2004.

Energy stocks drove the decline, falling 13 percent. Financial industry shares were down 7 percent in mid-morning trading with the Royal Bank of Canada, the country’s largest bank, down 8.43 percent. That drop came despite the fact that the Royal Bank, like most of Canada’s major banks, has relatively little expose to troubled debt in the United States.

Strong prices for oil and gas as well as commodities like metals, have allowed most of Canada to escape the economic downturn in the United States. But the Bank of Nova Scotia report released on Monday said that weakness in the manufacturing sector, which relies heavily on exports to the United States, will push likely Canada into a recession.

In Europe, governments worked over the weekend to prevent the collapse of two lenders, Hypo Real Estate in Germany and the Belgian operations of Fortis. The German government also said it would guarantee all private bank deposits as it sought to avert the spread of the financial contagion.

The FTSE 100 index in London fell 5.6 percent; the Frankfurt DAX was down 5.2 percent and the CAC-40 in Paris lost 5.9 percent.

A similar sell-off occurred in Asia, the Nikkei 225 stock average in Tokyo fell 4.3 percent, while the Kospi index in Seoul fell 4.3 percent. The Standard and Poor’s/ASX 200 index in Sydney fell 3.3 percent, while the Hang Seng index in Hong Kong was down 5 percent.

“People are really disappointed by the inability of Europe to react on a concerted basis,” said Andrew Popper, a fund manager at SG Hambros in London. “It’s still very much a country by country approach. There is also a realization that we haven’t seen any effects on economic growth so far but that now is starting and that’s having an effect on non-financial shares.”

Two 26-year-old women struck and killed by taxis in East Village

A pair of young women were killed after a night on the town - one hit by a yellow cab and the other struck by two, police and witnesses said.

Stephanie Dees and Ann Sullivan, both 26, left Bella's Famous Brick Oven Pizza about 3:30 a.m. yesterday and were trying to cross 14th St. near First Ave.

A yellow cab - traveling west on 14th St. - hit the women, bouncing Dees into the opposite lane of traffic, police said. A second taxi then plowed into her, police said.

"I saw the two girls standing at the intersection side by side in the middle of the road," said Dexton McKenzie, 37, who was a passenger in the second cab.

"The next thing I saw was a head fly into the windshield and another girl flying toward a garbage can," McKenzie said. "I ran out of the car and saw tire tracks on the one girl's body and blood coming out of her mouth."

The two friends were seen playfully taking pictures of each other at the restaurant shortly before the East Village accident.

Dees and Sullivan died at Beth Israel Medical Center. Neither taxi driver faces criminal charges, police said.
"They were just two girls having fun," said an employee at the pizzeria.

"They saw a guy asleep on a table and they went behind him and snapped pictures of themselves," the worker said. "They appeared real good-natured. This is such a shame."

Picture Of The Week

"It Makes Cents" :)

BUSH SIGNS AUTO LOAN PACKAGE

WASHINGTON, DC -- President George W. Bush on Tuesday signed into law
a mammoth spending bill that includes a $25 billion loan package for
troubled automakers.

The bill sets aside $7.5 billion in taxpayer funds needed to guarantee
$25 billion in low-interest loans to help General Motors Corp, Ford
Motor Co and Chrysler LLC produce more fuel-efficient cars and trucks.

U.S. automakers have said the taxpayer-backed loan package would give
them access to capital at a time when credit markets are shut and they
are being driven to invest in new technologies to meet tough new
federal fuel economy standards.

The $25 billion loan package, the biggest federal subsidy for the auto
industry since the 1980 bailout of Chrysler, cleared Congress last
weekend when the focus was on the debate over the $700 billion
financial rescue package.

Both presidential candidates, Democrat Barack Obama and Republican
John McCain, backed the auto loan package, which had strong support in
battleground election states like Michigan and Ohio.

Citigroup Buys Bank Operations of Wachovia

Citigroup reached an agreement early Monday morning to acquire the banking operations of the Wachovia Corporation after making a daring bid that pulled the deeply troubled company from the brink of collapse.

Citigroup will pay $1 a share, or about $2.2 billion, according to people briefed on the deal.

Federal regulators worked around the clock this weekend to orchestrate the sale, finally reaching an agreement at 4 a.m. on Monday morning. In the end, the government agreed to provide Citigroup with a financial guarantee on Wachovia’s most risky assets. It is similar to the deal that the Federal Reserve established with JPMorgan Chase’s emergency takeover of Bear Stearns.

Citigroup will assume the first $42 billion on losses tied to Wachovia’s riskiest mortgages and will pay the Federal Insurance Deposit Corporation $12 billion in preferred stock and warrants. In exchange, the F.D.I.C. will absorb all losses above that amount.

Federal regulators said the move was necessary to stave off what could have been the second big bank failure in less than a week. On Thursday, the government seized Washington Mutual and sold the bulk of its operations to JPMorgan Chase.

“This morning’s decision was made under extraordinary circumstances with significant consultation among the regulators and Treasury,” said Sheila C. Bair, the chairwoman of the F.D.IC in a statement. “This action was necessary to maintain confidence in the banking industry given current financial market conditions.”

Wachovia customers should not notice any changes. “There will be no interruption in services and bank customers should expect business as usual,” Ms. Bair added.

The deal further concentrates Americans’ bank deposits in the hands of three banks: Bank of America, JPMorgan Chase and Citigroup will control more than 30 percent of the industry’s deposits.

Together, they will have unrivaled power to set prices for their loans and services. The institutions would probably come under greater scrutiny from federal regulators, given their size and reach. And some small and midsize banks, already under pressure, might have little choice but to seek suitors in order to compete.

The deal highlights just how bad the banking industry’s problems have gotten as well as the progress that Citigroup after being one of the first to suffer huge losses. Citigroup’s chief executive, Vikram S. Pandit, has recently been making the case to employees and investors that Citigroup is a “pillar of strength” in turbulent times. If he is successful, this transaction could be an important milestone.

Under the deal, Citigroup will buy all of Wachovia’s assets and liabilities — a move that should protect Wachovia’s bondholders. It will also acquire Wachovia’s big retail operations as well as its corporate and private banking. It will also takeover Wachovia’s relatively small investment banking operations, which have catered to real estate and medium-size corporations. Citigroup is leaving behind the A.G. Edwards retail brokerage operations and Evergreen Investments, Wachovia’s money management arm. Senior management decision have not been worked out, according to people involved in the talks.

With Wachovia’s branch network, Citigroup will now have one of the biggest retail banking franchises in the country after years of false starts. That should give Citigroup a larger platform to sell home loans and credit cards, and would give it access to more than $400 billion in more stable customer deposits. The bank has been aggressively trying to reduce its dependence on outside investors for funds.

The risk is that Citigroup could be saddled with tens of billions of dollars in losses tied to Wachovia’s giant loan portfolio. Wachovia has been hurt badly by its 2006 purchase of Golden West Financial, a California lender specializing in so-called pay-option mortgages. And the bank also faced mounting losses on loans made to home builders and commercial real estate developers.

To pay for the deal, Citigroup expects to raise more than $10 billion by issuing new shares of its common stock. It will also slash its dividend to 16 cents a share, the second time in the last year.

Another risk is that Citigroup has had a poor track record of putting together mergers, although it now has a new management team. Citigroup shares were essentially flat in late morning trading on Monday.

Last week, Wachovia held discussions with Citigroup, Wells Fargo and Banco Santander of Spain, before the foreign bank’s interest cooled. But the talks intensified this weekend as lawmakers worked in Washington to hammer out the details of a $700 billion bailout plan. Wachovia executives, meanwhile, huddled in the Seagram Building offices of Sullivan & Cromwell on Park Avenue.

Robert K. Steel, a former top lieutenant of Henry M. Paulson Jr. at both Goldman Sachs and then the Treasury Department, who took over as Wachovia’s chief executive in July, arrived in New York to handle the negotiations in person, along with David M. Carroll, the bank’s chief deal maker. At 8:15 am. on Saturday, Citigroup and Wells Fargo took their first peek at Wachovia’s books.

Regulators pressed the parties to move quickly. Senior officials at the Federal Reserve in Washington, and its branches in New York, Richmond and San Francisco held weekend discussions with all the banks involved. Top officials at the Federal Deposit Insurance Corporation and the Treasury were also in the loop.

Timothy F. Geithner, the president of the Federal Reserve Bank of New York, personally reached out to executives involved in the process to assess the situation and spur it along. Citigroup and Wells Fargo pressed regulators to seize Wachovia and let them buy its assets and deposits, as JPMorgan did with WaMu, or provide some sort of financial guarantee, as regulators did with JPMorgan’s acquisition of Bear Stearns, according to people briefed on and involved with the process.

Both Citigroup and Wells Fargo were deeply concerned about absorbing Wachovia’s giant loan portfolio, which is littered with bad mortgages, these people said. Bankers had little time to assess the risk.

Citigroup executives considered Wachovia a make-or-break deal for their consumer banking ambitions. With Wachovia, Citigroup would gain one of the pre-eminent retail bank operations after struggling to build one for years. It would also give Citigroup access to more stable customer deposits, allowing it to rely less heavily on outside investors for funds. If it failed to clinch a deal, Citigroup’s domestic retail operations would be far behind Bank of America and JPMorgan Chase. Mr. Pandit, the Citigroup’s chief executive, was personally overseeing the talks

Now, the challenge for Mr. Pandit will be making the deal work. Citigroup said on Monday it expected the deal to add to earnings in the first year, excluding a $3.7 billion restructuring charge. It also expects to reap about $3 billion in annual cost savings, though it did not disclose possible layoffs. If Citigroup can pull it off, it would be a symbolic victory of sorts. For Citigroup, the deal is the largest acquisition since the merger of Citicorp and Travelers Group forged the company a decade ago.

Although Citigroup has racked up nearly $50 billion in losses since the crisis began last summer and has watched the value of its shares sharply decline, the bank was also among the first to raise large amounts of capital. Mr. Pandit may point to the Wachovia deal as a sign of progress and an indication that the worst for the bank is behind it.

The deal will also be seen as a stamp of approval from regulators. Only a few years ago, the Federal Reserve took the unusual step of banning Citigroup from making "significant acquisitions." Gaining their approval to do a big deal on such short notice will probably be viewed as a big vote of confidence in Mr. Pandit’s management team.

IBC News: MTA bigs still have 20% of recalled MetroCards and E-Z Passes

Former MTA honchos kept one in five lifetime passes that the agency recalled after a Daily News exposé - and their electronic freebies will be switched off within days.

Ex-Metropolitan Transit Authority big shots still have three free E-Z Passes, 10 MetroCards and at least 16 suburban rail passes more than two months after they were told to hand in a total of 143 perks, officials said.

"Our former board members have been very cooperative, and we expect to have all of the passes returned shortly," MTA spokesman Jeremy Soffin said.

Soffin refused to name those who failed to return the passes and said some of them may not know about the recall because of summer vacations.

He noted that nearly 80% of the passes were returned.

The agency plans to pull the plug on the E-Z Passes and MetroCards by the end of the week, meaning some of the ex-bosses may find themselves stuck at bridge toll gates or subway turnstiles, officials said.

The passes for Metro-North and Long Island Rail Road are paper and cannot be electronically deactivated.

For decades, the MTA doled out the lifetime perks to board members and some of their spouses, which the MTA called a token of appreciation for unsalaried service.

A firestorm about the perks erupted in May when The News reported on the distribution of free E-Z Pass tags to nearly 60 past and present board members.

Former MTA Chairman Peter Kalikow, a multimillionaire with an extensive classic car collection, had been granted eight E-ZPass tags.

After The News report, state Attorney General Andrew Cuomo told the MTA that the passes were illegal compensation because board members are supposed to serve for free.

The MTA disagreed but ultimately decided not to fight it out in court, calling the freebies a distraction from more pressing problems, like major gaps in its operating and capital budgets.

In a June letter, the MTA ordered dozens of pass holders, including ex-board members and their spouses and spouses of sitting board members, to return the freebies.

Former board member Warren Dolny on Friday reluctantly mailed his E-ZPass tag and MetroCard to the MTA.

"I'm disappointed," Dolny said, adding that he plans to file a lawsuit and wouldn't comment further on the advice of his lawyer. He previously said he worked hard for no pay, adding that at age 79 he was still working to pay the bills.

The MTA can't do much about the commuter rail passes because those passes are shown to conductors, not swiped or scanned like MetroCards and E-ZPass tags.

Current board members were allowed to keep their passes, but they are supposed to use them only on official MTA business.