Lance Armstrong to admit doping in Oprah interview: report








AUSTIN, Texas — Lance Armstrong plans to admit to doping throughout his career during an upcoming interview with Oprah Winfrey, it was reported late Friday.

The interview, scheduled to be taped Monday and broadcast Thursday night on the Oprah Winfrey Network, will be conducted at Armstrong's home in Austin, Texas.

Citing an anonymous source, USA Today reported that the disgraced cyclist plans to admit using performance-enhancing drugs, but likely will not get into details of the allegations outlined in a 2012 report by the US Anti-Doping Agency that led to Armstrong being stripped of his seven Tour de France titles and banned for life from the sport.





REUTERS



Lance Armstrong





His representatives declined comment late Friday, including attorney Tim Herman, but Armstrong sent a text to the Associated Press early Saturday morning saying: "I told her (Winfrey) to go wherever she wants and I'll answer the questions directly, honestly, candidly. That's all I can say."

It was first reported last week that Armstrong was considering making a confession.

The 41-year-old Armstrong, who vehemently denied doping for years, has not spoken publicly about the USADA report that cast him as the leader of a sophisticated and brazen doping program on his US Postal Service teams that included use of steroids, blood boosters and illegal blood transfusions.

Winfrey's network announced Tuesday that Armstrong agreed to a "no holds barred" interview with her.

A confession to Winfrey would come at a time when some of Armstrong's legal troubles appear to be clearing up.

Any potential perjury charges stemming from his sworn testimony denying doping in a 2005 arbitration fight with a Dallas promotions company over a contract bonus worth $7.5 million have passed the statute of limitations.

Armstrong faces a whistle-blower lawsuit filed by former teammate Floyd Landis accusing him of defrauding the US Postal Service, but the US Department of Justice has yet to announce if it will join the case. The British newspaper The Sunday Times is suing Armstrong to recover about $500,000 it paid him to settle a libel lawsuit.

Armstrong lost most of his personal sponsorship — worth tens of millions of dollars — after USADA issued its report and he left the board of the Livestrong cancer-fighting charity he founded in 1997. He is still said to be worth an estimated $100 million.

Livestrong might be one reason to issue an apology or make a confession. The charity supports cancer patients and still faces an image problem because of its association with its famous founder.

It was reported that Armstrong may make a confession in an attempt to return to competition in elite triathlon or running events, but World Anti-Doping Code rules state his lifetime ban cannot be reduced to less than eight years. WADA and U.S. Anti-Doping officials could agree to reduce the ban further depending on what new information Armstrong provides and his level of cooperation.

Armstrong met with USADA officials recently to explore a "pathway to redemption," according to a report by "60 Minutes Sports" aired Wednesday on Showtime.










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What the week’s big mortgage moves mean for consumers




















This week brought three big developments to the nation’s beleaguered mortgage landscape. For consumers, the complex moves have been mostly mystifying, but experts say they all aim at turning the page.

“There is a strong desire to put behind us all this period of time — the aftermath of the darkest period in American finance. All these things [announced this week] are intended to do that,” said John Taylor, president and CEO of the National Community Reinvestment Coalition, a Washington, D.C.-based community advocacy group. “There are good and bad things in it for consumers.’’

A new rule issued Thursday by the Consumer Financial Protection Bureau aims to prevent lenders from making the sort of toxic mortgages that forced many unsuspecting borrowers into ruin. Yet the new “qualified mortgage” rule, according to some lenders, also could perpetuate the nation’s tight credit problem and keep many would-be homebuyers on the sidelines.





Meanwhile, two settlements unveiled Monday with big banks should resolve some lingering issues from the mortgage meltdown that have kept banks focused on past errors instead of getting back to the business of lending.

Here is a quick primer on the week’s developments and some likely implications for consumers.

OCC Settlement

The Office of the Comptroller of the Currency, which regulates nationally chartered banks, Monday unveiled an $8.5 billion settlement with 10 giant banks that service mortgages.

As part of the controversial settlement, the OCC is scrapping its Independent Foreclosure Review, which was aimed at identifying victims of robo-signing and other improper foreclosure tactics by banks, but soon proved to be a badly flawed effort.

Instead, under the OCC’s new approach — which will be spelled out in enforcement actions in a couple of weeks — more than 3.8 million borrowers who faced foreclosure between Jan. 1, 2009 and Dec. 31, 2010 stand to get some payment regardless of whether they actually suffered any harm.

The mortgage servicing banks covered are Bank of America, Wells Fargo, Citibank, JPMorgan Chase, SunTrust, PNC, Sovereign, U.S. Bank, MetLife Bank and Aurora.

The agreement provides for $3.3 billion to go directly to borrowers. Another $5.2 billion is earmarked for loan modifications and the forgiveness of deficiency judgments.

The OCC said the amount that eligible borrowers get will range from a few hundred dollars up to $125,000, depending on the type of error that possibly occurred in their mortgage servicing.

“If a borrower went through foreclosure with one of those 10 lenders, they should receive a couple hundred bucks, whether they deserve it or not,” said Guy Cecala, publisher and CEO of Inside Mortgage Finance Publications in Bethesda, Md., which tracks news and statistics in the residential mortgage industry. “The odds of getting $125,000 is the odds of winning the lottery. It would have to be a false foreclosure or where they were thrown out of their house illegally.”

The OCC will look to 13 broad categories of errors outlined in the Independent Foreclosure Review launched in April 2011.

Those include a litany of bumblings and misdeeds by the mortgage servicers, ranging from foreclosing on a homeowner who was following the rules during a trial period of a loan modification, to failing to offer a loan modification as mandated under a government program, to failing to follow up with a borrower to obtain needed documents under a government program.





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Miami Gardens City Hall’s new address: Obama Boulevard




















Miami Gardens will have a street named after President Barack Obama, after all.

An earlier attempt last month was rejected by the council because the proposed location on Northwest Second Avenue was deemed not worthy enough.

The street that was deemed acceptable for “President Barack and Michelle Obama Boulevard” is Northwest 185 Terrace between 27th and 25th Avenues. It is also the site of the new City Hall that is scheduled to open later this year.





The street renaming passed unanimously at Wednesday’s council meeting.

While city officials admit the two city blocks that will be named after the president and his wife are currently in need of improvement, they say once construction is completed residents — and the president — would be proud.

According to City Manager Danny Crew, the city is spending $1.5 million in renovations and upgrades on President Barack and Michelle Obama Boulevard.

“We’re going to make sure it looks good out there,” said Vice-Mayor Lisa Davis.

The renaming comes before President Obama’s inauguration on Jan. 21.

Once City Hall is built, residents who send letters in the mail to the council or other city officials will address the envelope to President Barack and Michelle Obama Boulevard.

The council will also consider at a later date if it wants to rename a portion of Northwest 199th Street after Marcus Garvey, pan-African activist and Jamaican political leader.





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BlackBerry Z10 shown off in leaked marketing materials









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Worn Out? Stars Step Out in Same Style



Lena Dunham vs. Gwyneth Paltrow







Has Girls star Lena Dunham been taking style notes from Gwyneth Paltrow? Lena looked confident in her black and white Valentino jumpsuit at the show's season two premiere on January 9 in New York City, but Gwyneth was first to sport the form-fitting jumpsuit all the way back in October, when she celebrated her 40th birthday in NYC alongside her besties Beyonce and Cameron Diaz.

Who looks better in the minimalist jumpsuit -- It Girl Lena or birthday girl Gwyneth?








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Wells Fargo reports 25 percent increase in fourth-quarter earnings








Wells Fargo, the country's biggest mortgage lender, reported a 25 percent increase in fourth-quarter earnings Friday. The bank made more loans, set aside less money for potential defaults and enjoyed above-average returns from the investments made by its private equity business.

The San Francisco-based bank was the first major lender to report fourth-quarter earnings. Revenue grew over the year in credit cards, wealth management and other units, and the bank brought in more in service charges and investment fees. Mortgage lending slowed from the third quarter, however.




Revenue rose 7 percent, to $21.9 billion, beating the $21.3 billion expected by analysts polled by FactSet. Wells Fargo earned $4.9 billion before paying dividends on preferred stock. That amounted to 91 cents per share, more than the 87 cents per share analysts were expecting. In the same period a year earlier the bank earned $3.9 billion, or 73 cents per share.

As in the previous quarter, mortgages were the main driver of the bank's results. The bank said it funded $125 billion in mortgages, up from $120 billion in the same period a year ago. However, that was also down from $139 billion in the third quarter, stoking some investors' concerns that the mortgage boom, which Wells Fargo is heavily dependent on, could be slowing.

Chief financial officer Tim Sloan said he was "very pleased" with the bank's performance, but also noted the "challenging" problems of "low interest rates and elevated unemployment." Low interest rates can hurt banks because they get a lower return from lending out money. Well's Fargo's net interest income fell 2 percent from the same period a year ago.

The stock fell 40 cents, about 1 percent, to $35 in pre-market trading.

Also top of mind was Monday's national foreclosure settlement, in which Wells Fargo and nine other banks agreed to spend a combined $8.5 billion to settle the government's accusations that they had wrongfully foreclosed on some struggling borrowers.

Wells Fargo said it would pay $766 million in cash and commit an extra $1.2 billion to "foreclosure prevention actions," such as mortgage modifications, for its part of the settlement. The settlement forced it to take a $644 million charge to fourth-quarter results.

The settlement also eliminates an uncertainty that had been hanging over the bank and means the bank no longer has to go through individual, independent reviews of its foreclosures. The bank said that hiring external consultants and extra staff for the foreclosure reviews had recently been costing it about $125 million a quarter.

CEO John Stumpf said the bank was "very pleased to have put this legacy issue behind us."










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Legal feud over Spanish-language TV leads to federal suit in Miami




















What began as a highly-touted affiliation between a new Spanish-language national television network and a popular independent local station in Miami has dissolved into a legal dispute of David and Goliath proportions.

MundoFox Broadcasting, part of the family of communications giant News Corporation, filed suit in the U.S. District Court Southern District of Florida against the parent company of America Tevé Channel 41-WJAN, America-CV Network, for breaching two agreements forged in May.

The complaint alleges that in South Florida "MundoFox’s initial launch had less exposure, viewership was lower, soliciting advertisers became more difficult and advertising revenue decreased,” because the network was swapped to inferior channel positions by cable providers.





In a statement, America-CV Network, denied the allegations in the complaint and announced that it will defend itself vigorously.

— DANIEL SHOER ROTH





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Wisdom from the mouths of babes




















The other day, a friend of mine email me the following letter from a 7-year-old second-grader, Abigal Lily Alder, at Heron Heights Elementary in Broward County, and I want to share it with you, my dear Neighbors in Religion readers:

The title: "AUTISM SPEAKS to Me!"

"If I could help somebody it would be my brother, Grant, who has autism. People with autism like Grant sometimes have trouble communicating and they may act 'different.' I participated in a walk for Autism Speaks with my family, and learned that for every 88 kids one of them will have autism like my brother. If you have a conversation with someone who has autism they are not always able to focus on what you are saying and they may only want to talk about things that are important to them.





“Restaurants, playgrounds and shops can sometimes be too exciting for them at first. They may be loud, say things you may not expect or they may have trouble understanding what you are asking them.

I would like people to accept kids like my brother who are unique in their own way, and not judge them. Just be patient. If you see someone who you think may have autism, you should help them or just be a friend. I went to camp during the summer with kids who have autism like my brother, and I found out that they can be real friends just like anyone else. We laughed together and played games. It was a blast and I am still friends with many of them.

“There are good things about autism, too. My brother is the most fun and active person. He is awesome on computers and every morning when I wake up, my brother has a big smile on his face and he says, 'It is a beautiful morning.' He is still the BEST BROTHER EVER!

“I know I may be only seven, but I can make a difference and so can you."

Abby is in Mrs. Chiros' class and was the essay contest winner for her grade level.

Oh, thank you, so much Abby. You are wise beyond your young years. I know your parents are so proud of how sensitive you are — and that's a feather in their hats. God bless you and Grant. My godson Isaiah Swift, 6, has autism and I love him so much, and tell him often.

Although he had not been able to speak, one day at church he shocked my boots off, so to speak, when he said without any prompting, "I ... love ... you.”

It brought tears of joy to my eyes.

‘Why I am Thankful’

On Dec. 28, I asked readers to share reasons they are thankful. Here is a response from Charlotte Delascasas:

"I am grateful for the upcoming MLK Holiday and our national tradition of community service. Coral Gables Congregational Church will be having their annual food drive and Pastor Laurie Hafner will remain fasting up in the tower until 3,000 pounds (one dollar also equals one pound) is raised before the cherry picker brings her down, usually 7 p.m. Saturday night, when there will be a rock ‘n’ roll band in our parking lot in front of the Biltmore Hotel, to celebrate.

“Our church will also adult education about Dr. King from 9:45 to 10:45 a.m., each Sunday in January. I am thankful that our congregation welcomes everyone, no matter where you are on your spiritual journey, with an open door. Each Thanksgiving we join Temple Judea and Riviera Presbyterian for an interfaith service and we have welcomed theologians from all religions to speak as well. Our social justice program includes Green Christians, who have just started a community garden.





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Lily Allen Gives Birth to Daughter Marnie Rose

Lily Allen, 27, is a mom again! The British singer welcomed daughter Marnie Rose on Tuesday, January 8, People is reporting.

This is Allen's second child with her husband Sam Cooper. Marnie Rose will join older sister Ethel Mary, 1.

Related: Lily Allen is Pregnant

"Quite overwhelmed by all the well wishing going on. THANKYOU everybody x x x," she tweeted Thursday morning.

Allen has been previously open about the two miscarriages she suffered prior to giving birth to Ethel Mary on November 25, 2011.

"It was a really long battle, and I think that kind of thing changes a person," Allen said in her documentary Lily Allen: Rags to Riches.

Related: Lily Allen Welcomes a Baby Girl

The Smile singer again made headlines in June with rumors of her return to music after announcing in 2010 that she was taking a break to focus on her fashion store and personal life.

"You will be pleased to know that i am currently in the f***ing studio with [producer] @GregKurstin," Allen tweeted.

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Ferry passengers return to daily - and seated - commute








AFP/Getty Images


Mayor Bloomberg inspects the damage after the commuter ferry slammed into Pier 11. A large hole can be seen in the front of the boat after the crash.



Commuters aboard the same ferry service that crashed one day earlier enjoyed a smooth — and seated-at-all-times — sail into Manhattan this morning.

Passengers returning to the Highlands-to-New York journey said they had no worries riding the Seastreak ferry and noticed virtually everyone stayed in their chairs until the craft came to complete stop in Manhattan.

Yesterday, an out-of-control ferry carrying more than 300 commuters slammed into a lower Manhattan dock , tossing terrified passengers like rag dolls into walls and down staircases and leaving 93 people injured.





Sun Media / Splash News



The damage to the Seastreak yesterday.





PHOTOS: SEASTREAK FERRY CRASHES INTO PIER 11

RIDER'S FIRSTHAND ACCOUNT OF FERRY CRASH

CAPTAINS WORRIED OVER PROPULSION SYSTEM

“Everyone remained seated at the end --normally people rush to get off first." said commuter Darren Srikumpol, 37, just after pulling into Pier 11.

Atlantic Highlands resident Julie Mahoney, 38, said she too noticed how passengers weren’t in such a rush to sprint off the boat.

“It [today’s commute] was very smooth, but at the end no one stood up or rushed to get off the boat, a first,” said Mahoney, adding that yesterday’s smash-up was the talk of this morning’s ride.

“There was a lot more chatter than usual because people were talking about it. When you take it everyday it's part of your daily commute. It's part of the reason I moved to Atlantic Highlands.”

Federal investigators are probing whether a mechanical failure caused the Seastreak Wall Street to crash into Pier 11 at about 8:45 a.m., sending 93 passengers to hospitals — two of them in critical condition — and ripping a giant gash in the ship’s bow.

The National Transportation Safety Board is investigating the crash, which evoked memories of the horrific 2003 Staten Island Ferry wreck that killed 10 people and injured 59.

Passenger Michael Dean said he believes a slower exit off the boat will be the new normal.

“I think more people will stay in their seats from now on,” said Dean, who went flying yesterday but escaped virtually injury-free.

“I was gathering my stuff facing my chair. When we hit land, the crash lifted me up and threw me into a row in front of me. I was literally in the air. I got knocked around but I decided to see my own doctor in New Jersey to get checked out. I’m a bit stiff but I’m fine."

Commuters on board today chalked up yesterday’s violent docking as an aberration.

“I appreciate that the boat feels slower today, especially docking this morning,” commuter Sheila Carson, a Monmouth Beach resident and JPMorgan Chase attorney.

“Today is business as usual. We have jobs to do and the ferry is how we get there."

Dean, a 46-year-old financial analyst from Middletown, called yesterday’s crash a “freak accident.”

"I’m feeling no apprehension at all,” Dean said during his commute. “I think it was a freak accident. I think it was something mechanical. These crews are so professional. The crew and captain are great guys.”

Srikumpol said he has no beef with ferry operator despite yesterday’s crash.

He went as far as urging injured passengers to reconsider the lawsuits that will inevitably be filed.

“I hope they don't get sued,” he said. “This is a chance occurrence and I'd hate for this service to be shut off because of this litigious society.”

Additional reporting by David K. Li










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