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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/22/2013 1:11:10 AM

Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks

Young German worked until 6am for three consecutive days before collapse at home in east London

PAUL GALLAGHER TUESDAY 20 AUGUST 2013


Serious concerns have been raised tonight about the punishing hours endured by interns at City investment banks following the death of a young Bank of America Merrill Lynch employee.

Moritz Erhardt, 21, was nearing the end of a seven-week internship in London when he collapsed at home after working until 6am for three days in a row.

His body was discovered by his flatmates. The circumstances of his death are unknown, but police are not treating them as suspicious. Some reports suggested that Mr Moritz, from Freiburg, south-west Germany, was epileptic.

Around 300 interns working at various banks stay at the Claredale House student accommodation complex in Bethnal Green in east London for between seven and 10 weeks over the summer. One intern, who did not want to be named, told The Independent those in Mr Erhardt’s investing banking division group faced the longest hours.

He said: “We all work long hours, but the guys working regularly until 3am or 4am are those in investment banking. People working in markets will have to be in at 6am but not stay as late, so what time you can leave the office depends on your division.

“You’re only doing it for up to 10 weeks so there’s a general acceptance of it. I see many people wandering around, blurry-eyed and drinking caffeine to get through but people don’t complain because the potential rewards are so great. We’re competing for some very well-paid jobs.”

Another intern living at Claredale claimed that Mr Erhardt, who had been earning £2,700 a month or £45,000 pro rata, collapsed from exhaustion. “He apparently pulled eight all-nighters in two weeks. They get you working crazy hours and maybe it was just too much for him in the end,” they said.

Users of the popular finance blog wallstreetoasis.com insisted Mr Erhardt regularly worked long hours, with his final three days consisting of 21-hour stints in the office. One said: “He was found dead in the shower by his flatmate. Intern at BAML who went home at 6am three days in a row.”

Mr Erhardt was found last Thursday around 8.30pm and was pronounced dead at the scene. His parents are believed to be in the UK where a post-mortem and inquest will now take place.

The London-based cardiologist Dr Aseem Malhotra spoke of the health risks to which young banking interns are exposed. He said: “Although we don’t know for sure what caused such a tragic death, we know that working excessive hours, especially night shifts, is an extra risk to health.

“Last year the BMJ [medical journal] published the largest and most comprehensive review of over two million people concluding that those working shifts and especially night shifts were at significantly increased risk of heart attack and stroke. It’s probably related to a combination of sleep deprivation and added stress.”

Bank of America Merrill Lynch said it could not comment on the claims about the hours that Mr Erhardt had been working. John McIvor, head of international communications at Merrill Lynch, said: “All the rumours and comments are just that. We will have to wait and see what the post-mortem examination says.” He added: “Our first thoughts are with his family and we send our condolences to them.”

Mr McIvor refused to say whether or not it was common for staff to work through the night. He said: “I have not got any comment to make on our work patterns.” But he added: “Do people in investment banking sometimes work long hours? Yes they do.”

Mr Erhardt appears to have been one of many interns caught on the so-called “magic roundabout” – a process whereby a taxi takes interns home, waits outside while they shower and change, then drives them back to the office to begin another long day.

FinanceInterns, a careers advice group, condemned the City’s long-hours culture. A spokesperson said: “Young people who jubilantly accept a summer internship thinking they’ve landed a chance at their dream job, find themselves declaring that, what should have been a summer full of hope, is in fact the ‘worst three months’ of their lives due to the exhausting combination of all-nighters, weekend work and the magic roundabout.

“In the toughest job-market experienced in recent times, competition is even higher. Consequently these talented, diligent, young people are ever more willing to work hours which more senior staff would not.”

Mr Erhardt studied business administration at the University of Michigan before attending WHU Otto Beisheim School of Management in Vallendar, Germany, where he was due to graduate next year. He had already completed placements at KPMG Consulting, Morgan Stanley, and in Deutsche Bank’s corporate finance division.

Additional reporting by Tony Paterson


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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RE: ARE WE NOW IN THE END TIMES?
8/22/2013 7:59:41 AM
On Today's Program

Figures: Obama admin isn’t aware of white jogger shot by ‘bored’ black teens
The media doesn’t seem overly interested in the shocking murder of an Australian student, who was in America on an athletic when he was shot dead by three teens who claimed ‘boredom’ as an excuse. When asked about the tragedy today, the Obama administration said it wasn’t familiar with the case. Figures. They commented on rodeo clown and Zimmerman but not this one. See their ignorance and get Glenn’s reaction HERE.
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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/22/2013 10:38:19 AM
Thanks for the feedback, Michael. In effect, it would seem the "Obama administration" did not take much care in the case, however, there was media coverage, the killed Australian man was an adult and his killers are under-aged, and this may have counted at the moment of airing the news.

Thanks again,

Miguel

Quote:
On Today's Program

Figures: Obama admin isn’t aware of white jogger shot by ‘bored’ black teens
The media doesn’t seem overly interested in the shocking murder of an Australian student, who was in America on an athletic when he was shot dead by three teens who claimed ‘boredom’ as an excuse. When asked about the tragedy today, the Obama administration said it wasn’t familiar with the case. Figures. They commented on rodeo clown and Zimmerman but not this one. See their ignorance and get Glenn’s reaction HERE.

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

1162
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RE: ARE WE NOW IN THE END TIMES?
8/22/2013 11:05:38 AM

Georgia School Shooting Suspect Had 500 Rounds of Ammunition, Police Say

By ALYSSA NEWCOMB and ANTHONY CASTELLANO | Good Morning America17 hours ago

The suspected gunman who terrorized an Atlanta-area elementary school, firing in the front office and at officers, was armed with an assault rifle and nearly 500 rounds of ammunition, police said today.

Michael Hill, 20, the lone suspect, allegedly entered Ronald E. McNair Discovery Learning Academy in Decatur, Ga., Tuesday carrying an AK-47 assault rifle and several magazines and ammunition, said Chief Cedric Alexander of the DeKalb County, Ga., Police.

"He walked in with 498 rounds of ammunition. Fortunately, this came to an end quietly, without incident," Alexander said at a news conference. "I think we can all make a reasonable assumption he came here to do some harm."

Det. Ray Davis said an AK-47-type assault rifle was the only weapon recovered from the scene.

The weapon has been taken to an Alcohol, Tobacco and Firearms laboratory for testing, Davis said, and he said police believe the suspect obtained the weapon from an acquaintance, whom they are working to locate.

However, a source with knowledge of the case told ABC News the chain of custody for the weapon includes "multiple" people, and not just the acquaintance mentioned at the news conference.

Meanwhile, Hill's public defender waived his first court appearance today and no bond was set.

Police said Hill will face charges including aggravated assault on a police officer, terroristic threats and possession of a firearm by a convicted felon.

School Bookkeeper Kept Calm on 911 Tapes

Antoinette Tuff, the school bookkeeper who is credited with persuading the suspect to put his weapons down and surrender to police, was hailed as a hero today by Alexander.

"She was able to talk [the suspect] down," Alexander said. "Had that not been the case, this certainly could turned into something really ugly."

In newly released 911 audio, Tuff can be heard reasoning with the suspect and letting him know that everything was going to be fine.

"I can help you. You want me to talk to them? And try?" she asked. "Well, let me talk to them and try to work it out so that you don't have to go away with them for a long time."

Hill, according to Tuff, said he had no reason to live because nobody loved him.

"I just explained to him that I loved him," Tuff told ABC News in an exclusive interview Tuesday night. "I didn't know much about him. I didn't know his name but I did love him and it was scary because I knew at that moment he was ready to take my life along with his, and if I didn't say the right thing, then we all would be dead."

Hill also allegedly ordered staffers to call a local television channel, ABC affiliate WSB-TV, to request that a camera crew record him "killing police."

"He said that he didn't have any reason to live and that he was going to die today," Tuff said. "He was going to end his life and take all of the cops and everybody with him."

The final moments of his surrender, when Tuff persuaded him to lay out his weapons and get on the floor, can be heard on the 911 tape.

"It's going to be OK, sweetheart," she said. "I just want you to know that I love you and I am proud of you. That's a good thing that you are giving up. ... We all go through something in life."

Police, including U.S. marshals, entered the school and found the suspect in the office, where authorities said the standoff ended without incident.

No one was injured and Hill did not make it past the main office inside the school, police said.

Alexander praised the multiple agencies who worked to end the standoff, saying it could have easily turned into "another Sandy Hook," referring to the elementary school massacre in December 2012.

Suspect's Family Says He Has History of Mental Disorders

While police have declined to comment on a possible motive, the suspect's brother, Timothy Hill, said his brother has a "long history of medical disorders," and it was only a matter of time before he was bound to "do something stupid."

"I honestly can tell you he has got a long history of medical disorders, including bipolar, and that could make you snap on a dime," Timothy Hill told ABC News. "My mom's almost looked like a drugstore at one point. There was so many different medications he was on."

Hill, 22, said he's not close to his brother and believed he last saw him in January 2011. Hill did not disclose his brother's complete mental health history but said he was taking drugs for treating attention-deficit hyperactivity disorder as early as age 6.

Hill said his brother had once threatened to kill him.

"I had a feeling he was going to, eventually, one day, do something stupid, but not of this magnitude," he said.

Natasha Knotts told the Associated Press that Michael Hill lived with her and her husband for a time when he was in his late teens after he started coming to their church.

She said Hill called her sister before the shooting and told her he had a rifle, but did not say what he was planning to do. Knotts said she believed his alleged actions on Tuesday were a cry for help.

"This is something that's totally out of his character. This is not him. This is not the Mike that I know," she said. "For anyone that knew Mike, this was a total devastation."

Police Probing How Suspect Entered School

Authorities believe Hill might have entered the school by closely following a person authorized to enter the building. But once inside, he only went as far as the front office.

"Once we found out where he was located inside the school, we actually gained entry through a side building in the school," DeKalb County Police Det. Clay Hobbs said today on "Good Morning America." "Luckily, we had an officer who was familiar with the layout of the school and made it directly to the office where Antoinette had the man already on the ground, so we could apprehend him and take him into custody."

SWAT teams were sent classroom to classroom to evacuate students, some as young as pre-kindergarten. Authorities have yet to establish a motive or determine whether the suspect had a link to the school.

The shooting came on the second week of classes at the charter school. Classes for the elementary students will be held at McNair High School today.

After her ordeal, Tuff said she would be back to work today.

"Yes, I will be back," she said, "sitting in that same seat, blessing that next person."

ABC News' Mike Levine, Steve Osunsami and Russell Goldman contributed to this report.
Police: Georgia gunman had huge ammo cache


Michael Hill had nearly 500 rounds for his assault rifle when he entered the school, authorities say.
Got weapon from acquaintance

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
8/22/2013 11:08:03 AM

50,000 abandoned dogs roaming streets of Detroit in packs


Packs of wild, abandoned dogs are roaming the streets of Detroit, leaving city officials overwhelmed at the prospect of handing an issue that raises both animal rights and safety concerns.

“It was almost post-apocalyptic, where there are no businesses, nothing except people in houses and dogs running around,” the Humane Society of the United States director Amanda Arrington told Bloomberg News about a recent visit to Detroit. “The suffering of animals goes hand in hand with the suffering of people.”

Bloomberg reports that packs of the dogs have been spotted in groups as large as 20. In one case, Detroit police officer Lapez Moore said the city’s animal-control unit recently found several of the dogs inside a flooded basement where thieves had torn out the building’s water pipes.

“The dogs were having a pool party,” Moore said. “We went in and fished them out.”

But the reality of the situation is more dire than an impromptu animal pool party. Local shelters say they are forced to euthanize about 70 percent of the dogs that are brought it, and their facilities are overwhelmed by the sheer amount of abandoned and stray animals.

The stray-dog claims may sound hard to believe, but they are backed by a number of similar stories over the past two years confirming that the city’s economic woes have created a crisis that extends beyond the city’s declining human population. As far back as 2003, National Geographic reported the growing number of feral dogs in Detroit.

And there are a growing number of stories surrounding the thousands of dogs that are not brought in.

The city says there were 903 reported dog bites last year, including a woman who had her scalp bitten off by two strays.

Attacks have become so prevalent that the U.S. Postal Service has temporarily halted delivery to some of Detroit’s neighborhoods after 25 carriers reported being bitten by dogs from October 2012 through July 2013, the story notes.

In a truly bizarre development, mail carrier Catherine Guzik said she was attacked by “swarms of tiny, ferocious dogs” while on the job.

“It’s like Chihuahuaville,” she said.

Pit bills, or mixed breeds of the dog, are the most prevalent type of dog left out in the wild. Animal control officials say the dogs are often used for criminal purposes by individuals who rely on the dogs to guard abandoned homes where stolen property is kept.

“With these large open expanses with vacant homes, it’s as if you designed a situation that causes dog problems,” Harry Ward, head of the city’s animal control department, told Bloomberg.

Ward says the problem is compounded by the fact that his department’s budget has been slashed while the number of stray dogs has skyrocketed. According to Ward, he has four officers to cover all 139 square miles of his department’s jurisdiction and only one employee to deal with dog-bite investigations. When he started the job in 2008, Ward said the city had 15 officers and four dog-bite investigators.

“We are really suffering from fatigue, short staffed” and work too much overtime, he said.

A number of private organizations have stepped in to address the issue with plans to create a no-kill shelter to house some of the animals. But in the meantime, residents and city officials say they are at a loss for a viable solution to bring the situation under control.


Detroit's stray dogs forming frightening packs


Over 50,000 wild canines now roam the streets, terrorizing residents and even prompting the suspension of some
postal service.
Ferocious 'swarms'



"Choose a job you love and you will not have to work a day in your life" (Confucius)

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