The entrance to the U.S. Embassy compound in San'a Yemen can be seen in this image from APTN television file footage taken April 3, 2002. Explosions and heavy gunfire were heard Wednesday morning Sept. 17, 2008 near the U.S. Embassy in the Yemeni capital and police swiftly cordoned off the area, according to a government security official. U.S. Embassy spokesman Ryan Gliha tells The Associated Press by telephone that there was a second explosion Wednesday that followed the initial one. He did not have figures for casualties or know their nationalities. (AP Photo/APTN)
The entrance to the U.S. Embassy compound in San'a Yemen can be seen in this image from APTN television file footage taken April 3, 2002. Explosions and heavy gunfire were heard Wednesday morning Sept. 17, 2008 near the U.S. Embassy in the Yemeni capital and police swiftly cordoned off the area, according to a government security official. U.S. Embassy spokesman Ryan Gliha tells The Associated Press by telephone that there was a second explosion Wednesday that followed the initial one. He did not have figures for casualties or know their nationalities. (AP Photo/APTN) (AP)

SANA, Yemen, Sept. 17 -- Attackers exploded a vehicle bomb outside the main gate of the U.S. Embassy in Yemen on Wednesday in what appeared to be a well-coordinated assault that triggered more explosions and heavy gunfire around the compound.

Yemen's official Saba news agency said 16 people died in the incident, including six Yemeni soldiers, four civilians and six attackers. One of the civilians was an Indian woman at the embassy on business.

There were no immediate reports of American casualties. The embassy is located in the center of Sana, Yemen's capital, but the building is set far back from an outer security wall.

There was no immediate claim of responsibility.

Yemen is the ancestral home of Osama bin Laden. Al Qaeda has maintained a steady presence here, especially as fighters from the militant group return from Iraq.

The first explosion, at 9:15 a.m., resounded for miles and sent a plume of black smoke over the city.

"It shook everything in my home," said Saddam Hussein, a Yemen man living about 200 yards from the embassy. "One big explosion, then smaller explosions, and gunfire."

The vehicle bomb exploded at the main gate, said embassy spokesman Ryan Gliha. There did not appear to be any major damage to the embassy building, Gliha said.

U.S. officials still were trying to determine the nature of several explosions that followed the vehicle bomb, Gliha said. Hussein and other nearby residents said the secondary blasts sounded much smaller, like grenades.

The intermittent explosions and heavy gunfire continued for about 10 minutes after the first blast, as scores of Yemeni forces rushed to the scene.

A half-hour after the blast, intermittent gunfire still crackled. Helicopters circled the embassy. Ambulances painted in green camouflage carried injured to the city's military hospital.

The Yemen embassy has been the target of numerous attacks since 2002. In the most recent assault, three mortar rounds hit a nearby school for girls in March, killing a security guard and injuring about 20 girls and others. Other attacks include one in 2006, when a man armed with an automatic weapon opened fire outside the embassy, saying he wanted to kill Americans. Security forces shot him and captured him, without other injuries.

Yemen was also the scene in 2000 of the deadly suicide attack against the USS Cole.

Posted by CEOinIRVINE
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Fed -> AIG BIG HELP

Business 2008. 9. 17. 19:56
U.S. and global stocks fall in the wake of the failure of Lehman Brothers, the disappearance of Merrill Lynch as an independent company, and the shaky state of the American International Group, the U.S.'s largest insurance company.
» LAUNCH PHOTO GALLERY

U.S. Seizes Control of AIG With $85 Billion Emergency Loan
  Washington Post Staff Writers
Wednesday, September 17, 2008; Page A01

Invoking extraordinary powers granted after the 1929 stock market crash, the government seized control of the insurance giant American International Group to preserve a crucial bulwark of the global financial system.

The move to lend the Wall Street giant up to $85 billion in exchange for nearly 80 percent of its stock effectively nationalizes one of the central institutions in the crisis that has swept through markets this month.

The government had sought to avoid federal intervention by lining up private companies to rescue AIG. But the effort failed when companies were unwilling to take on the massive financial risk, forcing the government's hand.

AIG found itself on the verge of bankruptcy because of mounting losses from investments tied to subprime home mortgages and also from the insurance it was providing to others who invested in mortgages.

When credit-rating agencies downgraded the company Monday, AIG suddenly faced a crunch to come up with $14.5 billion to meet its commitments. If the company failed, it could have set off cascading losses across the global financial system.

"The Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance," the Fed said in a statement.

"It's heavy, heavy, heavy. It's much more than has been done except Fannie and Freddie," said Sen. Charles E. Schumer (D-N.Y.), who heads the Joint Economic Committee, referring to the mortgage finance giants Fannie Mae and Freddie Mac, which were taken over by the government earlier this month. "But when you look at the alternatives, none of them are better."


Posted by CEOinIRVINE
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Department Manager [Retail]
Full-time


 
 
 

A Department Manager supervises a team of associates within a department and actively is responsible for overseeing sales, merchandise presentation, customer service and operational functions within the department.

Job Requirements:

•2-3 years prior retail management experience in driving business, developing people, and visual merchandising department.  Must have resume with two references.
•Ability to work with our shared values and be a symbolic leader.
•Exceptional customer service skills and interpersonal skills a must.
•A strong fashion consciousness and a flair for conceiving and implementing creative merchandising concepts.
•Proven ability to work in a fast paced environment.
•Must have strong merchandising skills and the ability to drive business.
•Must be able to work a flexible Monday thru Sunday work schedule including nights and weekends.
•Excellent written and verbal communication skills.

Job Responsibility:

Business Responsibilities

•Works with plans, budgets and other available tools to ensure maximum profitability.
•Maximizes sales opportunities through commerciality and outstanding customer service.
•Actively uses sales information to make business decisions regarding merchandise and scheduling of staff.
•Ensures that all merchandise is properly received and put out on the floor in a timely manner within the department/store.
•Ensures quick and thorough customer service throughout the store and reacts to all customer complaints that arise.
•Plans and coordinates together with the visual team all activities concerning advertising, campaigns, promotions and sales activities in his/her department.
•Manages department expenses and increases profitability by controlling discounts, getting markdowns done quickly and selling aged inventory.
•Works actively on reducing and following up costs connected with the activities in his/her department.
•Performs all store routines, including the opening and closing of the store.
•Completes all customer returns and employee returns/purchases.
•Properly addresses loss prevention and safety issues that may occur, following H&M guidelines.
•Effectively schedules and adjusts staff hours according to needs of business while still reaching store and SPH goals.

Supervisor Responsibilities

•Supervises a certain number of staff within a department.
•Ensures that all associates are well informed of the collection, advertising campaigns, promotions, sales activities and other company projects.
•Ensures that sales staff is knowledgeable on all merchandise routines in a timely and accurate manner.
•Must be up to date with and able to operate the computer systems, including cash registers for training purposes
•Recruits, trains and develops associates with the Store Management team who are capable of growing within the company and follows up on the quality of training in his/her department.
•Accurately assesses his/her staff and provides feedback about their performance on a daily basis.
•Works with the Store Manager or Associate Manager to formulate clear and challenging goals for the staff and follows up on them.
•Administers performance reviews with the Store Manager or Associate Manager on an annual basis.
•Is current on all company policies and procedures, and ensures all staff is working according to them.
•Organizes and distributes the work of her/his staff, sets priorities and keeps a good overview of the tasks to be accomplished in accordance with the Store Manager or Associate Manager.
•Effectively schedules the staff within the department according to the needs and restrictions of the business.
•Assists Store Manager or Associate Manager with resolving all employee complaints in a confidential manner.
•Ensures that all employee issues, including corrective actions, are addressed promptly and fairly and handled in a consistent manner with Store Management team.
•Completes and follows up on all paperwork and routines connected to payroll, benefits, hiring, terminations and employee issues.
•Completes termination paperwork and conducts termination meeting in absence of Associate Manager or Store Manager.
•Ensures all paperwork connected to Merchandise-related Routines with the department is completed including reductions, transfers, and damages.

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Posted by CEOinIRVINE
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