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Daniel James Murray has been charged with making threats against Obama, after telling a bank teller he was part of a “mission” to kill the president. The Secret Service says Murray has at least eight registered firearms. His whereabouts are unknown.

Murray entered Zion’s First National Bank in St. George, Utah, May 19, to open a savings account with an $85,000 check, according to a criminal complaint filed in federal court in Salt Lake City today.

Murray allegedly asked if the bank was solvent and then stated, according to the complaint, “With all this mess going on under President Obama with banks and the economy, I’m sure if citizens happen to lose their money, they will rise up and we could see killing and deaths.”

On May 27, the complaint states, Murray came back to withdraw $12,698 from his savings account. He did not have proper identification and was told he needed it to complete the transaction. He allegedly said, “Not to be disrespectful, but if I don’t get this money, someone is going to die.”

The bank manager allowed the transaction, and Murray allegedly demanded bills smaller than $50 in nonsequential order.

Murray then said, “We are on a mission to kill the president of the United States,” according to the complaint.

Murray told the teller during that visit, the complaint added, “We are 94 million miles from the sun, and are in-between the sun and moon, and the eagle that flies between them, and it’s a giant step for mankind. … I have traveled thousands of miles to be here and know things that are going to happen. … The banking system will fail and people will die. … There will be chaos in the world.”

The next day, according to the complaint, Murray withdrew the remaining $72,000 and closed his account.

Murray’s location is unknown, the complaint said. He is believed to be driving a blue 2001 Buick LeSabre with New York plates that read “ERL 1445,” and are registered in his name. Murray originally is from New York, but he has recently been in California, Utah, Georgia, Oklahoma and possibly Texas.

“There are at least eight firearms registered to Murray, ranging from semi-automatic pistols to revolvers, some capable of carrying 15 rounds of ammunition and easy to conceal,” the complaint said.

A Secret Service spokesman said there will be no further comment on the case because it involves protective intelligence.

The much smaller-than-expected reduction in payroll jobs, reported by the Labor Department on Friday, adds to evidence that the recession is loosening its hold on the country. It marked the fourth straight month that the pace of layoffs slowed.

Still, the increase in the nation’s unemployment rate from 8.9 percent in April underscores the difficulties that America’s 14.5 million unemployed are having in finding new jobs. Economists had expected the rate to hit 9.2 percent last month.

If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.4 percent in May, the highest on records dating to 1994.

Even with layoffs slowing, companies will be reluctant to hire until they feel certain that economic conditions are improving and that any recovery will last.

Since the recession began in December 2007, the economy has lost a net total of 6 million jobs.

As the recession — which is now the longest since World War II — bites into sales and profits, companies have turned to layoffs and other cost-cutting measures to survive the fallout. Those include holding down workers’ hours and freezing or cutting pay.

The average work week in May fell to 33.1 hours, the lowest on records dating to 1964.

Following two acquisitions in the past six months for an aggregate USD 163m, Korean, Japanese and Western players may find themselves locked out of the sector, McIllree told mergermarket. Speculation is rife as to what this may mean for the high tech and green industries that rely on rare earth metal resources. With over 90% of the global rare earth resource held by Chinese companies, the country’s monopoly looks unchallenged. The recent Australian acquisitions have brought China control of the majority of the rare earth deposits outside China.

Rare Earth metals are a collection of 17 different metals that occur within the same ore deposits. While China currently produces 95% of the worlds rare earth supply, the metals are also found in the US, Indonesia, Australia and South Africa. Rare earth metals are needed for the manufacturing of wind turbines, plasma televisions, mobile phones, hybrid car batteries meaning the Chinese monopoly could shift the high-tech manufacturing industry bases from Japan and Korea to China.

The Securities and Exchange Commission’s case also accuses Mozilo of illegal insider trading, an agency spokesman said Thursday.

Countrywide was a major player in the subprime mortgage market, the collapse of which in 2007 touched off the financial crisis that has gripped the U.S. and global economies.

Mozilo is the most high-profile individual to face formal charges from the federal government in the aftermath of the crisis.

Employees of BBVA, Spain’s second biggest bank, are being offered 30 per cent of their usual salary in return for staying away from work for between three and five years.

Anyone signing up to the scheme is guaranteed a job when their extended leave comes to an end. They will also have their health care costs covered for the length of their sabbatical.

The offer is targeted at long-term employees of the company who have “personal or professional projects” they wish to undertake during their time off.

Everyone in the world, or so it seems, is waiting to see if this is what Barack Obama sings. I’m not sure, though, that the Arabs are waiting with such enthusiasm as the rest of the world.

I haven’t met an Arab in Egypt – or an Arab in Lebanon, for that matter – who really thinks that Obama’s “outreach” lecture in Cairo on Thursday is going to make much difference.

They watched him dictate to Bibi Netanyahu – no more settlements, two-state solution – and they saw Bibi contemptuously announce, on the day that Mahmoud Abbas, the most colourless leader in the Arab world, went to the White House, that Israel’s colonial project in the West Bank would continue unhindered. So that’s that, then.

And please note that Obama has chosen Egypt for his latest address to the Muslims, a country run by an ageing potentate – Hosni Mubarak is 80 – who uses his secret police like a private army to imprison human rights workers, opposition politicians, anyone in fact who challenges the great man’s rule. At this point, we won’t mention torture. Be sure that this little point is unlikely to get much play in the Obama sermon, just as he surely will not be discussing Saudi Arabia’s orgy of head-chopping when he chats to King Abdullah on Wednesday.

Gains were also built on a higher end-of-2009 price forecast from Goldman Sachs.

A month after they invested in Summers’ former company, all three banks came out of the stress test much better than anyone expected — thanks to the fact that the banks themselves were allowed to help decide how bad their problems were (Citigroup “negotiated” down its financial hole from $35 billion to $5.5 billion.)

The fact that the banks invested in the company just a few months after Summers resigned suggests the appearance of corruption, because it suggests to other firms that if you hire Larry Summers onto your board, large banks will want to invest as a favor to a politically-connected director.

Last month, it was revealed that Summers, whom President Obama appointed to essentially run the economy from his perch in the National Economic Council, earned nearly $8 million in 2008 from Wall Street banks, some of which, like Goldman Sachs and Citigroup, were now receiving tens of billions of taxpayer funds from the same Larry Summers. It turns out now that those two banks have continued paying into Summers-related businesses.

According to filings obtained for this story, Summers first joined the board of directors of Revolution Money back in 2006 (when it was called “GratisCard”), the same year that Summers was forced to resign as president of Harvard after his disastrous tenure. Revolution Money/GratisCard was a startup headed by former AOL chief Steve Case. Revolution Money billed itself as the Next Big Thing in online payment, “PayPal meets Mastercard,” according to their own pitch.

In September 2007, Revolution Money announced that it had raised $50 million from a group of investors including Citigroup, Morgan Stanley and Deutsche Bank. Some found the investment strange even then, because normally big banks don’t get involved in seeding small startups — that’s the domain of venture capitalists, not mega-banks. Especially not in September, 2007, when these same megabanks were Chernobyling their way into full-fledged balance-sheet meltdown.

What seems clear is that at least part of Revolution Money’s success in raising funds is due to their star-studded board of directors — which included not only Larry Summers, but also the notorious Frank Raines, the former Fannie Mae chief whom Time Magazine named to its “25 People To Blame For The Financial Crisis” list. Raines is still a board member.