S1E5 – ‘Monkey Business’ – Jan. 7, 2013 Hello, and welcome to ‘Monkey Business.’
This is ‘Monkey Business’ for January 7, 2013. Ten financial services companies under scrutiny for mortgage loan servicing and foreclosure processing errors have reached an agreement with the [U.S.] Office of the Comptroller of the Currency (OCC) and the [U.S.] Federal Reserve Board to settle up with borrowers to the tune of $8.5 billion [U.S. dollars]. The sum includes USD 3.3 billion in direct payments to eligible borrowers and USD 5.2 billion in other assistance, such as loan modifications. The payments involve mortgage servicers operating under enforcement actions issued in April 2011 by the [U.S.] OCC, the [U.S.] Federal Reserve, and the [U.S.] Office of Thrift Supervision. More than 3.8 million borrowers affected by home foreclosures in 2009 and 2010 are expected to receive cash compensation. Eligible borrowers are expected to receive compensation ranging from hundreds of dollars up to USD 125,000. The agreement includes Aurora, Bank of America (BAC), Citibank (Citigroup: C), JPMorgan Chase (JPM), MetLife Bank (MET), PNC (PNC), Sovereign, SunTrust (STI), U.S. Bank, and Wells Fargo (WFC), according to a press release from the OCC. And movie streaming service Netflix Inc. (NFLX) and entertainment company Time Warner’s (TWX) Warner Bros. Television Group shake hands on a licensing agreement that gives U.S. Netflix subscribers access to complete previous seasons of popular shows. The agreement covers eight Warner Bros. shows currently airing, as well as potential future shows. ‘(Streaming or subscription video on demand) SVOD has become an important window for our serialized dramas,’ said Bruce Rosenblum, President, Warner Bros. Television Group, of the agreement, ‘allowing viewers a chance to discover a series that before might have been intimidating to tune into mid-run.’ In plain English, if you’re annoyed that you’ve missed an episode of your favorite show, you can now catch up on what’s happening on Netflix – if you’re a U.S. Netflix subscriber, and if it’s a Warner Bros. product. Among the shows coming to Netflix will be ‘Revolution,’ ‘Political Animals,’ ‘Longmire,’ ‘Chuck,’ ‘Fringe,’ ‘The West Wing,’ ‘The Following,’ and ‘666 Park Avenue.’ Netflix (NFLX) and The Walt Disney Company (DIS) agreed on a multi-year licensing deal in December 2012, making Netflix the exclusive U.S. subscription television service for Disney’s first-run live-action and animated feature films. Netflix (NFLX) closed up 3.36 percent today at USD 99.20 per share. And, over to Marcel, for Nearly News. Take it away, Marcel. (Marcel) Today, I have to tell you a fish story. The biggest whopper of them all. The biggest fish, the most outlandish thing about a fish that you have ever heard, probably. Except this time, it’s all true. Ryoji Yagi, a market official at the Tsukiji fish market in Tokyo, Japan, reports that in 2013’s first auction, a 489 lb (222 kg) tuna sold for 155.4 million Japanese yen (that’s roughly 1.1 million pound sterling or 1.7 million U.S. dollars.) According to the Kyodo News agency and other media outlets, Kiyoshi Kimura, president of Kiyomura Co., which operates the Sushi-Zanmai restaurant chain, said ‘the price was a bit high,’ but that he wanted to ‘encourage Japan.’ I don’t know whether or not it will encourage Japan, but it has inspired me to take up a new hobby. Fishing. Back tomorrow. Or not, as the case may be… [Show close] [To himself] Here, fishie, fishie, fishie… Here, fish… [To camera crew offscreen] Does anyone know how to catch a fish? [To camera crew offscreen] Worms? Blugh. (Jack) And that’s today’s ‘Monkey Business.’ Take care folks, it’s a jungle out there. (TM) [After show close – sitting in newsroom]
(Marcel) Eh, you know? How do you catch a fish, anyway? (Jack) With worms, I think.
(Marcel) Euw. C’est pas vrai. (I don’t believe it.) I’ll take another ‘obby, instead. (Jack) Like what?
(Marcel) Like taking naps. [Yawns broadly, falls asleep on Jack’s arm] (Jack) [Mildly exasperated] I don’t believe him. [After show close – ‘Marcel’s Dream’]
[Marcel wanders through a dreamscape, which looks an awful lot like present-day Tokyo, Japan]
Here, fishie, fishie, fishie… Here, fishie, fishie, fishie… Where are you? I’m looking for a big tuna… ‘Allo? Fishies? ‘Allo. Where are you…?