The failure of Fort Lee Federal Savings Bank, New Jersey's first bank failure of 2012, will cost the Federal Deposit Insurance Corp. about $14 million. Of the five banks to fail statewide since the start of the financial crisis in 2008, that sum is the smallest yet. 2011's failure of First State Bank in Cranford at $45.8 million was the most expensive for the FDIC, among the New Jersey insolvencies. And smaller, of course, is better for managers of the fund that backs customers' deposits up to $250,000. The organizers of Fort Lee Federal Saving Banks were Haralambos S. Kostakopoulos, Yasemin K. Kostakopoulos, Douglas J. Cestone, Paul Oesterle and Anthony J. Sansiveri. The organizers submitted the bank application on June 16, 2000. Kostakopoulos couple was known their support to Turkish American community.
Turkish American Heritage Political Action Committee (TurkishPAC), a Texas-based and U.S.A. Federal Election Committee (FEC) registered nonprofit political organization, raised more than $55,000 through multiple fundraising events. TurkishPAC had close to 60 donors contributing from $10 to $10,000. It had contributors challenging us to raise money in order to provide matching funds. Setting aside the matching contributions, the average donation was about $400. The highest donation amount excluding the matching contributions was $4,000. TurkishPAC announced the report of End of 2011-2012 Election Cycle:
On January 23-31, 2013, the U.S. Department of State and U.S. Agency for International Development will send a delegation of senior U.S. officials to Turkey and Jordan. Throughout the trip, the delegation will meet with senior government and humanitarian officials, the Syrian Opposition Council and others to discuss the humanitarian situation in and around Syria and ways the United States can provide additional support. 
Washington, D.C. – Idaho Senators Mike Crapo and Jim Risch and Congressman Mike Simpson are asking the U.S. Department of Agriculture (USDA) to recognize Greek yogurt under their MyPlate nutrition guidelines. In a letter to Secretary Vilsack, they point out that Greek yogurt has twice the protein and more calcium than regular yogurt, and is low in fat. 
Basoglu Cable and Profile looks for opportunities in the US market. Atahan Cilasin, assistant of international sales manager of Basoglu Cable, paid a visit major US cable companies to introduce Basoglu's products to U.S. market. Cilasin visited Turkish cable companies Sark Wire in Albany and CN Wire in Connecticutt, Wesco in Pittsburg, (PA), Anixter, which has the biggest market share of US market with 29 percent, in Glenview (IL). 
Adem Buyukacar, 
NASA and its commercial partners are rapidly working towards late-stage spacecraft development tests in 2013, according to an update delivered by the various companies late last week. Calling 2012 "an unbelieveable year for the commercial crew program", NASA commercial crew manager Ed Mango pointed out that the program is more than meeting expectations. 
OTTAWA - Canada will take 5,000 refugees off of Turkey's hands over the next five years and resettle them in this country. Immigration Minister Jason Kenney made the announcement Tuesday while in the Turkish capital Ankara. "With escalating violence in the region, more people are seeking protection in Turkey, and our commitment to resettle 5,000 mostly Iraqi and Iranian refugees in Canada will help Turkey deal with this growing pressure," Kenney said in a statement. 
TORONTO- Turkish tradesmen explore new destinations and Turkish exportation focuses on North America, says executive director of TCCC. Enes Kula, the Executive Director of Turkish Canadian Chamber of Commerce (TCCC), has stated that the trade figures between Turkey and Canada have changed in favour of Turkey after a long time. Also being the Toronto investments region representative of Business Development Bank of Canada (BDC), Kula assessed the trade relations between Turkey and Canada and informed AA. Kula stressed that Turkish tradesmen started to succeed more in trading lately and said, “Traders in Anatolian part of Turkey produce, sell and export now.”
ANKARA AA - CEO of the Coca-Cola, Kent said, it was important to hold a strong diaspora strategy to spread Turkish lobby abroad. Chairman and CEO of the Coca-Cola Company, Muhtar Kent said that it was important to hold a strong diaspora strategy to spread Turkish lobby abroad. Turkish-American business executive Kent spoke to AA after being elected as a honorary member of Turks Abroad Advisory Board. 
