Author: Admin

Friday, March 20, 2009

The owner of a New Jersey real estate investment firm has been charged with using $2 million of his company’s money for construction at his home and other projects not related to work.

Gary Klein, owner of the Asbury Park-based REI Group Inc., surrendered himself to police after a Monmouth County grand jury indicted him on one count of theft by deception charges.

The charges were the result of a three-year investigation into his practices. Klein, 45, of Colts Neck Township, faces up to 10 years in state prison if convicted. Klein was released Friday after posting $75,000 bail.

Klein attracted clients by telling them he would invest their money in projects that would result in returns of 12 and 85 percent. Prosecutors said the actions mirrored those of a Ponzi scheme.

Robert Weir, Klein’s attorney, said the operation was not a Ponzi scheme, but legitimate business investments that went bad as the economy declined. Weir also said Klein hired a receiver to try and return the investors’ money once the investments started to go sour.

“It’s a shame that a business that experienced a turn in the real estate market is now being treated as a criminal problem. That was not Mr. Klein’s intent,” Weir said to The Star-Ledger.

Weir said the investments were used for building rehabilitation projects in Asbury Park and the construction of Florida condominium complexes, but authorities said Klein used the money to repay earlier investors who were cashing out, as well to help build his own home.

Saturday, May 20, 2006

Kentucky Derby winner Barbaro, sent as the post-time odds-on favorite in this year’s Preakness Stakes at Pimlico Race Course in Baltimore, Maryland, breaks down in the opening stretch of the race, shattering any chance of a Triple Crown winner this year. Bernardini, the 12-1 4th choice out of 9, ends up winning this year’s Preakness, stopping the clock at 1:54.65. Following up 5 1/4 lengths behind was Sweetnorthernsaint, sent to the post at 8-1, and Hemingway’s Key at 29-1, six lengths further back.

According to Dr. Larry Bramlage, the on-call veterinarian for the American Association of Equine Practitioners, Barbaro’s injury was “significant” and “would require major stabilizing surgery.” Barbaro’s injury effectively ended the horse’s racing career.

Bernardini, a colt by A.P. Indy out of Cara Rafaela, by Quiet American, was bred and is owned by the Darley Stable of Sheikh Mohammed, is trained by Tom Albertrani, and was ridden to victory by Javier Castellano. Today’s Preakness marks the first Preakness win for jockey Javier Castellano, who previously rode Ghostzapper to a win in the 2004 Breeders’ Cup Classic. The Preakness was only Bernardini’s 4th career start.

Bernardini paid $27.80 on a $2 win bet. The $2 Exacta of Bernardini and Sweetnorthernsaint (8-7) paid $171.60, the $1 Trifecta with Hemingway’s Key in third (8-7-3) paid $1,956.40, and the $1 Superfecta with 2nd-favorite Brother Derek (8-7-3-6) paid $11,151.20.

Friday, August 10, 2007

Global stock markets fell today, in a mass sell-off stemming from the sub-prime mortgage crisis in the United States. The Dow Jones Industrial Average rebounded late in the day after falling more than 250 points, ending the day down about 31 points. The UK’s FTSE-100 index fell 232.90 points to 6038.30, and Japan’s Nikkei 225 fell 406.51 points to 16764.09.

Central banks across the world are injecting funds into their banking systems to add liquidity, fearing that many financial firms with subprime ties will be insolvent. Yesterday, the U.S. Federal Reserve transferred US$24 billion to temporary reserves, following the European Central Bank, which authorized a record €83.6 billion addition to its banks, its biggest cash infusion ever. On Friday, the Fed entered into a $38 billion repurchase agreement of mortgage-backed securities, easing stockholder worries. Also on Friday, the Bank of Japan injected ¥1 trillion into Japan’s financial system.

The Federal Reserve met this week, but decided to maintain its target rate of 5.25%, although on Friday the federal funds rate was hovering around 6%, indicating a drop in liquidity.

The volatile week began last Friday with Bear Stearns tumbling as a result from its complete loss of two major hedge funds worth more than $1.5 billion. The hedge funds had been dangerously exposed to the massive sub-prime mortgage failure, and the company announced it was unable to return any money to investors.

Washington Mutual, and Countrywide Financial, both very large U.S. home loan lenders, saw shares fall. Countrywide Financial made a statement this week, saying they will be forced to retain a greater proportion of mortgage. American Home Mortgage Investment Corp, another large lender, recently filed for bankruptcy. The U.S. housing market has been declining for more than two years after the Federal Reserve raised interest rates 17 times. Now, lenders are in a quagmire from millions of people who are unable to repay loans after taking adjustable rate mortgages, teaser rates, interest-only mortgages, or piggyback rates.

Jim Cramer, of CNBC’s Mad Money, remarked that as many as seven million people will lose their homes from bad mortgages. Last Friday, Cramer went on a tirade on CNBC’s Street Signs, saying that the “Fed was asleep” and called for them to lower rates immediately.

Asian and European markets have become increasingly entangled in the subprime mortgage crisis in the U.S. Deutsche Bank of Germany lost almost $3.5 billion in share value, forcing the government to organize a bail-out. France’s largest bank, BNP Paribas SA, halted withdrawals from three large investment funds which were crippled by sub-prime exposure.

Wednesday, May 13, 2009

In a videotape recorded prior to his murder on Sunday, Guatemalan lawyer Rodrigo Rosenberg accused President of Guatemala Álvaro Colom and his wife Sandra Torres of complicity in his violent death.

“If you are watching this message,” Rosenberg told the camera, “it is because I was assassinated by President Álvaro Colom with help from [private secretary to the president] Gustavo Alejos.”

In the video, distributed at his funeral, Rosenberg attributed the motive of the incipient murder to his representation of businessman Khalil Musa. Musa and his daughter Marjorie were murdered in April. Rosenberg alleged that Musa was killed because he was unwilling to enter into corrupt dealings at the behest of president Colom.

Presidential spokesperson Fernando Barrillas categorically rejected the accusations. “This reveals the intention of creating a political crisis around a case that should be investigated and processed by the courts,” he said in a statement posted on the official web site of the Guatemalan government. Barrillas also announced the intention to seek international help in the investigation of Rosenberg’s murder.

Rosenberg was shot on Sunday while riding his bicycle in Zone 14 of Guatemala City. His video statement has been posted to the YouTube web site.

Helen Mack of the Myrna Mack Foundation, a Guatemalan Human Rights organization, called for the video to be authenticated by experts, describing the investigation of the accusations as “rather difficult at a political level.” ^{((Translated from Spanish))Spanish: ?bastante difícil a nivel político.}

Sunday, September 28, 2008

Four people have been arrested on terrorism charges in Islington, London, England, after a suspected petrol bombing on the house of Martin Rynja, owner of book publishing company Gibson Square.

His company recently sparked controversy after buying the rights to publish The Jewel of Medina, a work of fiction by Sherry Jones depicting the Muslim prophet Muhammad and his child bride, Aisha.

The bombing, which occurred in the early hours of Saturday morning, led to the evacuation of the £2.5 million property in Lonsdale Square. Three men, aged 22, 30 and 40, were arrested at 2:25am BST by armed officers, two in Lonsdale Square, and one after being stopped near Angel tube station.

Police comments suggested that the trio had been under surveillance, and that they had advance knowledge of the plot and simply waited for the arsonists to strike, before arresting them.

On Saturday, a woman was arrested for obstructing police during their searches of four addresses – two in Walthamstow, and two in Ilford and Forest Gate.

Speaking earlier this month, Mr Rynja said that “The Jewel of Medina has become an important barometer of our time. As an independent publishing company, we feel strongly that we should not be afraid of the consequences of debate.” Ms Jones commented that she did not intend for her novel to be offensive to Islam. She noted that she “[has] deliberately and consciously written respectfully about Islam and Muhammad.” She “envisaged that [her] book would be a bridge builder” between Islam and the western world.

Wednesday, December 21, 2011

Former Salt Lake City mayor and human rights activist Rocky Anderson took some time to discuss his 2012 U.S. presidential campaign and the newly-created Justice Party with Wikinews reporter William S. Saturn.

Anderson served as mayor of Salt Lake City for eight years (2000–2008) as a member of the Democratic Party. During his tenure, he enacted proposals to reduce the city’s carbon emissions, reformed its criminal justice system, and positioned it as a leading sanctuary for refugees. After leaving office, Anderson grew critical of the Democratic Party’s failure to push for impeachment against President George W. Bush, and for not reversing policies on torture, taxes, and defense spending. He left the party earlier this year and announced that he would form a Third party.

Anderson officially established the Justice Party last week during a press conference in Washington D.C.. He proclaimed “We the people are powerful enough to end the perverse government-to-the-highest-bidder system sustained by the two dominant parties…We are here today for the sake of justice — social justice, environmental justice and economic justice.” The party promotes campaign finance reform and is attempting to appeal to the Occupy Wall Street movement. It is currently working on ballot access efforts, and will hold a Founding Convention in February 2012 in Salt Lake City.

Among other issues, Anderson discussed climate change, health care, education, and civil liberties. He detailed his successes as mayor of Salt Lake City, stressed the importance of executive experience, and expressed his views on President Barack Obama and some of the Republican Party presidential candidates. He spoke in depth about former Massachusetts governor Mitt Romney, with whom he worked during the 2002 Winter Olympics, and fellow Utahan, former governor and U.S. ambassador to China Jon Huntsman, Jr..

Friday, January 14, 2011

Over the course of the last week, fifteen people who have suffered from influenza have died in Wales, as reported to the Welsh Assembly Government. The total amount of flu-related deaths in Wales since October 2010 has now increased to 27.

On Tuesday, 49 people were being treated in critical care beds in hospitals around Wales, according to health officials. With twelve reported admissions, Aneurin Bevan Local Health Board had the highest amount of critical care patients in Wales. Betsi Cadwaladr University Local Health Board has the second highest total number of patients experiencing this critical care in the country, with eleven being cared for. Cardiff and Vale University Health Board and Abertawe Bro Morgannwg University Health Board have nine important care admissions each. Cwm Taf NHS Trust contains five of such patients, while Hywel Dda NHS Trust has three.

The age group of 25–34 years old had the largest amount of meetings with general practitioners; the rate of consultation was 147 people for every 100,000. For all age groups, 93 people out of every one hundred thousand have been consulting with a GP; on January 5, the total figure stood at 85 meetings per 100,000.

“Despite the slight increase in the clinical consultation rate for influenza this week compared to the previous week, the rate of consultations for flu-like illness in Wales still remains within the levels of normal seasonal flu activity,” said Dr. Tony Jowell, the Chief Medical Officer of Wales. “Most healthy people will recover from flu-like illnesses within five to seven days with plenty of rest and drinking non-alcoholic fluids. On the issue of vaccination against seasonal flu, whilst we have been working to make stocks of the vaccine that was developed against swine flu available to be used where supplies of seasonal flu vaccine have run low, we are now well into the flu season.”

According to Media Wales, 13 patients experiencing flu-related symptoms were getting treatment at Withybush General Hospital in Haverfordwest on Tuesday. Meanwhile, five were receiving hospital treatment at Bronglais General Hospital in Aberystwyth. Also, Carmarthenshire NHS Trust in Llanelli and West Wales General Hospital in Carmarthen both had a solitary patient.

Jowell also commented: “People in at-risk groups are at a higher risk of complications from seasonal flu, and the best protection is early vaccination. A press and publicity campaign has been running since October and has included television, radio and bus adverts to let people know if they are in an at-risk group, and that the vaccine is available free of charge to those groups from GPs. We have also encouraged health boards and GPs to ensure that their patients and front line NHS staff are vaccinated against seasonal flu.”

Throughout the United Kingdom, 62 individuals reportedly died in the last week, as the result of suffering from influenza. The majority of these victims were suffering from swine flu. In most of these cases, the sufferers were aged between 15 and 64. However, nine of the fatalities were of children aged below fourteen.