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.

Wednesday, March 14, 2007

In an interview on ESPN Radio, Pete Rose admitted to hosts Dan Patrick and Keith Olbermann that he “bet on [his] team every night” and admitted that the Dowd Report was correct in its assessment.

Pete Rose was given a lifetime ban from any involvement in Major League Baseball in 1989. Rose accepted the lifetime ban in exchange for not returning a finding of fact that Rose did indeed bet on baseball. He initially indicated to MLB commissioner Bud Selig and in his book My Prison Without Bars that he did bet on Major League Baseball games, but that he never bet against his team or used his betting to influence the outcome of any game. The Dowd report concurs with this statement from Rose.

Rose acknowledged his betting in the hopes that Selig would reinstate Rose and thus make him eligible for a number of accolades of which, to this point, he had been deprived. However, Selig refused to reinstate him despite his confession. Among those accolades include a formal retirement of his uniform number 14 and induction into the National Baseball Hall of Fame. While his number cannot formally be retired, no player since Rose’s retirement has worn the number, and it is unlikely that it will be worn again by any player on the Cincinnati Reds.

Rose appeared on the Dan Patrick Show on ESPN Radio as part of promotion for an exhibit at the Great American Ball Park in Cincinnati detailing the baseball career of Rose. He said that “I bet on my team to win every night because I love my team, I believe in my team. I did everything in my power every night to win that game.”

Thursday, May 28, 2015

Australian treasurer Joe Hockey has agreed to reconsider the Goods and Services Tax (GST) on tampons and other hygiene products after being confronted about the issue on Q&A Monday night. Mr Hockey was responding to a question from student activist Subeta Vimalarajah.

“I started a petition against taxing the sanitary products under the GST. It now has over 86,000 signees and 11,000 submissions to the Better Tax Review. Mr Hockey, do you think that sanitary products are an essential health good for half the population?” she asked.

“Do I think sanitary products are essential? I think so,” Mr Hockey responded “Should the GST be taken off them? It probably should, yes. The answer is yes.”

He said that he will raise the issue with the next meeting of the state treasurers in July.

“I understand there’s long been a push to take the GST off goods, which are one way or another regarded as health products,” Prime Minister Tony Abbott said. “It’s certainly not something that this Government has a plan to do.”

He said he interpreted Joe Hockey’s remarks as meaning it was a matter for the states.

Shadow Treasurer Chris Bowen said the matter deserved serious consideration.

“Why did it take till Mr Hockey was asked a question on live TV for him to acknowledge this was an issue?” he asked.

“I understand the concerns with taxing sanitary products — concerns that go back to the introduction of the GST by the Coalition.

“These are in effect health products and aren’t simply a matter of choice for women.”

The GST was introduced in Australia in 2000. The then Prime Minister John Howard said the tax on tampons was not a woman’s issue.

“I mean, of course if you look at tampons in isolation – just as you look at something else in isolation – you can mount an argument to take the tax off it,” Mr Howard said at the time.

“I could mount an argument to take the tax off children’s clothes. I could mount an argument to take the tax off old people’s clothes, I could mount an argument for a whole lot of things. But we’ve had that argument and if you start doing that, you will have no GST in the end, and the whole system will begin to unravel.”

Saturday, January 19, 2008

At least ten people on board have died in a plane crash on a mountain near Huambo, Angola. There are no survivors, and some sources place the death toll at 11 and others 12. It is thought that two of the deceased were Portuguese businessmen. Angola is a former colony of Portugal.

The Beechcraft King Air B200 twin-propeller aircraft registered D2-FFK had departed capital city Luanda at 1 a.m. EST on a 450 km (280 mile) domestic flight to Huambo. It belonged to Aeronautica, the trading name of Gira Globo, an Angolan charter company. The crash occurred at around 0800 local time.

It is reported that prior to the crash the plane had attempted to land at two different local airports. A team from the Angolan Armed Forces based near the scene responded to the accident.

Celso Rosas, head of the national aviation centre, said adverse weather conditions may have played a role in the crash. Rain and fog were reported at the time. A full investigation has been ordered by André Luís Brandão, Angola’s transport minister. This is to be headed by his deputy, Hélder Presa.

The Portuguese were identified as Vasco Mendes and Nuno Marques. Early reports suggest that Valentim Amoes, chairman of Gira Globo, is also amongst the dead.

Inadequate maintenance is the main cause of the nation’s poor aviation safety record. Last year, flag carrier TAAG Angola was added to the list of air carriers banned in the EU, and just hours after the news suffered a crash that killed six.

Friday, November 7, 2008

Anders Fogh Rasmussen, the Prime Minister of Denmark, said on Tuesday that he will seek broad parliamentary support for a national referendum on joining the euro, the common currency of the Eurozone.

“I’m convinced that we need broad support in parliament to hold a referendum, because it’s about the Danish currency and about stability and safety,” he said, speaking at his weekly press conference. “Recent events have shown the necessity to give the population the opportunity to vote on Denmark joining the euro.”

Berlingske Tidende is reporting that Rasmussen is meeting with political leaders to negotiate support for the referendum.

In 1992, Danish voters rejected the Maastrict Treaty in a referendum. It was only able to pass the following year after the Edinburgh Agreement granted Denmark an opt-out of the third stage of the Economic and Monetary Union of the European Union (EMU).

In 2000, Denmark again rejected the common currency in a euro referendum. The current currency of the Scandinavian country is the Danish krone. As part of stage two of the EMU, the exchange rate of the krone is allowed to fluctuate within a ±2.25% range to the euro.

In order to maintain this peg Danmarks Nationalbank, the central bank, adjusts interest rates and performs foreign exchange operations by buying and selling currency. To do this, Danmarks Nationalbank has had to raise rates twice, even as other central banks, including the European Central Bank (ECB), were lowering rates to deal with the current economic crisis.

As a result, interest rates in Denmark are now 175 basis points higher than the ECB’s rates. As recently as May, the difference was only 25 basis points.

Rasmussen heads the Venstre party which leads a minority coalition government. The main opposition party, the Social Democrats, also support adopting the euro as the nation’s currency.

While there has long been support among the politicians, the euro has failed when it has been put before the voters. However, recent opinion polls have shown a growing support for the euro among Danes. The most recent of these have seen those in favor just topping the 50% level needed to pass a referendum.

Rasmussen has said he wants a referendum put before voters before 2011. His government had originally planned to hold a referendum this past September to abolish the EMU opt-outs, but that was scrapped when Ireland voted down the Treaty of Lisbon.

On October 30, while in Stockholm, Sweden, Rasmussen said: “The euro ensures political and economical stability in Europe and the current financial turmoil makes it evident that Denmark has to join the Euro.”

Analysts consulted by Berlingske Tidende have said that an endorsement from the Socialist People’s Party (SF) could prove to be the tide-turner.

“If there was a vote, then I would vote Yes. But I am of the opinion that it is stupid to hold a vote unless we first have a real debate. We haven’t had a debate in eight years and all arguments need to be tested,” said Margrete Auken of SF.

Wednesday, April 6, 2005A landmark study comparing effectiveness in reducing major depression of two forms of initial treatment — cognitive therapy which involves discussing thought processes with a qualified counselor, vs medication — has revealed that both forms of therapy reduce depression, but that the benefits of cognitive therapy last longer than those of medication. The study finding contradicts current treatment guidelines of the American Psychiatric Association (APA).

The 16-week study, by researchers at the University of Pennsylvania and Vanderbilt University, was the largest trial yet undertaken to resolve the years-old debate. Two-hundred-and-forty patients with moderate-to-severe depression were given one or other of the treatments, or a purposely-ineffective placebo. Study representatives described the two treatments about equally effective — both much more effective than the placebo — but with the positive effect of talk-therapy lasting longer.

In fact, the cognitive therapy group saw only as many relapses as a another group that had continued to receive drug therapy.

“We believe that cognitive therapy might have more lasting effects because it equips patients with the tools they need to learn how to manage their problems and emotions,” said Robert DeRubeis, professor and chair of Penn’s Department of Psychology. “Pharmaceuticals, while effective, offer no long term cure for the symptoms of depression. For many people, cognitive therapy might prove to be the preferred form of treatment.”

“Medication is often an appropriate treatment, but drugs have drawbacks, such as side effects or a diminished efficacy over time,” DeRubeis said. “Patients with depression are often overwhelmed by other factors in their life that pills simply cannot solve. In many cases, cognitive therapy succeeds because it teaches the skills that help people cope.”

Researchers pointed out that while the effectiveness of cognitive therapy depended largely on the experience of the practitioner, the same was true of medication, due to the judgement required in prescribing correct dosages of drugs.

The APA declined to comment, on the basis that a quote appearing on Wikinews could be distorted by subsequent edits of the article.

Wednesday, March 30, 2005

A Knoxville, USA woman has sold her name on eBay and received an offer. Terri Iligan, age 33, will legally be named “goldenpalace.com” after the required legal work is complete.

The casino owning the website paid $15,199 over the eBay auction service.

She said that she got the idea when trying to find how much it would cost to send one of her children to a golf school previously attended by Tiger Woods.

In an interview by Knoxville TV station WATE, she said, “To my kids and to my husband, I will always be Terri.” As to the opinion of her husband and children, she said, “He thinks it’s funny. As long as they get to call me mom, they don’t care.”

Saturday, June 13, 2009

Yesterday, Norwegian news outlets reported that Defense Security Service (Forsvarets sikkerhetstjeneste [FOST]) had conducted illegal surveillance against the prime minister’s office and other government offices.

Kripos, a division of the Norwegian Ministry of Justice and the Police, did a police search of the Norwegian Ministry of Defence’s top-secret intelligence agency’s computer equipment in Jørstadmoen, after a request by the Ministry of Defense.

While remaining confident that the case will be investigated in a correct way, Norwegian Prime Minister Jens Stoltenberg stated to Aftenposten late Wednesday that “it’s important that the police now find out what actually has happened.”

Verdens Gang reported that to their knowledge, the surveillance happened in connection with FOST, having the responsibility for the computer security of key personnel within the prime minister’s office and other government offices. For practical reasons these people have been connected to the military secure lines. Sources with insight to the surveillance process explained to Aftenposten that when a possible breach of computer security is detected its protocol that the person be given a notice that he may be in process off or already have broken the security rules. A person, possible within the Prime minister’s office has most likely received such a note and has reacted to the fact that the computer traffic had been under surveillance.

Vice admiral Jan Eirik Finseth told Verdens Gang that the Defense security agency’s computer security section, reported that computer communication lines had been put under surveillance by military communications lines. Vice admiral Finseth stated to Verdens Gang that “the circumstances is of such a nature that the police [were] asked to investigate if anything of this may be illegal.”

When Wikinews contacted State attorney Petter Mandt, who leads the investigation, we received confirmation that a search in Jørstadmoen took place, but he would not comment on what was confiscated, if anything. Mandt also stated that they would not comment on any specifics or give any details on the investigation, but explained that for use of a police search there has to be more than 50% probable suspicion that something illegal may have happened. When asked if suspicion was that the prime minister’s office had been put under illegal surveillance, Mandt refused to comment and stated that he will comment on neither how many nor who the individuals involved are.

Defense political spokesperson for Socialistic left (Sv) Bjørn Jacobsen, told Wikinews that “it’s important to find out what, if anything has happened,” but that “it’s shocking that there even exist[s] a reason for a police search.” When asked what will happen if anything illegal is found to have taken place, Jacobsen responded by pointing out that in this case the prosecutors will have to decide on what to do next, but stated that “parliament will have to see if the law and regulations ha[ve] to be changed. It’s important to stop an eventual bad culture before it sticks to the walls.”

This is the second investigation of illegal government surveillance in Norway since the Lund commission’s report uncovered illegal surveillance of communist, socialist, and other persons, which the Norwegian Police Security Service deemed to be dangerous.

Wikinews was unable to get any comments from the Norwegian Military Defense when contacted.