Many nations offer material aid to hurricane victims; Bush refuses to accept

Saturday, September 3, 2005

Over twenty five nations have offered aid in the wake of Hurricane Katrina. In particular, France has offered the use of its resources in the Caribbean sea, including 2 navy ships, 1 navy hospital, 8 planes, 600 tents, 1000 beds, and rescuers. President George W. Bush has refused such material aid to the hurricane’s victims, although cash donations will be accepted. He explained his reasons to ABC News:

I’m not expecting much from foreign nations because we hadn’t asked for it. I do expect a lot of sympathy and perhaps some will send cash dollars. But this country’s going to rise up and take care of it. You know, we would love help, but we’re going to take care of our own business as well, and there’s no doubt in my mind we’ll succeed. And there’s no doubt in my mind, as I sit here talking to you, that New Orleans is going to rise up again as a great city.

A few of these nations, such as Venezuela and Cuba, are disliked by the administration, but the majority are considered allies of the United States. Venezuela’s Citgo Petroleum Corp. pledged a $1 million donation for hurricane aid. Cuba refused U.S. aid following Hurricane Dennis. In order to reduce the side effects of hurricane Katrina, Japan, Venezuela, and most EU countries offer to provide oil reserves to the U.S.

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Wikinews interviews Rocky De La Fuente, U.S. Democratic Party presidential candidate

Thursday, March 31, 2016

Businessman Rocky De La Fuente took some time to speak with Wikinews about his campaign for the U.S. Democratic Party’s 2016 presidential nomination.

The 61-year-old De La Fuente resides in San Diego, California, grew up in Tijuana, and owns multiple businesses and properties throughout the world. Since getting his start in the automobile industry, De La Fuente has branched out into the banking and real estate markets. Despite not having held or sought political office previously, he has been involved in politics, serving as the first-ever Hispanic superdelegate to the 1992 Democratic National Convention.

De La Fuente entered the 2016 presidential race last October largely due to his dissatisfaction with Republican front-runner Donald Trump. He argues he is a more accomplished businessman than Trump, and attacks Trump as “a clown,” “a joke,” “dangerous,” and “in the same category as Hitler.” Nevertheless, De La Fuente’s business background begets comparisons with Trump. The Alaskan Midnight Sun blog described him as the Democrats’ “own Donald Trump.”

While receiving only minimal media coverage, he has campaigned actively, and according to the latest Federal Election Commission filing, loaned almost US$ 4 million of his own money to the campaign. He has qualified for 48 primary and caucus ballots, but has not yet obtained any delegates to the 2016 Democratic National Convention. Thus far, according to the count at The Green Papers, De La Fuente has received 35,406 votes, or 0.23% of the total votes cast. He leads among the many lesser-known candidates but trails both Senator Bernie Sanders who has received nearly 6.5 million votes and front-runner Hillary Clinton who has just shy of 9 million votes.

With Wikinews reporter William S. Saturn?, De La Fuente discusses his personal background, his positions on political issues, his current campaign for president, and his political future.

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Disney to shut down Blue Sky Studios, animation studio behind ‘Ice Age’

Wednesday, February 10, 2021

Yesterday, US-based entertainment company Disney announced its plans to shut down Blue Sky Studios, the animation studio behind the Ice Age movie franchise.

“Given the current economic realities, after much consideration and evaluation, we have made the difficult decision to close filmmaking operations at Blue Sky Studios”, Walt Disney Studios said in the statement. According to The Hollywood Reporter, the studio will cease producing a movie-adaptation of Nimona, which was scheduled to be released next year.

Based in Greenwich, Connecticut, Blue Sky Studios was founded in 1987, and was later acquired by 20th Century FOX in 1999. Blue Sky’s control went to Disney in 2019 when Disney bought assets of FOX Studios for around US$71 billion. Blue Sky had worked on Joe’s Apartment, A Simple Wish, Alien Resurrection, and Fight Club. The studio went on to produce five Ice Age films, two Rio movies, The Peanuts Movie as well as Ferdinand, which received an Academy Award nomination for best animated feature film.

Disney also owns two other significant animation studios, Pixar and Walt Disney Animation Studios. During the COVID-19 pandemic, Disney has closed Radio Disney and Radio Disney Country. Disney planned last year to lay off about 32 thousand employees, many from Disney’s theme parks. Disney also sold mobile video game unit FoxNext Games Los Angeles. Disney reported a US$2.8 billion net loss in the 2020 fiscal year.

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Business Credit Line Rebirth Via An Abl Asset Based Lender}

Business Credit Line Rebirth Via An ABL Asset Based Lender

by

stanprokop

The business credit line in Canada has gone through a bit or transition over the last number of years – That transition comes via the Asset Based Lending (‘ ABL ‘ ) facility via the Asset Based lender . Let’s examine why this ‘ rebirth ‘ of a traditional revolving credit facility (most commonly offered by banks) has taken Canada by somewhat of a storm. Let’s dig in.

When it comes to spotting warning signs in a businesses financial situation many circumstance involves the business credit line. It quite simple really – your business either has no credit lines in place an needs working capital, or in some cases you have traditional bank financing but it cannot satisfy the needs for growth and operations . A final common scenario is the profile of firms that have had bank financing but for some reason are now self financing or , even worse, in ‘ special loans ‘ with an exit needed as quickly as possible in order to save the company .

When you’re in a position to access Canadian chartered bank financing you’re clearly part of the ‘ cash flow crowd’. ABL, the alternative borrowing scenario turns all that upside down – the total focus is on … Assets. Almost always these are receivables, inventory, equipment, and real estate if that’s part of the mix.

That’s the real trade off here – when you consider an asset based revolving facility you’re no longer dependant in any big way on leverage, ratios, and covenants. Those almost always disappear in a true ABL facility.

The trade offs between bank financing and a non bank asset based line of credit are very clear. The extremes in focus between the two don’t make the decision process all that difficult. Bank credit facilities are monitored much less , so while you can almost expect a major increase in borrowing power when it comes to an asset based lender the one thing you can also expect is more reporting requirements .

With respect to that increased borrowing power it’s achieved simply through more generous margining on A/R and inventory. AR is typically 90% and inventory ranges from 25-75% – dependent on the liquidation value and turnover history of your firms inventory.

Also, for very large corporations the actual cost of an ABL credit line is equal to or even better than bank rates. However for the thousands of small to mid size borrowers the increased borrowing power that come with an asset based credit line will almost always mean higher borrowing costs.

Top experts in corporate finance are quickly realizing the true value of the asset based credit line. It is also used in a number of scenarios to facilitate purchase and takeover of a business.

Is the business credit line challenge ‘a brewing ‘ problem for your business? If you’re looking for the know how, experience and knowledge of your cash flow needs seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can ensure proper financing is put in place to accommodate your needs.

Stan Prokop

Stan Prokop – founder of 7 Park Avenue Financial http://www.7parkavenuefinancial.comOriginating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years – has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Stan Prokop – 7 Park Avenue Financial : http://www.7parkavenuefinancial.com Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 – Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact : Stan Prokop – 7 Park Avenue Financial : http://www.7parkavenuefinancial.com Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 – Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact : http://www.7parkavenuefinancial.com/business-credit-line-asset-based-lender-abl.html

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Business Credit Line Rebirth Via An ABL Asset Based Lender}

6.4 magnitude earthquake hits Taiwan

Thursday, March 4, 2010

A powerful 6.4 magnitude earthquake hit southern Taiwan on Thursday. According to USGS the epicenter was 23.1 km (14.4 miles) deep. The quake struck at 8:18 a.m. (0018 UTC) in a mountainous region on the southeast coast and 40 miles east of cities of Tainan and Kaohsiung on the southwest coast. The earthquake was felt in capital Taipei which is 155 miles north of the epicenter.

Several fires were started and Taipei’s high-speed railway lines were stopped and are undergoing safety checks. CTI news agency reported one person was injured by falling debris in Kaohsiung, and one woman was hospitalized in the southern city of Chiayi. One person was hurt by a falling tree according to Central News Agency.

A spokesman for Taiwanese President Ma Ying-jeou assured that the concerned authorities had been instructed to follow the situation closely and take steps so as to alleviate the damage caused and survey the dislocation. The Ministry of Defense has dispatched troops to report on the damage. The Taiwan Ministry of Interior and the National Fire Agency said electricity was cut off near the epicenter but further information was not possible.

The quake was followed by many aftershocks, the largest of 4.8 on the Richter scale. Kuo Kai-wen who is the director of the Central Weather Bureau’s Seismology Center denied presence of any geological relations between the Chile earthquake and this earthquake in Taiwan.

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English jury returns mix of verdicts in policeman’s serial rape trial

Thursday, November 25, 2010

A jury in Newcastle Crown Court, northeast England has cleared a police officer of some charges in a trial over serial rapes and related offences, and convicted him of others. Northumbria Police’s Police Constable Stephen Mitchell faced five counts of rape, six of indecent assault and 15 of misconduct in public office. He is guilty of two rapes, three indecent assaults and six counts of misconduct, with most of the sex charge convictions coming yesterday.

In all the case involved 16 women aged from 17 to 48, all of whom were arrested on drugs charges or shoplifting thefts between 1999 and 2006; the prosecution said Mitchell picked his victims based on vulnerability. The prosecution claimed Mitchell used blackmail to demand sex in exchange for favours; Mitchell described a conspiracy to frame him involving “…a very small-knit community in Newcastle city centre’s criminal fraternity.” Mitchell’s defence dismissed the claims as driven by one woman motivated by “self-preservation;” he refused to explain this further in open court.

It was alleged he told one woman who wanted a female officer present when searched said “I am the law. I can do anything. I don’t need a woman here,” and later attacked her in his patrol car. The woman had been arrested for possession of drugs and was 37.

He threw me over the settee, I couldn’t move with the handcuffs on, I was petrified. He said this is what you’ve wanted for a long time and he raped me.

“Each [victim] was vulnerable, whether because of drug abuse, health problems, domestic circumstances or a combination of these factors. The defendant took advantage of their vulnerabilities, usually providing or offering favours, but then requesting, or in some cases requiring by force, sexual favours in return,” was how prosecutor Paul Sloan QC explained the circumstances early in the trial.

Testimony in October included that of one lesbian, now 32, who in June 1999 was interviewed by the officer in Newcastle’s Pilgrim Street police station, and claimed he groped her and “that was the beginning of hell for me”. She told the court from behind a screen how he undid his trousers, saying that in arranging for her to be bailed he had helped her and he expected this reciprocated. “I was gay and had never had sex with a male,” but she claimed she was grabbed by the hair and forced, with a warning her girlfriend would be contacted if she made allegations. She had been arrested for cheque fraud.

She said the next month she was arrested again and he made a similar demand. Her testimony stated that he blackmailed her for four years, receiving regular sex after driving her into the country, culminating in a 2003 handcuffed rape at her home. She told the court he gave her drug money, as well as a lighter and foil to take heroin, after discovering she was in rehab. She says she pretended to take the drug but disposed of it, leaving rehab and beginning to study in 2002 in the belief the man had been evaded.

However, “[my] world just crumbled before me” when he arrived at her door and stole her spare keys, she said. She claimed he regularly visited her Sunderland house when she was away and once left a knife embedded in her pillow. She testified her fear made her sleep beneath her bed. Her testimony stated the policeman used what he said was video evidence of her committing fraud at a Post Office and in 2003 said he was going to hand the tape over.

She said when he arrived “[h]e was furious, he said I had disrespected him by not being in touch. I was trying to calm him down but he handcuffed me and said he was arresting me for fraud at the post office. He threw me over the settee, I couldn’t move with the handcuffs on, I was petrified. He said this is what you’ve wanted for a long time and he raped me.” She moved to Durham shortly after.

Detective Constable Cath Easton of Northumbria Police’s Professional Standards Unit said she visited one woman in June last year during the investigation. Although stating she had no problems with police treatment, Easton testified the woman called the following day. “She was crying, she was hysterical,” Easton told the court.

these people will grab any opportunity they can. They are lying

“It took her a while to get her words out, but she was saying ‘how do I know I can trust you? How do I know he has not sent you to test us?’ She was frightened and she told us she was frightened. She was in a real state… She was absolutely terrified that he knew I had contacted her.”

The alleged victim was assured the investigation was genuine and later called again, claiming Mitchell forced her to perform a sex act following the former heroin addict’s arrest six years previously. Another woman told the court Mitchell raped her whilst in uniform in the woman’s flat, hands cuffed behind her, and blackmailed her for years demanding sexual favours.

One woman, 25 at the time, said while in Newcastle’s Pilgrim Street police station following her arrest for a minor offence she was grabbed and kissed by the policeman. “He put his hands on my shoulders and kissed me, it was a passionate kiss. The door was open and I was shocked, anyone could have walked past or seen him or anything.” She told the court this occurred in the fingerprint room.

“After I was photographed he told me he was finishing his shift, which I took to be a hint,” the witness, another former heroin addict who said she was drunk at the time, continued. “Then when I came out of the station PC Mitchell pulled up in a car and offered to take me home, it seemed the safest way of getting home was with a police officer.” She had no complaint about him during the journey but said she resisted another kiss upon arrival at her house.

The woman, who says she has not used drugs for nine years, stated that he arrived at her house the following day and gave her a second lift. “He said he had a wife and kids but that he would like to see me again. Obviously it was never going to happen but he was saying he wanted some kind of relationship where he was seeing me on a regular basis, I would imagine for sex or something like that. He said we would have to be discreet because he had a wife but I was not interested and eventually he accepted my ‘no’.”

What it means is: ‘Resign and this will go away’.

She said he gave her money, suggested they get a private room and was “very persuasive”. Her mother also gave evidence to say Mitchell had called her to discuss the daughter’s drug-addict boyfriend. “You want to stop her going with him, he’s trouble, he’s a bad lad,” she claimed Mitchell said, adding her daughter told her the officer “was pestering her, she said he wanted to take her out.” The boyfriend also gave evidence, saying he had known the officer during former heroin addiction and giving a description of him.

One young mother met Mitchell when released from prison in 2001 after a theft sentence. Days later, he had given her heroin and felt she “owed him” according to testimony, receiving sex in return. She failed to attend Gateshead Magistrates’ Court in December the following year and he arrested her, she told the court. She wept, claiming he raped her in his vehicle. “I could not get out of the car, the doors were locked,” she told the trial.

“He said he wanted to have sex and that it would be the last time. I was shouting for him to let me out of the car, just screaming and shouting at him to let me go. He said if I told anybody, nobody would believe me because I was just a dirty junkie and I would never get my children back,” she said, describing him telling her he would plant drugs at her home and prevent access to her children if she made claims against him.

In November a woman in her fifties, who has four children and was 48 during her alleged attack, testified Mitchell raped her in a room used for reading reports at Pilgrim Street following her July 2006 theft arrest. “No one’s going to believe a thief,” he is claimed to have told her. “I said if you just let me go I’m not going to say anything; I’m not going to tell anyone. No one will ever know this has happened. I just wanted to be away.” She says she explained she was ill and taking cancer medication although “he did not seem bothered.”

Outside the police station following the alleged attack, “…there was two young lasses coming along. I will always remember one had a red Berghaus coat on. They seemed to know PC Mitchell and he did not seem to know whether to stay with me or talk to them and I just walked straight across the road. I was in total shock. I got on the bus home and I was trying to keep from crying and I had a pain in my throat.”

She said her life had been severely affected; “I was always thinking about it and crying for no reason. I just used to burst into tears for no reason and I’m not a crying person. I’m normally bubbly and happy and I really just let myself go. I never ever went with my partner again and from that day to this I have never slept with another man.” She triggered the probe that resulted in Mitchell’s prosecution by reporting him when, she says, he began arriving at her house.

She told Sloan she had not immediately contacted police because “I thought no-one would believe me. I was a shoplifter and he was a police officer. I still would never have been here to this day if he had not kept coming back to the house. If he had not done that it would have been a secret till the day I died.”

Mitchell, who has been a policeman since leaving the military in 1991, stated in the dock this month that the women had discussed their “host of rumours” amongst themselves and they were similar for this reason. “I think it has been demonstrated that people have been talking about this on a number of occasions… I know these people are not always truthful.” “But you are?” responded prosecution QC Paul Sloan. “Yes, these people will grab any opportunity they can,” according to the officer. “They are lying,” he later added.

He said if I told anybody, nobody would believe me because I was just a dirty junkie and I would never get my children back

In an attempt to disprove this defence the prosecution produced a sex tape in which Mitchell uses similar phrases to his partner as the women alleged he had said to them. “So it just so happens the words used are exactly the words you used in the video?” Sloan inquired. PC Mitchell desribed this as coincidence and rejected claims he had used such words to any of the women. He also said supplying heroin to one addict was far too risky for him; “I know police monitor drug dealers’ homes and it would be a massive risk to take my vehicle to the address of a drug dealer. I don’t want people to be on drugs. If I could help them I would.”

Mitchell, 42, divorced in 2005, admitted meeting a woman he had met on duty for sex in 2006, having admitted the same at an internal misconduct hearing in September 2007. He told the court that if interviewing woman it was in his interests as an officer to be friendly, but insisted this was all.

Defended by Toby Hedworth QC, Mitchell said his father’s murder meant he could not possibly have committed one rape in Burdon, near Sunderland, on August 31, 2001 as he had returned to his original home city of Glasgow following his father’s murder. He was accused of raping the woman in a parked car in a field.

“Have you ever been with her in the fields in the Burdon area of Sunderland?” asked Hedworth. “No, I haven’t. My dad was attacked on July 30, 2001 by somebody and subsequently died on August 10, 2001.” Hedworth: “Had your father in fact been murdered?” Mitchell: “Yes. And from the 9th to the 16th of August I was in Glasgow,” he explained. Hedworth took him through denials of every charge, which he said there was “no truth whatsoever” in.

The defence also produced a recording secretly recorded by Mitchell with Detective Chief Inspector Chris Sharman, who headed the rape investigation. Hedworth told the court Mitchell is warned on the tape, made in March, that if he is charged he would “probably be front page of the national newspapers and they are horrible” but the team would “stop digging” if he stepped down.

Hedworth likened the offer to a Monopoly “get out of jail free card” and claimed despite a warning his client was “running the risk of going to jail and going on the sex offender register”, Mitchell chose to fight the allegations – a fact which demonstrated innocence. “What it means is: ‘Resign and this will go away’.” The prosecution denied Northumbria Police were seeking to offer their colleague an alternative to investigation, stating the allegation – made during Hedworth’s closing speech – was untrue and the recording did not indicate an offer to drop the probe.

The jury began deliberations on Wednesday. After three days, on Friday they cleared Mitchell of three rapes, two indecent assaults and two counts of misconduct in a public office. Following this, trial judge Mr Justice Wilkie said he would accept majority verdicts on the remaining charges, instead of unanimous verdicts. The jury departed for the weekend, returning on Tuesday to convict him of six misconduct charges and clear him of the same number; another indecent assault charge also produced an acquital.

Yesterday, the verdicts were delivered on the remaining charges. The remaining seven misconduct charges were acquitals, as did the other indecent assaults. Two charges of rape and three of indecent assault produced guilty verdicts.

At least one of the misconduct charges he was convicted of was unrelated to indecent assault or rape; it concerned a drug-addicted woman caught with non-prescriped diazepam (valium) when her friend was arrested for shoplifting in 2003. Her testimony was that he stroked her leg and tried to kiss her in Pilgrim Street, returned the drugs upon her release, obtained her number and met her several times to give her drugs. She says although he asked to go at night to a hotel she refused, and ultimately she began ignoring his calls while he ceased supplying drugs.

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What Is Property Management?

What Is Property Management?

by

Abella IvanProperty Management

is a set of organizational and technical measures aimed at maintaining and improving the state of the property. The problem is that the owner tries to maintain property in a proper and competitive position as long as possible in order to increase its lifetime. The purpose of property management is to obtain income. This is achieved by increasing the attractiveness of the property to the tenants while reducing costs for its maintenance.

Property owner can independently deal with the subject in the presence of, for example, enough time and appropriate education. At present, almost all building universities prepare specialists for property expertise and property management. But the process that attract experts and then we are talking about a professional real estate management.

The main advantage of professional management is a continuous and integrated approach. Providing a full range of property management services, the management company as a single contractor is important and convenient for the owner of the object.

There are few distinct ways in which the work is carried out of

[youtube]http://www.youtube.com/watch?v=-UT5zj7VvxE[/youtube]

Property Management

companies.

1.Economic support – on-line analysis and optimization of revenues and expenses. Reducing the cost of maintenance of the property is one of the primary tasks of professional managers. This allows for a property owner to use the object truly effective and beneficial.

2.Legal support – competent legal defense proprietor of the site registration of property titles to objects, including accounting documents related to real estate.

3.Engineering and maintenance – ensuring high technical conditions to both the real estate and all communications.

4.Maintenance – a collection of works to help prevent property devaluation and maintenance facilities that are operational functions of elements.

Real estate management is a practical business that provides solution by the use of automated systems. To successfully accomplish the task in front of the management company, they have to solve many problems, and at the same time take into account the huge amount of budget. Some companies have provided an automated control system for real estate.

The owner of property has the right to choose who will administer their property, or who will cooperate with the management companies. The only criterion of choice in this matter is the economic relevance of the decision being taken. Operation of real estate is a difficult task. These matters are the responsibility of the chief engineer of the building, if any. But since this is a very complicated process, it requires constant monitoring and control of the property, as property owners trust

Property Management

companies in this matter.

Aquila Real Estate, Inc. in La Mesa, CA is a full service real estate company specializing in Foreclosures, Bank-Owned (REO) and

Short Sale Specialist

properties.

Article Source:

ArticleRich.com

India discontinues ?500, ?1000 denominations; releases ?2000 and new ?500 bills

Monday, November 14, 2016

On Wednesday, India demonetised ?500 (about US$7.50) and ?1000 notes, announced as a measure to fight corruption, fake notes, and black money. Prime Minister Narendra Modi addressed the Indian citizens late Tuesday, and said 500 and 1000 rupee notes would cease to be legal tender at midnight.

To minimise possible difficulties to citizens, transactions using old 500 and 1000 rupee notes were accepted at government hospitals, railway ticket bookings, government buses, and airports. The notes were also accepted at public-sector petrol-pumps, government-authorised consumer co-operative stores, milk booths authorised by State governments, and cremation grounds till Friday midnight. These shops were obliged to have a record of their stocks and sales.

In his announcement, Modi said, “For your immediate needs, you can go to any bank, head post office or sub post office, show your identity proof like Aadhar card, voter’s card, ration card, passport, income tax PAN card number or other approved proofs and exchange your old 500 or thousand rupee notes for new notes.” ((hi))Hindi language: ??????? ???????? ?? ??? ???? ?? ?? ?? ???? ?? ?????? ????? ?? ??? ??? ?????? ????? ?? ??? ?? ????? ?? ??? ?????? ?? ?? ???? ?? ???? ?? ?????? ?? ?? ??? ?? ?? ?????? ?? ???? ????? ????, ???? ??, ???? ?????, ?????? ?????, ???? ?????, ????????, ???? ????? ??? ????? ??????? ???? ?? ??? ??? ??? ???? ?? ??? ??? ???? ???

Modi also announced those who failed to change their currency till December 30 can exchange the notes at Reserve Bank of India (RBI)’s office along with a declaration form till March 31. The notes can be exchanged till December 30 at any branch of any bank across India.

By Saturday, Finance Minister Arun Jaitley said demonetised money equivalent to almost US$30 billion was deposited in banks across India. According to estimate, the old notes accounted for 85% of the total money in circulation. New 500 rupee and 2000 rupee notes are to be issued. Modi said RBI would exercise caution from past experience and limit the circulation of large-value notes.

International tourists could purchase up to 5000 rupees using the old notes at airport exchanges till Friday.

A limit was imposed on cash withdrawal; a maximum of 10000 rupees each day, and 20000 rupees each week, can be withdrawn. Moreover, from Thursday (November 10) till November 24, 4000 rupees can be exchanged in the banks and post offices. The amount is credited to the bank account.

Government workers were informed about demonetising when the announcement was made. Modi announced all banks would remain closed for public work on Wednesday.

In the United States, Donald Trump won the 2016 presidential election on Tuesday, immediately after which stock markets dropped globally. Following the US election and demonetising the money, the Indian stock market fell by 1700 points on Wednesday. Sensex lost 1,688.69 points and Nifty lost 111.55 points on the same day. Indian technology sector companies experienced loss. TCS suffered 4.93% loss and Infosys lost 2.74%.

The Indian rupee is also used in the neighbouring countries of Bhutan and Nepal. The border area uses Indian currency for day-to-day transactions. The Royal Monetary Authority of Bhutan (RMA) has announced the exchange of old notes will be facilitated till December 15. RMA governor Dasho Penjore informed Indian news site The Wire, “We do not know exactly how much Indian currency of Rs 500 and Rs 1,000 is in circulation in Bhutan. We will get a better idea after the deadline to deposit their amount”. RMA has 30% of its international exchange reserve in Indian rupees. Nepal Rastra Bank directed all Nepali banks to stop conducting transactions using the Indian rupee.

On Thursday, there were long queues in front of ATMs and banks to exchange the old notes and withdraw money. BBC reported some banks ran out of cash. Police were called to some banks to maintain discipline. Banks were open on Saturday and Sunday for money exchange.

Shops did not accept the old 500 and 1000 rupee notes. Some emphasised cash-less transaction as well. BBC reported some traders and small business owners in Delhi threatened to call a strike as this move affected their business.

eRetail websites like Amazon and Flipkart announced they would not accept the old 500 and 1000 rupee notes on Cash on Delivery orders. Amazon also announced 15% discount on gift cards worth 500 or 1000 rupees.

The government ceased all transactions using the old 500 and 1000 rupee notes before Saturday. But a Wikinews correspondent noticed a jeweler shop accepting the demonetised notes on Saturday. When questioned, the jeweler said they were accepting the old notes only on purchase. When the correspondent, who did not identify as a reporter to the shop owners, said the old 500 and 1000 rupee notes were not legal money, they said they will exchange the notes in a bank since there were 50 days to exchange with a new and legal tender. They refused to exchange old 500 rupee notes with change, asserting the customer needs to buy merchandise from their shop.

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Memorial service held for model found dead in Missouri mansion

Friday, December 31, 2010

A memorial service was held Thursday for Adrienne Nicole Martin, the model found dead two weeks ago in the Missouri, US mansion of former Anheuser-Busch CEO August Busch IV. Martin, of Native American ethnicity, was 27 years old when she died of unknown causes, said investigators.

Martin, who had been dating the 46-year-old Busch for “the last several months” according to friends, was a native of Springfield. She had previously been married to 45-year-old doctor Kevin J. Martin until February 2009, when they divorced, and had joint custody of their eight-year-old son. Adrienne Martin had a profile on iStudio, a modeling website, where she said she wanted to become an art therapist. She also expressed a desire to “to do beer advertising” and work in the modeling industry. At the time of her death, Martin had been working toward a master’s degree in art therapy.

The memorial service for Martin was held at South Haven Baptist Church in Springfield. Busch was not among the estimated 100 people attending the service, nor was he mentioned during it. The only speaker was the church’s pastor, Scott Watson, who read letters from Martin’s friends. Her son and other relatives sat in the front row while she was remembered as a gifted artist and dedicated mother. Lacy Elet, one of Martin’s friends, later said Martin was happy that “her life was finally in order.” Her obituary in the Springfield News-Leader called Busch “the love of her life.” However, one of Martin’s uncles, Andy Eby, said after the service, “There are too many questions and not enough answers.”

Martin was found unconscious by Michael Jung, who worked at Busch’s mansion, at 12:30 p.m. local time (18:30 UTC) on December 19. At 1:12 p.m., Jung called emergency services, saying, “This girl’s just not waking up.” When asked if she was breathing, Jung responded with, “We don’t know. It’s dark back there. I’m gonna get a light and try and see.” At 1:26 p.m., Martin was pronounced dead at the scene by emergency workers. Law enforcement officials said the room was dark because there were blackout “curtains drawn in the bedroom.”

An autopsy on Martin’s body did not find any trauma-related injuries, and the official cause of death has not been established by investigators. A toxicology report, expected to take several weeks, will likely be used to determine the reason Martin died. Police said Martin’s body did not exhibit any “apparent signs of trauma or other indications of cause of death.” According to her ex-husband, Adrienne Martin had a rare heart condition, called Long QT syndrome, which can cause palpitations and sudden cardiac death. Kevin Martin said his ex-wife never sought medical advice on her condition and did not talk about it with friends.

Police said that Busch was home at the US$2 million mansion when Martin was discovered, and that the ongoing investigation is being handled by the Frontenac Police Department and the St. Louis County Medical Examiner’s Office. Art Margulis, a lawyer for August Busch IV, said Martin was visiting the Huntleigh residence and that there is “absolutely nothing suspicious” surrounding her death.

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UK judge reveals gang warfare crimes of policeman

Saturday, November 6, 2010

A judge at Liverpool Crown Court in England, UK has allowed the media to report on crimes committed by a serving policeman involved with gang warfare. Salim Razaq, fired from his position as sergeant by Lancashire Constabulary, entered guilty pleas last month but this information was kept from the public pending the outcome of a separate trial.

Five others have also admitted charges in the case, including the officer’s brother Hafiz and mother Gulshan. Salim was caught when police bugged phone calls Hafiz was making from prison on remand awaiting trial for kidnapping and assaulting a rival gang member. The gangs were fighting a ‘turf war’ over drugs sales.

Salim Razaq was nothing short of a criminal in a police uniform

In the conversations the pair discussed intimidation of witnesses in a bid to prevent prosecution of Hafiz, and money laundering. Lancashire Police’s Professional Standards Department then raided Salim’s home in Walton-le-Dale, near Preston, and found £72,000 in cash hidden in the sergeant’s bedroom. Three machine guns — two Uzis and a Sten — were concealed under the stairs. 228 bullets, a bullet-proof jacket, a balaclava, and a knuckle-duster were also confiscated.

Razaq, who became an emergency response officer when he joined the police in 2001 and became a sergeant in January last year, was dismissed in June when the force convened a Special Case Hearing to fast-track the process. He has entered guilty pleas to nine offences: misconduct in a public office, two charges of perverting the course of justice, three charges of possession of a firearm, possession of ammunition, conspiracy to transfer criminal property, and conspiracy to acquire or retain criminal property.

Salim and Hafiz’s mother Gulshan admitted perverting the course of justice; her role was to intimidate witnesses. Hafiz entered guilty pleas to money laundering and two counts of perverting the course of justice. Two more gang members — Jason Lawrenson and Daniel Cookson — admitted money laundering, and another man, Louis Bamber, admitted possession of a firearm. The five will be sentenced on November 11.

Details had been kept secret while Salim Razaq faced trial on a charge of fraud by inflating the value of his salary — £33,000 a year — to obtain a mortgage. Judge Henry Globe QC decided he was innocent of that charge and ordered the jury to find him not guilty. He then lifted the restrictions imposed on the media.

Lancashire Police’s Assistant Chief Constable Andy Cooke spoke to the press outside the court. “Salim Razaq was nothing short of a criminal in a police uniform and I am appalled by the fact that a police officer was involved at the level he was in this criminality. However, I am extremely proud of the Lancashire officers who put this case together, the quality of which is reflected in the guilty pleas. I am sure that the sentences will reflect the seriousness of these crimes.”

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