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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.

Monday, April 11, 2005Moviegoers who pushed it to No. 1 with a reported $18.1 million take for the weekend ending April 10 at the U.S. and Canadian box office welcomed the premiere of the movie Sahara, starring Matthew McConaughey and Penélope Cruz. Still, the total was $10 million less than Sin City, the top film of the previous week, made in its debut.

Sahara is described as an adventure movie with plenty of fun. McConaughey plays a tanned and fit traveler searching for a long lost U.S. Civil War battleship, filled with gold coins, and finds love in the process.

Sin City, starring Bruce Willis and Jessica Alba, dropped to second place but was still doing well with a $14.1 million dollar sophomore weekend. Filling out the top shows: Miss Congeniality 2: Armed and Fabulous, which falls from #5 to #7 with more than $4.1 million “The Pacifier,” which drops from #6 to #8 with more than $3 million; The Ring Two, from #7 to #9 with $2.9 million; and “The Upside of Anger,” from #8 to #10 with $2.6 million.

Ticket sales at all box offices showed a decline from last year for the same weekend.

April 9, 2005

A bid topping $17.7 billion was jointly proffered by Time Warner Inc. and Comcast Corporation on Thursday to buy beleaguered Adelphia Communications Corporation in an industry consolidation move. Adelphia is the fifth largest cable service provider in the United States with nearly 5 million subscribers.

The market-share grabbing bid trumps the previous Cablevision offer of $16.5 billion. The bid is under scrutiny by the presiding judge over the Adelphia’s Chapter 11 bankruptcy filing, and must also be approved by the company’s creditors owed in the range of $20 million.

The acquisition race to gain dominance in the cable service provider market is driven by the high cost of installation and maintenance of cable lines. Fiber optic networks deliver traditional entertainment programming over a cable wire and is becoming increasingly popular for broadband internet content. The growing trust and recognition of Voice over Internet Protocol (VoIP) suggests phone service subscribers will eventually migrate to cable voice communication as opposed to keeping with traditional copper land lines. Telephone company operators are scrambling to keep up.

The largest percentage of the bid would be put up by Time Warner (TW), who could gain by getting subscribers from the valuable Los Angeles market currently owned by Comcast and Adelphia. TW can also simultaneously divest itself of a stake owned by Comcast in TW by making a tax-free swap using some of the newly garnered Adelphia subscribers.

While the consolidation would likely get a look by the government with an eye towards a growing monopoly in the market, it would doubtfully be blocked considering the existence of competing technologies. Competition exists in the form of still numerous television by airwaves usage, satellite providers, radio content companies, and telecom providers.

Adelphia suffered a corporate scandal in 1992 with similarities to the WorldCom fall. Members of the Rigas family, founders of the company, were alleged to have siphoned off millions of dollars and hidden $2.3 billion leading to the bankruptcy filing. John Rigas and son Timothy were convicted July of 2004 and await sentencing.

Wednesday, June 21, 2006

New Zealand farmers have won a key victory in Parliament, with MPs voting to exempt Working farm dogs from microchipping legislation, passing 61:60.

The Federated Farmers debated the law for a long time, saying that the cost of microchipping all their dogs will be a huge cost and an inconvenience. Under previous legislation, all newly registered dogs were to have identification microchips embedded by July 1. The microchips in dogs are for owner identification, in case of attacks on humans. This law was introduced when Carolina Anderson, 7-year-old, was attacked in 2003.

Parliament has been debating several proposed amendments to the Local Government Law Reform bill, which aimed to change the microchipping requirement.

Blogger David Farrar says “It is very messy for the Government to lose the vote after piling so much pressure on.” In the end only Labour, Progressive plus New Zealand First voted for it.

The Green party split votes (rare for a party). Four Greens MPs voted for the farm dog exemption and two against.

The four Green MPs were – Sue Bradford, Keith Locke, Sue Kedgley and Nandor Tanczos. The Greens had previously proposed that only dangerous dogs should be microchipped.

In favour of exempting farm dogs:

• National: 48
• Greens party: 4
• Maori: 4
• United Future: 3
• ACT: 2

Total: 61

Against:

• Labour: 50
• Progressive: 1
• NZ First: 7
• Greens party: 2

Total: 60

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Tuesday, September 20, 2005

US doctors are to interview 12 patients with a view to performing the first ever transplant of a human face.

The Cleveland Clinic will choose between seven women and five men to find the person most suited for the experimental procedure, which is a radical and controversial solution to extreme facial scarring or disfigurement.

Having practiced the procedure on bodies donated for medical research, the Cleveland Clinic team believe they have a 50% chance of success. The procedure will not live up to science-fiction predictions and give the recipient the appearance of the donor; the underlying bone structure is the deciding factor in the final appearance. The new face will end up resembling neither the donor nor recipient.

Surgeons in several other countries have announced being ready to perform this procedure in the past. However, the risk and non life-threatening nature of disfigurement have meant that gaining approval for the groundbreaking surgery has been difficult. Like many other transplant operations, the recipient would be required to take drugs to prevent tissue rejection for the remainder of their life. These drugs can have side effects and carry their own risks involving the patient’s immune system.

Friday, January 5, 2007

An ethical controversy has surged in the United States and elsewhere around nine-year-old Ashley X (her family name has not been released). The disabled girl was operated upon at the request of her parents, to prevent her from growing, menstruating and developing breasts. The parents, who wish to remain anonymous, explain their situation on a blog entitled The “Ashley Treatment”. There have been over 1000 reactions on the blog so far.

Ashley suffers a condition termed static encephalopathy with marked global developmental deficits of unknown etiology, which means brain damage of unknown cause leading to a kind of static condition. She can make sounds, move her arms and kick her legs, but she cannot change her position, eat, walk, talk etc. Many of these children are in poor health and die young, but Ashley is in good health. For all of these functions she depends on her caregivers. Most of the day she passes watching her surrounding, lying on a pillow. Her parents call her their “Pillow Angel”, “since she is so sweet and stays right where we place her—usually on a pillow.”

Ashley’s parents want to keep her at home and care for her themselves, and they want to guarantee their daughter’s quality of life. To this end, they say, Ashley underwent several surgical procedures and medical treatments during a period of three years. To attenuate her growth, Ashley was given high doses of the hormone estrogen. Ashley now measures 4ft 5 (1m 35cm) and weighs around 75 lbs (34 kg), which is below her expected length and weight. Her low body weight and size would improve her comfort, and at the same time facilitate the work of her caregivers.

Surgery to remove her uterus (a procedure called a hysterectomy) and breast buds were performed, so Ashley does not menstruate and will not develop breasts, both of which parents think only would cause her discomfort. Since high estrogen levels can cause menstrual bleeding and breast development, the surgery was also meant to limit these effects. She also underwent surgery to remove her appendix, because it would be difficult to diagnose appendicitis given Ashley’s low communication possibilities.

Friday, April 18, 2014

Tuesday, February 19, 2008

On Sunday, Wikinews interviewed creator of memorial site LisaMcPherson.org, former Lisa McPherson Trust employee and long time Scientology critic Jeff Jacobsen.

LisaMcPherson.org is a memorial site created in 1997 containing information on her death and the resulting legal case against the Church of Scientology.

Lisa McPherson died in 1995 while in the care of the Church of Scientology. After a car accident, she became mentally unstable. Scientologists removed her from the hospital and placed her in the Introspection Rundown, she died 17 days later while still in care of the Church. She was used as an icon during Project Chanology, the protest of the Church of Scientology by Anonymous. Protesters were pictured with signs that said “Remember Lisa McPherson” and “Ask Scientology Why Lisa McPherson Died”, other protesters had posters with her picture on it.