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Saturday, April 23, 2005

Rogers Cadenhead, the American owner of BenedictXVI.com, has made a few requests in his blog. Mr. Cadenhead registered the valuable domain on April 1 along with ClementXV.com, InnocentXIV.com, LeoXIV.com, PaulVII.com and PiusXIII.com; all in anticipation of the recent Papal conclave 2005.

After Cardinal Ratzinger’s election as Pope Benedict XVI, international media swooped on the domain speculating that it may be owned by a pornographer or casino company. However amid the wild speculation, Mr. Cadenhead dismissed these and promised not to sell the domain to any such enterprises.

However today in a humorous manner the prolific computer guide writer posted on his blog a few requests, namely:

1. Three days, two nights at the Vatican hotel they built for the conclave
2. One of those hats
3. Complete absolution, no questions asked, for the third week of March 1987
4. A back-cover blurb from the Pope for the next edition of Movable Type 3 Bible Desktop Edition. But only if he uses the book to create his own weblog, and
5. World peace.

However he was keen to stress that the requests are not demands and the whole thing was written in a witty humorous manner.

Saturday, September 13, 2008

After the table tennis event concluded, medalists from the martial art events (taekwondo, karate and judo) were confirmed on the September 8, third match day of “Invitational Games for the Deaf, Taipei 2008.”

Except for steady performances from the host Chinese Taipei team during the karate and taekwondo events, European athletes battled East Asian (Japan and South Korea) athletes. During the third match day, Korea’s Sukchan Yun ever defeated Turkey’s Kayaci Ibrahim within only 6 seconds in men’s 90.1 kg to 100 kg class. It was the shortest match in the judo event.

On the final day, Sept. 10, the top four teams from the soccer event competed for medals, despite bad weather in Taipei.

The gold medal match took place between Japan and Thailand. In the 20^th minute, Japan’s Hisashi Hosomi scored first. But during the added time of the first half, Thailand’s Somsak Thongdee tied the game 1-1. After the start of the second half, Thailand straightened their offense, and in the 60^th minute, Thailand captain Anothai Sathiyamat scored a goal, which proved to be the game winner.

In the bronze medal match between Iran and Australia, Iran defeated Australia with a 8-0 shutout. Mostafa Heydaribondarabadi, Hosseinali Mohammadi Firouzjaei, Mazaher Shirzad Sibani, Hamid Reza Khazaei, all scored in for Iran.

After the “Invitational Games for the Deaf, Taipei 2008”, Chih-he Chen, President of Asia Pacific Deaf Sports Confederation, presented an honor medal for the soccer tournament during the closing ceremony and hoped the Taipei City Government will show the best service for the 2009 Summer Deaflympics.

Only nations who won at least one medal are listed.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

Tuesday, March 22, 2005

Police organized a search in the Sydenham Park area of south-east London after a local, Anthony Holder, was attacked by a 6ft long black animal while looking for his kitten in his back yard that borders a woodland.

Holder said the animal pounced, knocked him to the ground, and then he was “in its claws for about 30 seconds. Its teeth were out and I tried to defend myself and eventually I got the thing off my body.” Holder was scratched all over his body and suffered swelling and bruising to his hand and the back of his head. He called the police at about 2:15 am while the animal sat in the garden next door.

While Holder was being treated by paramedics, the Metropolitan Police conducted a search of the area. A citizen and a police officer saw the creature, believed by some to be a panther. Another officer also believed he saw the animal and reports it as approximately the size of a Labrador Retriever. The neighbourhood is being patrolled by an armed police response vehicle staffed by officers equipped with rifles and Taser stun guns.

Scotland Yard is currently seeking specialist advice from experts from the RSPCA and London Zoo. A spokeswoman said: “We are trying to establish exactly where the animal may have come from. In the meantime we are asking the public to be vigilant. If anyone does see the animal, do not approach it but dial 9-9-9 immediately.”

People are also being advised to keep pets indoors.

Sightings of big cats have increased in recent years. The notion of a large predator in London was initially dismissed by scientists, but evidence from footprints and droppings has led to other conclusions. The British Big Cat Society estimates 50 to 100 are currently loose across England. Livestock has supposedly been attacked a number of times. Farmers near Burford in Oxfordshire have offered a £5,000 reward for the capture of a large black creature suspected of killing livestock in the area. However, there have been virtually no human encounters.

Thursday, July 15, 2021

On Monday night, governor of the U.S. state of California Gavin Newsom signed a new US$262.6 billion budget bill for the state into law, with US$8.1 billion reserved for US$600 direct stimulus payments to Californians to aid in California’s recovery from the COVID-19 pandemic. The bill for the budget, SB 129, and the bill for the stimulus payments, SB 139, both passed both houses of the California Legislature for this fiscial year.

The payments, dubbed the Golden State Stimulus II, are set to be paid out to eligible California taxpaying residents beginning in September. To be eligible, residents must have filed a state tax return for last year, not be someone’s dependent, and must have earned no more than US$75 thousand in wages last year.

Eligible Californians would get a one-time payment of US$600, and households with dependents would receive an additional US$500. Around two-thirds of Californians are expected to get a stimulus payment, according to the governor’s office. Newsom initially proposed the payments in May to aid the state’s economic recovery, as part of his “California Comeback Plan”.

Californians who already received a stimulus payment earlier in the year are not eligible for this second payment. An additional payment of US$500 is still available for those who claimed dependents on their returns.

The budget also provides for US$5.2 billion in renters’ aid for low-income residents and landlords, which would pay for all rent left unpaid during the COVID-19 crisis, and cover rent for several coming months. Overdue water and utility payments would also be covered by US$2 billion in funding.

An additional US$1.5 billion was for grant money intended for small businesses, with US$120 million in tax credits for businesses willing to relocate to California.

California had a budget surplus of nearly US$76 billion during the COVID-19 pandemic.

In signing SB 129, Newsom line-item vetoed Section 19.55 of the bill concerning US$2.58 billion in appropriations to various funds “on a technical basis”, citing in an explanation appropriations covered under the section were superseded by the budget. In California, a governor may approve a bill passed by the Legislature with specific items related to the budget rejected. The Legislature can override this line-item veto with a two-thirds vote of both the Assembly and the Senate.

Sunday, June 19, 2016

Microsoft announced on Thursday they are partnering with KIND Financial to help governments track the production and distribution of legal marijuana. Kind Financial, a California-based start-up company, began selling its Agrisoft Seed to Sale software three years ago. Microsoft is admitting Kind’s software on the Government portion of its Azure cloud service.

Although Kind Financial CEO David Dinenberg stressed to The Guardian they “absolutely do not touch the plant”, his company does business with growers and distributors of marijuana, as well as the governments that regulate it. State law in twenty-five US states — but not US federal law — has legalized marijuana, whether medicinally or for recreational use. Kimberly Nelson, Microsoft executive director of state and local government solutions, said they expect significant demand for technology to help states make sure cannabis distribution within their state is done according to their laws.

Kind also provides kiosks similar to automated tellers (ATMs) to facilitate marijuana transactions in dispensaries. The distribution of marijuana is often done only with cash or through machines like the ones Kind offers since many banks in the United States shy away from the marijuana industry entirely. Microsoft is not interacting with this part of Kind’s operations, however.

Microsoft and Kind will apply for contracts with state governments for their software. Currently, they have applied to Puerto Rico, a US territory, where medical marijuana has recently been made legal. BioTrackTHC, a company similar to Kind Financial, already has contracts with Washington, New Mexico, and Illinois.

Dinenberg said his company’s partnership with Microsoft is a major step in advancing the legitimacy of cannabis-related businesses.

Wednesday, January 26, 2011

Car manufacturer Toyota is to recall almost 1.7 million cars in two simultaneous recalls, that include the Toyota Avensis and Lexus IS 250, after concerns over fuel systems, which, if combined, amount to the biggest Toyota recall for six years.

Japan’s transport ministry stated it was possible for slight cracks to appear in fuel pipes in Avensis models, which may widen if the cars continue to be used. In the United Kingdom, Toyota GB are offering free repairs, which are expected to take around four and a half hours each. The Lexus IS 250 is involved in a separate recall, with around 280 thousand models outside of Japan being recalled over a faulty fuel pressure sensor, which can possibly come loose, causing a fuel leak.

The Managing Director of Toyota GB stated “We are committed to putting the customer first and have a total focus on the quality of all our products. We will liaise with our customers to carry out the repair procedures as efficiently as possible, with minimal disruption”.

Toyota has recalled over 16 million cars globally since late 2009.