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 3, 2008

In a dominating performance, Big Brown triumphed in the 2008 Kentucky Derby. Jockey Kent Desormeaux gave Big Brown a stalking ride, even as he was 4-wide along the backstretch. Once they reached the top of the stretch, Big Brown grabbed the lead and won going away, 4 3/4 lengths away from filly Eight Belles. Desormeaux wins his third Kentucky Derby, while trainer Richard Dutrow savored his victory after having bragged about how well his horse is for the Derby.

Shortly after the race finished, Eight Belles collapsed on the backstretch, shattering her two front ankles. She was euthanized minutes later. Veterinarian Larry Bramlage conceded that “there was no possible way Eight Belles could be saved… that’s an injury that’s very painful.” The moment was bittersweet for trainer Larry Jones, who sent Eight Belle’s stablemate Proud Spell to victory in the Kentucky Oaks.

Sent off 2-1 as the post-time favorite, Big Brown paid $6.80 to win. The $2 exacta (20-5) paid $141.60. The $1 trifecta (20-5-16) paid a healthy $1,722.80 with 13-1 shot Denis of Cork, and the $1 superfecta (20-5-16-2) paid a very respectable $29,368.90 with 37-1 shot Tale of Ekati.

Big Brown is being pointed to run in the Preakness Stakes on May 17. However, few horses from this year’s Kentucky Derby are looking to follow, opting instead to run in the Belmont Stakes on June 7.

Friday, October 19, 2007

The 7th Taipei International Hardware & DIY Show, organized by Kaigo Taiwan (The representative of Koelnmesse in Taiwan) and Koelnmesse GmbH, started on October 18-20 at Taipei World Trade Center Exhibition Hall 3. This show has 183 participants using 300 booths to exhibit accessories and tools on esoteric fabricating, home-living applications, and security.

With people in Taiwan valuing on the quality of home-living, the organizer set a pre-show pavilion of “2008 Taipei Home & Lifestyle Fair” and invited B&Q & HomeBox holding DIY workshops for visitors.

This exhibition is conjuncted with industry and applications, and pursuing with three main topics of “Quality, Innovation and Competitiveness”. International factories such as Hitachi, Rexon, Ryobi participated this show for the export opportunity in the hardware industry.

After the “Product Certificates and Testing” pavilion in TAITRONICS Autumn, Bureau of Standards, Metrology & Inspection, M.O.E.A., R.O.C. (Taiwan) and DIY in Europe magazine were invited for speeches focused on certifications on hardware & DIY products and environment issues in EU.

• Spoty Enterprise Co., Ltd.

• Double Dynasty Co., Ltd.

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.

Sunday, May 20, 2012

U.S. Democratic Party presidential candidate John Wolfe, Jr. of Tennessee took some time to answer a few questions from Wikinews reporter William S. Saturn.

Wolfe, an attorney based out of Chattanooga, announced his intentions last year to challenge President Barack Obama in the Democratic Party presidential primaries. So far, he has appeared on the primary ballots in New Hampshire, Missouri, and Louisiana. In Louisiana, he had his strongest showing, winning 12 percent overall with over 15 percent in some congressional districts, qualifying him for Democratic National Convention delegates. However, because certain paperwork had not been filed, the party stripped Wolfe of the delegates. Wolfe says he will sue the party to receive them.

Wolfe will compete for additional delegates at the May 22 Arkansas primary and the May 29 Texas primary. He is the only challenger to Obama in Arkansas, where a May 10 Hendrix College poll of Democrats shows him with 38 percent support, just short of the 45 percent for Obama. Such an outing would top the margin of Texas prison inmate Keith Russell Judd, who finished 18 percent behind Obama with 41 percent in the West Virginia Democratic primary; the strongest showing yet against the incumbent president. Despite these prospects, the Democratic Party of Arkansas has already announced that if Wolfe wins any delegates in their primary, again, due to paperwork, the delegates will not be awarded. Wolfe will appear on the Texas ballot alongside Obama, activist Bob Ely, and historian Darcy Richardson, who ended his campaign last month.

Wolfe has previously run for U.S. Congress as the Democratic Party’s nominee. On his campaign website, he cites the influence “of the Pentagon, Wall Street, and corporations” on the Obama administration as a reason for his challenge, believing these negatively affect “loyal Americans, taxpayers and small businesses.” Wolfe calls for the usage of anti-trust laws to break up large banks, higher taxes on Wall Street, the creation of an “alternative federal reserve” to assist community banks, and the implementation of a single-payer health care system.

With Wikinews, Wolfe discusses his campaign, the presidency of Barack Obama, corporations, energy, the federal budget, immigration, and the nuclear situation in Iran among other issues.

Thursday, March 2, 2006

As the Australian Prime Minister John Howard celebrated his ten-year reign this week, Greens Leader Bob Brown marked the 10th anniversary of his election into the Federal parliament.

Senator Brown has outlasted 10 other party leaders: Meg Lees, Cheryl Kernot, Natasha Stott-Despoja, Brian Greig, Andrew Bartlett, all former Democrat leaders. Pauline Hanson, Len Harris of the One Nation party, plus the Australian Labor Party’s Kim Beazley, Simon Crean and Mark Latham have all been and gone during that time.

Only Prime Minister John Howard and Senator Bob Brown are left standing as leaders in the Australian Federal Parliament. Bob Brown was elected to the Senate in 1996, and re-elected in 2001. He has introduced bills for constitutional reform, forest protection, to block radioactive waste dumping, to ban mandatory sentencing, and greenhouse abatement.

Senator Brown says his party has hardly been in the balance of power at any stage, yet the Australian Greens have risen in popularity. “We’ve become the third major political party in the country and we’re on our way to becoming a real power broker in this country and ultimately, the aim has to be becoming part of the Government of the country,” he told ABC Radio.

While there’s perpetual media speculation over John Howard’s possible retirement, Senator Brown says he’s full of beans and ready for the next 10 years. “And there’s no speculation about me standing at next year’s election. I can’t wait,” Senator Brown said. “Our election aim will be to rescue the Senate from the Howard government, and doubling our team is not beyond reality.”

The Tasmanian Greens senator predicts his party could govern the country one day. “We’re on our way to becoming a real powerbroker in this country and ultimately the aim has to be becoming part of the government of the country,” he said.

The Greens started with Brown’s entry into the Senate after the 1996 election, doubled to two senators in 2001, and has four had senators represented since 2004.

The four Greens senators and their staff say they will celebrate with a chocolate cake – and 10 green candles. The government held a gala fundraising dinner in the Great Hall of Parliament on Wednesday night to celebrate Mr Howard’s milestone.

Senator Brown said the success of Prime Minister John Howard is in his ability to play on fears. “(Howard)… is able to “dig a little bit below surface to play on fears that people have. He has presided over a country where the rich have got richer much faster than the poor have seen their conditions improve,” he said. “And it is a country that says if you are down on your luck, bad luck. The good Samaritan aspect which is very strong in this country, doesn’t reside with this government.”

Of the Federal Labor Party the Greens leader said they should move back to humanitarian politics He said Labor was trying to swing to the right but had lost its way. “I think the Opposition has lost its way and I think it is going to get worse,” Senator Brown said. “The indications are that the Opposition thinks if it moves to the right it will do better,” said Senator Brown.

Bob Brown is among 20 environmentalists, organisations and concerned citizens who were issued a 216 page writ by the Tasmanian-based timber company Gunns Limited in December 2004. The woodchipping giant is sueing for a combined AU$6.3 million for actions it claims has damaged their business and reputation. The defendants say the case is ‘industrial’ style litigation, alleging conspiracy, interference with trade and business and defamation. Nine different campaigns are cited.

Friday, June 5, 2009

General Motors Corporation (GM), an American automaker which has filed for bankruptcy protection, announced on Friday that the Penske Automotive Group (PAG) was selected to purchase Saturn Corporation. The transaction should be completed in October.

The purchase includes rights to the Saturn brand, its five current models and its dealership network. Two models would be discontinued, the Sky and Astra. GM would continue building the Aura sedan, the SUV’s, Vue and Outlook for at least two more years.

Saturn has 350 dealers across the United States. The dealers employ more than 13,000 jobs and sell only the Saturn autos. Canadian Saturn dealers are not included in the deal.

According to Penske future Saturn vehicles will be fuel economy focused. An expert indicated that this would move Saturn back to its roots of a entry level car company. PAG is in talks with several international automakers to replace GM after 2011. Automotive News reports that Renault Samsung Motors of Korea is the most likely candidate.

Penske wants Jill Lajdziak, Saturn’s general manager, and Tom LaSorda, former Chrysler President to head up the company when it is independent of GM.

Serra Automotive in Grand Blanc Township, Genesee County, Michigan, is in talks to take a partial ownership in a new Saturn lead by Penske.