Market maker Bernard L. Madoff arrested in $50B ‘giant Ponzi scheme’
Correction — January 10, 2009 This article incorrectly states that Mr Madoff attended Hofstra University Law School. His education was actually with Hofstra College, which he graduated from in 1960. 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…
Australian–US team of scientists finds Atlantic warming causes Pacific climate trends
Wednesday, August 6, 2014 A team of scientists from Australia and US has found a solution for a challenging problem in climate research. Climate models predicted more greenhouse gases would weaken the equatorial Pacific trade winds. However, over the past two decades, observations showed this Walker circulation was getting stronger, accelerating sea level rise in the western Pacific, and consequent changes in global climate. The researcher team reports, “The answer to the puzzle is that recent rapid Atlantic Ocean warming has affected climate in the Pacific”. Their study, “Recent Walker circulation strengthening and Pacific cooling amplified by Atlantic warming”, was published on Sunday in Nature Climate Change. While previous research supposed natural variability alone accounted for cooling in the eastern Pacific, this study highlights a previously overlooked climate feedback: as the Atlantic warms, it alters the winds over the Pacific, depressing the ocean temperature there. As coauthor Shayne McGregor of…
Swedish packaging company transfers production lines to Romania
Friday, April 29, 2005 Swedish company Korsnas Packaging has extended its operations in Romania by transferring two production lines from Germany and the United Kingdom to its Romanian subsidiary in Ploie?ti, an industrial city close to Bucharest. The first production line will be designed for producing packing material for food and the building industry. This line will be transferred to Romania at the beginning of May, with the transaction being worth €1.5 million. The second production line will be transferred in 2006, depending on the 2005 financial results of Korsnas’ Romanian subsidiary. In the past few years, and the past year especially, more European Union companies have relocated to Romania for to its lower labour cost and skilled workforce. Foreign investors have also been attracted by a new tax policy which started in January 2005, putting in place a flat 16% tax rate for personal income and corporate profit. Foreign…
Category:April 23, 2010
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200 candles: Chileans celebrate country’s Bicentennial
Saturday, September 18, 2010 Chile is celebrating its Bicentennial, with several events that have been organized by the government for almost a decade. It commemorates two hundred years since the First Government Junta of 1810 was formed, starting the Independence process, that ended in 1818 after Bernardo O’Higgins proclaimed it. The Bicentennial takes place on a holiday from September 17th until 21st. Sebastián Piñera inaugurated the official fondas (places where typical food and drinks of Chile are sold; similar to a tavern) earlier on Friday. Piñera also danced a “pie” of Cueca, Chile’s national dance, with Government Spokeswoman Ena Von Baer. More than 60 thousand people gathered on Plaza de la Ciudadanía (Citizen’s Square) in Santiago to celebrate the Bicentennial. There was a projection of historical images that also contained a message from the trapped miners in Copiapó. A giant flag of Chile (18 meters of height, 27 of width;…
What Is The Role Of A Licensed Practical Nurse
Submitted by: Elijah James In the era of recession there is only one field where people are getting high pay scale by passing some short term certifications. They have their job stability and getting more benefits like regular pay raise and frequent promotions. If you are thinking to start a new career where you will have all these benefits and not just this but you will also be getting more respect in the society, then you can start a new profession as a nurse in medical field. Starting as a certified nursing assistant, you will be getting a few week training that enables you to pass the certification exam. The trainings for the nursing assistants are different in different states. Once you finish your training, you will be working either in the hospitals or you can visit patients to their homes for the treatments. The newly certified nursing assistant gets…
Israel Journal: Is Yossi Vardi a good father to his entrepreneurial children?
Thursday, December 20, 2007 Wikinews reporter David Shankbone is currently, courtesy of the Israeli government and friends, visiting Israel. This is a first-hand account of his experiences and may — as a result — not fully comply with Wikinews’ neutrality policy. Please note this is a journalism experiment for Wikinews and put constructive criticism on the collaboration page. This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation. Dr. Yossi Vardi is known as Israel’s ‘Father of the Entrepreneur’, and he has many children in the form of technology companies he has helped to incubate in Tel Aviv‘s booming Internet sector. At the offices of Superna, one such company, he introduced a whirlwind of presentations from his baby incubators to a group of journalists. What stuck most in my head was when Vardi said, “What is important…
1 million people welcome 2007 in Sydney
Monday, January 1, 2007 A crowd of approximately 1 million has welcomed the new year in Sydney overnight. Many of the crowd had camped out since 6 AM AEDT (7PM UTC) to ensure they had the best vantage point for the fireworks displays at 9 PM and 12 AM. Earlier predictions of rain failed to dampen enthusiastic revellers and fortunately did not eventuate. According to police, vantage points were Circular Quay and Sydney Opera House closed around 7 PM. This year’s theme was “A diamond night in Emerald City” and celebrated the Sydney Harbour Bridge’s diamond anniversary of 75 years which will fall in March. As usual, the bridge became the centre piece of Sydney’s celebrations with a question mark turning into a coat hanger during the 9 PM fireworks show before a diamond appeared at 11 PM. Entertainment was held in the city throughout the day, culminating in a…
News briefs:July 28, 2010
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Mothers, teachers concerned about leukemia deaths at California elementary school
Saturday, May 28, 2005 California State Senator Joseph Dunn, school officials, and environmental professionals met with Kennedy Elementary School parents in a town-hall style meeting in Santa Ana Thursday evening. The parents aired their concerns over health issues at schools and workplaces, including a rash of leukemia cases in the student population, and began a dialogue they have been working toward for years. Representatives of Markland Manufacturing and of AQMD also spoke at the meeting, explaining their positions. The outcome of the meeting was that Senator Dunn and members of the community will tour the Markland facility and meet with county officials, and another public meeting will be held in a couple of weeks. Contents 1 Town hall meeting called in response to concerns 2 Meeting report in detail 3 Sources 4 Media 5 External links