blackstoneharness.com

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.

Tuesday, December 6, 2011

Indian authorities today declared an intent to force web companies to screen content for “offensive” and “blasphemous material”. The move follows failed talks yesterday with Facebook, Google, Yahoo!, and Microsoft.

Communications Minister Kapil Sibal says “My aim is that insulting material never gets uploaded”, and that web firms “will have to give us the data, where these images are being uploaded and who is doing it.” The government’s planned new policy is in response to web-based firms informing him they could not prevent such material being uploaded. “They have given it to me in writing that they will not do anything until we get an order from the court,” even though “At a meeting on 4 November, we showed them some of the photos and they too agreed that the photos were offensive,” said Sibal. The disputed material was first discussed three months ago.

Sibal calls the situation “unacceptable” and disputes the firms’ defence of being merely “platforms” for others to add material. He claims they showed their “intention was not to cooperate”. Facebook promised ongoing dialogue in a statement and “[recognise] the government’s interest in minimising the amount of abusive content”. They also promised to “remove any content that violates our terms, which are designed to keep material that is hateful, threatening, incites violence or contains nudity off the service.”

Google say they remove material breaching their policies and to comply with local legislation. “But when content is legal and doesn’t violate our policies, we won’t remove it just because it’s controversial, as we believe that people’s differing views, so long as they’re legal, should be respected and protected,” the company added.

“We have to take care of the sensibilities of our people, we have to protect their sensibilities. Our cultural ethos is very important to us,” Sibal said today. A response from web firms of “we throw up our hands, we can’t do anything about this” would not be tolerated.

Although some reports suggest the spat has been triggered by critiques of powerful politician Sonia Gandhi, Sibal claims the firms have previously hesitated to respond to requests for details of “terrorists”. All the material the government wishes to censor is “absolutely illegal, defamatory, pornographic or other similar kind of material” says Congress spokesman Abhishek Manu Singhvi. Material in question includes cartoons of Gandhi and Prime Minister Manmohan Singh and material mocking religion including an image depicting pigs in Mecca.

Indian computer security expert Vijay Mukhi rubbished the suggestions. “The idea of prescreening is impossible. How will they do it?… There is no technology currently that determines whether content is ‘defamatory’ or ‘offensive’,” he told Reuters. This sentiment was broadly echoed by large numbers on Twitter; the tag #IdiotKapilSibal was among the nation’s Twitter users’ most-used today. Twitter and Facebook were the organising points earlier this year for an anti-graft campaign that saw thousands protesting and new laws passed.

Internet companies insist too much material flows through the web to make such screening plausible. Sibal says the firms are applying US standards which do not take Indian needs into account.

Research in Motion last year resisted Indian security demands for access to encrypted BlackBerry communications. The government gave up that request but did manage to gain limited access to some BlackBerry communications. Skype and Google were told then that local servers would be mandatory, allowing the government to inspect emails.

About 100 million of India’s 1.2 billion people are online. There are 28 million Indian Facebook profiles. Google says it has received 68 content removal requests from Indian officials this year, and there have also been concerns Google Earth could be used to plan militant attacks.

India’s new moves follow criticism of the United Kingdom earlier this year. The UK proposed social media restrictions following riots while the Foreign Secretary simultaneously criticised other nations using social media controls to limit protest.

[edit]

Wednesday, November 30, 2011

Consumption of grilled or baked fish at least once a week can preserve the brain structure of seniors and reduce the risk of developing Alzheimer’s disease by three to five times, according to the results of a recent US study.

The study, conducted by the University of Pittsburgh School of Medicine in Pennsylvania, asked 260 volunteers with an average age of 76, about the frequency of their fish consumption. Ten years later, brain scans were carried out on those being researched. Those who regularly ate fish were found to have better preservation of parts of the brain related to memory. An additional five years later, 31% of those who did not regularly consume fish contracted mild cognitive impairment or Alzheimer’s disease. Of those who ate fish at least once a week, between three and eight per cent contracted the aforementioned medical conditions.

According to The Daily Telegraph, consumption of grilled or baked fish increases the intake of Omega 3 fatty acids, providing a greater amount of blood flow to the brain; therefore prompting a reduction in inflammation and internal gathering of plaque encountered in the lead-up to Alzheimer’s disease. Fried fish does not reduce the risk of contracting Alzheimer’s disease due to the low amount of Omega 3 it contains.

Dr. Cyrus Raji, who took leadership of the study, called it “the first study to establish a direct relationship between fish consumption, brain structure and Alzheimer’s risk.” Raji concluded that “people who consumed baked or [grilled] fish at least one time per week had better preservation of grey matter volume on MRI in brain areas at risk for Alzheimer’s disease.”

The Alzheimer’s Society’s research manager, Dr. Anne Corbett, stated: “This moderately sized study adds weight to existing evidence suggesting that eating fish reduces your risk of developing cognitive decline.” However, she contested these findings, saying they “did not account for lifestyle factors such as other foods or exercise”, which may have affected the overall outcome. Dr. Corbett advised consumers to “eat a healthy diet including fruit and vegetables along with taking regular exercise and giving up smoking” to reduce the risk of contracting dementia.

Meanwhile, Alzheimer’s Research UK lead researcher, Dr. Simon Ridley, believed the study had not clarified “whether other underlying factors may have contributed to the lower risk in people who eat fish.” There is “a clear need for more conclusive research into the effects of dietary fish on our cognitive health,” according to Dr. Ridley.

The results of the study are to be presented today at the annual meeting of the Radiological Society of North America.

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Wednesday, October 25, 2006

On November 1, 2006 the old five, ten, twenty and fifty cent coins will be illegal tender, but the Reserve Bank of New Zealand says there are still at least 100 million still to be returned.

According to the Reserve Bank, most of the old coins have been lost in drains or buried in rubbish. “We think there is still another 100 million sitting around in people’s homes,” Brian Lang, currency manger for the Reserve Bank, said.

Lang said: “So far, just over 280 million coins have been returned, but there are more out there. Since 1967 the Reserve Bank has issued more than a billion of the old ‘silver’ coins. So if you don’t want to be stuck with loads of old coin – there’s never been a better time to empty your coin jars, sweep the car glove box and rummage behind the couch cushions.”

The coins still awaiting to be handed in, by either spending them, taking them to a bank or donating them to charity, are estimated to be worth between NZ$5 million and $50 million.

“A last-minute burst of publicity may convince people to bring the coins in. It’s a bit of a hassle though. Human nature being what it is, people just don’t care,” Lang said.The Karori Wildlife Sanctuary located in Wellington say that they have collected over $9,000 in old coins. Sanctuary spokesman, Alan Dicks said: “The campaign was particularly fitting because the old coins depicted tuataras and kiwis, both of which can be found living at the sanctuary. The money will go towards supporting general ecological restoration of the sanctuary. We want to get over ten grand, but the more the better.”

Lang said: “Though the coins will no longer be legal tender, banks will continue to exchange them until at least the end of the year,” and the Reserve Bank will always exchange them. “We are still getting people coming in with two-dollar notes,” Lang added.

Tuesday, November 8, 2005

The Prime Minister of Australia, John Howard, was asked in parliament today about the contract to print the new industrial relations legislation booklets. Kelvin Thomson asked the question because the contract was awarded to Salmat Ltd., who has been said to have donated $120,000 to the Australian Liberal Party, of which the Mr Howard is a member. The contract was worth $800,000 AUD. It was revealed by Stephen Smith the week earlier that these booklets were “pulped” at a cost of $152,000 to the taxpayer.

The Prime Minster John Howard said that “the contract was awarded in the normal fashion”, and that he did not know if Salmat donated to any other parties, and said that he ask someone to “just do a little bit of research this afternoon” to get further information on the matter. After Question Time the Prime Minister confirmed that Salmat was selected through an open tender process, and expressed his belief that “expressions of political support should not disbar one from preferment on the merits.”