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Source: http://www.facebook.com/Hip2Save/posts/10153042792260343
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Friday, July 19, 2013
Tuesday, July 2, 2013
Ex-KPMG partner pleads guilty in trading case
LOS ANGELES (AP) ? A former partner at the giant accounting firm KPMG LLC pleaded guilty Monday to a securities fraud charge that authorities said involved providing insider information to a friend who plied him with cash, a Rolex watch and other luxury items.
Scott London entered the plea in U.S. District Court in Los Angeles to the felony count that carries a maximum 20-year prison term. He's scheduled to be sentenced on Oct. 21. His attorney could argue for a lesser sentence.
Prosecutors said London gave privileged information to friend and jewelry store owner Bryan Shaw over several years.
Shaw then used the information to trade in advance of announcements for KPMG clients such as Herbalife Ltd. and Skechers USA Inc., authorities said. He is estimated to have reaped more than $1 million in profits.
Shaw has pleaded guilty to one count of conspiracy and could face up to five years in prison when he is sentenced. In his plea agreement, London acknowledged that he disclosed inside information to Shaw regarding at least 14 separate earnings announcements or acquisitions for KPMG clients.
London discovered that he was the target of an investigation when the FBI came to his home early this year with a picture of him accepting cash from Shaw, according to his lawyer, Harland Braun. London then spoke with investigators for three hours.
After the plea hearing, Braun said London's motivation was personal, trying to help his longtime friend Shaw when his jewelry business was foundering.
"The families went on vacations together," said Braun. "Shaw said his business was in deep trouble and Scott did something stupid to help him."
The lawyer said London received payments and gifts from Shaw totaling about $50,000 over two years and believed his friend had made no more than $200,000 on his trades. London was shocked when he found out that Shaw had made $1.2 million, Braun said.
A brokerage firm, suspecting irregularities in Shaw's trades, contacted the FBI and Securities Exchange Commission. Shaw then agreed to cooperate with authorities in wiretapping and photographing his friend. The men were photographed exchanging a paper bag of cash in an alley near Shaw's Encino jewelry store, authorities said.
After London was confronted by investigators, he acted quickly to make it clear he was the only person involved in leaking information from the company, Braun said, explaining a prolonged investigation could have damaged the company and its clients.
"He put his clients and his firm first and decided to do the right thing," Braun said.
London had a distinguished 30-year career at KPMG. He supervised more than 500 accounting professionals at the firm and personally handled audits for major KPMG clients. He will no longer be allowed to practice as a CPA.
The SEC is seeking unspecified penalties and restitution against London and Shaw.
Source: http://news.yahoo.com/ex-kpmg-partner-pleads-guilty-trading-case-192336611.html
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WikiLeaks: Snowden makes expanded asylum requests
WASHINGTON (AP) ? National Security Agency leaker Edward Snowden, believed to be in legal limbo in the Moscow airport, is expanding his requests for asylum to another 19 countries, including China, according to WikiLeaks.
WikiLeaks, the anti-secrecy group that has adopted Snowden and his cause, on Monday night posted a statement said to be from Snowden that slammed President Barack Obama for "using citizenship as a weapon."
"Although I am convicted of nothing, it has unilaterally revoked my passport, leaving me a stateless person," Snowden says in the statement. "Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum.
"Their purpose is to frighten, not me, but those who would come after me."
WikiLeaks legal adviser Sarah Harrison delivered the requests for asylum to an official at the Russian consulate at the Moscow airport on Sunday, according to the website. WikiLeaks says some of the requests have already been delivered to the appropriate embassies.
The WikiLeaks statement said requests were made to China, Cuba, Nicaragua, Venezuela, India and several European countries. Snowden had planned earlier to seek asylum in Ecuador and has requested asylum in Russia.
The asylum requests reported by WikiLeaks and the Snowden statement could not be independently authenticated.
Snowden, who has been on the run since releasing sensitive NSA documents, is believed to have been in Moscow airport's transit zone since his arrival from Hong Kong on June 23. The U.S. has annulled his passport, and Ecuador, where he had hoped to get asylum, has been giving mixed signals about offering him shelter.
After Snowden applied for political asylum to remain in Russia, Russian President Vladimir Putin told reporters in Moscow that Snowden would have to stop leaking U.S. secrets if he wanted asylum there ? and he added that Snowden seemed unwilling to stop publishing leaks of classified material.
At the same time, Putin said he had no plans to turn over Snowden to the United States.
The expanded requests for asylum come as the Obama administration contends with European allies angry about the release of documents that alleged U.S. eavesdropping on European Union diplomats.
Obama, in an African news conference with Tanzanian President Jakaya Kikwete, said the U.S. would provide allies with information about new reports that the NSA had bugged EU offices in Washington, New York and Brussels. But he also suggested such activity by governments would hardly be unusual.
"We should stipulate that every intelligence service ?not just ours, but every European intelligence service, every Asian intelligence service, wherever there's an intelligence service ? here's one thing that they're going to be doing: They're going to be trying to understand the world better, and what's going on in world capitals around the world," he said. "If that weren't the case, then there'd be no use for an intelligence service."
The latest issue concerns allegations, published in the German newsweekly Der Spiegel, of U.S. spying on European officials. French President Francois Hollande demanded Monday that the U.S. immediately stop any such eavesdropping and suggested the widening controversy could jeopardize next week's opening of trans-Atlantic trade talks between the United States and Europe.
"We cannot accept this kind of behavior from partners and allies," Hollande said on French television.
German government spokesman Steffen Seibert told reporters in Berlin, "Eavesdropping on friends is unacceptable." He declared, "We're not in the Cold War anymore."
Even before the latest disclosures, talks at the upcoming free-trade sessions were expected to be fragile, with disagreements surfacing over which items should be covered in or excluded from an agreement. The United States has said there should be no exceptions. But France has called for exempting certain cultural products, and other Europeans do not appear eager to give up longtime agricultural subsidies.
Obama said the Europeans "are some of the closest allies that we have in the world." But he added: "I guarantee you that in European capitals, there are people who are interested in, if not what I had for breakfast, at least what my talking points might be should I end up meeting with their leaders. That's how intelligence services operate."
Nonetheless, Obama said he'd told his advisers to "evaluate everything that's being claimed" and promised to share the results with allies.
Meanwhile, the Interfax news agency said a Russian consular official has confirmed that Snowden had asked for asylum in Russia.
Interfax cited Kim Shevchenko, the duty officer at the Russian Foreign Ministry's consular office in Moscow's Sheremetyevo airport, as saying that Snowden's representative, Harrison, handed over his request Sunday.
"If he wants to go somewhere and there are those who would take him, he is welcome to do so," Putin said. "If he wants to stay here, there is one condition: He must stop his activities aimed at inflicting damage on our American partners, no matter how strange it may sound coming from my lips."
Obama said "there have been high-level discussions with the Russians" about Snowden's situation.
"We don't have an extradition treaty with Russia. On the other hand, you know, Mr. Snowden, we understand, has traveled there without a valid passport, without legal papers. And you know we are hopeful that the Russian government makes decisions based on the normal procedures regarding international travel and the normal procedures regarding international travel and the normal interactions that law enforcement has. So I can confirm that."
Putin didn't mention any Snowden effort to seek asylum in Russia, and spokesman Dmitry Peskov declined to say what the Russian response might be. Putin insisted that Snowden wasn't a Russian agent and that Russian security agencies hadn't contacted him.
Three U.S. officials, speaking on condition of anonymity because they weren't authorized to publicly discuss the Snowden case, said Washington's efforts were focused primarily on persuading Russia to deport Snowden either directly to the United States or to a third country, possibly in eastern Europe, that would then hand him over to U.S. authorities.
In a sign of the distrust generated by the Der Spiegel report, the German government said it had launched a review of its secure government communications network and the EU's executive, the European Commission, ordered "a comprehensive ad hoc security sweep."
U.S. Secretary of State John Kerry said Monday he didn't know the details of the allegations, but he still played them down, maintaining that many nations undertake various activities to protect their national interests. Kerry failed to quell the outrage from allies, including France, Germany and Italy.
A spokesman for Herman Van Rompuy, the president of the European Council, said, "The European Union has demanded and expects full and urgent clarification by the U.S. regarding the allegations."
According to Der Spiegel's report, which it said was partly based on information leaked by Snowden, NSA planted bugs in the EU's diplomatic offices in Washington and infiltrated the building's computer network. Similar measures were taken at the EU's mission to the United Nations in New York, the magazine said.
It also reported that the NSA used secure facilities at NATO headquarters in Brussels to dial into telephone maintenance systems that would have allowed it to intercept senior officials' calls and Internet traffic at a key EU office nearby.
As for Snowden, White House national security spokeswoman Caitlin Hayden said the White House won't comment on specific asylum requests but reiterated its message to all countries that he "needs to be expelled back to the U.S. based on the fact that he doesn't have travel documents and the charges pending against him."
Regarding possible effects on U.S. interactions with Russia, she said it remains the case "that we don't want this issue to negatively impact the bilateral relationship."
___
Associated Press writers Vladimir Isachenkov in Moscow, Sarah DiLorenzo in Paris, Frank Jordans and Geir Moulson in Berlin, Elena Becatoros in Athens, Raf Casert in Brussels, Deb Riechmann in Brunei, Nicole Winfield in Rome, Julie Pace in Dar es Salaam, Tanzania, and Matthew Lee in Washington contributed to this report.
Source: http://news.yahoo.com/wikileaks-snowden-makes-expanded-asylum-requests-035827764.html
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Monday, July 1, 2013
South Africa's inequality blights Mandela's dream of 'Rainbow Nation'
Reuters file
The wristwatch of a man is seen as he holds a glass of wine in his hand in Johannesburg.
By Ron Allen, Correspondent, NBC News
JOHANNESBURG ? As South Africa prays for ailing anti-apartheid icon Nelson Mandela and welcomes the first African-American U.S. president, it is still struggling to become the country that Mandela dreamed it would be.
Progress has been made in the 19 years since Mandela was elected president, but it is still a nation divided by haves and have-nots.
One major change is that the ?haves? now include so-called? ?Black Diamonds? - a new class of wealthy, successful South Africans who are not white.
Sandton is perhaps Johannesburg?s most affluent neighborhood. It?s also where you?ll find one of the city?s hottest restaurants, ?Signatures,? known for its fine dining and upscale clientele.?
There?s nothing unusual about that. South Africa has long been a place with stunning wealth and the good life.
What?s striking here, is that the owner of ?Signatures,? Desmond Mabuza, is black. He was born and raised in Soweto, the iconic township at the center of protests during the battle over apartheid and where poverty is still endemic.
Mabuza bursts with energy and charm as he greets guests, then goes back in the kitchen to supervise the chefs and waiters.
?Yeah, I?ve certainly broken the mold,? Mabuza said in an interview as servers buzzed around the table. ?I just happen to be doing it because I enjoy it, not to make history or break barriers.?
Chip Somodevilla / Getty Images
Built in a haphazard swath, shacks stretch on to the horizon in Alexandra Township on June 26, in Johannesburg, South Africa. Alexandra is situated next to the wealthy suburb of Sandton, laying bare post-apartheid South Africa's vast gulf between wealth and poverty.
He attributed his success to hard work, learning the business from bottom to top, and a big break right after high school, when he went to Marquette University in Wisconsin.
?The likes of Mandela have obviously laid the foundation. It?s up to us, the younger generation ... to come back and bring in the expertise required to take this country to the next level,? he said.
But Mabuza and the so-called ?Black Diamonds? - a term which is not always seen as a compliment - are exceptions.
Life has been very different for the overwhelming majority of black South Africans since the end of apartheid and the birth of Mandela?s ?Rainbow Nation,? with its promise of equal opportunity for all.
The unemployment rate is 25 percent on average, but it is closer to 50 percent among young black workers, according to a recent study. And whites, just 10 percent of the population of 48 million people, earn on average six times as much as blacks.
?The one singular failure, probably the Achilles? heel of the South African transition, is the nature of inequality,? said Adam Habib, Vice Chancellor at the University of Witwatersrand in Johannesburg.
South Africa, the most powerful economy on the African continent, has one of the greatest divides between haves and have-nots anywhere in the world.
It has the second highest?degree of inequality?in family income distribution in the world, only topped by Lesotho, a tiny kingdom within South Africa, according to the CIA?s World Factbook. ??
?The vast majority of people who are poor are still black,? Habib said.
And what?s more, there?s now a huge divide within the black population. At the top are those ?Black Diamonds,? men like Patrice Motsepe, a billionaire who made his fortune in mining, and in the news recently after vowing to donate half his money to charity. ?
Others include top government officials like Tokyo Sexwale and Cyril Ramaphosa, with wealth estimated in the hundreds of millions of dollars.
They and others who have made it big are often the target of resentment here, because in many cases their wealth and success are largely seen as the result of government contracts, and preferences given to black businesses through a very aggressive affirmative action program called ?Black Economic Empowerment.?
As economist Mike Schussler explained, ?a lot of people feel those jobs are given to friends and family and people with political connections rather than on ability.?
While there?s favoritism everywhere, Schussler and other analysts insist it?s rampant in South Africa. And it doesn?t help that the government of President Jacob Zuma is widely viewed as a corrupt and ineffective steward of the economy.
At the bottom are folks like Dennis Martinez. He and his family live in what?s basically a tin-roofed shack in Soweto, where they burn an open fire to cook and keep warm against the evening chill. ?We haven?t got lights, we stay in shacks, if it?s raining then all the rain comes through,? he said.
View images of civil rights leader Nelson Mandela, who went from anti-apartheid activist to prisoner to South Africa's first black president.
Martinez said nothing much has changed in the nine years he?s lived there.
Asked if life was getting better, he said, ?No, it is not, because we haven?t got jobs and we have to struggle.?
However, even amid the poverty there is optimism and hope. Martinez?s daughter Danielle, 9, and wearing a somewhat tattered dress, declared ?I want to be a president? when asked about her ambitions for the future.
?I want to help poor people. I want to give them money, food and presents,? she said.
While South Africa?s government claims correctly that a vast number of people now have better housing and basic services than during the apartheid era, few would dispute there is still a long way to go to get to where Mandela hoped his nation would be.
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Name of Motorcyclist Killed in Apple Valley Crash Released
Updated: 06/30/2013 4:08 PM
Created: 06/30/2013 9:15 AM KSTP.com | 
By: Cassie Hart
Jeffrey Trondson died Thursday at the intersection of 160th Street and Harwell Avenue in Apple Valley. Apple Valley police officers were called to the intersection around 8:05 p.m. Thursday.
Police say Trondson was traveling westbound on 160th Street when a Ford Taurus traveling eastbound made a left turn onto Harwell, crossing in front of the motorcycle.
Trondson is being remembered as an avid hunter and fisherman. A memorial service has been set for 7 p.m. Monday at White Funeral Home in Apple Valley.
Source: http://kstp.com/news/stories/s3084018.shtml?cat=1
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Mayor Bloomberg Says Minorities Are Not Stopped By Cops Enough (@MikeBloomberg)
Jun 30, 2013 | 7:30 AM??? Written By: Mike Hughes
Mayor Bloomberg has landed himself in hot waters after making some rather controversial remarks about minorities not being stopped enough by police compared to that of white individuals. ?Bloomberg stated on his weekly WOR-AM radio, that police "disproportionately stop whites too much and minorities too little." ?
Councilman Robert Jackson was highly displeased with Bloomberg's remarks, along with many others, and voice his opinion about the mayor's choice of words.
"Our mayor's comments prove he just doesn't get it." ?
How do you feel about the mayor's comments?
Source: bigstory.ap.org
Source: http://www.vladtv.com/blog/169293/mayor-bloomberg-says-minorities-are-not-stopped-by-cops-enough/
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Protests target Confederation Cup match in Rio
RIO DE JANEIRO (AP) ? More than 5,000 anti-government protesters marched Sunday near the Maracana stadium before a major international soccer match, venting their anger about the billions of dollars the Brazilian government is spending on major sporting events rather than public services.
Sharp clashes broke out several hundred yards (meters) away from the stadium about 30 minutes before the game began, as a minor scuffle between police and a few protesters escalated.
Officers quickly quashed the unrest, unleashing a barrage of tear gas canisters and stun grenades, scattering the crowd, but not before some protesters retaliated with Molotov cocktails and powerful fireworks. At one point, an officer ran into a nearby gas station and told several people holed up inside they needed to get out or they were "all going to die here!"
Though smaller in size, the march was the latest in a wave of protests that has spread across this continent-sized country in recent weeks. Many are calling the protest movement the biggest seen here in decades, with more than 1 million people having taken to the streets nationwide on just the night of June 20.
The demonstrations have dwindled in size and frequency in recent days as officials from all levels of government have scrambled to calm public anger with woeful public services and a heavy tax burden.
Still, the atmosphere was tense outside Maracana on Sunday. Some clusters of protesters tried to break through the security perimeter police set-up around the stadium, but were pushed back and not able to get past authorities.
Despite the smaller protests, demonstrator Eliane Milazzo, a 54-year-old high school teacher marching with her daughter and son-in-law, said the Brazilian people won't let their leaders off the hook and that the protests will go on.
"They've got to continue because the reasons people are out on the street are not going to go away overnight," she said. "I know I will continue to go to the streets and so will my family until we see real changes in our everyday lives."
President Dilma Rousseff has suffered the brunt of the political damage. The first national poll conducted after the protests ignited showed a steep drop in her approval rating and throws in doubt what had seemed an easy re-election next year.
Rousseff decided to not attend Sunday's final match of the Confederations Cup football tournament, which pits Brazil against Spain in what's seen as a warm-up for next year's World Cup to be hosted in Brazil.
Other top government officials and even football legend Pele are also skipping the match in a major embarrassment for a government that had hoped to use the World Cup and the 2016 Olympics in Rio to showcase Brazil's arrival as a global power.
"People are angry with Congress, angry with the terrible hospitals and worse schools," said Tania Nobrega, a 56-year-old psychologist protesting near Maracana in Rio. "But they don't want Dilma's head. People are sick of the status quo here, and that means they're fed up not only with the (ruling Workers Party) but also with all parties."
The demonstrations began earlier this month over a 10-cent hike in bus and subway fare in Sao Paulo before morphing into a nationwide movement denouncing a range of problems such as government corruption, poor education and health care.
The sudden outrage has bewildered the country's political class, which took several days to find their footing and respond to the demonstrations, both with words and action.
Several city and state governments reversed the hike on public transportation fares that sparked the first protests, but the demonstrators had moved well beyond that issue.
On June 21, Rousseff delivered a prerecorded prime time speech on TV that did little to calm the protests. She then convened a June 24 meeting with protest leaders and all the governors and mayors of capital cities, in which she announced $23 billion in new transportation investments. She also said she would import foreign doctors to work in underserved areas while promising a five-point plan to focus on public services and corruption.
The president is expected to deliver to Congress early this week her proposal for a national plebiscite letting citizens vote on political reforms.
The protests have mostly died down since the proposals were made.
The Estado de S. Paulo newspaper reported Sunday that 490 protests had taken place in Brazil in the last three weeks, peaking at 150 on June 20, when violent clashes between protesters and police were seen in several cities.
Many demonstrators have said they had learned their mass actions could prompt a quick government response. They also said they anticipated other high-profile events they could use to speak out, including July's visit by Pope Francis, next year's World Cup, a presidential election a few months later and the Rio Olympics three years from now.
"I don't think the demonstrations will stop people from coming to the World Cup, but I hope they don't come," said Tatiana Poggi, a history professor at Sunday's protest near Maracana. "It's a way foreigners help us protest. Boycott the big event."
Brazilian officials were doing all they could to make sure Sunday's protests didn't interrupt the finals match, which would be watched by millions around the world.
Officials were mobilizing the biggest security operation yet seen for a football game in Brazil, with about 6,000 regular police and almost 500 police investigators patrolling the area around Maracana and a large contingent of elite federal troops also on patrol.
No clashes between protesters and police were reported a few hours before the match was set to begin, but demonstrators remained fierce in their anti-government chants.
"Here in Brazil we took too long to wake up to discover they spent billions on stadiums, but they say there's no money for hospitals, no supplies for doctors," said protester Mariela Simao. "They tried to take action to show the population they are doing something, but they could do more."
___
AP writers Rob Harris and Stephen Wade in Rio de Janeiro and Bradley Brooks in Sao Paulo contributed to this report.
Source: http://news.yahoo.com/protests-target-confederation-cup-match-rio-184420116.html
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