Posts by Rick Taylor
Russian Tycoon Mikhail Khodorkovsky Found Guilty
A Moscow court on Monday found tycoon Mikhail Khodorkovsky guilty in his second fraud trial, a judgment seen as a crucial moment in Russia’s post Soviet history that alarmed the West. In a penetrating reaction from the West, the German foreign minister said the verdict was a step backwards for Russia while US Secretary of…
Read MoreMichael Dell is his company’s largest stockholder
Some investors were not valuing the company highly enough quoted Michael Dell founder of the computer giant Dell Inc. so he bought 100m shares in his company making him the company’s largest shareholder. He bought the shares on Friday and filed with the Securities and Exchange Commission , The shares were priced at $13.57 ,the…
Read MoreU.S. Attorney Preet Bharara called the settlement a “game changer” for Madoff’s victims
The widow of a Florida philanthropist who had been the single largest recipient of Bernard Madoff’s colossal Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud, she and authorities announced today. The trustee recovering money for Madoff’s ripped off investors filed court papers formalizing the settlement with…
Read MoreNew Zealand colliery discharged work force
Most of the remaining work force at a New Zealand colliery where 29 miners died in an explosion last month were discharged Tuesday in a move unions said was a cruel blow before Christmas. Receiver Price water house Coopers said 114 of the 157 employees at Pike River Coal would be made redundant immediately as…
Read MoreKate Middleton Look is new Fashion Style
The new fashion icon across America is Kate Middleton, it used to be Michelle Obama but since Ms. Middleton’s engagement to Prince William, her fashion choices are likely to be followed and imitated. Her feather hats ,knee length dresses, and fitted coats have already caused quite a stir in the New York fashion industry with…
Read MoreFlawed $100 bills printed with a blank patch on Benjamin Franklin’s face
A portion of $100 bills creased during the printing, leaving 30 % 0f the notes with a blank patch on Benjamin Franklin’s face. The newly redesigned bill, printed on high quality cotton and linen stock, was the latest in a series of redesigned US currency intended to fight counterfeiting. President Barack Obama’s Treasury secretary, Timothy…
Read MoreLabor Department says unemployment numbers high in December
In November the US unemployment rate rose 9.8%, the highest rate since April, this is an increase from the 9.6% a rate recorded in the previous three months , raising fears about the strength of the economic recovery, the Labor Department said. Many discouraged workers gave up looking for new jobs altogether during the slump,…
Read MoreExtended unemployment benefits to end today
Unless Congress changes its mind, ,Extended unemployment benefits that had been extended up to 99 weeks will end this month benefits will start running out today for an estimated two million Americans,The average weekly unemployment benefit in the U.S. is $302.90, though it varies widely depending on how states calculate the payment. Because of supplemental…
Read MoreDemocratic Representative Congressman found guilty
Democratic Representative Congressman Charles Rangel of New York was found guilty on 11 counts of breaking house rules by an eight member House ethics committee .He has been accused of 13 counts of engaging in financial and fundraising misconduct. Appropriate punishment following a hearing will be recommended by the panel to the House of Representatives…
Read MoreRare Diamond Sold
A well known British dealer bought a rare pink diamond for $46 million dollars at Sotheby’s auction at Geneva’s luxury Beau Rivage Hotel. The diamond trader Laurence Graff put in the bid by phone to buy the gem. The 24.78 caret Pink diamond has been kept in a private collection for 60 years since it…
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