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Jamaica’s, get-rich-quick scheme crashes |
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Sunday, 21 December 2008 |
 Like the once popular Cash Plus and Olint investment schemes which
crashed in Jamaica, devastating investors there, in the United States
and the Caribbean, the US government is now uncovering a similar scheme
which is set to significantly impact clients from South Florida and
across the world.
The scheme, Bernard L. Madoff Investment Securities, which has been
operated by Wall Street advisor 70 year-old Bernard L. Madoff for
years, has gone south leaving thousands of investors reeling in its
wake and billions of dollars they may never see again, mirroring what
is still taking place among Cash Plus and Olint Investors in South
Florida, New York and across the Caribbean.
The damage, especially in this economic climate, is severe for the
thousands of local residents whose investment, when combined is
estimated to be in the billions.
Several very rich folks here in South Florida invested individual
amounts up to $15 million in Madoff’s scheme. Investors included Palm
Beach Auto Dealer Norman Braman of Braman Motors, New York Mets owner
Fred Wilpon and J. Ezra Merkin, the chairman of GMAC Financial
Services. There were also prominent overseas investors.
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Sunday, 14 December 2008 |
Rep. Alcee Hastings has upped his disapproval of resuming deportations
to Haiti in a scathing letter lashing out at the US for its policy and
blasting the U.S. Immigration and Customs Enforcement for stalling to
inform his office of the decision.
“The situation in Haiti remains dire,” said the letter, which was
written by Hastings and signed by fellow Reps Robert Wexler and
Kendrick Meek, was sent to the Secretary of Homeland Security Michael
Chertoff and Acting Assistant Secretary of Homeland Security John P.
Torres said.
“Under these circumstances, we feel it is clear that sending Haitian nationals back to Haiti is both inhumane and unsafe.”
Hastings, who has long supported equal treatment for Haitian refugees
and Temporary Protected Status for undocumented Haitians immigrants,
said in his letter that sending Haitian nationals home at this time is
irresponsible.
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Mumbai confession heighten tension |
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Friday, 05 December 2008 |
The man thought to be the only surviving suspect in the deadly attacks
on Mumbai has been talking to Indian police officials, giving his name,
the identity of his father and details on a three-month training stint
in Pakistan.
However, the information being relayed by the terrorist suspect could
heighten tensions between India and Pakistan. Pakistan has repeatedly
denied allegations of involvement in last week’s attacks that left 179
dead. However, India seems convinced that Pakistan has a hand in the
attacks.
In a meeting with U.S. Secretary of State on Wednesday, India's foreign
minister said his country would consider all options "to protect its
territorial integrity" if Pakistan refuses to hand over wanted
terrorist suspects. Rice subsequently called on Pakistan to take
responsibility for terrorists that are operating within its borders,
questioning Pakistani claims that the country bore no responsibility.
According to reports the man believed to be the only survivor of the 10
gunmen who attacked several targets in Mumbai, including two renowned
luxury hotels and the Mumbai rail station, has been identified as
Mohammed Ajmal Kasab, 21, from the village of Okara in Pakistan's
Punjab province.
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Sunday, 30 November 2008 |
Chávez’s opponents make gains in Venezuela
Recent local elections in Venezuela indicate that the opposition in
that country could be making gains on President Hugo Chávez. Although
Chavez’s candidates won a majority of the governor's elections held on
Sunday, opposition forces made gains with victories in several major
states and in Caracas.
It is expected that opposition forces will claim election fraud because
the results for the governor's races in 20 of the 22 states on the
ballot were not announced until shortly before midnight in Venezuela,
after a controversy over voting centers being kept open much later than
the 4 p.m. deadline because of long lines. Reports are that Venezuelans
waited several hours to vote in the elections in which an unusually
heavy 65 percent of the country’s electorate turned out to vote.
Crisis worsens in Zimbabwe
Former U.S. President Jimmy Carter said Monday the crisis in Zimbabwe
appears "much worse than anything we ever imagined" after the
government there blocked his weekend humanitarian visit.
Carter, former U.N. Secretary-General Kofi Annan and child advocate
Graca Machel, wife of former South African president Nelson Mandela,
called for southern African leaders to halt the "deep suffering" in
Zimbabwe, where the U.N. says more than 5 million people face imminent
starvation.
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Tuesday, 11 November 2008 |
That defining moment, 11:05 p.m. on Tuesday, November 4, 2008, the
moment when television networks declared Sen. Barack Obama the first
African American to be elected as president of the United States of
America, will be written indelibly in the annals of American history
and will be remembered by Americans for years to come.
The 47 year-old Illinois Senator had created one of the most
significant political and social movements of our time culminating in
his historic win over Arizona Sen. John McCain.
Obama’s victory, as the 44th president of the United States, was
building since the majority of the polls closed at 8:00 p.m., and
seemed assured when he won the battleground states of Pennsylvania and
Ohio. Yet, nothing could be taken for granted, as he had only attained
206 of the required 270 Electoral College votes. Democrats in Florida
were extremely anxious as they awaited the agonizingly slow counting of
the votes in the state, where Obama led all night, and eventually won.
But, shortly after the results from the west coast states of
California, Oregon and Washington came in for Obama, the die was cast,
Obama passed the magic 270 number.
It’s difficult to describe the feelings that emanated from Americans,
especially Black Americans, and from people the world over. People were
seen in Chicago, Harlem, New York, outside the White House, across the
world in Kenya, Australia, openly crying with joy as the unbelievable
accomplishments made by this 48 year-old man in so short a time.
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