Saturday, March 21, 2009

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Schrenker was faked his death by parachuting from his auto-piloted airplane which crashed in the Florida Panhandle on Jan. 11. He then used a motorcycle to a Florida campground where he was caught by the authority.

His assets together with his companies Icon Wealth Management, Heritage Wealth Management and Heritage Insurance Services, have been frozen by a a Hamilton County judge.

Now he has sent four-page letter, which was full of grammatical errors to state officials, his family and media outlets, proclaiming his innocence and his wife. He claimed he was mentally unstable and abusing prescription drugs at that time of crime.

Below is a part of Marcus Schrenker's letter reported in Media,

"There isn't a moment that goes by that I don't deeply regret the mistakes our company made and hope all parties will let me take responsibility for the financial issues surrounding the alleged funds that clients are missing. It is unfair for Michelle's assets to be seized when they have been fairly earned."

Saturday, February 28, 2009

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Rihanna and Chris Brown are back together at one of Sean Diddy's home.

Below is the news from People.com.

Do you think it's a good idea for Rihanna to get back together after going through such a painful moments - physically and emotionally?

The pair have reunited almost three weeks after Brown, 19, allegedly battered the "Umbrella" singer on Feb. 8, a source tells PEOPLE.

"They're together again. They care for each other," says the source. The on-again couple are currently spending time together at one of Sean "Diddy" Combs's homes, on Miami Beach's Star Island.

Adds the source: "While Chris is reflective and saddened about what happened, he is really happy to be with the woman he loves."

In its latest issue, PEOPLE reports that Brown called Rihanna on her 21st birthday one week ago. "He called to wish her happy birthday," a source told the magazine. "They've reached out to each other. It's been mutual."

Brown was booked by LAPD for making criminal threats but the case has not yet been presented to the District Attorney, who will ultimately determine which charges, if any, will be prosecuted.

Thursday, February 12, 2009

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He is a new breed of treasure hunter. But unlike old timers, he relies on Google Earth to search treasure. So now Los Angeles-based musician, Nathan Smith, claimed he has found a lost treasure ship that sank during a hurricane in 1822 somewhere north of Corpus Christi.
But one hurdle remains for him; the owners of the land won’t allow him to dig the muddy creek unless federal government decides that the creek is indeed "navigable waters."

Below is the story from Houston Chronicle.

If Nathan Smith's plan to search for a buried treasure near the Texas Gulf Coast using Google Earth and a metal detector sounds like a Hollywood movie, it should.
After all, Smith, a California musician, was inspired by the hit National Treasure movies starring Nicolas Cage. And like any good swashbuckling flick, there's a dramatic tale — this one involving cannibalized 19th-century sailors who supposedly left the pot of gold and silver behind in Refugio County in South Texas.

Trying to bankroll his art by becoming a treasure hunter like Cage's movie character also led Smith to the witness stand Monday in Houston's federal courthouse, where he testified in his quest to get U.S. District Judge David Hittner to order that he has title to a shipwreck he says is buried under muck near the Mission River.

He's ready to hire people to unearth the ship he thinks was laden with gold when it veered away from an 1822 hurricane and sank into mud about 160 miles southwest of Houston. But he gets to dig only if Hittner finds that the site is in navigable waters. Otherwise, anything underneath it belongs to the family who claims to own the land and is in court opposing any excavation.

"I've been seeking the Lost Dutchman's gold mine, the Franklin Mountains treasure, Jesse James' buried treasure, Belle Starr's iron door, the Lost Peg Leg gold and numerous others," testified Smith. He said his three years of treasure hunting have not yielded any treasure. "Most of these are in very secluded places and very dangerous," he said.

Smith, who testified that he's played with Junior Wells, Buddy Guy and Mick Fleetwood, said he thinks he's found the James loot in Oklahoma. But he said he also thinks there is a death trap in the form of a teetering rock half the size of the courtroom just outside the entrance.
A tale of riches

He said he became interested in the South Texas treasure from the book Lost Treasures of American History, which says a barkentine ship got lost up a creek near Refugio, half the sailors died on the way and the other half died at the hands of a local cannibal tribe.

The story goes on, he says, to say Comanche Indians found the gold and buried some of it after they, too, ran into the cannibals and fled. Some of the boat stayed above ground and was made into a house by area settlers, the tale goes on, Smith said.

He acknowledged on the stand, however, there's nothing to confirm this folklore.
Smith explained that using Google Earth from his home in Los Angeles, he spotted what he thought might be the outline of the vessel away from the creek where it was alleged to have run aground. The spot he found looks something like a shoe print. He contacted several experts about his find and drove to Texas to check it out, eventually with a metal detector.

"Where we walked, your honor, there was gold, there was silver. When you step off that area, you got nothing," said Smith about the metal detector results. He estimates the treasure to be worth $3 billion.

Guarding the location

In the case Smith v. The Abandoned Vessel, the initial lawsuit and lots of other documents have been kept under seal. Lawyers conferred on the best way to keep the site's location a secret. Smith doesn't want to give away what he thinks he found, and the landowners don't want people swarming their property.

The main legal issue in contention is whether the spot Smith wants to dig is on land belonging to the estate of the late Marie O'Connor Sorenson, or whether it is considered navigable waters.

If it's navigable waters, the first person to find abandoned booty can ask the federal courts and the U.S. Army Corps of Engineers for permission to retrieve it. If it's part of the Sorenson land, only the heirs to the estate get to dig or allow others to do so. The site appears to be an oft-flooded muddy or wetlands-like spot near water.

Navigable arguments

In the trial, expected to continue today, lawyers will argue about the legal definition of navigable waters and whether this spot meets that definition.
"A person who walked into a bookstore and saw a book on treasure wants to do this," said Ron Walker, the Victoria lawyer representing the estate. "It's our property — we don't want anyone on our property to tear it up."

Walker said the family does not believe there is a ship there and notes that even the unproven folklore about the wreck places it more than 20 miles away.

Friday, January 30, 2009

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Elliott Gibson has worked as a professional Prince Harry lookalike for many years. But now he told Daily Mail he has gone into hiding because of the unbearable attention he received ever since Prince Harry's split from Chelsy Davy.

Elliott Gibson said he has been plagued by crowds of screaming girls desperate to date him every time he leaves his house.
Elliott has worked for the Fake Faces lookalikes agency for many years and has appeared on many TV shows playing Prince Harry.

The real Prince Harry, 25, and Davy, 23, split last week after a five year romance.

The young couple decided to call time of their relationship 'amicably' after realising the logistics were making it too difficult.

Despite being in love with each other, Prince Harry has committed the next few years to his military career while Davy has been based in Leeds studying for a postgraduate law degree.

Prince Harry

Elliott Gibson

Prince Harry

Elliott Gibson

Prince Harry

Elliott Gibson

Thursday, January 29, 2009

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Asia One reports,

More than 6,000 employees of European semiconductor giant STMicroelectonics in Singapore will soon learn if they are to be hit by the company's plans to retrench some 10 percent of its 45,000-strong global workforce this year.

The company is grappling with dwindling tech spending worldwide.

A company spokesman told The Straits Times yesterday there are more than 6,000 workers in Singapore, but said it was "premature" to comment on the impact, if any, of the proposed job cuts.

STMicroelectronics' Singapore operations include the company's first Asian wafer fabrication plant in Ang Mo Kio which generates about 45 percent of its worldwide production. Singapore is also the site of the company's regional headquarters as well as its Asia-Pacific Design Centre.

However, the scale of the jobs cut in Singapore may be less than would have been the case if earlier plans had been implemented.

Last November, STMicroelectronics had said it wanted to shift more production to Asia, including places such as China and Singapore. It had said its production facilities were to be cut from 25 to 15, with the bulk of higher-cost factories in the West making way for increased production in Asia.

The move was designed to place additional work with the manufacturing hub here. Less than three months later, these plans seem to be on hold.

On the sidelines of a briefing yesterday, chief operating officer Alain Dutheil told Reuters: "What is new is that originally the idea was to cut capacity in high-cost areas like the US and transfer capacity to Asia. Today we re cutting the capacity in the US but we are not transferring this capacity to Asia."

The Switzerland-based company, which ranks fifth among global chipmakers, said the projected job cuts -3,500 in manufacturing and 1,000 in other departments - are aimed at cutting about US$700 million (S$1 billion) of costs.

On Tuesday, STMicroelectronics reported a fourth-quarter net loss of US$366 million last year, a marked deterioration on the US$20 million profit during the same period in 2007. The company's loses worsened last year with a net loss of US$786 million, compared to one of US$477 million in 2007.

It reported that net forth-quarter revenues fell 17 percent to US$2.28 billion with full-year net revenues at US$9.84 billion. STMicroelectonics also slashed its capital investment by 50 percent from last year to US$500 million this year.

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Singapore Singapore Investment Corp. and Temasek Holdings Pte were investing heavily in foreign banks at the start of current global financial crisis. Now Singapore Finance Minister Tharman Shanmugara said the worst is yet to come.

From AsiaOne,

SINGAPORE'S Finance Minister has warned that the worst of the credit crunch is yet to come.

The world's biggest banks still have toxic assets on their balance sheets, which are clogging up their ability to lend, Mr Tharman Shanmugaratnam said in an interview with Bloomberg Television on Wednesday.

The finance ministry oversees Government of Singapore Investment Corp. and Temasek Holdings Pte, each managing more than $100 billion. The state-owned funds invested about US$24 billion (S$36 billion) in UBS AG, Citigroup Inc. and Merrill Lynch & Co in the past 14 months, said Bloomberg,

Banks are still focusing on replenishing capital 'and estimates of the extent of bad assets on their books are still on the upswing,' said Mr Tharman. 'We haven't seen the worst yet.'

Bank losses worldwide from US-originated bad assets may reach US$2.2 trillion, the International Monetary Fund said on Wednesday, more than the US$1.4 trillion it predicted in October. US President Barack Obama's administration and federal regulators are considering setting up a 'bad bank' that would absorb illiquid assets from otherwise healthy financial firms.

Governments across Europe have injected capital into banks to ensure that lending to companies and consumers doesn't freeze up. European Union regulators yesterday approved France's plan to increase its funding for recapitalisation of banks including

BNP Paribas SA and Societe Generale SA to 11 billion euros (S$21.6 billion), from an initial proposal for 10.5 billion euros.

Ireland's government last month said it would invest 2 billion euros in Allied Irish and Bank of Ireland, the country's biggest lenders.

'Foot the bill'

'It's right that governments are focusing on recapitalisation in the West and they're trying their best to incentivise new lending,' Mr Tharman said. 'It's too early to say how successful this will be. Governments have to take more risk, and that means taxpayers have to be willing to foot part of the bill.'

The IMF report released on Wednesday signalled that writedowns and losses at banks totaling US$1.1 trillion so far are only half of what's to come. Losses on that scale would leave banks needing at least US$500 billion in fresh capital to restore confidence in their balance sheets, the fund said.

Singapore's leaders have defended the performance of the city's state-owned investment companies after a plunge in the value of their stakes in Citigroup, Merrill Lynch and other global banks.

GIC, which manages the country's reserves, invested about $18 billion in UBS and Citigroup since December 2007. Temasek, which has a $130 billion portfolio, increased investments in Merrill Lynch and Barclays Plc as the credit market collapsed in 2007 and 2008.

Temasek was the biggest shareholder in Merrill Lynch before the securities firm was taken over by Bank of America Corp. It is also the largest shareholder of banks including London-based Standard Chartered Plc and Singapore's DBS Group Holdings Ltd, and has holdings in India's ICICI Bank and other lenders in Indonesia, South Korea and Pakistan.

Temasek and GIC remain 'well diversified' enough in their portfolios to offer the long-term returns the government seeks, Mr Tharman said.

'We would be very worried if global banks comprise a large proportion of the portfolios of GIC or Temasek, or for that matter, any of the highly vulnerable industries globally,' the minister said. 'But these are diversified portfolios.'

Temasek and GIC have performed 'credibly by international standards,' he said. Temasek had an average 18 per cent annual return on investment since its inception in 1974. GIC said in September that annual returns in the past 20 years averaged 7.8 per cent in US dollar terms, compared with about 6 per cent for the MSCI World Index.

GIC last year also said it's boosting investments in emerging markets, private equity and other asset classes to raise returns after cutting back stocks and holdings in developed nations.

'I'm comfortable with the actions both Temasek and GIC have taken early in this crisis to reduce risk, to move into more liquid asset allocation and to prepare for opportunities in this downturn,' Mr Shanmugaratnam said. 'We've got to make sure we maintain that record of prudent investments for the portfolio as a whole, diversifying risks, and being prepared for crises from time to time.'

Wednesday, January 28, 2009

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I really think she should not be doing this - pretending to be Posh. Look at the picture and judge yourself.

These picture first appeared in Daily Mail.


She said she first became aware that she had what Posh had while working as a dancer in a nightclub.

'Customers started telling me how much I looked like Posh, and that I should become a lookalike,' she said.

'At the time, I was a single mum and struggling financially, so I contacted some agents and was soon being booked to open clubs and appear in magazines.

'I could earn between £18,000 and £20,000 a year.' It wasn't until two years ago that the Posh popularity started to wane.

Mrs Adams appeared in a local paper opening a charity event - which led to a stream of abusive emails to the newspaper's website.

One emailer wrote: 'Who does she think she is?' Another stated: 'She's a joker! She's a wannabe!'

One person wrote: 'I knew she was starving herself to look like Posh, how sad. Does she not realise she looks hideous?'

'When I read the comments, I shook with anger,' said Mrs Adams, who at 5ft 5in weighs nine stone and insists she has a healthy balanced diet.

'My friends were horrified when I told them about the grief I was getting over the job, but they encouraged me to stick at it.'

Even those in her home town of Clacton-on-Sea, Essex, seem to have tired of her dressing up as David Beckham's wife and driving around in a convertible.

'At first, I think people really thought I was Posh, but when they realised it was just me, they started shouting: "Imposhter! Who do you think you are?''' she said.

'One woman threw a lit cigarette at me and it bounced off my jacket.'
Mrs Adams said her husband Brett, 29, a personal trainer, remains a fan - but of her rather than Posh. 'He thinks I'm prettier,' she said.