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Showing posts with label world. Show all posts
Showing posts with label world. Show all posts

29 May 2014

Constable Stephen Carroll murder: Two men lose appeal against convictions

Two men jailed for the dissident republican #murder of a policeman in Northern #Ireland have lost an appeal against their convictions.

Constable Stephen Carroll was shot dead as he responded to a 999 call in Craigavon, County Armagh, in 2009.

He was the first police officer to be killed since the formation of the PSNI.

Brendan McConville, 42, of Glenholme Avenue in Craigavon, and 22-year-old John Paul Wootton, from Colindale in Lurgan, are serving life sentences.

The pair had attempted to overturn their convictions but their appeal was dismissed at the High Court in Belfast on Thursday.

After reviewing all the witness and forensic evidence, Lord Chief Justice Sir Declan Morgan said he and his fellow appeal judges were satisfied that the original verdict had been correct.

"The surrounding circumstances in our view formed a compelling case that each of these appellants was guilty of the offences with which they were charged," he said.

Wootton and McConville showed no emotion as the ruling was delivered, but their relatives and supporters wept outside the court amid a heavy security presence.

Mr Carroll's widow Kate and her son Shane were in court to hear the outcome of the appeal.

McConville is serving at least a 25-year-sentence for the murder.

Wootton, who was a teenager at the time of the attack, received a minimum 14-year term. --BBC

27 May 2014

Doctor, 29, died of cancer after being told she was too young to have disease

Doctors failed to diagnose bowel cancer in a 29-year-old until she had to be rushed to hospital, as they said she was too young to get the disease.
Royal Marsden Hopital
The Royal Marsden Hospital iun Sutton where Suzanne Gould endured chemotherapy and radiotherapy
Photo: Alam
A doctor who was told she was too young to get bowel cancer died after being sent home and misdiagnosed with bowel disease.

Suzanne Gould, 29, went repeatedly to see GPs for six months complaining of severe stomach pains, but was told she had Crohn’s and inflammatory bowel disease.

The biomedical technician was eventually rushed to hospital in November 2012, and doctors discovered a huge tumour in her #bowel.

She had frequent rounds of chemotherapy and radiotherapy but was eventually told the cancer was terminal.
Dr Gould died in March this year, 18 months after the #tumor was found.

Rob Newton, her brother, is now trying to raise awareness of the disease and how it can affect younger people.

He told the Daily Mail: “When she was diagnosed with a tumour, it was devastating but equally frustrating that we hadn’t known sooner.”

He said his sister was positive about her condition and wanted to inform other young people about the risks. She also volunteered to be a case study for Bowel Cancer UK in a presentation at the Houses of Parliament.
He added: “It was a huge shock when we discovered it was terminal.
"But throughout it all Suzanne was bright and upbeat.”

Mr Newton, 30, is doing a fun run to raise money for the World Cancer Research Fund.
On his justgiving page, Mr Newton wrote: "In 2012, my sister Suzanne, started to have bad stomach pains and other ailments. The doctors refused to believe she had bowel cancer because she was too young, however in November 2012 she was rushed to A&E where a cancerous tumor was removed, and her fight to get better began."

Dr Gould died on March 18. She was married to Dr Simon Gould, a lecturer.
The Kingston University technician, from Dorking in Surrey, spent months in the Royal Marsden Hospital in Sutton where she endured chemotherapy and radiotherapy.

She was also treated in Medway Hospital and finally cared for in St Catherine’s Hospice in Crawley.
Source: The Telegraph

12 May 2014

Here's The Bad News For Anyone Still Holding One Of Those Internet Stocks That Crashed...

Blufin Tuna market
Southern Bluefin Tuna, the primary catch for the luxury #Japanese sashimi trade, is inspected at a Tokyo fish market.

One of the big stories of the year has been the collapse of momentum stocks.
Red hot areas like social networking, biotech, and fuel cells have gotten destroyed.
So what if you've been holding these stocks all the way down? Will they bounce back?
In his latest Weekly Kickstart note, Goldman's David Kostin has some bad news. The momentum #stocks of yesterday don't quickly become the momentum stocks of tomorrow. Once that story is over, that story is over.
He writes:
‘Indiscriminate selling’ is the phrase that most accurately captures the view of many investors regarding the momentum drawdown since early March.
Fund managers argue that the broad sell-off in high expected growth stocks affected some firms that in their view did not merit a de-rating. However, once significant momentum drawdown occurs, the momentum factor is typically not associated with subsequent market leadership although the S&P 500 gains an average of 5% during the next six months. Instead, low momentum, low valuation, and low growth are usually winning factors.
Similarly, buying stocks with the highest EV/sales ratios typically underperforms the S&P 500 during the following 1-, 3-, and 5-year periods, regardless of the sales growth that is actually delivered.

 In contrast, low EV/sales stocks typically beat the market over the same time horizons irrespective of the revenue growth that is delivered.

So there are two factors working against those former red hot stocks. One is that momentum doesn't typically comeback.  The other is that buying stocks with high enterprise value-to-sales ratios isn't generally a winner after a market regime change.
So if you're holding on to some of these names, there's a good chance, according to #Goldman, that you're holding on to dead money.

10 May 2014

Raymond Sarlot, investor who restored Chateau Marmont, dies at 89

Raymond Sarlot
Developer #Raymond #Sarlot was looking for a tax write-off when he and an associate paid $1 million for a down-on-its-luck #Hollywood landmark, the Chateau Marmont, in 1975.
Long a haven for privacy-loving celebrities such as Greta Garbo and Roman Polanski, the old Normandy-style hotel was on the verge of foreclosure, with threadbare carpets, peeling wallpaper and falling plaster.
It still had loyal guests but was so dilapidated that one of them, actress Myrna Loy, called for a new room chair after the bottom fell out of the one she was using. "I was what you call shocked," Sarlot recalled later in The Times. But the hotel quickly became more than just a business for Sarlot.
"He fell in love with the place," said his wife, Sally Rae Sarlot. "It became almost like a mistress."
Sarlot, who helped restore the Marmont's low-key elegance and secure its place as one of the city's cultural treasures, died April 27 in #LosAngeles after a long illness, his wife said. He was 89.

A month after buying the Sunset Strip property with business partner Karl Kantarjian, Sarlot moved in and oversaw its renovation over the next few years. The walls and floors were redone, tacky plastic fixtures were banished, pilfered antiques were replaced, and the pool was rebuilt. The new owners also added more guest bungalows, including the one where actor John Belushi would later be found dead.

In 1976, the year after Sarlot and Kantarjian bought it, the Marmont was declared a historic-cultural monument by the Los Angeles Cultural Heritage Commission, which cited it as
"one of the few remaining landmarks to remind us of the glitter of Hollywood's past."
"The big thing Ray did for the hotel was save it," said Fred Basten, who with Sarlot wrote an anecdotal history called "Life at the Marmont," published in 1987. "It was going to be destroyed. He bought the hotel and revitalized it."
Sarlot, who co-owned the landmark for 16 years until selling it to hotelier Andre Balazs in 1991, was also an early supporter of the downtown Museum of Contemporary Art, which featured prominent artists who were Marmont regulars, including Roy Lichtenstein, Jasper Johns and Robert Rauschenberg.

And although he was no athlete — 6 feet tall and burly, he was "forever popping a button on his shirt," his wife said — Sarlot helped launch another institution, the Los Angeles Marathon.
"Ray was one of the originators," Marathon founder and former President William Burke said in an interview last week, noting that Sarlot helped him sell the idea of the race to Mayor Tom Bradley and secure the financing for the first one in 1986. Sarlot's main passion, however, was the Marmont.

Built in 1927, the Marmont was "practically a capsule history of Hollywood itself," Kantarjian wrote in the foreword to "Life at the Marmont." Modeled after a castle in the Loire Valley of France, it became a home away from home for writers, actors and others who earned livelihoods at the nearby studios. Among the early guests were Stan Laurel, Katharine Hepburn, Billy Wilder, Mary Astor and Jean Harlow.

In later decades, playwright Arthur Miller came for weekend trysts with Marilyn Monroe. Paul Newman met Joanne Woodward there, and their pal, Gore Vidal, used it as a setting for his novel "Myra Breckinridge." In the rock era, regular guests included Graham Nash, David Crosby and Pink Floyd. "Rosemary's Baby" director Polanski lived at the Marmont in 1968 with his w
ife, Sharon Tate, before they moved to the Benedict Canyon house where she was murdered by the Manson gang; several years later, Polanski took refuge at the hotel while facing charges of drugging and raping a 13-year-old girl.

The most notorious event in the Marmont's history occurred in 1982, when Belushi was found dead of a drug overdose in Bungalow 3. When the news broke, Sarlot was having lunch with Kantarjian in Beverly Hills and rushed back to the hotel. "It was bedlam," he said in his book. "The place was swarming with outsiders," not only police but reporters and scores of curiosity-seekers.What people don't realize about the night Belushi died," Sarlot told The Times several years later, "is that the whole time all that stuff was going on, Tony Randall was living right next door" in another bungalow. "Tony had no idea what was happening until he saw the coroner's wagon."
Sarlot was born in Chicago on Aug. 1, 1924. The son of a businessman who owned several meat markets, he studied engineering at what is now the Illinois Institute of Technology before serving as a mapmaker in the Army during #WorldWarII.
He moved to #LosAngeles after the war, obtained his contractor's license and began doing remodeling, gradually working his way up to building tract homes and apartment complexes.
He moved into the Marmont during his divorce from his first wife, Regina Bragato. In addition to his wife Sally Rae, to whom he was married for 29 years, he is survived by his children from his first marriage, Debra Sarlot, Renee Knott and Joel Sarlot; two brothers, Roland and John; a sister, Rhoda; a granddaughter and a great-grandson.
After Belushi's death, the worst experience Sarlot may have had at his beloved hotel occurred in 1984, when he saw a copy of author Bob Woodward's newly published biography of the comic actor, "Wired."
On the inside flap, Woodward had written that Belushi died "in a seedy hotel bungalow off Sunset Boulevard."
Sarlot and Kantarjian sued Woodward's publisher for $18 million in damages. Woodward subsequently apologized, explaining that he had been referring to the squalid state of Belushi's room on the day he died, not the hotel itself. The lawsuit was dropped.
"Ray had spent so much time and effort bringing the hotel up to respectable condition that it was a blow to him to hear someone call it seedy," Sally Rae Sarlot said. "He wasSource: LA Times

8 May 2014

Muslim Scholars Condemn Nigeria Kidnapping

Top religious scholars working under the world's largest bloc of Islamic countries say they strongly condemn the kidnapping of more than 270 Nigerian schoolgirls, and are calling for their immediate release.
The kidnappings three weeks ago by the extremist group Boko Haram have led to worldwide condemnation. The group's leader has used Islamic teachings as justification for threatening to sell the girls into slavery.

The Islamic Fiqh Academy, which is based in Saudi Arabia and dedicated to the advanced study of Islam, said Thursday that this "crime and other crimes committed by the likes of these extremist organizations contradicts all humanitarian principles and moral values and violates the provisions of the Quran and Sunnah," or teachings of the Prophet Muhammad. The academy is part of the Organization of Islamic Cooperation.
Source: ABC News