Unused, stockpile of $1 dollar coins now tops $1 Billion. And growing.

Posted by | Posted in It's funny. Laugh, Law, Lead Story, News, Politics, Society, business | Posted on 10-08-2010

Dollar CoinsIn hidden vaults across the country, the US government is building a stockpile of $1 coins. The hoard has topped $1.1bn – imagine a stack of coins reaching almost seven times higher than the International Space Station – and the piles have grown so large the US Federal Reserve is running out of storage space.

Americans won’t use the coins, preferring $1 notes. But the US keeps minting them anyway, and the Fed estimates it already has enough $1 coins to last the next 10 years.

And at the current rate, the inventory will grow to $2bn (£1.3bn) by 2016, the Fed estimates.

Yet the piles have continued to grow because the law requires the US Mint to issue four new presidential coins each year even if most of the previous year’s coins remain in government vaults.

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Written by Jean Valjean

U.A.E., Saudis to Suspend Some BlackBerry Services

Posted by | Posted in Law, Lead Story, Technology, business | Posted on 01-08-2010

Regulators in the United Arab Emirates said Sunday they would prohibit BlackBerry email, instant-messaging and Internet-browsing services starting in October, after what officials in the country said has been a long-running dispute with the device’s maker about how it stores electronic data.

The U.A.E. market is relatively small for Canada’s Research In Motion Ltd., which makes the BlackBerry smartphone. But the suspension comes amid unease by at least one other government, India, over the inability to monitor or review electronic communications via the device in criminal, terrorist or national-security investigations. A Saudi Arabian official said the Communications and Information Technology Commission ordered telecommunications firms to block BlackBerry messaging services later this month, according to Zawya Dow Jones.

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Written by Jean Valjean

What happens when a $1.8M car parks illegaly? In the UK, it gets the boot.

Posted by | Posted in It's funny. Laugh, Law, Life | Posted on 30-07-2010

2 Luxury cars getting the boot

2 Luxury cars getting the boot

A luxury car valued at £1.2m ($1.8m) was clamped outside Harrods in central London after being illegally parked. The Koenigsegg CCXR and a £350,000 Lamborghini Murcielago LP670-4 SuperVeloce were both clamped on the afternoon of 22 July.   Kensington and Chelsea Council said the light-blue vehicles were in serious contravention of parking rules.

Both the cars are very rare with the Swedish-made Koenigsegg being one of only six ever made.

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Written by Jean Valjean

Excerpts of the Tiger Woods press conference: “I have let you down, personally and professionally”

Posted by | Posted in Featured Articles, Law, Lead Story, Life, News, Society, Sports | Posted on 19-02-2010

“Good morning, and thank you for joining me. Many of you in this room are my friends. Many of you in this room know me. Many of you have cheered for me, have worked with me, always supported me. Now, every one of you has good reason to be critical of me. I want to say to each on of you simply and directly I am deeply sorry for my irresponsible and selfish behavior I engaged in. I know people want to find out how i could be so selfish and foolish.”

“I have let you down”

“Elin never hit me that night or any night
there has never been an episode of domestic violence in our marriage.
Elin deserves praise, not blame.”

“I was unfaithful. I had affairs. I cheated.  What I did was not acceptable. and I am the only person to blame.

Tiger Woods, in happier times

Tiger Woods, in happier times

I knew my actions were wrong.
I never thought about who I was hurting.
Instead I thought only about myself.”

“I brought this shame on myself.I hurt my wife, my kids, my mother, my wife’s mother, my foundation, and kids all around the world who admired me.”

“It’s up to me to start living a life of integrity.
I once heard, and I believe it’s true, it’s not what you achieve in life that matters.  It’s what you overcome.”

“It’s hard to admit that I need help. but I do.
For 45 days, I was in in-patient therapy, receiving guidance for the issues I’m facing.
but I’ve taken my first steps in the right direction.”

“For the sake of my family: please leave my wife and kids alone.”

“Above all, I am the one that needs to change.
I owe it to my family to become a better person.”

“I have a lot of work to do. And I intend to dedicate myself to doing it.”

“Starting tomorrow, I will leave for more treatment, and more therapy. ”

“I need to regain my balance, and be centered, so I can save the things more important to me: my children, and my marriage.”

“I do plan to return to golf one day.
When I do return, I need to make my behavior more respectful of the game.”

“There are many people in this room, and there are many people at home, who believed in me. Today, I want to ask for your help. I ask you to find room in your heart to one day, believe in me again.  Thank you.”

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On November 25, 2009, supermarket tabloid The National Enquirer published a story claiming that Woods had an extramarital affair with nightclub manager Rachel Uchitel?, a claim she denied. The story began to attract media attention when Woods had a car accident a day and a half later. He was leaving his home around 2:30 a.m. in his SUV, a 2009 Cadillac Escalade, when he collided with a hedge, a fire hydrant, and finally a tree down the street. Woods was treated for minor facial lacerations, and cited for careless driving. He refused to speak to the police and the accident fanned intense speculation for the following two days until he released a statement on his website. He took blame for the crash, but said it was a private matter; he also praised his wife Elin for getting him out of the car. Woods later announced that he would not attend his own charity golf tournament, the Chevron World Challenge, or any other remaining tournaments in 2009.

Interest in the story grew, until San Diego cocktail waitress Jaimee Grubbs publicly claimed in the gossip magazine Us Weekly that she had a two-and-a-half-year affair with Woods, producing voice and text messages that she said Woods left her. The voice message stated: “Hey it’s Tiger, I need you to do me a huge favor. Can you please take your name off your phone? My wife went through my phone…You got to do this for me. Huge. Quickly. Bye.”Woods released an apology on the same day the story was published, expressing regret for “transgressions” and saying “I have let my family down.” Woods was not specific about the reason for the apology, and requested privacy.

After over a dozen women claimed in various media outlets that they had affairs with Woods, media pressure increased. On December 11, he released another statement, admitting to infidelity, offering another apology, and announcing an indefinite hiatus from professional golf. On the same day, lawyers acting on his behalf obtained an injunction in the High Court of Justice of England and Wales, preventing the publication in the UK of any images of Woods naked or having sexual intercourse, while denying that Woods was aware of the existence of any such images. Reporting the subject of the injunction was also itself injuncted. The following week, one of the women who had undertaken media interviews regarding her relationship with Woods admitted having taken photographs of Woods naked, on the pre-meditated premise that she would sell them if they ever broke up.

The day after the statement, several companies indicated they were reconsidering endorsement deals. Gillette suspended advertising featuring Woods, and said they would not be hiring him for any public appearances for the company. On December 13, management consultancy firm Accenture completely cut its sponsorship of Woods, stating that the golfer was “no longer the right representative.”

On December 11, 2009, Woods announced he would take an indefinite leave from professional golf to focus on his marriage after he admitted infidelity.

In this press conference, Tiger Woods also mentioned how he would be seeking to return to his roots on the Buddhist faith, which he admitted abandoning in recent years.

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Written by Jean Valjean