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Steps To Successfully Enter A Private Placement Program Or Managed Buy Sell Platform

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Posted by | Posted in First Aid | Posted on 21-05-2019

The process to enter a trading platform or private placement program is important to understand to be successful. Unfortunately much confusion and misinformation has circulated concerning how to reach a private placement program trader or private placement platform, which is why we will shed light on the structure in this article. The following is a brief summary for those high net individuals interested in using a trading platform for funding humanitarian projects and commercial real estate projects.

1. Client Information Sheet (CIS) and Proof of Funds (POF). A client must first submit the CIS with POF to even be considered for the opportunity. The CIS helps the platform screen out those who may have fraudulent assets or clients with criminal background as neither of these will be cases will result in a successful trade. Furthermore, the asset (liquid cash, medium term not (MTN), bank guarantee (BG), precious gems) must be verified as an asset that can be used in trade.

2. Compliance process. After CIS is send, a compliance process is undertaken where the platform conducts due diligence to ensure the validity and character of the client in depth. Clients with over $100M in assets are usually well known to the private placement program and private placement traders.

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  1. 3. Contract state. After Due Diligence is performed by the trading platform, a contract is issued. Generally this is where arrogant clients stop as many believe they are above the trader and can negotiate terms. Furthermore, some clients will turn to their attorneys for advice which is futile as most lawyers do not understand the industry and have not been exposed to a real platform.

4. Official signing of contract. If contract terms are agreed upon, both the private placement trader and high net worth client sign the agreement, hence “closing the deal.” At this point a client must follow through with the transaction without hesitation or he/she risks never being allowed in the private placement program trade again. The client will be labeled as a “non-performer” and may at this point become blacklisted.

5. Banking stage. Next, the client contacts the bank to initiate the private placement transaction, which includes blocking the funds/assets or conditionally assigning or transferring funds in favor of the trader. Banks hesitate to do this as they lose the asset on their balance sheet and lose the power to leverage the funds 25x to loan out to others, thereby decreasing the bank’s potential income. The client must hold steady as remind the bank that it is his/her money. Using a top banking center with a large amount of assets helps mitigate this obstacle as 100M up to $1B may not hurt a larger bank as much as it would a smaller one.

6. Line of credit established. The clients funds will be used to draw a line of credit (LOC) for trade. This may or may not require moving funds into the traders bank of choice.

7. Trader obtains banking instrument for trade. After acquiring the LOC, the trader will then identify his exit buyers before purchasing the banking instrument (medium term note, bank guarantee, or other) to trade. The high net worth individual will then receive profits on a scheduled basis for usually a period of 40 weeks, although different payment terms may be made.

8. Funding. Profits are then used to fund humanitarian or commercial real estate projects, usually in underdeveloped nations. Usually 70% will be used for humanitarian use while the rest remains for “administrative use,” in other words, at the discretion of the client. The FED oversees how the remaining 30% is used as this is a highly regulated transaction.

9. Other pointers. The transaction NEVER requires any upfront fees. Moreover, after a successful trading period ends, the client may wish to reenter the trade depending on the status of projects. You should initially work with someone who is well versed in PPP to help guide you in the process although this is a basic template to follow. Experience and relationships are key in this area, so if one is not familiar with the transaction steps above is it highly recommended to consult with someone who has dealt with a private placement trader or facilitator.

Article Source: sooperarticles.com/business-articles/financial-management-articles/steps-successfully-enter-private-placement-program-managed-buy-sell-platform-109506.html

About Author:

For more information regarding private placement program, private equity management, private placement platform and asset investment management; please visit crowncapitalfunding.comAuthor: Ason Jackson

Warhol’s photo legacy spread by university exhibits

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Posted by | Posted in Uncategorized | Posted on 21-05-2019

Tuesday, January 28, 2014

Evansville, Indiana, United States — This past week marked the opening night of an Andy Warhol exhibit at the University of Southern Indiana. USI’s art gallery, like 189 other educational galleries and museums around the country, is a recipient of a major Warhol donor program, and this program is cultivating new interest in Warhol’s photographic legacy. Wikinews reporters attended the opening and spoke to donors, exhibit organizers and patrons.

The USI art gallery celebrated the Thursday opening with its display of Warhol’s Polaroids, gelatin silver prints and several colored screen prints. USI’s exhibit, which is located in Evansville, Indiana, is to run from January 23 through March 9.

The McCutchan Art Center/Pace Galleries at USI bases its exhibit around roughly 100 Polaroids selected from its collection. The Polaroids were all donated by the Andy Warhol Photographic Legacy Program, according to Kristen Wilkins, assistant professor of photography and curator of the exhibit. The Andy Warhol Foundation for the Visual Arts made two donations to USI Art Collections, in 2007 and a second recently.

Kathryn Waters, director of the gallery, expressed interest in further donations from the foundation in the future.

Since 2007 the Andy Warhol Photographic Legacy Program has seeded university art galleries throughout the United States with over 28,000 Andy Warhol photographs and other artifacts. The program takes a decentralized approach to Warhol’s photography collection and encourages university art galleries to regularly disseminate and educate audiences about Warhol’s artistic vision, especially in the area of photography.

Contents

  • 1 University exhibits
  • 2 Superstars
  • 3 Warhol’s photographic legacy
  • 4 USI exhibit
  • 5 Sources

Wikinews provides additional video, audio and photographs so our readers may learn more.

Wilkins observed that the 2007 starting date of the donation program, which is part of the Andy Warhol Foundation for the Visual Arts, coincided with the 20th anniversary of Andy Warhol’s death in 1987. USI was not alone in receiving a donation.

K.C. Maurer, chief financial officer and treasurer at the Andy Warhol Foundation, said 500 institutions received the initial invitation and currently 190 universities have accepted one or more donations. Institutional recipients, said Mauer, are required to exhibit their donated Warhol photographs every ten years as one stipulation.

While USI is holding its exhibit, there are also Warhol Polaroid exhibits at the Tang Teaching Museum and Art Gallery at Skidmore College in Saratoga Springs, New York and an Edward Steichen and Andy Warhol exhibit at the Mary & Leigh Block Museum of Art at Northwestern University in Evanston, Illinois. All have received Polaroids from the foundation.

University exhibits can reach out and attract large audiences. For example, the Weatherspoon Art Museum at the University of North Carolina at Greensboro saw attendance levels reach 11,000 visitors when it exhibited its Warhol collection in 2010, according to curator Elaine Gustafon. That exhibit was part of a collaboration combining the collections from Duke University, located in Durham, North Carolina, and University of North Carolina at Chapel Hill, which also were recipients of donated items from the Andy Warhol Photographic Legacy Program.

Each collection donated by the Andy Warhol Photographic Legacy Program holds Polaroids of well-known celebrities. The successful UNC Greensboro exhibit included Polaroids of author Truman Capote and singer-songwriter Carly Simon.

“I think America’s obsession with celebrity culture is as strong today as it was when Warhol was living”, said Gustafon. “People are still intrigued by how stars live, dress and socialize, since it is so different from most people’s every day lives.”

Wilkins explained Warhol’s obsession with celebrities began when he first collected head shots as a kid and continued as a passion throughout his life. “He’s hanging out with the celebrities, and has kind of become the same sort of celebrity he was interested in documenting earlier in his career”, Wilkins said.

The exhibit at USI includes Polaroids of actor Dennis Hopper; musician Nick Rhodes of Duran Duran; publishers Jann Wenner of Rolling Stone Magazine and Carlo De Benedetti of Italy’s la Repubblica; disco club owner Steve Rubell of Studio 54; photographers Nat Finkelstein, Christopher Makos and Felice Quinto; and athletes Vitas Gerulaitis (tennis) and Jack Nicklaus (golf).

Wikinews observed the USI exhibit identifies and features Polaroids of fashion designer Halston, a former resident of Evansville.

University collections across the United States also include Polaroids of “unknowns” who have not yet had their fifteen minutes of fame. Cynthia Thompson, curator and director of exhibits at the University of Arkansas, Fayetteville, said, “These images serve as documentation of people in his every day life and art — one which many of us enjoy a glimpse into.”

Warhol was close to important touchstones of the 1960s, including art, music, consumer culture, fashion, and celebrity worship, which were all buzzwords and images Wikinews observed at USI’s opening exhibit.

He was also an influential figure in the pop art movement. “Pop art was about what popular American culture really thought was important”, Kathryn Waters said. “That’s why he did the Campbell Soup cans or the Marilyn pictures, these iconic products of American culture whether they be in film, video or actually products we consumed. So even back in the sixties, he was very aware of this part of our culture. Which as we all know in 2014, has only increased probably a thousand fold.”

“I think everybody knows Andy Warhol’s name, even non-art people, that’s a name they might know because he was such a personality”, Water said.

Hilary Braysmith, USI associate professor of art history, said, “I think his photography is equally influential as his graphic works, his more famous pictures of Marilyn. In terms of the evolution of photography and experimentation, like painting on them or the celebrity fascination, I think he was really ground-breaking in that regard.”

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The Polaroid format is not what made Warhol famous, however, he is in the company of other well-known photographers who used the camera, such as Ansel Adams, Chuck Close, Walker Evans, Robert Mapplethorpe, and Helmut Newton.

Wilkins said, “[Warhol] liked the way photo booths and the Polaroid’s front flash looked”. She explained how Warhol’s adoption of the Polaroid camera revealed his process. According to Wilkins, Warhol was able to reproduce the Polaroid photograph and create an enlargement of it, which he then could use to commit the image to the silk screen medium by applying paint or manipulating them further. One of the silk screens exhibited at USI this time was the Annie Oakley screen print called “Cowboys and Indians” from 1987.

Wilkins also said Warhol was both an artist and a businessperson. “As a way to commercialize his work, he would make a blue Marilyn and a pink Marilyn and a yellow Marilyn, and then you could pick your favorite color and buy that. It was a very practical salesman approach to his work. He was very prolific but very business minded about that.”

“He wanted to be rich and famous and he made lots of choices to go that way”, Wilkins said.

It’s Warhol. He is a legend.

Kiara Perkins, a second year USI art major, admitted she was willing to skip class Thursday night to attend the opening exhibit but then circumstances allowed for her to attend the exhibit. Why did she so badly want to attend? “It’s Warhol. He is a legend.”

For Kevin Allton, a USI instructor in English, Warhol was also a legend. He said, “Andy Warhol was the center of the Zeitgeist for the 20th century and everything since. He is a post-modern diety.”

Allton said he had only seen the Silver Clouds installation before in film. The Silver Clouds installation were silver balloons blown up with helium, and those balloons filled one of the smaller rooms in the gallery. “I thought that in real life it was really kind of magical,” Allton said. “I smacked them around.”

Elements of the Zeitgeist were also playfully recreated on USI’s opening night. In her opening remarks for attendees, Waters pointed out those features to attendees, noting the touches of the Warhol Factory, or the studio where he worked, that were present around them. She pointed to the refreshment table with Campbell’s Soup served with “electric” Kool Aid and tables adorned with colorful gumball “pills”. The music in the background was from such bands as The Velvet Underground.

The big hit of the evening, Wikinews observed from the long line, was the Polaroid-room where attendees could wear a Warhol-like wig or don crazy glasses and have their own Polaroid taken. The Polaroids were ready in an instant and immediately displayed at the entry of the exhibit. Exhibit goers then became part of the very exhibit they had wanted to attend. In fact, many people Wikinews observed took out their mobiles as they left for the evening and used their own phone cameras to make one further record of the moment — a photo of a photo. Perhaps they had learned an important lesson from the Warhol exhibit that cultural events like these were ripe for use and reuse. We might even call these exit instant snap shots, the self selfie.

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Children enjoy interacting with the “Silver Clouds” at the Andy Warhol exhibit. Image: Snbehnke.

Kathryn Waters opens the Andy Warhol exhibit at USI. Image: Snbehnke.

At the Andy Warhol exhibit, hosts document all the names of attendees who have a sitting at the Polaroid booth. Image: Snbehnke.

Curator Kristin Wilkins shares with attendees the story behind his famous Polaroids. Image: Snbehnke.

A table decoration at the exhibit where the “pills” were represented by bubble gum. Image: Snbehnke.

Two women pose to get their picture taken with a Polaroid camera. Their instant pics will be hung on the wall. Image: Snbehnke.

Even adults enjoyed the “Silver Clouds” installation at the Andy Warhol exhibit at USI. Image: Snbehnke.

Many people from the area enjoyed Andy Warhol’s famous works at the exhibit at USI. Image: Snbehnke.

Katie Waters talks with a couple in the Silver Clouds area. Image: Snbehnke.

Many people showed up to the new Andy Warhol exhibit, which opened at USI. Image: Snbehnke.

At the exhibit there was food and beverages inspired to look like the 1960s. Image: Snbehnke.

A woman has the giggles while getting her Polaroid taken. Image: Snbehnke.

A man poses to get his picture taken by a Polaroid camera, with a white wig and a pair of sunglasses. Image: Snbehnke.

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Finished product of the Polaroid camera film of many people wanting to dress up and celebrate Andy Warhol. Image: Snbehnke.

Australian senator Barnaby Joyce crosses floor

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Posted by | Posted in Uncategorized | Posted on 17-05-2019

Wednesday, October 12, 2005

Canberra, Australia —Barnaby Joyce, a National Party member of Parliament crossed the floor in the Australian Senate October 11 over legislation proposed to permit mergers without the agreement of the competition watchdog body, the Australian Competition and Consumer Commission. He has not, however, changed his party membership.

The question over the proposed changes was put at 9.26pm when Joyce crossed the floor to vote against them. The vote was tied with 32 for and 32 against and thus the question was not carried by the government (the President of the Australian Senate does not hold the casting vote as in the Australian House of Representatives).

The Liberal Party/National Party coalition of which Joyce is a member holds a narrow majority of one seat in the Senate and Joyce has stated that he has chosen to exercise his vote in support of the promises made to his electorate prior to the election, rather than be obedient to the directions of the party executive. This is the first time Joyce, a recently elected senator, has crossed the floor in the Senate, and Joyce has suggested that this may not be the last.

Interview with Vicky Dhillon, City Council candidate for Wards 9 & 10 in Brampton, Canada

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Posted by | Posted in Uncategorized | Posted on 16-05-2019

Thursday, October 26, 2006

The upcoming 2006 Brampton municipal election, to be held November 13, features an array of candidates looking to represent their wards in city council or the council of the Peel Region.

Wikinews contributor Nick Moreau contacted many of the candidates, including Vicky Dhillon, asking them to answer common questions sent in an email. This ward’s incumbent is Garnett Manning; also challenging Manning is Stella Ambler, Mandeep Dhaliwal, Daljit Gill, and Nalem Malik.

Wikinews Shorts: December 20, 2008

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Posted by | Posted in Uncategorized | Posted on 16-05-2019

A compilation of brief news reports for Saturday, December 20, 2008.

The United States government has announced that it will give US$17.4 billion in loans to help three of the nation’s automobile makers – Chrysler, General Motors, and Ford – avoid bankruptcy.

The money will be taken from the $700 billion bailout package originally intended to rescue US banks. General Motors will get $9.4 billion and Chrysler $4 billion before next year. Ford stated that it wants to get by without government aid.

President George Bush said that it would not be “a responsible course of action” to allow the companies to collapse.

Sources


Telephone and Internet communications between Asia and Europe have been disrupted after some submarine cables were severed.

The cables FLAG FEA, SMW4 and SMW3 near Alexandria, Egypt, were damaged, and the GO cable 130 kilometres off the coast of Sicily has also been reported as broken. France Telecom will repair the damage, and the company announced that it was dispatching a ship to repair the line between Egypt and Italy.

Experts warn that it could be several days before the problems are fixed.

Sources


Yann Elies, a French yachtsman participating in the Vendee Globe round-the-world solo yacht race, was rescued on Saturday by the Australian navy after the former was paralysed by a wave that struck his boat in the Southern Ocean.

Elies broke his left thighbone and perhaps several ribs after the wave slammed into his boat 200 kilometres southwest of Perth.

The Australian frigate dispatched the HMAS Arunta to rescue Elies. The ship left Fremantle early on Friday morning and reached Elies by evening.

Sources


Pfizer and Microsoft team up against Viagra spam

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Posted by | Posted in Uncategorized | Posted on 16-05-2019

Sunday, February 13, 2005

New York –”Buy cheap Viagra through us – no prescription required!” Anyone with an active email account will recognize lines like this one. According to some reports, unsolicited advertisements (spam) for Viagra and similar drugs account for one in four spam messages.

BACKGROUND

Spamming remains one of the biggest problems facing email users today. While users and systems administrators have improved their defenses against unsolicited email, many spammers now insert random words or characters into their letters in order to bypass filters. The Wikipedia article Stopping email abuse provides an overview of the various strategies employed by companies, Internet users and systems administrators to deal with the issue.

Ever since pharmaceutical giant Pfizer promised to cure erectile dysfunction once and for all with its blue pills containing the drug sildenafil citrate, spammers have tried to tap into male anxiety by offering prescription-free sales of unapproved “generic” Viagra and clones such as Cialis soft tabs. Legislation like the U.S. CAN-SPAM act has done little to stem the tide of email advertising the products.

Now Pfizer has entered a pledge with Microsoft Corporation, the world’s largest software company, to address the problem. The joint effort will focus on lawsuits against spammers as well as the companies they advertise. “Pfizer is joining with Microsoft on these actions as part of our shared pledge to reduce the sale of these products and to fight the senders of unsolicited e-mail that overwhelms people’s inboxes,” said Jeff Kindler, executive vice president at Pfizer.

Microsoft has filed civil actions against spammers advertising the websites CanadianPharmacy and E-Pharmacy Direct. Pfizer has filed lawsuits against the two companies, and has taken actions against websites which use the word “Viagra” in their domain names. Sales of controlled drugs from Canadian pharmacies to the United States are illegal, but most drugs sold in Canada have nevertheless undergone testing by the U.S. Food and Drug Administration. This is not the case for many of the Viagra clones sold by Internet companies and manufactured in countries like China and India. While it was not clear that CanadianPharmacy was actually shipping drugs from Canada, Pfizer’s general counsel, Beth Levine, claimed that the company filled orders using a call center in Montreal, reported the Toronto Star.

For Microsoft’s part, they allege that the joint effort with Pfizer is part of their “multi-pronged attack on the barrage of spam.” As the creator of the popular email program Outlook, Microsoft has been criticized in the past for the product’s spam filtering process. Recently, Microsoft added anti-spam measures to its popular Exchange server. Exchange 2003 now includes support for accessing so-called real-time block lists, or RTBLs. An RTBL is a list of the IP addresses maintained by a third party; the addresses on the list are those of mailservers thought to have sent spam recently. Exchange 2003 can query the list for each message it receives.

Wikinews interviews Aurélien Miralles about Sirenoscincus mobydick species discovery

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Posted by | Posted in Uncategorized | Posted on 16-05-2019

Thursday, January 24, 2013

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A group of researchers published a paper about their discovery of a new species of Madagascar mermaid skink lizards last December. The species is the fourth forelimbs-only terrestrial tetrapods species known to science, and the first one which also has no fingers on the forelimbs.

The species was collected at Marosely, Boriziny (French: Port-Bergé), Sofia Region, Madagascar. The Sirenoscincus mobydick name is after the existing parent genus, and a sperm whale from the 1851 novel Moby-Dick by Herman Melville.

This week, Wikinews interviewed one of the researchers, French zoologist Aurélien Miralles, about the research.

((Wikinews)) What caused your initial interest in Madagascar lizards?

Aurélien Miralles: Well, I would say that since I am a child I am fascinated by the biodiversity of tropical countries, and more especially by reptiles. I did a PhD on the evolution and systematics of skink lizards from South America. Then, I get a Humboldt grant to do a postdoc in Germany, at the Miguel Vences Lab, in order to study Malagasy skinks. Madagascar being a fabulous hotspot for reptiles (and not only for reptiles actually), it was a very nice opportunity. Professor Vences proposed me to associate our complementary fields of expertise: he is expert in herpetology for Madagascar, and I am expert in skinks lizards (family Scincidae). It was a very fruitful experience, and many other results have still to [be] published.

((WN)) How was the new species discovered?

AM: By a very funny coincidence actually. In 2010, I went to Madagascar for a long trip through the south of the island, in the semi-arid bush for collecting lizards and snakes samples. Then, during the last days, just before coming back to Germany, I have visited by coincidence the zoological collection of the University of Antananarivo. In that place, I found an old jar of ethanol with two weird little specimens previously collected by a student who didn’t realize it was something new. Being expert on skinks, I immediately recognised it was something very probably new, very different from all the other known species.

((WN)) What does “Sirenoscincus” stand for?

AM: I am not the author of the genus name Sirenoscincus. This genus name was already existing. It has been described by Sakata and Hikida (two Japanese herpetologists). “Sireno” means mermaid. “Scincus” means skinks, a group of little lizards on which I am particularly focusing my studies. So, Sirenoscinus means “mermaid skink”, in reference to [the] fact it has forelimbs but no hindlimbs.

((WN)) How deep underground do the lizards live?

AM: Hard to answer this question because nothing is known on the ecology of this species. But more reasonably, we can hypothesize, by comparison to similar species of skinks, that it is probably living just under the sand surface, [a] few centimeters deep, probably no more, or below [a] rock, leaf litter, or piece of dead wood.

((WN)) What do the lizards eat?

AM: Again, by analogy, I would say most likely small invertebrates (insects, larvae, worms etc…).

((WN)) What equipment was used during the research?

AM: Classic equipment (microscope) and also a state-of-the-art device: a micro CT-scan. It is a big device producing [a] 3D picture of the internal structure without damaging the specimen. It is actually very similar to the scanner used in human medicine, but this one is specially designed for small specimens. Otherwise, I am currently studying the DNA of this species and closely related species in order to determine its phylogenetic position compared to other species with legs, in order to learn more about the evolutionary phenomena leading to limb loss.

((WN)) There are several news sources that have a photo of the species. Is it a photo as seen in a CT-scan?

AM: No, this picture showing a whitish specimen on a black background is not a CT-scan. It is a normal photograph of the collection specimen preserved in alcohol (the one that was in the jar). You can see the complete of picture (including CT-scan 3D radiography, drawing…) in the original scientific publication.

((WN)) Do you know when the newly discovered mermaid skink species was put into the jar? Do you have its photo (of the jar)?

AM: No, I have no picture of the jar. The specimen has been collected in November 2004.

((WN)) What were the roles of the people involved in the research? What activity was most time-consuming?

AM: As first investigator, I did most of the work…and the longest part of the work was to examine closely related species in order to do comparisons…and also to check the complete bibliography related to this topic and to write the paper.
Mrs Anjeriniaina is the student who […] collected the specimen a couple of years ago.
Mrs Hipsley and Mr Müller learnt me how to use the CT-scan, and helped me concerning some point relative to internal morphology. Mr Vences helped me as supervisors. Additionally, all of them have corrected the article, and gave me many relevant advices and corrections, thus improving the quality and the reliability of the paper.

((WN)) Did you get in touch with an external entity to get the new species officially recognised?

AM: No. In zoology, it is only needed to publish the description of a new species (and to give it a name) in a scientific journal, and to designate a holotype specimen (= specimen that will be the official reference for this species), to get this new species “officially” recognised by the scientific community. That does not mean that this new species is “correct” (it might be invalidated by subsequent counter-studies), but that means that this discovery and the new name of [the] species are officially existing.

((WN)) Are there any further plans on exploring the species habitat and lifestyle?

AM: No, not really for the time being, because ecology is not our field of expertise. But other studies (including molecular studies) are currently in progress, in order to focus on the phylogenetic position and the evolution of this species.

GM recalls 1.3 million cars over steering issues

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Posted by | Posted in Uncategorized | Posted on 15-05-2019

Wednesday, March 3, 2010

General Motors (GM) announced on Tuesday a recall of 1.3 million Chevrolet and Pontiac cars in the US, Mexico, and Canada over problems with the power steering system.

Recalling these vehicles is the right thing to do for our customers’ peace of mind

The models, the 2005–2010 Chevrolet Cobalt and 2007–2010 Pontiac G5 in the US, the 2005–2006 Pontiac Pursuit in Canada and the 2005–2006 Pontiac G4 in Mexico, were affected by a fault that causes the power steering in the vehicles to fail. The company says that cars can still be safely controlled even after the loss of power steering, although more effort to turn the car would be required.

GM is currently working on developing a fix for the problem, after having conducted an internal investigation for more than a year, beginning last January. In addition to GM’s investigation, the National Highway Traffic Safety Administration also conducted an investigation on the Cobalt, which began in January 2010. The investigation was begun after more than a thousand complaints about the model were received by the agency, including reports of 14 crashes caused by the fault. GM contacted the NHTSA about the problem on Monday.

GM blamed the issues on an external supplier partially owned by Toyota, another company currently in the process of a major recall of more than eight million vehicles. According to GM vice-chairman Bob Lutz, the supplier, which was not named, had not met “all requirements for reliability and durability.” In his comments, given at the Geneva Motor Show, Lutz also said that financial responsibility for the recalls had yet to be determined.

Police report drug haul seizure worth up to £30 million in Brownhills, England

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Posted by | Posted in Uncategorized | Posted on 15-05-2019

Monday, December 2, 2013

Police in the West Midlands in England today said nearly 200 kilograms worth of drugs with value possibly as great as £30 million (about US$49 million or €36 million) has been seized from a unit in the town of Brownhills. In what an officer described as “one of the largest [seizures] in the force’s 39 year history”, West Midlands Police reported recovering six big cellophane-wrapped cardboard boxes containing cannabis, cocaine, and MDMA (“ecstasy”) in a police raid operation on the Maybrook Industrial Estate in the town on Wednesday.

The impact this seizure will have on drug dealing in the region and the UK as a whole cannot be underestimated

The seized boxes, which had been loaded onto five freight pallets, contained 120 one-kilogram bags of cannabis, 50 one-kilogram bags of MDMA, and five one-kilogram bricks of cocaine. In a press release, West Midlands Police described what happened after officers found the drugs as they were being unloaded in the operation. “When officers opened the boxes they discovered a deep layer of protective foam chips beneath which the drugs were carefully layered”, the force said. “All the drugs were wrapped in thick plastic bags taped closed with the cannabis vacuum packed to prevent its distinctive pungent aroma from drawing unwanted attention.” Police moved the drugs via forklift truck to a flatbed lorry to remove them.

Detective Sergeant Carl Russell of West Midlands Police’s Force CID said the seizure was the largest he had ever made in the 24 years he has been in West Midlands Police and one of the biggest seizures the force has made since its formation in 1974. “The impact this seizure will have on drug dealing in the region and the UK as a whole cannot be underestimated”, he said. “The drugs had almost certainly been packed to order ready for shipping within Britain but possibly even further afield. Our operation will have a national effect and we are working closely with a range of law enforcement agencies to identify those involved in this crime at whatever level.”

Expert testing on the drugs is ongoing. Estimates described as “conservative” suggest the value of the drugs amounts to £10 million (about US$16.4 million or €12 million), although they could be worth as much as £30 million, subject to purity tests, police said.

Police arrested three men at the unit on suspicion of supplying a controlled drug. The men, a 50-year-old from Brownhills, a 51-year-old from the Norton area of Stoke-on-Trent in Staffordshire, and one aged 53 from Brownhills, have been released on bail as police investigations to “hunt those responsible” continue. West Midlands Police told Wikinews no person has yet been charged in connection with the seizure. Supplying a controlled drug is an imprisonable offence in England, although length of jail sentences vary according to the class and quantity of drugs and the significance of offenders’ roles in committing the crime.

On the campaign trail, March 2012

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Posted by | Posted in Uncategorized | Posted on 14-05-2019

Wednesday, April 4, 2012

The following is the fifth in a monthly series chronicling the U.S. 2012 presidential election. It features original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail, a politician from outside the fifty states receives significant mention as a potential Republican Party vice presidential nominee, Wikinews gets the reaction of three Democratic Party candidates after the party strips delegates from two of their fellow challengers, and a minor third party removes its presidential nominee for fraud.

Contents

  • 1 Summary
  • 2 Might the GOP VP nominee come from Puerto Rico?
  • 3 Democratic Party strips delegates
  • 4 Party removes presidential nominee
  • 5 Related articles
  • 6 Sources