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Iran hangs billionaire over $2.6b bank fraud

Posted on May 24th, 2014 at 22:56 by John Sinteur in category: Robber Barons

[Quote]:

A billionaire businessman at the heart of a $2.6 billion state bank scam, the largest fraud case since the country’s 1979 Islamic Revolution, was executed Saturday, state television reported.Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran, the station reported. The report said the execution came after Iran’s Supreme Court upheld his death sentence.

[..]

The fraud involved using forged documents to get credit at one of Iran’s top financial institutions, Bank Saderat, to purchase assets including state-owned companies like major steel producer Khuzestan Steel Co.

Khosravi’s business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.

A total of 39 defendants were convicted in the case. Four received death sentences, two got life sentences and the rest received sentences of up to 25 years in prison.


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Comments:

  1. I can think of a lot of our “buseness” persons who could be dealt with in a similar matter. The Koch brothers come to mind…

  2. It’s always been the role of the 1% to lead and pillage as recompense. Iran should be careful to not threaten the status quo.

Comcast Employing 40 Lobbying Firms to Get Merger Approved

Posted on May 24th, 2014 at 14:27 by John Sinteur in category: News

[Quote]:

Since the start of the year, Comcast has employed thirty-three different lobbying firms in their assault on DC in the hopes of getting their $45 billion acquisition of Time Warner Cable approved. According to The Hill, the total of employed Comcast lobbying firms has soared to forty, most employing former government officials with ties to regulators. Comcast PACs have given money to all but three members of the Senate Judiciary Committee reviewing their merger application, and donated to 32 of the 39 members of the House Judiciary Committee that recently held hearings on the merger. If that sounds overwhelming don’t worry: Comcast insists they’re lobbying government for you, the people.


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Capture image via captureStillImageAsynchronouslyFromConnection with no shutter sound

Posted on May 24th, 2014 at 14:16 by John Sinteur in category: Apple, Software

Brilliant!


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‘Stunning’ Data Proves, Yet Again, Housing The Homeless Would Actually Save Taxpayers Big Time

Posted on May 24th, 2014 at 14:13 by John Sinteur in category: News

[Quote]:

Letting homeless people sleep on the streets has never made sense morally. Now, more evidence has surfaced showing it doesn’t make much sense financially either.


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Comments:

  1. It’s not about money.

Rick Santorum Says He Will Die To Stop Gay Marriage

Posted on May 24th, 2014 at 12:31 by John Sinteur in category: News

[Quote]:

Rick Santorum says he will die in order to stop gay marriage from happening in America. In perhaps his most-revealing interview yet, Santorum, who is polling between1% and 5%, says that the future of the family is at stake, and he is literally willing to give his life to ensure traditional marriage is the only marriage possible.

I won’t believe it until I see the death certificate. The long form.


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Comments:

  1. In a box with a rose between his teeth… :-)

  2. I hate to be callous, but if he sincerely believes that he should save everyone the trouble and drop dead.

    (I lied about hating to be callous.)

As Publishers Fight Amazon, Books Vanish

Posted on May 24th, 2014 at 11:47 by John Sinteur in category: Amazon, Apple

[Quote]:

Amazon’s power over the publishing and bookselling industries is unrivaled in the modern era. Now it has started wielding its might in a more brazen way than ever before.

Seeking ever-higher payments from publishers to bolster its anemic bottom line, Amazon is holding books and authors hostage on two continents by delaying shipments and raising prices. The literary community is fearful and outraged — and practically begging for government intervention.

“How is this not extortion? You know, the thing that is illegal when the Mafia does it,” asked Dennis Loy Johnson of Melville House, echoing remarks being made across social media.

Amazon is, as usual, staying mum. “We talk when we have something to say,” Jeffrey P. Bezos, the founder and chief executive, said at the company’s annual meeting this week.

It’s a good thing the Justice Department fixed the ebook antitrust issues. Perhaps they need to punish Apple some more to take care of this?


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Solar Panels Drain the Sun’s Energy, Experts Say

Posted on May 24th, 2014 at 8:06 by Desiato in category: Can you Trump this?, Funny!

[Quote]:

Scientists at the Wyoming Institute of Technology, a privately-owned think tank located in Cheyenne, Wyoming, discovered that energy radiated from the sun isn’t merely captured in solar panels, but that energy is directly physically drawn from the sun by those panels, in a process they refer to as “forced photovoltaic drainage.”

(…)

The study was commissioned in August 2011 by the Halliburton corporation, who wanted to learn if the energy giant should start manufacturing and selling solar panels domestically and internationally. Halliburton’s executives wanted to know more about the sustainability of solar energy and how photovoltaic technology might evolve over the next ten years. But based on the findings of WIT’s research in the field, Halliburton revealed on Friday that they will not be entering the solar energy market.

“Solar panels destroying the sun could potentially be the worst man-made climate disaster in the history of the world, and Halliburton will not be taking part in that,” the company stated in a press release issued Friday morning. “It’s obvious, based on the findings of this neutral scientific research group, that humans needs to become more dependent on fossil fuels like oil and coal, not less. Because these so-called `green technologies’ are far more dangerous to the Earth than any hydrofracking operation or deep-water drilling station. What good is clean air when our very sun is no longer functional?”

The Onion, move over!


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Comments:

  1. The site that ran the story doesn’t seem to be a satire site like the Onion. It’s full of crazy stories (Obama running for a third term?) but it seems to take it seriously.
    In short, it’ll quickly become the go-to site for Right-wingers…

    Draining the sun indeed…

  2. I suspect that in the case of this place, “think tank” is a misnomer.

  3. Experts? Expert at what, generating nonsensical reports about stuff they are totally incompetent at? “If only I had a drain…” – or is that “brain”?

  4. @Spaceman: Experts at draining money out of rich twits. Pretty good work if you can get it.

  5. Subtlety makes for good satire.
    http://en.wikipedia.org/wiki/National_Report

  6. Come on: Wyoming Institute of Technology WIT – pronounced “whit”