Mainstream News

China’s beverage billionaire Zong Qinghou victim of knife attack

"Multi-billionaire Zong Qinghou, China’s second richest man, was attacked and injured by a would-be job applicant wielding a knife, official media said Wednesday. Zong, China’s richest man until he was dethroned last week, is chairman of the country’s leading beverage producer Wahaha Group. Forbes magazine estimates his personal wealth at $11 billion, second only to Wang Jianlin, head of conglomerate Wanda Group, on $14 billion. Zong started his business in 1987 on a tricycle selling soft drinks and ice cream and built Wahaha into one of the top 500 private firms in China, according to the company’s website." Continue reading →

Continue ReadingChina’s beverage billionaire Zong Qinghou victim of knife attack

Cop fired 12 shots, hit unarmed man 10 times, Charlotte police say

"Jonathon Ferrell, a 24-year-old North Carolina man, suffered a severe late-night car crash. His car slipped into a ravine. He had to kick his way out the back windshield. He managed to get out of the car and go to a nearby home, where he knocked on the door repeatedly for help. When police arrived, he approached them -- and one shot him repeatedly, killing him on the spot. Now the officer is charged with manslaughter. Police say he had no cause to shoot Ferrell." Continue reading →

Continue ReadingCop fired 12 shots, hit unarmed man 10 times, Charlotte police say

SF Police shut down chess games on Market Street

"For more than 30 years, chess games have been a staple in the Mid-Market neighborhood. But earlier this month, the San Francisco Police Department confiscated the playing equipment, chairs and tables where dozens of people, mostly homeless, would gather every day to play between Fifth and Sixth streets. 'It’s turned into a big public nuisance,' said Capt. Michael Redmond. Redmond said the players’ property will eventually be released back to them and he hopes to help work out a plan for chess in the future — but that may involve convincing a business to pay for a permit so games can be played on the sidewalk." Continue reading →

Continue ReadingSF Police shut down chess games on Market Street

US poverty rate steady at 15 percent, but ‘lower class’ is booming

"The share of those who identify themselves as 'lower class' – at 8.4 percent – now stands at its highest level in four decades, according to separate data released this week from the long-running General Social Survey (GSS). Just as surprising, the share of college graduates who describe themselves as lower class has jumped from 2.6 percent in 2002 to 5.8 percent in 2012. According to the GSS, only 55 percent of Americans these days believe things will get better for themselves and their kids – a rather paltry number for a country built on the notion that everyone has an equal chance to get ahead." Continue reading →

Continue ReadingUS poverty rate steady at 15 percent, but ‘lower class’ is booming

With the end of Fed’s QE in sight, U.S. public says ‘Huh?’

"The Fed's $2.8 trillion 'quantitative easing' program has, among other things, lifted stock prices to record highs, driven interest rates to record lows and put a floor under what had been a reeling housing market. Yet barely a quarter of Americans even know what it is. A poll leading up to the Fed's pivotal decision, expected Wednesday afternoon, found just 27 percent of U.S. adults could pick the correct definition of quantitative easing from among five possible answers." Continue reading →

Continue ReadingWith the end of Fed’s QE in sight, U.S. public says ‘Huh?’

World’s first ‘invisible’ skyscraper planned for South Korea

"Architects in South Korea are going to need one big invisibility cloak. Seoul will soon add a 1,476-foot tower to its skyline, you just may not be able to see it. The international architectural firm GDS Architect received the green light to begin building the 'world's first invisible tower.' The glass-encased Tower Infinity will use cameras to snap real-time pictures of the area directly behind the building and project them back onto the building's reflective surface. This will create the illusion that viewers are looking straight through the building." Continue reading →

Continue ReadingWorld’s first ‘invisible’ skyscraper planned for South Korea

U.S. to seize New York skyscraper it claims is secretly owned by Iran

"A federal judge ruled in favor of the government’s suit this week, saying the building’s owners had violated Iran sanctions and money laundering laws. Manhattan Federal Prosecutor Preet Bharara said the decision upholds the justice department claims the owner of the building 'was (and is) a front for Bank Melli, and thus a front for the Government of Iran.' Bharara said the funds from selling the building would provide 'a means of compensating victims of Iranian-sponsored terrorism.' Prosecutors allege the building’s owners, the Alavi Foundation and Assa Corporation, transferred rental income and other funds to Iran’s state-owned Bank Melli." Continue reading →

Continue ReadingU.S. to seize New York skyscraper it claims is secretly owned by Iran

Young Greeks Helping Each Other to Combat Crisis

"The political class may have set the rules, but almost everyone adhered to them. Now the game is over, and there is no money left for fakelaki and rousfeti, corruption and nepotism, two basic principles of Greek political life until now. Suddenly there is room for those who want to set up new rules, and who want change and more cooperation. Some 3,000 initiatives were established throughout Greece in the last three years. They all have the same goal: to do things better than before. There are food cooperatives, community gardens, social pharmacies and neighborhood assistance programs for the poor. In Crete alone, there are now five alternative currencies." Continue reading →

Continue ReadingYoung Greeks Helping Each Other to Combat Crisis

Underground — And Illegal — NYC Dinner Parties

"It may look like a dinner party, but it’s really an underground supper club. The diners are a mix of New Yorkers and tourists. CBS 2’s undercover cameras captured one experience — eight people who didn’t know each other eating a meal in a stranger’s home. That hostess, Naama Shafi, writes about food but is not a chef. Leitner found her through a website, which connects amateur foodies and professional chefs in 20 different countries with people who want unique dining experiences. Clandestine dinner parties like the one Leitner attended are completely unregulated. If caught hosting an underground dinner party, the hosts could be fined $2,000 and ordered to shut down." Continue reading →

Continue ReadingUnderground — And Illegal — NYC Dinner Parties

California poised to become first state to impose full ban on lead bullets

"California is on the verge of becoming the first state to impose a full ban on hunting with lead bullets -- with environmentalists and gun-rights advocates squaring off as Gov. Jerry Brown decides whether to sign the legislation. The state already has a ban on lead-bullet hunting in eight counties with an endangered condor population. But the new proposal, overwhelmingly approved this month by the Democrat-controlled General Assembly, would impose a statewide ban on all hunting. Democratic Gov. Jerry Brown has until Oct. 12 to decide whether to sign the legislation, which would not be fully implemented for at least several years." Continue reading →

Continue ReadingCalifornia poised to become first state to impose full ban on lead bullets