UNITED STATES: ‘ Ex-Virginia Governor Bob McDonnell and his Wife Convicted on Charges of Corruption, Fraud and Bribery ‘

#AceBreakingNewsUNITED STATES (Richmond) – September 04 – Former Virginia Governor Bob McDonnell and his wife Maureen have been convicted on a range of corruption, fraud and bribery charges, after the couple accepted more than $165,000 of gifts and loans from a businessman.


The jury's decision marks a stunning fall from grace for the former Republican governor, who once was considered a possible running mate for presidential candidate Mitt Romney in 2012.

Both Bob and Maureen McDonnell bowed their heads and wept as a stream of “guilty’s” kept coming from the court clerk.

The governor was accused of doing favours for a wealthy vitamin executive, Jonnie Williams, in exchange for the gifts and loans. The husband and wife were found guilty on most counts against them.

A federal jury in Richmond convicted Bob McDonnell of 11 of the 13 counts he faced; Maureen McDonnell was convicted of nine of the 13 counts she had faced.

Sentencing was scheduled for Jan. 6. Both bowed their heads and wept as a chorus of “guilty” kept coming from the court clerk.

#ANS2014

#bob-mcdonnell, #jonnie-williams, #maureen-mcdonnell, #mitt-romney, #running-mate, #united-states, #virginia

#Obama : “Playing the `Race Card’ Makes the President `Unpopular’ or is it `Something’ Else”

#AceGuestNews says Obama Says Race May be why he is unpopular

Posted by shaun gibson on January 23, 2014

Obama-Race-Card

Remember this blog here I did? `News and Views

Where I said I had researched Obama did not like white people? Well it seems the race cards are flying around just now. AGAIN for those who don’t pay attention I am from Scotland I tell news, I have no leaning towards Red or Blue, left or right, I just tell it as it is, without disrespecting people and I tell it with PROOF MANY REFUSE to want to read. At the bottom here I will leave some Links. It sure seems to me that Race can ONLY be discussed when Mr Obama mentions it, anyone else does, they are white racists. And I notice this ALL the way over here in Scotland where we have the internet and TV, running water and EVEN Electricity!

Reply from one person on a forum I spend a little time on and from where I stand I believe it is a fair answer to what Obama is saying:

Mr.President, most people don’t care for you due to your policies and lack of leadership
Many young adults think #Obamacare is a sham and have little to no confidence in you as a leader

Despite your Godly view of yourself, not every one focuses on your skin colour
You Sir seem to love to play the race card however

Besides, in case you forgot, which you seem to a lot lately, you are bi-racial
You know, half white and half black
You just seem to acknowledge the ‘black’ half

So, while you evidently can’t handle criticism Mr.Obama, it’s because of you as a person, not because you’re black

Remember, ALL presidents are criticized
You are nothing special, so don’t act like you are

Obama:

President Barack Obama said that racial tensions may have softened his popularity among white voters within the last two years, according to a story posted on the New Yorker magazine’s website today.

“There’s no doubt that there’s some folks who just really dislike me because they don’t like the idea of a black president,” Obama said in the article by David Remnick, appearing in the magazine’s Jan. 27 edition.

“Now, the flip side of it is there are some black folks and maybe some white folks who really like me and give me the benefit of the doubt precisely because I’m a black president,” Obama said in his most direct comments on how race has affected his political standing since he’s been in office.

Obama’s second term has been marked by controversies including a partial government shutdown in October, revelations that the National Security Agency has gathered personal mobile phone data and the troubled rollout of health-insurance expansion.

Obama’s approval rating among all voters is 39 percent and his disapproval rating is 53 percent, according to a Gallup Poll conducted Jan. 14-16. In the 2012 presidential election, Republican candidate Mitt Romney won 59 percent of the white vote, compared with Obama’s 39 percent, according to exit polling by a consortium of major news outlets. Obama won 43 percent of the white vote in 2008 against 55 percent for opponent John McCain, a Republican senator from Arizona.

#Obamacare Blamed

“Poll after poll makes it very clear that #Obamacare and other job-killing policies are the reason” for the president’s decline in popularity, Republican National Committee spokesman Sean Spicer said in a phone interview today.

Obama offered reflections on a variety of subjects in the New Yorker story, including his view about the dangers of playing professional football, which has been the subject of media scrutiny over players’ head injuries.

“I would not let my son play pro football,” the article quotes Obama, the father of two daughters, as saying. When asked by Remnick how those dangers squared with his enjoyment of the game as a spectator, Obama said professional players are aware of the inherent risk in playing a full-contact sport.

Like Smokers

“They know what they’re buying into,” Obama said. “It is no longer a secret. It’s sort of the feeling I have about smokers, you know?”

Obama acknowledged that reports of U.S. surveillance programs, including allegations that the government tapped German Chancellor Angela Merkel’s mobile phone, had created a “breach of trust,” Remnick reported.

Obama said he also assumes others are trying to spy on him, and for this reason he doesn’t have a phone, according to The New Yorker.

He said, “there are European governments that we know spy on us, and there is a little bit of Claude Rains in ‘Casablanca’ — shocked that gambling is going on,” the magazine quoted him as saying, referring to the actor who played the police captain in the 1942 movie.

Ace Related News: 

http://www.thestate.com/2014/01/13/3204492/anti-obama-mood-hurts-dems-in.html

http://www.nationaljournal.com/politics/republicans-hoping-obama-s-unpopularity-yields-upset-in-west-virginia-governor-s-race-20110929

http://townhall.com/tipsheet/danieldoherty/2014/01/20/obama-perhaps-racism-has-something-to-do-with-my-low-approval-ratings-n1781546

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#aceguestnews, #aceguestviews, #barack-obama, #david-remnick, #john-mccain, #mitt-romney, #national-security-agency, #new-yorker, #obama, #race-card

AP Exclusive: Romney Uses Secretive Data-Mining

English: Weka Data Mining Open Software in Java

English: Weka Data Mining Open Software in Java (Photo credit: Wikipedia)

For the data-mining project, the Republican candidate has quietly employed since at least June a little-known but successful analytics firm that previously performed marketing work for a colleague tied to Bain & Co., the management-consulting firm that Romney once led.

Read more: http://swampland.time.com/2012/08/24/ap-exclusive-romney-uses-secretive-data-mining/#ixzz24fHsvFoc

WASHINGTON Mitt Romney is heading into the last three months of the campaign with far more cash at his disposal than a sitting president known for his fund-raising prowess, a scenario that presents the Republican’s Boston-based campaign with a series of strategic and tactical opportunities that could offer a crucial difference as he enters the final stretch of a race expected to be razor-close.

The growing financial advantage, one that would have been hard to predict several months ago, comes after months of hoarding money as President Obama’s campaign spent heavily on television ads trying to brand Romney early in the minds of voters.

Background:

Romney was restless for a company of his own to run, and in 1983, Bill Bain offered him a new venture that would buy into companies and allow the venture’s partners to reap higher rewards than consulting fees.He initially refrained from accepting the offer, but Bain re-arranged the terms in a complicated partnership structure so that there was no financial or professional risk to Romney.In 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital.

private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyoutventure capital, and growth capital. Often described as afinancial sponsor, each firm will raise funds that will be invested agree one or more specific investment strategies.

Data Mining:  

The real data mining task is the automatic or semi-automatic analysis of large quantities of data to extract previously unknown interesting patterns such as groups of data records (cluster analysis), unusual records (anomaly detection) and dependencies (association rule mining). This usually involves using database techniques such as spatial indexes. These patterns can then be seen as a kind of summary of the input data, and may be used in further analysis or, such as, in machine learning and predictive analytics. For example, the data mining step might identify multiple groups in the data, which can then be used to obtain more accurate prediction results by a decision support system. Neither the data collection, data preparation, nor result interpretation and reporting are part of the data mining step, but do belong to the overall KDD process as additional steps.

Michael Milken:  

The mission of the Institute, founded in 1991 by financier and philanthropist Michael Milken, is “to improve the lives and economic conditions of diverse populations in the United States and around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity.”

Operations:

The Milken Institute has published studies relating to human capital, access to capital, financial structures and innovations, regional economics, healthcare economics and medical research. It hosts a series of conferences including two annual conferences, a variety of financial innovations labs, and a series of forums and private events. The Milken Institute Global Conference, first held in 1998, is an annual forum focused on economic and social issues. Among the speakers at the conference include figures from the areas of business, finance, government, education and sports. The institute also hosts an annual State of the State Conference, which examines major issues facing the state of California.

Connection: 

J.P. Morgan & Co. was founded in New York in 1871 as Drexel, Morgan & Co. by J. Pierpont Morgan and Philadelphia banker Anthony J. Drexel, founder of what is now Drexel University.[2] The new merchant banking partnership served initially as an agent for Europeans investing in the United States.

Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employeeMichael Milken. At its height, it was the fifth-largest investment bank in the United States.

Milken was indicted on 98 counts of racketeering and securities fraud in 1989 as the result of an insider trading investigation. After a plea bargain, he pled guilty to six securities and reporting violations but was never convicted of racketeering or insider trading. Milken was sentenced to ten years in prison and permanently barred from the securities industry by the Securities and Exchange Commission. After the presiding judge reduced his sentence for cooperating with testimony against his former colleagues and good behavior, he was released after less than two years.

Milken’s compensation, while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s, exceeded $1 billion in a four-year period, a new record for US income at that time.Drexel went bankrupt in 1990. With an estimated net worth of around $2 billion as of 2010, he is ranked by Forbes magazine as the 488th richest person in the world.Much of that wealth comes from his success as a bond trader; he only had four losing months in 17 years of trading.

#bain-company, #data-mining, #drexel-burnham-lambert, #michael-milken, #milken-institute, #mitt-romney, #romney, #united-states