Shaw Capital Management Financial News: Warning to Victims: 8 charged in alleged $40 million fortune-telling scam

http://shawcapitalmanagementfinancialnews.com/

FORT LAUDERDALE, Fla. — Prosecutors say a family amassed $40 million in a fortune-telling scam, warning victims that if they didn’t follow their advice, terrible things would happen to them or their loved ones.

Details spilled out in federal court Friday after eight people were arrested earlier this week.

Assistant U.S. Attorney Laurence Bardfeld said victims who were going through vulnerable phases forked over cash, gold coins and jewelry. The defendants promised victims they wouldn’t spend the money, but then refused to return it.

The Sun Sentinel reported that one victim, a bestselling author, gave an estimated $20 million.

Citing “several sources,” the newspaper identified that victim as Jude Deveraux, author of dozens of New York Times bestsellers.

‘Operation Crystal Ball’
Authorities started investigating in 2007 after a victim complained about losing $3,000.

The Sun Sentinel said other alleged victims included a person from Japan who handed over $496,000.

According to NBCMiami, the multi-agency, multi-state investigation was dubbed “Operation Crystal Ball.”

An attorney for one family member said the clan provided counseling for victims who had nowhere to turn.

The Associated Press and msnbc.com staff contributed to this report.

Blog-Shaw Capital Management News: U.S. Air Force’s Second Missile Warning Satellite Completes Major Environmental Test at Lockheed Martin

http://blog.shawcapitalmanagement-news.com/2011/08/17/blog-shaw-capital-management-news-u-s-air-forces-second-missile-warning-satellite-completes-major-environmental-test-at-lockheed-martin/

http://www.prnewswire.com/news-releases/us-air-forces-second-missile-warning-satellite-completes-major-environmental-test-at-lockheed-martin-127827248.html

SUNNYVALE, Calif., Aug. 16, 2011 /PRNewswire/ – Lockheed Martin (NYSE: LMT) has successfully completed acoustic testing of the second Space Based Infrared System (SBIRS) geosynchronous (GEO-2) spacecraft.

The U.S. Air Force’s SBIRS satellites provide the nation with significantly improved missile warning capabilities and simultaneously support other critical missions including missile defense, technical intelligence and battlespace awareness.

During acoustic testing, the fully integrated GEO-2 spacecraft was paced through the maximum sound and vibration levels expected during launch into orbit. Acoustic and pyroshock testing are among several critical environmental test phases that validate the overall satellite design, quality of workmanship and survivability during space vehicle launching and on-orbit operations. GEO-2 will now undergo thermal vacuum testing, which will validate its performance at temperature extremes greater than those expected during on-orbit operations.

“SBIRS GEO-2 is progressing very smoothly on the path to delivery, and successful acoustic testing of the space vehicle is indicative of the team’s increasing expertise in fielding SBIRS spacecraft,” said Col Scott Larrimore, Chief of the U.S. Air Force’s SBIRS Space Division.  ”Our dedicated government and industry SBIRS team is focused on executing an efficient and thorough environmental test phase and ultimately delivering the much needed capabilities SBIRS GEO-2 will bring to our warfighter.”

The first geosynchronous (GEO-1) SBIRS satellite was launched May 7, and has since reached orbit, deployed its instruments and activated its sophisticated infrared sensors. GEO-1 is performing as expected, and is now undergoing early orbit testing. GEO-2 is on track to be delivered and available for launch in spring 2012.

“Leveraging expertise gained from GEO-1, our SBIRS team executed a very smooth acoustic testing phase on GEO-2,” saidDave Sheridan, Lockheed Martin’s SBIRS deputy program director. “We understand the importance of the SBIRS system and are committed to delivering GEO-2 efficiently and affordably for our customer.”

The SBIRS team is led by the Infrared Space Systems Directorate at the U.S. Air Force Space and Missile Systems Center.Lockheed Martin is the SBIRS prime contractor, with Northrop Grumman as the payload integrator. Air Force Space Commandoperates the SBIRS system.

Lockheed Martin’s original SBIRS contract includes HEO payloads, two geosynchronous orbit (GEO) satellites, as well as ground-based assets to receive and process the infrared data. The team is also under a follow-on production contract to deliver additional HEO payloads and the third and fourth GEO satellites, and associated ground modifications.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s 2010 sales from continuing operations were $45.8 billion.

FINANCIAL NEWS: Shaw Capital Management Financial News: Gold Extends Rally to Record as Fed to Maintain Low Rates Through Mid-2013

http://www.zimbio.com/shaw+capital+management/articles/_X_mEsR1KG_/FINANCIAL+NEWS+Shaw+Capital+Management+Financial

http://www.bloomberg.com/news/2011-08-09/gold-extends-advance-to-record-as-equity-oil-rout-spurs-demand-for-haven.html

By Debarati Roy - Aug 9, 2011 1:04 PM PT

Gold futures advanced, extending a rally to a record for the second straight day, as the Federal Reserve pledged to keep its benchmarkinterest rate low at least through mid-2013.

Gold retreated from the settlement after equities rallied as investors studied today’s Fed policy statement. The metal has jumped 45 percent in the past year following bond buybacks by the central bank during two rounds of so-called qualitative easing, combined with the lowest borrowing costs ever.

“The anxiety premium for gold remains,” Adam Klopfenstein, a senior strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview. “People are disappointed that there was no mention of QE3, but the statement shows that the government is not willing to go too excessive to stimulate the economy.”

Gold futures for December delivery advanced $29.80, or 1.7 percent, to close at $1,743 an ounce at 1:49 p.m. on the Comex in New York. Earlier, the price reached a record $1,782.50. The metal topped $1,780 in electronic trading after the Fed statement and traded at $1,740.10 at 4:03 p.m.

Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent. The Federal Open Market Committee discussed a range of policy tools to bolster the economy and said it is “prepared to employ these tools as appropriate.”

U.S. Debt

Yesterday, gold surged 3.7 percent, the most since March 2009, afterStandard & Poor’s cut the U.S. credit rating by one level from the top AAA grade. The S&P announcement spurred a rout in global equities and stoked concern that the U.S. may lapse into another recession.

Silver futures for September delivery fell $1.497, or 3.8 percent, to close at $37.883 an ounce on the Comex.

Platinum futures for October delivery climbed $32.80, or 1.9 percent, to $1,756.40 an ounce on the New York Mercantile Exchange. For the first time since 2008, gold traded at a premium to the metal used mostly in catalytic converters in vehicles. This year, platinum has dropped 1.2 percent, while gold has surged 23 percent.

Palladium futures for September delivery advanced $6.05, or 0.8 percent, to $734.55 an ounce on the Nymex.

To contact the reporters on this story: Debarati Roy in New York atdroy5@bloomberg.net

To contact the editor responsible for this story: Steve Stroth atsstroth@bloomberg.net.

Shaw Capital Management Financial News

http://www.widepr.com/company_profile/5722/shaw_capital_management_financial_news.html


About Shaw Capital Management Financial News

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Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Before Shaw Capital launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).

Today, virtually all investors faced with the challenge of managing a significant pool of capital can access open architecture advice.

A true open architecture firm is completely independent of the rest of the financial services industry and accepts compensation only from its clients.

In addition, open architecture firms must make the financial commitment to hire only the most experienced advisors, and those advisors must apply their experience to the issues that will most affect their clients' wealth.

Matters like asset allocation and manager search are simply too important to be left in the hands of young analysts.

We are proud of our role in leading the open architecture revolution, and look forward to introducing you to its benefits.

Shaw Capital Management Financial News

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Shaw Capital Management World Financial News:World Population Forecast to Hit 10.1 Billion by 2100, UN Says

http://pressreleaser.org/shaw-capital-management-world-financial-news-world-population-forecast-to-hit-10-1-billion-by-2100-un-says/1353144

“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.

FOR IMMEDIATE RELEASE

(Free-Press-Release.com) July 04, 2011 — http://www.bloomberg.com/news/2011-05-03/world-population-forecast-to-hit-10-1-billion-by-2100-un-says.html

By Bill Varner - May 3, 2011 8:25 AM PT

The world’s population is likely to grow to 10.1 billion by the end of this century, from the current total of about 7 billion, according to the first United Nations forecast for the year 2100. The projection has “serious implications” for the ability to provide food, water, energy, education and employment for millions of people in the world’s poorest nations, according to Hania Zlotnick, director of the population division of the UN Department of Economic and Social Affairs, which released the report today in New York.

“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.

The UN presented three scenarios, including a less likely “high projection variant” that foresees an increase in the world population to 10.6 billion in 2050 and 15.8 billion in 2100. The lowest projection, also considered unlikely, is based on a reduction in the global birth rate and foresees a decline in the world population to 6.2 billion in 2100. “We are raising the alarm that even though the population of the world has reduced its growth rate enormously, current growth rates are too high,” Zlotnick said. “And you could have even more billions than our most likely scenario. That is where we see a danger.”

To contact the reporter on this story: Bill Varner at the United Nations atwvarner@bloomberg.net

To contact the editor responsible for this story: Mark Silva in Washington atmsilva34@bloomberg.net

Shaw Capital Management Financial News: Gold Extends Rally to Record as Fed to Maintain Low Rates

Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent.

http://www.bloomberg.com/news/2011-08-09/gold-extends-advance-to-record-as-equity-oil-rout-spurs-demand-for-haven.html
By Debarati Roy - Aug 9, 2011 1:04 PM PT
Gold futures advanced, extending a rally to a record for the second straight day, as the Federal Reserve pledged to keep its benchmarkinterest rate low at least through mid-2013.
Gold retreated from the settlement after equities rallied as investors studied today’s Fed policy statement. The metal has jumped 45 percent in the past year following bond buybacks by the central bank during two rounds of so-called qualitative easing, combined with the lowest borrowing costs ever.
“The anxiety premium for gold remains,” Adam Klopfenstein, a senior strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview. “People are disappointed that there was no mention of QE3, but the statement shows that the government is not willing to go too excessive to stimulate the economy.”

Gold futures for December delivery advanced $29.80, or 1.7 percent, to close at $1,743 an ounce at 1:49 p.m. on the Comex in New York. Earlier, the price reached a record $1,782.50. The metal topped $1,780 in electronic trading after the Fed statement and traded at $1,740.10 at 4:03 p.m.
Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent. The Federal Open Market Committee discussed a range of policy tools to bolster the economy and said it is “prepared to employ these tools as appropriate.”

U.S. Debt
Yesterday, gold surged 3.7 percent, the most since March 2009, afterStandard & Poor’s cut the U.S. credit rating by one level from the top AAA grade. The S&P announcement spurred a rout in global equities and stoked concern that the U.S. may lapse into another recession.
Silver futures for September delivery fell $1.497, or 3.8 percent, to close at $37.883 an ounce on the Comex.

Platinum futures for October delivery climbed $32.80, or 1.9 percent, to $1,756.40 an ounce on the New York Mercantile Exchange. For the first time since 2008, gold traded at a premium to the metal used mostly in catalytic converters in vehicles. This year, platinum has dropped 1.2 percent, while gold has surged 23 percent.
Palladium futures for September delivery advanced $6.05, or 0.8 percent, to $734.55 an ounce on the Nymex.
To contact the reporters on this story: Debarati Roy in New York 
To contact the editor responsible for this story: Steve Stroth . 

Shaw Capital Management World Financial News:World Population Forecast to Hit 10.1 Billion by 2100, UN Says

http://pressreleaser.org/shaw-capital-management-world-financial-news-world-population-forecast-to-hit-10-1-billion-by-2100-un-says/1353144

“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.

FOR IMMEDIATE RELEASE

(Free-Press-Release.com) July 04, 2011 — http://www.bloomberg.com/news/2011-05-03/world-population-forecast-to-hit-10-1-billion-by-2100-un-says.html

By Bill Varner - May 3, 2011 8:25 AM PT

The world’s population is likely to grow to 10.1 billion by the end of this century, from the current total of about 7 billion, according to the first United Nations forecast for the year 2100. The projection has “serious implications” for the ability to provide food, water, energy, education and employment for millions of people in the world’s poorest nations, according to Hania Zlotnick, director of the population division of the UN Department of Economic and Social Affairs, which released the report today in New York.

“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.

The UN presented three scenarios, including a less likely “high projection variant” that foresees an increase in the world population to 10.6 billion in 2050 and 15.8 billion in 2100. The lowest projection, also considered unlikely, is based on a reduction in the global birth rate and foresees a decline in the world population to 6.2 billion in 2100. “We are raising the alarm that even though the population of the world has reduced its growth rate enormously, current growth rates are too high,” Zlotnick said. “And you could have even more billions than our most likely scenario. That is where we see a danger.”

To contact the reporter on this story: Bill Varner at the United Nations atwvarner@bloomberg.net

To contact the editor responsible for this story: Mark Silva in Washington atmsilva34@bloomberg.net