nuckin_futz

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nuckin_futz last won the day on June 10 2018

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About nuckin_futz

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    Travel, financial markets,... chicks, cars and the 3rd world war.

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  1. Felicity Huffman gets 14 days in prison in college cheating scandal The actress pleaded guilty in May to paying $15,000 to have her daughter's SAT scores boosted. BOSTON — Actress Felicity Huffman, one of the biggest name caught up in a college-admissions scandal that rocked elite universities around the country, was sentenced to 14 days behind bars on Friday for her role in the sweeping scam. "I am deeply sorry to the students, schools, and universities, that are impacted by my actions," Huffman said while chocking up as she read a prepared statement. The one-time Oscar nominee, who came to court holding hands with her actor husband, William H. Macy, will also have to pay a fine of $30,000 and perform 250 hours of community service under the sentence handed down by U.S. District Judge Indira Talwani. Huffman, 56, pleaded guilty to mail fraud and honest services fraud in May for paying $15,000 to college fixer Rick Singer to cheat on daughter Sophia Grace Macy's SAT in 2017. "I am so sorry Sophia," she said. "I was frightened. I was stupid and I was so wrong. I am deeply ashamed of what I have done." Huffman paid for someone to proctor and correct Sophia’s test and correct it, which resulted in her score jumping 400 points above her PSAT performance to 1420 out of a possible 1600. She was the first parent to be sentenced in the scheme. Prosecutors had wanted Huffman to spend a month in prison, to go along with supervised release and a $20,000 fine. "Most parents have the moral compass not to lie but the defendant did not," prosecutor Eric Rosen said to Talwani at Friday's sentencing. "This was not a blunder or a mistake. This was intentional criminal conduct that took place over 16 months." "In prison, there is no paparazzi. Everyone is the same, everyone wears the same clothes," Rosen said while praising her skills as an actress and ability to find future work. "Prison is the ultimate leveler." Defense lawyers insisted their client's crimes did not merit incarceration, and their argument appeared to get a boost this week when a U.S. Probation and Pretrial Services report found that there was "no victim" or any "actual or intended loss" in Huffman's SAT scam. "She knew what she did was wrong and her moral compass allowed her to realize that," Huffman's lawyer, Martin Murphy, told the judge on Friday. He noted that Huffman's daughter is not going to any school next year. Probation officials said the government was incorrect in setting Huffman’s sentencing range at four to nine months because the amount of money she paid should not be a factor in her sentencing. Huffman should instead be subject to the lowest sentencing guidelines of zero prison time to six months, according to the probation report. The mere fact that prosecutors asked for such little prison time showed that Huffman appeared to be in good position to avoid time behind bars, NBC legal analyst Danny Cevallos said. Huffman's sentence to prison time was also surprising, in comparison to Stanford sailing coach John Vandemoer, who in the same court got only probation when he faced a sentencing-guidelines range of 33 to 41 months behind bars. "Federal courts are under obligation to avoid `unwarranted sentencing disparities,'" Cevallos said. "A sentence of incarceration for Felicity Huffman sure seems like an unwarranted sentencing disparity." Huffman, best known for the TV series "Desperate Housewives" and her Oscar-nominated work in "Transamerica," is the most famous of of 50 people charged in the sweeping college entrance cheating scheme. The FBI probe, dubbed "Operation Varsity Blues" revealed how well-heeled parents paid Singer to get their children into elite universities by boosting their college board test scores or passing them off as top athletes worthy of special admission. Actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, have also been charged. Prominent U.S. universities involved in Singer's scheme included Yale, Georgetown, Stanford and the University of Southern California. In a letter to the judge last week, Huffman admitted to making bad choices because she was worried that her daughter's learning disabilities would hamper the young lady's future. Huffman's husband, Macy, was not charged in "Operation Varsity Blues." https://www.nbcnews.com/news/us-news/felicity-huffman-gets-14-days-prison-college-cheating-scandal-n1054106 ********************************** 2 weeks in the big house. Her financial involvement was $15,000 and she co-operated after getting busted. I wonder what 'Aunt Becky' will get? She was in for $500,000 and has fought this all the way.
  2. Blinded By The Light - 6.5/10 Semi-true Story of a 16 year old British Muslim kid in 1987 who discovers the music of Bruce Springsteen. The movie couldn't seem to figure out if it wanted to be a drama or a musical. It was decent though. If it makes it to Netflix and you like Springsteen it's worth a viewing.
  3. Singer Eddie Money dies at 70 Eddie Money, who went from New York City police officer to one of the most reliable hitmakers of the late '70s and '80s, died today at the age of 70. “The Money family regrets to announce that Eddie passed away peacefully early this morning," reads a statement provided to Variety by his family. "It is with heavy hearts that we say goodbye to our loving husband and father. We cannot imagine our world without him. We are grateful that he will live on forever through his music.” Last month, Money publicly revealed that he had been diagnosed with Stage 4 esophageal cancer and that it had spread to his stomach and liver. Born in Brooklyn as Edward Joseph Mahoney on March 21, 1949, Money came from a family of New York City policemen, and while he had planned to continue in that tradition, he left the force in 1968 after two years, moved to the Bay Area to become a musician and changed his last name. According to his website, he was befriended and managed by the guru of the local scene, Bill Graham, which led to a contract with Columbia Records. A string of hits started with his double platinum 1978 self-titled debut, which included "Baby Hold On" and "Two Tickets to Paradise." His next two albums saw a slight commercial decline, but Money rebounded with 1982's No Control on the strength of "Think I'm in Love" and "Shakin'," which ran into some trouble because of a certain word. "Nobody noticed it," Money said in 2018. "And Bill Graham was so, so pissed off at me because he said that could've been a Top 5 single, and 'You and your sophomoric ****ing bull$&!#, now I can't get it on the radio.' But when I talked to people, they go, 'I loved it when you said that! Wow!'" The relative commercial failure of 1983's Where's the Party, followed by a three-year layoff, nearly signaled the end of Money's hits. Then he got some help from someone who needed a career boost even more than he did: Ronnie Spector hadn't had a Top 40 hit since the Ronettes' "Walking in the Rain" in 1964, but she put her trademark "Be My Baby" purr on "Take Me Home Tonight" and gave Money his biggest-ever hit, reaching No. 4 in 1986. The success was no fluke. Two more singles from Can't Hold Back -- "I Wanna Go Back" and "Endless Nights" -- reached No. 14 and No. 21, respectively; Nothing to Lose from 1988 resulted in two more smashes, "Walk on Water" and "The Love in Your Eyes." Money placed two more hits in the Top 40, 1990's "Peace in Our Time" and 1991's "I'll Get By." Money is survived by his wife Laurie, whom he married in 1989, and their five children, Zachary, Jessica, Joseph, Julian and Desmond. ************************** From NYC cop to rock star. That's quite a life. RIP MoneyMan
  4. Leaked resolution: EU to grant another Brexit extension Thu 12 Sep 2019 15:32:24 GMT Via Business Insider The EU is prepared to grant the UK a third delay to Brexit according to a leaked resolution seen by Business insider. The resolution is said to be offered in order to avoid a no-deal Brexit. This is not really a surprise, since the EU will be willing to drag this out as long as possible. The longer Brexit wrangling goes on, the less chance Britain will have of leaving the EU. Extensions will be granted readily. Link to full article here. https://www.forexlive.com/news/!/leaked-resolution-eu-to-grant-another-brexit-extension-20190912
  5. Interesting thread. Might as well toss in my $.02. My betrayal involves a sibling. It's more of a betrayal of our mother. Though there's plenty of betrayal to go around. There's 3 of us kids and my mother who is the nicest woman you could ever meet. Unfortunately mother has some mental health issues. Long story short is, Mom and Dad (RIP) managed to do pretty good financially speaking and there's some decent assets to be passed down eventually. All three of us kids have managed to do alright money wise so there is no need for squabbling. Sibling #1 is a bit of a nutter about things. While myself and my other sibling are super chill. Mother has one particular asset (a property) which sibling #1 covets. Mom's will always stated everything gets divided three ways. So this certain property's ownership would be divided 3 ways. Well sibling #1 wasn't down with this plan and lobbied hard to be the sole recipient of this property. My 'chill sibling' and I told #1 we'd gladly sell our share to them at a premium (we'd never charge more than market value but we really enjoy winding #1 up and pushing their buttons LOL, We find it very entertaining) #1 freaked out every time this was brought up. And then all of a sudden our efforts to wind #1 up in regards to this issue had zero effect. 'Chill sibling' and I were perplexed, but we figured #1 has done something shady. Back then sibling #1 was the only one of us who had Power of Attorney over our mother. So we figured #1 must have made some arrangement or something to get what they want. Fast forward 7 years and "chill sibling" and I are added as Powers of Attorney over mother. So one day we're talking about this and I remark "you know ma's will is sitting in her safety deposit box at the bank. And as POA's we legally have access". "Chill sibling" grins and replies "Giddy Up" and we're off to the bank to read the will. Just as we suspected. Seven years prior, Sibling #1 took advantage of Ma when she was incapacitated and rewrote her will to #1's specifications in regards to this certain property. Brought a lawyer over to Ma's house and had Ma amend her will. The kicker is Sibling #1 even stuck Ma with the legal bill. We were livid. So 'Chill sibling" and I called #1 out on this and it turned into a sh** show. You'd think when #1 was caught red handed they'd relent and do the right thing. But they just dug their heels in. Chill Sibling and I even had to get our Aunt (ma's sister) involved to read #1 the Riot Act. Our Aunt even said #1 should be tossed as POA due to dereliction of duty. So here we sit 9 months later. The relationship between myself, Chill Sibling and #1 is super strained. I have practically excommunicated #1. We currently only communicate through email. When we had been rather close. Same with Chill sibling and #1. So sooner rather than later we'll have to (with our Aunt's help) get another lawyer involved and have Ma redo her will in accordance with her wishes. You know like how a real will works? Wish me luck. Good times.
  6. 38 year old, female, practicing Hindu. She was never going to be the nominee. This is the USA we're talking about.
  7. How about some good news? Robert Mugabe, former Zimbabwean leader, dies at 95 Top story: Mugabe, from hero to tyrant Robert Mugabe, the former president of Zimbabwe, has died aged 95. The news was announced by the country’s current president, Emmerson Mnangagwa, this morning. It is believed Mugabe died in Singapore, where he had been a frequent visitor to receive medical care in recent months as his health has deteriorated. As far back as November 2018, Mnangagwa, who took over from him as president, told members of the ruling Zanu-PF party that Mugabe could no longer walk. Mugabe was a hero of Zimbabwe’s independence struggle and became the country’s leader in 1978 before his decades-long rule descended into tyranny, corruption and incompetence. Though once widely celebrated for his role in fighting the white supremacist regime in his homeland, known as Rhodesia under colonial rule, Mugabe had long become a deeply divisive figure in his own country and across the continent. His final years in power were characterised by financial collapse, surges of violent intimidation and a power struggle pitting his wife Grace, 41 years younger, against Mnangagwa, his former righthand man. https://www.theguardian.com/world/2019/sep/06/friday-briefing-robert-mugabe-dies-aged-95
  8. The set up you're describing is that of a hedge fund. This should have been clearly explained to you at the beginning. It should be in the paperwork you signed. They cannot co-mingle client funds unless the clients specifically agree to that set up. So you had to have agreed to that in writing. There was probably a lot of cash sitting around because statements come out at month end or quarter end and they probably squared up a lot of positions at month/quarter end. So while it may have appeared there was a lot of cash sitting it may have been deployed again rather quickly and you'd really never be privy to that. My guess is the fund's funds were not converted to USD to take advantage of a currency fluctuation. They were probably converted because the instruments being traded were denominated in USD (like TGT). That's just my guess, who really knows why they did that. It sounds like you were part of an actively managed fund .When in reality what you wanted was just to passively invest and let time and compounding take over. Where you are now sounds way more suited to fulfilling your long term goals.
  9. Ask and you shall receive............... Bolton out doesn't change the card much.
  10. Your portfolio guy sounds like he was just churning your account to generate commissions. If he has a winning trade, you and him make money. If he has a loser trade, he makes money. He can't lose. Sounds like he took you for granted. As a 'professional' he owed you a fiduciary duty which it sounds like he ignored. You did the right thing walking away. My prediction is in a protracted bear market (and one will come eventually) this portfolio guy will lose over half his clientele.
  11. If you are not knowledgeable enough to completely self direct your investments, my advice for you would be to hire an advisor purely as a consultant. Meet with this person occasionally, listen to their advice and bounce ideas off him/her. With that covered you can self direct your own stuff. Mutual funds are crap. These days there's an ETF for everything. So there's no need to be paying high fees and or loads on mutual funds.
  12. While I agree with you. There is room for disagreement. While being a major hawk on Iran and insisting on first strike policy. Bolton was against major idiocy like sucking up to North Korea while getting nothing in return and inviting the Taliban to Camp David days before 9/11 for a photo op. Amongst many other foreign policy failings. The only voices of reason now are Pompeo and Pence and it doesn't sound like Trump listens to either of them very much. Question now is who on Earth would be dumb enough to take this job? I would not be surprised if Judge Judy is the NSA. Probably Pompeo takes the job and performs a dual role. And if there wasn't enough of a circus at the White House. It now turns out Trump did not fire Bolton but rather Bolton resigned and Trump has to take this opportunity to play 'tough guy' and claim he fired him. Elect a clown, expect a circus.
  13. Trump fires uber-hawk John Bolton as national security advisor Tue 10 Sep 2019 16:00:28 GMT Bolton is out Trump made the announcement on twitter that John Bolton is out. I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions, as did others in the Administration, and therefore I asked John for his resignation, which was given to me this morning. I thank John very much for his service. I will be naming a new National Security Advisor next week. Bolton is a notorious hawk, especially in the middle east. No doubt that some of the issues Trump referred to related to taking a more militaristic approach. https://www.forexlive.com/news/!/trump-fires-uber-hawk-john-bolton-as-national-security-advisor-20190910
  14. nuckin_futz

    Tennis

    Less whatever she gained in this tournament. Obviously it's a smaller number from her tournament this year. That's why Osaka is now 4th ranked, no longer #1.