Asian Equities Poised for Third Weekly Advance: Markets Wrap
Asian equities headed for a third weekly gain, helped along by expectations of more stimulus from China, which
2023-06-16 08:47
Missouri governor plans to pardon Kansas City police officer who shot dead Black man
A prosecutor has issued a public plea urging Missouri Governor Mike Parson not to pardon a former police detective over the fatal shooting of a Black man. Eric DeValkenaere was convicted in 2021 of involuntary manslaughter and armed criminal action in the December 2019 death of 26-year-old Cameron Lamb. DeValkenaere, a former Kansas City police officer, was sentenced in 2022 to six years in prison but has remained free on bond as his appeal is reviewed. After reports emerged earlier this week that Gov Parson is considering a pardon in the case, Jackson County Prosecutor Jean Peters Baker warned in a public letter that the greater long-term effect of the potential pardon would be the “erosion of our public safety system as fair and just.” “Pardons are political actions by design, not devised for the innocent but for the guilty,” wrote Ms Peters Baker in the letter addressed to Gov Parson. “I imagine you might view a pardon as a way to support police. But I expect this extreme action for the only KCPD officer convicted of fatally shooting a black man will ignite distrust, protests, and public safety concerns for citizens and police.” Ms Peters Baker accused Gov Parson of “being lobbied” into the decision and of “using a political action to subvert the rule of law.” According to the prosecutor, no one from the governor’s office has reached out to the family members of the victim. Lamb family members and loved ones also gathered on the steps of the Jackson County Courthouse on Tuesday, asking the governor to speak with them before making a final call. “Governor, if you pardon DeValkenaere, you will create more tension in the city and we will be left to pick up the pieces,” Reverend Emmanuel Cleaver said during the Tuesday rally, according to KCTV. In a statement to KCTV, the governor’s office accused Ms Peter Baker of “political games ... for her re-election bid.” “Governor Parson is grounded in his faith and believes in second chances,” spokesperson Kelli Jones said, noting the 538 the governor has issued. “He has created more workforce training opportunities for offenders, brought the landmark Reentry 2030 program to assist offenders, and started the first law enforcement academy at a historically black college.” During a bench trial in 2021, a judge said DeValkenaere and his partner violated Lamb’s constitutional rights because they had no probable cause to believe he had committed a crime, had no warrant for Lamb’s arrest and had no search warrant or consent to be on the property. The convicted officer shot Lamb as the victim was backing up a truck into a garage and within seconds of arriving where Lamb lived. The officers had followed him after reports of several traffic violations. DeValkenaere testified that he shot Lamb because he believed his partner’s life was in danger. Meanwhile, Lamb’s family has said he was not armed and that a gun found at the scene was planted. In a motion filed last year with the Missouri Court of Appeals, DeValkenaere’s attorneys argued that DeValkenaere and his partner had probable cause to be on Lamb’s property and to arrest him for the traffic violations, The Kansas City Star reported. Read More Daniel Penny indicted in Jordan Neely subway death as ex-marine’s arraignment set for 28 June How Republicans and right-wing media turned Jordan Neely’s killer into a hero Grand jury votes to indict Daniel Penny in subway killing of Jordan Neely
2023-06-16 08:26
A ‘miracle’ rescue, two family murder cases and a jail cell death: Nathan Carman’s saga of greed and lies
Nathan Carman’s rescue from an inflatable life raft 200 kms off the coast of Cape Cod in 2016 after spending eight days adrift in the North Atlantic Ocean was hailed as a miracle. The then 22-year-old and his mother Linda Carman had set off for an overnight fishing trip from Rhode Island on 17 September that year to try to mend their fractured relationship. She was never heard from again, and authorities quickly realised something about his extraordinary tale of survival wasn’t adding up. It would take prosecutors nearly six years to charge Nathan with her murder, and also name him as a prime suspect in the 2013 murder of his grandfather John Chakalos. The 29-year-old was arrested last May and pleaded not guilty to murder and fraud charges. He had been due to stand trial in October. Prosecutors alleged he had been plotting for more than a decade to claim his grandfather’s $40m estate, and stood to inherit millions with both elder family members dead. On Thursday morning, he was found “unresponsive” in his cell in Cheshire County Jail in Keene, New Hampshire. He was pronounced dead about 40 minutes later, an official said. Who was Nathan Carman? Nathan Carman grew up in Connecticut, the only child of Clark and Linda Carman. The family had a web of “strenuous and often combative relationships”, according to a 2018 New York article. Linda Carman had suffered from depression, and reportedly had struggled with a gambling addiction. Nathan was diagnosed with Asperger’s syndrome, and underwent years of psychiatriac analysis and pharmaceutical treatment, according to a 2022 investigation by Air Mail. He was described by those close to him as an “angry, wayward, unpredictable” child, who “matured without empathy, or recognition of the reality of anyone” other then himself, according to the article. His mother, the second of four daughters, separated from Clark Carman and struggled to maintain a harmonious relationship with Nathan. Prosecutors said they would go on fishing trips to try to mend the fractured bond. In spite of this, he had a good relationship with his grandfather, who he considered his “best friend”, Nathan’s lawyers have said. After finishing high school in 2012, Nathan Carman enrolled in community college but failed to complete most of his courses. He then began showing an interest in his grandfather’s businesses and attended several meetings with him in 2012 and 2013, according to prosecutors. During this period, his grandfather convinced Linda Carman to designate her son as a beneficiary of her trust. Chakalos also paid for his grandson’s personal expenses, funding the purchase of a truck and an apartment, and a white Irish Sport horse named Cruise. Killing of John Chakalos John Chakalos was found dead at the age of 87 from gunshot wounds in his home in Windsor, Connecticut, on 20 December 2013, one month after his wife of 59 years Rita had passed away from cancer. Chakalos had made an estimated $40m fortune in real estate, primarily from building and renting luxury nursing homes, and continued to work right up until the day he died, according to an obituary. Even after amassing enormous wealth, he and his wife continued to live in the modest home where they had raised their daughters and lived for much of their married lives. The obituary stated that Chakalos had “showered his grandchildren, nieces and nephews with paternal love”. His motto was “without family you’ve got nothing”. However, prosecutors believed his then 19-year-old grandson was secretly plotting to murder him and claim his fortune. Carman was never charged over his grandfather’s death. But authorities laid out in detail in a 2022 indictment how they believed he had carried out the killing. Authorities said that Nathan purchased a Sig Sauer rifle about a year before the shooting. They alleged that he drove from his apartment in Bloomfield, Connecticut, to his grandfather’s home at about 3am and shot him twice in the head while he slept. Carman then discarded his computer hard drive and a GPS unit in his truck, they stated, preventing them from tracing his movements and plans. He received $550,000 after his grandfather’s death. In 2014, he moved to Vernon, Vermont, and by 2016, had allegedly squandered most of his inheritance. Linda Carman’s mysterious death In 2015, Nathan Carman purchased a 31-foot fishing boat, the Chicken Pox, using his newfound wealth from his grandfather’s death. Prosecutors stated that fishing had been a way for Nathan and Linda Carman to get together, and put aside their differences. In September 2016, Nathan arranged to go on a fishing trip with his mother around Block Island, off the coast of Rhode Island. They left from Ram Point Marina in South Kingston, Rhode Island, late on the evening of 17 September, and Linda told friends they would return by noon the next day. Prosecutors say that prior to the departure, Nathan removed parts of the engine and a part of the hull that stabilises the boat. At some point soon after departing, he murdered his mother and deliberately sank the boat, prosecutors alleged. The US Coastguard was notified that the boat was missing on 18 September, and mounted an extensive search and rescue effort. On 25 September, Nathan Carman was found floating on an inflatable life raft by the Orient Lucky commercial boat 200kms off the coast of Cape Cod. The then 22-year-old would later tell investigators that he had noticed the engine making unusual noises on the day he had set off, and the Chicken Pox started taking on water. He said he saw his mother in the cockpit, and grabbed three bags containing food, flares and life jackets. But when he looked back, his mother was no longer there. The unlikely survival tale set off a media frenzy as outlets tried to secure interviews with the survivor and the ship’s captain. “I was yelling, ‘Mom! Mom!” Nathan Carman said in an interview with the Associated Press describing the sinking. “I loved my mother and my mother loved me.” The Hartford Courant reported at the time that police were investigating Nathan Carman for knowingly operating an unsafe vessel and putting his mother's life in danger. Police obtained a search warrant for his Vermont home, and found Nathan had removed his computer prior to leaving. When asked about the police search, he told the AP: “I don’t know what to make of people being suspicious. I have enough to deal with.” Arrest and death In 2019, Chakalos’ three surviving daughters filed a lawsuit in New Hampshire seeking to block Carman from receiving any more of his grandfather’s inheritance. They publicly accused him of involvement in his mother’s death. The case was dismissed after a judge ruled that Chakalos was not a New Hampshire resident. It was later refiled in Connecticut and was still pending at the time of his death. In May 2022, Carman was charged with “murder on the high seas” by US attorneys in Vermont. He was also charged with insurance fraud, relating to an attempt to claim $85,000 for the loss of the Chicken Pox. Authorities said his arrest was the culmination of a multi-year investigation conducted by the FBI, the US Coast Guard, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, the Connecticut State Police, the Windsor Police Department in Connecticut, and the South Kingstown Police Department in Rhode Island. Carman denied the charges and was ordered to be held in custody pending the trial. On Thursday morning, he was found “unresponsive” in his cell at the Cheshire County Jail and was pronounced dead soon after, according to the CT Insider. A cause of death has not yet been released, and police are investigating. Carman’s attorney Martin Minnella told the Associated Press that he had been in good spirits when they spoke on Wednesday, and they had been due to meet again on Thursday. “It’s just a tragedy, a tragedy.” Carman’s three aunts issued a statement to the AP saying they were “deeply saddened” by his death. “While we process this shocking news and its impact on the tragic events surrounding the last several years we ask for your understanding and respect relative to our privacy,” they said through a lawyer. Read More Man, 28, accused of killing mother on fishing trip when he was 22 years old dies awaiting trial Youth environmentalists bring Montana climate case to trial after 12 years, seeking to set precedent Treat Williams death: Everwood and Hair star dies aged 71 following motorcycle accident
2023-06-16 08:19
Mysterious 1,000% Stock Gains Baffle Traders in Indonesia
Unexplained gains in Indonesian stocks are fueling calls for tighter regulation in Southeast Asia’s biggest equity market. Known
2023-06-16 08:15
Ex-Barclays Trader Did Better on Insider Trades Than His Day Job
Even as a former Barclays Plc trader was profiting from insider trading, he said his day job and
2023-06-16 07:59
US Open cut line prediction 2023: Can Justin Thomas, Collin Morikawa make LACC cut?
Looking at the 2023 US Open cut line prediction and projection to see where the number will end up and if Justin Thomas ans more will make the weekend.Golf fans were promised a grueling test at Los Angeles Country Club for the 2023 US Open. For Rickie Fowler and Xander Schauffele in the first ro...
2023-06-16 07:57
NBA Rumors: Western Conference contender in trade talks for Bradley Beal
The Kings are reportedly putting their names in the Bradley Beal sweepstakes. Is this a good move or bad move for both organizations? Will the Wizards be able to get anything worthwhile out of Beal considering his no-trade clause?According to Shams Charania, the Kings could be a suitor for Bradl...
2023-06-16 07:55
Texas governor signs bill to ban DEI offices at state public colleges
Texas GOP Gov. Greg Abbott signed a bill Wednesday that bans diversity, equity and inclusion (DEI) offices at public colleges and universities across the state, his spokesperson confirmed to CNN.
2023-06-16 07:51
North Korea Fires Two Ballistic Missiles, Warns US on Drills
North Korea test-fired two short-range ballistic missiles Thursday in its first such launch in about two months, which
2023-06-16 07:49
Texas governor signs law shutting diversity offices at public universities
All state-funded colleges and universities in Texas will have to close their diversity, equity and inclusion offices under
2023-06-16 07:49
National Guardsman Jack Teixeira indicted for sharing classified defence documents on Discord
Massachusetts Air National Guard member Jack Teixeira was indicted by a federal grand jury in Boston on Thursday for allegedly leaking highly classified materials on social media, according to the Justice Department. “The unauthorized removal, retention and transmission of classified information jeopardizes our nation’s security,” Acting United States Attorney Joshua S. Levy said in a statement announcing the indictment. “Individuals granted access to classified materials have a fundamental duty to safeguard the information for the safety of the United States, our active service members, its citizens and its allies.” Mr Teixeira is charged with retention and transmission of national defense information and unauthorized removal and retention of classified documents or materials. The Massachusetts man, 21, could face a sentence of 10 years in prison and a fine of $250,000 if convicted. Mr Teixeira, who allegedly posted defence documents on a server within the gamer-focused chat app Discord, has pleaded not guilty. According to prosecutors, the guardsman was warned multiple times by superiors about his “concerning actions” regarding viewing and handling classified information. “The Defendant even continued to share information with his online associates, defying these admonishments and taking further efforts to conceal his unlawful conduct,” officials wrote in a May filing. The guardsman had top-secret security clearance. Armed FBI officials raided Mr Teixeira’s home in April and arrested him. Officials found a collection of weapons including hanguns, bolt-action rifles, shotguns, and an “AK-style high-capacity weapon” in his room. Mr Teixeira was allegedly behind one of the largest intelligence leaks of the decade, and the materials he shared online contained sensitive information about the Russian invasion of Ukraine, Ukraine’s air defences, and the ways the US spies on its partners and allies, according to The Washington Post. On Discord, Mr Teixeira, a cyber transport systems journeyman responsible for communications networks in the Air Force, posted under the screen names “jackthedripper” and “excalibureffect.” One member of the “Thug Shaker Central” Discord server at the centre of the leaks told the Post Mr Teixeira once shared a video of himself shouting racist and antisemitic slurs before firing a rifle. Read More How was a 21-year-old gamer able to leak a mountain of major Pentagon secrets? Guardsman indicted on charges of disclosing classified national defense information Documents leak suspect had been warned about handling of classified information, prosecutors say
2023-06-16 07:22
Yen Strengthens From Seven-Month Low as Traders Ready for BOJ
The yen recovered from a seven-month low against the dollar as traders weighed a pull back in US
2023-06-16 07:22