Thursday, May 2, 2013

Death penalty lawyer Clarke 'humanizes' client and jury

By Joseph Ax

NEW YORK (Reuters) - When death penalty expert Judy Clarke joined the defense team for the Unabomber, Ted Kaczynski, she spent months trying to establish a rapport so she could convince him to accept a plea deal that would spare him capital punishment.

Though she and his other lawyers angered Kaczynski when they sought to introduce evidence of his mental illness, he eventually pleaded guilty in 1998 and received a life sentence.

"I think she has a real gift," David Kaczynski, his brother said on Tuesday, a day after Clarke was assigned to the defense team for Boston Marathon bombing suspect Dzhokhar Tsarnaev. "Even if it's the smallest sliver of common ground, Judy's going to be able to find that. There's no doubt in my mind that Judy saw my brother's humanity despite the terrible things he'd done."

Tsarnaev, 19, is accused of setting off explosives April 15 near the finish line with his older brother, Tamerlan, killing 3 and injuring 264. He was arrested April 19 after a massive manhunt that left his brother dead following a police shootout.

Tsarnaev faces charges of using a weapon of mass destruction and malicious destruction of property with an explosive device, both of which can carry the death penalty when they cause the death of others. He has not yet entered a plea. U.S. authorities have not said whether they will seek capital punishment.

In court papers asking a judge to appoint Clarke as a public defender, one of Tsarnaev's lawyers, Miriam Conrad, cited a federal law giving defendants in potential capital cases a right to an attorney with experience handling death penalty cases.

Over nearly two decades of representing infamous defendants in capital cases, Clarke, who opposes the death penalty, has built a national reputation for avoiding executions for her clients.

In addition to Kaczynski, Clarke defended Eric Rudolph, the 1996 Atlanta Olympics bomber, and Susan Smith, the South Carolina woman who drowned her young sons in 1994. They both were spared the death penalty.

Most recently, Clarke represented Jared Loughner, the 24-year-old charged with killing six and wounding former Arizona congresswoman Gabrielle Giffords in a January 2011 mass shooting. Loughner, who faced death, pleaded guilty in August 2012 in a deal that sent him to prison for life.

Colleagues said Clarke is known for her meticulous research into the lives of her clients to find possible mitigating factors, and that she possesses a sharp sense of humor and a folksy style that belies her intense, no-nonsense preparation.

"She humanizes the client. But more importantly, she humanizes the jury, the lawyers, the judges," said Gerald Goldstein, a defense lawyer who has known Clarke for 30 years. "Judy's brilliant at making people reconsider their values ... to reconsider our place in making life or death decisions."

'GENTLE JUDY'

With an unassuming manner, Clarke can come across as "gentle Judy," said a longtime acquaintance, criminal defense lawyer Donald Rehkopf.

"She's not flamboyant or in your face - just the opposite," he said.

Clarke rarely grants media interviews and did not respond to a request for comment on Tuesday.

Last week, at a forum at Loyola Law School in Los Angeles, Clarke delivered the keynote address, explaining that her job was to convince reluctant clients that opting for prison was better than choosing a death sentence.

"They're looking into the lens of life in prison in a box," she said, according to an Associated Press account. "Our job is to provide them with a reason to live."

Her efforts are not always welcomed by her clients, many of whom suffered from mental illness. Kaczynski tried to have his legal team fired and later unsuccessfully asked an appeals court to throw out his guilty plea, while Loughner spat and lunged at Clarke during a meeting in prison early on in his case, according to court filings.

There is no evidence that Tsarnaev, a naturalized U.S. citizen and a student at the University of Massachusetts, suffered from psychological problems.

Legal experts have said that defense lawyers could point to Tsarnaev's youth and the possible influence of his older brother as reasons for the government not to seek capital punishment.

Clarke previously ran the San Diego office of the Federal Defenders and served as president of the National Association of Criminal Defense Lawyers. She is in private practice in San Diego with her husband while continuing to take on public defense work in capital cases.

For Barry Scheck, the co-founder of the New York-based Innocence Project, which uses DNA evidence to exonerate convicted defendants, Clarke has become the "go-to" public defender for capital cases.

"She has a profoundly developed sense of humanity, aside from being a great lawyer," said Scheck, who has known Clarke for more than 20 years. "That's a powerful combination."

(Reporting by Joseph Ax; Additional reporting by Terry Baynes; editing by Noeleen Walder, Mary Milliken and Philip Barbara)

Source: http://news.yahoo.com/death-penalty-lawyer-clarke-humanizes-client-jury-001109477.html

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Monday, April 29, 2013

Investors Raid IRAs, 401(k)s ? Raising Broker & Adviser Risk ...

[ by Melanie Gretchen and Howard Haykin ]

Anyone looking to check the pulse of the American economy might want to check out the status of retirement accounts.? What might be a little known secret might have some serious impacts on the welfare of customers and clients of broker-dealers and investment advisers.? And when their welfare, and well-being is at risk, multiple risks arise for Wall Street firms.? Of course, there's no reason any financial services firms must sit around and wait to see how it all turns out.? There are plenty of PRO-ACTIVE steps that can be taken.

So where are we getting the idea that many Americans are not waiting for retirement before they hit their savings?? Well, that would be Wall Street Cheatsheet, which points out that:? Amid stagnant wages and rising expenses, more Americans are raiding their retirement accounts.

And with all the billions in liquidity that the Federal Reserve appears to be pumping into the financial system ? at record levels, no less ? no much of that liquidity is reaching its intended target.? As Americans are getting "tapped out," they are resorting to tapping their retirement accounts ? before their retirement.? Wells Fargo confirms this phenomenon:? a bank survey found that 1 in 5 workers are using their 401k plans for loans.? To date, the average new loan balance jumped 7% from $6,662 to $7,126 in the same period.

"While the increase in loan activity is concerning, we know that loans are not the biggest driver of leakage from retirement savings.? In fact, employees cashing out their 401k's when they leave an employer are a greater concern. Those dollars are often spent whereas with loans the funds are often repaid and stay in the retirement nest egg." ? Laurie Nordquist, director of Wells Fargo Retirement, in a press release.

Wall St. Cheatsheet scratched the surface when it said, "it is generally considered a bad idea to take a loan out from your 401k plan."? Aside from diminished long-term gains or the very real threat of being laid off (at which point entire loan typically becomes due within a few months), what we're looking at is an entire population of sitting ducks.

Ramifications On The Financial Services Industry.? We'll let you in on a little secret ? but you'll have to promise to follow our logic.? If you agree with us so far ? i.e., agree with Wall Street Cheatsheet ? then many customers and clients of broker-dealers and investment advisers are hurting.? If the investor keeps his or her retirement account with your firm, perhaps you've already noticed a significant decline in balances.? But it wouldn't be so apparent if the account or accounts were held, say, at a custodian chosen by the employer.

Anyway, it would be prudent to take the worst case scenario and presume anticipate your customers or clients are having difficulty.? When people are experiencing net outflows, they sorely feel in need of a quick fix.? That need can be filled by investing an individual's remaining funds in speculative securities ? e.g., penny stocks, out-of-the-money options, junk bonds.? If the stars are aligned, any of those can result in a meaningful return.? Of course, it's not uncommon for such securities to become worthless or fall to a fraction of their former value.?

How does that impact those in financial services??

  • Suitability, suitability, suitability!
  • Investors may try and win it all back all at once.? But should firms let their customers and clients follow their own leads?? It's probably akin to a bartender who serves a last drink to someone who's already reached his or her limit.? If anything happens to that person, the bartender can be held responsible.
  • What about the investments that you and your firm have been soliciting.? In your opinion, they were suitable for your customers a couple of months ago ? so why not now?? Well, if they're down on their luck, they no longer have the risk tolerance or investment objective that they had a short while ago.? If you push those securities on customers and they lose, regulators can come after you.?
  • And because regulators also are aware that investors are raiding their retirement accounts, they're likely to revise the scope of their examinations, and see if firms like yours have changed the way they do business/

Proactive Strategy. ? First things first, it's essential to learn how your customers and clients are doing.? Every broker and adviser needs to ascertain what changes have occurred in the lives of their customers and clients, and whether the firm's profiles need to be revised.? Managers and supervisors should work closely with their charges and review all findings.?

It probably would be best to design a standard template for all personnel to fill out.? This will ensure consistency of information and facilitate reviews.?

Supervisors should meet or speak with selected customers or clients ? along with the broker or adviser, or separately.? The key is to know whether the brokers and advisers are asking the right questions and clarifying answers where follow-ups are needed.

Benefits of Elevating Customer/Client Contacts.?? Several benefits come to mind.

  • Customers and clients will likely appreciate the additional attention and concern.? This not only can strengthen working relationships but it might also provide troubled investors with an ally ? or someone they can turn to for guidance.?
  • Regulators will appreciate the care and concern that the firm exhibits for its customers and clients.? And, by retaining copies of the interviews and updates to customer records, as necessary, it's likely that regulators will reduce the scope of testing because they're satisfied that the firm has gone the extra yard to "do the right thing."
  • Finally, the risk of suitability arbitrations and lawsuits are significantly reduced because the reviews are documented and presumably subsequent investment decisions are in line with the new findings.

Seriously ? it really is simply prudent/prescient/just good business to be on the crisis-averse side.

For further details, go to [Wall St. Cheatsheet, 4/18/13].

Source: http://www.compliance-insights.com/perspectives/investors-raid-iras-401ks-raising-broker-adviser-risk

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Tuesday, April 23, 2013

Netflix Earnings 1Q 2013 - Business Insider

Reuters/Stephen Chernin

Actor Kevin Spacey at Netflix's House of Cards premiere.

?

Netflix?announced its first quarter earnings this afternoon.

Revenue was in line with expectations but EPS killed it, and the stock jumped about 20% after-hours.?

We're updating this post as we go, so click for updates.

The big numbers are:

  • Revenue: $1.02 billion versus $1.02 billion estimate
  • EPS: $0.31 versus $0.20
  • Earnings guidance: Sees Q2 EPS $0.23-$0.48 versus expectations of $0.30 EPS

Here's the full outlook for Q2 2013:

Netflix added three million subscribers in the first quarter bringing the total to 36 million.

They say two million of the new subscribers were added to the streaming business in the U.S. alone. This attributed in part to positive reception of the first original series House of Cards. International membership grew by one million.

In all markets Netflix saw growth and improved profits or reduced losses.

In regards to exclusive content and deals with other content providers, Netflix says that, "as we continue to focus on exclusive and curated content, our willingness to pay for non-exclusive, bulk content deals declines."

Netflix shared another interesting fact in its quarterly investor letter relating?to its proprietary series, House of Cards.

The decision to release all 13 episodes of its first original series House of Cards worked in the company's favor.

CEO Reed Hastings wrote in the investor letter that the decision created "enormous media and social buzz, reinforcing our brand attribute of giving consumers completely control over how and when they enjoy their entertainment."

Netflix was widely criticized for its decision to release the entire series at once.?Hastings said, "some investors worried that the House of Cards fans would take advantage of our free?trial, watch the show, and then cancel. However, there was very little free-trial gaming?less than 8,000?people did this? out of millions of free trials in the quarter."

Here's the full investor letter:

Source: http://www.businessinsider.com/netflix-earnings-1q-2013-4

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Wednesday, April 17, 2013

TomTom makes own-brand GPS sports watches, no Nike swoosh in sight (updated)

f TomTom makes ownbrand GPS sports watches, no Nike swoosh in sight

When it comes to GPS sport devices, TomTom has decided that it doesn't need to linger under Nike's wing anymore. An update to the Dutch company's website has just revealed a pair of wearables that is meant to bring a whole new level of "simplicity" to exercisers. The TomTom Runner (pictured left) is, unsurprisingly, designed for joggers, while the waterproof Multi-Sport (right) can be used by swimmers and cyclists as well. Both will be available in the summer, and as soon as we know how much the units will cost, we'll fill you in.

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Source: TomTom

Source: http://www.engadget.com/2013/04/17/tomtom-gps-watch-launch/

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Thursday, April 11, 2013

How to change the Home button click speed on iPhone and iPad

How to change the Home button click speed on iPhone and iPad

If you've got an iPhone or iPad, you're already aware that the Home button is by far the most used physical button since you use it to exit apps, multitask, and more. Depending on how fast you tap the Home button, double and trip clicks may not always register for you or get misread. iOS actually gives you a way to customize the Home button click speed by slowing it down.

Here's how:

  1. Launch the Settings app from the Home screen of your iPhone or iPad.
  2. Tap on General.
  3. Scroll down a ways and now tap on Accessibility.
  4. Under the Physical & Motor section, tap on the option for Home-click Speed.
  5. Here you can choose between Default, Slow, and Slowest

Since iOS will always register fast taps, the only settings offered are to slow it down. If you find that your iPhone is registering double taps as two single taps, slowing the speed down a bit could prevent this issue from happening.

    


Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/C-s92wpOcvc/story01.htm

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2 bodies found in charred Detroit medical facility

DETROIT (AP) ? A man identified by employees as a former maintenance worker opened fire Tuesday inside a Detroit medical facility, sending workers and visitors screaming and rushing for the doors just moments before the building erupted in flames.

Crews digging through the gutted Park Medical Centers building hours after the fire recovered the remains of a man and a woman, Detroit police said Tuesday night in a release.

Authorities did not release the identities of the dead, pending autopsies, but police had been searching for 35-year-old medical assistant Sharita Williams and the fired maintenance worker, who relatives said was her ex-boyfriend.

Williams' mother, Antha Williams-Hill, told The Associated Press that one of her daughter's co-workers told her that the man threatened her daughter inside.

"He said, 'You think I'm playing with you?'" Williams-Hill said. "He told the other girl, 'I think you better get out of here.' The girl left and said she then heard two shots."

Last week, Sharita Williams was granted a personal protection order against the man, according to Wayne County Court records.

Williams-Hill said two days earlier, someone had emailed her sexually explicit photos of her daughter that also were posted on Facebook. The text accompanying the photos read: "How do you like Sharita's new boyfriend?" her mother said.

Dr. Stuart Kirschenbaum, a podiatrist who operated his private practice from the building for about 30 years, said he heard a security guard yell that the gunman "had taken Sharita and is shooting at other people in the building."

Destroyed in the blaze, Kirschenbaum said, was his collection of boxing gloves, personal letters and photos of boxing great Joe Louis. He estimated the memorabilia were worth about $100,000.

Dr. Kim Logan-Nowlin, a clinical psychologist, said she was driving in for an appointment Tuesday morning when a member of her staff called with this frantic message: "Kim, the building is on fire. They're shooting."

Dwane Blackmon, Detroit police homicide inspector, declined to identify the maintenance man as the suspect but said everyone else inside except the woman and male suspect appeared to have escaped the blaze.

Investigators were unable to quickly go deep into the one-story building, described by tenants as also having a basement, due to fears of the structure's integrity.

Williams-Hill said she was asked to go to the coroner's office to identify whether the deceased woman was her daughter "because of the condition of the body."

She said her daughter had been dating the married maintenance man for more than a year, but their relationship was rocky and Sharita eventually began seeing someone else and even moved out of the city and into a Detroit suburb to get away. However, he refused to leave her alone, Williams-Hill said.

Police and arson investigators on Tuesday interviewed people who worked in the building and relatives of Sharita Williams and the maintenance man.

Blackmon could not confirm whether the two had been in a relationship.

__

Associated Press writers Mike Householder and Jeff Karoub contributed to this report.

Source: http://news.yahoo.com/2-bodies-found-burned-detroit-medical-facility-012714807.html

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