Innovator at work !
March 16, 2009 by charlis87
As usuall DJ twera keeps giving us some good track, everyone should go and listen to his musik, with a nice depth in the track, really a great track.
Keep up the good work !
Cheers.
Title of the Track: Into the dawn.
Hope That you enjoyed.
Steve Angello Feat Robin S - Show Me Love (The Partysquad Remix)
March 13, 2009 by charlis87
Great Great Tune!
Madoff
March 13, 2009 by charlis87
Article from the new york times on march 12 2009
On Wall Street, his name was legendary. Now it is infamous.
With money Bernard L. Madoff had earned as a lifeguard on the beaches of Long Island, he built a trading powerhouse that had prospered for more than four decades. At age 70, he had become an influential spokesman for the traders who are the hidden gears of the marketplace.
But on Dec. 11, 2008, Mr. Madoff was arrested at his Manhattan home by federal agents and charged in what could be the largest fraud in Wall Street history, a Ponzi scheme whose cost over 20 years was initially put at $50 billion and later at $65 billion.
On March 12, 2009, Mr. Madoff pleaded guilty to all the federal charges filed against him — 11 felony counts, including securities fraud, money laundering and perjury, a list that could yield a prison sentence of 150 years.
After the plea, Judge Denny Chin revoked the disgraced financier’s bail, and Mr. Madoff was handcuffed and led off to jail.
In addition to the charges, the government intended to seek at least $170 billion in forfeited assets from Mr. Madoff, a remarkable figure that apparently counts all the money that moved through Madoff bank accounts during the years of the fraud as the proceeds of illegal activities.
Mr. Madoff’s lawyers have filed a letter with the court disputing that outsize figure, saying it represents all the money ever deposited in Madoff bank accounts over the years without distinguishing either legitimate business operations or the billions that were paid out to investors as part of the Ponzi scheme.
Mr. Madoff left a zigzagged path of financial destruction across the world, from HSBC bank to BNP Paribas, to industry leaders and celebrities in the United States, from Elie Wiesel, the Hollywood director Steven Spielberg and the publisher Mortimer B. Zuckerman. The Wilpon family, the owners of the Mets, were investors, as had been the family real estate business of former New York governor Eliot Spitzer.
R. Thierry Magon de la Villehuchet a prominent hedge fund manager who apparently had lost $1.4 billion with Mr. Madoff, was found dead in his office on Madison Avenue on Dec. 22. The evidence pointed to suicide, the police said.
Mr. Madoff founded Bernard L. Madoff Investment Securities in 1960 and liked to tell interviewers about earning his initial stake by working as a lifeguard at city beaches and installing underground sprinkler systems. By the early 1980s, his firm was one of the largest independent trading operations in the securities industry. The company had around $300 million in assets in 2000 at the height of the Internet bubble and ranked among the top trading and securities firms in the nation. According to the most recent federal filings, Bernard L. Madoff Investment Securities operated more than two dozen funds overseeing $17 billion.
These funds had been widely marketed to wealthy investors, hedge funds and other institutional customers for more than a decade, although an S.E.C. filing in the case said the firm reported having 11 to 23 clients at the beginning of 2008.
Prosecutors said that Mr. Madoff - whose investors prized his steady single-digit annual returns - actually had promised select clients extraordinarily high returns, as much as 46 percent, to lure them in. One of Mr. Madoff’s more prominent investors, the Fairfield Sentry fund, reported having $7.3 billion in assets in October 2008 and claimed to have paid more than 11 percent interest each year through its 15-year track record. Angry victims began to charge that funds like Fairfield, which had built profitable businesses through providing access to Mr. Madoff’s investment vehicle, had failed to perform proper due diligence.
To sustain his fraud, prosecutors said, Mr. Madoff assembled an ill-trained and inexperienced clerical staff, directed them to “generate false and fraudulent documents,” told lies and supplied false records to regulators, and shuffled hundreds of millions of dollars from bank to bank to create the illusion of active trading. The government said Mr. Madoff ordered multimillion-dollar bank transfers in part “to give the appearance that he was conducting securities transactions in Europe on behalf of the investors, when, in fact, he was not.”
And, in an accusation that extends his crime’s shadow to the edges of the business where his brother and sons worked, prosecutors accused Mr. Madoff of using some of the money he gathered through his Ponzi scheme to support the supposedly legitimate wholesale stock trading operation that made his name on Wall Street.
Specifically, prosecutors said that Mr. Madoff “caused more than $250 million” he collected through his Ponzi scheme from at least 2002 through 2008 “to be directed, through a series of wire transfers, to the operating accounts that funded the operations of these businesses.”
The government also charged that he had money transferred from his firm’s London office “to purchase property and services for the personal use and benefit” of himself, his family members and his associates.
Mr. Madoff ran the business with several family members, including his brother Peter, his nephew Charles, his niece Shana and his sons Mark and Andrew. None of his family members has been charged.
Mr. Madoff was put under 24-hour house arrest as part of his bail agreement. Mr. Madoff was ordered to remain at his apartment on East 64th Street in Manhattan, wear an electronic monitor and was to be allowed to leave his apartment only for scheduled court appearances.
YouTube blocks UK users from watching music videos (AP)
March 10, 2009 by charlis87
This is not good for all the youtube music lovers !
Interesting article from yahoo News.
LONDON - Google Inc. said Monday it will block U.K. users from watching music videos on its popular video-sharing site YouTube after negotiations with Britain’s music royalty-collecting body broke down.
Google said it would begin blocking British users starting Monday night. The Internet titan said it knew the move would cause “significant disappointment.”
But it said its hand was forced by PRS for Music, which it said is asking for royalties that would cause Google to lose money every time a video was played on YouTube.
“Our previous license from PRS for Music has expired, and we’ve been unable so far to come to an agreement to renew it on terms that are economically sustainable for us,” Google said in a statement. Until a solution is found, it added, “we will be blocking premium music videos in the UK that have been supplied or claimed by record labels.”
PRS for Music, which collects money on behalf of writers and publishers worldwide, said it was outraged by Google’s move.
“Google has told us they are taking this step because they wish to pay significantly less than at present to the writers of the music on which their service relies, despite the massive increase in YouTube viewing,” the group said in a statement.
Neither group revealed how much money is at stake in their negotiations.
YouTube has become an increasingly popular destination for record labels squeezed by declining sales for compact discs. The Web site has deals with three of the four major record labels but some rights-holders have balked at their cut of the advertising revenue.
In December, Warner Music pulled all of its music from YouTube, saying the payments it received did not fairly compensate the label or its artists and songwriters.
It was not clear how long the music videos would stay blocked. Both PRS for Music and Google said they hoped their dispute could be resolved quickly.
The video Leona Lewis’s “Bleeding Love,” licensed by Sony BMG Music Entertainment U.K. Ltd., which has garnered more than 83 million hits, was still visible from the U.K. late Monday.
These days will be over in probably a couple months
MOGUAI - Beatbox (Patric La Funk & Timo Becker Dial T For Timbee RemiX)
March 9, 2009 by charlis87
Really Sweet house electro dance music!
GUBE & PERUZ ft Freen - The Game (Maurizio Gubellini Neo Club RemiX)
March 9, 2009 by charlis87
Really Nice, wonderfull tune !
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