Browse Month: September 2016

Devco Hotel Project Is In Trouble

Signs of serious trouble are emerging regarding development funds for a New Brunswick hotel and conference center, The Heldrich, as yet another loan payment was missed by the Middlesex County Improvement Authority. The $1 million repayment was for interest and principal on a $20 million loan from the Casino Reinvestment Development Authority.
As reported in the Press of Atlantic City, this missed payment now adds up to $7 million that the Improvement Authority has missed on loans for developments in the area. This loan was given in 2005 to bankroll the building of The Heldrich, a project developed by the New Bruinswick Development Corporation (Devco).

DEVCO was promoted initially as a model of what could be accomplished using public funding to create large scale construction projects. The timing for the opening of The Heldrich was difficult, as the hotel opened in 2007, just as the economy went into a serious downturn. The hotel has 235 rooms, but it has had a very difficult time filling the rooms since its opening. The hotel has had to dip into its own funds to pay for basic upkeep and improvements like replacing mattresses and carpeting.

Attorney Chris Paladino, who heads Devco, defended the project, saying “We took a really crappy block and turned it into something special.” He also added that he’d be much happier with the project once its debt is completely paid.

 

Malini Saba’s Rise from a Simple Migrant to a Successful Investor and Philanthropist

Malini Saba has made a name for herself as one of the world’s top philanthropists and investors. The businesswoman of South Asian origin founded Saban, an investment company that has vast and varied investment interests globally. Saban has investment in companies in several industries including technology (in the U.S.), gas and oil (in China), as well as real estate in India and Australia.

Impassioned Philanthropist

Malini is a passionate philanthropist who has dedicated her life to helping the needy in societies around the world. In 2001, she founded Stree: Global Investments in Women. Stree is a non-profit organization aimed at changing how low income women and children view themselves as well as their roles in the society.

Stree was inaugurated by former president Bill Clinton and Queen Noor of Jordan. It provides women with a means to access quality healthcare and legal empowerment. It also provides a forum for movements operating at grassroots levels to connect with various public policies in Central America, Africa, Eastern Europe, and India.

In 2005, Malini Saba donated $1 million to the Heart Research Center located at El Camino Hospital that primarily served South Asians in Mountain View, CA. One year earlier, Malini toured and pledged about $10 million to tsunami survivors in Sri Lanka and India. Malini’s career in investments started at Silicon Valley during the 1990s. As a venture capitalist, she invested in over 20 technological companies including PayPal Inc., Netscreen Technologies, Inc., and Sycamore Networks, Inc.

Malini Saba’s Background

Malini Saba is a passionate philanthropist and a self-made success who has dedicated her life to helping women and children around the world. Malini is of Sri Lankan descent and was born in Kuala Lumpur, Malaysia. However, she grew up in Australia before moving to the U.S. at 19. With just $200 to her name, she rented an apartment outside Stanford University Campus together with her husband.

Malini had the privileged of attending free lectures at Stanford University because she was married to a student. She took business classes with a keen interest in investment. She attended (without invites) gatherings of investment bankers and mingled with them. This gave her access to privileged information that allowed her to start investing in sectors such as real estate, commodities and telecommunications.

Today, she is a prominent investor and philanthropist who shares her wealth with needy women and children in society. Before globalization became a trend, Malini had begun investing in South American and Asian commodity markets. Today, her biggest returns are in the gas and oil sector.

How IAP Worldwide has Grown and Succeeded in its Operations

IAP Worldwide serves as a global organization dedicated to providing exceptional facilities management, global-scale logistics as well as advanced technical and professional services. It prides itself as a solutions provider to its customers’ challenges. Currently, it boasts of an employee base that exceeds 2000 workers who are situated in over 25 countries worldwide.

IAP has positioned itself as a responsive service provider when called upon by clients in cases of overseas battles and natural disasters on Kayescholer.com. It leverages its ability to plan, organize as well as execute complex technical and logistical challenges. Further, IAP’s facilities management services revolve around the operation, management, and maintenance of remote research laboratories, civilian facilities, and military installations, which are akin to the size of small cities.

In 2014, IAP Worldwide Services completed its recapitalization and restructuring under a new board of directors and ownership. Currently, IAP Worldwide Services focuses on three primary business divisions including Professional and Technical Services, Global Operations and Logistics, as well as Base Operations Support Services.

Read more: Jobs – Kabul, Kabul, Afghanistan – IAP Worldwide Services

Background Insight into IAP Worldwide Services

IAP Worldwide’s history can be traced from the formation of various entities such as Pan Am World Services, Inc., which is credited for constructing and operating Cape Canaveral’s space launch complex on glassdoor.com. In 1990, the Johnson Controls Inc. acquired the Pan Am World Services leading to the formation of the Johnson Controls Worldwide Services, Inc. Upon this acquisition, the Johnson Controls Worldwide Services became a worldwide leader in the management, maintenance, and operations of commercial installations as well as military bases.

The year 2004 marked the inception of IAP Worldwide Services, which was established in Irmo, SC as a company dedicated to providing procurement and logistics services. Its first contract to supply generators to the U.S. Army in Saudi Arabia during Desert Storm led IAP to become a trusted US military partner. In 2005, IAP was a leader in the industry having secured contracts pertaining government services, which amounted to $370milion. Later in 2006, it acquired the Jonson Controls Worldwide Services to establish IAP Worldwide Services.

IAP’s Development Endeavors

On November 5, 2015, the PR Newswire reported about IAP’s acquisition of two business divisions from DRS Technologies, Inc. The two units included the Aviation and Logistics business, which delivers aircraft repair logistics, management, and mission support. On the other hand, the Tactical Communications & Network Solutions is dedicated to providing communications support, information technology and engineering solutions to the US Department of Defense and other numerous agencies.

Jose Manuel Gonzalez Explains Why He Is Not A Full Time Politician

Jose Manuel Gonzalez is known around the world as one of the best known names in the Venezuelan government, but the agricultural business leader would rather be known as a citizen of his nation who stood up for what he believes is right in terms of food production. In his career Jose Manuel Gonzalez found success in agriculture in his local area of Guárico State, which eventually led to the farming specialist seeking election to the National Assembly and later become a deputy to the political group.

The main reasons for the decision of Jose Manuel Gonzalez to enter the world of politics was a perceived unfairness in the way crops are produced in his home country that is leading to problems for all in society. Gonzalez has set out to bring higher levels of fairness to the country and food production of all kinds, which he believes have led to many of the humanitarian problems facing Venezuela today. The blocking of the creation of certain crops and decision of the government to fix prices at a specific level have contributed to the problem, and seen Jose Manuel Gonzalez call for their end. A lack of ability to import goods effectively is also causing problems the agricultural expert feels could be changed with the introduction of new legislation.

Despite the problems facing the country of Venezuela Jose Manuel Gonzalez believes he can be proud of the role he has played in attempting to change the political environment of the country. Gonzalez points to the fact he rose to a Deputy in the National Assembly in a short period of time and the fact he attended all meetings required of his position as signs he has fought for the people he represents in his home state and the nation as a whole.

How an SEC whistleblower attorney can protect you

Have you seen some illegal activity being perpetrated by the company you are currently employed by when it comes to federal securities laws? Are you tired of turning a blind eye, and have decided it may be time to report the company to the Securities and Exchange Commission SEC?

If so, before you do anything at all, you must hire an SEC whistleblower attorney to represent you, as not doing so could get you in a lot of trouble.

How an SEC whistleblower lawyer can protect you — When it comes to reporting any federal securities violation, you want to tread carefully. Not only do most companies become vindictive when they realize one of their employees has just turned them in, if you do not report the information you have in the proper manner mandated by the SEC, you could end up in some trouble yourself.

A good lawyer that deals with SEC whistleblowers regularly, however, will make sure that you not only are able to hand over all the information you have to the SEC, but that your rights are not violated and your freedom is protected.

Getting the payment owed to you — Another reason to hire a lawyer is that, under SEC law, you are entitled to a certain payment should your information prove to be valuable. This payment can be between 10 and 30 percent of any money collected by the SEC due to your initial report.

As money collected can end up in the millions of dollars, plus additional bonuses later, it pays you to have a lawyer representing you that knows exactly what you are owed. Then goes out and makes sure you get it.

Getting a lawyer is as easy as having a free case evaluation — Another reason to hire an attorney before you contact the SEC is it does not cost you anything to do so.

Instead, most law firms that deal with whistleblower cases will meet with the person before they file an SEC report and give them a free case evaluation. The evaluation will tell you if your case is believed to be valid, and what you should do to proceed with it from here.

Even better, you can do this completely anonymously if you like, without having to give either your name or the name of the company you are planning to report to the SEC.