Wednesday, February 3, 2016

Woman Pulls Over Cop for Speeding, Gets Apology

Woman Pulls Over Cop for Speeding, Gets Apology

Good Morning America
If a police car speeds by, most people wouldn't bat an eye. But one woman decided to uphold the law to chase down and pull over a police officer who she said was driving "recklessly" on the road.
Claudia Castillo, of Miami, recorded the encounter she had with a police officer who she said was speeding, without using lights or sirens, on the Dolphin Expressway in Florida. While the date that the incident occurred is unclear, the video was posted on Jan. 29.
In the video, she narrates her effort to track down this officer and get him to pull over. She explains how the officer was “going about 100 miles an hour,” because she could not catch up to him while she “pushed the limit” and was going 80 mph. The maximum speed limit on the Dolphin Expressway is 70 mph.
Castillo recorded the take-down in three different parts. In the first video, she explains how she started to follow the officer on Miller Drive where he first sped onto the Palmetto Expressway. Her face is never seen in the video, but she does state that her phone was fixed to something in the car while she was driving.
She honked and flashed her lights, trying to get the officer to pull over. Even as the officer kept driving on, Castillo was persistent and continued to film another video to make sure this officer knew that “nobody’s above the law.”
She was following the officer for at least 3 minutes, and even before she started recording as she stated in the video, and was finally able to pull him over at the end of an exit ramp off the expressway.
As the officer comes to her car in the final video, Castillo roles down her window and gives a lecture on safe driving to the officer, completely reversing the typical assumed roles in the situation.
“The reason I pulled you over today,” Castillo began much like many statements given by officers, “is because I saw you since Miller Drive when you were first jumping onto the Palmetto, and you were pushing 90 miles an hour.”
“Really? OK,” the officer, who remained unnamed in the video, said to Castillo, who then asked him what the emergency was that he was driving so fast and "recklessly."
“I don’t know how fast I was going,” said the officer, “I’m on my way to work right now.”
The officer continued by denying that he was speeding and told Castillo “you’re entitled to your opinion.” He told Castillo he pulled over because he thought she had an emergency.
“Everything’s fine,” Castillo said. “It’s your speeding,” to which the officer apologized and said he would slow down.
The acting director of the Miami-Dade Police Department, Juan Perez, released a statement today saying “We take all complaints seriously. In this case, the officer’s chain of command will investigate the matter and take the appropriate course of action.”
Castillo said police officers "need to lead by example. You need to show what’s the right thing to do.”
Castillo could not be reached for further comment by ABC News.

Tuesday, February 2, 2016

China cracks down on alleged $7.6 billion Ponzi scheme

China cracks down on alleged $7.6 billion Ponzi scheme

china yuan

Chinese authorities have arrested more than 20 suspects who are accused of involvement in a massive Ponzi scheme that allegedly swindled hundreds of thousands people out of billions of dollars.

The arrests reported Monday by state media relate to E-zubao, a peer-to-peer lending platform that promised investors attractive returns of as much as 15% when it launched a year and a half ago.
But the man behind the platform, Ding Ning, is now accused of gobbling up new capital largely in order to pay off existing investors, according to the official Chinese news agency Xinhua. Ding and 20 others have been arrested on suspicion of embezzling 50 billion yuan ($7.6 billion) from around 900,000 investors.
Authorities began investigating Ding's company, Yucheng Group, late last year. During the probe, investigators reportedly found 1,200 account books stashed in sacks buried 20 feet underground.
E-zubao has become one of the largest investment scandals to emerge from China's shadow-banking world -- a dark, unregulated patch of the country's financial system that offers murky investments with extremely high rates of return among other services.
There's often no transparency about where exactly investor money is going -- and the investment vehicles have vague names, such as "wealth management products." In some cases, they're sold through privately run exchanges or via online platforms, like E-zubao.
Such services have proliferated as Chinese people look for places to invest their savings. For retail investors, there are few options to get more bang for their buck with domestic stock markets in turmoil and the property market struggling. Plus, these investments are at times marketed by large state-owned banks, which some investors see as an implicit guarantee.
Experts have long fingered China's big shadow banking sector as a potential problem for the world's second-largest economy. And now, as the country's growth is on the wane, concerns are increasing about the ability of borrowers to pay off debts.
Last month, economists surveyed by CNNMoney identified shadow banking as the number one risk to the health of China's economy, marking the first time it has topped the list since the survey's inception in 2013.
Yucheng Group couldn't be reached for comment Monday, as related websites and phone lines were down or disconnected.
--CNN's Serena Dong contributed to this report

Monday, February 1, 2016

The Iowa caucuses, explained

The Iowa caucuses, explained

Story highlights

  • Caucus meetings for Iowa Democrats and Republicans begin at 7 p.m. Central Time
  • The electorate in the caucuses is only a fraction of the Democrats and Republicans who will vote in the fall
Washington (CNN)No one said democracy should be easy.
Iowa voters on Monday at last cast their verdicts on the Democratic and Republican presidential fields in the state's intricate and quirky caucuses, officially launching the 2016 White House race.
But along with Iowa's first-in-the-nation privileges come responsibility. After all, the state's discerning political activists can make or break campaigns painstakingly pieced together over years in a single night.
So it's fitting that the caucuses -- caucuses, plural, not singular caucus -- impose some unusual burdens on voters. In the Iowa caucuses, unlike primaries countrywide, you can't just get away with pulling a lever in a curtained polling booth at any time of the day that's convenient.
    Instead, hardy Iowans must attend public meetings in school gyms, arts centers, churches, libraries, restaurants and even fire stations in 1,681 precincts to vote for a candidate. The process is much longer -- it can take several hours -- and more convoluted than a primary ballot. So we've provided a guide to understanding how the Iowa voting ritual works.

    When does it all start?

    Caucus meetings for Iowa Democrats and Republicans begin at 7 p.m. Central Time, or 8 p.m. for the East Coast. Anyone who shows up on time can take part. But don't be late. Once the doors close, there is no entry for stragglers.

    Do Democrats and Republicans run their caucuses the same way?

    No.

    So how do the GOP caucuses work?

    The GOP process is the simpler one.
    Caucus meetings begin with the Pledge of Allegiance and then activists get straight to the main event -- selecting their presidential candidates in a binding vote.
    Each campaign gets the chance to have a representative make a final pitch to any wavering voters before a secret ballot. Some caucus sites might use a printed ballot paper. Others just go with a candidate's name on a scrap of paper.
    Raw totals of votes are tallied by local party officials and sent to Iowa GOP headquarters, where a running count is kept.

    And the Democratic ones?

    The Democratic caucus system is a little more intricate.
    As soon as the meetings open, attendees must declare a preference for a candidate.
    Typically, backers of each presidential hopeful physically stake out positions around the room. People who still can't make up their mind join a group known as "uncommitted."
    This is where it gets complicated. In order to be considered "viable," a group must clear a certain threshold -- usually around 15% of the entire caucus turnout in each precinct.
    Once first-round votes are tallied, anyone stuck in a group that is not "viable" has the chance to align with a candidate who has passed the threshold.
    This year it's likely that supporters of Martin O' Malley, scraping along at low single-digits in the polls, will struggle at many caucus meetings to form a "viable" coalition.
    The former Maryland governor thinks differently, saying at a CNN town hall Monday night that "my message to the O'Malley supporters across this state is this: Hold strong at your caucus."
    But it's one of the cruel realities of the caucuses that if the O'Malley pack is too small, all the determination in the world won't be enough, and his supporters will have to decide whether to join backers of either former Secretary of State Hillary Clinton or Vermont Sen. Bernie Sanders during a second count -- known as a "re-alignment period."

    Is that the only difference?

    No. A controversial aspect of the Democratic caucuses is the lack of a secret ballot.
    That means people will have to live with the vote they cast in front of their friends and neighbors for the next four years. And the faint of heart may be susceptible to pressure from more vociferous contemporaries.
    Thus, a candidate who wins the first round of a caucus is not home safe. They can still end up losing if their supporters fail to win over backers of candidates eliminated for not passing the threshold and instead see that support go elsewhere -- one reason why the organization and training of precinct captains is so crucial for campaigns.
    It's also why the second choices of voters for a presidential candidate are so important in the Democratic caucuses.
    Once the final count is completed, local officials work out how many delegates from a precinct each candidate gets to send the local county convention, the next step in a process that will end at the Democratic National Convention in Philadelphia in July.

    Who shows up to vote?

    For some voters, it's all too much trouble.
    So the actual electorate in the caucuses is only a fraction of the tallies of registered Democrats and Republicans who will vote in the fall. That's one reason why you often hear complaints that the caucuses are hardly the most democratic process -- especially given the state's disproportionate influence on the presidential race.
    Generally, caucus participation has been around 20% of registered voters in each party in recent election cycles.
    Poll: Trump dominates GOP field at 41%
    Poll: Trump dominates GOP field at 41% 02:45
    In 2004, for example, there were half a million registered Democrats in Iowa, but only 124,000 or so showed up on caucus night, according to the Iowa Caucus Project at Drake University.
    In 2012, there were 614,000 registered Hawkeye Republicans but only 121,000 made it out on caucus night.
    The exception to the rule was in 2008 during the electrifying race between Clinton and then-Illinois Sen. Barack Obama -- who made good on a vow to turn out new voters.
    A stunning 239,872 Democrats flocked to take part -- a figure equivalent to nearly 40% of the party's registered voters.
    Both Republican real estate developer Donald Trump and Sanders dream of such a showing on Monday night.
    The Vermont senator, however, warned Tuesday that he'd probably not match the Obama surge.
    "Frankly, I don't think we can. What Obama did in 2008 is extraordinary," Sanders said.

    Can independents participate?

    Another wrinkle that angers critics is the way independents are shut out: Only registered Democrats or Republicans can take part.
    In theory, people who have not previously registered to vote can arrive at a caucus site and do so. And it is possible to switch party affiliation on the night. But the system is still criticized for keeping out more moderate voters and often leads to a perception that only the most committed, radical voters show up.
    There were frequent veiled whispers from the Clinton campaign in 2008 that the system unfairly helped Obama, who ran to the former New York senator's left.
    Clinton was still simmering in 2012 when she told her friend Sidney Blumenthal in a recently released email that the caucuses were "creatures of the parties' extremes."

    When will we know who won?

    The final tabulated results will be declared by the Democratic and Republican Parties. It could all be wrapped up between about 11 p.m. ET and midnight. But soon after the caucus doors close, it should be possible for CNN to report on where the race is heading and begin the process of projecting a winner and estimating the delegate count.
    Iowa officials will be hoping that there will no repeat of the debacle in 2012. On that night, Mitt Romney was declared the winner by only eight votes over former Pennsylvania Sen. Rick Santorum, who is running again this year. But a certified tally issued a few weeks later found Santorum had won by 34 votes.
    By then it was too late: Santorum had been deprived of the momentum an Iowa caucus win brings. Romney was on a roll and had won New Hampshire, en route to the GOP nomination.

    Will there be any signs of a winner earlier than that?

    The elevated level of commitment demanded of caucus-goers is one reason why the vote is so tough to forecast -- no one can tell exactly who is going to show up.
    This time around, for instance, the hopes of Sanders and Trump rely on their neophyte political operations turning out thousands of new voters who have never attended caucus meetings in the past.
    The turnout riddle could give early pointers as to how things will go on Monday night.
    If there are early reports of Iowans flocking to caucus sites in unusually high numbers, there's a good chance it will be a happy night for Sanders and Trump. If not, look for Clinton and Texas Sen. Ted Cruz to be firing up the victory party.