POLL: Should Mitt Romney Release More Tax Returns?

It's an issue Democrats will not let go of, and one even many Republicans now believe must be addressed:

Mitt Romney has released tax returns from 2010 and 2011. But he has so far refused to delve further into his past, raising questions about what sort of loopholes or offshore accounts the Presidential candidate is hiding.

"We've given all people need to know and understand about our financial situation and about how we live our life," Ann Romney said today on Good Morning America.

But even prominent conservatives such as Haley Barbour think Romney ought be more forthright, and a USA Today survey of 539 adults show one-third of Republicans agree.

It hasn't been the best week for Romney. He was booed during an NAACP after making a comment about Obamacare.

Where do you stand on the tax return issue? Should Romney release more documents?

Source: http://www.thehollywoodgossip.com/2012/07/poll-should-mitt-romney-release-more-tax-returns/

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Navarrette: Will veepstakes buzz fizzle out? (CNN)

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Peregrine CEO denies lavish lifestyle, assets to be sold

CHICAGO/CEDAR FALLS, Iowa (Reuters) - Peregrine Financial Group Chief Executive Russell Wasendorf Sr., who last week confessed to bilking futures customers of more than $100 million, owned a jet plane and an extensive wine collection but he did not, he said in his confession, live large.

"I don't live a lavish lifestyle," Wasendorf wrote in a signed note detailing the 20-year fraud. "Although I am sure that some people will think that I do."

A complete copy of the confession was obtained by Reuters on Wednesday.

As a court-appointed receiver in Chicago prepares to sell Wasendorf's Hawker Beechcraft jet, his $100,000 wine collection and other assets that may have been bought with stolen money, the federal court in Cedar Rapids postponed Wasendorf's Wednesday bail hearing until July 27 to give him more time to work with his newly appointed public defender.

He will remain in custody until then, a spokesman for the U.S. Attorney General said.

The 64-year-old owner and founder of the failed Iowa-based brokerage was arrested last Friday, days after a botched suicide attempt, and charged with lying to government regulators.

Once a well-known figure in the futures trading industry, Wasendorf now faces "up to decades" in prison, prosecutors have said, with additional charges likely to be filed. He confessed to using a post-office box and forged bank documents to dupe regulators, customers, employees and even his own son for 20 years.

In his note, Wasendorf said he began taking customer funds in 1993, just one year after he launched the brokerage, to keep the company afloat.

In the confession he said he had spent most of the funds he "misappropriated" on building a new headquarters in Cedar Falls, boosting the firm's capital, covering business losses, and paying fines and fees charged by regulators.

"I don't feel bad having deceived the Regulators -- the CFTC (the Commodity Futures Trading Commission) and the National Futures Association," Wasendorf said in the note. "These Regulators are not the Police of the Industry they are the Gestapo!"

In the note, Wasendorf was by turns angry and contrite. He explained he was "constantly trying to find a way to replenish" customer accounts by building new businesses, and that "given more time I may have been able to pull it off and pay back everything."

Spokesmen from the CFTC and the NFA declined to comment.

As the unfolding scandal shocked the trading community last week, the CFTC last Tuesday charged Wasendorf with misappropriating customer money. Regulators said more than $200 million is missing. That same day, Peregrine filed to liquidate under Chapter 7 of the U.S. bankruptcy code.

CONDO, WINE FOR SALE

Michael Eidelman, the receiver for Wasendorf in the bankruptcy of PFGBest, as his firm is known, is moving to secure the CEO's personal assets, including a $100,000 personal wine collection stored at myVerona, Wasendorf's high-end Italian restaurant in Cedar Falls, Iowa, Eidelman said in an interview.

Other assets include a jet, valued by brokers at $7 million to $10 million, that is now at an airport in Waterloo, Iowa, and a condominium near Lake Michigan in downtown Chicago, valued by the county's property tax assessor at about $1 million.

The director of the Waterloo airport where the jet is parked said that a representative from CFTC had called to ask that the locks be changed on the city-controlled hanger so it could be secured.

The condo will "go on the market pretty soon," Eidelman said. Wasendorf also owns a house just outside Cedar Falls worth close to $1 million, property records show.

"Upon information and belief, the assets owned by the Wasendorf Entities are diversified and include a restaurant, publishing company, aircraft and a construction company," Eidelman said in a motion Tuesday requesting that the bankruptcy court give him more power and funding to pursue and secure those assets.

"It is possible assets owned by the Wasendorf Entities may have been procured with funds embezzled from PFG," he said.

Eidelman asked the court for permission to employ the jet's pilot and myVerona's manager, as well as the chief financial officer at Wasendorf & Associates, which runs Wasendorf's now-closed publishing arm, to help him "identify, locate, secure, and take custody of the assets owned and controlled by Wasendorf Sr. and the Wasendorf entities."

The criminal case is USA v. Wasendorf, U.S. District Court, Northern District of Iowa, No. 12-131

The bankruptcy case is Peregrine Financial Group Inc, Case No. 12-27488 U.S. Bankruptcy Court, Northern District Of Illinois (Eastern Division).

(Additional reporting by Tom Polansek and PJ Huffstutter; Editing by Maureen Bavdek and Tim Dobbyn)

Source: http://news.yahoo.com/peregrine-ceo-denies-lavish-lifestyle-assets-sold-195534084--sector.html

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New inquiry into death of UN's Dag Hammarskjold

LONDON (AP) ? A group of international jurists has been commissioned to reinvestigate the 1961 death of U.N. Secretary-General Dag Hammarskjold, one of the Cold War's most enduring mysteries.

A statement released Wednesday by a committee of former officials and academics said the team would reexamine the case with an eye toward trying to getting an answer to the question of what happened to Hammarskjold, whose death cut short the career of a man many consider the U.N.'s most effective leader.

British lawmaker and former trade unionist David Lea, the committee's chair, said in a statement that "the whole truth, in significant respects, has yet to be told."

Hammarskjold's plane went down over the thick forests of Northern Rhodesia, now known as Zambia, on the night of Sept. 17, 1961. Hammarskjold was one of 15 people to die as a result of the crash.

Hammarskjold had been in the midst of negotiating an agreement to end the deadly fighting between the government of Congo and its independence-minded, mineral-rich province of Katanga ? a deadly struggle shot through with post-colonial intrigue and Cold War rivalries. Three investigations failed to determine the cause of the crash, leaving his fate clouded by conspiracy theory. Some claim the Americans had Hammarskjold killed. Others believe that mercenaries backed by Western business interests were responsible. Other theories pointed the finger at the Soviets, who accused Hammarskjold of complicity in the execution of Moscow-backed Congolese independence leader Patrice Lumumba. A more recent, less sinister hypothesis blamed pilot fatigue.

Lea ? who was joined on the committee by Henning Melber, the executive director of the Dag Hammarskjold Foundation, and Nigeria's Emeka Anyaoku, the former Commonwealth secretary-general ? said that more evidence was still spilling into the public domain. In particular, he cited the 2011 book, "Who Killed Hammarskjold?" by fellow committee member Susan Williams, whose work alleges that the U.N. leader's death was deliberate and that damning evidence was covered up.

The new inquiry has no official standing but includes several high-profile jurists, including South African Justice Richard Goldstone, who led the U.N. fact-finding mission on the conflict in the Gaza Strip. The remaining members are retired British Lord Justice Stephen Sedley, former Swedish diplomat Hans Correll, and Wilhelmina Thomassen, a Dutch Supreme Court judge.

The inquiry hopes to complete its report within a year and submit its findings to the U.N.

___

Online:

The United Nations' Dag Hammarskjold website: http://www.un.org/Depts/dhl/dag/index.html

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-07-18-Hammarskjold%20Inquiry/id-d980765f217440e2b82ba1e0abdfd45a

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Say What?! Is Vera Wang Dating Olympian Evan Lysacek?

Fashion icon Vera Wang is not only divorcing her husband of 23 years -- but she might also be moving on already with figure skater Evan Lysacek, who is 36 years her junior!

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Tobias Barrington Wolff: Mitt Romney: No Good Reason for Refusing to Release Tax Returns

Mitt Romney's refusal to release his personal tax returns from past years has led people to wonder what he may be hiding. That is an important question. But another question is equally pressing: What good reason is there for Mr. Romney to refuse?

In 2007 and 2008, Mitt Romney ran for president. Had he secured the nomination of his party instead of John McCain, he presumably would have released his tax returns for those two years, at the very least. What good reason can he have for refusing to release those years now? If he was prepared to release his 2007 and 2008 returns as a candidate in the last election, what has changed in this race?

Or consider the years 2002 through 2007, when Mr. Romney ran for and then served as governor of Massachusetts. What reason can a presidential candidate have for refusing to release tax returns for the only years during which he was actually an elected official?

One might even ask about 1994, when Mr. Romney ran unsuccessfully for the U.S. Senate against the late Ted Kennedy. There is no general call for the former governor to release returns going back that far. But what would the objection be, when the man was putting himself forward to be the people's representative in Congress at the time?

Mitt Romney has been either a candidate for office or a public official for much of the last 18 years. For the last ten years, acquiring and exercising the power of public office has been his full-time quest. In refusing to release the tax returns that could answer many of the outstanding questions about his relationship with Bain Capital and his personal tax behavior, Mr. Romney attempts to shake the etch-a-sketch and erase that history. To use the revealing phrase of his surrogate Ed Gillespie, Mr. Romney is trying to "retroactively retire" from the job of being a candidate for office and a public official.

But the history is clear: For more than ten years, Mitt Romney has been putting himself forward as a public figure worthy of occupying high office, not merely a private citizen. He is now a major-party nominee for president, and he must meet a higher standard of accountability. That includes, at the very least, making disclosure of his financial and business dealings during the very years when he has been asking voters to entrust him with the exercise of public power.

There is simply no good reason for Mr. Romney to refuse.

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Source: http://www.huffingtonpost.com/tobias-barrington-wolff/mitt-romney-tax-returns_b_1677027.html

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