CPreports 10/24/12 – Paulson Donates 100M for Central Park, Rajat Gupta Sentence, Apple Patent


CPreports 10/24/12 – Paulson Donates 100M for Central Park, Rajat Gupta Sentence, Apple Patent

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    The grass in Central Park just got a whole lot greener, as billionaire John Paulson, gifts the Central Park Conservancy, a 100 million dollars! This is the biggest donation ever given to a park anywhere in NYC, and according to Mayor Bloomberg “this is a gift to everyone”. Yes it is and now tell us wht will you do with the money? The Conservancy plans to use the money to spruce up the North Woods and the Merchant’s Gate. I say let’s also improve on the safety of the park. More light, so we can go for romantic late night walks safely. And how about more tennis courts! That would be cool. What do you guys out there think? What else could be improved in Central Park? Post your comments!

    Today’s sentencing of disgraced Wall Street titan Rajat Gupta for insider trading, could come down to whether a judge agrees that his lifetime of charity counts against sending him to prison. The former Goldman Sachs board member was convicted in June of leaking boardroom secrets to hedge fund manager Raj Rajaratnam, his friend and former business associate, at the height of the financial crisis. As one alternative to prison, the defense proposed “a less orthodox” plan in which Gupta would live and work with Rwandan government officials to help fight HIV/AIDS and malaria in rural districts, court papers said. Yes insider trading is bad, very bad indeed, but I actually think this kinda sentence would be much more useful to society than putting him away in prison.

    As Apple reveals its iPad Mini, Samsung is working hard in the background to reverse Apple’s patents.and successfully so looks like. According to a recent court filing, Samsung managed to win a preliminary invalidation of a key Apple patents. The patent in question allows a user to bounce back to the image on the touch screen if the user goes beyond the edge. Samsung had been found to have infringed upon this patent and was asked to kindly pay 1.05 billion dollars in damages to Apple! Man I kinda feel sorry for the judges who have to try these cases.

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