Dolce and Gabbana Sentenced To Jail For Tax Evasion

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June 19, 2013
GWOP
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Stefano Gabbana (left) Domineco Dolce (right)

ROME (AFP) –  An Italian court Wednesday sentenced fashion house duo Dolce and Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.

Lawyers for Dolce and Gabbana, whose celebrity clients include Beyonce and Madonna, immediately said they will be appealing, and under Italian law the sentence will be suspended in the meantime.

Domenico Dolce and Stefano Gabbana were accused of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.

Prosecutors had argued that setting up the Luxembourg company Gado — an acronym of the surnames of the two designers — while the company was operating out of Italy was a bid to defraud the state.

Investigators completed a probe into the designers, as well as five other people, in 2010 and the case was dismissed in April 2011 but reopened in November last year and went to trial.

Founded in 1985, Dolce and Gabbana employs more than 3,000 people and has 250 shops in 40 countries around the world.

Doughboyz Cashout : CTE World [trailer]

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June 18, 2013
Doughboyz Cashout
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trailer for Doughboyz Cashout new video with Jeezy & CTE

Kanye West “Yeezus” [short film]

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June 17, 2013
Kanye West
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www.kanyewest.com

Weekend Box Office: June 14-16, 2013

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June 17, 2013
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Title / Weekend Gross (in millions usd)

  1. Man of Steel   $116.6 m
  2. This Is The End  $20.7 m
  3. Now You See Me  $11 m
  4. Fast & Furious 6 $9.5 m
  5. The Purge  $8.3 m
  6. The Internship  $7.1 m
  7. Epic  $6.2 m
  8. Star Trek Into Darkness  $6.2 m
  9. After Earth  $4 m
  10. Iron Man 3  $2.9 m

Jay Z “Magna Carta Holy Grail”

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June 16, 2013
Jay Z
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Jay Z drops new album on July 4 with Samsung.

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Nevada Medical Marijuana Dispensary Law Signed By Brian Sandoval

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June 15, 2013
GWOP
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CARSON CITY, Nev. — After 13 years of waiting, medical marijuana patients in Nevada will soon have a legal way to obtain the drug without growing it themselves.

Republican Gov. Brian Sandoval signed SB374 into law Wednesday evening. The measure establishes the framework to make pot available to medical marijuana card holders, and imposes fees and requirements for growers, processors and dispensaries. It also contains provisions to continue to allow home-growing until 2016.

The tax revenue created will first fund the regulation of the dispensaries. Any remaining revenue will be funneled to education.

According to the National Conference on State Legislatures, Nevada is the 14th state to legalize medical marijuana dispensaries, and one of 19 states to allow medicinal pot, along with the District of Columbia.

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Detroit Won’t Pay $2.5 Billion It Owes

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June 14, 2013
GWOP
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ROMULUS, Mich. (AP) — Detroit’s emergency manager says the city is defaulting on about $2.5 billion of debt.

Kevyn Orr said Friday that Detroit is asking creditors to take about 10 cents on the dollar of what they’re owed. Underfunded pension claims will get less.

Orr spent about two hours Friday morning with dozens of people representing banks, insurers and companies holding Detroit debt. He told reporters earlier at an airport hotel in Romulus he wants to fix fiscal problems that have made the city insolvent.

He has instituted a moratorium on all of Detroit’s payments on unsecured debt, seeking forgiveness of millions of dollars owed by the city.

He also said $1.25 billion will be set aside over 10 years for public safety, lighting and neighborhood blight elimination.

U.S.A. 16 and Under National Basketball Team May Be as Dominant as the Dream Team

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June 13, 2013
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The current USA U-16 national team may be as dominant as the Dream Team

Here is the U16 finalists dunking around after practice. Video features Seventh Woods, Josh Jackson, Malik Monk, and Terrance Ferguson.

16 under Team USA rolled to a 130-31 opening victory in the FIBA Americas Championship  on Tuesday against Mexico.

99 points is the largest margin of victory than the original Dream Team or any U.S. senior national team has ever.

Magician Does Magic Tricks For The Homeless Turns $1 Into $100

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June 12, 2013
Stuart Edge
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Stuart Edge  filmed this video around in Provo and Orem, Ut. He basically just drove around all day looking for people who were panhandling on the side of the road and performed a magic trick turning $1 into $100, giving homeless people money out of his own pocket.

 

Hip Hop Album Sales: The Week Ending 6/9/2013

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June 12, 2013
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Hip Hop Album Sales: The Week Ending 6/9/2013

#2. Daft Punk – Random Access Memories – 62,000 (494,000)

#11. The Great Gatsby Soundtrack – 24,000 (347,000)

#12. Macklemore & Ryan Lewis – The Heist – 22,000 (798,000)

#34. Lil Wayne – I Am Not A Human Being II – 11,000 (476,000)

#35. French Montana – Excuse My French – 11,000 (85,000)

#40. The-Dream – IV Play – 9,100 (32,000)

#51. Kendrick Lamar – good kid, m.A.A.d city – 8,100 (921,000)

#75. Kid Ink – Almost Home EP – 5,300 (20,000)

#123. will.i.am – #willpower – 3,300 (58,000)

#166. Beastie Boys – Licensed To Ill – 2,600 (5,749,000)

* data comes from Nielsen Soundscan, rounded to nearest thousandth for units above 10,000, nearest hundredth for units below 10,000.

Google Close to Buying Waze for $1.3 Billion

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June 9, 2013
GWOP
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Waze-app4

Google is set to acquire much sought-after Israeli navigation app startup Waze, after the two companies agreed in principle to most term, including a price tag exceeding $1.3 billion in cash, sources said Sunday.

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