Here’s the latest from theHill.com. Bottom line – nobody knows what’s going to happen when Congress is back in session.
Business News
More pain ahead for victims of Sarasota Ponzi scheme
Now, a federal bankruptcy court trustee claims Boccio was unjustly enriched by the Ponzi when he received monthly payments totaling $64,500.
“If I have a net loss of $170,000,” said Boccio, who lives in Lakewood Ranch. “How was I enriched?”
Diamond’s $37 million Ponzi may look small compared to that of Lou Pearlman of Back Street Boys fame, the Orlando man who stole more than $300 million from his victims. And Fort Lauderdale lawyer Scott Rothstein is serving 50 years while his victims nurse $1.4 billion in financial wounds.
But for the victims, the size of the Ponzi does not really matter. Their savings are still gone forever. And in all three cases — small, medium and large — trustees appointed by federal bankruptcy judges are using state and federal law to try to collect money from people that bankruptcy lawyers call “net losers.”
This type of lawsuit is called a “clawback,” meaning that the trustee wants to seize illicit profits from knowledgeable investors.
The legal theory is that the investors were sophisticated, that they should have known they were investing in a Ponzi scheme because there were warning signals, and that by staying involved and collecting money, they were unjustly enriched.
Kingston Ventures Study Tour introduces Queen’s MBAs to local businesses
MBA students setting out to tour local businesses — from left, Chris Sinkinson, Gautam Garg, Andrew Barclay, Khalil Saade, Sufian Mughal, Sara Dudley and Ashutosh Kaushik
KINGSTON, ON – The Queen’s full-time MBA Class of 2011 toured local businesses and learned to fine tune their pitching skills during the 9th annual Kingston Ventures Study Tour (KVST) on Sept. 16.
Each year, the KVST offers the incoming MBA class the opportunity to study small and medium sized businesses in the Kingston area. The event provides great exposure for local businesses and helps generate ideas about career direction for students. The tour provides students with an authentic insight into the real-life challenges faced by SMEs in Canada.
MBA teams are assigned three Kingston companies to visit throughout the day where they have the opportunity to ask questions about the nature and scope of the business. At th
Tonight’s debate seen as crucial to Alex Sink
But today, as she heads into her first face-to-face debate with Scott, Sink is still trying to answer perhaps the most important question of all:
Why should voters vote for her?
Unlike Scott, Sink did not have a tough primary test to build support from Democrats and define her candidacy.
Her campaign has yet to find a hook to match Scott’s slogan of “Let’s Get to Work,” or to present an economic plan as detailed as Scott’s, which calls for cutting billions in taxes and fully half the budget of the state prison system.
Sink, 62, a former banker, portrays herself with the decidedly less catchy slogan: “The only candidate with 25 years of proven business experience.”
Unlike Scott, whose ideas even some Republicans call unrealistic, Sink has filled her Web site with more modest plans for reviving the state’s economy, such as “stabilize and expand small businesses.”
Scott, 57, has never held elected office, Sink is the state’s chief financial officer.
LinkedIn Career Explorer: Helping College Graduates Find Their Career Path
Starting today, we’ll be rolling out this feature to students at 60 universities across the United States as a beta program and in the coming months we’ll expand access to the broader LinkedIn population.

Here are the five key features of Career Explorer:
• Explore different career paths: Career Explorer offers career path recommendations tailored to your work interests, based on the real paths of professionals with similar profiles. Students can create and save multiple career paths with Career Explorer.

• Find people in your network to help you get there: The most effective way to find a job is through a personal connection. See who
Optus claims blasted
THE competition watchdog claims slowing broadband speeds after customers exceed a download limit on an ”unlimited” plan is like selling them a Ferrari with one gear.
But the judge hearing a case between SingTel-owned Optus and the regulator said throttling broadband speeds to 256 kilobits per second (kbps) was more like selling a crumbling car.
Advertising unlimited broadband gave customers the impression they were getting a Ferrari, ”but what is disguised is the fact that the steering wheel disintegrates after 10 kilometres,” Justice Tony North said in the Federal Court in Melbourne.
The Australian Competition and Consumer Commission took action against Optus in June for misleading and deceptive conduct, claiming its advertising campaign for unlimited mobile and broadband plans actually included several limitations.
Optus has stopped using the word unlimited in advertising and agreed its mobile plan included several limitations, which were not adequately disclosed.
However, there was disagreement yesterday whether throttling broadband speeds limited service, as customers could still download as much as they liked at the reduced speed.