Class Action Court’s Final Approval of Pending Ed Okun Settlements October 7

Notice of disclosure: I am not an attorney nor am I part of the proceedings in this case. Please perform your own due diligence when looking for dates, times, and announcements on the Ed Okun case. If you reference Gearld McHale’s blog (link below) you will find all appropriate information.

The Ed Okun 1031 Tax Group proceedings continue as the restitution news continues to it’s conclusion. Trustee Gerald Mchale’s newsletter #16 contains  the following notice:

“In major procedural areas, the bankruptcy court has set hearings (i) on approval of the disclosure statement for August 13, and (ii) confirmation of the Plan for October 7.  The class action court will hold a hearing on final approval of the pending settlements, and certification of the class for purposes of approving those settlements, on October 7 as well. This will hopefully lead to the ability to make distributions during the calendar year 2009 if these proceedings are successfully concluded.”

Date #1 August 13: Approval of Disclosure Statement

The bankruptcy court has set hearings (i) on approval of the disclosure statement for August 13.

Date #2 October 7: Hearing Final Approval of Pending Settlements

The class action court will hold a hearing on final approval of the pending settlements, and certification of the class for purposes of approving those settlements, on October 7 as well.


The Summer of Our Discontent: Eight is Enough

Chicago Post-Tribune published this deansguide article 7-18-09

The summer of 2009 may go down as one of the most memorable times for the loss of so many influential people. Many would argue that the list of people who have passed away this summer is less than memorable. Yet we all have our favorites and what we value. One man’s trash is another man’s treasure. For me, a complete fanatic of social pop culture, these people mark times and memories in my life. The people who were my peers remind me of my own vulnerability to the inevitable. With each loss, we should remember and honor in the best way possible. In no particular order:

1. Farrah Fawcet: Iconic super model actress of the 1970’s spawned an entire hairstyle and look

2. Walter Cronkite: The  greatest newsman anchor who ever slipped on a microphone–period!

3. Michael Jackson: Greatest dancer, R&B singer, creative talent of my generation

4. Steve McNair: Crushing the myth of the black QB with NFL excellence

5. Ed McMahon: The Alltime 2nd banana

6. Arturo Gatti: Known for his two guns smokin style of brawling, Gatti gave his heart and soul to boxing

7. Karl Malden: A San Francisco institution right “Stevie Boy?” Streets of San Francisco loved Karl

8. Billy Mays: Pop culture pitchman, too loud but extremely sucessful in getting our attention even with the volume off!

Cronkite, Walter Jackson, Michael Fawcett, Farrah

Social Media’s Connectivity and Evolution: Bruce Lee to The UFC

Carnac Johnny Carson

Courtesy Carnac the Magnificent Wiki

Johnny Carson’s Carnac the Magnificent could not have framed it better: “Social Media, Bruce Lee, the UFC.  .  . What’s a revolution, an institution, and a evolution.” Social Media is the revolutionary byproduct of Web 2.0 and blogging. It is a collaborative paradigm shift in communication and connectivity characterized, by Tim O’Reilly, as an “architecture of participation.” Yet what does it have in common with Mixed Martial Arts of the UFC and martial arts legend Bruce Lee? A: Connectivity and evolution.

Bruce Lee

Courtesy BruceLeeDivineWind.com

Bruce Lee and The UFC

Bruce Lee description of his fighting philosophy: “Be formless… shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle; it becomes the bottle. You put it into a teapot; it becomes the teapot. Water can flow, or it can crash. Be water, my friend…”  It was Bruce Lee’s creation of Jeet Kune Do that was the roots of Mixed Martial Arts. Jeet Kune Do relies upon multiple (mixed) styles no one more important than the other. Lee’s philosophy was that the opponent and circumstances dictated which discipline within Jeet Kune Do be used against an opponent. It is not fixed or rigidly patterned like traditional martial arts but rather it is a philosophy with guiding thoughts. Nearly 40 years later, the UFC represents the evolution of Jeet Kune Do by becoming the fastest growing sport on the planet.

Social Media and Blogging

Like Bruce Lee’s role in the creation of mixed martial arts,  blogging is the forefather or foundation on which Social Media was built. The connectivity that blogging brought to the masses is the basis for the Web 2.0 revolution that ushered in our current era where individuals have the power to create brands, mass media styled messages, and connect on a world wide basis with their targeted audience(s).

5 Things We Are Learning About Social Media

  1. Social Media was built upon blogging as a platform
  2. Social Media’s blogging platform is evolving with the explosion of micro-blogging
  3. Social Media’s evolution is based on philosophies that allow for the malleable change and growth of social networks
  4. Social Media’s evolution and continued growth relies upon adoption of social networks
  5. Social Media’s growth depends upon participation and contributions by new adopters within social networks

World’s Most Expensive Cities to Live: Top 10

Tokyo

Courtesy Forbes.com

Chicago Post-Tribune published this deansguide article 7-11-09

Forbes.com is the master of lists and Top 10 offerings. One of the most compelling is their Top 10 Most Expensive Cities to Live. The following is the list and each city’s 2008 ranking. Notes of interest shows Japan dominating the Top 10 list with #1 and #2, New York City vaulted from #22 to #8, and Copenhagen, Denmark is in the Top 10- remains a mystery.

World’s Most Expensive Cities to Live

1. Tokyo, Japan: 2008 ranking #2, Cost of Living index 2008: 127; Cost of Living index 2009: 147

2. Osaka, Japan: 2008 ranking #11. COL index 2008 110; COL index 2009 119.2

3. Moscow, Russia: 2008 ranking #1, COL index 2008 142.4; COL index 2009 115.4

4. Geneva, Switzerland: 2008 ranking #8, COL index 2008 115.8; COL index 2009 109.2

5. Hong Kong: 2008 ranking #6, COL index 2008 117.6; COL index 2009 108.7

6. Zurich, Switzerland: 2008 ranking #9, COL index 2008 112.7; COL index 2009 105.2

7. Copenhagen, Denmark: 2008 ranking #7, COL index 2008 117.2; COL index 2009 105.0

8. New York City: 2008 ranking #22, COL index 2008 100.0; COL index 2009 100.0

9. Beijing, China: 2008 ranking #20, COL index 2008 101.9, COL index 2009 99.6

10. Singapore: 2008 ranking #13, COL index 2008 101.9; COL index 2009 98.0