What Is Naked Short Selling?}

October 24th, 2017

What is Naked Short Selling?


Joel Arberman

Naked short selling or naked shorting is an illegal stock trading practice, in which investors sell a particular stock which they do not possess and can not borrow. In capital markets, this practice is called Fail to Deliver (FTD), since the seller fails to deliver the shares to the buyer. In ordinary short selling, an investor borrows shares, which he believes overvalued, and then sells in open market. If you do so, you may make profits by buying the same shares once the share price declines after sometime. Normally, overvalued stocks fall and recover after some time. In a naked short selling, the sellers do not borrow stocks and do not intend to borrow the shares to make the delivery within the required three-days time period. The sellers fail to deliver the particular stock which they are supposed to deliver, resulting in ‘failure to deliver.’ It is widely believed that some professional investors and hedge funds are involved in naked short selling by using loop holes in the stock trading system.

How does Naked Short Selling work?

In a naked short selling, the sale is processed without the possession of the stock by the seller. Although naked short selling is illegal, it is legal under certain circumstances. For example, if you are a market maker who needs to provide shares for a stock which has limited liquidity, naked short selling becomes legal. This ‘fail to deliver’ system can create widespread deterioration in micro-cap stocks. The investors with short positions may pick on small emerging companies and cause their stocks to plummet. This would also induce investors with long positions in micro-cap stocks to abandon their positions. However, some on Wall Street believe that naked short selling is promoted by the owners of small public companies in order to divert investor attention from corporate issues and regulatory problems surrounding them.

Naked short selling may have a negative effect on the entire stock market, since the fraudulent investors can use naked short selling as an instrument to manipulate the market. Many of these illegal trades go unpunished, since only those investment companies, which are the members of the NASD are required to comply with delivery rules.

North American Securities Administrators Association (NASAA) recently commented that there has been no substantial evidence that naked short selling exists. NASAA was established to monitor the functioning of Reg SHO, a regulatory body established to modernize naked short selling rules. The Depository Trust & Clearing Corporation (DTCC), which provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter (OTC) derivatives transactions, said recently that 9 of the 12 cases filed against it by the plaintiffs are either dismissed or withdrawn. DTCC, however, did not deny the existence of naked short selling.

Joel Arberman is the Managing Member of Stock Aware, LLC. We publish a free investment research and analysis newsletter. Learn more at


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20 percent of Victorians drive on worn tyres

October 23rd, 2017

Wednesday, June 7, 2006

A survey released today by the RACV and Victorian Automobile Chamber of Commerce found that 20 percent of cars in Victoria have at least one worn or unroadworthy tyre.

The study looked at 1,000 cars last month and found of those 200 had at least one tyre that had worn.

Chief engineer for the RACV, Michael Case said that driving on worn tyres could increase the distance it takes a car to brake and road safety. “Increasing the braking distance can increase the chance of running into the car in front of you and having an unnecessary collision and if that collision is serious enough certainly it can cause injuries” said Mr Case.

It is widely accepted that tyres are one of the most important parts of a vehicle. As tyres are the only part of a vehicle in contact with the road, they affect acceleration, braking and cornering.

As well as the safety issues associated with driving a vehicle with a worn tyre, drivers can be fined for “driving an unsafe vehicle” and fined AUD$171, in addition police may “defect” the vehicle, restricting its use until repaired. Victorian law requires that tyres have a minimum tread depth of 1.6mm.

Wikinews investigated the average price of each tyre on a typical large and small Australian sedan, and SUV and found the cost to be AUD$129, AUD$105, and AUD$191 respectively.

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Report into 2003/2004 New South Wales (Australia) hospital safety released

October 23rd, 2017

Monday, January 31, 2005

New South Wales – 452 serious incidents that occurred during 2003 and 2004 have been brought to light, by a report released today about the safety of patients in the hospital system in New South Wales, Australia. Many of the incidents highlighted by the report resulted in injury, or even death.

The report detailed 13 patients who had operations that they were not meant to have or who had the wrong part of the body operated upon. It also noted that another 22 were seriously injured in falls in wards and bathrooms.

Other statistics included four suicides in hospital, with another 128 occurring in community care. Another nine people retained surgical instruments or materials inside them after the operation. The rest of the serious incidents related to labour and delivery problems (26) and clinical management problems (157).

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Formula One set to see standardised engines

October 22nd, 2017

Wednesday, December 10, 2008

Formula One looks set to enter an era of standardised engines. The FIA is meeting with teams in Monte Carlo and is expected to approve the use by some teams of a standardised power unit provided by Cosworth, an automotive engineering company, from 2010 onwards. The move to a standard engine, which is common in lower tiers of open wheeled racing such as GP2, was pushed for by FIA President Max Mosley earlier this year as he aims to reduce team costs. This would not see the exclusion of manufacturer made engines, as at this time participation in the system would be voluntary and teams would be free to build licensed Cosworth engines or their own powerplants but on a performance par with the Cosworth unit. Mosley has stated that stabilising Formula One means that the FIA “…must stabilize the system with a base engine which anyone can have and which is inexpensive, as well as a standard gearbox” and has warned of future budget problems, saying that “Honda pulled out because of falling car sales and there is no guarantee that these falling sales, which affect all manufacturers, will not drop further”.

Ahead of the meeting of the FIA there have been rumours in the Italian press that Formula One team Renault had broken with the Formula One Teams’ Association (FOTA), rumours which Renault has strongly denied. FOTA was established earlier this year by the teams to negotiate with the FIA over cost cutting measures and other changes, changes it hopes will stop the introduction of compulsory standardisation of engines and other parts on F1 cars. The FOTA’s position was hard hit last week by the announcement by Honda that they were leaving F1 due to the economic crisis, a move which has caused many teams to re-assert their commitment to a future in Formula One. David Richards, whose Prodrive entry to Formula One was called off last season due to costs, highlighted what he sees as the need for fundamental changes, saying that Honda’s exit was ‘a salutary lesson for the whole of F1 that things are going to have to change, and everything is going to have to come back a little bit if the whole sport is to prosper in the future’.

Five teams have reportedly expressed an interest in the Cosworth engines from the 2010 season, the five being all four independent teams (Williams, Force India, Red Bull Racing and Scuderia Toro Rosso) joined by manufacturer Renault. If only four teams sign up to the idea, the FIA has announced it will go ahead. Renault have been highly vocal in criticising the failure of the engine development freeze that has existed in Formula One and have, after a couple of seasons of struggling, been under pressure from their parent company to justify the continued expenditure in Formula One. Cosworth have previously been prolific engine suppliers in Formula One, their last stint was supplying engines to Williams in 2006.

The talks come as many of the Formula One teams are in Jerez for part of their winter testing regime, with potential Toro Rosso driver Sebastian Buemi topping the time sheets for the first two days.

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Grapefruit Is Getting More And More Popular}

October 22nd, 2017

Grapefruit Is Getting More And More Popular


Judy Sommer

The grapefruit dieted mechanism in the midstream-idiom, but does it have any staying intensity? In other language, if your goal is to plummet heaviness rapidly and gain it all back in a month, then go for it. If, however, your goal is to have lasting authority defeat, the grapefruit diet is not for you. Here’s why.

The grapefruit dieted has been around for many days. It’s been modified faintly over the years, but for the most part, it’s the same. The chief dieted plan for the grapefruit diet consists of four meals. Breakfast includes a half a grapefruit, three eggs, and two slices of bacon. Lunch is another half a grapefruit, a folder of meat (any kind), and a salad with any class of dressing. Dinner is again, a half a grapefruit, any slice of meat, salad and then added to that a cup of auburn. The last meal isn’t truly a meal, but moreover an 8 oz wineglass of tomato juice or fat-released milk.

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Proponents of the grapefruit diet publicize the grapefruit as having a fat-burning enzyme which is why it’s added to all but one meal. Grapefruit is a brilliant fruit and a good wholesome choice for fruit; but it’s not magical! The grapefruit dieted helps a persona crash import abruptly because it’s drastically low in calories. As with most fad diets a trick (here the grapefruit) is worn to promote a severe cut in calories. The grapefruit dieted has a dieter drinking around 800 calories per day which is not an adequate quantity of calories to consume.

A norm-sized female who is moderately active wants around 1800-2000 calories per day for the body to event suitably. When the diet is different and healthful, this 1800-2000 calories brings that woman best diet in language of receiving all the recommended daily allowances of important vitamins, reserves and integrity. The grapefruit dieted is sincerely lacking in filament, calcium, iron and many other important nutrients. Over time, this will origin and contribute to crucial nutritional deficiency linked evils such as anemia and osteoporosis. The ought of yarn will conduct to gastrointestinal evils such as constipation. In addition, yarn has been revealed to promote import beating, slash serum cholesterol and aid in colon tumor prevention.

So, say goodbye to a dilute body that will fit into the mass nought dress, but you might want to prize up some make-up to shield the pale, ailing face you’ll be sporting as well! And whoever said a convex stem as seen in osteoporosis wasn’t sexy? Healthy mass demise is not achieved with the grapefruit diet, floor line! And more than likely, you should keep the tags on the dimension zero dress because the emphasis will be back as shortly as you launch ingestion routinely again.

Seriously, lasting emphasis pasting consists of gradual, steady mass death resulting from a vigorous, various diet, training and patience. The grapefruit dieted contains nobody of these things. Start by figuring out your daily caloric wishes for mass maintenance. There are many calorie calculators on the internet that develop your height, burden, age, sex and activity direct to establish the quantity of calories needed for emphasis maintenance.

Next, fulfill that one squash of body fat is equivalent to bumpily 3500 calories. Healthy authority failure is about one to two pounds per week. Therefore, if you fancy to squander one crush per week, you’ll need to shrinkage calorie intake and burn calories to the pitch of 500 calories per day. This could be as minimal as eliminating dessert at night and pleasing a quick 2.5 mile march. Two pound per week requires a debt of 1000 calories. This should only be achieved through calorie decline combined with drill, or you’ll be right back to maximum calorie saving seen in the grapefruit diet. Ramp up that work-out! Go another mile, use the bias, or swell resistance on the elliptical.

Lasting stress pasting isn’t about gimmicks and fads such as the grapefruit diet. Lasting authority debited requires the qualities to commit to vary their eating and task habits for good.

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Grapefruit Is Getting More And More Popular


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Cadbury’s recall over 1 million chocolate bars over salmonella fears

October 22nd, 2017

Friday, June 23, 2006

The British confectioner Cadbury’s has recalled over one million chocolate bars from retailers in the UK and Ireland over fears that they may be affected by salmonella. The company is stressing that it is only a precautionary measure, and that customers should not be concerned if they have eaten one of the bars.

The bars affected are the Dairy Milk Turkish 250g, Dairy Milk Caramel, Dairy Milk Mint bars, Dairy Milk 8 chunk, Dairy Milk 1kg bar, Dairy Milk Buttons Easter Egg 105g and 10p Freddo bar. Uneaten products can be returned to ‘Cadbury Recall, Freepost MID20061, Birmingham B3O 2QZ’, and then a full refund will be given. Customers can also call 0800 818181 if they are concerned.

Cadbury has said that it expects to have fresh stocks of the products back on the market in the near future.

The decision was made in consultation with the Food Standards Agency.

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In depth: Buffalo, N.Y. hotel proposal controversy

October 22nd, 2017

Friday, May 26, 2006

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

In February of 2006, the Savarino Services Construction Corp. proposed the construction of a seven million dollar hotel on Elmwood and Forest Avenues in Buffalo, New York. In order for the hotel to be built, at least five properties containing businesses and residents would have to be destroyed. It was not certain whether the properties were owned by Savarino or by the landlord Hans Mobius. The hotel was designed by Karl Frizlen of the Frizlen Group, and is planned to be a franchise of the Wyndham Hotels group.

Elmwood Avenue is known by the community as a popular shopping center, and Nancy Pollina of Don Apparel (who is “utterly against” the construction) claims it’s the only reason why students from Buffalo State College leave campus. Additionally, Michael Faust of Mondo Video said he did not want to “get kicked out of here [his video store property].”

In 1995, a Walgreens was proposed to be built on the same land, but Walgreens later withdrew its request for a variance because of pressure from the community. More recently, Pano Georgiadis tried to get the rights to demolish the Atwater House next to his restaurant on Elmwood Avenue, but was denied a permit due to the property’s historical value. He has since been an opponent to the hotel construction.

In the process of debating the hotel, it was thought that a hotel had previously existed on the proposed site, however; research done at the Buffalo and Erie County Historical Society had shown that no hotel had previously existed on the site.


  • 1 In depth
    • 1.1 The initial meeting
    • 1.2 Hotel redesign
    • 1.3 The second meeting and the planning board’s decision
    • 1.4 Threats of lawsuit
    • 1.5 Approval by the Common Council and Planning Board
    • 1.6 Lawsuit filed
    • 1.7 Proposal withdrawn
    • 1.8 Properties for sale
    • 1.9 Documents threaten hotel proposal, businesses on site
  • 2 Chronology
  • 3 Gallery

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Ontario Votes 2007: Interview with Green candidate Marion Schaffer, Oakville

October 22nd, 2017

Monday, September 24, 2007

Marion Schaffer is running for the Green Party of Ontario in the Ontario provincial election, in the Oakville riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Nu Cerity Expert Review}

October 22nd, 2017

NuCERITY Expert Review


Joey Fratantoni

What is NuCERITY?

NuCERITY is a somewhat new network marketing company promoting a heathcare product. Their main product is Skincerity. Combined with this product is the business. This allows members to sell the product and earn commissions. Distibutors can also earn commissions on new members sponsored. Like many other network marketing companies that promote a health care product, NuCERITY has a vision they promote strongly on thier website. This is to eventually become a billion dollar company, splitting half of it’s earnings with it’s distributors, all while creating a positive impact in the world with their unique product. Whoopdy doo.

What’s Up With The Product?

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The main product, Skincerity, is a masque that is designed to increase the look and overall composition of your skin. The mask is applied by roller and is designed to be easily integratable with your Essentially NuCERITY’s vision was to create a product that was simple to use and offered enormous health benefits to it’s users. From the customer testimonials on the company website it appears as if the product is very effective and has received great feedback.

How about price? This is the ultimate question that usually has some people uncertain when it comes to buying health products through network marketing. Usually the price is too high, or the customer just can’t see paying $140 a month for four bottles of some ‘power juice.’ In the case of NuCERITY, the product is different compared to a beverage and offers powerful health benefits. This product is $89.95 for a 1 oz bottle. This is pretty typical in the network marketing industsry. A company promotes what seems like an overpriced product, where in all actuality, you could purchase a similar product for half off.

What About The Cash?

NuCERITY pays out 50% to it’s distributors. This is pretty high considering the payout of some companies can be as low as 15%. I have seen some as high as 68%, so this is pretty good to say the least. You earn commissions two basic ways. One, by enrolling customers. Two, by enrolling distributors onto your team to help sell more product and increase your organizational volume. There are different views when it comes to which one you should focus on, but I would recommend focusing on building a team and leveraging the efforts of your team. This is working smarter and get’s you closer to that highly sought after residual income.

NuCERITY’s compensation plan is fairly generous and includes bonuses such as customer acquistion bonuses, fast start bonuses, ‘Diamond Rewards,’ and matching bonuses. All designed to encourage production and duplication within your team.

The Current State Of NuCERITY

As mentioned earlier, NuCERITY is relatively new. It is too soon to really decide the future of NuCERITY. They have targeted a very popular and ever increasing segment of the population, being the health and wellness industry. The product is exceptional and apparently does work well. The only thing we will have to look out for is can NuCERITY capatilize on the current healthcare trends and will the price become a factor in retaining customers and even distributors. Essentially for any network marketing company to experience success and get past that 5 year mark, they need sturdy upper management and a market demand for their product. Personally I feel NuCERITY can and will overcome all obstacles in their path, just as long as they continue to spread the message about their product. There are millions of people across the world who want and will use the product. It will be up to the company and distributors to market this well.

Some Final Considerations

You’re here right now to learn more about NuCERITY. Maybe you just wanted to know about the product or you were doing research to see if the business opportunity was rigth for you. Out of complete honestly I can say I don’t know. Personally, I am just a third party and am not affiliated with this company. It is going to depend on whether you think this business is a good fit and you can actually promote the product. The most crucial thing you have to look at is, if you do decide to join this company will you be able to meet your financial goals and make it work? Will you have a marketing plan you can implement to enroll new customers as well as distributors? These are the questions you must ask. There are thousands of companies. Will YOU choose NuCERITY?

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NuCERITY Expert Review


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Business Brief for December 15, 2005

October 22nd, 2017

Thursday, December 15, 2005

These are short blurbs about current events in the business world.


  • 1 US trade deficit grows to record levels in October
    • 1.1 Sources
  • 2 Wal-Mart adds 140 outlets in Brazil
    • 2.1 Sources
  • 3 Canadian trade surplus stable through October
    • 3.1 Source
  • 4 Amgen buys Abgenix, retains full rights to profits
    • 4.1 Source

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