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OurCrowd (Joel Pollak / Breitbart News)

Israel’s OurCrowd Revolutionizes Investing, Startup Funding

JERUSALEM, Israel — The future of tech investing is housed–barely–in a stone spice warehouse on the Hebron Road in Jerusalem. There are, I am told, bullet holes in the walls, from the days when the building faced the boundary with Jordan. On the day I visit, it sounds like a war zone–a battle of drills and hammers, fire alarms and telephones, as the company expands into neighboring space. Only two years old, OurCrowd is revolutionizing startup funding–and growing rapidly.

Ponomarev (Ivan Sekretarev / Associated Press)

CBS: Russian Lawmaker Opposing Putin Exiled, Stuck in Bay Area

Ilya Ponomarev, the lone figure in Russia’s Duma to vote against Russia’s annexation of the Crimea in 2014, thus opposing Russian President Vladimir Putin, cannot return to his wife and children in his native country after he visited San Jose nine months ago. Putin has effectively barred Ponomarev from returning, as the Russian government accused him of using $750,000 in public funds for his own benefit and he could be arrested if he travels back to Russia.

Comcast

Charter Moves Forward on Friendly Bid for Time Warner Cable

John Malone, Chairman of Liberty Media, the dominant shareholder of Charter Communications, reportedly called Time Warner Cable CEO Rob Marcus in recent days about a friendly merger following the collapse last week of an offer by Comcast to buy Time Warner, according to the Wall Street Journal blog. Malone and Marcus appear be discussing a 3-way merger that would challenge Comcast’s industry dominance.

Libby Schaaf (Facebook)

Jerry Brown’s Protégé in Oakland in Trouble over Riots

Oakland Mayor Libby Schaaf, a former aide to Jerry Brown, is facing strong criticism over her handling of riots in Oakland this week. Because Oakland police allegedly delayed calling for help until roughly 15 minutes after a protest turned violent, Oakland’s Auto Row took a terrible beating on Friday night, with scores of vehicles’ windows smashed as well as the windows of banks and stores

Starbabycare Maternity Tourism (Screenshot / Starbabycare.com)

11 Chinese ‘Maternity Tourists’ Charged After Fleeing U.S., Owners Still Free

Federal arrest warrants were issued for eleven Chinese nationals last week, targeting clients of so-called “maternity tourism” businesses who had fled back to China after being ordered to stay in the U.S. as material witnesses. None of the the owners of the three maternity tourism operations raided in early March have yet been charged for any crime, according to the Orange County Register.

King-Salman_AP

Saudi Arabia Has World’s Worst Negative Cash Flow

Saudi Arabia is still rich, but they are burning through their foreign reserve cash at a record pace due to lower oil prices and an unwillingness to cut the domestic spending that ensures the survival of the royal family. With the nation hemorrhaging cash, Saudi Arabia’s total foreign reserves fell by 5 percent, or $36 billion in just the last two months.

AP Photo/Ng Han Guan

Tesla’s Energy Battery Back-Up System Finally Unveiled

Tesla Motors Inc. CEO Elon Musk unveiled a line of home and industrial battery packs at an event late Thursday afternoon. Musk said that Tesla is “trying to change the fundamental energy infrastructure of the world.” Although the system announced appears favorable compared to the numerous competitor’s battery solutions currently offered, Tesla’s high reliability stand-by power is much more expensive than generators and has a commercially unfavorable investment recapture period of eight to ten years.

Soros (Associated Press)

George Soros to Enjoy ‘Shared Sacrifice’ of Paying $6.7 Billion Tax

George Soros is often called the “Godfather of the Left” for supporting a worldwide network of progressive causes with over $550 million in donations. But the world’s 27th wealthiest person–according to Forbes–with a net worth of about $30 billion has allegedly used tax deferral to prevent paying any taxes on $13.3 billion profit. Now, according to an Irish regulatory filing by Soros, he will soon be enjoying the shared sacrifice of paying a 50 percent tax that will wipeout a quarter of his net worth.

AP Photo

Lawyers That Won NCAA Anti-Trust Case May Receive $50 Million Fee

U.S. Judge Nathanael Cousins, at a San Jose hearing on Wednesday, called the ground-breaking case against the National Collegiate Athletic Association (NCAA) an “adventurous and risky lawsuit.” The judge signaled he is likely to award the $50 million requested by plaintiffs’ lawyer Hausfeld LLP, who won what Cousins called “the most significant antitrust case of the era.”

dwp

Corruption in LA Water and Power

On Thursday, a city audit conducted on two nonprofit trusts created by the Los Angeles Department of Water and Power was released, revealing a pattern of financial dealings that smacked of corruption.