Tag Archives: money

New Character of Tekken 6

Alisa Bosconovitch

Deep in the forests of Russia is a heavily guarded research facility-the Bosconovich Laboratory. This facility was highly valued by the Mishima Zaibatsu as a hub for the organization’s military equipment development.

The lowest level of the Bosconovich Lab houses a top-secret area in which a young girl was found sleeping in a clear capsule. Her name was Alisa Bosconovich-her surname an homage to the Lab’s founder and the facility’s mysterious effects on her development. There are no other details on her..

Marshaw Law

During The King of Iron Fist Tournament 5, Marshall Law’s illegal employment in Japan was detected, causing him to be deported resulting in his deportation back to the United States. The deadline to pay for his son’s accident was approaching, but Law had no means to deliver the cash and was completely out of ideas.

With money on his mind, Law received a timely invitation from his friend, Paul Phoenix, to team up in the next tournament. Although receiving the top prize money would be difficult to accomplish alone, the likelihood of doing so would be much higher if he was to team up with another fighter. After accepting Paul’s invitation, Law realized that three people would be even better than two, so he set his eyes on the world-famous boxer, Steve.

Lars Alexandersson

The Mishima Zaibatsu started a war against the world. The rise of the G Corporation opposition resulted in a global trail of carnage. In the fray, a large portion of the Zaibatsu’s special military unit, the Tekken Force, defected from the organization.

Lars Alexandersson led the coup d’etat and became a ranking officer in the Tekken Force at a fairly young age due, in part, to his renowned physical and mental ability. Despite this high rank, Lars often fought on the front lines, which made him quite popular among his subordinates. Only he knew the fact that he drew the Mishima bloodline through his father, Heihachi. Even Heihachi was not aware of this piece of information.

Eddy Gordor

Eddy failed to win The King of Iron Fist Tournament 5. He pleaded with Jin–who had become the new head of the Mishima Zaibatsu–to help him save his mentor. Jin agreed to help develop medical treatment for Eddy’s mentor in exchange for Eddy reporting directly to him as a part of the Tekken Force. Eddy knew nothing about the Tekken Force other than the fact that it was a private military outfit, but he agreed to join if it would save his mentor.

At once, Eddy became a member of the Tekken Force and carried out the Mishima Zaibatsu’s plans of destruction around the world. Even though he knew the consequences of his actions, Eddy was unable to leave the Tekken Force. When the Mishima Zaibatsu announced The King of Iron Fist Tournament 6, Eddy joined the tournament as a member of the Tekken Force in order to eliminate those who would threaten Jin.

Yoshimitsu

Yoshimitsu was following Bryan Fury to take revenge for his fallen comrade when he noticed a sinister aura emanating from the spirit sword. The weapon, by its nature, was in continuous pursuit of blood, driving its owner insane. Yoshimitsu had been suppressing the sword’s power by supplying it with the blood of the malicious and evil; however, it was becoming more difficult to maintain the sword’s balance.

Left unchecked, there was a chance the sword may cause chaos and destruction in its quest for a new owner. To prevent this from occurring, Yoshimitsu attained the Fumaken, a sword with the ability to contain the power of the evil sword. At the same time, he joined The King of Iron Fist Tournament 6, where evil energy collected, hoping to return the balance of the spirit sword to its more stable state.

Mercedes-Benz must pay $482,000 for ‘LEMON’

A judge has ordered Mercedes-Benz USA LLC to pay $482,000 in damages and legal fees to a Wisconsin customer who was sold a defective car and not given a refund on time.

Vince Megna, a Milwaukee lawyer who represents the customer, said he believes the judgment is the largest involving a single car under a state “lemon law,” which protect consumers who are sold junk cars. The judge is expected to sign the final order as early as Friday.

Mercedes-Benz spokeswoman Donna Boland said the company, a unit of the German car maker Daimler AG, is disappointed the judge overturned an earlier verdict in favor of the company. The spat over the 2005 Mercedes-Benz E 320 has already dragged on more than four years, and the company’s lawyer on Friday asked the court to put the judgment on hold pending an appeal.

While states have a variety of lemon laws, Wisconsin’s is one of the strongest. It allows customers who buy cars that don’t run or can’t be repaired to demand a replacement or refund. Manufacturers have 30 days to respond and can be ordered to pay double the purchase price plus legal fees for violating the law.

Bob Silverman, a prominent lemon law attorney in Ambler, Pa. who was not involved in the case, agreed it was one of the largest judgments for a car he’s seen and was an important victory for consumers.

“This one result is very important to the entire auto industry,” Silverman said. “It teaches them a lesson they ought to comply with the law promptly or they are going to have to pay in the end.”

‘A complete nightmare’
Despite the pending judgment, customer Marco Marquez, a 37-year-old businessman from Waukesha, called the case “a complete nightmare” and said he was still waiting for his money back. Once a big fan of Mercedes-Benz who has owned several of its cars, he now says he’ll never buy another.

It all started when Marquez, who owns Mexican restaurants in Waukesha and Janesville, purchased the E 320 for $56,000 from a Milwaukee dealership in 2005.

Almost immediately, the car often would not start. The battery was replaced multiple times, but the problem continued. After several repair attempts, the dealership said the problem could not be fixed.

Marquez hired Megna, who sent the company a refund demand in October 2005. After a few weeks, an employee tried to talk Marquez into taking a replacement instead. He declined and again asked for a refund. At one point, the employee said he should fire his lawyer and deal with them on his own.

The company finally agreed to the refund, but failed to provide one within 30 days. On the 31st day, Megna filed the lawsuit on behalf of Marquez seeking double damages and attorneys’ fees.

Mercedes-Benz has acknowledged the car was defective, but for years has accused Marquez of acting in bad faith.

The company says an employee asked Marquez for information about his auto loan on the 30th day so the refund could be granted, but Marquez failed to follow through. Megna said Mercedes-Benz had the information it needed for the refund but was stalling.

Ruling overturned
A judge ruled in Marquez’s favor in 2007, awarding $202,000 in damages and legal fees. But an appeals court in 2008 overturned that decision and ordered additional proceedings, saying a jury should decide whether Marquez intentionally prevented the company from giving the refund on time.

A jury sided with the company last year, agreeing Marquez acted in bad faith. But in a rare move, Waukesha County Circuit Judge Michael Bohren overturned the verdict, saying it was not backed up by evidence. He ruled in Marquez’s favor, citing a clear “lack of urgency” by Mercedes-Benz to refund his money.

A series of rulings by Bohren have calculated the damages for Marquez at roughly $168,000 (double the purchase price plus interest), plus $314,000 in costs and legal fees for Megna and other lawyers.

In the meantime, Marquez has continued to drive the vehicle in question, which now has 56,000 miles. He said it was back in the shop for repairs twice last year but has been “working fine” lately. Still, he can barely contain his anger at the company he once admired.

“Frustrated is really an understatement,” he said. “You put that much faith in a car company and you give your hard-earned money to that company and then you are basically let down. You drop $50,000 for a car that doesn’t work.”

China finds $84bn local government debt irregularities

National Audit Office said breaches included “irregular credit guarantees”, “irregular collateral” and “fraudulent and underpayment of registered capital”.

There are growing concerns about the amount of bad loans being held by local governments.Official figures show they held debt of 10.7tn yuan ($1.7tn; £1.1tn) in 2010.

“The State Council is studying proposals to enhance local government debt management and to address fiscal and financial risks,” the audit office said in the report.
‘Again and again’
Continue reading the main story
“Start Quote
A lot of the local debt will be absorbed by the central government”
Michael Pettis Peking University

Local governments have been borrowing money from Chinese banks to fund projects aimed at maintaining economic growth.

According to the China Banking Regulatory Commission, local governments took up 80% of total bank lending in China at the end of 2010.

However, analysts said that although the lending had helped to spur investment and boost growth, it was now weighing on local governments.

“Whenever you look at lending that spurs growth miracles, it starts off with an increasing ability to pay the debt,” Professor Michael Pettis of Peking University told the BBC.

“But in every case that ability fades. That is the process that is happening in China,” he explained. “We are going to see stories like this again and again.”
Easing burden?

In October last year, China allowed four local governments to sell bonds for the first time in 17 year. It was hoped the sale would help them pay their loans.

However, the central government put a limit on the amount of bonds the local governments could issue despite the fact that there was a lot of interest among investors.

According to the Xinhua news agency, Shanghai’s bond sale received bids for three times the amount of bonds on offer.

As a result, many of the local governments still have sizeable debts and while the central government may let them raise money, it may also have to take further measures to solve the problem, analysts said.

“A lot of the local debt will be absorbed by the central government,” said Mr Pettis of Peking University.

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