Abacus Wealth Management

8 Things You Should Know This Morning

1. Court Sentences 6 AP Officers to Death

The High court has sentenced six administration police officers to death for killing seven taxi drivers in along Naivasha Road in Kawangware, Nairobi on March 11 2010.

The six, Ahmed Omar, Ahmed Shaffi, Michael Lewa, Moses Lochich, Nelson Too and Erick Melchizedek were found guilty by a Nairobi court Tuesday and convicted of seven counts of murder.

2. Time Magazine Choose Obama as Person of the Year

Time magazine have picked Barrack Obama as the person of the year 2012 stating Obama built a coalition that “spells the end of the Reagan Re-alignment that defined American Politics for 30 years.”

meanwhile…

3. Twists, Turns and New Cracks in Jubilee

Now to the men and women seeking to replace president Kibaki and we turn to the confusion in the jubilee house. It is now emerging that Deputy Prime Minister Musalia Mudavadi committed himself to a nomination process after signing the gentleman’s agreement with Uhuru Kenyatta.

4. Multichoice Won’t Resell Exclusive EPL Rights

You will watch the English Premier League (EPL) only on DSTv. Pay-TV firmMultiChoice has turned down calls by the industry regulator to re-sell some of its exclusive content like the English Premier League rights to rival operators in Kenya. The South Africa-based firm operates the DStv satellite television service across Sub-Saharan Africa and has maintained that forced sharing of content like SuperSport would harm its revenues and their appeal to advertisers.

5. 5 Countries Ban Brazilian Beef due to Madcow Concerns

Egypt and Saudi Arabia have joined the growing list of countries imposing restrictions on Brazilian beef, after the South American country belatedly confirmed a case of “atypical” BSE in a cow, two years after the animal’s death. The World Organization for Animal Health (OIE) on Dec. 7 announced the discovery of BSE in a 13-year-old breeding cow, raised on a farm in Brazil’s southern state of Parana. The cow actually died in December 2010, but due to a two year delay in conclusive testing for BSE, Brazil didn’t reveal its findings until this month.

6. Toyota Fined USD 17.4M(KES  1.479 Billion) for Failing to Report Defects

Toyota Motor Corp. (7203), the company that has paid the most in fines to the U.S. auto-safety regulator, agreed to pay a $17.4 million civil penalty for delaying reports of a vehicle defect.

The new fine stems from a June recall for Lexus RX 350s and RX 450h vehicles where the accelerator pedal could catch on the driver’s side floor mat, causing it to stick and accelerate when the driver didn’t intend to. It’s Toyota’s second penalty since 2010 for delayed reporting of defects.

7. How to Finance Mortgage with Rental Income

Here is a question that I get from many readers: Is it possible to buy a house on mortgage and then recover the monthly instalments from the rent?

The answer is both yes and no.

8. Japan Worker Finds USD 120000 in Cash, in Trash

A worker at a waste disposal site in Japan found $120,000 cash (about KES 10 million) in a stream of pulverised rubbish, police said on Wednesday.

“There were about a thousand 10,000 yen ($118) bills that came out of a pulveriser unscathed,” said a spokesman at the Asaminami police department in Hiroshima prefecture, in the country’s west.

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