Community / International / National / News / September 27, 2012

News briefs: Romney releases 2011 taxes

Romney releases 2011 taxes

UNITED STATES — Republican presidential candidate Mitt Romney last week released his 2011 taxes. The move came after weeks of scrutiny regarding the former governor’s financial transparency. In 2011, Romney paid $1.9 million on $13.7 million in income, at a rate of 14.1 percent. He was eligible to take an additional $4.02 million in tax deductions due to his charitable endeavors, which would have reduced his tax rate to 10.4 percent. Critics accused Romney of deliberately paying more taxes during an election year. His campaign released the information just days after a video leaked in which Romney told donors at a fundraising event that 47 percent of Americans view themselves as “victims.”  (Source: ABC News)

Apple sells 5-million units of iPhone 5

UNITED STATES — Apple sold more than five million units of the iPhone in the first three days of the smartphone’s release, the company reported. Apple stock jumped to more than $700 per share after analysts predicted the phone could sell as many as 10 million units in the first weekend. The company sold 4 million units of the iPhone 4s over the same period last year. Apple is currently on pace to become the world’s first trillion-dollar company by 2015. The company, however, also made headlines last week after more than 2,000 workers at a Chinese factory owned by the manufacturer of iPhones engaged in a brawl. The episode highlighted growing tension regarding poor work conditions at factories that manufacture Apple products. (Source: Forbes)

Obama: Iran supports Syrian dictatorship

NEW YORK — President Barack Obama accused Iran of propping up the Syrian dictatorship in an address to the United Nations General Assembly Tuesday, Sept. 25. He said Iran supports terrorist groups abroad and that Syrian President Bashar al-Assad’s regime must “come to an end.” Obama also said “Ttime is not unlimited” for the U.N. to resolve the body’s nuclear dispute with Iran through diplomacy. Obama urged world leaders to condemn recent attacks on U.S. diplomats.  (Source: Washington Post)

Crundwell horse sells for $750,000

DIXON, ILL. — U.S. marshals kicked off a two-day live auction Sunday, Sept. 23 to sell more than 300 prized quarter horses that belonged to ex-Dixon Comptroller Rita Crundwell. The highest grossing horse, a former world champion, sold for $775,000. Crundwell was charged with one count of wire fraud in May after she allegedly embezzled more than $53 million in city funds. Proceeds from the auction will go into an escrow account. If proven guilty, the funds will go to Dixon and the U.S. Marshals Service, which has overseen Crundwell’s collection of more than 400 horses since May. If not guilty, proceeds will return to Crundwell. The 59-year-old Dixon woman has pleaded not guilty and awaits trial in federal court. (Source: Chicago Sun-Times)

Matt McKinney
Matt McKinney is a senior majoring in creative writing and minoring in journalism. His experience with journalism ranges from a year as co-sports editor for TKS to an internship with the Chicago Sun-Times, where he used his Spanish language skills to report a front-page story on changes to federal immigration policy. He has also written for The Galesburg Register-Mail and Knox’s Office of Communications. Matt is the recipient of the 2012 Knox College Kimble Prize for Feature Journalism and two awards from the Illinois College Press Association, including a first place award for sports game coverage. He is currently interning virtually with The Tampa Bay Times and will pursue his master's next year at Northwestern University's Medill School of Journalism.

Tags:  47 percent Apple Barack Obama Dixon Fraud iPhone 5 Iran mitt romney Rita Crundwell syria U.S. Marshals Service

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Matt McKinney
Matt McKinney is a senior majoring in creative writing and minoring in journalism. His experience with journalism ranges from a year as co-sports editor for TKS to an internship with the Chicago Sun-Times, where he used his Spanish language skills to report a front-page story on changes to federal immigration policy. He has also written for The Galesburg Register-Mail and Knox’s Office of Communications. Matt is the recipient of the 2012 Knox College Kimble Prize for Feature Journalism and two awards from the Illinois College Press Association, including a first place award for sports game coverage. He is currently interning virtually with The Tampa Bay Times and will pursue his master's next year at Northwestern University's Medill School of Journalism.




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