‘Grit, grace and glory’: New Zealand marks queen’s jubilee

Anhang widow faked Jewish heritage to find refuge in Israel, trial told

SAN JUAN, PUERTO RICO — Looking for a safe refuge from American justice, the widow of murdered Winnipeg native Adam Anhang used forged documents to claim she was Jewish, and then asked an Israeli lawyer: “How can I be protected? Is Israel American soil?”

A jury in San Juan heard the account of international deception Friday in the trial of Aurea Vazquez-Rijos, accused with her sister and a boyfriend of conspiring to have Anhang killed in 2005 in a bid to get their hands on millions of dollars from his estate.

The forgery scheme, which included the widow’s mother and brother, was revealed through the introduction of dozens of emails and documents by the prosecution, which closed its case Friday.

Vazquez-Rijos was not Jewish; however, in her pre-nuptial agreement with Anhang in 2005, she promised to convert to Judaism within two years of their wedding. Anhang was killed six months later in an assault on a San Juan street, with his wife by his side. The killer later told police he’d been promised $3 million by the three accused to kill Anhang.

Tibial tray connected to aerospace sector …

There are thousands — perhaps tens of thousands — of people in the United States who are walking around with Manitoba-made metal parts in their bodies.

After Winnipeg-based manufacturing solutions provider Precision ADM Inc. got started in 2015, one of its first jobs was fabricating U.S. Food and Drug Administration-approved tibial trays — a critical component for knee replacement surgery that transmits loads from the femur to the tibia, ensuring stability, alignment and durability over millions of cycles of use.

Manufacturing the tibial trays for a client in the U.S. stands out as a vivid memory for Martin Petrak, the company’s co-founder and president.

“We made something that could go into a human, that should be there for the rest of their life,” he says. “We thought, we’ve finally done something significant here as an organization, as a company, with staff that believed that we could do this.”

Broadening prediction-market gambling a bad idea

Let’s make a prediction: sooner or later, when Canadian governments find a way to take their own cut of the action, prediction-contract gambling on everything from sports to entertainment to political decisions is going to come to Canada.

And that’s a horrible, dangerous, pernicious idea.

Unless you have particular access to information — either inside information or strategic information based on skills or education — you’re not likely to make money at it. In fact, structurally, you’re likely to lose. In prediction markets, you basically pay an amount, plus fees from the company involved, to bet on whether something will or will not happen within a certain time frame. The amount you pay for your contract depends on how other people are also betting.

As Wealthsimple describes it, “You buy whichever side you think is right. Prices move with demand, so if the market leans towards one outcome, the more that side costs. If a lot of people are backing the TSX to finish above 38,000, yes gets more expensive and no gets cheaper.”

Musk’s gambit unlikely to end well

Elon Musk is that rarest of things, a benign sociopath, and therefore a person of considerable value to the world. He has just made a mistake that could ruin his long-term plan, for his purchase of Twitter is almost bound to end in tears. The sharks are always circling the very rich and highly geared, and I find myself worrying about him.

International flavour: Canadian investors may want to make like Ottawa, diversify beyond U.S.

Canada is learning the hard way about the dangers of putting too many eggs in its U.S. economic basket.

Much has been made about the need to diversify our economy away from the United States.

Diversification is understandably beneficial. The more varied streams of revenue a nation has, the less affected the economy will be when one of those sources is interrupted.

The same can be said about investment portfolios.