Global banking rules won't stop next meltdown


































IT IS like storm-proofing a building with a paper towel. From 2015, the world's banks will be forced to keep a proportion of their assets in reserve, to prevent a repeat of the 2008 banking crisis. But economists say the rules will make little difference.












Serafín Martínez Jaramillo of the Mexican Central Bank endorses the move but says it doesn't allow for the fact that bad debts can spread through the economy and take down many banks at once. This was at the heart of the 2008 crisis. "You have to incorporate contagion."













Simone Giansante of the University of Bath, UK, has modelled the effects of such rules and found they barely reduce this risk (Social Science Research Network, doi.org/j59).












Many economists say what's needed is a system that can also identify threats ahead of time.


















































If you would like to reuse any content from New Scientist, either in print or online, please contact the syndication department first for permission. New Scientist does not own rights to photos, but there are a variety of licensing options available for use of articles and graphics we own the copyright to.




































All comments should respect the New Scientist House Rules. If you think a particular comment breaks these rules then please use the "Report" link in that comment to report it to us.


If you are having a technical problem posting a comment, please contact technical support.








Read More..

Foxconn cooperating with authorities in bribe probe






TAIPEI: Taiwan's Hon Hai Precision Industry has come under further scrutiny.

The company - which also goes by the trade name Foxconn - said it is co-operating with a probe by China's law enforcement officials into alleged bribery of its supply-chain partners by employees.

Hon Hai also said it is conducting a full review into its policies and practices to strengthen internal controls.

China Times newspaper reported the department involved in soliciting bribes from suppliers is called Surface Mount Technology.

It is in charge of all major procurements of Hon Hai Precision.

As the world's largest electronics contract maker, it is believed the company's purchase of equipment amounts to tens of billions of US dollars a year.

Local media reported Hon Hai's top management first got an anonymous letter last year that tipped them off on the alleged bribery.

Chairman Terry Gou was believed to be furious and immediately reported the case to the Chinese police, which later led to the arrest of one executive.

Hon Hai is reportedly investigating a dozen other employees suspected of having taken bribes. It has suspended its purchases from an equipment maker accused of offering bribes to the employees.

But Hon Hai said the case is not affecting the company's operation.

Mr Gou had ordered an internal investigation, as well as a review of its procurement procedures.

The incident has again put Hon Hai under scrutiny after a string of worker suicides at its factories in 2009.

Since then, it has tried to improve working conditions and wages for its workers.

But analysts say the latest case is not likely to have any major impact on Hon Hai's operation or its share price.

- CNA/xq



Read More..

Latino should have played lead in 'Argo'




Ben Affleck plays the lead role of Tony Mendez in "Argo," which he also directed.




STORY HIGHLIGHTS


  • Oscar nominations on Thursday, and Ben Affleck expected to get one for "Argo"

  • Affleck plays real-life Latino who helped diplomats escape in Iran hostage crisis

  • Ruben Navarrette: Affleck should have used a Latino actor to play role

  • He says it cheats actor out of a job, and the Latino community out of a hero's story




San Diego, California (CNN) -- The upcoming Oscars are no stranger to causes or controversy. And this year, there is a strong dose of both surrounding the film "Argo" -- and its star and director, Ben Affleck.


This controversy bubbled up when the buzz started that Affleck could get an Academy Award nomination for best director when the announcements are made Thursday.


"Argo" tells how an ingenious and daring CIA agent helped orchestrate the rescue of six U.S. diplomats from Tehran during the Iran hostage crisis of 1979-1980. In November 1979, about 300 Islamic students stormed the U.S. Embassy and 66 Americans were taken hostage. But six U.S. diplomats escaped and were hidden at the Canadian Embassy by the Canadian ambassador and his wife.



Ruben Navarrette Jr.

Ruben Navarrette Jr.



The CIA agent -- Antonio "Tony" Mendez, played by Affleck -- successfully led the mission to evacuate the Americans, which involved Mendez and his associates posing as a Canadian film crew that was eager to make a movie in Iran.


The real Tony Mendez was awarded the Intelligence Star for Valor, and other honors, for leading the rescue. He later wrote a memoir, detailing the events in Tehran.








"Argo" is loosely based on Mendez's book. Better make that, very loosely based. As movie critics and others have pointed out since the movie opened a few months ago, the filmmakers took lots of dramatic license with the story. Mendez's role is played up, while that of the Canadians who helped hide and protect the Americans is played down. Some scenes depicted in the film never happened. Some characters are composites of several real people.


In other words, it's what you would expect from a Hollywood feature film based on a historical event. It's not a documentary. It's meant to be taken with a grain of salt, and to be entertaining.


Still, there are some Latinos -- in and out of Hollywood -- who think that, in this case, the filmmakers, and especially Affleck, pushed the concept of creativity too far. They say Affleck missed an opportunity to put more Latinos on screen. Moreover, they say, Affleck improperly claimed, for himself, the choice role of Mendez when he should have cast a Latino actor instead. They insist that the director didn't just cheat a Latino out of an acting job but the Latino community out of a feel-good story about one of their own who won acclaim for a heroic deed.


The critics are right, and their cause is just. Affleck should have tried to cast a Latino to play Mendez. That's common sense, and it would have made "Argo" a better movie. Affleck also didn't do himself any favors by trying to dismiss the criticism with a glib remark that essentially said that it really doesn't matter that the actor playing Mendez isn't Latino since Mendez himself isn't, shall we say, overtly Latino.


At a recent forum intended to publicize the film, Affleck responded to a question from the audience about the controversy by noting that "Tony does not have, I don't know what you would say, a Latin/Spanish accent" and that "You wouldn't necessarily select him out of a line of 10 people and go 'This guy's Latino.' "


Ouch. At least Affleck didn't slip and say "line up."


"So I didn't feel as though I was violating something," he said, "where, here's this guy who's clearly ethnic in some way and it's sort of being whitewashed by Ben Affleck the actor."


Johnny Depp set a better example. Several months ago, Depp turned down the role of Mexican revolutionary Francisco "Pancho" Villa in another film. He said that the role should go to a Latino. I praised Depp at the time for showing that, besides being a great actor, he is also a person of character.


The exclusion of Latinos from Hollywood is an old story. This is still a black and white world, where Latinos rarely get cast in the leading role. We're the gardeners and housekeepers, the gang leader and drug dealers, the nannies and farm workers. That's it. There has been some progress, of course. But not enough -- not when you have a Latina in the Supreme Court, three Latinos in the U.S. Senate, and Latinos heading Fortune 500 companies.


I could blame the environment of Southern California, in which most Hollywood writers, producers and directors live and spend most of their time. When they get up in the morning and drive to work, most Latinos they encounter are subservient. We clean their homes, cook their breakfast, trim their hedges, park their cars and otherwise help them get through the day.


Still, you can push this argument too far, and wind up going down a dangerous path -- one that ultimately sets back the greater cause of trying to get television networks and film studios to create a broader range of meatier roles for Latino actors and actresses.


After all, it's a short walk from saying that a director should have cast a Latino to play a Latino to arguing that only Latinos can play Latinos. And, if that's the argument, then on what moral high ground do Latinos stand to also push -- as we should -- for Latino actors and actresses to be considered for generic and mainstream roles that could have gone to white actors? We can't have it both ways.


Even if Latinos succeed in making their point about this one director and this one movie, it could backfire. We could win this battle, and still lose the war.


But before Latinos can be fully integrated into America and not considered outsiders, we have to take every opportunity to push for inclusion and fairness. And acknowledging that Latinos have the skills to play themselves is a good start.


Follow us on Twitter @CNNOpinion


Join us on Facebook/CNNOpinion


The opinions in this commentary are solely those of Ruben Navarrette.






Read More..

New rules seek to shield consumers, mortgage lenders

WASHINGTON Federal regulators for the first time are laying out rules designed to ensure that mortgage borrowers can afford to repay the loans they take out.

The rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans on the risky "interest-only" and "no documentation" loans that helped inflate the housing bubble.

Lenders will be required to verify and inspect borrowers' financial records. They generally will be prohibited from saddling borrowers with loan payments totaling 43 percent of the person's annual income.

CFPB Director Richard Cordray, in remarks prepared for an event Thursday, called the rules "the true essence of 'responsible lending."'

The rules, which take effect next year, aim to "make sure that people who work hard to buy their own home can be assured of not only greater consumer protections but also reasonable access to credit," he said.

Cordray noted that, in years leading up to the 2008 financial crisis, consumers could easily obtain mortgages that they could not afford to repay. In contrast, in subsequent years, banks tightened lending so much that few could qualify for a home loan.

The new rules seek out a middle ground by protecting consumers from bad loans while giving banks the legal assurances they need to increase lending, he said.

The mortgage-lending overhaul is a priority for the agency, which was created under the 2010 financial law known as the Dodd-Frank Act. The agency is charged with reducing the risk of a credit bubble by helping to ensure that borrowers are better informed and loans are more likely to be repaid.

The agency is charged with writing and enforcing rules that flesh out the law passed by Congress. Some provisions are required under the law, but the agency had broad discretion in designing many of the new requirements.

The rules limit features like teaser rates that adjust upwards and large "balloon payments" that must be made at the end of the loan period.

They include several exceptions aimed at ensuring a smooth phase-in and protecting access to credit for underserved groups. For example, the strict cap on how much debt consumers may take on will not apply immediately. Loans that meet separate federal standards also would be permitted for the first seven years.

Balloon payments would be allowed for certain small lenders that operate in rural or underserved communities, because other loans may not be available in those areas.

The bureau also proposed amendments that would exempt from the rules some loans made by community banks, credit unions and nonprofit lenders that work with low- and moderate-income consumers.

Read More..

Holmes 'Delighted' by Creepy Self-Portraits: Victims













After two days of apparent indifference, accused Aurora shooter James Holmessmiled and smirked at disturbing self-portraits and images of weapons shown in court today, according to the families of victims who watched him.


"When he sees himself, he gets very excited and his eyes crinkle," Caren Teves said outside of the courthouse, after the hearing. "Your eyes are the window to the soul and you could see that he was very delighted in seeing himself in that manner."


Teves' son Alex Teves, 24, died in the shooting.


Prosecutors showed photos that Holmes took of himself hours before he allegedly carried out a massacre at a Colorado movie theater. He took a series of menacing self-portraits with his dyed orange hair curling out of from under a black skull cap and his eyes covered with black contacts. In some of the photos, guns were visible.


Those haunting photographs, found on his iPhone, were shown in court today on the last day of a preliminary testimony that will lead to a decision on whether the case will go to trial. The hearing concluded without Holmes' defense calling any witnesses.


The judge's decision on whether the case will proceed to trial is expected on Friday.








James Holmes: Suspect in Aurora Movie Theatre Shootings Back in Court Watch Video









Police Testify at Hearing for Accused Colorado Gunman Watch Video









Couple Surprised by Rebuilt Home After Sandy Watch Video





Holmes, 25, is accused of opening fire on a crowded movie theater in Aurora, Colo., on July 20, 2012, killing 12 people and wounding dozens others during a showing of "Dark Knight Rises."


The court room's set-up kept members of the media from being able to see Holmes' face as the photos were displayed, but victims and their families could watch him.


Teves said that Holmes was "absolutely smirking" when images of his weapons and the iPhone photos he took of himself were shown in court.


"I watched him intently," Caren Teves' husband Tom Teves said. "I watched him smile every time a weapon was discussed, every time they talked about his apartment and how he had it set up (with booby traps), and he could have gave a darn about the people, to be quite frank. But he's not crazy one bit. He's very, very cold. He's very, very calculated."


Holmes' has exhibited bizarre behavior after the shooting and while in custody. His defense team has said that he is mentally ill, but have not said if he will plead insanity.


"He has a brain set that no one here can understand and we want to call him crazy because we want to make that feel better in our society, but we have to accept the fact that there are evil people in our society that enjoy killing any type of living thing," a frustrated Tom Teves said. "That doesn't make them crazy. And don't pretend he's crazy. He's not crazy."


The photos presented in court showed Holmes mugging for his iPhone camera just hours before the shooting.


Click here for full coverage of the Aurora movie theater shooting.


Half-a-dozen photos showed Holmes with his clownish red-orange hair and black contact lenses giving the photos a particularly disturbing edge.


In one particularly odd image, he was making a scowling face with his tongue out. He was whistling in another photo. Holmes is smiling in his black contacts and flaming hair in yet another with the muzzle of one of his Glock pistols in the forefront.


Yet another photo showed him dressed in black tactical gear, posing with an AR-15 rifle.






Read More..

Has global warming ground to a halt?









































The UK's Met Office has downgraded its forecast for warming at the Earth's surface over the next five years. Headlines this week announced that global warming is "at a standstill". Climate sceptics crowed. But the Met Office said the outlook for later in the century remains unchanged. New Scientist looks at the facts












Has global warming stopped, or hasn't it?
Atmospheric warming has certainly slowed greatly in the past decade. The Met Office says this appears to be due to natural cycles that are counteracting the warming effect of greenhouse gases. After incorporating new analysis of natural cycles into its latest model of atmospheric and ocean circulation, it has concluded that we are in for a few more years of little change.












Having calculated annual global temperatures for the next five years, its best guess is that they will be, on average, 0.43 °C higher than the average for 1970 to 2000. That's down from its previous prediction of a 0.54 °C rise. If the new prediction proves right, then 2017 will barely be warmer than most years in the past decade.












The forecast comes with a big error bar, however. The average warming for the next five years could be as much as 0.59 °C, or as little as 0.28 °C.











What has changed in their thinking?
There is a growing awareness among climate scientists of the importance of natural variability in predicting climate change, especially in the short term, where it can completely obscure the global warming signal. This realisation has been bubbling up for a while. Four years ago, New Scientist reported evidence – including research by the Met Office's Doug Smith – that natural cycles were pushing the atmosphere into a cold phase. Back then, we said the research "suggests that surface air temperatures will remain steady for the next six years or so, as cooler sea surface temperatures keep the lower atmosphere cool despite ever higher greenhouse gas levels".













So what are these natural cycles?
Mostly they involve the movement of heat between the atmosphere and the oceans. The oceans are the sleeping giant of climate change. They act as a huge heat sink: 90 per cent of the heat generated by accumulating greenhouse gases is absorbed by the oceans. How fast this happens is variable, depending on ocean currents and other fluctuations.












Scientists have known for a long time that in El Niño years, when warm water spreads out across the equatorial Pacific, heat leaves the ocean for the atmosphere. But there are also longer-term cycles. The biggest cycles are known as the Pacific Decadal Oscillation and the Atlantic Multidecadal Oscillation. Recently, both have been causing the oceans to absorb more heat, shutting off atmospheric warming.











There are other possible confounding influences. The 11-year solar cycle has a small effect. So do volcanic eruptions and smog that shades the earth. Longer term, changes in Earth's orbit are thought to trigger ice ages. But all the evidence is that in recent times and over the coming decades, ocean-atmosphere interactions are the only influence comparable in scale to greenhouse gases.













Are these cycles just something scientists have invented to explain away the lack of recent warming?
No. The Met Office admits that we still know far too little about how these natural cycles work, and how big they are. And climate scientists are open to the charge that they ignored the potential impact of natural variability when it was accelerating global warming. According to Brian Hoskins of Imperial College London, it now looks like natural cycles played a big role in the unexpectedly fast warming of the 1990s.











Even so, the fundamental physics about how greenhouse gases trap heat in the atmosphere hasn't changed. And we know that, even as atmospheric warming stalls, the oceans are continuing to warm. That may could explain why Arctic sea ice melted so dramatically last summer, even though air temperatures were not exceptional.













So press reports that global warming is at a standstill are not true, even in the short term. Right now the oceans are taking up almost all the extra heat. That is most unlikely to persist.











Now we're getting headlines about the warming stopping as well as headlines about record-breaking temperatures. What do we make of it all?
There is lots of natural variability at local scales. Last year the US had its hottest year on record, but for the planet as a whole, it was only the ninth warmest. Australia is feeling the brunt of a record-breaking heatwave at the minute, but in northern India they are dying from unusually cold temperatures.













What's the outlook?
Scary. If oceanic cycles do what the Met Office and others expect, then global average air temperatures will stay fairly stable – though still hotter than they have been in the past – until later this decade. The cycles will then flip into a new phase and the oceans will probably start releasing heat instead of soaking it up. Combined with continued accumulation of greenhouse gases in the atmosphere, that could mean that sometime round 2020, warming will start to race away again as the atmosphere makes up for lost time.


















































If you would like to reuse any content from New Scientist, either in print or online, please contact the syndication department first for permission. New Scientist does not own rights to photos, but there are a variety of licensing options available for use of articles and graphics we own the copyright to.




































All comments should respect the New Scientist House Rules. If you think a particular comment breaks these rules then please use the "Report" link in that comment to report it to us.


If you are having a technical problem posting a comment, please contact technical support.








Read More..

S'pore retail investors optimistic about outlook: survey






SINGAPORE: Singapore retail investors are optimistic about their investment outlook for the next six months, according to a survey released on Wednesday by J P Morgan Asset Management.

According to the report, the J P Morgan Investor Confidence Index increased by 5 points to 106 in the latest survey, conducted between November 21 to December 7 2012.

This is a marked increase from one year ago, where the index was 86.

The increased confidence was boosted by expectations of an improved global economic environment, with 42 per cent of respondents indicating that they are likely to increase their investments in the next six months.

"The latest results demonstrate that Singapore investor confidence continues to improve," said Mr Andrew Creber, Head of Singapore Business, J P Morgan Asset Management.

"This is no doubt influenced by the progress we have seen over the past six months, where the risk of a financial meltdown in Europe was largely reduced. The Chinese economy is steadily recovering. In the US, despite the ongoing political tug-of-war over public finance, the restoration of household balance sheets and an improvement in the housing market is taking place," he added.

Confidence is also returning to affluent investors.

Investors with investable assets of S$500,000 and above were markedly more optimistic than investors with less investable assets, hitting a confidence level of 119, an increase of 17 points from June 2012.

Meanwhile, mutual fund investors have shown an increasing preference for multi asset/balanced funds, with those surveyed increasing their weighted allocation up by 7 per cent to 47 per cent for their mutual fund portfolio.

"It is important for investors to remain diversified to maintain stability in their portfolios," said Mr Creber.

The J P Morgan Investor Confidence Index is derived from a scoring of investor responses to a series of questions on their outlook for the Straits Times Index (STI), local and global economic and investment environments, and appreciation in their investment portfolio.

An index level of 100 is neutral, while 200 is extremely optimistic while zero is extremely pessimistic.

- CNA/xq



Read More..

Opinion: Time for tough talk with Karzai




The last time Presidents Obama and Karzai met was in May in Kabul, when they signed a pact regarding U.S. troop withdrawal.




STORY HIGHLIGHTS


  • Afghan President Karzai meeting with President Obama in Washington this week

  • Felbab-Brown: Afghan politics are corrupt; army not ready for 2014 troop pullout

  • She says Taliban, insurgents, splintered army, corrupt officials are all jockeying for power

  • U.S. needs to commit to helping Afghan security, she says, and insist corruption be wiped out




Editor's note: Vanda Felbab-Brown is a senior fellow in foreign policy at the Brookings Institution. Her latest book is "Aspiration and Ambivalence: Strategies and Realities of Counterinsurgency and State-Building in Afghanistan."


(CNN) -- Afghan President Hamid Karzai is meeting this week with President Obama in Washington amid increasing ambivalence in the United States about what to do about the war in Afghanistan.


Americans are tired of the war. Too much blood and treasure has been spent. The White House is grappling with troop numbers for 2013 and with the nature and scope of any U.S. mission after 2014. With the persisting corruption and poor governance of the Afghan government and Karzai's fear that the United States is preparing to abandon him, the relationship between Kabul and Washington has steadily deteriorated.


As the United States radically reduces its mission in Afghanistan, it will leave behind a stalled and perilous security situation and a likely severe economic downturn. Many Afghans expect a collapse into civil war, and few see their political system as legitimate.


Karzai and Obama face thorny issues such as the stalled negotiations with the Taliban. Recently, Kabul has persuaded Pakistan to release some Taliban prisoners to jump-start the negotiations, relegating the United States to the back seat. Much to the displeasure of the International Security Assistance Force, the Afghan government also plans to release several hundred Taliban-linked prisoners, although any real momentum in the negotiations is yet to take place.



Vanda Felbab-Brown

Vanda Felbab-Brown



Washington needs to be careful that negotiations are structured in a way that enhances Afghanistan's stability and is not merely a fig leaf for U.S. and NATO troop departure. Countering terrorism will be an important U.S. interest after 2014. The Taliban may have soured on al Qaeda, but fully breaking with the terror group is not in the Taliban's best interest. If negotiations give the insurgents de facto control of parts of the country, the Taliban will at best play it both ways: with the jihadists and with the United States.


Negotiations of a status-of-forces agreement after 2014 will also be on the table between Karzai and Obama. Immunity of U.S. soldiers from Afghan prosecution and control over detainees previously have been major sticking points, and any Afghan release of Taliban-linked prisoners will complicate that discussion.










Karzai has seemed determined to secure commitments from Washington to deliver military enablers until Afghan support forces have built up. The Afghan National Security Forces have improved but cannot function without international enablers -- in areas such as air support, medevac, intelligence and logistical assets and maintenance -- for several years to come. But Washington has signaled that it is contemplating very small troop levels after 2014, as low as 3,000. CNN reports that withdrawing all troops might even be considered.


Everyone is hedging their bets in light of the transition uncertainties and the real possibility of a major security meltdown after 2014. Afghan army commanders are leaking intelligence and weapons to insurgents; Afghan families are sending one son to join the army, one to the Taliban and one to the local warlord's militia.


Patronage networks pervade the Afghan forces, and a crucial question is whether they can avoid splintering along ethnic and patronage lines after 2014. If security forces do fall apart, the chances of Taliban control of large portions of the country and a civil war are much greater. Obama can use the summit to announce concrete measures -- such as providing enablers -- to demonstrate U.S. commitment to heading off a security meltdown. The United States and international security forces also need to strongly focus on countering the rifts within the Afghan army.


Assisting the Afghan army after 2014 is important. But even with better security, it is doubtful that Afghanistan can be stable without improvements in its government.


Afghanistan's political system is preoccupied with the 2014 elections. Corruption, serious crime, land theft and other usurpation of resources, nepotism, a lack of rule of law and exclusionary patronage networks afflict governance. Afghans crave accountability and justice and resent the current mafia-like rule. Whether the 2014 elections will usher in better leaders or trigger violent conflict is another huge question mark.


Emphasizing good governance, not sacrificing it to short-term military expediencies by embracing thuggish government officials, is as important as leaving Afghanistan in a measured and unrushed way -- one that doesn't jeopardize the fledgling institutional and security capacity that the country has managed to build up.


Karzai has been deaf and blind to the reality that reducing corruption, improving governance and allowing for a more pluralistic political system are essential for Afghanistan's stability. His visit provides an opportunity to deliver the message again -- and strongly.


Follow us on Twitter @CNNOpinion


Join us on Facebook/CNNOpinion


The opinions in this commentary are solely those of Vanda Felbab-Brown.






Read More..

N.Y.'s Cuomo pushing for much tougher gun law

A deal that would give New York one of the toughest gun control laws in the nation was being sought by Gov. Andrew Cuomo who, sources told CBS New York station WCBS-TV, was hoping to announce the plan Wednesday during his State of the State address.

The sources said Cuomo was negotiating furiously with legislative leaders in an attempt to reach a deal before the address.

The measures would be a response to gun violence in the U.S., including the tragic shooting at Sandy Hook Elementary School in Newtown, Conn., in which 26 children and adults were killed.

Sources said the package was expected to include new restrictions on assault weapons, stiffer penalties for using a gun to commit a crime, and new limits on the number of bullets in a gun magazine.

Cuomo's move comes as New York City Mayor Michael Bloomberg's Mayors Against Gun Violence released a new commercial to push for federal action.

It features Roxanna Green, the mother of Christina Taylor-Green, who was killed two years ago Tuesday in the Tucson, Ariz., massacre in which former Rep. Gabby Giffords was wounded.

"How many more children must die before Washington does something to end our gun violence problem?" Roxanna Green asks in the ad.

It would be quite a coup for Cuomo, a potential 2016 presidential candidate, to show progress on gun control as Washington stays divided on the controversial topic.

Late Tuesday night, a Cuomo spokesman said the sides still had not reached an agreement, but sources said there was talk of keeping the legislature in session the rest of the week to make sure a deal gets done.

Read More..

Dead Lotto Winner's Wife Seeks 'Truth'













The wife of a $1 million Chicago lottery winner who died of cyanide poisoning told ABC News that she was shocked to learn the true cause of his death and is cooperating with an ongoing homicide investigation.


"I want the truth to come out in the investigation, the sooner the better," said Shabana Ansari, 32, the wife of Urooj Khan, 46. "Who could be that person who hurt him?


"It has been incredibly hard time," she added. "We went from being the happiest the day we got the check. It was the best sleep I've had. And then the next day, everything was gone."


Ansari, Khan's second wife, told the Chicago Sun-Times that she prepared what would be her husband's last meal the night before Khan died unexpectedly on July 20. It was a traditional beef-curry dinner attended by the married couple and their family, including Khan's 17-year-old daughter from a prior marriage, Jasmeen, and Ansari's father. Not feeling well, Khan retired early, Ansari told the paper, falling asleep in a chair, waking up in agony, then collapsing in the middle of the night. She called 911.


Khan, an immigrant from India who owned three dry-cleaning businesses in Chicago, won $1 million in a scratch-off Illinois Lottery game in June and said he planned to use the money to pay off his bills and mortgage, and make a contribution to St. Jude Children's Research Center.


"Him winning the lottery was just his luck," Ansari told ABC News. "He had already worked hard to be a millionaire before it."






Illinois Lottery/AP Photo











Chicago Lottery Winner Died From Cyanide Poisoning Watch Video









Lottery Murder Suspect Dee Dee Moore Found Guilty Watch Video









Lottery Winner Murder Trial: Opening Statements Begin Watch Video





Jimmy Goreel, who worked at the 7-Eleven store where Khan bought the winning ticket, described him to The Associated Press as a "regular customer ... very friendly, good sense of humor, working type of guy."


In Photos: Biggest Lotto Jackpot Winners


Khan's unexpected death the month after his lottery win raised the suspicions of the Cook County medical examiner. There were no signs of foul play or trauma so the death initially was attributed to arteriosclerotic cardiovascular disease, which covers heart attacks, stroke or ruptured aneurysms. The medical examiner based the conclusion on an external exam -- not an autopsy -- and toxicology reports that indicated no presence of drugs or carbon monoxide.


Khan was buried at Rosehill Cemetery in Chicago.


However, several days after a death certificate was issued, a family member requested that the medical examiner's office look further into Khan's death, Cook County Medical Examiner Stephen Cina said. The office did so by retesting fluid samples that had been taken from Khan's body, including tests for cyanide and strychnine.


When the final toxicology results came back in late November, they showed a lethal level of cyanide, which led to the homicide investigation, Cina said. His office planned to exhume Khan's body within the next two weeks as part of the investigation.


Melissa Stratton, a spokeswoman for the Chicago Police Department, confirmed it has been working closely with the medical examiner's office. The police have not said whether or not they believe Khan's lottery winnings played a part in the homicide.


Khan had elected to receive the lump sum payout of $425,000, but had not yet received it when he died, Ansari told the AP, adding that the winnings now are tied up as a probate matter.


"I am cooperating with the investigation," Ansari told ABC News. "I want the truth to come out."


Authorities also have not revealed the identity of the relative who suggested the deeper look into Khan's death. Ansari said it was not her, though she told the AP she has subsequently spoken with investigators.


"This is been a shock for me," she told ABC News. "This has been an utter shock for me, and my husband was such a goodhearted person who would do anything for anyone. Who would do something like this to him?


"We were married 12 years [and] he treated me like a princess," she said. "He showered his love on me and now it's gone."



Read More..