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05.02.26 - 21:45
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Newsom Won′t Cut Ties To Homeless Fraudster Firm (ZeroHedge)
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Newsom Won't Cut Ties To Homeless Fraudster Firm
Authored by Susan Crabtree via RealClearPolitics.com,
Borrowing from novelist James Hilton, who coined the word “Shangri-La” to describe a Tibetan utopia in a 1933 novel, Franklin Roosevelt gave that name to the peaceful retreat we know as Camp David.
For California Gov. Gavin Newsom and Los Angeles Democrats, Shangri-La hasn't become synonymous with a place that connotes peace on earth. It stands for a hellish homeless housing nightmare, eye-popping fraud, and the ease and scale with which con-artists rip off taxpayers.
In October, federal agents arrested Cody Holmes, the 31-year-old former CFO of Shangri-La Industries, a downtown Los Angeles-based developer who was supposed to be providing housing for homeless people in Southern California. First Assistant U.S. Attorney Bill Essayli for the Central District of California, a Trump appointee, charged him with mail fraud.
Holmes, who pleaded not guilty, is accused of embezzling more than $...
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10.01.26 - 01:15
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Prosecutor Calls Newsom ′King Of Fraud′ For Oversight Failures (ZeroHedge)
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Prosecutor Calls Newsom 'King Of Fraud' For Oversight Failures
Authored by Dave Mason via The Center Square,
U.S. First Assistant Attorney Bill Essayli Thursday called California Gov. Gavin Newsom “the king of fraud,” accusing him of a lack of oversight on spending to address homelessness.
FILE - California Gov. Gavin Newsom speaks during a press conference in Los Angeles, Wednesday, Sept. 25, 2024. (AP Photo/Eric Thayer, File)
Essayli made the comments on the “Fox and Friends” telecast, during which he discussed the federal fraud charges that were filed in October against real estate executives Steven Taylor and Cody Holmes for allegedly misusing grant money meant for homeless housing.
Holmes, 31, of Beverly Hills was charged with mail fraud charge that was allegedly linked to millions of dollars in grant money that the state paid Shangri-La Industries to purchase, build and operate homeless housing in Thousand Oaks, just north of Los Angeles. Holmes was Shangri-La's chief financia...
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17.12.25 - 15:42
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Shangri-La Asia Appoints Teo Nee Chuan As CFO (AFX)
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HONG KONG (dpa-AFX) - Shangri-La Asia Limited (SHALY) has appointed Teo Nee Chuan as Group Chief Financial Officer and Executive Director, effective March 30, 2026, as part of a senior leadership ......
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02.09.25 - 04:30
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Research: Citi Lowers SHANGRI-LA ASIA's TP to HKD5.4; Interim Results Miss (AAStocks)
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According to a Citi research report, SHANGRI-LA ASIA (00069.HK) logged a 13.8% YoY decline in its 1H25 core net profit to USD50.9 million, which the broker attributed to slower-than-expected revenue growth, foreign exchange headwinds, and changes in the fair value of its investment properties.During the period, SHANGRI-LA ASIA......
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20.07.25 - 13:18
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Shangri-La luxury brand lures Chinese tourists with unique cultural experiences (SCMP)
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Shangri-La Group has launched its super-luxury hotel brand in mainland China, Shangri-La Signatures, featuring a convergence of cultural heritage and nature aimed at attracting wealthy tourists amid a rebound in demand for leisure experiences.
The company was spearheading a move among global hoteliers to focus on unique offerings, operational agility and the evolving preferences of Chinese travellers to stay abreast of the competition.
“Affluent Chinese travellers, particularly millennials and......
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16.07.25 - 12:18
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Kuok Hui Kwong, daughter of Malaysia′s richest man, to lead Shangri-La Asia (SCMP)
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Kuok Hui Kwong, daughter of Malaysia's richest man, Robert Kuok Hock-nien, has been named CEO of luxury hotel group Shangri-La Asia, effective August 1.
Kuok, 47, has been serving as Shangri-La Asia's executive director since June 2016 and chairman since January 2017, according to a Wednesday filing with Hong Kong's stock exchange. Shangri-La Asia is listed in Hong Kong and Singapore.
The Harvard-educated Malaysian, the sixth of Robert Kuok's eight children, took the helm of the luxury hotel......
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11.06.25 - 13:36
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′The traditional energy playbook no longer applies′ - TPAO CEO Ahmet Türkoğlu delivers the keynote speech at the International Energy Summit (Cision)
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The 9[th] Annual International Energy Summit is underway at the Shangri-La Hotel in Istanbul, Türkiye. And the keynote speaker of the event was Ahmet Türkoğlu, Chairman & CEO, Turkish Petroleum Corporation (TPAO), focusing on Geopolitical Reconfiguration on Energy Industry and Energy Game Changing Role of TPAO.
'The global energy order is in flux,' he said. 'Under our president and the guidance of the minister of energy, Türkiye isn't just adapting to the transformation, but actively shaping it.'
Mr Türkoğlu looked at how the current environment is changing the energy landscape. 'The...
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09.06.25 - 20:54
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Glastonbury sells ′a few thousand less tickets′ to avoid overcrowding (The Guardian)
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Festival organiser Emily Eavis says other changes include Shangri-La area 'going full trees and green space'Glastonbury festival is known for its huge crowds, but last year overcrowding at smaller stages led to areas being closed off to prevent crowd crushes and one act was even forced to halt their set.In an attempt to avoid a repeat of last year's safety concerns, the festival has sold “a few thousand less tickets” for this month's event, the organiser Emily Eavis has said. Continue reading......
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04.06.25 - 10:06
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China pushes back on Dutch chip espionage claims as tech tensions flare (Digitimes)
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Dutch Defense Minister Ruben Brekelmans warned on May 31, 2025, that Chinese espionage targeting the Netherlands is escalating, particularly in the semiconductor sector. Speaking at the IISS Shangri-La Dialogue in Singapore, he said the Netherlands' leadership in chip technology has made its intellectual property a key focus for Beijing....
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03.06.25 - 10:36
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The Military Imbalance In The Taiwan Strait (ZeroHedge)
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The Military Imbalance In The Taiwan Strait
U.S. Defense Secretary Pete Hegseth drew some controversy over the weekend after he called China a "real" and potentially "imminent" threat and said that the country was “credibly preparing to potentially use military force to alter the balance of power in the Indo-Pacific”.
The comments were made Saturday at the Shangri-La Dialogue security summit in Singapore.
In the chart below, Statista's Katharina Buchholz shows the balance (or rather imbalance) of military power in the Taiwan Strait.
You will find more infographics at Statista
China's clearly stated goal has been "reunification" with Taiwan but it has never ruled out the possibility of using military force to achieve this.
In recent years, it has modernized its military, introducing the J-20, an indigenous 5th generation stealth fighter.
It has also commissioned two aircraft carriers along with several modern amphibious transport docking and landing ve...
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02.06.25 - 15:01
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Gabbard Says US Speech At Shangri-La Summit Shows Commitment To Peace in Indo-Pacific (ZeroHedge)
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Gabbard Says US Speech At Shangri-La Summit Shows Commitment To Peace in Indo-Pacific
Authored by Catherine Yang via The Epoch Times,
Tulsi Gabbard, Director of National Intelligence, said on May 31 that the United States' message to Indo-Pacific partners at the Shangri-La Summit was a message of peace.
“The overarching message is very consistent with what President Trump has been speaking about throughout his administration and his term in office, which is that he wants to be the president of peace,” Gabbard told Fox News from the summit.
She said the region contains many nations, each with complex histories, cultures, and needs that are full of nuance.
“There are over 40 countries who are present here, over 500 people, and that dialog, that diplomacy, that increasing of understanding between us as countries, is what is essential towards making progress towards that peace and stability, reducing the likelihood of misunderstanding, miscalculation and decisions being made based on either...
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02.06.25 - 03:54
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India′s Chief of Defence Staff on Jet Downing (Bloomberg)
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General Anil Chauhan, India's Chief of Defence Staff speaks about the downing of Indian jets in the recent conflict with Pakistan. He was interviewed at the Shangri-La Dialogue meeting in Singapore by Bloomberg News' Haslinda Amin . (Source: Bloomberg)...
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