Devin Wolf, CFP - Financial Plan, Inc. | Featured on MO.com

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Devin Wolf, CFP? leads the 401(k) branch at Financial Plan, Inc. and is a wealth manager responsible for delivering comprehensive financial solutions to high net worth clientele. His background as a professional engineer gives him a unique understanding of the construction industry and has led to a niche advising contractors, engineers, and architects.

Financial Plan, Inc. is a fee-only Registered Investment Advisor located in Bellingham, WA. All of their financial planners hold the CFP? professional designation and specialize in a variety of wealth management services including: Asset Management, Risk Management, Retirement Planning, Tax Planning, and Estate Planning. As elite Financial Advisors, they focus on building comprehensive, objective financial plans tailored to the unique financial situations of their clients.

MO: Why are you so passionate about helping small business owners navigate the complex world of wealth management?

Devin: The opportunities for business owners to reap rewards through custom financial solutions are unrivaled. I love the challenge of helping them succeed. By delving deeply into the unique needs of their business, I can tailor my advice to their situation. With a little outside of the box thinking strategies can be developed to capitalize on the unique situations. Business owners typically follow a unique life cycle that starts in ?survival mode? where all their resources are dedicated to building the business. Once the business becomes more established, it is critical they build a plan that identifies how to efficiently accomplish both business and personal financial goals. Business owners are used to relying on themselves for generating wealth, so I coach them on how financial markets are different and how to get the most bang for their buck by focusing on items that are within our control.

MO: Can you expand how you and your team recently made the transition to become a completely independent RIA and fee-only advisers and what influenced this decision?

Devin: We believe every decision we make as a business needs to be driven by what is best for our clients. We have always operated with a client driven focus, so we decided to formalize the commitment by becoming an independent RIA and fee-only advisors. This gives our clients the comfort that we are operating under the fiduciary standard and don?t accept commissions. I often meet with clients that only tell their current advisor about a portion of their finances out of fear they will be sold a commissionable product. The knowledge that I am required to do what is in their best interest (fiduciary standard) and that they are paying me only for advice, not products, enables us to build the trust required for developing a comprehensive financial plan. Having the freedom to provide clients with completely objective financial advice that always keeps their best interest in mind is one of the most valuable services we can offer.

MO: How did you go from being an engineer to a financial planner? What did your turning point look like?

Devin: I have always been a finance nut. I began investing when I was 10 years old and since then have read hundreds of finance books and spent countless hours studying planning and investing as my hobby. When I initially examined the financial industry, the entry point looked a lot more like being a salesman, so I decided to pursue engineering (another interest of mine.) At my engineering firm I became a fiduciary of the 401(k) plan which included making decisions for the plan and educating participants. I had a number of people bouncing financial questions off me, and the turning point came when one of my colleagues suggested I moonlight as a financial planner. The comment made me realize if people are willing to be sold products with little to no planning advice, building a practice based on holistic planning and objective advice should be a no-brainer.

MO: What are your top tips or recommendations when it comes to choosing a 401(k) plan? What are the most common issues you see people having and how can they be avoided?

Devin: The most important element is properly designing the plan to accomplish your goals. Rather than implementing a cookie cutter plan, there can be huge tax saving potential to the company and/or owners by tying the plan to your goals. Another common mistake for small businesses is not understanding the liability associated with 401(k) plans. As the business owner you are typically a fiduciary of the plan, which means you have personal liability for the plan. For more information on how to avoid these problems go to the 401(k) section of my website http://www.financialplaninc.com/401k.

MO: What advice would you give an investor looking for innovative investments with high returns while limiting potential risk?

Devin: I would advise anyone who finds an investment that looks like it will have high returns and limited risk to be very skeptical. If something looks too good to be true, it typically is. Entrepreneurs can often generate high returns by investing in themselves. By being experts in their field, they should also have a better understanding of the risks involved. However, they need to understand that by having their human capital (earning potential) and investments associated with one company, they are exposing themselves to greater and risk and need to develop a plan that accounts for these risks. At the end of the day you will be much better served by building a comprehensive financial plan designed to meet your goals, rather than trying to pick the next great or innovative investment.

MO: Can you share with our readers why you?re so excited about your new 401(k) branch of business?

Devin: What excites me most about our 401(k) branch is the fact that our entire process is designed to benefit the client-company and its employees rather than the big financial institutions. Typically advisors only work with one 401(k) platform, so companies are stuck with the platform their advisor uses or vice versa. We help the company pick the third party vendors that are right for them. We also will take liability for the investment management which is a huge problem in the industry. Most advisors won?t sign on as an ERISA 3(38) fiduciary to the plan, opting instead to simply offer investment choices and leave it up to the company to pick their investments and carry the liability associated with managing those investments. When I hire someone to do a job I expect them to stand behind their work, so why should hiring an advisor to your 401(k) plan be any different?

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Source: http://www.mo.com/Devin-Wolf-Financial-Plan-Inc

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Michelle Malkin ? Business owners stand up to Obama

In USA Today yesterday, a group of American entrepreneurs and business leaders spoke out in a full-page, open letter to President Obama and to their fellow citizens.

The full text is reprinted below. The signatories are here. As Mitt Romney has told voters repeatedly during the debates and on the campaign trail, we don?t have to settle. Do the right thing!

In a campaign season marked by new lows in polarizing rhetoric, some of the most divisive has originated from the President and his allies ? and has been aimed at successful people in the business sector.

These attacks are not getting us anywhere. They are really just political tricks to distract from the President?s own policy failures.

Consider for instance what the President hasn?t said. He has no solution for the staggering $16 trillion debt the nation carries ? a burden his policies increase minute by minute. He won?t explain why the stimulus spending hasn?t produced the jobs recovery he predicted. His party has failed to produce a budget in nearly four years. He has no answer for investors who need fiscal stability before they can put money at risk.

Instead, his Administration has increased regulations on virtually every sector of the economy while the President maligns business achievement in his campaign stump speeches.

American free enterprise is not the problem. Free enterprise is the essence of opportunity. It employs tens of millions, generates tax revenue, and pays healthcare benefits for millions of families. It is the engine that drives new industries, products, services, and innovation.

So when the President and his aides pit Americans against one another, it is not only misguided, it is irresponsible. Americans deserve solutions, not political ploys.

Fair-minded people can differ on those solutions. But the President seems oblivious to the fact that dynamic, productive job growth comes not from government spending, but from the private sector.

How do we know? Our entire careers have been dedicated to growing businesses and creating jobs. That entrepreneurial spirit is where America?s real strength is found. The solution must come from encouraging individual initiative and rewarding innovation. It?s about teaching someone to fish, not giving fish away by the billions as this Administration thinks.

Before you vote on Election Day, think carefully about what kind of country we are creating for ourselves and coming generations. Will it be a country that demeans job-creating business owners by saying, ?You didn?t build that??

Or will it be a country that protects free enterprise and allows everyone to pursue their highest aspirations?

~ For the latest breaking news, be sure to join Michelle's e-mail list ~

Source: http://michellemalkin.com/2012/10/23/business-owners-stand-up-to-obama/

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Tale of the Tape

Darrell Issa holding forth at his Oct. 10 hearing on the Benghazi attack.

Photo by Brendan Hoffman/Getty Images

Tonight, Barack Obama and Mitt Romney will debate foreign policy. They?ll argue about last month?s fatal assault on the U.S. consulate in Benghazi, Libya. They?ll pretend to have figured out the world. And most of us, committed to one guy or the other, will play along.

We?re kidding ourselves. The Benghazi attack should humble us. Not just because our ambassador and three aides were killed, but because all of us?even those who thought they were uncovering the truth behind a lie?were wrong about what happened.

In the days after the assault, spokesmen for the Obama administration linked it to an anti-Muslim video that had triggered riots around the world. Republicans accused the administration of drawing this conclusion because it suited Obama?s worldview. It reduced the attack to a matter of diplomacy and, in Romney?s words, ?apologizing.? Liberals had rushed to believe what they wanted to believe.

As early accounts of a protest at the consulate collapsed, Republicans substituted their own story. The video, they explained, was irrelevant. Instead, the attack had been plotted by allies of al-Qaida to coincide with the anniversary of 9/11. This story, too, suited the worldview of its advocates. It reduced the Benghazi incident to a matter of security, warfare, and refusing to apologize. And, like the protest story, it has unraveled.

The intelligence from Libya was confused all along. The attack took place in the midst of uprisings against the video across the Muslim world, aimed particularly at U.S. embassies. The rage, though real, was ignited and stoked by anti-American extremists. That?s how it often is with mob violence: One man?s motivation is another man?s pretext. In Benghazi, witnesses saw attackers and onlookers. The problem was figuring out the relationship between them. The CIA?s initial assessments suggested a hybrid scenario: a protest ?spontaneously inspired by the protests at the U.S. Embassy in Cairo" that "evolved into a direct assault" by extremists.

If you look back at the administration?s early statements, you?ll see signs of this uncertainty. Spokesmen talked about the video in the context of the Muslim riots generally. On Sept. 14, ABC?s Jake Tapper asked White House Press Secretary Jay Carney whether this was true in Benghazi. ?We certainly don't know,? said Carney. In her now-infamous tour of the Sunday talk shows on Sept. 16, U.N. Ambassador Susan Rice parroted CIA assessments, asserting that a protest at the consulate ?seems to have been hijacked? by ?extremists who came with heavier weapons.? On Sept. 18, Carney repeated that the video had ?caused the unrest in Cairo? and ?precipitated some of the unrest in Benghazi.? But he added, ?What other factors were involved is a matter of investigation." On Sept. 20, Obama said protests over the video ?were used as an excuse by extremists to see if they can also directly harm U.S. interests."

On Sept. 26, Libya?s president, Mohammed Magarief, told NBC News that the video ?has nothing to do with this attack.? But he offered no evidence other than the sophistication of the weapons and tactics. A week later, a former intelligence chief for the Libyan rebels echoed Magarief?s assertion, but again added no evidence.

The Obama administration?s story began to shift during a State Department conference call on Oct. 9, when a reporter asked what had ?led officials to believe for the first several days that this was prompted by protests against the video.? A department official replied, ?That was not our conclusion.? This was a renunciation of the protest story, not the video?s relevance. But nobody noticed. The right-wing mediasphere erupted with cries of vindication that the video had ?nothing to do? with the attack. The next day, Rep. Darrell Issa, chairman of the House Oversight and Government Reform Committee, opened a hearing on the controversy by falsely claiming the State Department had denied that ?this assault was part of a reaction to a video or the like.? Issa offered his own single-cause theory: ?In fact, it was September 11^th ? It was that anniversary that caused an organization aligned with al-Qaida to attack and kill our personnel.?

Issa?s theory became Republican gospel. On Oct. 14, Sen. Lindsey Graham, a leading Republican voice on foreign policy, said ?the video had nothing to do with? the attack. On Oct. 18, Charles Krauthammer wrote: ?The video? A complete irrelevance. It was a coordinated, sophisticated terror attack, encouraged, if anything, by Osama bin Laden?s successor, giving orders from Pakistan to avenge the death of a Libyan jihadist.? Yesterday on Fox News Sunday, Bill Kristol said ?no one is quarreling? with the ?fact? that ?the video had nothing to do with it.?

Indeed, that?s what the Washington press corps was reporting. On Oct. 10, Tapper, citing the State Department conference call, said the video ?apparently had absolutely nothing to do with the attack.? On Oct. 13, the New York Daily News reported that the department had said the ?attack had nothing to do with the film.? On Oct. 14, the New York Post said ?even the White House now admits? the video ?had nothing to do with? the attack. Bob Woodward declared on Fox News that ?We now know [the video] had virtually nothing to do with what happened in Benghazi.? Glenn Kessler, the Washington Post?s fact-checking referee, said the attack ?appears unrelated to initial reports of anger at a video.? And a day after moderating the second Obama-Romney debate, CNN?s Candy Crowley said the administration had conceded that the attack ?didn?t have anything to do with the tape.?

Source: http://feeds.slate.com/click.phdo?i=fc2dbd2e5d92bfe2a7a7655f8ab3cc38

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?DWTS? Melissa Rycroft Rushed To Hospital, Competes Monday Night

Dancing with the Stars fans are still awaiting word on the health and welfare of dancing beauty Melissa Rycroft.? The 29-year old former Dallas Cowboy?s Cheerleader sustained injuries to her head and neck this past Sunday when she was training with her partner Tony Dovolani. The incident occurred while Rycroft was completing camera blocking for the Monday night?s episode, according to People Magazine. She was reportedly rushed to the hospital following the incident. Rycroft?s rep has since told the news outlet, “Melissa was taken by ambulance to a local hospital where she is currently being examined.? She was accompanied to the hospital by her husband, Tye Strickland, and her dance partner, Tony Dovolani.?? Adding “Everyone is taking all necessary precautions at this time.” Sunday evening, the young star?s partner, Tony Dovolano, sent out tweets of concern over his injured partner.? “Really concerned about @MelissaRycroft.? We don’t know if we are dancing tomorrow !!!!! Please keep us in your prayers.” Before getting hurt Rycroft tweeted about the demands of training but appeared upbeat over the challenge.?? ?Been a long (and tough week) of Tango?but back to attack again today. Sometimes nothing motivates you like frustration?!? Melissa Rycroft has since been released [...]

Source: http://feedproxy.google.com/~r/RightCelebrity/~3/9BQotujz0Z8/

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China's Ferrari Crash

By?JEREMY PAGE

BEIJING?As a Chinese court prepares to expose the alleged crimes of former Communist Party highflier Bo Xilai, censors and security officials have been trying to bury a separate scandal that has emboldened critics of President Hu Jintao and could complicate efforts to restore the party's tarnished image.

Details are emerging about the fatal crash in Beijing of a Ferrari driven by the son of a Communist Party official. The WSJ's Jeremy Page reports on how the accident could shed light on another scandal the Communist Party is facing today. Photo: Beijing Evening News

Just three days after Mr. Bo was fired as party chief of Chongqing in March, the 23-year-old son of President Hu's closest confidant crashed a black Ferrari at 4 a.m. on a snow-slickened Beijing ring road.

Ling Gu died on the spot, according to party insiders, Chinese reporters and others whose accounts offer new insights into the hushed-up incident. Two ethnic Tibetan women squeezed into the vehicle were badly hurt, and one later died.

All details of the crash, including the name of the driver, were quickly suppressed. Ling Jihua, the father and Chinese official who is close to President Hu, was spared public censure over the lifestyle of his son. Instead, he was quietly transferred months later to a less powerful, but still important, party post.

Color China Photos / Zuma Press

Ling Jihua, right, at a National People's Congress session in 2008, has been a close ally of President Hu Jintao. He was demoted in the wake of his son's death in a fiery predawn crash in a Ferrari on March 18.

The difference in how the party handled the Bo and Ling matters speaks volumes about the challenge it faces as it tries to conclude its most destabilizing political crisis in decades ahead of a sweeping leadership change beginning at the 18th Party Congress, which starts Nov. 8.

The leadership has tried to portray Mr. Bo?now accused of offenses including bribe-taking, sexual impropriety and abuse of power in a murder investigation of his wife?as an anomaly. Broader-than-expected allegations announced last month appeared designed to restore the party's damaged credibility in the eyes of a public grown increasingly angry over the issues of official abuse that Mr. Bo embodies. Mr. Bo has disappeared from public view and is believed to be in detention pending his trial.

Beijing Evening News

Coverage of the crash in the Beijing Evening News showed the destroyed car.

But the Ferrari crash and its aftermath encapsulate some of the same issues, such as children of the elite enjoying expensive luxuries?demonstrating how limited the party's taste is for policing its own upper ranks except when politically expedient.

The contrasting fates of Mr. Bo and Ling Jihua also reflect feuding and deal-making behind the scenes as outgoing leaders and former ones have tried to elevate prot?g?s to conserve their interests and political influence.

Within hours of the early-morning Ferrari crash March 18, Chinese social media buzzed with talk that the driver was a senior leader's son and with questions of how he could afford such a car. Worse, rumors spread that those in the car had been naked or half-naked.

Political Downfall in China

High-ranking Communist Party leaders ousted in recent years.

The crash and the cover-up added to a sense of public disquiet surrounding the downfall of Mr. Bo, who had a base of support within the military and security forces. Over the next two days, Twitter-like sites noted abnormal activities by security forces in Beijing. Some users circulated unsubstantiated rumors of a military coup attempt.

But even as the Bo scandal played out in public, the party suppressed all information surrounding the crashed car's driver, whose father, as head of the party's powerful General Office, supervised top leaders' scheduling, document flow and security.

Emergency workers and reporters were silenced. News of the crash and the driver's identity were scrubbed from the Internet. The badly hurt surviving passenger went into hiding. And at Peking University, classmates of Ling Gu, who was enrolled there under the alias Wang Ziyun, were told he had "gone overseas."

"We didn't believe that," said one classmate. "We knew something serious had happened. He couldn't have just disappeared."

Party insiders and Chinese reporters familiar with the matter said that the father, Ling Jihua, tried to cover up the crash with the help of the Central Guard Bureau, an agency his General Office oversaw.

"He was criticized for that?it should have been a police matter," said a person with connections in the Central Guard Bureau, an office responsible for the security of top leaders.

The only official sign of Ling Jihua's personal and political ordeal came almost six months later when it was announced, without explanation, that he had been shifted to a lesser job heading the United Front Work Department, in which he handles ties with nonparty entities.

Ling Jihua, like Mr. Bo, had previously been considered a front-runner for promotion in this fall's once-a-decade party leadership change.

"This was damaging not just for Ling but for Hu Jintao as well, because they are known to be so close," said a Chinese academic who advises and meets regularly with party leaders. "It complicated the discussions over Bo and the new leadership."

The dead youth, Ling Gu, graduated from Peking University's School of International Studies last year and enrolled at the university's Graduate School of Education, according to fellow students. He kept a relatively low profile at first, telling only a few of his background, though classmates soon realized he came from privilege.

He wore designer clothes, lived in a private residence rather than the dormitory, and often arrived late at classes or left early, students say.

He once boasted he had substantial income from an investment fund run by a friend of his father's, according to a person familiar with the conversation.

Bo Xilai: A WSJ Documentary

The fall of Bo Xilai, once a rising star in Chinese politics, has plunged the country into its biggest crisis since Tiananmen Square. In this documentary, The Wall Street Journal examines how his downfall has altered the debate about China's future.

"He was not a playboy. He was a good guy. But he did seem to have money and a lot of elite friends," one classmate said.

Several of his friends thought it was unlikely Ling Gu or his parents owned the Ferrari he crashed. But he had been seen driving a BMW and was known to have several friends from powerful business and political families who drove fast, expensive cars. Such families' children, known in Chinese as "fuerdai," or "second-generation rich," often lend each other luxury cars or borrow them from dealerships, said people with friends in that circle.

Ling Gu started a club at the university loosely modeled on Skull and Bones, the Yale secret society, say students who recall him discussing it. He invited other well-connected students or ones with top grades to join, but, knowing that Chinese authorities didn't tolerate secret societies, he gave the club an official-sounding name: the Strategic and International Studies Council.

Next in Line

After other trials, Bo is up

Associated Press

Bo Xilai?The former party chief in Chongqing was suspended from Party posts and placed under investigation for unspecified "serious disciplinary violations" on April 10. Eexpelled from the party on Sept. 28 and accused of wrongdoing involving bribes, power abuse and improper sexual relations with multiple women.

CCTV/Reuters

Zhang Xiaojun?The Bo family aide was convicted on Aug. 20 of murdering Briton Neil Heywood and sentenced to nine years in prison.

Associated Press

Wang Lijun?The former Chongqing police chief was convicted and sentenced to 15 years in prison on Sept. 24 for defection, bribery, abuse of power and "bending the law for selfish ends."

Reuters

Gu Kailai?Bo's wife on Aug. 20 was convicted of Heywood's murder and given a death sentence with a two-year reprieve (typically commuted to life imprisonment).

Classmates are unsure who the women in the Ferrari might have been. They said Mr. Ling had dated two women but neither was Tibetan.

A friend of the woman who survived the crash said she is in her 20s and is the daughter of a Tibetan government official. The friend quoted the survivor as saying she had met Mr. Ling before the night of the crash but didn't know him well, and knew him only by his adopted surname of Wang. She recalled him saying he was in the investment business.

The woman who died was described as closer to Mr. Ling. Severely burned, she died in July or August, according to the friend of the survivor.

The survivor needed at least one operation to stop internal bleeding, according to the friend. Initially, "they told us?she might not survive," the friend said.

According to the friend, the injured woman said the cause was simply driving too fast in slick conditions. It had started to snow.

The friend was too embarrassed to ask the survivor about the reports of nudity but doubted their veracity, describing the injured woman as "not a play-around type person."

Police and firefighters who responded at first struggled to identify Mr. Ling because he had a fake name on his license, said party insiders and Chinese reporters familiar with the matter.

Behind closed doors, insiders say, the incident soon played into the intense debate about the coming party leadership change and what to do about Mr. Bo. It was just weeks after Mr. Bo's former police chief had fled to a U.S. consulate with a tale of the murder of a British businessman by Mr. Bo's wife, a crime for which she would later be convicted.

Within the Communist Party, Mr. Bo had been allied with a faction centered on former Chinese president and party chief Jiang Zemin, who insiders say has been trying to secure the promotion of prot?g?s to the new leadership.

The Chongqing Drama

See key dates in the death of Neil Heywood in Chongqing and the drama surrounding Bo Xilai.

Players in China's Leadership Purge

Read more about the players in the case.

Party insiders said a rival faction led by current President Hu and Premier Wen Jiabao, many of whose members rose through the Communist Youth League, pushed hard to strip Mr. Bo of all of his party posts.

But the crash in mid-March meant that a leading figure in Mr. Hu's faction now was embroiled in a scandal that left Ling Jihua open to criticism from other party leaders.

"Former Chinese President Jiang Zemin is probably the most immediate beneficiary," wrote Chris Johnson, a former Central Intelligence Agency China analyst now at the Center for Strategic & International Studies in Washington, in a blog post.

Mr. Jiang's "early support for Bo Xilai risked putting him on his back foot in the succession sweepstakes. But Jiang seems to have seized on the Ling affair to come roaring back," Mr. Johnson wrote.

Although the catalyst for Mr. Bo's downfall was the flight of his former police chief, Mr. Bo had also caused controversy with a Maoist revival movement and apparent tolerance for an expensive lifestyle by his son at Oxford and Harvard universities.

Ling Jihua is a far less controversial figure than Mr. Bo but is important because of his close tie to the president, Mr. Hu. Mr. Ling held positions in the Communist Youth League when Mr. Hu led that body in the 1980s, according to Alice Miller, an expert on Chinese politics at the Hoover Institution.

Mr. Ling moved to the General Office in 1995 and had the job of preparing reading materials for Mr. Hu, according to Bo Zhiyue, a China expert at the National University of Singapore.

Mr. Ling has since been considered the president's closest adviser and has often accompanied him abroad.

In 2007, Mr. Hu secured Mr. Ling's appointment as a full member of the Central Committee, the party's top 370 leaders, and as director of the General Office. Before the Ferrari crash, Mr. Hu was thought to be trying to engineer Mr. Ling's promotion to the Politburo, China's top 25 leaders. And Mr. Ling, 56 this month, was spoken of as one likely to move up to the Politburo's elite Standing Committee in 2017 or 2022.

He may still make it onto the Politburo this fall, but his chances of rising further have been diminished, say party insiders, diplomats and political analysts.

News of the early-morning Ferrari crash was first reported in a brief article later that day in the Beijing Evening News, which didn't name the victims. It showed a photo of the wrecked car, which had been split in two.

A fire-service official who wrote the article and took the photo thought at first it was a routine accident, but was later reprimanded and had his camera and computer confiscated by police, according to a person familiar with the matter.

A person at the Beijing Evening News said the paper had been ordered by the central propaganda department not to disseminate the photograph. The police, the fire service and several local hospitals all declined to comment.

The article was soon deleted from the Beijing Evening News website. As rumors began to spread online, searches for terms including "Ferrari" and "Ferrari crash" were blocked.

The next day, the Global Times newspaper, a nationalistic tabloid connected to the People's Daily, the main party mouthpiece, reported that almost all online information about the crash had been deleted overnight, "triggering suspicions as to the identity of the deceased driver."

That story, too, was soon blocked. The journalist who wrote it declined to comment.

?James T. Areddy contributed to this article.

Source: http://shaigarg.blogspot.com/2012/10/chinas-ferrari-crash.html

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Bollywood movie mogul Yash Chopra dies at 80

MUMBAI, India (AP) ? Bollywood movie mogul Yash Chopra, whose classic love tales made him the Indian film industry's "King of Romance," has died after contracting dengue fever. He was 80.

Chopra's earliest major hits included the 1975 action film "Deewar" ("Wall") and the romance "Kabhi Kabhie ? Love is Life" in 1976, both of which helped establish Amitabh Bachchan as Bollywood's biggest star. The popular 1989 film "Chandni" ("Moonlight") had Chopra's signature touches: romance, music and a European setting.

Bollywood celebrities, directors and hundreds of fans gathered at Chopra's house in south Mumbai to pay their condolences before the funeral to be held later Monday.

Bachchan posted a remembrance to his "friend first, a creative legend later" on his blog early Monday and recalled his 44-year association with Chopra.

"...all that shall remain will be that which he gave life to ? his creativity, his emotion, his poetry on film and above all his humanity," the entry said.

He also directed "Dil To Pagal Hai" (The Heart Is Mad), "Lamhe" ("Moments") and "Veer-Zaara," which won the popular award at the International Indian Film Academy and the Golden Lotus award at India's National Film Awards. His final film, "Jab Tak Hai Jaan" ("As Long As I Am Alive"), is scheduled for release across India next month.

Chopra died Sunday in Mumbai's Lilavati Hospital. In addition to dengue, he suffered kidney ailments, according to Dr. Prakash Jiyavani.

"He passed away due to dengue and multiple organ failure," the Press Trust of India quoted a hospital spokesman, Sudhir, as saying. The spokesman uses only one name.

Chopra started his film career in the 1950s under the tutelage of his elder brother, late filmmaker B.R. Chopra. He founded his own studio Yash Raj Films and launched it with "Daag: A Poem of Love" in 1973, which won him one of his four Filmfare Awards for best director.

Chopra's films of the 1980s were shot in what were exotic locales for millions of Indians who had few opportunities to travel abroad. Chopra had the main protagonists of his films traipsing through tulip fields in the Netherlands or singing and dancing near Switzerland's idyllic lakes.

A popular legend among film-goers in India was that Chopra had shot so often in Switzerland that one of the lakes had been renamed Chopra lake.

He is survived by his wife and two sons. Elder son Aditya Chopra is a successful film director, and Uday Chopra runs the international branch of the family's production house.

Source: http://news.yahoo.com/bollywood-movie-mogul-yash-chopra-dies-80-021224486.html

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Lohan avoids prosecution in alleged hit-and-run

By Josh Grossberg, E! Online

Lindsay Lohan can breathe a big sigh of relief. The troubled starlet will not face prosecution in New York for allegedly swiping?a bystander with her car in front of the Dream Hotel last month and then leaving the scene.

Michael Nelson / EPA

Sources confirm to E! News that there is no court date scheduled in the hit-and-run case after the Manhattan District Attorney's Office decided there was insufficient evidence, citing surveillance tape?of the incident that appeared to clear?Lohan of wrongdoing. And no charges were ever filed in the matter in the first place.

Lindsay Lohan arrested for leaving the scene of an accident in NYC

No doubt Lindsay could use a bit of good news given all the family drama she's endured lately.

On Saturday, Lohan received an unannounced visit from dad Michael Lohan, who told E! News he tried -- unsuccessfully -- to stage an intervention, worried that she'd fallen off the wagon. This after the 26-year-old actress spoke out against the elder Lohan, saying he "betrayed" her?after secretly recording her on the phone when she told him about a massive blowout?she had with mom Dina Lohan.

Regarding the intervention, Lindsay's rep Steve Honig said in a statement, "It's apparent Michael continues to be very focused on getting publicity for himself. Lindsay's team is in no way aligned with him or his actions."

Lindsay Lohan's alleged hit-and-run: Watch the surveillance tape

At least she's got one less legal headache to deal with -- though it's unclear if the alleged victim will file a civil suit.

A rep for Lohan was unavailable for comment. Insiders close to Lindsay, however, told TMZ?she's "ecstatic" about the case's dismissal and plans to sue the man for defamation.

Lindsay Lohan: Why's she smiling?

Related stories:

Lindsay Lohan's dad says he tried to surprise her with an intervention

More in TODAY Entertainment:

Source: http://todayentertainment.today.com/_news/2012/10/22/14620190-lindsay-lohan-avoids-prosecution-in-alleged-hit-and-run?lite

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