Jay – COOPER GENERAL NEWS

SEOUL, South Korea – The Seoul Supreme Court sentenced Samsung’s top leader Lee Jae-yong to two and a half years in prison on Monday for bribing former South Korean President Park Geun-hye.

Mr. Lee’s case can still go to the Supreme Court if either Mr. Lee or the prosecution wants to take it there. In South Korea, the Supreme Court can either approve a lower court ruling on a case or send it back for retrial. It cannot override the judgment of a lower court.

When Mr. Lee’s case first reached the Supreme Court in 2019, the court returned it to the Seoul Supreme Court for retrial, stating that it had the amount of bribes Mr. Lee gave to Ms. Park and her secret confidante Choi Soon- paid, underestimated. sil while Mrs. Park was in power. The amount was supposed to be 8.6 billion won ($ 7.8 million), not 3.6 billion as the lower court found.

In its ruling on Monday, the Seoul Supreme Court accepted 8.6 billion won as the correct amount as instructed by the Supreme Court. The decision to do so meant that it was far from settled, that the Supreme Court would approve the verdict should the case end there again.

Mr. Lee has already spent a year in prison after being arrested in 2017 in connection with the prosecutor’s bribery case. He is now expected to spend only a year and a half in prison, which takes away the day-to-day running of one of the world’s most valuable technology giants.

After the court issued its verdict on Monday, Mr. Lee was immediately arrested in the courtroom so that he could serve his time.

Jay Leno said he thinks the genius of Tesla CEO Elon Musk was that “he built the infrastructure while he built the vehicle”.

“Even today, many major manufacturers build an electric car, but where do you charge it?” Leno told The News with Shepard Smith during a Friday night interview. “Elon was smart when he started, he knew this idea would work, so he built charging stations.”

Electric car maker Tesla will be the newest member of the S&P 500 on Monday.

2020 was a monster year for Tesla, the sixth largest company in the world – its inventory has grown by about 700% that year. CNBC’s “Jay Leno’s Garage” host said he was confident Tesla could maintain its dominance in electric vehicles, adding that he had seen European electric cars fall short.

“You don’t have the range of the Tesla,” Leno said. “They’re not doing it because Tesla is leading the field. We seem to have this inferiority complex that things in Europe are somehow better than the things that were built here.”

Leno gave host Shepard Smith examples of superior American innovation, including General Motors’ Corvette, which he believes rivals the Lamborghini and Ferrari and costs just $ 60,000.

He highlighted America’s dominance in private industry and pointed to Musk’s success in the space industry.

“The fact that Elon can send a rocket into space and land it back on earth for a tenth the price of the US government?” Said Leno. “Well, that’s exactly what the private sector should do – cheaper, faster, more efficiently.”

Leno suggested that those who want to feel the “rumble of a car beneath them” should “buy another car.” He admitted that he loves Ferraris, Ford Cobra and Lamborghinis on weekends, but that sitting in traffic and driving on the spot just isn’t practical.

“When you’re in a quiet electric vehicle, you don’t pollute and save,” Leno said. “When I want to have fun, I take out my 1960 Triumph TR3 and bomb around, but in terms of everyday vehicles you can’t beat it.” [the Tesla]. “