Tag: 三元桥洗浴

  • Who did Warriors’ Klay Thompson recommend for Washington State coaching job?

    first_imgKlay Thompson subscribes. You can too for just 11 cents a day for 11 months + receive a free Warriors Championship book. Sign me up!OAKLAND – Klay Thompson might not know the man personally. But that did not inhibit the Warriors’ star from recommending University of San Francisco men’s basketball coach Kyle Smith to interview for Washington State’s head-coaching vacancy.“Every program he’s been at he’s turned around,” Thompson said of Smith. “USF was really good this year. They beat some …last_img read more

  • Bank backs entrepreneurs’ fund

    first_img14 April 2005Emerging entrepreneurs stand to benefit from a R240-million financial injection into the Umsobomvu Youth Fund’s entrepreneurship programme, which helps 18- to 35-year-olds from previously disadvantaged backgrounds to start up their own small businesses.The loan by First National Bank (FNB), together with an R80-million commitment from the Umsobomvu Youth Fund (UYF), bring’s the fund for young entrepreneurs, known as the Progress Fund, to R320-million.The Progress Fund, which offers loans from R100 000 to R8-million, has so far provided over R32-million to 23 start-up businesses across the retail, financial services, IT and media sectors, generating over 800 jobs.UYF CEO Malose Kekana says the Progress Fund is a good example of a successful public-private partnership.The original idea was to provide funding to entrepreneurial operations that already held contracts. However, with FNB’s loan, and the signing of a further 10-year agreement with the bank, the Progress Fund would now consider any viable businesses, whether they hold a contract or not, Kekana said.FNB Enterprise Solutions CEO Duncan Randall said the loans differed from conventional bank loans, which emphasised good track records, strong balance sheets and high levels of security.“We adopt a risk capital funding approach that focuses more on cash flow and viability”, Randall said.In addition, UYF and the FirstRand Foundation have each committed R1-million to a technical assistance fund, to provide post-investment mentorship and other business development services to Progress Fund applicants.The technical assistance fund will provide an interest-free loan with payment holidays to investee companies for the purposes of paying for mentorship services.Direct loan funding from the Progress Fund will attract market-related interest and other charges.However, says Randall says applicants to the technical assistance fund will enjoy softer terms for repayment than the actual finance they receive from the Progress Fund.“At FNB Enterprise Solutions we believe that a key success factor for young businesses is having access to the right advice and guidance from experienced small business advisers”, he said.Source: BuaNewslast_img read more

  • MTB Marathon World Champs for SA

    first_img“Winning this bid helps to cement Pietermaritzburg as a major global centre for top-end international cycling competition, and to pursue the city’s and the province’s dream of making Pietermaritzburg South Africa’s ‘Cycle City’,” event organiser Alec Lenferna said on Friday. Incredibly, he said, Pietermaritzburg has so far not lost a bid for a UCI-backed event since 2006. The Marathon World Championships are the latest in what has become a long list of successful UCI-backed events for Pietermaritzburg and its environs. The event will likely take place in late September, but the dates are yet to be finalised. The reason for holding it later in the year is to allow riders opportunities to qualify in Marathon World Series events, one of which takes place early in the year, in Sabie in Mpumalanga. “Endurance events, we’re crazy about that sort of stuff,” Lenferna laughed. “We ask guys to do 30 ks through the forests at the Cascades MTB Park and they baulk. We ask them to do 70 ks, and 4 000 turn up!” The event, which is also open to amateur competitors, will present an opportunity for other South African cyclists, with their strong background in endurance events, to shine. Burry Stander, who has excelled at cross-country and in marathon events, including the Karkloof Classic, is also likely to feature, along with his Team Specialized Racing teammate and regular visitor to South Africa, Christoph Sauser, who has won world titles in both cross-country and marathon. ‘Success breeds success’“We’ve built up a very successful and good rapport with the UCI,” Lenferna reckoned. “Success breeds success, and we wouldn’t keep being awarded events if we weren’t doing a good job.” ‘We’re crazy about that sort of stuff’ Local stars such as Kevin Evans, David George and Brandon Stewart, who prefer longer events to cross-country races, will get the chance to mix it up with the world’s best on home soil. With the elite event covering 110 kilometres, additional track will have to be prepared. The Mr Price Karkloof Classic, the largest mountain bike festival in the country, which draws about 4 000 competitors annually, has a 60-kilometre route for its longest race. In 2013, the UCI Mountain Bike and Trials World Championships and UCI MTB Masters World Championships will be held in the city. “The major benefit is that World Championships create better commissaires, judges, and officials,” Lenferna added. “It’s not just about the riders. It uplifts the whole sport.”center_img South African mountain bike fans who have been lucky enough to see the world’s leading cross-country competitors in action at the UCI MTB World Cup Pietermaritzburg will get to see some different international stars, Lenferna said. ‘There will be improvements’Speaking to SAinfo, Lenferna said the Marathon World Championships would also be to the benefit of the many events already held at Karkloof. “There will be improvements to the course and venue, and future events will be much better. Still to come in 2012, Pietermaritzburg will once more host the Msunduzi Road Challenge, which will serve as the UCI World Cycling Tour finals. Cycling South Africa has pulled off yet another coup after being awarded the right to stage the 2014 Mountain Bike (MTB) Marathon World Championships in the greater Pietermaritzburg area in KwaZulu-Natal. Different international stars 15 June 2012 He expects a field upwards of 3 000 competitors for the World Championships. The city has in recent years hosted BMX World Cup and World Championship events, the MTB World Cup, and road races such as the Intaka World’s View Challenge and the Msunduzi Road Challenge. Past UCI events The announcement was made at the Union Cycliste Internationale (UCI) board meeting in Salzburg, Austria on Thursday evening. Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

  • On-form Simon set to take on LPGA Tour

    first_img SAinfo reporter 17 March 2014 South African golfer Ashleigh Simon departed for the US on Sunday, ready to tackle the LPGA Tour, on the back of three successive victories on the Sunshine Ladies Tour, following a dominating win in the Chase to the Investec Cup for Ladies on Friday. “I’m excited to go [to the US] and that’s down to the fact that I have been competitive and my game is ready,” she said after claiming the title.Eight-shot victory Competing on the Gary Player-designed Blue Valley Golf Estate course, near Kyalami, Simon cruised to an eight-shot victory after closing with a five-under-par 67, for a winning total of seven-under-par 137. Cecilie Lundgreen of Norway and England’s Lauren Blease shared second on one- over-par 145 after both carded rounds of 73. Simon started the final round tied for the lead with her former Women’s World Cup partner, Laurette Maritz, on two-under. She quickly put distance between herself and the chasing pack, however, with birdies at the second, third and fifth and, after voiding a three-putt bogey at seven with a birdie at the 13th, there was no chance of catching the four-time champion. She drained a 35-meter curving, downhill putt for birdie at the 16th to increase her insurmountable lead and signed off with a tap-in birdie after a superb chip to the 18th green. Maritz took fourth on three-over 147 with a closing 77, while Sun International Challenge winner Tandi von Ruben finished a further shot back with a final round 73.Professional win Simon’s third win vaulted her to the top of the Order of Merit. Ironically, she won SA Women’s Open twice and claimed a number of victories in pro tournaments between 2004 and 2009, but all these triumphs came during her illustrious amateur career. The 23-year-old Johannesburg pro was thrilled to finally add to her trophy case in South Africa and pocket the winner’s cheque. “It’s so great that I finally get to take home the cash,” she laughed after securing the title. Home victory “I never won as a pro here in South Africa. Both my pro wins at the Catalonia Ladies Masters (2007) and the Portugal Masters (2011) came on the Ladies European Tour (LET). “I am so pleased that we have a pro tour again. It was so great for all of us to play in front of our own people and for me, to win with my family and friends around. “I made very few bogeys. I’ve scored consistently well and my game between tee and green has been very solid in the five events I played,” she added.Investec Cup for Ladies Simon’s premature departure has opened up a spot for England’s Blease in the field for the Investec Cup for Ladies, which is limited to the top 10 available players on the Order of Merit. The LET Access Series campaigner was thrilled to learn that she will be teeing it up in the R300 000 event next week. “I jumped to 11th in the rankings [with my runner-up finish here], but I had no idea Ashleigh was leaving,” Blease said. “It was the best surprise ever. I came over here to play the Sunshine Ladies Tour to get my game sharp for the season. This is such a fantastic bonus. “I’ve had the best time and it looks like I peaked at exactly the right moment.” The Investec Cup for Ladies will be played at the Millvale Private Retreat and the Lost City Golf Course from 21 to 23 March, with the winner set to earn R100 000. LEADERBOARD Ashleigh Simon (RSA) 137 (-7) 70, 67Cecilie Lundgreen (Nor) 145 (+1) 72, 72Lauren Blease (Eng) 145 (+1) 72, 73Laurette Maritz (RSA) 147 (+3) 70, 77Tandi von Ruben (RSA) 148 (+4) 75 73Monique Smit (RSA) 150 (+6) 76 74Morgana Robbertze (RSA) 150 (+6) 75 75Nora Kagonyera (Swe) 151 (+7) 75, 76Shawnelle de Lange (RSA, ama) 151 (+7) 73, 78Iliska Verwey (RSA) 153 (+9) 77, 76Alana van Greuning (RSA) 153 (+9) 74 79Mandy Adamson (RSA) 154 (+10) 77, 77Carrie Park (RSA, ama) 154 (+10) 79, 75Magda Kruger (RSA, ama) 154 (+10) 75, 79last_img read more

  • President Trump to address Farm Bureau members in January at Annual Convention in Nashville

    first_imgShare Facebook Twitter Google + LinkedIn Pinterest Donald J. Trump, the 45th president of the United States, will address farm and ranch families from across the nation at the American Farm Bureau Federation’s 99th Annual Convention, Jan. 5-10 in Nashville, Tenn.“The American Farm Bureau Federation is honored to host our nation’s president,” said AFBF President Zippy Duvall, a beef and poultry farmer from Georgia. “President Trump has said all along that he would make sure agriculture has a seat at the table when it comes to the top issues facing America’s farmers and ranchers. Now, it is our privilege to reserve a spot for him at our podium.”Duvall considers President Trump’s announced speech as a sign of the high regard in which the nation’s chief executive holds America’s farm and ranch families.“Farmers and ranchers and our rural communities are the bedrock of our nation. President Trump knows that, and his willingness to devote his time to talk directly with Farm Bureau members will be a memorable occasion,” Duvall said.After three consecutive years of decline in farm sector profits, President Trump will speak to Farm Bureau members during a period of prolonged economic challenge across farm country. Profits have fallen and many farmers have seen declines in equity. Though the Agriculture Department forecasts that farm profits will be relatively stable in 2017, action on key issues on the president’s agenda could help farmers turn the corner as they head into the new year.“President Trump is fully aware of the economic difficulties farmers and ranchers have gone through these past few years,” Duvall said. “The economic issues he has outlined, including reform of our nation’s tax and regulatory systems, match many of the issues on Farm Bureau’s agenda.”President Trump’s executive order establishing the Interagency Task Force on Agriculture and Rural Prosperity, led by Agriculture Secretary Sonny Perdue, highlights the importance his administration places on rural America, according to Duvall.“President Trump has assigned his team to focus on important pocketbook and quality-of-life issues to strengthen rural America, and those issues are front and center on his to-do list,” Duvall said. “We look forward to hearing the strategies that he and Secretary Perdue share for taking agriculture and rural America down the road toward renewed prosperity.”last_img read more

  • Pro Sports Teams Can Trade Player Contracts Tax-Free

    first_imgA new IRS safe harbor lets professional sports teams make tax-free trades of player contracts. Rev. Proc. 2019-18 effectively restores some of the rules that applied to player trades before the Tax Cuts and Jobs Act limited 1031 like-kind exchanges to real property.The safe harbor treats the traded contracts as having zero value. It applies to trades in any open tax year.What Sports Trades Can Be Tax- Free?Teams in professional sports leagues may use the safe harbor for trading:personnel contracts; anddraft picks.Personnel contracts include employment contracts for:players;managers;coaches; andother staff members.Rules of the Safe HarborWhile IRS lets teams trade sports contracts, the safe harbor includes conditions. A trade will not be tax-free unless these conditions are met.All parties to the trade must use the safe harbor.Each team must transfer and receive a personnel contract or draft pick, and the only other property they can transfer is cash.The personnel contracts and draft picks cannot be amortizable section 197 intangibles. So, for instance, the contracts cannot be goodwill, going concern value, workforce in place, certain covenants not to compete, or similar contracts.Cash is the only asset or liability from the trade that the teams can reflect on their financial statements.Trades Excluded from the Safe Harbor The safe harbor does not apply to:trades that do not satisfy the conditions listed above,trades of one team for another team, orthe sale of a team. How Does the Safe Harbor Work?The safe harbor treats a traded personnel contract or draft pick as having zero value. Thus, if a qualified trade does not involve cash:neither team realizes gain or loss from the trade; andeach team has zero basis in the contracts and draft picks it receives.Player Trades Can Produce LossHowever, a team may have a loss if it has unrecovered basis in a surrendered contract. A team has basis in a contract until it has depreciated its cost, including the athlete’s signing bonus.Imagine, for example, that the Hohum pro sports team trades away a player in the third year of his five-year contract. Hohum had paid him a $25,000 signing bonus, so it claimed a $5,000 depreciation deduction in each of the first two years of the contract. Thus, at the time of the trade, Hohum still has $15,000 unrecovered basis in the contract. Unless Hohum receives at least $15,000 in cash, it will have a loss on the trade.What Happens When a Trade Includes Cash?Although a contract-for-contract trade is tax-free, a team may realize gain or loss if it receives cash in a trade. A team that receives cash has:gain if the cash is more than the team’s unrecovered basis in its surrendered contracts and draft picks; orloss if the cash is less than the team’s unrecovered basis in its surrendered contacts and draft picks.The section 1231 capital gain/ordinary loss rule applies. A team with gain may also have to recapture depreciation that it took on the surrendered contracts.Paying Cash Gives Team BasisA team that pays cash in a trade has an equal amount of basis in the contracts it acquires. If the team receives more than one contract or draft pick, this basis is divided evenly among them. For instance, if a team pays $20,000 in a trade in which it acquires two contracts and three draft picks, it has a $4,000 basis in each contract and draft pick.Why Did the IRS Provide the Safe Harbor?The safe harbor is intended to avoid highly subjective, complex, and expensive disputes between pro sports teams and the IRS regarding a team’s gain or loss on a trade.Of course, a team generally does not agree to a trade unless it believes it will receive something of at least equal value. But it can be very difficult to assign an objective monetary value to a contract or draft pick.The value of any pro sports contract may change over time based on many factors, such as the player’s performance and fan support. The value that a team places on the contract may also be influenced by the team’s specific needs, rather than the market’s perception of whether the contract represents a good, bad or fair deal for the player’s future services.Pro Athlete Trades Before 2018Like-kind exchanges before 2018 could include several types of personal property, including some intangible properties. Under these rules, the IRS had held that player contracts owned by major league baseball clubs were like-kind properties, as were player contracts owned by professional football teams.Although the new safe harbor does not make pro athlete contracts like-kind property, it does apply rules that are similar to 1031 exchanges.By Kelley Wolf, JD, LLMLogin to read more on CCHAnswerConnect.Not a subscriber? Sign up for a free trial or contact us for a representative.last_img read more

  • 16-yr-old from Telangana Malavath Poorna is the youngest female to scale Everest

    first_imgAs far as records go, this one is special as can be. When she scaled Mount Everest on Sunday, Malavath Poorna not only became the youngest-ever female to perform the feat, but, along with her team member Sadhanapalli Anand, also proved that no goal is unattainable for those with a strong will.All of 13, Poorna reached the summit around 5.55am after a 52-day long expedition with her team. To immortalise their feat, she and 16-year-old Anand left a picture of B.R. Ambedkar, the architect of India’s constitution, on the world’s highest peak. Anand belongs to the Dalit community.What makes their feat extra significant is that both come from rural and economically backward families and are students of state-run educational institutions in what will soon be the state of Telangana.Poorna, whose parents earn their livelihood as farm labour, is from Tadwai in Nizamabad district. She is a Class IX student at the Gurukul Patashala, a residential school under the social welfare department.Anand, whose father works as a mechanic, is in Class XI and studies at a social welfare institute in Khammam.The duo’s brush with Everest, scaling which is a dream many harbour, came with a rare opportunity. Last year, the Andhra Pradesh Social Welfare Residential Educational Institutions Society chose the duo from among 150 children from economically weak families who were identified and shortlisted for advanced training in adventure sports. The two were among 20 sent to Himalayan Mountaineering Institute in Darjeeling for the training programme.Another selection saw the duo getting picked with seven others for an expedition to the Sino-Indian border.”Poorna and Anand were picked for the Everest expedition in April, in view of their toughness and endurance,” said an official of the society.’Win for Telangana’ Talking about their feat, Telangana Chief Minister-designate K. Chandrasekhara Rao said, “This is a toast to Telangana a week before the creation of the new state and symbolises how the poor of the region struggle to achieve success.”last_img read more