Tag: 全国龙凤信息论坛

  • Business ‘can solve social problems

    first_imgFollowing the global financial crisis, conventional banks have lost a trillion dollars, yet they are still not in favour of lending to the poor, Nobel Peace Prize winner Muhammad Yunus said on Saturday.The Bangladesh banker and economist was giving the seventh Nelson Mandela Annual Lecture in Johannesburg.“I had to create Grameen Bank because the conventional banks refused to lend to the poor. This is the same for conventional banks the world over,” Yunus said.“They do not mind writing off a trillion dollars in a sub-prime crisis, but they still do not lend $100 to a poor woman despite the fact such loans have near a 100 percent repayment record globally,” he added.Yunus said conventional banks also complained that the poor were not credit worthy.“The real question to ask is whether banks are people worthy,” he added. At Grameen Bank, there were no legal instruments between lender and borrower, no guarantees, no collateral.“And yet our money comes back while the prestigious banks all over the world that went down had all their intelligent paperwork, all their collateral, all the lawyers and legal systems to back up their lending, ” Yunus explained.“When we give a $100 loan, behind that there’s a cow, there’s a few chickens, there’s something real,” Yunus said.“The banks that are collapsing were based on chasing papers. It was a race to create a fantasy world of papers. And when something went wrong, the whole thing collapsed. ”He said the Grameen Bank was locally based and its source of money was local.“In other words, the money comes from the deposits of the people in the bank. We take the depositors’ money and lend it. We are not connected with international banks, so their crisis could not reach us.”But Yunis noted that even if the problems springing from the global financial crisis were overcome, the world would still be left with some fundamental questions about the effectiveness of capitalism in tackling many other unresolved issues.“There is only one concept of business in the whole world, and that is the purpose of business is to make money.”He said the interpretation of the human being in this theory treated people as one-dimensional beings.“Capitalism and the marketplace that has grown up around the theory make no room for the selfless dimensions of people … what about starting a business on the base of selflessness?” he asked.Yunis proposed a second type of business alongside the existing one, calling it “social business.”“This is a business whose purpose is to address and solve social problems, not to make money for its investors.”He said Grameen had partnered in a joint project along these lines in Bangladesh with Danone. “Grameen collaborated with Danone to supply nutritious fortified yoghurt to the undernourished children of rural Bangladesh,” he said.Grameen had also created a joint venture with Veolia of France to deliver safe drinking water to the villages of Bangladesh.“Whenever I see a problem, I start a company to solve that problem,” Yunus said.The lecture was attended by Nelson Mandela and his wife Graca Machel. Yunus congratulated Mandela on his forthcoming 91st birthday.“You are the most wonderful person alive today,” he told Mandela. “I feel privileged to be on this planet while you are with us.”Sapalast_img read more

  • South Africa’s first vegan magazine

    first_imgMedia24 has launched South Africa’s first vegan focused magazine, The Vegan Life. Besides vegan friendly recipes, there are also informative articles on a wide range of relevant topics, from getting enough protein to buying cruelty-free beauty products.The Vegan Life launches on 30 January 2017. (Image: Screengrab via digital version of the magazine)Priya PitamberIn the newly launched magazine, The Vegan Life, numerous questions relating to the lifestyle are tastefully answered:How can a vegan include more protein in their diet?Do vegans need to take supplements?How to respond to frequently asked questions?What is safe and not safe for a vegan to eat?Those who follow a vegan diet exclude meat, poultry, eggs, dairy and other animal related products from their menus.“The huge shift towards veganism is really interesting,” said Marianne Erasmus, publisher of The Vegan Life.“It reflects a growing awareness of our impact on the world because the basis of veganism is not only about what is good for the individual, but also what is best for the planet.“We support the decision to live ethically and the activism behind it, and are very proud to launch the first vegan magazine in South Africa.”Thokozani Mashigo has been a vegan for just over a year, eating organic, plant-based food. “I adopted an alkaline-based diet which meant cutting out acid-based foods, of which animal-based foods are a part.”But his decision has not been without its difficulties.“Being a vegan,” he said, “especially a black vegan, posed many challenges for me, from explaining such a foreign concept to friends and family to finding suitable eateries that cater for vegans, to understanding the labelling on almost every single item of food I purchase.”The magazine got his attention, he said, by the cover because of the “beautifully shot food and the layout of the magazine”.“I immediately got the earthy, natural organic feeling that comes with being a vegan,” he said.He enjoyed that the magazine contained an abundance of information. “I loved the answers to the many questions one asks oneself when embarking on such an unpopular diet choice.”The list of vegan-friendly restaurants was also appreciated, as was the article about which supplements vegans could buy.“This magazine has helped me to understand veganism even better, to plan my meals and the ingredients, and it has helped me from a nutrition point of view.”Mashigo is also interested in trying out the dessert recipes.Animal rights organisation People for the Ethical Treatment of Animals, or Peta, said 2016 would be #TheYearofVegan and it was that exactly, reads the magazine.“In the UK, where veganism is widely regarded as one of the fastest-growing lifestyle trends, the number of vegans rose by more than 360% over the past 10 years.“Here in South Africa, although we don’t have the exact statistics, veganism is clearly a path more and more people are choosing to take.”@JoziStyle @media24 @XXXSHEWOLFXXX @TheLifesWay Looks great! Even though I am not vegan, #healthyeating ideas are always welcome! ? ? https://t.co/NtR3UxAGFv— Roelia (@GPBoozyFoodie) January 27, 2017Progress, well done! https://t.co/HotIiZAoLX— Tim Harper (@timharper) January 30, 2017Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

  • “Storm fronts” affecting current markets

    first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCThere are two “storm fronts” affecting markets right now.The first was widespread rain slowing planting progress, and continued wet weather forecasted. The market might be trading 63% of the corn crop being planted in the Tuesday afternoon’s report. I’m in the camp of around 59%.The second storm is blowing out of Washington, D.C. Another MFP payment is expected, but there are a lot of changes and rumors circling about how farmers will get paid. At one point, it was anticipated to be based on planted acres like last time, which would encourage farmers to plant as much as possible. Then Thursday it was discussed that payments would still be based upon acres with adjustments by county, but the exact details were unclear. Then on Friday rumors started circulating that prevent plant payments could somehow be included. There were many questions about the feasibility of that possibility at this point. Any policy change could drastically affect farmers’ planting decisions. Decreasing the number of planted acres could cause a major corn and bean rally.This is an unprecedented year in weather and politics. As we navigate so much uncertainty, predicting market direction is extremely difficult if not impossible. The next few weeks will be the most volatile the market has been in the last 6 years.Weather forecasts show more wet weather is expected next week. Parts of the Dakotas will be in the corn prevent plant window as of Saturday. The market indicates farmers should consider pressing their luck and plant past their prevent plant dates and hope there isn’t an early frost or a change to the MFP payment policy. BeansI’ve been asked several times recently why I haven’t been talking about beans. It’s because fundamentally bean prices haven’t made a lot of sense this last year. In my opinion, prices have been high compared to potential supply. Last year’s huge carryout should have been an anchor keeping bean prices below $9, but futures managed to stay above $9 for much of the winter.While last summer market participants were blaming the trade war for price drops, the much bigger issue was the huge harvest and record potential carryout. Today exports for the 2018 crop are only 400 million bushels below last year. So even without the trade war, there would have been a huge carryout by historical comparisons. Therefore, it’s been difficult to rationalize prices above $9, yet that was pretty common for much of last several months.Looking forward to 2019, I still think U.S. farmers may plant too many bean acres unless an unexpected policy change becomes available to the market. The recent wet weather could force farmers to make tough decisions about their planting intentions. What about MFP2?Some farmers are already planning for it. Right now, it seems like farmers need to plant their beans in order to receive a payment from the government. However, nobody really knows for sure how the next round of payments will exactly work. I think it’s risky to plant something that requires government intervention to make a profit, but I understand the fear of missing out if you don’t. What did you do?I kept beans in the rotation on our farm. I wanted to do fewer acres because of prices, but we really couldn’t because of rotation requirements for our fields. I now have to market the beans we planted. What are bean breakevens for farmers?Based upon University data, average breakevens throughout the U.S. are around $9.75 futures level, give or take 25 cents. Bean breakevens are a little harder to calculate because for each 1 bushel per acre yield change, the breakeven price shifts 20 cents.There was only a small window of opportunity to market beans close to breakeven over the last 6 months. While I never want to market any crop at a loss, I came close for this crop year. Still, I waited hoping for just a small rally from a possible trade deal to get profitable levels, but it hasn’t come for the 2019 crop. In hindsight I should have sold some a couple months earlier. What will you do now?I have enough capacity to store all of my 2019 beans, so that gives me until September 2020 (16 months) to sell them. This means I get to see 2 U.S. and 1 South American crop productions to see if there are any production problems. There is always a long shot at a trade deal with China that could increases exports significantly. The last 16 months have been an extremely wild ride, sometimes just waiting is the best plan. The corn market proved this week that market fundamentals can change in 2 weeks and quick unexpected rallies can happen. Market action — Bean basis sale for the 2018 cropI originally set my futures prices at $9.75 on 100% of my 2018 bean production in February 2018. Due to logistical constraints, I’m unable to deliver soybeans to a processor during harvest, so last fall I stored 100% of my 2018 bean crop even thought it was all priced-on futures. Since then, I’ve been hoping for a basis rally to move my physical grain.I never set my bean basis before harvest. One, bean production, between my farm and the total U.S. production, can vary enough to shift market dynamics affecting basis year to year or I might not have enough grain to fill my contracts. Two, historically bean basis will improve after harvest when processors need beans to crush.Unfortunately, due to the trade war this year, basis fell significantly for harvest delivery and never really recovered into the harvest season. Before harvest, and before the trade war started, basis for harvest delivery picked up on my farm was -75 cents. During harvest it dropped lower, eventually going as low as -1.05, picked up on my farm, and stayed at similar levels for months.Then several weeks ago when the bean board was imploding, basis finally took off. At the end of April, a processor raised their basis bid to -83 cents against the July futures, picked up on my farm. This was the highest I’d seen post- harvest, so I set my basis and started to have the grain shipped out.While this basis was 8 cents lower than the preharvest basis levels it was 22 cents better than the lowest harvest basis values. Because I never sell basis ahead of time, I’m still able to be ahead by waiting until well after harvest to get a basis value close to the best value I have seen for the 2018 crop over the last year. The cost to hold my beansWaiting until May to move my beans, instead of shipping them at harvest and paying off my operating note at harvest, has a cost. Bean’s CASH value from October to May was consistently averaging around $8.30 for my farm. With a 6% operating loan interest rate, it costs 4 cents per month in interest ($8.30 x 6% / 12 months) to sit on my grain waiting for better basis. I stored the beans for 8 months (October to May), so it cost me 32 cents to wait. Market carry was available to offset those costsMy beans were ultimately sold against November futures last year, and I “rolled” this position to July ’19 futures on 8/29/18 and collected 49 cents of market carry. In the end, I profited 17 cents from waiting (49 cents market carry – 32 cents interest cost). Reviewing my 2018 bean trade decisionsMarket conditions were unusual this year with the very large supply in the market, so I had to make adjustments to my marketing plan. Basis levels rarely collapse like they did this year. And while it’s not uncommon for basis levels to drop during harvest, there is usually a post-harvest basis increase that will provide basis levels better than harvest delivery values. While it took longer than usual, basis did eventually rally more than 20 cents after harvest. On a positive note, the 49-cent market carry was the best bean carry I’ve received in the last 10 years. In the end, I’m pleased with the final outcome for storing my beans. My final 2018 bean price:$9.75 futures+$.49 market carry-$.32 interest to store beans-$.83 basis picked up at the farm$9.09 Cash Value picked up on my farm One of my best decisions was investing in more storage 8 years ago. Had I not had the additional storage, I may have had to consider taking my beans to the local shuttle loader who was, and still is, bidding 25 cents less than my local processor, when freight to both locations is considered. I did not even include that profit in my review above because at this point, I don’t usually plan to sell the local shuttle loader as the bid at those locations has never been better than the processor for the last 10 years. It was the whole reason why I built storage in the first place for my beans. This benefit is really helping me when bean prices are having trouble hitting profitable levels. Please email [email protected] with any questions or to learn more. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results.last_img read more

  • Geocache Icon Run: find the most cache types in one day

    first_imgA geocaching crew goes for 13 different icons in one dayThis blog post was written by geocaching superwoman and Geocaching HQ employee, Annie Love.If you are an obsessed geocacher, then you probably like to build your Geocaching profile stats such as “Most caches found in a single day”, “Highest altitude geocache”, or “Farthest away from home”. One statistic that can be trickier is an “Icon Run”, which is logging as many different cache types in one day as possible. But most geocachers, with a just little guidance and a full tank of gas, can bulk up their icon stats. Here’s how! Find geocaching icons for your account*You can find the icons you’ve already earned by going to your profile page and selecting the Geocache tab. Along the left side you’ll see the icons you’ve earned, and along the right side you’ll see the geocaches you’ve hidden. Here’s an example of a prolific geocacher’s profile with several icons accumulated:Geocaching icons on a prolific geocacher’s profileStarting with easily accessible iconsIt may be easy to find eight icons in one day depending on geocache saturation in your area. Since the common cache types can be placed by any geocacher, the likelihood of finding them in your area may be higher. You may have to be creative about the date and then factor in an Event Cache. Geocaching icons that are easily accessible Traditional Cache          Cache In Trash Out® (CITO Multi-Cache                    Mystery or Puzzle Cache Letterbox Hybrid           EarthCache Event Cache                  WherigoHow to add even more icons in one dayBut wait, there’s more! It is possible to get more than eight icons in one day, however, this is where things start to get tricky. For this, you need to cache in a specific location or have a temporary cache type available near you. For example, if you visit us at Geocaching HQ in Seattle, WA, you may be lucky enough to get the eight icons above plus Virtual, Lab, Webcam, Geocaching HQ (GCK25B), and a Project APE (GC1169) icons. That’s a whopping 13 icons! Though rare, you may even find yourself with the chance to earn a Mega- or Giga-Event icon if one is conveniently located in the area during your visit.Additionally, if you plan your icon run in Europe at the right time, you may end up with the chance to earn the GPS Adventure Exhibit icon since it occasionally travels to European Mega/Giga-Events. This summer the GPS Maze will make its way to Austria (GC7C99M) at the Summer, Sun & Fun 2018 Mega-Event (GC6V0JF).Geocaching icons not easily accessible Virtual Cache                Project APE Cache Mega-Event Cache        Webcam Cache Giga-Event Cache             GPS Adventures Maze Exhibit Geocaching HQ              Lab CacheGeocaching icons that are no longer availableThere are a few icons that have been retired thus impossible for newer geocachers to ever obtain. If you have one of these, consider yourself lucky!  Lost and Found Event Cache Groundspeak Lost and Found Celebration Groundspeak Block Party Locationless (Reverse) CacheSet yourself up for Icon Run successRoad trip!Drive time — some rare cache types may be spread pretty far. Can you feasibly drive to all the cache locations in one day while obeying all traffic laws? Map out the best route that keeps the event times in mind.Ensure you have plenty of fuel in your car and be aware of where you may need to fuel up during the day. If caching with your smartphone, charge your phone in the car whenever you’re driving.Pack lots of water and snacks — you’ll need your energy!If your group is larger and has multiple cars, bring two-way radios (walkie-talkies) to communicate with each other in areas that may not have cell coverage.Up-level with Event CachesTo maximize potential icons, look for a Mega/Giga-Event with a high saturation of the other cache types in the area. Mega/Giga-Events typically have Lab Caches associated with them, providing an easy additional icon.For any events you attend, plan your day so that you spend the time to enjoy them. Don’t just show up at a CITO, sign the log, and leave — you’re there to help clean up where we cache. So take some time to give back on behalf of the game we all love.Consider hosting your own event to help with your icon run. But make sure you meet all event requirements and truly focus on the event.ExtrasIf you’re a Premium member, download an offline List on the Geocaching® app. If possible, choose locations with a Webcam and/or Virtual close by.Search for Multi-Caches with only two stages.Have backup caches in your list in case you have a change of plans or log a DNF. For example, solve additional Mystery Caches in advance.As tempting as it may be, try not to stop for that extra ‘Traditional that’s just 0.1 miles away!’ Time will get away from you!How many icons have you found in a day? Tell us your story.Icon Run smiley cookies*Geocaching.com is transitioning the styles of our icons — we’ve featured the newer styles in most of this blog.The older versions are still visible on your profile page. The newer versions are visible on the map. Share with your Friends:More SharePrint RelatedFour reasons to start using Project-GCMay 30, 2017In “Geocaching Weekly Newsletter”Geocaching souvenirs, badges, and trackable iconsOctober 10, 2016In “Community”350 miles, all for a smiley. — Munich – Venice (GC1FPN1) — Geocache of the WeekJune 12, 2013In “Community”last_img read more

  • You said it, Devon

    first_imgAt a press conference at IBS, Devon Hartman of HartmanBaldwin Design Build described his introduction to green building. Pointing out that he had been doing high quality design build work for over 25 years, he told the group that when he learned about home performance and building science, he suddenly realized that much of what he had been doing so far in his career was wrong. He immediately stopped everything to reevaluate their systems and processes in order to improve their work and make sure the everything they did was, in fact, high performance and green.His epiphany was very similar to mine, and I applaud him for taking the stand he did within his company. I chose a different path, away from construction and into consulting. This is absolutely in line with my feelings about green building, particularly as described in my profile on this website where I am quoted thusly: “I cannot understand how anyone who learns about green building and remodeling and doesn’t change their ways to go exclusively green. If they don’t they must be stupid or greedy.”I didn’t actually expect them to put that quote on my profile when I wrote it, but I am glad that they did. Devon has the right attitude, as to many others who have made, or are in the process of making the change to all-green, all the time. I applaud everyone’s efforts and look forward to the results.last_img read more

  • 5 Threats Smart Devices and the IoT Could Pose

    first_imgCEOs in Troubled Waters (with Myriam Joire from… A Review of Instagram Marketing by Matthew Lucas Frank is a freelance journalist who has worked in various editorial capacities for over 10 years. He covers trends in technology as they relate to business. We’re in the middle of a full-fledged revolution in technology. Since the birth of the Internet, we’ve been privy to a host of major landmark changes in the way we exchange information (and live our lives), from Wi-Fi to smartphones capable of mobile browsing. Now, we’re seeing the dawn of more diverse smart devices, from televisions to refrigerators and stoves, and we’re beginning to connect them all together in shared systems in a technology known as the Internet of Things (IoT). It’s all very exciting, and futuristic, but there could be some serious threats associated with IoT technology when we start to adopt it as consumers. These are a few of the most important ones we need to consider: Interconnectivity. One of the biggest advantages of IoT technology is also one of its biggest weaknesses: its local network-based connectivity between devices. The idea is to have a centralized system of different devices, such as your thermostat, refrigerator, television, smartphone, and tablet, all working in close conjunction with each other on a single, comprehensively controllable network. This is great in theory, but it also means any one vulnerability in the system—such as a weakness in one device—could expose the entire system to the threat. Every step forward in interconnectivity is also a step up in vulnerability, and it’s something we need to be prepared for. Newness. IoT devices are also new, which means two things. First, many users will be flocking to adopt these devices, making them ripe opportunities for hackers to cash in on. Second, they won’t have been tested in a live environment, which means that even if they’ve gone through extensive security testing, there are almost invariably some weaknesses that cybercriminals will be able to exploit. The first few generations of any technology are exceptionally vulnerable, and you can bet opportunistic hackers will be eager to take advantage of this. Coordinated attacks. There’s also the possibility that the plethora of Internet-enabled devices in circulation could help cybercriminals more efficiently or effectively launch DDoS attacks (Distributed Denial of Service attacks) on their victims. This may not necessarily affect external consumers of IoT devices; instead, a committed hacker may purchase a number of independent smart devices, then program each of them to operate as a separate unit in a scheme to radically increase traffic to a particular destination to overload the servers there.Personal information. Using Internet-capable smart devices in the context of your own home is highly convenient, but it also means you’ll be exchanging more personal information than usual. If you come to rely on these devices as extensions of your own life, you could end up making them gold mines for information about yourself.Hardware issues. Apart from attacks on the software side, the potential rise of potentially billions of connected IoT devices poses risks related to hardware, particularly as it relates to maintenance. The potential market for IoT hardware, while massive, also includes its own risks, including hardware connectivity, hacking and overall potential for malfunctioning. While the software can be hacked, the hardware side remains a threat as well.CaveatsThere are also a few caveats to consider before you get too worried about the threats your own smart devices pose: • Residential value. Most hackers are opportunistic, and smart about the attacks they execute. They won’t risk getting caught in some low-value residential pull; instead, they’re more likely to focus on corporate vulnerabilities, or targets of extreme wealth and value. This means residential consumers of IoT tech have less to worry about than they may initially suspect. • Cat and mouse. As fast as hackers are working to exploit the weaknesses of IoT technology, developers are working to correct them—in fact, many have employed former hackers to help them uncover and fix these weaknesses early on, before they become a problem. The frequency of software updates and patches makes it even easier to keep your smart devices protected against potential threats. • Risk mitigation. Finally, remember that most exploited vulnerabilities are ones that tech owners themselves can prevent with a handful of basic best practices, such as making sure your Wi-Fi network is encrypted, using different, strong, hard-to-guess passwords, and not giving your login information to anybody. Taking these basic precautionary measures can instantly protect you against the majority of cyberattacks, and should be taken by every member of your household or business. These threats don’t mean we shouldn’t keep pursuing IoT technology, and it certainly doesn’t mean we need to be afraid of it in any way. These are merely considerations developers and consumers should bear in mind before launching or buying the first-generation smart devices that seek to fill our homes with more technological sophistication. In time, our best developers and companies will likely iron out these wrinkles, but it’s important to pay attention to the details in the meantime. Related Posts Tags:#IoT Frank Landman Uber vs Lyft: Battling for Supremacy 4 Ways You Can Make Your Workplace an Engine of…last_img read more

  • U.S. Supreme Court Finds West Virginia Discriminates Against Federal Retirees

    first_imgWest Virginia exempts income that police officers and sheriffs receive from state pension plans from personal income tax. It does not provide the same exemption to pension income received by federal law enforcement retirees who live in the state.The U.S. Supreme Court found that the exemption unlawfully discriminates against federal law enforcement employees.U.S. Marshal Challenges Pension ExemptionThe taxpayer spent most of his career as a U.S. Marshal. He served in West Virginia before his retirement. After his retirement, he received retirement benefits from the Federal Employee Retirement System. He claimed an exemption for this retirement income for the tax years in question. West Virginia denied the exemption.He then challenged the West Virginia exemption claiming it violated the intergovernmental tax immunity doctrine under 4 U.S.C. §111. The statute allows state taxation of compensation paid to federal employees. It also prohibits discrimination against federal employees in the taxation of that income.A West Virginia trial court agreed with the taxpayer. The West Virginia Supreme Court reversed. It concluded that West Virginia:applies the exemption only to a narrow class of state retirees; andnever intended the exemption to discriminate against former federal marshals.Unanimous Supreme Court ReversesJustice Gorsuch delivered the opinion for a unanimous Court. It agreed with the trial court’s finding. West Virginia expressly affords state law enforcement retirees a tax benefit that federal retirees cannot receive. So, the pension exemption discriminates against federal retirees The Court rejected West Virginia’s argument about the narrow preference of the exemption.The Court admitted the breadth or narrowness of a state tax exemption is not irrelevant. Under §111, the scope of a state’s tax exemption may affect the scope of its resulting duties. A state that exempts only a narrow subset of state retirees can comply with §111 by exempting the comparable class of federal retirees. But the narrowness or intent of a discriminatory state tax law has never been enough to render it lawful.The Court reversed the West Virginia Supreme Court of Appeals and remanded the case for further proceedings.Dawson v. Steager, U.S. Supreme Court, Dkt. 17-419, February 20, 2019, ¶401-370Login to read more on CCHAnswerConnect.Not a subscriber? Sign up for a free trial or contact us for a representative.last_img read more

  • Maryland Comptroller Improperly Denied NOL Deduction Based on Regulation Amendment

    first_imgSunbelt argued against the NOL denial because the amended regulation: iscontrary to the Maryland statutory scheme;cannotapply to NOLs generated and acquired before the effective date of the announcedregulation; andimpermissiblydiscriminates against interstate commerce in violation of the Commerce Clause. The Maryland Tax Court held the Comptrolleroverreached his authority in limiting a corporate taxpayer’s net operating loss. The Comptrollerimpermissibly created a modification to “federal taxable income” through regulatoryamendments. NOL Regulation Amendment Thetaxpayer based its argument on the Marylandlaw stating that modified income is equal to a corporation’s federaltaxable income. The Tax Court noted that Maryland can change federal taxable income via limited and specifically identified statutes. The Comptroller tried to create a modification by using the definition of “taxable year” out of context. Also, the term “taxable year” is not found in the regulations and is not in any of the statutes authorizing a modification. Therefore, the court reversed the NOL denial. Tax Court Decision Not a subscriber? Sign up for a free trial or contact us for a representative. Taxpayer’s Argumentcenter_img Login to read more on CCHAnswerConnect. In 2007, the Comptroller amended the regulation governing NOLs. The amendments barred taxpayers from using the NOLs of some liquidated or acquired corporations. Taxpayers could only use the NOLs of corporations subject to Maryland tax when the NOLs were generated. Comptroller’s Position By Amber Harker, J.D. The Comptroller contended that he is statutorily authorized to adopt reasonable regulations to administer state income tax laws. He also argued that the acquired corporations had no “taxable year” in Maryland, so the NOLs had no nexus with the state. Merger of Businesses and NOL Deductions The taxpayer, Sunbelt Rentals, acquired andmerged with two entities in 2006. Sunbelt claimed net operating loss (NOL)deductions for 2007 through 2013. However, for three of the tax years, theComptroller did not allow Sunbelt to claim the acquired companies’ carryforwardNOL deductions.last_img read more

  • Creative Inspiration: 3 Business Lessons From A Multi-Billionaire

    first_imgCreative entrepreneurs: improve the way you run your business with three quick lessons from multi billionaire Ray Dalio!I stumbled across this fascinating half hour animation designed to help the common man wrap his noodle around how the economy works, narrated by Ray Dalio, founder of Bridgewater Associates – a fund management company with $150 billion under its supervision. Founded from his two room apartment by Ray in 1975, today Bridgewater is ”ranked as the largest and best-performing hedge fund manager in the world and in both 2012 and 2013 Bridgewater was recognized for having earned its clients more than any other hedge fund in the history of the industry.”So with success like that, I’m all ears. Thankfully Ray has also penned a free 120 page document entitled ”Principles” which outlines his thinking on how to run a successful company. Here are three lessons to help you improve the way you run your creative business from Ray Dalio.1. Think for yourselfThe consensus is often wrong, so I have to be an independent thinker. To make any money,  you have to be right when they’re wrong.One of Ray’s central premises to both his management style and what he looks to for success in life is his nature to be an independent thinker. He says he failed at school because he didn’t like doing things because he ‘had to’, where as at college he excelled because he was doing what he wanted to do. So Ray encourages his employees to have as much diverse and free thinking as they can muster to formulate their own opinions regardless of what others may think of them. But at the same time he also says that he always ‘stress-tested’ his opinions on the smartest people he could find, to see if they could find fault in the logic of his thinking (so he could weed out weaknesses and improve it) even if they disagreed with the outcome of his opinion.I never cared much about others’ conclusions—only for the reasoning that led to these conclusions. That reasoning had to make sense to me. Through this process, I improved my chances of being right, and I learned a lot from a lot of great people.This approach, to improving and growing your ideas and opinions through sharing them with others is extremely valuable when making big decisions, like in what direction to take your company or whether you should invest loads of money in new equipment. Talking through your thinking with others will expose holes you might not have noticed in your excitement (do you actually have any customers for that equipment?) and can help you make smarter decisions.2. Problems are ValuableRay says that one of the major factors in his continued success over the years is that he’s not afraid of problems or failure. And that inside every mistake is a gem that can teach you something valuable to help you improve. Ray makes a great point when he says:I learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective. I learned that wrestling with my problems, mistakes, and weaknesses was the training that strengthened me. Also, I learned that it was the pain of this wrestling that made me and those around me appreciate our successes.In the midst of going through a problem situation it is often difficult to unpick the puzzle of the mistake to pull out the gem of learning, which is why its important to go back and revisit some of your own failures to figure out (with the benefit of hindsight and the distance of time) just what went wrong, why and what you could change to do better next time. This kind of learning is doubly valuable because not only will you mitigate against repeating the same mistake but you’ll improve your chances of success by adopting an improved approach. I’ve also previously blogged some other practical thoughts on what to do when things go wrong, here.3. Living in the Real WorldIn pursuing my goals I encountered realities, often in the form of problems, and I had to make decisions. I found that if I accepted the realities rather than wished that they didn’t exist and if I learned how to work with them rather than fight them, I could figure out how to get to my goals. It might take repeated tries, and seeking the input of others, but I could eventually get there. As a result, I have become someone who believes that we need to deeply understand, accept, and work with reality in order to get what we want out of life.For a third and final lesson from Ray, the principle of dealing with the world as it really is, and with people as they really are is also a crucial element in Ray’s approach to life and business. He argues that the more you understand how the world really works and how people really function the more you can make accurate decisions about what to do.As a quick illustration of this kind of thinking lets take the example of a free lunch. As a freelancer I feel like I’m happier working for a client who gets me lunch, even if I’m on a lower day rate than I would normally agree to, just because I love a free lunch. It doesn’t make financial sense when you do the math, but that’s how I, and I assume, other people work. That’s the reality. Everyone loves stuff for free, even if in reality, they’re paying for it.It might be a silly example, but hopefully thinking more deeply about how and why people do the things they do, will spur you into some more creative thinking about how to get what you want out of life by understanding the real world as it really is.last_img read more

  • Perry Marshall on Mastering Marketing With The 80/20 Rule – Episode #98

    first_imgPodcast: Play in new window | Download (Duration: 50:02 — 40.2MB)Subscribe: Apple Podcasts | Android | Email | Google Podcasts | RSSMany who listen to this podcast are eager to master the things that will move their career or business forward, things like sales and marketing. But mastering marketing and sales is not something that is easy or that happens overnight. Anthony’s guest today, Perry Marshall is one of the people has taken the time and put in the effort to become a master at marketing. His name is synonymous with success when it comes to direct mail, email marketing, and pay per click advertising. On this episode of In The Arena you will hear Anthony’s stimulating conversation with Perry, where Perry describes how he came to discover the application of the 80/20 rule to marketing and sales.Perry Marshall on Mastering Marketing With The 80/20 Rule Click To TweetIf you only have so much time to learn so many things, why not learn the things that will make the most difference, like mastering marketing?The bright shiny object syndrome is alive and well. We see it every day on social media and in the advertisements that come our way. Perry Marshall is committed to avoiding that sort of an approach to marketing and instead loves to teach people how to master those things that will give them the greatest results. That means sales, and that means marketing. In this conversation, Perry describes how scientific principles regarding fractals and probabilities demonstrate the kinds of things that need to be learned and implemented in order for marketing to be mastered. It’s a deep conversation, but one you will value for a long time, so take the time to listen.Why engineering is the ideal education for anyone who wants to go into marketing or salesPerry Marshall earned a degree in the field of engineering. He’s not the kind of guy you would expect to be a leading internet marketer, but he is. He says that the education he received in engineering equipped him better for the marketing business he is now enjoying than anything he could imagine. In this conversation, you will hear his explanation of how engineering and marketing operate according to the same principles and how his ability to view marketing through an engineering lens has enabled him to become a leader in the industry. Perry is a fascinating guy who has lots of great things to share, so make sure you listen.Why engineering is the ideal education for anyone who wants to go into marketing or salesClick To TweetHow a journey into the supposed science behind evolution led to an in-depth look at how successful marketing really worksThe story of how Perry Marshall got from being an engineer to an internet marketer is filled with all kinds of twists and turns that could not have been predicted. One of those includes a debate he was having with his brother about whether or not evolutionary theory as it is typically presented, is true. Perry didn’t believe it was and set out to dig deep into it to see if his hunch was right. What he discovered was not only how false and misleading much of this supposed science out there actually is, but also how the truth of how science works applies across the board in many areas of study, including the mastery of marketing. This episode is a wide-ranging conversation but it is one that you will want to listen to again and again.A 100-year-old rule for marketing – RFM: Recency, Frequency, Money – the formula for online advertisingIn this conversation, Anthony asks Perry Marshall for one piece of advice for those who are considering pay per click advertising as a way to generate leads and make sales. Perry points to a 100-year-old marketing and sales principle that he refers to as RFM. Those letters stand for recency, frequency, and money. In his mind, it is the best formula for discovering where to invest your limited funds for the biggest return on that investment. You can hear his entire explanation of how RFM works as well as many other helpful topics, on this episode of In The Arena.A 100-year-old rule for marketing – RFM: Recency, Frequency, MoneyClick To TweetOutline of this great episode Why Anthony didn’t expect the kind of conversation he had with Perry on this episode. Perry’s background in engineering and why he believes that his education translates well into sales and marketing. Why Perry wrote his book, “Evolution 2.0” How the sales/marketing process relates to Perry’s studies about evolution The hopes Perry had in writing his book, “80/20 Sales and Marketing” Applying the 80/20 rule to marketing Effective marketing on the internet these days – Perry’s view Advice for those thinking of advertising on search engines or social media Anthony’s 80/20 rule about what books to read – and Perry’s lengthy responseResources & Links mentioned in this episodewww.PerryMarshall.com/8020 – Get Perry’s book for only the cost of shippingFollow Perry on TwitterFollow Perry on FacebookPerry’s books mentioned:Evolution 2.080/20 Sales and MarketingThe Ultimate Guide to Google AdwordsBOOK: The 80/20 PrincipleFractals Wikipedia pageBrian KurtzClaude Hopkins’ book “Scientific Advertising”G.K. ChestertonRay Dalio’s book “Principles”Malcolm GladwellBOOK: AntifragileThe theme song “Into the Arena” is written and produced by Chris Sernel. You can find it on SoundcloudConnect with AnthonyWebsite: www.TheSalesBlog.comYoutube: www.Youtube.com/IannarinoFacebook: https://www.facebook.com/iannarinoTwitter: https://twitter.com/iannarinoGoogle Plus: https://plus.google.com/+SAnthonyIannarinoLinkedIn: https://www.linkedin.com/in/iannarino Tweets you can use to share this episodeIf you only have so much time to learn so many things, why not learn the things that will make the most difference, like mastering marketing?Click To TweetHow a journey into the supposed science behind evolution led to an in-depth look at how successful marketing really worksClick To TweetSubscribe toIn the ArenaApple PodcastsGoogle PodcastsAndroidby EmailRSSOr subscribe with your favorite app by using the address below Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Nowlast_img read more