Wednesday, September 19, 2012

SkyDrive adds recycle bin, Excel surveys for the chronically indecisive

SkyDrive adds Recycle Bin and Excel surveys for the chronically indecisive

For all of the talk of cloud backups and sync, there isn't always a safety net when working from the cloud itself -- delete a file online and it might be gone forever. With that in mind, Microsoft just brought Windows' recycle bin concept to SkyDrive through a low-key update. You can now delete anything immediately, knowing that you can change your mind within three days -- and longer still, should the recycle bin occupy less than 10 percent of the storage limit. If you're just as uncertain about creating content as scrapping it, SkyDrive has also received support for creating and sharing Excel surveys to narrow down the scope of a project. The recycle bin should slide into your SkyDrive account within the next day; Excel surveys aren't yet polished enough, but they should be ready "soon."

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Crunch The Numbers On New Commercial Hire Purchase Tax ...

Healthy money flow is crucial to any business. Right alongside purchase of key assets to keep productivity and business edge. Traditionally commercial hire purchase finance has offered commercial borrowers the very best of both worlds. Immediate use of crucial business vehicles and apparatus minus serious upfront capital outlay. As of 1 July 2012 though, all this has changed.

Companies, partnerships, sole traders, even vehicle allowance-eligible staff. Every business borrower incurs extra GST liabilities under the revised commercial hire purchase tax treatment. While such GST expenses can later be claimed back in the most part, the result on commercial cash flow is great. So it's essential that all businesses wanting commercial business financing get up to speed with these commercial hire purchase changes. While doing so , however , it's critical to notice that all is not lost. Amid such significant change to commercial hire purchase finance, one thing stays unchanging ? chattel mortgages. This unchanged commercial finance tool shines a beacon of cost savings and efficiency for embattled business borrowers.

Commercial hire purchase: what has changed?

Historically commercial hire purchase agreements needed payment of GST only on:

  • Purchase price of the asset; or
  • Upfront value of the asset

From 1 July 2012, GST is also charged on:

  • All interest; and
  • Any costs

Borrowers must settle these GST charges on settlement. Either by upfront payment or addition to the CHP loan. Now definitely GST registered borrowers can progressively claim these expenditure back over the loan lifetime. Input Tax Subsidy supplies the vehicle for such claims. Yet meanwhile, borrowers experience a cashflow insufficiency and reduced cost potency. Definitely reason enough to think about alternative finance solutions that preserve cash flow and lower liabilities.

One such finance solution is the Chattel Mortgage. Here a borrower takes speedy possession of the funded asset on purchase. Meanwhile, the bank holds the chattel as security. Now from a GST viewpoint, chattel mortgages offer borrowers similar conditions to traditional commercial hire purchase. Before modified tax treatment bumped up cash outlay. Under a chattel mortgage, GST is owing on the asset purchase price only. That suggests charges, interest, mortgage repayments and residual price are all GST free. Plus borrowers can claim back their GST expenditure upon lodgement of their next BAS statements. Simple.

CHP vs chattel mortgage: enroll expert help in making your choice

Tax can be overwhelming enough. Yet when new tax rules apply to a previously favoured commercial lending tool, it will send any borrower into a spin. Be certain new commercial hire purchase tax treatment does not get the best of you. Get consultant support in understanding the revised GST implications and other options like chattel mortgages. Vet finance broker Natloans places specialists on hand to guide you thru all this and more. So you can still acquire necessary assets without being drained of crucial business cash flow.

Mary Nebotakis ? has a B.Economics Dip.Financial Services Cert IV Workplace Learning Assessment. On her website she has got many interesting videos and articles on commercial hire purchases. You will also find more information on chattel mortgages.

Source: http://www.marketingmii.com/offiline-marketing-tips/crunch-the-numbers-on-new-commercial-hire-purchase-tax-treatment/

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To ban or not to ban? German right-wing group to show anti-Islam film.

After protesters torched the German embassy in Sudan last week, a German right-wing group announced plans to screen 'Innocence of Muslims.'? Now officials are weighing a ban of the event.

By Michael Steininger,?Correspondent / September 19, 2012

A still image taken from video footage shows Sudanese police attempting to disperse demonstrators outside the German embassy in Khartoum last week.

Reuters TV/Reuters

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If Germans thought the international protests against an anti-Muslim video produced in the US had nothing to do with them, they now know they were wrong.

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After protesters in Sudan?s capital Khartoum set fire to the German embassy there last week, an anti-Muslim organization in Germany announced it would be staging a public screening of the video later this year. Now Germany?s political class is debating whether or not such an event should be banned.

Chancellor Angela Merkel rejected accusations that banning the screening would violate freedom of speech. ?We are not intending to ban the film,? she told journalists in Berlin on Tuesday. ?We are checking if a public screening might disturb the peace and should therefore be prohibited.?

The interior minister, Hans-Peter Friedrich, is convinced that a public screening of ?Innocence of Muslims? by the anti-Muslim ?Pro Deutschland? group must be prevented. ?This would constitute a political demonstration. They are recklessly pouring oil on the fire. We will exhaust all legal possibilities to stop such a demonstration from happening,? Mr. Friedrich told German broadcaster Phoenix.

The political opposition is not so sure though. ?The film is tasteless nonsense,? says Green parliamentarian Volker Beck, ?but it does not break any laws.? Katrin G?ring-Eckardt, vice president of Germany?s parliament and a member of the Green party, argues that ?the video is not worth risking our right to freedom of speech for.?

?Pro Deutschland? is a small far-right party which tries to garner support through populist actions like protests against the building of mosques and minarets in German cities. In Berlin and Cologne, members held demonstrations outside mosques, holding up prints of the controversial Danish Muhammad cartoons that sparked unrest across the Muslim world in 2006.

?Pro Deutschland? leader Manfred Rouhs defended the decision to show the controversial video, which for a short time was also posted on the party?s website. ?Muslim people living in Germany have to accept that critics of their religion [?] will speak out publicly,? Mr. Rouhs said in an interview on Reuters Television. ?There should be no other standards for an Islam which allegedly belongs to Germany than for any other religion.?

Muslim leaders in Germany are also divided about the right approach to the provocation by ?Pro Deutschland.? The chairman of the German Central Council of Muslims, Aiman Mazyek, said all legal means should be used to enforce a ban of the movie, which, in his words, was designed to ?sow discord and hatred.?

But the Liberal Islamic Federation in Germany warns against a ban. ?The more one [?] forces this kind of material to become a taboo, the more damage it will cause,? says chairwoman Lamya Kaddor.

Germany is home to four million Muslims, mostly of Turkish or Kurdish origin.

Experts see anti-Muslim campaigns as a tool of the far right in Germany to appeal to a wider public. ?'Freedom, not Islam' sounds much better for German voters than ?Kick out all foreigners,'? says Alexander H?usler, an expert in right-wing populism at the D?sseldorf University of Applied Sciences. ?But the basis for this criticism of Islam?s alleged democratic deficits is racism.?

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/JRB3hYe69EU/To-ban-or-not-to-ban-German-right-wing-group-to-show-anti-Islam-film

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Tuesday, September 18, 2012

Blasts in two Pakistani cities kill 10 people

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Hong Kong sees surge of democratic fervor after 'patriotic education' showdown

Hong Kong had the highest turnout in memory for elections yesterday, underscoring its commitment to the 'two systems government' that Beijing agreed to in the 1997 handover.

By Robert Marquand,?Staff writer / September 10, 2012

Residents walk in front of campaign banners from various candidates for the Legislative Council election campaign in Hong Kong Sept. 9. Hong Kong residents voted for a new legislature on Sunday, a day after the territory's Beijing-backed leader backed down on a plan to introduce a compulsory Chinese school curriculum after tens of thousands of people took to the streets.

Bobby Yip/Reuters

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Hong Kong?s highest election turnout in years yesterday showed a thriving democratic sentiment in a nation that otherwise doesn?t go to the polls.

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The heavy turnout hinged on tumult surrounding a ?patriotic? education plan for Hong Kong schools ? seen as a proxy for Beijing propaganda ? and voter desire to weigh in on the future of the pilot program, which was rejected by all but two of hundreds of schools on the island.

Yesterday?s vote showed political sophistication, analysts say, aided largely by youth, in a vote where bread-and-butter issues like housing and pay figured prominently as well.

Young Hong Kongers spurred a political protest ?movement bigger than anything I?ve seen in a long time,? says Michael DeGolyer, who has long studied city politics at Hong Kong Baptist University. ?You had 16-year-olds bringing their parents into politics, not the other way around.?

The patriotic education course was aimed at elementary-level students and got heavy criticism for teaching little or nothing about cataclysmic events like the Great Leap Forward, the Cultural Revolution, or the Tiananmen Square massacre.

Critics branded it ?brainwashing.??

Hong Kong has long harbored a distrust of mainland Beijing?s heavy-handed efforts to ?make? Hong Kong a ?Chinese? city, even as Hong Kong?s history, civil service, education, and business acumen make it a financial services hub with international characteristics.

After the crippling SARS outbreak in 2003 and efforts by Beijing to institute a ?subversion? law that would throttle free expression, Hong Kong?s civic base has steadily mobilized, despite handicaps in the city governing structure, which favors Beijing.

For weeks ahead of the vote Sunday, ordinary people thronged the eastern business district.

In a rare move, pro-Chinese forces in Hong Kong backed down from plans to make the national education mandatory by 2015. At the 11th?hour on Saturday word came the plan would be voluntary, though many Hong Kongers were suspicious it could reappear later, an old tactic.

In the scale of problems faced by China this fall, though, Hong Kong may not be at the top of the list.

Beijing?s Politburo undergoes a once-in-a-decade leadership change this fall amid recriminations and turmoil over incidents like the disappearance of Bo Xilai. Its stellar growth rate is in some decline. China is also in the middle of tension-building territory disputes in the South China Sea.

Then there is the sense of disquiet and spiritual hunger among the rank and file, according to Gerard Lemos, who has studied ordinary Chinese people in the heartland since 2007. Any kind of unrest, including that in Hong Kong, tends to trouble China?s leaders, who have long said ?stability? is the chief virtue of statecraft.

The patriotic education issue appeared to push voter turnout high enough to give fractious pro-democracy forces enough seats in the legislature (27) to block pro-China forces in coming sessions.

Much credit goes to Hong Kong youth: ?I could not believe the organization, the discipline shown by these kids,? Mr. DeGolyer said by phone. ?They picked up after themselves, articulated what they wanted, and when they didn?t get everything, they didn?t escalate, which has been the problem in the past, but organized a different way forward. It was astonishing.?

He adds: ?If Hong Kong can handle its youth unrest well, then the unrest of youth in China, which we know is growing, may bring the PRC [People's Republic of China] to come here and ask, ?how are you doing this?? ?

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/Zia3v1Tp4dE/Hong-Kong-sees-surge-of-democratic-fervor-after-patriotic-education-showdown

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Asian stocks muted as Fed measures boost fades

HONG KONG (AP) ? Asian stocks were muted Monday as the boost faded from the Federal Reserve's announcement last week of new measures to energize the U.S. economy.

Oil rose while the dollar remained near a four-month low versus the euro as investors bet that the Fed's plan to keep interest rates low and spend billions buying securities would result in better returns on commodities.

Hong Kong's Hang Seng was flat at 20,632.24 and South Korea's Kospi slipped 0.4 percent to 2,000.03.

Australia's S&P/ASX 200 edged 0.2 percent higher to 4,399.00. Mainland China's Shanghai Composite Index fell 1.3 percent to 2,095.70.

Benchmarks in Singapore, Taiwan, New Zealand, Thailand, the Philippines and Indonesia rose. Markets in Japan were closed for a holiday.

Global stock markets rallied late last week after the Fed announced it planned to buy $40 billion of mortgage bonds a month for as long as necessary as part of a strategy known as quantitative easing aimed at encouraging people to borrow money and spend it. The Fed also extended its pledge to keep short-term interest rates low until 2015, a year longer than its previous target.

While investors were still in the mood to take on more risk, "the risk of profit taking has grown given the pace and magnitude of recent moves," strategists at Credit Agricole CIB said in a research note.

Andrew Sullivan, principal sales trader at Piper Jaffray Asia Securities, said this week was a key one for stock markets because investors have now seen most of the possible stimulus measures available to policymakers in major economies ? with the possible exception of China.

"If markets don't rally and volumes don't increase this week then they are unlikely to during the rest of the year," Sullivan said. He said he had doubts that investors would return to the markets.

Uncertainties include the European Union's simmering debt crisis and the state of the U.S. economic recovery, he said. Sullivan also speculated that Chinese authorities could unveil economic stimulus measures ahead of a Communist Party congress expected this autumn to hand over power to a younger generation. The date for that meeting has still not been set.

Hong Kong property companies fell after authorities announced more measures on Friday to tighten requirements for mortgage borrowers to prevent overheating in the property market. Sino Land Co. fell 1.8 percent and New World Development Co. fell 1.3 percent. Henderson Land Development Co. fell 0.6 percent.

In the U.S. on Friday, the Dow 0.4 percent to close at 13,593.37. The broader Standard & Poor's 500 rose 0.4 percent 1,465.77. The Nasdaq composite index climbed 0.9 percent to 3,183.95.

Crude for October delivery was up 10 cents to $99.10 a barrel in electronic trading on the New York Mercantile Exchange. The contract finished up 69 cents to $99 per barrel in New York on Friday.

In currencies, the euro rose to $1.3127 from $1.3117 late Friday. The dollar fell to 78.26 Japanese yen from 77.30 Japanese yen.

Source: http://news.yahoo.com/asian-stocks-muted-fed-measures-boost-fades-050758349.html

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Monday, September 17, 2012

How To Blow A Shofar (VIDEO)

Throughout the past month and during the coming weeks, at specific times in synagogue on the Jewish holidays of Rosh Hashanah and Yom Kippur, a shofar, or ram's horn, is blown. The religious obligation to hear the shofar, a literal and spiritual wake-up call, is special to this time of year.

But how does one make sound come out of a ram's horn? Even for veteran Orthodox Jews, the practice can be a humiliating exercise in public failure.

There are ideal conditions for successfully blowing a shofar. And even professional trombone players (like the one below) find the shofar to be a finicky instrument.

This video was produced by Chabad.org for its video portal Jewish.TV

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Source: http://www.huffingtonpost.com/2012/09/16/how-to-blow-a-shofar-video_n_1885351.html

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