dlutrues's Space http://dlutrues.posterous.com Most recent posts at dlutrues's Space posterous.com Mon, 14 Jan 2013 00:14:41 -0800 How to Restore a Locked and Disabled iPhone or iPad [GUIDE] http://dlutrues.posterous.com/how-to-restore-a-locked-and-disabled-iphone-o http://dlutrues.posterous.com/how-to-restore-a-locked-and-disabled-iphone-o

The entry code or password for your most cherished device such as an iPhone or iPad may get locked and disabled, due to faulty inputs on a buggy Bluetooth keyboard or a complete short-term memory loss. Apple is known to allow up to six attempts for password entry before the iOS device automatically locks out and gets completely disabled.

Although Apple has shared a number of Knowledge Base articles to help resolve such issues, the solutions come with their own set of constraints and deadlocks. So, it would be wise to ascertain the consequences before performing any further action to unlock your device.

Here are a few key actions/solutions with their ramifications:

Syncing the Device with iTunes

Scenario 1: If you have access to or already synced the device with iTunes


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  • Connect the device with iTunes (you may get an error)
  • Right-click on the device name (in iTunes 11 browse and select the device name from the sidebar's View Menu) and choose Backup
  • Once the backup is done, click Restore

NOTE: If you are prompted to enter a password while connected to iTunes, then you should try another computer which you recently synced with or try the Never Synced with iTunes option.

iTunes Backup

Use iTunes local backup to recover your device's security passcode

Use iTunes local backup to recover your device's security passcode

There are two kinds of backups - encrypted and non-encrypted. The encrypted version stores all your account passwords on the device and will require you to entire a single master-password for all functions on the device, which is a big plus. On the downside, if you forget this password, you will lose access to all backed up data and hence you will have to start over (installing purchased apps and music) from the scratch.

On the other hand, the non-encrypted backup requires you to remember and re-enter all your account passwords on the device. But the master-password will be off and you can skip backup if you already have the latest backup on the device.

Scenario 2: If you never synced the device with iTunes

This method involves booting the device in Recovery mode and performing full data wipe. In other words, it will be a fresh installation of purchased apps and music.

In this scenario, if you try to connect the device with iTunes, you will receive the following error message:

Now, you have to place the device in Recovery mode manually, as follows:

  • Unplug the sync cable from your device
  • Switch off your device (hold the power button down and slide it to power off)
  • Press and hold the Home button and plug in the sync cable
  • Continue to hold the Home button until you see "Connect to iTunes". When you see this message, release the home button.
  • Now, iTunes will Restore the device to factory settings. In other words, you'll have some work to do to get things back to normal.

NOTE: If you do not have a backup and want to restore your purchased apps and music, check out Apple's support article on how to download your purchased software.

Use Find My iPhone app to erase your iPhone 5 data completely and then restore the device's unlock password

Use Find My iPhone app to erase your iPhone 5 data completely and then restore the device's unlock password

Now, you can erase data on your device either locally by mounting the device as mass storage on a computer or via iCloud.com or with Find My iPhone app installed on another iOS device. Assuming that Find My iPhone function is already turned on with the disabled device (when you first setup your device), you can use the Erase Phone/iPad option.

iCloud Backup

Use iCloud's Restore from Backup option to recover your device's security passcode

Use iCloud's Restore from Backup option to recover your device's security passcode

iCloud backup and restore is another option you could use to reset passcode, if you have a device backup on your iCloud storage (which offers up to 5GB free space). Users needing larger storage space can buy another 10GB of space for $20 on iCloud.

Buy more storage space on iCloud

Buy more storage space on iCloud

The iCloud backup runs automatically in the background under following instances:

  • when your device is plugged in to the computer
  • locked or disabled
  • connected to Wi-Fi
Use iCloud's Restore from Backup option to recover your device's security passcode

Use iCloud's Restore from Backup option to recover your device's security passcode

iCloud backup can be turned on by navigating to iCloud > Storage and Backup > Turn iCloud Backup on. You can also delete unwanted backup files such as Keynote decks, pages docs and old unused data to free space in iCloud. In addition, you can always upgrade your free iCloud account for more storage space or cancel an existing plan or opt for a new one depending on your needs.

[Source: iPhone Hacks]

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Source: http://www.ibtimes.co.uk/articles/423526/20130113/restore-locked-iphone-ipad-icloud-backup-itunes.htm

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Sun, 13 Jan 2013 22:26:43 -0800 Pets | CJOnline.com http://dlutrues.posterous.com/pets-cjonlinecom http://dlutrues.posterous.com/pets-cjonlinecom

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Source: http://cjonline.com/news/2013-01-12/pets

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Sun, 13 Jan 2013 16:54:59 -0800 No 'Death Star' for US Military, White House Says http://dlutrues.posterous.com/no-death-star-for-us-military-white-house-say http://dlutrues.posterous.com/no-death-star-for-us-military-white-house-say

This story was updated at 11:42 p.m. ET.?

The planet-killing Death Star may have been the ultimate weapon for the Empire in the "Star Wars" films, but it has no place in the United States military today, a White House official said Friday (Jan. 11).

The statement, an official response a petition to begin building a real-life Death Star by 2016 on the White House's We the People website, said President Barack Obama's Administration cannot support building the science fiction weapon for several down-to-Earth reasons.

"The Administration shares your desire for job creation and a strong national defense, but a Death Star isn't on the horizon," wrote Paul Shawcross, chief of the Science and Space Branch at the White House's Office of Management and Budget.

The Death Star petition, posted in the November, was signed by 34,435 people and the White House has pledged to respond to any petitions that garner 25,000 signatures in 30 days.

Not the least of the hurdles for a real-life Death Star is the space construction costs, which Shawcross said has been estimated at $850 quadrillion (that's $850,000,000,000,000,000). The White House is trying to reduce the deficit, not expand it, he wrote.

Then there's the Death Star's planet-destroying warship nature.

"The Administration does not support blowing up planets," Shawcross wrote.

And of course, there's the fact that Luke Skywalker destroyed the first Death Star with a single X-wing fighter.

"Why would we spend countless taxpayer dollars on a Death Star with a fundamental flaw that could be exploited by a one-man starship?" Shawcross explained.

While there will be no moon-size Death Star in the U.S. military's arsenal by 2016, Saturn's real-life moon Mimas does look eerily similar to the fictional warship. [Saturn's'Death Star' Moon Mimas (Photos)]

Last year, astronomers with the agency's planet-hunting Kepler space telescope also announced that they found a real-life version of Tatooine, Luke's home planet with two suns. NASA also plans to send astronauts where no one has gone before ? an asteroid ? by 2025, and then take aim a manned trip to Mars in the 2030s.

And Shawcross also urged the public to go outside at night and look up.

"However, look carefully (here's how) and you'll notice something already floating in the sky ? that's no moon, it's a space station!" Shawcross wrote. "Yes, we already have a giant, football field-sized International Space Station in orbit around the Earth that's helping us learn how humans can live and thrive in space for long durations."

The?International Space Station ?is a $100 billion orbiting lab ??a deal compared to the Death Star ??and is currently home to a six-man crew representing the United States, Russia and Canada. Construction of the space station began in 1998 and today it is the largest manmade structure in space. It has the same living space as a five-bedroom house.

The space station can appear so bright to observers on Earth that at times it rivals Venus, the brightest planet in the night sky. Two American astronauts (of NASA), three Russian cosmonauts and a Canadian astronaut currently live on the station.

And Shawcross said there are other Star Wars technologies besides the Death Star that do have a place in today's society.

"We don't have a Death Star, but we do have floating robot assistants on the space station, a President who knows his way around a light saber and advanced (marshmallow) cannon, and the Defense Advanced Research Projects Agency, which is supporting research on building Luke's [robotic] arm, floating droids, and quadruped walkers," Shawcross wrote.

"We are living in the future!" Shawcross wrote. "Enjoy it. Or better yet, help build it by pursuing a career in a science, technology, engineering or math-related field."

The Administration and NASA have both been working to spur interest in science, math, engineering and technology among students.

"If you do pursue a career in a science, technology, engineering or math-related field, the Force will be with us!" Shawcross concluded. "Remember, the Death Star's power to destroy a planet, or even a whole star system, is insignificant next to the power of the Force."

With the Death Star officially the table, there is another science fiction spaceship petition that could draw a White House response.

Last month, an engineer writing as BTE Dan launched a petition to build a real-life Starship Enterprise from the "Star Trek" TV series. So far, 5,973 have signed the petition, so it still has a ways to go to prompt a White House response. The petition's deadline is Jan. 21.

For Shawcross's full response to the Death Star response, visit: https://petitions.whitehouse.gov/response/isnt-petition-response-youre-looking

Editor's note: This story was updated to correct the number of signatures on the petition to build a Starship Enterprise. The correct number of petition signatures to date is?5,973.

You can follow SPACE.com Managing Editor Tariq Malik on Twitter?@tariqjmalik.?Follow SPACE.com for the latest in space science and exploration news on Twitter?@Spacedotcom?and on?Facebook.

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://news.yahoo.com/no-death-star-us-military-white-house-says-160359143.html

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Sat, 12 Jan 2013 22:40:10 -0800 China's e-commerce giant aims to remain agile http://dlutrues.posterous.com/chinas-e-commerce-giant-aims-to-remain-agile http://dlutrues.posterous.com/chinas-e-commerce-giant-aims-to-remain-agile Lead Photo

Alibaba Group claims to sell more goods to online shoppers than Amazon.com Inc. and eBay Inc. combined, but the Chinese e-commerce giant aims to remain nimble. With that in mind, the company announced this week plans to divide itself into 25 business units, the company?s third reorganization in less than two years.

"We are going to make the most difficult?organizational and cultural?transformation in Alibaba's 13-year history," chairman and CEO Jack Ma wrote in an e-mail to the company?s 24,000 employees, according to the company?s Alizila blog. Ma urged employees to "work together to make every business unit small but beautiful, and enable them to collaboratively drive the development of and create value for the ecosystem."

The change will keep Alibaba agile at a time when China?s Internet industry is changing rapidly, says Alibaba chief financial officer Joe Tsai.

"Rather than looking at six or seven big business groups, each of the 25 units could be a significant player in their industry and be very influential," he said. For example, he says, for the first time Alibaba has broken out online travel as a separate division.

Alibaba split itself into seven business units in July. A year earlier, it divided its Taobao?marketplace business into three units.

These reorganizations are Ma?s response to the rapid evolution of e-commerce in China, says Ernie Diaz, director of Beijing-based online marketing firm Web Presence in China. ?As the breakneck development of Chinese e-commerce ramifies into ever more profitable sub-industries: cloud hosting, display advertising, affiliate marketing, et al, Jack sees that the only way for Alibaba to remain a giant on the e-landscape is to create dedicated subdivisions to influence and dominate that development,? Diaz says. ?Keeping these subdivisions integrated rather than siloed will be the issue that defines the success of this new tactic.?

These changes come as Alibaba reports ongoing growth and heads for a likely initial public offering of stock this year or next. The company says its two big online marketplaces in China?Taobao for smaller sellers and Tmall for larger brands?exceeded 1 trillion yuan?worth of sales ($161 billion) in the first eleven months of 2012, a month ahead of company projections. Company executives expect those sales to triple in the next five years, putting Alibaba in position to challenge Wal-Mart Stores Inc. as the world?s largest retailer.

Taobao and Tmall dominate online retailing in China, accounting for 81.5% of online purchases by Chinese shoppers in 2011, according to data from investment firm Macquarie Capital Securities Limited. That helps account for the $40 billion market valuation of Alibaba, based on the $7.6 billion it paid Yahoo Inc. in September for about half of its 40% stake in the Chinese firm.

Alibaba also scored a coup last month when the U.S. government removed?Alibaba from a list of marketplaces where counterfeit and pirated goods are freely sold.

400 Online Sales: Growth: See More 500 Online Sales: Growth: See More 1000 Online Sales: Growth: See More

Source: http://www.findata.co.nz/News/18669990/China39s_ecommerce_giant_aims_to_remain_agile.htm

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Mon, 07 Jan 2013 16:52:06 -0800 Dwight Howard Diagnosed with Torn Labrum, Out Indefinitely http://dlutrues.posterous.com/dwight-howard-diagnosed-with-torn-labrum-out http://dlutrues.posterous.com/dwight-howard-diagnosed-with-torn-labrum-out

Source: http://www.thehollywoodgossip.com/2013/01/dwight-howard-diagnosed-with-torn-labrum-out-indefinitely/

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Mon, 07 Jan 2013 04:18:13 -0800 Ask Engadget: best smartphone car mount? http://dlutrues.posterous.com/ask-engadget-best-smartphone-car-mount http://dlutrues.posterous.com/ask-engadget-best-smartphone-car-mount

Ask Engadget best smartphone car mount

We know you've got questions, and if you're brave enough to ask the world for answers, then here's the outlet to do so. This week's Ask Engadget inquiry is from Sam, who needs to find a new way of attaching a Galaxy S III to a windshield. If you're looking to ask one of your own, drop us a line at ask [at] engadget [dawt] com.

"I've ditched my GPS unit for a Galaxy S III in my car, but I can't find a good windshield mount. Are there any models that don't use suction cups? For some reason they won't stick to my window, and yes, before you ask, yes I do keep it clean. Thanks!"

While we wouldn't recommend doing anything unhealthy, we've found a good lick on the suction cup before attaching it sometimes helps. Your mileage, however, may vary. Still, you could always try one of TomTom's generic smartphone dashboard mounts or perhaps even using a Bean Bag mount? As for a window mount that doesn't use suction cups? That's a question we'll leave for our friendly commenters to join in on.

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Source: http://www.engadget.com/2013/01/05/ae-smartphone-car-gps-mount/

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Mon, 07 Jan 2013 02:37:09 -0800 Parks and Recreation Youth Tennis Lessons Starting Soon ... http://dlutrues.posterous.com/parks-and-recreation-youth-tennis-lessons-sta http://dlutrues.posterous.com/parks-and-recreation-youth-tennis-lessons-sta

Home | Multiple Categories | Parks and Recreation Youth Tennis Lessons Starting Soon

Missoula Parks and Recreation invites kids to try ?10-&-Under Tennis,? lessons designed especially for younger children. 10-&-Under Tennis is an exciting new play format designed to bring kids into the game by utilizing specialized equipment, shorter court dimensions and modified scoring, all tailored to their age and size.? Within the first hour of stepping onto the court, kids are actually playing the game, rallying with one another, moving around and having fun!

10-&-Under Tennis lessons for kids ages 5 to 10 meet Tuesdays and Thursdays afternoons beginning Tuesday, January 8.? New four-week sessions begin on February 5 and March 5.? Lessons meet from 4:30 to 5:30 p.m. at Parks and Recreation?s Sports and Wellness Center at 1515 Fairview.? The registration fee is $50, or $40 with a city resident discount card.? Parks and Recreation?s tennis pro, Collin Fehr, is a nationally certified tennis instructor with over 20 years of tennis experience.? 10 & Under Tennis is the fast, fun way to get kids into tennis?and keep them playing.

To register, phone 721-PARK or stop by Currents Aquatics Center in McCormick Park. For more information, visit the Parks and Recreation website.

Source: http://www.makeitmissoula.com/2013/01/parks-and-recreation-youth-tennis-lessons-starting-soon/

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Mon, 07 Jan 2013 00:42:05 -0800 Confess? Armstrong may not have much to gain http://dlutrues.posterous.com/confess-armstrong-may-not-have-much-to-gain http://dlutrues.posterous.com/confess-armstrong-may-not-have-much-to-gain

AUSTIN, Texas (AP) ? Lance Armstrong may be considering a change in course, dropping his years of denials and admitting that he used performance-enhancing drugs ? though whether such a move would help him is uncertain.

The New York Times, citing anonymous sources, reported late Friday that Armstrong has told associates he is thinking about the move.

However, Armstrong attorney Tim Herman says that the cyclist hasn't reached out to USADA chief executive Travis Tygart and David Howman, director general of the World Anti-Doping Agency.

A USADA spokeswoman declined comment on Saturday, while Howman was quoted by the Sunday Star-Times in New Zealand, where he is vacationing, saying Armstrong has not approached his group.

USADA stripped Armstrong of his seven Tour de France titles last year and issued a report portraying the cyclist as the leader of a sophisticated doping operation on his winning teams.

Public confessions and apologies have been the route of redemption for several athletes who have gotten in trouble.

For example, Tiger Woods said he was sorry for cheating on his wife in televised speech, and baseball slugger Mark McGwire eventually admitted to steroid use. Yet Armstrong faces serious legal entanglements those megastars didn't, and a confession to doping could end up complicating matters for Armstrong ? not making them easier.

The U.S. Department of Justice is considering whether to join a federal whistle-blower lawsuit filed by former Armstrong teammate Floyd Landis alleging fraud against the U.S. Postal Service during the years the agency sponsored Armstrong's teams.

A Dallas-based promotions company has also said it wants to recover several million dollars paid to Armstrong in bonuses for winning the Tour de France. And the British newspaper The Sunday Times is suing to recover about $500,000 paid to Armstrong to settle a libel lawsuit.

Armstrong has testified under oath that he never used performance-enhancing drugs, which could theoretically lead to charges if he confessed. Former U.S. track star Marion Jones spent several months in federal prison for lying to investigators about her drug use.

And after so many years of vehement denials and sworn statements that he never doped, at this point, what would Armstrong gain from a confession? There would be no guarantee that his personal sponsors would return or that the public would accept it.

Is the public even interested in an Amrstrong confession?

Gene Grabowski, executive vice president of Levick, a Washington, D.C.-based crisis and issues management firm, said "it may be too little, too late because he's been denying it for so long."

A confession would only work to salvage Armstrong's reputation if he accepted full responsibility and blamed no one else, Grabowski said. And it would have to include some public act of atonement.

"If he does all three, he has a shot," Grabowski said. "You have to show people you are willing to pay a price."

The New York Times reported the 41-year-old Armstrong may be considering a confession in an attempt to reduce his lifetime ban from cycling and Olympic sport so he can return to competing in triathlons and elite running events.

Armstrong lost most of his personal sponsorship worth tens of millions of dollars after USADA issued its report and he left the board of the Livestrong cancer-fighting charity he founded in 1997. He is still worth about a reported $100 million.

Livestrong might be one reason to issue an apology. The charity supports cancer patients and still faces an image problem because of its association with its famous founder.

And if Armstrong did confess, the corporate sponsors who abandoned him might support him again, Grabowski said.

"They'll do what the public does," Grabowski said.

Betsy Andreu, the wife of former Armstrong teammate Frankie Andreu, was one of the first to publicly accuse Armstrong of using performance-enhancing drugs.

She dismissed a potential confession from Armstrong as self-serving and too late.

"Sorry, your chance is over. You're banned for life. It's not with an asterisk, that because you are Lance Armstrong you get to come back," Andreu said. "He does not belong in sport."

Source: http://news.yahoo.com/confess-armstrong-may-not-much-gain-220539709--spt.html

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Fri, 04 Jan 2013 00:08:14 -0800 Inmate ordered retried in '80 'waiting ever since' http://dlutrues.posterous.com/inmate-ordered-retried-in-80-waiting-ever-sin http://dlutrues.posterous.com/inmate-ordered-retried-in-80-waiting-ever-sin

GATESVILLE, Texas (AP) ? Jerry Hartfield was still a young man when an uncle visited him in prison to tell him that his murder conviction had been overturned and he would get a new trial.

Not long afterward, he was moved off of death row.

"A sergeant told me to pack my stuff and I wouldn't return. I've been waiting ever since for that new trial," Hartfield, now 56, said during a recent interview at the prison near Gatesville where he's serving life for the 1976 robbery and killing of a Bay City bus station worker. He says he's innocent.

The Texas Court of Criminal Appeals overturned Hartfield's murder conviction in 1980 because it found a potential juror improperly was dismissed for expressing reservations about the death penalty. The state tried twice but failed to get the court to re-examine that ruling, and on March 15, 1983 ? 11 days after the court's second rejection ? then-Gov. Mark White commuted Hartfield's sentence to life in prison.

At that point, with Hartfield off death row and back in the general prison population, the case became dormant.

"Nothing got filed. They had me thinking my case was on appeal for 27 years," said Hartfield, who is described in court documents as an illiterate fifth-grade dropout with an IQ of 51, but who says he has since learned to read and has become a devout Christian.

A federal judge in Houston recently ruled that Hartfield's conviction and sentence ceased to exist when the appeals court overturned them ? meaning there was no sentence for White to commute. But Hartfield isn't likely to go free or be retried soon because the state has challenged a 5th U.S. Circuit Court of Appeals' decision favorable to Hartfield, arguing he missed a one-year window in which to appeal aspects of his case.

A 5th Circuit panel of the New Orleans court agreed with the district court in an October ruling, but last month it made a rare, formal request to the Texas appeals court asking it to confirm its decades-old decision to overturn Hartfield's conviction.

Hartfield's current attorney, Kenneth R. Hawk II, recently described the case as a "one-in-a-million" situation in which an inmate has been stuck in the prison system for more than three decades because no one seems to know what to do with him.

"When you see it, it's kind of breathtaking," he said. "It was tough story for him so far and it's not over yet. ... The bottom line is the commutation came after a mandate was issued. It wasn't valid and it's time for him to get a new trial."

Several factors appear to have contributed to Hartfield's unusual predicament.

Hartfield said that when his uncle read him the article about his conviction being overturned, he didn't fully grasp the meaning of it. Furthermore, Hartfield's trial lawyers, who worked on his initial appeal, stopped representing him once his death sentence was commuted, said Robert Scardino, who was the lead trial attorney.

"When governor commuted the sentence, that's when our obligations to Hartfield ended," Scardino said.

Hartfield was 21 in June 1977 when he was convicted of murdering 55-year-old Eunice Lowe, a bus station ticketing agent who was beaten with a pickaxe and robbed. Her car and nearly $3,000 were stolen. Lowe's daughter found her body in a storeroom at the station.

At the time, Hartfield, who grew up in Altus, Okla., had been working on the construction of a nuclear power plant near Bay City, which is about 100 miles southwest of Houston. He was arrested within days in Wichita, Kan., and while being returned to Texas, he made a confession to officers that he calls "a bogus statement they had written against me." That alleged confession was among the key evidence used to convict Hartfield, along with an unused bus ticket found at the crime scene that had his fingerprints on it and testimony from witnesses who said he had talked about needing $3,000.

Scardino said he tried using an insanity defense for Hartfield and that psychiatrists called by the defense described Hartfield as "as crazy a human being as there was."

Virginia Higdon, who lived next door to Lowe and knew her most of her life, told the AP that she spoke to Lowe the day she was killed and her friend complained of about a man who refused to leave the station.

"'I can't get rid of this guy. He's just sitting there eating candy, a bag of candy,'" Higdon said her friend told her. "And it was Jerry Hartfield."

She said it's "absurd" that Hartfield might ever be released or retried.

Jurors deliberated for 3? hours before convicting Hartfield of murder and another 20 minutes to decide he should die, Scardino said. He said the jury foreman later told him the jurors were "all farmers and ranchers down here, and when one of our animals goes crazy, we shoot it."

Matagorda County District Attorney Steven Reis said with the appeal still pending, it's premature to discuss a possible retrial of Hartfield. Lowe's killing was particularly bloody and investigators found semen on her body, but Reis declined to say whether there was crime scene evidence from the case that could undergo DNA testing, which wasn't available when Lowe was killed.

Scardino said that if Hartfield's confession, which he believes authorities illegally obtained, is allowed at a retrial, Hartfield risks being sent back to death row.

"You have to think: Why would you undo something like that now when you might be looking at something like the death penalty?" he said.

But in 2002, the U.S. Supreme Court outlawed executing mentally impaired people, a threshold generally accepted as below the IQ of 70.

Hartfield insists that he's not angry that he's spent nearly all of his entire adult life locked up, and he says he holds no grudges.

"Being a God-fearing person, he doesn't allow me to be bitter," he said. "He allows me to be forgiving. The things that cause damage to other people, including myself, that's something I have to forgive.

"In order to be forgiven, you have to forgive."

Source: http://news.yahoo.com/inmate-ordered-retried-80-waiting-ever-since-192257674.html

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Thu, 03 Jan 2013 03:19:30 -0800 Dems want House vote on Senate-passed 'cliff' deal http://dlutrues.posterous.com/dems-want-house-vote-on-senate-passed-cliff-d http://dlutrues.posterous.com/dems-want-house-vote-on-senate-passed-cliff-d

House Minority Leader Nancy Pelosi of Calif., right, walks down a staircase on Capitol Hill in Washington, Tuesday, Jan. 1, 2013, to a Democratic caucus meeting with Vice President Joe Biden. Squarely in the spotlight, House Republicans began deciding their next move Tuesday after the Senate overwhelmingly approved compromise legislation negating a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies. (AP Photo/Jacquelyn Martin)

House Minority Leader Nancy Pelosi of Calif., right, walks down a staircase on Capitol Hill in Washington, Tuesday, Jan. 1, 2013, to a Democratic caucus meeting with Vice President Joe Biden. Squarely in the spotlight, House Republicans began deciding their next move Tuesday after the Senate overwhelmingly approved compromise legislation negating a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies. (AP Photo/Jacquelyn Martin)

(AP) ? House Democratic leaders are pressing Speaker John Boehner to let the House vote on the Senate-approved bipartisan compromise that would avert much of the impact of the so-called fiscal cliff.

Following a nearly three-hour private meeting Tuesday between Vice President Joe Biden and House Democratic lawmakers, Minority Leader Nancy Pelosi said Democrats expected Boehner to allow the House to vote on the accord.

Boehner has said the House will vote on the Senate measure or vote to amend it. He and House GOP lawmakers were also meeting Tuesday, and some Republicans expressed concerns that the measure needed more spending cuts.

The Senate passed the measure early Tuesday on an 89-8 vote.

The compromise would allow tax increases on the nation's highest earners but prevent tax boosts from everyone else.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-01-01-Fiscal%20Cliff-Democrats/id-5cef4352a7874967953ef5da5bff5dcd

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Wed, 02 Jan 2013 23:30:40 -0800 Can diet beat depression? http://dlutrues.posterous.com/can-diet-beat-depression http://dlutrues.posterous.com/can-diet-beat-depression

Jan. 3, 2012 ? Research into diet and depression should follow the model of studies into diet and cardiovascular risk. So argue Almudena Sanchez-Villegas and Miguel A Mart?nez-Gonz?lez in an opinion piece, in BioMed Central?s open access journal BMC Medicine this week.

The authors, from the universities of Las Palmas and Navarra, assess the evidence into links between diet and depression and find it lacking. ?Depression is similar in many aspects to heart disease? they explained. ?Both are associated with low-grade inflammation, endothelial dysfunction and worse lipid profiles. This tends to suggest that the underlying causes, such as a diet high in trans fats, are also the same.?

Though there is plenty of evidence that there is an association, and that fast food increases risk of depression (while the Mediterranean diet decreases it), most of these studies do not show causality. Almudena Sanchez-Villegas continued, ?It is difficult to be sure that the diet is responsible for depression ? it could be that depressed people make bad food choices. Other study problems include ?confounders? which may influence dietary habits, such as marital status, exercise, alcohol (or smoking), medical conditions and social networks. Or simply genetics.?

Miguel A Mart?nez-Gonz?lez concluded, ?To address these issues we need long term, randomised clinical studies similar to ones successfully conducted for diet and cardiovascular disease risk. Only then will we really understand the impact of diet of depression.?

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The above story is reprinted from materials provided by BioMed Central Limited.

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Journal Reference:

  1. Almudena Sanchez-Villegas and Miguel A Mart?nez-Gonz?lez. Diet, a new target to prevent depression? BMC Medicine, 2013 [link]

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/exPKqfIN6NE/130102205517.htm

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Wed, 02 Jan 2013 17:57:02 -0800 House finally ready to vote on fiscal deal http://dlutrues.posterous.com/house-finally-ready-to-vote-on-fiscal-deal http://dlutrues.posterous.com/house-finally-ready-to-vote-on-fiscal-deal

WASHINGTON (AP) ? Maneuvered into a political corner, House Republicans abandoned demands for changes in emergency legislation to prevent widespread tax increases and painful across-the-board spending cuts and cleared the way for a final, climactic New Year's night vote.

The decision capped a day of intense political calculations for conservatives who control the House. They had to weigh their desire to cut spending against the fear that the Senate would refuse to consider any changes they made in the "fiscal cliff" bill, sending it into limbo and saddling Republicans with the blame for a whopping middle class tax increase.

Adding to the GOP discomfort, one Senate Democratic leadership aide said Majority Leader Harry Reid would "absolutely not take up the bill" if the House changed it. The aide spoke on condition of anonymity, citing a requirement to keep internal deliberations private.

The legislation cleared the Senate hours earlier on a lopsided pre-dawn vote of 89-8. Administration officials met at the White House to monitor its progress.

"I do not support the bill. We are looking, though, for the best path forward," House Majority Leader Eric Cantor, R-Va., declared after one meeting of the party's rank-and-file.

Despite Cantor's remarks, Speaker John Boehner took no public position on the bill as he sought to negotiate a conclusion to the final crisis of a two-year term full of them.

It wasn't the first time that the tea party-infused House Republican majority has rebelled against the party establishment since the GOP took control of the chamber 24 months ago. But with the two-year term set to end Thursday at noon, it was likely the last. And as was true in earlier cases of a threatened default and government shutdown, the brinkmanship came on a matter of economic urgency, leaving the party open to a public backlash if tax increases do take effect on tens of millions.

After intensive deliberations ? a pair of rank-and-file meetings sandwiched around a leadership session, the GOP high command had not yet settled on a course of action by early evening.

Instead, they canvassed Republicans to see if they wanted simply to vote on the Senate measure, or whether they wanted first to try and add spending cuts totaling about $300 billion over a decade. The cuts had passed the House twice earlier in the year but are opposed by most if not all Senate Democrats.

"We've gone as far as we can go," said Rep. Jack Kingston, R-Ga. "I think people are ready to bring this to a conclusion, and know we have a whole year ahead of us" for additional fights over spending.

The economic as well as political stakes were considerable.

Economists have warned that without action by Congress, the tax increases and spending cuts that technically took effect with the turn of the new year at midnight could send the economy into recession.

Even with enactment of the legislation, taxes are on the rise for millions.

A 2 percentage point temporary cut in the payroll tax, originally enacted two years ago to stimulate the economy, expired with the end of 2012. Neither Obama nor Republicans have made a significant effort to extend it.

The Senate-passed bill was designed to prevent that while providing for tax increases at upper incomes, as Obama campaigned for in his successful bid for a second term.

It would also prevent an expiration of extended unemployment benefits for an estimated two million jobless, block a 27 percent cut in fees for doctors who treat Medicare patients, stop a $900 pay increase for lawmakers from taking effect in March and head off a threatened spike in milk prices.

At the same time, it would stop $24 billion in spending cuts set to take effect over the next two months, although only about half of that total would be offset with spending reductions elsewhere in the budget.

The non-partisan Congressional Budget Office said the measure would add nearly $4 trillion over a decade to federal deficits, a calculation that assumed taxes would otherwise have risen on taxpayers at all income levels. There was little or no evident concern among Republicans on that point, presumably because of their belief that tax cuts pay for themselves by expanding economic growth and do not cause deficits to rise.

The relative paucity of spending cuts was a sticking point with many House Republicans. Among other items, the extension of unemployment benefits costs $30 billion, and is not offset by savings elsewhere.

"I personally hate it," said Rep. John Campbell of California. "The speaker the day after the election said we would give on taxes and we have. But we wanted spending cuts. This bill has spending increases. Are you kidding me? So we get tax increases and spending increases? Come on."

Others said unhappiness over spending outweighed fears that the financial markets will plunge on Wednesday if the fiscal cliff hasn't been averted.

"There's a concern about the markets, but there's a bigger concern, which is getting this right, which is something we haven't been very good at over the past two years," said Rep. Steve LaTourette of Ohio.

House Democrats met privately with Biden for their review of the measure, and the party's leader, Rep. Nancy Pelosi of California, said afterward that Boehner should permit a vote.

"That is what we expect. That is what the American people deserve," she said.

For all the struggle involved in the legislation, even its passage would merely clear the way for another round of controversy almost as soon as the new Congress convenes.

With the Treasury expected to need an expansion in borrowing authority by early spring, and funding authority for most government programs set to expire in late March, Republicans have made it clear they intend to use those events as leverage with the administration to win savings from Medicare and other government benefit programs.

McConnell said as much moments before the 2 a.m. Tuesday vote in the Senate ? two hours after the advertised "cliff" deadline.

"We've taken care of the revenue side of this debate. Now it's time to get serious about reducing Washington's out-of-control spending," he said. "That's a debate the American people want. It's the debate we'll have next. And it's a debate Republicans are ready for."

The 89-8 vote in the Senate was unexpectedly lopsided.

Despite grumbling from liberals that Obama had given way too much in the bargaining, only three Democrats opposed the measure.

Among the Republican supporters were Sen. Pat Toomey of Pennsylvania, an ardent opponent of tax increases, as well as Sen. Ron Johnson of Wisconsin, elected to his seat two years ago with tea party support.

It marked the first time in two decades that Republicans willingly supported higher taxes, in this case on incomes over $400,000 for individuals and $450,000 for couples. Taxes also would rise on estates greater than $5 million in size, and on capital gains and dividend income made by the wealthy.

___

Associated Press writers Andrew Taylor, Larry Margasak and Julie Pace contributed to this story.

Source: http://news.yahoo.com/house-vote-years-night-cliff-012539090--finance.html

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Wed, 02 Jan 2013 03:17:28 -0800 North Korean leader seeks end to confrontation with South http://dlutrues.posterous.com/north-korean-leader-seeks-end-to-confrontatio http://dlutrues.posterous.com/north-korean-leader-seeks-end-to-confrontatio

SEOUL (Reuters) - North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year speech broadcast on state media.

The address by Kim, who took over power in the reclusive state after his father, Kim Jong-il, died in 2011, appeared to take the place of the policy-setting New Year editorial published in leading state newspapers.

But North Korea has offered olive branches before and Kim's speech does not necessarily signify a change in tack from a country which vilifies the United States and U.S. ally South Korea at every chance it gets.

Impoverished North Korea raised tensions in the region by launching a long-range rocket in December that it said was aimed at putting a scientific satellite in orbit, drawing international condemnation.

North Korea, which considers North and South as one country, the Democratic People's Republic of Korea, is banned from testing missile or nuclear technology under U.N. sanctions imposed after its 2006 and 2009 nuclear weapons tests.

"An important issue in putting an end to the division of the country and achieving its reunification is to remove confrontation between the north and the south," Kim said in the address that appeared to be pre-recorded and was made at an undisclosed location.

"The past records of inter-Korean relations show that confrontation between fellow countrymen leads to nothing but war."

The New Year address was the first in 19 years by a North Korean leader after the death of Kim Il-sung, Kim Jong-un's grandfather. Kim Jong-il rarely spoke in public and disclosed his national policy agenda in editorials in state newspapers.

"(Kim's statement) apparently contains a message that he has an intention to dispel the current face-off (between the two Koreas), which could eventually be linked with the North's call for aid (from the South)," said Kim Tae-woo, a North Korea expert at the state-funded Korea Institute for National Unification.

"But such a move does not necessarily mean any substantive change in the North Korean regime's policy towards the South."

The two Koreas have seen tensions rise to the highest level in decades after the North bombed a Southern island in 2010 killing two civilians and two soldiers.

The sinking of a South Korean navy ship earlier that year was blamed on the North but Pyongyang has denied it and accused Seoul of waging a smear campaign against its leadership.

Last month, South Korea elected as president Park Geun-hye, a conservative daughter of assassinated military ruler Park Chung-hee whom Kim Il-sung had tried to kill at the height of their Cold War confrontation.

Park has vowed to pursue engagement with the North and called for dialogue to build confidence but has demanded that Pyongyang abandon its nuclear weapons ambitions, something it is unlikely to do.

Conspicuously absent from Kim's speech was any mention of the nuclear arms program.

(Additional reporting by Sung-Won Shim; Editing by Nick Macfie)

Source: http://news.yahoo.com/north-korean-leader-rare-address-seeks-end-confrontation-024100592.html

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Wed, 02 Jan 2013 01:28:40 -0800 Dividend Taxes - Business Insider http://dlutrues.posterous.com/dividend-taxes-business-insider http://dlutrues.posterous.com/dividend-taxes-business-insider Most of the attention around the Fiscal Cliff has been focused on income taxes.

The way the deal went down, a tiny portion of American taxpayers ? households that earn more than $450,000 per year ? will see their income taxes rise modestly, from 35% to 39.6%.

Everyone else's income taxes will stay the same.

But that's not the whole story.

By not addressing the payroll tax, the Fiscal Cliff deal will also result in a tax hike for all working Americans, including those in the middle and poor classes. All income up to $110,000 will now be socked with a 2 point increase in the payroll tax, from 4.2% to 6.2%, which will pluck $2,000 out of the pockets of families making $100,000 a year.

Meanwhile, thanks to a deal on dividend taxes, the highest earning Americans have gotten a massive tax cut over the taxes that would have taken effect had a Fiscal Cliff deal not been agreed to.

Dividend taxes for households making more than $450,000 per year will rise from 15% to 20% (plus an additional 3.8% surcharge for Obamacare, to a total of 23.8%). But they won't rise all the way to 39.6%, which they were scheduled to rise to without a Fiscal Cliff deal. Meanwhile, dividend taxes for those earning less than $450,000 a year will remain at 15% (18.8% with the surcharge, for those with income between $250,000 and $450,000). So the richest Americans have dodged a big tax bullet.

Importantly, the dividend tax deal will disproportionately help the richest Americans:

  • 47% of all dividend income is earned by the 3.8% of American households that make more than $200,000 per year (2009 tax data).
  • Households that make more than $200,000 collect a total of $70 billion of qualified dividends per year (2009). This tax change will save these households about $14 billion a year vs. the pre-deal tax rates.
  • The top 400 highest earning taxpayers collect about $10 billion a year in dividends, or $25 million apiece. This tax change will save these folks a BOAT LOAD of money: About $2 billion in total, or an average of about $5 million apiece (2009 data).

In other words, the tax deal that Congress just agreed to will raise $125 billion from increased payroll taxes from all working Americans (poor and middle class alike), while saving the richest Americans at least $20 billion in dividend taxes.

Some of the folks who will save money on dividend taxes will obviously pay more on wage income, so there will be some balancing. But some won't.

So, be happy this morning, rich Americans!

This is a great deal for you!

SEE ALSO: DEAR AMERICA: Here Are Your New Tax Rates

Source: http://www.businessinsider.com/dividend-taxes-2013-1

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Tue, 01 Jan 2013 19:57:38 -0800 Samsung Galaxy Note II purportedly reaching South Korea in brown and red http://dlutrues.posterous.com/samsung-galaxy-note-ii-purportedly-reaching-s http://dlutrues.posterous.com/samsung-galaxy-note-ii-purportedly-reaching-s

Samsung Galaxy Note II purportedly reaching South Korea in brown and red

Yes, the black Galaxy Note II may have been more wishful thinking than reality, but that doesn't mean Samsung is sticking to a narrow palette for its extra-large flagship. A supposed magazine page in South Korea shows both a brown Note II (already available in Japan) and a previously unseen red model headed to the country at an unspecified point in the future. The claim sounds promising for those who've wanted more options than gray and white. All the same, we'll remain skeptical unless the new colors are made official -- Samsung hasn't commented on the authenticity of the page, and the original Korean forum post has disappeared without a trace. We can't help but hope it's real, though, if just for the chance of another smartphone designed for vampires.

Filed under: , ,

Comments

Via: Unwired View

Source: Blog of Mobile (translated)

Source: http://www.engadget.com/2013/01/01/samsung-galaxy-note-ii-purportedly-reaching-south-korea-in-brown-and-red/

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Tue, 01 Jan 2013 01:28:32 -0800 My personal finance goals for 2013 | MNN - Mother Nature Network http://dlutrues.posterous.com/my-personal-finance-goals-for-2013-mnn-mother http://dlutrues.posterous.com/my-personal-finance-goals-for-2013-mnn-mother

Happy New Year! ?Tonight we say goodbye to 2012 and tomorrow we welcome the year 2013. ?New Year?s Resolutions will be made by the millions but I?m more of a goals gal; I prefer to set goals rather than make resolutions and every year I sit down and make a list of personal finance goals for the New Year.

?

The first step in this process is to look back at my personal finance goals for 2012. ?I had three main goals: ?increase retirement savings to 15 percent of our gross household income, create a nine-month emergency savings account and pay off my student loans. ?

?

Unfortunately, I didn?t complete all of these goals. I?m only human and I?m not afraid to share my failure because I did make progress and in hindsight, I?ve realized that perhaps I was a bit aggressive with my goal setting. ?Paying off my student loans didn?t happen ? that was a very aggressive goal and while it would have been nice, it just wasn?t very realistic.

?

Nine months of savings also proved to be just beyond our reach. ?Our savings did grow throughout the year, though, and so this is still a work-in-progress. ?We did boost our retirement savings, not quite to the 15 percent level but pretty close. ?Last year we managed to save about 12 percent of our household income for retirement. ?

?

Now that I?ve reflected, its time to look to the future and share a few of my personal finance goals for 2013

?

  • Continue increasing retirement savings until we reach the 15 percent mark
  • Have a will drawn up
  • Reduce my energy costs by 10 percent
  • Reduce my food and grocery budget by 10 percent

?

These goals certainly look achievable; notice I didn?t set a goal of paying off my student loans this year? ?That?s not going to happen for a few more years. ?See, I learned from last year?s financial goal faux pas.

?

What are your personal finance goals for 2013?

Source: http://www.mnn.com/money/personal-finance/blogs/my-personal-finance-goals-for-2013

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Mon, 31 Dec 2012 23:38:26 -0800 Gospel, long standing American tradition, takes new life in Rome http://dlutrues.posterous.com/gospel-long-standing-american-tradition-takes http://dlutrues.posterous.com/gospel-long-standing-american-tradition-takes YoutubeDecember 30, 2012. (Romereports.com) ? Their velvety voices harmoniously synchronized... never hiding their emotion... Above all, praising God and preaching his love... that's Gospel music...
And while it may be an everlasting American tradition with deep ties to Baptist Christians, it's making inroads at the heart of Catholicism. ??

MARIO CIAMPA
Art Director, IMF Foundation

?When we started, 17 years ago, we were in this small place, it was very cold. We started off with just four singers with a piano, and there was just 50 people, but we insisted.?

Mario Ciampa organizes the annual Rome Gospel Festival, bringing together numerous Gospel groups and thousands of attendees.

Gospel has slowly made a name for itself in the eternal city. But it has not been easy. No less in part, because of the more moderate nature of worship within the dominant Catholic religion. A process much different from the hands-on tradition of Gospel.

MARIO CIAMPA
Art Director, IMF Foundation

"People walk with some hesitation, very rigid, because they're not used to participating actively in a concert.?

But once they embrace it, Ciampa describes it as musical therapy for the mind and soul.

Over the years, acceptance of this vastly different musical style has grown, propelling the festival to bigger performances and bigger attendance each year.

MARIO CIAMPA
Art Director, IMF Foundation

?People participate not in a religious manner for this event. They associate it a Christmas musical show, filled with lots of joy.?

In 2012, a whopping 11,000 attendees are expected to attend the 11 day event featuring some of the biggest names in Gospel from the United States.

RCA
MG

Source: http://www.romereports.com/palio/gospel-long-standing-american-tradition-takes-new-life-in-rome-english-8635.html

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Mon, 31 Dec 2012 19:53:24 -0800 Waccamaw Community Hospital blood drive Jan. 4 http://dlutrues.posterous.com/waccamaw-community-hospital-blood-drive-jan-4 http://dlutrues.posterous.com/waccamaw-community-hospital-blood-drive-jan-4

?

GEORGETOWN, SC?- January is National Blood Donor Month, so why not start the year off with a pint? Of blood, that is.

Waccamaw Community Hospital is holding a blood drive Friday, Jan. 4, at ?Wachesaw Conference Center.

Members of the public can donate blood from 10:30 a.m. ? 4 p.m. in Conference Room 1A and 1B. Walk-ins are welcome, but appointments take priority. To schedule your appointment you can call 843-652-1135 or register online at www.redcrossblood.org, and enter sponsor code WaccamawHosp.

In addition to having a valid ID, blood donors must be healthy, be at least 17 years old and weigh a minimum of 110 pounds.

Wachesaw Conference Center is located at 4367 Riverwood Drive, 29576, across the street from Waccamaw Community Hospital.

Copyright 2012 WMBF News. All rights reserved.

Source: http://longslittleriverloris.wmbfnews.com/news/news/50345-waccamaw-community-hospital-blood-drive-jan-4

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Sun, 30 Dec 2012 21:47:36 -0800 Israel court overturns ban on Arab politician http://dlutrues.posterous.com/israel-court-overturns-ban-on-arab-politician http://dlutrues.posterous.com/israel-court-overturns-ban-on-arab-politician

JERUSALEM: Israel's Supreme Court ruled on Sunday an Arab lawmaker could stand in elections, overturning her disqualification by electoral officials over her participation in a Gaza-bound aid flotilla in 2010.

The nine-justice court ruled unanimously Haneen Zoabi "shall be a candidate for the Knesset" in a Jan. 22 poll without giving details of its reasons.

Zoabi drew widespread criticism in Israel for taking part in an international aid flotilla that challenged the Israeli blockade of the Gaza Strip, territory ruled by Hamas Islamists opposed to the existence of the Jewish state.

She was on the Mavi Marmara when Israeli naval commandos raided the Turkish vessel in May 2010, killing nine Turks in clashes with activists on board.

The Central Elections Committee voted on Dec. 19 to disqualify Zoabi, saying she had shown "support for an enemy state or terrorist organisation engaged in armed conflict against Israel".

Zoabi has said she had no role in any of the violence on board the Mavi Marmara and had tried to mediate between the sides during the raid.

Environment Minister Gilad Erdan criticised the ruling saying Zoabi had been involved in "expressing solidarity with our enemies".

Zoabi told Israeli Army Radio the judges had "avoided giving in to the racist right".

The Central Elections committee, which authorises parties' candidates ahead of votes, is chaired by a Supreme Court justice and made up of legislators from a number of political factions.

It has tried several times in the past to disqualify Arab political parties for alleged disloyalty to Israel, only to be overruled by the Supreme Court on appeal.

Zoabi belongs to the tiny Balad party that believes Israel should not be defined as a Jewish state.

Most of the Arabs who make up about 20 percent of the Israeli population are related to or descended from Palestinians who fled or were driven away in a 1948 war over Israel's establishment.

They are full-fledged citizens, though many complain of discrimination.

Source: http://www.dailystar.com.lb/News/Middle-East/2012/Dec-30/200362-israel-court-overturns-ban-on-arab-politician.ashx

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Sun, 30 Dec 2012 18:01:04 -0800 Corporation or LLC, which is right http://dlutrues.posterous.com/corporation-or-llc-which-is-right http://dlutrues.posterous.com/corporation-or-llc-which-is-right

?

Many people wonder whether they should have a limited liability company or a corporation for their business. In order to find out which one is right for your 499032_f260business you will need to take a look at the various advantages and disadvantages of each type of business structure and then make your choice.

Here are the main advantages you will get if you decide to incorporate your business:

  1. Limited Liability ? this is a probably the best advantage that you will get if you incorporate your business. In most business structures the owner assumes all of the liability of the company, but when a business becomes incorporated the amount of your liability is limited to the amount of money that you have actually invested in the company. For example if you are a sole business owner then your car or house can actually be seized to pay any debts that your business might owe. But in a corporation the only way that you can be held responsible is if you have given a personal guarantee.
  2. Corporations Carry On - basically a corporation has an unlimited life span where as other business structures will cease to exist in certain scenarios. What this boils down to is that a corporation will continue to exist if the ownership of the business changes, if the shareholders die or leave the business, it doesn?t ever go away.
  3. Raising Money Is Easier - it is a known fact that corporations actually have an easier time raising money and because of this you will have an easier time growing and developing your business. The reason that they have an easier time is that corporations can actually not only borrow and incur debt but they can also sell shares and raise equity capital. This is a huge advantage because equity capital for the most part does not have to be repaid and it incurs no interest. But when you are issuing shares you are also reducing your percentage of ownership in the business.
  4. Income Control ? if you are a corporation you can be the one to determine when you personally receive income, which is a huge tax advantage. Basically what this does is that instead of getting your income when it is received it allows you to take your income at a time when you?ll pay less tax.
  5. Potential Tax Deferral ? this is not a guaranteed thing, but more like an opportunity when it arises. But this works because you can defer paying some tax until a later time so this may make you be able to realize a tax savings because it might put you into a lower tax bracket or you might be able to put it off until tax rates have fallen. This depends on what happens when taxes actually come due.
  6. Income Splitting ? this works because corporations pay dividends to their shareholders from the company?s earnings. So this allows you to split the income how you see fit. This can work because a shareholder does not have to be actively involved in the business to receive dividends. So you can spilt the income with people in your family so that not all of it is getting taxed at the higher tax rate, basically you will be redistributing income from a higher tax bracket to a lower tax bracket
  7. The Small Business Tax Deduction ? if you have a small business and you decide to make it a corporation you might qualify for the small business deduction. This is an annual tax credit that is calculated at the rate of 16% on the first $200,000 of taxable income. This can actually be a much lower tax bracket than that applied to your personal income.
  8. Increased Business ? this isn?t always a guarantee but for the most part people tend to perceive corporations as being more stable than other business, it just has something to do with the name. Not to mention that in some cases, such as contractors, some companies will only do business with you if you are a corporation because of liability issues.

Here are the disadvantages of having your business as a corporation:

  1. Registering a corporation is expensive ? they are very costly to set up. The reason for that is because they are a more complex legal structure than 499030_f260other business structures so creating one is going to be more complicated which requires more costs. These fees can range in the hundreds for small businesses, for the set up alone. And these set up fees can be higher for large businesses.
  2. Liability May Not Be As Limited As You Think ? most people think that they are protected from everything if they have a corporation, but this can be undercut by personal guarantees or even credit agreements. This becomes an issue if others won?t give the corporation credit. This usually happens because the corporation is new so they have limited assets which mean they don?t have enough to secure a loan so the banks and other lenders require guarantees from the owners. What this means is that if you default in repayment obligation on those you can be held liable, meaning lose your car or house.
  3. Less Tax Flexibility ? this area affects business losses. If you own the business on yoru own or with somebody else and your business suffers a loss you can use those losses to actually lower other types of personal income in the year that the losses occurred. But in a corporation if you have a loss they can only be carried forward or back to reduce the corporation?s income from other years.
  4. No Personal Tax Credits ? this can actually be a tax disadvantage for your business because the corporation isn?t eligible for personal tax credits. So in other words every dollar that the corporation earns is taxed. Sole owners and partnerships can claim tax credits that corporations cannot.
  5. Increased paperwork ? with a corporation there is a lot more paperwork involved just to maintain the corporation. An example of this is that corporations are required to maintain a minute book, and in this book you have to have the corporate bylaws and minutes from all corporate meetings. But you also have to keep all of the corporate documents up to date at all times, which means you are going to be facing a ton of paperwork.499035_f260
  6. Another Tax Return - if you decide to have a corporation you are going to have to file two tax retruns each year, one for your individual income and one for the corporation. This means that you are going to end up paying more for your accounting fees. But you are also going to be paying double taxes, because you have to pay personal income tax on the profits that you received plus all of the money made by the corporation is taxed before you receive your share.

Here are the main advantages of having a limited liability company:

  1. Limited Liability ? this is similar to a corporation because you have the same protections as the corporation when it comes to being responsible for the business debts. Basically a LLC exists as a separate entity so the members can?t be held responsible unless they have signed a personal guarantee.
  2. Flexible Profit Distribution ? this allows you to select varying forms of distribution of profits. A partnership requires you to split the profits fifty-fifty, but with the LLC you can do that or choose from another method, however you see fit.
  3. No Minutes ? corporations are required to keep formal minutes, have meetings, and record resolutions. But the LLC business structure does not require you to do any of these things, which in the long run actually makes it easier to operate.
  4. Flow Through Taxation ? all of your business losses, profits, and expenses are going to flow through the company to the individual members. So in this type of business you are going to avoid the double taxation of paying corporate tax and individual tax. In most cases this is considered to be a tax advantage but in some cases a business can benefit from having a corporate tax structure.

Here are the disadvantages to having a limited liability company:

  1. Limited Life ? unlike a corporation a limited liability company will not last forever. In fact these will be dissolved when one member, just one, dies or 499033_f260declares bankruptcy, regardless of how the other members are doing financially or if they want to stay in business. If they want to continue they must redefine their business as a limited liability.
  2. Going Public ? if you have any thoughts about taking yoru business public or issuing shares to your employees in the future you are better off going corporate from the beginning because of the complications of switching later on in the business? life.
  3. Added Complexity ? if you are running a sole proprietorship or even a partnership you are going to have an easier time because they are easy to run and do not require much paperwork. But when it comes to a LLC things get quite a bit more complicated. The reason for this is that a LLC can be federally classified as sole proprietorship, partnership or a corporation for tax purposes, which makes things all that more complicated because you have to learn the appropriate tax rules that apply.

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Source: http://themodernaccountant.com/2012/12/29/corporation-or-llc-which-is-right/

xavier joan crawford joan crawford john goodman kendall marshall whitney houston news sylvia plath

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