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Friday, August 31, 2012
Job - Minnesota Opera - Multimedia Communications Intern
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Samsung?s plan for revenge: Sue Apple if it dares release an LTE iPhone
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CONVENTION WATCH: For the Gipper, rock star Ryan
Wisconsin delegates hold masks of Republican vice presidential candidate, Rep. Paul Ryan, R-Wis., at the Republican National Convention in Tampa, Fla., on Wednesday, Aug. 29, 2012. (AP Photo/Charles Dharapak)
Wisconsin delegates hold masks of Republican vice presidential candidate, Rep. Paul Ryan, R-Wis., at the Republican National Convention in Tampa, Fla., on Wednesday, Aug. 29, 2012. (AP Photo/Charles Dharapak)
A video tribute to President George H. W. Bush and President George W. Bush is shown during the Republican National Convention in Tampa, Fla., on Wednesday, Aug. 29, 2012. (AP Photo/J. Scott Applewhite)
Sen. Rand Paul, R-Ky., addresses the Republican National Convention in Tampa, Fla., on Wednesday, Aug. 29, 2012. (AP Photo/J. Scott Applewhite)
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at the American Legion National Convention, Wednesday, Aug. 29, 2012, in Indianapolis. (AP Photo/Evan Vucci)
South Dakota Senator John Thune gestures to the delegates during the Republican National Convention in Tampa, Fla., on Wednesday, Aug. 29, 2012. (AP Photo/Charles Dharapak)
TAMPA, Fla. (AP) ? Around the 2012 Republican National Convention and its host city with journalists from The Associated Press bringing the flavor and details to you:
___
ONE FOR THE GIPPER
Nothing tugs at the hearts of the GOP faithful like invoking the name of the late Ronald Reagan. And Sen. Rand Paul didn't disappoint.
Paul recounted author Paul Kengor's story of an 11-year-old boy in a small Illinois town coming home from a basketball game at the local YMCA one night to find his father sprawled out in the snow, drunk, dead to the world.
"The boy stood over his father for a minute or two," said Paul. "He simply wanted to let himself in the door and pretend his dad wasn't there. Instead, he grabbed a fistful of overcoat and heaved his dad to the bedroom, away from the weather's harm and neighbors' attention."
And then the kicker:
"This young boy became the man ? Ronald Reagan ? whose sunny optimism and charisma shined so brightly that it cured the malaise of the late '70s, a confidence that beamed so broadly that it pulled us through a serious recession, and a faith that tugged so happily at all hearts that a generation of Democrats became Republicans."
? Andrew Miga ? Twitter http://twitter.com/AP_Andrew_Miga
___
A NATION OF IMMIGRANTS
America is a land of immigrants. And pride in that heritage has been all over the place during the last two nights of the GOP convention. Speaker after speaker told stories of family roots beyond America ? and of how the struggles faced by those immigrants helped forge their own values.
For New Jersey Gov. Chris Christie, it was reminiscing about his Irish father and his Sicilian mother (she was the family's real force, he noted).
For South Carolina Gov. Nikki Haley, it was recounting how her Indian immigrant parents instilled in their children a deep gratitude that they were growing up in America.
And for South Dakota Sen. John Thune, it was the memory of how his grandfather ? one of two Norwegian brothers ? came to America in 1906 knowing how to say only two things in English, "apple pie and coffee."
At Ellis Island, immigration officials decided their last name ? Gjelsvik ? was too difficult and asked them to change it. They picked "Thune," the name of the farm where they worked in Norway.
"Like many Americans," Thune said, "I've been blessed by the hard work and sacrifice of those who've come before."
It was a refrain that filled the hall again and again.
? Sally Buzbee
___
ROCK STAR RYAN
What Republican delegates are saying about veep nominee Paul Ryan:
"I think he's a rock star for the Republicans." ? Allie Burgin of Wynnewood, Okla.
"He'll definitely shake things up." ? Gary Inmon of San Antonia, Texas.
"We shouldn't be afraid of big ideas." ? Scott Baker of Willis, Texas, an alternate delegate who says Ryan bring big ideas on Medicare and Social Security.
"It's nice to have someone from my generation, and someone who's a Catholic, and a conservative. I can very much identify with him." ? Patrick Burns of Marietta, Ga.
? Gerrad Carson
___
LIKE FATHER, LIKE SON
Oops.
A copy of Kentucky Sen. Rand Paul's convention speech, emailed to reporters by organizers, incorrectly identified the speaker as Ron Paul, the Texas congressman who challenged Mitt Romney for the GOP presidential nomination.
Ron Paul, who is Rand' father, isn't speaking at the convention, though a video tribute to him was played for delegates Wednesday evening. Ron Paul said he has no plans to endorse Romney, and some of his supporters caused a stir on the convention floor Tuesday over new rules that could impede future insurgent candidates like Paul.
Convention organizers later sent out a corrected copy of the speech, just minutes after delegates watched a video featuring another Republican father-son duo: Presidents George H.W. Bush and George W. Bush.
? Josh Lederman ? Twitter http://twitter.com/joshledermanAP
___
BUSH MEMORIES
The two Bush presidents ? George H.W. and son George W. ? offered their personal recollections about their days in the White House in a video appearance at the Republican convention Wednesday night.
Neither man attended in person.
In the video, the son remembered a visit to the Oval Office by Russian President Vladimir Putin and how impressed he was. The father remembered former "Saturday Night Live" cast member Dana Carvey's imitations of him ? and a funny performance in the White House.
Also remembering their White House days and past conventions were first ladies Barbara Bush and Laura Bush.
? Donna Cassata ? Twitter http://twitter.com/donnacassata
___
RYAN A GOP DARLING
Paul Ryan takes the stage tonight as the Republican Party's vice presidential candidate and its darling. About a week after Mitt Romney named Ryan his running mate, an AP-GfK poll found that 63 percent of Republicans held a favorable impression of the congressman. Just 15 percent held an unfavorable one. Here's a look at which groups of Republicans hold him in particularly high esteem:
Conservative Republicans (70 percent favorable) give him rave reviews, including 47 percent who hold a "very favorable" opinion. That figure outpaces Romney's "very favorable" ratings among the group (37 percent).
Among moderate and liberal Republicans, 50 percent have a positive take on Ryan.
Tea party backers are particularly fond of Ryan. His favorability among supporters of that political movement stands at 79 percent.
Older Republicans (72 percent favorable among those age 45 and up) are more positive than Republicans of Ryan's own generation (53 percent among those under age 45).
? Jennifer Agiesta ? Twitter http://twitter.com/jennagiesta
___
RAND PAUL: NO FEAR
Sen. Rand Paul brought many delegates to their feet with a rousing call for both political parties to put aside fear and stand up for Americans' rights.
"Republicans and Democrats must replace fear with confidence ? confidence that no terrorist, and no country, will ever conquer us if we remain steadfast to the principles of our founding documents," said Paul, whose father is Rep. Ron Paul, the former presidential candidate with a pool of fervent followers.
"We have nothing to fear except our own unwillingness to defend what is naturally ours, our God-given rights," Rand Paul declared. "We have nothing to fear that should cause us to forget or relinquish our rights as free men and women."
His father, who carried 190 delegates at the GOP convention, didn't speak but was the subject of a tribute video.
? Connie Cass ?Twitter http://twitter.com/ConnieCass
___
MCCAIN STILL IN THE FIGHT
The GOP's 2008 presidential candidate, Sen. John McCain, returned to the convention stage to excoriate Barack Obama for failing to back Iranians and Syrians who've given their lives in the fight against oppression.
McCain says the president missed a historic opportunity by failing to throw America's "full moral support" behind Iranian revolutionaries trying to oust "a brutal dictatorship that terrorizes the Middle East and threatens the world."
And he says Obama "is not being true to our values" when he abandons Syrians to "a savage and unfair fight."
"The demand for our leadership in the world has never been greater," McCain said. "People don't want less of America. They want more."
? Connie Cass ?Twitter http://twitter.com/ConnieCass
___
PUNISH RICH, HURT POOR
Sen. Rand Paul is criticizing President Barack Obama for proposing higher taxes on the wealthy, saying that punishing the rich hurts the middle class and the poor.
"Mr. President, you say the rich must pay their fair share. When you seek to punish the rich, the jobs that are lost are those of the poor and middle class," Paul said in his speech to the Republican national convention Wednesday. "When you seek to punish Mr. Exxon Mobil, you punish the secretary who owns Exxon Mobil stock. When you block the Keystone Pipeline, you punish the welder who works on the pipeline."
? Stephen Ohlemacher ? Twitter http://twitter.com/stephenatap
___
STAY AWAY, BROTHER
Former Florida Gov. Jeb Bush says his brother, the former president, is smart to stay away from the Republican convention because he will just become more of a target for President Barack Obama.
"The president has spent a lot of time and energy around this notion that 'I can't do anything about it. It's all Bush's fault. You know I'm trying, but it's not working because it's Bush's fault,'" Bush told ABC News. "Now we're in year four of a presidency, think back into American history, think of a president that is blaming his predecessor in the fourth year. So why encourage the bad behavior and I think my brother is smart to stay away."
? Stephen Ohlemacher ? Twitter http://twitter.com/stephenatap
___
RUBIO TO GOP: FIX IMMIGRATION
The GOP can't be "simply the anti-illegal immigration party," says Marco Rubio, a Latino Republican with a prominent role at the national convention.
The Florida senator says Republicans should embrace and improve the legal immigration system and also come up with a balanced approach to the problem of illegal immigrants living in the U.S.
"We're not going to give amnesty to 12 million people. We are not going to round up and deport 12 million people. Somewhere between those two ideas is a solution," Rubio told reporters Wednesday. "But we're never going to get there as long as this is a heavy politicized issue that both parties use to attack each other on to raise money and win elections."
Rubio, considered an up-and-comer in the party, was chosen to formally introduce Mitt Romney before he accepts the presidential nomination Thursday night.
? Gary Fineout
___
HOW DO YOU TURN THOSE THINGS ON?
Amid the laptops, iPads and computer screens in the Google space at the Tampa Convention Center lies a small newspaper rack, broken and forgotten.
While journalists mingle and drink coffee, the newspapers sit untouched in favor of the Google+ hangouts, cellphone charging stations and wireless Internet available.
Google and YouTube are partnering with many media outlets working from the convention center this week in their video studio, including PBS and The Washington Post. But the print versions of newspapers are largely ignored, at least by those spending time in the room.
? Julie Mazziotta ? Twitter http://twitter.com/julietmazz
___
RYAN'S CALLING
GOP vice presidential candidate Paul Ryan plans to tell the Republican convention he accepts "the calling of my generation to give our children the America that was given to us, with opportunity for the young and security for the old."
Ryan gives his big convention speech Wednesday night. In excerpts released by the campaign, Ryan says he and Mitt Romney have a goal of generating 12 million new jobs over the next four years.
"We will not duck the tough issues ? we will lead. We will not spend four years blaming others ? we will take responsibility. We will not try to replace our founding principles, we will reapply our founding principles," Ryan says.
? Stephen Ohlemacher ? Twitter http://twitter.com/stephenatap
___
KASICH'S FEELING NOT MUTUAL
Black Eyed Peas frontman will.i.am called it dope on Twitter when the rover Curiosity beamed his new song "Reach for the Stars" from Mars to Earth. Not so much when Ohio Gov. John Kasich walked on stage at the Republican National Convention hours later Tuesday night to a snippet of the musician's song, "I Gotta Feeling."
Add to that Kasich's opening remarks: "You know, you know, I don't know about you, I don't about you but I've got a feeling, you know I gotta feeling ... that we're about to elect a new president of the United States of America."
To which will.i.am tweeted: "Hey Gov Kasich (hash)Igottafeeling that Ohio needed the auto bail out...(hash)unitedamericanotdivided let's educate our youth (hash)reachforthestars."
? Leanne Italie ? Twitter http://twitter.com/litalie
___
POLICE NOT SO BUSY
Many workers and residents seem comforted by the platoons of police roaming downtown during the convention, but at least one man isn't.
Donny Rhode stood on the edge of a park Wednesday in the spitting rain, holding a cardboard sign criticizing Tampa Mayor Bob Buckhorn. It said, "Generalissimo Buckhorn Declares Victory" and "Free Speech Dead."
Rhode was angry about the thousands of police deployed to Tampa for the convention. He wondered how much that cost taxpayers. And he said it resulted in fewer protests.
Clearly, the number of demonstrators in the city is far less than police anticipated, and they have been more peaceful than expected. As of 5 p.m. Wednesday, only two protesters had been arrested.
Some anti-GOP protesters praised police officers, though they said their presence was perhaps more than needed.
"I haven't experienced one rude cop. They have been great," said Nick Sabatella, who came to Tampa from New York with Occupy Wall Street. "I walk by the cops and I say 'hi' and they say 'hi' back."
? Tamara Lush ? Twitter http://twitter.com/TamaraLush
___
BEER AND BRATS
If it's beer and brats, it must be the Wisconsin party.
Paul Ryan and his wife, Janna, dropped in on his home state delegation's brewski and bratwurst feast Wednesday, but Ryan didn't have much to say.
"I've got to give this speech later on today so I'm going to keep it brief and save my voice," he joked.
Ryan's big moment ? a speech that will introduce him to millions of Americans as the party's vice presidential nominee ? comes Wednesday night.
? Philip Elliott ? Twitter http://twitter.com/philip_elliott
___
ROMNEY PREVIEW
Around the 2012 Republican National Convention and its host city with journalists from The Associated Press bringing the flavor and details to you:
Mitt Romney is previewing the sorts of choice words for President Barack Obama that are likely to show up in his acceptance speech Thursday night.
Speaking to the American Legion in Indianapolis on Wednesday, Romney said leadership to protect the world's peace and freedom must come from the U.S.
"For the past four years, President Obama has allowed our leadership to diminish," he said. "In dealings with other nations, he has given trust where it's not earned, insult where it's not deserved and apology where it's not due."
? Sam Hananel ? Twitter: http://twitter.com/SamHananelAP
___
OBAMA NOT WATCHING
White House press secretary Jay Carney says President Barack Obama hasn't watched any Republican convention speeches because "he has other things to do." Obama's campaign staff, however, has apparently been watching closely.
Obama campaign spokeswoman Jen Psaki told reporters on Air Force One Wednesday that a theme invoked by many convention speakers was "built on a house of lies." She specifically cited what she said were distortions of Obama's "you didn't build that" comment and his positions on Medicare and welfare.
Psaki praised Ann Romney's speech, saying she did "a great job" in telling the public about her relationship with her husband.
"She gave a very powerful speech about her husband and their family and the strength of their bond," Psaki said.
? Julie Pace ? Twitter http://twitter.com/jpaceDC
___
WHY SPOIL IT?
Vice presidential nominee Paul Ryan visited the convention stage to get used to the teleprompters, the lights and the sound while his three children played around at the podium.
The 42-year-old congressman from Wisconsin gives the biggest speech of his career so far on Wednesday night.
He asked aides where delegates from Wisconsin and Michigan would be sitting, as well as the location of running mate Mitt Romney's box.
"I'm going to point to them in my speech," Ryan said.
That's about all he gave away, even when reporters pestered him for a preview of his remarks.
"You'll find out tonight," he said. "Why would I spoil it now?"
? Julie Mazziotta
___
ISAAC LOOMS
Even though Isaac has moved beyond Florida, the hurricane's still having an impact on the Republicans meeting in Tampa.
Presidential nominee Mitt Romney is considering a visit to hard-hit Gulf Coast areas after the storm passes.
Convention activities on Monday were canceled because of the approaching storm, but GOP officials say they have no plans to make further changes to the schedule.
Still, as rain and flooding in New Orleans and surrounding areas intensifies, there is increasing media coverage of the storm, threatening to overshadow the convention events surrounding Romney's nomination. His acceptance speech is set for Thursday night.
Many speakers Tuesday night mentioned the hurricane at the beginning of their remarks, and the top of the official convention page features a promotion for Red Cross relief efforts.
? Kasie Hunt ? Twitter https://twitter.com/kasie
___
ROMNEY'S EVENING
After returning from Indiana on Wednesday evening, the newly nominated Mitt Romney is expected to be "down" at his hotel watching the convention proceedings on TV with his wife, Ann. That's according to spokesman Rick Gorka, who says he doesn't know whether Romney might visit the convention floor later in the evening.
Will Romney make another surprise appearance at the convention on Wednesday night next to his running mate, Paul Ryan?
? Steve Peoples ? Twitter http://twitter.com/sppeoples
___
EDITOR'S NOTE ? Follow AP journalists on Twitter where available with the handles listed after each item.
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Thursday, August 30, 2012
Video: Convention showcases minority speakers
>>> a little girl grows up in birmingham, the segregated city of the south where her parents can't take her to a movie theater or to a restaurant. but they have her absolutely convinced that even if she can'tburger a t the woolworth's counter, they are convinced she can be president or the secretary of state.
>> condoleeza rice 's speech at the convention, they made an effort to show case african-american voices. but african-american support for the gop continues to be low. joining me now, it is good to see you. it is good to look at the optics of this convention. it certainly is a show case for diverse cases, women, minorities, but many african-american women consider themselves to be conservative, when we look at social issues. however, it doesn't necessarily transfer to gop support.
>> yeah, thomas, good to see you, too. and that is absolutely right. there are polls that show a significant percentage of african-american women show themselves to be conservative on a lot of issues. there was a gallop poll in 2009 that showed a third of african-american women showed themselves to be conservative. when you look at gop party support, there is a little bit of disconnect, because only about 3% of african-american women are republican. a little more progressive on issues like jobs, education and health care . so it seems to be not so much the issue of the message, as the messenger, and what a lot of people in the community will tell you is that there is a perception problem, the perception that there is racially coded language and tactics often used. you can go back to recent things like the birther controversy, where a lot of african-american women feel there is hostility to the community. a lot of issues, they feel are they courted by the party, or do they feel like the party has ceded that vote to the democrats.
>> as we look at the candidates, how have they performed with the african-american candidates?
>> you know, we heard with the poll that mitt romney had zero percent support among the black voters, in 2008 , john mccain got support, but was up against the first viable african- american candidate for president, who did in fact become the first african- american president . so prior to that, what we've seen going back to 1984 , is about 10% of the vote going to the republican candidate. george w bush got about 11% in 2004 , and so we've seen about 10% going pretty far back. something i have seen in the numbers, bill clinton got 83% of the black vote, pretty much each time he ran, which was the lowest of a democratic candidate since 1984 , and he is often talked of as the most famous presidents in the african community. but some of his peers didn't do as well as they thought, so that is just a side note.
>> after the convention wraps up, it will be interesting to see the diverse faces that come out and support him. thank you.
Source: http://video.msnbc.msn.com/newsnation/48847050/
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Stray dogs kill 4 kangaroos in Bosnia zoo
SARAJEVO, Bosnia-Herzegovina (AP) ? Officials say stray dogs entered the Sarajevo zoo, killed four kangaroos and injured another before guards could chase them away.
Zoo veterinarian Vedad Skapulj told The Associated Press that the dogs entered the kangaroo habitat in early Wednesday morning.
The canines apparently came from the forest searching for water, which is in short supply because a months-long drought has dried up local creeks.
The guards were able to save the life of the fifth kangaroo, which is now recovering. It is the last kangaroo at the zoo, which is located on Sarajevo's outskirts.
Skapulj called the incident a "tragedy." He says the zoo's management has wanted to get rid of some fences and modernize the facility but that stray dogs in the area have complicated those plans.
Source: http://news.yahoo.com/stray-dogs-kill-4-kangaroos-bosnia-zoo-141127122.html
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Romney Tax Returns Show Strategy for Moving Money
Republican presidential candidate Mitt Romney and his wife, Ann, have used sophisticated estate- planning techniques for more than a decade to minimize taxes and amass at least $100 million for their family outside of their estate.
The couple created trusts as early as 1995, when Romney was building wealth as chief executive officer of Bain Capital LLC. They packed one for their children with investments that stood to appreciate and set up another for charity that provides a tax deduction and income. The candidate?s retirement account, valued at as much as $87.4 million, may benefit his heirs for decades.
?It?s beneficial for your kids and grandkids to push the money downstream,? said David Scott Sloan, chairman of the national private wealth services estate-planning practice at the law firm Holland Knight LLP in Boston. ?The Romneys appear to be doing things that are similar to what other high-net-worth families do.?
Wealthy couples use strategies allowed under the federal tax system such as moving assets to trusts so that the money may be subject to little or no gift and estate taxes, Sloan said. The Romney family trust is worth $100 million, according to the campaign. That money isn?t included in the couple?s personal fortune, which the campaign estimates at as much as $250 million.
Romney?s use of the tax code to minimize levies for his family has drawn scrutiny from Democrats portraying him as an elite person of wealth who is out of touch with many Americans.
Estate Tax
The Romneys would pay higher taxes under the estate-tax proposals of President Barack Obama and would pay less under Romney?s plan. Obama has proposed increasing the estate tax from current levels and curtailing wealth-transfer strategies. The Republican presidential candidate wants to eliminate the estate tax, which currently applies a top rate of 35 percent and a $10.24 million exemption on a married couple?s combined assets.
A repeal of the levy may save the Romneys about $70 million in federal estate taxes after they both die, assuming the couple?s combined taxable estate was $200 million after deductions for items such as administrative expenses and charitable contributions. Compared with today?s rates, Obama?s proposal may cost the Romneys an additional $20 million.
At the core of the Romneys? estate-planning strategy is a family trust. The technique pushes money out of their taxable estate and lets the couple pay the annual taxes on their family?s investment income.
Future Generations
The Romneys frequently spend time with their five adult sons and their families; the candidate and his wife have 18 grandchildren. The couple established the family trust in November 1995 for their children and other heirs, according to the entity?s 2010 tax return, which was made public by the candidate. Romney released an estimated 2011 income-tax return and he has said he will release the final documents when they are completed.
?Their family trusts are set up to provide for future generations,? Andrea Saul, a spokeswoman for the Romney campaign, said in a statement.
Brad Malt, a partner at the law firm Ropes Gray LLP in Boston, manages Romney?s investments and is the trustee of the family trust. He declined to comment on the family?s estate planning.
The Romneys have transferred assets into the family trust and invested them, amassing a substantial and diversified portfolio of stocks, bonds and alternative investments such as private-equity and hedge funds that generate income. In 2010 alone, the trust realized more than $7 million in long-term capital gains, about $1.5 million in ordinary dividends and $741,407 in U.S. government interest, according to the trust?s tax return.
Gains or Losses
The family trust realized gains or losses from more than 100 securities including those in JPMorgan Chase Co. (JPM), Bank of America Corp. (BAC), Nike Inc. (NKE) and PepsiCo Inc. (PEP) in 2010. It also reported investments in Goldman Sachs Group Inc. (GS) hedge funds as well as interests in hedge funds and private-equity funds managed by Bain Capital, including Sankaty Advisors LLC and an affiliate based in Munsbach, Luxembourg. Because the candidate doesn?t own the trust, he isn?t required to detail its holdings on federal disclosure forms.
Romney co-founded Bain Capital in 1984. When he retired, he entered into an agreement with the Boston-based private equity firm to retain the right to make passive investments in certain Bain Capital entities until 2009, according to financial disclosures filed by his campaign.
Lifetime Limit
The Romneys could have contributed as much as $1.2 million, or $600,000 each, into the family trust in 1995 and invested it in securities or funds they expected to appreciate. They wouldn?t have paid transfer taxes because that was the lifetime limit on tax-free gifts at the time. Even if they contributed more money over time as Congress lifted the gift-tax exemption to the current $10.24 million for a couple, the amount they invested in securities and other assets would have grown at least 10 times to reach $100 million.
Bain Capital has seen its assets under management rise more than 16 times to $65 billion from $4 billion in 1999 when Romney left to run the Winter Olympics in Salt Lake City.
Private-equity funds pool money from so-called limited partners such as pensions, endowments and wealthy families and use that money, usually paired with debt, to buy companies they later sell. The profits are split between the limited partners, who get 80 percent, and the fund?s managers, who receive the remaining 20 percent. That portion, known as the carried interest, is considered a capital gain under current tax law. The top rate on long-term capital gains is now 15 percent.
Romney?s Wealth
Romney has been confronted by persistent questions about his personal finances. His 2010 return shows that he paid an effective tax rate of 13.9 percent on more than $21 million in income, most of it from capital gains and dividends. The candidate said on Aug. 16 that he had never paid less than 13 percent in the past decade and his campaign said the figure he cited represented his share of federal income tax.
Romney?s estimated $250 million in wealth is less than some of his peers who founded private-equity firms at about the same time. Stephen Schwarzman, who created New York-based Blackstone Group LP (BX) in 1985 with Peter G. Peterson, earned $398.3 million in 2006 ? the year before the firm sold shares to the public ? and held 232 million shares of the firm at the end of 2011 worth an estimated $3.14 billion as of Aug. 23. The three founders of Washington-based Carlyle Group LP (CG) each have stakes of about $1.2 billion. The trio earned $134 million each in distributions last year, according to government filings.
?Freeze the Value?
Wealthy investors typically will put their interests in hedge funds or private equity in a trust, or use that entity to invest in such deals directly, said Bobbi Bierhals, an estate- planning partner at the law firm of McDermott Will Emery LLP in Chicago. They usually do it when the fund has a low value because it hasn?t made investments or they haven?t prospered. That way, any future appreciation they anticipate would belong to the trust and be free of estate taxes or additional gift taxes.
Families of such wealth usually consider whether to invest with their personal money or through entities such as a trust or retirement account depending on how big a ?home run? they think the venture may be and its time frame, Bierhals said.
?You want to freeze the value,? she said. ?Put it into a pot where when you get that pop from a sale or IPO, all that additional value goes to the kids.?
?They Are Private?
In some cases, the Internal Revenue Service has challenged valuations of non-publicly traded property transferred to trusts, which can result in significant penalties and back taxes, Bierhals said. Obama?s most recent budget plan included a proposal to require consistency in valuations and restrict discounts taken when taxpayers make gifts.
It isn?t possible to determine from tax documents released by Romney?s campaign the terms of the family trust, assets gifted to it and their initial value, said Jonathan Mintz, chief operating officer at WealthCounsel LLC, a group supporting estate and business planning attorneys.
?That?s one of the real benefits of certain types of trusts and why families use them,? Mintz said. ?They are private.?
Trusts generally serve people with at least $15 million in assets because of the costs involved in setting them up, Bierhals of McDermott Will Emery said. Other political families have set up trusts to benefit future generations, including the Kennedys, according to financial disclosures.
Grantor Trusts
The Romneys structured their family trust as a so-called grantor trust so they pay the tax bill on income generated inside the entity. That?s a strategy wealthy families often use, said Sloan of Holland Knight. The assets inside the trust aren?t depleted by money paid to the government and have more potential to grow outside of the estate.
The payments aren?t considered an additional wealth transfer for gift-tax purposes, and because the Romneys have paid the levies over the years, current distributions to the children aren?t subject to income tax, he said.
Transactions like the one used by the Romneys have drawn scrutiny in Obama?s proposals to raise revenue. The president?s 2013 budget plan would reduce many of the benefits of such trusts by coordinating income and transfer tax rules including how taxes are paid and when gift-and-estate levies apply. That?s because current law ?can result in the transfer of significant wealth by the deemed owner without transfer-tax consequences,? according to the Treasury Department?s explanation of the proposals.
?So Valuable?
Romney?s individual retirement account, which he said in a financial statement filed in June is worth between $18.1 million and $87.4 million, may be used to benefit his children, said John Olivieri, a partner in the private clients group at the law firm White Case LLP in New York.
?IRAs make great estate planning tools because heirs can stretch out the required distributions over their life expectancies,? Olivieri said. ?This is so valuable, in fact, that there was a proposal to stop it.?
When beneficiaries inherit an IRA, they are required to take distributions based on IRS tables that use life expectancies. The younger the beneficiary, the less they have to withdraw each year from the account. That can benefit children or grandchildren because assets in the IRA can continue to grow tax-deferred, said William Schmidt, a partner at the law firm Schmidt Federico, P.C. in Boston specializing in estate planning.
Younger Beneficiaries
Romney, 65, must take distributions from his IRA after he turns age 70? and pay ordinary income tax rates on that money he withdraws, Schmidt said. The account is subject to estate taxes, which means it?s not as tax-efficient of a wealth-transfer tool unless donated to charity, he said.
Senate Finance Committee Chairman Max Baucus, a Montana Democrat, proposed in February to require younger beneficiaries who inherit IRAs to pay taxes over five years instead of spreading them over their lifetime, which would raise an estimated $4.6 billion for the Treasury over the next decade. The plan didn?t advance.
The Romneys also set up a charitable remainder unitrust in 1996, according to state financial disclosure documents. The trust, also known as a CRUT, moves money out of an estate by donating it to charity and has two additional benefits for the creator, said John O. McManus, principal at the law firm McManus Associates in New Providence, New Jersey, and New York.
Charitable Trusts
The maker of the trust receives some tax deduction for the value that is expected to go to charity and receives payments from the trust for a set period before the assets transfer, McManus said.
?The Romneys have been extraordinarily generous in their charitable giving,? Saul, the spokeswoman, said. ?They set up a charitable trust to make a gift to charity.?
The Romneys made $7 million in charitable contributions in 2010 and 2011 combined. The couple gave $1.5 million cash in 2010 and $2.6 million cash in 2011 to the Church of Jesus Christ of Latter-day Saints, tax documents show.
Families who consistently pass money on through a variety of legal estate-planning vehicles like the Romneys can minimize taxes for their estate and future generations, Bierhals said.
?You want to combine all of those strategies to get the most runs,? Bierhals said. ?A lot of estate planning is small ball. It?s singles and doubles and every once in a while you hit a home run.?
To contact the reporter on this story: Margaret Collins in New York at mcollins45@bloomberg.net Richard Rubin in Washington at Rrubin12@bloomberg.net
To contact the editor responsible for this story: Jodi Schneider at Jschneider50@bloomberg.net
Article source: http://www.businessweek.com/news/2012-08-26/romney-tax-returns-show-strategy-for-moving-money-to-kids
Source: http://www.ameracct.com/?p=1042
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Wednesday, August 29, 2012
Enlisting the AIDS virus to fight cancer
ScienceDaily (Aug. 28, 2012) ? Can HIV be transformed into a biotechnological tool for improving human health? According to a CNRS team at the Architecture et R?activit? de l'ARN (RNA Architecture and Reactivity) laboratory, the answer is yes. Taking advantage of the HIV replication machinery, the researchers have been able to select a specific mutant protein. Added to a culture of tumor cells in combination with an anticancer drug, this protein improves the effectiveness of the treatment at 1/300 the normal dosage levels.
Published in PLoS Genetics on 23 August 2012, these findings could lead to long-term therapeutic applications in the treatment of cancer and other pathologies.
The human immunodeficiency virus (HIV), which causes AIDS, uses human cell material to multiply, primarily by inserting its genetic material into the host cells' genome. The distinctive characteristic of HIV is that it mutates constantly, and consequently generates several mutant proteins (or variants) in the course of its successive multiplications. This phenomenon allows the virus to adapt to repeated environmental changes and resist the antiviral treatments that have been developed so far.
At the IBMC (Institut de Biologie Mol?culaire et Cellulaire) in Strasbourg, the researchers of the CNRS Architecture et R?activit? de l'ARN laboratory had the idea of using this multiplication strategy to rechannel the effects of the virus for therapeutic purposes, in particular the treatment of cancer.
They first altered the HIV genome by introducing a human gene that is found in all cells: the gene for deoxycytidine kinase (dCK), a protein that activates anticancer drugs (2). Researchers have been trying to produce a more effective form of dCK for several years. Through HIV multiplication, the CNRS team has selected a "library" of nearly 80 mutant proteins and tested them on tumor cells in the presence of an anticancer drug. The results have enabled them to identify a dCK variant that is more effective than the wild-type (non-mutated) protein, inducing the death of tumor cells in culture. In combination with this protein, the anticancer drugs showed identical effectiveness at 1/300 the dose. The possibility of reducing the doses of anticancer drugs would palliate the problems posed by their components' toxicity, reduce their side effects and, most importantly, improve their effectiveness.
One advantage of this experimental technique is that the mutant proteins were tested directly on cells in culture. The next step in the years to come will be preclinical (animal) studies on the isolated mutant protein. In addition, this experimental system using a normally life-threatening virus is likely to lead to a great many other therapeutic applications.
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Story Source:
The above story is reprinted from materials provided by Centre national de la recherche scientifique (CNRS).
Note: Materials may be edited for content and length. For further information, please contact the source cited above.
Journal Reference:
- Paola Rossolillo, Flore Winter, Etienne Simon-Loriere, Sarah Gallois-Montbrun, Matteo Negroni. Retrovolution: HIV?Driven Evolution of Cellular Genes and Improvement of Anticancer Drug Activation. PLoS Genetics, 2012; 8 (8): e1002904 DOI: 10.1371/journal.pgen.1002904
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/mV4X5-v8v7o/120828073304.htm
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Growing Your Business on the Internet | The Art of Online Marketing
You have a business but how do you grow it online. Of course the first step is to take your ecommerce web site development idea to the Internet. But after you?ve built your site and have a web presence, how do you make sure your website is effective in gaining viewership?because after all the site is on the Internet to be viewed by as many people as possible.
Something to consider is the unique of the content on your site. Sites that primarily serve non-unique, non-valuable content run the risk of not being able to rank on search engines, even if classic on and off page factors are performed acceptably. The reason is that search engines simply don?t want thousands of copies of Wikipedia or Amazon affiliate websites filling up their index, and thus use algorithmic and manual review methods to prevent this.
Search engines constantly assess the effectiveness of their own results. They measure when users click on a result, quickly hit the ?back? button on their browser, and try another result. This indicates that the result they served didn?t meet the user?s query. Business web development sites need to be aware of these search engine practices in order for them to compose content that is unique and ?valuable.? It?s not enough just to rank for a query. Once you?ve earned your ranking, you have to prove it over and over again.
The Art of Online Marketing is website optimization firm that offers strategies and tools for effective online marketing. If your desire is to not just be on the Internet, but be on the Internet and viewed by as many people as possible, contact The Art of Online Marketing.
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Expert Debt Relief Advice ? Why Credit Card Companies Agree to ...
Author: admin | Date: 08/28/2012 | Please Comment!
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Debt settlement companies are widely available in just about every state however some are just flat out more experienced than others in debt negotiation. That?s why it?s so important for consumers to use debt relief networks. These networks qualify and only accept the best performing debt settlement companies. To find a legitimate debt settlement company in your state check out the following link:
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CreditCardSettlementAdvice.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.
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Source: http://www.royrlewis.com/archives/497
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Tuesday, August 28, 2012
Heightened visual awareness by following brains natural rhythms?
ScienceDaily (Aug. 28, 2012) ? Like a melody that keeps playing in your head even after the music stops, researchers at the Beckman Institute have shown that the beat goes on when it comes to the human visual system.
In an experiment designed to test their theory about a brain mechanism involved in visual processing, the researchers used periodic visual stimuli and electroencephalogram (EEG) recordings and found, one, that they could precisely time the brain's natural oscillations to future repetitions of the event, and, two, that the effect occurred even after the prompting stimuli was discontinued. These rhythmic oscillations lead to a heightened visual awareness of the next event, meaning controlling them could lead to better visual processing when it matters most, such as in environments like air traffic control towers.
The research was reported by Beckman faculty members Monica Fabiani, Gabriele Gratton, Diane Beck, Alejandro Lleras, first author and Beckman Fellow Kyle Mathewson, and undergraduate psychology student Christopher Prudhomme. The paper was published online last week in the Journal of Cognitive Neuroscience.
The researchers wrote that this entrainment of brain oscillators can be used to lock the timing of repetitive brain activity and, therefore, enhance, "processing of subsequently predictable stimuli."
"In nature, rhythmicity is everywhere, so it makes sense that our brain has evolved to be sensitive to rhythms in the world and to be able to latch on to them to improve neural processing," Lleras said. "It's very nice to be able to show that not only does the brain work in this oscillatory fashion but that we can harness that property that is inherent to the brain and use it to control the brain's response."
This study follows their 2010 report involving a brain entrainment experiment in which a series of repetitive flashes were presented and followed by a faint target stimulus. They found that participants were only aware of those targets whose timing could be predicted based on the rhythm of the previous flashes; targets presented on the off-beat were not seen. The authors wrote that "awareness of near-threshold stimuli can be manipulated by entrainment to rhythmic events, supporting the functional role of induced oscillations in underlying cortical excitability, and suggest a plausible mechanism of temporal attention."
Gratton said their idea in this most recent experiment was "to manipulate the brain activity and see if this manipulation was in fact predictive of performance for this phenomenon."
It was. Using EEG to test their theory, they were able to assess the brain's predictive responses, as well as show they could control them.
"We hooked up EEGs to measure the electrical activity from people's brains to see if their brain waves were becoming locked to the rhythms, and they were," Mathewson said. "Then we showed that their visibility of the target fluctuated depending on the timing with respect to this rhythm. So we locked in the timing of their brainwaves and that locked in their ability to see the world at a certain time."
The research line goes back to a discovery by Mathewson of a pulsed inhibition mechanism in the brain that is based on oscillations in the alpha phase. This discovery supported the theory that the brain sometimes samples the visual environment in rhythmic "frames" rather than continuously, as the term "brain waves" implies.
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The above story is reprinted from materials provided by Beckman Institute for Advanced Science and Technology. The original article was written by Steve McGaughey.
Note: Materials may be edited for content and length. For further information, please contact the source cited above.
Journal Reference:
- Kyle E. Mathewson, Christopher Prudhomme, Monica Fabiani, Diane M. Beck, Alejandro Lleras, Gabriele Gratton. Making Waves in the Stream of Consciousness: Entraining Oscillations in EEG Alpha and Fluctuations in Visual Awareness with Rhythmic Visual Stimulation. Journal of Cognitive Neuroscience, 2012; : 1 DOI: 10.1162/jocn_a_00288
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/eV809BuLRRc/120828135125.htm
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Spain revises down GDP for 2011, 2010
MADRID (AP) ? Spain's economy did worse in 2011 and 2010 than previously estimated, the National Statistics Institute said Monday, adding to the gloom surrounding the country as it struggles to emerge from recession and avoid a sovereign bailout.
The INE said that fresh data showed GDP increased 0.4 percent in 2011 instead of 0.7 percent last year as exports and consumer demand were weaker than earlier calculated. It also showed that the economy shrank by 0.3 percent in 2010 instead of 0.1 percent.
Estimates of economic contraction of 3.7 percent in 2009 and 0.9 percent in 2008 remained unchanged.
Spain is in its second recession in three years with near 25 percent unemployment. The economy contracted 0.4 percent in the second quarter compared with the first quarter, when it shrank 0.3 percent. The government estimates it will contract 1.5 percent this year and 0.5 percent in 2013.
The latest figures come at the start of a hectic week for Spain as it battles to avoid seeking a sovereign bailout.
On Tuesday, Prime Minister Mariano Rajoy will hold talks with European Council President President Herman van Rompuy and on Thursday he will meet with French President Francois Hollande.
Also on Tuesday, the Treasury will test investor confidence with a debt auction of three- and six-month bills. The country's borrowing costs have soared in recent months as speculation mounted that it would not be able to manage its finances. Those borrowing rates fell back down somewhat in recent weeks on hopes that the European Central Bank will intervene in markets to lower them
Spain has already sought a loan of up to ?100 billion ($125 billion) from its 16 eurozone partners to help some of its banks that are laden with soured real estate investments following the collapse of the property sector and the onset of the financial crisis in 2008.
On Friday, the government is expected to approve a law setting up a 'bad bank' that will pool many of those assets. The Cabinet may also approve a decree giving its central bank more power to intervene faster in banks deemed to be shaky.
Source: http://news.yahoo.com/spain-revises-down-gdp-2011-2010-105215630--finance.html
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Merthyr Residents Enjoy Wi-Fi Access in Retirement Housing ...
Part 11 of ?the Communities 2.0 Summer of Success.? Every day, we are celebrating the ways C2.0 overcomes the barriers of digital exclusion and makes a difference to individuals, organisations and communities.? Today, we focus how we inspired Wales and West Housing to install Wi-Fi in a retirement housing scheme.
Wales and West Housing (WWH)?became involved in the Communities 2.0 Connect Merthyr Tydfil project because they wanted to see their residents benefit from broadband access at home. ?WWH wanted to reduce residents? social isolation by encouraging keeping in touch family and friends via text messaging, Facebook, emails and Skype.
Consequently, WWH installed Wi-Fi access in their Ty Pontrhun retirement scheme.? The total cost of this pilot was ?10,000.? The cost to residents is 63p per week after a free introductory period.? WWH have worked with Computer Recyclers Limited to provide low cost access to recycled laptops.? Some family members have given their relatives their old equipment when they trade up.
To encourage use of the Wi-Fi access, the Communities 2.0 Connect Merthyr project runs support sessions for the residents twice a week.? A recent check revealed that a third of the scheme residents use Wi-Fi at any time.? This compares to the start of the project, when only two residents had computers!
Jen, who uses a notebook, said that she and her granddaughter in Australia were crying for a few minutes when they Skyped each other for the first time recently. She can now not only keep in contact with her but see her and her family as they grow up.
Pauline, who is using his old iPad, said her grandson visited and couldn?t believe the download speed available as it was three times faster than his at home. He will downloading his movies and games from the scheme in future!
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Monday, August 27, 2012
Police blotter: Chad Mendes charged, former Jackson?s fighter arrested
Police-related news in MMA to report:
-- UFC featherweight Chad Mendes was charged with simple battery for his role in a bar fight in Hanford, Calif. He is cooperating with the police, denies he was involved, and will be arraigned on Sept. 19. Mendes' last fight was a 31-second knockout of Cody McKenzie at UFC 148.
-- Willie Parks, a featherweight who once trained at Jackson's MMA and helped with their wrestling, is facing aggravated assault charges and was arrested by U.S. Marshals after allegedly beating his girlfriend so badly that she miscarried.
Officials from Jackson's MMA said they severed ties with Parks months ago. His last fight was a win in March.
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Flurry: China Is Fastest Growing Market For iOS & Android Devices, Chile Comes In 2nd
It's no secret that mobile analytics firm Flurry gets a kick out of tracking apps and mobile device adoption trends, and today it released some new data on iOS and Android device adoption around the globe. The United States still leads in the number of active iOS and Android devices with 165 million, with China coming in just behind it with 128 million net active smart devices. From there, the numbers just sort of drop off ? the UK finishes in third with 31 million active devices, while South Korea and Japan round out the top five with 28 and 22 million respectively.Source: http://feedproxy.google.com/~r/Techcrunch/~3/BeSp0d_ADIg/
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Launch Your online business By way of Smaller Online business Web
It may well be the situation that you simply just want to host your web site in your manage and hunting an internet host to satisfy the aim. On this regard you will have arrive throughout countless web hosting conditions ? colocation web hosting, committed internet hosting, cloud web hosting in addition to a great deal! Ultimately you?ve chose to choose an internet hosting that is definitely definitely a ?cheap virtual internet hosting?. Sure, your determination is true by using a standpoint this is fairly low-cost with even better assets on reveal amid very few internet sites! Although, i suggest you recognize that there are often some restrictions on this sort of low cost virtual websites internet hosting assistance! Just because that you?re sharing your web hosting server with a few other organisations, you could possibly see these pitfalls ready available for you:
A devoted server would mean that that a complete server, and that?s a bodily device that holds the data the same as your laptop or computer does, is devoted only to your domain. You happen to be effectively leasing your complete device only for your site. The natural way, this is often the most costly type of web hosting. This kind of web hosting is most desirable for big online business website pages that get of customers or which have to carry significant quantities of data like purchaser databases. A lot of people would not require a devoted server for your online site. Most of the people can use low-budget domain internet hosting fairly effectively. Picking low-budget domain web hosting is seen as a minor little bit challenging simply because you?ll find numerous hosts available on the market and lots of alternative blueprints. They will have a particular schedule for this a great deal details transfer and an additional approach wherever you could potentially have numerous gigabytes of data on your own internet site, and it may possibly be considered a little bit mind-boggling.
A virtual non-public server really is a server that is partitioned into varied virtual segments plus your domain is hosted on a particular of people segments. Shared web hosting would mean that that the domain together with a variety of many people also reveal a similar server. The chief distinction between a virtual personal server and shared internet hosting is the fact on the VPS the phase your domain is in is fairly safeguarded. It is actually just like a virtual natural environment all its very own so its safeguarded from tasks like viruses or other challenges that could come to pass to other domains relating to the exact server. Shared web hosting deals no this kind of protections. If a particular on the domains encounters a difficulty that triggers a server hiccup, everyone?s domains will go down on that server.
It is very uncommon regardless, and that?s why shared web hosting is so well liked even for lots of organisation internet sites. You?ll find it low priced domain internet hosting that has a tendency to succeed equally as clearly as other styles for many consumers. Opt an online host which offers you by far the most adaptable approach with important things like endless facts transfer and gigabytes. Except you do have a blog that explodes with site visitors, probability are you might be not planning to violate any limitations of one?s shared internet hosting. In spite of economical domain internet hosting, be certain the world wide web host may be accessible to assistance you 24/7, and do not be fooled by tremendous cheaper designs that need two decades of payment before hand. You wish the flexibility to vary your low priced domain web hosting from month-to-month in case you get support that you are not pleased with.
Prior to deciding to determine an inexpensive online internet hosting supplier you ought to be absolutely knowledgeable on the functionality you will want and whats on furnish. You might reduce out on essential benefits that you simply could use to cultivate and publicize your new by going online firm at any time you make up your mind to not study the businesses primary. At any time you are setting up a different via the internet home business that will require commonplace online site coding which includes html or php then you definitely will likely be good by using shared web hosting. Message boards, blog sites, picture galleries and purchasing carts can be introduced by means of shared internet hosting as being the optimal suppliers of such companies give you the many functions you may need to set up and operate these apps. Utilizing an assistance that takes advantage of the cPanel controls will empower you to set up these web-sites working with the fantastico script installer. Mysql databases will likely be needed to operate these webpages.
You need to assure optimum return on investment decision in possessing an online site hosted. If web hosting is just not accurate, you certainly will never ever make most away from your internet site. It is best to select the economical web hosting program ? not a budget a particular. Previously mentioned all you can opt for low priced virtual web pages internet hosting, if you?ve got ensured that you just are selecting the most responsible and reliable support company. Do some basic research about the make a difference so you could accomplish the perfect company company and that?s furnishing low-priced virtual internet hosting to stay steady with this very highly aggressive market place.
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Sunday, August 26, 2012
Old School Advertising Is DEAD! | Online Business Articles
?
By Margie Chavez
Evidence of Babylonians utilizing signs on the sides of stores in three thousand B.C. indicates how long people have been trying to spread the word that they have some thing others would like. The Acta Diurna was the first Roman paper, published in fifty nine B.C., and you could reasonably assume a commerce-oriented culture such as the Roman Kingdom and the Republic likely put up ads in the newspapers of that time period.
In 1450, Johannes Gutenberg created the moveable type printing press, allowing for bulk production and circulation of printed advertising and the far more proficient development of newspaper publishers. This became the dominating sort of advertising for several hundred years until the advent of radio and tv during the last century.
Nowadays we have the online world. Mobile devices. Teeny computers with touchscreens.
Considering the explosion of the world wide net, numerous new avenues for advertising have showed up. Social media marketing makes it possible for considerable and massive marketing among people that would have been, in reality, not possible to sustain as few as ten years back. SEO exploded along with the ever- popular online search engine industry, turning into a profitable enterprise on its own. Viral video showed the world-changing potential possibility of online videos streamed on the internet, opening the video promotion business. Touch screen phones like the apple iphone as well as Androids have even made it possible to stick advertising directly into customers? pockets. Mobile promotion has become the primary means for app developers for cellular phones to finance their projects.
So with all these options?
What type is the best? What?s going to most proficiently pass on the word?
Why don?t we do a good experiment.
You are riding down the road in your vehicle and enjoying a good song on your stereo. Then it ends and an ad plays or the DJ begins speaking about some product you have simply no need for, which is possibly 95% of all the advertisements you listen to on the radio.
What now ?? Change the station possibly. Or even turn it down. Or perhaps put in a Disc.
You?re viewing television on your couch right after supper, taking advantage of your preferred show. Then a truly obnoxiously loud commercial starts. What do you do? Change the station. Or fast-forward thru it due to the fact it?s recorded on TiVo or perhaps streaming from Hulu. In most cases, you could even be watching a digital copy of the show directly from your own personal computer.
See the reason for the experiment yet?
Direct snail mail advertising will get chucked away, hardly ever looked over. Magazine advertisements are questionably effective if they are displayed well enough. Yellow pages and phone guides? Who even uses these anymore? They are distributed almost all over the place and typically get piled in to heaps to collect dust in a corner in the customer?s home. Or chucked away altogether. That?s advertisement cash thrown away for all good reasons. Sure, there are a few individuals who use these nonetheless but the tremendous majority make use of the online world for their research needs for services and goods of all types.
In the here and now of the electronic era, the way to get the word out is definitely the internet.
Twitter and facebook. Social media marketing, the single easiest way to spread Mobile advertising and marketing and Video clip promotion out to the majority of consumers. Google queries have Search engine optimization professionals globally doing work round the clock to continuously optimize SEO usage to make it more beneficial.
Why is this so?
An additional experiment.
You happen to be surfing on Facebook and view an ad for a product that makes you laugh. You click it and see what it is. Another person just made cash off that click, making the advertisement an automated return for the organization that posted it, regardless of whether you purchase anything at all or not.
Your Twitter dings at you. You look at it and it is your favorite movie star talking up an awesome product they just used. You check it out, clicking on links(that pay folks), view a video about another product, and eventually you purchase the original product your celebrity talked about.
That is social media(with a celebrity) interlocked together with video marketing and paid web page link advertising.
Put down where you could compare the 2 like that, you see where digital marketing on-line demonstrates clear benefits above many of the older kinds of marketing.
Just to illustrate: the digital distribution service Steam just ended its Annual Summer time Sale, which received practically no televised advertising however absolutely massive social networking coverage. These Steam sales are so profitable, despite the games selling for dirt cheap(which explains why they?re so successful) that Steam does two or three of them a year while still maintaining the most popular gaming service on earth and its many multiplayer gamers. Seems much more cost-effective that putting an ad in the newspaper that will get dumped.
Understand the bottom line here? Electronic advertising is not the technique of the future anymore.
This is the method of the today.
Margie Chavez is on online social media and SEO expert, dedicated to helping the small local business owner gain the unfair marketing advantage that larger corporations have over the ?little guy?. She is empowering small business with the same tools and strategies employed by huge corporations to claim their stake in this extremely challenging business climate.
Source: http://online-biz-articles.com/old-school-advertising-is-dead/
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President and VIPs hail Neil Armstrong
Saul Loeb / AFP - Getty Images file
First moonwalker Neil Armstrong and President Barack Obama get their picture taken on July 20, 2009, during an Oval Office meeting to commemorate the 40th anniversary of the Apollo 11 moon landing.
Astronaut Neil Armstrong, the first man to walk on the moon, was remembered by friends, colleagues and admirers as a man who made his country believe anything was possible with ingenuity and dedication.
A few examples from the outpouring of expressions for Armstrong, who died today at the age of 82:
President Barack Obama: "Michelle and I were deeply saddened to hear about the passing of Neil Armstrong."
"Neil was among the greatest of American heroes ??not just of his time, but of all time.? When he and his fellow crew members lifted off aboard Apollo 11 in 1969, they carried with them the aspirations of an entire nation.? They set out to show the world that the American spirit can see beyond what seems unimaginable ? that with enough drive and ingenuity, anything is possible. And when Neil stepped foot on the surface of the moon for the first time, he delivered a moment of human achievement that will never be forgotten.
"Today, Neil's spirit of discovery lives on in all the men and women who have devoted their lives to exploring the unknown ??including those who are ensuring that we reach higher and go further in space. That legacy will endure ??sparked by a man who taught us the enormous power of one small step."
Buzz Aldrin, astronaut who was lunar module pilot on Apollo 11: "I am very saddened to learn of the passing of Neil Armstrong today. Neil and I trained together as technical partners but were also good friends who will always be connected through our participation in the mission of Apollo 11. Whenever I look at the moon it reminds me of the moment over four decades ago when I realized that even though we were farther away from earth than two humans had ever been, we were not alone.
"Virtually the entire world took that memorable journey with us. I know I am joined by millions of others in mourning the passing of a true American hero and the best pilot I ever knew. My friend Neil took the small step but giant leap that changed the world and will forever be remembered as a landmark moment in human history. I had truly hoped that in 2019, we would be standing together along with our colleague Mike Collins to commemorate the 50th Anniversary of our moon landing. Regrettably, this is not to be. Neil will most certainly be there with us in spirit.
"On behalf of the Aldrin family, we extend our deepest condolences to Carol and the entire Armstrong family. I will miss my friend Neil as I know our fellow citizens and people around world will miss this foremost aviation and space pioneer. May he rest in peace.?
NBC's Jay Barbree, Brian Williams and former NASA astronaut Mark Kelly reflect on the life of Neil Armstrong.
Michael Collins, the astronaut who piloted the Apollo 11 command module and circled the moon while Aldrin and Armstrong went to its surface: "He was the best, and I will miss him terribly."
John Glenn, former U.S. senator and the first American in orbit, who went through jungle training in Panama with Armstrong: "When I think of Neil, I think of someone who for our country was dedicated enough to dare greatly."
Charles Bolden, NASA administrator: "As long as there are history books, Neil Armstrong will be included in them, remembered for taking humankind's first small step on a world beyond our own. Besides being one of America's greatest explorers, Neil carried himself with a grace and humility that was an example to us all. When President Kennedy challenged the nation to send a human to the moon, Neil Armstrong accepted without reservation. As we enter this next era of space exploration, we do so standing on the shoulders of Neil Armstrong. We mourn the passing of a friend, fellow astronaut and true American hero."
Mitt Romney, presumptive Republican presidential candidate: "Neil Armstrong today takes his place in the hall of heroes. With courage unmeasured and unbounded love for his country, he walked where man had never walked before. The moon will miss its first son of earth. I met and spoke with Neil Armstrong just a few weeks ago ??his passion for space, science and discovery, and his devotion to America will inspire me through my lifetime."
Rep. Paul Ryan, R- Wis., presumptive Republican vice presidential candidate: "We lost a great American today. ? This is a man who proved that we can imagine big things, who showed that in America you can set very lofty goals and accomplish them. Neil Armstrong is the epitome of American vision, American power, American creativity and how we can set the horizons and achieve our goals."
Leon Panetta, secretary of defense: "We are bidding farewell to one of our own.? As a decorated Korean War veteran, as an astronaut for NASA, and as the first man to walk on the moon, Neil inspired generations of Americans to believe that as a nation we are capable of achieving greatness that only comes with determination, perseverance, and hard work. As a true pioneer, his one small step showed all mankind the great feats we can accomplish when we set ourselves to the task.? While Neil is no longer with us, his spirit and his legacy of American achievement and national pride will live forever."
Nancy Conrad, widow of Apollo 12 commander Pete Conrad and founder and chairman of the Conrad Foundation: ?Neil was a humble and personable man ... although he was the first man to walk on the moon, he never asserted his own ego into a conversation. Neil will always be remembered for the inspiration he gave to all of us to press on and to achieve our own personal greatness. He was the personification of the Giant Leap for mankind. Neil was not only a gentleman, he was a gentle man.?
See images from the career of astronaut and American hero Neil Armstrong.
Sen. Bill Nelson, D-Fla., chairman of the Senate Science and Space subcommittee, who flew on the shuttle Columbia in 1986: "Neil Armstrong understood that we should reach beyond the stars. His 'one giant leap for mankind' was taken by a giant of a man."
John Boehner, R-Ohio, House speaker: ?"A true hero has returned to the heavens to which he once flew. Neil Armstrong blazed trails not just for America, but for all of mankind. He inspired generations of boys and girls worldwide not just through his monumental feat, but with the humility and grace with which he carried himself to the end. Ohio has lost one of her proudest sons. Humanity has gained a legend."
Rep. Ralph Hall, R-Texas, chairman of the House Science, Space and Technology Committee: "Neil Armstrong was an inspiration to all Americans, not only for his role in one of the proudest moments in American history, but also for his courage, grace and humility. He exemplified all that is great about mankind, and he will forever be revered as a true American hero."?
Kenneth Murphy, president of the Moon Society: ?In Lunam Aeternum: Neil Armstrong (1930-2012) may be gone, but he will forever be with us.?
Dan Pastuf, chairman, Students for the Exploration and Development of Space: ??Many students first learn about space exploration through the great accomplishments of the past, like Armstrong?s historic and heroic landing on the moon. This was a journey that he himself said only had a 50-50 chance of success. Because of the groundwork Armstrong laid down, young people have been inspired throughout the world to pursue the limits of where we can explore.?
Elliot H. Pulham, CEO, Space Foundation: ?Neil Armstrong was a humble, soft-spoken hero who never forgot that it was the will of the nation and the tireless work of thousands of scientists and engineers that enabled him to take that famous 'giant leap' for mankind. ? Armstrong's quiet resolve and unyielding belief in the importance of exploration will be missed by a grateful nation.?
Lon Rains, chairman, Coalition for Space Exploration: ?Neil was a humble man who devoted his life and his career to serving a greater cause. From the children who strive to explore the stars to those who devote their lives to reaching beyond the bonds of earth, one can only hope to follow in his footsteps."
More about Neil Armstrong's life and legacy:
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