Its Raffle Time!!!!!   

Do you want to own a piece of contemporary jewellery? Do you want to win a piece of Jewellery by one of the artists taking part in 'Suspended in Pink'?
If so, this is how!

On the 10th of January, during our fantastic private view- One of THESE artists names was chosen from a hat:
Alexandra Hopp, Andrea Coderch, Annette Dam, Babette Von Dohnanyi, Claire Lavendhomme, Claire McArdle, Corrado de Meo, Demitra Thomloudis, Drew Markou, Erica Voss, Farrah Al-Dujaili, Galatée Pestre, Helena Johansson, Heng Lee, Isabel Dammermann, Iris Eichenberg, Jane Richie, Jo Pond, Jorge Manilla, Josephine Siwei Wang, Karen Bartlett, Karen Vanmol, Karin Roy Andersson, Kate Rohde, Katharina Moch, Kevin Hughes, Lauren Markley, Laurence Verdier, Lital Mendel, Lynn Batchelder, Mallory Weston, Masako Hamaguchi, Michelle Kraemer, Minna Karhu, Patricia A Gallucci, Rachel McKnight, Réka Fekete, Rhona McCallum, Ria Lins, Sam Hamilton, Silke Fleischer, Sofia Björkman, Thea Clark, Vinit Koosolmanomai, Yeseul Seo, Zoe Robertson.

the names- all ready to be picked!!!!

Jo Pond selected a name from the hat-
The name is sealed in the pink envelope, ready to be revealed in August! 

So, Now, All you have to do is:
1. Guess who's name is in the envelope
2. Purchase a raffle ticket (£5/€6/$8) by contacting Laura at, or at one of the exhibitions
3. Love and look after your ticket until the end of our exhibition at the Heidi Lowe Gallery, to see if you have won an item of jewellery from one of our exhibitors!!!!

So, Where does your money go?
Firstly, I truely believe that all artists should be paid for their hard work! SO, rather then asking the participanting artists in 'Suspended in Pink' to donate a piece of jewellery, we shall be purchasing that item, using the money raised in the raffle. Any extra earned income will be invested in the the exhibition, allowing use to travel to new additional and exciting venues throughout the year!

Thanks to Marthe Le Van for aking these questions- hope I have answered them :)

 What if no one guessed the right jeweler? 
Ans: We will chose another name from a hat, and will keep doing it until we have a winner!

What if several people did? 

Ans: We will put there names in a hat and chose from one of these names. Those who guessed right, but did not win the actual piece will win a very small consolation prize.

Who pays shipping and customs? 
Ans: I do!

Will the package be insured? 
Ans: Yes!

Any further questions on this are welcome, just contact Laura at


Trump/Perdue not that into Farmers...   

UPDATE 10/7: I think farmers have had enough, maybe, I hope anyway...
1. “I went to Madison feeling financially scared and emotionally depressed but hopeful,” said Paul Adams, who runs a 500-cow organic dairy near Eleva, WI."I came home feeling financially scared, emotionally depressed, unwanted, and unneeded.”

2. Brittany Olson left her Barron County farm at 2am to make the trip to Expo and hear Perdue speak. “To go through the effort to see the USDA secretary, only for him to say that small farms like ours likely have no future made me feel like little more than a peasant in a system of modern-day feudalism,” Olson said.

3. “To me, it really drew a line in the sand on just where this administration stands,” said Chippewa County dairy farmer George Polzin.
Danielle Erdvick summed it up this way in the story:
But I sense a fire growing in the belly of the family farmers I meet in my work with Farmers Union. Farmers are weary. But there’s a growing flicker that’s starting to feed a change in the narrative. No more will they be spoon-fed a top-down vision for rural America. Instead, I see a drive for a farmscape where fair prices, local food systems, clean water, and land conservation are at the heart of farm policy. How can we achieve it? It’ll take actually enforcing America’s antitrust laws and holding corporations accountable when they try to monopolize an industry. It’ll mean addressing market manipulation. It’ll mean not raising our hackles, as farmers and ag groups, every time someone wants to talk about clean water or livestock siting. It’ll mean continuing to adopt regenerative practices and thinking outside the box so we’re protecting our natural resources for our children and grandchildren.

Farmers will never stop voting for Republicans. Sadly, GOP promises of "small government" simply mean they don't really have to do anything for their constituents, and deregulation is anything that basically leaves them alone.

Tariff War is not Their Fight: It seems farmers are okay sacrificing their livelihoods for big corporate interests seeking intellectual rights and protections. 

And then the last shoe dropped; Ag Sec. Sonny Perdue told us what big corporate Republican politicians were really thinking about family farmers:

Perdue told reporters that he doesn’t know if the family dairy farm can survive as the industry moves toward a factory farm model ... “In America, the big get bigger and the small go out. I don’t think in America we, for any small business, we have a guaranteed income or guaranteed profitability.”
A few farmers suddenly realized what was really going on...
Jerry Volenec, a fifth-generation Wisconsin dairy farmer with 330 cows, left the Perdue event feeling discouraged about his future. “What I heard today from the secretary of agriculture is there’s no place for me. Can I get some support from my state and federal government?"

Darin Von Ruden, president of the Wisconsin Farmers Union and a third-generation dairy farmer who runs a 50-cow organic farm (said) getting bigger at the expense of smaller operations like his is “not a good way to go.  Do we want one corporation owning all the food in our country?” 
Democrats, Governor Tony Evers backs Family Farms, despite never getting their vote, but after Sonny Perdue's comment, even our laid back Gov. had to say something:

"Are they struggling? Absolutely. But I think at the end of the day we need to get behind them rather than saying, ah maybe you should go larger. I, frankly, resent that the Department of Agriculture secretary from the federal government came in and kind of lambasted them."
But don't take Evers word for it, here's a comment made at the Minnesota Farmfest about CAFO's. Note: Why were visa's for dairy labor ever determined to be seasonal and not year around?:

Trump Piled on First: Remember this...
Wisconsin dairy farmers are still feeling the sting of Trump's visit to Milwaukee in July, where the president downplayed the suffocation felt by farmers here because of Trump's own tariffs.

Trump: "Some of the farmers are doing well. ... We're over the hump. We're doing really well."
Farmer Response...:
"If he's saying farmers are over the hump, he would be badly mistaken," said Darin Von Ruden, a third generation dairy farmer. "In order to get over the hump we need to stop losing dairy farms."
From PBS's Market to Market: Trump's says farmers are happy...

Farmers are slamming Trump's $28 billion farm bailout — more than double Obama's 2009 payment to automakers — as a 'Band-Aid'.
Perdue editorial doesn't repair Damage: Nope, his word salad backtrack to obscure how he really feels, is a little late. In fact, Perdue reminds farmers how this whole problem was really Trump creation:
Purdue: "President Donald Trump has made it his mission to support American agriculture and negotiate better trade deals so our productive farmers can sell their bounty around the globe."
And don't forget how Scott Walker pushed oversupply in the dairy industry.

Here's what one farmer, "a great patriot," really thinks about Trump:

In Gays Mills, WI, over production and large dairy farms are locking many out of getting into farming. From WPT's Portraits from Rural Wisconsin:


Highway Maintenance Technician-Urban Striping - State of Wyoming - Sheridan, WY   

Wyoming is one of seven states with no income tax. The Wyoming Department of Transportation (WYDOT) is seeking a Highway Maintenance Technician for our Urban… $16.40 - $21.13 an hour
From State of Wyoming - Tue, 06 Aug 2019 02:55:25 GMT - View all Sheridan, WY jobs

Construction & Field Survey Technician - State of Wyoming - Sundance, WY   

Wyoming is one of only seven states with no income tax. The Wyoming Department of Transportation (WYDOT) is seeking a full-time Construction and Field Survey… $16.40 - $21.13 an hour
From State of Wyoming - Wed, 07 Aug 2019 02:51:13 GMT - View all Sundance, WY jobs

U.S. House passes marijuana banking bill, with support of Rep. Cathy McMorris Rodgers   


Congress took its first step Wednesday toward allowing state-sanctioned marijuana businesses to access banking products without fear of a federal government crackdown.

That step included support from Rep. Cathy McMorris Rodgers, an Eastern Washington Republican who has spoken against the state’s legalization of recreational marijuana and received criticism from cannabis reformers hoping to fully legalize the drug.

“I heard from a lot of banks and credit unions about the increased amount of cash that is on our streets, and the danger that it poses for our community,” McMorris Rodgers said in an interview following her vote.

The bill, sponsored by Rep. Ed Perlmutter, D-Oregon, prohibits federal regulators from penalizing or limiting financial services offered by lending institutions working with marijuana businesses that followed state laws. The bill passed 321-103with 91 Republicans voting in favor, many of them saying they supported the bill’s narrow scope that is intended to keep such businesses from relying solely on cash. That can make them targets for crime, bill supporters argued.

Many banks and credit unions have avoided working with cannabis businesses, as the drug remains illegal under federal law. Locally, Numerica Credit Union offers a limited set of financial services to growers, processors and retailers.

The U.S. Treasury Department keeps track of banks and credit unions nationwide reporting activity with marijuana businesses as part of its suspicious activity reports program. The department reported in June that there were 715 lending institutions nationwide that were conducting business with marijuana firms.

Advocates pushing for further reform of federal marijuana laws, including the potential declassification of the drug as a controlled substance, heralded Wednesday’s vote. It is the first time Congressional lawmakers have approved any legislation dealing only with marijuana, as more and more states legalize its sale to both medical patients and as a recreational drug.

“For the first time ever, a supermajority of the House voted affirmatively to recognize that the legalization and regulation of marijuana is a superior public policy to prohibition and criminalization,” Justin Strekal, political director of the National Organization for the Reform of Marijuana Laws, said in a statement.

The bill doesn’t change marijuana’s classification as illegal under federal law. It also doesn’t address the Justice Department’s apparent attempts to keep bankruptcy cases from people declaring marijuana income out of the courts.

McMorris Rodgers said her support for the legislation was due to its narrow scope. But the congresswoman noted that she’s also co-sponsored another marijuana bill introduced by Oregon Democratic Rep. Ed Blumenauer which would enable the sale of marijuana seeds and plant starts to researchers licensed by the federal government for medical study.

“I continue to have concerns about legalization of recreational marijuana, in particular,” McMorris Rodgers said. “I’m concerned about the safety around it, especially for our kids.”

The House’s approval of the bill sends the legislation to the Republican-controlled Senate, where another Western GOP lawmaker has already convened an informational hearing about a companion bill.

Idaho Sen. Mike Crapo, chairman of the Senate’s Banking Committee, held a hearing in late July on similar bipartisan legislation, but no votes were taken. At the time, Crapo said he was interested in learning more about the legislation, but also concerned about a 2013 Justice Department initiative under President Barack Obama that targeted firearm sellers, payday lenders and other businesses believed to be at risk of committing financial crimes.

“Having a conversation about whether banks should be able to provide banking services to entities engaged in federally illegal behavior brings up the issue and concern that there has been a push to choke off legal industries from the banking sector,” Crapo said at the July hearing.

Strekal and representatives of other marijuana reform organizations urged the Senate to take up the legislation in statements Wednesday. President Donald Trump has not given clear indication whether he would sign marijuana banking legislation if it were to pass both chambers of Congress, but he expressed some support for another bipartisan bill introduced in Congress that, among other changes, would give state-sanctioned marijuana businesses access to banking.

Crapo told reporters for the publication Congressional Quarterly on Wednesday that he wanted to consider a banking bill, which could be separate from the House bill, in the Senate soon.


Gift from NRI dad not taxable, but you have to pay tax on income from it   


Gift from NRI dad not taxable, but you have to pay tax on income from itQ. I am an NRI. If I gift Rs 20 lakh to my major daughter in India and if she invests it in a bank fixed deposit, will either of us be liable to pay income tax?-Wilson Furtado According to Section 56(2), any sum received from relatives is not chargeable to tax. So, if this […]


Know who is eligible for presumptive taxation scheme   


Know who is eligible for presumptive taxation schemeIn case of a person adopting the provisions of Section 44AD, income will be computed on presumptive basis, i.e., @ 8% of the turnover or gross receipts of the eligible business for the year.


Re: What are the essential and discretionary expenses in a retirement budget?   

dodecahedron wrote:
Mon Oct 07, 2019 7:53 pm

delamer wrote:
Mon Oct 07, 2019 7:10 pm

KlangFool wrote:
Mon Oct 07, 2019 7:03 pm


How do you pay 12K in income taxes with 80K of expenses (including the taxes)?


It’s possible in some states.

You have to withdraw the 80K, to live off 68K.

Please tell me in what state this would be true. I used NBER TaxSim to estimate taxes in the ¨usual suspect¨ high tax states. $12K for federal and state combined is too high in all of them.

Even if the couple has no taxable account and no Roth accounts, a typical retiree couple living on 80K would have an averqge of around 30K in SS and need to withdraw $50K from their traditional tax-deferred accounts. That yields a federal tax bill of $5,200.

In NY, the state tax bill is ZERO. (Yes, although notorious for taxes in general, NY is quite generous in treatment of retirement income. They don´t tax SS at all and the first $20K of pension or IRA distributions per person are exempt also. Standard deduction wipes out the rest of the taxable income.) In California, the state tax bill is $200. In CT, the state tax bill is $1,500. In NC, it is $1,800. In Hawaii (the worst, as far as I can tell), it is $2,200.

(All numbers above rounded to nearest hundred dollars. I am also assuming that both members of the couple are 65.)

Even if they are deferring SS and withdrawing the entire $80K as ordinary income, I can´t find any state where the total income tax (fed plus state) are $12K.

Of course, if they pay attention to livesoft´s advice, their tax bills can be much lower than TaxSim´s estimates listed above.


I was thinking of all ordinary income, both spouses under age 65 and including all state/local taxes.

Does that change the result?

Re: Excellent Adventure in Taxable?   

HootingSloth wrote:
Mon Oct 07, 2019 12:04 pm

get_g0ing wrote:
Mon Oct 07, 2019 9:59 am


For a small part of my portfolio I want to be in HEDGEFUNDIE's Excellent Adventure.

(I understand that it's risky and the money I'm allocating shouldn't impact my finances if doesn't work out).

I have a Vanguard taxable account (with VTSAX) that I am transferring to M1 Finance. I'm requesting some guidance on:

How can I figure out which of the following in taxable will be better (while staying close to the original strategy):






In particular, I'd like to figure out their backtest returns in taxable (after paying taxes).

I've gone through both threads over several hours. I saw the above options come up at different points, but didn't see a proper discussion around the best way to implement the strategy in taxable. Hoping we can do so here.


Your post history seems to suggest that you have a ROTH IRA. If you want to invest in this strategy (after fully understanding the risks), why not just use the ROTH IRA? I think the strategy throws off quite a bit of ordinary income in addition to any net gains recognized by periodic rebalancing, so it would seem to be quite tax inefficient. Besides, if the strategy actually works in the long term, you will be extremely disappointed that you did not invest through a ROTH IRA and be able to take withdrawals tax free. If you feel that your current ROTH IRA balance is too small for the amount of exposure that you want, I would consider building it up over a few years (or faster if you happen to have access to a megabackdoor ROTH). As you recognize in your OP, the strategy is not intended to be executed with an initial investment that is more than a small portion of your investments, so it may not take very long to get as much exposure as you want.

Hi HootingSloth,

Yes, I do have a Roth that I am also considering for this. But I already know what needs to be done for Roth, so that one I didn't ask about.

I like your suggestion but I'd still like to figure out what the best option is for doing this in taxable.

What's the best way to compare these funds in taxable?

Also, portfoliovisualizer shows historic returns, how can I know what the returns would have been if the same fund was held in taxable account?


Re: Psychologically adverse to start drawing down in retirement   

Spirit Rider wrote:
Mon Oct 07, 2019 11:40 am

I have only recently gone through this after I was "involuntarily" retired five years ago. Well, maybe not so involuntarily. I was laid off four (4) years before planned retirement. After several interviews with snot-nosed kids, more impressed with themselves than finding out what I could bring to the table. I made it voluntary.

With a three (3) month severance, six (6) month unemployment insurance, followed by some independent contractor work, 529s for college and portfolio income and growth. My portfolio continued to grow.

However, the last year has been rather painful watching my portfolio decline. It has been a combination of reduced portfolio growth, my youngest girl's tutiton and expenses*, unexpected large expenses and delaying SS into a perfect storm.

Yes, it is irrational. I only have two more semesters of college expenses and then carrying living expenses until 70. Then SS alone will exceed my living expenses. All this will only result in a small dent in my portfolio.

I have always been a saver, even as a teenager. Taking a certain amount of satisfaction watching it grow. Now it is agonizing when I sell some securities in taxable or take IRA distributions. It hasn't seen to get any easier the more times I do it.

I know it is not rational. This is what it was all for and I have more than enough. Yet, it still is difficult to switch from the accumulation stage of your entire life to a decumulation stage in retirement. Even if it as is my case a temporary situation.


Droit de la famille — 191684, 2019 QCCA 1391 (CanLII)   

notional income — experts — thousand dollars — net worth — shares

LETTER: Council’s housing policy is letting people down   

Your correspondents Paul Wordsworth and Geoff Robb hit the nail on the head about the council’s housing delivery programme (Why is council building homes to sell? Letters, October 3). The priority is income to the council rather than housing those most in need.

Trade talks are a 'political football at this point,' CIO says   

Rich Weiss, CIO at Multi-Asset Strategies at American Century Investments and Brian Weinstein, Head of Global Fixed Income at Morgan Stanley Investment Management, join CNBC's "The Exchange" to discuss trade tensions.

Lucky 13   


Dad and I first crossed the Grand Canyon together in 2004, when I was 25 and he was 51 years old. In one of those mundane yet still-jarring realizations, I acknowledged that someday, not all that long from now, I'll be the same age as he was then ... if I'm lucky. If I'm even luckier, we may still be planning a fall Grand Canyon crossing for that year. It's not outside the realm of possibility. Although he has his share of somewhat odd health setbacks and accident-related injuries — a genetic legacy I reluctantly carry — he seems as likely to become a spry 77-year-old as I am a capable 51-year-old. And I really want this tradition to continue. It doesn't get old — gazing across the Grand Canyon, or crossing its main corridor on an always-unpredictable autumn day with my dad.

It goes without saying, how much I admire my dad, but I'm not sure I've really said it here before. He raised three girls, working hard for a single-income household so my mom could stay at home. We enjoyed an idyllic childhood with lots of love and regular family vacations and important traditions. Things have never been all that difficult or contentious in our immediate family, even when I made a choice to diverge from some of those traditions. For this I am grateful. Dad was always athletic, but he picked up hiking in force when I was 13 or 14 years old, which would have made him about my age now, 40. I wasn't yet 15 when he started inviting me to join his hiking group on shorter jaunts, and about to turn 16 when he accompanied me up my first big mountain, Timpanogos. I remember having the sorest legs and terrible heel blisters, but it was a formative experience — one of a handful of truly life-changing moments I count from my youth.

Dad was able to retire a few years back, and some people close to him questioned how someone so healthy and relatively young could step away from his career. What was he going to do for the rest of his life? His reply — "What I want to do." I think I admire him most for this. He doesn't need validation or ambition to stay vibrant. He simply wants to experience life at its brightest edges, and ride the exhilarating waves through every crest and trough. I think it helps that this is all I want from life, too. He worked hard, planned well and earned his freedom to wake up whenever his sleep-challenged body has had enough rest, and set out for a day-long ramble through mountains he has lived near for most of his life.

 As with all traditions, life happens and we've missed some years in the past 15. I crunched the numbers because as usual I'd forgotten but was curious about how many crossings we've shared. Including the doubles of 2015 and 2016, this year was my 13th rim-to-rim with Dad. This was a lower-key year where we'd spend fewer than 24 hours in the park, and cross our favored route from south to north on the Kaibab trails. Because room reservations have become so difficult to obtain, our trip has skewed earlier in recent years, from mid-October to late-September. This usually means hotter weather, and I was braced for the worst, having lost any heat acclimation while in Europe.

 We were joined this year by Chad, one of Dad's original hiking buddies. We set out at first light, in pleasantly mild weather with a temperature near 40 and a light breeze. As rich morning light saturated the layered expanse of sandstone and sky, I smirked at the memory of how unsettled I used to feel while gazing across the chasm. Before our first crossing in 2004, I trained specifically all summer so I'd been in prime condition. I greatly feared the prospect of faltering during the long climb out and disappointing my dad. I barely slept the night before the hike, because I was so nervous. It was a huge undertaking. Now, I'm not even sure I'd rank the rim-to-rim in my top five toughest outings since my birthday fourteeners, six weeks earlier.

Much about this trip has become routine, but the views are still as awe-inspiring as ever. Still, as I was packing my little running vest with minimal supplies, I wavered on bringing my camera. I mean, I love photos, and I take thousands of them even on my most mundane running routes near home. But would I even have anything new to share about the Grand Canyon? This feels like a trail everyone has traveled and views everyone has seen, in locations I've already documented a dozen times now. I tend to forget how special this place is at all times, and how unique every crossing can be.

 On this morning, amid ideal temperatures, all of the confidence of 15 years, and lots of leg pep and energy, the friendly skies opened up for some stunning magic light. Everything felt as perfect as it could possibly be.

 Sadly, about two miles in, there was a bout of bad luck as Chad rolled his ankle and fell forward onto the trail. It's strange, really, that out of a dozen crossings that involve both Dad and myself, there hasn't been an injury on this trip yet. It's even stranger that the first occurrence didn't happen to one of us. Chad is a talented runner and mountaineer who rarely has such mishaps, but he got unlucky. He wrapped his swollen ankle and walked for another quarter mile before deciding his injury was untenable for a full crossing. I was lucky to find the one spot of cell phone reception in the canyon, and was able to get ahold of my mom, who was preparing to drive around to the other side and pick us up. So Chad was able to hike out and get a ride without drama, only disappointment. 

 Dad and I continued deeper into the canyon, where the shadow and light continued to inspire. We didn't do a lot of talking on this year's trip — Dad and I are a lot alike, and if you put the two of us alone together, there probably won't be an overwhelming exchange of spoken words. He seemed as content as I felt, but I did worry that he might be in more pain than he was letting on. For the past few weeks he's experienced sharp pain in his upper leg, near his hamstrings. When Dad complains about pain, I know it's bad, but he claimed he only felt it when bending over or sitting for long periods of time. While hiking, he felt much better. A few days later he would be diagnosed with a bulging disc impacting the nerve in his right leg.

 He's now trying conservative treatments, and hopefully they will work. But a bulging disc can be terribly painful; it's impressive he managed a Grand Canyon crossing with this issue. I thought back to something Dad shared with me while I was still in high school, about meeting a 68-year-old man on the knife ridge below the Pfeifferhorn in the Wasatch Mountains. He marveled at the man's strength and hoped he could still move so well at that age. At the time I could not picture my dad as a 68-year-old man. It really won't be long, now.

 Dad's nerve pain seemed to stay away, and we moved at a steady clip past Phantom Ranch and through the box canyon towering over Bright Angel Creek. Even on cool days, this spot is often an oven. But the morning cloud cover remained, and temperatures stayed stunningly mild for September. I don't think it was ever much hotter than 70 degrees.

We planned our usual lunch spot at Ribbon Falls, a mile-long diversion from the main trail. Signs at Phantom Ranch indicated the bridge was out, so we cut across the canyon early and made our way through a tangle of tamarisk and the creek crossing. My Dad and I make a humorous team when it comes to off-trail navigating, but he found a way across and did not get his feet wet. I was not so lucky, but then again I was mostly worried about falling on my bad wrist, so I was not really trying.

 The sun stayed away for most of the day, but it came out briefly at lunch time, just long enough to provide a warm spot to sit on the rocks beside the falls, and enjoy the sparkle of cascading water over brilliant green moss.

 We continued up the canyon and caught a view of the broken foot bridge. It was really broken. I couldn't fathom the kind of flash flooding that would have to occur to cause that amount of damage to a sturdy bridge that had been in place for years, well before my first trip down the Canyon. I wondered if anyone was around to see it happen.

 Then it was just up and up and up, on this perfectly cool afternoon with continuing beautiful light at a relaxed but steady clip. We speculated on our fastest crossing, so of course I went home and combed through past data. This was our second-fastest trip since I started Strava'ing (2011), with a moving time of 7:31. Our fastest was the second crossing in 2016, but that included no faffing around to cross the stream or a side trip to Ribbon Falls. I have my good years and not-so-good years, but Dad seems to only become stronger — especially now that he spends so much of his time hiking. Someday we may end up on a R2R2R "run" of this canyon, but I mostly doubt it. Dad seems to be all about the love and the enjoyment, with only the tiniest bit of pride about performance. I think his friend Chad nearly has him talked into a 50K, though.

One of my favorite aspects of traditions is the way time seems to stand still within them. Here in the Grand Canyon, surrounded by the expanse of light and shadow, cliffs carved by millennia and changing before our eyes, I still feel like that 25-year-old in her cotton tank top and New Balance road shoes, eyes wide and heart fluttering. I have no doubt I'll feel the same when I'm 50, if I make it that far. 


US, UK, and Canada on Universal Basic Income   

R.J. Reinhart at Gallup:
A recent survey by Gallup and Northeastern University finds a slight majority of Americans opposed to a universal basic income (UBI) program as a way to support workers displaced by AI adoption. Conversely, about three-fourths of residents in the U.K. and Canada favor the idea.
These findings come from a Gallup/Northeastern survey of over 10,000 adults in Canada, the U.K. and the U.S. conducted from April to June 2019. By some estimates, up to 50% of jobs are expected to be automated within the next decade. An OECD study across 21 countries suggests that while only 9% of jobs are currently at high risk of automation, low-skilled workers are most vulnerable to job displacement.
The way that colleges, universities, governments and businesses can respond to this disruption is the topic of a recent report by Gallup and Northeastern University detailing the results of the three-country survey. The probability-based survey was conducted online with 4,394 Americans, 3,049 Canadians and 3,208 U.K. adults.
In the survey, UBI was defined for respondents as a government-instituted program that would provide every adult with a specific amount of money each year. These funds would serve as income support for people who lose their jobs or occupations because of advances in artificial intelligence. UBI programs have been endorsed by U.S. Democratic presidential candidate Andrew Yang, as well as high-profile business leaders such as Richard Branson and Mark Zuckerberg.
  • 43% of Americans support a universal basic income program
  • 77% of U.K. adults and 75% of Canadians also support UBI
  • Majorities in all three countries support taxing tech companies to fund it


Loan Officer - Partners United Financial - Casper, WY   

Obtain all information deemed necessary to process loan requests in a timely manner, including but not limited to credit reports, income verification,…
From Partners United Financial - Thu, 25 Oct 2018 00:24:23 GMT - View all Casper, WY jobs

Comment on IFRS 15 Revenue from Contracts with Customers – Summary by Silvia    

Hi Muhammad, I pointed you to this article because I have the same position to your case as I took in the article. Please bear in mind that tax rules can differ from the IFRS rules and yes, although it is not a sale (just swap under IFRS 15), you might need to pay income taxes in line with your tax legislation. Thus I believe you should negotiate this with your tax authorities.

Comment on 018: How to account for income from loan application fees? by Hussein    

Hello Sliva, Thanks, i do have a question what if my company made an early settlement for Part of the loan, what should we do with the loan Upfront fees?! 1.should it be amortized over the remaining loan period or, 2.should it be treated as prorate of the remaining balance of lone. Much appreciated Hussein

Comment on How to Choose A Debt Payoff Strategy by Claudia    

I think both methods are great but what if you are only able to just pay off the minimum, would the snowball method be a better option first and then change to the avalanche once I get pay off the smaller balances. I don’t think I have leftover income to pay extra by using the avalanche method. It seems like I’m stuck paying the minimum only. What I should do?

Precision Optics reports positive Q4 and 2019 results    

Significantly improved sales enhanced by income from acquisition of Ross Optical, which grew customer base and defense sector capabilities.

Checking in on the state of ISAs   

Income share agreements (ISAs) rose to public awareness this year — if measured in press articles and discussion on “VC Twitter” — after several years of niche experimentation among a small community of education advocates. An ISA in a financing model where the student participates in an education program without paying tuition, then pays a […]

From 'Joker' to 'Hustlers' to 'Parasite,' filmmakers explore the gap between the haves and have-nots   


In a range of fall releases, including "Joker," "Parasite," "Hustlers" and "Knives Out," major movies take on issues of class and income inequality


UBS Financial Services Censured & Fined $2,000,000   

FINRA Sanctions UBS Financial Services involving Municipal short positions According to the public records on FINRA’s website, on October 2, 2019, the regulator reportedly sanctioned UBS Financial Services with a censure and a $2,000,000 fine for “repeated failures” with representing municipal short positions in a timely way and for allegedly inaccurately reporting the tax status of thousands of interest payments to customers. The regulator also reportedly required UBS to pay restitution to customers who may have incurred any increased state tax liabilities, to pay the IRS to relieve customers of any additional federal income tax owed, and to certify within 90 days that the firm has taken appropriate corrective measures. According to the AWC, FINRA purportedly sanctioned UBS for similar alleged failures in this area in August 2015. According to FINRA, when a brokerage firm is short municipal securities purchased by customers, the firm is the source of the…

CFPB continues to target pension advance products structured as purchases   

The CFPB and the South Carolina Department of Consumer Affairs have filed a lawsuit in federal district court in South Carolina against two companies and their individual owner that alleges the defendants violated the Consumer Financial Protection Act and the South Carolina Consumer Protection Code (SCCPC) by brokering high-interest loans to consumers that were marketed as purchases of the consumers’ future pension or disability payments.  The complaint alleges that the majority of the transactions involved veterans with federal disability pensions or other pensions issued to veterans.  It also alleges that the defendants assessed the creditworthiness of consumers before entering into the transactions and allowed consumers to repay the contracts from sources other than the contracted-for income streams. The complaint alleges that the defendants violated the CFPA by: Misrepresenting to consumers that the brokered contracts were valid and enforceable when, in…

Martha's Vineyard Woman Pleads Guilty to Embezzling Over $3 Million   

Former executive assistant at Waltham-based technology company...
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BOSTON – The former executive assistant of a Waltham-based technology company has been charged and agreed to plead guilty in connection with a fraud and embezzlement scheme that netted over $3 million.

Shivani Patel, 38, of Vineyard Haven, was charged with bank fraud, money laundering and filing false tax returns. A plea hearing has not yet been scheduled by the Court. According to the terms of the plea agreement, the government will recommend a sentence of 57 months in prison, three years of supervised release, a fine between $20,000 and $200,000, restitution and forfeiture. 

According to court documents, as an executive assistant to the chief financial officer, Patel’s duties included retrieving incoming mail containing customer checks made payable to her employer, recording the checks into the payment system, and depositing the checks into her employer’s bank account. 

From at least February 2012 through July 2017, Patel embezzled approximately $3,076,369 from her then employer for her personal use. Specifically, in February 2012, Patel created a company with a name nearly identical to that of her then employer — i.e., using her employer’s name but just adding an “s” to the end — and opened a business banking account in the sham company’s name. Thereafter, Patel took customer checks payable to her employer from the mail, deposited those checks into the sham company’s bank account, and concealed her embezzlement by making false entries in her employer’s billing system. To disguise and conceal the nature of these funds, Patel funneled this money through multiple bank accounts.

In addition, Patel filed income tax returns for the tax years 2012 through 2016 in which she intentionally underreported her income by failing to disclose the money she had stolen from her employer. 

The charge of bank fraud provides for a sentence of up to 30 years in prison, five years of supervised release, a fine of $1 million, restitution and forfeiture. The charge of money laundering provides for a sentence of up to 20 years, three years of supervised release, a fine of $500,000 or twice the amount involved in the transaction, restitution and forfeiture. The charge of filing false tax returns provides for a sentence of up to three years in prison, one year of supervised release, a fine of $100,000, restitution and forfeiture. Sentences are imposed by a federal district court judge based on the U.S. Sentencing Guidelines and other statutory factors.

United States Attorney Andrew E. Lelling; Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division; and Kristina O’Connell, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigations in Boston, made the announcement today. Assistant U.S. Attorney Justin D. O’Connell of Lelling’s Securities and Financial Fraud Unit is prosecuting the case.

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