Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content


  • Posts

  • Joined

  • Last visited

Profile Information

  • Gender
    Not Telling
  • Location
  • Interests and

    "14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land." 2 Chronicles 7:14 (King James Version (1769) with Strongs Numbers and Morphology)

p71rock's Achievements


Newbie (1/14)



  1. umm!!! yor math is worng if the 5,000 is replaced with the new 5. Then that 5 x3 = 15 us. so the old 5,000 would then equal $15,000 US.
  2. Big Banks Craft 'Living Wills' In Case They Fail Published: Wednesday, 27 Jun 2012 By: Reuters Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations. The plans, known as living wills, are due to regulators no later than July 1 under provisions of the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts by the government. The living wills could be as long as 4,000 pages. Since the law allows regulators to go so far as to order a bank to divest subsidiaries if it cannot plan an orderly resolution in bankruptcy, the deadline is pushing even healthy institutions to start a multi-year process to untangle their complex global operations, according to industry consultants. "The resolution process is now going to be part of the cost-benefit analysis on where banks will do business," said Dan Ryan, leader of the financial services regulatory practice at PricewaterhouseCoopers in New York. "The complexity of the organizations will shrink." JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley are among those submitting the first liquidation scenarios to regulators at the Federal Reserve and the Federal Deposit Insurance, according to people familiar with the matter. The five firms, which declined to discuss their plans for this story, have some of the biggest balance sheets, trading desks and derivatives portfolios of financial institutions in the United States. US Banks Face $60 Billion Capital Shortfall 15 Major Investment Banks See Ratings Cut by Moody's Great Britain and other major countries are imposing similar requirements for "resolution" plans on their big banks, too. The liquidation plans are coming amid renewed questions about the safety of big banks following JPMorgan's stunning announcement last month that a trading debacle has cost it more than $2 billion - a sum far too small to endanger the bank, but shocking enough to bring back memories of the financial crisis. A Nod To Glass-Steagall If the extensive planning and review process works as proponents hope, big banks will become less hazardous to the public and regulators will be more confident that they can let wounded institutions die without wrecking the economy. In congressional hearings earlier this month, JPMorgan CEO Jamie Dimon said that the bank's contingency plan for going out of business would let it fail without cost to taxpayers. Living wills reduce the systemic risk of a big bank failing, Dimon said. The living will requirement could actually yield similar results to restoring Glass-Steagall without actual re-enactment of the Depression-era la ws se parating commercial banking from investment banking, former FDIC Chairman Sheila Bair told Reuters TV earlier this month. Bair said regulators may determine that for a liquidation plan to work, a bank must separate traditional banking and insured deposits into subsidiaries set apart from volatile securities trading and securities underwriting. The rules push banks to untangle their complex structures, which can include thousands of legal entities, and which, in Bair's opinion, have effectively blocked proposals for breaking up the corporations. Whether the Fed and the FDIC would actually force any banks to sell businesses or cordon off insured deposits remains to be seen, cautioned Richard Herring, a banking professor at the University of Pennsylvania. "We don't know if they will have the guts to do it, but the tools are there," said Herring, a leading proponent of living wills for more than a decade, who was appointed to an FDIC advisory panel on the plans. Herring worries , too, that the plans will be so long and complex that they will overwhelm the staff at the agencies. Still, that the plans are being written at all is progress, Herring said. Plan For Two Ways To Die Under the Dodd-Frank Act, banks and regulators must imagine liquidations in two different ways. The first is through bankruptcy courts with banks negotiating with their creditors. This is the going-out-of-business method planned in the living wills due July 1. The living wills must include how subsidiaries in foreign jurisdictions will be liquidated. The second way is through a new kind of liquidation process in which the FDIC takes control of putting a financial giant down. Th is method has more flexibility than is allowed in bankruptcy courts, but still uses critical information collected in the banks' living wills, such as where exactly to find collateral. The new rules stagger deadlines for the banks to file plans, depending on their size and complexity. Nine banks will file first, including five based in the United States and four owned abroad. Regulators have declined to name the nine banks included in the first round. Other large banks will have until July and December of next year to hand in their plans, according to the FDIC. Eventually about 124 banks are expected to submit plans, according to the FDIC. There are about 7,300 banks in the United States. Regulators and the big banks have been meeting since January on what the plans are expected to include. Fed and FDIC officials have said they expect the back-and-forth to continue once the plans have been submitted. The rules give the banks a series of chances to refine their plans. But if banks cannot come up with feasible liquidation plans, regulators could order the banks to get rid of businesses. Government intervention is a last resort, said John Simonson, the FDIC's deputy director of Systemic Resolution Planning and Implementation in the Office of Complex Financial Institutions. "I think a lot of progress can be made in having these firms make themselves more resolvable before you get to that point of actually imposing those severe remedies," Simonson said. The regulators will want to see evidence that the banks can safely resolve their debts and transfer vital customer services and assets to healthy institutions. The plans could easily be 2,000 or 4,000 pages long, depending on the complexity of the banks, said Ryan of PricewaterhouseCoopers. The plans include "very granular detail" about bank operations, he noted, adding that "in many cases, this is a large documentation exercise." For example, the banks must spell out plans for hiring lawyers and contacting regulators in key countries. The rules for crafting the living wills are 74 pages long, including an explanatory supplement. The plans could even include drafts of press releases showing how the banks would announce that they are going out of business, Herring said. The plans are to include summaries for the public, but most of the data will be kept confidential at the request of the banks concerned about revealing trade secrets, according to the rules. The FDIC has not said when the summaries would be released. The regulators estimated it will take all of the 124 banks combined about 1.3 million hours of work to write their initial plans, and each year afterwards, 267,544 ho urs to keep them up to date. A 4 0-hour work week for a single employee equals 2,080 hours a year. ref: My link
  3. Just received this email - IT related Iraq: Fully Connected or Digitally Isolated? Wednesday, June 20, 2012 Article: Find Out About Iraq's IT Sector Survey: What Are Your Perceptions On Iraq? Iraq IT Overview - What Do You Think? When businesses talk of Iraq, the word you will here is always 'potential.' But how much of that potential is being realized in the IT sector? How many people are on the internet? How many have mobiles? Do businesses have a website or email? This blog looks at a country still finding its feet in the digital world, and looks at a youth who are wirelessly connected and communicating. Find out more now. Iraq: Give us your views There's lots of talk about investment potential in Iraq, but up to date data from the ground is hard to come by. How do potential investors feel about what they've heard on Iraq? Answer our four question survey and let know about your views on whether it's about to take off. Take the survey now. Kind regards, Kasey Cassells e-Editor IDG Connect
  4. Bilderberg = Marco Rubio as Vice President
  5. May 31, 2012 Editor’s note: The Bilderbergers now post the participant list on their “official” website. In the past, moles inside the organization would release the secretive list to journalists, most notably Jim Tucker of the American Free Press. Bilderberg Meetings Chantilly, Virginia, USA, 31 May-3 June 2012 Final List of Participants Chairman FRA Castries, Henri de Chairman and CEO, AXA Group DEU Ackermann, Josef Chairman of the Management Board and the Group Executive Committee, Deutsche Bank AG GBR Agius, Marcus Chairman, Barclays plc USA Ajami, Fouad Senior Fellow, The Hoover Institution, Stanford University USA Alexander, Keith B. Commander, US Cyber Command; Director, National Security Agency INT Almunia, Joaquín Vice-President – Commissioner for Competition, European Commission USA Altman, Roger C. Chairman, Evercore Partners PRT Amado, Luís Chairman, Banco Internacional do Funchal (BANIF) NOR Andresen, Johan H. Owner and CEO, FERD FIN Apunen, Matti Director, Finnish Business and Policy Forum EVA TUR Babacan, Ali Deputy Prime Minister for Economic and Financial Affairs PRT Balsemão, Francisco Pinto President and CEO, Impresa; Former Prime Minister FRA Baverez, Nicolas Partner, Gibson, Dunn & Crutcher LLP FRA Béchu, Christophe Senator, and Chairman, General Council of Maine-et-Loire BEL Belgium, H.R.H. Prince Philippe of TUR Berberoğlu, Enis Editor-in-Chief, Hürriyet Newspaper ITA Bernabè, Franco Chairman and CEO, Telecom Italia GBR Boles, Nick Member of Parliament SWE Bonnier, Jonas President and CEO, Bonnier AB NOR Brandtzæg, Svein Richard President and CEO, Norsk Hydro ASA AUT Bronner, Oscar Publisher, Der Standard Medienwelt SWE Carlsson, Gunilla Minister for International Development Cooperation CAN Carney, Mark J. Governor, Bank of Canada ESP Cebrián, Juan Luis CEO, PRISA; Chairman, El País AUT Cernko, Willibald CEO, UniCredit Bank Austria AG FRA Chalendar, Pierre André de Chairman and CEO, Saint-Gobain DNK Christiansen, Jeppe CEO, Maj Invest RUS Chubais, Anatoly B. CEO, OJSC RUSNANO CAN Clark, W. Edmund Group President and CEO, TD Bank Group GBR Clarke, Kenneth Member of Parliament, Lord Chancellor and Secretary of Justice USA Collins, Timothy C. CEO and Senior Managing Director, Ripplewood Holdings, LLC ITA Conti, Fulvio CEO and General Manager, Enel S.p.A. USA Daniels, Jr., Mitchell E. Governor of Indiana USA DeMuth, Christopher Distinguished Fellow, Hudson Institute USA Donilon, Thomas E. National Security Advisor, The White House GBR Dudley, Robert Group Chief Executive, BP plc ITA Elkann, John Chairman, Fiat S.p.A. DEU Enders, Thomas CEO, Airbus USA Evans, J. Michael Vice Chairman, Global Head of Growth Markets, Goldman Sachs & Co. AUT Faymann, Werner Federal Chancellor DNK Federspiel, Ulrik Executive Vice President, Haldor Topsøe A/S USA Ferguson, Niall Laurence A. Tisch Professor of History, Harvard University GBR Flint, Douglas J. Group Chairman, HSBC Holdings plc CHN Fu, Ying Vice Minister of Foreign Affairs IRL Gallagher, Paul Former Attorney General; Senior Counsel USA Gephardt, Richard A. President and CEO, Gephardt Group GRC Giannitsis, Anastasios Former Minister of Interior; Professor of Development and International Economics, University of Athens USA Goolsbee, Austan D. Professor of Economics, University of Chicago Booth School of Business USA Graham, Donald E. Chairman and CEO, The Washington Post Company ITA Gruber, Lilli Journalist – Anchorwoman, La 7 TV INT Gucht, Karel de Commissioner for Trade, European Commission NLD Halberstadt, Victor Professor of Economics, Leiden University; Former Honorary Secretary General of Bilderberg Meetings USA Harris, Britt CIO, Teacher Retirement System of Texas USA Hoffman, Reid Co-founder and Executive Chairman, LinkedIn CHN Huang, Yiping Professor of Economics, China Center for Economic Research, Peking University USA Huntsman, Jr., Jon M. Chairman, Huntsman Cancer Foundation DEU Ischinger, Wolfgang Chairman, Munich Security Conference; Global Head Government Relations, Allianz SE RUS Ivanov, Igor S. Associate member, Russian Academy of Science; President, Russian International Affairs Council FRA Izraelewicz, Erik CEO, Le Monde USA Jacobs, Kenneth M. Chairman and CEO, Lazard USA Johnson, James A. Vice Chairman, Perseus, LLC USA Jordan, Jr., Vernon E. Senior Managing Director, Lazard USA Karp, Alexander CEO, Palantir Technologies USA Karsner, Alexander Executive Chairman, Manifest Energy, Inc FRA Karvar, Anousheh Inspector, Inter-ministerial Audit and Evaluation Office for Social, Health, Employment and Labor Policies RUS Kasparov, Garry Chairman, United Civil Front (of Russia) GBR Kerr, John Independent Member, House of Lords USA Kerry, John Senator for Massachusetts TUR Keyman, E. Fuat Director, Istanbul Policy Center and Professor of International Relations, Sabanci University USA Kissinger, Henry A. Chairman, Kissinger Associates, Inc. USA Kleinfeld, Klaus Chairman and CEO, Alcoa TUR Koç, Mustafa Chairman, Koç Holding A.Ş. DEU Koch, Roland CEO, Bilfinger Berger SE INT Kodmani, Bassma Member of the Executive Bureau and Head of Foreign Affairs, Syrian National Council USA Kravis, Henry R. Co-Chairman and Co-CEO, Kohlberg Kravis Roberts & Co. USA Kravis, Marie-Josée Senior Fellow, Hudson Institute INT Kroes, Neelie Vice President, European Commission; Commissioner for Digital Agenda USA Krupp, Fred President, Environmental Defense Fund INT Lamy, Pascal Director-General, World Trade Organization ITA Letta, Enrico Deputy Leader, Democratic Party (PD) ISR Levite, Ariel E. Nonresident Senior Associate, Carnegie Endowment for International Peace USA Li, Cheng Director of Research and Senior Fellow, John L. Thornton China Center, Brookings Institution USA Lipsky, John Distinguished Visiting Scholar, Johns Hopkins University USA Liveris, Andrew N. President, Chairman and CEO, The Dow Chemical Company DEU Löscher, Peter President and CEO, Siemens AG USA Lynn, William J. Chairman and CEO, DRS Technologies, Inc. GBR Mandelson, Peter Member, House of Lords; Chairman, Global Counsel USA Mathews, Jessica T. President, Carnegie Endowment for International Peace DEN Mchangama, Jacob Director of Legal Affairs, Center for Political Studies (CEPOS) CAN McKenna, Frank Deputy Chair, TD Bank Group USA Mehlman, Kenneth B. Partner, Kohlberg Kravis Roberts & Co. GBR Micklethwait, John Editor-in-Chief, The Economist FRA Montbrial, Thierry de President, French Institute for International Relations PRT Moreira da Silva, Jorge First Vice-President, Partido Social Democrata (PSD) USA Mundie, Craig J. Chief Research and Strategy Officer, Microsoft Corporation DEU Nass, Matthias Chief International Correspondent, Die Zeit NLD Netherlands, H.M. the Queen of the ESP Nin Génova, Juan María Deputy Chairman and CEO, Caixabank IRL Noonan, Michael Minister for Finance USA Noonan, Peggy Author, Columnist, The Wall Street Journal FIN Ollila, Jorma Chairman, Royal Dutch Shell, plc USA Orszag, Peter R. Vice Chairman, Citigroup GRC Papalexopoulos, Dimitri Managing Director, Titan Cement Co. NLD Pechtold, Alexander Parliamentary Leader, Democrats ’66 (D66) USA Perle, Richard N. Resident Fellow, American Enterprise Institute NLD Polman, Paul CEO, Unilever PLC CAN Prichard, J. Robert S. Chair, Torys LLP ISR Rabinovich, Itamar Global Distinguished Professor, New York University GBR Rachman, Gideon Chief Foreign Affairs Commentator, The Financial Times USA Rattner, Steven Chairman, Willett Advisors LLC CAN Redford, Alison M. Premier of Alberta CAN Reisman, Heather M. CEO, Indigo Books & Music Inc. DEU Reitzle, Wolfgang CEO & President, Linde AG USA Rogoff, Kenneth S. Professor of Economics, Harvard University USA Rose, Charlie Executive Editor and Anchor, Charlie Rose USA Ross, Dennis B. Counselor, Washington Institute for Near East Policy POL Rostowski, Jacek Minister of Finance USA Rubin, Robert E. Co-Chair, Council on Foreign Relations; Former Secretary of the Treasury NLD Rutte, Mark Prime Minister ESP Sáenz de Santamaría Antón, Soraya Vice President and Minister for the Presidency NLD Scheffer, Paul Professor of European Studies, Tilburg University USA Schmidt, Eric E. Executive Chairman, Google Inc. AUT Scholten, Rudolf Member of the Board of Executive Directors, Oesterreichische Kontrollbank AG FRA Senard, Jean-Dominique CEO, Michelin Group USA Shambaugh, David Director, China Policy Program, George Washington University INT Sheeran, Josette Vice Chairman, World Economic Forum FIN Siilasmaa, Risto Chairman of the Board of Directors, Nokia Corporation USA Speyer, Jerry I. Chairman and Co-CEO, Tishman Speyer CHE Supino, Pietro Chairman and Publisher, Tamedia AG IRL Sutherland, Peter D. Chairman, Goldman Sachs International USA Thiel, Peter A. President, Clarium Capital / Thiel Capital TUR Timuray, Serpil CEO, Vodafone Turkey DEU Trittin, Jürgen Parliamentary Leader, Alliance 90/The Greens GRC Tsoukalis, Loukas President, Hellenic Foundation for European and Foreign Policy FIN Urpilainen, Jutta Minister of Finance CHE Vasella, Daniel L. Chairman, Novartis AG INT Vimont, Pierre Executive Secretary General, European External Action Service GBR Voser, Peter CEO, Royal Dutch Shell plc SWE Wallenberg, Jacob Chairman, Investor AB USA Warsh, Kevin Distinguished Visiting Fellow, The Hoover Institution, Stanford University GBR Wolf, Martin H. Chief Economics Commentator, The Financial Times USA Wolfensohn, James D. Chairman and CEO, Wolfensohn and Company CAN Wright, Nigel S. Chief of Staff, Office of the Prime Minister USA Yergin, Daniel Chairman, IHS Cambridge Energy Research Associates INT Zoellick, Robert B. President, The World Bank Group Rapporteurs GBR Bredow, Vendeline von Business Correspondent, The Economist GBR Wooldridge, Adrian D. Foreign Correspondent, The Economist http://www.ustream.t...prisonplanet-tv
  6. Is anyone have problem with you local bank Notary not wanting to notarize you gifting letter(s). my story - I went to my local 53 bank. Ask to have some documents notarized. At first the lady was polite and looked over the first couple of documents and notarized them. Then she changed her tune after reading a gifting letter and stated that she could NOT and would NOT notarize the gifting letters I had. For these did not seem to be in her jurisdiction and she did not believe in what was in the letter. Now on another note. I had helped a friend with here gifting letters for her family. she took the to here local Comerica bank and had no problem getting the taken care of.
  7. In my opinion this could be a last ditch effort by M to poise himself before the people looking better then he is. Note that the source is NOT a rep of the GOI or any leading body. Please not also that M government owns the media and is putting out more propaganda in my opinion.
  8. frank at his site is the cheapest out side of the banks and that I know of VND only has a top not at 500,000 not 1mill. ref: My link or My link
  9. Got these from a friends email When chemists die, they barium. Jokes about German sausage are the wurst. I know a guy who's addicted to brake fluid. He says he can stop any time. How does Moses make his tea? Hebrews it. I stayed up all night to see where the sun went. Then it dawned on me. This girl said she recognized me from the vegetarian club, but I'd never met herbivore. I'm reading a book about anti-gravity. I just can't put it down. I did a theatrical performance about puns. It was a play on words. They told me I had type-A blood, but it was a Type-O. PMS jokes aren't funny; period. Why were the Indians here first? They had reservations. We are going on a class trip to the Coca-Cola factory. I hope there's no pop quiz. I didn't like my beard at first. Then it grew on me. Did you hear about the cross-eyed teacher who lost her job because she couldn't control her pupils? When you get a bladder infection urine trouble. Broken pencils are pointless. I tried to catch some fog, but I mist. What do you call a dinosaur with an extensive vocabulary? A thesaurus. England has no kidney bank, but it does have a Liverpool. I used to be a banker, but then I lost interest. I dropped out of communism class because of lousy Marx. All the toilets in New York's police stations have been stolen. The police have nothing to go on. I got a job at a bakery because I kneaded dough. Velcro, what a rip off! A cartoonist was found dead in his home. Details are sketchy. Venison for dinner? Oh deer! The earthquake in Washington obviously was the government's fault. Be kind to your dentist. He has fillings, too. HAVE A GREAT DAY!!!! REG. FAILURE IS ONLY A TEMPORARY CHANGE IN DIRECTION TO SET YOU STRAIGHT FOR YOUR NEXT SUCCESS!!
  10. Ericsson could turn you into a human USB connection next year The Connected Me concept is Ericsson's latest attempt to get away from the perception that it's merely a telecom-equipment supplier. by Roger Cheng May 11, 2012 2:58 PM PDT Ericsson CEO Hans Vestberg (left) and Anders Stenkvist, manager of the company's mobile access platform, showing off the Connected Me concept at CES in January. (Credit: Ericsson) NEW ORLEANS--When Ericsson CEO Hans Vestberg used his Consumer Electronics Show keynote to demonstrate the company's Connected Me concept, which turns the human body into a bridge between gadgets, he was met with lackluster applause. Part of the problem was the audience didn't fully grasp what Vestberg was trying to show. He was on stage holding a smartphone in one hand and the sensor for an audio system in the other. The data signal shot through his body, playing an MP3 from the phone on the speaker system. In effect, he became a replacement for a USB cord or Bluetooth connection. People watching the presentation, however, were underwhelmed. The company showed it off at its giant booth at Mobile World Congress, and again this week at the CTIA Wireless show, where it largely went unnoticed. Related stories Who the heck is Plum anyway? Getting familiar with Plum devices (photos) An Evo LTE-eye view of New Orleans (photos) CTIA 2012 sees Android Ice Cream Sandwich take root Unnecto targets frugal shoppers with budget smartphones But the project has fairly wide applications beyond turning a person into a human stereo system. People can shake hands and exchange digital business cards. Or you can tap your printer and have print out your document. Surprisingly, Ericsson is bullish about the technology, and Chief Marketing Officer Arun Bhikshesvaran believes it could go commercial as soon as next year. Connected Me is just one of many projects that Ericsson has fostered over the years. It has been on a campaign to re-brand itself as more than just a supplier of telecommunications and wireless equipment. From its work with developers to its various media content services, the company has tried to establish itself as a cutting-edge company on par with any on Silicon Valley. "Base stations are what people know of Ericsson," Bhikshesvaran said. "But at the end of the day, we're all about connecting people." Connected Me evolved out of another project that was shown off at CES -- the tweeting tree. Ericsson wired up a tree with radio gear and proximity sensors and set it up to tweet messages about the weather or its "mood," depending in part on whether anyone was touching it or even just standing nearby. That ability to sense people was the basis for the idea of transferring data through a human body. Since human bodies consist largely of water, there's enough conductive material to act as a conduit. An Ericsson representative said the process transmits less electricity than the human body already holds. The company is looking at different applications. Bhikshesvaran said the company was exploring the notion that it could end up being a new biometric footprint, since bodies all possess a unique energy signature. The company hasn't quite figured that one out yet. Or, he added, the technology could be paired with a fingerprint reader: tap the screen with your finger to confirm identification, and have the data shot through your body to your phone. It sounds far-fetched, but Connected Me could come to you sooner than you think. With the proof of concept already out, Ericsson is talking to a number of potential equipment makers about getting this technology into their devices, Bhikshesvaran said. Initially, the company is looking at the smartphone, PC, television, and printer industries as logical adopters. While there's interest, Bhikshesvaran wouldn't comment on whether any companies have committed to the technology. Overall, it could take 12 to 18 months to get a product out. Ericsson, meanwhile, benefits from the potential to license the technology, sell more equipment, generate traffic, and gets the company closer to its vision of the "connected society." It could also mean one less cord for you to carry around. --------- Is this another form of the mark of the breast... You decide! My link
  11. ‘Amazon tax’ is thrown out by a Chicago-area judge The Illinois law tied online sales tax collection to affiliate marketing. Thad Rueter Senior Editor Topics: Affiliate marketing, Amazon, Commerce Clause, Cook County,, e-commerce, e-commerce taxes, Illinois, Internet Tax Freedom Act, legal and regulatory, Main Street Fairness Act, nexus, online sales taxes, Overstock, Performance Marketing Association, physical presence, Rebecca Madigan, sales tax, Scott Kluth, Top 500 An Illinois law mandating online sales tax collection by e-retailers that maintain affiliates in the state was thrown out Wednesday by a Cook County Circuit judge. Judge Robert Lopez Cepero ruled that the Main Street Fairness Act, enacted in March 2011, was invalid because e-retailers do not create a physical presence, or nexus, in the state simply through affiliate marketing relationships. Affiliate marketing refers to the practice of web site publishers such as blogs earning a cut of purchases from Inc. and other retailers made via product links on the smaller sites. Federal law allows tax collection only from online retailers that have a physical presence in a certain state; generally, this has been interpreted as such operations as stores, offices and warehouses, a view reinforced by Wednesday’s ruling. The Illinois law and similar laws passed in other states attempt to widen what constitutes that physical presence. The state’s Department of Revenue has estimated that collecting sales taxes under the levy, which was commonly called an Amazon tax because of the retailer’s prominence and large affiliate network, would bring in up to $170 million annually. State law already requires consumers to voluntarily remit such taxes to the state, but few shoppers do. Related Articles / Legal/Regulatory Barnes & Noble owes sales tax for online sales / Legal/Regulatory Amazon strikes a tax deal with Nevada / Affiliate Marketing The future of affiliates is about how you treat them Cepero on Wednesday also said the Illinois law violates the 1998 Internet Tax Freedom Act, which generally prohibits certain types of taxes on web use and transactions until Nov.1, 2014, as well as the U.S. Constitution’s Commerce Clause, which gives the federal government oversight of interstate commerce. The Department of Revenue was the defendant in the case. “We respectfully disagree with the court's ruling and are reviewing our appeal options with the Attorney General’s office,” says a spokeswoman for the revenue department. “We need to protect brick-and-mortar stores from an unlevel playing field.” The California-based Performance Marketing Association was the plaintiff. The trade group for affiliate marketers argued that the Illinois law was “premature,” given the 2014 moratorium under the Internet Tax Freedom Act. “We are thrilled with the outcome of today’s proceeding and believe it paves the way for Internet marketing affiliates to get back in business in Illinois,” says Rebecca Madigan, the group’s executive director. “We commend Judge Cepero for his timely and thoughtful decision.” The trade group estimates that 1,000 out-of-state retailers severed their ties with Illinois affiliates after the law was enacted, and that 9,000 affiliates were affected. “We do expect an appeal,” she says. “Our attorneys indicated this may go straight to the Illinois Supreme Court, since we won on constitutional grounds. Neither Amazon nor the state’s Department of Revenue immediately responded to requests for comment. Such laws in Illinois and other states have moved retailers such as Amazon, No. 1 in the Internet Retailer Top 500 Guide, and Inc., No. 27, to cut ties with affiliates rather than run the risk of having to remit taxes for online purchases. Online discount provider, which provides digital coupons that would be subject to taxes under the state’s law, was based in Illinois but moved to Indiana because that state had no similar law. “This ruling places the responsibility for a solution back where it belongs: in Congress,” says CEO Scott Kluth. “CouponCabin continues to strongly support a federal solution to the taxation of all online transactions.” Stephen Kranz, partner at Sutherland Asbill & Brennan LLP, will discuss the online tax issue at the Internet Retailer Conference & Exhibition 2012 in Chicago in June in a session titled “The new urgency for developing a state sales tax strategy.”
  12. He said in a statement to NINA today: "Kurdistan region is unable to buy any weapon without the knowledge of the federal government, because there is one defense minister in the federal government is responsible for the arms deals." <<< My question is "WHERE IS THIS MINISTER? --- WE HAVE BEEN WAITING FOR OVER TWO YEARS."
  13. IT Just another Comie / Lib / Socialists wanting part or all of the wealth to be shared with their group(s). So as you read above this man want laws making them share their wealth. Since that a being smart and investing for them selves and not the government or politico(s).
  14. Currency Code Sell Buy US dollarUSD1166.0001164.000 EuroEUR ----- ----- British poundGBP1851.3751850.449 Canadian dollarCAD1169.2741168.689 Swiss francCHF ----- ----- Swedish kronaSEK ----- ----- Norwegian kroneNOK ----- ----- Danish kroneDKK ----- ----- Japanese yenJPY 14.31014.303 Special Drawing RightsSDR1793.8791792.982 Indicative rates - 10.04.2012 I Hope this means something...
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.