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Tuesday, May 18, 2010

Estate Planning in a Down Market

Wealth transfer is a huge issueopen your eye for those who expect their heirs will have to pay estate taxes at rates up to 45%. The tax code permits $3.5 million to be exempted from estate taxes, $1 million of which may be giventhe love of my life away before death as gifts. The estate tax is in play in Washington now. Under current rules, it disappears briefly in 2010, then returns with a lower exemption and a higher rate in 2011. But experts believe Congress will take action before the tax disappears and that the $3.5 million exemption is likely to remain.
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For 2009 you can give away up to $13,000 per beneficiary without having to pay taxes. (The $1 million lifetime limit applies to gifts abovecomputer key that yearly gift exclusion.) When asset values are depressed, as they are now, that gift-tax exclusion is more valuable. Consider: If you have 500 shares of Stock A thatno word traded at 100, with the gift-tax exclusion at $13,000, you would have been able to transfer only 130 shares before bumping up against the hefty tax. But if the shares have been knocked down by 40%, in line with the broader market, you can transfer 217 shares tax-free. The same thinking applies to getting the most out of the $1 million exemption. (The downside risk: If the stock keeps falling, you've used up part of your exemption for nothing.)

This is the simplest of all estate-planning moves for a down market. "You're trying to reduce the size of your balance sheet before you die," Weigandt says. "The question is, are you comfortable reducing your current assets to save your kids something on the estate tax? That question is harder now. But it's not all or nothing: You could take steps to give away heavily discounted assets in smaller increments."


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Thursday, May 6, 2010

House committee will look into recall of children's drugs after Tylenol recall

A congressional committee has launched an investigation into the problems that led to a massive recall of children's and infants' Tylenol and other widely used over-the-counter pediatric medicines, with lawmakers pledging to scrutinize the performances of both the drugmaker and federal regulators.
Reps. Edolphus Towns (D-N.Y.) and Darrell Issa (R-Calif.), the leaders of the House Committee on Oversight and Government Reform, said in a joint statement that they are "deeply concerned" about the recall, which affects an estimated 70 percent of the market for over-the-counter pediatric liquid medicines. It involves such brand names as Motrin, Benadryl and Zyrtec, in addition to Tylenol.
The pair pledged to ask "tough questions about the conditions of the manufacturing plant and controls put in place by the drug company's management, and about whether FDA's inspection and recall procedures were sufficient." They expect to schedule hearings in the coming weeks, they said.
The investigation comes a day after the Food and Drug Administration released documents compiled by federal inspectors who catalogued widespread quality control problems at the Pennsylvania facility where the recalled medicines were manufactured by McNeil Consumer Healthcare, a division of Johnson & Johnson.
At the McNeil plant, the FDA identified defects in quality-control methods and manufacturing processes, including a failure to track customer complaints and spot trends that may signal systemic problems, a lack of written procedures and a failure to adequately train employees.
The FDA began what it termed a 10-day "routine inspection" of the McNeil facility on April 19. On the last day of the inspection, last Friday, McNeil announced a voluntary recall of 43 types of Tylenol and other best-selling brand names made at the facility. It also suspended operations at the plant indefinitely.
Federal investigators found that raw materials had "known contamination" with unspecified bacteria and "were approved for use to manufacture several finished lots of Children's and Infant's Tylenol drug products."
FDA officials said Tuesday they could not identify the bacteria.
But McNeil said that the raw materials it used for finished products were tested and found free of contamination.
Towns and Issa said they hope their investigation will clarify the conflicting accounts.
McNeil has said some of the recalled medicines may have a higher amount of active ingredient, others may contain inactive ingredients that do not meet internal standards, and still others may contain black particles.
FDA inspectors said that McNeil first learned it had a problem with black particles in some of the medications when it began receiving consumer complaints last June but that the company failed to fully investigate the problem and correct it. McNeil received 46 complaints between June and last month.
Federal officials said no health problems have been linked to the recalled medicines, but that their investigation continues. They have advised parents and caregivers to stop using the recalled medicines and to switch to generic versions, which are not affected by the recall. Impossible made possible
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At Virginia, a Vigil and the First Attempts at Healing

On a night that was supposed to be a quiet one, with final exams just a day away, more than 1,500 students at the University of Virginia put down their books Wednesday and paid tribute to a fellow student killed this week.
An amphitheater was packed for an hour with students and administrators, some holding candles, all honoring the memory of Yeardley Love, the lacrosse player who was found dead in her apartment early Monday.
Another Virginia lacrosse player, George Huguely, has been charged with first-degree murder in connection with her death.
During and after the vigil, Love’s teammates and sorority sisters huddled together to weep and hug. None spoke to reporters. Some members of the men’s lacrosse team were there, too, with a few leaving early. But many students there were not close to her.
“I didn’t know her personally, but her death deeply affected the entire community because it was someone inside this community that killed her,” Michael Minneman, a 21-year-old junior, said at the vigil. “You wouldn’t think something like that would happen.”
Court documents released this week, though, gave details of how that fateful night unfolded. In an affidavit filed in support of a search warrant, Huguely, a 22-year-old senior from Chevy Chase, Md., told the police that he and Love, also 22, had recently ended a romantic relationship. He said he broke into her bedroom and attacked her, shaking her as her head repeatedly hit a wall. The police said Love’s head was badly bruised.
The two had been in physical altercations before, including at a party near campus this spring, according to two students who were there. Those students, both athletes at Virginia, said they did not want their names to be published for fear of retribution from their teammates, who have chosen not to speak to reporters.
Speaking at the candlelight vigil, John Casteen, the university’s president, urged students to use Love’s death as a valuable lesson. He said he hoped her death “inspires an anger and a sense of outrage” about violence.
“If your relationship is toxic, seek help,” he said as his voice cracked. “Don’t hear a scream, don’t watch abuse, don’t hear stories of abuse from a friend. Speak out.”
Three days after the death that shook this college town, students tried to return to their routines. Some hunkered down to write final papers or cram for tests, although Love’s teammates and friends could ask to postpone those tests, university officials said.
The men’s and women’s lacrosse teams announced Tuesday that they would continue their seasons, and they did so with the blessing of Love’s family, Athletic Director Craig Littlepage said. Both teams are awaiting seeding in the N.C.A.A. tournament on Sunday. The men are ranked No. 1, while the women are No. 5.
At the same time, Love’s body remained at the state medical examiner’s office in Richmond, where the autopsy was completed Tuesday and toxicology tests are pending. Only the cause and manner of death will be released, said Steve Murman, a district administrator at the medical examiner’s office. Her funeral is scheduled for Saturday in Baltimore, not far from her hometown, Cockeysville, Md.
Huguely, who was set to graduate this month, is in a Charlottesville jail. He is awaiting his next hearing, on June 10.
For Casteen, the entire incident is hard to take. He said at a news conference that there were “a number of gaps in this situation that concern” him. One of those was that the university had not been aware of Huguely’s 2008 arrest about 70 miles from here, for public swearing, intoxication and resisting arrest, until it was reported in the news media this week. The arresting officer said that Huguely threatened to “kill everyone” in the police department if he was arrested.
Casteen said he was startled to learn that universities were not automatically notified when one of its students had been arrested. From now on, he said, Virginia will be periodically checking a statewide database for any of its students, especially athletes, who are arrested and charged with a crime.
“We should be using it in a defensive way to protect our students,” he said.
Still, Huguely had no record of aggressive behavior or discipline issues at Virginia, university officials said.
“There is absolutely nothing in my office to indicate that there was any problems or conduct issues with Mr. Huguely,” said Allen Groves, the dean of students.
Littlepage also said no incidents had been reported to him. He said, “I think the information and communication gaps are things we have to examine.”
According to documents filed with the Charlottesville Circuit Court on Wednesday, which have since been sealed by a judge, the police have searched Huguely’s apartment since Love’s death. They found a University of Virginia T-shirt that was stained red, a letter to Love and various other items that may be used as evidence in the case against Huguely, according to a report on the Web site of The Charlottesville Daily Progress.
Among the items seized by the police were two laptop computers, a spiral notebook, two socks, a bathroom rug, a shower curtain, the apartment’s entryway rug, a pair of cargo shorts and a polo shirt, the newspaper said. Investigators also took DNA swabs from several places in the apartment, including from the bathtub and the kitchen’s trash can. Make yourself heard
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Sunday, March 14, 2010

CDMA repeaters

This platform can provide centralized management for CDMA repeaters of different types and manufacturers. Relying on the Unified Monitoring and Management Specification for CDMA repeater, the platform based on B/S network structure communicates with the repeater using point-to-point short message service, and implements the business logic, such as polling, configuration and alarm.This paper designed the software architecture of the CDMA repeater monitoring and management platform, and divided it into short message communication layer, equipment network management interface layer and business application layer. The paper put great effort into the study of the Unified Monitoring and Management Specification for CDMA repeater and Short Message Peer-to-Peer Protocol, and analyzed the interaction of short messages, the codec process of the Unified Monitoring Specification, and the process of monitoring business.

Monday, March 8, 2010

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Thursday, February 25, 2010

The Real Meaning of Peace

There once was a king who offered a prize to the artist who would paint the best picture of peace. Many artists tried. The king looked at all the pictures. But there were only two he really liked, and he had to choose between them. One picture was of a calm lake. The lake was a perfect mirror for peaceful towering mountains all around it. Overhead was a blue sky with fluffy white clouds. All who saw this picture thought that it was a perfect picture of peace.

The other picture had mountains, too. But these were rugged and bare. Above was an angry sky, from which rain fell and in which lightning played. Down the side of the mountain tumbled a foaming waterfall. This did not look peaceful at all.

But when the king looked closely, he saw behind the waterfall a tiny bush growing in a crack in the rock. In the bush a mother bird had built her nest. There, in the midst of the rush of angry water, sat the mother bird on her nest — in perfect peace.

Which picture do you think won the prize? The king chose the second picture. Do you know why?

“Because,” explained the king, “peace does not mean to be in a place where there is no noise, trouble, or hard work. Peace means to be in the midst of all those things and still be calm in your heart. That is the real meaning of peace.”

Collecting Valuable Information using Social Media

Certainly everybody understands that social media has become a very important public relations and advertising tool. In fact, one of the most powerful advantages of using social media is the ability it provides with regards to monitoring your brand. You can use search engines in Twitter or Facebook to find how many times your company has been mentioned. There have even been applications developed that will deliver this information in real-time to your desktop. However, this kind of information really only tells you about the visibility or reach of your brand without telling you anything about how people perceive your brand, use your brand, or feel about your brand. If you want more specific feedback, you have to get more proactive. Social media can be used to gather specific information from clients or potential clients about your business, new products and services, the effectiveness of marketing campaigns, and other issues. The following are a few ways that you can harness the power of social media to gather detailed information about your company.
Use your Website or Blog to Post a Survey Surveys have become commonplace on many websites. If you visit a news site you might see a survey about your favourite sports team or movie and in fact you can get quite a lot of information about site visitors with a survey. Indeed, feedback forms have evolved from the cards you get in restaurants, for example, to short surveys on websites and they can be easily adapted for use without any programming knowledge. One service that allows you to create any kind of form, including open-ended questions, multiple choice questions, or polls with radio buttons, is WuFoo. Once you create your survey it is easily embedded on your website or blog with a simple cut and paste function. Moreover, you can log into your WuFoo account where you get immediate reports on the outcomes of your questionnaire or survey and you can even update your polls as you go.

Create a Facebook Poll Many businesses nowadays are aware of the impact of a Facebook page. With millions of users around the world, Facebook represents one of the easiest ways to reach a wide audience quickly. If your company or brand uses a Facebook page, you can add applications to keep your "friends" engaged and interested in your brand. By adding applications like polls to your Facebook page, your friends are not only giving you some information but they are also communicating their interest in your brand to other friends. This means, you not only have an excellent opportunity to gather information but you can increase your audience as well.

Twitter Polls Using Twitter allows you to share links to your webpage or blog and likewise to any polls you may have posted. Once you have used a service like WuFoo you probably want to attract as many people to the poll as possible. Sending out a link to your poll on Twitter allows you to bring your Twitter audience to your web page and subsequently gather information from them. In addition, there are even feedback applications that have been designed specifically for Twitter. This gives you immediate information. All you need to do is set up your account with a company like PollDaddy, create your question or pole, and then questions are automatically tweeted to your followers. Likewise, TwtPoll, is another Twitter polling service that has a built-in feature that allows respondents of your poll to further tweet the poll question to their followers. This vastly expands the size of your audience and gives you more realistic information about the perception of your brand (really, if you always ask your followers what they think, you might not get the most honest feedback...imagine what would have happened with Vista if Microsoft only polled people who love Vista).

Don't Forget YouTube Posting a YouTube video comes with two major advantages. First, you can reach a wide audience with whom you can share your company and brand information. YouTube is becoming more and more popular and because it's free it can be a great place to expand your brand's reach. In addition, YouTube allows for more detailed responses to your brand. YouTube users can watch your video and share detailed comments about what they think and feel about it. Also, you can cross-link between your video and your webpage or blog thereby increasing traffic to your website and to your video so you gather more information from more users.

Be Responsible Social media provides businesses with low-cost and efficient solutions for gathering information from customers. You can easily post information about upcoming products or services and you can inform a large audience about your brand. Conducting market research has never been easier but there are some drawbacks that come from using social media to conduct market research. Namely, using social media means you are putting information out on an open platform that almost anybody can access. For example, imagine your company has been working for years on a revolutionary new product and you want to ask your customers what they think. Posting a poll on Facebook means that everybody can access information about this new product and you are essentially broadcasting sensitive information to your competitors. As such, social media market research should be designed carefully as to help you gather the information you need without unveiling the details of your market strategy.Moonrise Productions is a full services web design company offering complete design services, social networking website development, ecommerce development and more. With New York, San Diego, San Francisco and a Los Angeles presence no matter where you are, we've got people to serve you.


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