শনিবার, ২ ফেব্রুয়ারি, ২০১৩

The investment tax plan: implications for lower rates on capital gains?

House Ways and Means Committee Chairman Dave Camp's investment tax plan?implicitly challenges our most basic and firmly held beliefs about why we tax investment gains the way we do, Sanchirico writes.

By Chris Sanchirico,?Guest blogger / January 31, 2013

Speaker of the House John Boehner, left, and House Ways and Means Committee Chairman Dave Camp confer as they leave a closed-door meeting of House Republicans at the Capitol in Washington. Camp has proposed requiring most derivatives investors to pay tax on their annual returns even if they don?t realize their gains by selling their securities, Sanchirico writes.

J. Scott Applewhite/AP/File

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House Ways and Means Committee Chairman Dave Camp (R-MI) has?proposed?requiring most derivatives investors to pay tax on their annual returns even if they don?t realize their gains by selling their securities. This proposal, which requires investors to mark-to-market the value of financial derivatives, has ramifications far beyond the heady world of high-tech finance. It implicitly challenges our most basic and firmly held beliefs about why we tax investment gains the way we do.

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Camp?s plan raises two key questions: First, should mark-to-market be required for all investment assets, not just derivatives? Second, does his proposal fracture one of the main justifications for taxing long term capital gains at roughly half the rate on ordinary income?

Ask most tax experts why, in a nutshell, rates should be lower for capital gains, and you?re liable to get a mini-lesson on the ?lock-in effect.? There?ll be other reasons too. But the lock-in effect is going to be pulling some serious weight.

What the lock-in effect is and how it relates to mark-to-market?and why Camp?s proposal calls it into serious question?is best explained by way of analogy.?

Four questions that will be answered by UFC 156

UFC 156 is the UFC's annual Super Bowl weekend card, and as usual, it's a big one. A former champion will drop down to try to win a belt in a new weight class, a Strikeforce champion will try to win a shot at the UFC heavyweight belt, and these questions will be answered.

What have the layoff and injuries done to Jose Aldo? By the time he walks into the cage on Saturday night, it will have been 385 days between Aldo's fights. He had several injuries and had bouts canceled twice. It's hard to say if we'll see the invincible Aldo who fought Chad Mendes last January.

How does the new weight class suit Frankie Edgar? Since starting as a lightweight, Edgar has had doubters because he was on the small side for 155 lbs. It worked for him, as he did win and defend the UFC lightweight championship. Now that he's lost it, he's trying again for the belt at 145 lbs. Will the new weight class fit him even better than lightweight did?

Did Alistair Overeem look past Antonio Silva? At the pre-fight press conference, Overeem called the bout with Silva a warm-up fight.

"Obviously I've not fought for 13 months, so it's going to be a good test for me," Overeem said. "I should not overlook 'Bigfoot' Silva, but if I look at my training and what I do to my sparring partners, I should not make 'Bigfoot' Silva more than he is. He should not be a problem, but that's why it's a warm-up fight."

That's dangerous ground to tread, as looking past the man who is about to punch you makes it lightly you'll get knocked out. Overeem should beat Silva, but the one way he can lose is to not take Silva seriously.

Can Jon Fitch use his wrestling to neutralize Demian Maia? You may not like to watch Fitch's matches. You may have used the words "lay and pray." But you cannot deny Fitch's ability to use his wrestling to hold off opponent's strengths. This time, he'll be using it against Maia, whose submissions and jiu-jitsu are tough to beat. This is Fitch's chance to show he can hold off even the best ground games.

What are you most looking forward to for UFC 156 -- or are you not looking forward to it at all? Speak up in the comments, Facebook or Twitter.

Source: http://sports.yahoo.com/blogs/mma-cagewriter/four-questions-answered-ufc-156-183941245--mma.html

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Stalingrad get names back on days marking battle

MOSCOW (AP) ? The southern Russian city where the Red Army decisively turned back Nazi forces in a key World War II battle will once again be known as Stalingrad, at least on the days commemorating the victory, the regional legislature declared Thursday.

The city was renamed Volgograd in 1961 as part of the Soviet Union's rejection of dictator Joseph Stalin's personality cult. But the name Stalingrad is inseparable with the historic battle, which was among the bloodiest in history with combined losses of nearly 2 million people.

Regional lawmakers' decision to use the historic name in city statements on Feb. 2, the day of the Nazi defeat, as well as several other war-related dates each year, has angered many in Russia where Stalin's name and legacy continues to cause fiery disputes nearly 60 years after his death.

Russia's human rights ombudsman Vladimir Lukin sharply criticized the move, saying it should be declared void by court.

"This is an insult of the memory of those who died," he said, according to the Interfax news agency.

Nikolai Levichev, a senior federal lawmaker with the leftist Just Russia party, condemned the restoration of the old city name, saying "it's blasphemous to rename the great Russian city after a bloody tyrant who killed millions of his fellow citizens." Levichev added that the country won the war "despite rather than thanks to" Stalin's leadership, whose errors multiplied the Soviet losses.

Stalin led the Soviet Union from 1924 until his death in 1953. Communists and other hardliners credit him with leading the country to victory in World War II and making it a nuclear superpower, while others condemn his brutal purges that killed millions of people.

President Vladimir Putin, a former KGB officer, has avoided open public praise or criticism of Stalin, but he has restored Soviet-era symbols and tried to soften public perceptions of the dictator. Kremlin critics have seen attempts to whitewash Stalin's image as part of Putin's rollback on democracy.

In recent years, many in Russia were outraged by government-sponsored school textbooks that painted Stalin in a largely positive light and the reconstruction of a Moscow subway station that restored old Soviet national anthem lyrics praising Stalin as part of its interior decoration.

In addition to the Volgograd legislature's move to restore the old name of the city, authorities in Volgograd, St. Petersburg and the Siberian city of Chita ordered images of Stalin to be put on city buses on Feb. 2 to commemorate the historic battle.

Yan Raczynski of Memorial, a leading Russia's human rights group, was quoted as saying by Interfax that the authorities' moves highlighted the nation's failure to "legally and politically recognize the crimes committed by the Bolshevik regime, particularly Stalin and his inner circle."

In turn, communists said the decision to restore the name of Stalingrad for just a few days each year is just a half-step. Communist lawmakers met with World War II veterans and sent a letter to Putin urging the government to fully rename the city, the party said in a statement.

On Saturday, Russia plans extensive ceremonies to mark the 70th anniversary of the battle, which raged for half a year in 1942-43 with the Red Army resisting the Nazi onslaught in fierce street fighting and then encircling and capturing more than 100,000 Nazi soldiers.

___

Jim Heintz contributed to this report.

Source: http://news.yahoo.com/stalingrad-names-back-days-marking-battle-153244121.html

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শুক্রবার, ১ ফেব্রুয়ারি, ২০১৩

'BATTLESTATIONS!': Call-in war over Boy Scouts' gay ban

Lm Otero / AP

A statue in front of the National Scouting Museum in Irving, Texas, on Monday.

By Miranda Leitsinger, Staff Writer, NBC News

?BATTLESTATIONS!? ?The phones are ringing off the wall.? ?Good turn for the day. (takes less than one minute).?

These are the battle cries made by advocates on both sides of the debate over allowing gays into the Boy Scouts. They are urging their supporters to call or email the private youth organization as it weighs lifting its longstanding, controversial ban, with a vote expected next week.

The new policy, now under discussion, would revise the national organization?s rules to allow local sponsoring organizations to decide for themselves whether to admit gay scouts and leaders. If approved, the change could be announced as early as next week, after the Boy Scouts of America's national board holds a regularly scheduled meeting.

On the Facebook page for George Takei, known for his role as Mr. Sulu in Star Trek, he urged those wanting to end the ban to hit their ?BATTLESTATIONS!? and to ?Takei Stand.? He gave supporters a step-by-step guide, telling them to call, say they were for the change, and then to like and share the message. ?As of Thursday afternoon, more than 56,000 people had liked his status and 41,000 had shared it, while another 6,000 left comments.

?Let's FLOOD their lines with thousands of calls. (Believe me, the other side's busy, too...),? he wrote.

And indeed, they were.?The Family Research Council, which supports maintaining the ban, noted in an appeal to its supporters on its website: ?The phones are ringing off the wall.?

?If you've tried to get through to the Boy Scouts of America (BSA), you know it's been tough. If you've wanted to express your concern about the BSA abandoning their longstanding policy of safeguarding Scouts by restricting openly homosexual Scout leaders from holding leadership positions, you may have been greeted by an endlessly ringing phone. This may be one instance in which the Boy Scouts were not prepared,? for what the council said was the response of thousands of Americans opposed to the change.

It then listed the numbers for each of the BSA?s board members and provided a sample phone script for supporters to read. On the council?s Facebook page, a similar post had received nearly 3,900 likes and more than 2,800 shares plus 800 comments.

After years of heartache, gay Scouts and supporters react warily over proposal to lift ban

When a reporter called the BSA Wednesday night, a woman who answered the phone asked, ?Are you for or against the proposed policy change?? When the reporter identified her news organization, the woman said the Scouts had been taking calls since about 3 p.m. Monday and it had been very busy.

?When we receive calls we are indeed allowing people to provide feedback, but it?s not a poll (and we won?t be releasing data about the feedback),? BSA spokesman Deron Smith said in an email, responding to an inquiry about the calls and when they began.

On the organization's Facebook page, people were asked to provide feedback by email or to a phone number provided. Some who posted there asked about getting a running tally.

But by Thursday afternoon, opponents of the ban reported that the BSA was no longer taking the phone feedback (Smith did not respond to an inquiry on whether the BSA had stopped). So the secondary tactic was deployed.

?so inundated! recorded msg states system can no longer take calls! revolution by email it is,? wrote one poster, identified as Seattle Punk Rock Aerobics.

Related stories:?

If you are a current or former member of the Boy Scouts and would like to share your thoughts on how your troop, pack or council is handling the possibility of a change in the membership policy, you can email the reporter at miranda.leitsinger@msnbc.com. We may use some comments for a follow-up story, so please specify if your remarks can be used and provide your name, hometown, age and Boy Scout affiliation.

Source: http://usnews.nbcnews.com/_news/2013/02/01/16796116-battlestations-call-in-war-waged-over-boy-scouts-ban-on-gays?lite

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TheDartmouth.com: LeVines link mothers' literacy to family health

Sarah and Robert LeVine studied the positive effects of schooling on motherhood in developing countries.

Sarah and Robert LeVine studied the positive effects of schooling on motherhood in developing countries.

By Iris Liu, The Dartmouth Staff

Published on Thursday, January 31, 2013

There is a correlation between mothers? childhood education and their ability to interact with health care professionals, husband and wife team Robert and Sarah Levine said in a lecture on Wednesday. The ease with which mothers communicate with health care providers can decrease infant mortality because mothers understand more fully how to care for their children. The researchers? recent book, ?Literacy and Mothering,? analyzes data from four countries to show the association between a woman?s early education and positive health outcomes for both mother and children.

Demographic health surveys conducted in the last several decades indicate that a mother?s schooling significantly impacts her child?s mortality, according to the authors.

An article published in the medical journal Lancet in 2010 established that for every additional year a mother attends primary school, her child?s mortality rate decreases by 10 percent up to age five. Robert LeVine, an anthropology professor at Harvard University, and anthropologist Sarah LeVine furthered these studies by examining how education translates to maternal behavior that affects a child?s health and welfare.

?The question we?re really exploring is, ?How can a few years of schooling, even at bad schools, impact a woman?s maternal behaviors many years later??? Robert LeVine said.

Underdeveloped nations? inadequate schooling systems prevent students from learning substantial material, according to Sarah LeVine.

The LeVines? team included literacy experts and statisticians in order to make a comprehensive and interdisciplinary project.

Robert and Sarah LeVine conducted their study in Mexico, Venezuela, Zambia and Nepal in urban and rural areas and found that socioeconomic background also affects child welfare.

The team found a correlation between a country?s gross domestic product and the proportion of women who received schooling. Those who had not received education interacted with their children poorly and infrequently compared to their educated counterparts. The LeVines found that schooling incrementally but consistently improved young girls? ability to communicate effectively.

In one Mexican community that the team surveyed, they found that influential but uneducated senior women were unable to give coherent narratives of local health crises, while educated but younger women who were lower in the village?s hierarchy could.

Differences in these women?s narrative capacities led to drastically different treatment in hospitals and health care facilities, according to Sarah LeVine.

?These older, uneducated women were being dismissed,? Sarah LeVine said. ?They couldn?t get the doctors and nurses to pay attention to them.?

Robert and Sarah LeVine were initially unable to accurately measure women?s schooling and literacy levels because Spanish literacy tests were unavailable. To collect data, the researchers composed a test based on social studies texts that women would have read if they had attended primary and secondary schools.

Through their studies of women?s literacy levels, the researchers found that educated women were able to internalize classroom teacher-student interactions and apply them to other settings, Sarah LeVine said.

?Educated women were able to behave like pupils while in health care settings,? Robert LeVine said. ?They listened to and followed doctors? advice for themselves and for their children, regardless of whether or not they understood that advice.?

In the home setting, women with schooling adopted a teacher?s role ? talking to and tutoring their children on subjects like health care, according to Robert LeVine.

During the course of their research, the team observed declining fertility and infant mortality in every nation they studied except Zambia. This discrepancy resulted from AIDS, Hepatitis C and drug-resistant malaria epidemics, Robert LeVine said.

?No matter how much schooling the women had, they would go to a clinic and there would be no health measures they could take to improve their situations,? he said.

The LeVines? studies across the four countries revealed that educated women were more likely to follow doctors? instructions and return for follow-up appointments. This behavior led to better parenting and lower infant and child mortality rates, Sarah LeVine said.

Hannah McGehee ?15 said she enjoyed the lecture?s focus on relationships between women?s issues and health in the developing world.

?I don?t think we would ever think how this would affect people raising kids because it?s such a standard here,? she said. ?It?s interesting to see how sending our education system abroad affects the culture.?

Although the studies showed a positive correlation between women?s childhood literacy and later mothering skills, the LeVines acknowledged that larger and longer-term studies will produce more conclusive results.

?Optimally, we would establish the causal influence of literacy on a mother?s ability to interact with health care bureaucracy through following young girls from schooling all the way until motherhood,? Sarah LeVine said. ?But even now, we can definitively say that education does benefit mothers and their ability to care for their children.?

Source: http://thedartmouth.com/2013/01/31/news/literacy

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When Crime Pays: Prison Can Teach Some To Be Better Criminals

Prison provides an opportunity for networking with more seasoned criminals.

iStockphoto.com

Prison provides an opportunity for networking with more seasoned criminals.

iStockphoto.com

In popular lore ? movies, books and blogs ? criminals who go to prison don't come out reformed. They come out worse.

Scientists who have attempted to empirically analyze this theory have reached mixed conclusions, with analyses suggesting that activities like drug addiction or gangs are what determines whether the correctional system actually gets criminals to correct their ways.

What else could be at work?

Donald T. Hutcherson II, a sociology professor at Ohio University in Lancaster, recently decided to tackle the question by mining the vast data in the U.S. government's National Longitudinal Survey of Youth.

The survey conducts incredibly detailed and confidential interviews, and then repeats those interviews with the same people year after year ? often going to extraordinary lengths to track down those who may have moved overseas or ended up in prison.

Included in the survey are questions about how much money individuals make legally and illegally. Because the survey also ascertains whether people have spent time in prison, Hutcherson pored through data from tens of thousands of queries to a large number of young people to establish whether illegal earnings went up or down after individuals served time.

If prison reformed criminals, illegal earnings once people were released ought to have gone down. But if prison was a "finishing school" for criminals, illegal earnings after serving time should have increased.

"Spending time in prison leads to increased criminal earnings," Hutcherson says. "On average, a person can make roughly $11,000 more [illegally] from spending time in prison versus a person who does not spend time in prison."

As to the process by which this happens, he says, "You come in [to prison]. You're 16, 17, 18 years old. You're looking around and you're thinking, 'Listen, I can learn from these seasoned veterans.' And that's exactly what you do. ... Basically, you are spending a lot of time around other criminals, seasoned veterans who know the lay of the land, and they can teach you the mechanisms ? ways to get away with crime."

Because the study looks at averages, it's important to note that Hutcherson isn't saying that all criminals come out of prison primed to become bigger criminals. Lots of people, obviously, come out determined to lead law-abiding lives.

Hutcherson pointed to the role of social networks in all of our lives. In the legal economy, being connected to influential people ? via networking ? is widely seen as a way to get ahead on the ladder.

The same phenomenon appeared to be at work in the illegal economy as well. "You would think that being punished, serving time in prison, for young people would be a deterrent," Hutcherson says. "But look at it this way. When you leave prison, who are you going to hang out with? You're not going to all of a sudden join the chess club."

Source: http://www.npr.org/2013/02/01/169732840/when-crime-pays-prison-can-teach-some-to-be-better-criminals?ft=1&f=1007

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This is what a fish thought looks like

Jan. 31, 2013 ? For the first time, researchers have been able to see a thought "swim" through the brain of a living fish. The new technology is a useful tool for studies of perception. It might even find use in psychiatric drug discovery, according to authors of the study, appearing online on January 31 in Current Biology.

"Our work is the first to show brain activities in real time in an intact animal during that animal's natural behavior," said Koichi Kawakami of Japan's National Institute of Genetics. "We can make the invisible visible; that's what is most important."

The technical breakthrough included the development of a very sensitive fluorescent probe to detect neuronal activity. Kawakami, along with Junichi Nakai of Saitama University and their colleagues, also devised a genetic method for inserting that probe right into the neurons of interest. The two-part approach allowed the researchers to detect neuronal activity at single-cell resolution in the zebrafish brain.

Akira Muto, the study's lead author from the Kawakami lab, used the new tool to map what happens when a zebrafish sees something good to eat, in this case a swimming paramecium. The researchers were also able to correlate brain activity with that prey's capture.

The new tool now makes it possible to ask which brain circuits are involved in complex behaviors, from perception to movement to decision making, the researchers say, noting that the basic design and function of a zebrafish brain is very much like our own.

"In the future, we can interpret an animal's behavior, including learning and memory, fear, joy, or anger, based on the activity of particular combinations of neurons," Kawakami said.

By monitoring neuronal activity in the zebrafish brain, Kawakami thinks that researchers may also be able to screen chemicals that affect neuronal activity in the brain. "This has the potential to shorten the long processes for the development of new psychiatric medications," he said.

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The above story is reprinted from materials provided by Cell Press, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Akira Muto, Masamichi Ohkura, Gembu Abe, Junichi Nakai, Koichi Kawakami. Real-Time Visualization of Neuronal Activity during Perception. Current Biology, 2013; DOI: 10.1016/j.cub.2012.12.040

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_environment/~3/uy4ZhWa3AX0/130131144419.htm

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