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US considers taxing earnings from online games

Sunday, October 22, 2006

With online gaming in persistent worlds becoming more prevalent, a US congressional committee has begun to look into the tax implications of these booming online economies. Games such as World of Warcraft and Second Life have large player driven economic systems in which – either following the rules or against them – real world currencies are exchanged for in-game currencies. With the GDP of some of these economies rivaling that of some small countries, the US government is wondering if it is missing out on a potential source of tax revenue: or as some gamers might put it, the IRS is asking “You buy gold?”.

In cases where exchange of a real world currency for in-game currency is permitted by the rules of the game, some of these online games such as Second Life require that players report any income generated by these means to his or her government. In most on-line games however, a black market exists where players buy and sell in-game currencies in direct violation of the game’s rules; situations involving black markets are notoriously hard to tax.

Compounding the issue of currency exchange is the existence of in-game assets. In the real world if someone wins a luxury vehicle, he or she is expected to pay a capital gains tax on his or her winnings. If a 40 person “raid” in World of Warcraft gets a rare “drop,” worth up to thousands of dollars if sold illegally, should they be required to pay a capital gains tax?

Even if the issue of capital gains is ignored, there is still the matter of sales tax. In many of these games, non-player characters and players alike sell items to one another. If sales tax is to be applied, at what rate should it be charged and to what State does it go? Questions such as these have just recently been answered in much less hazy situations such as online versions of brick and mortar establishments.

Dan Miller, senior economist for the Joint Economic Committee had this to say on the issue, “I found that talking about this issue with some of the other economists on the committee, they are not really familiar with what a virtual economy is. The idea of Second Life or World of Warcraft or some of these other synthetic universes, they have trouble wrapping their head around it. So there’s an educational hurdle to overcome here.”

The preliminary findings of the committee state that virtual economies deserve clarification of existing tax laws, not new taxes.

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Forex Secret Weapon The Art Of Forex Scalping

A lot of individuals will get the wrong impression about the forex scalping niche because of traders who make trades just for the sake of making them. They have the wrong mindset and go into the day thinking that they are going to make 15 trades and they do exactly that with no regard for their overall profitability. What they should take the time to do is learn critical information by doing forex training that will make them more successful. There is actually one piece of information that is more critical than anything else that every serious currency traders need to know when they are learning to trade forex. You must understand that the forex market is usually in consolidation, for as much as 60-80% of any given day, is one of the best things that any trader can come to grips with. The market will not make any significant moves during this time period and when the forex scalper comes to terms with this and can fully understand what this means to the market, they will realize how profitable this piece of information can be for them. Developing a sense of recognition is key for any trader, but it is of particular interest to the forex scalper. They must be able to quickly identify key support and resistance levels of previous highs and lows so they can spot profitable situations. Recognizing these spots enable the forex scalper to do what every good forex trader needs to do, buy the dips and sell the rallies. When you can take advantage of wide ranging, 20-40 pips, consolidation channels, you will be able to place your long orders on the floor price of currencies and place your short orders on the ceiling prices of currencies. If you are looking past this information because you have no desire to be a forex scalper, you are making a critical mistake. Having this weapon in your arsenal of forex strategy will make you a better overall trader. You will also be able to utilize your time better when the market is not making any significant moves. Like anything else, the more well rounded you are, the better you will be at your art of forex trading.

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Doctor robbed, car-jacked and locked in boot while car set alight

Monday, March 19, 2007

A 34 year old obstetrician from Forestville on Sydney’s Northern Beaches has escaped after he was robbed, car-jacked and locked in the boot (trunk) of his BMW, which was set alight. Police say the doctor was locked in the boot while his car was set alight, but was allowed to escape before flames engulfed the vehicle.

The Doctor was believed to have been heading to The Mater Hospital in North Sydney when he was waiting at the intersection of West and Falcon Streets in Chatswood around 3:15AM AEDT when a small red sedan with two men claiming to be police officers signalled him to stop. After crossing the intersection, the doctor stopped his car at the side of the road.

The doctor was then approached by the two men and when he asked to see identification, one man grabbed the keys from his car’s ignition before they both pulled the doctor out of his vehicle, hit him in the stomach with a hammer and stole his mobile phone and wallet. The robbers also demanded his key and credit cards along with their access codes before locking him in the boot.

Police allege that the men drove to several locations to withdraw cash and buy things before driving to Carisbook Street in Linley Point at around 4 a.m. local time where they set the car alight with the doctor still in the boot.

Crime Manager of the Harbourside Local Area Command, Detective Inspector Houlahan said that the doctor then “heard a click in the boot area and he heard someone call out: ‘Get out of the car'”

“When he pushed the boot up he found his car engulfed in flames.”

Det. Insp. Houlahan said the doctor told police he did not unlock the boot himself, and it appeared the man’s captors unlocked it before fleeing.

Det Insp Houlahan said that the doctor appeared to be “very distraught” and tired after the ordeal, and wanted to get home and see his wife and two young daughters.

He could only provide police with a vague description of his captors, but said the men were both Caucasian males aged in their 20s, and that one of them was about six feet tall (183cm) with short blond hair and medium build said Det. Insp. Houlahan.

Retrieved from “https://en.wikinews.org/w/index.php?title=Doctor_robbed,_car-jacked_and_locked_in_boot_while_car_set_alight&oldid=568419”
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French fishermen blockade Channel ports

Tuesday, April 14, 2009

French fishing vessels have blockaded the English Channel ports of Calais, Bolougne, and Dunkirk.

Not a boat will go in nor out

The protest is an industrial action over tighter fishing quotas imposed by the European Union, with French fishing unions asking for their government to provide financial assistance or take a tougher line. CFTC Fishermans Union spokesman Bruno Dachicourt told Agence France Presse: “There are easily twenty boats blocking the port of Boulogne-sur-Mer in organized ranks. Not a boat will go in nor out.”

The fishermen are protesting the lowering of European Union quotas on fishing, which place a ceiling on the amount of fish that the fishermen of each member country are allowed to catch and sell. The EU has lowered quotas in response to concerns about the sustainability of fisheries, but each drop in quota reduces the amount of work each fishing vessel can do. “The feeble amount of the quota obliges us to close the fishing zones three months after the beginning of the catch”, said Stéphane Pinto, spokesman for the CFDT trade union group representing fishermen in Boulogne.

Ferry sailings between Dover in the United Kingdom and Calais were suspended, with UK authorities implementing the Operation Stack management plan in response. Under the plan sections of the M20 motorway are closed to traffic and used as a managed lorry park. Motorists have been advised to seek alternative routes if possible. Most cars and passengers from the P&O Calais-Dover sailings at 16.10 (apparently the first sailing affected), 17.40 and 18.25 left on the “Pride of Dover” at 11.47 arriving Dover at 12.30. Two SeaFrance ferries, Renoir and another, left slightly earlier.

Fishermen have also used fires and roadblocks to interfere with access to the ports by road.

The blockades come eight days after a similar incident in the Mediterranean, when French fishermen in Marseille, Ajaccio, Toulon and other port cities interfered with oil tanker movements and blockaded ports throughout the south of the country.

Wikinews is unaware of any official statement from the British or French Governments in response to the blockade.

Retrieved from “https://en.wikinews.org/w/index.php?title=French_fishermen_blockade_Channel_ports&oldid=4519960”
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4 Easy Ways To Reduce College Costs And Supercharge Your Retirement

4 Easy Ways to Reduce College Costs and Supercharge Your Retirement

by

Marc R Hill

If you’re the parent of a high school student you may soon be faced with a very tough decision: Should you continue funding your retirement plan or apply these contributions to help pay for your child’s college education?

[youtube]http://www.youtube.com/watch?v=T7N_L_pu74k[/youtube]

Many parents require additional resources to assist with college expenses and turn to the financial aid system for help. While you may be uncertain about prioritizing retirement contributions versus college expenses, the financial aid system is quite clear about how they view your retirement contributions. They feel that these contributions can be used to help pay for your child’s education and assume that you can play “catch up” with your retirement at a later point. But before you throw your hands up in frustration and buy into their plan, let’s take a look at four ways to shave your out-of-pocket college expenses and keep your retirement contributions flowing.How Parents Can Cut Their Child’s College Costs Now1. Make Colleges Compete In order to cut your child’s college costs, make colleges compete against each other during the application process. For example, if your child is applying to a private college, send your information to the big public university in the same state too – even if your child has no intention of attending. Why? You can create competition amongst universities by applying to: – Colleges within the same conferences – Public and private schools in the same state – Institutions within the same region This can ultimately mean big savings for you.2. Make Sure You Have a Plan to “Unzip” Your 529 Savings Plan Most people think, and were probably told by their advisors, that distributions from their 529 savings plans are tax free if used to pay for Qualified Educational Expenses. But what appears to be a clear-cut case isn’t always so when you’re dealing with the tax-happy trifecta of the Federal government, state governments and the IRS. So be sure to determine your Adjusted Qualified Educational Expenses prior to pulling any money out of your 529 savings plan account to prevent the ever-present taxman’s hand from reaching into your wallet. 3. Apply Early Colleges are often under pressure to meet early deadlines for enrollment goals. To help meet these goals, some institutions will award merit scholarships to students who apply early in their senior year. This is one of the easiest ways to reduce the cost your family pays out of pocket for college. So get busy filling out college applications as soon as your child starts his or her senior year.4. Understand the Hazards of Cash Gifts Avoid having cash gifts made directly to the college or the student during the financial aid “base year” or any year your child applies for financial aid. Cash gifts given during this time period can result in your child losing scholarships and other forms of gift aid (which is financial aid that does not need to be repaid). In addition, it may raise the amount of money your family is expected to pay for college. Knowing how and when to receive such gifts is key to minimizing your college expenses. Funding your retirement and paying for your child’s college expenses impacts your wallet now and into the future. So it requires extensive planning and discussion. Saving as little as $350 dollars a month in college expenses and applying those funds to your retirement could mean as much as $136,000 available to you when you retire. And, that’s with a minimal rate of return. Follow the advice in this article and in my FREE e-monthly newsletter, “The College Savings Tip Sheet” at http://www.reduceyourcollegecosts.info and you won’t ever have to pay full price for your child’s college education. You can slash thousands from your college costs so you and your child are left with less debt after graduation. And, you’ll be able to save for your retirement at the same time

Marc Hill is a financial planner who coaches and educates families on how to dramatically reduce their college costs up to $12K or more! Now you can learn how to cut your family’s college costs and protect your retirement account with Hill’s FREE e-newsletter: “College Savings Tip Sheet.” Subscribe now for free at

reduceyourcollegecosts.info

& receive two FREE issues of Hill’s members-only newsletter “Affording College.”

Article Source:

ArticleRich.com

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Brazilian footballer, ex-policeman among seven arrested for ‘barbaric’ murder

Sunday, July 11, 2010

A professional football player from Brazil and a former police investigator are among seven people arrested in connection with a murder police called “barbaric”. Flamengo goalkeeper, and captain, Bruno Fernandes is accused of hiring former policeman Marcos Aparecido dos Santos to kill his mistress.

Police say Fernandes met Eliza Samudio, 25, at a party organised by another Flamengo player last year, and spent the night with the former model and pornstar, impregnating her. Her refusal to abort the pregnancy is cited as the motive behind the killing. Samudio has been missing since June 4th. Police state she contacted them earlier to complain of violence and threats from Fernandes. He is alleged to have attacked her and tried to force her to swallow an abortion pill in a complaint filed in October. He supposedly told her, “[y]ou don’t know me and you don’t know what I am capable of – I’m from the favela.”

Police allege that Samudio was abducted from a hotel in Rio de Janerio and driven for six hours to reach a house belonging to Santos near Belo Horizonte. There, according to newspaper Estado de Sao Paulo, one of Fernandes’s cousins, allegedly involved, said loud music was played to cover up the screams as “barbaric tortures” were inflicted upon her by Santos.

It is alleged when she exclaimed she could no longer bear being beaten the ex-policeman responded “[y]ou are not going to bear it any more. You are going to die.” Souza is said to have been present and witnessed both her torture and her strangulation. Although she remains missing, police state that they are confident she is dead and claim her remains were disposed of by being fed to at least one rottweiler. Remaining parts are said to be encased in concrete.

The child, a boy, had already been born and is now four months old. Police say his mother was killed when she began attempts to prove the footballer, who was rumoured to have received an offer worth millions of dollars from AC Milan, was his father. Homicide investigator Edson Moreira is running the probe and was in no doubt of the footballing “idol”‘s guilt: “[he is] a monster for what he did to this young lady.”

The investigation has been a major focus for Brazilian media. The nation has an upcoming presidential election and candidates were quick to express their views. Dilma Rousseff, who present president Luiz Inacio Lula da Silva wishes to succeed him, said “[t]his is a barbaric crime. The whole of Brazil is disgusted by such a barbaric and perverse crime.” Rainforest campaigner Marina Silva, another candidate, expressed concern that “[w]e have repeatedly seen this kind of episode against the lives of women.”

Fernandes denied any involvement, claiming a “clear conscience”. He has commented that he is concerned the investigation may hamper his prospects of representing Brazil at the 2014 World Cup. Currently in a jail cell, he was requested to provide DNA samples but exercised his constitutional right to refuse. His wife is also alleged to have been involved and is jailed as well. Santos has said, via his lawyer, that he too is uninvolved in any crimes.

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Guatemalan bus crash kills 57, wounds 40

Saturday, March 1, 2008

An overcrowded double decker bus in Guatemala crashed into a gulley Friday, killing 57 people and injuring 40 more, authorities say.

The bus crashed about 30 miles from Guatemala City while carrying roughly 100 people towards San Salvador.

Journalist Martin Austurias says that a makeshift morgue was created along the highway so that relatives of the passengers could identify the victims.

Austurias noted that several policemen and firefighters were working to uncover bodies from the wreckage.

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Postnatal Confinement Food Part 1

Postnatal confinement food Part 1

by

Cecilia Koh

During pregnancy, the baby is like a parasite and will take all the nutrients that he requires from you. If your diet is sufficient in nutrients for both, it does not cause any problems. If on the other hand your diet is insufficient for both, then your recovery after the birth will take longer and if you still do not replenish your body stores during the confinement period, you may remain weak for a long time. This is probably why our elders make such a lot of fuss about eating well during the confinement period.

Wherever you are in the world, everyone will try and tell you what to eat and if possible how to eat it. The most important thing to do is follow your own body s needs. Whatever you eat, do make sure that you have a good balance of proteins, vitamins, minerals, fats, carbohydrates, and water in every meal.

Just remember the following pointers:

1. If you are breast feeding whatever you eat will be transferred to your baby via your breast milk therefore it is important that you eat a balanced diet so that your baby will get the right nutrients for optimum growth and development.

2. Some food does cause the baby to become windy or have loose stools. If you find that your baby is suddenly quite unsettled, try and think of what you ate during the last 12 hours. Avoid that food for a few days and then try again. If the same happens again, then you should avoid that particular food for a while and re-introduce it into your diet by taking a very small amount and see how baby reacts then slowly increase the amount so that baby gets used to the food.

3. You may find that your appetite is slightly low especially during the first week. This is normal as your body is readjusting to its non-pregnant state both physically and mentally therefore it is better to have small frequent meals instead of the normal 3 big meals a day.

4. You need to drink plenty of fluids in order to make sufficient breast milk and if you are forbidden to drink water, you can get the amount of fluid from other sources such as soup.

[youtube]http://www.youtube.com/watch?v=QqQVll-MP3I[/youtube]

So what should you eat?

Most Eastern cultures believe that your body is cold after delivery therefore you should avoid cooling or cold food but eat a lot of yang or heaty food to warm the body up. However, if you are normally a yang person, eating too much heaty food may cause rashes and fever. In this case it would be better to reduce the amount of heaty food and eat more neutral food. If you are normally a Yin person, you should not have any problems eating heaty food (lucky devils). The following table gives you a quick review of the types of food to eat or avoid.

Types of food to avoid

Cooling food for example: banana, cabbage, cucumber, coconut and Chinese cabbage

Contribute to mother s poor blood circulation and stomach ache in the baby if you are breastfeeding. Salt as a condiment and salty foods in general are to be rejected, too, in the belief that use reduces breast milk production

Acidic food for example: pineapple, mango, lemon, lime

Contribute to excessive lochia in the mother and diarrhea in the baby.

Too much Heaty food for example: chilli, pepper, spices, tonics, spirits and medicines.

Contribute to diarrhea in the baby and maternal headaches

Windy food for example: jackfruit, tapioca, pumpkin, onions.

Contribute to baby being colicky and may cause indigestion for mother and baby.

Poisonous food such as prawns, shellfish, crab, eel, ginger

Delay healing of the mother s wound and may cause allergies and eczema in the baby. These foods may cause stomach upsets and vomiting

Type of food recommended

To improve milk production

Chicken, squid, clams (small varieties), fish (especially carp), millet, mutton, pork, rice wine, sea slug, soybean milk mixed with powdered walnuts, wheat cakes, wheat noodles with egg, green papaya

To provide strength to the mother so she recovers quickly from the exertion of labor.

Chicken, frog, Panax ginseng, licorice extract and razor clam

What you eat also depends on what you believe in and who cooks for you. If it is your mother or MIL you may not have many choices. I have seen women quarrelling and not talking to each other because of this issue. Try and work out a compromise which is acceptable to both parties. Use a persuasive and logical approach instead of confrontation.

Most new mothers are often at a loss on what is the correct food to eat during the postnatal confinement month so hopefully this article may help in making the right choices. If you are interested in viewing this article in pictorial form with some recommended recipes please go to

babiesconsult.com

Article Source:

ArticleRich.com

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Wikinews’ overview of the year 2008

Wednesday, December 31, 2008

Also try the 2008 World News Quiz of the year.

What would you tell your grandchildren about 2008 if they asked you about it in, let’s say, 20 years’ time? If the answer to a quiz question was 2008, what would the question be? The year that markets collapsed, or perhaps the year that Obama became US president? Or the year Heath Ledger died?

Let’s take a look at some of the important stories of 2008. Links to the original Wikinews articles are in all the titles.

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