first_imgChot chooses Gilas veterans Don’t miss out on the latest news and information. LATEST STORIES Stronger peso trims PH debt value to P7.9 trillion Cignal will once again parade the core of the Red Lions, fresh from their triumph in NCAA Season 93, with 2017 Aspirants’ Cup Season MVP Robert Bolick and hardworking forward Javee Mocon counted on to provide the leadership.The Hawkeyes edged Racal Motors in three games in the Aspirants’ Cup Finals last season before making it a championship double with a sweep of Centro Escolar University in the Foundation Cup.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutAlready the winningest mentor in the developmental ranks, Fernandez pushed his PBA D-League title collection to eight championships.Cignal, however, has lost valuable members of its championship teams with Raymar Jose and Jason Perkins being picked in the top four of the 2017 PBA Rookie Draft and Pamboy Raymundo and Oping Sumalinog joining Tanduay Alab Pilipinas in the ASEAN Basketball League. Photo by Tristan Tamayo/ INQUIRER.netReigning back-to-back titlist Cignal HD-San Beda will be returning to the PBA D-League after all.Coach Boyet Fernandez and his boys are returning to defend the throne for the Hawkeyes as they push the participating teams this upcoming 2018 PBA D-League Aspirants’ Cup to 13 squads.ADVERTISEMENT Japan ex-PM Nakasone who boosted ties with US dies at 101 Kammuri turning to super typhoon less likely but possible — Pagasa Kris Aquino ‘pretty chill about becoming irrelevant’ View commentscenter_img CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Read Next The Hawkeyes’ entry also increased the number of school-based teams to eight this first conference, while also bringing the count of participants to a record-tying 13, the same number of teams which joined the 2011 Foundation Cup.Aside from Cignal, also joining this year are CEU, Tanduay, Marinerong Pilipino, Batangas-EAC, Zark’s Burger-Lyceum, JRU, AMA Online Education, Wangs Basketball, Gamboa Coffee Mix, and newcomers Perpetual, Powerball-St. Benilde, and Mila’s Lechon.The 2018 PBA D-League Aspirants’ Cup tips off on January 18.ADVERTISEMENT MOST READ QC cops nab robbery gang leader, cohort Brace for potentially devastating typhoon approaching PH – NDRRMC Typhoon Kammuri accelerates, gains strength en route to PH Makabayan bloc defends protesting workers, tells Año to ‘shut up’ PLAY LIST 02:11Makabayan bloc defends protesting workers, tells Año to ‘shut up’01:50Palace defends Duterte’s absences from Asean events00:50Trending Articles01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justicelast_img read more

first_imgBloomberg: US would benefit from more, not fewer, immigrants Lau Tsz Lai knocked down a triple with 32 seconds left for the go-ahead basket, 88-86, and import Marcus Elliot nailed two free throws for a four-point gap for Eastern with 10 seconds remaining.Hong Kong can send Alab packing with another win in Game 2, this time at Southorn Stadium in Wan Chai, Hong Kong. A deciding game, if necessary, will be played in the Philippines on April 7.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsAlab cut the deficit with a Renaldo Balkman basket and the Filipinos had one more opportunity when Hong Kong import OD Bassett committed a turnover in the next play.But a surprisingly tentative Ray Parks left his jumper short in the final play, allowing the visitors to escape with the victory. MOST READ LATEST STORIES FILE – Alab forward Ray Parks Jr. Photo from ASEAN Basketball LeagueHong Kong Eastern put San Miguel Alab Pilipinas’ title retention campaign in peril after a thrilling 90-88 victory Friday night in Game 1 of their ABL Season 9 quarterfinal series at Hoops Dome in Mandaue City.Beaten by Alab in the semifinals last season, Hong Kong scored a vengeful win on the road, rallying from 15 points down in the second half to move on the brink of advancing to the second round of the playoffs.ADVERTISEMENT View comments Cayetano: Senate, Drilon to be blamed for SEA Games mess PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Google Philippines names new country director North battles South in All-Star Week’s main farecenter_img Colombia protesters vow new strike after talks hit snag Private companies step in to help SEA Games hosting Trump tells impeachment jokes at annual turkey pardon event Alab seemed to be in cruise control when it erected a 15-point advantage, 61-46, in the third period after an inside basket by PJ Ramos. But Hong Kong found its stride from beyond the arc and made a game out of it in the final period.Parks hit a jumper for an 86-85 lead, before Lau’s big shot took the energy out of the Filipino ballclub.It was Alab’s fifth straight defeat as it continued to wobble following a spate of injuries.ADVERTISEMENT Wintry storm delivers US travel woes before Thanksgiving Panelo: Duterte ‘angry’ with SEA Games hosting hassles Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Nextlast_img read more

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say PSG target Doucoure hails Mbappe: I played with his brotherby Paul Vegas10 months agoSend to a friendShare the loveWatford midfielder Abdoulaye Doucoure has hailed the quality of PSG striker Kylian Mbappe.Doucoure is under consideration at PSG as a replacement for wantaway midfielder Adrien Rabiot.He told RMC: “The PSG player who impresses me the most? I think it’s Kylian Mbappé, he’s really a phenomenon, a crack. “I know very well his big brother Jirès (Kembo), with whom I played with in Rennes, and he was already talking about him. “But it’s true that I’m really impressed by what he’s doing. He is the player who impresses me the most yes.” last_img read more

first_imgAdvertisement Advertisement SOCAN member Netsena, from Fort Nelson, BC, received the award – which included a $10,000 cash prize, and airfare and accommodations to attend the award ceremonies in Winnipeg – from Charlie Wall-Andrews, Executive Director of SOCAN Foundation, and Tim Laronde, Regional Manager of Indigenous Banking at TD.“I feel honoured to be selected for this award, and very grateful to everyone who worked to make this happen,” said Netsena. LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Login/Register With:center_img Advertisement WINNIPEG, May 22, 2018 /CNW/ – The SOCAN Foundation, part of the SOCAN Group of organizations, in partnership with TD Bank Group, presented its very first Indigenous Songwriter Award to Jasmine Netsena at the 2018 Indigenous Music Awards. Twitter “This new award recognizes artistic excellence in songwriting achieved by an Indigenous music creator in Canada, and we’re proud to be able to partner with TD and the Indigenous Music Awards to celebrate Jasmine Netsena,” said Wall-Andrews. “It’s part of our ongoing, mutual effort with TD to foster, promote and diversify opportunities for music creators of Indigenous descent. We’re aiming to build inclusive grant and awards programming as diverse as the communities in which we live.”The Jury encompassed SOCAN Members: ShoShona Kish (Ontario), Alan Greyeyes (Manitoba), Celina Kalluk (Nunavut), and Moe Clark (Québec). The jury reviewed nearly 200 submissions.Applications to the 2019 TD Indigenous Songwriter Awards will open in the late fall of 2018; visit www.socanfoundation.ca for more information about programs and awards.About Jasmine NetsenaMusic is Jasmine Netsena’s first language. From the age of five, the award-winning singer-songwriter, of the Dene and Tahltan Nations, learned to sing from her grandmothers in their Indigenous languages. Classical voice training only strengthened that bedrock, and Jasmine has been honing her songwriting and guitar skills for close to 15 years now. Jasmine released her debut album, Take You with Me, in 2014. For her second record, she uses her voice to uncover long-buried issues. The daughter of a residential school survivor, Jasmine wants to use music to add to the dialogue of inter-generational healing. Jasmine has charmed audiences in New York City, Nashville and across Canada. In 2014, she won Best Folk/Acoustic Album in the Aboriginal Peoples Choice Music Awards, and was nominated for Indigenous Songwriter of the Year at the Canadian Folk Music Awards. She’s been featured on the Aboriginal Peoples Television Network (APTN) show Rising Stars, and has performed at the Grand Ole Northern Opry with Grammy Award winner Laurie Lewis. www.jasminenetsena.comAbout The SOCAN FoundationFounded in 1992, the SOCAN Foundation is dedicated to fostering musical creativity and promoting a better understanding of the role of music creators in today’s society. The organization is a part of the SOCAN Group of organizations and guided by a Board of Directors, which consists of composers, songwriters and music publishers, and reflects concert music and popular music genres, as well as the geographic and linguistic regions of Canada. To learn more about the SOCAN Foundation and SOCAN, visit www.socanfoundation.ca and www.socan.com.About TD Community GivingTD Bank Group invests in communities in order to effect positive change in the places where it operates and where its clients and employees live and work. In 2017, TD donated more than $107 million to support community organizations in Canada, the United States and the United Kingdom. For further information, visit www.td.com/corporateresponsibilitylast_img read more

first_img Dan Cohen AUTHOR McLean, Va.-based Elm Street Development has purchased seven adjacent parcels across the street from the former Walter Reed Army Medical Center in northwest Washington to build housing.Elm Street paid $7.0 million for the lots, representing a significant amount of appreciation due to the District of Columbia’s selection of a master developer to convert 67 acres of the medical campus into a mixed-used development calling for retail, housing, a hotel and conference center, and “innovation core.” The previous owners acquired the parcels several years earlier for only $2.1 million, reported the Washington Business Journal.“That was the main driver, Walter Reed,” said Karen McJunkin, a regional partner at Elm Street. “We like the corridor as well. But for the product we’re planning, I think that the buyer in the District is very savvy and follows what’s ahead, and will buy, we hope, based on what’s to come,” she said.Elm Street and its partner, Craftmark Homes, plan to build two-over-two style housing, sometimes referred to as stacked townhouses. The previous owners had been planning to build a 100-unit condominium. Elm Street expects to complete its first row of homes by early next year, according to the story.last_img read more

first_imgEtihad Airways has celebrated an aviation milestone – the delivery of its 100th and 101st aircraft.The 100th aircraft, a new A321-231 was delivered from the Airbus Finkenwerder facility in Hamburg and the aircraft was welcomed by over 500 Etihad Airways employees at a specially organised photo session.Etihad Airways president and chief executive officer, James Hogan said that the new aircraft delivery is a turning point.“This is an important day for an airline which launched operations just over ten years ago. Etihad Airways continues to grow, to prosper and to lead the way in innovation and service,” Mr Hogan said.“Today, we fly the most technologically advanced and fuel efficient aircraft available, setting new standards in comfort and reliability.”The 101st aircraft, an Airbus A320-200 as well as the A321 are equipped with sharklets (blended winglets) which significantly increase fuel efficiency.In November 2013, Etihad Airways placed the biggest ever aircraft order at the Dubai Airshow with a value of US $67 billion for up to 199 aircraft and 294 engines.Source = ETB News: Tom Nealelast_img read more

first_img July 18, 2012 455 Views in Data, Government, Origination, Secondary Market, Servicing, Technology SourceLink Offers MORE for Lenders Capitalizing on Refinancing “”SourceLink””:http://www.sourcelink.com/ has launched a new platform for lenders seeking strong refinancing prospects. [IMAGE]The company recently debuted its MORE program, which SourceLink describes as “”an innovative campaign solution that gives lenders the ability to reach prime mortgage refinance prospects by utilizing direct mail and personalized campaign microsites.””[COLUMN_BREAK]The company went on to note that MORE, a single-stop mortgage refinancing module, will help users in “”maximizing return on marketing investment and significantly lowering acquisition costs.””According to SourceLink, the data strategy behind MORE will facilitate the identification of ideal candidates for refinancing by combining a wide array of attributes including loan-to-value ratio, interest rates, behavioral and lifestyle factors, and credit scores. Additionally, SourceLink stated that the “”eye-catching creative”” associated with MORE will drive would-be borrowers to a microsite that displays their potential savings, as well as an interactive payment calculator.””With historically low interest rates, many homeowners are responsive to refinance offers,”” reports SourceLink’s chief strategy officer, Matt Graham. “”The challenge is with the depreciation in home values in recent years and other financial challenges, many of those interested are unable to qualify … MORE’s personalized, interactive savings calculator, combined with a sophisticated modeling strategy, ensures that lenders are spending their time with pre-qualified prospects with reasonable expectations.””center_img Share Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-07-18 Abby Gregorylast_img read more

first_img Gross profit (billions $) 14.7 Other 16.7 Addition of carriers. Currently, Apple has relationships with and supplies about 250 carriers in over 100 countries. However, there is significant potential for growth with telecoms that do not have relationships with Apple. China Mobile – China’s largest telecom with over 700 million subscribers – is a prominent example. We’ve concluded that adding carriers in emerging markets could provide Apple with an incremental 60 million units of iPhone sales annually. However, carrier expansion will likely be pushed out toward the back half of 2013 and into 2014. In the following calculation of gross profit for Apple’s iPhone segment for 2014, we have assumed a unit volume of 185 million. We’ve also modeled the impact that a low-cost phone will have on average sales price and gross margins. High customer satisfaction around other Apple products (iPods, iPhones, and iPads) creates a halo effect, which drives customers to Macs when they are ready to buy a PC. For these reasons, we think Apple’s Mac sales will continue to resist the overall trend, and at worst, remain flat for the next 18 months. We also foresee little change in average sales price and margins. Here’s our resulting forecast for the PC segment: Gross profit % 46 Units (millions) 18.2 The case presented above yielded earnings per share of $50.32 for fiscal year 2014. Currently, Apple’s share price multiple is about 10 times, well below the current market multiple of 18. This may seem too low; however, we think this is a good number to apply to our estimate. Multiples are usually a reflection of anticipated growth. Because Apple faces the law of large numbers, the market is apt to be perpetually nervous about its ability to grow, and therefore will continue to assign it a low earnings multiple. Nevertheless, 10 times our earnings estimate would result in a share price of $503, a return of about 25% in 18 months. This is by no means a spectacular return, but it is based on conservative projections. So it is, in our view, very achievable. What Will Move Apple Just as a stationary ball needs a push to provide it initial momentum, the undervalued stock needs a catalyst to fuel its price move. With Hewlett-Packard, a stock we recommended in the October issue of BIG TECH, one catalyst we foresaw was breakup speculation. Our thinking was that Hewlett-Packard had become so grossly undervalued, that it was only a matter of time before activist investors and Wall Street analysts began calling for a breakup of the company as a way to unlock shareholder value. That’s exactly what happened. We were also helped along by another catalyst: the Dell buyout news. When it was all said and done, our strategy yielded a 50% profit in just shy of five months. Never let it be said value investing is boring. With Apple, there are a handful of short-term catalysts that could send the stock higher. The ones that immediately come to mind are: The successful launch of a new product – such as the long-rumored smart TV and/or the iWatch – that catches fire in the marketplace. A deal to distribute iPhones with China Mobile, China’s largest mobile network provider with over 700 million subscribers. A sizable dividend hike and/or a sizable share buyback. On the flip side, a disappointing earnings report could send shares lower. But that’s probably baked into the cake. And besides, CEO Tim Cook will probably have some good news in his hip pocket (i.e., a big dividend hike) if he thinks earnings will disappoint. Of course, there’s always the possibility of a major market correction. If that happens, almost every stock will get hit. But since Apple is down big over the last few months, it will probably withstand a downturn better than most. Long story short, Apple possesses the characteristics we look for in a stock. Given its future earnings prospects, it looks undervalued, and it has multiple short-term catalysts. For these reasons, it looks like a decent buy at current levels. Bits & Bytes The Alibaba Phenomenon (The Economist) When thinking of e-commerce companies, Alibaba is probably not one of the first names that comes to mind… but that may soon change. Rumor has it that China’s e-commerce king is planning to go public, with valuation estimates ranging from $55 billion to more than $120 billion. That would make it one of the most valuable publicly traded companies in the world. Bitcoin ATMs Coming Soon (CNN Money) Bitcoins are taking a step into the real world, with an entrepreneur planning to introduce ATMs for the virtual currency. The Bitcoin ATMs will accept dollar bills and instantly convert the amount to Bitcoins and deposit the result in your account. Aereo Could Bring Down Broadcast TV (CNN Money) Aereo, an upstart online service which provides low-cost access to broadcast TV over the Internet, could be a huge step toward a future when programming options come à la carte, divorced from the expensive packages assembled by cable and satellite carriers. Tablets The tablet computer – a cross between a laptop, a smartphone, and a personal digital assistant – is not a new concept. Computer scientist Alan Kay began advancing ideas about component miniaturization, touchscreens, and WiFi technology way back in 1968. However, not until 2010 did any version of the tablet meet with meaningful commercial success. That’s the year that Apple launched the iPad. On launch day, 300,000 iPads were sold. Over the next year, more than 15 million were sold. The era of the tablet had arrived. Why did it take so long? Well, there were some attendant and powerful circumstances that prevailed in 2010 that either did not exist or were not sufficiently mature during earlier attempts to market tablets. Though inferior to the PC for content creation, the tablet is ideal for content consumption. Thanks to the advent of the Internet and WiFi and the spawning of thousands of apps, there is now a lot of content to consume. In addition, battery life has been extended from three hours on early versions of the tablet to over 12 hours on some current models, making these devices more portable and, therefore, more appealing to consumers. Those circumstances have driven astonishing adoption rates every year since 2010. In fact, the market for tablets has ramped up faster than any technology in history. 38.7 Personal Computers Much has been written in recent years about the decline in sales of personal computers (desktops and notebooks). As we all know by now, mobile computing devices are the cause. As consumers shift their time away from their PC to tablets and smartphones, they no longer see their PC as a device that they need to replace on a regular basis. According to Gartner, PC shipments peaked in 2011 at 364 million units, a 3.7% increase over the prior year. In 2012, year-over-year shipments decreased by 6.3%, and the slide is expected to continue in 2013 and 2014, with decreases of 7.6% and 4.1% respectively. However, Apple’s Mac division has experienced no such letdown; unit sales of Apple personal computers actually increased by 9% for the 2012 fiscal year. We think Apple is defying the PC trend for two main reasons: Apple serves the high end of the PC market. Because these high-end users are content creators, they are less likely to abandon the Mac for a tablet. Revenue* 108.3 Operating expenses* (Click on image to enlarge) This is not a fad. Rather, it is structural and will prevail for many years. Technology research firm IDC estimates that tablet shipments will reach 191 million units in 2013 and grow at a compounded annual rate of 16.6% for four years thereafter. Upon reinventing the tablet category in 2010, Apple dominated the market with a whopping 70% share. Since then, several formidable competitors have entered the fray, including Samsung, Amazon, and Microsoft. For the fourth quarter of 2012, Apple’s share had dropped to 46%, owing to the increased number of competitors and to Apple’s unwillingness to participate in a race to the bottom on pricing. IDC estimates that by 2017, the company’s share will drop to 43.5%. Conservatively, we have built our projections on the assumption that its share will be 40% for next fiscal year (September 2014). For fiscal year 2012, the average sale price of an iPad was about $531. However, in November 2012, Apple released the iPad Mini with a retail price of $329. Estimates are that the Mini will comprise 40% of total iPad sales. We estimate that that will lower the average sale price to about $450. Gross margin on iPads was 42.7% during fiscal year 2012, but the shift in sales mix to the Mini will put downward pressure on those margins. We estimate margins will fall to 38% for tablets in 2013 and stabilize at that level for 2014. Putting this all together, here is our projection for tablets down to the gross profit line for 2014: PCs Tablets Gross profit % 24.5 Apple units (millions units) 86 Gross profit % 38 When the market turns against a stock, watch out. Just ask Apple investors. From its peak just seven months ago, Apple is down over 40%. That’s an incredible move for a company of Apple’s size. Several factors have contributed to the decline, including: management departures, low-cost competition, and concerns that Apple’s well of innovation may have run dry with the loss of Steve Jobs. Each of these factors is cause for concern. However, healthy skepticism can quickly give way to a herd mentality, causing an overreaction in share price. Could that be what we’re seeing with Apple? To find out, we decided to take a look at the prospects for each of Apple’s major business segments. Smartphones Worldwide shipments of smartphones topped 700 million units in 2012, according to tech research firm IDC, an increase of 46% over 2011. Torrid growth is expected to continue; in 2013, IDC expects a 27% increase in smartphone shipments and another 17% in 2014, lifting sales to over 1 billion units annually. Analysts look for Apple’s smartphone growth to stay pretty much in lockstep with the market: fiscal year 2013 iPhone shipments are estimated to increase by about 25% (from 125 million to 156 million units), while a 19% increase is foreseen for FY 2014 (from 156 million to 185 million units). These estimates look very achievable and possibly even conservative. Here’s why: Introduction of a low-cost phone. In the US, Apple depends heavily upon a carrier-subsidized business model. Under this model, Verizon, AT&T, and other telecoms buy iPhones from Apple, then resell them to consumers well below their costs. In exchange for the discount received on the phone, the consumer signs a long-term contract (typically two years) with the carrier. In many regions outside the US, the subsidy model is not utilized. In order to penetrate the market in those regions, Apple needs a low-cost phone. Speculation has it that such a phone is on the way and will be introduced sometime around mid-year. In addition to driving growth internationally, an iPhone in the $300-$400 price range should help Apple capture share with non-contract (known as prepaid) US carriers. Pre-tax income* Revenue (billions $) 23.2 26.1 Units (millions) 185 Putting It All Together In the table below, we aggregate the information for the segments we discussed above. We add in the combined revenues from the iPod, iTunes, and accessories segments with the assumption that the iPod segment will decline at a 25% annual rate, while iTunes and accessories will increase at about a 12% annual rate. And finally, we assume that operating expenses and income taxes, consistent with the last two years, will be 8.5% of sales and 25% of pre-tax profits, respectively. 39.5 Income tax* Gross profit % 46.0 Refresh of iPhone 5. The iPhone 5 is due for a refresh. One is expected at mid-year, about the same time as the low-cost phone introduction. If that’s the case, it will be just in time for the upgrade cycle, as iPhone 4 customers who bought phones in the fall of 2011 will be coming off their two-year contracts and looking for new subsidized phones. It’s a safe bet that most of these customers will stick with Apple. A recent survey from Morgan Stanley and AlphaWise found that Apple leads the smartphone industry in customer retention. Among those surveyed, 83% of iPhone users said they plan to buy another iPhone. Total 63.8 Average sale price     450 23.2 Revenue (billions $) 108.3 Average sale price 585 Addressable market (millions units) 214 24.5 10.3 14.7 41.0 * Numbers in billions Gross profit (billions $) 5.7 Gross profit* 49.8 Average sale price 1,275 Net income* Revenue (billions $) 38.7 196.3 Smartphones 38.8 5.7 Apple share 40% 80.5 47.8 16.0 Gross profit (billions $) 49.8last_img read more

first_imgThe toy trap: we all have friends who’ve fallen in. I received a wave of emails after publishing Debt: The Last Social Taboo?, all sharing similar sad stories. Author Dave Ramsey summed up the problem best: “We buy things we don’t need with money we don’t have to impress people we don’t like.” Malcolm Forbes, lover of all-things extravagant, likely originated the phrase “He who dies with the most toys wins.” Few of us could ever afford Forbes’ Fabergé egg collection or the ostentatious parties he threw, but many a retiree or near-retiree has overspent on cars, boats, homes, and a surgically enhanced trophy wife or two. My wife Jo tells me this isn’t just a “guy thing” either. She has friends with two or three closets filled with designer clothes. We have one friend who’s been retired for over a decade, yet who still makes monthly trips down Michigan Avenue in Chicago to shop, shop, shop. Her closet is full of enough fur coats to spark a PETA riot. So is there room in 2014 for a return to financial modesty—room to reject the toy trap? I say yes! Here’s our five-step guide to doing just that.#1—Someone always has a bigger, faster boat. Playing the game is futile, because no matter how much wealth you have, you can’t win. Someone will always have more. Rush Limbaugh once boasted about buying the newest, biggest, fastest Gulfstream jet, a G650. He mentioned something about flying nonstop from Raleigh to Honolulu with 20 of his best friends. I won’t begrudge a man any toy he can truly afford, but Limbaugh is in for a rude awakening. As far back as 2009, the CEO of Gulfstream’s parent company had already announced it was working on developing a plane “beyond” the G650. What will Limbaugh do then? In the meantime, some oil baron from the Middle East is looking down from his 747 with a smirk on his face. I was on a 13-hour flight from London to Miami years ago and totally bored, so I made a list of all the material things I would love to own. Yeah, I included a private jet and a yacht. Then I calculated the cost of buying and maintaining those toys and realized I’d have to win the lottery every year to afford such luxury. Time to get real! The sooner you get a handle on needs versus wants, the better off you and your family will be. Owning cool stuff is fun. Most real people, however, have to choose between the neat toys they’d like and saving enough to retire comfortably. So until those lottery wins come in, I’ll continue flying commercial with the other mere mortals. If you want to treat yourself, pay a little extra to upgrade your seat.#2—Don’t misunderstand status. In dictionary terms, status means:sta·tus rank: the relative position or standing of somebody or something in a society or other group prestige: high rank or standing, especially in a community, work force, or organization condition: a condition that is subject to change In Miller terms, there are least two different types of status. The first I call “pseudo-status.” In the article mentioned above, I wrote about my friend Tom, the poster child for spendaholics anonymous. Tom spent a good portion of his adult life trying to impress others and move up in the pecking order. Could Tom have really bought his way to the top? No. The second type of status I call “earned status.” Each major professional sport has a hall of fame. The players enshrined in them stood out among their peers and earned their status in those communities. Earned status is a laudable aspiration. A mentor of mine once said:“Real status does not come from telling people how important you are, but rather from others recognizing your achievements above the rest. Accomplish something, and they will know you are good. You won’t have to say a word.”#3—You don’t have to be a scrooge. Owning nice things can make life more enjoyable. There is nothing wrong with buying cool stuff that makes you happy. Enjoying an expensive glass of wine at dinner does not make you an alcoholic or a spendaholic. However, buying stuff you don’t need with money you don’t have will eventually affect your family, your retirement, and your health. Tom had closets crammed full of clothes, but he still made regular trips to the big city men’s store where he’d drop $10,000 or more each visit. He would leave the store carrying nothing—everything had to be monogrammed and shipped. I can’t remember the last time I saw Tom in a non-monogrammed shirt. After he died, one of his children confided that his designer jeans and socks were monogrammed too. No wonder they said he had an addiction.#4—Short-term gratification is just that: short term. Tom’s life saddens me. He had a great business, employed many people, earned a good income, and was an asset to the community. Had he focused on long-term goals rather than indulging short-term emotional needs, he would have achieved the status he so desperately wanted. Tom fell prey to his desire to constantly feel important. He seemed to think the only way he could satisfy that hunger was to constantly buy clothes and toys. Unfortunately, that addiction is what kept him from his goal. He died bankrupt, and everyone in town knew it.#5—Remember the lessons your grandparents taught you. You can’t buy real friends, nor can you maintain a friendship by constantly flaunting your wealth. True friendship has nothing to do with money. It comes from who you are and how you behave. I have a friend whom I’ve known since high school. He grew up on a farm in a single-parent home. He has built quite a business empire and has more than his share of cool and very expensive toys. Unlike Tom, however, he can actually afford to write a check for them. The friends he is most comfortable with are the ones who knew him when he was poor and are happy for his success. This friend was too busy on the farm growing up to participate in many high school activities. When the school bell rang, he rushed home to work late into the night. Tom, on the other hand, had a different childhood. His parents looked after him financially. They even started the family business that Tom eventually took over. He never learned to save. Money magically appeared when he wanted it for many decades—until it didn’t. Maybe things just came too easy for Tom. He never valued having money, only what it could buy him. I’ll leave that for the professionals to ponder. Forbes and countless T-shirts in the 1980s said, “He who dies with the most toys wins.” There was another popular T-shirt, though—one I’d be proud to wear—that said, “He who dies with the most toys still dies.” Toys are not the measure of a man. The true captain of his own ship looks after his crew and their welfare until his dying day. The folks I know who are truly happy have done just that. A man who doesn’t fixate on toys he neither needs nor can afford has a much better chance at finding lasting happiness. I am a big believer that being “rich” is a state of mind. As you cross the threshold toward retirement, the ability to maintain your lifestyle without worry can help keep you in that mindset. Retirement shouldn’t involve a lot of money worries… and it doesn’t have to. Our goal at Miller’s Money Forever is to help our subscribers become truly rich and make their golden years the best of their lives. Our portfolio is doing quite well, and we have optimal safety precautions in place. If you have not done so already, I urge you to take advantage of our 90-day risk-free offer. We are reasonably priced ($99/year). If you feel we are not for you, cancel within the first 90 days and receive 100% of your money back, no questions asked. Click here to subscribe today.On the Lighter Side I had another good chat with Chad Slagle on his television and radio program. I was in the hot seat, as they say. You can watch along here: Dennis Miller on the Chad Slagle Show. Next week is St. Patrick’s Day, and we love to go to Fountain Hills to watch the green fountain shoot up 300 feet. In Chicago they make the river green, but the fountain is a lot more fun to watch. Last week we went to a Cubs game at the new facility in Mesa, AZ. We were thrilled to see the Budweiser Clydesdale team. Such magnificent animals! I whispered to the lead horse how much I enjoyed his Super Bowl commercial and darned if he did not bob his head up and down a couple of times. Who says those animals aren’t smart? Our good friend Phil works at the Surprise, AZ spring training facility. Each year he gets tickets for our group of Chicago Cub fans in the area. This year 26 couples are going to dinner and the game. It’s always a lot of fun. And finally… Dear friend Toots sent some cute remarks about aging: You’re getting old when you don’t care where your spouse goes, just as long as you don’t have to go along. Statistics show that at the age of 70, there are five women to every man. Isn’t that an ironic time for a guy to get those odds? Old age is when you have stopped growing at both ends, and have begun to grow in the middle. Old age is having a choice of two temptations and choosing the one that will get you home earlier. A man has reached old age when he is cautioned to slow down by his doctor instead of by the police. And my favorite: You’re getting old when “getting lucky” means you find a great parking space. Until next week…last_img read more

first_imgA disabled activist has won a three-year battle with his bank over its refusal to allow him to communicate by email and provide him with a direct telephone contact number as reasonable adjustments.The Financial Ombudsman ruled that the Co-operative Bank had failed in its duties under the Equality Act, and awarded Adam Lotun £800 compensation.He had repeatedly asked over more than three years for the bank to make reasonable adjustments to take account of his hearing impairment, autism and memory problems.As well as turning down Lotun’s request for a way to communicate with the bank by email, it failed to provide a direct telephone number for him and other disabled people to contact staff who were trained to deal with customers with access needs.On several occasions, Lotun (pictured) was stranded away from home without any money because his card had been blocked without his knowledge, as a result of the high level of PayPal transactions on his account.The ombudsman found that he had been unable to unblock the card because he could not stay on hold on the phone for long periods.On one occasion, Lotun had to wheel himself five miles from a retail park and didn’t arrive home until quarter to one in the morning after his card was rejected at a supermarket checkout and he was left without any money for a taxi.The ombudsman said that if he had had a direct contact to call, “all of these occasions would’ve been avoided” because he could have called to get his card unblocked “with ease”.The ombudsman also told Lotun that the bank had told him he could use its text relay system instead of an email, but that “if the time had been taken to understand your needs it would’ve become clear that this isn’t suitable”.The ombudsman concluded: “Overall, I don’t think the adjustments you’ve asked for are unreasonable – namely to be able to communicate with Co-op via e-mail [and] to have a direct telephone contact for emergency situations only.“The former has been rejected by Co-op on several occasions on the basis that they didn’t have a secure e-mail facility.“I don’t think that this was a good enough reason and an attempt should’ve been made to explore this more fully. And I can’t see that Co-op ever proposed suitable alternatives.”The bank has now agreed to set up a secure email address for him, and has provided a telephone number for a team set up to deal with “vulnerable” customers.The ombudsman concluded that Lotun had been caused “unnecessary distress and inconvenience by Co-op’s failure to put your reasonable adjustments into place sooner”, although this appeared to be the result of the bank’s “limited resources” rather than discrimination.The ombudsman said that “a period of three or four years of having to constantly ask for adjustments that weren’t actually that demanding is far too long a period of time.“I also think that if the reasonable adjustments had been put into place in good time you would’ve been spared a lot of distress and inconvenience on several occasions.”A spokesman for the bank said it accepted the ombudsman’s decision.He said: “Since 2013, we have made significant progress in rebuilding the bank, and part of this process has been to completely review how we deal with vulnerable customers, leading to the creation of a vulnerable customer team in late 2016.”He said the bank had introduced company-wide “customer vulnerability awareness training” for its staff, “front-line training in the identification and engagement of vulnerable customers”, and enhanced training for the new “specialist customer vulnerability support teams”, as well as an advice line for its staff.As a result of a new partnership with Citizens Advice Manchester, a full-time advisor from the charity has been appointed to the bank to support customers with “multiple issues” who need support with such areas as housing, benefits and access to social support.The spokesman said: “We also provide appropriate customers with a single point of contact within our central vulnerability teams via a freephone number, via mail or in some instances a secure/encrypted e-mail platform.“We have made significant progress in improving our support for vulnerable customers since this matter was first raised in 2014 and we apologise to Mr Lotun for any inconvenience caused from his ongoing dealings with the bank.”Lotun, who has been a Co-op customer for more than 20 years, said it had been a “long and hard-fought battle” to secure the reasonable adjustments he needed.He said: “The Co-op have now been forced to recognise that they have consistently treated disabled customers negatively and that they have also been forced to recognise their actions and to also create and implement a specialist team to provide the best services possible for disabled customers.“In my view, a bank that promotes itself as a ‘ethical bank’ should not have to be challenged for so long in this way for ‘ethical standards’ to be put into place.”last_img read more

first_imgAddThis ShareMEDIA ADVISORYDavid Ruthdavid@rice.eduRice will be closed for holiday recess Dec. 24 through Jan. 4 HOUSTON – (Dec. 23, 2014) – Rice University will be closed for holiday recess from noon Dec. 24 through Jan. 4. The university will reopen Jan. 5.During this time, the News and Media Relations office will have limited access to university experts. For urgent inquiries, the team member on call can be reached at 713-348-6774.Rice University wishes you and yours a safe and festive holiday. Rice will kick off its break by watching the Owls play the Fresno State Bulldogs in the Hawaii Bowl at 7 p.m. CST Dec. 24. For complete information on the bowl game, visit the Owls’ Bowl Central page here.In recognition of Rice Athletics’ multiple conference championships, student-athletes’ academic achievements in the classroom and the football team’s third-straight bowl game, Rice President David Leebron honors the various sports teams in his 2014 holiday e-card. Click below to view it on YouTube.Rice University students, faculty and staff were busy in 2014. Click below to view a video recap on YouTube.Rice University has new B-roll available for 2015. To receive the footage via drop box, email David Ruth at david@rice.edu.-Ho! Ho! Ho!-Follow Rice News and Media Relations on Twitter @RiceUNews.Follow Rice Football at the Hawaii Bowl on Twitter @RiceFooball1Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,920 undergraduates and 2,567 graduate students, Rice’s undergraduate student-to-faculty ratio is just over 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is highly ranked for best quality of life by the Princeton Review and for best value among private universities by Kiplinger’s Personal Finance. To read “What they’re saying about Rice,” go here.last_img read more

first_imgJust in time for the holidays, Apple added a new gifting option that will allow you to give the gift of in-app purchases to your friends and family. (c)2018 USA TodayDistributed by Tribune Content Agency, LLC. Facebook ‘gifts’ launch, users can send presents Citation: Apple tweaks app rules to allow users to gift in-app purchases (2018, December 24) retrieved 17 July 2019 from https://phys.org/news/2018-12-apple-tweaks-app-users-gift.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further In an update to its App Store guidelines, the tech giant announced that “apps”—or app developers—are authorized to enable iOS users to buy in-app goods for one another. That includes both ongoing subscriptions and one-time gifts.Apple’s previous policy didn’t permit such gifts.First spotted Wednesday by MacRumors, the language located under the Payments section of the guidelines now states: “Apps may enable gifting of items that are eligible for in-app purchase to others. Such gifts may only be refunded to the original purchaser and may not be exchanged.”The previous wording stated: “Apps should not directly or indirectly enable gifting of in-app purchase content, features, or consumable items to others,” according to MacRumors.The iPhone maker does not offer any insight into how the integration of internal-content-gifting will work, however.Currently, if you wish to give a nonfree app to someone, you tap the blue and white three-dots icon located across from the app’s price. You’ll then be prompted to send the app via email to the recipient.Apple’s latest move could really benefit gamers who use in-app currency such as “Fortnite” V-Bucks. Users could also gift premium content such as locked photo filters and ad-free app upgrades.last_img read more

first_imgSHARE SHARE EMAIL COMMENTS SHARE Paper trail matching: EC says will implement Apex court directions with immediate effect COMMENT The Supreme Court Monday directed the Election Commission to increase random checking of VVPAT slips from one booth per assembly segment to five in Lok Sabha polls for better voter confidence and credibility of electoral process.A bench headed by Chief Justice Ranjan Gogoi however did not agree to the request of 21 opposition parties leaders that VVPAT slips of 50 per cent EVMs be matched, on the ground that it will require huge manpower and not be feasible in view of infrastructural difficulties.The bench, also comprising Justices Deepak Gupta and Sanjiv Khanna, disposed of the petition filed by opposition parties including TDP chief Chandrababu Naidu on the issue national elections RELATED April 08, 2019 Supreme Court of India Published onlast_img read more