by Rob Roper The Vermont House Ways & Means committee just passed out a $48.3 million package of new or increased taxes and fees. The list includes an increase the fuel gross receipts tax that will at two to three cents to every gallon of home heating fuel, a new application of the 9 percent rooms and meals tax to private rentals done through such sharing programs as AirBnB, and a 25 percent hike in the bank franchise tax.On the fee side, the state will rake in an additional $10.5 million from folks renewing their drivers’ licenses and registering their vehicles, etc. at the DMV. The biggest item is a $20.8 million increase in the fee to sell mutual funds in Vermont. This sets a very bad precedent as a fee is supposed to raise only enough money to cover the costs of regulating the entity paying the fee. It is not supposed to generate revenue for the general fund as this “fee” hike does. Keep in mind, this $48 million is on top of last year’s $30 million in general fund tax increases, which included such delights as an $11 million worth of increases to income taxes, adding the six percent sales tax to some, but not all, sweetened beverages, and the truly creative application of the rooms and meals tax to snacks purchased out of vending machines.Montpelier has a serious spending problem, and it has demonstrated that it cannot restrain itself.These large and all too regular tax increases are part of what’s been called a “structural deficit” brought about by the state spending money at a faster pace (roughly 5 percent annual increases) than the economy can generate revenues (roughly 2 percent annual increases). Given that Vermont has a very low 3.7 percent unemployment rate and still can’t keep up with Montpelier’s appetite for cash, it’s obvious that it’s the spending side that’s got to give.One solution that would be a tremendous help to overburdened Vermont taxpayers would be the passage of a Taxpayers’ Bill of Rights (TABOR). Colorado passed such a law in 1992 that said, in a nutshell, state spending could increase year over year only by the rate of inflation plus population growth. Any revenue generated over and above that amount had to be – by law – returned to the taxpayers in the form of a rebate. Of course the bureaucratic entities of Colorado’s state government howled bloody murder and declared it the end of the world, but…In 2006, Matthew Ladner, then of the Goldwater Institute, did a study on poverty throughout the country which revealed some interesting results of Colorado’s TABOR. First of all, Ladner discovered that, “Colorado’s economy has been exceptionally strong. Between 1995 and 2000, Colorado ranked first among all states in gross state product growth and second in personal income growth.” What’s more, he found that after instituting TABOR, Colorado was able to reduce the number of children living in poverty by a whopping 26.9 percent – the best record in the nation.How can this be? The best policy to unleash economic growth and broad-based prosperity is to restrain government – and vice versa. Here in Vermont we have the vice versa. The myriad of taxes, large and small, that are continuously raining down from Montpelier onto our citizens and businesses are as demoralizing as they are costly.Consider the decision to add the sales tax to some sweetened drinks. Seems like a small thing, but it is a nightmare for hundreds of small business owners struggling to comply with unclear definitions applied to scores of products, and facing fines if they mess up.Consider the 25% rise in the bank franchise tax. Doesn’t affect me, so who cares. Right? Well, Chris D’Elia, president of the Vermont Bankers Association, predicted the increase would likely lead to “job cuts, less lending and reduced charitable giving by those banks,” according to an interview with Seven Days. Think of that when you can’t get a loan or your favorite local charity loses a sponsor for the big, annual fundraising event.And consider all the taxes that have been discussed and bypassed, but will surely be back on the table when the next hundred million hole appears next year: the bottled water tax, new taxes on satellite television services, expanding the sales tax to services, the two cent per ounce excise tax on sugary beverages, and, of course, the half a billion dollar a year carbon tax. How do you plan for the future when you’re constantly worried about what tax is coming next?This has to stop. And this is why the next governor and the next crop of legislators need to make passing a Taxpayers’ Bill of Rights a top priority for January 2017.Rob Roper is president of the Ethan Allen Institute. He lives in Stowe.
by: Henry MeierA day after the CU Times reported that NACUSO issued a call-to-arms urging credit unions to help fund regulatory and potential legal actions designed to protect CUSOs against regulatory encroachments by the NCUA, it is being reported that Home Depot’s data theft was much more serious than initially reported. Not only were a mere 56 million credit card accounts compromised, but 53 million email addresses were also stolen. It now appears that access to the system came from a password stolen from one of the company’s vendors. Just how many issues does this raise? Let me count them.Look to you left, look to your right. Then look down the hallway. Think about the most technologically incompetent person you have working for your credit union. Realize that your data security is only as safe as that employee can make it. Data security starts with your employees. Only give access to databases to those who truly need it. The hackers are so sophisticated now that once they have access to a password, they can virtually sneak around your system and find more and more vulnerabilities.I’ve said it once and I’ll say it again, and I expect NCUA will be saying it to you shortly: your vendor contracts are absolutely crucial. Given the explosion of technology, it is only natural that credit unions are going to turn to vendors. If they don’t they won’t be able to provide the type of services that members expect. But turning to the vendor doesn’t absolve the credit union of ultimate responsibility for the services the vendor is providing or the continuing need to protect member information. Consequently, just like Warren Buffet never invests in a business he doesn’t understand, your credit union should never contract for technology it doesn’t comprehend. Your vendor relationships must include ongoing monitoring by knowledgeable employees on your staff. You should make sure that your vendors document on an ongoing basis that they are compliant with the latest data security standards. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Toronto-based North American Development Group (NADG) and sales and marketing partners AZarchitecture/Jarson & Jarson Real Estate, together with City of Scottsdale officials, celebrated Wednesday the groundbreaking of Eldorado on 1st, a new mixed-use residential development concept designed by renowned Phoenix architect Will Bruder.Eldorado on 1st is a collection of seven refined city homes located at 6901 E. 1st Street in the heart of Scottsdale’s Urban Arts District. The development combines spacious and functionally poetic living spaces, innovative architecture, artistic design and highest quality materials with a location providing future homeowners with immediate access to the numberless arts, dining, cultural and entertainment amenities in downtown Scottsdale.“With only seven homes available, Eldorado on 1st is a truly exclusive opportunity for a select group of homeowners to experience the finest in urban living in an unparalleled location,” said Chris Chamberlain, a development partner with NADG’s Scottsdale office. “We’re pleased to introduce this singular project to the community.”“In Scottsdale, we have a cherished tradition to protect…to be a community one aspires to live in. You aspire to reach the point that you can move here to be part of this community; to be part of all it has to offer – the arts, culture and cuisine,” said Scottsdale Vice Mayor David N. Smith. “For this project we were challenged to think outside the box and we did that. I was proud to be part of the approval process and proud to see the development here.”Eldorado on 1st offers homes ranging in size from 3,202 to 3,472 square-feet, starting at $1.58 million. The multi-level homes are located above two street front offices at the intersection of 1st Street and El Dorado.Eldorado on 1st is NADG’s first urban residential development in Arizona. The $14 million development is wholly influenced by an art and design sensibility.“The architecture of the homes at Eldorado on 1st is envisioned to set a new standard of sophisticated and distinctive desert design, elegance and comfort,” said Bruder. “In massing and in scale, materiality and form, each home will be a unique invention for urban living animated each day by the ever changing patterns of shadow and light, giving memory to the subtle seasonal nuances of life.”Eldorado on 1st homes are designed with concrete and steel construction throughout, superior sound isolation, secured access drive and entry lobby, and attached oversize garages. Personal elevators serve individual dwelling units, and open-tread stairwells will be naturally illuminated with clerestory windows.From left to right, Vice Mayor David N. Smith; Will Bruder, architect; NADG Development Partner Chris Chamberlain; Ben Irwin, Frontera Building Co.; Scott Jarson, AZarchitecture/Jarson & Jarson Real Estate (Photo by Dave Seibert)Homebuyers will choose from flexible floor plans, all of which feature well-proportioned master suites with generous walk-in closets. Each home will have a private, shaded rooftop patio and valet closets for convenient refuse collection service. A community pool and spa will serve all residents.Exquisite finishes will set Eldorado on 1st apart from other luxury urban living projects and include smooth plastered walls with museum reveal bases, wide plank walnut floors in living areas and bedrooms, Bulthaup kitchens, large format washroom tile floors, custom white oak casework, and customizable Elfa closets.South Korean-born artist Jay Atherton has been commissioned to create an art installation for the community entitled Four Points for Contemplation.The general contractor for Eldorado on 1st is Frontera Building Company, of Phoenix. Scott Jarson and Tracey Zemer with AZarchitecture/Jarson & Jarson Real Estate are handling sales.Construction and pre-sales for Eldorado on 1st are now underway, and construction is expected to be complete by early 2017.The Eldorado on 1st Sales Center is located within the offices of AZarchitecture/Jarson & Jarson Real Estate, at 3707 N. Marshall Way, Unit 5, in Scottsdale, Ariz. The Sales Center is open Monday through Saturday, with presentations by appointment.To make an appointment or for more information, visit www.eldoradoon1st.com or call (480) 254-7510.
“We were not able to investigate the specific mechanisms by which multimorbidity contributes to cognitive impairment; however our findings are consistent with the hypothesis that multiple etiologies may contribute to late-life cognitive decline and thus emphasize the importance of prevention,” said Dr. Rosebud Roberts, senior author of the Journal of the American Geriatrics Society study. “They also emphasize that chronic diseases, once diagnosed, should be efficiently managed.” Share Email In a new study of older adults, having multiple chronic conditions was linked with an increased risk of mild cognitive impairment (MCI) or dementia.Investigators assessed 2176 cognitively normal participants who were an average age of 78.5 years and were followed for a median of 4 years. Participants with more than 1 chronic condition were 38% more likely to develop MCI/dementia. Participants with 4 or more conditions had a 61% increased risk compared with those with 0 or 1 condition. Men also had a higher risk than women.The findings suggest that preventing chronic diseases may help aging adults maintain their mental health. LinkedIn Share on Twitter Pinterest Share on Facebook
Brexit. Sounds like a brand of Fifties’ dog biscuits. “Winalot Brexit: for healthy teeth and gums.” On my table, despite the weird name and nine months since the vote, Brexit still provokes fierce rows. Chatham House rule. So no names, but here are the ideas.“Look, the Leave majority was mostly over 65s. So by the time we actually leave and have a trade deal, ordinary mortality rates mean the UK will be majority Remain!” “That’s offensive – and what about the Left Behinds?” “Isn’t it pointless? Like divorcing your partner and then negotiating for five years to move back in – on slightly worse terms?”“The EU is a federal project…best get out now on our own terms, and go global.” “One of my Middle Eastern clients said, Yemen and Syria – I would do anything for a problem like Brexit!” I have another large glass of rosé and wonder what we all talked about before Brexit dropped into our baskets. What is true is that the general economy has so far brushed Brexit aside, but real estate has felt it. How much is not certain, but the amount of UK real estate bought and sold last year was down 25% – and some of that was referendum driven.Some brilliant points were made about London’s power and resilience. London has 49% of the global derivatives market, 20% of the cross border lending market and 41% of the World’s Forex market. More than New York and Tokyo combined. I knew London was big, but wow! Riding out BrexitIt must mean London will ride Brexit. Look, it rode the Blitz and even survived not existing for a few hundred years after the Romans left. It can live without the European Union. Frankfurt and Paris cannot suddenly create this sort of infrastructure and take London’s finance crown. But, we shouldn’t be complacent. New York and Tokyo could. The government needs to work hard to get London’s (and the UK’s) financial services industry strong passporting rights and free market access. One speaker says financial services has been declining as a percentage of London jobs and office occupation since the ’90s. TMT companies are now London’s biggest space takers, and banks are as likely to relocate to Birmingham as Berlin. “Don’t worry that the banks will go, just be thankful they’ve already gone!” This contrarian argument: that London is no longer a city of bankers, but a city of chai-latte sipping creatives, is partly true. But we would still look pretty silly if we lost the massive part of its market that still is traditional financial services. DExEU take note. There is one area where London can feel Berlin’s post-Brexit breath on its neck. Fintech is more mobile than old financial services. And Berlin is a rising city. Berlin is cool and cheaper than London. So we should wake up and put together a package of post-Brexit measures to help Fintech companies choose Kings Cross, not Kreuzberg.Source: Shutterstock/Zoltan GaborBrexit is about to begin for real. The Bill has passed and Mrs May’s pen is poised over her Article 50 letter. The ‘Phoney War’ is ending. Businesses need to start preparing and planning now: on trade, people, transition and timing. The two-year Brexit negotiation period will burn-by very quickly. The French and German elections, and the final ratification process, are all expected to shorten the time for substantive talks. This journey is going to be a surprisingly short one. By mid-2019, the UK will almost certainly be out of the EU. But an Eversheds Sutherland survey this week showed that 4/5ths of UK businesses have no plan for Brexit and are not planning to produce one. So as the Brexit bus moves off, much of UK commerce is asleep on the back seat. They need to wake up and begin informed Brexit planning. Whether we like it or not the Brexit bus is leaving. We are all on it together. We must all work hard to make a success of the journey and of the global stop that follows. Because future generations won’t judge us by the result of the referendum, but by what we did with it.Bruce Dear, head of London real estate, Eversheds Sutherland.
Coach Mike Sullivan told reporters that Crosby was concussed in practice Friday and that there was no timetable for his return. The diagnosis came as the Penguins prepare to raise their championship banner Thursday night before a home game against Alex Ovechkin and the Washington Capitals. Sullivan declined to reveal how the concussion happened. General manager Jim Rutherford said Crosby was held out of the preseason finale against Columbus on Saturday because he wasn’t feeling well and didn’t practice Monday to go through concussion testing.“Our medical staff will take the appropriate measures moving forward,” Sullivan said.The 29-year-old Crosby took blows to the head during the 2011 Winter Classic and in his next game that year, on Jan. 5 against the Tampa Bay Lightning. He was out until November. A hit Dec. 5 knocked him out until March, with the combined absences limiting Crosby to just 69 games over two seasons from 2010-2012. A broken jaw ended Crosby’s lockout-shortened 2013 season.Crosby has 338 goals and 600 assists in 707 NHL games. Four months ago, he led the Penguins to the fourth Cup in franchise history after piling up 85 points in 80 games.“He’s obviously an important player for us,” Sullivan said. “We’re fortunate that we have the depth that we have. We believe we have capable people that can help this team win, and that’s how we’ll approach it.”Concussions have been a thorny issue for the NHL in recent years, as they have for the NFL and other sports. The league stiffened penalties for hits to the head in hopes of reducing injuries, but more than 100 former players have sued the NHL and alleged it had the resources to better prevent head trauma, failed to properly warn players of such risks and promoted violent play that led to their injuries.The NHL upgraded its concussion policies for the upcoming season, giving spotters authority to remove players from the game if there are visible symptoms. That would not have helped Crosby in this situation.Without Crosby, the Penguins will lean on center Evgeni Malkin and winger Phil Kessel to make up for the loss in production. Sullivan isn’t concerned about his captain’s injury causing a leadership void.Asked if it’s possible that Crosby’s concussion isn’t that bad, Sullivan said yes. He said Crosby was not discouraged or frustrated by the news.“It is what it is,” Sullivan said. “Injuries are part of our game. Part of the challenge is for us to try to help Sid get healthy as quickly as possible, and that’s what we’re going to do. We don’t look at it any other way. For me frustration at this point is a useless emotion.”___Follow Stephen Whyno on Twitter at http://www.twitter.com/SWhyno,Sidney Crosby was playing the best hockey of his life. Now his extraordinary year is on hold and no one is sure when he will be back on the ice.Pittsburgh said Monday that its superstar center has been diagnosed with at least his third concussion just a few days before the defending Stanley Cup champion Penguins open their season.Crosby has been in dominant form, clearly they best player in hockey. He finished as a Hart Trophy finalist as league MVP, won the Conn Smythe Trophy as playoff MVP and led Team Canada to the World Cup title just a few months after winning his second Cup with the Penguins.His short- and long-term future is in doubt after another concussion, an injury that has dogged him off and on over six years. Coach Mike Sullivan told reporters that Crosby was concussed in practice Friday and that there was no timetable for his return. The diagnosis came as the Penguins prepare to raise their championship banner Thursday night before a home game against Alex Ovechkin and the Washington Capitals. President Barack Obama helps Pittsburgh Penguins team captain Sidney Crosby carry the Stanley Cup during a ceremony honoring the Stanley Cup champion Pittsburgh Penguins, Thursday, Oct. 6, 2016, during a ceremony in the East Room of the White House in Washington. (AP Photo/Manuel Balce Ceneta) Sidney Crosby was playing the best hockey of his life. Now his extraordinary year is on hold and no one is sure when he will be back on the ice.Pittsburgh said Monday that its superstar center has been diagnosed with at least his third concussion just a few days before the defending Stanley Cup champion Penguins open their season.Crosby has been in dominant form, clearly they best player in hockey. He finished as a Hart Trophy finalist as league MVP, won the Conn Smythe Trophy as playoff MVP and led Team Canada to the World Cup title just a few months after winning his second Cup with the Penguins.His short- and long-term future is in doubt after another concussion, an injury that has dogged him off and on over six years. Sullivan declined to reveal how the concussion happened. General manager Jim Rutherford said Crosby was held out of the preseason finale against Columbus on Saturday because he wasn’t feeling well and didn’t practice Monday to go through concussion testing.“Our medical staff will take the appropriate measures moving forward,” Sullivan said.The 29-year-old Crosby took blows to the head during the 2011 Winter Classic and in his next game that year, on Jan. 5 against the Tampa Bay Lightning. He was out until November. A hit Dec. 5 knocked him out until March, with the combined absences limiting Crosby to just 69 games over two seasons from 2010-2012. A broken jaw ended Crosby’s lockout-shortened 2013 season.Crosby has 338 goals and 600 assists in 707 NHL games. Four months ago, he led the Penguins to the fourth Cup in franchise history after piling up 85 points in 80 games.“He’s obviously an important player for us,” Sullivan said. “We’re fortunate that we have the depth that we have. We believe we have capable people that can help this team win, and that’s how we’ll approach it.”Concussions have been a thorny issue for the NHL in recent years, as they have for the NFL and other sports. The league stiffened penalties for hits to the head in hopes of reducing injuries, but more than 100 former players have sued the NHL and alleged it had the resources to better prevent head trauma, failed to properly warn players of such risks and promoted violent play that led to their injuries.The NHL upgraded its concussion policies for the upcoming season, giving spotters authority to remove players from the game if there are visible symptoms. That would not have helped Crosby in this situation.Without Crosby, the Penguins will lean on center Evgeni Malkin and winger Phil Kessel to make up for the loss in production. Sullivan isn’t concerned about his captain’s injury causing a leadership void.Asked if it’s possible that Crosby’s concussion isn’t that bad, Sullivan said yes. He said Crosby was not discouraged or frustrated by the news.“It is what it is,” Sullivan said. “Injuries are part of our game. Part of the challenge is for us to try to help Sid get healthy as quickly as possible, and that’s what we’re going to do. We don’t look at it any other way. For me frustration at this point is a useless emotion.”___Follow Stephen Whyno on Twitter at http://www.twitter.com/SWhyno
However, he returned to start the cup final at right-back, only to suffer more bad luck with the game barely underway. Upd. at 10:55 Barcelona defender Javier Mascherano injured his knee as well as his head against Alaves in the Copa del Rey final. Mascherano had previously missed the final two games of the season with a thigh muscle problem. Supporters of the Catalan club will hope it’s not the last they see of him and that he’s back in action again after the summer. IN SPORT.ES CEST Barça have since confirmed: “Mascherano has suffered a cut to his head which needed stitches, concussion and an injury to his right knee which will require further tests.” 28/05/2017 Mascherano sufre también una lesión en la rodilla derecha SPORT.ES The Argentine was taken off on a stretcher after an 11th minute clash of heads with Marcos Llorente.
Advertisement mragNBA Finals | Brooklyn VsnssgnWingsuit rodeo📽Sindre Ept( IG: @_aubreyfisher @imraino ) 8n8o8Would you ever consider trying this?😱301Can your students do this? 🌚82gzoRoller skating! Powered by Firework Former Manchester United and Everton long time goalkeeper Tim Howard has decided to call it a day, and is set on retiring come October when the 2019 MLS season comes to an end. The American goal stopper officially revealed the news himself via his Twitter earlier yesterday. Advertisement Howard joined the Red Devils for US $4M in the summer of 2003 and stayed at Old Trafford for further 4 years where he won the FA Cup and League Cup, before being loaned out Everton in the 2006-07 campaign, where he left his mark upon his arrival in Merseyside, as a £3 million deal was offered to him the very next season in 2007.The 39-year old goalkeeper made a club record for the most clean sheets with Everton, during the 2008-09 season. Howard even scored his first goal for the Merseyside club in a 2-1 defeat to Bolton Wanderers, as his wind-assisted 101-yard clearance went past Bolton ‘keeper Adam Bogdan’s goal line, becoming only the fourth goalkeeper in the Premier League to have registered his name on the goal scorer’s sheet.Advertisement After making a grand total of 329 appearances for Everton, Howard left England to return to his homeland in 2016, and joined MLS side Colorado Rapids. Earlier yesterday Howard tweeted that he will be retiring once the current MLS season comes to an end in October. Advertisement
Image Courtesy: Aaj TakAdvertisement 121ijNBA Finals | Brooklyn Vs6xreWingsuit rodeo📽Sindre E8by4e( IG: @_aubreyfisher @imraino ) blcpWould you ever consider trying this?😱4nssCan your students do this? 🌚9r6cRoller skating! Powered by Firework The group stage of the tournament culminated with the Super Sunday fixtures which saw CSK and MI secure the top two spots while KKR crashed out of the competition.Advertisement Match 1: Kings XI Punjab vs Chennai Super KingsImage Courtesy: Aaj TakKXIP went out on a high after a convincing win against Chennai Super Kings in Mohali. Naming a solitary change in the form of Harpreet Brar in place of Arshdeep Singh, Ravichandran Ashwin opted to bowl after winning the toss.CSK’s top order woes prolonged after Shane Watson endured yet another failure. Faf Du Plessis, however, went on to score his career-best score of 96. The South African missed his ton by 4 runs after Sam Curran snapped his wicket.Advertisement The Yellow army failed to capitalise in the death overs in a rare instance and were only able to post 170-5 after being on course to score 190.KL Rahul continued with his electric form by taking the CSK bowling attack apart in the powerplay. The opener played a solid knock of 71 and helped the team scale down the total with 2 overs to spare.Advertisement Since the hosts were unable to chase the total inside 14.2 overs, CSK managed to achieve a spot in the first qualifier despite the defeat.Brief Scorecard:CSK 170-5 (20 overs) (Faf du Plessis 96; S.Curran 3-35)KXIP 173-4 (18 overs) (KL Rahul 71; H.Singh 3-58)Match 2: Mumbai Indians vs Kolkata Knight RidersKolkata Knight Riders failed to make the cut after a heavy defeat against the Mumbai Indians at the Wankhede Stadium. A lacklustre effort with both bat and ball ended KKR’s hope of making it to the top 4 after failing to match Sunrisers’ net run rate.Opting to bowl after winning the toss, Rohit Sharma named two changes. Mitchell McClenaghan and Ishan Kishan were slotted in place of Evin Lewis and Barinder Sran.The lethal Mumbai Indians got into work right away by strangling the Kolkata Knight Riders’ batting line-up. Robin Uthappa endured a nightmare between the 22 yards while Andre Russell was dismissed for a first ball duck. The batting failure meant that Mumbai Indians only had to chase down 134 to take the first spot in the IPL table.Courtesy of Rohit Sharma’s half-century and an explosive cameo by de Kock at the top, Mumbai Indians were able to scale down the total without any hiccups.This victory sees MI, CSK, DC and SRH qualify for the playoffs. This would be the first time in the tournament’s history that a side will play the eliminator with 18 points and 12 points.Read AlsoIPL 2019 Day 44: KXIP vs CSK and MI vs KKR PreviewIPL 2019: DC vs RR and RCB vs SRH Review Advertisement
By DAVID NAGEL TAKING on board a Pink Ladies Day message from South East Football Netball League Operations Manager Liz…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.