Maine ~ Multiple Taxes: 2017 Personal Income Tax Rates, Relief for Hurricane Victims, Auto Buyback Settlement, and More Discussed

first_imgCCH Tax Day ReportMaine Revenue Services (MRS) has issued a Tax Alert that includes information regarding (1) the 2017 Maine personal income tax rate schedules, standard deduction, and personal exemption amounts; (2) tax filing relief for taxpayers affected by Hurricane Matthew; (3) the due date for pass-through entity withholding forms; (4) sales tax implications of the Volkswagen and Audi buyback settlement; and (5) changes to the prepaid wireless fee.2017 Personal Income Tax Rates, Standard Deductions, and Personal ExemptionsThe Tax Alert contains the 2017 personal income tax rate schedules, which are based on statutory rates of 5.8%, 6.75%, 7.15%, and 10.15%. The top rate is imposed on taxpayers with taxable income over $200,000. In addition, MRS announced that the 2017 standard deduction is $11,600 for married taxpayers filing separately, $11,600 for single taxpayers, $17,400 for heads of households, and $23,200 for married taxpayers filing jointly. The personal exemption amount is $4,050 for the 2017 tax year.Tax Relief for Hurricane VictimsMRS also announced that Maine tax filing relief is available for taxpayers located in the federally declared disaster areas affected by Hurricane Matthew. Taxpayers who reside or have a business located in the Hurricane Matthew disaster area will have until March 15, 2017, to file tax returns and submit tax payments that were due on or after October 4, 2016, and before March 15, 2017. The relief applies to all taxes administered by MRS, which will abate interest and any late filing or late payment penalty that would otherwise apply. However, the extended due dates do not automatically apply to Maine Form W-3ME and information returns, such as Forms W-2 and 1099. Extensions for filing these forms will be granted on a case-by-case basis for reasonable cause.To qualify for relief, affected taxpayers should write “HURRICANE MATTHEW” across the top of their return. Businesses or individuals located in the federally declared disaster area who receive penalties and interest for filing returns or paying taxes late during the relief period should contact MRS at 207-626-8475 (income tax programs) or 207-624-9693 (sales tax programs) for a waiver of the penalties and interest.If the IRS grants relief to other areas affected by the hurricane or grants an additional relief period, MRS intends to grant similar relief to affected Maine taxpayers.Due Date for Pass-Through Entity WithholdingMaine generally conforms to the federal changes to the original and extension due dates for corporate and partnership returns for tax years beginning on or after January 1, 2016. However, that for the 2016 tax year and thereafter, Form 941P-ME is due by March 15 each year, even if the entity operates on a fiscal year basis. If an entity has an extension from the IRS for filing its federal information return (Form 1065 or 1120S), the due date for filing Form 941P-ME is automatically extended for an equivalent period of time (generally up to six months, but no longer than eight months). If any pass-through entity withholding is due, that amount must be paid by March 15, 2016 (no extension to pay is allowed). Fiscal year entities must complete Form 941P-ME on the basis of entity information for the fiscal year that ends during the calendar year for which the form is filed. For example, an entity with a fiscal year ending June 30, 2016, would complete the 2016 Form 941P-ME by March 15, 2017, on the basis of the entity’s information for the fiscal year that ends June 30, 2016.Sales Tax on Buyback SettlementWith regard to the Volkswagen and Audi buyback settlement, MRS reminded taxpayers that sales tax will be due on the purchase of the replacement vehicle. The buyback is not a trade-in.Prepaid Wireless FeeFinally, the Tax Alert notes the increase to the prepaid wireless fee, effective January 1, 2017, from $1.01 per retail transaction to $1.16 per retail transaction.Maine Tax Alert, Vol. 26, No. 8, Maine Revenue Services, December 2016, ¶200-853last_img read more

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Samsung to launch Galaxy Note 5 in India on September 7

first_imgAlmost three weeks after launching its flagship Galaxy S6 Edge+ in India, South Korean tech major Samsung looks set to launch its ‘other’ major flagship Galaxy Note 5 phablet in the country on September 7. Samsung is holding a media event in the national capital on the said date to launch its ‘most powerful and dynamic Galaxy yet’, aka the Note 5.Also Read: Samsung launches Galaxy S6 Edge+ in India for Rs.57,900 The Galaxy Note 5 was announced by Samsung along with the Galaxy S6 Edge+ in August. The Galaxy S6 Edge+ is now available in India for Rs.57,900 (32GB). Samsung at the time of launching the Edge+ had said that it will be holding a separate launch event soon to announce the availability of the Galaxy Note 5 in India.The Galaxy Note 5 is the successor to the Note 4 and comes with a 5.7-inch QuadHD Super AMOLED display with a 1440×2560 pixels resolution and 518 ppi pixel density. The screen is protected by Corning Gorilla Glass 4.The Note 5 is powered by a 2.1 GHz octa-core Exynos 7420 processor coupled with Mali-T760 GPU and 4GB RAM. The Note 5 is available in 32GB and 64GB memory variants. However, Samsung brought just the 32GB variant of the Galaxy S6 Edge+ to India, so it’s yet to be seen if India would be getting both the variants of the Note 5 or not. The Note 5 does not support expandable storage.Also Read: Note 5, S6 Edge+: Top features of Samsung’s bigger and sexier phablets The phablet runs Android 5.1.1 Lollipop-based TouchWiz UI on top and comes with a fingerprint scanner on the front.advertisementIt sports a 16-megapixel rear camera with optical image stabilization and LED flash along with a 5-megapixel front camera.The Note 5 is backed by a non-removable 3,000 mAh battery and supports fast charging and wireless charging.The Note 5 comes with Samsung’s trademark S Pen that now allows instant note-taking without needing to power up the phone.Also Read: Samsung Galaxy S6 Edge+ first impressionslast_img read more

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Lodha Committee report on BCCI submitted in Supreme Court

first_imgTrying to rebuild its tattered image after a spate of controversies, the BCCI is waiting anxiously for the Justice Lodha Committee’s report which is set to recommend a host of reforms for the cricket body today.While the three-member committee comprising Justice (Retd) RM Lodha, Justice (Retd) Ashok Bhan and Justice (Retd) RV Raveendran has submitted their report to the Supreme Court, the BCCI will be keenly watching the proceedings as to whether the Apex Court makes the recommendations binding or not.There are reports in some quarters that the panel may recommend that politicians should not be part of the Board which is run as a society registered under the Tamil Nadu Societies Registration Act.The executive functionaries are all honorary office-bearers with most of the top state cricket associations being run by either a politician, or a bureaucrat or a heavyweight industrialist. Barring former India captain Sourav Ganguly, who is the Cricket Association of Bengal (CAB) president and Dilip Vengsarkar, vice-president of Mumbai Cricket Association (MCA), none of the top cricketers are running the show in state units.The second contentious issue that probably will be dealt with in the report is the ‘Conflict of Interest’.The committee may also suggest making IPL a separate private limited company under section-8 which has to reinvest all its profits.Among the major points on governance structure, it needs to be seen if the all-powerful working committee may be done away with suggestions about having a paid Board of Directors.Politicians in BCCIadvertisementThe most contentious issue would be the committee’s recommendations on politicians, who occupy top positions in the Board. Already resentful of any such move, a lot of members in the BCCI have already started saying it is tough to ensure that only ex-players can prove to be good administrators.They feel French football legend and now tainted former UEFA boss Michel Platini is an example of how things may go haywire even if a top player comes in administration.  If there are sweeping changes suggested which are legally binding, then there could be an administrative shake up just before the marquee ICC World T20.”Is there a guarantee that former players would do a better job than politicians turned sports administrators? If that is so why did Michel Platini get banned for eight years on charges of financial impropriety,” a senior politician and prominent BCCI official questioned.”One of the finest and prudent presidents of BCCI was Late NKP Salve. Similarly late Jagmohan Dalmiya was a businessman and IS Bindra, a bureaucrat. Didn’t they make BCCI a financially stable organisation,” he added.For top BCCI officials, their argument is “We are elected members of state associations. We have come through Democratic election process. We believe a person can be wrong but not the profession.”last_img read more

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Omitted from World Cup squad, Ambati Rayudu retires from cricket

first_imgPublished on Ambati Rayudu SHARE July 03, 2019 COMMENT Ignored for the ongoing World Cup, Indian middle-order batsman Ambati Rayudu has decided to retire from all forms of cricket, a BCCI official has revealed.The 33-year-old Andhra batsman was in the official stand-by list for the big event in United Kingdom, but was ignored despite injury to all-rounder Vijay Shankar. Opener Mayank Agrawal was brought in on the team management’s insistence. The player is yet to make a formal announcement but a Board official told PTI that he has communicated his decision to the BCCI. “He has told the Board,” the official said.Rayudu played 55 ODIs for India, scoring 1694 runs at an average of 47.05. The player, who could never break into the Test team, was in the spotlight before the World Cup.Declared the preferred No.4 batsman by captain Virat Kohli not many months ago, Rayudu was ignored for Shankar in India’s final squad for the big event. Chairman of selectors MSK Prasad had justified the move by saying that Shankar had “three-dimensional skills”. Rayudu then took a dig at that statement with a cheeky social media post. “Just Ordered a new set of 3-D glasses to watch the world cup,” he had tweeted at the time. Rayudu earned the reputation of being a temperamental player owing to several confrontations with fellow cricketers and even match officials in the domestic circuit. cricket Ambati Rayudu SHARE SHARE EMAIL × COMMENTSlast_img read more

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TransCanadas Keystone XL pipeline cleared by Nebraska commission

first_imgTodd Lamirande APTN NewsNebraska’s Public Utilities Commission narrowly approved the TransCanada Keystone XL Pipeline’s route three to two on Monday.The vote came on the heels of a major oil leak of the Keystone pipeline in South Dakota where an estimated 795,000 litres of oil spilled on farmland near the border with North Dakota.But since the pipeline had already received environmental approval, the commission could not consider leaks and spills in its decision.The vote broke down along gender lines: commissioners Frank E. Landis Jr., Tim Schram and Rod Johnson voted for it, while Mary Ridder and Crystal Rhodes voted against it.Rhodes was the only commissioner who gave reasons for how she voted during Monday’s public hearing.Rhodes gave six reasons, including how TransCanada admitted to not having consulted Native Americans in Nebraska.“That (TransCanada) had worked with the Southern Ponca Tribe, who reside in Oklahoma, not Nebraska,” she said.Rhodes was also critical that the preferred and mainline alternative routes still run through several kilometres of fragile soil, that the mainline alternative route still crosses the Ogalala Aquifer, and that there was no evidence that jobs created by the its construction would benefit people in Nebraska.U.S. President Donald Trump claimed Keystone would create 28 000 jobs. However, most estimates are significantly lower, 3 900 construction jobs if its built in one year. And after its built only 35 jobs will be created.Rhodes also said the route violates the due process of land owners.“There are at least 40 landowners along the approved route who may not even know that their land is in this pipeline’s path,” said Rhodes. “Since they may not know that they are in the path of the pipeline, they may not have participated in this proceeding.”Pipeline opponents have 30 days to file an appeal in Nebraska courts. As well, intervenor parties have 10 days to file a petition with the Public Utlities Commission for a rehearing.Bold Nebraska is a group that represents several of those intervenors.It vowed to continue the fight.“Keystone XL will never be built. We must protect the Sandhills and Ogallala Aquifer from a risky export pipeline and eminent domain abuse,” said Bold Nebraska founder and president Jane Kleeb.Farmers were also disappointed.“We are disappointed that the Commissioners approved Keystone XL, and have chosen to place the route through the most fragile soils and over and through the Ogalalla Aquifer — refusing to see the value of our natural resources,” said Art Tanderup, a farmer on the Keystone XL pipeline route.“The PSC has decided that a foreign corporation is more important than Nebraska citizens…. the Commissioners are allowing the dirtiest of fossil fuels to accelerate climate change.”The $10 billion project is designed to send 830,000 barrels of oil a day from Hardisty, Alberta to Steele City, Nebraska.last_img read more

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Former Renault boss Ghosn loses compensation, shares

PARIS — French car maker Renault says it will not pay former Chairman Carlos Ghosn compensation following his resignation.Renault says in a statement Wednesday its board unanimously decided to waive Ghosn’s “non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation.”Ghosn has been detained in Tokyo since November. He has been charged with falsifying financial reports in under-reporting compensation and breach of trust in having Nissan Motor Co. shoulder investment losses and paying a Saudi businessman.Renault also cancelled shares granted to Ghosn from 2015 to 2018, which were subject to his continued presence at Renault. The board noted “that such condition is not met, thereby triggering the loss of Mr. Ghosn’s rights to the definitive acquisition of such shares.”The Associated Press read more

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UN agency unveils plans to support staging of elections in Burundi

24 September 2009The United Nations Development Programme (UNDP) has announced it will manage a $44 million fund to promote the peaceful staging of presidential, parliamentary and local elections next year in Burundi, which was been wracked by ethnically-based strife for decades. The United Nations Development Programme (UNDP) has announced it will manage a $44 million fund to promote the peaceful staging of presidential, parliamentary and local elections next year in Burundi, which was been wracked by ethnically-based strife for decades.Through the fund, UNDP will assist the Independent Electoral Commission (IEC) organize the polls, promote civic education about the election process, encourage media coverage and try to boost the participation of women in the elections.If the polls are successfully staged next year, it will mark the first time that an electoral cycle has run its full course in Burundi, where a UN Integrated Office known as BINUB operates to try to promote peace and stability after years of conflict.In 2005 more than 90 per cent of Burundians approved a new constitution and separate ballots were held for parliamentary seats and for the presidency. Next year voters will choose a president, parliamentary lawmakers and local representatives. read more

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Former owner of diamond business in Yellowknife faces fraud charges

YELLOWKNIFE — Mounties in the Northwest Territories say the former owner of diamond-cutting and polishing facilities faces fraud charges for allegedly misrepresenting assets to secure a loan.RCMP say they are seeking a warrant for the arrest of Deepak Kumar, who they say is reported to be outside of Canada.Police say Kumar’s businesses were located in Yellowknife and the allegations were first reported to them in 2015.They allege that Kumar, as head of Deepak International Ltd., fraudulently misrepresented his assets in securing a loan from Callidus Capital Corp., a private commercial financing company in Toronto.Police say the value of the alleged fraud is reported to be more than $1 million.They’re asking anyone with information to contact the RCMP financial crime section.

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Construction permits point to Canadian housing soft landing not crash

OTTAWA – There are fresh signs of cooling in the Canadian housing market, but analysts say fears of a major crash have yet to materialize.Canada Mortgage and Housing Corp. reported Tuesday that the pace of housing starts crept up slightly last month from February, despite a drop in the number of single dwellings begun in some urban markets.Starts in March totalled 12,273 or 184,028 annualized, just slightly higher than in February but down 13.6 per cent from a year ago.Simultaneously, Statistics Canada released a report on building permits that showed future building intentions for residential construction fell 7.2 per cent in February to $3.6 billion.Both numbers were bad news for the Canadian economy as a whole, suggesting the key housing market will be a net drag on growth during the quarter and likely in the near term as starts and sales come off higher levels of previous years.But analysts added that the recent slow descent from very high altitudes in a sector that some calculate is overpriced by as much as 25 per cent and overbuilt — especially in Vancouver and Toronto — is actually what the doctor ordered and may hold off a punitive collapse.“The slowdown suggests we are not crashing, people are not panicking, especially condo builders,” said Benjamin Tal, a senior economist with CIBC World Markets.“All the indicators we are seeing as of today, in the resale market and in the housing start market, suggest this is a market that is slowing softly. We should be in the neighbourhood of 170,000 to 180,000 in housing starts and we should be getting there.”Tal said demographics dictate that builders should be erecting about 180,000 new units a year in order to keep the market in equilibrium. At 184,000, that is still too high and he predicts starts will eventually slow to about 170,000 to soak up excess supply.Canada’s housing market, which had been among the world’s hottest following the recession, began to slow at about this time last year and braked sharply after Finance Minister Jim Flaherty tightened mortgage rules in July. The policy move, which made it more difficult for first-time buyers to enter the market, was widely praised at the time as necessary to avoid a U.S.-light housing crash that would be crippling to the economy.Recently, Flaherty has upbraided lenders from cutting mortgage rates too far and undercutting his policy objectives, succeeding in having both the Bank of Montreal and the Manulife reverse mortgage rate cuts.Arlene Kish of IHS Global Insight said she expected residential construction to remain subdued for the rest of the year, but added that it has become “increasingly unlikely there will be any kind of precipitous collapse in new home building activity.”A major ballast for the market is that despite Flaherty’s recent efforts, mortgage rates remain at historic lows, and affordability — the measure of household disposable income in relation to home ownership costs — remains near historic levels.Tal said the cooling, if it continues for a year so, will prepare the market for the eventual squeeze when interest rates start rising, likely in 2014.“We’ve never seen a crash without a trigger. In 1990-91, the trigger was a huge increase in interest rates. In the U.S., the trigger was an increase in interest rates and the sub-prime shock,” he explained.“So any slowing we are doing now without those triggers is a bonus because it means we will be more ready to absorb interest rates rising.”The March start numbers show the downturn was all in urban construction, which dipped slipped 2.7 per cent to 157,217 as single-unit construction fell 6.6 per cent and multiples by 0.1 per cent. By contrast, rural starts had their best month in three years, increasing 24 per cent to 26,800 units.Regionally, urban starts decreased 15.7 per cent in Ontario on a seasonally adjusted annual rate and were down 13.5 per cent in Quebec.However, urban starts jumped 27.1 per cent in Atlantic Canada, were 13.8 per cent higher on the Prairies and 13.1 per cent higher in British Columbia.Emanuella Enenajor, an economist at CIBC World Markets, said the overall numbers were in line with her expectations but better than a consensus estimate calling for the seasonally adjusted rate to fall to 175,000 in March. by Julian Beltrame, The Canadian Press Posted Apr 9, 2013 8:42 am MDT Construction, permits point to Canadian housing soft landing, not crash AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

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TSX closes up financials claw back losses miners benefit from Chinese data

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – The Toronto stock market closed higher Monday as investors bought up battered gold miners along with financial stocks that slipped last week in the wake of earnings reports from the big banks.The S&P/TSX composite index gained 32.06 points to 13,312.78, also supported by base metal miners that benefited from Chinese trade data.The Canadian dollar closed up 0.19 of a cent to 94.03 cents US amid a weak housing report.Canada Mortgage and Housing Corp. said that housing starts came in at an annualized rate of 192,235 units in November, a decrease from 198,161 in October. It was also less than the 195,000 reading that economists had expected.U.S. indexes were little changed after surging at the end of last week on a strong slate of economic data , capped off by U.S. data showing strong job growth last month.The Dow Jones industrials were 5.33 points higher to 16,025.53, the Nasdaq gained 6.23 points to 4,068.75 and the S&P 500 index was up 3.28 points to 1,808.37.While the data was a welcome sign that the American economic revival remains on track, it also raised concerns that the Federal Reserve is prepared to start winding up its asset buying program sooner than thought, perhaps as early as next week when Fed members meet.“We saw the markets really drifting lower throughout the week on this premise that the economic data was looking good enough to maybe necessitate a Fed move earlier than expected,” said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.“Then we get good news on Friday (which) had all the makings of the ’good news is bad news’ scenario but I think we saw a bit of transition where investors were embracing good news a bit more.”Speculation about tapering those US$85 billion of bond purchases has weighed on markets as the stimulus has kept long-term rates low and supported a strong rally on equity markets this year.The gold sector ran ahead about two per cent while February gold added $5.20 to US$1,234.20 an ounce. Barrick Gold. (TSX:ABX) advanced 63 cents to C$17.01.Guyana Goldfields Inc. (TSX:GUY) has revised up the total capital cost of its Aurora Gold project to US$249 million and approved a spending plan to bring it to commercial production. However, the new estimate is well below an earlier estimate, after the company scaled back its plans earlier this year. Guyana shares were ahead four cents to $1.64.The base metals component strengthened, rising 0.67 per cent with March copper up a penny at US$3.26 a pound as China posted its biggest trade surplus in almost five years, rising to US$33.8 billion from $31.1 billion the month before. Exports ran ahead 12.7 per cent from November last year, well ahead of October’s 5.6 per cent growth. But imports grew only by 5.3 per cent year-over-year amid tepid domestic demand.First Quantum Minerals (TSX:FM) climbed 35 cents to C$17.55.The financials sector was 0.4 ahead per cent, clawing back some of last week’s 1.6 per cent decline following a mixed earnings performance from the big banks. Fehr said despite a couple of disappointments, the banks are attractive because “they’re able to offset that by some other levers that they can pull within their diversified earnings mix.”Royal Bank (TSX:RY) gained 70 cents to $69.75.The energy sector was ahead 0.2 per cent with oil prices lower following a string of gains last week amid figures showing bigger than expected drawdowns in U.S. inventories. The January crude contract on the New York Mercantile Exchange edged 31 cents lower to US$97.34 a barrel. Canadian Natural Resources (TSX:CNQ) improved by 38 cents to $34.58.Equal Energy Ltd. (TSX:EQU) says it’s entered into a definitive agreement to be bought up by Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. for $5.43 a share. Equal says the total transaction value is about US$230 million. Equal shares were one cent lower at $5.73.The tech sector was the weakest component with shares in BlackBerry (TSX:BB) down 16 cents to $6.11, its lowest level in at least 10 years and down dramatically from its 52-week high of $18.49.In other corporate developments, Bell Media (TSX:BCE) and the National Football League have announced a multi-year extension of their broadcast partnership that will see more NFL games on more Bell Media channels. Bell will have digital media rights that will give Canadian fans the ability to watch NFL games and content on Bell Media TV Everywhere platforms. Terms of the agreement weren’t released and BCE shares gained 24 cents to $46.80. by Malcolm Morrison, The Canadian Press Posted Dec 9, 2013 6:15 am MDT TSX closes up: financials claw back losses, miners benefit from Chinese data read more

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Ohio States Braxton Miller named Big Ten Offensive Player of the Week

Ohio State football’s sophomore quarterback, Braxton Miller was named Big Ten Offensive Player of the Week on Monday, and  also received praise from OSU coach Urban Meyer about his play through the first three weeks of the season.“I have a lot of confidence in Braxton,” Meyer said. “He’s our best player right now on offense.”Miller led the Buckeyes to a 35-28 victory against California on Saturday, completing 16 of 30 passes for 249 yards and four touchdowns, while also rushing for 75 yards and one touchdown.OSU offensive coordinator Tom Herman said he has been pleased with his quarterback’s development this season.“In terms of progress, I think he’s seeing the field better. I think he communicates with me on the sideline better than maybe I had expected,” Herman said. “He’s come a long ways.”Miller currently ranks fifth nationally in rushing yards, and Herman said opposing defenses have been making adjustments to account for his ability to run the ball.“I’ve seen defenses in the last three weeks that I’ve never even dreamt of in my mind to try to stop the QB from running the football,” Herman said.While the coaches have praised Miller, they are not yet ready to advertise their quarterback as a contender to win the 2012 Heisman Trophy.“I will not say he’s not (a candidate to win the Heisman),” Meyer said. “I don’t believe he is now. He’s not playing well enough yet.” read more

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Two arrested over church theft

first_img Facebook Twitter: @NeosKosmos Instagram Police have arrested two men in connection to the burglary of gold jewellery offerings at the Greek Orthodox Church of Panagia Kamariani Red Hill in July. A 34-year-old Coldstream man and a 29-year-old Warburton man were charged with burglary and theft on Thursday by detectives from the Rosebud Crime Investigation Unit, but no more details were released by police when Neos Kosmos inquired.Reverend Father Eleftherios Tatsis of the Mornington Peninsula church told Neos Kosmos the men arrested were not of Greek decent and were found through pawn brokers after the duo attempted to sell the jewellery.Father Tatsis says some of the jewellery can be recovered but police fear much of the jewellery has been melted and sold.The gold jewellery housed in the church’s icon of the Virgin Mary was worth upwards of $100,000. Father Tatsis said at the time of the burglary that offenders took less than six minutes to break the icon’s glass, steal the jewellery and flee. The burglary also happened in the daytime, while Father Tatsis was attending to another matter. “I went inside the church to put out some candles. I returned to my office, just to realise I had forgotten my keys inside the church,” he told Neos Kosmos in July.The offender, as the police believed at the time, according to father Tatsis, probably at that point broke the glass, and took the jewellery in his pockets.“As I went back to church, I kissed the Icon and saw the glass broken and jewellery missing.”Parishioners had been leaving the jewellery as offerings to the icon for protection and since 1987.“30 years here, with the doors wide open, day and night, nothing like this has ever occurred.”Father Tatsis was grateful that the miraculous icon of Panagia Kamariani wasn’t stolen.The news of the brazen attack angered and dismayed the Greek community of Melbourne in late July. The two men arrested over the theft will appear in Frankston Magistrates’ Court at a later date. last_img read more

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Crime doesnt pay – not for a Greek holiday at least

first_imgJoseph Andrew Cresp succumbed to temptation. At least that is how Judge John Staub put it, when he ruled his verdict at the hearing of the case which brought the Kalgoorlie man to court. The 52-year-old hasd been working on a pump at the Sunrise Dam Gold mine’s mill last February, when something irregular happened. A pile of dirt containing nearly 4kg of gold fell out of one of the sumps, during a routine shutdown. What happened next, was describing as a “brain explosion”, by the accused man’s defence lawyer, Kim Samiotis, who told the court that her client had been dealing with financial stress, undiagnosed depression and a sick daughter in the lead up to his decision to keep the gold, worth more than $200,000. Cresp hid the gold in his locker at work, and when his shift ended, he drove home with it, and kept it in his gun safe. The court heard that he was planning to sell the gold and use the money to fund a family holiday trip to Greece, as a surprise gift for his wife’s birthday. But things did not work out in his favour. He did manage to sell one kilo of the gold for $90,000 to a gold trader in Perth, but the WA Police were on his trail, since the trader could not provide the gold’s origin to the Perth Mint. Cresp was arrested in June, having spent no more than $6,000 to pay for a holiday, for servicing his car and for financial support for his eldest daughter. When he appeared in court he pleaded guilty to fraud and stealing as a servant; his expression of remorse and willingness to cooperate were taken into account and the court granted him a two-year suspended sentence, sparing him from an immediate jail term. In his sentencing remarks, Judge John Staude acknowledged that the 52-year-old had worked with the company’s representatives to identify and fix security risks his theft exposed. Located 1,000 km north-east of Perth, Sunrise Dam is owned and managed by the South African mining giant Anglogold Ashanti.The company’s representatives were stunned by the level of security breach that allowed for Cresp to steal that much gold in one swoop, and had the accused flown to Perth at the company’s expense, so that he would assist in an effort to strengthen the mine’s security. According to Judge Staude the accused man’s obvious contrition, including returning the gold and working to repay the outstanding money, counted in his favour. Deeming the 52-year-old’s actions as opportunistic, rather than explicitly criminal, he ruled that a prison term would cause undue hardship to Cresp’s family, which has already been “disgraced” and “embarrased” by him. Judge Staude ordered $75,744 be repaid to Anglogold and $8,255 to the gold trader Cresp defrauded, with the remaining 2.5kg of gold to be returned to the mining company. Facebook Twitter: @NeosKosmos Instagramlast_img read more

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Use Alexa Anywhere With These AIPowered Smart Glasses

first_img Geek Pick: Amazon Smart Plug Puts Alexa in Your WallsGeek Pick: Amazon Echo Show 5 Is a Nightstand Alexa Display Stay on target Many have tried—and many have failed—to create actually wearable smart glasses.Last year’s breakout star Vue has probably come the closest, currently developing smart frames designed for everyday use.But the California-based startup has some competition: LET Lab devised a pair of AI-powered specs that meet your fashion and technology needs for half the price.While early smart glasses prototypes (i.e. Google Glass) focused on unnecessary flourishes like augmented reality, LET VisionAI Glasses address more mundane needs:Bone conduction tech promises an earbud-free experience; voice interaction makes it easy to control smart home devices; and activity tracking records daily health data including steps, distance, and calories burned.Bone conduction tech promises an earbud-free experience (via LET Lab)Unlike Vue, LET Glasses integrate with Amazon’s Alexa voice assistant, and support Siri or Google Now to streamline the process of searching for information, making phone calls, and following GPS directions.“More than a pair of glasses, LET VisionAI Glasses integrates audio entertainment, telephone communication, and voice interaction and immerses you in a smart world with the most simplified operating mode,” according to the company.Over time, the built-in deep learning system masters your habits and behaviors, eventually proving automatic weather or traffic reports, or updates on a restaurant’s discount options every time you walk by.Motion detection, meanwhile, means the glasses automatically activate when you put them on (and power down when you remove them). A long-lasting battery guarantees up to 10 days on standby; fully recharge in 30 minutes with the included magnetic connector.You wouldn’t even know they’re smart (via LET Lab)Plus, the box transforms into VR glasses (think Google Cardboard) for a zero-waste, two-for-one deal.LET VisionAI Glasses are on sale now via Indiegogo for an early-bird price of $119—more than 50 percent off the expected retail price of $259.Choose from three frames and colors—basic, modern, or vintage in black, red, or blue. A non-prescription blue-light-filtering lens is included with every pair; customers can upgrade to polarized lenses (no prescription) for $1, or photochromatic lenses—plus $15 without prescription; plus $30 with prescription.Worldwide shipping is estimated to begin in May.center_img Let us know what you like about Geek by taking our survey.last_img read more

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PLP Natl Chairman race with two official interests less than 20 days

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, October 4, 2017 – Nassau – On Thursday, another contender for the position of PLP Party National Chairman announced his bid as anticipation builds for the three day event from October 22-25 which could bring a radical change to the nation’s oldest political machine.    Glendon Rolle, the Long Island candidate for the Progressive Liberal Party said he wants to be the chairman and he will have to face off with Obie Wilchcombe, the former Tourism Minister and West End/Bimini MP and likely two more as there has been some thought about taking on the role by Wayne Munroe, QC and Damian Gomez also a QC.Mr. Rolle said he believes the PLP can make things right with the Bahamian public again, adding that a change will see more inclusion of staunch party members and the youth, for example.    Rolle said Bahamians, five months since the polls can now see that the PLP is the best party for the country, knocked down but not knocked out he said.#MagneticMediaNews#GlendonRollePhoto credit: The Tribune Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#GlendonRolle, #magneticmedianewslast_img read more

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The New Paradigm Its the Audience

first_imgWhat do we do now that “readers” have become “users?”In the last two months, I have attended B2B media industry gatherings as varied as an American Business Media meeting in New York, a CEO conference of UFI (the international trade fair operators group) in Geneva and the FIPP Digital Innovators’ Summit in Berlin.Different segments to be sure, but what was the chatter in the halls? Just this: we live in a world where people who used to be our readers are simply looking to find the best market intelligence available, however they can find it. Those who used to be “our” advertisers view their job as driving qualified leads to their companies’ websites to support sales and customer relationship efforts, rather than spending a media budget. People who used to just have a booth at our shows are looking at direct or digital contacts to replace our value.So, how do we remain relevant – no, crucial – in this environment? First, let’s look at our strengths. One of the advantages of B2B media, in contrast to consumer publishing, is the wide range of information we can obtain about our audiences – much more than simply name, address, and expiration date.When I became CEO of Canon Communications five years ago, I learned that we had as many as 74 discrete audience files across trade shows, publications, and digital media – this for a company 100 percent focused on the advanced manufacturing and design engineering market. Canon’s mission was to be the most effective B2B media company covering the advanced manufacturing market worldwide. Having the most comprehensive, robust database of design engineers and manufacturing managers was central to that mission.The Canon database gave us a comprehensive view of 1.2 million key players in advanced manufacturing worldwide, including a valid e-mail capture rate of over 90 percent. All of our customers – advertisers, sponsors, exhibitors – were trying to develop their own client and prospect databases, but none of them could hope to be as comprehensive as ours.In the print media segment alone, there were over 700,000 unique records, and almost as many in digital media, while our tradeshow division had 360,000 unique records. There were some surprises. Only a third of our magazine subscribers attended our trade shows or subscribed to our e-newsletters. About 30 percent of individual records showed up in more than one medium. That means that 70 percent of names appeared in only one category. Even though the company focused only on advanced manufacturing and design across all media, covering the entire market required us to have a presence online, in print, and in person. Perhaps even more important was our ability to segment. Last year, Canon launched two orthopedic trade shows and began delivering e-newsletters to this market, under the new Orthotec brand name. That brought substantial, profitable revenue with healthy expansion ahead, and we couldn’t have delivered this without at the insight provided by of our audience database. The lesson: Imagine the competitive advantage and barriers to entry that a company can build if it adopts, to use a medical device analogy, MRI-quality detailed imaging of the communities of buyers that its customers want so keenly to reach. One under-recognized fact is that B2B digital media is often more about digital outreach than it is about attracting website visitors. Revenues from e-newsletters, webcasts, etc. often equals or exceeds website ad revenue, and typically a large minority of website traffic comes from e-newsletter click-throughs. Increasingly, our marketing customers were willing to pay a lot to reach just the right people. Publishing and trade show brands were still important, but audience segmentation was becoming the key to happy customers, better ROI and expanded margins. Further, because our competitors couldn’t begin to match these services, we could price based on value rather than cost.In a world where disintermediation-the process of bypassing media companies– is becoming the norm, a unique, proprietary audience database is a very valuable tool. Audience information, advertiser information, and content can all be structured into databases and linked in order to provide ever more valuable services. Having more detail allows forward-thinking B2B media companies to target pertinent, actionable content and bring greater efficiency and ROI to their customers – as long as they know their behaviors well enough to offer the right services.Looking at it this way, one of digital media’s greatest values is the structured data it provides about content, customer and audience, and how those can all work together.Looking at the Canon model, I am confident that the future of B2B media is very bright for those who can succeed in creating – and leveraging – robust, interlinked data-fields in all dimensions for the industries they serve.Charlie McCurdy is CEO of Apprise Media.last_img read more

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CEO of Candy Crush developer stepping down

first_img Gaming Tags Comments 2 Activision Share your voice King Digital Entertainment CEO Riccardo Zacconi is stepping down effective July 1. King.com Riccardo Zacconi, the creator of the Candy Crush franchise, is stepping down as CEO of King Digital Entertainment, according to a regulatory filing Friday from parent company Activision Blizzard.Zacconi, who has led the game developer for more than 16 years, will resign his executive post effective July 1 but will stay on as King’s chairman to provide “guidance to the management” at both King and Activision Blizzard.Activision Blizzard was already one of the largest gaming publishers in the business when it acquired King Digital in 2016 for $5.9 billion. Candy Crush is reportedly one of the most profitable smartphone apps of all time.King Digital, founded in 2003, didn’t respond to a request for comment.last_img read more

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Kalank box office collection day 1 Period drama becomes biggest opener of

first_imgKalank box office collection report.PR HandoutsMulti-starrer Kalank released on Wednesday, registering a superb box office collection on day 1 (Wednesday).The movie, starring Varun Dhawan, Alia Bhatt, Sanjay Dutt, Madhuri Dixit, Aditya Roy Kapur and Sonakshi Sinha in key roles, got released on Wednesday to capitalise on the festival of Mahavir Jayanti.Kalank witnessed an excellent occupancy on its opening day as it was a partial holiday. The period drama reportedly opened up with an occupancy of around 40 to 45 percent across the country. The footfalls increased manifolds towards the evening shows.With hiked ticket prices, Kalank managed to register a big first day box office collection at the domestic market. Despite receiving mixed reviews from critics, the film ended day 1 with flying colours.With a screen count of 4,000 across the country, Kalank collected around Rs 21.60 crore at the Indian box office on Wednesday and became the biggest opener of 2019, beating Kesari that had collected Rs 21.06 crore.”#Kalank starts with a bang… Emerges biggest opener of 2019 *so far*… Plexes terrific… Impressive cast and hype + massive screen count [4000] + #MahavirJayanti holiday have contributed to a big total… Wed ₹ 21.60 cr. India biz,” trade analyst Taran Adarsh tweeted. Kalank stillYouTube ScreenshotAlthough Kalank managed to have an excellent opening at the commercial circuits, it is likely to witness heavy fall in its collection in second and third day. Negative reviews from critics and audience is likely to adversely affect the collection of the film.Directed by Abhishek Varman, Kalank is set on the backdrop of pre-independence era. The movie brings back the iconic pairing of Sanjay Dutt and Madhuri Dixit. The film showcases the struggles and tragedies that some complex romantic relationships bring on the characters.It was one of the most awaited films of this year. After such a powerful start at the box office, it will be interesting to see if Kalank continues to pull audience in coming days.last_img read more

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