China Construction Bank’s 2010 Profit Rises 26% as Interest Margins Widen
China Construction Bank Corp. (939) , the world’s second-largest lender by market value, said profit rose 26.3 percent to a record last year on higher loan demand and interest margins. Read more on Bloomberg
Light snow falls in DC, expected to clear midday
Associated Press – March 27, 2011 10:15 AM ET WASHINGTON (AP) – Light snow has fallen in the nation’s capital, though the weather is expected to start clearing by midday. Read more on WVVA Bluefield
Question by Runner: How are Capital Gains treated in a Traditional IRA if one waits until age 59.5 (or later) to make withdrawals?
Imagine two people starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?
Best answer:
Answer by bostonianinmo All income in a traditional IRA is taxed as ordinary income. Any capital gains within the IRA receive no special treatment.
The traditional IRA will have more money in it at the end of 45 years because of the higher contributions but any withdrawals will be taxed as ordinary income. The withdrawals from the Roth will be tax free.
Know better? Leave your own answer in the comments!
Question by Michael N: What is a good strategy for selling a small business without paying capital gains tax?
I have an automotive repair shop and I would like to defer paying capital gains tax by rolling the proceeds of the sale of the business into another investment. I do not see the point of paying capital gains tax on the sale when I will simply take the money and reinvest it in another business. Can I do this even if the money does not go into a similar business? Ideally, I’d like to invest the money in a mutual fund and take out maybe 10% per year to help with living expenses.
Best answer:
Answer by Gem It sounds like you need to contact an experienced CPA.
Don’t look for free advice that could end up costing you thousands or more. NOT worth it.
And, if Obama is elected you very well might want to just eat the current capital gains tax, as he has pretty much promised to increase it.
Consult a CPA, good luck in your future ventures. I so wish I could sell my business and move on, but no such luck.
No federal tax expense for Bank of America
After another money-losing year, the Charlotte-based bank got the upper hand with Uncle Sam in 2010. Read more on The Charlotte Observer
The Wedding Planner: Where’s the excitement, Brits?
Our royals contributor thinks it’s just a matter of time before Britons get excited about the prince’s nuptials Read more on CBS News
Yemeni president faces fewer options
Ali Abdullah Saleh has already offered to stand down next year as tensions grow before a rally planned for Friday Yemen’s opposition has stepped up efforts to remove President Ali Abdullah Saleh, dismissing his offer to stand down after a presidential election at the end of the year. Tensions grew before a planned rally which protesters have dubbed “Friday of Departure”. Presidential guards … Read more on Guardian Unlimited
Evidence of earlier humans in Texas
Stone tools have been found in sediments 15,500 years old, before the Clovis people are thought to have arrived in America Humans first arrived in North America more than 2,500 years earlier than previously thought, according to an analysis of ancient stone tools found in Texas. And the people who left them appear to have developed a portable toolkit for killing and preparing meat. Researchers … Read more on Guardian Unlimited
Fairchild moving HQ to Calif.
A spokesman says the move will not affect the chip maker’s operations in South Portland, nor lead to layoffs or transfers. Read more on Portland Press Herald
Kearney Named Top Birding Destination In Two Magazines
The Platte River was named one of the Top 10 Wildlife Watching Spots by the National Wildlife Federation in its Feb/March Magazine. Wildbird Magazine also named the Platte River as one of the Top 25 Birding sites in its March/April issue Read more on KOLN Lincoln
Council meeting is tonight
Most of the agenda items of a special meeting of the Parlier City Council and Redevelopment Agency will center on the future of the Redevelopment Agency. Read more on The Parlier Post
Kissel driver pleads guilty to attempted murder
Andrew Kissel’s chauffeur Carlos Trujillo photographed Sept. 5, 2006, in his lawyer Lindy Urso’s Stamford office. Read more on Greenwich Time
Dated Paris shopping hall gets makeover
Paris is building a colossal shell-like glass and steel canopy over its Les Halles shopping centre in an 800 million euro revamp of what has become an eyesore of dated architecture at the heart of the capital. Read more on Stuff
Papua New Guinea PM suspended for two weeks
Papua New Guinea’s Prime Minister Michael Somare has been suspended from office for two weeks after being found guilty of 13 charges of official misconduct, his spokeswoman said Friday. Read more on AFP via Yahoo! News
Another quake in north Thailand no major damage reported
An estimated 5.5 magnitude earthquake hit northern Thailand on Friday a day after a bigger quake caused panic in several Southeast Asian countries but local authorities reported little damage. Read more on Reuters via Yahoo! UK & Ireland News
Fitch cuts Portugal ratings on PM resignation
Fitch on Thursday cut Portugal’s credit ratings by two notches saying risks to the country’s financing rose after parliament failed to pass fiscal austerity measures and the prime minister resigned. Read more on Reuters via Yahoo! UK & Ireland News
Tokyo Issues Tap Water Warning for Infants
Infants in and around Tokyo should not drink tap water, a Tokyo official said Wednesday, after radioactive iodine was detected in the capital’s water supply. Read more on New York Times
VIDEO U.S. Rep. Chris Gibson’s Energy Advisory Council holds first meeting Wednesday in Malta
MALTA — Nuclear power remains a viable option for the Capital Region despite the recent disaster in Japan , U.S. Rep. Chris Gibson, R-Kinderhook, said Wednesday. Read more on The Troy Record
Camera will be rolling when two of the hockey’s biggest superstars meet when Pittsburgh Penguins vs Washington Capitals, two apparent Eastern Conference contenders, collide tonight at 7:00 in the evening Eastern Time. Alex Ovechkin of the Capitals has 568 points and is four points ahead of Pittsburgh Penguins superstar Sidney Crosby with 564 points. The two superstars entered the NHL in the 2005-06 season and it did not take long before the game’s premier players develop an individual rivalry. Lets see who will come on top.
Watch Pittsburgh Penguins vs Washington Capitals live online streaming free on December 23, 2010. Pittsburgh Penguins vs Washington Capitals will kick of at 7:00 in the evening Eastern Time and will be broadcast live from the Verizon Center, Washington, DC. Washington Capitals will be hosting the visiting Pittsburgh Penguins. Washington Capitals has a win and loss record of 20-12-4, 44 pts and 13-4-3 at home while the Pittsburgh Penguins has a win and loss record of 23-10-2, 48 pts and 11-4-1 on the road. Records suggest that this will be a very exciting match. This game will be covered by NHLNET
“It’s a huge game,” Capitals goaltender Michal Neuvirth said. “They might be the best team in the league right now, so we’ve got to bring our best.”
“I think winning rejuvenates guys,” said coach Bruce Boudreau, whose profanity-laced locker-room rants have become a focal point of the cable series. “It’s a much happier locker room the last couple of games, so that’s good.”
Where can I watch Pittsburgh Penguins vs Washington Capitals online? You can watch Pittsburgh Penguins vs Washington Capitals in high definition (HD) on your of laptop for your convenience. Catch the highlights, recaps, preview, score updates, predictions and more of the game between Pittsburgh Penguins vs Washington Capitals. NHL fans around the globe don’t miss this big event. Have fun, watch and enjoy Pittsburgh Penguins vs Washington Capitals live.
Take a tour of Ushuaia, Argentina – part of the World’s Greatest Attractions travel video series by GeoBeats. Ushuaia lies farther south than any other city in the world. The capital of the Argentinian city of Tierra Del Fuego , it is often called “the end of the world.” Its spectacular Martial mountain range is a popular skiing destination. Penguins and seals populate the Beagle Channel on the southern border. The solar-powered Les Eclaireurs lighthouse is still in use today. (00:59)
Peter Head defines natural capital as the whole ecosystem – the biocapacity of the planet and the natural systems that support our lifestyle. Pollution, carbon emissions, climate change, resource depletion and other actions with negative ecological impact combine to reduce natural capital. (01:06)
In Chapter 13 of 15, leadership philosopher and bootstrap business expert Bijoy Goswami shares the ying and yang of social capital and market capital. (02:37)
When it comes to dealing with injuries, there aren’t many NHL teams better at it than the Vancouver Canucks. They’ve lost a number of key contributors and still remain solidly atop the…
With the continued focus on head hits and the call to increase punishment for repeat offenders coming out of last week’s General Manager Meetings, the supplementary discipline handed out to Pittsburgh Penguins forward Matt Cooke’s for an elbow to the head of….
NY RANGERS (38-30-4, 80 points) at PITTSBURGH (41-22-8, 90 points) Where they stand: The Rangers are seventh in the Eastern Conference; the Penguins are fourth in the…
With the Stanley Cup race on and the open opportunity for so many teams in each division to make the playoffs by winning out in these remaining games, winning now is the key. Every game that is played could make the difference to reaching the playoffs for as many as 12 teams in the NHL. With that in mind is there anything that teams can do without changing their players or game plans, to win now?
The United States’ Environmental Protection Agency plans to honor the NHL’s four Midwestern clubs for their commitment to recovering all prepared but untouched concession food as part of the NHL’s partnership with…
As the Chicago Blackhawks face the Dallas Stars on Thursday at the American Airlines Center, three players — Marian Hossa, Patrick Kane and Jonathan Toews — loom large for the reigning Stanley Cup champions…
It’s like choosing between a Ferrari and a Lamborghini.Almost everybody who follows the NHL seems to have an opinion about which Russian superstar they’d take if forced to pick between Washington Capitals forward Alex Ovechkin and Detroit Red Wings center…
The Knicks might need as much help as they can get from their two All-Stars in their next game as Dallas (46-18) has won 16 of 18 meetings. Dirk Nowitzkihad 29 points and 11 rebounds in a 113-97 victory at Madison Square Garden on Feb. 2.
Cotto (35-2, 28 KOs) remains one of the world’s best fighters and biggest attractions. The three-division titleholder bounced back from a one-sided beating against Manny Pacquiao to win a junior middleweight title – stopping Yuri Foreman in June — and the promise of more lucrative matchups. There’s talk of a rematch with Antonio Margarito, who stopped Cotto in 2008, if he can get past Mayorga (29-7-1, 23 KOs).
The last three-game slump ended with the embarrassing pre-All-Star-break loss in Cleveland. The Lakers haven’t lost since, with five of their eight victories since the break ended coming by double digits.
Knicks coach Mike D’Antoni said Anthony told him the elbow pain, which flared up in New York’s loss at Cleveland on Friday night, stemmed from a lingering bursa sac problem. Anthony went through New York’s practice in Miami, which started about 13 hours after the loss to the Cavaliers.
Oklahoma City making that move was a bit of a surprise considering Green was a major contributor for a team which has the fourth-best record in the Western Conference, one spot behind Los Angeles (41-19). The Lakers didn’t make any trades even though there were concerns for the two-time defending NBA champions before the break after they dropped three in a row.
Acosta has some great power, and has been impressing as of late. Rios likes to come straight forward, and apply pressure to his opponents, so this should end up being a very exciting fight
The UFC returns to the Land Down Under as they present UFC 127: Fitch vs. Penn from the sold out Acer Arena in Sydney, Australia. The main event of the card features dual-divisional champion B.J. Penn taking on the second best wrestler in the Welterweight division, former Purdue Boilermaker Jon Fitch.
The Maple Leafs look to continue their surge with a fifth win in six games Saturday night against the struggling Penguins, who play their next two games in Toronto — with three days off in between.
RBA warns against fast bank growth
Players in Australia’s financial system are going to have to get used to more limited opportunities for growth in the local market than they have enjoyed in recent years. Read more on Brisbane Times
RBA warns against fast bank growth
PLAYERS in Australia’s financial system will have to get used to more limited opportunities for growth than they have enjoyed in recent years. Read more on News Mail
Anti-aircraft fire, explosions echo in Tripoli
Heavy anti-aircraft fire is lighting up the skies over Tripoli and the sound of loud explosions is echoing through the Libyan capital after nightfall. Read more on WQOW Eau Claire
Dell India’s revenue approaching b milestone: Michael Dell
Business Line Mr Michael Dell, Founder and CEO, Dell Inc, with Mr Sam Pitroda, Advisor to the Prime Minister on Public Information Infrastructure and Innovation, and Mr R.V. Kanoria, Senior Vice-President, FICCI, in the Capital on Tuesday. Read more on The Hindu