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May 6, 2012

Smartcompany News and Analysis: New tax break for small biz: How it works and why experts aren’t happy, Five gems from Buffett’s investor meeting, Funding Palmer’s big ideas.

smart company logo image


The Federal Budget might still be one sleep away, but Treasurer Wayne Swan has delivered an early present by unveiling a new tax break that will allow companies with less than $2 million revenue to offset losses against profits made in previous years.

Today we explain how the new tax breaks works, get the experts’ reaction and in Entrepreneur Watch, explain why some of the devil is in the detail.

Elsewhere, we extract five pearls from Warren Buffett’s annual investor meeting, uncover the companies that will be paying the carbon tax (do you deal with any of them?) and look at how Clive Palmer has the time and money to fund his awfully big ideas.

Entrepreneurs
How Clive Palmer funds his amazing adventures
Just when you thought Clive Palmer couldn't get any larger than life, he goes and decides to rebuild the Titanic. BY JAMES THOMSON.
Features

Property
Capital city property price drops reverse recent trends: RP Data
Australian dwelling values are down 0.7% over the first four months of 2012 and remain well below their peaks. BY CAMERON KUSHER.
Features

Aunty B
I am squeezed between kids, work and marriage. Help!
Of course you can have it all. But you need a supportive husband (or ex-husband) that looks after the kids regularly. If your husband is sexist, you are in strife.
Aunty B

Selling
Sue Barrett
What does the future hold for customer relationship management systems?
Ask the Experts

Retail trends
Kevin Moore
There have been some big changes in the once solid and traditional beer market in Australia with the influx of international budget and boutique brews on the market. So what’s on tap for local brewers?
Smart Blogs

Behavioural Economics
Bri Williams
There's a whole science behind why Hollywood celebrities prefer being photographed from one side rather than the other. So does your product have a better side?
Smart Blogs

Entrepreneur Watch
James Thomson
The Government’s new loss carry-back break for small business is great in theory, but not perfect in practice.
Entrepreneur Watch

Secret U.S. program releases insurgents held in Afghanistan in exchange for pledges of peace: The Washington Post | News Alert

The Washington Post

NEWS ALERT
 
The United States has for several years been secretly releasing high-level detainees from a military prison in Afghanistan as part of negotiations with insurgent groups, a bold effort to quell violence but one that U.S. officials acknowledge poses substantial risks.


Secret U.S. program releases insurgents held in Afghanistan in exchange for pledges of peace


Read more at:
http://www.washingtonpost.com/world/asia_pacific/secret-us-program-releases-high-level-insurgents-in-exchange-for-pledges-of-peace/2012/05/06/gIQAFfJn6T_story.html

IARCP News and World Events: Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next.

FROM

International Association of Risk and Compliance Professionals (IARCP)
_______________________________________________________________
Welcome to our Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next.
Our Top 10 list:
I hope you will enjoy the list.
Best Regards,

George Lekatis
President of the International Association of Risk and Compliance Professionals (IARCP)
General Manager, Compliance LLC
1200 G Street NW Suite 800
Washington DC 20005, USA
Tel: (202) 449-9750
Email:
lekatis@risk-compliance-association.com
Web: www.risk-compliance-association.com
HQ: 1220 N. Market Street Suite 804
Wilmington DE 19801, USA
Tel: (302) 342-8828

U.S. ICE Futures.: Weekly Analysis of US Equity and Currency Markets


Weekly Analysis of US Equity and Currency Markets

Get your trading week started with video outlooks on the US equity and currency markets. Nick McDonald, of Trade With Precision presents a concise technical analysis of these markets for the week ahead, using the Russell 2000® index and the ICE US Dollar Index® as pivotal focuses.

The weekly outlooks are available every Sunday evening by 8 p.m. ET. You can visit icecommentary.com at your convenience—the weekly video commentaries remain on the website until new commentaries are posted.

View the video market commentaries »

Stocks and Markets in the News | Nikkei Index: Nikkei Stock Average tumbled 2.8% to 9,117.96 with in minutes of the market open Monday

By Michael Kitchen

LOS ANGELES (MarketWatch) -- Japan's blue-chip Nikkei Stock Average tumbled 2.8% to 9,117.96 with in minutes of the market open Monday, as investors returned from a long holiday to find the yen substantially stronger and U.S. data showing signs of weakness. The broader Topix fell 2.7%, with the U.S. dollar dropping below the key 80-yen level to trade at ¥79.85, punishing globally exposed names. Among major shares helping lead losses, Sony Corp. JP:6758 +0.40% SNE -1.29% lost 3.3%, Hitachi Ltd. JP:6501 +13.42% dropped 3.1%, Bridgestone Corp. JP:5108 -0.75% BRDCF +0.55% plunged 4.7%, Nomura Holdings Inc. JP:8604 -0.63% NRSCF -6.85% NMR -0.26% tanked by 5.4%, and Mazda Motor Corp. JP:7261 -5.56% MZDAF -3.46% , which has a strong European presence, lost 4.8% with the euro at ¥103.61. The shares also suffered from global growth concerns after weak U.S. jobs data Friday and an uncertain outcome to Greece's weekend election. Stock in Nissan Motor Co. JP:7201 +0.75% NSANY -0.66% traded 3.7% lower, failing to get a boost from reports that its alliance with Renault SA FR:RNO -4.76% RNSDF -5.16% plans to buy a controlling stake in Russia's AvtoVAZ.

Financial and Forex Info News | The Australian Capital Circle: Swan's axe to hit hard


Swan's axe to hit hard
 
The Treasurer has promised the toughest budget in 25 years, with falling tax revenues and spending cuts in the pipeline.

First off: Labor needs to find more than $20 billion in savings to project a surplus, while the ratio of government spending to gross domestic product is expected to fall by 1.6 per cent to 23.5 per cent in 2012-13 and will remain at that level for four years (The Australian).
The context: Paul Keating reduced government spending it by 1.8 per cent in 1987-88; Peter Costello cut spending by 1.2 per cent in 1997-98.
The Treasurer's message: "This budget will show we'll have four years in which payments are below 24 per cent of GDP, and that is the lowest since the early 80s."
Announceables : Parents will receive up to $820 for every child at school (Sunday Telegraph). Businesses that make a loss will be able to make a maximum loss deduction of $1 million in a measure that will cost the government $700 million (SMH). There is $500 million for dental care (ABC). And the 15 per cent tax on concessional superannuation contributions will rise to 30 per cent for incomes of more than $300,000 in a move that will affect about 128,000 people ( The Australian).
Another $13.6 million is in the budget for the 63 worst road crash black spots in Melbourne (Herald Sun) and funding to put four major Adelaide level crossings under ground at a cost of $443 million ( Read more...
 
Mumble
Peter Brent
Peter Brent
 
The forgotten election
I can see the future. I’m looking at the headlines of this and other newspapers a little under four months from now, on…
 
More Peter Brent

NYT Global Update | Top News: Hollande Ousts Sarkozy in French Vote

Global Update



TOP NEWS

Hollande Ousts Sarkozy in French Vote

BY STEVEN ERLANGER and NICOLA CLARK
François Hollande became the first Socialist president of France since François Mitterrand, but his victory over Nicolas Sarkozy will also be seen as a challenge to the policy of economic austerity in the euro zone.
News Analysis

Wary Markets Likely to Wait to Cast Vote on France

By LIZ ALDERMAN
The Socialist victory in France has put investors on edge as they wait to see if the new president takes the steps necessary to bolster the economy.

Greek Voters Punish 2 Main Parties for Economic Collapse

By RACHEL DONADIO and NIKI KITSANTONIS
Voters sent a message to the traditional governing parties that are being blamed for the country's economic woes and bolstered parties on the left and right.
Health

Video: In Love and Loss

Michael French has frontotemporal dementia, for which there is no cure or treatment. As his condition deteriorated, his wife, Ruth, had to move him to a nursing home, where she spends most days.
Opinion

Op-Ed Contributor

Justice Cheated

By KENNETH ROTH
The military commissions at Guantánamo are better than earlier ones, but still rigged against the defendants.
WORLD

In Serbia, Voters Disillusioned by the Economic Crisis

By DAN BILEFSKY
Sunday's vote in presidential and parliamentary elections in Serbia could determine whether the nation lurches back toward nationalism.

Faltering German Party, a Coalition Partner to Merkel, Faces an Electoral Test

By NICHOLAS KULISH
The pro-business Free Democrats, also known as the F.D.P., have failed to even reach the 5 percent threshold for representation in five out of the last six state elections.

9/11 Defendants' Hearing Was Rigged, Lawyers Say

By CHARLIE SAVAGE
Lawyers for the five men charged complained that the process was rigged to lead to the execution of their clients.
BUSINESS

Spanish Banks Resist Idea of 'Bad Bank' Bailout

By RAPHAEL MINDER
The conservative government and the Bank of Spain have been studying whether to allow banks to transfer toxic assets to a state asset management company, along the lines of the agency that Ireland set up in 2009.

Amid Brazil's Rush to Develop, Workers Resist

By SIMON ROMERO
Brazil is a leader among South American nations rushing to build hydroelectric dams in the Amazon, but workers demanding better pay are disrupting the projects.

Le Petit Prince of L'Oréal

By LIZ ALDERMAN
Jean-Victor Meyers, the grandson of Liliane Bettencourt, has been appointed to the board, beginning his role as the family heir.
TECHNOLOGY
Bits

Coining Terminology for Life on the Web

By JENNA WORTHAM
Companies are creating words and symbols that are gaining recognition on the Web and followers. Examples include the "like" of Facebook and the abbreviation LOL (laugh out loud).
Novelties

For Hard of Hearing, Clarity Out of the Din

By ANNE EISENBERG
Technological advances are helping refine tools for hearing in less-than-ideal circumstances.
DealBook

Hedge Fund Intensifies Attack on Yahoo Amid Storm Over Padded Résumés

By MICHAEL J. DE LA MERCED
Third Point, which is the middle of a contentious proxy battle with Yahoo, called for the dismissal of the company's chief executive, Scott Thompson, after revealing that he had inaccurately stated his credentials.
SPORTS

Touré Has Manchester City Standing Tall Over United

By ROB HUGHES
Yaya Touré put Manchester City closer to its first Premier League title in 44 year with two goals against Newcastle on Sunday and City's rival, United, was unable to gain ground despite a 2-0 victory over Swansea City.
On Soccer

Chelsea Wins Cup but Not Job Security for Manager

By ROB HUGHES
Despite a victory in the F.A. Cup and earlier qualification for the Champions League final, the club's interim manager, Roberto Di Matteo, could be replaced.
Soccer Roundup

For Chelsea, Right Man in the Right Place

By THE ASSOCIATED PRESS
Ramires and Didier Drogba scored goals Saturday as Chelsea beat Liverpool, 2-1, at Wembley Stadium to win the English F.A. Cup.
U.S. NEWS
The Vanishing Mind

When Illness Makes a Spouse a Stranger

By DENISE GRADY
Like many others, Ruth French finds herself grappling with her spouse's frontotemporal dementia, a group of brain diseases that eat away at personality and language.

A Desert Town on the Way Up ... to Space

By KENNETH CHANG
Entrepreneurs and small aerospace companies based at an air and space port in California are among those thought to be leading the next phase of space exploration.

9 Swing States, Critical to Presidential Race, Are Mixed Lot

By MICHAEL COOPER
All nine states - Colorado, Florida, Iowa, Nevada, New Hampshire, Ohio, Pennsylvania, Virginia and Wisconsin - voted for President Obama in 2008 but have since seen big Republican gains.
OPINION
The Public Editor

In the Middle of a Food Fight

By ARTHUR S. BRISBANE
An essay contest from The Ethicist stirs a fuss among vegetarians and meat-eaters.
Op-Ed Columnist

The Party of Julia

By ROSS DOUTHAT
The Obama campaign invents a cartoon everywoman whose partner is, of course, big government.
Editorial

The End of Clean Energy Subsidies?

Unless Congress acts, promising renewable power sources will wither and jobs will disappear.

The Washington Post Sunday May 6, 2012 Headlines: Dan Balz: Obama’s real opponent: The economy

The Washington Post

TODAY'S HEADLINES

TODAY'S HIGHLIGHTS
Dan Balz: Obama’s real opponent: The economy
The president took on Mitt Romney as he formally launched his reelection campaign, but the former Massachusetts governor won’t be Obama’s most stubborn rival.
(By Dan Balz)

Detainees refuse to speak in 9/11 arraignment at Gitmo
Khalid Sheik Mohammed and four co-defendants refused to speak to the judge about their counsel.
(By Peter Finn)

Full moon Saturday will be this year's biggest, but don't expect more crime or freaky behavior
NEW YORK — The biggest and brightest full moon of the year arrives Saturday night as our celestial neighbor passes closer to Earth than usual.
(By Associated Press)

U.S. abandons consulate site in Afghanistan, citing threat risk
Compound cost $80 million to build but security concerns make it unusable, documents show.
(By Ernesto Londoño)

New name for PTSD could mean less stigma
Military officers and some psychiatrists say dropping the word “disorder” from PTSD will reduce the stigma that stops soldiers from seeking treatment.
(By Greg Jaffe)

NATION
Detainees refuse to speak in 9/11 arraignment at Gitmo
Khalid Sheik Mohammed and four co-defendants refused to speak to the judge about their counsel.
( by Peter Finn , The Washington Post)

Bleak outlook for peace in Syria
Western officials acknowledge the likely failure of the U.N. accord while resigning themselves to a struggle that could last into next year.
( by Joby Warrick , The Washington Post)

Pentagon report: Whistleblowers endured reprisals
Defense Department officials repeatedly turned aside evidence of serious punishments inflicted on those who had complained, investigators found.
( by R. Jeffrey Smithand Aaron Mehta | Center for Public Integrity , The Washington Post)

New name for PTSD could mean less stigma
Military officers and some psychiatrists say dropping the word “disorder” from PTSD will reduce the stigma that stops soldiers from seeking treatment.
(by Greg Jaffe , The Washington Post)

Updates to bible of psychiatry spark debate
A panel of psychiatrists charged with updating the reference manual used to diagnose mental illness is making some controversial changes.
( by N.C. Aizenman , The Washington Post)

More National: Breaking National News & Headlines - Washington Post



METRO
National Christmas Tree cut down
The centerpiece of popular lighting ceremony died, will be replaced this fall by a Colorado blue spruce.
( by Martin Weil , The Washington Post)

Give me a Q, give me a K . . .
If you’d give a qintar for an X, you might be Scrabble material. D.C. schoolchildren tested their skills Saturday in a districtwide tournament.
( by Tara Bahrampour , The Washington Post)

Suspect in Petworth hammer attacks has history of mental disorders
Young man charged with beating passersby in head was held for psychiatric evaluation a year ago.
( by Clarence Williams and Keith L. Alexander , The Washington Post)

Woman run over in Fairfax County
Police say Shelinda Delores Arrington, 21, had an argument with another driver in traffic.
( by Victor Zapana , The Washington Post)

Mystery of brothers found dead in Va.
There are few clues in the deaths of Manuel and Alberto Mireles-Garcia, whose remains were found months ago in the Lorton woods, police say.
( by Justin Jouvenal , The Washington Post)

More Post Local: Washington, DC Area News, Traffic, Weather, Sports & More - The Washington Post


POLITICS
Obama revs up campaign
At rallies in Ohio and Virginia, President Obama on Saturday made his most expansive case yet for why he should be elected to a second term.
( by Amy Gardner and Felicia Sonmez , The Washington Post)

Obama’s real opponent: The economy
The president took on Mitt Romney as he formally launched his reelection campaign, but the former Massachusetts governor won’t be Obama’s most stubborn rival.
(, The Washington Post)

Obama dings Romney’s ‘corporations are people’ line in campaign kickoff
The president seized on some of Romney’s wealth-related campaign-trail missteps as he argued that the former Massachusetts governor is out of step with the middle class.
( by Amy Gardner and Felicia Sonmez , The Washington Post)

More Post Politics: Breaking Politics News, Political Analysis & More - The Washington Post


STYLE
A controlling sister
Carolyn Hax on how to handle a sibling who seems to be carrying on a family tradition.
(, The Washington Post)

Date Lab: If this was the best ... we have concerns
A master class in miscommunication.
( interviews by Christina Breda Antoniades , The Washington Post)

A subversive twist on stereotypes
Artist Lalla Essaydi’s exhibit challenges Western conceptions of Arab women who live in harems.
( by DeNeen Brown , The Washington Post)

In cognac country, so much to drink in
A drink-and-dine tour of the cognac houses of France, plus a few other French liqueur distilleries.
( by Paul Abercrombie Special to The Washington Post , The Washington Post)

More Style: Culture, Arts, Ideas & More - The Washington Post


SPORTS
TV and radio listings: May 6
TV and radio listings: May 6
(, The Washington Post)

Kaplan shines at Draper Invitational
TRACK AND FIELD | Georgetown Visitation freshman Emily Kaplan cruises to a win in the 1,600 meters in Alexandria.
( by Carl Little , The Washington Post)

Pontius, Salihi lead United to victory
Chris Pontius and reserve Hamdi Salihi score goals in the second half to lead United to a 2-0 victory at Toronto (0-8-0), which is off to the worst start in MLS history.
( by Steven Goff , The Washington Post)

Anthony yet to deliver for Knicks
Since finagling a trade from Denver to New York, star Carmelo Anthony has experienced seven straight playoff losses with his new team
( by Michael Lee , The Washington Post)

I’ll Have Another edges Bodemeister
I’ll Have Another catches and passes Bodemeister in the final furlong to capture the 138th Kentucky Derby and give trainer Doug O’Neill his first Derby triumph.
( by Chris Korman Baltimore Sun , The Washington Post)

More Sports: Sports News, Scores, Analysis, Schedules & More - The Washington Post


WORLD
U.S. broadcaster attacks Cuban archbishop
Editorial sparks questions about U.S. support for the Catholic Church’s place in communist-ruled Cuba.
( by William Booth , The Washington Post)

Detainees refuse to speak in 9/11 arraignment at Gitmo
Khalid Sheik Mohammed and four co-defendants refused to speak to the judge about their counsel.
( by Peter Finn , The Washington Post)

Bleak outlook for peace in Syria
Western officials acknowledge the likely failure of the U.N. accord while resigning themselves to a struggle that could last into next year.
( by Joby Warrick , The Washington Post)

Pentagon report: Whistleblowers endured reprisals
Defense Department officials repeatedly turned aside evidence of serious punishments inflicted on those who had complained, investigators found.
( by R. Jeffrey Smithand Aaron Mehta | Center for Public Integrity , The Washington Post)

New name for PTSD could mean less stigma
Military officers and some psychiatrists say dropping the word “disorder” from PTSD will reduce the stigma that stops soldiers from seeking treatment.
(by Greg Jaffe , The Washington Post)

More World: World News, International News, Foreign Reporting - The Washington Post


LIVE DISCUSSIONS
Talk about Travel: All around France, the next big airline merger and more
The Post's travel writers and editors discuss your travel stories, questions, gripes and more.
(, vForum)

Live with Ezra Klein: What Obama's second term would look like
Ezra Klein discusses what Obama's second term would look like.
(, vForum)

More Conversations: Discussions, Blogs, Debates, Live Q&A's and More - The Washington Post


EDITORIAL
Down the road
Congress paves the way for a fiscal failure.
(, The Washington Post)

Gold rush to Burma
Reforms are just beginning, but Western companies want in.
(, The Washington Post)

Crunch time for the Dream Act
Leaders must rally around Gov. O’Malley to protect deserving immigrants.
(, The Washington Post)

Heeding the people’s rejection of ambulance fees

(, The Washington Post)

The cost of Mr. Obama campaigning abroad

(, The Washington Post)

More Opinions: Washington Post Opinion, Editorial, Op Ed, Politics Editorials - The Washington Post


BUSINESS
Bad financial role models? Break the cycle.
A 23-year-old with an old financial soul wrote this month’s Color of Money Book Club selection, “How to be Richer, Smarter, and Better-Looking Than Your Parents.”
(, The Washington Post)

Hostage-taking on the Silver Line
If you want a perfect example of why government has become dysfunctional, look no further than Loudoun County, Va.
(, The Washington Post)

More Business News, Financial News, Business Headlines & Analysis - The Washington Post