Tuesday, March 20, 2012

New Israeli law bans underweight models in ads

An Israeli walks past an advertising displayed on a main street in Tel Aviv, Israel, on Monday, March 19, 2012. A new Israeli law, passed late Monday, is trying to fight the spread of eating disorders by banning underweight models from local advertising. (AP Photo/Oded Balilty)

An Israeli walks past an advertising displayed on a main street in Tel Aviv, Israel, on Monday, March 19, 2012. A new Israeli law, passed late Monday, is trying to fight the spread of eating disorders by banning underweight models from local advertising. (AP Photo/Oded Balilty)

Israelis go past an advertising displayed along a main street in Tel Aviv, Israel, on Monday, March 19, 2012. A new Israeli law, passed late Monday, is trying to fight the spread of eating disorders by banning underweight models from local advertising. (AP Photo/Oded Balilty)

(AP) ? A new Israeli law bans showing overly thin models from local advertising in an attempt to fight the spread of eating disorders.

It also requires publications to disclose when they use altered images of models to make the women and men appear even thinner than they really are.

The law, passed late Monday, appears to be the first attempt by a government to use legislation to take on a fashion industry accused of abetting eating disorders by idealizing extreme thinness. It could become an example for other countries grappling with the spread of anorexia and bulimia, particularly among young women.

The law's supporters said they hoped it would encourage the use of healthy models in local advertising and heighten awareness of digital tricks that transform already thin women into illusory waifs.

"We want to break the illusion that the model we see is real," said Liad Gil-Har, assistant to law sponsor Dr. Rachel Adato, who compares the battle against eating disorders to the struggle against smoking.

In Israel, about 2 percent of all girls between 14 and 18 have severe eating disorders, a rate similar to other developed countries, said anthropologist Sigal Gooldin, who studies eating disorders.

The new law requires models to produce a medical report dating back no more than three months at every shoot that will be used on the Israeli market, stating that they are not malnourished by World Health Organization standards.

The U.N. agency uses a standard known as the body mass index ? calculated by factors of weight and height ? to determine malnutrition. WHO says a body mass index below 18.5 is indicative of malnutrition, said Adato, a gynecologist.

According to that standard, a woman 5 feet 8 inches (1.72 meters) tall should weigh no less than 119 pounds (54 kilograms).

Any advertisement published for the Israeli market must also have a clearly written notice disclosing if the model shown in it was digitally altered to make her, or him, look thinner. The law will not apply to foreign publications sold in Israel.

The law was championed by one of Israel's top model agents, Adi Barkan, who said in 30 years of work, he has seen young women become skinnier and sicker while struggling to fit the shrinking mold of what the industry considered attractive.

"They look like dead girls," Barkan said.

Critics said the legislation should have focused on health, not weight, saying many models were naturally very thin.

"The health of the model ... should be evaluated. Our weight can change hour to hour," said David Herzog, a professor of psychiatry and a leading U.S. expert on eating disorders.

Top Israeli model Adi Neumman said she wouldn't pass under the new rules, because her BMI was 18.3. Neumman said she ate well and exercised. She said legislation should have focused on health and well-being, not weight.

"Force actual tests. Make girls go to a doctor. Get a system to follow girls who are found to be puking," she said.

Legislator Adato said only 5 percent of women had BMI that naturally fell under 18.5.

"On the one hand, maybe we'll hurt a few models," Adato said. "On the other hand, we'll save a lot of children."

Pressure on the fashion industry has intensified in recent years, sparked by the deaths of models in Brazil and Uruguay from medical complications linked to eating disorders.

Uruguayan model Luisel Ramos, 22, collapsed and died soon after stepping off the runway in August 2006, reportedly of anorexia-linked heart failure.

Other governments have taken steps to prevent "size zero" medical problems but have shied away from legislation.

The Madrid fashion show bans women whose BMI is below 18. Milan's fashion week bans models with a BMI below 18.5.

The U.K. and U.S. have guidelines, but the fashion industry is self-regulated.

Unrealistic body images in the media are believed to shape eating habits, especially among young people, though there is debate about how influential they are.

Gooldin, the anthropologist, said young women used in television, movies and advertisements serve as references for the ideal body, rather than the women around them.

"There's a gap between our own bodies ... and ideal bodies. They keep shrinking and getting smaller," she said.

It's not clear whether the law will have a measurable impact, because Israeli teens take their cues from both international media and local publications, Gooldin said. And the ban isn't likely to affect many ? there are only about 300 professional models in Israel, and only a few work abroad, said agent Barkan and model Neumman.

Gooldin said it was a positive step to deal with a problem that has plagued Western societies.

Legislator Adato said she hoped Israel would be an example other countries could study.

"You don't need to be underweight to be beautiful, or successful," she said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-03-20-Israel-Underweight%20Models/id-f79071f777a34abebfc5f23ae03ad54e

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Monday, March 19, 2012

Chevron executives barred from leaving Brazil over spill

SAO PAULO/RIO DE JANEIRO (Reuters) - A Brazilian court on Saturday barred 17 executives from Chevron and Transocean from leaving Brazil, pending criminal charges related to a high-profile oil spill last November.

A federal judge in Rio de Janeiro state granted a request from prosecutors who are pressing for charges against both firms, a spokesman for prosecutor Eduardo Oliveira said in a phone interview. George Buck, who heads Chevron's Brazil unit, and the other 16 executives must turn in their passports to the police within 24 hours, the spokesman said.

Charges are expected to be filed on Tuesday or Wednesday, according to the prosecutors' press office.

The court decision came a day after the Brazilian navy spotted a thin stain of oil extending for about 0.6 mile in offshore field Frade, which was also the site of last year's spill. U.S.-based Chevron said in a statement it halted production at Frade on Saturday after winning permission from Brazilian oil industry regulator ANP.

Neither Chevron nor any of its executives "have been formally notified of any action by the judiciary yet," the company statement said. "Any legal decision will be abided by the company and its employees. We will defend the company and its employees."

Prosecutors want to press a criminal indictment of Buck and other executives from Chevron and Swiss-based offshore drilling company Transocean, three government sources told Reuters in January. Transocean's rig was used in the Frade field.

It is up to a judge to determine whether to accept the charges and proceed with indictments.

Chevron's spill in November leaked as many as 3,000 barrels from sea-floor cracks. It resulted in an $11 billion civil lawsuit, the largest environmental damages case in Brazil's history, although the total amount of oil was less than 0.1 percent of the BP spill in 2010 in the Gulf of Mexico.

Chevron's troubles in Brazil could force it to rethink Latin American strategies. A shortage of trained workers, engineers and equipment has driven up costs in Brazil, and Chevron faces an $18 billion environmental verdict in Ecuador.

Chevron is stopping production plans to better assess its "reservoir management plans" in Brazil, where it has spent over $2 billion developing the largest foreign-run oil field. The suspension will shut down a field with the capacity to produce 80,000 barrels a day, more than 3 percent of Brazil's oil output.

Chevron, which made public on Thursday the request to suspend output at Frade, said the plan was supported by its partners in the field: Brazilian state oil company Petrobras and Frade Japan, which is owned by Japan's Inpex, Japanese trading house Sojitz and Japanese state oil and metals group JOGMEC.

Chevron owns 52 percent of Frade and operates the field. Petrobras owns 30 percent and Frade Japan, 18 percent.

"The decision to request the temporary shut-in of production is a precautionary measure," Chevron said in the statement. "The company will conduct a comprehensive technical study and prepare a complementary study to better understand the geological features of the area, working with partners."

NAVY SPOTS STAINS

Navy staff found the stain on Friday after flying over the area off Brazil's Atlantic coast, according to a statement late on Friday. The navy, the ANP and environmental protection agency Ibama will monitor and coordinate actions with Chevron to control the stain, the statement added.

Most of the oil coming from the leak is being captured by specially built containment devices, Chevron said, adding additional devices would be installed as needed.

Chevron said on Thursday there was no evidence that the new leak and the one in November were related.

Natural oil leaks in the Campos Basin, home to the Frade field, are common, Cleveland Jones, a geologist at UFRJ, the state university of Rio de Janeiro, said in an interview.

"Until there is some proof, there is a good chance that this leak is a natural occurrence, not something to do with Chevron," he said. "Leaks of this size are common, and are how people realized there was oil in the area in the first place."'

ANP, Brazil's navy and Ibama officials will meet early next week to assess the situation.

(Additional reporting by Maria Pia Palermo in Rio de Janeiro; Editing by Peter Cooney)

Source: http://news.yahoo.com/chevron-executives-barred-leaving-brazil-over-spill-010755995.html

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Source: http://www.lawguru.com/legal-questions/-/legal-duty-police-officer-ride-250784260/

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Getting Started In Commercial Real Estate Investing | what is a ...

Commercial Real Estate

Commercial Real Estate

Is commercial real estate investing a better investment than investing in residential real estate? Now, we all know that real estate in general is a great investment vehicle and both residential and commercial properties can be good investments. Either avenue can have a tremendous effect on your net worth, but most people think only of residential property when they think about investing in real estate. While this is certainly the most viable route for most people, commercial property can offer additional benefits that residential real estate can?t.

1.) Commercial Real Estate Gives You More Access to More Capital

??????? It has been my experience that it is somewhat easier to raise larger amounts of capital (under $3M) for a commercial deal than it is to raise $150,000 for a residential deal. As a residential investor your access to capital is limited primarily to traditional financing, hard money lenders, and private money from individual investors. If you are unable to raise capital from one of these three avenues, then you are forced to acquire property in more of a creative manner with owner financing, subject to strategies, lease options, etc. This in itself is not a bad thing, but unfortunately you will have to walk away from some good deals that can?t be acquired with creative financing techniques.

?????? In commercial real estate it is more common for investors to pool their capital together and syndicate deals, you will also find that smaller private equity firms and finance companies are more inclined to do joint venture projects and provide the needed capital to complete the deal if the deal makes sense. So as a commercial real estate investor you have the potential to raise capital for a deal from the same traditional sources as residential real estate i.e. Traditional Financing and Hard Money, but in addition to that you can have access to capital through smaller private equity firms, hedge funds, private REITs, investment groups, etc.

There also seems to be a sense of intrigue and prestige when it comes to investing in commercial real estate. Perhaps because of the current commercial building market it appears investors are trending to investing in commercial projects.

2.) Commercial Real Estate is Less Competitive

?????? When you think about it from a marketing perspective, most investors target residential property owners, thus making the residential market more competitive. In many arenas from industry news sources, the World Wide Web, all the ?We buy Houses? signs on virtually every city corner, discuss marketing tactics targeting residential property owners. If you take the same marketing strategies discussed and apply them to commercial real estate, you will probably find that you are the ONLY person contacting these commercial property owners in regards to selling their property. Most commercial properties under $5 million tend to be too large for most residential investors, yet too small for most institutional investors.

3.) Commercial Real Estate allows for ?Forced? Appreciation

????? Residential real estate is typically valued based on other comparable properties that have sold in the area that are similar in features. If the ?comps? for a 3 bedroom/2 bathroom house in a particular neighborhood is roughly $100,000, then your property is probably going to be worth $100,000. It doesn?t matter too much that you have additional features, or that your house is getting $900 a month in rent as opposed to the house down the street that is only renting for $700 a month. All things considered, your property will still be valued pretty close to the ?comps? of the area.

?????? However, in commercial real estate, the valuation of a property is based on the revenue that the property generates. Now, commercial real estate is still subject to the ?comps? of the area as it pertains to ?How? that revenue is valued in terms of capitalization rates. But, the overall premise is that, the more revenue a property generated, the more that property is worth.

?????? So, in order to ?force? the appreciation of your commercial property, you need to find additional ways to increase the revenue that the property generates. A small increase in revenue can increase the value of a property significantly depending on the ?Cap Rates? in the area for that type of commercial real estate. Unfortunately, with residential real estate this isn?t an option as you really can?t force appreciation; your property will be valued in the general range of the market comps.

????? As you can see, commercial real estate investing offers many benefits over residential real estate in addition to higher returns on your investment. Now of course there are disadvantages with any investment vehicle, commercial real estate included. However, consider the following when choosing between residential or commercial investing to create your passive income stream;

Commercial vs. Residential:My Thoughts on Commercial Real Estate Investing

1) The building qualifies for the loan; Not the borrower
2) The building pays back the loan; Not the borrower
3) Others are expected to manage the building; Not the borrower
4) Income determines the value of the property; Not the comps
5) Cap Rate measures demand for the property; Not the comps.

A commercial property?s value is eternally tied into the income the property produces and the overall demand for the property?s services based on its location & its highest & best use.

if you want to read a rilated article about
i hope you enjoyed this article about Getting Started In Commercial Real Estate Investing

March 19, 2012 ?Tags:?Commercial Real Estate ?Posted?in:?Real Estate Investment


Source: http://whatisa-investment.com/started-commercial-real-estate/

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World News - Did St. Patrick sell slaves to the Irish?

By msnbc.com staff and news services

LONDON -- St. Patrick, patron saint of Ireland, may well have been a tax collector for the Romans who fled to Ireland where he could have traded slaves to pay his way, according to new research by a University of Cambridge academic published on Saturday.

The generally accepted account of the saint's life, albeit based on scant evidence, says Patrick was abducted from western Britain as a teenager and forced into slavery in Ireland for six years during which time he developed a strong Christian faith.


Afterwards, the account continues, he escaped his captors and went back to Britain before eventually returning to Ireland as a missionary.

But Roy Flechner, from the Department of Anglo-Saxon, Norse and Celtic at Cambridge, believes there are reasonable grounds to question the popular version which is based partly on Patrick's own words.

"The problem with this account is that he was telling this story in response to accusations leveled against him that he fled to Ireland for financial gain," Flechner told Reuters in a telephone interview.

"It's an inference that has been made long before in conventional scholarship."

10 best St. Patrick's Day parades for families

According to the study, published on Saturday to coincide with St. Patrick's Day, the saint may have wanted to leave Britain in the early 400s to avoid the "onerous" duties of a "Decurion", or Roman official responsible for collecting taxes.

Patrick's father was a Decurion and, when he decided to rid himself of the post by becoming a cleric, his responsibilities would have fallen to his son.

Slaves were his 'liquid assets'
At a time when Roman government in Britain was in decline, collecting and underwriting taxes would have been an unwelcome task, enough to prompt Patrick to emigrate, Flechner said.

"It is likely that at least for a while he (Patrick) held an imperial office. One way or another, I think this would have been the catalyst for him leaving for Ireland."

The academic also questioned Patrick's own account of escaping slavery in Ireland.

"Once you escaped from slavery you lacked any legal status and anyone could imprison you and kill you, and this conflicts with what he said -- that he broke loose, crossed Ireland and then the Irish Sea to get back to Britain," he explained.

"He might not even have been acknowledged as a free man in his native Britain and could have been enslaved again there."

If Patrick had left Britain for Ireland of his own free will, the best way to take his wealth with him would be in the form of slaves, Flechner argued.

Patrick himself said his family owned slaves, which was common for aristocratic families in this period.

"Your property would have been hereditary and in the form of land, but if you had wanted to transport the value of the property, it is more likely you would have traded a more 'liquid asset', in this case slaves.

"In a slightly later period where we do have more sources, slaves had become a very important social institution and quite ubiquitous in Ireland."

Flechner conceded that it was difficult to be sure of any theory about a period of British history covered by so little reliable material.

But he added that his study had the advantage of being "free from the more reverential accounts of St. Patrick that have been handed down in legend through the generations.

"In this case we are seeing Patrick through the eyes of Roman law which offers a new perspective.

"None of this is to say that Patrick was not a bishop or that he did not engage in missionary activity, but his primary motives for moving to Ireland were most likely to escape the poisoned chalice of his inherited position in Roman Britain."

Reuters contributed to this report.

More from msnbc.com and NBC News:

Follow us on Twitter: @msnbc_world

Source: http://worldnews.msnbc.msn.com/_news/2012/03/17/10729131-did-st-patrick-sell-slaves-to-the-irish

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Sunday, March 18, 2012

Law Firm Offers Free Legal Services To Start-Ups - Venture Capital ...

Entrepreneurs who want to start a company but don?t know how can take advantage of free services offered by Perkins Coie, a law firm that is celebrating its 100th anniversary with a new website at www.startupPerColator.com.

Here they can get forms that show how to create a Delaware ?C? corporation. They can also generate a term sheet, based on model documents from the National Venture Capital Association, that could guide them as they negotiate seed funding from an investor.

The website is also being updated by Perkins Coie attorneys, who are providing Founder Tips of the Week on subjects ranging from business plans to protection of trade secrets to financing.?

Buddy Arnheim, who chairs Perkins Coie?s Emerging Companies practice, said the site is ?a way to arm entrepreneurs with ability and knowledge so they can form companies more quickly? at a lower cost. He said he got the idea for the site while using Intuit?s TurboTax to do his taxes.

?I loved how it walked me through a wizard and spit out a tax return, and I thought, why can?t we do that for the formation of companies?? he said.

Perkins Coie still advises entrepreneurs to consult a lawyer when they?re starting their companies, but if they?ve used the wizards first, Arnheim figures their conversations with attorneys could be more productive, honing in on the 10% or 20% of the issues that are different for each start-up.

He says the cost of starting an Internet business has fallen precipitously over the last decade, and the legal industry is facing the same pressures. ?Hopefully this will be the beginning of embracing technology to improve the quality of (legal) services,? Arnheim said.

Perkins Coie expects to add more services to the site?perhaps on making small acquisitions or raising venture capital or debt?in the future. The firm has offices throughout the U.S. and in China and Taiwan.

Source: http://blogs.wsj.com/venturecapital/2012/03/16/law-firm-offers-free-legal-services-to-start-ups/

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Saturday, March 17, 2012

Deductions For The Business Traveler - News Sports Travel

Article by Hjalti Chan Levesque

When travel is primarily for business or career-related education, then a portion of the trip may be tax-deductible. As long as most of your travel days are for business purposes, you can deduct the cost of travel.
Travel expenses as defined by the IRS, are the Ordinary and Necessary expenses of traveling away from home for your business, profession, or job. An Ordinary expense is one that is common and accepted in your field of trade, business, or profession. A Necessary expense is one that is helpful and appropriate for your business
Your trip must be primarily for business. Leisure days can be added to a trip and still be considered primarily for business. The more days and time per day spent on business will help substantiate the trip. There are no specific rules on how many days and how much time per day need to be spent on business for your trip to be considered business related.
Keep all the documentation for business-related travel, including confirmations of appointments, emails, phone records, registration to conferences, etc. The days spent traveling to and from a business trip are considered part of the trip. This includes the weekend if it is impractical to come home between weekday business meetings.
If Traveling with Your Spouse
If a spouse goes with you on a business trip or to a business convention, their travel expenses can only be deducted if your spouse
is your employee,
has a bona fide business purpose for the travel, and
would otherwise be allowed to deduct the travel expenses.
To be considered an employee, your spouse must be on the payroll and payroll taxes must be paid. If your spouse is not an employee and travels with you on vacation, you can still deduct the cost of your room at the single-occupancy-per-day rate, rather than half the rate. Meals can also be deductible. If you are paying for dinner or lunch for a customer or business associate and that person?s spouse, the full cost of the meals might qualify under the 50% meal deduction.
Example: Bill drives to Boston on business and takes his wife, Joan, with him. Joan is not Bill?s employee. Joan occasionally types notes, performs similar services, and accompanies Bill to luncheons and dinners. The performance of these services does not establish that her presence on the trip is necessary for Bill?s business. Her expenses are not deductible.
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Bill pays $ 199 a day for a double room. A single room costs $ 149 a day. He can deduct the total cost of driving his car to and from Boston, but only $ 149 a day for his hotel room. If he uses public transportation, he can deduct only his fare. Further, if Bill has dinner with a customer and spouse, the meal may be deducted under the 50% meal deduction.
When traveling outside of the United States, the transportation for business trips of one week or less may be deducted. However, only a portion of transportation costs for longer trips are deductible.
Example: You live in New York. On May 4 you flew to Paris to attend a business conference that began on May 5. The conference ended at noon on May 14. That evening you flew to Dublin where you visited with friends until the afternoon of May 21, when you flew directly home to New York. The primary purpose for the trip was to attend the conference.
If you had not stopped in Dublin, you would have arrived home the evening of May 14. You did not meet any of the exceptions that would allow you to consider your travel entirely for business. May 4 through May 14 (11 days) are business days and May 15 through May 21 (7 days) are non-business days.
You can deduct the cost of your meals (subject to the 50% limit), lodging, and other business-related travel expenses while in Paris.
You cannot deduct your expenses while in Dublin. You also cannot deduct 7/18 of what it would have cost you to travel round-trip between New York and Dublin.
You paid $ 450 to fly from New York to Paris, $ 200 to fly from Paris to Dublin, and $ 500 to fly from Dublin back to New York. Round-trip airfare from New York to Dublin would have been $ 850.
You figure the deductible part of your air travel expenses by subtracting 7/18 of the round-trip fare and other expenses you would have had in traveling directly between New York and Dublin ($ 850 ? 7/18 = $ 331) from your total expenses in traveling from New York to Paris to Dublin and back to New York ($ 450 + $ 200 + $ 500 = $ 1,150). Your deductible air travel expense is $ 819 ($ 1,150 ? $ 331).
What Type of Expenses Are Deductible?
Following are expenses that you can deduct when you travel away from home for business:
Transportation Expenses
You can deduct Transportation Expenses when you travel by airplane, train, bus, or car between your home and your business destination. If you were provided with a ticket or you are riding free as a result of a frequent traveler or similar program, your cost is zero. If you travel by ship, additional rules and limits apply.
Transportation Fares
You can deduct Transportation Fares for transportation that takes you between
the airport or station and your hotel, and
the hotel and the work location of your customers or clients, your business meeting place, or your temporary work location.
Luggage and Shipping Expenses
You can deduct the cost of sending luggage and sample or display material between your regular and temporary work locations.
Auto Expenses
You can deduct the cost of operating and maintaining your car when traveling away from home on business. You can deduct actual expenses or the standard mileage rate, as well as business-related tolls and parking. If you rent a car while away from home on business, you can deduct only the business-use portion of the expenses.
Meals and Lodging
You can deduct your meals and lodging if your business trip is overnight or long enough that you need to stop for sleep or rest to properly perform your duties. Meals include amounts spent for food, beverages, taxes, and related tips.
Cleaning Clothes
You can deduct the dry cleaning and laundry expenses you incur while away on business.
Phone Calls
All business calls while on your business trip are deductible. This includes business communication by fax machine or other communication devices.
Tips
You may deduct the tips you pay for any expense listed above.
Miscellaneous Expenses
You can deduct other similar ordinary and necessary expenses related to your business travel. These expenses might include transportation to or from a business meal, public stenographer?s fees, computer rental or Internet access fees.
for more info visit Business Travel

Source: http://www.news-sports-travel.com/2012/03/16/deductions-for-the-business-traveler/

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