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October 22, 2014

Doug Ford promises to cut the land transfer tax

Filed under: management, small business — Tags: , , , — ManInBlack @ 11:24 am

Despite repeated mistruths and promises to cut taxes his competitors call irresponsible, Doug Ford (open Doug Ford’s policard) was celebrated at a debate hosted by realtors on Tuesday.

Ford’s defining salvo Tuesday morning at the Toronto Congress Centre in Etobicoke in front of members of the Toronto Real Estate Board was pushing a platform promise to cut the land transfer tax, which he introduced earlier this month in his bid to replace his ailing brother as mayor.

“We will make sure that we eliminate, right off the hop, 15 per cent of the land transfer tax,” Ford said. “A lot of my friends here want to tax, tax, tax, spend, spend, spend. I don’t believe in taxing and spending. I believe in saving and putting money back into the peoples’ pocket of this great city.”

Ford has previously promised he would cut up to 60 per cent over four years.

Cutting the land transfer tax was a promise made by his brother Rob Ford (open Rob Ford’s policard) four years ago. But the Fords were not able to scrap the tax without the support of council. During last year’s budget process, city manager Joe Pennachetti said the tax has allowed the city to balance the budget for the past three years.

After the debate, Chow told reporters that Ford’s promise could cost an increase in property taxes by 10 to 15 per cent. She said that would be “unacceptable.”

During the debate, she defended her position to keep the tax despite loud booing from the crowd.

“I’m just being upfront,” she said payday loan. “It’s $300 million and every $25 million is a 1 per cent property tax increase. What you do if we are to reduce the $300 million in revenue, the city’s property tax will dramatically increase and we cannot allow that to happen.”

Tory, who also found support with the realtor crowd despite arguing to keep the tax, said the Ford’s did not deliver on the promise they made four years ago. He said the revenue is needed for big budget items like public transit.

“I don’t believe you can start doing away with taxes of any kind before you spell out where you’re going to get the money from to replace it,” Tory said during the debate. “When he was told he couldn’t four years ago, in fact, he and his administration didn’t and that’s because it wasn’t realistic then and it isn’t realistic now. I wish I could tell you what you wanted to hear.”

In 2013, the land transfer tax brought in $357 million. With the cuts Ford is proposing, he would need to make up $214 million in revenue. He has previously said that at least $90 million would come from outsourcing garbage in the east end and at least $50 million in other efficiencies. But that still leaves the city at least $50 million short.

Earlier in the campaign, a joint press release with TREB said Ford would be meeting with the board to discuss the tax.

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October 11, 2014

New once-a-day pill for Hep C wins FDA approval

Filed under: marketing, small business — Tags: , , , — ManInBlack @ 3:16 am

WASHINGTON (AP) — Federal health officials have approved a daily pill that can cure the most common form of hepatitis C without the grueling pill-and-injection cocktail long used to treat the virus.

It was not immediately clear how much the drug from Gilead Sciences would cost. But the $1,000-per-pill price tag for the company’s previous hepatitis drug has recently drawn scorn from patient groups, insurers and politicians worldwide.

The Food and Drug Administration said Friday that it cleared the new combination pill, Harvoni, for patients with genotype 1 of hepatitis C, a form of the liver-destroying virus that accounts for roughly 70 percent of U.S. cases. For the first time these patients will not have to take a combination of antiviral pills and shots that causes flu-like side effects.

Gilead Sciences Inc. is based in Forest City, California.

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October 7, 2014

Accidental 911 pocket-dial leads police to meth lab

Filed under: news, small business — Tags: , , , — ManInBlack @ 9:24 pm

Sometimes, good detective work and weeks of investigation are needed to nab suspected criminals. But other times all investigators need is 30 minutes to listen in on an accidental pocket dial to a 911 dispatch centre.

That’s the reason 55-year-old Donna Knope, 32-year-old Jason Knope and 41-year-old Thomas Stallings spent their weekend in a Florida jail on drug charges.

According to Volusia County deputies, one member of the Deltona, Fla., trio accidentally dialed 911 about 12:30 a.m. Saturday. When the dispatcher answered and tried to get details about the potential emergency, there was no response.

Instead, she overheard a discussion about drugs.

Deputies say the dispatcher kept the line open and fed details to investigators from the three who were unknowingly being recorded. At one point, the dispatcher reported hearing bubbling noises as if something was cooking.

Using cellphone locater data, deputies tracked the origin of the call to a shed behind a home in Deltona where Donna and Jason Knope lived.

When deputies arrived, the three were actively cooking a batch of methamphetamine, investigators say. Also found were many of the household items found in meth labs such as lighter fluid, coffee filters, a butane torch and batteries.

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October 1, 2014

Sydney Pads Costing More Than New York Spurs RBA Rethink - Bloomberg

Filed under: mortgage, online — Tags: , , , — ManInBlack @ 9:04 am

To see why Australia

September 24, 2014

Big new iPhone brings Apple more profit

Filed under: news, uk — Tags: , , , — ManInBlack @ 9:20 pm

SAN FRANCISCO — Apple’s largest iPhone is selling for $100 more than its other new model, but an outside research firm estimated Tuesday that it costs Apple only $15.50 more to make the more expensive version.

Apple said it sold more than 10 million of the new iPhone 6 and iPhone 6 Plus models in their first three days on sale. Both have larger screens than earlier iPhone models, and analysts say consumers like the new, bigger sizes. The Plus has a 5.5-inch screen, as measured diagonally, while the regular iPhone 6 is at 4.7 inches.

The new iPhones went on sale Friday and address a key advantage rival Android phones have long had: size. The iPhone has been Apple’s main source of profits and is expected to remain so for at least the next year.

Apple will make more profit on the Plus version, according to a report from research firm IHS Technology. The full, no-contract price for the 16-gigabyte iPhone 6 is $650. IHS estimates it costs Apple $200.10 for materials and manufacturing. The iPhone 6 Plus retails for $750 without a contract, but IHS says it costs Apple $215.60.

With a two-year service contract with a wireless carrier, a 16-gigabyte iPhone 6 costs consumers $200. An iPhone 6 Plus costs $300 with a contract.

The Plus model also has a bigger battery and a slightly more expensive camera than the regular iPhone 6, according to IHS.

Apple didn’t immediately respond to a request for comment on the report. The Cupertino, California, company usually doesn’t disclose details of its manufacturing costs.

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September 8, 2014

Dubai to spend $32 billion on airport expansion

Filed under: legal, management — Tags: , , , — ManInBlack @ 4:24 pm

DUBAI, United Arab Emirates (AP) — Dubai’s airport operator says the emirate’s ruler has endorsed a $32 billion expansion plan for the city’s second airport that officials envision will eventually become the world’s biggest.

The announcement Monday sets in motion a vast building project that aims to give the airport known as Al Maktoum International at Dubai World Central the capacity to handle more than 200 million passengers per year.

The airport opened for cargo flights in 2010 in the desert south of central Dubai. It received its first passengers in October at a single terminal that is mainly used by smaller airlines and low-cost carriers.

The currently larger Dubai International Airport is by far the Mideast’s busiest airport and is home to Dubai-based Emirates, the region’s largest carrier.

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September 7, 2014

9-year-old from Saskatoon steals city bus, goes on joyride

Filed under: investors, marketing — Tags: , , , — ManInBlack @ 1:04 am

SASKATOON—A 9-year-old boy has a lot of explaining to do after taking a city bus for a joyride in Saskatoon.

Police say the boy hopped into the empty bus while it was parked with the engine running outside the transit yard on Saturday morning.

He hit the gas and got two blocks before hitting a curb and getting stuck, but during that time smashed another city bus and a parked vehicle.

No one was injured and police say that due to the boy’s age there won’t be any charges.

He has since been taken home by police.

Eyewitness Michael Pritchard says the bus was left running with the door open, and he had seen the boy ride past on a bicycle just moments before.

Pritchard was sitting in his truck in an alley waiting for his son at the time. But as his son approached, he noticed something that caused him to do a double-take.

“I looked in my mirror and I saw a little head in the driver’s seat of the bus,” said Pritchard in an interview.

The bus rolled out of view and the two men heard a crash as the vehicle hit another bus.

They raced out to the street and saw the bus continuing on so they jumped into the truck and took off after it.

Pritchard said they tried not to make it look like they were following.

The bus hit a parked car but kept going towards Idylwyld Dr., a busy thoroughfare. As it attempted to turn onto Idylwyld, it clipped stop sign and became lodged against the curb.

Pritchard jumped out of his truck and ran up to the bus.

“He was looking at me. With his foot — like you could hear the bus wanting to go but he couldn’t go anywhere because I’m guessing the back tire was locked into the curb somewhere,” Pritchard said.

“I had to pry open the bus doors. I told him to get out of the bus. He got out of the bus and I grabbed him because I didn’t want him to take off. That’s when the transit guy came.”

Pritchard said the boy wouldn’t answer any questions.

“He just kept saying, ‘No. No.’ ”

Staff Sgt. Ryan Smith said the boy was alone and hadn’t been with any other children at the time.

Pritchard said the boy did a lot of damage and it’s lucky no was injured.

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September 5, 2014

Outgunned Philippine General Seeks Upgrade as China Expands - Bloomberg

Filed under: finance, management — Tags: , , , — ManInBlack @ 10:08 am

Philippine military chief Gregorio Pio Catapang likens his task to a boxing match. Dwarfed by neighbors like China, with whom ties are strained, he

September 2, 2014

Bond Market Tilts Toward Frankfurt as Draghi Negates Fed

Filed under: news, technology — Tags: , , , — ManInBlack @ 4:16 am

The world

August 13, 2014

Carney Pledges No Rush to Raise Rate as BOE Focuses on Wages - Bloomberg

Filed under: marketing, uk — Tags: , , , — ManInBlack @ 5:28 pm

Mark Carney pledged that Bank of England officials won

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