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Claiming R&Amp;D Tax Credits In The Uk Do You Qualify?

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Claiming R&Amp;D Tax Credits In The Uk Do You Qualify?

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Submitted by: Steve. A Shaw

R&D tax credits stands for Research and Development Relief. It is a corporation tax relief that could reduce the tax bill for your organization or company. However, not all companies or corporations are eligible for this type of tax credit. To determine whether or not you are, you must gain more knowledge of R&D tax credits.

Research and development is important for many companies. This crucial department helps businesses determine what type of products should be introduced, and what products should be discontinued. It also helps them in building new products and expanding their ideas. Without research and development, companies would not be able to expand their horizons. However, this type of work requires a lot of time, effort and especially money. The expenses required for R&D can cause a company to lose a lot of money. This is where the R&D tax credits come in handy.

In order to qualify for the tax credit, the research must fall under a few guidelines. First, it must be of a scientific or technological nature. It must also be beneficial to your company. The research and development must help the company achieve advanced knowledge of the scientific or technological aspect that they are looking into. It must also be related to the companies trade or field of expertise. The activities that are performed must directly contribute to seeking an advance in science or technology. The company must also be liable for corporation tax to qualify for the R&D tax credits.

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There are two types of companies that can qualify for the tax credit. The type depends on the size of the company. The first one, Small or Medium-sized Enterprise (SME), will have less than 500 employees. An SME will also either have an annual turnover of under 100 million or a balance sheet of under 86 million. Other companies fall under the Larger Company type. The type of company comes into effect when you have to claim your R&D tax credit. SME companies will claim theirs differently than large companies.

To qualify for the tax credit, the company must spend a minimum of 10,000 a year on qualifying research and development. However, there is no cap on the amount that you can spend. As long as you meet the minimum requirement, as well as all others, you are eligible for the credit. The costs are broken down into a few different categories. Employee costs and staff costs are crucial for R&D. You must pay your employees that are handling the research and you must also take care of costs for staff that are assisting the employees. Materials and software used for the research and development also counts towards qualifying costs. If you have to make payments for any clinical use or any trials that have to be performed the cost would qualify as well. Finally, all utilities that you must pay while performing the R&D qualify towards the credit. This includes gas, water and electricity.

Research and Development tax credits are not for every company. In fact, mostly technology or science related companies qualify for the tax credit. However, it is important to know the qualification guidelines to determine whether or not you can claim the credit. If all the guidelines relate to your company, then you can claim the credit.

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  • 10 Oct, 2021
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A leak at the Sellafield nuclear reprocessing facility on Cumbrian coast, England

Monday, May 9, 2005

At the Sellafield reprocessing plant, a leak in the process was spotted on April 19. The leak did not cause danger to people or the environment but it disturbed the normal operation of the plant.

Workers at the plant noticed a discrepancy in the amount of material being reprocessed that enters pipes that lead to a set of centrifuges and the amount of material actually arriving at the centrifuges. They used remote cameras to find the crack where the material was escaping; over twenty tonnes have leaked into a steel lined chamber.

The material, consisting of mostly uranium and some plutonium dissolved in nitric acid, would have been reprocessed in the centrifuges. The large stainless steel chamber that now contains the spilled material is too dangerous to enter due to radioactivity, though it poses no danger to those inside or outside the plant.

The plant has been shut down pending repairs.

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  • 9 Oct, 2021
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Denny’s Super Bowl free ‘Grand Slam Breakfast’ brings 2 million diners

Friday, February 6, 2009

Denny’s 1,600 chain restaurants across North America, Puerto Rico and Canada, were slammed for eight hours Tuesday with hungry patrons standing on sidewalks for nearly two hours to take advantage of the $5.99 “Grand Slam Breakfast” giveaway.

Denny’s, a dining chain with annual revenue of about $900 million, has advertised in a TV commercial Sunday during the Super Bowl XLIII that it would give away its signature breakfast from 6 a.m. until 2 p.m. local time Tuesday, at all its restaurants in the U.S., Canada and Puerto Rico, while supplies lasted.

Denny’s Diner has promoted the iconic dish giveaway heavily, with a bold 30-second appeal ad that aired during the third quarter of the Super Bowl 43 on Sunday, plus another 15-second ad during the post-game show, offering a free breakfast to some 90 million viewers. In addition, it has placed a full-page ad in USA Today‘s Monday edition. The promotion was further announced on The Today Show and notices were also sent out to the chain’s “Denny’s Breakfast Club” members.

The NBC ad, which was bought to unveil a new promotion for customers squeezed by the recession, may have cost as much as $3 million, said Nelson Marchioli, CEO of Denny’s Corp. Super Bowl XLIII’s 30-second commercial time slot costs $2.4 million–$3 million for the airtime alone, excluding production and talent costs.

The game was televised live by the US NBC Sunday Night Football and Canada’s CTV Television Network. BayTSP has reported that, “as of 10 a.m. Wednesday, commercials that initially aired during NBC’s Super Bowl XLIII broadcast subsequently had been watched online more than 28 million times.”

“The promotion has a total cost of $5 million U.S., which includes $3 million for the commercial on NBC,” said a Denny’s spokesman, noting also that the company received about $50 million in news coverage, most of which was positive. According to a Denny’s representative, two million people walked through the restaurant chains’ doors Tuesday, and each Denny’s restaurant served an average of 130 Grand Slams per hour.

With the “Denny’s Feeds America” promotion, the company has reported 14 million hits on its Web site between Sunday night and Monday morning. Denny’s shares rose 6 cents, or 3.1 percent, to $1.98 in afternoon trading. The stock has traded in a range of $1.18 to $4.10 over the past 52 weeks.

“Denny’s free Grand Slam” has ranked in the top 10 Google searches early Tuesday and fell to No. 18 by the end of the promotion, while “denny s locations” was #9 on Google Trends, which tracks fast-rising searches. It has also held spots No. 1 (Denny’s) and 7 (Grand Slam) on Twitter‘s trending topics. It has generated much chat on Twitter, garnering 1,700 tweets on Tuesday, compared with its average of 59. Doritos, winner of the USA TODAY survey for best Super Bowl spot ad, had 933 mentions after reaching a peak of almost 3,300.

The idea of the TV ad was to get people to come in and re-evaluate Denny’s Diner. “A lot of people have forgotten what Denny’s is, or they think they know, while we’ve come out with a whole lot of new products. We felt like we needed to jump start the brand,” Denny’s Chief Marketing and Innovation Officer Mark Chmiel said.

“We’re celebrating the Grand Slam this year,” Chmiel said. According to the company’s financial data, on January 15 Denny’s reported systemwide comparable-store sales for the fourth quarter were down 6.1 percent, compared to a 0.2 percent decline from the same period in 2007.

According to Robert Gonzalez, public relations company Hill & Knowlton spokesman, Denny’s has expected at least 2 million people to eat a free Grand Slam by the end of the promotion. “Every restaurant is packed with people and lines,” Gonzalez said. “Everything today is about fast. People are on the go, and they’re eating fast food. It’s cutting into sit-down dining,” he added.

“Each of the more than 1,500 Denny’s were planning to make about 100 Grand Slams an hour,” Denny’s spokeswoman Cori Rice said. It had predicted it will have served about 1,400 people per location, more than five times the normal volume. “Grand Slam Breakfast” is a four-item option on its menu, consisting of two pancakes, two eggs, two strips of bacon and two sausage links. It weighs in at 44 grams of fat, 56 carbohydrates and 770 calories.

Nationwide, Denny’s expected to sell about 2 million Grand Slams — about 15 percent of the annual tally. According to Mark Chmiel, chief marketing operator and executive vice president, the diner chain has reported approximately 2 million meals worth more than $12 million were given away nationwide and each Denny’s restaurant served an average of 130 Grand Slams per hour. It estimated it has earned about $50 million worth of public relations following the free Grand Slam campaign, Chmiel said.

The company is also experimenting with a Grand Slam Burrito and also has introduced for this year, a Grand Slamwich, which includes eggs, bacon, sausage and cheese between two slices of bread, with a teaspoon serving. “It already has shown strong consumer appeal,” said Chmiel. The company has received flood of e-mails and letters proving the positive impact of the Grand Slam campaign and commercials on its customers.

Chmiel also announced he’s planning a third major promotion in this year’s third quarter, which happens to include another major sporting event, the World Series. “That’s one we’re definitely looking at,” he said.

Jobless Paris Winslow of downtown San Francisco, California has joined the long line which stretched from the front door on Mission Street, between Fourth and Fifth streets, to the corner of Fourth and up the block. “The economy is getting kind of scary. This line looks like those pictures of soup kitchen lines during the 1929 Great Depression,” Winslow said.

“I came all the way from San Francisco for a free $6 meal, Isn’t that pathetic? A year ago, I never would have done this. These days I’m willing to put my ego on the back burner,” said Stephen Weller, a jobless contractor who waited with his dog, Emmett. California Denny’s restaurant managers have issued rain checks (for free chilled meals, as security backed by actual bacon) to anyone who failed to get in by the 2 p.m. deadline.

A big eater could also “Slam It Up” by adding any two additional items for 99 cents each to their meal. Customers on Tuesday were also handed “bounceback” coupon books that include offers for additional free menu items with purchases. Chicago Tribune reporter Kevin Pang has eaten five free Grand Slams on Tuesday at five different Denny’s Diners in four hours. He claims to have consumed 4,100 calories at Harwood Heights, 5:36 a.m, at Schiller Park, 6:22 a.m., at Franklin Park, 7:08 a.m., at Melrose Park, 7:41 a.m. and at Grand Slam No. 5 Oak Park, 8:57 a.m.

“The Grand Slam has always been a Denny’s favorite. This free offer is our way of reacquainting America with Denny’s real breakfast and with the Denny’s brand,” Denny’s CEO Nelson Marchioli said in a statement. In 1977s, the Grand Slam started as a baseball-related promotion in Atlanta, Georgia. Its normal price averages around $5.99. Marchioli said the event was also a way to kick-off its “Year of the Grand Slam” promotion. Denny’s claimed it has sold 12.5 million Grand Slams a year.

“The economy’s tough and people are jumping all the way to fast food to try to figure it out. We all use fast food, whether it’s for time or convenience or for money. But you can go to Denny’s and you don’t have to give up a real breakfast and that was the whole focus of our commercial,” Marchioli explained. McDonald’s (MCD, Fortune 500) has done well during this economic meltdown since the global recession pushes people toward less expensive dining options.

McDonald’s has announced plans Wednesday to open 175 new restaurants in China this year despite the global economic crisis, thereby increasing the number of outlets in China by 17 percent, from 1,050 currently. Last month, McDonald’s 2008 net profit has risen 80 percent from 2007 to 4.3 billion dollars.

Marchioli has also introduced Denny’s $4 Weekday Express Slam, which is a streamlined version of the Grand Slam. “I want to take back share. For too long, we have allowed others to take share, whether it was Starbucks or McDonald’s. They’re fine competitors and I don’t expect to take all their business from them, but I’d like a little bit back,” Marchioli noted.

According to Rafi Mohammed, author of “The Art of Pricing,” people love free. “It triggers a Pavlovian response in people,” said Mohammed. If Pavlov’s dogs salivate when a bell rings, Denny’s free Grand Slam breakfast has attracted 2 million hungry customers. “I believe free maximizes trial and doesn’t devalue a product as long as it is a rare event. Aside from the cost, the major downside is that it attracts customers who truly have no intention of coming back,” he added.

According to University of Portland consumer psychology professor Deana Julka, people flock to free promotions amid just a few dollars saving because there’s nothing in life for free. “So when there’s something out there that costs nothing, it creates a psychological rush. Especially in these times when people feel overtaxed or overburden, there’s an internal reward people feel by getting something for free,” she said. “It’s being thrifty and feeling like you beat the system. Free really hits the spot for a lot of people,” Julka added.

“Free is an emotional hot button. When free is concerned, there is no downside – or, at least, we don’t see the downside immediately. So we overvalue everything that is free. People love free stuff, particularly when money’s tight,” said Dan Ariely, a business professor at Duke University, author of “Predictably Irrational: The Hidden Forces That Shape Our Decisions.”

Experts, however, explained these moves need to be done sparingly, since giveaways can teeter in the balance between desperation and a well designed marketing ploy. “Giving your product away for free is not worth it because it undermines your brand value,” said branding expert Rob Frankel, saying people are attached to the idea of it being free, than the actual product itself.

Free giveaways are not anything new in the food industry. “It just feels good when you can get something for free and not have to worry about it coming out of your wallet,” Frankel noted. Dunkin’ Donuts and Panera Bread all have had free coffee and food promos last year. “In November, Starbucks gave away free cup of coffee to anyone who came in on Election Day. Have you taken a look at how Starbucks is doing now?” Last week it has announced it would shut down 300 stores, in addition to the 600 it already planned to close.

On February 24, IHOP will be offering a free shortstack to every customer to encourage donations (in place of the cost) for Childrens Miracle Network. The International House of Pancakes (IHOP) is a United States-based restaurant chain that specializes in breakfast foods and is owned by DineEquity. The chain had more than 1950 restaurants in all 50 states, the U.S. Virgin Islands, Canada and Mexico. Since 2006, IHOP’s National Pancake Day celebration has raised over $1.85 million. In 2008, over 1.5 million pancakes (12 miles high if they were stacked) were given to customers for donations.

Denny’s (“Denny’s Diner”) is a full-service diner/family restaurant chain in the United States. It operates over 2,500 restaurants in the United States (including Puerto Rico), Canada, Curaçao, Costa Rica, El Salvador, Jamaica, Japan, Mexico, and New Zealand). The resto chain is known for always being open, serving breakfast, lunch, dinner, and dessert around the clock.

Today, Denny’s operates about 1,600 restaurants in all 50 U.S. states, Canada and Mexico. There are also about 578 Denny’s restaurants in Japan operated under a license by a subsidiary of Seven & I Holdings, seven Denny’s locations in New Zealand, and approximately 38 Denny’s diners in the United States. Denny’s headquarters is now located in Spartanburg, South Carolina, headquarters of the parent company Trans World Corporation that acquired Denny’s in 1987.

Denny’s was historically notable for offering a free meal to anyone on their birthday. The offer included a limited number of meal options from a special birthday menu. The promotional ritual ceased in 1993, though occasionally individual franchises will continue the tradition.

In 2008, Denny’s has ceased to be in the ranks among the top diner chains in the $83 billion breakfast market, whose top five firms — McDonald’s, Starbucks, Dunkin’ Donuts, Burger King and IHOP — accounted for 22 percent of the volume. “A lot of consumers have written Denny’s off their let’s-go-there list,” said Ron Paul, president of Technomic, a consulting firm.

Super Bowl XLIII was an American football game between the American Football Conference champion Pittsburgh Steelers (15–4) and the National Football Conference champion Arizona Cardinals (12–8) to decide the National Football League (NFL) champion for the 2008 NFL season. It was played on February 1, 2009, at Raymond James Stadiumin Tampa, Florida. It has an attendance of 70,774 and 98.7 million viewers. Pittsburgh earned its sixth Super Bowl win, thus securing sole possession of the record for most Super Bowl wins.

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  • 7 Oct, 2021
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Tips On Filling Out Bankruptcy Forms}

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Tips on filling out Bankruptcy Forms

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Gen WrightBankruptcy is a severe process that you would need to put a lot of contemplation, but once you decide to go with this route it is best idea to get prepared for filing bankruptcy forms correctly. It would make the process easier if you have a list of your assets and debts in advance. Here are few tips to completing the forms to save time and energy.

Get your forms typed

It could be different depending on the state, but most courts prefer that your bankruptcy forms be typed, not handwritten. Manual or automatic typewriter was popular about a decade ago, but nowadays almost everyone has personal computer, therefore it became easier to fill out the form using computer. Ask your local court they accept a handwritten bankruptcy forms, or if they have other options you can choose such as online filing. There are forms online that you can fill out using computer and send it via electronic filing.

Know your Local Court

It is common that every bankruptcy court has its own rules and regulations as wells as way of handling things. Therefore it is best for you to ask your local court’s preferences as it might change over a period of time. You can always call or write to the local court when you need more information to make things clear. It is always better to ask than assume.

As technology develops in all area, you may find that your local court will require you to submit the original copy of the petition only one time. Nowadays many courts are moving toward digital record of cases instead of paper ones. At some courts, they will scan your original documents and keep them in the permanent storage, creating multiple electronic copies at a later time. It is all possible due to technology innovation. In that case, you will only have to follow your local court’s directions.

Know your local court’s requirements and follow its rules and guidelines. Also be ready to make changes to your petition when you’re filling out forms, so that you meet their requirements.

Answer questions to your best

Try not to leave any questions unanswered, but fill out as best as you can. Most of bankruptcy forms have a check box where it specifies “none” as an answer. If you still can’t find it, just put “N/A” as not applicable indication.

The trustee might assume that you didn’t complete the bankruptcy forms in case you leave any sections blank. If the question is not clear or doesn’t apply to your situation, then put “N/A” in the first blank, and it will be much clearer than leave it empty.

Disclose everything whenever possible

If you have trouble categorizing a debt or asset on a form, do the best you can and make a note next to your entry that you’re uncertain.

If you are having a hard time how to categorize a debt or asset, do your best to fill out the forms. When in doubt, put down a note stating that you are not certain on that specific items or questions. That way your trustee will be able to sort through those unclear items and put them in an appropriate place later. Try not to leave things out just because you don’t know the answer right away.

Be honest and careful

When you fill out bankruptcy forms, it is better to oversupply information rather than leave them with many questionable empty spots. Even if it looks repeating multiple times in your documents, information is always welcome to trustee’s eyes. The more information you provide in the form, the less will your trustee doubt, suspect and question about your documents.

If you have anything that you fail to disclose upfront, it will make your case dismissed in worst case. Be careful when you put down the lists of all of your assets, because it is very important process and you can’t get lazy about it even if you become tired.

If you don’t take your paperwork seriously it will increase the chance of dismissing your case in the end. At the same time, you would run the risk of losing your assets if you fail to get them listed completely in the forms, which you could have kept if you were more careful.

Make use of continuation pages

When you run out of room on a particular page while filling out forms, you can simply create continuation page of your own by adding another page of the same style. You can make copy of the page you want using original copy of the form you are filling. Make sure that you write down your name on top of all the pages of the entire bankruptcy forms and make a note that it is a continuation page if you choose to use it.

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  • 7 Oct, 2021
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Indonesia warns Australia over West Papuan asylum seekers

Friday, February 3, 2006

Indonesia’s ambassador to Australia has warned that relations between the two neighbors could be “strained” if the Howard Government grants political asylum to a group of refugees from the troubled Indonesian province of West Papua.

The 43 West Papuans, pro-independence activists and their families, arrived on Cape York, Australia on January 18 after a five-day voyage in an outrigger canoe. They were later taken to an immigration detention facility on Christmas Island, a remote Australian territory in the Indian Ocean.

A spokesman for the group says they fear they will be killed if returned to Indonesian-controlled Papua, where a pro-independence movement has been operating since the 1960s.

Jakarta’s ambassador warned of strained relations if they are granted asylum. Indonesia’s ambassador, Teuku Mohammad Hamzah Thayeb, said the group had nothing to fear from Indonesian authorities. Asked if granting asylum to the group would strain Australia/Indonesia relations, Thayeb said: “I would hope it will not, but it certainly would have an effect. That’s why we have to manage this together and find a solution.” President Susilo Bambang Yudhoyono has also guaranteed the group’s safety should they return.

Queensland National Senator Barnaby Joyce, who met with the 43 refugees on Christmas Island, said they appear to have a genuine asylum claim and had been persecuted because of their Christian beliefs. “There are documented cases of members within their families being shot,” he said. “There’s certainly on the record experiences of them being jailed and tortured so I think they would be under risk if they went back,” he said.

The group, which includes seven children, arrived carrying a banner accusing Indonesia of terrorism and genocide in the province. Indonesian troops have been repeatedly accused of rights abuses in Papua province, which was taken over by Jakarta in 1963. Over 100,000 Papuans, one-sixth of the population, have died in military operations.

Immigration Minister Amanda Vanstone said, “if they ask for protection we will consider the claim appropriately and if it is appropriate to offer it, we will offer it.”

The leader of the asylum seekers, Herman Wainggai, says the Indonesian military treat indigenous Papuans “like animals”. Mr Thayeb disagreed: “We have changed fundamentally within ourselves,” he said.

Indonesia offered Papua special autonomy in 2001 in an effort to quell unrest from the Melanesian population in the resource-rich area. Mr Wainggai described the Papuan autonomy as a “sham”, and said there have been many reports of the Indonesian military “murdering and raping people, and destroying villages since autonomy came into force.”

Papua controversially became an Indonesia province after a vote in 1969 overseen by the United Nations called the “Act of Free Choice”. The Act of Free Choice was drafted by the UN and gave every adult the right to vote on the issue of independence. However, only 1022 people hand-picked by the Indonesian authorities were allowed to vote. Reinforcing the dubious nature of the poll, the voters gave 100 per cent approval to become part of Indonesia.

Indonesia’s ambassador said there was no reason for the West Papuans to seek asylum as they were not criminals.

The Australian Greens said the Indonesian ambassador’s assurances that West Papuan asylum seekers would be safe if they returned home should not be believed.

“The new Indonesian Ambassador’s assurances about the safety of West Papuan refugees if they are returned to Indonesia are not credible,” Senator Nettle said. “The escalating repression of the independence movement and generalised suppression of the people of West Papua is well documented.”

“The Australian government should not give in to Indonesian pressure,” Senator Nettle said.

Senator Joyce said the group of native West Papuans were Christian, which meant they are ethnically, religiously and politically isolated after an influx of Indonesians to the province.

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  • 6 Oct, 2021
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Interview: Danny O’Brien of the Electronic Frontier Foundation

Tuesday, January 24, 2006

January’s second Interview of the Month was with Danny O’Brien of the Electronic Frontier Foundation (EFF) on 23 January in IRC.

The EFF is coming off a series of high-profile successes in their campaigns to educate the public, press, and policy makers regarding online rights in a digital world, and defending those rights in the legislature and the courtroom. Their settlement with Sony/BMG, the amazingly confused MGM v Grokster decision by the Supreme Court of the United States, and the disturbing cases surrounding Diebold have earned the advocacy organization considerable attention.

When asked if the EFF would be interested in a live interview in IRC by Wikinews, the answer was a nearly immediate yes, but just a little after Ricardo Lobo. With two such interesting interview candidates agreeing so quickly, it was hard to say no to either so schedules were juggled to have both. By chance, the timing worked out to have the EFF interview the day before the U.S. Senate schedule hearings concerning the Broadcast flag rule of the FCC, a form of digital rights management which the recording and movie industries have been lobbying hard for – and the EFF has been lobbying hard to prevent.

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  • 5 Oct, 2021
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Nigerian military launch counter-attack as Boko Haram insurgency believed to spread to Cameroon

Sunday, August 10, 2014

Yesterday, Nigeria’s military engaged in gun battles with Islamic extremist group Boko Haram, aimed at regaining two towns in northeastern Nigeria recently captured by the group. This comes as suspected members of Boko Haram attacked a village inside Cameroon.File:Logo of Boko Haram.svg

On Wednesday, Boko Haram attacked and occupied the town of Gwoza, with over 50 reported killed as they forced Nigerian forces out of the town, a stronghold in the fight against the militants. This followed the capture of Damboa in July, leaving much of Borno State under the control of the militants.

Reuters reported eyewitness accounts of the aftermath of the attack on Gwoza, with 500 people said to have gone into hiding in the nearby mountains, and the Emir of Gwoza missing after an attack on his palace.

An attack on a remote northern Cameroon village in by suspected Boko Haram militants was also reported on Wednesday. The attack left ten people, including one soldier, dead, as the group reportedly killed those they had captured during a confrontation with Cameroonian soldiers as they headed towards the Nigerian border. This follows the kidnapping of several people including the Cameroonian deputy prime minister’s wife by militants; Boko Haram is reportedly looking to extend its influence outside of Nigeria, including recruiting Cameroonians to their cause. In response to the threat, the Cameroonian government has sent more than 1000 soldiers to the border region.

Boko Haram first began militant operations in 2009, in an attempt to create an Islamic state in the area. The Nigerian military has struggled to counter their progress. The situation in Nigeria came to International attention in April after the kidnapping of 200 school girls from a school, for which Boko Haram claimed responsibility.

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  • 4 Oct, 2021
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Why Managing Money Is Important For Students

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By Jack Blacksmith

Did you know that you can deduct up to twenty five hundred dollars from your student loans interest? There are some rules to this however. Your loan is only eligible for the deduction if you took out the loan only for a higher education program that’s qualified by law. This can be not only for yourself, but your dependents and spouse as well.

The money for the loan must have been spent on expenses for college or vocational studies such as your tuition, textbooks, school supplies, any administrative fees, any type of equipment, your room and board, and transportation to and from school.

The student must be in a qualified degree program, and they must be a half-time student at least. As well, you’ll be obligated by law to repay the loan.

[youtube]http://www.youtube.com/watch?v=UxEFBCW3WjE[/youtube]

If someone else claims an exemption for the student, if you’re not allowed by law to get the loan, if the loan was obtained by a relative, or if the student is married to the receiver of the loan, but they are filing a separate return.

There are some limitations on what can be deducted and it’s best that you obtain all of that information ahead of time in order to save yourself from breaking any of the rules, ensuring that you get the most of your deduction.

As well, it’s important that the student is managing money efficiently. If debt is a major problem before going into the loan, then you may want to consolidate debt with a specific loan or program to do so. This will lower your monthly payments, and therefore lessen the burden on you in making your student loan payments.

Keep in mind that if you are paying your student loans after 2002, the “first 60 months” requirement on interest paid is discontinued, and deductions are permissible for voluntary interest payments, rather than only required payments as in the previous years. Also you take the deduction on either Form 1040 or Form 1040A.

It is a great benefit, and should be availed by all families, especially those families whose children aspire for higher education but cannot find sufficient funding. A tax deduction like this can help their parents cover a part of their requirements.

About the Author: Jack Blacksmith writes almost entirely for http://www.debtania.com , an online publication covering information on finance . You can find his abstracts on personal loan to consolidate debt over at http://www.debtania.com .

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  • 4 Oct, 2021
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  • Financial Planning

Recall of Thomas the Tank Engine toys due to lead-paint fears

Thursday, June 21, 2007

A recall issued last week for Thomas the Tank Engine toys made in China and containing lead-based paint, is the latest scare for consumers, and follows recent scandals involving Chinese-made pet food, pharmaceuticals, toothpaste and other toys, The New York Times has reported in a series of articles.

Last week, RC2, a U.S. toy company based in Oak Brook, Illinois, issued a recall for its popular wooden “Thomas the Tank Engine and Friends” train sets. The recall involved 1.5 million “Thomas Wooden Railway” vehicles and train sets sold at toy stores and various retailers across the U.S. from January 2005 through June 2007.

A subsequent recall has been issued in the United Kingdom, where Thomas the Tank Engine was originated in the 1940s as a character in a children’s story by the Reverend W.V. Awdry. Around 70,000 toys are involved in the U.K. recall, according to The Guardian.

“RC2 has determined that the surface paints on the recalled products contain lead. Lead is toxic if ingested by young children and can cause adverse health effects,” the Consumer Product Safety Commission said in a press release dated June 13. “Consumers should take the recalled toys away from young children immediately and contact RC2 Corp. for a replacement toy,” the commission said.

Those “adverse health effects” could include brain and nerve damage, especially in young children, as well as blood and brain disorders. Severe lead poisoning causes vomiting, diarrhea, convulsions, anemia, loss of appetite, headaches and in particularly high doses, coma and death.

In an article on Monday, The New York Times reported that recalls have been issued for 24 different toys in the U.S. in the past year, and every one of them was made in China. According to the Toy Industry Association, toys made in China account for around 70 percent to 80 percent of all the toys sold in the U.S., The Times said.

“These are items that children are supposed to be playing with,” Prescott Carlson was quoted as saying by The Times. Carlson is a co-founder of a child-safety website called Imperfect Parent, which tracks recalls of toys and other baby products. “It should be at a point where companies in the United States that are importing these items are held liable,” Carlson said.

RC2 would not comment to The Times, and a Consumer Product Safety Commission spokesman would not say how long ago the problem with the lead paint was discovered.

For a follow-up article on Tuesday, The Times visited a factory in Dongguan, in China’s Guangdong province, where the “Thomas and Friends” toys are made. The paper interviewed workers and took photos on the factory floor.

“You’re intruding,” a factory manager identified only as Zhong was quoted as telling the reporters. “Tell me, why exactly are you here?”

During the visit, a reporter, translator and a photographer were detained by factory officials, and released a day later after local police and government officials intervened.

The factory also produces other toys for RC2, including toy John Deere trucks, NASCAR racing models and M&M’s cars, The Times said. RC2 makes the toys under licenses from various companies. The “Thomas and Friends” toys are made under license from Hit Entertainment, which owns the “Thomas” brand.

According to RC2, items in the “Thomas and Friends” recall are:

  • Red James Engine & Red James’ # 5 Coal Tender
  • Red Lights & Sounds James Engine & Red James’ #5
  • Lights & Sounds Coal Tender
  • James with Team Colors Engine & James with Team Colors *#5 Coal Tender
  • Red Skarloey Engine
  • Brown & Yellow Old Slow Coach
  • Red Hook & Ladder Truck & Red Water Tanker Truck
  • Red Musical Caboose
  • Red Sodor Line Caboose
  • Red Coal Car labeled “2006 Day Out With Thomas” on the Side
  • Red Baggage Car
  • Red Holiday Caboose
  • Red “Sodor Mail” Car
  • Red Fire Brigade Truck
  • Red Fire Brigade Train
  • Deluxe Sodor Fire Station
  • Red Coal Car
  • Yellow Box Car
  • Red Stop Sign
  • Yellow Railroad Crossing Sign
  • Yellow “Sodor Cargo Company” Cargo Piece
  • Smelting Yard
  • Ice Cream Factory

Toys listed that are marked with codes containing “WJ” or “AZ” are not included in the recall.

Earlier, RC2 said that customers would have to cover shipping costs to return the toys to the company. It later agreed to cover postage after angry complaints by parents, The Times said in an article yesterday. Refunds will take about two months.

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  • 3 Oct, 2021
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Former DeLay aide pleads guilty in corruption case

Tuesday, November 22, 2005

Michael Scanlon, the former partner of the influential lobbyist Jack Abramoff, pled guilty to conspiracy to bribe congressmen and other public staffers. He agreed to pay back US$19 million to a defrauded Indian tribe and entered into a plea agreement. Scanlon is an ex-aide and press secretary to former House Majority Leader Tom DeLay, who was indicted in October on conspiracy and money laundering charges relating to his dealings with Abramoff.

The members of Congress involved in the corruption charges have not yet been named by the prosecutors, but Representative Bob Ney of Ohio has acknowledged that he is “Representative No. 1” named in the court papers. The prosecution alleges that Representative No. 1 accepted gifts, including a golf trip to a luxury resort in Scotland, and regular meals in an upscale D.C. restaurant “in exchange for a series of official acts and influence.”

Ney is said to be cooperating with the investigation. According to Ney’s spokesperson, Brian Walsh, Congressman Ney was a merely victim of Scanlon’s illegal activities.

Retrieved from “https://en.wikinews.org/w/index.php?title=Former_DeLay_aide_pleads_guilty_in_corruption_case&oldid=1166887”
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