Tuesday, June 26, 2012

Egypt?s Mohammed Morsi Becomes American Political Fodder

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Retirement Income Investment Planning ? Step One |

Your retirement income investment prepare starts right now, right now, no matter how previous or well heeled you are actually.
Step A single is always to understand what a retirement program will be, and to identify these large numbers you have to to monitor while you are developing your stash. With these three totals on your spreadsheet, it?s much less difficult to produce extended-range retirement income goals that make personal sense. A retirement plan is truly a good income production prepare. Guaranteed retirement income ? projected expenses = the gap. No gap, add parents and kids to the expense number. There?ersus always a gap.
Workplace provided pension plans, Social Security, and (always much also expensive) fixed annuity contracts, are retirement income providers. They are monthly income machines that you simply have paid dearly for but which might not be adequate to pay for your retirement expenses? the majority of us will need more income than our guaranteed benefits will provide.
And we need to produce these more income sources while were still earning some kind of income. The retirement strategy may be the investment process you use to eliminate the gap between your projected guaranteed income plus a conservative estimate of one?s retirement expenses. The sooner and smarter you invest before retirement, the easier the transition from full employment to full getaway will be. Smart investing involves separating your security choices by purpose, and monitoring their overall performance in the same way. You?re never to young to start developing the income side with the portfolio.
Once you start to draw income at retirement, it is a lot more difficult to invest effectively and unemotionally. Since your income will need to remain risk-free and constant through several economic, market, and IRE (curiosity rate expectation) cycles, you require to formulate appropriate portfolio market value anticipation if your program would be to survive. You cannot afford to take your vision off the income ball, because income is the only thing you can invest without depleting the productive value in the assets within your investment portfolio.
Obvious? Yes, but only till the market value of your respective portfolio begins to shrink since a result of economic, market, and IRE cycles. If you invest properly, it (the income) should continue to grow in spite of changing market conditions and fluctuating market value numbers. You must learn to expect market value fluctuations and take edge of them? if, of course, that you are following appropriate top quality, diversification and income generation standards.
Retirement income planning became far more difficult for the majority of of us all-around the time corporate America realized that defined benefit pension plans were far too expensive to supervise and maintain. At all-around the same time, the Social Security believe in pay for somehow disappeared (Did it ever before exist at all?), and far more and a lot more of our hard earned has been needed to help our getting older pals and relatives. Why haven?capital t the myriad of defined contribution applications been able to fill the retirement income gap?
Because millions of totally investment-unskilled people were provided discretion over billions of investment dollars that could end up being taxes detoured out of their paychecks and into IRAs, 401ks, 403bs, Thrift, Financial savings, Thrift/Personal savings Plans, and so on. Self directed investment plans created a need for an investment advertising; the investment advertising fueled the speculative juices of a good emotive and na?ve mass of newbie investor/speculators; Wall membrane Street created tens of thousands of new products and compound income schemes to sponge up the wayward dollars.
The Masters with the Universe were ROTFLOL while the Investment gods gaped in disbelief.
Defined Contribution plans are just not retirement plans? even if your employee benefits department, the media, Wall structure Street, and Uncle ensure you that they are. Most plans are difficult to self-control with a retirement income objective. Still, these benefit plans are necessary and really capable of taking you close to where you would like to be. Their only drawback may be the false sense of assets and retirement security that these people promote. Both the money has to be converted into the income portfolio? a costly and time-eating course of action? or far as well many mutual fund shares need to be sold to create the spending money
Many people think about personal savings and investment programs because retirement plans, and rationalize away the need for extra, outside progression of the income investment portfolio. This is definitely because all the info they receive speaks to market value growth instead of to income. It?s very most likely that below 50 percent the money will ever be yours to spend! What, you say? why? Here?ersus an example. A NYC resident with a $3 million IRA retires with the expectation of maintaining her life style. Even invested for income on it?s own, $15,000 per month is truly easy to make. But how much more has to be disbursed to satisfy three levels of duty selection?
Next example. The same portfolio in equity mutual funds during a correction? right now your dipping into prime!
Even though defined-contribution plans are excellent mechanisms for growing an investment portfolio with your hard earned, pre-duty, dollars, most plans and most strategy participants worship the market value god to the exclusion of all others. Most people are as well greedy and/or taxes-averse to convert them into income producers during rallies? when they can lock in a meaningful cash flow. Additionally, the counter successful IRC motivates our use of owned assets first? an universally ignored trend.
The ?buy and maintain? mutual pay for mentality doesn?capital t transition well coming from growth to income? whatever the pay for category or description; the idea of helping people into a comfy retirement hasn?t stopped the tax collectors; the market cycle is just because probably to end up being down because upwards when your rare metal watch will be presented. You have to carry out more, and less, to safe that secure retirement.
Step 1 from the retirement prepare will be developing a focus on income, and being familiar with that spending money and market value are not blood relatives. Step Two is actually developing the right combination of taxes deferred and duty-exempt income? among other things.

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G-Technology kicks out USB 3.0 G-Drives for Macs, keeps your Retina MacBook Pro well-fed

GTechnology kicks out USB 30 GDrives for Macs, keeps your Retina MacBook Pro wellfed

If you've just picked up a MacBook Pro with Retina display or a 2012-era MacBook Air, you may be jonesing for a matching external hard drive to take advantage of that much-awaited USB 3.0 support. G-Technology has you covered -- and how. Updated versions of the laptop-oriented G-Drive Mini, Mobile and Slim (you're looking at the Mobile up top) all roll in the higher peak speeds and progressively trade raw speed as well as 1TB capacities for sleekness, while the twin-drive, 1.5TB G-RAID Mini will tax that 5Gbps bandwidth without becoming too ungainly. Not taking your external storage on the road? The single-disk G-Drive now climbs to 4TB in addition to jumping on the USB 3.0 bandwagon, and the dual-drive G-RAID will serve up as much as 8TB at the newly brisk speeds. All but the G-Drive Slim support FireWire to ease those jitters over transitioning from old to new, although they won't all arrive at the same time. Most of the G-Drive and G-RAID gear will be showing up in August at prices between $110 and $810, but the two Mini-labelled drives could be a bit late to the party with a less defined summer target. You can get the full scoop after the break.

Continue reading G-Technology kicks out USB 3.0 G-Drives for Macs, keeps your Retina MacBook Pro well-fed

G-Technology kicks out USB 3.0 G-Drives for Macs, keeps your Retina MacBook Pro well-fed originally appeared on Engadget on Mon, 25 Jun 2012 03:01:00 EDT. Please see our terms for use of feeds.

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NatWest opens on Sunday as IT glitch causes chaos

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Monday, June 25, 2012

Florida Worries as Growth Threatens Its Freshwater Springs

[unable to retrieve full-text content]As flows decrease, experts say the culprits include decades of pumping groundwater to meet the demands of the state?s population boom and agricultural industry.

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Sandusky lawyers raise appeal issue on timing

In this booking photo released early Saturday morning June 23, 2012 by the Centre County Correctional Facility in Bellefonte, Pa., former Penn State University assistant football coach Jerry Sandusky is shown. Sandusky was convicted on Friday, June 22, 2012, of sexually assaulting 10 boys over 15 years Friday, accusations that had sent shock waves through the college campus known as Happy Valley and led to the firing of Penn State's beloved Hall of Fame coach, Joe Paterno.. (AP Photo/Centre County Correctional Facility)

In this booking photo released early Saturday morning June 23, 2012 by the Centre County Correctional Facility in Bellefonte, Pa., former Penn State University assistant football coach Jerry Sandusky is shown. Sandusky was convicted on Friday, June 22, 2012, of sexually assaulting 10 boys over 15 years Friday, accusations that had sent shock waves through the college campus known as Happy Valley and led to the firing of Penn State's beloved Hall of Fame coach, Joe Paterno.. (AP Photo/Centre County Correctional Facility)

Former Penn State University assistant football coach Jerry Sandusky, center, leaves the Centre County Courthouse in custody with Centre County Sheriff Denny Nau, left, after being found guilty of multiple charges of child sexual abuse in Bellefonte, Pa., Friday, June 22, 2012. Sandusky was convicted of sexually assaulting 10 boys over 15 years, accusations that had sent shock waves through the college campus known as Happy Valley and led to the firing of Penn State's beloved Hall of Fame coach, Joe Paterno. (AP Photo/Gene J. Puskar)

In this courtroom sketch, Judge John Cleland, second from left, defendant former Penn State assistant football coach Jerry Sandusky, right, and his lawyer Karl Rominger, second from right, listen at the verdict in Sandusky's child sexual abuse trial is read by the jury foreman at the Centre County Courthouse in Bellefonte, Pa., Friday, June 22, 2012. Sandusky was found guilty of 45 charges of child sexual abuse involving 10 boys over a period of 15 years. (AP Photo/Aggie Kenny)

Former Penn State University assistant football coach Jerry Sandusky, rear, leaves the Centre County Courthouse with a Centre County Sheriff's deputy after being found guilty of multiple charges of child sexual abuse in Bellefonte, Pa., Friday, June 22, 2012. Sandusky was convicted of sexually assaulting 10 boys over 15 years, accusations that had sent shock waves through the college campus known as Happy Valley and led to the firing of Penn State's beloved Hall of Fame coach, Joe Paterno. (AP Photo/Gene J. Puskar)

Jerry Sandusky leaves the Centre County Courthouse Friday, June 22, 2012, after being found guilty in his sexual abuse trial, in Bellefonte, Pa. Sandusky was convicted of sexually assaulting 10 boys over 15 years Friday, accusations that had sent shock waves through the college campus known as Happy Valley and led to the firing of Penn State's beloved Hall of Fame coach, Joe Paterno. (AP Photo/Centre Daily Times, Nabil K. Mark)

(AP) ? Jerry Sandusky's lawyers said they tried to quit at the start of jury selection in his child sex abuse trial because they weren't given enough time to prepare, raising an argument on the trial's speed that could become the thrust of an appeal.

And one of the jurors who convicted Sandusky of 45 child sex abuse counts said Saturday he was swayed by the "very convincing" testimony of eight accusers who said the retired Penn State assistant football coach molested them for years.

"It's hard to judge character on the stand, because you don't know these kids," juror Joshua Harper told NBC's "Today" show. "But most were very credible ? I would say all."

A day after Sandusky's conviction, his lawyers disclosed Saturday they felt too unprepared to adequately defend him because of how quickly the case was brought to trial. Experts have said the seven months between Sandusky's November arrest and trial was fast-paced by Pennsylvania standards.

"We told the trial court, the Superior Court and the Supreme Court we were not prepared to proceed to trial in June due to numerous issues, and we asked to withdraw from the case for those reasons," attorney Joe Amendola told The Associated Press.

The issues included a scheduling conflict with a defense team member and the need to read a cache of documents produced by a lengthy grand jury investigation. Judge John Cleland denied their request.

The attorneys raised other issues that could be part of the future appeal, saying a mistrial was sought and denied over a repetition at trial of a brief part of a November interview Sandusky had with NBC's Bob Costas.

Jurors in the two-week trial convicted Sandusky of 45 of the 48 counts against him, meaning Sandusky, 68, likely will die in prison.

Harper said the accusers who testified one by one of horrific abuse at Sandusky's hands were each believable, "but then also the fact that we saw this corroborating story between all of them. It was very convincing."

Then Sandusky's impassive face when the verdict was read was confirmation for the jury, he said.

"I looked at him during the reading of the verdict and just the look on his face. No real emotion," he said, "because he knew it was true."

Harper said jurors had some issues with the testimony of Mike McQueary, a then-assistant who said he saw Sandusky assaulting a boy in the Penn State showers in 2001; jurors acquitted Sandusky on one count relating to the incident.

The case is poised to move to an investigation of university officials' role in reporting the charges; two ex-school administrators face trial on charges they didn't properly report McQueary's account of the suspected abuse in 2001.

Almost immediately after the verdict, Penn State President Rodney Erickson signaled an openness to quickly settle potential civil lawsuits arising from the convictions, saying the school "wants to provide a forum where the university can privately, expeditiously and fairly address the victims' concerns and compensate them for claims."

The university recently reported a $1.8 billion endowment. But both sides have reasons not to want to go to court, said Jason Kutulakis, a Harrisburg-area lawyer who specializes in child welfare and juvenile law. Victims are reluctant to get on the stand and have their credibility attacked, he said.

But "Penn State's got so much egg on their face, they probably just want to make it all go away," he said.

For now, the school is facing one lawsuit from an accuser, Travis Weaver, who was not among those represented in the criminal case against Sandusky.

Lawyers for McQueary, who testified against Sandusky, have signaled their intent to sue, along with a lawyer for one accuser, so-called Victim 5.

Jeff Anderson, who represents Weaver, said that he represents more victims of Sandusky's and that he will ask the court to allow him to begin seeking information from Penn State in Weaver's case.

The next step is to determine the extent of Penn State's culpability, lawyers say. In part, that means finding out who in the university's upper ranks knew Sandusky was preying on boys and could have stopped it.

The former Penn State officials facing charges, athletic director Tim Curley and retired vice president Gary Schultz, are charged with lying to a grand jury about what they knew of a 2001 incident in which McQueary said he saw Sandusky assaulting a boy in a football team shower.

A separate investigation by ex-FBI director Louis Freeh, who was hired by Penn State's board of trustees to investigate the university's handling of the Sandusky allegations, is due later this summer.

Hall of Fame coach Joe Paterno was fired for a failure of leadership for not going to the police after McQueary told him about that incident. The scandal also caused the departure of university president Graham Spanier.

Philadelphia-based lawyer Fortunato Perri Jr., who followed the trial, said the jury's dismissal of the charge involving the 2001 shower incident could help Curley and Schultz' defense.

"You've now had a jury kind of preview your case with respect to the credibility of McQueary, and they didn't believe him," Perri said. "Who knows if the next jury would believe him or not believe him?"

But the administrators' attorneys would probably be precluded from introducing the acquittal evidence at the separate trial, Perri said.

Sandusky's sentencing is expected to occur in about three months; an exact date hasn't been set. Because of the severity of the charges and mandatory minimum sentences, he faces an effective life sentence.

Until his next court date, Sandusky is one of 272 inmates at the Centre County Correctional Facility, seven miles from the Penn State campus. He was kept under watch overnight and is allowed access to some personal items including a prayer book, and can get visits from family, friends and attorneys.

Rominger said he planned to visit him on Sunday.

___

Associated Press writer Marc Levy in Harrisburg, Pa., contributed to this report.

Associated Press

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Iraq orders Voice of America, BBC to close

Matt Cardy / Getty Images, file

BBC journalist Huw Edwards faces the camera as soldiers march past prior to a memorial service at Basra International Airport on April 30, 2009.

By msnbc.com staff and news services

BAGHDAD - An Iraqi regulatory body has ordered the closure of 44 media outlets in the country including the BBC and Voice of America in a dispute over broadcast licenses, sources with knowledge of the order said on Sunday. However, no action was immediately taken.

Other organizations targeted for shutdown include privately-owned local TV channels Sharqiya and Baghdadia as well as U.S.-financed Radio Sawa.


A senior source at the Communications and Media Commission (CMC), the body responsible for the order, said the move had nothing to do with the way the outlets had reported on sectarian conflict in the country, as some reports have suggested.

US forces formally ended their nine-year war in Iraq with a low-key flag ceremony in Baghdad on Thursday. NBC's Richard Engel reports.

"The CMC sent such a letter warning them that they're going to shut down their services because they didn't pay (their license fees)," a senior source at the CMC told Reuters.

At least 70 killed during religious festival as bombers target Iraq pilgrims, cops

The regulator had passed its order to the Baghdad operations command, the source added, referring to the local law enforcement forces who would carry out the closures.

"This is totally wrong and unwise as it comes at a time when the country is plunged into political uncertainty," Ziyad al-Aajely, head of the Journalistic Freedoms Observatory, said.

Saddam's Iraq is gone, but in its place is a state with close ties to one of America's biggest and most unpredictable enemies: Iran. NBC's Richard Engel has been covering the war from the start, and went back for this historic week to take a closer look at the Iran connection.

"What we are confident of is that the decision was not political, but its negative implications will definitely have political implications on the government and harm the reputation of Iraq as a free country," he added.

'Guiding and financing terrorist attacks': Interpol issues alert for Iraq's vice president

In a telephone interview with The Associated Press, he called the move "a government message to the media outlets that if you are not with us, then you are against us."

'Technicalities'
The BBC said it was negotiating the renewal of its license with the Iraqi authorities.

"The delay is due to technicalities," it said in a statement. "The BBC's journalists in Baghdad are not currently experiencing any issues reporting from the country, and it is important that the BBC and other international news organizations are able to operate freely and bring independent and impartial news to audiences in Iraq and the wider region."

Saddam regime's fugitive 'king of clubs' appears in new video?

Some of the outlets on the list no longer operate bureaux in Iraq.

However, Radio Sawa, the U.S.-funded station operated by Middle East Broadcasting Networks, Inc., told The Associated Press that it does have a license despite being on the shutdown list.

US Embassy in Iraq facing cuts amid ongoing violence

"We were surprised to see our radio station on the list because we think that we work in accordance with all Iraqi laws," Sawa deputy director Salah Nasrawi said according to the AP. He added that "bureaucracy and the delays in the government offices might be behind this."

When the U.S. military withdraws from Iraq, thousands of Americans will remain. The United States' largest embassy is in Baghdad and there are two huge consulates in the region too.? Ambassador Jim Jeffrey compared the size of the U.S. Embassy and diplomatic efforts to when he was in Saigon in 1973. Ted Koppel reports.

Iraq's main political factions have been locked in a crisis since December, with opponents of Prime Minister Nouri al-Maliki accusing the Shiite leader of trying to consolidate power at their expense.

Maliki is trying to fend off attempts by Sunni, Kurd and some Shiite rivals to organize a vote of no-confidence against him.

Reuters and msnbc.com staff contributed to this report.

More world news from msnbc.com and NBC News:

Follow us on Twitter: @msnbc_world

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