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by Norris Tidwell 22 May '08

22 May '08

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by Vanessa Paul 21 May '08

21 May '08

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by Tamara Segura 21 May '08

21 May '08

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[Fwd: [med-events] - Is Hillary out?]
by J.A. Terranson 21 May '08

21 May '08

-------- Original Message -------- Subject: [med-events] - Is Hillary out? Date: Tue, 20 May 2008 17:57:32 -0500 From: Gil Ross <gil(a)gilross.com> To: "Med-Events <med-events(a)ccm-l.org> Is Hillary out? May 20, 2008 BY MICHAEL SNEED Sun-Times Columnist <http://www.suntimes.com/news/sneed/958837,CST-NWS-SNEED20.article> Is it over? Has the Hillary Clinton camp privately begun throwing in the towel? To wit: Sneed hears a Hillary Clinton fund-raiser starring hubby Bill Clinton here Thursday will only ask for cash they don't have to give back. Translation: the $1,000-a-ticket event at the Palmer House Hilton will only ask donors for money covering her primary campaign. Further translation: It's a big administrative hassle to refund general election cash -- but you don't have to give back money donated to the primary campaign. Hillary has already infused her war chest with $9 million-plus of her personal funds. $$$$$: Donors can give $2,300 for the primary and $2,300 for the general election, and often get hit up for the full $4,600 at these fund-raisers. The buckshot: "This is the first time I've ever seen a federal campaign ask only for primary dollars. The fact is the fat lady is standing at the microphone -- and will be singing soon," according top a Dem fund-raiser. . _______________________________________________ med-events mailing list med-events(a)ccm-l.org http://ccm-l.org/mailman/listinfo/med-events

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by Ernesto Singleton 21 May '08

21 May '08

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The Tragic Irony of Beltway Libertarianism
by R.A. Hettinga 21 May '08

21 May '08

<http://online.wsj.com/article_print/SB121132718910208751.html> The Wall Street Journal May 21, 2008 FIGHTING WORDS By THOMAS FRANK The Tragic Irony of Beltway Libertarianism May 21, 2008; Page A17 Consider the poor Washington libertarian. Everywhere else in America his type is an exotic species, a coffee-shop heretic who quotes from "Atlas Shrugged" and steers every conversation toward Ron Paul or gold. Take him or leave him, he doesn't care. He is his own master. Not so the Beltway variety. Here, in the very home of the taxing, regulating leviathan, the libertarian is such a commonplace and unremarkable bird that no one gives him a second glance. Here he is a factotum of the establishment, a tiny voice in a vast choir assembled by business and its tax-exempt front groups to sing the virtues of the entrepreneur. And therein lies his dilemma. Almost by definition, our young libertarian's job is to celebrate the profit motive from the offices of a not-for-profit organization. He is subsidized, in other words, to hymn the unsubsidized way of life. Rugged individualism may be his creed, but a rugged individual he ain't. This is more than just an abstract problem, as I discovered last week at a panel discussion hosted by America's Future Foundation, one of the lesser libertarian nonprofits in the city. The questions that night were whether nonprofit work constituted a "real job" and if moving to the private sector was "selling out" ideas well known to any liberal do-gooder. The audience of young professionals learned about the need to find a job that you loved. It heard the inevitable complaint that "there are plenty of people who are choosing for-profit over nonprofit" when their heart tells them to do the opposite. A panelist asked the audience to imagine a foundation worker saying to his boss, "I love what I do, but in the end I've got a wife and three kids, and we live in McLean, and the mortgage is through the roof, and my commute sucks, or whatever, I need a little bit more cash," only to have his employer turn him down. These plaints sounded so familiar that I felt like suggesting that everyone there hop out and grab a copy of Daniel Brook's fine but distinctly unlibertarian 2007 book "The Trap." By skewing society's rewards so lopsidedly to the top in the country's richest cities, Mr. Brook writes, the tax-reducing, market-minded economic policies of the last few decades have priced all sorts of high-minded occupations to the bottom of the middle class: teaching, the arts, and, of course, nonprofit work. Many of the people Mr. Brook talks to in such cities haven't given up on these pursuits because they're "sellouts"; they've given up because they want proper health care or decent housing or good schools for their kids. In traditional sellout theory there is always some grand cause or principle that is being exchanged for immediate gain artistic independence, for example, or the fate of the panda, trembling piteously before the onrushing bulldozers of modernity. But what is it that libertarians are selling when they accept the fat paychecks of corporate America? The noble principle of self interest? The utopia of the market itself? Will the workings of supply and demand really seize up if some young Ayn Randette chooses to forsake, say, the Cato Institute and instead help ExxonMobil pile up the pelf? Fortunately, there were a few plainspoken men of the market present at the gathering to set things straight. Capitalists were the world's real heroes, they reminded us, delivering value to the public and seeing that value quantified precisely by the numbers on the balance sheet. That was reality. the idea that "there's something special about nonprofits," scoffed one forthright fellow "well, that's crap. Nonprofits are an artifice of the law, and what's special about them is not that they do different things or that they are organized in a special way, it's that they don't pay taxes." Personally, I would take this hard line one step further: Selling out is not a threat to the market order; selling out is how the market gets its way. Just look at the city in which all these remarks were made. Private-sector Washington is one of the wealthiest places in America. Public-service Washington lags considerably behind. The chance of ditching the one for the other is what accounts for everything from the power of K Street to the infamous "revolving door," by which a public servant takes a cushy corporate job after engineering some extravagant government favor for the corporation in question or its clients. The libertarian nonprofits that line the city's streets often serve merely to rationalize this operation after the fact, giving a pious shine to the policies that are made in this unholy manner. To their credit, the nonprofit libertarians I watched the other night did not ask for sympathy. Their own doctrine won't permit it. Having spent years urging lawmakers to wreck the social order that once made occupations like theirs tenable, they will cling stubbornly to their free-market idol all the way down.

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Tax Report - WSJ.com
by R.A. Hettinga 21 May '08

21 May '08

<http://online.wsj.com/article_print/SB121132463390508615.html> The Wall Street Journal May 21, 2008 TAX REPORT By TOM HERMAN Offshore-Account Holders Bite Their Nails May 21, 2008 As government officials intensify a multinational crackdown on offshore bank accounts, many wealthy Americans who use them to illegally shield income are facing a difficult decision: whether to turn themselves in -- and if so, how. "People are having trouble sleeping at night," says Charles Rettig, a tax lawyer at Hochman, Salkin, Rettig, Toscher & Perez in Beverly Hills, Calif. "They don't want to go to prison." Lawyers advising tax dodgers are saying their clients are struggling to decide among several alternatives. They can confess and plead for mercy. They can quietly file amended tax returns, pay up, make other required disclosures and hope overworked government prosecutors won't follow up. Or they could choose to do nothing and pray their names won't turn up. Tax dodgers are facing these stark choices as major cracks emerge in what once appeared to be an impenetrable wall of secrecy surrounding bank accounts in such well-known havens as Liechtenstein and Switzerland. While officials have launched many similar campaigns in the past, their latest efforts are attracting widespread attention because they are coming from so many different directions. "Nothing is secret anymore," says Cono Namorato, a lawyer at Caplin & Drysdale in Washington and a former official at the Internal Revenue Service and the Justice Department. "No individual should take any comfort in relying on any country's so-called bank-secrecy laws." Last week, the U.S. charged a former UBS AG banker and a Liechtenstein consultant with helping clients avoid taxes. One name already has surfaced: California real-estate developer Igor Olenicoff, who pleaded guilty late last year to filing a false 2002 tax return. U.S. officials are expected to press UBS, a large Swiss financial-services company, to disclose the names of wealthy Americans who may have used its services to evade taxes. The U.S. and other countries are also probing Liechtenstein's role as a haven for tax cheats. The IRS has confirmed it is investigating more than 100 U.S. taxpayers in connection with accounts in Liechtenstein. Those names haven't been made public. Joining the U.S. in the investigation are Australia, Canada, France, Italy, New Zealand, Sweden and the United Kingdom, the IRS said. If you have an offshore account with unreported income, you "should definitely be worried," says Mr. Rettig, who represents a number of clients with such accounts. And if you have an account in Liechtenstein, you should "lawyer up immediately." Offshore tax evasion costs an estimated $100 billion in lost revenue each year, said Sen. Carl Levin (D., Mich.), the chairman of the U.S. Senate Permanent Subcommittee on Investigations, which has launched its own probe. He has introduced legislation designed to combat offshore secrecy and end the use of havens by Americans dodging taxes. A staffer confirms the investigation has begun but declines to elaborate. IRS officials also are turning up the heat. "Combating offshore tax avoidance and evasion are high priorities for the IRS," says IRS Commissioner Doug Shulman. "Recent events show there is no safe hiding place for the proceeds of tax avoidance and evasion. Anyone with hidden income and gains would be well-advised to make a prompt and complete disclosure to the IRS." A law enacted late in 2006 authorized the IRS to pay sharply higher rewards to informants in cases involving large amounts of money. In some cases, the reward can be as high as 30% of whatever the IRS collects. Officials say valuable tips already have poured in because of this law. "Some clients are very concerned," says Bryan Skarlatos, a lawyer at Kostelanetz & Fink in New York and chairman of the American Bar Association tax section's committee on civil and criminal tax penalties. While there still are some "bank-secrecy jurisdictions," he says, "none of them are as safe as they used to be, and none are ironclad." In some cases, Mr. Skarlatos is talking to IRS officials about arranging for clients to come in from the cold, confess and arrange full payment -- in the hopes that prosecutors won't bring criminal charges. But he and other lawyers agree this "voluntary disclosure" approach isn't always the best choice. Here are the pros and cons of several options -- short of fleeing the country altogether -- facing scofflaws: The ostrich approach. Bury your head in the sand and hope the storm clouds will blow away without your being caught. This might work if you're reasonably confident your name won't be discovered. But lawyers say the odds of getting caught have grown rapidly because of the growing number of nations pursuing tax cheats and the increased willingness among them to swap information. "There are some people who are just brazen and think the government will never locate them," says Mr. Rettig, the tax attorney. But "doing nothing and hoping to not be located is not a viable option. Their confidence is misplaced. The issue is when the government will locate them, not whether. And when they're discovered, the house of bricks will literally fall on the person." Ostriches also risk getting hit with very stiff penalties -- and possible criminal sanctions -- just for failing to report foreign financial accounts. Make amends quietly. Another option is to file amended returns, using Form 1040X. Some lawyers suggest filing several years of amended returns all at once, while others prefer to send each year's return separately. Whatever the case, one lawyer says the amended-return approach is usually the best idea because filing and paying everything owed often can help ward off criminal prosecution, especially if the authorities were previously unaware that the client had done anything wrong. But it's certainly not a risk-free approach since the client is admitting that a previous tax return was erroneous, says Mr. Skarlatos. Surrender outright. Some people have hired experienced tax lawyers to test the waters with the IRS, initially on an anonymous basis, to see what might happen if they turn themselves in and pay everything they owe -- in the hopes of avoiding jail. This is sometimes known as a "noisy disclosure," as opposed to the quieter approach of filing amended returns and hoping for the best. "Most of our clients decide to opt for a formal or 'noisy' voluntary disclosure, notwithstanding its complexity, because they want the comfort of sleeping well at night at the conclusion of the process without worrying about future IRS actions," says Mark Matthews, a lawyer at Morgan, Lewis & Bockius in Washington and a former official at the IRS and Justice Department. But some people aren't eligible. Among them are those with "illegal source" income, such as money from bribes or securities fraud. A voluntary disclosure "probably makes sense" for someone who has "only legal sources of income, is not under audit or investigation and whose noncompliance is not likely to be imminently discovered" and who is "prepared to pay or make arrangements" to pay what they owe, Mr. Matthews says. As one New York lawyer puts it, the IRS is more sympathetic to people who have seen the light, rather than the light seeing them. An IRS spokesman cautions that a voluntary disclosure "will not automatically guarantee immunity from prosecution," but it "may result in prosecution not being recommended."

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You and a Rolex watch
by Diann Keys 21 May '08

21 May '08

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by Allen Holman 21 May '08

21 May '08

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by Keven Bond 20 May '08

20 May '08

Since 1884 Bvlgari watches have drawn inspiration from the timeless beauty of Greek and Roman art. The time pieces that they produce are as much works of art, as a way to tell time, and now you can possess one of these splendid time pieces for a very affordable price, at Prestige Replicas. http://www.ssedkke.com/ This store has the finest collection of Bvlgari replica watches, and you will be astounded at the difference in price as well as amazed at the quality of their timepieces. Prestige Replicas works hard to make sure that your purchase is shipped as fast as your order is processed, and also that your private information is protected. And with the new redesign of the Prestige Replicas website, we are offering 15% off on your purchase of watches! http://www.ssedkke.com/

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