Monday, December 3, 2012

Has North Korea learned its launch lessons?

North Korea has two things to prove to the world when it tries once again to put a satellite into orbit, as announced over the weekend. First, engineers have to prove that they've solved the technical problems that led to an embarrassing launch failure in April. Second, officials have to prove that their intentions are as peaceful as they say they are.

As hard as the first challenge is, the second one may be harder.

Some observers have referred to this month's scheduled launch as a test for a long-range missile capable of hitting the United States, but this weekend's statement from Pyongyang was explicit: The North Koreans say they are simply trying again to put a satellite into orbit.

Story: North Korea sets midmonth timeframe for rocket launch

The mission has been portrayed as a do-over for April's launch of the Unha rocket and Kwangmyongsong satellite. The launch will once again take place at the Sohae Satellite Launch Station, where our NBC News team and other foreign journalists were given a pre-launch tour. Once again, the rocket is due to fly almost due south, putting the satellite in a polar orbit, according to warnings posted for fliers and mariners in the projected impact zone.

This time, however, the North Koreans are hoping to avoid premature impact. In April, the first stage of the three-stage Unha rocket disintegrated near the end of its two-minute thrusting phase, with the debris plunging into shallow waters west of the South Korean coastline.

Good news, bad news
From the North Koreans' perspective, the good news is that the first stage worked properly on at least two earlier launches, where upper stages then failed. So the design is probably fixable.

But clues as to the nature of the failure have been scanty. Any debris that was recovered is probably in South Korean (and perhaps U.S.) hands. The available telemetry about the rocket's operating parameters probably was not extensive.

Russia, China press N. Korea to scuttle planned rocket launch

The bad news is that North Korean engineers have had to struggle against a top-down obedience culture that probably led to the previous failures. Over the decades, space workers in the West and in Russia have learned a bitter lesson about spaceflight: that all engineers need to be empowered to say "wait" if they detect something not quite right. But when I met with the North Korean space program's leaders in April, that concept seemed alien to them.

Clues to April's disaster
The flight path might contain one clue, since the disintegration seemed to occur just past the point of maximum aerodynamic pressure on the rocket. Buffeting increases rapidly with speed, but also drops off as air thickness diminishes. There is a point where it is most severe, and a large number of bad things can happen in this phase.

  1. Space news from NBCNews.com

    1. Month in Space: Sun steals the show

      See a violent solar storm, a beautiful solar eclipse and other outer-space highlights from November 2012.

    2. Plastic beads on Mars: Rise and fall of a prank
    3. Holiday calendar puts Earth in the spotlight
    4. Mercury discovery boosts alien life search

But there were worse pressures than the aerodynamic ones. The North Korean space team had been ordered to launch on a political schedule, with overtly ideological overtones. In such an environment, small errors can slip by, unflagged, by fearful workers hoping for the best. We can't tell from here the degree to which such a pervasive attitude allowed flaws to remain unfixed. The problem may be that the North Koreans can't, either.

I saw no indications from the interviews and discussions in April that they were even aware of the potential for problems. Everything else in their culture obeys the commands of the Great Leader ? so why shouldn't rockets, too?

That attitude explains the absolutely blank astonishment with which our escorts responded to the news, relayed to us by colleagues overseas, that the April 13 launch had occurred, and quickly failed. We might as well have told them that space aliens had taken over all the world's capitals, or that the dead had risen and zombie armies were on the march. They were wide-eyed with the inability to form a rational response.

From the moment the rocket had been launched ? in secret, despite a repeated promise that we would be allowed to "observe" the liftoff ? none of the North Koreans dealing with us ever mentioned it again. They didn't even acknowledge to us that it had failed.

It was as if somebody had zapped them all with some little flashy thing that erased all memory of us ever being invited to observe the rocket. Rocket? What rocket? Surely we were all here for their centenary celebration of Kim Il Sung's birth!

Can they prove peacefulness?
And that raises the second critical unknown that needs repair. Can the North Koreans really demonstrate what they had invited us in for last April: that the aim of the launch is merely to put a peaceful satellite into orbit, with no military significance.

In April, our hosts showed us a lot of stuff ? but nothing really critical to the issue of military versus civilian use. They showed us what they said was a satellite to be carried by the rocket, which they also showed us. But they never showed us the satellite being transported to the launch pad and mounted on the rocket. They never even showed pictures or video of that process, or what really was under the nose cone when the rocket lifted off. When challenged directly, they promised to do so. Then they showed us nothing.

The nose cone was large enough to have carried other small objects besides the satellite, and the most worrisome alternative payload was a "re-entry vehicle," or RV. This is the heat-shielded capsule necessary to let a warhead survive the fiery return into the atmosphere on its way to its target.

The presence of an RV is also the unambiguous signature of a weaponized rocket. So if that actually were the secret purpose of the entire rocket program, disguising it ? or even just adequately obscuring it ? for as long as possible would be a major diplomatic goal.

The only real evidence for what was under the nose cone last April is indirect. Since the South Koreans and friends scoured the sea bottom where the rocket's fragments fell, surely they would have publicly revealed evidence that such a device had been found ? even if only in fragments, assuming that a destruct charge was installed on the spacecraft.

Whom do you trust?
The North Koreans ended up providing no evidence that the satellite had been installed on the rocket, beyond their verbal assertions. But was there any other way to calibrate such assertions?

Some of the technical data we were given was legitimate. I had prepared some calibration tests of my own.

When I asked the Mission Control director how long it would be before the satellite's signals were first picked up in North Korea, he answered "about 11 hours." And because I had calculated that myself before leaving for North Korea, I knew the answer was correct.

Data screens we were shown at the Launch Control Center and the Mission Control Center omitted a lot of the plotted data, clearly for security reasons. But even without the ascent trajectory graph filled in, the display still had its X and Y axes fully labeled with actual numbers, which gave me confirmation of how high the initial launch leg would be. And a ground track plot showed the satellite passing across Antarctica with precise lat/long lines remaining. That provided precise information on the orbital inclination they were aiming for.

Other clues, however, suggested that the North Koreans were well-versed in deception. All of the space officials we met, from the escorts to the center directors, repeated the refrain that their first two satellites had successfully entered orbit. Nobody beyond the border of their own country believes that. Both rockets seem to have failed during the third stage of the ascent. Nothing was ever tracked in orbit, either by any national radar network or by worldwide private associations of visual and radio observers.

Yet when pressed, the officials refused to waver. They would reel off a list of alleged confirmations, that were known in the West as ambiguous clues that were later explained by other factors.

Finally, when pressed again by another journalist, the Mission Control director came up with a new explanation of why nobody else in the world had ever heard any radio signals that the satellites had allegedly been transmitting. To save power, he explained, the radio was turned on only over North Korea.

And then I knew for sure he was lying. Satellite signals aren't directed straight down at the land below, they are broadcast in all directions. Radio amateurs can pick them up via line-of-sight for thousands of kilometers in all directions ? and via atmospheric ducting, sporadically all over the world.

The explanation was fiction. It was contrary to 50 years of experience with satellite signals.

Known unknowns
So the new launch has a twin set of challenges, one technological and one political.

Can they show they have fixed the original problem that crashed the launch in April? Can they provide unambiguous and credible evidence that there is no secret military test on this flight?

So far, I've seen no indication to give me any confidence that they have the proper attitudes to succeed at either goal.

Dispatches from April's North Korea rocket tour:

NBC News space analyst James Oberg spent 22 years at NASA's Johnson Space Center as a Mission Control operator and an orbital designer. He is the author of several books on space history and space policy, including "Star-Crossed Orbits: Inside the U.S.-Russian Space Alliance."

Source: http://www.msnbc.msn.com/id/50049457/ns/technology_and_science-space/

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Sunday, December 2, 2012

US-Afghan base attacked in eastern Afghanistan

KABUL, Afghanistan (AP) ? Taliban suicide bombers assaulted a joint U.S.-Afghan air base in eastern Afghanistan early Sunday, detonating explosives at the gate and sparking a gunbattle that lasted at least two hours with American helicopters firing down at militants before the attackers were defeated.

Taliban spokesman Zabiullah Mujahid said the attackers detonated a car bomb at the entrance of Jalalabad air base before storming it. A spokesman for the Afghan Defense Ministry, Gen. Mohammad Zahir Azimi, confirmed that car bombs were used at the gate but said none of the militants were able to enter. The NATO military coalition also described it as a failed attack.

"We can confirm insurgents, including multiple suicide bombers, attacked Jalalabad Airfield this morning. None of the attackers succeeded in breaching the perimeter," Lt. Col. Hagen Messer, a spokesman for the international military coalition, said in an email. He said that the fighting had ended by midmorning and that reports showed one member of the Afghan security forces was killed. Several foreign troops were wounded, but Messer did not give any numbers or details.

"The final assessment of what happened this morning is not yet complete, but initial reports indicate there were three suicide bombers," Messer said.

Provincial police said there were at least four attackers in two vehicles. The first vehicle, a four-wheel-drive car, blew up at the gate of the base, said Hazrat Hussain Mashreqiwal, a spokesman for the provincial police chief. Guards started shooting at the second vehicle he added, before it too exploded. It was unclear if the explosives were detonated by the attackers themselves or by shooting from the guards, he said.

There were no reports of civilian casualties, Mashreqiwal said. He said he did not have information on Afghan casualties because any killed or wounded were being dealt with inside the base.

Source: http://news.yahoo.com/us-afghan-attacked-eastern-afghanistan-045730210.html

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Eye-Fi Pro X2 (16GB)


The 16GB Eye-Fi Pro X2 ($99.99 direct) is the largest capacity Eye-Fi SD card, and the most full-featured yet. It promises to do quite a bit: Wirelessly transfer photos from your camera to your home computer, phone, or tablet, add GPS data to images, and support both standard JPG and Raw image formats. If you're using the card to transfer photos to your computer it works without hiccups, but the mobile experience leaves a lot to be desired.

Features, Setup, At-Home Use
The Pro X2 adds a few features over the $60 8GB Eye-Fi Mobile X2 . With the Mobile X2, you don't get Raw transfer or geotagging support, and it's a bit slower due to its Class 6 speed rating (the Pro X2 is Class 10).
Because the Eye-Fi's Wi-Fi radio draws power from your camera, battery life will be noticeably shorter than when you're using a standard SD card.

In order to configure the Eye-Fi, you'll need to install an application on your PC or Mac?it's preloaded on the card itself, so you can do so by plugging it into your SD card reader. You're walked through setting up an account which lets you manage your card and activate your phone?there's a separate app that you'll need to download for your iOS or Android device to complete that part. This is also where you add Wi-Fi network information to the Eye-Fi, so it can connect automatically.

Setting up the card to work with your network is straightforward, and the card works well in a home-network environment. You can shoot away around the house or studio and images will automatically transfer to a designated folder on your computer?it's also possible to set the Eye-Fi to only transfer photos you select, which is better if you plan on using the card to push only the shots you want on social networks or photo sharing sites. If you've been out and about shooting, just turn your camera on when you get home and the transfer will start automatically.

Mobile Use, Endless Memory, Conclusions
But what about those times when you're away from your home network? You can set up Direct Mode, which turns the Eye-Fi into a hotspot, so that you can transfer photos directly to your phone. It's not a seamless experience?first you'll have to go into your phone settings and change the settings in the app to make the Eye-Fi card the destination for photos?you can't configure the software to send photos to both your phone and your computer. Direct Mode is only available when the card is out of range of known Wi-Fi networks?you won't be able to transfer photos to your phone when your home Wi-Fi is available for use?unless you first plug the card into your computer and delete the record of your home network, or unplug your router.

The iOS app leaves a lot to be desired. It's easy to share JPGs via email, but if you want to email a Raw photo to yourself you won't be able to?the option is there, but it doesn't work, it just creates a blank email. If you go into your iOS photo library you can email a JPG version of the Raw image, but that's it. You'll also have to perform all types of file management from the iOS photo library?you can't delete images from within the Eye-Fi app, nor is there a way to browse photos on the card via the phone as you can with a Wi-Fi camera like the Samsung WB850F . It's best to use the Eye-Fi app only to transfer photos and to use the normal functions of your phone to share them via mail, text, or social networks.

If you find yourself shooting gigs and gigs of photos and video, you'll be interested in the Endless Memory feature, which is included with every Eye-Fi card. Once your card starts to fill up (you can set the threshold) photos that have been successfully transferred to your computer are deleted to free up space. With 16GB available you'll have to shoot a lot to have it kick in, but if you opt to buy the 4GB Eye-Fi Connect X2 ?you might find yourself taking advantage of it. The company also offers a cloud storage service for photos and videos, although that will cost you an extra $50 per year.

The geotagging function only works if you're within range of a Wi-Fi network?there's no actual GPS built into the device. It picks up the location data from via the Skyhook network, and is pretty accurate?but if you're shooting in an area where there's no Wi-Fi it won't work?you'll need a camera with a built-in GPS like the Sony Alpha 77 ?to bridge that gap. If you already have an Eye-Fi Connect X2 or Mobile X2, you can add geotagging support to the card for $30.

At just under $100, the Eye-Fi Pro X2 is too expensive for what it delivers?especially when you can get an 8GB Eye-Fi Mobile X2 for $60 and only lose a bit of functionality and speed. If a 4GB card suits your needs, the Connect X2 can be had for $40?its functions are identical to the Mobile X2.?As it stands, the Eye-Fi system makes it difficult for shooters who want to transfer files wirelessly at home or in the studio, but also want to be able to transfer the occasional photo to their cell phone for a quick tweet, Facebook share, or Foursquare check-in?going back and to change settings in the Eye-Fi software isn't convenient. If you only want to do one or the other, however, your experience will be a lot more pleasant.

If you're looking for a more streamlined Wi-Fi experience, you may want to consider saving the $100 and putting it together with your other pennies in order to invest in a new camera. The Samsung WB850F is a little over $300, but has a long zoom lens and Wi-Fi built-in. The Samsung Galaxy Camera is more expensive at $500, but packs the Android operating system and cellular data, so you can upload photos to the Web even when there isn't Wi-Fi. If a point-and-shoot doesn't suit your standards for quality you can invest in a Samsung NX1000 , an APS-C compact interchangeable lens camera that has Wi-Fi and can push photos to Twitter or Facebook with ease, or you can go all-in on Canon's full-frame EOS 6D D-SLR, the first in its class to have built-in Wi-Fi.

More Digital Camera Reviews:
??? Eye-Fi Pro X2 (16GB)
??? Lensbaby Spark
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?

Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/HItgqQV8CQ4/0,2817,2412718,00.asp

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Marsaglia of Italy captures 1st World Cup race

Matteo Marsaglia from Italy, reacts on the finish area after his run in the men's World Cup super-g ski race in Beaver Creek, Colo., on Saturday, Dec. 1, 2012. (AP Photo/Alessandro Trovati)

Matteo Marsaglia from Italy, reacts on the finish area after his run in the men's World Cup super-g ski race in Beaver Creek, Colo., on Saturday, Dec. 1, 2012. (AP Photo/Alessandro Trovati)

Matteo Marsaglia from Italy, reacts on the finish area after his run in the men's World Cup super-g ski race in Beaver Creek, Colo., on Saturday, Dec. 1, 2012. (AP Photo/Alessandro Trovati)

Matteo Marsaglia from Italy, reacts on the finish area after his run in the men's World Cup super-g ski race in Beaver Creek, Colo., on Saturday, Dec. 1, 2012. (AP Photo/Alessandro Trovati)

Matteo Marsaglia from Italy, reacts on the finish area after his run in the men's World Cup super-g ski race in Beaver Creek, Colo., on Saturday, Dec. 1, 2012. (AP Photo/Alessandro Trovati)

Hannes Reichelt from Austria, reacts on the finish area after his run in the men's World Cup super-g ski race in Beaver Creek, Colo., on Saturday, Dec. 1, 2012. (AP Photo/Alessandro Trovati)

(AP) ? For some of the skiers, the super-G course was so treacherous and tricky that it was a wipeout waiting to happen.

For Matteo Marsaglia, the hill was just risky enough that it presented an opportunity to finally break through.

The 27-year-old Italian took big gambles in places where few others would Saturday for his first World Cup victory. He finished in 1 minute, 14.68 seconds to edge Aksel Lund Svindal of Norway by 0.27 seconds. Hannes Reichelt of Austria was third, and Ted Ligety of the United States wound up fourth.

"If you want to win, you need to take some risks," said Marsaglia, who had never finished better than fourth before this race. "On this slope, you need to take some risks, be lucky a little bit. I was lucky."

The margin between a good run and going off course was slim on the tight Birds of Prey layout. There were 16 skiers who didn't finish ? along with one who didn't even start ? and several big wipeouts.

Germany's Stephan Keppler, the first racer of the day, had a bad spill, when he lost his balance and crashed. He slid halfway down the mountain before winding up in the netting. But he walked away with only a cut above his left eye.

Max Franz of Austria wasn't so fortunate. He smacked a gate on his run and fell hard to the snow, bumping his head. Franz was taken down the hill on a sled and to a hospital for observation.

The first mishap of the day certainly scared reigning World Cup overall champion Marcel Hirscher of Austria. He watched Keppler's crash and decided he wasn't going to take any chances. Not on this challenging course and especially not in just his fifth-ever super-G start.

"When I saw that, I was like, 'Whoa, little Marcel, this might be a step too much for you. Do it pretty slow and comfortably. Do not risk everything,'" Hirscher said.

And when he saw his teammate go down, Hirscher just shook his head.

"You have to risk everything. It's not worth it," he said of the course. "It's not fair."

Unfair? Svindal didn't quite see it that way.

"Too hard is not unfair," said Svindal, who finished second in the downhill Friday. "Unfair is if fog is moving in in the middle of the race. That's unfair. A difficult course, for sure.

"To be honest, the courses where you're like, 'This might work, but there's a 50-50 chance it's not going to work' ? they're not my favorites. When Reichelt was leading, I was happy. I knew he was a solid skier and he doesn't go out very often. That tells me, 'Ski this well and you can win it.' Then Marsaglia goes up and he took major risks. I knew that's going to be tough to beat."

Marsaglia simply turned in a flawless run. He found speed in sections of the hill where other skiers were hitting the brakes.

"Amazing run," said Marsaglia, from Rome. "I really like this slope. I like this slope a lot. I tried to push everything. I had nothing to lose today."

No, he definitely didn't.

But Hirscher felt like he did, especially since his best event ? the giant slalom ? is Sunday.

"Those guys wanted to win. So, they risked everything," said Hirscher, who finished 2.34 seconds behind Marsaglia in 32nd place. "I have to learn a lot."

This particular course was set up by a member of the Austrian delegation and featured 37 turning gates. It required patience in some portions and all-out pushing in others.

"I went for it really hard in the places I could," Ligety said. "I tried to ski smart in the places you had to be smart. Marsaglia took more risks than all the rest of us. It paid off."

The oft-injured Marsaglia could hardly believe his fortune. Even after the top 30 or so racers went down the hill, when his podium spot was pretty much locked up, he still kept watching the race course, half expecting someone to turn in a good run from back in the pack to beat him.

"Slowly, slowly, I understand (what this means)," Marsaglia said.

It's been a good weekend for the Italians as Christof Innerhofer won the downhill the day before. Not that Marsaglia's surprised.

"We are a really good team. We know that," he said. "This summer was really good training. This year, we can do some other races like yesterday and today."

Innerhofer couldn't agree more. He had another good run going before nearly missing a gate. He recovered in time to finish in 17th place.

"This is super steep, with a lot of bumps," Innerhofer said. "It was interesting for everyone on television. Here, there was action."

There may be plenty of action in the overall race this season, too, especially with the way Ligety's skiing. Once considered an outside threat for the title, he's now a bona fide contender. Svindal leads the current standings, but Ligety is just 140 points behind, which he could slice into Sunday in the giant slalom.

"That kid can come in and give us a fight for the overall," Svindal said. "He's starting to look more and more like one of those three or four guys who will be there all the way until the end."

That is, if Svindal ever slows down. He won two straight races in Lake Louise last weekend and has now finished runner-up twice in Beaver Creek.

"We're a long way off, with Aksel and the way he's skiing. Hopefully, his streak doesn't continue," Ligety said. "Otherwise, we won't have a chance."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-12-01-SKI-Men's-World-Cup/id-2e497c9d7c344e18a9a4ac8c65ecc178

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Saturday, December 1, 2012

Part I: Charitable Contributions and Taxes for 2013: Explaining the ...

By Joseph Gillmer, Vice President, CCS

With the election in the rearview mirror, Congress and the White House are focusing on budgets and taxes. Specifically, they are attempting to avoid the so called ?Fiscal Cliff,? a scenario where a variety of Federal taxes will increase while across-the-board spending cuts will occur at the same time?January 1, 2013. There are several aspects of charitable giving that could be impacted by Congressional decisions (or lack thereof) for 2012, 2013 and beyond. Below is a breakdown of the key charity-related tax issues on the table that would be addressed by The ?Family and Business Tax Cut Certainty Act of 2012? (FBTCC Act of 2012,) a bill that has passed the Senate Committee on Finance but requires full passage in Congress to take effect. The bill would extend certain expired or expiring tax provisions through December 31, 2013. The staff of the Joint Committee on Taxation (JCT) estimates that enacting the bill would reduce revenues by about $205 billion from 2013 to 2022 period. More than 60% of that revenue reduction would arise from a two-year extension of relief from the individual alternative minimum tax (AMT.) The charitable tax deduction ?extenders? are a smaller, but important part of the FBTCC Act of 2012.

Individual Charitable Deduction Extenders

Charitable IRA Rollover

The Charitable IRA Rollover was first enacted with the passage of the Pension Protection Act in 2006. It provided the ability for individuals 70 ? or older to direct traditional or ROTH IRA funds to charitable organizations up to $100,000. These gifts to charitable organizations, while not tax deductible (because they were pre-tax assets,) allowed individuals to fulfill part or all of his or her Required Minimum Distribution. The Charitable IRA Rollover provision has required approval from Congress as part of tax ?extender bills? every year or two years since 2009. The latest provision expired at the end of 2011.

The FBTCC Act of 2012 would reinstate the Charitable IRA Rollover to the beginning of 2012 and extend it through 2014. The Joint Committee on Taxation and Congressional Budget Office estimate that the Charitable IRA Rollover would cost the federal government about $877 million in lost tax revenue for 2013 and 2014. That equates to $2.5 to $3 billion in charitable giving through the Charitable IRA Rollover in 2013 and 2014. While the permanent expiration of the Charitable IRA Rollover does not necessarily mean that charitable giving would drop by several billion dollars over the next two years (as many donors use the gift vehicle as a substitute for other types of giving as opposed to wholly new giving,) the loss in giving would number in the hundreds of millions of dollars ? real dollars that could be going to worthy causes.

Contributions of Capital Gain Real Property Made for Conservation Purposes

The FBTCC Act of 2012 that would extend the Charitable IRA Rollover would also extend for two years the increased contribution limits and carry-forward period for contributions of appreciated real property (including partial interests in real property) for conservation purposes. The Joint Committee on Taxation and Congressional Budget Office estimate that the extension of the enhanced contribution limits of capital gain real property for conservation purposes would cost the Federal Government about $132 million in lost tax revenue for 2013 and 2014.

Annual Gift Tax Exclusion

The annual gift tax exclusion is one change taking effect in January 2013. The annual gift tax exclusion amount, which is adjusted annually, will be $14,000 for 2013, as announced by IRS last week (Internal Revenue Bulletin 2012-45.) Taxpayers will be able to make gifts of up to $14,000 per person in 2013 without any federal gift tax consequences. This means that an individual can provide up to $14,000 to any number of individuals without owing federal gift taxes (as long as the gift does not exceed $14,000 to any ONE individual) While the annual gift tax exclusion is not in the category of charitable deductions (and separate from FBTCC Act of 2012,) many individuals take into account what he or she can give to family members in a given year when considering a budget for charitable support.

Business Charitable Tax Deduction Extenders

The FBTCC Act of 2012 also provides provisions to extend several charitable avenues for businesses.

New Markets Tax Credit

Through the New Markets Tax Credit (NMTC) program, the federal government has been able to leverage federal tax credits to encourage significant private investment in businesses in low-income communities. The program provides a 39%tax credit spread over seven years. Many nonprofit organizations have been able to utilize new markets tax credits as part of a larger campaign for their capital needs over the last several years.

The FBTCC Act of 2012 would provide support for two more years of the new markets tax credit, permitting a maximum annual amount of qualified equity investments of $3.5 billion each year. The Joint Committee on Taxation and Congressional Budget Office estimate a two-year extension of this proposal will cost the federal government $32 million in 2013 and 2014 and about $1.8 billion over a 10-year period ending in 2022.

Enhanced Charitable Deduction for Contributions of Food Inventory

The FBTCC Act of 2012 would provide a two-year provision that would allow businesses to claim an enhanced deduction for the contribution of food inventory. The Joint Committee on Taxation and Congressional Budget Office estimate a two-year extension of this proposal would cost the Federal Government $314 million.

Basis Adjustment to Stock of S Corporations Making Charitable Contributions of Property

The FBTCC Act of 2012 would provide a two-year provision that would allow S corporation shareholders to take into account their pro rata share of charitable deductions even if such deductions would exceed such shareholder?s adjusted basis in the S corporation. The Joint Committee on Taxation and Congressional Budget Office estimate a two-year extension of this proposal would cost the federal government $224 million.

Latest on the Federal Estate Tax

Under current law the federal estate tax exemption is scheduled to change from $5 million in 2012 to $1 million in 2013. In addition, the estate tax rate is scheduled to revert from the current 35% rate for assets in an estate transferring to non-charitable beneficiaries that exceed the $5 million exemption to 55% for assets that exceed $1 million.

What would that mean in terms of an impact on charitable giving? The Congressional Budget Office concluded in reports published a couple years ago that repealing the estate tax would reduce charitable bequests as much as 28%. It is thought that the lower the exemption, the more individuals would need consider whether to give a significant amount of assets to either charity or the Federal Government. At a higher exemption or no federal estate tax at all, more individuals would just transfer assets to heirs, which would be why charitable support would drop in a high exemption or estate tax repeal scenario.

The Future of the Federal Estate Tax

President Obama has voiced support for a federal estate tax for 2013 to follow the rates of 2009: $3.5 million estate tax exemption and a 45% estate tax rate. On the left, there are legislators who are in favor of allowing the exemption to revert back to $1 million and 55% tax rate. On the right, there are legislators who are in favor of a permanent repeal of the estate tax.

If Congress acts before the end of the year, it will likely be a compromise that will set the estate tax exemption between $3.5 million and $5 million with an estate tax rate of 35-to 45%. As mentioned above, if Congress does nothing, the exemption automatically drops to $1 million with a 55% rate, effective January 1, 2013.

* CCS does not provide legal or tax advice. Donors and potential donors need to consult with tax professionals.

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Source: http://ccsfundraising.wordpress.com/2012/11/30/part-i-charitable-contributions-and-taxes-for-2013-explaining-the-fiscal-cliff-and-outlook/

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Lenovo A586 touts voice unlock through Baidu, A*STAR verification tech

Lenovo A586 touts voice unlock through Baidu, ASTAR

Attempts to get away from unlocking our smartphones through codes and finger swipes have mostly centered on camera tricks like Android's Face Unlock. If you happen to pick up a Lenovo IdeaPhone A586 when it reaches China on December 12th, you'll have the option to use some dulcet tones instead. The Android smartphone builds in a new speaker verification system from Baidu and A*STAR's Institute for Infocomm Research that looks for a specific voice signature: speak a distinct passphrase and the phone unlocks without gestures or a longing stare. Few will be especially smitten with the 4.5-inch, 854 x 480 display, 1.2GHz dual-core processor, 5-megapixel camera or 4GB of storage, but they'll be glad to get access to their A586 in a more hands-off (and hopefully spoof-resistant) way. We'd only be worried about choosing a passphrase that won't trigger odd looks from passers-by.

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Via: CNET

Source: Singapore Government


Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/UNKxHX9qflg/

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