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ALL TIME LOW SCREENING PARTY
October 29, 2016 (Saturday)
SM North EDSA Cinema 4
VIP Package- P1,600.00
*Includes a ticket to the screening party, your very own physical copy of Straight To DVD II, and a free PULP Magazine.
Regular Package – P600.00
*Ticket prices are subject to ticket service charges
Ticket Outlets: SM Tickets
Gates open at:
Show starts at:
ALL TIME LOW STRAIGHT TO DVD II SCREENING PARTY
Here's another ATL Live Experience PH Hustlers shouldn't miss!
Just a little over a year since a sold out All Time Low concert at the SM Mall of Asia Arena, PULP Live World brings you yet another phenomenal live ATL experience– this time, on the big screen! PULP Live World and Hopeless Records are proud to present the ALL TIME LOW STRAIGHT TO DVD II SCREENING PARTY in Manila! Calling all PH Hustlers to party with us this October 29, 2016, 4:00 pm at the SM North EDSA Cinema 4!
"There's really no way of knowing where you're gonna go next in the world of All Time Low," muses All Time Low frontman Alex Gaskarth in retrospect of the past 11 years or so of the band's existence. Indeed, a lot can happen in a span of several years– especially for a bunch of guys who have set out, since day one, to take the world by storm.
This year, the long-awaited follow-up to All Time Low's Straight To DVD has finally come our way. Straight To DVD II: Past, Present, and Future Hearts, the sequel to All Time Low's 2010 live release, has been a long time coming. But there couldn't have been a more opportune time than now for the band to once again come together and put out yet another electrifying and extraordinary live experience on DVD, with an in-depth documentary that's chock full of humor, debauchery, and, most importantly, recollective reflections on the band's amazing journey.
Witness some of our generation's most prolific pop-punk heroes, Alex, Jack, Rian, and Zack, as they take on the historic and massive Wembley Arena in London, bringing us their timeless hits and present anthems, especially those off the band's latest album Future Hearts, which presents All Time Low on a whole new level – just as they've outdone themselves album after album after album.
Let All Time Low take you with them as they build on past trials and triumphs; appreciate every moment in the present, as we behold the very peak of the band's career thus far; look eagerly to what the future holds for a unit that has no intention of stopping. They've conquered the world and built an empire of Hustlers by capturing the hearts of countless cities like Manila – definitely, this is one party PH Hustlers shouldn't miss!
Get your tickets at SM Tickets outlets nationwide, or online at www.smtickets.com. VIP Packages are available at P1,600.00, and includes a ticket to the screening party, your very own physical copy of Straight To DVD II, and a free PULP Magazine. Regular tickets (screening only) are priced at P600.00. Ticketing charges apply.


But Windows Mobile 5. Orders will be shipped on a first come first served basis. Please review our terms of service to complete your newsletter subscription. The makes for an smoothly styled piece of kit which, lacking the giveaway of a fold-out antenna, looks just like an ordinary Pocket PC. But the user interface could be improved, and there are a couple of important performance issues. These include a keylock that's easily invoked with a tap on the Today screen to prevent accidental key or screen presses — you double-tap the screen to disable it. A short press on this button starts the built-in voice notes software, while a longer press fires up FSC SpeedMenu, a software add-on provided by Fujutsu Siemens of which more later.
Apple iPhone 7 Plus 9. The 1,mAh Li-ion battery is removable.
The item is out of stock and estimated to arrive on the date provided. Stock level indicator Close. We delete comments that violate our policywhich we encourage you to read. What our customers say about us 4. But when will Apple take those steps? The N and the N N502 Monday edition Which iPad you should buy: Once we had a fix, the N could ,oox moved around — including right into the main body of the car — with no noticeable signal degredation.
The navigation button sits proud of its neighbours and feels comfortable to use.
Be respectful, keep it civil and stay on topic. Discussion threads can be closed at any time at our discretion. Good service well within their lead times, had an item out of stock which was then upgraded for free to keep delivery on time.
What the iPad Pro needs next It's only a few key steps away from being Apple's killer computer. Items that are bought by us when a purchase is made, this generally is for highly expensive items, items with a very slow run rate or speciality items.
The slate grey and silver colouring of the earlier model remains intact, as does the quartet of application shortcut buttons — a pair on either side of the navigation button.
There's more to the tiny wireless earbuds than meets the eye. Cyber Monday edition by Scott Olox.
The constant use of the word 'please' was mildly irritating, but we were impressed with the quality of the instructions, which were handled especially well whenever we had to negotiate two junctions in quick succession. Google Pixel XL 8.
The makes for an smoothly styled piece of kit which, lacking the giveaway of a fold-out antenna, looks just like an ordinary Pocket PC.
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After installing the Navigon software and doing a soft reset we were left with Once up and running, it worked fine, getting us from A to B perfectly well. The new Office Mobile Suite increases productivity and gives you access to all critical business information, regardless of your looox. Ask a question Compare. As you change the options, the stock status will automatically update depending on your selection.
Along with the Pocket LOOX N itself, Fujitsu Siemens provides mains power and USB docking cables plus a slipcase; for in-vehicle navigation use, you get a cigarette lighter power cable and a sucker-style windshield mount.
But Windows Mobile 5. Mobile Accessories by Jason Cipriani 4 days ago. Miscellaneous Included Handheld Accessories. Remember, though, that the faster olox allow the processor to run, the shorter the battery life.
Superb customer care and always ready to check things as needed.


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Corporate Restructuring : Amalgamations,demerger ,Spinoff, Capital reduction - Companies Act and Income tax act implications
The Framework under companies Act
Chapter XV of the 2013 Act deals with "Compromises, Arrangements and Amalgamations." In this chapter, the Act consolidates the applicable provisions and related issues of compromises, arrangements and amalgamations; however, other provisions are also attracted at different stages of the process. Amalgamation means an amalgamation pursuant to the provisions of the Act. In an amalgamation the undertaking comprising of property, assets and liabilities, of one (or more) company are absorbed by and transferred either to an existing company or a new company. Simply put, the transferor integrates with the transferee and the former loses its entity and dissolves without winding-up. The 2013 Act creates a new regulator, the National Law Company Tribunal ("Tribunal") who, upon its constitution, will assume jurisdiction (the High Courts will no longer have any jurisdiction) of the court for sanctioning mergers. Once the Tribunal is constituted, expected to be formed sometime this year, and related rules finalized, the provisions under the 2013 Act would be implemented.
Before detailing the key changes under the new law, a brief overview of the existing process will be useful. Under the 1956 Act, companies which have reached a consensus to merge must prepare a "scheme" of amalgamation/merger ("Scheme"). The lenders (financial institutions or banks) of the transferor and the transferee must approve1 the Scheme in-principle, followed by the subsequent approval of the respective Board of Directors of the merging entities. If the merging entities are listed companies, then the listing agreements executed with the stock-exchanges require the company to communicate price-sensitive information to the stock exchange immediately, to seek an approval from the capital market regulator, Securities and Exchange Board of India ("SEBI") simultaneous with the public notification. This essentially happens after the approval of the Board to the Scheme. The next step is to apply2 to the High Court having jurisdiction over the registered office of the company seeking an order to convene shareholders and creditors meeting. Without getting into further details of the process, the key point is that any objector amongst the stakeholders can object to the Scheme in the court proceedings.
The element of preparing the Scheme has been retained under the 2013 Act. Unlike the 1956 Act, the new regime (a)recognizes cross border mergers, (b) sets out separate procedure for merger of small companies and those of holding with wholly-owned, (c) prescribes thresholds for objections, and (d) describes mandatory filings to ensure legal compliance.
The Changes to the process
Regulatory/Third party approvals: As shareholders' and creditors' consents are essential, the 1956 Act, therefore, contemplates issue of a notice to them. The 2013 Act requires service of the notice of the merger along with documents (such as copy of the Scheme and valuation report) not only upon the shareholders and creditors but also on various regulators including the Ministry of Corporate Affairs (through Regional Director, Registrar of Companies and Official Liquidator),4 Reserve Bank of India ("RBI") (where non-resident investors are involved), SEBI (only for listed companies), Competition Commission of India (where the prescribed fiscal thresholds are crossed and the proposed merger could have an adverse effect on competition), Stock Exchanges (only for listed companies), Income Tax authorities and other sector regulators or authorities which are likely to be affected by the merger.5 This ensures compliance of the Scheme with other regulatory requirements imposed on the merging entities. In fact, under the 1956 Act the courts have made mergers subject to approval of the regulators. The 2013 Act prescribes a 30 day time frame for the regulators to make representations, failing which the right would cease to exist. This is a positive step because in the 1956 Act no such time frame was provided leading to considerable delays in the court proceedings.
Approval of the Scheme through postal ballot6: The 1956 Act required presence of the shareholders and creditors in the physical meetings, either in person or by proxy, to cast vote for/against the Scheme. In the 2013 Act, the shareholders and creditors also have the option to cast vote through postal ballot while considering a Scheme. The 1956 Act did not allow this and the shareholders and creditors could only cast votes physically. This right will ensure wider participation of the shareholders and creditors, particularly for those who are scattered all over the country and who find it difficult to be either physically present or provide a proxy. Postal ballot, therefore, will offer them a greater flexibility to cast their votes.
Valuation Report: Though the 1956 Act is silent on disclosing the valuation report to the stakeholders, as a matter of transparency and good corporate governance, the listed companies used to make available the valuation report for inspection and also during the course of the meetings. Courts also required annexing of the valuation report to the application submitted before them. The 2013 Act now mandates annexing of the valuation report to the notices for the meetings to enable ready access to the shareholders and creditors7.
Objections8: A bane under the 1956 Act was that it permitted the individual shareholders and creditors to raise frivolous objections to arm-twist and unnecessarily harass the companies following the meetings. Such right to object to the Scheme would no longer be available to any and every person. Objections can be raised by shareholders holding 10% or more equity and creditors whose debt represent 5% or more of the total debt as per the last audited financial statements. By raising the bar, the new law aims to ensure that the frivolous objections/litigation can be avoided.
Accounting Standards9: As a matter of practice, frequently the Scheme provided for accounting treatment that would deviate from the prescribed accounting standards necessitating a note to this effect in the balance sheet of the company. This was frowned upon by the tax authorities. Consequently, in case of listed companies, the listing agreement was amended to provide that an auditor's certificate stating that the accounting treatment is in accordance with the accounting standards was required to be filed for seeking approval of the stock exchanges. The 2013 Act makes such prior certification from an auditor mandatory for both listed and unlisted companies.
Merger of a listed company into an unlisted one:10The 2013 Act specifically provides for the Tribunal's order to state that the merger of a listed company into an unlisted company will not ipso facto make the unlisted company listed. It will continue to be unlisted until the applicable listing regulations and SEBI guidelines in relation to allotment of shares to public shareholders are complied with. Further, in case the shareholders of the listed company decide to exit, the unlisted company would facilitate the exit with a pre-determined price formula which shall be within the price specified by SEBI regulations. The Indian securities law prescribes strict enforcement of listing requirements by companies intending to get listed. SEBI had, however, eased these requirements for listed companies proposing merger by granting them exemptions from complying with the initial public offering requirements11 on a case-to-case basis. Recently SEBI had issued guidelines12 stating that if the Scheme provides for listing of shares of an unlisted company without complying with the initial public offering requirements, then, upon court approval of the Scheme, the unlisted company has to file a specific application seeking such exemption from SEBI. Such an application has to be filed upon, inter-alia, allotment of equity shares to the holders of securities of the listed company.13 The changes under the 2013 Act are in line with SEBI requirements. The 1956 Act was silent on this aspect.
Fast Track Mergers for special cases
Apart from the aforesaid changes, the 2013 Act provides for separate provisions for cross border mergers, merger of two small companies and that of holding with wholly-owned subsidiaries. These are described briefly below.
Cross-border mergers: The 1956 Act permits cross-border mergers only where the transferor is a foreign company. In contrast, the 2013 Act permits in-principle mergers between an Indian and a foreign company located in a jurisdiction notified by the central government in periodic consultation with RBI. Such a merger would be subject to RBI approval and Scheme may provide payment in cash or depository receipts or both. The payment in cash or depository receipts would facilitate exit to the shareholders of the merging entity who do not want to be a part of the merged entity. These changes reflect the legislature's intent to facilitate cross-border business. The Income Tax Act presently grants tax exemptions on mergers if the transferee is an Indian company and does not recognize a situation where the transferee will be a foreign company, as contemplated under the 2013 Act. The introduction of cross-border mergers under the 2013 Act may, therefore, require corresponding changes in other laws, including foreign exchange and tax.
Merger of "small companies" and holding with wholly-owned subsidiaries: Unlike the 1956 Act under which merger of all companies, irrespective of nature and size requires court approval, the 2013 Act carves out a separate procedure for small companies and the holding and wholly-owned subsidiaries. Section 233 of the 2013 Act prescribes a simplified fast track procedure for their merger which requires consent of shareholders holding 90% in value and creditors representing 9/10th of debt in value as well as approval of the Scheme by the Regional Director, Ministry of Corporate Affairs in case no objections are received from the Official Liquidator and Registrar of Companies. Approval of the Tribunal is not required for such mergers. This could be good news for the merging entities who may not be required to (i) file documents required to be filed under the listing agreement, in the case of listed companies, (ii) give notice to various authorities, (iii) provide auditor's certificate of compliance with applicable accounting standards. However, if the Regional Director is of the opinion that the Scheme is not in the interest of the stakeholders, he may approach the Tribunal who could follow the merger procedure prescribed under the 2013 Act. This ability to transfer to the Tribunal has the potential to change fast-track to a normal merger and make such mergers less appealing.
Taxability of gains arising on slump sale
Section 50B provides the mechanism for computation of capital gains arising on slump sale. On a plain reading of the Section, some basic points which arise are :
1. S. 50B reads as 'Special provision for computation of capital gains in case of slump sale'. Since slump sale is governed by a 'special provision', this Section overrides all other provisions of the Act.
2. Capital gains arising on transfer of an undertaking are deemed to be long-term capital gains. However, if the undertaking is 'owned and held' for not more than 36 months immediately before the date of transfer, gains shall be treated as short-term capital gains.
3. Taxability arises in the year of transfer of the undertaking. The undertaking will be deemed to be transferred on execution of the agreement and registration thereof coupled with the handing over of possession of the undertaking to the transferee. However, if the year of the agreement of the undertaking and registration thereof and the year of its possession fall in two different previous years, then the previous year in which the possession of the undertaking is handed over to the transferee will be considered as the year of transfer.
4. Capital gains arising on slump sale are calculated as the difference between sale consideration and the net worth of the undertaking. Net worth is deemed to be the cost of acquisition and cost of improvement for S. 48 and S. 49 of the Act.
5. As per S. 50B, no indexation benefit is available on cost of acquisition, i.e., net worth.
In the year of transfer of the undertaking, the assessee has to furnish an accountant's report in Form 3CEA along with the return of income indicating the computation of net worth arrived at and certifying that the figure of net worth has been correctly arrived at. Although the certification of computation is based on the information and explanations obtained by the accountant, the essence of the form is on reporting that the computation is 'true and correct' rather than 'true and fair'.
Tax implications of Amalgamation
Tax implications of demerger
(i) Tax neutrality of the assets transferred to resulting company.
(ii) To extend the benefit of carry forward of loss or depreciation relating to transferred undertaking to resulting company.
(iii) To extend the benefits like S. 80IA, S. 80IB, etc. to the split off unit.
(iv) To allow the expenditure incurred for demerger.
(v) Tax neutrality of the demerger for the shareholders of demerged company.
Any institution, association or body assessed as company or declared by the CBDT as a company.
Conditions of demerger (S. 19AA) :
(i) The transfer is pursuant to a scheme of arrangement u/s.391 to u/s.394 of the Companies Act, 1956.
(ii) Transfer of all the assets/ liabilities of one or more undertakings by a demerged company to any resulting company at book value on going concern basis, otherwise than by way of acquisition.
(iii) The resulting company issues shares to the shareholders of demerged com-pany on proportionate basis.
(iv) Shareholders holding at least 75% of the share capital become shareholders of resulting company.
Taxation of shareholders in demerged company :
(i) Dividend : S. 2(22) has been amended by inserting a new clause (v) to provide that no dividend income shall arise in the hands of shareholders of demerged company on demerger.
(ii) Capital gains : A new clause (vid) in S. 47 has been inserted to provide that no capital gains shall arise to shareholders of the demerged company on account of receipt of any shares from the resulting company.
Tax benefits to resulting company :
(i) Expenses incurred for the purpose of amalgamation or demerger shall be allowed @20% every year from the year in which the demerger takes place.
(ii) Depreciation shall be apportioned between the demerged company and the resulting company in the ratio of number of days for which the assets were used by them.
(iii) The accumulated losses and unabsorbed depreciation in a demerger shall be allowed to be carried forward by the resulting company.
Transaction not to be regarded as transfer
(S. 47 [vib], [vic], [vid]) :
(i) Resulting company is an Indian company.
(ii) Transfer of shares in an Indian company held by the demerged foreign company to resulting foreign company if
— 75% of the shareholders of demerged foreign company continue to remain shareholders of the resulting foreign company.
— Capital gains tax is not attracted on the demerged foreign company in the country of its incorporation and S. 391 to S. 394 of the Companies Act will not be applicable.
(iii) transfer or issue of shares by the resulting company to the shareholders of the demerged company.
Amortisation of expenditure in case of amalgamation or demerger (S. 35DD) :
Expenses by an Indian company incurred after 1-4-1999 for amal-gamation or demerger of an undertaking, shall be amortised @20% each year starting from the year in which amalgamation or demerger takes place.
Cost of shares acquired in the scheme of demerger (S. 49) :
(i) Cost of acquisition of shares in the resulting company shall be the proportion of the cost in the demerged company in the assets transferred bears to the net worth of the demerged company. (S. 49[2C]).
(ii) The cost of acquisition of shares in the demerged company shall be reduced by the proportion being the ratio which the net book value of the assets transferred bears to the net worth of the demerged company. (S. 49[2D]).
Demerger Vs. Hiving - Off
1. Consideration:
In case of Hiving- off, the payment of a lump sum sale consideration is required in respect of transfer of an undertaking by slump sale in demerger the resulting Co. issues, in consideration of the demerger, it shares to the shareholder of the demerged Co. on a proportionate basis.
2. Valuation of Asset:
In Hiving- off values are not assigned to individual assets and liabilities of the undertaking, whereas in case of demerger, the assets and liabilities of the demerged Co. are transferred at the value appearing at the books of accounts immediately before the demerger to the resulting Co.
3. Carry Forward of Depreciation:
In Hiving- off unabsorbed depreciation/loss can be carried forward only by a transferor Co, whereas in the case of demerger, the resulting Co. avails the benefit of such depreciation/loss.
4. Cost of Assets in Hands of the Transferee:
In a slump sale, to determine the actual cost of assets transferred, the lump sum consideration received is apportioned in fair and reasonable manner among the assets, whereas in the case of demerger the assets are valued at the book value as appearing in the books of transferor.
SCHEME OF CAPITAL REDUCTION
Corporate Restructuring means rearranging the business of a company for increasing its efficiency and profitability. It is tool to catapult value to the organization as well as to the investors. It is the fundamental change in a company's business or financial structure with the motive of increasing the company's value to shareholders or creditors.
Restructuring is a method of changing the organizational structure in order to achieve the strategic goals of the organization. Corporate Restructuring is a wide expression and it includes various kinds of tools. Thus, it is the purpose or objective of the organization which will determine the kind of too to be used in corporate restructuring.
Hence, corporate restructuring is a comprehensive process by which a company can consolidate its business operations and strengthen its position for achieving its short-term and long-term corporate objectives. Corporate restructuring is vital for survival of a company in competitive environment.
EMERGENCE OF CORPORATE RESTRUCTURING IN GLOBAL AND NATIONAL PERSPECTIVE
A restructuring wave is sweeping the corporate world. Corporate India is witnessing a restructuring revolution. The somewhat guarded, tentative response of the early years of economic reforms is slowly giving place to more decisive initiatives in corporate restructuring. Consolidation at the group and industry levels through mergers and acquisitions, strategic divestitures to permit sharper focus, strategic alliances and to a lesser extent demergers and spin - offs etc; are transforming the ownership profile and competitive structure of the Indian Industry. Takeovers, mergers and acquisition activities continue to accelerate. From banking to oil exploration and telecommunication to power generation, companies are coming together as never before. Not only these new industries like biotechnology have been exploding but also the old industries are being transformed. Corporate restructuring through acquisition, amalgamations, mergers, arrangements and takeovers has become integral to corporate strategy today.
In India, the concept has caught like wildfire with a merger or two reported every now and then. The process of restructuring through mergers and amalgamations has been a regular feature in the developed and free economy nations like USA and European countries, more particularly UK, where hundreds of mergers take place every year.
Courts too have been sympathetic towards merger, the classic example being the following remarks of Supreme Court in the HLL-TOMCO merger case:
In this era of hyper-competitive capitalism and technological change, industrialists have realized that merger/acquisitions are perhaps the best route to reach a size comparable to global companies so as to effectively compete with them. The harsh reality of globalization has dawned that companies which cannot compete globally must sell-out as an inevitable alternative.
NEED/PURPOSE OF CORPORATE RESTRUCTURING
Following are some of the main purposes of Corporate Restructuring:
1) To expand the business or operations of the company.
2) To carry on the business of the company more economically or more efficiently
3) To focus on core strength
4) Cost Reduction by deriving the benefits of economies of scale.
5) Obtaining tax advantage by merging a loss making company with a profit making company.
6) To have access to better technology.
7) To improve debt-equity ratio.
8) To have better market share.
9) To overcome significant problems in a company.
10) To become Globally Competitive.
11) To eliminate competition between the companies.
12) In the public interest (by the Central Government in exercise of the powers conferred by section 396).
TOOLS OR STRATEGIES OF CORPORATE RESTRUCTURING
Following are some of the important tools or strategies of corporate restructuring discussed in brief just to give a basic idea.
The term amalgamation is not defined under Companies Act, 1956. Generally speaking, amalgamation is a legal process by which two or more companies are joined together to form a new entity or one or more companies are to be absorbed or blended with another and as a consequence the amalgamating company loses its existence and its shareholder become the shareholder of the new or amalgamated company.
Merger is an arrangement whereby the assets of two or more companies become vested in or under the control of one company, which may or may not be one of the original two companies, which has as its shareholders, all or substantially all, the shareholders of the two company. Merger is a tool used by companies for the purpose of expanding their operations often aiming at an increase of their long term profitability. It is a combination of two or more business enterprises into a single enterprise. Mergers occur in a consensual (occurring by mutual consent) setting where executives from the target company help those from the purchaser in a due diligence process to ensure that the deal is beneficial to both parties. Mergers can be of three types; namely:
a) Horizontal Mergers: A horizontal merger is when two companies competing in the same market merge or join together. This type of merger can either have a very large effect or little to no effect on the market. When two extremely small companies combine, or horizontally merge, the results of the merger are less noticeable. These smaller horizontal mergers are very common. In a large horizontal merger, however, the resulting ripple effects can be felt throughout the market sector and sometimes throughout the whole economy.
b) Vertical Mergers: A merger between two companies producing different goods or services for one specific finished product. By directly merging with suppliers, a company can decrease reliance and increase profitability. An example of a vertical merger is a car manufacturer purchasing a tire company. Vertical Mergers can be in the form of Forward Integration of Business [E.g. A manufacturing company entering in the Direct Marketing Function. which was not its foray in the erstwhile times) or in the form of Backward Integration of Business [E.g. A manufacturing company also focusing on the producing the required raw materials and managing its supply chain activities on its own . which was not its foray earlier].
c) Conglomerates merger: This type of merger involves mergers of corporates in unrelated lines of businesses activity to achieve three objectives; (a). Product Extension (b). Entry into new Geographic Markets (c). Entry into unrelated yet profitable businesses. E.g. most big business houses such as Reliance Industries, Aditya Birla Group, etc. undertake such mergers to expand their businesses.
Demerger
Demerger means division or separation of different undertakings of a business functioning hitherto under a common corporate umbrella. A scheme of demerger is, in effect, a corporate partition of a company into two undertakings, thereby retaining one undertaking with it and transferring the other undertaking to the resulting company. The resulting company issues its shares at the agreed exchange ratio to the shareholders of the demerged company. The demerger of the Reliance group is by far the biggest corporate restructure story in the private sector.
Reverse Merger
Reverse merger is an alternative method for private companies to become public, without going through the long and convoluted process of traditional Initial Public Offering. In a reverse merger, a private company acquires a public entity by owning the majority shares of the public entity .The private company takes on the corporate structure of the public entity, with its own company name. Reverse mergers allow a private company to become public without raising capital, which considerably simplifies the process. While conventional IPOs can take months (even over a calendar year) to materialize, reverse mergers can take only a few weeks to complete (in some cases, in as little as 30 days). This saves management a lot of time and energy, ensuring that there is sufficient time devoted to running the company.
Slump Sale
Slump sale means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales. In a slump sale, a company sells or disposes off whole or substantially the whole of its undertaking for a lump sum pre determined consideration, called the slump price. In a slump sale, an acquiring company may not be interested in buying the whole company, but only one of its division or a running undertaking on a going concern basis. In simple words, slump sale is nothing but transfer of a whole or part of business concern as a going concern; lock, stock and barrel.
Takeover/Acquisition
An acquisition, also known as a takeover, is the buying of one company (the target) by another. An acquisition may be friendly or hostile. In the former case, the companies cooperate in negotiations; in the latter case, the takeover target is unwilling to be bought or the target's board has no prior knowledge of the offer. Acquisition usually refers to a purchase of a smaller firm by a larger one. The objective is to consolidate and acquire large share of the market.
Types of Takeover:
a) Friendly or Negotiated Takeover: Friendly takeover means takeover of one company by change in its management & control through negotiations between the existing promoters and prospective invester in a friendly manner. Thus it is also called Negotiated Takeover. This kind of takeover is resorted to further some common objectives of both the parties. Generally, friendly takeover takes place as per the provisions of Section 395 of the Companies Act, 1956.
b) Bail Out Takeover: Takeover of a financially sick company by a financially rich company as per the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 to bail out the former from losses.
c) Hostile takeover: Hostile takeover is a takeover where one company unilaterally pursues the acquisition of shares of another company without being into the knowledge of that other company. The most dominant purpose which has forced most of the companies to resort to this kind of takeover is increase in market share. The hostile takeover takes place as per the provisions of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
An arrangement between two companies who have decided to share resources in a specific project. A strategic alliance is less involved than a joint venture where two companies typically pool resources in creating a separate entity.
Disinvestment can be defined as the action of an organization (or government) selling or liquidating an asset or subsidiary. It is also referred to as divestment or divestiture. It refers to the transfer of the assets/shares/control from the government to the private sector. In general terms Disinvestment(Dis-investment) is simply selling the equity(share) invested by the government in Public Sector Enterprises(PSU).PSUs are enterprises which are either owned completely by the government or whose shares are maximum owned by the government(51% or above).Examples include BHEL,ONGC etc.
Buy Back of Shares
The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may be looking for a controlling stake. A buyback is a method for company to invest in itself since they can't own themselves. Thus, buybacks reduce the number of shares outstanding on the market which increases the proportion of shares the company owns.
Procedure for Amalgamation as per Indian companies Act : Secreterial Practice
Board Meeting for discussion & appointment
Discussion of scheme of amalgamation by Board resolution appoint CA firm for valuation to indicate exchange rate, appoint solicitors for drafting scheme of amalgamation and legal implications,appoint chartered Engineers for revaluation of assets.
Valuation of all the merging companies (by CA firm) for purpose of fixing exchange ratio
Board meeting approval of scheme
Notice to S/E that Board meeting is going to be held
Board meeting to approve scheme
Intimation of board decision to S/E
Application to court for directions & Court app chairman convene & report
Application to court
on the date given by court, Notice convening the meeting of SH,explanatory statement, notice convening the meeting of creditors ,by chairman appointed by court and news paper ad of the meetings
Copy of EGM notice to S/E
Chairman give to court
Attendance slip
Affidavit of chairman
Report of chairman
Petetion to court
Public notice of petition for any opposition and rounds
Sanction of the scheme
Report by ROC on behalf of RD(who is authorized by CG) regarding observations on scheme,merger petition to court
Report of official liquidator that he has appointed a CA to review books of a/cs of company and on the basis of CA report he report that the affairs of company are not conducted in a manner prejudicial to interests of public and the transferor company may be dissolved without process of winding up
Hight Court order approving the scheme by transferee co
High Court order approving the scheme by transferor co. if it is in different state
Post sanction
Form 21 filed with ROC
Notice to SE that Board meeting for fixing record date is convened
Board Resolution noting the amalgamation and fixing record date (date fixed should be 42 days from date of intimation to SE
Intimation of record to SE
Notice of record date in news paper
Copy of Court order to SE
Intimation of record date to depository requesting to freeze the ISIN of co from next day of record date
Valuation report by CA in amalgmation
SHARE EXCHANGE RATIO
Labels: Companies Act 2013, Corporate Finance, Corporate Laws, Income Tax

redpajama_set_name: RedPajamaCommonCrawl


text:
Q: Remove duplicates in mongodb find I have the following find query, which returns all the products with the matching storeIDs
numberOfUniqueProducts =  await this.productStoreModel.find({store: { $in: storeIDs }}).lean()

However, I want to filter this to remove duplicate products. I have managed to do this in a filter function, however i was wondering if it could be done in the find itself?
let numberOfUniqueProducts = numberOfUniqueProducts.filter(
(v, i, a) => a.findIndex((t) => t.product === v.product) === i
);

Is there a way to do this?

A: Insted of find you can use this.productStoreModel.distinct({store: { $in: storeIDs }}).
This will give you distinct data.
for more info Click here!

redpajama_set_name: RedPajamaStackExchange


text:
Must Read: Some former Livestrong supporters want their money back
"I feel we were really fooled, we were really hoodwinked," one former Livestrong backer told CNN.
AUSTIN, Texas (CNN) — For years, Connie and Daniel Roddy did all they could to support Livestrong, raising tens of thousands of dollars for the organization.
"It all started when Lance's first book came out," Connie Roddy told CNN, referring to the 2001 publication of "It's Not About the Bike: My Journey Back to Life," which details Lance Armstrong's bout with testicular cancer. "I read it cover to cover. I was just so taken by who he said he was."
The Roddys, who live in Santa Monica, California, say they initially gave $50,000 to the foundation. In 2003, Connie Roddy said, she helped organize an event for the foundation at a health club that raised another $150,000.
Now they want their money back.
"I feel we were really fooled, we were really hoodwinked," she told CNN.
Commentary: The limits of LANCE – A full review of ESPN's new film
Q&A: Director Marina Zenovich on the making of LANCE


Luna Park Sydney recently purchased and installed a vertical style drop amusement ride from the USA known as the 'Super Shot'.
Luna Park requested pitt&sherry provide professional engineering services to undertake the required design verification of the mechanical and electrical components of the amusement ride and as well as the first inspection of the electrical system.
Provision of a report on the mechanical and electrical components of the ride in regards to the compliance or non-compliance with AS3533.1 and the associated standards therein.
Review the design modifications by the manufacturer in response to the non-compliances of the mechanical and electrical elements with AS3533.1 as described in the report.
Site inspection of the ride once fully assembled and functional for assessment of compliance of the electrical installation and control system of the ride to AS3533.1 and its associated standards particularly including AS3002. and provision of an inspection report detailing the findings of the inspection.


We at The Pizza Parlour aim to bring all of our customers the very best value for money, services and food around Merseyside. Give us feedback.
love the vegan cheese on pizza!
Exceptional pizza, this is gonna end up in weekly pizza nights for sure.
Great pizzas usally they arrive be very hot but last time they were bearly warm.
I love ordering from pizza parlour. The pizza base is just as I like it. Lovely and crisp not stodgy dough. The pasta is lovely especially the lasagne. Traditional desert is gorgeous. You may think it's on the dear side but I think it is worth it.
Been using The Pizza Parlour since it was owned by Jacqui and the food is still of a very high standard. Occasionally it's can be a little like warm on arrival but generally it's really good value.
So good to finally have a place that delivers vegan pizza!
Coleslaw is amazing. Pizza is perfect! Have you tried putting tomatoe pizza sauce on the bruschetta? Might be nice. Lovely meal! Cheers.
The best quality ingredients. I cannot fault Pizza Parlour. Thank you.
Delivered a few minutes early. Hot and delicious. New prawn pasta dish is fabulous.


text:
Harmonizing with Red Molly
The Americana powerhouse trio returns to Long Island with their heartfelt roots-Americana vibe. Their joyous stage presence continues to captivate through brilliantly wrought a cappella tunes that are love letters to the art of the vocal blend, complemented by innovative instrumentation perfectly suited for foot stomping bluegrass-tinged barnburners and heart-full ballads alike. Laurie MacAllister (bass), Abbie Gardner (Dobro), and Molly Venter (guitar) weave together the threads of American music -- from folk roots to bluegrass, from heartbreaking ballads to honky tonk — as effortlessly as they blend their caramel voices into their signature crystalline, three-part harmonies. One of the most moving things about Red Molly's music is the honest sense that you're watching three dear friends sharing songs in their living room. In fact, Red Molly got its start with the simple joy of singing at a campsite.
Sunday, June 16, 7:30 p.m. $38 $33, $28. Landmark on Main Street, Jeanne Rimsky Theater, 232 Main St., Port Washington. (516) 767-6444 or www.landmarkonmainstreet.org.
Summer Sounds
Barrier Beach Blues and Arts Festival
The sea breeze is a welcome accompaniment to one of the season's first music festivals. The blues are in full swing once again, at the annual Barrier Beach Blues and Arts Festival, now in its 11th year. Producer Johanna Mathieson, supported by Artists in Partnership, has gathered an acclaimed lineup of musicians and vocalists who are performing at the Long Beach Public Library and other venues. This year's festival offers an eclectic mix of classic blues, Americana and New Orleans-inspired sounds. Renowned acoustic guitarist Toby Walker entertains on Friday evening with a dynamic performance, followed by the nine-piece Hoodoo Loungers Band with the rhythms, sounds, history and spirit of New Orleans. Saturday's lineup includes Sarah Palermo with the Barrelhouse Blues Band, the "real deal" Chicago bluesman Irving Louis Lattin and New York Blues Hall Of Fame singer-songwriter Regina Bonelli —the "Reigning Queen of NYC Blues" — and her internationally lauded band.
Thursday through Sunday, June 13-16. Events are free, but seating is limited in the library. The schedule is subject to change. For more information, visit www.aip-arts.org.
L.B. shows support for wounded veterans
L.B. to discuss water quality
Boat collision kills Rockville Centre teen in Baldwin Harbor
What's happening on Long Island this weekend
Reflections on 'one small step'
Juliet Watstein is crowned Miss Wantagh


Check out the overview of interviewees' responses relating to what happens if those with a role in recovery are not adequately supported (below). Whether motivated by concern for your people, achieving your organisational mission, fiscal prudence or risk management, the answers given by those with firsthand experience in disaster recovery, will give you cause to pause, and hopefully to act.
The knowledge is there, the arguments are made, but still some organisations will not move to support their people. One truly perplexing question remains and I (and many others I met) implore honest scrutiny. Given the arguments above, why not?


+# sphinx-quickstart on Sat Sep 16 03:40:50 2017.
+# If true, `todo` and `todoList` produce output, else they produce nothing.
+different input data sources to generate site manifest YAML files.
+fed to Shipyard for site deployment / updates.
+  --help                          Show this message and exit.
+#        the start of subnet allocation pool while allocating it to host.
+#        -for vlan it is set to 12 as default.
+#        -for all gateway ip addresss it is set to 1.
+#       This specifies the profile details  bases on sitetype.
-                # The controller node is designates as genesis"
+        specific to each plugin.
+        Each plugin will have their own config opts.
+        written as an additional safeguard.
+                kwargs['excel'])), "Engineering Spec file not specified"
+                    ) is not None, "Excel Spec file not specified"
+        """ Extracts vlan network info from raw network data from excel"""
+                # standardize the network name as net_type may ne different.
+        DHCP or internally generated n the next steps by the design rules.
+        """ Extract ldap information from excel"""
+        """ Returns a comma separated list of ntp ip addresses"""
+        """ Returns a comma separated list of dns ip addresses"""
+        """ Returns domain name extracted from excel file"""
+        # already provide rack information.
+        """ Creation of an ExcelParser object to store site information.
+        The information is obtained based on a excel spec yaml file.
+        the excel file from where site specific data can be extracted.
+        """ Extracts raw information from excel file based on excel spec"""
+            vlan_name contains "ksn or calico"  the network name is "calico"
+            vlan_name contains "storage" the network name is "storage"
+            vlan_name contains "server"  the network name is "oam"
+            vlan_name contains "ovs"  the network name is "overlay"
+            vlan_name contains "oob" the network name is "oob"
+            vlan_name contains "pxe" the network name is "pxe"
+            # Make a pattern that would ignore case.
+        """ Format dns and ntp server list as comma separated string """
+        """ Mapping hosts with rack ids """
+        """ Format rack name """
+# Copyright 2018 The Openstack-Helm Authors.
+# Copyright (c) 2018 AT&T Intellectual Property. All rights reserved.
+      # NEWSITE-CHANGEME: Populate with each worker group (should equal the number of site racks).
+      # This group ensures a percent of success is achieved with the compute deployments.
+  # NEWSITE-CHANGEME: Environment proxy information.
+  # should be commented out.
+  # them with the correct values for your environment.
+  # 9100 for maximum compatibility.
+      description: Service account signing key for use by Kubernetes controller-manager.
+# services are not affected by primary vs secondary designation.
+# for cpu isolation (for nova pinning), hugepages, and sr-iov.
+# Example manifest for ingress cert.
+# Shall be replaced with proper/valid set.
+# Self-signed certs are not supported.


text:
A Brief Look at Jewish Wealth
February 7, 2019 /21 Comments/in General /by Thomas Dalton, Ph.D.
Throughout history, the power and influence of the Jewish Lobby has been legendary. This power in turn derives not from political might, nor from popular support, nor from moral rectitude, nor from God. It is, simply, the power of money. The wealthy have always held disproportionate influence in their societies, typically to the benefit of individuals or their families. But when a distinct ethnic minority works more or less collectively, with great wealth behind them then that minority can exercise massively disproportionate power. This power is amplified by Jewish power deriving from ownership of media in the media age, their position as creators of media content (here, p. lvi), and their influence on elite culture, particularly in the academic world.
Too often, though, one reads fulminations on the "rich Jews" without knowing the history and without any facts or details behind it. My intent in this short essay is to provide some factual data, and to draw some plausible conclusions. The situation is, I think, more extreme than many have assumed.
As usual, a bit of history is helpful in order to establish the context for the present day (see also Andrew Joyce, e.g., here, and here). The earliest connection between Jews, money, and power seems to come from Cicero, around 59 BC. His speech Pro Flacco offers a defense of a Roman propraetor in Asia by the name of L. V. Flaccus who was charged with embezzling Jewish gold shipments destined for Jerusalem. (Recall that Rome conquered Judea just some four years prior.) Cicero begins with a telling statement:
You know what a big crowd it is, how they stick together, how influential they are in informal assemblies. So I will speak in a low voice so that only the jurors may hear; for those are not wanting who would incite them against me and against every respectable man.
Cicero is clearly mocking the Jews, but their power must have been well-known by that point or else his jibe would be pointless. He proceeds to give a rousing defense, citing Flacco's "act of firmness, to defy the crowd of Jews" and their "attempt to fix odium on him."
A second early allusion to Jewish wealth comes from Emperor Claudius in his third edict of 41 AD. Addressing civil unrest in Alexandria, Claudius singles out the Jews, who live "in a city which is not their own." "They possess an abundance of all good things" but abuse their wealth by continuing to oppose local authorities and sowing general discord. In a sense, writes Claudius, the Jews could be blamed "for fomenting a general plague which infests the whole world."
Then in 100 AD we have the well-known critique by Tacitus, in his Histories. Amidst a discussion of "the race of men hateful to the gods"—a people who are "base and abominable," as well as "depraved"—he remarks that the Diaspora Jews, "the worst rascals among other people," have worked relentlessly to send "tribute and contributions to Jerusalem, thereby increasing the wealth of the Jews." It's clear that this wealth was used for pernicious ends.
Around the year 220, Cassius Dio wrote his Roman History in which he describes the second and third Jewish uprisings, of 115 and 132 AD, respectively. Of the latter event, Dio explains that "Jews everywhere were showing signs of hostility to the Romans." And they were evidently able to use their wealth to bribe others into coming to their aid: "many nations, too, were joining them through eagerness for gain." Clearly it must have taken considerable wealth to pay "many nations" to fight at their side. And evidently the Jews succeeded in drawing in a multitude of others: "the whole earth, one might almost say, was being stirred up over the matter."
Though they would lose in that uprising, the Jews managed to regroup and reassert their power—a power that had become legendary by 300 AD.[1] It was at this time that Justin the Historian wrote his lengthy treatise Historiarum Philippicarum. Book 36 addresses the ignoble origin of the Jewish people and explains the growth and cohesiveness of this singular tribe. Their pragmatic theology merged religion with politics in a way that proved to be highly successful; as a result, "it is almost incredible how powerful they became."
Powerful, indeed. Around 420, the Roman poet Rutilius Namatianus could write, in his De redito suo, of the Jews' ability, despite their being formally defeated by the Romans, to continue to exercise a dominating influence: "'tis their own conquerors that a conquered race keeps down."
Middle Ages to the Present
After the collapse of Rome and during the early rise of the Church, Jews continued to amass wealth and exercise power. We know this because they, as a small minority, still had the power to influence rulers throughout Europe. Charlemagne's son Louis the Pious (778–840), emperor of the Holy Roman Empire, notably catered to the Jews, enacting a charter of privilege for them. This was a pragmatic move because, as Bacharach explains, Jews of that time were "militant, aggressive, and powerful."[2]
Much of their power and wealth derived from usury, which accelerated during the early Renaissance. By the time of the Fourth Lateran Council of 1215, Pope Innocent III was prepared to enact canons targeting Jewish usury. "The more the Christians are restrained from the practice of usury, the more are they oppressed in this matter by the treachery of the Jews…" (Canon 67). Not being subject to Christian moral restrictions, the Jews dominated finance and lending at interest, profiting immensely. This situation drew a rebuke from Thomas Aquinas: "It would be better for [royalty] to compel Jews to work for a living…than to allow them to live in idleness and grow rich by usury."[3] It was still a problem for the Church 300 years later, as Martin Luther felt compelled to comment critically, calling the Jews "thieves and robbers" who profit "by means of their accursed usury."[4]
The secular world also took note of Jewish wealth and power. As early as 1798, German philosopher Immanuel Kant could make this surprising assessment: "the wealth of the Jews…apparently exceeds per capita that of any other nation at the present time."[5] In 1823, Lord Byron's poem "The Age of Bronze" remarked on the fact that "all states, all things, all sovereigns they control." Indeed: "'Tis gold, not steel, that rears the conqueror's arch." In 1843, Bruno Bauer wrote that "The Jew…determines the fate of the whole [Austrian] Empire by his financial power. The Jew…decides the destiny of Europe."[6] And perhaps more than Europe. In an essay of 1860, Ralph Waldo Emerson remarked on Jewish toughness, brought on by years of persecution and suffering: "The sufferance which is the badge of the Jew, has made him, in these days, the ruler of the rulers of the earth."[7] In 1880, Laurent Oliphant could write of the Jews' "financial operations of the largest scale." "Owing to the financial, political, and commercial importance to which the Jews have now attained," they have become an indispensible ally in any future conflict.[8] A decade later Goldwin Smith confirmed this view: "Judaism is now [as of 1894] the great financial power of Europe, that is, it is the greatest power of all."[9]
It was around this time that a French journalist named Edouard Drumont published a large and relatively influential book titled Jewish France (1885). Here he made a shocking and frankly unbelievable claim: "Jews possess half of the capital in the world." Commenting specifically on France, he noted that the total wealth of that nation was around 150 billion francs, "of which the Jews possess at least 80 billion"—that is, slightly more than half.[10] One is taken aback at such claims; 'impossible,' we say. Obviously Drumont was somehow mistaken.
Naming Names
Or perhaps not. Consider the present-day situation in the United States. Of the 10 richest Americans, five (50%) are Jews: Mark Zuckerberg ($72B), Larry Page ($60B), Sergey Brin ($59B), Larry Ellison ($54B), and Michael Bloomberg ($50B). Most of this money comes from the high-tech industry: Facebook (Zuckerberg), Oracle (Ellison), and Google (Page and Brin).[11]
Of the 50 richest Americans, at least 27 (54%) are Jews.[12] In addition to the above five, we have S. Adelson, S. Ballmer, M. Dell, L. Blavatnik, C. Icahn, D. Moskovitz, D. Bren, R. Murdoch (likely part Jewish), J. Simons, L. Lauder, E. Schmidt, S. Cohen, C. Ergen, S. Schwarzman, R. Perelman, D. Newhouse, D. Tepper, G. Kaiser, M. Arison, J. Koum, S. Ross, and C. Cook. Technically, this list should also include George Soros, whose net worth was around $26 billion until he 'donated' $18 billion to his own charity in early 2018. The combined wealth of these 27 individuals comes to roughly $635 billion. Note: If Jews were proportionately represented among the top 50, there would be one individual on this list; instead, there are 27.
Or take another measure of wealth, CEO income.[13] Among the 10 highest-paid American CEOs, four (40%) are Jews: Leslie Moonves[14] (CBS), Nicholas Howley (TransDigm), Jeff Bewkes (Warner), and Stephen Kaufer (TripAdvisor). Among the top 35, no less than 19 (54%) are Jews; in addition to the above four are D. Zaslav, S. Catz, A. Bousbib, R. Iger, M. Rothblatt, S. Wynn, M. Grossman, J. Sapan, B. Jellison, R. Kotick, J. Dimon, L. Fink, B. Roberts, L. Schleifer, and S. Adelson.
Thus, whether looking at total assets or income, data shows that, in America, Jews in fact own or control about half of the wealth—at least among the wealthiest elite. These people are the movers and shakers of our political process, and if the political situation was perceived by Jews as a crisis, the amount of money that would be poured into the political process is almost beyond comprehension.
Let's draw a plausible inference. If Jews control around half of all wealth at the top, it is reasonable to infer that they may hold a similar share throughout the wealth hierarchy[15]—at least among, say, the top 20% of wealth-holders, who collectively own more than 90% of all household wealth in the US. At any rate, the following is an attempt to use that inference to estimate total Jewish wealth in the U.S.
So, how much money is this? In 2018, the Wall Street Journal reported that the total assets of all private households in the US hit $100 trillion for the first time ever.[16] If American Jews own or control half of this, then it comes to some $50 trillion.
Now, this demands a moment of reflection. If Drumont's numbers were shocking, this one is absolutely jaw-dropping. Think of it: American Jews possessing $50 trillion—or for those numerically challenged readers, 50,000 billion dollars. If the true numbers are anything close to this, perform this thought experiment: Think of how much power one man with one billion dollars possesses; now consider the equivalent of 50,000 such individuals, working more or less in unison. That's the financial power of American Jewry.
Take a specific example. Tom Steyer is typical of a middling Jewish billionaire, with net assets of merely some $1.5 billion. But he is exceptionally active in the political scene, as anyone who has been following politics knows. Steyer is a top donor for the Democrats, and is leading the national charge to impeach Trump. In 2018 it was announced that he would spend $110 million "to redefine the Democrats"—to his liking, of course. This made him "the largest single source of campaign cash on the left," and put him on the road "to create a parallel party structure" of his own. If one minor but motivated billionaire can do this, think of what the equivalent of 50,000 billionaires can do.
Of course, there are nowhere near that many American billionaires. In fact, the total number (Jews and non-Jews combined) was recently estimated by Forbes to be just 585. If the above analysis is roughly correct, around 290 of these are Jews. Their total wealth would then be about $1.5 trillion.
We can press a bit further. Depending on how we define them, there are something like 6 million Jewish Americans. These 6 million therefore control, on average, about $8 million per person—$8 million for every Jewish man, woman, and child. A typical family of four would thus own about $32 million. Not a bad living.
And then consider the Jewish "1%", which comes to about 60,000 individuals. If the same rough distribution holds among them as among the public at large, then this top 1% owns about 35% of total Jewish wealth. Thus, the top 60,000 Jews would own about $18 trillion. The remaining $32 trillion would therefore be divided amongst the other 5,940,000 Jewish Americans, yielding a still mind-boggling more than $5 million per person.
Some Troubling Questions
At this point, a whole variety of further questions arise: Apart from the named individuals, who else pulls the strings on all this wealth? As I said, the top 27 only account for slightly more than half a trillion dollars. The top 290 richest Jews own around $1.5 trillion. And the top 60,000, around $18 trillion. Who are these people? Apart from the handful at the very top, can we even begin to know who the other leading individuals are?
And what form is this wealth in? Cash? Stocks? Real estate? Precious metals? (Do Jews still hoard gold?) All of the above, no doubt. But where is the cash? Which stocks? Which real estate? Foreign or domestic?
And then the larger questions: What, if anything, can be done about this? Simply on the face of it, it seems grossly unjust for, say, 60,000 Jewish Americans to own around $18 trillion in assets. Especially when the bottom half of Americans—about 160 million people—own a combined total of about $0.3 trillion. And when the bottom 25% of Americans—around 80 million people—have a negative net worth, i.e., more debt than assets. This is not an accident, and it's not just bad luck. The wealth distribution system in America is designed to achieve this outcome, and Jews earn a hugely disproportionate benefit from it.
What could be done to ensure a more just allocation of national wealth? In the old days, circa 100 AD, Roman authorities instituted a fiscus Judaicus, a 'Jew tax,' precisely to offset the extra cost burden placed on society by Jews. Dare we suggest reinstating such a thing? A few trillion dollars could go a long way to right the wrongs of modern society.
Unrealistic, you say. Perhaps. But it has to start somewhere. Someone needs to raise these possibilities in print, in public, in order to begin the conversation. Stranger things have happened in the past. Stranger things will surely happen in the future.
Thomas Dalton, PhD, is author of Debating the Holocaust (2015) and The Holocaust: An Introduction (2016).
[1] See Kevin MacDonald, Separation and Its Discontents (Chapter 3) for an account of Jewish wealth and power in the fourth century and particularly the concern with Jews enslaving non-Jews.
[2] Early Medieval Jewish Policy and Western Europe (1977), p. 104.
[3] De regimine judaeorum, 81-88.
[4] On the Jews and Their Lies, p. 242.
[5] Anthropology (1798/1978), p. 102.
[6] Cited in Marx, "On the Jewish Question," The Marx-Engels Reader, 1978, p. 49.
[7] "Fate", in Conduct of Life (1860).
[8] The Land of Gilead (1880), p. 503.
[9] Essays on the Questions of the Day (1894), p. 260.
[10] In The Jew in the Modern World (Mendes-Flohr and Reinharz, eds.), 2011, p. 315.
[11] Some claim that the single richest man, Jeff Bezos of Amazon ($156B), is either wholly- or part-Jewish, although this seems to be unsubstantiated. But Amazon does seem to regularly defend Jewish interests, as in their censorship of books that challenge the Holocaust narrative, and in their illegal blockade of alternate translations of Mein Kampf. And he retained Jewish chief editor Martin Baron when he bought the Washington Post.
[12] Data from Bloomberg Billionaires Index, accessed August 2018.
[13] According to the New York Times (25 May 2018).
[14] Moonves has of course since been fired for sexual harassment claims against him.
[15] There is some evidence that the Jewish percentage declines as we consider the broader pool of wealth. In 2009, Steve Sailer estimated that, of the 400 richest Americans, around one-third were Jewish. But this is a 10-year-old analysis, and I am not aware of any more recent assessment. In fact the proportion of wealthy Jews may well have increased since then.
[16] https://www.wsj.com/articles/u-s-net-worth-surpasses-100-trillion-1528387386
https://www.theoccidentalobserver.net/wp-content/uploads/2018/06/too-featured-image-placeholder-350x350.jpg 350 350 Thomas Dalton, Ph.D. https://www.theoccidentalobserver.net/wp-content/uploads/2018/06/TOO-Full-Logo-660x156-1.png Thomas Dalton, Ph.D.2019-02-07 00:02:282019-02-06 20:02:53A Brief Look at Jewish Wealth


text:
Big Ten Football
Off the Beaten Path: How to Return Illinois to Relevance // B1G 2019, Illinois Potluck #1
A fresh coat of Syracuse orange and blue? A hockey team? ...a caretaker football coach? We open the floor for how to fix Illinois football.
By MNWildcat May 13, 2019, 2:00pm CDT
Share All sharing options for: Off the Beaten Path: How to Return Illinois to Relevance // B1G 2019, Illinois Potluck #1
We're going to break things down a little differently for Illinois Week -- given Thump's instructions, it's probably easier to get drunk on Monday and hope we can just ride that out for the week.
Illinois Fighting Illini Football Cocktail Party Preview: Are They Playing For Something? // B1G 2019
It's been a rough go for the last decade or so of Illinois football, marked by losing seasons, coaching disasters, and even failed ventures into the Chicago market—both canceling a stupid idea in Evanston and losing games. At Soldier Field this decade, Illinois is 0-3, with losses to Washington (34-24 in 2013), Northwestern (24-14 in 2015), and South Florida (25-19 in 2018).
Question #1: More than Chicago?
Beer: Illinois is, however, decidedly more than Chicago, just as Minnesota is more than the Twin Cities and wisconsin is more than Madison and Milwaukee. When I was in Murphysboro, though, I learned that the breweries of Southern Illinois were omitted from a map put out by the Illinois Craft Brewers' Guild -- that's a damn shame!
So rather than just re-hash the horseshoe sandwich, tell us about a brewery--or a restaurant, if you must--that's off the beaten trail in your state. Preferably we're talking from a brewery well outside any metropolitan area, but anything you think fits is good!
WhiteSpeedReceiver: On a recent trip up to visit family in the central part of the state, I visited Spilled Grain Brewhouse in Annandale, MN.
Beer wise, I don't know that many places outside of the big metros like Evansville, Fort Wayne, and LaOtto.
And unlike nearly everything else in the area, it was pretty damn good. I had a Kinnikinnick Kream ale and a Bungelow Island Stout, and am planning another trip to go golfing with my dad just to have an excuse to stop in there again.
LincolnParkWildcat, part of the problem: Given that I live in Chicago and don't travel as much outside of the area, I can't speak too much for the wonderful breweries in the rest of Illinois. When I do travel, I try to seek out a local brewpub and get something brewed on site or local.
babaoreally: Beer wise, I don't know that many places outside of the big metros like Evansville, Fort Wayne, and LaOtto.
But it was mentioned that a restaurant was acceptable, so let's go with the Log Inn in Haubstadt. It's not really that far from Evansville, but I am going to count it. It was built in 1825. In 1844 Abraham Lincoln stopped there when it was a stagecoach stop. Now they just make really good fried chicken and mashed potatoes and gravy.
87townie: I'm excited about a craft brewery opening up on my little island. I know the folks involved and they are taking it seriously. They want to brew for export. I'm looking forward to trying it as they develop their brews.
I hope that next year, when this question pops up, I'll be able to brag about the beer here in No.Fla. And say, with my nose in the air, "I knew about that place before it was even built…"
Ray Ransom: I'm too hungover and sad from the Sixers loss last night so imma skip this one. Also I tried Carton and it was trasche bread beer.
MNW: Don't worry, Ray. I'm sure you'll bounce back. Maybe four times!
I will provide an off-the-beaten-path recommendation for each Midwestern state I spend semi-serious time in, because I know that is what you want:
Illinois: If you're ever downstate, hit up Route 51 Brewing Company just outside Elkville. They do about 4 different sours and fruited beers that are excellent, but they balance those with delicious BBQ and a range of smoked and spicy beers that play really well with it.
Iowa: Alluvial Brewing Company, a few miles north of Ames. A wide range of odd offerings, beautiful taproom, fun trivia night. I took a crowler of their Hawaii '78 sour away (it was really creamy and good), but other winners at the bar appeared to be the Runaway Coffee Blonde and one I enjoyed, the Vienna lager.
Minnesota: On the way up to Duluth and the North Shore, hop off I-35 and stop at Moose Lake Brewing Company for a few crowlers to take to the lake. Cabiny feel if you want to stop and enjoy, otherwise grab the IPA, juicy APA, or a really nice couple of blonde ales (one with mango, I believe)! If you're going south/west, Marshall's Brau Brothers is a big winner.
North Dakota: Tough to be on the beaten path (or not in a big city) for either of these, but if you go to Fargo, peel off I-29 in West Fargo (maybe? maybe it's still Fargo?) for a Kilstone Brewing Company's watermelon wheat beer. I brought a growler home to the wife and she was relatively happy with me for a change. Of course, Drekker and Fargo are still big winners in town, too.
South Dakota: I was really disappointed to hear that my Pierre brewery recommendation, Bill of Rights, closed last fall because they couldn't crack the macrobrewery hold on South Dakota. SO it's really just breweries on either end of the state, in Sioux Falls or Rapid City. Of course, a nice stop-off in Brookings at Wooden Legs Brewing is worth it—they do a smoked porter that is [/kisses fingers].
wisconsin: It's in its own little micropolitan area, but O'So Brewing in Plover—just outside Stevens Point—is tops for sours, so if you're headed north on I-39, pick some up. And you'll also want to go to Central Waters in Amherst, which is actually off the beaten path and does a number of great darker beers and barrel-aged stuff. Otherwise, if you're in the Twin Cities but heading into western wisconsin, swing through Somerset on WI-35 for Oliphant Brewing and Honees Honees peanut butter ale.
Tell us about your favorite off-the-beaten-path breweries or restaurants in the comments!
Question #2: How long for Lovie?
Illinois football has been, by any objective metric, just God-awful in the Lovie Smith Era: In Math-Even-I-Can-Do fashion, the Illini have averaged a 3-9 record over Lovie's tenure (9-27), nabbing just over a win a season in the Big Ten (4-23). And yet, at the end of the 2018 season, because they were "handcuffed" by his contract, Illinois extended Lovie through 2023.
And yet, somehow, the praise just keeps coming for Illinois Athletics Director Josh Whitman. Investigation of Brad Underwood? No criticism. Instead, let's get some fawning pieces from The Athletic and the Herald-Review (click on the latter if you like your local newspaper, the former if you hate the newspaper industry). Things march on at Illinois, and the press seems to agree--the right man is helming the Athletics Department.
Football: With that in mind, friends, sum two things up for us:
[1] As Illinois modernizes and expands, is Lovie Smith an integral piece of the program moving forward, or a quaint piece of a program gone by, a caretaker getting the Illini through to the next hot coaching prospect? How long does he last?
[2] Illinois is maybe, possibly, adding hockey. Is this brilliant, or batshit? What program should your school add, and how's the Athletics Department been?
Jesse Collins: Oof. I mean, it's sort of damned if you do, damned if you don't, right? If you're the Illinois Athletic Department, Lovie Smith is a pretty decent coach. He's got the obvious resume—NFL isn't a guarantee of success, but neither is MAC Assistant of the Year—and he seems to like it there well enough. However, he's never going to be the guy that makes Illinois relevant.
But like, what…do you want Beckman? It's just not a winnable situation until you find someone with ties to the program or area who is amazing and just wants to see Illinois succeed.
(2) I like it. Hockey is a fun, potentially revenue-generating sport that seems to be propped up by the conference. Go for it, you know? It cuts into…basketball I guess? Whatever. Make it happen. As for Nebraska, I think that's probably the same sport I'd like to see added, but for various reasons - real or not - I just don't see it happening. That said, we landed Frost and Hoiberg. Who the hell knows if it works out, but that's a decent haul by the AD. No complaints right now.
WSR: (1) He's an anchor and a very good symbol of Illinois athletics. He's a symbol of "Hey, this used to work. Let's throw money at it and hope it repeats itself."
The recruiting has been questionable, the on-field results (Rob Smith firing-inducing beatdown aside) have been poor, and he doesn't appear to know how to build the staff. But other than that, he doesn't seem to be having any issues at Illinois. Maybe when they fire him they could hire Barry Switzer or Mack Brown to be their next head coach...wait. Mack Brown? Nobody would be that stupid.
As far as Lovie Smith? He reminds me of Ron Gardenhire in Detroit.
(2) A hockey program? That's a brilliant idea. Minnesota should think about adding a a hockey program too!
LPW: I like Lovie Smith due to his work with the Bears, but I'm not sure he'll succeed in Chambana. I get it, Beckman left him a mess and it takes a few seasons to do a complete rebuild, but I just can't shake the feeling he's coasting until he calls it a career. He might just shock the world soon, but I still see mediocrity. So long as the Hat remains in Evanston and not Chambana I'm happy.
2. Illinois adding hockey seems ok, but where's the money for this coming from? My home state is in debt, and that leads for lower funding for UIUC. I'm really not sure what Northwestern could add given we have no land to build anything anymore (unless a rich alumni gives us more money to build into Lake Michigan).
3. I'm quite happy with how Jim Phillips has been running Northwestern's athletic department. The lakefront facility is awesome, and I can't wait to see what he does with Ryan Field.
If I were Josh Whitman, then, I would worry about becoming Joel Maturi.
baboreally: Lovie lasts until he decides he doesn't want to coach at Illinois anymore. Regardless of record, you have to let legends that have had great success at your school in the past retire on their own terms. Any action to usurp Lovie Smith at Illinois would be akin to treason against the game of football.
2. It's dumb to add hockey. Purdue should build a dedicated curling facility. Our athletic department has been pretty daggone good with Mike Bobinski calling the shots.
87townie: Lovie Smith is a bad college football coach. Let's just get it out there. Under Lovie, this team is a rutger conference win. That's bad. Really bad. And I thought Lovie would be a great fit at Illinois, but come on...the data shows he's not good.
He's verifiably terrible. He's been here long enough to get his own guys in. But he is at the bottom of the B1G in recruiting (13th this year, 12th last year). And his record is abysmal. They pay him $5 million a year and his record is 9-27...GTFO.
And, in absolute Illinois fashion, they extended him...after a 63-0 loss to Iowa! No wonder Thump sounds like Eeyore all the time. I would too, rooting for this shit show. And it isn't getting better any time soon. The AD sounded defeated when he announced the extension, because he was.
Lovie's agent is better at contracts than Lovie is at football. The guy had a $12 million buyout clause in his 6 year contract. So, Illinois ain't getting rid of Lovie anytime soon. And it looks like this is the status quo until they do get rid of him.
Ray: Lovie strikes fear in me.
Regardless of record, you have to let legends that have had great success at your school in the past retire on their own terms.
I mean, I know everyone strikes fear in the heart of Rutgers fans right now, but something about that dude makes me worried about the future of Illinois. In that I'm worried they'll get good. While he may have his issues, he's a legit coach with a legit resume who provides legitimacy for a program that we really need to be illegitimate. So, I say he's an unfortunately integral part and he's going to be there for the long haul with a Greg Schiano-like success curve. I really, really hope I'm wrong here.
2. Absolutely. I can't fathom why they don't have one already. As for dear old Rutgers, we need our men's swim team back. NJ is a hub for swimming, but due to Title IX restrictions we had to nix it a while back. As a former competitive swimmer and current masters swimmer, I'm totally biased, but we should be in there like swimwear. Come on Hobbs! Make it happen!
MNW: LPW has already noted how well Northwestern Athletics is doing under Jim Phillips, to the point that Phillips is being touted as a replacement for Jim Delany as Big Ten Commissioner.
As far as Lovie Smith? He reminds me of Ron Gardenhire in Detroit. The administration has realized that Lovie won't succeed, and at this point they're trying to shore up the program—read: make sure Brad Underwood isn't taped throwing basketballs at players—so that everything else is shipshape when it becomes time for another football hire.
If I were Josh Whitman, then, I would worry about becoming Joel Maturi. Or maybe that's what Whitman wants—a few successful non-revenue programs that give him the cache to stick around while the revenue sports burrow deep, deep into the ground. I can't see that being what the Illini fanbase wants, and I don't think hockey is a panacea for their systemic ills, but it'll keep generating Whitman the headlines he wants while the program flounders.
How much longer does Lovie last?
Mid-season firing
Quietly put to pasture after the 2019 season
Mid-2020 firing
After the 2020 season
2021 season or beyond


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FPO Terry Ware (TJ Ware Forest Consultants) explains to government departmental staff, NRM groups and Huon District councillors how a forest practices plan is designed and put into practice.
The objective of the earth sciences section in the FPA's Earth Sciences and Cultural Heritage Program is to ensure that forest operations do not result in unacceptable rates of soil or stream erosion and that water quality and stream flows are maintained at acceptable levels. The program also seeks to improve the protection and management of geological heritage sites within forests, including the extensive and land-use sensitive karst systems (caves, related landforms and subsurface water flows) found in calcareous rocks.
conducting research and monitoring to promote improved understanding and management of forest soils, geological and water values.
The earth sciences section provides advice to Forest Practices Officers (FPOs) by responding to enquiries received through the formal notification system . Many of these enquiries require coupe inspections with the FPO planning harvest and reforestation. Enquiries and notifications are received on topics as diverse as landslide risk, soil and stream erosion, sites of geological significance such as moraines or fossil localities, and occurrence of karst landforms including caves. Some notifications involve close cooperation with specialists in other disciplines.
The scientist in the earth sciences section worked together with an FPO to devise prescriptions that would protect eroding streams in a coupe in the Huon River catchment (see image on right), and at the same time provide habitat for the little Denison crayfish, the Mt Mangana stag beetle and two eagle nests nearby. The plan involved harvest of native forest in sections (see photograph) separated by wide streamside reserves, as well as large reserves around eagle nests.
The program also trains FPOs to help them use tools developed for land-use assessments, such as the Guidelines for the protection of Class 4 streams and the Forest sinkhole manual. In addition it conducts training courses to improve general knowledge, for example, courses in rock identification and geological processes. Other field days are on specialist topics like how to construct road batters in highly erodible soils in order to limit erosion.
The third function of the earth sciences section is to conduct research and monitoring to support development of the Forest Practices Code, to keep ahead of current issues, and to monitor effectiveness of the code and specialist prescriptions. Current and recent research includes documenting the erosion history of Tasmania, investigation of rock formations on Blue Tier, the stability of ancient landslides in dolerite terrain and identification of low-altitude glacial deposits in the Picton Valley and on the west coast.
The earth sciences section also supports the Chief Forest Practices Officer and other programs of the FPA where necessary, for example by providing expert evidence in Tribunal cases, assisting with the investigation of complaints, developing the Forest Practices Code, and improving public awareness on how the forest practices system works. It also works with other government agencies to improve scientific knowledge, for example, by providing new information to update the Tasmanian Geoconservation Database curated by DPIPWE.
Tasmania's forests have long been seen as lands of opportunity for adventurous and skilled people. Their ventures into the forests have left behind heritage sites and artefacts that are called archaeological sites. These places can tell the stories of the people who made them, what they were doing in the forests and even the dates that they were active in the bush.
The first to visit Tasmania's forest were the indigenous tribes, the Tasmanian Aborigines. They hunted the forest animals, harvested the plant foods and sought raw materials such as ochre and fine grained stone sources to make their tools. Evidence of these activities can be found in caves and rock shelters as well as open sites in preferred locations. These sites are held in high regard by the Tasmanian Aboriginal community. With the settlement of Tasmania by the British, the forests have seen attempts to extract some riches from this harsh environment. Timber getters set up small mills to saw the timber required to build the towns and cities and brought the timber in from the bush on wooden tramways to the markets. The remains of hundreds of these sawmills can still be seen in the forest to this day.
The mining boom dating from the 1870s has left numerous sites in the forests, such as: the mine itself; the processing areas; transportation infrastructure and mining settlements, including towns; and individual miner's cottages. There is estimated to be around 1000 km of water races winding their way along in the forest. These races were constructed to bring water to the mines to separate the gold and tin from the earth and to run steam engines.
All significant archaeological sites are protected under the Forest Practices Code.
The FPA employs heritage experts, as well as providing training to Forest Practices Officers, to ensure that these sites are protected.
Today, native and plantation forestry is responsible for part of the ongoing scenic change seen in the landscape. Sometimes forestry is barely noticeable, at other times it is visible but well integrated within the scenery and, less frequently, it may appear as a prominent change in the local scenery.
In recognition of the potential scenic effects of forestry on the landscape, operations are designed and managed to limit or avoid disturbance and to be as far as possible visually integrated within the scenery. Planning aims to achieve a balance between forestry operations, including harvesting, and the protection of the scenic quality and the character of the landscape. Forest practices planning takes account of: the viewing popularity (such as lookouts, scenic vistas and settlements); the prominence and visibility of operations to people; and the visual character and diversity of the landscape at the local scale. These aspects provide forest planners with a guide to analysis of the acceptable level of visual change for individual areas of the landscape.


Please note- to keep package prices reasonable the logo is only designed for the site itself in this package. If you wish to have the logo usable for all print and web projects moving forward, as well as have those files released to you via email, you will need to purchase the first option below. It is against my terms to use the logo from your site for any other purpose if this add-on is not purchased.


text:
Transportation 2021-11-15T23:14:19Z
The UN responded to Elon Musk's challenge to prove how his wealth could tackle world hunger by revealing a $6.6 billion plan
The world's richest person said he'd sell billions in Tesla stock and donate the proceeds if the UN could show how it would address world hunger.
International 2021-10-27T06:00:34Z
A one-time $6 billion donation from Musk, Bezos, and other billionaires could save 42 million people from starvation, World Food Programme director says
The executive director for the UN World Food Programme, David Beasley, said 42 million people across the globe were "knocking on famine's door."
Markets 2021-06-22T13:46:43Z
Cryptocurrencies and blockchain technology could help fight the climate crisis and make the global economy more sustainable, UN report says
"One of the most useful aspects of cryptocurrencies, as far as the UN is concerned, is transparency," the organization said.
Media 2017-08-21T17:20:21Z
The World Food Programme taps into mobile to tackle Nigeria's food crisis