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Current Hurricane Activity Raises Questions About The AMO – What Is It And Why Is it Relevant?

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Have you taken a look at satellite view of the tropics right now? Hurricane Humberto, a major hurricane, threatens Bermuda. The remnants of Tropical Storm Imelda are drenching Southeast Texas, and several potential systems lurk in tropical regions that we look to at this time of the year. National Hurricane Center tropical meteorologist Eric Blake captures it best in this Tweet:

Anyone want a tropical storm? They are forming like roaches out there! 6 at once in both basins combined is thought to tie a modern NHC record , with two other disturbances adding the cherries on top of a crazy busy day!

Eric Blake, National Hurricane Center on Twitter

The hurricane basins of the Eastern Pacific and Atlantic are very active as seen in the picture below that I took at The Weather Channel early Wednesday morning. While likely not at the forefront of your thought processes this week, this active week prompted me to wonder about the status of something called the Atlantic Multidecadal Oscillation (AMO). What is it and why am I bringing it up during hurricane season?

According to the University Corporation for Atmospheric Research (UCAR) website, the AMO is:

a coherent mode of natural variability occurring in the North Atlantic Ocean with an estimated period of 60-80 years. It is based upon the average anomalies of sea surface temperatures (SST) in the North Atlantic basin, typically over 0-80N.

Kevin Trenberth, Rong Zhang, and NCAR Staff: The Climate Data Guide: Atlantic Multi-decadal Oscillation (AMO)

The AMO has been at the center of many of the discussions about whether hurricane activity changes naturally or is being affected by climate change. I remember a particularly vigorous debate about these topics after the anomalously active 2005 hurricane season that gave us Hurricane Katrina and a series of storms taking on “Greek-letter names.” I haven’t heard as much about it recently, but it is still a “thing.” I often found the AMO-natural variability or anthropogenic climate change debate to be silly. I continue to be baffled by why these things are framed as “either/or” rather than “and.” The current scientific literature suggests the climate change signal on hurricanes will likely be apparent in intensity, forward motion, and surge inundation. The outstanding NOAA GFDL page on hurricanes and climate change points out that there is less conclusiveness on frequency. However, natural climate variability like the AMS is certainly in the mix. A 2017 study in Nature Scientific Reports argues that a negative AMO is emerging in spite of a warm subtropical region. A negative or cool phase is typically associated with fewer Atlantic hurricanes (graphic below).

I reached out to tropical expert Dr. Phil Klotzbach to get his latest thoughts on the AMO, and how this all aligns with what he is seeing in recent years. His group at Colorado State University issues seasonal hurricane forecasts. In their August update, they called for a “near normal” season in terms of activity.

I posed the question to Dr. Klotzbach, “So what’s going on with the AMO right now?” His answer:

That’s the million dollar question. The winters have looked like a very negative AMO with a cold SST tripole. But those cold anomalies have been much weaker in the summer when the far North Atlantic has a much shallower mixed layer.

Dr. Phil Klotzbach, CSU Tropical Meteorology Project

Dr. Klotzbach also told me that when he examined sea surface temperature differences (SSTs) from 2014-2019 minus 1995-2012 averaged over the period August to October (excluding 2019), the far North Atlantic remains colder but the tropical Atlantic SSTs haven’t shown much change. Klotzbach goes on to say:

There has been quite a bit of discussion about a weakening of the Atlantic Meriodional Ocean Circulation (AMOC) in the literature – including a couple of high profile papers published in Nature. The cold SST in the far North Atlantic bares that point out. However, the connection between the polar regions and the tropical regions doesn’t seem to be there during the summer months. Normally a cold far North Atlantic drives a stronger subtropical which drives stronger trade winds that then anomalously cool the tropical Atlantic. This has certainly been the case in the winter months, but the relationship has broken down in the summer

Dr. Phil Klotzbach, CSU Tropical Meteorology Project

I am providing links to 2017 and 2019 studies, respectively, in the Nature Climate Change.

Ultimately, September is a climatologically-active month so there is nothing unusual about seeing tropical waves, depressions, storms and hurricanes at this time of year. Eric Blake’s tweet just inspired me to revisit what people are thinking about the AMO since it was such a hot topic after the 2005 hurricane season.

Follow me on Twitter. Check out my website.

Dr. J. Marshall Shepherd, a leading international expert in weather and climate, was the 2013 President of American Meteorological Society (AMS) and is Director of the University of Georgia’s (UGA) Atmospheric Sciences Program. Dr. Shepherd is the Georgia Athletic Association Distinguished Professor and hosts The Weather Channel’s Weather Geeks Podcast, which can be found at all podcast outlets. Prior to UGA, Dr. Shepherd spent 12 years as a Research Meteorologist at NASA-Goddard Space Flight Center and was Deputy Project Scientist for the Global Precipitation Measurement (GPM) mission. In 2004, he was honored at the White House with a prestigious PECASE award. He also has received major honors from the American Meteorological Society, American Association of Geographers, and the Captain Planet Foundation. Shepherd is frequently sought as an expert on weather and climate by major media outlets, the White House, and Congress. He has over 80 peer-reviewed scholarly publications and numerous editorials. Dr. Shepherd received his B.S., M.S. and PhD in physical meteorology from Florida State University.

Source: Current Hurricane Activity Raises Questions About The AMO – What Is It And Why Is it Relevant?

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TurboTax Glitch Led To $216 Million Tax Bill For Thrift Store Worker

Nobody likes getting a tax bill in the mail. It’s especially concerning when your tax bill is a bit higher than you anticipated. But what happens when it’s hundreds of millions of dollars more than you were expecting? Just ask Donna Smith from Aurora, Colorado. Smith, a part-time worker at a local thrift store, got quite the surprise when she opened a tax bill from the Colorado Department of Revenue to find that the state claimed she owed $216,399,508 in taxes.

Smith, who makes about $10 an hour, couldn’t understand the tax bill. To put the amount in perspective, it’s nearly a quarter of the City of Aurora’s entire budget for the year (report downloads as a PDF).

Smith’s returns are self-prepared, of sorts. Her mother, Diana Valencia, prepared Smith’s tax return for 2018 and couldn’t understand what happened. She told 9News that she went back to check the return, saying, “I mean, I thought, ‘Wow, was that an error on my part?’”

Today In: Money

It was an error – but not on Valencia’s part. Valencia used TurboTax to prepare the return. According to the Colorado Department of Revenue (DOR), the TurboTax software made an error tied to Smith’s federal taxable income.

A spokesperson from TurboTax confirmed the error, saying, “For a small number of TurboTax online customers that filed their taxes between June 13-16, there was an issue that caused select fields on their tax return to be incorrectly transmitted during e-file. The issue was quickly fixed and we have been working directly with affected Colorado taxpayers and the Colorado State DOR to help resolve.” If you were affected by the billing error and aren’t currently working to resolve the matter, you should contact the Department of Revenue at (303) 866-4622 to reach a citizen’s advocate.

The Colorado DOR pegged the number of affected taxpayers at 44. That doesn’t mean, however, that a few dozen taxpayers received multi-million dollar tax bills. According to Daniel Carr, Taxation Communications Manager at the Colorado DOR, that number represents taxpayers who encountered the same glitch using TurboTax software during a three-day window in June of this year. “What the taxpayer entered into TurboTax was correct,” Carr said, explaining that “an error in the TurboTax transfer reported incorrect amounts to the State of Colorado.”

The bills went out, explains the DOR, because “[o]n our end it was simply data in data out and we could only process what we were given by TurboTax. We cannot determine the accurate amounts based on the information provided.”

Once the errors were discovered, however, the DOR worked with affected taxpayers. “We have reached out to all of the taxpayers affected and are helping them resolve this issue,” says Carr.

That doesn’t mean that the taxpayers don’t have work to do. According to Carr, “Taxpayers, in this case, who kept a copy of what they submitted are able to send us that copy and we will correct the error. Otherwise, they would have to amend their return.”

(For more information on how to file an amended federal income tax return, click here.)

Mistakes happen all of the time – just maybe not quite this big. No matter the size of the return, taxpayers can protect themselves, Carr advises, by always keeping a copy of filed returns. And if the bill seems out of place? “Contact the Department of Revenue immediately to have it resolved.”

Don’t ignore the problem. That’s good advice for all taxpayers, no matter whether the bill is federal, state or local. In most cases – even when the bill is hundreds of millions of dollars – errors are totally fixable. But don’t wait and hope that it goes away: it’s important to reach out to the respective tax authorities to clear up any problems as soon as possible.

(For more on how to fix a mistake on your return, click here.)

Follow me on Twitter or LinkedIn. Check out my website.

Years ago, I found myself sitting in law school in Moot Court wearing an oversized itchy blue suit. It was a horrible experience. In a desperate attempt to avoid anything like that in the future, I enrolled in a tax course. I loved it. I signed up for another. Before I knew it, in addition to my JD, I earned an LL.M Taxation. While at law school, I interned at the estates attorney division of the IRS. At IRS, I participated in the review and audit of federal estate tax returns. At one such audit, opposing counsel read my report, looked at his file and said, “Gentlemen, she’s exactly right.” I nearly fainted. It was a short jump from there to practicing, teaching, writing and breathing tax. Just like that, Taxgirl® was born.

Source: TurboTax Glitch Led To $216 Million Tax Bill For Thrift Store Worker

I just finished reviewing TurboTax 2018-2019, and I’m excited about how easy it is to use. 💵But, if you don’t qualify for free file (and it’s limited), they are one of the most expensive options for filing your taxes this year. Check out the full article with all the links here: https://thecollegeinvestor.com/20778/… Here’s what we’re going to talk about in this video: ▶︎ Look at the pricing of TurboTax Online 2018 – 2019 ▶︎ See how easy it is to file your taxes and why I like it so much ▶︎ The limitations of TurboTax Free Edition ▶︎ What upsells to avoid and what upsells you should consider Be sure to subscribe: http://www.youtube.com/subscription_c… ★☆★Resources Mentioned in this video:★☆★ 💵TurboTax 2018 – 2019: http://go.thecollegeinvestor.com/Turb… 💵TurboTax Amazon Deal: https://amzn.to/2EctYxn 💵H&R Block Online: http://go.thecollegeinvestor.com/HRBlock ★☆★ Want More From The College Investor? ★☆★ 💻 Check out my blog here: https://thecollegeinvestor.com/ Connect with me on Instagram: https://www.instagram.com/thecollegei…

DISCOVER How You Can AUTOMATE FB Video Ads & Get EVERGREEN & CONSISTENT Leads & Sales FAST

Before even running your ad campaign, you first need to learn about the “flows” which are the general game plans. This way, you’re not just giving money to Mark Zuckerberg and then crossing your fingers, hoping and praying that your ads will work. And because some of you might be using the FB ad platform for the first time, I also added the basics such as creating your FB page and Business Manager account inside – plus on how to get access to your partner’s or client’s page/s as well (great if you want to provide this as a service).

I know you already saw this word gazillion times and it might already bore you. But really, if you want to have a very successful ad campaign, you need to do a proper research. Here, I also showed how to “spy” on the currently winning ads so you don’t have to “reinvent the wheel” by having to do the guess work and test a lot of things. All you have to do is copy what is working and apply them in your own ads.

This is actually the secret that gurus are hiding from you. Here, you can learn how to setup automated video ad campaigns for high ticket type of products. And when I say “automate,” I really mean setting things up once then you can go on vacation and the ad will be running for you, giving you results while doing whatever you want!

  • Get FAST results, without having to rely on SEO and crazy algorithm change
  • GROW your social following and widen your reach to attract more people who are VERY interested with your offers
  • Create almost set and forget AUTOMATED campaigns that can give you results in many months to come, even if you’re away.
  • EASILY retarget your video viewers and website visitors to make them come back and grab your offers
  • Become an instant AUTHORITY in your niche by reaching out to your target audience and make them LOVE what you can offer to them 
  • If you want, you can even build your own FB video ad agency, and offer this as a service to business owners! 

Source: Social Video Ads Zoo

This ‘Force of Nature’ and Her $132 Million Company Are Why You Eat Organic Meat

“It’s the hallway of death!” Ariane Daguin is cheerfully leading a strange parade through a barn’s dim back corridor. Normally, this passage conveys fattened ducks from their feeding pens to the slaughterhouse; today, it marks the end of a sales tour.

This duck farm, nestled in the foothills of New York’s Catskill Mountains, is where it all began for Daguin, a blunt and unfussy Frenchwoman who keeps geese and chickens as pets, and who has spent a lifetime selling slaughtered poultry. D’Artagnan, the gourmet meat distributor she co-founded in 1985, took in more than $130 million last year from organic chicken, grass-fed beef, pasture-raised lamb, and other, more exotic animal proteins. But her business started here, with the ducks of Hudson Valley Foie Gras–and the controversial, luxurious livers that give the farm its name.

And it’s here where Daguin now shepherds her salespeople and chef clients past the oblivious animals, greeting them with her usual mixture of familiar delight and wry unsentimentality. “Tomorrow!” she sing-shouts, playful at a formidable six feet. “Foie gras tomorrow!”The founding pride of D’Artagnan, foie gras has also landed Daguin back in the middle of a familiar, and fierce, regulatory fight–but in the 35 years since she started her company, she’s expanded far beyond that niche delicacy. Today, D’Artagnan operates a nearly nationwide network of small farmers who raise chickens, ducks, cows, and other animals by Daguin’s exacting organic, free-range standards.

The company then buys this meat from the farmers and sells it to high-end restaurants; around 7,500 mainstream grocery stores; and, increasingly, directly to the growing numbers of home cooks who care about where their meat comes from and are willing to pay a premium for it.Daguin, 61, has established a high-profile circle of famous friends and clients: fellow French-born chef-entrepreneur Daniel Boulud; New York restaurateur and Shake Shack founder Danny Meyer; the late Anthony Bourdain, who featured Daguin on No Reservations and named his daughter Ariane. She’s less of a household name than these men, but she’s quietly just as influential. Since the early 1980s, her company has been changing how Americans eat meat, by selling sustainably raised, non-factory-farmed animal products long before terms like sustainable or factory farm went mainstream.

 

“She knows every aspect of what it takes to raise an animal, but also what it takes to transform the animal, and how it should taste,” says Boulud, the chef-owner of Manhattan’s Daniel and several other restaurants, who’s served D’Artagnan meat and game for 30 years. “She has definitely helped many chefs–and many Americans–have access to better meat.”Along the way, Daguin overcame several near-catastrophes, including a wrenching co-founder breakup. Through it all, her relentless drive allowed her to maintain control–and sole ownership–of her company, even as fellow boutique-meat pioneers like Niman Ranch and Applegate Farms sold out to industry giants; to return it to profitability despite her massive post-breakup debts and the Great Recession, which decimated many of her customers; and even, in the past decade, to expand oper­ations to a near-national footprint. Within five years, she declares, D’Artagnan’s sales will reach $250 million.

She’s also food royalty. Ariane is the oldest child

Daguin, with a Barred Rock chicken–which will soon be one of the 18,000 chickens her company sells each week.Sarah Wilmer. Yet the same determination that’s bent the world to her will has at times blinded Daguin to looming problems–or exacerbated them. Take foie gras: Lawmakers and animal-rights activists keep trying to ban the stuff, claiming there’s “immense cruelty” in force-feeding ducks to enlarge their livers. But for Daguin, selling foie gras is a point of tremendous personal and cultural pride. She’s fought threats to it across the country­–including the one under way on her home turf of New York City. But defending this much-contested niche product complicates the tightrope she must walk, owing to the peculiar paradox behind D’Artagnan: Ariane Daguin built a business from slaughtering animals–but she really built it by caring about how they live.

But more on all that unpleasantness in a bit. First, as with all good French meals, let’s have some wine.

“Champagne?”

Non! Shots!”

Daguin is standing at the front of a large black bus, of the sort rented out for wine tours and bachelorette parties, pouring generous splashes of sinus-stripping white Armagnac into plastic cups. “You drink this, and all the calories disappear,” she jokes, an unlikely party animal in a duck-printed scarf and mom jeans. “Okaaay, bottoms up!”

This is her “Cassoulet Crawl”–a gut-busting Manhattan restaurant tour tied to a competition over the hearty French stew that’s largely made from several kinds of D’Artagnan-endorsed fatty meats. It’s February, and Daguin’s fifth year organizing and judging the showdown, one overseen by an official French body called the Great Brotherhood of the Cassoulet. (Really. Because France.)

 

The Great Brothers on hand, in red velvet robes accented with yellow trim and cassole-shaped hats, resemble an order of Harry Potter wizards devoted to duck fat and slow-cooked white beans–especially when they bestow an honorary membership upon John Lithgow, who’s come straight from rehearsing a new Broadway play, and who accepts this silly honor with a sincere speech in decent French. If he’s charmingly bemused by the whole thing, he’s also unstinting in admiring his friend, its organizer. “Ariane,” he says, “is a force of nature.”

of André Daguin, a renowned chef in France’s Gascony region, who earned two Michelin stars for the family restaurant-hotel he’d inherited. He became internationally known as “the undisputed leader” of Gascon cuisine, especially for foie gras, as The New York Times declared in 1982. All his offspring followed some version of the family vocation–but Ariane, who knew that her gender meant she wouldn’t be heir to the restaurant, moved to New York City in the late 1970s to study at Columbia University. There she met George Faison, an MBA candidate from Texas who shared her love for French food and humanely raised meat.

Daguin and Faison became friends, and then colleagues at Les Trois Petits Cochons, a New York City charcuterie company that now competes with D’Artagnan. There, Daguin first met Izzy Yanay, an Israeli immigrant and entrepreneur who was trying desperately to find buyers for his products. Yanay was raising ducks at his farm 100 miles northwest of Manhattan, to produce foie gras–which was then largely unknown to Americans, and not an easy sell.

Unless you were dealing with the daughter of André Daguin. As soon as Yanay started his pitch, Ariane exclaimed, “Of course–foie gras!” Still, Les Trois Petits Cochons passed, so she and Faison formed their own company in late 1984, to sell Yanay’s foie and the ducks that created it. “I owe her everything,” Yanay says today. “She saved my life.”

Daguin and Faison named their company after another Gascon–the 17th-century musketeer who inspired Alexandre Dumas’s fictional hero–and adopted the motto made famous by Dumas: All for one, one for all. The co-founders knew the rising chefs at the forefront of what would become the locavore movement, who wanted great-tasting, transparently raised ingredients and would pay a premium for them.

“My interest at D’Artagnan became: How do we change the way Americans eat?” Faison says.Gradually, they built up a network of small farmers who provided those ingredients and followed D’Artag­nan’s specifications for feeding, housing, aging, and slaughtering animals. Soon, the partners started selling other meat and game–rabbit, quail, Berkshire pork, bison–and finding suppliers who made high-quality terrines, sausages, and other European-style charcuterie. Within two years, D’Artagnan was profitable; within 14, its revenue neared $20 million.

 

It was also beginning to live up to Faison’s vision. In 1993, before the USDA finalized its recognition of “organic” as an official designation, D’Artagnan became one of the first companies to sell free-range organic chickens in the U.S., ones that “taste the way your grand­mother says chickens used to taste,” according to the Times in 1994. It wasn’t the only high-end meat company: Applegate Farms was founded in 1987, while Bill Niman was building Niman Ranch into a national brand. But those companies have since been sold–to Spam maker Hormel Foods and poultry giant Perdue, respectively–while Daguin still owns D’Artagnan. And industry experts say her company was and remains unique in the breadth of products it offers and its role in introducing Americans to truffles, venison, wild boar, and the like.

 

“Other organic suppliers are out there, but D’Artagnan takes it to the next level for game meats,” says Mike LoBiondo, who oversees meat and seafood for Rochester, New York-based grocery chain Wegmans. He also praises D’Artagnan’s salesforce for teaching Wegmans, and its customers, how to cook and enjoy these more exotic proteins: “Nobody provides the same level of education.”

But as the company grew, internal tensions mounted. When Daguin had a daughter in 1988 and then brought her infant to the office, Faison felt she was distracted from the business. A listeria outbreak in 1999 sickened customers, triggering a voluntary recall of 70,000 pounds of meat during the all-important holiday season. Then, in 2001, D’Artagnan opened a well-reviewed but doomed Manhattan restaurant–weeks before the September 11 terrorist attacks upended the local economy. The restaurant–one of Daguin’s passions, and another source of friction with Faison–closed in early 2004.

 

Months later, Faison decided that their differences were irreconcilable and that he wanted out. Or, rather, that he wanted Daguin out. As chronicled in a 2006 Inc. feature, Faison stunned Daguin in June 2005 with an offer to buy her D’Artagnan shares for several million dollars. A shotgun clause in their partnership agreement gave her 30 days to accept his offer, or to buy him out for the same price.

Daguin started cold-calling banks, and eventually scraped together enough from a French lender and some savings to buy out Faison. He went on to help run another high-end meat purveyor–DeBragga and Spitler. Daguin was left with sole control–but was deeply in debt and overseeing a staff with sharply divided loyalties, not long before the global economy collapsed.

“It was–oof,” she says, with Gallic understatement. Today, asking the former co-founders about each other is a bit like talking to parents who went through a nasty split but still see each other at functions for their adult child. “Sometimes, divorce is the best thing. It was for Ariane and me,” says Faison. “We are cordial.” Daguin, who retains a sense of betrayal, is less diplomatic. The breakup “was all his fault,” she says. They have done their best “to avoid each other” at industry events for years. Will they ever be friends again? She snorts: “Friends? Non.

Last year, Faison co-founded the Great American Turkey Company, a startup selling humanely raised, antibiotic-free turkey products to supermarkets and online customers. Perhaps coincidentally, D’Artagnan is expanding its turkey offerings later this year.

That first year on her own was terrifying. Taking on another partner or giving up control was out of the question–“I learned my lesson,” she says–but she knew she needed someone to take over Faison’s operational and financial duties.

 

“We were iconic, but we were a little close to the cliff,” is how Andy Wertheim, a consumer­-products veteran who became D’Artagnan’s president, describes what he found when he came on board in 2006. “Our margins were very low. We were in debt. And while we were ubiquitous in an East Coast/chef world, we were largely unknown everywhere else.” Daguin and Wertheim raised prices and slashed their product line, from 2,500 SKUs to 800. They also stopped selling to other distributors, to cut down on the inventory they were freezing instead of selling fresh. To broaden the customer base, Wertheim stepped up marketing, and launched an e-commerce line to ship meat directly to the well-heeled food obsessives who’d absorbed factory-­farming exposés like Fast Food Nation and Super Size Me and The Omnivore’s Dilemma. Some were adopting the reduced-but-deliberate meat consumption habits endorsed by the likes of Omnivore’s Michael Pollan.

 

“We agree with the vegan people, up to a point,” says the ever-droll Daguin. “And that point is when I kill my animals.” By 2009, D’Artagnan had climbed back into the black, overcoming new setbacks from the ongoing recession. (Spending $20 on an uncooked organic chicken is tough to justify if you’ve just lost your job or home.) Still, by 2011 Daguin had paid off her loan–and was mulling what she could do with her company’s returning profit. Half goes to annual employee bonuses, which Wertheim says “virtually everyone” gets–and which can help with retention in a company that’s as intense as its founder. (“The hours are crazy; the chefs are crazier,” one former employee recalls.) The rest has helped fuel expansion. To get beyond those East Coast/fancy-chef confines, D’Artagnan needs farmers and slaughterhouses and warehouses across the country: The company can overnight whatever a chef in California needs for dinner service, but if it wants to become a staple in West Coast shops, it needs to supply such stores with chickens or ducks that were raised a couple of hours away, so that days of shelf life are not wasted as they get schlepped across the country.

D’Artagnan notched $132 million for the year that ended in June, $11 million more than it did the previous year, and triple what it made the year Faison left. Since 2011, it’s set up warehouses in Chicago, Houston, and Atlanta, expanding its network of farms and suppliers along the way. Daguin won’t disclose profit, but there was enough to buy a distribution center in Denver last year–and enough for her to start shopping for another in California, to give D’Artagnan a truly national footprint. The company continues to diversify its sources of revenue: Its third-largest line of business, direct-to-consumer online sales, brought in $13 million last year. (Sixty-five percent of revenue comes from restaurant sales, and 25 percent from grocers and other retailers.) To commemorate all this, Daguin plans to fly all 280 employees to New York for an elaborate 35th-anniversary party in early 2020. Which won’t be for the faint of heart: “In addition to being a fantastic entrepreneur and businesswoman, Ariane wants to have fun,” says Boulud, ruefully recalling Parisian bar crawls he barely survived. “And she wants to drag everyone with her.”

 

This April, Daguin talked expansion plans with her new banker, JPMorgan Chase CEO Jamie Dimon, over lunch in his executive dining room. Yet while being courted by one of the world’s most powerful CEOs, Daguin was characteristically uncowed. JPMorgan’s corporate caterer isn’t a big D’Artagnan client, so Daguin ate the fish “to make a point,” she recounts, grinning about her “smart-aleck” order. “I said, ‘Oh, when I don’t know the provenance, I try to avoid factory-farmed chicken.’ “She’s a long way from begging banks to bail her out. (And JPMorgan Chase executives seem unruffled by their client’s sense of humor: “Ariane’s leadership and drive is inspiring,” commercial-bank executive Maria Lucas says.) But not all of D’Artagnan’s problems have stayed in the past. Today, Daguin is facing a resurgent threat, aimed straight at the heart of her company.

Which, of course, is its liver.

 

The New York City Council, in mid-June, debated a bill banning foie gras. No vote had been scheduled by presstime, but if it passes, the result could be especially damaging, particularly for Hudson Valley and the few other small U.S. farms that focus on producing foie gras, because it would prohibit restaurants from “the provision of foie gras in any manner.” (Chefs have protested other bans by giving away foie for free.)

The newest proposal is a significant threat to Hudson Valley Foie Gras; at least a third of its sales come from the city. Daguin estimates she stands to lose about 10 percent of her business–$15 million in sales of livers and the ducks that produce them. While the hit to her business seems survivable, her pride is another matter. For the daughter of the Gascon chef who made foie gras famous, such a ban is an attack on her identity and heritage. “Culturally, not just for our company but for the whole world of gastronomy,” Daguin says, “it would be a huge, huge loss–the beginning of the end.”

 

This summer, Daguin and Yanay and other farmers mobilized to counter the passionate editorials and protests of the foie gras foes. It’s a tricky issue for the woman who proclaims that she cares just as much about animal welfare as “vegan activists” do, even if she sometimes expresses this in a decidedly Daguin-esque way. “We agree with the vegan people, up to a point,” she says. “And that point is when I kill my animals.”

Such talk, of course, won’t charm her opponents. “The costly French delicacy involves force-feeding ducks and geese several times a day by shoving metal pipes down their throats and swelling their livers to 10 times a healthy size,” proclaimed, somewhat inaccurately, an op-ed written by the executive director of Nyclass, a controversial lobbying group that backed the New York bill. (See “Duck, Duck, Foe,” below.) “It is a disgusting practice and it must end.”

 

Yet foie gras is, at most, an asterisk to the meat industry’s substantial systemic issues, which have the United Nations and international coalitions of scientists sounding alarms. “I can’t believe we’re going through this again,” says Marion Nestle, the author and nutrition expert. “Other issues in meat-raising are much more critical.”

 

Barred Rocks and Brune Landaises at a D’Artagnan farm.Sarah Wilmer. It’s a generally weird time for the meat industry, which claims $1 trillion in U.S. “economic impact.” Americans are eating record amounts of animal protein. Only around 5 percent identify as vegetarian. Yet we’re increasingly aware of all of the downsides of how meat is produced, and seeking plant-based alternatives from the fast-growing likes of Impossible Foods and Beyond Meat, which raised $240 million in a May IPO.

Large factory farms have been widely criticized for releasing immense amounts of waste and pollutants into our air and water; for juicing their livestock with so many antibiotics that bacteria become resistant to their effects, causing potential health crises for humans; and for raising their animals in cramped, filthy, torturous conditions. And while Yanay processes maybe 500,000 ducks per year, factory farming churns through about nine billion chickens in the U.S. annually, and roughly 32 million cows.

Those are the horrific processes that Daguin has dedicated her life and her company to countering, and for which she provides her widely praised alternatives. But her fierce allegiance to foie gras–and the production process that sounds so inhumane, for what’s essentially a food for the 1 percent–puts her company in the cross hairs of the animal activists with whom she otherwise claims common ground. “My animals have one bad day,” she insists while driving to the farm, her long frame folded into the red Mini Cooper her daughter decorated with duck decals.

Such determination built Daguin’s company, rescued it from the wreckage of her breakup with Faison, and kept it independent when fellow organic-meat pioneers sold out. But it also has generated other obstacles for D’Artagnan–including the question of its future.

Daguin ducks this question as much as possible, perhaps because it’s a rare example of her plans getting thwarted. In her oft-told gospel of How Ariane Kept D’Artagnan, her daughter is Angel Gabriel, the herald who encouraged her mother to fight for the company. Alix, then 17, was visiting her grandparents in France when Ariane called to tell her that Faison might force her out. “And then she says to me, ‘Are you going to let George do that? What if, one day, I want to join the company?’ ” Daguin recounts, proud and wistful. “That’s the one thing–that one little sentence–that made me really fight hard for this.”

Today, Alix is an architect, with her own design firm and no plans to take over the company she inspired her mother to fight for. “My mom has raised me to think for myself,” she says. “At this point, I have my own path.”

At 61, Daguin does not seem to have retirement in her vocabulary, and she admits she’s not doing much planning for an Ariane-less D’Artagnan. Maybe she’ll sell some of it to her employees, through an ESOP–“as long as I can keep some control,” she muses.

 

But for now, there are foie gras battles to fight, a property in California to find, and sales to double. She’s also looking for a farm in upstate New York, planning to turn it into a D’Artagnan foundation and self-sustaining restaurant–one where people can milk the cows or learn how to make cheese and bread before dining at the sure-to-be-spectacular farm-to-table restaurant, which Alix will design. If it comes to fruition, the nonprofit could slyly accomplish goals that have long eluded Daguin: work with her daughter, resurrect her doomed restaurant–even, finally, become her father’s heir.

 

All of this is on her mind as she drives her tiny car across the George Washington Bridge, en route to Hudson Valley, a summer morning sky and the Hudson River stretched out endlessly on either side. “It’s good to get out of the office,” Daguin sighs, brightening as she contemplates her planned nonprofit. She’s just found the right farmland, she confides, and is waiting to hear if her offer is accepted. She lifts both hands, fingers crossed for her latest hope and dream. Letting go of the wheel, if only for a moment.

Duck, Duck, Foe

The process known as gavage is hard to describe in a way that doesn’t sound unpleasant, though what I observed at Hudson Valley Foie Gras in July did not seem to unduly distress the birds. Three times a day, a worker enters the in-barn but open-air pens holding about 10 ducks each, checks every duck’s gullet to make sure it’s fully digested its last feed, inserts a thin rubber tube down the duck’s throat, and dispenses liquid feed. Then the tube is removed and it’s on to the next duck. The feeding takes about five seconds per bird.

Animal-rights activists and foie gras foes call this process torturous. Foie gras producers, and some outside observers, however, argue that duck physiology is made for this; unlike humans, the birds have thick esophagi and livers that enlarge without showing signs of disease. “This has become an issue that people get angry over because it’s an easy target,” says Michaela DeSoucey, a North Carolina State associate professor and the author of Contested Tastes: Foie Gras and the Politics of Food. “People are nuts–on both sides.”

Many foie gras bans have been proposed around the country. The biggest so far was in California: In 2004, state law­makers passed a ban that went into effect in 2012, which has since ping-ponged through the appeals courts. (Current status: Upheld.) In 2006, Chicago aldermen passed a short-lived, much-mocked ban, which Mayor Richard M. Daley called “the silliest law that they’ve ever passed.” (It was repealed in 2008.) The bill New York City Councilwoman Carlina Rivera introduced in January would ban the sale of foie gras in the city by restaurants and vendors–which would affect businesses outside of the city, too. At presstime, the bill hadn’t been voted on, and producers were in limbo. “For us,” Daguin sighs, “it’s a big cloud over our heads.”

Source: This ‘Force of Nature’ and Her $132 Million Company Are Why You Eat Organic Meat

2019 Lexus ES 350 F-Sport – 3 Things You Need To Know

The Lexus brand has worked hard over the past few years to redesign it’s lineup in accordance with a bold new design theme. The ES is now the latest model to receive a full redesign, effectively turning the look into that of an entirely different car: and for the better. The ES offers a refined ride, quiet interior, and a hybrid powertrain if you’d like to add some electrification to your drive. It competes with cars like the BMW 5 Series and Audi A6, and while those models are arguably a bit sportier, neither can match the calming ride of the ES.

Attractive New Exterior Design

The new ES is built on the all-new Global Architecture – K (GA-K) platform, which Lexus engineered to make vehicles more agile, comfortable and striking.  There is no doubt that the all-new ES is a visually appealing vehicle, and it is easy to spot even in a long lineup of Mercedes and BMW’s. While some people have criticized Lexus for such a daring new design standard, I commend them.  Brands must take big risks to set themselves apart from the competition, or risk fading to the middle of the pack. Thanks to the adventurous decisions Lexus has made, the ES stands out with both instant brand recognition and an iconic look… and that’s exactly how it should be.

Today In: Lifestyle

Updated Engine & New 8-Speed Transmission

The ES only offers one petrol engine, a 3.5-liter V6 producing 302 horsepower and 267 pound-feet of torque, it will accelerate the ES350 from 0-60 in around 6.6 seconds. While it’s not going to win many races, it is more than enough to feel confident and content while driving. It would be nice however, if more potent engines were offered, and it may be something for Lexus to consider adding in the future.  There is nothing to complain about in the new eight-speed transmission either, it’s an incredibly refined gearbox, offering smooth shifts under any and all conditions.

Upgraded Interior

Perhaps the biggest change on the all-new ES is in the interior.  Lexus has employed the latest signature design attributes and technology to make it feel and look like a true luxury car.

When it comes to the F-Sport model’s interior design, Lexus created an all-new kind of metallic cabin trim inspired by the making of a traditional Japanese sword.  Hadori aluminum trim features fluctuating wave patterns that give a three-dimensional appearance that varies depending on the viewing angle.

The seats are some of the most comfortable in-class, offering a unique and sporty design without sacrificing comfort. Even the seat controls and done in a metal finish making the cabin feel refined along with other soft interior elements and real metal trim.

Final Thoughts

The ES F-Sport focuses on comfort first, which is ideal if you are looking for something with a more aggressive look but don’t want to sacrifice comfort for it.  The refined powertrain, coupled with the new 8-speed, is incredibly smooth, though it also makes the ES one of the slowest vehicles in-class. Especially when compared against the base BMW 5 series, which has a 0-60 time of under 6 seconds and offers more power from a standstill, the ES can seem a bit slow. But, it is incredibly important to keep in mind that the ES starts at just $39,500, while the BMW and Audi equivalents are in the mid $50k range, a giant price gap which gives the ES a significant advantage.

Having been born in the Detroit area, I grew up with motor oil running through my veins. Wanting to put my passion to good use, at age sixteen I co-founded and hosted an automotive-focused YouTube channel, the Oakland Car Review, which garnered millions of views during its run. Transitioning toward written content, I was an early-stage partner in DRIVE Magazine and eventually oversaw its conversion to a fully digital platform. I now lead web operations at ThisIsDrive.com. My work extends to other outlets as well, these include some well-known names, such as Kelly Blue Book’s technology-focused Ride.Tech website. I remain up-to-date on the latest industry happenings by doing hours of research per week so that I can keep you informed. I am pleased to have been published on automotive topics for over five years and I look forward to bringing my passion for the industry and cars themselves to Forbes readers.

Source: 2019 Lexus ES 350 F-Sport – 3 Things You Need To Know

For nearly 30 years, the Lexus ES has consistently attracted luxury sedan shoppers wanted comfort, space, and value. Over the years, Lexus followed that same formula and the result in the best-selling Lexus sedan despite its very humble FWD Camry based roots. For 2019, Lexus hopes to inject a healthy dosage of youth to the mix with the very first F-Sport ES. It takes the sleek design from the flagship LS with nearly as much rear seat space as its much larger sibling. The 302 HP V6 still drives the front wheels, but the result of the new GA-K platform makes this 2019 model the sportiness ES Lexus has ever built.

Huawei Mate 30 Pro Leak Shows Stunning Design And Cool Features

Now the latest iPhones have been revealed, attention turns to Huawei. Its Mate 30 series is now the most highly-anticipated launch, for several reasons.

The unveiling takes place in Munich on Thursday, September 18, but a series of press renders have leaked, according to the ever-dependable Evan Blass.

There will be four phones in the series, the Mate 30 Lite, Mate 30 and the one we’re. concerned with here: the Huawei Mate 30 Pro. The fourth will be the Mate 30 Pro Porsche Design, which is more of a niche model.

There have already been reports of exactly what the new Pro will look like, but the new images from Blass show greater detail of what could be Huawei’s most handsome phone yet.

Today In: Innovation

Here’s what to expect at the Munich launch.

Front and rear of the Huawei Mate 30 Pro, it's claimed.

@evleaks

This is the bit we’ve seen before but the latest images look splendid. The circular bezel around the four cameras evokes a camera lens itself, so it’s a particularly satisfying piece of design.

And note that the cameras don’t seem to protrude very far at all, unlike almost every other smartphone out there apart from the Nokia 9 PureView.

The notch isn’t small – room for a second camera

The front-facing camera and other tech are sitting in a bigger cut-out than on the Huawei P30 Pro, for instance. This suggests that the new phone will have two cameras, designed to make face unlocking faster and more secure than on current Huawei phones. Perhaps secure enough to authorize payments? We’ll see, though remember the current Huawei flagships include a fingerprint sensor under the display so that’s likely here as well.

Is this the sumptuous waterfall edge to the Huawei Mate 30 Pro?

@evleaks

The display design is sumptuous

This is what’s called a waterfall display. No, there’s no actual water involved, it means the way the display cascades over the edges like, you’ve guessed it, a waterfall. It’s one of the things that makes the phone looks so gorgeous and appealing.

Only one button – so where’s the volume control?

There’s a simplicity to design with fewer buttons, especially since there’s no visible fingerprint sensor, too. But the only previous phone with barely any buttons, from LG, had big volume rockers either side of the fingerprint/power button. This doesn’t seem to, seeming to confirm a previous rumor that the volume controls, like the fingerprint sensor, will be buried under the display. Cool, huh?

And one big unanswered question

This kind of leak can’t answer the biggest question of all: what software will the Mate 30 Pro use? Unless something changes in the U.S.-China trade negotiations, it seems Huawei can’t use the full Google Mobile Services Android on its next phones.

Now, things are changing very quickly in this situation but I doubt there’ll be any movement before this week’s reveal.

So, don’t be surprised if there’s a gap between announcement and release or even if Huawei play things close to their chest.

It could choose to put its own Harmony OS onboard but it’s made clear that’s a back-up, not the first choice.

It could put open-source Android on the phone and find some way to make it easy for customers to add apps like Google Maps, Gmail and so on. That’s possible, too.

That may not be answered this week, but for everything else, not long until we know.

__________

Follow me on Instagram by clicking here: davidphelantech and Twitter: @davidphelan2009

More on Forbes

Apple Watch Series 5 Sports Dazzling Always-On Screen, Cool Extras

Move Over, AirPods 2: Huawei Reveals Show-Stopping FreeBuds 3 With Cool Features

Huawei Shock: Mate 30 Pro To Miss Gmail, Google Maps, Report Claims

Sony 40th Anniversary Walkman’s Surprise Feature Is A Scene-Stealer

Huawei Mate 30 Pro Leaked Images Show Jaw-Dropping Design

Follow me on Twitter.

I’ve been writing about technology for two decades and am always struck by how the sector swings from startling innovation to regular repetitiveness. My areas of specialty are wearable tech, cameras, home entertainment and mobile technology. Over the years I’ve written about gadgets for the Daily Telegraph, the Sunday Times, the Daily Mail, the Sun, Metro, Stuff, T3, Pocket-lint, Wareable.com and Wired. Right now most of my work away from Forbes appears in the Independent, the Evening Standard and Monocle Magazine. Parenthetically, I also work as an actor, enjoying equally the first Mission Impossible movie, a season at Shakespeare’s Globe and a stint on Hollyoaks. Follow me on Instagram: davidphelantech, or Twitter: @davidphelan2009

Source: Huawei Mate 30 Pro Leak Shows Stunning Design And Cool Features

Huawei Mate 30 Pro Official Look, Mate 30, Mate 30 RS Porsche Edition, Mate 30 Lite, Watch GT 2, Kirin 990, OFFICIAL Teasers & More! 🔔 Please Subscribe for Daily Tech Videos 🙂 Mate 30 Pro Intro Concept by – https://www.youtube.com/watch?v=bSSKZ… ★ INSTAGRAM: http://instagram.com/xeetechcare ★ TWITTER: http://twitter.com/xeetechcare

Google Warns LastPass Users Were Exposed To ‘Last Password’ Credential Leak

Google Project Zero is a team of highly talented security analysts with a brief to uncover zero-day vulnerabilities. If a vulnerability is found, Project Zero reports to the vendor concerned and starts a 90-day countdown for a fix to be issued before full public disclosure is made. LastPass is also in the security business, being one of the most popular password management solutions with more than 16 million users, including 58,000 businesses. Project Zero has just disclosed that a security vulnerability left some of those 16 million users exposed to the risk of credential compromise as, in an ironic twist, LastPass could leak the last password used to any website visited.

How could the LastPass ‘last password’ vulnerability be exploited?

In a tweet posted September 16, Google Project Zero analyst Tavis Ormandy stated that “LastPass could leak the last used credentials due to a cache not being updated,” adding “this was because you can bypass the tab credential cache being populated by including the login form in an unexpected way!”

Ormandy reported the vulnerability on August 29, as Project Zero issue 1930, which showed how the credentials previously filled by LastPass could be exposed to any website under certain circumstances.

Today In: Innovation

Ferenc Kun, the security engineering manager for LastPass at LogMeIn, which owns LastPass, said in an online statement that this “limited set of circumstances on specific browser extensions” could potentially enable the attack scenario described.

“To exploit this bug, a series of actions would need to be taken by a LastPass user including filling a password with the LastPass icon, then visiting a compromised or malicious site and finally being tricked into clicking on the page several times,” Kun said, “any potential exposure due to the bug was limited to specific browsers (Chrome and Opera.)”

The answer, thankfully, is nothing. LastPass has already patched the vulnerability, and the fix was comprehensively verified with Project Zero. Indeed, the fix was rolled out on September 13, and Kun confirmed that “we have now resolved this bug; no user action is required and your LastPass browser extension will update automatically.”

As a precaution, the LastPass update was deployed to all web browsers and not just Chrome and Opera.

How severe was this vulnerability and should you stop using LastPass?

Let’s deal with the last part of that question first; there’s absolutely no reason to stop using LastPass or your preferred password manager for that matter. “Although password managers like any other software have flaws the benefits of using one far outweigh the risks,” says ethical hacker John Opdenakker. “It’s far more likely that your accounts will get compromised by attacks that exploit poor passwords,” Opdenakker says, “such as through credential reuse, than by attacks against password managers themselves.”

OK, so how serious was this particular vulnerability? It certainly sounds serious enough, right? Tavis Ormandy at Project Zero allocated the vulnerability a “high” severity rating. Opdenakker isn’t so sure it merits that. “I think it’s most important that LastPass fixed this bug, which is certainly not a critical one, within a reasonable amount of time,” Opdenakker says, “it’s debatable whether it’s high or medium because, as Ormandy says, it doesn’t work for all URLs.”

LastPass security recommendations

Ferenc Kun said that LastPass continues to recommend the following best practices for added online security:

  • Do not click on links from people you don’t know, or that seem out of character from your trusted contacts and companies.
  • Always enable Multi-Factor Authentication (MFA) for LastPass and other services like your bank, email, Twitter, Facebook, etc.
  • Never reuse your LastPass master password and never disclose it to anyone, including us.
  • Use different, unique passwords for every online account.
  • Keep your computer malware-free by running antivirus with the latest detection patterns and keeping your software up-to-date.

More at Forbes

This iPhone Hack Let Google Access iOS Device Files

Google To Fix Malicious Invites Issue For 1 Billion Calendar Users

New Security Warning Issued For Google’s 2 Billion Chrome Users

Follow me on Twitter or LinkedIn. Check out my website.

I’m a three-decade veteran technology journalist and have been a contributing editor at PC Pro magazine since the first issue in 1994. A three-time winner of the BT Security Journalist of the Year award (2006, 2008, 2010) I was also fortunate enough to be named BT Technology Journalist of the Year in 1996 for a forward-looking feature in PC Pro called ‘Threats to the Internet.’ In 2011 I was honored with the Enigma Award for a lifetime contribution to IT security journalism. Contact me in confidence at davey@happygeek.com if you have a story to reveal or research to share

Source: Google Warns LastPass Users Were Exposed To ‘Last Password’ Credential Leak

This is a short intro to how to use LastPass. Links: https://www.lastpass.com https://youtu.be/M4Z0xwzpQrk (My Diceware Video) ======================================== Follow me on Twitter: @redfalconsec Like me on Facebook: search “RedFalcon Security” Fonts used: Digitalt by gluk (http://www.dafont.com/digitalt.font) Royalty free ClipArt provided by LibrOffice Impress and clker (www.clker.com). This video made entirely in Linux using open source tools.

Sell Stocks And Pay Off Your Mortgage

It’s hard to borrow yourself rich—especially when you can’t deduct the interest.

A friend from Connecticut tells me she and her husband were recently inspired to sell some securities and pay off their mortgage. She figures the market is due for a correction.

A clever move, I say, and not just because stocks are richly priced. Mortgages, even though rates are at near-record lows, are expensive. And there’s a tax problem.

The tax angle relates to what went into effect last year—something Trump called a tax cut, although it raised federal taxes for a lot of people in high-tax states like Connecticut. For our purposes what matters is that the law made mortgages undesirable.

Used to be that people would say, “I took out a mortgage because I need the deduction.” That doesn’t work so well now. The new law has a standard deduction of $24,400 for a couple, and you have to clear this hurdle before the first dollar of benefit comes from a deduction for mortgage interest.

Today In: Money

Most middle-class homeowners aren’t itemizing at all. For them, the aftertax cost of a 4% mortgage is 4%.

If you are still itemizing, your interest deduction may not be worth much. You are probably claiming the maximum $10,000 in state and local taxes. (If you aren’t, you are living in an igloo in a state without an income tax.) That means the first $14,400 of other deductions don’t do anything for you.

A couple with $2,400 of charitable donations and $15,000 of interest is in effect able to deduct only a fifth of the interest. The aftertax cost of the mortgage depends on these borrowers’ tax bracket, but will probably be in the neighborhood of 3.7%.

Before 2018, your finances were very different. You no doubt topped the standard deduction (which was lower then) with just the write-off for state and local taxes (which didn’t have that $10,000 cap). So all of your mortgage interest went to work in reducing federal taxes. You could do a little arbitrage.

If your aftertax cost of a 4% mortgage was 2.7%, an investment yielding 3% aftertax yielded a positive spread. You’d hold onto that investment instead of paying off the mortgage. It was quite rational to sit on a pile of 3% tax-exempt bonds while taking out a 4% mortgage to buy a house.

Now that sort of scheme doesn’t make sense. The aftertax yield on muni bonds is way less than than the aftertax cost of a mortgage. This is true of corporate bonds, too: Their aftertax return, net of defaults, is less than the cost of a mortgage today.

So, if you have excess loot outside your retirement accounts, and it’s invested in bonds, you’d come out ahead paying off a mortgage.

What about stocks? Should you, like my friend, sell stocks held in a taxable account in order to pay off your mortgage? This is a trickier question. If your stocks are highly appreciated, perhaps not. You could hang onto them and avoid the capital gains.

If they are not appreciated, or if you have a windfall and you’re deciding whether the stock market or your mortgage is the place to use it, the trade-off changes.

Stock prices are, by historical measures, quite high in relation to their earnings. The market’s long-term future return is correspondingly less.

Financiers

In the short term, stocks are entirely unpredictable. Neither my friend, nor I, nor Warren Buffett can tell you whether there will be a crash next year to vindicate her decision or another upward lurch that will make her regretful.

For the long term, though, you can use earnings yields to arrive at an expected return. I explain the arithmetic here. A realistic expectation for real annual returns is between 3% and 4%. Add in inflation and you’ve got a nominal return not much more than 5%.

From that, subtract taxes. You’ve got a base federal tax of 15% or 20% on dividends and long-term gains. There’s also the Obamacare 3.8% if your income is above $250,000. You have state income taxes, no longer mitigated by a federal deduction for them (because you’ll probably be well above the $10,000 limit no matter what).

Add it all up, and you can look forward to an aftertax return from stocks of maybe 4%. That is, your expected return could be only a smidgen above the aftertax cost of your mortgage. Worth the risk? Not for my friend. Not for me.

What if I’m wrong about the market, and it’s destined to deliver 10%? Or what if you are a risk lover, willing to dive in with only a meager expected gain? Mortgages are still a bad way to finance your gamble.

You don’t have to borrow money at a non-tax-deductible 4%. I can tell you where to get a loan at slightly more than 2%, with the interest fully deductible.

The place to go is the Chicago Mercantile Exchange. Instead of buying stocks, buy stock index futures.

When you go long an E-mini S&P 500 future you are, in effect, buying $150,000 of stock with borrowed money. You don’t see the debt; it’s built into the price of the future. The reason the loan is cheap is that futures prices are determined by arbitrageurs (like giant banks) that can borrow cheaply. The reason the interest is in effect deductible is that it comes out of the taxable gains you report on the futures.

Futures contracts are taxed somewhat more heavily than stocks. Their rate is a blend of ordinary rates and the favorable rates on dividends and long-term gains. Also, futures players don’t have the option of deferring capital gains. Even so, owning futures is way cheaper than owing money to a bank while putting money into stocks.

One caveat for people planning to burn a mortgage: Stay liquid. Don’t use up cash you may need during a stretch of unemployment.

But if you have a lot of assets in a taxable account, it’s time to rethink your mortgage. Debt is no longer a bargain.

I aim to help you save on taxes and money management costs. I graduated from Harvard in 1973, have been a journalist for 44 years, and was editor of Forbes magazine from 1999 to 2010. Tax law is a frequent subject in my articles. I have been an Enrolled Agent since 1979. Email me at williambaldwinfinance — at — gmail — dot — com.

Source: Sell Stocks And Pay Off Your Mortgage

In many situations, paying off your mortgage early could potentially be costing you hundreds of thousands of dollars…and I’ll run the numbers to show this based off real world examples. Enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/there… The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c This is one of those subjects that’s not intuitive for most people – you would think that paying off your mortgage early would be a really good idea. But this isn’t always the case. The reason people think this way is because they haven’t really looked at the true cost of ownership, what their money is really worth, and they only focus on the end number. On our $400,000 loan example, your payment is $1956 per month and you wind up paying $304,000 in interest over 30 years. But there are three very important considerations here: 1. The first is the mortgage interest tax write off – this is what makes real estate extremely appealing, and why keeping a mortgage helps long term.For the average person in a 23% tax bracket, with a 4.2% interest rate, after you factor in your write offs, your ACTUAL cost of interest is only 3.23%. 2. The second factor is Inflation. Because the bank is holding the entire loan over 30 years and you get to pay bits and pieces of it over time, it should be safe to assume a 2% AVERAGE inflation rate over 30 years. This means that even though you’re paying a NET interest rate now of 3.23%, if we subtract 2% annually for inflation, this means that you’re really only effectively paying 1.23% in interest after tax write offs and inflation. 3. Finally, the third factor is opportunity cost. Can you make MORE than a 1.23% return ANYWHERE ELSE adjusted for inflation? The answer is pretty much always yes. This means that if you INVEST your money instead of paying down the mortgage, mathematically over the term of the loan you’d come out ahead than if you just paid off the loan early. So with these points above, we’ll take two scenarios. In scenario one, you have a 30-year, $400,000 loan at a 4.2% interest rate that you pay off in half the time – you increase your payments from $1956 to $3000 per month in order to make this happen. Then once the loan is paid off, you invest the full amount in the stock market for another 15 years. After an additional 15 years, that works out to be just over $1,000,000. So you now have a paid of house plus a million dollars. But what happens if you kept the 30-year mortgage and instead of you paying it off in half the time by increasing your payments to $3000/mo, you just invested the extra $1050 per month instead? Because you didn’t pay down your mortgage early and you invested that extra money instead, at a 7.5% return in an SP500 index fund…at the end of 30 years, you’ll have a paid off home PLUS $1,433,000.. This means that over 30 years, that’s a difference of $433,000…by NOT paying down your mortgage early, and instead investing the difference. Although keep in mind, if you have a really high interest rate on your loan, above about 6%, it’s probably better to pay it off. This is because the upside to investing gets smaller and smaller the higher your mortgage interest rate is. But the biggest advantage of paying it off early is that with the above example, we assume the person will actually invest the money rather than pay off their loan early. In order for this calculation to work, the person needs to be disciplined enough to actually invest the different and not spend it. But for anyone with the discipline to actually stick with an investing plan instead of paying down the mortgage, statistically and mathematically, you can often make more money paying it off slowly than paying it off early. For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve – https://goo.gl/sT68EC American Express Platinum – https://goo.gl/C9n4e3

Toronto Film Festival 2019: ‘Seberg’ a Missed Opportunity to Honor an Iconic Actress

1

The intriguing story behind “Seberg” and the reliable talent of its lead actress, Kristen Stewart, promise greatness. But this biopic manages to squander both, reducing the film to a bland period piece with an irritating lack of focus.

Jean Seberg was an American actress best known for her role in a French film, the 1960 Jean-Luc Godard New Wave drama “Breathless.” But by the late 1960s, this film suggests, the bilingual performer was growing bored of acting and was enthralled with the activist politics of the era, particularly the Black Panthers. It made her a target of the FBI, which harassed her relentlessly. Given Stewart’s own move away from commercial Hollywood fare lately (“JT LeRoy,” “Personal Shopper”), it’s easy to see why she’d gravitate to the project.

On a transatlantic flight, Seberg offers to give up her first-class seats for Betty Shabazz, the widow of Malcolm X, and Hakim Jamal (Anthony Mackie), his cousin. The interaction leads to an affair between Seberg and Jamal, both of whom are married, and to her being surveilled by the FBI and shot at by Jamal’s wife (Zazie Beetz, awfully briefly).

Director Benedict Andrews (“Una”) slogs the film along at a languid pace, cutting between Seberg’s life and the FBI men tasked with following and, ultimately, publicly humiliating the actress as part of the agency’s COINTELPRO program of the ’60s and ’70s, dedicated to disrupting domestic political dissidence.

Jean Seberg in 1958, two years before her breakout film "Breathless" was released.
Jean Seberg in 1958, two years before her breakout film “Breathless” was released.Everett Collection / Everett Collection

Vince Vaughn appears periodically as a short-tempered agent (though it’s hard to take him entirely seriously), while Jack O’Connell (“Unbroken”), as his partner, is more morally troubled by the agency’s treatment of Seberg — though not enough to stop it.

“Seberg” isn’t helped by its sometimes laughably uninspired screenplay. We’re told at the start that the actress was badly burned playing Joan of Arc in the 1957 Otto Preminger movie “Saint Joan,” which is later unsubtly echoed when someone warns her she’s “playing with fire.”

The government’s treatment of the iconic actress, who died young in an apparent suicide, is ripe for exploration on film — it’s too bad “Seberg,” despite Stewart’s best efforts, doesn’t do its namesake justice.

 

Source: https://nypost.com
Kristen Stewart discusses balancing public and private life during Venice press conference for ‘Seberg’ SUBSCRIBE to our channel: https://www.youtube.com/user/ETCanada… FOLLOW us here: http://www.etcanada.com Facebook: https://www.facebook.com/etcanada Twitter: http://www.twitter.com/etcanada Instagram: http://www.instagram.com/etcanada #KristenStewart #Seberg

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  • Add unstructured citations
  • Add multiple spun articles

We don´t need to tell you that more traffic = more money. So – I guess you now want to know how to increase traffic??

By using pretty pictures and stories! Aka Google My Business Posts!

Okay well maybe not quite like that, but nobody has a website nowadays that doesn´t have images on it to heighten the viewers experience and engagement. It´s also a great way to draw attention to particular sections of your site.

But there´s no point telling your story if you don´t have anyone turning up to hear it. A poorly optimized site isn´t exactly going to have hoards of traffic bombarding it is it?!

The good news is that you can change that in a matter of minutes.

With Mass Optimizer #Version7 you can ensure every single image on your GMB or website is working FOR you.

Since GMB has been introduced, we all know you need to be scoring those Google brownie points and if Google knows the exact location of your services, it´s going to take you far more seriously.

Having an image returned for searches automatically gets you noticed FAR more than your competitors. By adding URL’s to the images too, you can hugely increase the volume of traffic you’ll send to your site, YouTube channel or any other digital platform you want to promote. The amount of flexibility you have with this is crazy!

If you have clients you’re working with too, you’re going to be very popular very soon as we’re already getting feedback that Mass Optimized images are being clicked 7000% more than they were before. Whether it’s your own business or someone else’s, your profits are going to be going up just as fast as your rankings!

GMB Mobile Image Software

Any webmaster worth his salt knows that videos are where the current money is at.

So having the ability to create multiple video’s where every single one is optimized and has its own spun article attached to, is a veritable treasure trove!

Here’s how to optimize your MP4 videos with SEO and keyword rich metadata prior to uploading to YouTube, GMB or embedding on your websites.

Using exactly the same simple process that we used with images, you can create multiple copies of your video in a folder.

Re-title each from your list of related keywords, search terms and make every one individual and unique via the ‘spun’ article option in Mass Optimizer.

Highly ranked GMB’s, Videos and Websites will make you money, depending on your niche and the search terms you target. Our software will help you achieve higher rankings. But as we have no idea of your niche, how you intend to use the software or your work ethic we absolutely make no promises financial or otherwise.

Source: GMB Image Optimization Software. Optimize Your Images With Real Mobile EXIF Data

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