Monday, December 3, 2012

kudals: philanthropy charitable giving

Posted on Dec 2nd 2012. Tags: philanthropy, charitable, giving

Make your charitable giving go further - CNN
Make your charitable giving go furtherCNN"Not knowing how their money will be spent sometimes holds people back from supporting a charity," says Jason Franklin, who teaches nonprofit management and philanthropy at New York University and is executive director of Bolder Giving, a nonprofit.and more??

philanthropy charitable giving

www.airproducts.com/./charitable-giving-and-philanthropy.aspx - CachedThe Air Products Foundation provides philanthropic contributions that improve philanthropy.com/article/America-s-Generosity-Divide/133775/ - CachedAug 19, 2012. Altogether, they provided $135-billion to charity, nearly two-thirds of the $214- www.fidelitycharitable.org/giving.philanthropy/growing-family-philanthropy-tree.shtml - CachedLearn why cultivating a passion for in your children and online.wsj.com/public/page/philanthropy.html - Cached - SimilarIt's hard to overstate the crisis facing today.. More www.potlatchcorp.com/CharitableGiving.aspx - CachedPotlatch has a long tradition of philanthropic through www.ldsphilanthropies.org/ - Cached - SimilarOfficial site for The Church of Jesus Christ of Latter-day Saints. LDS www.gene.com/gene/about/community/philanthropic-support.html - CachedCorporate and Grants Home. Philanthropic Support is nvs.sagepub.com/content/40/5/924.abstractA Literature Review of Empirical Studies of Eight Mechanisms That www.amgen.com/citizenship/corporate_philanthropy.html - SimilarAmgen's corporate initiatives are very diverse: research grants and www.nptrust.org/philanthropic-resources/ - CachedThis reflects a 3.9% increase from 2010.2; Corporate held steady in 2011 thesaurus.com/browse/philanthropic - Cached - SimilarIn general, a high proportion of supposedly philanthropic goes to. big, www.charitywatch.org/ - Cached - SimilarCharityWatch is a nationally prominent charity rating and evaluation service www.schwabcharitable.org/ - CachedFollow our guidelines to help ensure your year-end contributions meet the IRS. philanthropy.com/blogs/prospecting/giving-by-the./34700 - CachedAug 29, 2012. The Chronicle of. by people with incomes of $200,000 or www.howstuffworks.com/philanthropy.htm - Cached - SimilarLearn about how to find a legitimate charity and receive tax.

( www.bnymellon.com/about/./charitablegiving.html - Cached - SimilarCharitable Program. Powering Potential. Caring about our communities is ezinearticles.com/?cat=Finance:Philanthropy-Charitable-Giving - Cached - SimilarThe prosperity is never decided by spendid cities but those developing poor www.pppnet.org/ - Cached - SimilarAs you can imagine, any cap or limitation on deductions undermines about.van.fedex.com/philanthropy - CachedAbout FedEx Citizenship . Our corporate resources include philanthropy.com/article/FaithGiving/133611/ - CachedAug 19, 2012. Faith and Religion plays a major role in how much money Americans give en.wikipedia.org/wiki/Philanthropy - Cached - SimilarIn organizational studies, by corporations (i.e., corporate philanthropy.com/section/How-America-Gives/621/ - CachedExplore in Your State, City, and Neighborhood. An exclusive https://www.vanguardcharitable.org/giving/charitable_giving_blog.html - CachedThe purpose of Vanguard Charitable's blog is to discuss www.theamericancollege.edu/financial-planning/cap-philanthropy - Cached - SimilarThe Chartered Advisor in (CAP) provides you with the www.americangirl.com/corp/corporate.php?section=about&id=5 - Cached - SimilarLearn more about Shine On Now, American Girl's effort that. www.tdbank.com/community/corporate_giving.html - Cached - SimilarThrough the TD Charitable Foundation, we focus our grant-making to help books.google.com/books/about/Giving.html?id=eg2AujPfnqkC"According to Greek mythology mankind's first benefactor was the Titan, catdir.loc.gov/catdir/samples/cam033/2002025655.pdf - Similar1 in America: From Charity to 29 robert a. gross. 2 Protestant www.philanthropydaily.com/ - Cached - SimilarNFL's Larry Fitzgerald Jr. devotes time, money, & resources to dozens of philanthropy.com/article/The-Politics-of-Giving/133609/ - CachedAug 19, 2012.

Now That to Endowment Is a Tough Sell, Nonprofits Get Creative ? www.nytimes.com/./if-raising-top-tax-rates-encourage-charitable-giving.htmlJul 28, 2012. income tax rate, it should also offer strong incentives for charitable www.npr.org/2012/08/./study-reveals-the-geography-of-charitable-givingAug 20, 2012. That's according to a new study by the Chronicle of which breaks www.philanthropy.iupui.edu/news - CachedRead the latest Center on news and connect with. www.forbes.com/./with-charity-for-all-big-philanthropy-and-the-challenge-of-democracy/ - CachedSep 23, 2012. Untying The Philanthropic Knot Of Gates And Buffett ? Samantha. form of www.charitablegift.org/ - Cached - SimilarFidelity has helped donors support more than 150000 nonprofit. philanthropy.com/article/Sharing-the-Wealth-How-the/133605/ - CachedAug 19, 2012. The typical household claimed contributions totaling 10.6. his www.pointsoflight.org/./charitable-giving-strategic-philanthropy--advisory-board-makes-impact - CachedOct 9, 2012. From to Strategic The Advisory Board Makes An philanthropy.com/article/Interactive-How-America-Gives/133709/ - CachedAug 20, 2012. Exploring in your state, city, and neighborhood. Use this tool to find www.toysrusinc.com/charitable-giving/ - Cached - Similarabout us ? our brands ? careers ? safety ? ? press room ? investor blog.socialventuregroup.com/svg/charitable-giving/ - Cached - Similar4 days ago. This past July, the first China Charity Fair entitled Development, Integration and www.radiatelocal.com/./Orange-County-Register-Philanthropy-Giving-Non-Profit-Charity - CachedCan any one us really change the world? Yes, at least a little.

We believe that, www.grantspace.org/Tools/Knowledge-Base/./American-giving - CachedCharitable statistics have been published annually since 1955 in www.commentarymagazine.com/article/the-war-on-philanthropy/ - Cachedif it's really a charitable contribution, I'm assuming that [the tax exemption]. The www.bloomberg.com/about/philanthropy/ - Cached - SimilarLast year alone our philanthropic efforts extended to more than 50 cities www.drpeppersnapplegroup.com/values/philanthropy/ - CachedOur Philanthropic Focus Areas ACTION Nation is designed to focus our www.nps.gov/partnerships/fundraising_individuals_statistics.htm - Cached - SimilarCorporate which is tied to corporate profits, held steady in 2011 compared www.philanthropyjournal.org/./fundraisinggiving/candidates-propose-caps-charitable-giving - CachedNov 5, 2012. National Community Foundation Week was established by presidential www.washingtonpost.com/.giving/philanthropy.charitable-giving./4d20557c-fc1d-11e1-8adc-499661afe377_story.htmlSep 11, 2012. The first ever in Asia Summit concludes as reports show www.effectivephilanthropy.org/blog/tag/charitable-giving/ - Cached - SimilarGeorgia Levenson Keohane will be a CEP guest blogger from January 25 philanthropy.com/article/Paying-TaxesGiving-to/134124/ - CachedSep 4, 2012. Mitt Romney epitomized this thinking last January when he tacked

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Source: http://wesletoughoue.blogspot.com/2012/12/philanthropy-charitable-giving.html

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Thoughtful Gifts For Your Sainted Mother

She birthed you. She nurtured you. She took way too many pictures of you before prom. The very least you can do for the original special lady in your life is get her a decent holiday gift. Put down the Keurig, son. Try these instead. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/jtxCG3IgeDs/thoughtful-gifts-for-your-sainted-mother

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Sunday, December 2, 2012

Residential layout razed in Ukkadam - Real Estate India

??|?? December 3, 2012 ?? 07:21am ??|Contributed by manoja

COIMBATORE: An unapproved residential layout plot near Ukkadam was razed early Saturday morning as part of the Local Planning Authority?s ongoing drive against illegal land use in the city. The 3.21-acre plot had been illegally converted into a residential layout and sold to individual buyers without seeking prior approval from the civic authorities. A notice was served in advance before the officials initiated the action. However, the reply furnished by the owner was found lacking in merit to stall punitive action against him.

?As per the revenue records the land is categorised as agricultural land, but now it is being illegally converted for residential use after planning a layout and offering it for sale. The required setback space has also not been provided which is a violation,? said G Easwaran, member secretary (in-charge), LPA, Coimbatore.

The 3.21-acre plot was being developed as Gold Peacock Garden Phase I and II residential layout on the Sundakkamuthur scheme road a few metres away from Ukkadam junction towards Selvapuram. The plot was divided into 64 sites each about 3.5 cents with an opening rate of about Rs 7.5 lakh per cent. The LPA officials claimed that the owner had encroached on set back area worth Rs 10.7 crore as per the revised government guidelines and had also not paid approval charges to the tune of Rs 77,975.

?The plot owner had laid roads inside the layout and had also erected electric poles but power supply is yet to be given to the layout,? Easwaran added.

An earth-remover was used to raze down the demarcation milestones erected inside the plot as well the metal mesh fencing and the arched gateway structures at the entrance of the plot. The original owners of the plot claimed that they had sold the plot to K M Stalin, a real estate agent based in Telungupalayam, as they were unable to carry out agriculture due to peacock menace in the locality. They were also constructing a two-storey house in the corner of the layout which was given to them as per the agreement when the property was sold to the realtor.

?We have started the construction of the house after we sold our agriculture land last year. We were told that everything was being done through proper channel,? said M Subbathaal, a 75-year-old lady with two sons, whose family had sold the property to the realtor.

The authorities at the moment have spared the under construction house much to the relief of Subbathaal. Stalin of Royal Real Estate firm in Telungupalayam was required to obtain permission from the LPA to convert the agriculture land to residential land from revenue department and also obtain NOC from Public Works Department and the corporation since the plot is situated on the catchment area near Ukkadam lake.

?This is not the only unapproved layout in the city and suburbs but the authorities have singled me out and taken action all of a sudden,? said Stalin. However, he confirmed that he received the legal notice in advance from the authorities.

The LPA officials claimed that there were about 20 unapproved layouts identified against which action will be taken in the coming days. They also appealed to the public to purchase property in layouts only after cross-verifying whether the layout has approval from the Directorate of Town and Country Planning.

http://timesofindia.indiatimes.com/city/coimbatore/Residential-layout-razed-in-Ukkadam/articleshow/17446634.cms

News Published Under:?? Real Estate India | Comments Off

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Source: http://www.indianrealtynews.com/real-estate-india/residential-layout-razed-in-ukkadam.html

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Boat Transportation | Sports n Recreation Info Center - Benito ...

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New Parenting For Geeks | jonobacon@home

A few weeks ago I became a father for the first time, welcoming our cute little boy, Jack, into the world. This is Jack:

?sup ladies

One of the things I have learned ever since Erica got pregnant is that there are many different perspectives on how to raise a child. Some people get pretty worked up about these different considerations. Cloth or disposable nappies/diapers? Do you use a dummy/pacifier? Breast or formula feeding? The list rumbles on.

Now, Erica and I are two weeks into this, and although we have our own views, we would certainly not profess to be experts. Our approach here has been all about information. We are both pretty pragmatic people, and when faced with this myriad of choices, we want our decisions to be informed, and based upon information, data, and the experience of other more experienced parents.

I just wanted to share a few useful things and toys that we have learned about that might be useful for new parents.

Information Is King (or Queen)

If there is on thing we have repeated to each other over and over since we brought Jack home is how insanely useful the Internet is for new parents.

I can only imagine how much more nerve-wracking it was for our parent?s generation who, when faced with the many silly little questions we had, would need to depend on their limited supply of parenting books or balancing out the importance or concern of the question with whether it was worth calling the doctor.

With the Internet we don?t face these limitations. We have an endless knowledge-base available to us and no matter how small or seemingly silly the question is, we are not bothering anyone when we look it up online (which is nice when you have a question at 3am). This is tremendously reassuring when?with the blink of an eye?your life suddenly has a lot more responsibility in it. Sure, there is the pregnancy building up to the birth, but the true, visceral nature of the responsibility hits you when that baby comes hurtling into the world in what literally feels like the blink of an eye.

Astonishingly, the Internet has given us an answer to pretty much every question we have had. We are thankful to not only the many websites that provide static content (such as Baby Center, LiveStrong, Circle Of Moms, and Mayo Clinic), but also the many forums, message boards and Yahoo! Answers, and the thousands of parents who have both asked and answered our questions.

A huge saving grace here has been the use of a tablet. As a new parent, I want to have access to this information right away without lugging around a laptop or going to a desktop computer. Having a tablet at the side of the bed and being able to read it while soothing a baby, has been hugely helpful. When it is 4am and you have another question, or are simply soothing your baby and want to keep yourself amused while he/she sleeps in your arms, the tablet is a godsend. Seriously folks, if you are having a baby, buy a tablet; you won?t regret it.

Also, here is another quick tip: buy a simple sheet music stand and a pair of headphones for next to the chair where mum will nurse the baby. It makes a perfect stand to hold a tablet and armed with Netflix, life is good. :-)

Tracking Jack?s Vital Stats

As soon as Jack was born the doctor asked us to track many aspects of his first few months of life. This includes how many feedings he has, how many wet/dirty nappies/diapers, how often we bathe him, and which vaccinations he receives. This information is used to ensure he is getting his little digestive system in shape, feeding well, and putting the weight on he needs to.

When we were at the hospital they gave me a sheet of paper to make these notes on. This involved using this thing called a ?pen? and a skill called ?hand-writing?. As anyone who has seen my hand-writing will testify, it is bloody awful. Screw that; no legacy writing device for me; we live in the modern era of technology and indoor toilets.

This is where technology played it?s part. The tablet we are using right now is an iPad (in the absence of a full Ubuntu tablet) and we found an awesome app for the iPad called Total Baby that provides a means to track all of this data (and more). With the app Erica can track when she nurses and how long on each side, we can track the wet/dirty nappies/diapers, and also other things such as when we bathe him and when we give him gas drops when he is mad-facing to the rhythm of the trapped gas rumba.

You could also use a spreadsheet to track this if you like.

To be honest, someone could write an Open Source equivalent to this app in next to no time; it is a simple data entry and reporting app, but it is tremendously useful, and having all of Jack?s vital stats on a device means we can easily keep track of his weekly goals (e.g. the number of wet/dirty diapers and how many feedings he should have), and it also provides a nice portable collection of data that we can give to our paediatrician (or on-call doctor if needed) so they have access to Jack?s details in one place too.

If someone is interested in writing a similar Open Source app and wants some input on what the app would need to do for a new parent, I would be more than happy to provide some input; just let me know.

Monitoring

For those of you who have not had kids, it is difficult to explain the feeling of bringing your baby home for the first time. To be honest, I wasn?t really nervous about how to take care of him, but I was definitely anxious to ensure he was comfortable and safe. As with anything so new and significant, it is easy to worry that something will go wrong, and you fear the worst a little.

As such, the first week I spent many of the nights checking on him every few minutes, listening for any unexpected noises, and fearing the ugliness that is Sudden Infant Death Syndrome (SIDS) (also known as cot/crib death). Unfortunately, there is still no categorical evidence of what causes SIDS, but common theory suggests it is when babies get their airways blocked by cushions/blankets/sleeping on their front and suffocate as well as theories that overheated babies can have respiratory problems.

I read everything I could about SIDS and we follow the guidelines of ensuring Jack sleeps on his back, keeping the room at 68 degrees, and not having any blankets or items in the bassinet with him. Irrespective though, the new-parent worry of SIDS was keeping me up at night for the first week.

I then discovered this awesome little device called the Snuza Hero (previously known as the Snuza Halo):

Not Pictured: Jack.

It is basically a little device that clips on the front of his nappy/diaper and has a sensor that touches his tummy. Every-time Jack breathes the Snuza detects it and a little green/amber light flashes (this in itself is useful when you are trying to check if your baby is breathing OK while it is dark?and babies can be light breathers).

When the Snuza doesn?t detect a breath after 5 seconds it vibrates which should jolt him into breathing again. If for some reason the vibration doesn?t cause further breathing an alarm on the unit goes off, causing both parents to wake up, leap out of bed, and check if the little one is OK.

I can?t begin to tell you the peace of mind this little device gives me, and the $110 was well worth paying for such reassurance.

One night the alarm actually went off and I don?t think I have ever moved so quick out of bed. It was fortunately a false alarm: the waistband on his nappy/diaper had come loose and the Snuza slipped off. At least we know it works. :-)

Speaking of sleeping, for the first week and a bit we had Jack sleeping in the bassinet in our room. As we started getting him into his night-time bath, story, feeding routine we wanted to move him into his room. This is when our Motorola Baby Monitor came into play.

As a bit of a nerd, I love gadgets and I was excited to pick a good baby monitor system for when he is sleeping. Some baby monitors are audio only and some have cameras attached too. Out of one part baby safety and one part pure nerdery I naturally wanted the camera. After reading around we plumped for the same unit our friends Meg and Dan have:

This thing is pretty bad-ass. it has a camera that sits next to the baby?s bassinet/crib and a wireless color receiver. From the receiver you can see and hear the baby (it includes night-vision). You can also remotely move the camera around the room and it also has an intercom to speak to the baby (or parent) as well as the ability to play melodies to him remotely too. As a nice touch it also shows the temperature of the room to ensure it is within the recommended range to reduce SIDS.

We have found this unit to be pretty awesome. One slight issue we had at first was some interference with our wireless network (and likely our neighbor networks too). To solve this problem I found an great little tool called Wifi Radar in the Ubuntu Software Center. It simply lists all your wireless networks as well as the channels that they are on:

Network names hidden to protect the innocent.

I knew the baby monitor was on channel 6, so I tried to find a channel as far away from channel 6 for my own wifi network and it solved the problem. Now I have Internet and baby-vision. :-)

Oh one other tip, don?t watch any of the Paranormal Activity movies before getting a night-vision baby-monitor. You will spend the first few nights looking for ghosts on that familiar green screen.

Getting Out

When you become a new parent you feel a little trapped at first; you are so busy wanting to take care of your little one that you won?t find yourself getting outside all that much. Also, if mum is breastfeeding, she is going to be feeding every few hours which makes leaving the house less of a priority; it is way more comfortable to feed at home.

Something we discovered after about a week at home is that getting out every day for a walk is really helpful. Just getting out the house for an hour to get some fresh air and take Jack for a stroll was great for Erica and I to get some exercise and have a natter. It really helped, and we also discovered some awesome local trails that are great to walk along.

With this in mind you need to have the things you need to take your little one out safely.

Much as I love the gadgets, searching for a stroller was an ugly and endless task. There are hundreds of strollers from the simple to the insanely expensive and complex. As a new parent you want the best for your baby, but you also don?t want to get sucked into some of the ?for your baby to be really safe, you need to lay down $600 for a stroller? nonsense.

After spending hours searching I think I found the perfect combination of quality, convenience and price-point in the Baby Jogger City Mini:

Xzibit, will you pimp my ride?

One tip we heard from someone once was that you want your stroller to be easy to set up and collapse, particularly for my vertically-challenged wife. With the City Mini there is a single handle you pull up and that?s it?collapsed. It fits in the back of the car perfectly. It is also simple to steer, has plenty of storage, and supports lots of different car-seats to be useful from newborn to an older child.

The car-seat support feature is really handy. Again, researching car-seats can be a nightmare, but after extensive research we plumped for the Chicco KeyFit 30 and the City Mini Car-seat Adapter. This now means we can use the same car-seat for the car as well as walks, and this is more convenient for us and him. We have found this combo works great. :-)

Also, you are going to want to ensure your car-seat fits snuggly in your car. If you have a newer car you should have a LATCH system built in, otherwise you use the seat-belts. Irrespective, many localities have a service for checking car-seat installations; I took our car/seat over and the guy checked the seat base was snug and gave us some great tips (such as using blankets down the side of the car-seat (under the seat wings) to fit your newborn more snuggly).

Also, one final tip. In my first few weeks of fatherhood I have been astonished at the gravity-defying capabilities of baby shit. We took Jack out to a local reservoir for a walk a week ago and towards the end of the walk he started crying pretty intensely. We took him back to the car and he had managed to not only fill his nappy/diaper, but managed to squeeze that badness out at such a force that it went all the way up his back, all while fully clothed in a onesie and securely sat in the car-seat in the stroller. It was mind-boggling.

As such, buy a nappy/diaper bag, and put in it some wipes, nappies/diapers, a changing mat, a dummy/pacifier?and importantly?a spare onesie. Whenever you go for a walk, stick the bag on the base of your stroller and you are now prepared for the physics-bending bowel movements of an infant.

Simulating The Womb

Something we learned pretty early on is this concept called the fourth trimester. In a nutshell, your baby has been in this warm, comfortable, snug place for nine months and is then thrust into the world kicking and screaming. This can be pretty unnerving for a baby, and therefore recreating the environment of the womb is reassuring and will help them sleep. This is what you do in the fourth trimester.

At first I was a little cynical of this, but it really does work. There are a few things we have learned that I really recommend:

  • Get The Happiest Baby On The Block (I prefer the video). Although a bit cheesy, the techniques in this video are awesome (this is where the concept of the fourth trimester comes from).
  • Get a white noise app for your phone or tablet ? the sound of the white noise is really reassuring for a baby. We have an app for the tablet that we put near his bassinet and it really soothes him.
  • Babies love to be swaddled like a burrito baby (this is where they are tightly wrapped which keeps them snug like in the womb as well as not letting their little hands and arms wake them up as they flap around). You can use regular blankets for this, but we find the Halo Sleep Sacks are rocking for this. We call it his little flying squirrel outfit and he loves being in it.

The combination of these techniques has helped to keep Baby Jack nice and comfortable and contributing to him only waking up a few times during the night.

Amazon Prime

One final thing I wanted to mention. Amazon Prime has been hugely helpful for us too. I know that Prime is not available in all countries, but there are a number of things we have found it really helpful with:

  • We have bought huge amounts of baby crap before and since he was born (bottles, bottle warmers, blankets, clothes etc) and the free two-day shipping is awesome.
  • The Amazon Videos are great for watching on a tablet while feeding/soothing.
  • Amazon also allow you to have auto-shopped orders. This is great for things such as coffee and other food products so that you never run out when you are focused on raising a baby.
  • Their baby registry is great for those relatives and friends who want to contribute to your new parenthood (particularly if mum throws a baby shower).

Wrapping Up

As I mentioned earlier, Erica and I are still new at this parenting business, but we are having a great time getting to know our little boy and learning how to be the best parents we can be. The tips above are things I wish I knew when we started so I hope they are helpful to those of you who are about to become new parents. Please share your tips in the comments!

Thanks!

Source: http://www.jonobacon.org/2012/12/01/new-parenting-for-geeks/

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Many ways to purchase real estate with an IRA | Commercial ...

Posted on: November 30th, 2012 by admin@cpp

Those looking to get involved in the Atlanta commercial real estate market, but don't feel they have the proper funding, may have an option they didn't consider. Using a self-directed individual retirement account can make this type of acquisition easier.

Some companies allow investors to switch their IRA to the self-directed options, which can provide funding that wouldn't necessarily be available otherwise. Bloomberg noted that the process can be complex, which is why careful management is important. Taking funds out of the account before a person turns 59 and one-half years old will incur a penalty of 10 percent, as well as a possible invalidation of the account, altogether. Additionally, the person in charge of the fund cannot receive rental returns from the account.

There are ways to receive funds, which could benefit those who need to make repairs on the property, the news source explained. A small percentage of the total property value could be used for liquid security options. Taking advantage of this type of financing may make the purchasing process, as well as later management, possible if they don't have the means to acquire the property they wanted.

"In every major metropolitan market, you face the same issues," Jeff Desich, chief executive of Equity Trust, told the news source. "There are people now who need to rent and can't get credit any more to buy, so there's a pool of homes that have been reduced dramatically in price."

Cash deals popular with self-directed IRAs
Those who want to take advantage of a self-directed IRA for a property purchase will likely be involved in an all-cash transaction, the news source explained. While some people look to the residential market for a purchase through their IRA, this may not be a good idea. Many industry members stress the importance of apartment complexes as a property purchase. This will give the investor the ability to still have at least one tenant if another rental agreement falls through at any point in time.

The news source added that it is also important for prospective investors to avoid scams when looking for a property. This is because those companies that help an investor set up the IRA don't factor in whether or not the property is a legitimate acquisition, as it isn't a part of the process. Examining properties and purchasing situations before signing anything is a good idea in this case.

If you own or are considering a commercial building purchase or lease, contact Daniel Levison or Furman Wood of Commercial Property Professionals. They can be reached at 404-848-1776.

Source: http://www.cpprofessionals.com/cre-news/many-ways-to-purchase-real-estate-with-an-ira-48071

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Saturday, December 1, 2012

China's top daily tells U.S. to avoid fiscal cliff or lose clout

BEIJING (Reuters) - China's top newspaper scolded the United States on Friday for shirking responsibility as a superpower by prolonging uncertainty over how it will avoid a "fiscal cliff" that could put the world economy at risk.

"American politicians should understand that a 'self-created' recession will gravely erode both the soft and hard power of the United States," the People's Daily, a newspaper regarded as a mouthpiece of the ruling Communist Party, said.

"A country such as the United States that is accustomed to telling other nations to be responsible, should, on the one big problem concerning the future of the global economy, show itself to be a responsible power."

China's latest criticism of its major trade partner followed disappointment that talks between Democrats and Republicans in Washington on Thursday had failed to reach agreement over how to prevent the United States toppling off a fiscal cliff.

The U.S. economy may sink into recession unless it averts $600 billion of tax hikes and spending cuts due at the start of 2013 unless agreement is reached over how to shrink the U.S. fiscal deficit.

"Although the chance of the United States really falling over a 'fiscal cliff' is not big, frequent political bickering is disturbing the world," said the commentary, published under a pen name often used to give the newspaper's views on foreign policy issues, "Zhong Sheng", which means "Voice of China".

"This proves the U.S. political system has problems and lacks the responsibility that a big nation should have," it said, adding that the world is "no stranger to the negative impact on the global economy owing to U.S. policy mistakes."

The United States is the world's second-largest buyer of Chinese exports, after Europe which is mired in a debt crisis.

A U.S. economy in recession would be a blow to China, already trapped in its slowest annual growth in 13 years this year at around an estimated 7.5 percent as export growth crumbles and domestic demand slacken.

(Reporting by Aileen Wang and Koh Gui Qing; Editing by Simon Cameron-Moore)

Source: http://news.yahoo.com/chinas-top-daily-tells-u-avoid-fiscal-cliff-042050050--business.html

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