September 2009

Microsoft CEO takes pay cut after rough year

SEATTLE (Reuters) –
Microsoft Corp paid its chief executive Steve Ballmer 5.5 percent less for the last fiscal year as the world's biggest software company suffered its first ever drop in annual sales.

Ballmer, CEO since 2000, earned a total of $1,276,627 for fiscal year 2009, which ended June 30, according to a filing with securities regulators on Tuesday. That is slightly below the previous fiscal year's total of $1,350,834.

Ballmer's salary of $665,833 was up slightly from last year, but his bonus was slashed by $100,000 to $600,000. At his own request, Ballmer receives no compensation in the form of Microsoft shares.

Microsoft lowered compensation for most of its highest-level executives in the last fiscal year. It said in January that it had frozen salaries for fiscal 2010 which started July 1, in response to the difficult economic climate.

The company suffered its first-ever drop in annual revenue in fiscal 2009 and operating profit fell 9 percent to $20.4 billion. Its shares fell 13.6 percent over the 12-month period.

Even in good times, Microsoft has never made a splash with huge pay packages, although many of its employees and executives have become millionaires by owning Microsoft shares.

Ballmer himself owns about 408 million Microsoft shares, according to Tuesday's filing, worth more than $10 billion.

(Reporting by Bill Rigby; editing by Carol Bishopric)

Nero's rotating banquet hall unveiled in Rome

ROME – Archaeologists on Tuesday unveiled what they think are the remains of Roman emperor Nero's extravagant banquet hall, a circular space that rotated day and night to imitate the Earth's movement and impress his guests. The room, part of Nero's Golden Palace, a sprawling residence built in the first century A.D., is thought to have been built to entertain government officials and VIPs, said lead archaeologist Francoise Villedieu.
The emperor, known for his lavish and depraved lifestyle, ruled from 37 A.D. to 68 A.D.
The dig so far has turned up the foundations of the room, the rotating mechanism underneath and part of an attached space believed to be the kitchens, she said.
"This cannot be compared to anything that we know of in ancient Roman architecture," Villedieu told reporters during a tour of the cordoned-off dig.
She said the location of the discovery atop the Palatine Hill, the rotating structure and references to it in ancient biographies of Nero make the attribution to the emperor most likely.
The partially excavated site is part of the sumptuous residence, also known by its Latin name Domus Aurea, which rose over the ruins of a fire that destroyed much of Rome in A.D. 64.
The purported main dining room, with a diameter of over 50 feet (16 meters), rested upon a 13-foot (4-meter) wide pillar and four spherical mechanisms that, likely powered by a constant flow of water, rotated the structure.
The discovery was made during routine maintenance of the fragile Palatine area, officials said.
Latin biographer and historian Suetonius, who chronicled his times and wrote the biographies of 12 Roman rulers, refers to a main dining room that revolved "day and night, in time with the sky."
Angelo Bottini, the state's top official for archaeology in Rome, said the ceiling of the rotating room might have been the one mentioned by Suetonius, who wrote of ivory panels sliding back and forth to shower flowers and perfumes on the guests below.
"The heart of every activity in ancient Rome was the banquet, together with some form of entertainment," Bottini said at the dig. "Nero was like the sun, and people were revolving around the emperor."
That part of the palace — which sprawled across nearly 200 acres (80 hectares) occupying parts of four out of Rome's seven ancient hills — offered a panoramic view over the Roman Forum and a lake, later drained by Nero's successors to build the Colosseum, Bottini said.
Described by Suetonius as one of Rome's most cruel, depraved and megalomaniac rulers, Nero often indulged in orgies and, fancying himself an artist, entertained guests with his own performances of poetry and songs.
However, Nero did not enjoy the frescoed halls and gold-encrusted ceilings of his Golden Palace for too long. It was completed in A.D. 68 — the year the unpopular emperor committed suicide amid a revolt.

Congress Tackles Afghanistan Strategy As Obama Wavers (Time.com)

President Barack Obama is taking out a blank sheet of paper this week as he weighs his options in Afghanistan, and Congress stands more than willing to fill it in. The Senate on Sept. 29 is expected to debate amendments to the 2010 defense appropriations bill that are likely to include everything from timelines for withdrawal of U.S. troops from Afghanistan to proposals to send upwards of 40,000 more. But, unlike health-care reform, this isn't a decision Obama can leave in the hands of the Legislative Branch - however undecided he remains today.
Six months ago Obama called for a new strategy in Afghanistan, but the President now appears to be wavering in the wake of a report by his top commander there, General Stanley McChrystal, that says 10,000 to 40,000 more troops are needed or the mission "will likely result in failure." With his advisers split between advocating a full-scale counterinsurgency, which some Democrats say amounts to nation-building, and a more limited counterterrorism approach against the Taliban and al-Qaeda, Obama will now hold five more meetings of the National Security Council on the issue before making up his mind, National Security Adviser James Jones told the Washington Post. Jones emphasized there's no set deadline and that the President will "encourage freewheeling discussion" and "nothing is off the table." See TIME's photo-essay "U.S. Marines Open a New Offensive in Afghanistan."
The Administration spent much of last week distancing itself from McChrystal's recommendation. "There are other assessments from very expert military analysts that have worked on counterinsurgencies that are the exact opposite," Secretary of State Hillary Clinton told PBS's NewsHour. But with Centcom commander General David Petraeus and chairman of the Joint Chiefs of Staff Admiral Michael Mullen lining up behind McChrystal, some Republicans are accusing the President of risking the lives of the nearly 68,000 troops already in Afghanistan by "dithering," as the top Republican on the Intelligence Committee, Kit Bond, put it on Fox News Sunday. And there are inherent political dangers for Obama if he chooses to buck the advice of his military commanders. Fox News Sunday's host, Chris Wallace, went so far as to ask his guests if Obama could follow the Harry Truman mold that led to the firing of General Douglas MacArthur. "A half measure does not do justice," Senator John McCain said on ABC's This Week. "And time is important, because there's 68,000 Americans already there. And casualties will go up."
Along those lines, Republicans are expected to introduce a spate of amendments to this week's fiscal 2010 Defense Appropriations Act in the Senate. One will probably be a demand to have McChrystal testify before Congress - a move the Defense Department has so far resisted until after the Administration sets its policy. Other potential amendments include one to increase funding for troop training, an amendment expressing the sense of the Senate in support of troop increases and maybe even one expressly supporting McChrystal's recommendations. On the Democratic side, an amendment is expected, perhaps from Wisconsin Democrat Russ Feingold, that would set a timeline for withdrawing troops from Afghanistan. (Read "Afghanistan: Looking for the Way Ahead.")
"Many Democrats will say that we need to wait for the President to submit a plan," said a Democratic leadership aide. "Republicans will say, 'You didn't mind second-guessing George Bush on Iraq.' " Obama's dilemma is this: If he chooses to send more troops, he will have near united Republican support but will divide his own party; if he decides against a counterinsurgency strategy, he will be reversing a campaign promise uniting Democrats, the majority of whom are opposed to an expanded U.S. footprint in Afghanistan.
Still, in the end, Obama's decision will probably depend as much on politics in Afghanistan as on politics in Washington, especially given the disputed Afghan election. As President Bill Clinton said on Meet the Press: "I think that what the President has done here is not to dis [General McChrystal], but he's saying, 'Look, my responsibility is not just to win military battles, but to see that at least it's something bigger ... for ourselves and our security and for the people of Afghanistan. And I got to decide whether we got a partner there,' which means there has to be a functioning Afghan government."
See TIME's Pictures of the Week.
Watch the video "The Challenge on the Ground in Afghanistan."
View this article on Time.comRelated articles on Time.com:Congressional Democrats Consider Parting With Obama on Afghanistan Turning Point Looms for the U.S. in Afghanistan Will the U.S. Need More Troops in Afghanistan? Obama's Yes-We-Can War: 17,000 More Troops to Afghanistan Obama Moves on Afghanistan

Big carriers add $10 surcharge on 3 busy days

MINNEAPOLIS – Several big airlines this week have added $10 surcharges for most of their tickets for travel on three busy days around Thanksgiving and New Year's holidays.
American and United airlines added the charge for most of their fares for travel on Nov. 29, the Sunday after Thanksgiving, as well as Jan. 2 and 3. On Friday US Airways Group Inc. matched the surcharge, and FareCompare.com said Delta Air Lines Inc. added it, too.
Spokespersons for Southwest Airlines Co. and Continental Airlines Inc. both said they had not added the surcharge.
Rick Seaney of FareCompare.com noted that the Sunday after Thanksgiving is one of the busiest travel days of the year, and that the two dates in January are heavily traveled as well.
He said the airlines probably added the charge rather than raise base fares because it was a quick, targeted way to charge more on busy travel days.
"The bottom line this year for consumers is that it's pretty clear that if you procrastinate on your holiday travel, you're going to get stung," he said.
He said holiday fares are still running 15 percent to 20 percent lower than last year, with prices to bigger cities carrying the bigger discount from a year ago.
American added the charge on Wednesday and United matched on Thursday.
Shares of American parent AMR Corp. rose 28 cents, or 3.6 percent, to $8.02. United parent UAL Corp. added 47 cents, or 5.3 percent, to $9.30, and US Airways Group Inc. was up 5 cents to $4.96. Delta Air Lines Inc. rose 13 cents, or 1.5 percent, to $9.05.

TLC's 'Jon & Kate' is soon to be 'Kate Plus Eight'

NEW YORK – "Jon & Kate Plus 8" is about to be rechristened "Kate Plus Eight."
That's the word from the TLC network, announcing Tuesday that its hit reality show will be adapting to changes in the Gosselin (GAHS'-lihn) household, which for months has been disrupted by the split up of Jon and Kate.
The renamed "Kate Plus Eight" begins Nov. 2. It will continue to focus on the lives of the young Gosselin twins and sextuplets but with a deeper focus on Kate's role as a single mother.
TLC says Jon Gosselin will continue to appear on the show, but less often.
The couple made their separation official on an episode that aired in June. TLC says they are in divorce proceedings.
The series, which airs Mondays at 9 p.m. Eastern, premiered in 2007.
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TLC is owned by Discovery Communications, LLC.
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On the Net:
http://www.tlc.com

WASHINGTON – CORRECTS: U.S. gov't is told Swiss can have access to 3 Americans who have been detained in Iran since July. (Corrects APNewsAlert to show U.S. is told that Swiss, not the U.S., can see Americans held in Iran.)

Fence Fort Worth

Fence Fort Worth

Five foot high fences (over which many people can see and talk) are increasingly being superseded by six-foot fences giving the impression of complete privacy.

The "open range" tradition of requiring landowners to fence out unwanted livestock was dominant in most of the rural west until very late in the 20th century, and even today, a few isolated regions of the west still have open range statutes on the books. Today, across the nation, each state is free to develop its own laws regarding fences, but in most cases for both rural and urban property owners, the laws are designed to require adjacent landowners to share the responsibility for maintaining a common boundary fenceline, and the fence is generally constructed on the surveyed property line as precisely as possible.

NYC terrorism suspect to be arraigned Tuesday

NEW YORK – Authorities know the identities of three people believed to be in on a terrorist scheme targeting New York City, a law enforcement official has confirmed, as an Afghan immigrant accused of plotting with them to try to turn common chemicals into explosives is due in federal court Tuesday morning.
Najibullah Zazi is to be arraigned in a Brooklyn courtroom on charges he conspired to use weapons of mass destruction. The 24-year-old airport van driver and former coffee cart vendor has denied any wrongdoing.
A letter filed by Brooklyn prosecutors last week argued that that Zazi should be jailed indefinitely because, as an Afghan immigrant with ties to Pakistan, he could flee, and because he "poses a significant danger" to the community.
Evidence gathered — including bomb-making instructions found on his laptop computer — shows "Zazi remained committed to detonating an explosive device" until he was arrested, the letter said.
The law enforcement official, who spoke on condition of anonymity because the investigation continues, confirmed the bombing plot might have targeted mass transit in the New York area.
Authorities released a flurry of terrorism warnings for sports complexes, hotels and transit systems even while saying the plot was disrupted before it become an immediate threat.
The official who spoke to The Associated Press declined to comment further about the co-conspirators, and there have been no reports that the bomb-making materials have been recovered.
The accomplices are suspected of traveling from New York City to suburban Denver this summer and using stolen credit cards to help Zazi stockpile beauty products containing hydrogen peroxide and acetone, which can be key ingredients for homemade bombs, authorities have said.
Before the raids, police detectives showed a source — a Queens imam at a mosque where Zazi had once worshipped — photographs of him and three people considered possible suspects, court papers say. It was unclear whether those three were the same ones suspected of traveling to Denver.
Spokesmen James Margolin for the FBI, Edward Mullen for the New York Police Department and Robert Nardoza for the U.S. attorney's office in Brooklyn declined to discuss the case.
Prosecutors allege that Zazi has admitted that while living in Queens, he traveled last year to Pakistan and received explosives training from al-Qaida. Security videos and store receipts show that when he returned and moved to Aurora, Colo., he and three others bought several bottles of beauty products over the course of several weeks, court papers said.
On Sept. 6, Zazi took some of his products into a Colorado hotel room outfitted with a stove on which he later left acetone residue, authorities said. He repeatedly sought another person's help cooking up the bomb, "each communication more urgent in tone than the last," the papers said.
The FBI was listening to Zazi and becoming increasingly concerned as the anniversary of the Sept. 11, 2001, attacks and a New York visit by President Barack Obama approached, officials said. They decided to track him on Sept. 9 when he rented a car and drove to New York.
On Sept. 10, Zazi told the Queens imam in an intercepted phone call that he feared he was being watched, court papers said. The imam later tipped Zazi off, saying police had come around and asked questions, the papers said.
Zazi cut short a five-day trip and flew back to Denver on Sept. 12. He was arrested a week later and initially charged along with his father and the imam with lying to investigators.

Sales Tax

This prevents so-called tax "cascading" or "pyramiding," in which an item is taxed more than once as it makes its way from production to final retail sale. There are several types of sales taxes: Seller or Vendor Taxes, Consumer Excise Taxes, Retail Transaction Taxes, or Value Added Taxes.

Some or all of these taxes may be refunded but it generates a lot of paperwork (and income). The VAT paperwork can be burdensome but it remains a major source of tax income for most of the European Union, Mexico and other countries which charge on average a 15-25% VAT rate. Canadian sales taxes range from 5% in Alberta to an effective 16.6% in Prince Edward Island where sales tax is also applied to the federal Goods and Services Tax.

Sales Tax