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Vietnam Will Lose The Most From A Code Of Conduct In The South China Sea

Vietnam Will Lose The Most From A Code Of Conduct In The South China Sea | Business News & Finance | Scoop.it
Vietnam and China both claim the Paracel Islands, but China controls them. China is unlikely to let Vietnam pass ships near the Paracels for any reason without incident, killing Vietnam's chance of including the archipelago in a regional maritime code of conduct.
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Meet the First Asian American to Become the Dean of Yale University

Meet the First Asian American to Become the Dean of Yale University | Business News & Finance | Scoop.it
Psychology and neuroscience professor Marvin Chun will take on the role as the next dean of Yale College, according to an email announcement by University President Peter Salovey on Thursday. Chun, who is set to become the first Asian-American dean at the college, will begin his five-year term on July 1, according to the announcement. …
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First Asian-American woman on Philadelphia City Council wins Emily's List award

First Asian-American woman on Philadelphia City Council wins Emily's List award | Business News & Finance | Scoop.it

An organization dedicated to electing Democratic women to office has given Philadelphia's first Asian-American city council member an award that recognizes women in state and local government.

 

Helen Gym received the Gabrielle Giffords Rising Star Award April 17. She is the first Asian-American recipient of the award, which is issued by political action committee EMILY's List. Among Democratic women EMILY's List has endorsed include Sens. Kamala Harris, Mazie Hirono, Tammy Duckworth, and Reps. Tulsi Gabbard and Colleen Hanabusa.

 

Lucinda Guinn, vice president of campaigns at EMILY's List, highlighted the work Gym has done to support the Philadelphia public education system. The committee also commended her for her leadership in fighting for sanctuary cities and immigrant rights.

"All of our nominees this year were tremendous leaders in their communities, and Helen is no exception," Guinn told NBC News.

Gym said the award is an "incredible honor," adding that she has tremendous admiration for Gabrielle Giffords, a former congresswoman who survived an assassination attempt in 2011.

"Her advocacy, heroism and persistence is unmatched, and I'm just floored to be recognized in her name," Gym told NBC News

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Physician Survey: $91K Pay Gap for Women Docs

Physician Survey: $91K Pay Gap for Women Docs | Business News & Finance | Scoop.it

The gender pay gap for physicians may be even bigger than previously thought, according to an analysis from the Doximity social network.

In a report released Wednesday morning, Doximity said that on average, women doctors earned $91,284 less than their male counterparts in annual pay.

The figures came from self-reported compensation for 36,000 of Doximity's verified licensed physicians who reported they practiced at least 40 hours per week and were reported for 2014 to 2017.

"One of the surprising things is that for all geographies and specialties, we find that women make less than men, an average of 27% difference," said report author Christopher Whaley, of the RAND Corporation and the University of California Berkeley.

That's "even after controlling for things like specialty, where they practice, the number of hours per week they work and the amount of time they've been practicing medicine."

Doximity's national average figures reflected adjustments for a variety of factors including region, specialty, length of time practicing, and weekly hours worked. Responses in the survey did not specify whether income was for patient care versus research, consulting or other non-patient care tasks.

The report detailed large annual gender gaps in each of 48 specialties. For example, female neurosurgeons earned $92,918 less than their male counterparts while female thoracic surgeons earned $81,594 less and vascular surgeons, $88,800 less. Gaps were smaller but still significant for primary care, such as $41,771 less for internal medicine doctors and $42,555 for family practice physicians.

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Florida Real Estate Faces a Nightmare

Florida Real Estate Faces a Nightmare | Business News & Finance | Scoop.it
 

On a predictably gorgeous South Florida afternoon, Coral Gables Mayor Jim Cason sat in his office overlooking the white-linen restaurants of this affluent seaside community and wondered when climate change would bring it all to an end. He figured it would involve a boat.

When Cason first started worrying about sea-level rise, he asked his staff to count not just how much coastline the city had (47 miles) or value of the property along that coast ($3.5 billion). He also told them to find out how many boats dock inland from the bridges that span the city’s canals (302). What matters, he guessed, will be the first time a mast fails to clear the bottom of one of those bridges because the water level had risen too far.

“These boats are going to be the canary in the mine,” said Cason, who became mayor in 2011 after retiring from the U.S. foreign service. “When the boats can’t go out, the property values go down.”

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THIS JUST IN: FTC Takes Action Against Influencers, Marketers Over Sponsored Posts

THIS JUST IN: FTC Takes Action Against Influencers, Marketers Over Sponsored Posts | Business News & Finance | Scoop.it
In a landmark bout of activity, the Federal Trade Commission (“FTC”) has
announced that it is, in fact, watching celebrities, athletes, and other
influencers on Instagram. According to a statement from the government
agency, after reviewing Instagram posts by celebrities and influencers, its
staff has sent out more than 90 letters reminding influencers and marketers
that they must clearly and conspicuously disclose their relationships when
promoting or endorsing products through social media.
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Be Wary of Designs to Avoid Employment Taxes through Wellness Plan Benefits

Be Wary of Designs to Avoid Employment Taxes through Wellness Plan Benefits | Business News & Finance | Scoop.it
In the IRS Chief Council Advice Memorandum 201622031, the IRS addresses the tax treatment of three different situations in which wellness benefits result in taxable income to employees.
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Tax Day Reading of Our Glorious Tax Code

The folks from the Tax Revolution Institute read the tax code so you don't have to. Well, the first little bit of it anyway: we only have 14 hours o

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The Longest Book Millennials Won’t Read: The Tax Code

The Longest Book Millennials Won’t Read: The Tax Code | Business News & Finance | Scoop.it

If we are going to #AxTheTax, we need strong leaders who will help hold our government accountable. Thankfully YAL and others continues to cultivate more leaders every day. Perhaps someone in their organization can be the next Ron Paul setting the record straight that, “Taxation is theft.”

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Group protests Tax Day by reading US tax code outside IRS building

Group protests Tax Day by reading US tax code outside IRS building | Business News & Finance | Scoop.it

As millions of Americans scramble to file their tax returns, one group is protesting the complexity of the U.S. tax code by reading it out loud in front of the Internal Revenue Service headquarters in Washington on Tuesday.

The Tax Revolution Institute, a nonprofit advocating for a simpler and "voluntary" tax system, organized the protest and hopes members of the public will stop by their setup, complete with plush recliners, and help them read as much of the tax code as they can before sundown. 

"The purpose of the protest is to highlight the absurdity of the U.S. tax code," says Dan Johnson, the executive director of the Tax Revolution Institute. "Few Americans can comprehend it, much less comply with it."

Coming in at 74,608 pages in length, the U.S. tax code is the longest in the world. It has grown steadily over time, with most of the growth coming in the last 30 years. It has nearly tripled in length since 1984.

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Countdown To Retirement Begins! Tax Code To Disappear On December 31, 2019?

Countdown To Retirement Begins! Tax Code To Disappear On December 31, 2019? | Business News & Finance | Scoop.it

It's April 14th. Yet through a cruel twist of fate, you've still got FOUR DAYS - including an extra weekend -- of tax season left. It's been two months since you bid goodbye to your family and relocated to your office, and you're at your breaking point. You spend the majority of your waking hours either quietly sobbing in your car, or daydreaming of an alternate existence. One where you're a racecar driver. Or an underwear model. But most importantly, one where the tax law doesn't even exist.

Well, do I have some welcome news for you. If one Congressman has his way, you've only got four busy seasons left, and that holds true whether you're sixty years old or just starting your career. Because beginning in 2020, the tax law will be no more.

 

As you may have noticed, our current Internal Revenue Code is a bit of a mess. Between the Code and Regulations it comprises nine volumes of text, and that doesn't include a century's worth of administrative rulings and judicial precedent. There are tens of thousands of pages. Tangles of limitations, thresholds, and exceptions to exceptions. At the moment, we have a whopping ten possible tax rates on ordinary income, and another five on long-term capital gains and dividends. It's a disaster.

 

Tax reform is the answer, but it's much easier to talk about than to execute. The Code got to be the monstrosity that it is through the catering to special interests groups by Congress, and those special interest groups, and the Congressman in their pockets -- remain. As a result, removing even a single loophole has become a Herculean task.

As we approach the November election, you'll hear both sides loudly proclaim their desire for an overhaul of the tax system and the need for simplicity, but it's little more than posturing. Republicans and Democrats have such disparate views of the basic elements of an effective tax system -- with Democrats embracing ever-higher rates, while Republicans want lower rates and fewer deductions -- dreaming of an easier-to-manage Code is a fool's errand. To get both sides to agree, some drastic measure would have to be the impetus for change.

 

Enter Congressman Bob Goodlatte (R-VA) and his "Tax Code Termination Act." Goodlatte sponsored H.R. 27, a bill that would do exactly what it sounds like: put an end to the Internal Revenue Code.

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I'm Sorry Our Officers Dragged Doctor Off United Plane, Aviation Boss Says

I'm Sorry Our Officers Dragged Doctor Off United Plane, Aviation Boss Says | Business News & Finance | Scoop.it

Aviation Commissioner Ginger Evans apologized Thursday for allowing a Louisville doctor to be dragged off a United Airlines flight Sunday and seriously injured.

Dr. David Dao's nose was broken, two of his front teeth were lost, and he suffered a concussion during the incident, his attorney said Thursday morning.

“I want to express our extreme regret for the actions of our officers," Evans said at an emergency hearing of the City Council Aviation Committee.

Ald. Michael Zalewski (23rd) called the incident that was captured by several other passengers on widely seen videos a "nightmare" that was "totally avoidable.

Zalewski said there were no excuses for the incident that began when several Aviation security officers gathered around Dao's seat before one officer lunged at him, dragging him forcefully out of his seat as the doctor wailed.

"We have to make sure this never happens again," Zalewski said.

Three Aviation security officers have been suspended with pay in connection with their role in this incident.

None of the officers, who are represented by the Service Employees International Union, have been identified by city officials.

Evans said a complete investigation of the incident was underway, and the results would be released publicly when the investigation is complete.

In response to heated and repeated questioning by 14th Ward Ald. Ed Burke, Evans acknowledged that Aviation security officers had been ordered to no longer wear uniforms emblazoned with the word "police."

Evans said the Aviation security officers were told in January to identify themselves as "security."

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Addicts Who Can't Get Opioids Are Overdosing on a Diarrhea Drug

Addicts Who Can't Get Opioids Are Overdosing on a Diarrhea Drug | Business News & Finance | Scoop.it
“We’ve had patients tell us they take 400 to 500 tablets day … They put it in a blender and make a smoothie and drink it over one or two hours.”
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Monument honoring Vietnam helicopter crews approved for Arlington Cemetery

Monument honoring Vietnam helicopter crews approved for Arlington Cemetery | Business News & Finance | Scoop.it
It took three years, but the pilots and crew members who died will be honored.
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Student Tackles Digital Divide with Refurbished Computers

Student Tackles Digital Divide with Refurbished Computers | Business News & Finance | Scoop.it
High school junior Terence Lee has spent his life surrounded by the latest tech gadgets the industry has to offer, but when he noticed other children didn't have the same access — he decided to d
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Palm Beach socialite’s daughter jailed, accused of stealing from her

Palm Beach socialite’s daughter jailed, accused of stealing from her | Business News & Finance | Scoop.it

In the latest drama involving 86-year-old Palm Beach socialite Mary Montgomery, her troubled daughter once again has landed behind bars, charged with stealing millions of dollars worth of items from her mother, including a Rolls-Royce, a Bentley, her wine collection and her silverware.

There’s also $5.54 million in jewelry missing from Mary Montgomery’s safe, but her daughter has not been charged with taking those valuables.

Palm Beach County jail records show Courtnay Montgomery — who tried to get her mother’s professional guardian removed — was released from custody early Thursday on $30,000 bond. She is charged with grand theft of more than $100,000 in connection with the taking of assets from her mother’s mansion, Sin Cuidado, at 1800 S. Ocean Boulevard, south of Southern Boulevard.

A phone message left for Courtnay Montgomery was not returned. An email to her lawyer in the guardianship matter, Jennifer Carroll, was also not returned. Her receptionist hung up on a reporter trying to leave a message.

Courtnay Montgomery faces five charges in Minnesota involving siphoning off more than $188,000 from her mother, who suffers from dementia and was found by a Palm Beach court to be incapacitated in March 2016. Mary has been living at the Lourdes Noreen McKeen nursing home but has been making social engagements recently.

The irony in both criminal cases is that Courtnay Montgomery is the only heir to her mother’s fortune left behind by famed litigator Robert Montgomery. However, when Mary Montgomery was placed in guardianship in wake of the Minnesota incident, the socialite’s assets were placed in the hands of Hilda Santana, a former assistant, and Michael Strickland, managing director of Northern Trust, a wealth management company.

The Montgomerys were celebrated socialites and philanthropists on Palm Beach. They had two children — a son, Scott, who died in 1992, and Courtnay, 53. Those close to the Montgomerys say both children were adopted, but Courtnay has denied it in recent interviews with The Palm Beach Post.

The Montgomerys were known as benefactors, especially to the Palm Beach Opera, as well as other causes. Robert Montgomery was one of South Florida’s most renowned lawyers during his lifetime, hammering out the landmark settlement that forced tobacco companies to pay the state of Florida $11.3 billion.

“It’s a very sad case. Courtnay is a troubled soul,” said Richard Rampell, Mary Montgomery’s long-time accountant. “People talk about how Bob Montgomery was so smart, why didn’t he protect himself from this sort of thing and the fact is that he did. He knew something like this could happen and he tried to arrange his financial affairs to protect Mary.”

Robert Montgomery died in 2008 of cancer.

 
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One Man’s Story on Being Gay and Out in the British Military

One Man’s Story on Being Gay and Out in the British Military | Business News & Finance | Scoop.it
This is a first hand account by LGBTQ Heritage founder, Tim. "I joined the British Royal Navy as a officer in 2006. It was only six years after the ban on gay people serving in the military was lifted but this actually never even entered my mind in deciding to join up. At the time…
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Citizens Climate Lobby Earth Day - Learn and Act

Citizens Climate Lobby Earth Day - Learn and Act | Business News & Finance | Scoop.it

Scientist Alec Bogdanoff, PhD Science Director of Coastal Risk Consulting (CRC) in Plantation, FL (www.coastalriskconsulting.com) will present about causes and effects of local flooding caused by King Tides, storm surges, and sea level rise.

Geosciences Doctoral student Andrew Kamerosky of Florida Atlantic will explain about the effects that climate change is having on our local wildlife

We will be raffling off some door prizes to registered guests.
Light refreshments will be served.

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Hollywood Studio Picks Up Justin Chon’s Gook

Hollywood Studio Picks Up Justin Chon’s Gook | Business News & Finance | Scoop.it
Gook by Justin Chon Justin Chon’s Gook will be screened nationwide this summer. The Next Audience Award winner at the Sundance Film Festival has been picked up by Samuel Goldwyn Films, reported Variety. The film evolves around the story of two Korean American brothers and their unlikely friendship with an 11-year-old African American girl during the height of racial tensions and the 1992 Los Angeles riots. “The core ethos of our company is to offer original voices and uniquely told stories the opportunity to reach a broad audience and we could not be more proud to bring such a relevant film from an emerging filmmaker into the marketplace,” said Peter Goldwyn, president of Samuel Goldwyn Films. Chon both directs and stars in the film alongside David So and Simone Baker, who portrays the 11 year old. Gook is also scheduled to play at the upcoming San Diego Asian Film Festival on April 29th. The film is produced by James J. Yi and Alex Chi and is based on an incident during the Koreatown riots.
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A Tax Day Protest for the Ages | Robin Koerner

A Tax Day Protest for the Ages | Robin Koerner | Business News & Finance | Scoop.it
The Tax Revolution Institute isn't marching or writing letters. No, this year, they're protesting our 74,000-page theft code by... reading it. In front of the IRS building. For the whole world to see. All day. It's happening right now and you can watch it here.
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Column: Why we need to rewrite our tax code from scratch

Column: Why we need to rewrite our tax code from scratch | Business News & Finance | Scoop.it
As we’ve seen in other countries, the way to bring about fundamental change in a dysfunctional tax code is to start over.
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Beat the Clock: Libertarian Thinktank Tries to Read Entire IRS Code on Tax Day - The Liberty Conservative

Beat the Clock: Libertarian Thinktank Tries to Read Entire IRS Code on Tax Day - The Liberty Conservative | Business News & Finance | Scoop.it

Analysts from the Tax Revolution Institute (TRI), a Washington D.C.-based libertarian thinktank, are attempting to read the entire federal tax code outside the Internal Revenue Service (IRS) building. They will read for 14 straight hours today through the convoluted minutia of the documents, hoping to finish reading it in its entirety when the day is concluded. They are calling their display the "Tax Day Reading of Our Glorious Tax Code" and it is already underway. The livestream of this demonstration can be found here. "Complying with the tax code costs the United States a cool trillion dollars per year. That’s the entire GDP of Mexico," TRI Communications Director Robin Koerner said in a Liberty Beacon op/ed. In the fiscal year 2016, the federal government confiscated an incredible $3.27 trillion from taxpayers, which set a new record. Income taxes contributed a staggering $1.55 trillion to that total, nearly half of the revenue collected. This still wasn't enough to cover the operating costs of the federal government, as they still ran a deficit of $587 billion. The income tax system has drawn frequent ire from conservatives and libertarians, but substantial reform has been a non-starter. The TRI is bringing a new idea to the forefront of the discussion that they hope will finally gain enough traction to be enacted: voluntary taxation. Founded in 2015, TRI's goal is to create less coercive federal tax code. They envision a tax code where individuals could choose to spend their money on programs that they support. The project is in its initial stages, and TRI hopes to raise awareness of their solution with protests and displays like the one they are holding today. "The future is promising if we take decisive action. The American people deserve better. We can do better," TRI founder Daniel Johnson said. The demonstration is expected to go into the long hours of the night. | The Liberty Conservative is an online political magazine devoted to the vision of less government and more liberty in achieving true prosperity for all. We intend to accomplish this by informing and educating our readers on our core values of free markets, limited government, non interventionism, and personal freedom.

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Korean man sues American Airlines for discrimination in bumping

Korean man sues American Airlines for discrimination in bumping | Business News & Finance | Scoop.it

After a 69-year-old doctor forcibly removed from a United Airlines flight because the airlines needed his seat for a crew member, a Korean pastor has launched a lawsuit against American Airlines alleging discrimination in being bumped from a flight.

 
Pastor Benny Shin filed the lawsuit Thursday. The suit was formally filed about two hours after Dr. David Dao’s lawyers held a press conference announcing they are most likely going to file a lawsuit against United Airlines for injuries caused to their client after he was forcibly removed from a United flight on Sunday.
 
Shin’s lawsuit was first reported by TMZ. The incident that is subject of the Korean pastor’s lawsuit occurred in June 2016 when Shin planned to fly from Dallas to Corpus Christi. He had a ticket and was waiting to board the flight until a gate agent told him he couldn’t.
 
According to court filings, Shin had purchased his ticket and had selected his seat but was still not allowed on the plane. He further alleges there were between five and seven white people in line behind him and they were allowed to board. American gave him a voucher to fly the next day.
 
Shin is suing for $6 million, claiming the experience left him humiliated, embarrassed and he was scared when he was not allowed to board the plane.
 
The incident involving Dao and United Airlines has drawn a lot of attention to the policy of airlines overbooking and bumping passengers. Airlines traditionally sell more seats than their planes can hold so they do not have empty seats as a result of no-shows. When the flight remains overbooked as in the case of United Airlines Flight 3411, the airline ask for volunteers to miss the flight in exchange for a later flight, monetary compensation and if required, accommodation. If there are not enough volunteers, they choose people to keep off the plane.
 
Outrage on social media was perhaps the strongest in China and Vietnam where users claimed Dao was removed from the flight because of his race.Outrage over what happened to Dao led for calls to further legislate airlines regarding overbooking and bumping. New Jersey Governor Chris Christie is calling for regulatory reforms of the airline industry. Christie told Fox & Friends, 70 percent of flights to and from Newark’s airport is operated by United Airlines and many people have no choice. He said, “The attitude of that airline is terrible.”
 
In Canada, Transportation Minister Marc Garneau said what happened with the United flight is “unacceptable” in Canada and the government is working on new legislation that will include a passengers’ bill of rights. 
 
In the wake of the outrage caused by what happened in Chicago on Sunday, more lawsuits such as the one brought by Shin can be expected.
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United failed doctor David Dao 'at every level'

United failed doctor David Dao 'at every level' | Business News & Finance | Scoop.it

Sky's Kay Burley asks: Has an industry that runs on safety, trust and professionalism forgotten that passengers are people too?

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United did NOT take David Dao's bags off plane

United did NOT take David Dao's bags off plane | Business News & Finance | Scoop.it
Dr David Dao, who was dragged off a Untied plane from Chicago to Louisville on Sunday was further insulted when the airline withheld their luggage, sending it on a convoluted path home.
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