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Scooped by Deb Nystrom, REVELN
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Insight into Taxes & Charity: How Mark Zuckerberg’s Altruism Helps Himself

Insight into Taxes & Charity: How Mark Zuckerberg’s Altruism Helps Himself | Change Leadership Watch | Scoop.it

Mark Zuckerberg did not donate $45 billion to charity. You may have heard that, but that was wrong.  Here’s what happened instead: Mr. Zuckerberg created an investment vehicle.


Excepts:


Mr. Zuckerberg didn’t create [US] tax laws and cannot be criticized for minimizing his tax bills. If he had created a foundation, he would have accrued similar tax benefits. But what this means is that he amassed one of the greatest fortunes in the world — and is likely never to pay any taxes on it. Any time a superwealthy plutocrat makes a charitable donation, the public ought to be reminded that this is how our tax system works. The superwealthy buy great public relations and adulation for donations that minimize their taxes.

Deb Nystrom, REVELN's insight:

Things are not always as they seems in philanthropy among the top 1%.  It's important to look into the story to understand what that means to our government systems and how it impacts us. ~  Deb

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What is a Bitcoin, Besides Being Complicated? Try Virtual Finance 2014.

What is a Bitcoin, Besides Being Complicated? Try Virtual Finance 2014. | Change Leadership Watch | Scoop.it

Bitcoin and cryptocurrencies are complicated.  ...bitcoin is the rabbit leading us further down into the rabbit-hole.

     

A BitCoin is a complex digital product that is not legally currency but used as currency and is exchanged for "ordinary income," so there are therefore, tax implications.

 

....If regulators choose to attempt to shut it down, they will only push innovation overseas, possibly to China where already companies like Baidu accept it.


Related posts & tools by Deb:


Deb Nystrom, REVELN's insight:

I've paraphrased the direction of the article and scooped it here, in  Change Leadership Watch for three reasons:

1) Welcome to World 2014.   We chose what in the virtual world will become real.   Bitcoins and digital currency don't have legal standing as currency, except that people are quite actively using them as currency.  If income is earned, even if it isn't legally seen as currency, it is taxable and deductible.


2)  Bitcoin is connected to the famous Winklevoss twins, as mentioned in the film, "The Social Network" (juicy quote in the PS below.)  For all the kvetching about Facebook, WHO, in the USA, hasn't been touched by this social media giant's influence and marketing reach?  If you have a cell phone, developing nations are included in not only Facebook's reach, but perhaps ANY digital business.


3)  The Wild West side of finance is not disappearing anytime soon. Regulation will simply define where it will find a home somewhere on the globe.  Read the last statement excerpted above as the example.  Shut down USA use = shift to China or <fill in eager country here.>


PS:  Here's the quote:   Tyler Winklevoss: We can do that ourselves [beat up someone who stole their intellectual property.] I'm 6'5", 220, and there's two of me.

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The Scary Economics Of Higher Education - Forbes

The Scary Economics Of Higher Education - Forbes | Change Leadership Watch | Scoop.it
Universities could wind up in the same fix as their students: Too much debt, not enough income to pay it back.

Via Society for College and University Planning (SCUP)
Deb Nystrom, REVELN's insight:

In my own neck of town, there are so many new buildings at the big University, I have lost count.  Now Moody's is talking about what we've already known:  "Every university funding source is under pressure, Moody’s asserts, meaning that all institutions -- even the elites -- need to rethink their business models."   ~  Deb

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Society for College and University Planning (SCUP)'s curator insight, January 17, 2013 10:55 AM

"At the corner of Fifth Avenue and 14th Street in Manhattan, you can see higher education’s ambitions reaching to the sky. The New School’s 16-story University Center nears completion at a cost of $353 million.


The edifice is impressive. But would you want to hold the mortgage on it? That’s what you have, in effect, if you buy a tax-exempt bond from the New School. Before you invest in debt backed by an educational institution, think about the precarious state of this sector of the economy."

Society for College and University Planning (SCUP)'s comment, January 17, 2013 12:28 PM
That's what this quarter's MOOC is about.
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Cohabitation, academics & industry: Midwestern colleges launch Innovation campuses, public-private collaboration

Cohabitation, academics & industry: Midwestern colleges launch Innovation campuses, public-private collaboration | Change Leadership Watch | Scoop.it

"'Innovation campuses' are springing up everywhere" especially in the Midwest.

 

...the intentional cohabitation of academics and industry is key to all of them, something university leaders say made the ambitious and expensive projects palatable to legislators and voters even as the economy and higher ed appropriations shrunk.

 

Here's sampling of what is under contruction, via Inside Higher Ed:

 

...many [are] in the Midwest and almost all involving fancy new buildings and partnerships between public colleges and private corporations.

 

Public research universities have long had ties to state industries, and technology transfer is widespread in higher education.


The new innovation campuses include:

  • Kansas State University’s Olathe Innovation Campus, which was funded with a county sales tax and built on land donated by a municipality in the Kansas City suburbs.
  • across the state line sits Missouri Innovation Campus, which is being built by the University of Central Missouri and has the enthusiastic support of Democratic Governor Jay Nixon.
  • Nebraska Innovation Campus is under construction on the former state fairgrounds in Lincoln.
  • One state away is South Dakota State University’s Innovation Campus.
  • In Ohio, there’s Akron Innovation Campus.
  • Even the Aussies are getting in on the fun. The University of Wollongong is home to its own Innovation Campus.

 


Via Society for College and University Planning (SCUP)
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Jamie Dimon Comments on $100M investment in Detroit JPMorgan Chase

Jamie Dimon Comments on $100M investment in Detroit JPMorgan Chase | Change Leadership Watch | Scoop.it

Good news for Detroit.   What's the motivation?   Jamie Dimon, the CEO of JPMorgan Chase, tells TODAY's Matt Lauer in an exclusive interview that his company's $100 Good investment in the city of Detroit isn't about public relations. 


"The cynic would be wrong," Dimon told Lauer when asked if the investment was in response to a $13 billion fine levied against the company in an exclusive interview.


_________________

"I think we can make this our finest moment...if we can come together and help rebirth here." ~ Jamie Dimon, CEO

_________________

"We invest and develop communities around the world. And we've been doing this since our heritage started 200 years ago," said Dimon. "So that's what banks do. They do it commercially. They do community development."


"I think we can make this our finest moment,'' he said. "Can Americans come together, business, labor, civics...government come together and build something and fix the city? You've seen rebirth of cities all over America. I think it would be an unbelievable thing if we can come together and help rebirth here."


...Lauer asked Dimon what he expects at the end of the investment's five-year period.     "Jobs and population,'' Dimon said. "If it works, you'll have a healthy and vibrant economy, jobs and population, businesses will beget home ownership, better schools, and a completely revived city." 


Read the full interview here.


More about investing in cities by Deb here:  

     

Detroit & Vegas – A Tale of Two Cities as Our Comeback Kids 

      

Future Midwest in Detroit, A Retrospective – Photo, Video Set

      

In Detroit, Entrepreneurs Meet Success in Hard Times

     

Stay in touch with Best of the Best news, taken from Deb's  NINE multi-gold award winning curation streams from @Deb Nystrom, REVELN delivered once a month via email, available for free here via REVELN Tools.

Deb Nystrom, REVELN's insight:

All breaths of fresh air are welcome, as, indeed, it could be great hope for the city to rise up to be a  "shining example, of what can be done," if it stimulates more investment, creates jobs and revival, once again.   

The cities are the heartbeat of our nation.  This is great news for Detroit.  ~  Deb

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Revealed – the 147 Companies That Run the World | Forbes & New Scientist

Revealed – the 147 Companies That Run the World  |  Forbes & New Scientist | Change Leadership Watch | Scoop.it

An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.


The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
 

The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement, ...but the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).

_________________________

"If connectedness clusters, so does wealth, ...
money flows towards the most highly connected members." ~ Dan Braha of NECSI

_________________________

 

"Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. "Our analysis is reality-based."

From the Forbes summary version of this post:


... the data set...excludes GSEs and privately-held companies and is dominated by banks, institutional investors and mutual funds that don’t always have much in the way of control over assets.


Forbes reader danogden ...commented: “…pension plans, corporate 401(k) plans and individual funds..manage trillions in assets ultimately belonging to individuals who are predominantly not in the “1%”. …


...“custodian banks” in the list — companies who hold the assets of asset managers to ensure timely processing of things ...do not own the assets, or even really control [them.] A better list would be the actual asset OWNERS, rather than the vendors who manage, house and clear said assets.”


 If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. 


...The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest.


 

Deb Nystrom, REVELN's insight:

Complexity science is a window to understanding nature as well as ourselves in a global system.  This article is blend of two, from the original New Scientist post from 2011, and from a Forbes summary that was listed on LinkedIn today, September 2013.  ~  Deb

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Jim Allen, III's curator insight, September 13, 2013 10:26 AM

They didn't dig deep enough into who heads, runs, and holds most interest in these companies and the number will be closer to 12 families.

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New Approaches on the Fed Fast Track: Did Charles Evans Save the Recovery?

New Approaches on the Fed Fast Track: Did Charles Evans Save the Recovery? | Change Leadership Watch | Scoop.it
Chicago Fed president Charles Evans has gone from dissenter to intellectual leader in just a year. The future of the recovery might be at stake
Deb Nystrom, REVELN's insight:

When a post features statements like this, " just a year later, the Fed has fully embraced the so-called Evans rule by linking interest rates to the unemployment rate." - it's time to take notice of what captured minds, as well as hearts and the hands on the wheel of interest rates change."  ~  D

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Will it be the new "Craig's List" of $$ Transactions for 2012? Dwolla [Video]

Will it be the new "Craig's List" of $$ Transactions for 2012?  Dwolla [Video] | Change Leadership Watch | Scoop.it

 "The cost of the transaction was .25.  That's 25 CENTS.  Really!"


I've made my first transaction to pay for some website work via Dwolla. For my web-master friend, between our two bank accounts, the cost of the transaction was .25. That's 25 CENTS. Really. That was all. No %-age fee, no credit cards.


On the merchant end of things, if this catches on, it could be huge. If Google somehow gets connected to Dwolla at some point, it WILL be huge.


It might also help Google with its new YouTube merchandising business. It certainly fits with the "don't be evil" ethic suggested by the giant.


The only exception might be leadership failure. With cautionary tales like RIMM (the Blackberry manufacturer) and Rubbermaid, leadership #fails can stall even the most innovative companies.  (See the article just to the right for more about that, via ScoopIt curation on change cautionary tales.)


Here's hoping that Dwolla takes off, if for nothing else than for a business success in the direction of the 99% protests this past year, and still going on, as an example of helping things work for everyone, not just a select few.


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