Stimulating the economy through tax credits

One of the best ways for an economy to grow is to make sure that citizen have more disposable income. The money that goes into the government does not always benefit the people it was intending to, but when people have more money in their pockets, there is a much greater chance of economic activity.

There are some great advantages to the economy when tax credits are given to individuals and businesses. In either case, the money is generally going to be spent in or around the economy which is greater economic activity.

Advantage for individuals

There are a few well-known tax credits available to individuals such as the child tax credit and earned income credit. In a study done by the Center on Budget and Policy Priorities, a think tank located in Washington, DC, it was found that these two credits are responsible for an increase in the personal promotion of work, a reduction in poverty, and increased support for child development. The reality is that when people have more they are likely to spend more. There is no better way to expand an economy than with spending from the individuals in that economy with the business in that economy.

Advantage for businesses

Although businesses can receive some benefit from their own tax credits accrued to their accounts such as FUTA and SUTA, the greatest thing that a business can receive is profits from the sale of its goods and services. When people are spending money because of tax credits, there is a much greater opportunity for businesses to pitch products and services that they might not otherwise be able to afford. Saving more does not mean a thing if they are not spending it on other items of more usefulness.

Facts that stand

The Brookings Institute has put out reports that show how decreased poverty is a very strong indicator of economic progress. Tax credits are known to decrease poverty by simply giving individuals more disposable income which they in turn will send back into the economy. There may be some who believe that this is not as strong a correlation; however, statistical data bears this out. Business require income in order to operate, households require income in order to spend with those businesses. Earned income credit has the potential of putting billions into circulation for an economy. This very same money, when left in government hands, does not yield the same result. The government collects taxes; they do not earn income by way of productivity. The economy has to be left to produce products and services; but allowed to sell them to people who have the income to purchase them.

Top 5 Boarding Schools on the East Coast

If you want the best possible future for your child, then providing them with the best possible education can give them the skills and life experience they need to succeed.

Boarding schools are a great option, but how do you know which ones would best suit you and your child?

Here is our list of the top five boarding schools on the east coast.

Phillips Exeter Academy

Phillips Exeter Academy is located in Exeter, New Hampshire and is a co-educational school for grades 9 through 12.

Steeped in a rich history, the Academy was founded in 1781 by banker and educator John Phillips.

The Academy is noted for their Harkness teaching style in which students and faculty discuss in a seminar style around an oval table.

Notable alumni include Joseph Coors, David Rockerfeller Jr., Pierre S. Dupont, and even Facebook’s Mark Zuckerberg.

The Taft School

Founded by Horace Dutton Taft in 1890, the brother of President William Howard Taft. The Taft School is a coeducational school for grades 9 through post-graduate studies.

The school features a 226-acre campus located in Watertown, Connecticut and currently has 124 faculty members and 589 students.

The campus has a collegiate feel with a 56,000 volume library, 45,000 square foot science and mathematics building, two theaters, and even an 18-hole golf course.

St. George’s School

St. George’s School is private coeducational boarding school with an Episcopalian denomination.

Located in Middletown, Rhode Island, and founded in 1896 by Reverend John Byron Diman, the school’s campus is colloquially known as “The Hilltop” and overlooks the Atlantic Ocean.

The average class size at St. George’s School is a remarkable 11 students and offers a unique and tailored learning experience. The school offers study abroad programs and even a semester at sea on the Geronimo.

Choate Rosemary Hall

Choate Rosemary Hall is a coeducational boarding school locating in Wallingford, Connecticut, and was founded in the 1890’s as two separate schools merged and became one.

The school has a 6 to 1 student to faculty ratio with a curriculum of over 300 courses. They even have a program in which every student receives an iPad to help further their studies.

More than 83% of their students score a 4 or better on their AP exams.

From a list of impressive alumnus, perhaps the most notable is President John F. Kennedy.

St. Albans School

Rounding out our list is St. Albans School, located in Washington, D.C., with an Episcopalian religious affiliation.

The school was founded in 1909 with funding provided by Harriet Lan Johnston, the niece of President James Buchanan.

St. Albans has 575 enrolled students with a student-to-faculty ratio of 7 to 1.

The school offers a myriad of extracurricular activities and clubs including the student paper which was founded in 1930.

Notable alumni include Secretary of State, John Kerry, as well as Neil Bush, son of President George H.W. Bush.

Keeping the Tax Credit Program is a valuable idea

Who out there is familiar with the New Markets Tax Credit program? There was a recent write-up about it by Frank Haley. In this article, Frank really hit the nail on the head. Today is not about ripping Frank’s words out from under him.

Today’s objective is about the success this program has had. It’s also about why Maine’s state representatives shouldn’t be turning a blind eye to this project. It’s also about how they should find a way to keep it going for many years to come.

Here are some exciting statistics to share:

In the last few years, since the inception of this program about 13 years ago, there has been a significant rise in acquiring and keeping a full-time job.

Let’s look further with this one. Most people have a hard time finding a job these days, let alone keeping one. A person makes one wrong move and they are shown the door. With this program over 20 projects have been created. This means more jobs are there to search out. These are good-quality jobs too. With these being better jobs, it becomes extra imperative to keep the workers.

This fits in the overall scheme of what they are looking to achieve. There are now over 177,000 full-time men and women employed in jobs they care very much about. The numbers just keep on rising. It’s all because of the Tax Credit Program.

Let’s look at another fact. When it comes to the creation of good-quality jobs, most feel they have to resort to tearing up the natural forest and other land life, just to make a buck. This program has actually saved this land.

There is over 150,000 acres of land that has been spared due to this program. Studies have found the land did not cause issues with getting to and from work. If there aren’t any issues, then why get rid of it. This is one thing this program has proved over and over.

The natural land and forest that is around each of us is not causing any problems for getting and/ or keeping jobs. What is causing issues is getting over this very mindset that was put there in the first place. Natural land and forests are not the issue. The issue lies behind the greed of money and power. This program has proved that each side can get what they want, without causing problems for the other person.

This Tax Credit Program has really done so much for the resident throughout the state of Maine. If certain people behind this success have their way, this program will branch out to other states too.

Southern Methodist University to Host Town Center Special Event

Southern Methodist University to Host Town Center Special Event Featuring Yousef Al Otaiba United Arab Emirates Ambassador to the United States to speak about UAE-U.S. relations, improved bilateral security, economic cooperation and more this Fall.

Southern Methodist University of Dallas, Texas will be the site of a special event this Fall featuring United Arab Emirates Ambassador to the United States, Yousef Al Otaiba (more info). His Excellency will be speaking at the engagement, scheduled to take place at the John Goodwin Tower Center for Political Studies’ Great Hall, Elizabeth Perkins Prothro Hall, about everything from taking up his Washington-based post in July of 2008 to UAE-U.S. relations, improved bilateral security, economic cooperation and more. The Tower Center special event will be held from 5:30 pm to 7:00 pm and will be moderated by Ambassador Robert Jordan, former Ambassador to Saudi Arabia and current Diplomat-in-Residence at Town Center, Southern Methodist University.

In addition to enhancing UAE-U.S. relations, improving bilateral security and economic cooperation and leading efforts that have increased counterterrorism, intelligence and military cooperation between the two nations, Al Otaiba also played a critical role in facilitating the landmark U.S.-UAE Agreement for Peaceful Civilian Nuclear Energy Cooperation, which came to fruition in 2009. Among the many subjects he’s scheduled to discuss at the SMU event is the way in which he worked closely with his counterparts in government and with business leaders to promote increased UAE and U.S. economic and trade ties, as well as how he contributed to the two governments establishing a formal Economic Policy Dialogue.

Since His Excellency, Yousef Al Otaiba took the reigns as Ambassador, bilateral trade was reported to have increased over 70-percent, fortifying the UAE’s position as America’s largest trading partner in the Middle East and North Africa. Further, UAE investments in the U.S. have expanded, with prominent healthcare, education and cultural institutions such as the Guggenheim, New York University and the Cleveland Clinic establishing new UAE branches. During his SMU speaking engagement, Al Otaiba will also discuss his efforts to cooperate ways to streamline travel for Emirati nationals between the two countries.

From leading the UAE’s significant commitment to philanthropic activities in the U.S. and providing assistance via the UAE Embassy to aid in the reconstruction and recovery of U.S. communities following natural disasters such as 2012’sHurricane Sandy to serving eight years as Director of International Affairs for the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Ambassador Al Otaiba boasts a wealth of experience, humanitarian prowess and natural leadership abilities – enough to command quite the enlightening speaking engagement.

Why are Internships so Important?

You’re a recent college graduate with a killer cover letter, a stellar grade point average and glowing recommendations.

But if one important item is missing from your résumé, good luck trying to get a position at The McTigue Financial Group in Chicago.

You need an internship.

This network office of Northwestern Mutual turns to its highly competitive internship program for new talent. Erika Milonas, director of campus recruitment, reviews more than 1,000 résumés in a given year and interviews 400-plus candidates to recruit 40 for McTigue’s year-round internship program.

The good news for those fortunate enough to earn a spot: One in four become a full-time financial representative after graduation.

Internships and the economy

The hope of gaining an advantage for future employment has increased both the number and quality of internship applications.

“Internships have become key in today’s economy,” says Melissa Benca, director of career services at Marymount Manhattan College in New York City.

“Graduating students with paid or unpaid internships on their résumé have a much better chance at landing a full-time position upon graduation. Students are doing internships as undergraduates, and it is now not unusual for recent grads to take an unpaid internship with hopes of turning it into a permanent position or at least making some contacts and building their résumé.”

Continue reading…

Source: cnn.com

How Does the New Markets Tax Credit Program Work?

The New Markets Tax Credit Program in Maine is going to help companies make a way to get into a new area without losing money. All the money that has to be spent on a move is going to be recovered because these companies are going to be able to file their tax returns with help from the program. Their tax credit status is going to go on their tax returns, and this is going to help these companies get really big refunds back at the end of the year. That extra money can go a long way for these companies when they are trying to stay in Maine for a long time.

The program is set up so that people will be able to benefit almost instantly when they sign up. The application is going to make it much easier for them to get the money they need back every year, and this will help them in every part of their business. This is a really simple way of making sure that people are going to be able to make changes to their business, and this is going to help them move in while they are hiring more people or putting money into certain parts of a new markets.

The new markets in Maine are going to be really easy to manage because they are communities that have not had that kind of commerce before. The program is the only way for these companies to get the assurances they need to move to Maine. Maine is going to host these businesses pretty well, and it is going to be the kind of place that employees are going to want to move to. the company can afford to pay people more over time, and the taxes are going to stay low for several years. A company that goes into yet another community is going to be able to apply again so that they can get even more money that is going to help them with their problems.

The people that are going to apply for this program are going to need to make sure that they are going to get something that is going to help them pay less every year in taxes. The tax savings is going to go a long way to keeping the business healthy, and the new markets program in Maine will help support many new businesses at once.

Wharton Executive Education

Choosing to matriculate at the Wharton Executive business school, positive impacts from leaders in the business world will be the mode of complete immersion of the student. This experience is meant to impact the thinking of each student so as to impact their careers in the best possible way. At the same time executive education in the industrial and organizational setting with the ever present factor of uncertainty is also a main theme of the curriculum offered to students. Individuals who wish to earn the Wharton Bachelor of Science in Economics or the Master of Business will be offered in a collaborative setting with a trustworthy partnership in the educational environment surrounding those who are enrolled.

The professors and faculty of Wharton lead the students with their wealth of great thought as it is engaged in the School’s 20 research laboratories and programs. These fulcrums of thought involve interdisciplinary centers that attract the most intellectually empowered students, associate professors, professors and successful members of the business community. Many hearty debates are opened within this academic and commercial blend of minds. They hover together and debate problem solving initiatives, head community outreach, publish research papers, and forge partnerships among members of academia, government, and industry. A few of the most popular topics are Real Estate, Entrepreneurship, Corporate Responsibility, Global Initiatives, and technology and innovation.

At Wharton, the Executive Education will train leaders to be effective in a changing, volatile world of uncertainty. Faculty includes prominent c-suite names like Dennis Carey, Richard Lambert, and Karl Ulrich. The only thing a business leader can count on is adapting to change. How well the leadership adapts will determine the degree of success in today’s marketplace. Practical knowledge in this endeavor with this attitude will drive action to yield practical value. The Wharton programs are headed up with the Leadership Development to Marketing and Sales, Persuasion, Corporate Governance, and Negotiation. The key to the success of these aims are that they are rooted in real time market activity, global changes, challenges from the economy and leveraging of opportunities.

In life and in business, students will learn the mastery of thought leadership. Wharton reinforces the wisdom derived from knowledge which is considered the ‘muscle of business.’ There are a faculty of 225 highly regarded and acclaimed professors, associate professors and instructors that work to empower the Wharton brain trust that propels the student to the level of leadership that they are aspiring to in a multivariate realm of business knowledge areas. Not only students but organizations can sign on and benefit from Wharton.

Never Stop Learning

Education is a very important process in everyone’s life, as this is what shapes our mind and part of our character. From the early stages of education, children are being thought that they have to learn to succeed in life. This is actually true, but you can continue this process long after you have finished high school or college.

The reason why you should do it is very simple – some skills can be obtained only by following a special class, or by taking a special course. More and more companies are asking for diverse skills when you go education.jpg.size_.xxlarge.letterboxto an interview, and with a course is the best way to get it.

Here are some reasons why you should always learn something new and educate yourself.

You Learn Something New

Apart from the novelty that each new course brings, it’s a wonderful way to keep you busy. You never know when you will need that course, if you don’t need it already. Choose a second language, learn how to paint or how to draw portraits, learn to drive a car or ride a motorcycle, and learn how to cook or how to bake cakes. Anything that you choose will prove to be useful eventually.

You Keep Your Brain Active

In time, the cells of the brain lose the capacity to make connections, as you mature and grow old. Because of this, there are different illnesses that can appear, like the Alzheimer disease, which makes you forget different things in early stages, or your entire life in the final stage. To prevent this and so many other possible problems, a continuous learning process can help you. When you learn something forex_education_webinars_development-300x233new, your brain is more active, creating those connections. The more you learn, the more connections your brain will create, helping you avoid specific illnesses for a longer period of time.

You Can Use New Skills

For example, if you have taken a language course for a rare language, and you have managed to get the needed certificates to prove your proficiency, then you will find a good job as a translator or an interpreter. This is only an example, but the rest can be said about all the other courses that teach you something new. You get a skill during that time, and you can use it later to get a better job or even to start on your own.

You’ll Have an Advantage

No matter where you are with your career, an additional course is always welcomed. You can choose something that you can use at work, or you can do something that can help you advance in your career. A second language, a new programming skill, something more about computers, something in PR – there are many courses that can be of help, and all you have to do is choose. Not everyone is interested in this kind of learning, so you can get ahead of your coworkers and maybe get an early career promotion if you know something that others don’t.

You’ll Be Able to Do Something Else

It’s not just about anything, but with some courses you can open up your own business – you can learn how to be a property manager, you can learn how to make scented candles or homemade natural soaps, there are different workshops that you can attend and learn something useful for your future. All these Education conceptcourses and workshops are available with different schooling programs, but you will have to find the right one for you, if you really want to start something on your own.

All these courses and workshops are available with different schooling programs, but you will have to find the right one for you, if you really want to start something on your own.

You’ll Be Able to Socialize

Socialization is another key in human evolution, and taking different courses is one way to make new friends. If you don’t get close enough to those people attending the same class with you, at least you will get out more and simply meet new people. This is very important because it lets you mingle with others who share the same interests with you. Apart from this, you never know who you’ll meet there, and you can even find a better-paid job from someone you have just met.