Do I Have to Pay Estimated taxes on my capital gain and by when ...

Question by hippydad93 : Do I Have to Pay Estimated taxes on my capital gain and by when?
I am currently closing on the sale of my rental property and Will Have to pay capital gains because i am not doing a 1031 exchange. Do I Have to Pay Estimated taxes on the gain or can I bank the money and pay day tax Until it then? Could I just pay a portion of it now and the rest later? What forms do I use to estimate the tax and pay it? Best answer:
Answer by

blueyed Does not matter
This year Have easy answer, and a lot more questions. The answer depends on your regular income transactions, did you ever depreciate the property, Do you have carryovers, etc.. I Would Suggest getting a Form 4797 and start there. If the sale is going to put you Into AMT year position then yes we pay the regular BASIS Estimated gold get stung at the end of the year. Remember Has To Be Paid depreciation After dirty back of property.

What do you think? Answer below!

Source: http://www.lovefinanceinfo.com/2012/06/do-i-have-to-pay-estimated-taxes-on-my-capital-gain-and-by-when/?utm_source=rss&utm_medium=rss&utm_campaign=do-i-have-to-pay-estimated-taxes-on-my-capital-gain-and-by-when

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China set to install new but disliked HK leader

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Source: http://news.yahoo.com/china-set-install-disliked-hk-leader-051849733.html

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Calif., Fla. teens win high school theater awards

AAA??Jun. 26, 2012?9:52 AM ET
Calif., Fla. teens win high school theater awards
By MARK KENNEDYBy MARK KENNEDY, AP Drama Writer??

This June 25, 2012 photo released by The Jimmy Awards shows Elizabeth Romero, 18, from Fullerton, Calif., performing at the Minskoff Theatre in New York. Romero and Joshua Grosso, 18, from Tampa, Fla., were named best actress and best actor at the fourth annual National High School Musical Theater Awards, nicknamed the Jimmy Awards after theater owner James Nederlander. Both received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage. (AP Photo/The Jimmy Awards, Henry McGee)

This June 25, 2012 photo released by The Jimmy Awards shows Elizabeth Romero, 18, from Fullerton, Calif., performing at the Minskoff Theatre in New York. Romero and Joshua Grosso, 18, from Tampa, Fla., were named best actress and best actor at the fourth annual National High School Musical Theater Awards, nicknamed the Jimmy Awards after theater owner James Nederlander. Both received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage. (AP Photo/The Jimmy Awards, Henry McGee)

This June 25, 2012 photo released by The Jimmy Awards shows Joshua Grosso, 18, from Tampa, Fla., performing at the Minskoff Theatre in New York. Grosso was named best actor at the fourth annual National High School Musical Theater Awards, nicknamed the Jimmy Awards after theater owner James Nederlander. He along with best actress winner Elizabeth Romero, 18, from Fullerton, Calif., received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage. (AP Photo/The Jimmy Awards, Henry McGee)

This June 25, 2012 photo released by The Jimmy Awards shows Elizabeth Romero, 18, from Fullerton, Calif., left, and Joshua Grosso, 18, from Tampa, Fla., posing at the Minskoff Theatre in New York. Romero and Grosso were named best actress and best actor at the fourth annual National High School Musical Theater Awards, nicknamed the Jimmy Awards after theater owner James Nederlander. Both received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage. (AP Photo/The Jimmy Awards, Henry McGee)

This June 25, 2012 photo released by The Jimmy Awards shows Elizabeth Romero, 18, from Fullerton, Calif., left, and Joshua Grosso, 18, from Tampa, Fla., posing on stage with their awards at the Minskoff Theatre in New York. Romero and Grosso were named best actress and best actor at the fourth annual National High School Musical Theater Awards, nicknamed the Jimmy Awards after theater owner James Nederlander. Both received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage. (AP Photo/The Jimmy Awards, Henry McGee)

This June 25, 2012 photo released by The Jimmy Awards shows Joshua Grosso, 18, from Tampa, Fla., speaking at the Minskoff Theatre in New York. Grosso was named best actor at the fourth annual National High School Musical Theater Awards, nicknamed the Jimmy Awards after theater owner James Nederlander. He along with best actress winner Elizabeth Romero, 18, from Fullerton, Calif., received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage. (AP Photo/The Jimmy Awards, Henry McGee)

NEW YORK (AP) ? A teenager from California with a flair for singing funny songs and another from Florida who emerged triumphant after tackling two tough operatic tunes won top honors Monday at the National High School Musical Theater Awards.

Elizabeth Romero, 18, from Fullerton, Calif., was named best actress and Joshua Grosso, 18, from Tampa, Fla., got the best actor crown at the fourth annual competition, nicknamed the Jimmy Awards after theater owner James Nederlander.

Both also received $10,000 scholarship awards, capping a months-long winnowing process that began with 50,000 students from 1,000 schools. Sixty finalists were invited to New York to compete for the title and make their Broadway debuts on the Minskoff Theatre stage.

"I am at a loss for words. I can barely breathe," said Romero. "This is unbelievable: To perform on a Broadway stage in the heart of New York City. That's unheard of for a lot of kids our age."

A seven-judge panel that included Tony Award nominee Montego Glover chose the winners after watching them perform solos and medleys over Sunday and Monday. The night's hosts were Constantine Maroulis and Deborah Cox, stars of the upcoming revival of "Jekyll & Hyde."

During a whirlwind visit, the 60 teens who made it to New York ? 30 girls and 30 boys ? got six days of coaching by New York University faculty and Broadway stars like Telly Leung from "Godspell." They also took in a showing of "Nice Work If You Can Get It."

Grosso thanked his parents, siblings and teachers, but saved his most impassioned thanks for the 59 other competitors backstage. "We cried, we laughed," he said as they cheered him. "This is truly a blessing."

On Monday night, all 60 performed snippets of the songs that they had sung at regional competitions in six large medleys and then six ? three men and three women ? were plucked to sing solos.

Romero sang "A Little Brains, a Little Talent" from "Damn Yankees" and then "Disneyland" from the Marvin Hamlisch musical "Smile" for her solo. Grosso sang "All I Ask of You" from "The Phantom of the Opera" and then "Il Mondo Era Vuoto" from "The Light in the Piazza" as his solo.

The level of talent was high, with the students singing tunes in costume that ranged from "Aida" to "Bye Bye Birdie" to "Legally Blonde" to "Anything Goes." One even sang "Sal Tlay Ka Siti" from "The Book of Mormon" and a Sweeney Todd carried a mock straight razor.

There was also a fair amount of overlapping, with two Phantoms of the Opera, a duo of Bakers from "Into the Woods" and two Hortons from "Seussical." On the female side, there were two Aidas, three Belles from "Beauty and the Beast" and three Millies from "Thoroughly Modern Millie."

"OK, I played Aida on Broadway and I'm glad those two weren't at the audition," said Cox, watching the pair portraying the Nubian heroine exit the stage. At another point, Maroulis joked: "Some of the boys sing lower than me, which is weird."

The four runners-up, who each receive $2,500, were: Evan Greenberg from Atlanta; Drew Shafranek from Irving, Texas; Nicolette Burton from San Diego, Calif.; and Erica Durham from Pittsburgh.

___

Online:

http://www.nhsmta.com

Associated Press

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Assad says Syria 'in a state of war'

Syrian President Bashar al-Assad on Tuesday said his country was in a state of war and ordered his new cabinet to crush the anti-regime uprising as Turkey vowed to retaliate the downing of one of its jets.

Rebel forces and Syrian army units, meanwhile, engaged in deadly combat around elite Republican Guard posts in the suburbs of Damascus, as 116 people were killed across the country, a monitoring group said.

Amid mounting tensions in the anti-regime uprising now in its 16th month, Assad admitted that Syria is in a "real situation of war."

"When one is in a state of war, all our policies and capabilities must be used to secure victory," he told the new cabinet, the official SANA news agency reported.

The Syrian Observatory for Human Rights said Tuesday's death toll comprised 68 civilians, 41 soldiers and seven rebels.

"Violent clashes are taking place around positions of the Republican Guard in Qudsaya and Al-Hama," just miles away from central Damascus, Observatory head Rami Abdel Rahman told AFP in Beirut.

He said it was the first time that artillery was used "so close to the capital."

The United States said a "desperate" Assad was slowly losing his grip on power, citing defections and fighting raging increasingly close to Damascus, and offered new support to its NATO ally Turkey after Syrian forces shot down one of its fighter planes last week.

"Clearly, Bashar al-Assad has been slowly -- too slowly -- losing his grip over his country," White House spokesman Jay Carney said on Air Force One as President Barack Obama flew to a campaign event in Atlanta.

"I would note that recent high-level military defections to Jordan and Turkey are another testament to the regime's loss of control over the situation in Syria."

"It is clear, however, that Assad is desperate to hang on to power at all cost, as evidenced by his continued use of air power and Shabiha gangs," Carney said, refering to the pro-regime militia in Syria.

Washington also pushed back on Russia's insistence that Iran should take part in a planned international conference on Syria in Geneva on Saturday.

"It is better to involve Iran in the settlement (of the Syrian crisis)," Russian President Vladimir Putin told a news conference in Jordan on Tuesday. "In any case it would complicate the process (if Iran is ignored)."

In Ankara, meanwhile, Turkish Prime Minister Recep Tayyip Erdogan said his country had changed its rules of engagement and would now treat any Syrian security threat as a military target after Friday's incident.

The shooting of the Phantom F-4 fighter jet has split Moscow and the West, with NATO condemning Syria and voicing its solidarity with member state Turkey while Russia saying the incident should not be seen as intentional.

"We believe it is important that the incident is not viewed as a provocation or an intentional action, and that it does not lead to destabilising the situation," the Russian foreign ministry said.

Erdogan raised the heat on the Assad regime by accusing it of shooting down the jet while it was in international airspace, without warning.

"This is a hostile act... a heinous attack," Erdogan said.

"Turkey will exercise its rights, born out of international law, with determination, and take the necessary steps by determining the time, place and method by itself."

Erdogan, once a close ally of Assad, has become one of the Syrian leader's biggest critics and his reaction to the downing of the jet is his fiercest outburst to date.

Erdogan admitted the Turkish plane had violated Syrian airspace but said it was only for a short time and "by mistake," insisting that it was not in Syrian airspace when it was shot down.

Damascus has defended the downing of the jet, saying it was a response to "a gross violation" of its sovereignty.

After a request from Turkey, NATO's secretary-general Anders Fogh Rasmussen hosted talks with ambassadors of the alliance's 28 members in Brussels.

"Allies have expressed their strong support and solidarity with Turkey," Rasmussen said after the 90-minute meeting.

"We consider this act to be unacceptable and condemn it in the strongest terms.

"It is another example of the Syrian authorities' disregard for international norms, peace and security, and human life," he said as the jet's two-man crew remain missing.

"Let me make this clear. The security of the alliance is indivisible. We stand together with Turkey in the spirit of strong solidarity."

Turkey requested the consultations under Article 4 of NATO's founding treaty, enabling any of the allies to call for talks should they consider their territorial integrity, political independence or security to be under threat.

But NATO has so far been notably reluctant to get sucked into the conflict in Syria.

The former chief of the main opposition Syrian National Council, Burhan Ghalioun, meanwhile, told AFP he visited Syria for a few hours on Tuesday to "boost the morale" of rebels.

Ghalioun, a senior SNC executive board member, spoke to AFP in Beirut by telephone after his first visit to Syria in more than two years, and said he entered the country secretly and had "discussions with revolutionaries."

"The visit was also a bit to offer compassion to our people who have been killed, massacred and slaughtered" by regime forces, he added.

Meanwhile Amnesty International said on Tuesday three medics were tortured and killed in Syria a week after their arrest in the city of Aleppo in what it said was an "appalling disregard" for the profession.

All three men were students at Aleppo University -- Basel Aslan and Musab Barad were fourth-year medical students and Hazem Batikh was a second-year English literature student and a first-aid medic, Amnesty said.

"The discovery of the charred and mutilated bodies of three young medical workers a week after their arrest in Aleppo city is yet further evidence of the Syrian government forces' appalling disregard for the sanctity of the role of medical workers," a statement said.

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Experts say 32-pound Mo. girl faces long recovery

KANSAS CITY, Mo. (AP) ? A severely malnourished 10-year-old Kansas City girl who was found locked in a closet remained hospitalized Monday and likely faces an extended recovery after an initial "failure to thrive" diagnosis, experts said.

Police found the 32-pound girl Friday after responding to a call from a child abuse hotline. She was taken to Children's Mercy Hospital on Friday and remained there Monday, said Mike Mansur, spokesman for the Jackson County prosecutor's office. He said the child's condition hasn't been released.

"The next few months of her life are going to be pretty critical to her recovery," said Ann Thomas, a vice president at The Children's Place, a Kansas City nonprofit that is not involved in this case but treats young children who have experienced trauma.

The child's 29-year-old mother appeared in Jackson County court Monday. She was shackled at the wrists and quietly listened as a judge read the felony charges against her ? assault, child abuse and endangering the welfare of a child. The judge also entered a not guilty plea for the woman, who was ordered held on $200,000 cash bond. She requested a public defender for her next court appearance, scheduled for July 12.

The Associated Press is not naming the mother to protect the child's identity. The mother's two other children, ages 2 and 8, have also been placed in protective custody, Mansur said. Police also questioned the mother's boyfriend, but he has not been charged. Mansur said the investigation is ongoing.

A probable cause statement police filed Saturday when the mother was charged said she told police she didn't let the girl leave the house because the child is malnourished and she would "get in trouble if someone saw her."

Hospital personnel who saw the child Friday said she had been at the hospital in January 2006 for an unspecified visit and weighed 26 pounds then, according to the probable cause statement. They also told police the 10-year-old wears a 2T, or toddler size, T-shirt, and that the "current diagnosis is multiple healing skin injuries and failure to thrive."

Andre Riley, spokesman for Kansas City Public Schools, said Monday the child was enrolled as a kindergartner at Woodland Elementary School in 2006 and attended until April 2007.

"That's the last record we have of her," Riley said, adding that he couldn't comment further about the child's attendance record, whether school officials had raised concerns or where she might have attended school after spring 2007.

Rebecca Woelfel, spokeswoman for the Missouri Department of Social Services, said in an email that the department could not comment on this specific case, but that DSS "strongly encourages anyone who suspects child abuse or neglect" to call the 24-hour hotline.

Dr. Doug Carlson, professor of pediatrics at Washington University in St. Louis and director of hospital medicine at St. Louis Children's Hospital, said doctors are likely checking the child for various ailments, such as intestinal problems, that could have contributed to the diagnosis.

He said, however, a 6-pound weight gain should have pushed a parent to seek medical attention.

"There's no question that based on this child's size that a reasonable parent would have sought medical care," Carlson said.

It's unclear how much time the child, who turns 11 this summer, spent in the closet. In the probable cause statement, the child told police that her mother put her in the closet "a lot." She also said that she wasn't allowed to play outside when she was at home like her sisters, but could go to "the playground and park while she was at school."

The mother told police that she puts the 10-year-old in the closet when she leaves the house, securing the door with shoelaces and blocking it with a crib, according to the probable cause statement. She said she did that because her daughter had once gotten out and "eaten until her stomach got big and full."

Thomas said recovery would likely depend on what the 10-year-old's home life was actually like and how she perceived it.

"She's going to need people around her to help her begin to make sense of what's going on," Thomas said.

Associated Press

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Animal smarts: What do dolphins and dogs know?

In this Dec. 13, 2006 photo provided by the Primate Research Institute of Kyoto University, a 5 1/2-year-old chimpanzee named Ayumu performs a memory test with randomly-placed consecutive Arabic numerals, which are later masked, accurately duplicating the lineup on a touch screen computer in Kyoto, Japan. The young chimpanzees in the study titled "Working memory of numerals in chimpanzees" by Sana Inoue and Tetsuro Matsuzawa could memorize the nine numerals much faster and more accurately than human adults. The evidence that animals are more intelligent and more social than we thought seems to grow each year, especially when it comes to primates. It's an increasingly hot scientific field with the number of ape and monkey cognition studies doubling in recent years, often with better technology and neuroscience paving the way to unusual discoveries. (AP Photo/Primate Research Institute of Kyoto University) PART OF A SEVEN-PICTURE PACKAGE WITH "ANIMAL SCIENCES"

In this Dec. 13, 2006 photo provided by the Primate Research Institute of Kyoto University, a 5 1/2-year-old chimpanzee named Ayumu performs a memory test with randomly-placed consecutive Arabic numerals, which are later masked, accurately duplicating the lineup on a touch screen computer in Kyoto, Japan. The young chimpanzees in the study titled "Working memory of numerals in chimpanzees" by Sana Inoue and Tetsuro Matsuzawa could memorize the nine numerals much faster and more accurately than human adults. The evidence that animals are more intelligent and more social than we thought seems to grow each year, especially when it comes to primates. It's an increasingly hot scientific field with the number of ape and monkey cognition studies doubling in recent years, often with better technology and neuroscience paving the way to unusual discoveries. (AP Photo/Primate Research Institute of Kyoto University) PART OF A SEVEN-PICTURE PACKAGE WITH "ANIMAL SCIENCES"

WASHINGTON (AP) ? It's not just man's closer primate relatives that exhibit brain power. Dolphins, dogs and elephants are teaching us a few lessons, too.

Dolphin brains involve completely different wiring from primates, especially in the neocortex, which is central to higher functions such as reasoning and conscious thought.

Dolphins are so distantly related to humans that it's been 95 million years since we had even a remotely common ancestor. Yet when it comes to intelligence, social behavior and communications, some researchers say dolphins come as close to humans as our ape and monkey cousins.

Maybe closer.

"They understand concepts like zero, abstract concepts. They do everything that chimpanzees do and bonobos can do," said Lori Marino, a neuroscientist at Emory University who specializes in dolphin research. "The fact is that they are so different from us and so much like us at the same time."

In recent years, animal researchers have found that thought processes in critters aren't a matter of how closely related they are to humans. You don't have to be a primate to be smart.

Dolphin brains look nothing like human brains, Marino said. Yet, she says, "the more you learn about them, the more you realize that they do have the capacity and characteristics that we think of when we think of a person."

These mammals recognize themselves in the mirror and have a sense of social identity. They not only know who they are, but they also have a sense of who, where and what their groups are. They interact and comprehend the health and feelings of other dolphins so fast it as if they are online with each other, Marino said.

Animal intelligence "is not a linear thing," said Duke University researcher Brian Hare, who studies bonobos, which are one of man's closest relatives, and dogs, which are not.

"Think of it like a toolbox," he said. "Some species have an amazing hammer. Some species have an amazing screwdriver."

For dogs, a primary tool is their obsessive observation of humans and ability to understand human communication, Hare said. For example, dogs follow human pointing so well that they understand it whether it's done with a hand or a foot; chimps don't, said Hare, whose upcoming book is called "The Genius of Dogs."

Then there are elephants.

They empathize, they help each other, they work together. In a classic cooperation game, in which animals only get food if two animals pull opposite ends of a rope at the same time, elephants learned to do that much quicker than chimps, said researcher Josh Plotnik, head of elephant research at the Golden Triangle Asian Elephant Foundation in Thailand.

They do even better than monkeys at empathy and rescue, said Plotnik. In the wild, he has seen elephants stop and work together to rescue another elephant that fell in a pit.

"There is something in the environment, in the evolution of this species that is unique," he says.

___

Online:

Josh Plotnik 2011 video showing two elephants working together:

http://www.youtube.com/watch?v=gRpLgQm2p-s

___

Seth Borenstein can be followed at http://twitter.com/borenbears

Associated Press

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Riokoni

The trials and difficulties of friendship, love and family, can nakiami leave her past in the past? Can her and her newfound friends stay together through life's troubles? or will they be torn apart and forced to go their separate ways?

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Bleg: I want to ride my bicycle, I want to ride my bike! (Unqualified Offerings)

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A look at recent tech-industry earnings

Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:

April 6: Samsung Electronics Co. says it is expecting a record operating profit of $5.1 billion for the first quarter. It says the result would be a 97 percent rise from its operating profit a year earlier. Samsung estimated that its first quarter sales rose 21.6 percent from a year earlier. More details will come when Samsung releases its full quarterly results.

April 12: Google Inc. reports adjusted earnings and adjusted revenue that beat expectations. Google's revenue was helped by a 39 percent increase in "paid clicks," but the prices of its search-driven text ads continued to decline. CEO Larry Page called the first quarter "very strong," but acknowledgehd there's more work to do.

April 17: Yahoo Inc.'s first-quarter earnings show signs of modest progress under recently hired CEO Scott Thompson. Net income grew 28 percent from the same time last year and exceeded expectations. Revenue grew less than 1 percent, but represented a breakthrough because the company's revenue has been steadily falling for years.

IBM Corp. says first-quarter net income grew 7 percent, helped by strong profit margins in its services business and strong revenue growth across its software and services businesses. Revenue was flat overall because of declines in the hardware and financing segments, and revenue fell short of analysts' expectations. IBM increases its full-year guidance to at least $15 per share, above the $14.93 expected by analysts.

Intel Corp. says its net income in the first quarter fell 13 percent as spending on research and marketing rose while sales were flat.

April 18: EBay Inc. says its first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations.

Mobile phone chipmaker Qualcomm Inc. says its quarterly profit more than doubled as strong demand for smartphones boosted its sales; but it expects costs to increase as it makes more chips.

April 19: Microsoft Corp. fares better than analysts anticipated in its latest quarter, boosted by a surprising rise in sales of its Windows operating system for personal computers

Chipmaker Advanced Micro Devices Inc. reports adjusted earnings and revenue that beat Wall Street's expectations. AMD's revenue forecast for the current quarter was at $1.59 billion to $1.68 billion, while analysts surveyed by FactSet were expecting $1.59 billion.

Nokia Corp. reports a huge net loss, one of the company's worst ever quarters, and blames tougher-than-expected competition. It has faced stiff competition from the likes of Apple Inc.'s iPhone and handset makers using Google Inc.'s popular Android software.

April 23: Netflix Inc. says it suffered its first quarterly loss in seven years, but the setback was far smaller than analysts expected. Netflix had rising licensing fees and a bill for an international expansion. Netflix predicted that it would make money during the current quarter. Still, Wall Street was worried about tougher competition. Skittish investors keyed on a second-quarter forecast that calls for a slowdown in subscriber growth during the spring and early summer.

Chipmaker Texas Instruments Inc. says first-quarter net income fell 60 percent from a year ago as revenue shrank. But the results still beat analysts' expectations.

Xerox Corp. says first-quarter net income fell 4 percent as the company spent more on building its services business, which now makes up more than half the company's revenue. The company says it's investing in new offerings and long-term contracts in order to increase growth. In the short term, that has hurt profitability.

April 24: Apple Inc. reported blowout iPhone sales ? 35 million in the latest quarter, almost twice as many as it sold a year ago and above analyst expectations. Net income nearly doubled to $11.6 billion, and revenue was up 59 percent at $39.2 billion. IPad sales came in below analyst expectations, at 11.8 million units. But that was still two and a half times as many as it sold in the same quarter a year ago.

April 25: Motorola Solutions Inc., which sells communications equipment to government and corporate customers, says first-quarter net income declined from a year ago, when the company recorded a large tax-related gain. Revenue grew thanks to strong demand from the company's government customers.

April 26: Amazon.com Inc. reports strong quarterly earnings and says its Kindle Fire tablet computer remains its best-selling item. However, its outlook for revenue growth was slower than expected.

Online games company Zynga Inc. reports adjusted earnings of 6 cents a share, a penny better than what Wall Street expected. Revenue grew 32 percent.

April 27: A surge in Galaxy smartphone sales fueled earnings at Samsung Electronics to a record high in the first quarter, usually a tough season for the global consumer-electronics industry. The South Korean company outshined handset rivals such as Nokia Corp. Strong demand for high-end smartphones, such as the Galaxy Note and the Galaxy S2 introduced last year, helped mask lower profit from memory chips, another Samsung flagship business.

May 1: Mobile phone maker Motorola Mobility Holdings Inc. reports a slightly larger net loss in the first quarter as expenses grew more than revenue. Motorola says it still expects its acquisition by Google to close by the end of June. The deal still needs to be approved by authorities in China.

May 3: LinkedIn Corp. says its first-quarter net income more than doubled, and its revenue doubled from a year ago. Adjusted profit and revenue beat expectations. During the quarter, revenue grew across the company's divisions. The business-networking company also announces plans to buy presentation-sharing website SlideShare for $118.8 million.

May 9: Cisco Systems Inc. says its quarterly earnings surged 20 percent in the latest sign that a recently completed overhaul is paying off for the world's largest maker of computer-networking equipment. However, Cisco raised the specter of a sharp slowdown in technology spending, rattling investors already fretting about the economy's fragile condition. Cisco made a sobering forecast for the current quarter and traced it to skittish customers who are waiting longer to close deals and spending less money because of growing uncertainty about the economy, particularly in Europe and India.

May 14: Online deals company Groupon Inc. says it had a smaller net loss and sharply higher revenue in the first quarter, helped by increased demand from a growing customer base.

May 17: Salesforce.com Inc., which makes Web-based business software, says it had a net loss in the first quarter, but adjusted profit and revenue beat expectations. It raises its forecast for full-year results.

May 22: Dell Inc. reports disappointing first-quarter results and forecasts weak sales in the current quarter. The computer maker says sales to big businesses, consumers and the public sector decreased.

May 23: Hewlett-Packard Co. says it will cut 27,000 workers, or 8 percent of its work force, by October 2014. News of the cutbacks overshadowed the release of HP's latest quarterly results. The company's earnings and revenue were both better than analysts projected.

Monday: Oracle Corp says net income increased 8 percent and topped analysts' predictions. Oracle also posted a 7 percent gain in its sales of new software licenses, indicating there is still strong demand for technology that helps businesses automate their administrative tasks.

Tuesday: Software company Adobe Systems Inc. says net income in the latest quarter fell 2 percent, amid higher expenses. Revenue grew with strong sales of its Creative Suite product.

Coming up:

Thursday: Research in Motion Ltd.

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Boston a 's---hole', Ortiz?says

There hasn?t been any huge drama in Red Sox land in, like, hours, so David Ortiz went off on a big anti-media rant in the clubhouse before today?s game.

CSNNE.com has the details (and video), starting with Ortiz being asked if he was having fun this season:

Not really. Too much s***, man. People need to leave us alone and let us play baseball. It?s starting to become the s***hole it used to be. Playing here used to be so much fun.?Now, every day is something new, not related to baseball. People need to leave us alone.?Every day is something new, some drama, some more s***. I?m tired of that, man. I?m here to play baseball, man.

Well then.

For much of this week multiple Red Sox players, including Ortiz, have denied various reports that the clubhouse environment has turned toxic.

His comments aren?t likely to go over well with fans or the media, but it?s easy to see why Ortiz is frustrated. Not only are the Red Sox above .500 despite an ugly 4-10 start, going 31-23 since then, but he?s hitting .313 with 18 homers and a 1.012 OPS in 68 games for his best production since 2007. He?s playing amazingly well, the team is on a 93-win pace since a terrible first two weeks despite an incredible number of key injuries, and all anyone wants to talk about are off-field issues, real or imagined.

(For a lot more on the entire situation, read Sean McAdam?s full write-up here.)

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Once-Banned Bird Flu Study Yields Sobering Findings

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Why your cable TV bill may never get cheaper | The Salt Lake Tribune

(AP Photo/Kin Cheung) Google and Apple, which both have streaming video offerings, may be in the best position to upset the status quo, said technology analyst Jeff Kagan. ?These two companies changed the wireless space, Perhaps they can change the television space, as well.?

Media ? Even as consumers ?cut the cord,? costs haven?t gone down.

Although the fierce competition between cable companies and online-video services should be good for consumers, experts say it may end up raising both TV and Internet bills.

The Justice Department is conducting a wide-ranging antitrust probe into whether cable companies collude to restrict competition from online-video providers like Netflix, The Wall Street Journal reports. At issue is cable companies? desire to cap data downloads among heavy users, which would impact those who?ve abandoned pay TV in favor of streaming shows and movies over the Internet.

Though more people have "cut the cord" in recent years, it hasn?t resulted in the price cuts many expected, analysts say. "Cable prices won?t go down unless cable investors get hurt, and that will only happen when even more customers cancel their cable," said technology analyst Jeff Kagan.

Nine percent of homes with televisions cut their cable services in 2011, while an additional 11 percent said they planned to do so, a survey released by Deloitte earlier this year found.

Despite this, cable prices doubled over the past decade, Kagan said. Customers have been complaining about price increases for years, he added. "This is backward, compared with other technologies, but cable television pricing continues to go up." And they may double again in the next decade.

Keith Nissen, research director at NPD Group, predicts bills will hit $200 a month by 2020 ?up from today?s average of $86.

In light of the Justice Department?s investigation, cable companies may look for other ways to maintain their revenue and market share.

One option is to do what cellular networks are doing and move toward usage-based pricing for broadband Internet, said Craig Moffett, senior analyst at Bernstein Research. The shift to usage-based pricing would be good for the cable operators, but bad for consumers who want to watch more on-demand television online, he added. Moffett also noted this would slow the pace of innovation within the industry, and make it more difficult for Apple or Google TVs to get widespread and cost-effective access to cable video feeds.

TV and cable networks also have no interest in lower prices, experts said. "The companies are caught in the middle and have to pay more year-after-year to networks," said Kagan.

Representatives for Netflix, Time Warner and Comcast did not respond to requests for comment.

story continues below

Cable companies have also responded to the competition with their own new tech offerings, such as apps that allow viewers to watch TV on multiple devices and video-on-demand, said Brian Dietz, a spokesman for the National Cable & Telecommunications Association.

Google and Apple, which both have streaming video offerings, may be in the best position to upset the status quo, Kagan said. "These two companies changed the wireless space, Perhaps they can change the television space, as well."

Copyright 2012 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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TX Church Outraged After Getting ?Deceptive? $170,000 Tax Bill on Foreclosed Property it Purchased

Image Credit: 401K 2012

Free Deliverance Church was in for a rude awakening when the house of worship recently purchased a $25,000 foreclosed property in Dallas, Texas. While the initial buy seemed like an excellent deal, the tax bill that followed was stunning.

The congregation was billed an extra $170,000 in property taxes, despite their belief that the land came with no hidden fees. As a result of the surprise monies owed, church leaders claim that this sum is unfair and cannot be afforded.

?The problem, the church has subsequently discovered, is that while the back taxes were erased when the land first went into foreclosure, the property went un-purchased for decades and the post-judgment taxes just piled up and up over all those years,? The Consumerist reports.

The main issue is that the property at the center of the dispute is called ?struck off property.? This essentially means that the building?foreclosed and then went to auction. When it didn?t sell there, it went back to the government. This particular property had purportedly been sitting for quite some time.

Generally, people get a good deal at auction, but in this instance that simply wasn?t the case, as taxes had accrued.?Now, the church is accusing the government of deceiving the congregation by concealing the massive tax bill until after the sale was completed.

?Then the true sale is not what they?re out there making the bid for. They clearly know that these taxes are owed and it?s a part of the sale. So it?s deceptive trade practices,? charged Annie Rolfe, whose father the Rev. Morris Rolfe leads the church. ?You are selling a product that you that the citizen or the consumer has to be responsible for more and you?re not discussing that. And you?re saying to them, ?You find out.??

Watch the CBS report, below, for more:

CBS DFW has more about the drama that is unfolding between Free Deliverance Church and the local government:

The councilmember for this district, Scott Griggs, tells CBS 11 News there is a unique property tax problem on this land because it was foreclosed on so many years ago. He says while the original back taxes were eliminated in foreclosure, fresh new ?post judgment? taxes were added every year since.

According to the Rolfes, that could be twenty years. The Rolfes claim the city never told them about it, though they asked.?Griggs is trying to get the city to forgive the taxes but can?t do it alone.

Other taxing bodies, like county government, the school district, and the hospital district must also go along.

Rev. Rolfe pledges to fight the government on the expense, as he believes it is unfair for the church to be stuck with a bill that church leaders purportedly knew nothing about.

(H/T: CBS DWF)

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Amanda Marsalis: from California to Venice

On June 20th the Slovenian Exhibition Centre in Venice A plus A will host the presentation of American photographer Amanda Marsalis? new book ?Reproduction?. In an exclusive interview Swide reveals her thoughts and recounts her career.

On June 20th at 7pm at A plus A Slovenian Exhibition Centre the American photographer Amanda Marsalis will present her book Reproduction published by the Venetian independent publishing house Automatic Books.

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For the occasion some of her breathtaking Polaroid pictures will be on display until June 22. Amanda Marsalis comes from Los Angeles, California, and has established a very successful career in commercial photography, collaborating with magazines such as Vogue, GQ, Monocle and The Wall Street Journal.

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Of her new book she says: ?Reproduction for me is 3 things: The purpose of a flower, the way the book is being printed, and a woman's fertility/sexuality. ?Myself being the woman. ?I feel in a tradition of classic photographers shooting still lives as an exercise in image making and self examination?.

Here is what else she recounted to Swide.

??

Can you tell us when did you understand you wanted to become a photographer, and how everything started?

When I was 14 years old I started going to see bands, including Fugazi, play at a club I could walk to from my house. ?This was in suburban St. Louis where I had moved to from San Francisco, where I was born. ?It was a shock as a young person to move to a place so culturally different than what I had always known. ?I had become kind of an outsider and it was not until I found the scene built around this music that I felt at home. ?This is when I started taking photos, I have not done anything else since. ?I was given an old camera of my mothers and I would shoot the bands playing, my friends hanging out, anything. ?I could also travel freely because my mother was a flight attendant and my father a pilot. ?Having the camera gave me an excuse to explore more and I used it. ?From high school I went to art school to study photography. ?I studied with Larry Sultan and Jim Goldberg at CCA in Oakland. Their influence continues to effect me.?

??

How would you define your style?

Intimate, natural, very California.?

What do you want to communicate through your photos??

That depends on the photo. ?In general I think about desire and longing.?In an ideal world my photos would perfectly communicate my love of life and all the pain and suffering one goes through to get the good stuff. ?

??

Can you tell us more about your book, Reproduction, and about the exhibition?

The book is a collaboration with Automatic Books?in Venice. ?It is a collection of photographs of flowers that I shot with the end of my Polaroid stock. ?They are a study of shape and light while also being a meditation on fragility and femininity. ?The images have been printed in blue and red risograph and hand bound. ?

Because of Lorenzo and Marco at Automatic Books?we created something I am very proud of and I am forever grateful to them for it.? On occasion of the exhibition for the release of the book at A plus A gallery?on June 20th we are going present the book in the gallery full of flowers. ?It is not to be missed!

??

Tell us about some future project of yours...

I am working on a zine of all the band photos I took in the 90's. My friend Maia Ruth Lee?and I are curating and publishing a book of 6 female photographers. And I am working with Jon Santos at Common Space?on a book of all of my Polaroid work. ?I am equally excited about all of them. ??

?

Amanda Marsalis

From San Francisco to Venice: Polaroids and Independent Publishers

June 20-22nd

A plus A Slovenian Exhibition Centre?

San Marco 3073

30124 Venice, Italy

http://www.amandamarsalis.com?

http://amandamarsalis.tumblr.com

Interview by: Elisa della Barba?

?

TAGS: Amanda Marsalis Photography Interview Photography Exhibition

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Will Text-Raising Become the Next Big Thing?

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Video: Analyze This! Disagreement Over Groupon

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How the Race Card for Obama Lost Its Sting

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