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After New York Times revelations, Trump says he paid millions in taxes

first_imgThe Republican president, who will face Democratic rival Joe Biden on Tuesday night for their first presidential debate, said he had “extraordinary assets” and boasted a “very IMPRESSIVE” financial statement.Trump has hundreds of millions of dollars in debt amid chronic business losses that he uses to avoid paying taxes, the Times reported. It said it has obtained tax-return data covering more than two decades for Trump and his businesses.Trump’s reported debts raise national security issues, US House of Representatives Speaker Nancy Pelosi said, as the public deserves to know to whom he owes money because it could be used as leverage against him. “To me this is a national security question,” she told MSNBC.Trump departed from decades of tradition among presidents and presidential candidates when he refused to release his federal income tax returns the first time he ran for president in 2016.He says it is because he is under audit by the Internal Revenue Service but the agency has said there is no reason he cannot release his taxes while under audit.  US President Donald Trump said on Monday he paid “many millions of dollars in taxes” and that he had many more assets than debt, but did not provide evidence or promise to release any financial statements before the Nov. 3 election.In a series of Twitter posts, the Republican president responded to a New York Times report that he paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises.”I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits,” he wrote. “I am extremely under leveraged – I have very little debt compared to the value of assets.” Topics :last_img read more

Alecta’s return, solvency level fall year-on-year

first_imgSweden’s largest pension fund Alecta saw its investment returns on both defined benefit (DB) and defined contribution (DC) products dip in 2016, with solvency levels also contracting.The return on DB pensions was 5.1% in 2016, according to full-year figures just released, down from 5.8% in 2015. DC pensions ended last year with a 5.8% return, down from the 7.9% produced the year before.Alecta pointed out that the five-year average for the two pension types was 8.9% and 12.5% as of last year, .Magnus Billing, the current chief executive of Alecta, said: “I am proud of [DC fund] Alecta Optimal Pension’s long-term return over the five-year period.” The slight fall in returns followed a warning from Alecta’s then-chief executive Staffan Grefbäck a year ago that the good return seen over many years and the low level of interest rates suggested future expectations should be kept low.Speaking about 2016 results, Billing said the company had now completed its recent property transactions in the US and could focus on drawing efficiency benefits from its ongoing property management.Earlier this month, Alecta offloaded the last of its directly-held US real estate assets, selling its portfolio of 22 assets, worth around $1.8bn (€1.7bn).Following the US property sales, Alecta has now exited all its directly-held international real estate investments, in accordance with its new strategy.“We also recently reached a milestone of having SEK10bn [€1.1bn] invested in green bonds,” Billing said, adding that it was “excellent and quite natural” that Alecta put part of its managed assets into this type of sustainable investment.The portfolio of DC product Alecta Optimal Pension now had SEK70bn in assets, of which 63% is invested in equities, Alecta said.Meanwhile, the DB pension scheme had assets of SEK697bn at the end of December 2016.The group solvency level fell to 166% at the end of 2016, from 171% a year before, but Alecta still described this as strong.Administrative costs fell to 0.09% from 0.1%.last_img read more

Granny busted for cocaine makes history in Trinidad

first_img Sharing is caring! NewsRegional Granny busted for cocaine makes history in Trinidad by: – June 15, 2012 Share Share Tweetcenter_img Seventy-one-year-old Grace Pierre-Holder is the oldest person ever jailed in Trinidad for attempted drug trafficking..PORT-OF-SPAIN, Trinidad, Friday June 15, 2012 – Seventy-one-year-old Grace Pierre-Holder may have landed herself in the slammer for the next six years, but the old gal did so in style, making history as the oldest person in Trinidad to be jailed for attempting to leave Piarco International Airport with cocaine in her possession for the purpose of trafficking 12 years ago.The silver-haired grandmother’s 29-year-old co-accused, Daenah John-Finn, carved her own niche as the youngest Trinidad national on record to be charged in an airport case in relation to possession of cocaine.The elderly Pierre-Holder, of Simon Street, Gasparillo was ordered to serve six years simple imprisonment, while John-Finn, of Old Southern Main Road, Claxton Bay Junction, Claxton Bay, was sentenced to five years with hard labour.The sentences were handed down by Justice Carla Brown-Antoine in the Fifth Criminal Court at the Hall of Justice in Port of Spain.Both women were found guilty of the offence on May 3, but sentencing was postponed to allow their attorneys to make pleas of mitigation on their behalf.Leading evidence on behalf of the State were attorneys Renuka Rambhajan and Taterani Seecharan while Pierre-Holder was represented by Senior Counsel Theodore Guerra and attorney John Heath.John-Finn was represented by attorneys Ravi Rajcoomar and Jenna Lucky-Samaroo.Pierre-Holder and John-Finn were among a group of four arrested at Piarco International Airport while waiting to board an American Airlines flight to London via Miami on February 10, 2000.All appeared to be mooching along smoothly until police officers discovered they had packages of cocaine concealed in the male Clarks leather shoes they were wearing.All four were scheduled to return to Trinidad on February 13, 2000, but neither they nor their now-famous shoes ever left the ground.Pierre-Holder’s daughter Michelle Leslie and John-Finn’s boyfriend Jason Connell were the other members of the well-heeled group.Connell was found guilty on May 11, 2006 at the Arima Magistrate’s Court and ordered to pay $25,000 forthwith or serve three years in prison. The fine was paid. Leslie pleaded guilty on January 30, 2008 and was fined $50,000 by an Arima Magistrate.In passing sentences on Pierre-Holder and John-Finn, the judge said those involved were part of a very carefully planned operation.She went on to disagree with the assertion by made by Pierre-Holder’s attorney that his client’s age was a mitigating factor.“Age should bring wisdom and society expects that our more mature citizens would be an example to our younger ones. To put it plainly, (she) should have known better,” Brown-Antoine said.Caribbean 360 News 82 Views   2 comments Sharelast_img read more

EC Trojan Volleyball Awards

first_imgThe EC Volleyball team had our awards banquet last night. The awards were presented after dinner and followed by a video of the season. During the awards ceremony, we also presented a check for almost $1400 that was raised during our Pass the Hope night against Lawrenceburg. The check was given to someone in our community battling breast cancer who wishes to remain anonymous.It was an incredible season. Varsity finished 31-3 (school best record) and 13-1 in the EIAC (1st place). We won the Southport, Ben Davis (first time), and Union County tournaments. We had our best showing at Bloomington South’s tournament, and beat Columbus East for the first time in school history. This year’s senior class is the winningest class in school history with a 4 year varsity record of 105-31 overall and 53-3 in the EIAC. It was one of the best seasons I’ve had as a coach and one I will never forget. Pictures are attached for those that want them.The award winners are as follows:VarsityServing- Junior Alex DisbroMost Improved- Sophomore Emma ErtelDefensive MVP- Junior Molly GreggOffensive MVP- Senior Mack EwingTrojan Award- Senior Bailey Grunkemeyer & Junior Molly GreggEIAC All Conference MVP- Senior Mack EwingEIAC All Conference Team- Seniors Mack Ewing & Ashley Dudley and Juniors Molly Gregg & Alex DisbroSEI Local Sports EIAC Girls Senior Athlete of the Year- Mack EwingIHSVCA Academic All-State- Seniors Bailey Grunkemeyer, Ashley Dudley and Grace EgbersIHSVCA 4A South All-District Team- Senior Mack EwingSchool Records Set This YearSenior Bailey Grunkemeyer- #2 for number of aces in a single season with 69Senior Ashley Dudley- #8 for number of digs in a single season with 393Junior Alicia Rosemeyer- #7 for number of assist blocks in a single season with 75 & #4 & #5 for number of solo blocks in a single match with 4 against Batesville and 3 against GreensburgJunior Alex Disbro- #3 for number of aces in a single season with 68 & #8 for number of digs in a single match with 33 against Columbus East in sectionalsJunior Molly Gregg- #1 for number of assists in a single match with 35 against Franklin County; #1 for number of career service aces with 201; #1 for number of aces in a single season with 76; #2 for number of career assists with 1619 (only 182 being the leader); #2 for number of career digs with 867 (only 314 behind the leader)Mack Ewing- #1 for number of kills in a single season with 550; #1 for number of kills in a single match with 31 against Columbus East in sectionals; #1 for number of career kills with 1151; #1 for highest kill percentage in a single season at 50.7%; #1 for highest career average kills/set at 3.0; #1 for highest average kills/set in a single season at 5.0; #1 for highest hitting & kill percentage in a single match at .889 & 88.95 against South Dearborn; #2 for hitting percentage in a single season at .351; #2 for career kill percentage at 46.1%; #2 for kills in a single match with 30 against Columubus North in sectionals; #8 for number of career blocks with 183; and #10 for number of career solo blocks with 67.JVServing- Freshman Hope FoxMost Improved- Freshman Avery DanielsMVP- Sophomore Jessie StengerFreshmanServing- Mia KlemMost Improved- Michelle BattaMVP- Avery DanielsCourtesy of Trojans Coach Cassie Laker.last_img read more