Monday, May 2, 2011

Studies: Rich Don't Flee High-Tax States

When New Jersey Gov. Chris Christie was presented with a new state tax on the wealthy, he vetoed it. He said:

You're not going to fix this tax situation by continuing to load more and more taxes onto people who have both the ability to leave the state and the inclination to leave the state if they feel as if they are being treated unfairly.

It's not just Christie. Democratic governors in New York and Maryland recently dropped extra taxes on the wealthy from their budgets, citing the same concerns.

But two new studies show there is little evidence that the rich flee high-tax states.

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"Taxes [have] essentially no impact on causing people to leave a state," says Jeff Thompson, of the Political Economy Research Institute at the University of Massachusetts, Amherst.

In a study tracking 18 years of migration between states in New England, Thompson found that people mostly move for job-related reasons. They go where the jobs are, regardless of whether it's low-tax New Hampshire or higher-tax Maine.

"If you're living in a state and your tax bill goes up by a thousand or two thousand dollars," he says, "that ... pales in comparison to what it would cost you to actually move. And it might not be worth it to have to be farther away from your job, farther away from your friends."

And Thompson says the stickiness of where you live is just as strong for those with higher incomes. In fact, they often have bigger houses, and businesses they can't move, and more ties to a community.

So why the persistent idea that the rich are ready to pack up at a moment's notice if state taxes get bumped up?

Part of it is the power of anecdotes.

People move all the time. People complain about taxes all the time. And sometimes those people are famous economists ? like, say, Arthur Laffer.

"I left California and I moved to Tennessee, because Tennessee has no income tax," Laffer tells me.

Laffer is famous in part for the Laffer Curve, which describes the way higher taxes can cause people to work less, which in turn can lower the amount of tax revenue the government takes in.

"Those states with no income tax have grown a lot, lot faster than those with the highest income tax rates," Laffer says. "So it's not just the rich who move. But the businesses move as well, and then the workers go with them."

But just because there are people moving out of New York and California and New Jersey, you can't automatically blame taxes. A lot of those low-tax states have sunny weather, cheap land and relatively healthier economies. It's a complex equation.

What researchers needed was a natural experiment to tease out the influence of taxes. And they found just such an experiment, in Chris Christie's home state of New Jersey.

In 1994, New Jersey increased taxes on income over $500,000 by 2.6 percent. And what happened?

"The vast, vast majority just don't respond to the tax. They stay put," says sociologist Charles Varner of Princeton University.

Varner compared people who were just under the line for the new tax ? who made, say, $400,000 a year ? with those who suddenly had to pay more taxes.

According to Varner's study, both groups moved away from New Jersey at the same rates.

"The effect on migration is minimal," he says.

Varner says there may be plenty of reasonable arguments for avoiding new taxes on the rich. You can argue that new taxes aren't fair. You can argue that they affect investments in new businesses. But a mass exodus? So far, no one has proved it.

Source: http://www.npr.org/blogs/money/2011/04/29/135813061/studies-rich-dont-flee-high-tax-states?ft=1&f=1017

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Sunday, May 1, 2011

Redbox will offer $2 per day videogame rentals nationwide in June

GAME ON! REDBOX ANNOUNCES IT WILL OFFER VIDEO GAME RENTALS NATIONWIDE THIS JUNE
April 28, 2011 ?Redbox, America's movie rental destination, today announced it will offer video game rentals at more than 21,000 redbox locations nationwide beginning June 17, 2011. Top video games will join new release movies for only $2 a day complementing $1 DVD and $1.50 Blu-ray? daily rental prices. The announcement follows a test of video game rentals in select U.S. markets that began in August 2009.

"Redbox will increase consumers' access to video game rentals by leveraging our incredible technology and business model to keep rental prices low for consumers," said Mitch Lowe, president, redbox. "With more than 21,000 redbox locations slated to feature video game rentals alongside movies this June, redbox will be the one-stop shop for entertainment."

Redbox, a Coinstar, Inc. brand, has tested video game rentals alongside movies at 5,000 redbox locations. "Redbox has rented more than one million video games in less than two years at these locations, underscoring the popularity of video game play in America," added Lowe.

Today, nearly 64 percent* of people in the United States own a game console.
Upon launch, redbox will feature games across the three major console platforms: PLAYSTATION? 3, Nintendo Wii? and Xbox 360?. Video game titles will range from top releases to popular family and kids titles.

"Redbox will make discovering the latest games as easy as a trip to the local grocery, convenience or drug store," said Joel Resnik, vice president, games, redbox.

About Redbox
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), offers new release DVD and Blu-ray Disc rentals through its network of conveniently located, self-service kiosks. Redbox has rented more than one billion movies and is available at more than 27,000 locations nationwide, including select McDonald's restaurants, leading grocery, drug and convenience stores, select Walmart locations and Walgreens locations in select markets. For more information, visit www.redbox.com.

*Source: Interpret New Media Measure, Q4 2010

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/98Gx8b5lpsQ/

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NASA's Endeavour on cusp of final flight (photos)

Commissioned in 1987 to replace the space shuttle Challenger, which was lost in 1986, and named by elementary school students after the British HMS Endeavour, the sailing ship that took Captain James Cook on his first travels, the space shuttle Endeavour has earned a short but noteworthy place in NASA's history of space exploration.

The youngest of NASA's shuttle fleet, Endeavour was built with unique upgrades from previous orbiters, including the drag parachute used on landing; modified electrical and plumbing systems in the Extended Duration Orbiter (EDO), to allow for extended stays on board (up to 28 days); more-advanced computers and navigation systems; a solid-state star tracker; and improved steering mechanisms.

As a tool of space innovation, Endeavour has contributed to projects that have had far-reaching impacts on the space program, including the major Hubble Space Telescope repairs that improved Hubble's clarity, and 10 dockings with the International Space Station, during which Endeavour delivered and installed major sections of the international space outpost. This week will see the launch of mission STS-134, Endeavour's 25th and final flight, and the second-to-last space shuttle mission ever.

In this photo, Endeavour is seen on February 9, 2010, over the South Pacific Ocean off the coast of Southern Chile, at an altitude of 183 miles. The craft is silhouetted against the Earth as it prepares to dock with the International Space Station.

The orange troposphere, where all of the clouds we see from Earth are generated and contained, gives way to the whitish stratosphere and then to the mesosphere.

Photo by NASA

Caption by James Martin

Source: http://news.cnet.com/2300-11386_3-10007579.html?part=rss&subj=news&tag=2547-1_3-0-20

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How Perfect Is The Relationship Quiz | First Baptist Church of Corning

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How Perfect Is The Relationship Quiz

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    A Father And His Daughter: 'Always My Buddy'

    Steven Wells and his daughter, Jennifer, spoke about her childhood at StoryCorps in Macon, Ga., where they have been living since 1996.
    Enlarge StoryCorps

    Steven Wells and his daughter, Jennifer, spoke about her childhood at StoryCorps in Macon, Ga., where they have been living since 1996.

    StoryCorps

    Steven Wells and his daughter, Jennifer, spoke about her childhood at StoryCorps in Macon, Ga., where they have been living since 1996.

    Jennifer Wells recently asked her father to look back on the day she was born, 27 years ago ? and to tell her how he felt about becoming a dad. Steven Wells started his story with, "I was scared to death."

    Jennifer's mother stayed in the hospital for a week. It fell to Steven to take their new baby home and look after her.

    "I mean, I'm a blue-collar kind of guy," he says. "I've worked in factories and construction; I was a firefighter ? and I've got a little baby girl in the house."

    Steven says he asked himself, "What am I going to do with this? I'm afraid I'm going to break it!"

    Back then, he was working serious jobs. But that doesn't mean he felt ready for the new responsibility.

    "I was 29 years old and acting like I was 19," Steven says. "And all of a sudden I had to grow up."

    "I'm glad you didn't grow up too much," Jennifer says. "I was an only child so, you know ... you were my playmate."

    "I tried to be the father to you that my father never was to me."

    That was back in Ohio, where Steven, who's now 57, grew up.

    "I'll never forget, when I was about 10 years old, I was asking my dad to go out and play baseball with me," he says. "And he didn't want to go out with me. And my mother started bugging him, 'Come on, Bill, go out and play with the boy!'

    "And I'll never forget hearing my dad say, 'Jesus Christ, Kay! I'm the boy's father. If he wants to play with somebody, he can go up the street and play with one of the other kids.' "

    Steven told himself, "I'm not going to be that kind of father."

    And he played with his little girl ? a lot.

    "We had my old Air Force duffle bag," he says, "full of Frisbees and soccer balls, baseballs, footballs ..."

    "Yes! I loved that bag!" Jennifer says.

    "... and we'd drag it down to the park. You were always my buddy."

    But the two didn't always live in the same house. When Jennifer was 14, her parents got a divorce. As Steve recalls, it was very hard for him to tell Jennifer about the split. At the time, they were living in Ventura, Calif.

    "When I finally told you that your mother and I were breaking up, we took a walk," he says. "And I was in tears, trying to tell you that I wasn't going to be living at home anymore. And you know what you told me?

    "You put your arm around me and you said, 'Dad, it's OK, lots of my friends' parents are divorced, I'll get through it. I'm worried about you.'

    "You said that to me, and I've never forgotten that. You know, I loved you more than myself. And you are living proof that it was worth it."

    "And I love that you stayed so close, too," Jennifer says.

    Steven and Jennifer have lived in Macon, Ga., since 1996. Recently, the two were talking over lunch, and Jennifer asked her father if he had any regrets.

    "And I thought about it and, you know, guilt sucks," Steven tells his daughter.

    "There are things that I wish had happened differently, or things that didn't happen. But you make it all worthwhile," he says.

    "Thank you," Jennifer says, laughing.

    "I am honored to be your father."

    "I love you."

    "And I love you ... more than you will know."

    Audio produced for Morning Edition by Michael Garofalo. Recorded in partnership with Georgia Public Broadcasting.

    Source: http://feedproxy.google.com/~r/NprTopicsInterviews/~3/VrKfCQwEakU/a-father-and-his-daughter-always-my-buddy

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    Nearly nine o?clock, and Mo is still sitting in a small day room watching television. It is a well known entertainment, and its ratings in the country always comes first.vibram five fingers sale The light is off the living room, and television to dispel the darkness of weak fluorescence, room air-conditioned, MO small day back bent into a bow, and the whole body is almost melt into the soft sofa cushions. Took out his cell phone, he seems to want to send a text message, but then hilarious up, because the TV Funny that started the golden combination. This made him put down the phone, had to turn our attention to the television. ?Small day, do not sleep? Tomorrow, not at school?? Mo Xiao Tian?s mother do not know when to stand behind him, dressed in pajamas, his face a mask deposited, like a monster the same. And Sadako is also a level at least, right? MO Xiao-day turn around, his face out of a trace of a smile: ?I know, you first go to bed.? His mother came, picked up a small day Mo face toward his forehead kissed, softly: ?Then I asked to sleep oh! Do not be too late.? Xiao Tian Mo nodded, turning head and then watching TV. He said to his mother?s attitude, it seems cold light, and even has been maintained by courtesy, which is indeed some doubts have to say something. At this time, suddenly the phone on the coffee table ?buzz? to shake up, which caught his attention. Because it was late, he would like to call him in the end is who. When he saw the phone fluorescence displayed ?Lin Yu,? the word, immediately press the green call key. ?Hello. Lin Yu, how?? He is a bit excited, but feel a little unusual. This is his cell phone to buy Lin Yu Lin Yu for the first time since the initiative to contact him, but so late, Xiao-Lin Yu and procedures should be together is. ?Small day, you, you can trip out of it?? Voice on the phone, so little day air fly from Mozambique. He kind of cold feeling,gucci outlet mixed with a trembling voice that I hear the sound of wind and rain wreak havoc at once stood up to him. ?Where?? He frowned. ?School in front of the station ? ?? ?how do you there? Cheng Xiao it?! You wait for me!? Little Mo Lin Yu did not wait for days to say what they hung up the phone. Or he?s asked, but because he was very anxious irritability. Hastily put on a thick coat, MO small day to take off from the door umbrella, then exit.

    ?Hey! So late, are you going? Your dad is not home,vibram fivefingers sale but also the name of mine, I am a man ? ?? his back, that ghost mask made out to recover the woman said quickly. Just as she chased out of sight Mo has a small day figure. The woman immediately gave Leng Heng, burst into the room pick up the phone, it roared toward the phone, ?you control whether your home son?!? A taxi at the station quickly Ting Qian rain stopped, splash from a trace of spray. MO Xiao-day rush to walk off. Lin Yu body is curled up hiding in rain booth, she was covered already wet, howling trembling. Hands Jinjinzuanzhao phone, because too much force, a pale finger joints. See Mo go down the small days, Lin Yuli that fury. Little Mo days hiding arms, tightly, pulling his clothes, Lin Yu finally began to cry. Like a drowning man caught driftwood. Lin Yu?s action, Jean Monnet small day while distressed, and the nose can not help the pantothenic acid. Rubbed his nose, frowning, looked at Mo Xiao-Tian Lin Yu dripping wet body and then gently hand is still hanging drops Lile Li Lin Yu cheek tightly close to the hair, said softly: ? Lin Yu,five fingers sale how? how do you here? Cheng Xiao? You have to stay here? ?His voice was very soft light, for fear of people who alerted the arms of children. In fact, the small days here in Mozambique the way, his mind already numerous speculations, more trace of anger, because Lin Yu?s voice made him feel helpless and fear. Just to see the forest birds look like, and he did not bear to speak loudly. ?I?m cold.? Lin Yu said only a whisper. She then moved his body toward the arms of another Nuele Nue MO small days. Like a stray cat came up with the same owner. ?Ah!? Little Mo Jiangyanhuanxiao days, the forest birds one way or another taxi, ?my first talk!? Taxi driving air conditioning, heating has forced forest Yu could not help but sneezed, also, the nose out. Off the wet cotton, Mo took a small day fed to the paper towels, Lin Yu rubbed his nose and whispered: ?I do not want to go to your home. You take me back, that really ok?? Mo Small-day silence, and finally directed the taxi driver said: ?A hotel to the nearest bar! a little better. faster.? taxi driver Jean Monnet small smile that some evil days. Mo When Yu Lin came out from the supermarket, his face wearing a little easier rare.vibram five fingers speed ?Lin Yu, what are you doing? Is shopping it?? Enron frowned. But look at that situation, does not like to buy things ah. Enron thought, my heart is are confused.

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    Lin Yu?s eyes than the bright stars also cast a layer of haze. She bit her lip. Anyway, I?m just a bad student only. Even making a ruffian?s girlfriend, as long as that evidence to get it back, vibram fivefingers trek this matter to the small days, and Mo is no longer associated with that. Cheng Mo Xiao and although the relationship between the small day is not very good, but not too bad, they can not because of Young?s sentence, we have to little mo to death days. That time is their own and Cheng Xiao, Ouyang between three things. Lin Yu this intention, and then looked out the window: but if you want to get those things, and only pretend to be in the pursuit of tomorrow, Ouyang was. Lin Yu sigh a sigh, looking at the ceiling of a passing black bug staring. Then quickly shook his head, eyes flicker of hesitation, and then heard the toilet flushing sound. Fragments of those photos, instantly disappeared. Lin Yu holding a cell phone, out of the bathroom. Anyway, we have to live, to be alive, it would be hard. Collection, recommended. A lot later, do not want to upload a chapter a day, in terms of these coherent content. So today many more. I try to update later, keep more of. Look forward to noon! Kids, 12:30, come back a chapter. Phnom Penh from the sun set jumping out of the dark abyss, Lin Yu watching it all. She could not sleep the night stand before Enron room window looking at the sky. And now, the darkness into the light has been hidden in a. And Enron, have marshalled bag. ?Let?s go!? Lin Yu took a deep breath, smile directed at Enron. When Enron went Loyalty Lin Yu and high school, the school has already opened the door. The students in twos and threes and go. ?Going to class yet. Now the classroom should be a lot of people, right?? Lin Yu thought, vibram five fingers trek but when she walked into the room, not help the first was shocked. As though she had expected that there will be many people, but many people are beyond her imagination. These people do not completely the class of people, more high school seniors is they have a variety of odd shapes and hooligans who bully. The real class of students, he was rushed to the edge of the classroom, at a loss, looking at all this, one whispering to each other from time to time.

    Source: http://world-publish.com/arts-entertainment/visual-graphic-arts/vibram-fivefingers-kso-trek-black/

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    CMT : News : Stars Attend Fundraising Dinner for Cancer Research

    Martina McBride

    Martina McBride

    Numerous country artists, including Dierks Bentley, Martina McBride and Blake Shelton, attended a gourmet dinner at the Hutton Hotel in Nashville on Monday night (April 25), helping to raise more than $170,000 for cancer research on behalf of the T.J. Martell Foundation. Other guests at the 12th annual Eco-Energy Best Cellars Dinner included Big Kenny of Big & Rich, Clint Black and Lisa Hartman Black, Kix Brooks, Laura Bell Bundy, Jonathan Cain of Journey, Amy Grant, Charles Kelley of Lady Antebellum, members of Little Big Town, Kellie Pickler and Joe Don Rooney of Rascal Flatts. The four-course gourmet meal was prepared by guest chef Ken Frank, executive chef and owner of La Toque in Napa, Calif., while the wines were chosen from private collections across the U.S. Proceeds from the event will help the T.J. Martell Foundation's mission of funding cancer research at the Frances Williams Preston Laboratories at the Vanderbilt-Ingram Cancer Center. The event has raised more than $2 million since its inception in 1999.

    Source: http://www.cmt.com/news/news-in-brief/1662809/stars-attend-fundraising-dinner-for-cancer-research.jhtml?rsspartner=rssMozilla

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