Upbeat economic reports helped keep the rally going after a brief pause early in the week. On Monday the Institute for Supply Management's October manufactur...
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Washington, DC (PRWEB) January 15, 2015
Growing at an annual rate of more than 20 percent far outpacing the growth of the overall U.S. economy a new report released today shows that the U.S. solar industry added more than 31,000 jobs in 2014, bringing total employment in the sector to 173,807 workers. The results were released by The Solar Foundation (TSF), a widely-respected, non-profit organization.
Solar energy is becoming an increasingly important part of America's future, and this new report offers additional proof of that, said Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA). Not only is solar helping to power more and more homes, businesses, schools and government buildings, but its also helping to power the U.S. economy in a very significant way and, frankly, were just scratching the surface of our enormous potential.
The U.S. solar industrys remarkable growth since 2006 is due, in large part, to smart and effective public policies, such as the Solar Investment Tax Credit (ITC), Net Energy Metering (NEM) and Renewable Portfolio Standards (RPS). By any measurement, these policies are paying huge dividends for both the economy and environment, Resch continued. Today, the U.S. has an estimated 20.2 gigawatts (GW) of installed solar capacity, enough to effectively power nearly 4 million homes in the United States or every single home in a state the size of Massachusetts or New Jersey with another 20 GW in the pipeline for 2015 and 2016. This is going to help to create even more new jobs. Whats more, solar helped to offset an estimated 20 million metric tons of harmful CO2 emissions in 2014the equivalent of taking 4 million cars off U.S. highways or saving 2.1 billion gallons of gasoline. We applaud The Solar Foundation for its hard work in putting together this comprehensive report, which helps to highlight the growing importance of solar energy to America and our future.
To help celebrate this news, millions of people from across the United States and around the world are expected to take part in SEIAs 2nd annual National Shout Out For Solar Day set for Friday, January 16, and taking place on Facebook, Twitter and other social media venues. The event is being promoted on social media by leading companies and environmental groups across the nation.
Houston, Texas (PRWEB) January 06, 2015
Dave Hager, COO of Oklahoma City-based Devon Energy, has joined the slate of speakers for Hart Energys DUG Midcontinent conference. Hager, who will become Devons president and CEO effective August 2015, will deliver the events opening keynote address. The conference and exhibition, scheduled February 24-26 in Oklahoma City at the Cox Convention Center, will bring together top executives and decision makers from the region's most-active exploration and production companies.
DUG Midcontinent offers two days of world-class conference sessions and networking opportunities for industry executives, geologists and engineers looking to hear about effective strategies, trends and technologies that will increase operational efficiency. Another notable speaker, Wade Hutchings, a regional vice president for Marathon Oil, will offer insight on decision-making in todays challenging commodity price environment.
More confirmed speakers to date include:
Small business tax deduction extended
The deduction applies mainly to smaller businesses, as the deduction cap is reduced dollar for dollar by the amount a business' qualifying purchases exceed $ 2 million for the year (or by the amount that it exceeds $ 200,000, if the president does not ...
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Mark Wright wins The Apprentice 2014 and becomes Lord Sugar's next business ...
Winner Wright, originally from Australia, explained that the UK was a dream location to start a new business. His work involves digital marketing and search engine optimisation to help push businesses up online searches. He said: “London particularly ...
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CDC listeria report hurts local business
The report linked the listeria outbreak to pre-packaged, mass produced caramel apples and not the ones made fresh daily by local businesses. And unlike the pre-packaged caramel apples you find in stores the apples at Caramel Creations are refrigerated ...
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After A Massive Year For IPOs, Wall Street Is On Standby For...
New York (AFP) - Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals. Activity was "uninterrupted" and proved largely ...
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Unusual office-furniture business expanding, hiring
Beyond the Office Door sells to businesses of all sizes across the U.S. and Canada, but because it hasn't had a high-profile local presence, Knighton, 31, said the company has nearly zero local customers. But he said the move to the bigger location and ...
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How JP Morgan Does Business, in 100 Pages
J.P. Morgan Chase JPM +0.73% & Co. released a report on how it does business Friday that acknowledges its mistakes and details how it is improving its culture and controls among other things. The report was initiated in response to a request from a ...
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Business News Roundup, Dec. 19
The Dow Jones industrial average had its biggest increase in three years Thursday, rising sharply for a second day. The Federal Reserve set off the rally a day earlier by indicating that it was in no hurry to raise interest rates. The gains were led by ...
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Temple, Arizona (PRWEB) December 11, 2014
To encourage small business growth in the U.S., Tom Wheelwright, CPA, CEO of ProVision, and Author of Tax-Free Wealth, emphasizes why tax incentives for business in the Extenders Bill should be permanent tax deductions versus retroactive. Dozens of tax breaks for individuals and businesses expired in January 2014, and this pattern of passing an Extenders Bill at the last minute so taxpayers can claim deductions on their returns makes financial planning a challenge.
What most people dont realize is that the Internal Revenue Code (the tax law) is designed to encourage certain activities that benefit the American public. The current Extenders Bill only deals with 2014, which is already past. So basically, it is a give-away to people who took specific investment actions they hoped would be recognized with tax savings if, and when an extension of the tax benefits is passed by Congress. ~ Tom Wheelwright, CPA and CEO ProVision
While many extenders are for individuals (such as education credits that encourage people to get advanced degrees and further their education), other provisions encourage businesses to take risk and invest in something that will benefit the overall economy. Three of the business tax benefits in the Extenders Bill that are particularly important to small and growing businesses include:
1. Equipment Deductions This Section 179 provision allows small business owners to deduct equipment purchased in the year they purchased it, rather than normal requirement to take a small deduction every year for 5-15 years. The Bill allows small business to deduct up to $ 500,000 of equipment in a single year. This is a terrific incentive for businesses to reinvest their profits back into their business. Without this provision, a business that reinvested its profits would pay tax on money they didnt have, as the profit would be taxed in the current year and the deduction wouldnt happen for several years in the future.
2. Bonus Depreciation - This deduction is equal to 50% of all new equipment purchased during the year. It applies to all businesses, not just small businesses. Whereas the Section 179 deduction applies equally to new and used equipment, bonus depreciation only applies to new equipment. So it encourages the creation of new production equipment, and is intended to stimulate additional business infrastructure.
3. Research and Development Tax Credit - The third and perhaps most important of the business incentives in the Extenders Bill is the research and development tax credit. This credit, which has been an extender ever since it first came into existence (i.e., it was never a permanent provision), provides an incentive to businesses to do new research and develop new ideas.
While the Extenders Bill is only retroactive, and doesnt really provide an incentive for new activity, Wheelwright believes that its passing does give hope to business owners. It rewards those who took the risks in 2014, and provides a baseline for permanent tax reform.
Now that the Republicans control the House and the Senate, President Obama has taken up the tax reform cry. Obama is making taxes his top project on his domestic agenda for the next two years. Wheelwright predicts this tax focus will most likely result in a boxing match between the President and Republican House and Senate with the hope of some real tax reform over the next couple of years.
Looking ahead, Wheelwright underscores, Hopefully, we will get some real tax reform over the next couple of years. It is not an easy battle; nor should it be. There will be winners and losers. Lets hope that small business owners, who provide most of the jobs and economic activity in this country, come out winners. If they win, everyone wins.
Tom Wheelwright, CPA and CEO of ProVision, is a leading tax and wealth expert, speaker, published author of "Tax-Free Wealth" on partnerships and corporation tax strategies, and a Rich Dad Advisor/Speaker for Robert Kiyosaki, who wrote Rich Dad Poor Dad. Donald Trump selected Tom to contribute to his Wealth Builders Program, calling Tom "the best of the best." He is best known for making taxes fun, easy and understandable, and specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes. He is also the Founder of WealthStrategyU, and has been featured in Accounting Today, Deseret News National, and CEO Blog Nation, and as a guest on the Real Estate Guys Radio Show and Money Radio 1510 Business for Breakfast. http://taxfreewealthadvisor.com
For a timely interview on Tax and Wealth Strategies, please contact
As Stryker Hip Lawsuits Settle, Bernstein Liebhard LLP Notes Release of National Joint Replacement Registrys Inaugural Annual Report
New York, New York (PRWEB) November 13, 2014
In light of a recently-announced agreement to settle thousand of Stryker hip lawsuits (http://www.consumerinjurylawyers.com/stryker-rejuvenate/stryker-hip-lawsuits/) involving the 2012 recall of Rejuvenate and ABG II Modular-Neck Hip Stems, Bernstein Liebhard LLP notes the release of the inaugural Annual Report from the newly-launched American National Joint Registry. The report, which was released on November 6th by the American Academy of Orthopaedic Surgeons, includes data on roughly 43,000 hip and knee replacement surgeries performed at 120 U.S. hospitals in 2013, and reflects about 4.5% of such procedures performed annually. For now, the information collected by the registry includes data on gender, the age of patients, revision surgeries, and use of diagnostic codes. In the future, the registry will begin collecting information on post-operative complications and other more complex data.*
Our Firm is representing numerous individuals who were allegedly harmed by Strykers now-recalled Rejuvenate and ABG II hip stems. The information collected by this new registry may be useful in detecting the types of problems that result from artificial hips, says Bernstein Liebhard LLP, a nationwide law firm representing the victims of defective drugs and medical devices.
Stryker Hip Settlement
The Stryker hip recall was announced in July 2012, after the Rejuvenate and ABG II hip stems were found to be vulnerable to fretting and corrosion at the modular-neck junction. According to Stryker, this may place recipients of the implants at risk for adverse local tissue reactions, pain and swelling. The company has recommended that all patients fitted with one of these devices undergo medical testing and imaging screening to ensure their device is performing as intended, even if they have not experienced any symptoms that would suggest otherwise.**
Since the recall was issued, thousands of Stryker hip lawsuits have been filed in state and federal courts on behalf of individuals who were allegedly harmed by the metal hip components. On November 3, 2014, the Stryker hip settlement program was announced in New Jerseys Bergen County Superior Court, where more than 2,100 claims involving the Rejuvenate and ABG II components are currently pending. (In Re Stryker Rejuvenate Hip Stem and the ABG II Modular Hip Stem Litigation, No. 296) The settlement could resolve those cases, as well as nearly 2,000 others that have been filed in a federal multidistrict litigation now underway in U.S. District Court, District of Minnesota. (In re: Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, No. 244)
According to court documents, the global settlement program provides for gross base awards of $ 300,000 per failed implant, with potential deductions and enhancements based on the particulars of each case, including additional compensation for claimants who suffered complications during revision surgery and for other damages, including future surgeries caused by complications. The settlement also provides compensation for individuals who need a revision but are medically unable to undergo the surgery. Claimants may begin receiving their awards by the summer of 2015.
There is no overall cap or fixed fund for Strykers liability under this settlement program. According to the Associated Press, Stryker has disclosed that it will pay at least $ 1.43 billion to fulfill the terms of the agreement.***
To learn more about Bernstein Liebhard LLP and its involvement in the Stryker hip recall litigation, please visit the Firms website. To arrange for a free case review, please call 800-511-5092.
*modernhealthcare.com/article/20141107/NEWS/141109960/first-data-flows-from-national-registry-tracking-joint-replacements, Modern Health Care, November 7, 2014
***abcnews.go.com/Business/wireStory/stryker-pay-143b-settle-hip-implant-cases-26664666, Associated Press, November 3, 2014
About Bernstein Liebhard LLP
Bernstein Liebhard LLP is a New York-based law firm exclusively representing injured persons in complex individual and class action lawsuits nationwide since 1993. As a national law firm, Bernstein Liebhard LLP possesses all of the legal and financial resources required to successfully challenge billion dollar pharmaceutical and medical device companies. As a result, our attorneys and legal staff have been able to recover more than $ 3 billion on behalf of our clients. The Firm has been named by The National Law Journal to the Plaintiffs Hot List, recognizing the top plaintiffs firms in the country, for the past 12 consecutive years. Bernstein Liebhard LLP is the only firm in the country to be named to this prestigious list every year since it was first published in 2003.
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