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The Delamere International Newsletter ©

Edition of 1 November 2015 # 273

This Newsletter is published as a Free Service to all clients of Delamere-Pennine Associates, International Business & Marketing Consultants.

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IN THIS ISSUE

  1. Business: Foreign Bank Holdings
  2. Business: New Offices for Major International Law Firm now in South Africa
  3. Business: Rwanda & the Clinton Foundation
  4. Construction & Business: Chinese Way of Building a Bridge?
  5. Education & Environment: Listening to the Recording of Birdsong & Soundscapes
  6. Education & Cinema: History of Moving Images
  7. Education: History of the First World War (1914-1918)
  8. Education: Institutions Offering Free Courses to Canadians & International Learners
  9. Education & Health: How to Handle Parkinson’s Disease?
  10. Education: The African Studies Collection
  11. Education & Health: Beer or Wine, Which is Better for Your Health?
  12. Education: Developing a Sustainable Financial Model in Higher Education for Open Educational Resources
  13. Immigration: Illegal Immigration into South Africa (Not Just a USA Problem)
  14. Real Estate: Los Angeles Homeless Capital of America


 

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1. Business: Foreign Bank Holdings
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(This is a very important item for our 1000’s of readers who are involved in global trade.) FATCA has created havoc for Americans living offshore, investing offshore and just simply trading and banking offshore. This bit of legislation has resulted in many Americans being shut out and deemed pariahs around the globe.  What is FATCA? The Foreign Account Tax Compliance Act (FATCA) is a United States federal law requiring United States persons, citizens or Green Card holders, (including those living outside the U.S.) to have yearly reported themselves and their non-U.S. financial accounts to the Financial Crimes Enforcement Network (FINCEN), and requires all non-US (Foreign Banks) and Financial Institutions (FFI's) to search their records for suspected US persons for reporting their assets and identities to the US Treasury. Congress enacted FATCA to make it more difficult for (resident and non-resident) U.S. persons to have financial assets which are not located in the United States, by adding further asset-reporting law with consequences, and thus to enable further federal tax revenues and penalties from a wider global population of newly discovered US persons and their partners, at the expense of non-US banks.  One of our clients, who is a Green Card holder and conducts a successful business in the USA and Internationally, and who has a bank account with a leading South African bank (****) (plus many other bank accounts in other countries) has even been threatened by this bank, that if they do not divulge their holdings to the IRS in the USA, that they will be reported without further warning to the South African Revenue Service (SARS) and the IRS in the USA. Read this report by the Forbes magazine.

 

Editor’s Notes

(a) To read full FATCA Tax Compliance Act by the US Government, click here.

(b) To read an objective opinion of this new Tax Act, we encourage our readers to visit this page.

(c) Plus this web site provides a more realistic view of the chance of the new Tax Act being repealed? Click here.

(d) This additional comment was just sent in to our NEWS DESK by one of our regular readers.

"News out of Canada this past week provided a bit of a twist in the FATCA rules.  As you know, FATCA requires the reporting of bank and financial assets held overseas by U.S. citizens and their institutions. Several readers sent this along believing the United States IRS was engulfing the records of Canadian citizens. I don’t believe this to be the case. As I understand it, this ruling will only affect U.S. citizens living in Canada or people with dual U.S./Canadian citizenship." Read more.

(e) Read also this report sent in by a reader, “In addition, U.S. firms or small businesses, which operate in international markets as well as in the U.S. are now often branded with a leprosy-like status.” Read more.

 

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2. Business: New Offices for Major International Law Firm now in South Africa
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Herbert Smith & Freehills enjoys a market leading and long-established reputation in Africa, having acted on numerous matters throughout the continent over the past three decades and they are opening its first African office, in Johannesburg, to take advantage of the growing market on the continent, while delivering tailored offerings to sectors such as energy, infrastructure and mining.They have one of the largest teams of common and civil law lawyers advising almost exclusively in relation to Africa, comprising lawyers from a diverse range of cultures and backgrounds, a number of whom are of African nationality or have lived and worked on the continent. The language skills within the team include English, French, Arabic, Spanish, Portuguese and German. To read the full report, go to our NEWS DESK link.

Editor's Note: Visit our web page on Legal Services


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3. Business: Rwanda & the Clinton Foundation
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In a resurgent Rwanda, only 21 years past the genocide, the government of President Paul Kagame has deputized a high-profile partner for an array of endeavors across this striving, haunted land: in a banana grove in Kayonza, where subsistence farmers are learning to double their yields; in a teaching hospital in Kigali, where American and Rwandan faculty are training a generation of specialists and nurses; in a sprawling plant in Mukarange, where soybeans are being processed into the country’s first domestic cooking oil. In each instance, the partner has been the Clinton Foundation.  To read the full report, go to our NEWS DESK link. (NY Times)

Editor’s Note: Visit our web page on Rwanda.

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4. Construction & Business: Chinese Way of Building a Bridge?
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A bridge needs to be built, so time to bust out the cranes, right?  Not so fast, a Chinese company has built a machine that has a creative way of setting girders into place. The SLJ900/32, is a 580 ton, 300 foot long and 24 foot wide mega machine that looks more like a train than a crane and acts a lot like a Stretch Armstrong action figure.  Instead of using a stationary or crawler crane to lift the girder of a bridge from the ground and drop it into its place, the SLJ900/32 drives the girder onto the previously placed girder, slowly extends its arms to the next support platform, pushes the girder towards the front of the machine and then lowers it into place. To see this incredible video clip, go to this link.

 

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5. Education & Environment: Listening to the Recording of Birdsong & Soundscapes
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Blind nature recordist trusts 7-Series digital audio recorders to capture birdsong and soundscapes. Whether its enduring South America's extreme heat or frigid mountain air, nature recordist Juan Pablo Culasso always sets out to capture high-quality unique bird sounds and soundscapes. Blind since birth, the 29-year-old Uruguayan-born Culasso has a unique perspective on sound recording. To read the full story, go to our NEWS DESK link. (ProAv & Broadcast News)


Editor’s Note:  Visit the personal web site of Juan and enjoy some of the recordings. Our favourite is the soundscape “Voice of Amazonia

 

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6. Education & Cinema: History of Moving Images
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The Society of Motion Picture and Television Engineers® (SMPTE®), a leader in motion-imaging standards and education for the communications, media, entertainment, and technology industries, today announced that it has released the trailer for "Moving Images," a SMPTE film project aimed at documenting the history of motion-imaging technology. To read the full report and see the video clip, visit our NEWS DESK link. (Post Production & Digital Cinema News)

 

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7. Education: History of the First World War (1914-1918)
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In this phenomenal interactive from the British newspaper, the Guardian, ten historians from ten different countries offer a brief history of the First World War. Appropriately, the documentary may be viewed in English, French, German, Italian, Spanish, Arabic, or Hindi. To begin, readers may select Enter and Play. Seven video chapters are then available, each between three and six minutes in length, chronicling themes such as Origins, Trenches, Empires, Fronts, Slaughter, Endings, and Aftermath. In addition, selecting the Interactive option for each chapter, which looks like a pointing finger, allows readers to explore an interactive map of the nations and empires who were engaged. For anyone with an interest in the Great War, this page will offer unusual insight into the nature and consequences of this epic conflict. Visit this site.

From The Scout Report, Copyright Internet Scout 1994-2015

Editor's Note: See also the article in our Newsletter of 1 June 2013, News item # 13, click here. Plus the News Item about the Battle of the Somme, one of the bloodiest battles of World War One with more than one million casualties over 141 days, see our Newsletter of 1 December 2007, News Item # 11, click here.

 


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8. Education: Institutions Offering Free Courses to Canadians & International Learners
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Canada’s important areas of expertise in open educational resources (OER) are beginning to be built upon or replicated more broadly in all education and training sectors. This research paper provides an overview of the state of the art in OER initiatives and open higher education in general in Canada, providing insights into what is happening nationally and provincially. There are growing examples of OER initiatives from several Canadian institutions offering free courses to Canadians and international learners. National open education initiatives include the federal government's Open Data pilot project and the Council of Ministers of Education of Canada (CMEC) support for the Open Educational Resource Paris Declaration, as well as Creative Commons Canada. Regionally, the western provinces of British Columbia and Alberta are supporting OER as part of major open education initiatives. Visit this site.

 

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9. Education & Health: How to Handle Parkinson’s Disease?
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Boxing champion’s Muhammad Ali, care-giving wife, Lonnie, shows what it means to go the distance with Parkinson’s disease. The caregiver edges closer to her frail loved one Muhammad Ali (Cassius Clay), a physically diminished figure of greatness whom she continues to admire, cherish and forever share with the world. Steadfast and selfless, Lonnie Ali has towered in her husband's corner for many long, challenging years. To read this inspiring full report, go to our NEWS DESK link.

 

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10. Education: The African Studies Collection
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Harold E. Scheub, a professor of African Languages and Literature at the University of Wisconsin-Madison, walked more than 6,000 miles through South Africa, Swaziland, Zimbabwe, and Lesotho, to record the oral traditions featured on this site. Readers may like to begin by exploring the three basic categories of Images, Sounds, and South African Voices. The Images consist of over 4,000 photographs of people, buildings, and neighborhoods. Meanwhile Sounds features over 7,000 interviews, songs, and other audible wonders. Finally, the South African Voices section is divided into three volumes, A Long Time Passed, Created in Olden Times, and The Way We Travelled. Each volume is divided into multiple chapters, each annotated with English headings that orient the reader toward the time, place, situation, characters, and basic themes of the text. Visitors can also search the collection by date, publisher, subject, or many other fields. Visit this site.

From The Scout Report, Copyright Internet Scout 1994-2015

 

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11. Education & Health: Beer or Wine, Which is Better for Your Health?
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Few drinks (save tea or coffee) divide the world so spectacularly as beer or wine. There’s no accounting for taste, of course – but there are subtle differences in the way they affect your body and determine your health. Is one more fattening than another? How do their heart benefits compare? And which gives the worse hangover? To read the full report, go to our NEWS DESK link. (BBC)

 

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12. Education: Developing a Sustainable Financial Model in Higher Education for Open Educational Resources
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Financial issues regarding the sustainable production, dissemination, and use of Open Educational Resources (OER) in higher education are reviewed and proposed solutions critiqued. Use of OER produce demonstrable cost savings for students. Yet OER development continues to rely almost completely on government and philanthropic funding. This indicates that a mismatch exists between the financial interests of students and those of higher education institutions. Before OER will be broadly adopted, changes to government policy are required to align institutional objectives with faculty motivations and student needs. Read this report.

 

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13. Immigration: Illegal Immigration into South Africa (Not Just a USA Problem)
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If you wonder why so many illegal immigrants are prepared to risk life and limb to get into South Africa, before you read the harrowing story below, pause a while on our graph. It shows the World Bank’s estimated GDP per capita of the countries where most of the illegals come from. This measure of how much wealth is generated for each person in that country shows rather obviously why South Africa is such a magnet for migration from the north. To read the full report, go to our NEWS DESK link. (BizNews)

 

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14. Real Estate: Los Angeles Homeless Capital of America
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Los Angeles recently declared a state of emergency over the city's growing homeless population - up 12% in two years. Residents of the city's main homeless encampment say a mix of drugs and rising rents are driving the problem. The City of Angels has another nickname: the homeless capital of America. To read the full report, go to our NEWS DESK link. (BBC)

 

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Photo of the Month
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Teton Mountains in Wyoming, USA


This month our photo of the month consists of a series of videos of the beautiful Teton Mountains in Wyoming, USA, (Narrated by Thayne O’Brien (alias for GH). The Grand Teton Association is a nonprofit organization founded in 1937 that has long been an important bridge between visitor and environment in the Greater Yellowstone Ecosystem. The Mission of the Grand Teton Association is to increase public understanding, appreciation, and enjoyment of Grand Teton National Park and the surrounding public lands, through aid to the interpretive, educational and research programs of our partners. Visit this site. (Plus earphones for full effect, and select "full screen" for greatest impact)

 

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This month's quote

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“Always laugh when you can. It is cheap medicine.” ~ Lord Byron (1788-1824)

 

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Book of the Month
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"Lost Dreams of Africa - The British in Kenya" (Book extract) ~ Michael Asher

How industrial civilization wrecks sustainable indigenous societies and replaces them with corrupt and unsustainable ones. This informative blog clearly explains the problems resulting from the British moving into and trying to take over the Africans.  As often said by our senior reporter who has spent over 30 years in Africa, “Africa is for the Africans”. To read the full article, click here.


 

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