Calabria Co. Ltd. president and general manager Christopher Quimbo said the House version proposes an additional 15% ad valorem tax on wines on top of the specific tax rate that will increase to P60 from P37.9 currently. — BW FILE PHOTO A BILL to increase the excise tax on alcohol products will effectively “kill” the wine industry, a Senate committee was told. “The newest version of this bill from the House is actually different from…"Wine importers push back against proposed tax scheme in House bill"
Traditionalists may look aghast at CS50, Harvard’s introductory computer science course, which last year became the school’s most popular course of any kind. It’s taught by a young professor in jeans and a black T-shirt, David Malan, whose lectures are highly polished, fast-paced performances filled with props, demonstrations, and student involvement. Students aren’t required to attend, though; lectures are recorded in a slick, multi-camera format with production values that rival commercial TV, and most students…"How Harvard’s Most Popular Class Became a ‘Lifestyle’"
One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof of his North Dartmouth, Massachusetts, home. Firefighters rushed over and discovered that flames had burned through the shingles, the roof and a support beam. Luckily, a recent rain had doused it. A month later, a fire…"Walmart and Amazon say Tesla solar panels caused fires at their properties. Now, homeowners say the same"
The Philippine Amusement and Gaming Corp. will regulate the practice of financing casino players. — BW FILE PHOTO THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) said Thursday that it will regulate the practice of financing casino players after cases of abduction due to unpaid debts. “We likewise intend to accredit and regulate casino financiers subject to the implementing rules and regulations on lending companies by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission and…"PAGCOR to regulate creditors of casino-players like finance firms"
THE PESO finished stronger on Thursday ahead of an expected downward revision in US economic growth data. The local unit ended at P52.18 against the greenback yesterday, up 14.1 centavos from Wednesday’s P52.321-to-a-dollar close. The peso opened at P52.35 versus the dollar. Its closing level was its best intraday showing, while its lowest point was seen at P52.40 against the greenback. Dollars traded on Thursday increased to $1.148 billion from Wednesday’s $1.107 billion. “The peso…"Peso strengthens on profit taking ahead of likely weak US GDP data"
When Fitbit CEO James Park and his team finally decided that the pioneering maker of activity tracking wristbands should move up market to smartwatches, their first product was a bit of a dud. The 2017 Fitbit Ionic cost $300, almost as much as an Apple Watch at the time, and had a harsh, science fiction look that didn’t jibe with enough Fitbit fans. But Park’s second effort, the Fitbit Versa released last year, was a…"How Fitbit Could Stage a Comeback With Its New Watch and Premium Service—Data Sheet"
There are different ways to establish how much you should be saving for retirement. Most people would agree that regular saving is a good way to plan for retirement, but how much to set aside and how to set your targets are up for debate. Rules of thumb Registered Retirement Savings Plans (RRSPs) were introduced in 1957, and the maximum contribution limit as a percentage of earned income was 10 per cent, up to a…"How to save for retirement at a time when most aren’t saving much at all"
Ring, the smart-doorbell company that Amazon bought for at least $1 billion last year, says it has partnered with more than 400 U.S. police forces to gain voluntary access to the video footage recorded by Ring doorbells. “Today, 405 agencies use the Neighbors Portal,” the company writes in a corporate blog post Wednesday, published after a Washington Post story detailed the expansion of its police partnerships, which had reached a larger scale than previously reported.…"Amazon’s Ring Partners With 400 Police Forces, Adding Fuel to an Already Raging Privacy Debate"
Since its debut two days ago, online video game World of Warcraft Classic has generated a level of excitement that surprised many observers. Demand to play the game has far outpaced server capacity, leaving would-be players waiting hours to enter its multi-player world of orcs and dragons. This would be remarkable for any game, but it’s particularly striking because WoW Classic is essentially the re-release of a 15-year-old title—complete with rough-edged character models and, arguably,…"A 15-Year Old Video Game Is Catching Fire All Over Again"
A former Google employee elaborated on previous allegations about her relationship with a powerful executive at Google parent Alphabet, saying that she was forced out of the company and that he refused to help raise their child. Jennifer Blakely, who worked in Google’s legal department, posted a detailed account of her involvement with Alphabet Chief Legal Officer David Drummond, claiming he broke company rules about workplace relationships and declined to pay child support for several years after…"Ex-Google Employee Says She Was Forced Out by Alphabet’s Chief Legal Officer, Who Refused to Pay Child Support for Their Son"