From: Our Daily Bread
It Is My Business
READ: Leviticus 19:11-18
You shall not take vengeance, nor bear any grudge . . . , but you shall love your neighbor as yourself. —Leviticus 19:18In 1955, when the South was still highly segregated, Emmett Till, a black teenager from Chicago, visited relatives in Mississippi. After Emmett “dared” to talk to a white woman, two white men brutally murdered him. An all-white, male jury found the two “not guilty”—after deliberating for barely an hour. The two men later confessed to the crime in a Life magazine article.
Following the verdict, Emmett’s mother said, “Two months ago I had a nice apartment in Chicago. I had a good job. I had a son. When something happened to Negroes in the South, I said, ‘That’s their business, not mine.’ Now I know how wrong I was. The murder of my son has shown me that what happens to any of us, anywhere in the world, had better be the business of us all.”
Making another’s concerns our own is what Leviticus 19:18 calls us to do: “You shall love your neighbor as yourself.” Jesus quotes this verse and interprets it as not placing any limitations on loving those around us (Matt. 22:39; Luke 10:25-37). Our neighbor doesn’t just mean someone close by; it’s anyone who has a need. We are to care for others as we care for ourselves.
To love our neighbor means to make the persecution, suffering, and injustice of our fellow human beings our own. It is the business of all who follow Christ. — Marvin Williams
For Further Thought
How can we be a good neighbor? Be respectful to all. Lend a hand. Volunteer. Join a neighborhood association. Speak up when others are treated unjustly.
Compassion puts love into action.
Monday, January 18, 2010
Thursday, January 14, 2010
What I Read Today - Thursday January 14, 2010
From: Our Daily Bread
The Sin Buildup
READ: 1 John 1:5-10
We have this treasure in earthen vessels, that the excellence of the power may be of God and not of us. —2 Corinthians 4:7For hundreds of years, windmills around the world have been used to pump water and to process grains. But in the last few decades, as wind turbines producing electricity have become more prevalent, a “fly in the ointment” unexpectedly occurred.
Researchers discovered that windpower generators worked fine at slow speeds, but at high-wind velocity, bugs on the blades reduced power output. Operators found that it was necessary to regularly wash off the buildup of dead insects to avoid having them slowly decrease the turbine’s power.
A buildup of sin in a Christian’s life can be a problem as well. God has provided a way to clear the accumulation of sins from our lives. First John 1:9 reminds us: “If we confess our sins, He is faithful and just to forgive us our sins and to cleanse us from all unrighteousness.” But unless we do that often, we’ll be running on diminished power. That’s because the power for living comes from God and not us (2 Cor. 4:7). When we try to live the Christian life in our own strength, we’ll feel defeated—like windmills robbed of their energy.
God’s power can be more easily seen and experienced in our lives when we get rid of sin’s buildup every day. — Cindy Hess Kasper
The power in our Christian life
Will be diminished by our sin;
Confession will restore our strength—
When we’re forgiven, cleansed within. —Sper
Sin drains our spiritual power; confession restores it.
The Sin Buildup
READ: 1 John 1:5-10
We have this treasure in earthen vessels, that the excellence of the power may be of God and not of us. —2 Corinthians 4:7For hundreds of years, windmills around the world have been used to pump water and to process grains. But in the last few decades, as wind turbines producing electricity have become more prevalent, a “fly in the ointment” unexpectedly occurred.
Researchers discovered that windpower generators worked fine at slow speeds, but at high-wind velocity, bugs on the blades reduced power output. Operators found that it was necessary to regularly wash off the buildup of dead insects to avoid having them slowly decrease the turbine’s power.
A buildup of sin in a Christian’s life can be a problem as well. God has provided a way to clear the accumulation of sins from our lives. First John 1:9 reminds us: “If we confess our sins, He is faithful and just to forgive us our sins and to cleanse us from all unrighteousness.” But unless we do that often, we’ll be running on diminished power. That’s because the power for living comes from God and not us (2 Cor. 4:7). When we try to live the Christian life in our own strength, we’ll feel defeated—like windmills robbed of their energy.
God’s power can be more easily seen and experienced in our lives when we get rid of sin’s buildup every day. — Cindy Hess Kasper
The power in our Christian life
Will be diminished by our sin;
Confession will restore our strength—
When we’re forgiven, cleansed within. —Sper
Sin drains our spiritual power; confession restores it.
Tuesday, January 12, 2010
What I Read Today - Tuesday January 12, 2010
From: The New York Times
The Tel Aviv Cluster
By DAVID BROOKS
Jews are a famously accomplished group. They make up 0.2 percent of the world population, but 54 percent of the world chess champions, 27 percent of the Nobel physics laureates and 31 percent of the medicine laureates.
Jews make up 2 percent of the U.S. population, but 21 percent of the Ivy League student bodies, 26 percent of the Kennedy Center honorees, 37 percent of the Academy Award-winning directors, 38 percent of those on a recent Business Week list of leading philanthropists, 51 percent of the Pulitzer Prize winners for nonfiction.
In his book, “The Golden Age of Jewish Achievement,” Steven L. Pease lists some of the explanations people have given for this record of achievement. The Jewish faith encourages a belief in progress and personal accountability. It is learning-based, not rite-based.
Most Jews gave up or were forced to give up farming in the Middle Ages; their descendents have been living off of their wits ever since. They have often migrated, with a migrant’s ambition and drive. They have congregated around global crossroads and have benefited from the creative tension endemic in such places.
No single explanation can account for the record of Jewish achievement. The odd thing is that Israel has not traditionally been strongest where the Jews in the Diaspora were strongest. Instead of research and commerce, Israelis were forced to devote their energies to fighting and politics.
Milton Friedman used to joke that Israel disproved every Jewish stereotype. People used to think Jews were good cooks, good economic managers and bad soldiers; Israel proved them wrong.
But that has changed. Benjamin Netanyahu’s economic reforms, the arrival of a million Russian immigrants and the stagnation of the peace process have produced a historic shift. The most resourceful Israelis are going into technology and commerce, not politics. This has had a desultory effect on the nation’s public life, but an invigorating one on its economy.
Tel Aviv has become one of the world’s foremost entrepreneurial hot spots. Israel has more high-tech start-ups per capita than any other nation on earth, by far. It leads the world in civilian research-and-development spending per capita. It ranks second behind the U.S. in the number of companies listed on the Nasdaq. Israel, with seven million people, attracts as much venture capital as France and Germany combined.
As Dan Senor and Saul Singer write in “Start-Up Nation: The Story of Israel’s Economic Miracle,” Israel now has a classic innovation cluster, a place where tech obsessives work in close proximity and feed off each other’s ideas.
Because of the strength of the economy, Israel has weathered the global recession reasonably well. The government did not have to bail out its banks or set off an explosion in short-term spending. Instead, it used the crisis to solidify the economy’s long-term future by investing in research and development and infrastructure, raising some consumption taxes, promising to cut other taxes in the medium to long term. Analysts at Barclays write that Israel is “the strongest recovery story” in Europe, the Middle East and Africa.
Israel’s technological success is the fruition of the Zionist dream. The country was not founded so stray settlers could sit among thousands of angry Palestinians in Hebron. It was founded so Jews would have a safe place to come together and create things for the world.
This shift in the Israeli identity has long-term implications. Netanyahu preaches the optimistic view: that Israel will become the Hong Kong of the Middle East, with economic benefits spilling over into the Arab world. And, in fact, there are strands of evidence to support that view in places like the West Bank and Jordan.
But it’s more likely that Israel’s economic leap forward will widen the gap between it and its neighbors. All the countries in the region talk about encouraging innovation. Some oil-rich states spend billions trying to build science centers. But places like Silicon Valley and Tel Aviv are created by a confluence of cultural forces, not money. The surrounding nations do not have the tradition of free intellectual exchange and technical creativity.
For example, between 1980 and 2000, Egyptians registered 77 patents in the U.S. Saudis registered 171. Israelis registered 7,652.
The tech boom also creates a new vulnerability. As Jeffrey Goldberg of The Atlantic has argued, these innovators are the most mobile people on earth. To destroy Israel’s economy, Iran doesn’t actually have to lob a nuclear weapon into the country. It just has to foment enough instability so the entrepreneurs decide they had better move to Palo Alto, where many of them already have contacts and homes. American Jews used to keep a foothold in Israel in case things got bad here. Now Israelis keep a foothold in the U.S.
During a decade of grim foreboding, Israel has become an astonishing success story, but also a highly mobile one.
The Tel Aviv Cluster
By DAVID BROOKS
Jews are a famously accomplished group. They make up 0.2 percent of the world population, but 54 percent of the world chess champions, 27 percent of the Nobel physics laureates and 31 percent of the medicine laureates.
Jews make up 2 percent of the U.S. population, but 21 percent of the Ivy League student bodies, 26 percent of the Kennedy Center honorees, 37 percent of the Academy Award-winning directors, 38 percent of those on a recent Business Week list of leading philanthropists, 51 percent of the Pulitzer Prize winners for nonfiction.
In his book, “The Golden Age of Jewish Achievement,” Steven L. Pease lists some of the explanations people have given for this record of achievement. The Jewish faith encourages a belief in progress and personal accountability. It is learning-based, not rite-based.
Most Jews gave up or were forced to give up farming in the Middle Ages; their descendents have been living off of their wits ever since. They have often migrated, with a migrant’s ambition and drive. They have congregated around global crossroads and have benefited from the creative tension endemic in such places.
No single explanation can account for the record of Jewish achievement. The odd thing is that Israel has not traditionally been strongest where the Jews in the Diaspora were strongest. Instead of research and commerce, Israelis were forced to devote their energies to fighting and politics.
Milton Friedman used to joke that Israel disproved every Jewish stereotype. People used to think Jews were good cooks, good economic managers and bad soldiers; Israel proved them wrong.
But that has changed. Benjamin Netanyahu’s economic reforms, the arrival of a million Russian immigrants and the stagnation of the peace process have produced a historic shift. The most resourceful Israelis are going into technology and commerce, not politics. This has had a desultory effect on the nation’s public life, but an invigorating one on its economy.
Tel Aviv has become one of the world’s foremost entrepreneurial hot spots. Israel has more high-tech start-ups per capita than any other nation on earth, by far. It leads the world in civilian research-and-development spending per capita. It ranks second behind the U.S. in the number of companies listed on the Nasdaq. Israel, with seven million people, attracts as much venture capital as France and Germany combined.
As Dan Senor and Saul Singer write in “Start-Up Nation: The Story of Israel’s Economic Miracle,” Israel now has a classic innovation cluster, a place where tech obsessives work in close proximity and feed off each other’s ideas.
Because of the strength of the economy, Israel has weathered the global recession reasonably well. The government did not have to bail out its banks or set off an explosion in short-term spending. Instead, it used the crisis to solidify the economy’s long-term future by investing in research and development and infrastructure, raising some consumption taxes, promising to cut other taxes in the medium to long term. Analysts at Barclays write that Israel is “the strongest recovery story” in Europe, the Middle East and Africa.
Israel’s technological success is the fruition of the Zionist dream. The country was not founded so stray settlers could sit among thousands of angry Palestinians in Hebron. It was founded so Jews would have a safe place to come together and create things for the world.
This shift in the Israeli identity has long-term implications. Netanyahu preaches the optimistic view: that Israel will become the Hong Kong of the Middle East, with economic benefits spilling over into the Arab world. And, in fact, there are strands of evidence to support that view in places like the West Bank and Jordan.
But it’s more likely that Israel’s economic leap forward will widen the gap between it and its neighbors. All the countries in the region talk about encouraging innovation. Some oil-rich states spend billions trying to build science centers. But places like Silicon Valley and Tel Aviv are created by a confluence of cultural forces, not money. The surrounding nations do not have the tradition of free intellectual exchange and technical creativity.
For example, between 1980 and 2000, Egyptians registered 77 patents in the U.S. Saudis registered 171. Israelis registered 7,652.
The tech boom also creates a new vulnerability. As Jeffrey Goldberg of The Atlantic has argued, these innovators are the most mobile people on earth. To destroy Israel’s economy, Iran doesn’t actually have to lob a nuclear weapon into the country. It just has to foment enough instability so the entrepreneurs decide they had better move to Palo Alto, where many of them already have contacts and homes. American Jews used to keep a foothold in Israel in case things got bad here. Now Israelis keep a foothold in the U.S.
During a decade of grim foreboding, Israel has become an astonishing success story, but also a highly mobile one.
What I Read Today - Tuesday January 12, 2010
From: Our Daily Bread
Finishers
READ: 2 Timothy 4:1-8
I have fought the good fight, I have finished the race, I have kept the faith. —2 Timothy 4:7When I was a kid, I dreamed of becoming a black belt in karate. Several years ago, I began training and came close to fulfilling that goal. However, two belts away from my goal, I quit. There were two reasons—my teacher changed styles in the middle of my training, and I got so busy that I could not devote adequate time for training.
Almost every week, I am nagged by the thought that God wants me to be a finisher in all aspects of my life—but especially in my service for Him.
As Paul spoke of the conclusion of his life, he did not have any nagging thoughts of unfinished business about his ministry. In this final farewell (2 Tim. 4:7), Paul used imagery-rich words to talk about finishing his service for Christ. He described his life and ministry in terms of a fight: “I have fought the good fight.” The fight was good because he had engaged in it for God and the gospel. Then he used the imagery of a race as synonymous with his ministry: “I have finished the race, I have kept the faith.” Paul affirmed that by God’s grace he had finished all that God had given him to do.
As followers of Jesus, let us strive to be finishers, persevering in our service for Jesus Christ. — Marvin Williams
For every follower of Christ
There is a race to run;
And when we cross the finish line,
We’ll be with Christ, God’s Son. —Fitzhugh
Run the race with eternity in view.
Finishers
READ: 2 Timothy 4:1-8
I have fought the good fight, I have finished the race, I have kept the faith. —2 Timothy 4:7When I was a kid, I dreamed of becoming a black belt in karate. Several years ago, I began training and came close to fulfilling that goal. However, two belts away from my goal, I quit. There were two reasons—my teacher changed styles in the middle of my training, and I got so busy that I could not devote adequate time for training.
Almost every week, I am nagged by the thought that God wants me to be a finisher in all aspects of my life—but especially in my service for Him.
As Paul spoke of the conclusion of his life, he did not have any nagging thoughts of unfinished business about his ministry. In this final farewell (2 Tim. 4:7), Paul used imagery-rich words to talk about finishing his service for Christ. He described his life and ministry in terms of a fight: “I have fought the good fight.” The fight was good because he had engaged in it for God and the gospel. Then he used the imagery of a race as synonymous with his ministry: “I have finished the race, I have kept the faith.” Paul affirmed that by God’s grace he had finished all that God had given him to do.
As followers of Jesus, let us strive to be finishers, persevering in our service for Jesus Christ. — Marvin Williams
For every follower of Christ
There is a race to run;
And when we cross the finish line,
We’ll be with Christ, God’s Son. —Fitzhugh
Run the race with eternity in view.
Monday, January 11, 2010
What I read today - Monday January 11, 2010
From: The Wall Street Journal Saturday January 9, 2010
Nurse Outduels IRS Over M.B.A. Tuition
How One Woman Went to Tax Court and Won Deduction.ArticleComments (61)more in Education ».
By LAURA SAUNDERS
A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.
The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.
After getting word of the court decision, "I nearly yelled the roof off the house," Ms. Singleton-Clarke says. "I still can hardly believe it."
The IRS's rules on deducting work-related tuition are complicated and onerous, ultimately preventing most students from deducting their tuition. But this case clarifies the rules and will likely lead to more taxpayers taking the deduction, tax experts say.
Few taxpayers decide to go toe to toe with the IRS as Ms. Singleton-Clarke did, arguing her case without a lawyer. For good reason: In 2009, individuals won only about 10% of about 300 such cases, according to data from Tax Analysts. Ms. Singleton-Clarke fought her case in Tax Court, a venue where taxpayers don't have to pay the contested tax before going to trial. The court has a special procedure for small cases.
Some of the losers, such as several dozen tax protesters who defended the filing of frivolous returns, were tilting at tax windmills. Others were simply on the wrong side of the law, including a horse enthusiast who wanted to deduct his hobby losses, an unsuccessful comedian who tried to classify his expenses as business losses, and an attorney who claimed over $100,000 in medical deductions for his visits to prostitutes.
Of the few who did prevail against the IRS, nearly half came to court on a single issue: requests for "innocent spouse" treatment that decouples a spouse from a partner who is a tax cheat. This provision has been used mostly to protect unknowing wives against their husbands' tax misdeeds. One of the spouses granted relief last year was formerly married to an investment banker who didn't pay his taxes after his bonus didn't come though.
Ms. Singleton-Clarke's encounter with the tax system shows what it can take for one individual to prevail over the IRS against the long odds: favorable facts, obsessive organization, and fearlessness. She says she didn't have a lawyer because she couldn't afford one.
Her odyssey began in 2006, when she filed her 2005 return. It showed just over $50,000 of income, several smaller deductions, and one large one—for $14,787 of expenses for an M.B.A. from the University of Phoenix, an online school. Ms. Singleton-Clarke deducted the tuition because her tax preparer told her she met the law's narrow definitions.
When the IRS audited the return in late 2006, she conceded all the IRS's challenges to her deductions but one. She dug in her heels on the tuition deduction because, after looking at a complex diagram in IRS Publication 970, she believed she qualified for it.
The audit process first involved several rounds of confusing IRS correspondence. "At one point I had three requests for the same records, each with a different contact name. I had to spend hours calling to figure out who needed what," says Ms. Singleton-Clarke, a steely but soft-spoken woman.
After that she was summoned to an IRS office in downtown Washington where she had to provide more copies of her résumé, a job description, and other records. She felt overwhelmed and intimidated.
Melissa Golden for The Wall Street Journal Lori Singleton-Clarke, in her battle against the IRS, was lauded for her meticulous record-keeping.
Both the IRS's actions and her reactions are typical, says Christopher Bergin, president of Tax Analysts, a group that fights for tax-system transparency and since l972 has won a series of freedom-of-information cases against the IRS. "Without doing anything illegal, they muscled her. That's what they do. The pressure can be terrifying," he says.
A spokesman for the IRS says that it never comments on issues with specific taxpayers.
As Ms. Singleton-Clarke held fast to her conviction that she deserved the deduction, she drew on skills she developed as a nurse responsible for dealing with doctors who may have infringed hospital rules. That was why she studied for her M.B.A., she says: "I didn't want to feel outmatched by surgeons who didn't want to talk to me."
When the IRS again denied her deduction by mail after her meeting with the agent, Ms. Singleton-Clarke wound up going to Tax Court to set a trial date. But when she came to court in November 2008, it seemed that everyone else had settled their cases: "There was just me by myself at one table and the [IRS] tax team of at another in a big courtroom."
The tax team consisted of a two attorneys and several assistants or paralegals. Ms. Singleton-Clarke had been told to bring copies of her documents in triplicate, including a time line of her career. Judge Stanley Goldberg questioned her closely and complimented her on her record-keeping during the hour-long trial. "The whole time," she says: "I was thinking, here is this god-like man who is going to make an important decision for me. But he wasn't a bully. I had met with the bullies before."
Reached Friday by phone, Judge Goldberg said: "I remember the case well because Ms. Singleton-Clarke was so articulate and well-prepared. Too many taxpayers are not."
Ms. Singleton-Clarke's victory came when the ruling was issued a year later. It is unusual in that it helps not only her but others as well. Decisions in small cases aren't allowed to be cited as precedent. "But everyone uses them," says Melissa Labant, a tax expert with the American Institute of CPAs. "This case definitely provides a road map others can use, especially M.B.A. students."
Write to Laura Saunders at laura.saunders@wsj.com
Nurse Outduels IRS Over M.B.A. Tuition
How One Woman Went to Tax Court and Won Deduction.ArticleComments (61)more in Education ».
By LAURA SAUNDERS
A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.
The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.
After getting word of the court decision, "I nearly yelled the roof off the house," Ms. Singleton-Clarke says. "I still can hardly believe it."
The IRS's rules on deducting work-related tuition are complicated and onerous, ultimately preventing most students from deducting their tuition. But this case clarifies the rules and will likely lead to more taxpayers taking the deduction, tax experts say.
Few taxpayers decide to go toe to toe with the IRS as Ms. Singleton-Clarke did, arguing her case without a lawyer. For good reason: In 2009, individuals won only about 10% of about 300 such cases, according to data from Tax Analysts. Ms. Singleton-Clarke fought her case in Tax Court, a venue where taxpayers don't have to pay the contested tax before going to trial. The court has a special procedure for small cases.
Some of the losers, such as several dozen tax protesters who defended the filing of frivolous returns, were tilting at tax windmills. Others were simply on the wrong side of the law, including a horse enthusiast who wanted to deduct his hobby losses, an unsuccessful comedian who tried to classify his expenses as business losses, and an attorney who claimed over $100,000 in medical deductions for his visits to prostitutes.
Of the few who did prevail against the IRS, nearly half came to court on a single issue: requests for "innocent spouse" treatment that decouples a spouse from a partner who is a tax cheat. This provision has been used mostly to protect unknowing wives against their husbands' tax misdeeds. One of the spouses granted relief last year was formerly married to an investment banker who didn't pay his taxes after his bonus didn't come though.
Ms. Singleton-Clarke's encounter with the tax system shows what it can take for one individual to prevail over the IRS against the long odds: favorable facts, obsessive organization, and fearlessness. She says she didn't have a lawyer because she couldn't afford one.
Her odyssey began in 2006, when she filed her 2005 return. It showed just over $50,000 of income, several smaller deductions, and one large one—for $14,787 of expenses for an M.B.A. from the University of Phoenix, an online school. Ms. Singleton-Clarke deducted the tuition because her tax preparer told her she met the law's narrow definitions.
When the IRS audited the return in late 2006, she conceded all the IRS's challenges to her deductions but one. She dug in her heels on the tuition deduction because, after looking at a complex diagram in IRS Publication 970, she believed she qualified for it.
The audit process first involved several rounds of confusing IRS correspondence. "At one point I had three requests for the same records, each with a different contact name. I had to spend hours calling to figure out who needed what," says Ms. Singleton-Clarke, a steely but soft-spoken woman.
After that she was summoned to an IRS office in downtown Washington where she had to provide more copies of her résumé, a job description, and other records. She felt overwhelmed and intimidated.
Melissa Golden for The Wall Street Journal Lori Singleton-Clarke, in her battle against the IRS, was lauded for her meticulous record-keeping.
Both the IRS's actions and her reactions are typical, says Christopher Bergin, president of Tax Analysts, a group that fights for tax-system transparency and since l972 has won a series of freedom-of-information cases against the IRS. "Without doing anything illegal, they muscled her. That's what they do. The pressure can be terrifying," he says.
A spokesman for the IRS says that it never comments on issues with specific taxpayers.
As Ms. Singleton-Clarke held fast to her conviction that she deserved the deduction, she drew on skills she developed as a nurse responsible for dealing with doctors who may have infringed hospital rules. That was why she studied for her M.B.A., she says: "I didn't want to feel outmatched by surgeons who didn't want to talk to me."
When the IRS again denied her deduction by mail after her meeting with the agent, Ms. Singleton-Clarke wound up going to Tax Court to set a trial date. But when she came to court in November 2008, it seemed that everyone else had settled their cases: "There was just me by myself at one table and the [IRS] tax team of at another in a big courtroom."
The tax team consisted of a two attorneys and several assistants or paralegals. Ms. Singleton-Clarke had been told to bring copies of her documents in triplicate, including a time line of her career. Judge Stanley Goldberg questioned her closely and complimented her on her record-keeping during the hour-long trial. "The whole time," she says: "I was thinking, here is this god-like man who is going to make an important decision for me. But he wasn't a bully. I had met with the bullies before."
Reached Friday by phone, Judge Goldberg said: "I remember the case well because Ms. Singleton-Clarke was so articulate and well-prepared. Too many taxpayers are not."
Ms. Singleton-Clarke's victory came when the ruling was issued a year later. It is unusual in that it helps not only her but others as well. Decisions in small cases aren't allowed to be cited as precedent. "But everyone uses them," says Melissa Labant, a tax expert with the American Institute of CPAs. "This case definitely provides a road map others can use, especially M.B.A. students."
Write to Laura Saunders at laura.saunders@wsj.com
What I Read Today - Monday January 11, 2010
From: Our Daily Bread
Following Our Example
READ: 1 Timothy 4:12-16
Let no one despise your youth, but be an example to the believers. —1 Timothy 4:12Alyssa, who is 6 and just learning to read, often saw her parents and grandparents reading their Bibles in the morning. Early one day, she woke up before everyone else. Grandma found her sitting on the couch, with her Bible and a devotional booklet on her lap. She wanted to follow the example of spending time with God at the beginning of the day.
Timothy, a young pastor, faced heavy responsibilities in the church at Ephesus—training believers, leading in worship, countering false doctrine. The older, experienced apostle Paul gave him instruction on leading the church in these areas, but he also mentioned the importance of personal conduct. He said, “Be an example to the believers in word, in conduct, in love, in spirit, in faith, in purity” (1 Tim. 4:12).
Paul challenged Timothy: “Take heed to yourself and to the doctrine” (v.16). If he paid attention to his own spiritual life and to solid doctrine, he would be a godly example to the church family.
We all have others who are observing us. Even little Alyssa has younger siblings watching her. Let’s live our lives in such a way that those who follow our example will help others in their walk with God. — Anne Cetas
Lord, help me live a godly life
Of faith and love and purity
So those who follow what I do
Will grow in their maturity. —Sper
A good example has more value than good advice.
Following Our Example
READ: 1 Timothy 4:12-16
Let no one despise your youth, but be an example to the believers. —1 Timothy 4:12Alyssa, who is 6 and just learning to read, often saw her parents and grandparents reading their Bibles in the morning. Early one day, she woke up before everyone else. Grandma found her sitting on the couch, with her Bible and a devotional booklet on her lap. She wanted to follow the example of spending time with God at the beginning of the day.
Timothy, a young pastor, faced heavy responsibilities in the church at Ephesus—training believers, leading in worship, countering false doctrine. The older, experienced apostle Paul gave him instruction on leading the church in these areas, but he also mentioned the importance of personal conduct. He said, “Be an example to the believers in word, in conduct, in love, in spirit, in faith, in purity” (1 Tim. 4:12).
Paul challenged Timothy: “Take heed to yourself and to the doctrine” (v.16). If he paid attention to his own spiritual life and to solid doctrine, he would be a godly example to the church family.
We all have others who are observing us. Even little Alyssa has younger siblings watching her. Let’s live our lives in such a way that those who follow our example will help others in their walk with God. — Anne Cetas
Lord, help me live a godly life
Of faith and love and purity
So those who follow what I do
Will grow in their maturity. —Sper
A good example has more value than good advice.
What I Read Today - Monday January 11, 2010
From: The New York Times
January 10, 2010
Who’s Sleeping Now?
By THOMAS L. FRIEDMAN
Op-Ed Columnist
Hong Kong
C. H. Tung, the first Chinese-appointed chief executive of Hong Kong after the handover in 1997, offered me a three-sentence summary the other day of China’s modern economic history: “China was asleep during the Industrial Revolution. She was just waking during the Information Technology Revolution. She intends to participate fully in the Green Revolution.”
I’ll say. Being in China right now I am more convinced than ever that when historians look back at the end of the first decade of the 21st century, they will say that the most important thing to happen was not the Great Recession, but China’s Green Leap Forward. The Beijing leadership clearly understands that the E.T. — Energy Technology — revolution is both a necessity and an opportunity, and they do not intend to miss it.
We, by contrast, intend to fix Afghanistan. Have a nice day.
O.K., that was a cheap shot. But here’s one that isn’t: Andy Grove, co-founder of Intel, liked to say that companies come to “strategic inflection points,” where the fundamentals of a business change and they either make the hard decision to invest in a down cycle and take a more promising trajectory or do nothing and wither. The same is true for countries.
The U.S. is at just such a strategic inflection point. We are either going to put in place a price on carbon and the right regulatory incentives to ensure that America is China’s main competitor/partner in the E.T. revolution, or we are going to gradually cede this industry to Beijing and the good jobs and energy security that would go with it.
Is President Obama going to finish health care and then put aside the pending energy legislation — and carbon pricing — that Congress has already passed in order to get through the midterms without Republicans screaming “new taxes?” Or is he going to seize this moment before the midterms — possibly his last window to put together a majority in the Senate, including some Republicans, for a price on carbon — and put in place a real U.S. engine for clean energy innovation and energy security?
I’ve been stunned to learn about the sheer volume of wind, solar, mass transit, nuclear and more efficient coal-burning projects that have sprouted in China in just the last year.
Here’s e-mail from Bill Gross, who runs eSolar, a promising California solar-thermal start-up: On Saturday, in Beijing, said Gross, he announced “the biggest solar-thermal deal ever. It’s a 2 gigawatt, $5 billion deal to build plants in China using our California-based technology. China is being even more aggressive than the U.S. We applied for a [U.S. Department of Energy] loan for a 92 megawatt project in New Mexico, and in less time than it took them to do stage 1 of the application review, China signs, approves, and is ready to begin construction this year on a 20 times bigger project!”
Yes, climate change is a concern for Beijing, but more immediately China’s leaders know that their country is in the midst of the biggest migration of people from the countryside to urban centers in the history of mankind. This is creating a surge in energy demand, which China is determined to meet with cleaner, homegrown sources so that its future economy will be less vulnerable to supply shocks and so it doesn’t pollute itself to death.
In the last year alone, so many new solar panel makers emerged in China that the price of solar power has fallen from roughly 59 cents a kilowatt hour to 16 cents, according to The Times’s bureau chief here, Keith Bradsher. Meanwhile, China last week tested the fastest bullet train in the world — 217 miles per hour — from Wuhan to Guangzhou. As Bradsher noted, China “has nearly finished the construction of a high-speed rail route from Beijing to Shanghai at a cost of $23.5 billion. Trains will cover the 700-mile route in just five hours, compared with 12 hours today. By comparison, Amtrak trains require at least 18 hours to travel a similar distance from New York to Chicago.”
China is also engaged in the world’s most rapid expansion of nuclear power. It is expected to build some 50 new nuclear reactors by 2020; the rest of the world combined might build 15.
“By the end of this decade, China will be dominating global production of the whole range of power equipment,” said Andrew Brandler, the C.E.O. of the CLP Group, Hong Kong’s largest power utility.
In the process, China is going to make clean power technologies cheaper for itself and everyone else. But even Chinese experts will tell you that it will all happen faster and more effectively if China and America work together — with the U.S. specializing in energy research and innovation, at which China is still weak, as well as in venture investing and servicing of new clean technologies, and with China specializing in mass production.
This is a strategic inflection point. It is clear that if we, America, care about our energy security, economic strength and environmental quality we need to put in place a long-term carbon price that stimulates and rewards clean power innovation. We can’t afford to be asleep with an invigorated China wide awake.
January 10, 2010
Who’s Sleeping Now?
By THOMAS L. FRIEDMAN
Op-Ed Columnist
Hong Kong
C. H. Tung, the first Chinese-appointed chief executive of Hong Kong after the handover in 1997, offered me a three-sentence summary the other day of China’s modern economic history: “China was asleep during the Industrial Revolution. She was just waking during the Information Technology Revolution. She intends to participate fully in the Green Revolution.”
I’ll say. Being in China right now I am more convinced than ever that when historians look back at the end of the first decade of the 21st century, they will say that the most important thing to happen was not the Great Recession, but China’s Green Leap Forward. The Beijing leadership clearly understands that the E.T. — Energy Technology — revolution is both a necessity and an opportunity, and they do not intend to miss it.
We, by contrast, intend to fix Afghanistan. Have a nice day.
O.K., that was a cheap shot. But here’s one that isn’t: Andy Grove, co-founder of Intel, liked to say that companies come to “strategic inflection points,” where the fundamentals of a business change and they either make the hard decision to invest in a down cycle and take a more promising trajectory or do nothing and wither. The same is true for countries.
The U.S. is at just such a strategic inflection point. We are either going to put in place a price on carbon and the right regulatory incentives to ensure that America is China’s main competitor/partner in the E.T. revolution, or we are going to gradually cede this industry to Beijing and the good jobs and energy security that would go with it.
Is President Obama going to finish health care and then put aside the pending energy legislation — and carbon pricing — that Congress has already passed in order to get through the midterms without Republicans screaming “new taxes?” Or is he going to seize this moment before the midterms — possibly his last window to put together a majority in the Senate, including some Republicans, for a price on carbon — and put in place a real U.S. engine for clean energy innovation and energy security?
I’ve been stunned to learn about the sheer volume of wind, solar, mass transit, nuclear and more efficient coal-burning projects that have sprouted in China in just the last year.
Here’s e-mail from Bill Gross, who runs eSolar, a promising California solar-thermal start-up: On Saturday, in Beijing, said Gross, he announced “the biggest solar-thermal deal ever. It’s a 2 gigawatt, $5 billion deal to build plants in China using our California-based technology. China is being even more aggressive than the U.S. We applied for a [U.S. Department of Energy] loan for a 92 megawatt project in New Mexico, and in less time than it took them to do stage 1 of the application review, China signs, approves, and is ready to begin construction this year on a 20 times bigger project!”
Yes, climate change is a concern for Beijing, but more immediately China’s leaders know that their country is in the midst of the biggest migration of people from the countryside to urban centers in the history of mankind. This is creating a surge in energy demand, which China is determined to meet with cleaner, homegrown sources so that its future economy will be less vulnerable to supply shocks and so it doesn’t pollute itself to death.
In the last year alone, so many new solar panel makers emerged in China that the price of solar power has fallen from roughly 59 cents a kilowatt hour to 16 cents, according to The Times’s bureau chief here, Keith Bradsher. Meanwhile, China last week tested the fastest bullet train in the world — 217 miles per hour — from Wuhan to Guangzhou. As Bradsher noted, China “has nearly finished the construction of a high-speed rail route from Beijing to Shanghai at a cost of $23.5 billion. Trains will cover the 700-mile route in just five hours, compared with 12 hours today. By comparison, Amtrak trains require at least 18 hours to travel a similar distance from New York to Chicago.”
China is also engaged in the world’s most rapid expansion of nuclear power. It is expected to build some 50 new nuclear reactors by 2020; the rest of the world combined might build 15.
“By the end of this decade, China will be dominating global production of the whole range of power equipment,” said Andrew Brandler, the C.E.O. of the CLP Group, Hong Kong’s largest power utility.
In the process, China is going to make clean power technologies cheaper for itself and everyone else. But even Chinese experts will tell you that it will all happen faster and more effectively if China and America work together — with the U.S. specializing in energy research and innovation, at which China is still weak, as well as in venture investing and servicing of new clean technologies, and with China specializing in mass production.
This is a strategic inflection point. It is clear that if we, America, care about our energy security, economic strength and environmental quality we need to put in place a long-term carbon price that stimulates and rewards clean power innovation. We can’t afford to be asleep with an invigorated China wide awake.
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