Business

Aging and impatience: understanding needed

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I think I’m finding out … why older people are more impatient. I’m pretty sure this is something we all recognize. Just take a look at grocery stores, oil change places, pharmacies, etc. I think we’ve all witnessed events where an older person is a bit (?) Impatient or brusque with a salesperson or another customer. I’ve always half smiled, shook my head and felt sorry for whoever was dealing with it. I think it’s just accepted that older people are going to be like this one day and I assume it just happens as part of aging.

Well now that I’m starting to get a little more impatient, I feel a little different about it. I like to believe that I was more tolerant of this behavior when I encountered it, but now I think I am a little more understanding as well. When you’re younger, you have all the time in the world … to go to school, hang out with friends, and maybe get a job. You get a little older, head to college to have more fun (and prepare for a career), or join the workforce and learn to combine your work life with the rest of your life. Some time after that, you may have your own family or different social groups, other families, etc., keeping you busy. We are all still quite tolerant here, we just get along taking care of whatever we need to take care of. For the next 20 to 30 years, we work hard in everything we do, managing work, family, personal life, finances, and health issues. We do the best we can and we just know that eventually all of our hard work will pay off and we will be happy, retire and enjoy the rest of our lives.

Fast forward to that moment when you realize that retirement, whether desired or forced, is almost upon you. Now I know that there is a lucky group of people rich enough to not even notice a change in lifestyle and go on as usual. They can retire whenever they want, without worrying about the economic or health impacts caused by lack of money. That’s great. They can enjoy their days, go out for lunch, play golf, and enjoy activities with friends. Now they too can get in a bad mood, because they all have things to deal with, but not in the same way. The other group, however, the ones who DO have financial worries, are not so much fun. I can say that most of the people I grew up with are not millionaires and many of us lost a lot of money (if we had any) in the past to the problems of the economy. We hold our breath every day to try to survive and weigh how many years we need money versus how many years of money we think we have. I’m not even talking here about those of us who are forced to retire due to work or health problems. That only adds additional years of financial worries. Also, health insurance is not available to us or is prohibitively expensive; many older people get by without it, essentially trading critical medical care and medications for food or shelter. These health problems, in addition to the problems of aging itself, make life more difficult every day, sometimes to the extent that it is disabling. Living every day in pain and worry, unable to do the things you need to do, takes a toll on you … and your mood. No matter how optimistic you are, it will affect you. It is unthinkable that older people have no one they can trust to help them emotionally or physically. Unfortunately, many older people live with this reality; your adult children are busy with their own lives and just don’t make the time or effort to help. Our government programs are simply shameful and inadequate, forcing people to make decisions that no one should have to make and to live lives based on fear and powerlessness.

I know this article took a dark turn here, but it doesn’t even come close to the reality that many of our older generations experience on a daily basis. Most of us don’t think twice about other people’s problems until we experience them ourselves. Of course, we should be more tolerant of everyone and try to consider other people’s circumstances that we don’t know anything about, but maybe this helps when you come across someone arguing with the pharmacist about the cost of their medicine or worrying about that. one hundred coupon. Take a moment and try to understand why. It’s also not fun for them and we don’t need to do anything to make their day (or life) worse. Being patient and kind is the least we can do.

Auto

Campers, Trailers, and RVs – Know the Difference Before You Visit RV Dealers

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Have you recently made the decision to buy a mobile home? These are a great way to add another layer of mobility to your life. But, before visiting RV dealerships, you should know more about the types of mobile homes available today. The most popular options are the RV, pop-up, trailer, and camper. All of these options have their strengths. Find out which one is best for you.

The recreational vehicle

Recreational vehicles, also known as motor homes, are often the largest of the options available at RV dealerships and feature the most amenities. Depending on the make and model you choose, RVs can be as short as a truck or as long as 45 feet. This means that they are also difficult to handle; some states require special licenses to operate mobile homes. Unlike the other options on this list, they are completely self-contained.

When it comes to add-ons, RVs have the most versatility. Most motorhomes come with a bed, a bathroom, a cooking area, and a small living room. Larger upgraded models may also come with additional beds or bedrooms, a full kitchen, a living room with a sofa and armchairs, and bathrooms with tubs and showers. Features like extended cabinets, flat-screen TVs, kitchen islands, and hot tubs can also be added.

If you are looking for all the comforts of home while traveling, the recreational motorhome may be the best option for you.

The pop-up camper

A pop-up window is a specialized mobile home that can be folded into a small space and unfolded when parked as part of the pop-up setup. It is much smaller and more maneuverable than a motorhome without sacrificing a lot of space or comforts. Modern pop-up windows consist of a frame, box, hard top, removable bunks, and soft walls, which are made of vinyl or canvas.

Although the displayed pop-ups share the size of motorhomes, they do not have some of the same amenities. The new high-wall models come with space for cabinets and beds, but there are very few models that come with showers. Special accessories can be purchased to provide baths. However, what it lacks in amenities it makes up for in maneuverability and price. Pop-ups are much less expensive than their larger counterparts and can be towed behind a truck or SUV.

The travel trailer

A travel trailer, also called a caravan or teardrop, is a small, sturdy living space that can be attached to a vehicle. Like motorhomes and RVs, travel trailers can have many of the comforts of home: a bed, a kitchen, a living room, and a bathroom. Travel trailers tend to be smaller, much smaller than motorhomes. They are typically less than 18 feet long and can weigh less than 700 pounds. Smaller teardrop or ultralight models can even be carried behind cars or motorcycles.

The Camper Camper

The Truck Trailer is the smallest mobile home you’ll find on the RV dealer lot. They are made to fit in a truck bed. Ultra-small and ultra-light, they are built to meet the needs: sleeping space, stove or hot plate, sink and sometimes a bathroom, they are stacked on top of each other to fit the maximum in the space. Truck campers allow their inhabitants to go anywhere a normal car could go. They are popular with people on long-term job sites.

When you visit a RV dealership, your sales associate can help you determine which of these mobile homes best suits your needs, style, and budget.

Relationship

Jim Stovall’s Christmas Snow

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The story of how an icy blizzard melts an icy heart

A successful restaurateur, an elderly man and a troubled 10-year-old make up the unlikely trio featured in Jim Stovall’s novel “A Christmas Snow.”

As a result, her father abandoned her on Christmas Eve almost 30 years earlier, Kathleen Mitchell no longer observes any of the traditional Christmas celebrations. Sam Mitchell had an important request on his Christmas list: to see his daughter. Ten-year-old Lucy Wright’s mother had passed away and now Lucy is insecure and desperately trying to hold on to her father’s attentions. Struggling with these unresolved emotional issues, Kathleen, Lucy, and Sam come together in a set of unusual and unexpected circumstances.

A blizzard hit the Tulsa area three days before Christmas. The city was left without electricity. Kathleen and her two unexpected guests were devastated, without power, a cell phone with a dead battery, and the garage door frozen shut.

In a surprising chain of events, the strange trio “weathered the storm.” A bonding relationship develops that takes them through an amazing healing process. Jim Stovall weaves together the gifts of faith, friendship, family, and forgiveness throughout history.

Stovall’s writing is sensitive and compelling, full of elements of conflict, surprise, and strong character development.

“A Christmas Snow” promises the reader hope with inspiration and motivation to solve long-standing unresolved relationship problems. A strong message of faith, hope and forgiveness brilliantly written.

Destiny Image Publishers, Inc., 978-0768435191,

As reviewed for Midwest Book Review.

Gaming

Killzone Mercenary: beta impressions

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Everyone has a game or series that they just don’t “get,” making it difficult for them to decipher what the fuss is about. For me, one of those franchises is the PlayStation-exclusive first-person shooter game Killzone, and it seems like I’m not alone on that point of view. I have always admired his universe, full of striking similarities to WWII and the powerful depiction of a corrupt and evil dictatorship dominating a civilization entirely populated by antagonists of the series, the terrifying Helghast adorned in his recognizable orange-eyed uniforms. Instantly. Regardless of my passion for the world, the developers Guerrilla Games had built a heavy gameplay and somewhat rigid shooting mechanic that didn’t keep me engaged in anything other than passing encounters with the series.

With that in mind, it’s unusual that, like many PlayStation Vita owners, I find myself eagerly awaiting the latest installment in the Killzone: Mercenary series. For the first time ever, players will be able to enjoy a full Killzone first-person shooter experience on the go with a fully competitive online mode. Killzone isn’t the first FPS to hit Vita, Sony’s proprietary Resistance series and Activision’s colossal Call of Duty were previously released on hardware in 2012 to a tepid response from fans and critics alike; both developed by the same company: Nihilistic Software. Owners of the powerful notebook are hoping it will be Guerrilla Cambridge’s first attempt at Killzone that will prove to be Vita’s FPS savior and counter the trend of the laptop disappointment genre. Sony seems to be confident in the game, as PlayStation Plus subscribers were able to enjoy an open beta of the online multiplayer earlier last week that I spent some time with.

Let me start with my impressions by saying how amazed I am that the 4v4 rounds run incredibly smooth with little to no lag issues, throughout my time playing, I have never seen a player disconnect once in the game. play. The highest praise I can impart to Killzone Mercenary is how perfectly it emulates the gameplay of Killzone 3; the engine has been so sublimely tuned to the Vita that it reproduces the previous PS3 installation to such an extent that it is like playing a console quality game in the palm of your hand. Even with my doubts about the playability of the previous innings, I really enjoyed every round I played. Without a doubt, if the beta is any indication that Killzone could easily be the FPS that Vita has been waiting for.

Killzone Mercenary bears a stronger visual and gameplay resemblance to its predecessors than it does to the upcoming PS4 launch title, Killzone: Shadowfall. The locations players can access in the beta are awash in the traditional brown and gray palette of the war-torn series. The controls are much tighter than expected considering the jump to a handheld; there is a slight adjustment period, but players need to acclimatize fairly quickly, after which both aiming and movement feel responsive and precise. Mercenary controls undoubtedly and surprisingly better than any previous portable FPS thanks to the Vita’s twin joysticks and happily feels as comfortable as gaming on a home console like the PS3. Touchscreen functionality is present, but fortunately not intrusive – most touch inputs are also assigned at the press of a button, allowing gamers to choose which one they prefer. Only intuitive knife kill inputs require swiping the touch screen, losing these touch QTEs allows enemies to counter or escape attack, adding an additional level of skill to procedures, if this will simply become a nuisance, without However, it remains to be seen.

As stated above, all beta activity is restricted to a map called Shoreline which draws heavily on locations from Killzone’s past, it has yet to be announced how many maps will appear in the full commercial release. Shoreline is well built with a combination of underground tunnels, open-plan arenas, and strategic high ground for sniping, perfect for 4v4 matches where the multiplayer spins. Once released, the game will feature three competitive online modes: Mercenary Warfare, Guerrilla Warfare, and Warzone – Deathmatch, Team Deathmatch, and Objectives respectively. For beta purposes, players are restricted to Warzone only. Within Warzone, the two rival factions, ISA and Helghast, face each other trying to meet alternate objectives before their rivals to score points.

Warzone matches consist of five rounds with four different types of alternate objectives. The round begins with the first of the five objectives called the reward. In the reward, players must face each other like in a traditional deathmatch, although unlike a traditional Deathmach, players must also collect the reward card that the rivals drop after their defeat, which means that the snipers They won’t do much good unless you can swoop in for the reward. . In addition to collecting the reward card from defeated enemies, if teammates are quick enough, they jump to the rescue and save a deceased ally’s card before opposing forces claim death. The objective is fast and engaging, setting up the rest of the match, and perfectly guiding players to work as a team to ensure successful card collection.

Next on the playlist is the hacker, this type of target is listed twice in both the second and fourth rounds. In this mode, the VAN-guard capsules are placed on the map, inside these capsules there are special temporary power-ups, players who hack them are randomly assigned a boon, which includes, but is not limited to, air-to-ground missiles, a stealth personal. generator and a bow launcher that knocks nearby enemies into submission. Claiming the loot inside these capsules requires a fair amount of teamwork, as hacking one requires the pirate to participate in a matching symbol minigame, while doing so makes them vulnerable to fire and dependent on allies for cover. The minigame is simple enough to put an intuitive twist on the usual opening animation and timer without becoming a hassle; In addition, it rewards expert players who will be able to claim the prizes more easily.

A hit in the middle in the third round is an interrogation. The goal of the interrogation is to sneak up on rivals and dispatch them using Mercenary’s violent knife attacks. These attacks use the touchscreen QTE mentioned above, which makes killing a group of enemies in rapid succession impossible, instead they must be isolated; picked up one at a time. The round is an exciting fun of the wonderful gun game that forces the fighters to change tactics to defeat the enemies. This is the lowest scoring round in the challenge stack, as in many games I played, the fighters continued to just shoot each other rather than trying to interrogate with knife kills, which made scoring points difficult.

After a fourth round consisting of another hackers attempt, players are given a more traditional closing round: the body count. With the body count, teams engage each other within normal team deathmatch rules, points are awarded to each side each time a rival combatant is killed by an ally. The mode doesn’t require much more description than that and is a delightful way to close out the chaos. Since most players seem to play this way 90% of the time, this is where points are recovered and losing teams can make miraculous comebacks. Overall, the Warzone mode is a good laugh and a strong indicator of the strength of the Killzones gameplay. The final round kill count just gets me excited about playing a standard team deathmatch.

Like most online shooter titles, each “positive” action rewards experienced players, actions such as: assassinations, headshots, collecting ammo and completing objectives, etc. Killzone experience also works as credits, the in-game currency used to purchase new weapons, armor, and items that help tailor your character to your preferred play style. When the game launches actions from a single player, it will also allow for the collection of credits by adding a cross-mode value to the coin, giving the player the option of how to win. Online, the Credit Approach is a friendly system that allows players to advance on the paths they want instead of a default system that locks players out of upgrades based on their level. Speaking of what.

Although players are assigned ranks and levels in a traditional sense, Killzone also features an additional skill indicator. Do you remember the reward cards you must collect in the first round of Warzone? Well, these are designed to represent the skill level of the players combined with their style of play. Each card is represented by a card from a traditional deck, players get a rank from 2 to Ace based on the amount of money they won the day before, the more credits they have won, the higher the representation. The costume is awarded based on the weapons with which players had the most kills the day before. Collecting the cards awards players prizes and gives them an incentive to kill as many types of players to collect their cards as possible. Also, the card is a better indicator of the current skill than a level.

In the end, the small portion that is offered in the Killzone Mercenary beta exudes hope for the title, the fact that Sony allowed the game to go into open beta a few weeks before launch should be a strong indicator that they are feeling confident. ; with good reason. What is available to play is a fascinating, well-polished, well-controlled multiplayer experience, packed with a good variety of exciting game modes. The unique reward card system feels right at home in a portable system where players may not have the opportunity to play every day. I wasn’t a fan of Killzone going to Mercenary, but his fun and skillful game got me through now that I’m eagerly awaiting the release. Open Beta is now available to all Vita owners who want to give it a try. Check back soon for a full review.

Health Fitness

Do you feel bloated after eating that bagel? Read this!

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Are you one of the millions of people who love bagels for breakfast or bread for dinner? Let’s face it, bread is one of the staples in the food chain that has kept consumers hungry for centuries.

So why is there so much talk about the adverse effects of gluten consumption? Bread is supposed to be good for you, right? This may be true for most people, but not for others who experience symptoms such as bloating and diarrhea. Some of my patients even complain of fatigue, weight loss, and perhaps muscle and joint pain. When I dig deeper into your eating habits to determine the cause of your problem, nine times out of ten I find that your symptoms are related to gluten sensitivity.

What is gluten sensitivity and how do you know if you have it? If you are asking yourself this question, you are not alone. Let me explain.

“Gluten” is a family of proteins found in wheat along with oats, rye, and barley. Gluten sensitivity is caused by an immune reaction to gluten. A simple blood test can determine if you have specific antibodies against gluten. An inherited form of gluten sensitivity is called celiac disease and it can affect 1 in 133 people. Celiac disease is often diagnosed by a small bowel biopsy that can reveal physical damage. Other forms of gluten allergy or sensitivity can develop as people age.

What happens if you keep eating gluten?

Some of the symptoms of gluten sensitivity are felt in the digestive tract. Others are more generalized. The body releases chemicals during many immune responses that can cause the vague symptoms of joint pain, fatigue, and muscle pain.

If the gluten-sensitive person continues to eat gluten-containing foods, the body will continue to produce antibodies against gluten. This immune reaction causes physical damage to the lining of the small intestine and makes it difficult for the body to absorb nutrients. This causes diarrhea and weight loss. Left unchecked, the damage can become life-threatening. Fortunately, the small intestine has the ability to regenerate healthy cells and will recover over time if gluten is removed from the diet.

What if you are sensitive to gluten?

Here are some things you can do if you suspect that you may have some of the symptoms described above:

• Consult with your doctor and request a blood test to determine if you are sensitive to gluten.

• Look for foods made with oats, quinoa, rice, corn, millet, and amaranth.

• Prepared foods, such as frozen mac and cheese, will include the gluten content on the package.

• The website for local gluten-free recipes, products, and support groups are available online.

• Ask your market to offer tours that highlight gluten-free items on the shelves.

• Ask your local market to expand gluten-free options.

• Restaurants and cruises often have gluten-free options for pizzas, pastas, and breads.

• With gluten sensitivity becoming more prevalent, it is possible that if you ask for gluten-free food when dining out, other members of your group will ask for it too.

• If temptation is a problem, have the cracker and bread baskets removed after the other guests have served themselves.

Keep your digestive tract healthy!

Once you eliminate gluten and your digestive tract is healing, there are ways to keep it working well. Eat a variety of healthy fruits and vegetables. In the evening, drink a glass of water with a tablespoon of psyllium husk mixed in. This adds fiber and helps remove unwanted material from the body. Yogurt can help restore the balance of your gut bacteria, which is important for digesting food.

The damage caused by gluten sensitivity can interfere with the body’s ability to process food. Your digestive system may need help to regain health. Here are some natural ways to help with healing.

• Take a multivitamin, because a damaged gut absorbs fewer nutrients from food.

• L-glutamine is helpful in healing the lining of the small intestine

• A probiotic supplement can help restore good bacteria in the gut.

• Digestive enzymes can help your system digest food while restoring the natural enzyme balance.

• Fiber, like psyllium and flax, can help the intestines work efficiently.

If you’ve had a gluten sensitivity for months or years, be patient. Give your body time to heal once you eliminate gluten from your diet. Avoid the bakery counter and eat healthy gluten-free foods instead. A gluten-free meal plan can lead you to a delicious diet that is better for your overall health!

Mark Rosenberg, MD

Institute for healthy aging

Legal Law

Baguio City – Why is it the education capital of the North?

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It is well known around the world that Baguio City in the Philippines has a host of tourist attractions for its visitors and a unique culture to boot. It is a great place to live that even most of the people who reside in the city are no longer local.

Some people migrate to Baguio due to its cool climate and beautiful surroundings. Students from all over the country travel to Baguio to study. The city offers many opportunities for students, not only because of the climate but because of the many universities that are located in it. This may be the reason why Baguio is also known as the Educational Capital of the North in the Philippines.

There are many universities in the city that offer different degrees. One of the best known universities is Saint Louis University. This university was established in 1911 and since then it has always been known for offering quality education and high standards. Students from all over northern Luzon often attend this university due to the good reputation it has established. Its nursing faculty has been awarded the title of center of excellence for several years.

The University of the Philippines Baguio is also known for its high standards. This university has definitely raised the UP name and has excelled in Cordillera studies ever since. Students from all over the Philippines can be found at UP Baguio. The University of the Cordilleras, formerly known as the Baguio College Foundation, is also one of the best universities found in Baguio. It offers various courses of the different disciplines. UC has maintained its pride over the years by having twice leaders in the Bar. This university is also the center of excellence in criminology and information technology. The University of Baguio is one of the universities with the largest population and is the only university in Baguio that offers dentistry and the other related medical courses.

There are more universities in Baguio to choose from, such as Easter College, Pines City Colleges, Philippine Women’s University, and National University. All of these provide students with the quality education they need. There is no doubt that Baguio offers students a wide range of learning and knowledge through these prestigious universities. This may be the reason why a third of the city’s population are students. In fact, the Baguio environment has been adapted to the educational and physiological needs of the students. Baguio truly caters to people from all walks of life.

Lifestyle Fashion

James Bond food

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One of the big differences between the James Bond books and the movies is that while 007 is hardly seen eating in the film series, yet he is well known for drinking, the books often feature exquisitely described meals that are a highlight of Ian Fleming’s writing. .

However, Bond is not an absolute snob, and while he enjoys good food served in fancy restaurants, his favorite food by far is scrambled eggs on bacon toast. This can be eaten morning, noon, and evening and Fleming even featured a scrambled egg recipe in his story, 007 in New York.

Bond also finds fine dining quite pretentious at times and Fleming claims that when he is in England he lives on a diet of grilled sole, egg cocotte and cold roast beef with potato salad; Bond himself claims to prefer the normal and ordinary food of the country when he is abroad.

Bond’s favorite meal of the day is breakfast, which we know because Ian Fleming told us. It was also Fleming’s favorite mealtime – his opinion that we all crave simple, baby foods and breakfast provided exactly that.

While Bond sometimes orders scrambled eggs for breakfast from the books, his routine while in London is much simpler; Sip two cups of De Bry’s coffee on New Oxford Street (sadly no more) brewed in a glass Chemex coffee maker while reading the Times.

They then serve him an egg that has been boiled for exactly three minutes and a third by May, his elderly Scottish maid, served in a dark blue egg cup adorned with a gold ring on top. The egg comes from French Marans hens and is supplied by a friend of May’s. After the egg, you have toast and butter served with Tiptree’s Little Scarlet Strawberry Jam, Fortnum and Mason’s Norwegian Heather Honey, and Cooper’s Vintage Oxford Jam, all served on Minton Blue Porcelain.

However, when you are abroad, your breakfast may vary. In New York, what he calls for room service is ordering orange juice, three lightly scrambled eggs with bacon, toast and jam along with a double espresso with cream, which hardly varies from the breakfast at home. But while on a mission in Istanbul, he orders a very different breakfast; yogurt and green figs with Turkish coffee.

Where we do see evidence that James Bond loves “simple country food” when he lunches on ham sandwiches with a lot of mustard (in an English pub) or bread and sausages (while following Goldfinger through France), he also eats very well. ; One of the most memorable descriptions of a meal occurs when he dines with M at his club, Blades.

After the Riga vodka, Bond orders Champagne to accompany his asparagus sauce and hollandaise sauce, lamb chops with buttered peas and new potatoes, and a pineapple slice for dessert. This episode appears in Moonraker, written shortly after rationing in the UK ended, and while it may not seem particularly exotic to modern readers, the books provided the wish-fulfillment for the reader of the day.

Real Estate

FASB Proposed Lease Accounting Changes – Impacts on Commercial Real Estate

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Introduction:

The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record nearly all leases on their balance sheets as a “right of use” asset and a “payment. future lease – corresponding liability “. . What does this mean for your business in simple terms? In essence, this proposal eliminates operating leases; all leases (unless intangible) would be capitalized using the present value of the minimum lease payments. Therefore, companies that in the past had off-balance sheet lease obligations must now record these obligations on their balance sheet.

A key point to consider regarding the proposed changes to lease accounting is that, in all likelihood, existing operating leases, signed prior to the implementation of the new rules, will require reclassification as capital leases that need to be accounted for on the balance sheet. . This means that real estate professionals should immediately consider the effect that existing and planned leases will have on the financial statements once the proposed rules are implemented. Because operating lease obligations can represent a greater liability than all balance sheet assets combined, reclassifying the lease can significantly alter the company’s balance sheet.

The impact of recording these lease obligations on the balance sheet can have multiple impacts, such as: companies needing to alert their lenders as they will now default on their loan agreements, negotiate new loan agreements with lenders due to the upgrade financial financial statements, the ratios used to assess the credit potential of a business will be adversely affected and the restatement of a lessee’s financial status once the change takes effect may result in a lower principal balance and changes in various accounting ratios

The conceptual basis for lease accounting would change from determining when “substantially all the benefits and risks of the property” have been transferred, to recognizing the “right of use” as an asset and contributing assets (and obligations) between the lessee and the tenant. lessor.

As part of the FASB’s announcement, the Board stated that, in its opinion, “current accounting in this area does not clearly describe the resources and obligations that arise from lease transactions.” This suggests that the bottom line will likely require more leasing activity to be reflected on the balance sheet than it currently is. In other words, many, perhaps virtually all, leases that are now considered operating will likely be considered equity under the new rules. Therefore, many companies with large portfolios of operating leases are likely to see a material change in their corporate financial statements.

Part of the purpose of this is to coordinate lease accounting standards with the International Accounting Standards Board (IASB), which sets accounting standards for Europe and many other countries. IASB and FASB currently have substantial differences in their treatment of leases; It is particularly notable that the “bright line” tests of FAS 13 (if the lease term is 75% or more of the economic life, and if the present value of the rentals is 90% or more of the fair value) does not they are used by the IASB, which prefers a “facts and circumstances” approach that involves more judgment. Both, however, have the concept of capital (or finance) and operating leases, however, the dividing line is drawn between such leases.

The FASB will accept public comment on this proposed change until December 15, 2010. If the FASB makes a final decision in 2011 regarding this proposed change to lease accounting, the new rules will take effect in 2013.

Additionally, Securities and Exchange Commission staff reported in a report ordered by Sarbanes-Oxley, that the amount of operating leases held off balance sheet is estimated at $ 1.25 trillion that would be transferred to corporate balance sheets if this were to happen. proposed. the accounting change is adopted.

Commercial real estate:

The impact on the commercial real estate market would be substantial and will have a significant impact on commercial tenants and landlords. David Nebiker, Managing Partner at ProTenant (a commercial real estate firm focused on helping Denver and regional companies strategize, develop and implement comprehensive long-term facilities solutions) added “This proposed change doesn’t just affect tenants. and landlords, but intermediaries, as it increases the complexity of leases and provides a strong impetus for tenants to execute short-term leases. “

Short-term leases create financing problems for homeowners, as lenders and investors prefer longer-term leases to secure their investment. Therefore, homeowners must obtain purchase or refinance financing prior to the implementation of this regulation, as financing will be considerably more difficult in the future.

This accounting change will increase the administrative burden on businesses and the rental premium for single-tenant buildings will be effectively eliminated. John McAslan, a ProTenant associate, added that “the impact of this proposed change will have a significant impact on leasing behavior. Landlords of single-tenant buildings will wonder why not just own the building, if I have to register it. in my financial statements anyway. ” “

Under the proposed rules, tenants would have to capitalize the present value of virtually all “probable” lease obligations on corporate balance sheets. The FASB views leasing essentially as a form of financing in which the lessor allows a tenant to use a capital asset, in exchange for a lease payment that includes principal and interest, similar to a mortgage.

David Nebiker said that “regulators have not understood why most companies rent and that is for flexibility as their workforce expands and contracts, as location needs change, and companies prefer to invest their cash in producing an increase in income, rather than owning real estate. “

The proposed accounting changes will also affect owners, especially companies that are publicly traded or have public debt with audited financial statements. The owners of shopping centers and trusts should perform an analysis for each tenant located in their buildings or shopping centers, analyzing the terms of occupancy and contingent lease rates.

Proactive landlords, renters, and brokers should familiarize themselves with the proposed standards that could take effect in 2013 and begin negotiating leases accordingly.

Conclusion:

The end result of this proposed change in lease accounting is an increased compliance burden on the lessee, as all leases will have a tax-deferred component, be included on the balance sheet, require periodic reassessment, and may require disclosure. more detailed financial statement.

Therefore, lessors need to know how to structure and sell transactions that will be desirable to tenants in the future. Many tenants will find that the new rules eliminate the off-balance sheet benefits that FASB 13 gave them in the past and will determine that leasing is a less beneficial option. They may also find the new standards more cumbersome and complicated to explain and disseminate. Ultimately, it will become a challenge for every commercial real estate landlord and broker to find a new approach to marketing commercial real estate leases that makes them more attractive than homeownership.

However, this proposed accounting change to FAS 13 could potentially stimulate a lack of shine in the commercial real estate market in 2011 and 2012, as companies decided to buy properties rather than deal with leasing administrative issues in 2013 and beyond. there.

In conclusion, it is recommended that homeowners and tenants begin to prepare for this change by reviewing their lease agreements with their commercial real estate broker and discussing the financial ramifications with their CFO, outside accountant, and tax accountant to avoid potential if / when financial surprises. accounting changes. are adopted.

Both David Nebiker and John McAslan of ProTenant indicated that their entire corporate team is proactively educating and advising their clients on these potential changes.

Annex – Definition of operating and capital leases:

The basic concept of lease accounting is that some leases are simply rentals, while others are actually purchases. For example, if a business rents office space for a year, the space is worth almost as much at the end of the year as it was when the lease began; the business is simply using it for a short period of time, and this is an example of an operating lease.

However, if a business leases a computer for five years, and at the end of the lease, the computer is almost useless. The lessor (the company that receives the lease payments) anticipates this and charges the lessee (the company that uses the asset) a lease payment that will recover all the costs of the lease, including a profit. This transaction is called a capital lease, however, it is essentially a purchase with a loan, since said asset and liability must be recorded in the financial statements of the lessee. Essentially, principal lease payments are considered loan repayments; Depreciation and interest expenses, instead of leasing expenses, are recorded in the income statement.

Operating leases do not normally affect a company’s balance sheet. There is, however, an exception. If a lease has scheduled changes in the lease payment (for example, a planned increase for inflation or a lease holiday during the first six months), the lease expense will be recognized on an equal basis over the life of the lease. The difference between the recognized lease expense and the lease actually paid is considered a deferred liability (for the lessee, if the leases increase) or asset (if they decrease).

Whether capital or operating, future minimum lease commitments should also be disclosed as a footnote in the financial statements. The lease commitment must be broken down by year for the first five years, and then all remaining rentals are combined.

A lease is capital if any of the following four tests are met:

1) The lease transfers ownership to the lessee at the end of the lease term;

2) The lessee has the option to purchase the asset at a bargain price at the end of the lease term.

3) The lease term is 75% or more of the asset’s economic life.

4) The present value of the rents, using the incremental indebtedness rate of the lessee, is 90% or more of the fair market value of the asset.

Each of these criteria, and their components, are described in more detail in FAS 13 (coded as section L10 of the FASB Current Text or ASC 840 of the Codification).

Shopping Product Reviews

Apple’s journey from its first iPhone to the latest iPhone 7

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The tech giant Apple is known for its revolutionary high-end iPhone devices that has propelled the smartphone market with its rich features and eccentric functionality. Since launching its first iPhone in 2007, the company has never looked back and now, here it is: the renowned maker of premium iPhone devices that people seem willing to sell their one kidney for.

However, several products have been discontinued, some are available, and some are on the latest trends. Therefore, you can buy an Apple mobile phone that appeals to you the most and that also fits your budget. Let’s take a walk through the evolution of Apple phones and find out how Apple has changed since then.

First iPhone:

The first iPhone was released to the world in January 2007 by CEO Steve Job. However, it was hit on the market in June 2007 with its two storage variants, 4GB and 8GB, which were very expensive. This device won hearts for its 3.5-inch multi-touch screen with a 2-megapixel camera. However, the camera is good enough at the time, but the users did not praise it due to the very poor quality.

IPhone 3G series:

Just a year later, the company brought out the iPhone 3G, which was capable of offering 3G data connectivity along with several new features at a cheaper price than the predecessor. The tech giant had integrated GPS into the smartphone and also introduced it in 8GB and a new 16GB variant.

Another year and another model with faster performance than its predecessors: the iPhone 3GS. A faster iPhone 3.0 operating system smartphone was released in 8GB, 16GB and 32GB variants. This phone was praised by its users and viewers for its built quality and impressive features.

IPhone 4 series:

June 2010 gave the world an opportunity to applaud for great improvements in the age of technology through the launch of its new product. The iPhone 4 was developed with a Retina display and also introduced the Face Time video chat option, without increasing the price of its 16GB and 32GB variants. The name of the iPhone OS has been changed with the update and made this device run on the iPhone 4 operating system.

This is the year that new CEO Tim Cook replaced Steve Jobs due to his illness. The new CE) came with new energy and began to make efforts in advancing the new device. Therefore, the iPhone 4S series was announced with a dual-core processor in three storage models: 16GB, 32GB, and the new 64GB.

IPhone 5 Series:

By 2012, the technology had been updated and therefore it became necessary for Apple to make positive changes to the design and features of its next iPhone. Tim Cook announced in September 2012 a faster and thinner iPhone with a 4-inch screen, without making any changes to the price of the 16GB, 32GB and 64GB models. This phone quickly became the biggest hit due to its advanced features and sleek construction.

The year 2013 brought new nuances along with two new devices: the iPhone 5C and the iPhone 5S. The former was introduced to provide an opportunity to experience a classic smartphone for those on a budget. While the iPhone 5S was available with a faster 64-bit A7 processor and Touch ID. The motion data processor was also introduced this year on the iPhone 5C to access health and fitness applications.

IPhone 6 and iPhone 6 Plus Series:

In 2014, the tech giant maintained its new launch style by introducing two devices again in the same year. The iPhone 6 and 6 Plus were unwrapped, which had just changed the vision of the Apple people. This year, groundbreaking updates to design, features and functionality were introduced. The iPhone 6 and 6 Plus were launched with a 4.7-inch and 5.5-inch screen. Curved edges, A8 processor, iPhone 8 operating system, NFC, Apple Pay, improved camera, Face Time camera and many other amazing features were delivered by the tech giant this year to force the world.

These two devices have shown that Apple will not stop surprising the world with its revolutionary updates. A new Force Touch technology called 3D Touch entered these two devices along with an improved camera module, a faster A9 chip, and a new color.

iPhone 7 and iPhone 7 Plus:

Wonders will never cease! 2016 just blew us away with an improved camera, faster processor, longer battery life, and deadly kickback (headphone jack removal) on the new iPhone 7 and iPhone 7 Plus. The home button has changed, the quad-core A10 Fusion chip is breaking the floor with its result of faster performance, new colors, a monster storage variant, dual camera and many other advanced and cutting-edge features have been integrated into these. two new devices.

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Get Started – Create a Plan Today That Will Help You Succeed

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In recent years, we have seen a host of fitness trends and diets. With so much information, it is often too overwhelming to make an informed decision about what really works. In any business, sales and profits are the main source of income for any corporation. Marketing departments spend millions of dollars researching how to increase the sales of their products. What has been discovered is that celebrity endorsed products can substantially increase profits. In exchange for endorsement, the celebrity receives compensation for his image.

They often allow the business to use their image or name without actually using the product or service. Because millions of dollars are spent on marketing research, they know exactly what will trigger their emotions to make you buy their product or service. However, the consumer is left to figure out what is true or false. So how do you decipher the conflicting information about exercise and diet?

Start with knowing that there are many answers that can be based on many factors. These factors include your genetics, your body mass index (lean muscle versus fat); what you eat (caloric intake) versus how much you burn, your cardiovascular activities, and most importantly, your lifestyle. Lifestyle is defined as your work and the daily activities you do throughout the day. So how can you decide what is best for your personal individual fitness goals at your current fitness level?

Let’s start with step 1:

1. Determine your fitness goals

To determine your fitness goals, consider your current fitness level and lifestyle. Are you currently doing any physical activity? Physical activities include:

A. Walking your dog

B. Bowling

C. wash your car

D. Climbing a flight of stairs

E. Walking briskly

If your lifestyle doesn’t include any of the examples similar to the letter AD above, your fitness goals should include more cardiovascular activity. Beginners should include 15-20 minutes of cardiovascular activities 2-3 times a week. Intermediate to advanced should include 30-90 minutes 3-4 times a week. Cardiovascular is defined as the design or function to cause a temporary increase in heart rate (to improve heart function and reduce the risk of heart disease).

A cardiovascular exercise includes the use of treadmills, stationary bikes, and other equipment that are used to increase the heart rate. For more information on how to calculate your target heart rate, you can visit http://www.stevenscreek.com/goodies/hr.shtml.

2. Write down your fitness goals and post them in a conspicuous place.

Make sure your goals are realistic and your weight loss does not exceed 2 pounds per week.

FOR . Include realistic weekly weight loss goals.

B. Post goals in an area in which you spend most of your time.

C. Post the goals in a conspicuous place like the refrigerator, bathroom mirror, or car dashboard.

3. Create a weekly eating and exercise plan.

A. Without a schedule to achieve your fitness goals, your plan will remain a dream.

B. If you’re always on the go, make snacks so you always have healthy snacks.

4. Enlist the help of positive family and friends to take responsibility for reaching your fitness goals.

FOR . Only tell positive family and friends that they will encourage you to achieve your goals.

B. Losing weight or toning is not easy. The less energy or negative thoughts you have, the more likely you are to succeed.

5. Check out the New Food Pyramid to create a nutrition plan.

Visit http://mypyramid.gov/ for additional information on how to build your plan.

A. Plan weekly meals using the new food pyramid.

B. Limit fast food restaurants to the middle of the road.

C. DO NOT CONFUSE WEIGHT LOSS WITH NOT EATING ANYTHING. (Weight loss is often achieved through drastic measures including starvation and liquid diets, but the damage done to your body is not immediate. Your body needs fuel to function. Not feeding it properly can wreak havoc on your organs with fuel. weather).

6. Establish a consistent training program.

Enlist the help of a certified professional personal trainer to teach you proper exercise technique. Or enlist the help of a responsible partner and both of you research proper training techniques.

FOR . Consult a physician before beginning any exercise regimen.

B. While in the gym, focus on your training and limit socializing.

VS. As you exercise, be sure to inhale through your nose and out through your mouth.

D. Stay hydrated throughout your workout.

E. Stop immediately if you feel pain or discomfort.

F. Don’t train too much to reach goals sooner.

7. Weight gain did not happen overnight, therefore losing those extra pounds will not happen overnight.

A. Be patient with your success and every day is a day to achieve those daily goals.

B. Be positive in knowing that fitness is a journey, not a destination.