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No FATCA expansion: CUNA, World Council tell Congress

first_imgCUNA and the World Council of Credit Unions wrote to congressional leadership Tuesday opposing any increase in Foreign Account Tax Compliance Act (FATCA) reporting requirements on U.S.-based credit unions and banks. FATCA is designed to target non-compliance by U.S. taxpayers with foreign accounts.“We urge you to oppose further domestic expansion of FATCA because it would increase regulatory burdens on American credit unions and banks without resulting in a single dollar of new tax revenue to the Treasury,” the letter reads, signed by CUNA President/CEO Jim Nussle and World Council President/CEO Brian Branch.Treasury Secretary Jacob Lew has asked for new legislation to expand domestic application of FATCA, which would require U.S.-based credit unions and banks to report non-resident aliens’ account balances to the Internal Revenue Service (IRS), even when the accounts do not earn interest or dividends. continue reading » 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

New networking app launched for alumni

first_imgThe Alumni Association has created an app in addition to the online “Fight Online” networking program to enhance networking for USC alumni. The app was updated in September and is now available for download.Originally, the Fight Online program allowed alumni to connect with other alumni, but it was only available online. Now, the mobile app will allow alumni to connect to it on a real-time, real-location basis. The new app portion will require alumni to sign up for it before being able to use it.Denise Lopez, senior director of alumni relations for the Alumni Association, described new features that are only available on the app.“The mobile app runs in a different way where you can go online and see other Trojans that are in the area,” Lopez said. “It geo-locates other alumni in the area to see if you can connect with Trojans nearby.”The app was created by the same company that developed the Game Day app for USC Athletics to allow for a streamlined process and line of apps for all of the Trojan Family.The app also allows includes special perks for alumni.“You can also search for Trojan businesses, and it will show you all the businesses so you can frequent USC businesses or you can go to the real estate section to see the list of Trojans that are real estate agents,” Lopez said. “Many businesses and Trojans opt in to have special offers for other Trojans only.”These perks would be available only for those using the mobile app.The Alumni Association hopes to have more members download the app during homecoming weekend. Lopez said that as of now, there are almost 3,000 alumni signed up with the networking program and the number is increasing.There have been several initiatives to increase awareness and membership for the new app. Lopez said the university has sent emails to registered alumni, placed posters to entrances around campus, run advertisements in Trojan Family magazine and given presentations about the app to large audiences.According to Lopez, the app will change the way alumni can network.“Before you would have no idea to know if you were sitting next to a Trojan on a bus,” Lopez said.last_img read more

Remembering when Kobe Bryant didn’t flinch at Matt Barnes’ inbounds pass

first_imgMORE: Top 10 GIFs of Kobe Bryant’s careerI’ve watched this GIF so many times, and I can’t believe how Bryant doesn’t move. He just keeps his cool while the ball is practically touching his nose.I mean, just look at the calmness in his eyes while this happened.Most people only know about this moment from the game, but this was just a small part of the battle between Barnes and Bryant. As the Associated Press recap of that night explains, they were both battling all game long.Bryant and Barnes continuously traded elbows and were each hit with a technical foul in the third quarter after going chest-to-chest in a verbal spat. Barnes had a put-back dunk a few plays later and dangled his legs on Bryant, who extended his right arm slightly into his opponent’s chest, leading to another confrontation…. Barnes and Derek Fisher would get double fouls in the game’s final minute, with the pair brushing each other after Orlando’s feisty forward threw a blind-sided screen.As for the inbounds play, as the GIF gained popularity, so did the interest in the story behind it. Both players offered their sides in the years that followed. Kobe Bryant is known for his “Black Mamba” mentality, and perhaps that was most on display on March 7, 2010.Bryant was playing against the Magic that night, and in the third quarter Orlando’s Matt Barnes attempted to make Kobe flinch on an inbounds pass. He faked throwing the ball right in his face, and Bryant didn’t move — like, at all.  Here’s what Barnes had to say in 2010 to Sports Illustrated:”That scared me a little. I mean, that wasn’t even human. And then I saw the replay, and I was like, this close to him, and he didn’t flinch. I didn’t know what I expected, maybe something to happen, but he didn’t flinch.”And here’s Bryant, via the LA Daily News in 2015:”He’s crazy, but he’s not that crazy. So I didn’t bother flinching. It was a split second and I processed it pretty quickly. I realized he wasn’t going to do it. We laughed and joked about it a lot when he played together.”The Magic ended up winning that game, 96-94. Bryant had a game-high 34 points, and Barnes finished with 10.last_img read more