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June, 4, 2012

Jun 4

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Most of this information has been publicized in team-by-team form, but it's interesting to examine from a league-wide perspective. Ohio State defensive coordinator Luke Fickell and Michigan defensive coordinator Greg Mattison are the league's highest-paid assistants, both earning $750,000. Michigan offensive coordinator Al Borges ($550,000) is next, followed by Michigan State defensive coordinator Pat Narduzzi ($500,000), who recently received a raise that more than doubled his previous salary ($233,000).

Several of the Big Ten's highest-paid assistants from 2011 -- Wisconsin offensive coordinator Paul Chryst, Illinois offensive coordinator Paul Petrino, Illinois defensive coordinator Vic Koenning -- since have left the league for other jobs.

Here are the totals paid for assistants among the 10 schools reporting salaries:

1. Ohio State -- $3.22 million 2. Michigan -- $2.755 million 3. Illinois -- $2.314 million 4. Michigan State -- $2.18 million 5. Iowa -- $2.16 million 6. Nebraska -- $2.13 million 7. Wisconsin -- $1.973 million 8. Indiana -- $1.96 million 9. Minnesota -- $1.745 million 10. Purdue -- $1.61 million

When factoring in the head coach salaries, the rankings look like this:

1. Ohio State -- $7.22 million 2. Iowa -- $6.035 million 3. Michigan -- $6.009 million 4. Nebraska -- $4.905 million 5. Wisconsin -- $4.571 million 6. Michigan State -- $4.098 million 7. Illinois -- $3.914 million 8. Minnesota -- $3.445 million 9. Indiana -- $3.22 million 10. Purdue -- $2.535 million

Continue reading here:
Examining B1G assistant coach salaries

Bruce Anstey and John McGuinness took the victories in Monday's races at the Isle of Man TT.

Anstey edged out Cameron Donald by 0.77 seconds in Supersport Race One for his ninth TT win with William Dunlop taking his first Isle of Man podium finish.

Michael Dunlop led by 21 seconds after lap two before retiring.

McGuinness clinched his 19th TT win as he finished 7.8 seconds ahead of Michael Dunlop in the Superstock race with Ryan Farquhar in third.

Padgett's Honda rider McGuinness led Farquhar by 0.17 seconds after lap one, by four seconds after lap two and by 12 seconds after the third lap as he went on to clinch his first TT Superstock victory.

A final lap of 129.253mph, the fastest of the race, saw Dunlop move up to take second with Farquhar five seconds adrift of his fellow countryman.

Supersport winner Anstey, Guy Martin and James Hillier made up the top six.

In the earlier Supersport race, Michael Dunlop led by 10 seconds after lap one and by 21 seconds after lap two but retired at Ballig Bridge on his third circuit after setting the fastest lap of the race at 126.95mph.

Gary Johnson led after lap three but ran out of fuel in the closing stages which enabled William Dunlop to take his first-ever TT podium finish.

The 26-year-old Wilson Craig Honda trailed second-placed finisher Donald by 14 seconds at the chequered flag.

View post:
Anstey & McGuinness earn TT wins

By Richard Rubin - 2012-06-04T15:42:51Z

U.S. multinational companies have been seeking a tax break on overseas income for years, and the top Republican tax writer in Congress is proposing to give it to them. Theres a catch they dont like.

Businesses and trade groups are lobbying House Ways and Means Committee Chairman Dave Camp to loosen rules in his draft plan that would make it more difficult for companies to shift income from the U.S. to lower-taxed countries. Among those groups is the National Foreign Trade Council, whose board includes officials of Oracle Corp. (ORCL), Pfizer Inc. (PFE) and PepsiCo Inc. (PEP)

Its a good-faith effort, but we are a long way from developing a package that everyone can sign on to, said Catherine Schultz, vice president for tax policy at the trade group, which advocates expanded international commerce. You would not get a lot of the business community supporting this if this was a final draft.

The debate over foreign income is a preview of how difficult a tax overhaul, which both political parties say they want, is going to be. While many -- though not all -- companies know they dont like what Camp proposes, they dont agree about how to fix it. What some companies call fair others see as unjustified, depending on what line of business they are in and how their global operations are organized.

There are a few Veruca Salts who want it all and want it now, said Camp, comparing a minority of companies to the fictional spoiled rich kid from the book and movie Charlie and the Chocolate Factory.

In many cases, tighter rules on moving income to low-tax countries such as Bermuda would offset much of the gain from the exemption Camp is proposing.

U.S. multinational companies, including Google Inc., Cisco Systems Inc., and Forest Laboratories Inc., save billions of dollars in taxes annually by shifting profits into subsidiaries in tax havens, often using techniques with nicknames like double Irish and Dutch sandwich.

Under current law, U.S. companies owe the 35 percent U.S. corporate tax rate on all the income they earn around the world. They get credits for tax payments to foreign governments, and they dont pay the U.S. anything until they bring the money home.

Camp, the U.S. Chamber of Commerce and Republican presidential candidate Mitt Romney say the U.S. tax system makes it harder for American companies to compete internationally with businesses from the U.K., Germany and Japan whose home countries dont impose additional taxes on foreign profits.

Read the rest here:
U.S. Multinationals Lobby to Alter Tax Rules They Sought

Just before 2012 started, a group of family and friends asked me to give them advice on building out the ideal growth portfolio. I split my picks into three groups based on risk: core investments, tier one investments, and riskier tier two investments.

Below, I share with you how the hypothetical portfolio is doing, why it's doing so well -- though not nearly as well as just one month ago -- and I'll offer up my three best buys from the group right now.

Read all the way to the end, and I'll throw in access to a special free report about the social media play that isn't getting enough attention right now.

Core

Company

Allocation

Jan. 1 Balance

March 3 Balance

Change

Tier One

See original here:
3 Stocks to Buy From the World's Greatest Growth Portfolio

(RTTNews.com) - After seeing considerable volatility early on, stocks are turning in a relatively lackluster performance in late morning trading on Monday. The major averages are showing only modest moves after ending last Friday's trading substantially lower.

The choppy trading comes as traders express some uncertainty about the near-term outlook for the markets following last Friday's sell-off, which was triggered by much weaker than expected jobs data.

Meanwhile, traders have largely shrugged off a report from the Commerce Department showing an unexpected drop in factory orders in April. The data may have been seen as old news.

Despite the lack of direction being shown by the broader markets, substantial weakness is visible among housing stocks. The Philadelphia Housing Sector Index is down by 1.9 percent after hitting a four-month low earlier in the session.

Banking stocks are also seeing considerable weakness, with the KBW Bank Index down by 1.3 percent. Railroad, oil service, and gold stocks have also come under pressure, while modest strength is visible among internet and telecom stocks.

The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 3.59 points or 0.1 percent at 2,751.07, the Dow is down 11.47 points or 0.1 percent at 12,107.10 and the S&P 500 is down 2.21 points or 0.2 percent at 1,275.83.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com

The rest is here:
Stocks Showing A Lack Of Direction After Friday's Sell-Off - U.S. Commentary