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An octet of science <b>news</b>
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Is This the Best <b>News</b> Picture in the World? World Press Photo <b>...</b>
Jodi Bieber wins the World Press Photo of the Year for her portrait of an Afghan woman who was disfigured by her husband on authority of the Taliban.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: February 10, 2011 <b>...</b>
IN 'GREEN NEWS EXTRA' (see links below): Palm oil giant to halt Indonesia deforestation; Georgia forests worth more than $37 billion annually; Search for wind-related grid problems finds a bigger concern; IBM hunting for lithium-air car ...
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bench craft company
An octet of science <b>news</b>
Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...
Is This the Best <b>News</b> Picture in the World? World Press Photo <b>...</b>
Jodi Bieber wins the World Press Photo of the Year for her portrait of an Afghan woman who was disfigured by her husband on authority of the Taliban.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: February 10, 2011 <b>...</b>
IN 'GREEN NEWS EXTRA' (see links below): Palm oil giant to halt Indonesia deforestation; Georgia forests worth more than $37 billion annually; Search for wind-related grid problems finds a bigger concern; IBM hunting for lithium-air car ...
bench craft company
An octet of science <b>news</b>
Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...
Is This the Best <b>News</b> Picture in the World? World Press Photo <b>...</b>
Jodi Bieber wins the World Press Photo of the Year for her portrait of an Afghan woman who was disfigured by her husband on authority of the Taliban.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: February 10, 2011 <b>...</b>
IN 'GREEN NEWS EXTRA' (see links below): Palm oil giant to halt Indonesia deforestation; Georgia forests worth more than $37 billion annually; Search for wind-related grid problems finds a bigger concern; IBM hunting for lithium-air car ...
bench craft company
An octet of science <b>news</b>
Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...
Is This the Best <b>News</b> Picture in the World? World Press Photo <b>...</b>
Jodi Bieber wins the World Press Photo of the Year for her portrait of an Afghan woman who was disfigured by her husband on authority of the Taliban.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: February 10, 2011 <b>...</b>
IN 'GREEN NEWS EXTRA' (see links below): Palm oil giant to halt Indonesia deforestation; Georgia forests worth more than $37 billion annually; Search for wind-related grid problems finds a bigger concern; IBM hunting for lithium-air car ...
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bench craft company
bench craft company
An octet of science <b>news</b>
Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...
Is This the Best <b>News</b> Picture in the World? World Press Photo <b>...</b>
Jodi Bieber wins the World Press Photo of the Year for her portrait of an Afghan woman who was disfigured by her husband on authority of the Taliban.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: February 10, 2011 <b>...</b>
IN 'GREEN NEWS EXTRA' (see links below): Palm oil giant to halt Indonesia deforestation; Georgia forests worth more than $37 billion annually; Search for wind-related grid problems finds a bigger concern; IBM hunting for lithium-air car ...
bench craft company
Many years ago, the early settlers used to trade their goods and specialized skills (services) as a form of payment. In today's economy, it is becoming increasingly difficult to make ends meet. Back in September of 2001, I did a bit of research and discovered a St. Louis-based company that followed the lead of those early settlers. I must say that I have saved literally thousands of dollars by joining a trade exchange by the name of ICRE, owned by the president of the company Al Cochran. (International Credit Reserve Exchange). Here is how it works.
ICRE is a business cooperative and referral service in which people and businesses are able trade goods and services between each other, thus saving money for things they would normally spend a lot of cash on.
There are goods within the cooperative such as jewelry, plumbing supplies, health products, furniture, computer supplies, clothing, office supplies, automobiles, boats, restaurants, eye glasses and contacts and everything in between.
There are services such as dentists, physicians, chiropractors, lawyers, home remodeling, accountants, handymen, auto repair, piano tuners, exterminators, electricians, computer repair, beauty shops, barbers and anything else you might imagine.
Before joining, I had some questions that I wanted answers to on how it worked, so I went directly to the President and owner of ICRE, Al Cochran and interviewed him in a rather informal way. Here is the information you need to know if you are looking into joining a bartering club or trade exchange. (They are in most major cities throughout the United States, the UK and Australia.)
The first thing to think about is the difference between barter and a trade exchange. As Al explained to me, "Bartering is where you trade a good or services for another good or service with no actual cash exchanged; whereas with a trade exchange the cost of the expenses and supplies are paid for in cash and the services are traded. ICRE is a trade exchange.
Is bartering legal? The IRS says that it is indeed! As long as you include "fair market value" of the barter earned in your income for tax purposes, and it will be taxed the same as cash. You can deduct barter expenses the same way you would cash. Be sure to keep accurate records. Bartering is like cash in that you are better off bartering and paying taxes then not bartering just to avoid taxes. You save money!
Is trading through a trade exchange legal? Once again, yes! In 1984 the Tefra Act was changed; to include trade exchanges, such as ICRE. Trade exchanges are considered a third party record keepers, on par with banks and credit card companies. ICRE has to report the gross credits earned by members; using a 1099b form the same way that banks are required to report the interest on your savings using a 1099 form. Trading and bartering increase productivity so much that taxes are really not a detriment.
Effective use of trading and bartering can give you an additions 20% of your gross net. How is this possible? Al explains that "most companies across the USA are not reaching their maximum productivity. Many companies are perhaps at 60 to 70 %. When this is the case, these companies can increase their productivity through "proper use of trading and bartering" as much as 20% without having to increase their fixed cost. (Fixed costs include things such as rent, utilities, salaries) That means that as long as a company collects their variable cost attributed to this new business in cash; and barter or trade the difference, that barter or trade becomes "net barter or trade in reserve"! Anytime these companies spend this net barter or trade dollars on any fix or variable expense, the cash saved (meaning the cash not spent) goes to the bottom line in the form of "net cash retention". There are plenty of companies who would be thrilled to do business with you under these circumstances who are currently doing business with your competitors!
How do I know that when I trade or barter that I will not get ripped off? Al says that all you can do is to be careful and use the same discretion you would use if you were spending cash. It is a very good idea to check references of people who you have not done business with before, and look at the quality of their work. One of the benefits of joining a trade exchange is that in most cases, the exchange has already had experience with most of their members, and know the integrity level of them, thus making the trade exchange a number one reference." Al also recommends that you "check prices outside of the trade exchange before calling the exchange. I usually lay my cards on the table when dealing with members of ICRE. They will almost always be eager to at least match if not beat a competitors price.
What if I do not have a good or services to trade? How can I benefit from a trade exchange? Al answers " You can affiliate yourself with a trade exchange such as ICRE. Once you do this, everything the exchange has is at your disposal. For example: ICRE has over 50 restaurants locally throughout the St. Louis Metropolitan area. You can buy "credit dollars" and spend them for things on the exchange that you need. The monetary value for one credit dollar is currently 50 cents. This means that you are paying 50 cents cash for a dollar worth of goods or services.
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