Login / Register

World News

  • How Much Did You Think You Get If You Win 1.5 Billion Dollar Powerball Lotto

    You’ve probably heard by now that the Powerball Lotto has reached a historic draw amount at a staggering 1.5 billion dollars. However, while that is a fortune to most people, before you start making plans for your windfall you should know that taxes will leave you with considerably less than that.


    To get even close to the 1.5 billion dollar payout, you would first need to opt for taking your winnings in the installments, accumulating in 30 payments over 29 years over the immediate lump sum. If you choose the lump sum, the prize money drops 38 percent to 930 million.

    However, that’s not all that’s taken off your winnings. You then have to deal with the federal tax bill as lottery winnings are seen as regular income which, according to Melissa Labant with the American Institute of Certified Public Accountants, means it’s subjected to the highest federal tx rate.


    ‘If they win the jackpot, they’re going to be subjected to the highest federal tax rate of 39.6 percent. It’s a lot more significant than folks expect. You’re not the type of consumer the US government is looking to give a tax break to,’ said Labant, director of tax advocacy.

    The U.S. government also automatically withholds 25 percent of the winnings which means you’d only be taking home $232.5 million if you accepted the lump sum.

    Also, come tax season in April 2017, you’ll be expected to pay federal taxes which make up about 14.6 percent of your winnings. So save about 135.8 million dollars, you’ll be needed it.

    Finally, you’ll have to factor in state taxes which will shave off an additional 15 percent. This means, if you took the lump sum, you could end up with just 422.2 million. Still quite a fortune but not the 1.5 billion that was advertised.

    Read more »
  • In Zimbabwe: 40-Years-Old Mother Set To Marry Own Son In Zimbabwe

    A woman is set to marry her own son.  The woman and her son claim to be in love with each other and now they want to take their relationship to the next level and get married considering that the mother, Betty Mbereko (from Mwenezi in Masvingo) is now six months pregnant and expecting her son’s child, and her grandchild.

    Mbereko, 40,  has been a widow for the past 12 years and has been living with her 23-years-old son Farai Mbereko.
    She confirms that she is six month pregnant and that she has decided it is better to “marry” her son because she does not want to marry her late husband’s young brothers, whom she says are coveting her.
    Betty stunned a village court last week when she said the affair with her son had begun three years earlier.
    She said after spending a lot of money sending Farai to school following the death of her husband, she felt she had a right to his money and no other woman was entitled to it.
    “Look, I strove alone to send my son to school and no one helped me. Now you see that my son is working and you accuse me of doing something wrong.
    “Let me enjoy the products of my sweat,” she told the village court council.
    Farai said he was more than prepared to marry his mother and would pay off the ilobola balance his father had left unpaid to his grandparents.
    “I know my father died before he finished paying the bride price and I am prepared to pay it off,” he said. “It is better to publicise what is happening because people should know that I am the one who made my mother pregnant.
    Otherwise they will accuse her of promiscuity.” But local headman Nathan Muputirwa says: “We cannot allow this to happen in our village, mashura chaiwo aya, (This is a bad omen indeed). In the past they would have to be killed but today we cannot do it because we are afraid of the police.”

    Source: http://howafrica.com/in-zimbabwe-40-years-old-mother-set-to-marry-own-son-in-zimbabwe/

    Read more »
  • GOOD NEWS: HIV/AIDS cure finally FOUND, Doctors confirm - NO MORE CONDOMS!!

    Doctors in Barcelona, Spain believe they have found the cure to HIV – the AIDS-causing virus that affects the lives of more than 34 million people worldwide, according to WHO.
     By using blood transplants from the umbilical cords of individuals with a genetic resistance to HIV, Spanish medical professionals believe they can treat the virus, having proven the procedure successful with one patient.
     A 37-year-old man from Barcelona, who had been infected with the HIV virus in 2009, was cured of the condition after receiving a transplant of blood.
     While unfortunately the man later died from cancer just three years later, having developed lymphoma, the Spanish medical team is still hugely encouraged by what it considers to be a breakthrough in the fight against HIV and related conditions, according to the Spanish news source El Mundo.
     Doctors in Barcelona initially attempted the technique using the precedent of Timothy Brown, an HIV patient who developed leukemia before receiving experimental treatment in Berlin, the Spanish news site The Local reported. Brown was given bone marrow from a donor who carried the resistance mutation from HIV. After the cancer treatment, the HIV virus had also disappeared.
     According to The Local, the CCR5 Delta 35 mutation affects a protein in white blood cells and provides an estimated one percent of the human population with high resistance to infection from HIV

     Spanish doctors attempted to treat the lymphoma of the so-called "Barcelona patient" with chemotherapy and an auto-transplant of the cells, but were unable to find him a suitable bone marrow.
     "We suggested a transplant of blood from an umbilical cord but from someone who had the mutation because we knew from 'the Berlin patient' that as well as [ending] the cancer, we could also eradicate HIV," Rafael Duarte, the director of the Haematopoietic Transplant Programme at the Catalan Oncology Institute in Barcelona, told The Local.
     Prior to the transplant, a patient's blood cells are destroyed with chemotherapy before they are replaced with new cells, incorporating the mutation which means the HIV virus can no longer attach itself to them. For the Barcelona patient, stem cells from another donor were used in order to accelerate the regeneration process.
     Eleven days after the transplant, the patient in Barcelona experienced recovery. Three months later, it was found that he was clear of the HIV virus.
     Despite the unfortunate death of the patient from cancer, the procedure has led to the development of an ambitious project that is backed by Spain's National Transplant Organization.
     March 2016 will mark the world's first clinical trials of umbilical cord transplants for HIV patients with blood cancers. Javier Martinez, a virologist from the research foundation Irsicaixa, stressed that the process is primarily designed to assist HIV patients suffering from cancer, but "this therapy does allow us to speculate about a cure for HIV," he added.


    Source: http://www.globalwirenews.com/good-news-hivaids-cure-finally-found-doctors-confirm-no-more-condoms/

    Read more »