This is TFNN, The Tiger, Financial News Network, TFN News Update. Welcome folks. We have the Dow Industrial is trading up $3.34 and Nasdaq is up $279, S&P is up $55. That's a gain inside the Dow Industrial's folks of 1%, S&P is 1.3 and the Nasdaq 2.1. Gold. Gold contract up $2.20, trading at $19.64 an ounce. We have Silver up $0.51, $23.43 an ounce, Lights recruit up $0.88, $72.69 a barrel, notes and bonds. 10-year note, down 4 ticks, trading $1.1215, the 30-year, up 12 at $1.2529 and $1.00. $1.00 right now, trading down 47 ticks, $1.04204, Euro $1.07, yen $1.40 and the British pound, $1.23 to $1.00 US. We can go into the E-minis first and take a look at this, okay? So bottom line, well here, let me go to the spy first. So we go to the spy first, bottom line, you get wide price spread out here. The volume is going to be light coming up to the highs again. You get $55 million. The last high that we had up here was $100 million. It figures on a vacation, vacation, holiday vacation. We go into the S&P's, now the E-minis, now this is where it's going to get interesting folks. I don't think this is going to pull back out here today to this number, but this is the number you want to keep an eye on Tuesday. And what it is, it's $41.87 because you can see on the way up here, that's the last time we had any volume this morning. Coming into a holiday, they can run it, no doubt. But that $41.87 next Tuesday, I think it's going to be game. We go into the QQQ, you can see the Qs. The next swing point is pretty amazing. That next swing point seemed like a long way away, even two days ago. But yet the Qs in two days just did 18 points, and the swing point is only 23 points away from it now. So, the Qs, you get $48 million traded out here today. We take a look at the weekly. The weekly is a good number. The swing it was taken out is $272 million, and you've already done $268 million. You've got to do more than the swing. That's the bottom line. So, that swing is game, maybe up there at that $274 level. Stay right there folks, come right back.


Team keep it clean. What's going on? It's engraving here with another video and in this video We're here to talk about the game that we just watched The preseason game week one of the preseason between the Ravens and the Rams Final score ended up being 33 to 7 but that's not really important This game Was a game where we got to see a lot of different people And we got to see a lot of different people shine Got some unexpected people shining, but they shine nonetheless, which I was happy for Really quick. Let me introduce myself. Me. I'm engraving vids. This is my YouTube channel engraving vids I'm a Ravens fan as y'all already know But make sure you subscribe to the YouTube channel if you're Ravens fan Don't matter who you like who you love if you watch football Perfect place for you. You can follow on Twitter Instagram. Everything is engraving vids all one word Just like the YouTube channel. We got questions from subscriber series that we do looking in the description follow that information Man, hey, welcome to team. Keep it clean. Know that I appreciate everybody that's up in here the new people the old people everybody Welcome. Welcome. Welcome.  He needs this. He needs this bad He needs to stack up get preseason games like this and he needs to turn it into regulars He needs this really really bad. He desperately needs it Because Perryman he can't afford to have games like he had the other night Yeah, he started that of that game the other night RG3 I think it was RG3's first pass he dropped it and it not only did he drop it But it ended up being an interception. Excuse me But then he followed that up with two catches after that But then tonight, I don't think he dropped it all But he had a catch here and he had yards after the catch and it just took me back man It took me back to his second year in the league when he was showing those flashes When we he was showing those flex this is not it's anything new for Bashar Perryman He did this when he first started playing but he's got to Stack games like this He's got to do it over and over and over in order for him to make not only this team, but 18 period and Something that I I really really loved about this game really loved really loved about what happened with Bashar Perryman tonight Wasn't even all about Bashar Perryman It was RG3 It was RG3. I Love the fact that RG3 Shout out to him for not losing faith in Perryman and shout out for him putting trust in Perryman because You a player if you work with somebody Y'all if whether you work with somebody You go to school with somebody Whatever it is You all are together enough times You know how that person operates that person knows how you operate if you got a workmate or a schoolmate You got a workmate that slacks you won't want to partner up with them when it's time to do a project together You got a schoolmate that slacks you want to partner up with them when it's time to do a paper together You got just any of that you got a teammate that slacks You ain't gonna want to give them the ball because you know that they ain't gonna get the job done but for RG3 He could have been like that on the play He could have looked to a different read he could have looked to a different option He could have took off for the thrown it away could have did a lot of other things, but he trusted Perryman He trusted Perryman and he gave Perryman a shot and Perryman delivered he delivered and For that I was I was both shocked But I was so happy for both of them because RG3 he put his trust in Perryman and Perryman delivered So he gained that trust back He gained that trust any trust that was lost he gained it back and you could tell RG3 was super happy for him because RG3 looked like he had just won a Super Bowl the way he was running down The way he was running down the field to go congratulate Perryman and What I also noticed about that play Was that Perryman? He got a swagger He got a swagger about him after that play. He caught the touchdown He did the Steve Smith senior spin and then he kind of you see you can see how he was walking man You can see how he was walking And he just he got he and not even not only just swagger, but he had a confidence about him and that's what Perryman's been missing He had a confidence about him. I loved it. I loved it loved it loved it loved it loved it loved it loved it so He's got to keep doing this tonight is not enough. He's got to keep doing this somebody else that shine tonight was Tim Williams Tim Williams he he shine tonight, too We didn't get to see hardly any of Tim Williams last year even though our past rush was inconsistent We had young guys we had a boughs on the team we had Tim Williams on the team guys that we drafted High in the draft, but they were just special teams guys. We didn't get to see those guys Didn't get to see them last year. They were wasted. They're just on the sidelines. Yes, bloody but it's like And I know it's a preseason game and I know it wasn't they weren't going against starters, but still like my boys move said earlier These guys are in an NFL for a reason They're there for a reason So give them their credit the NFL players They're there. We're not we're analyzing them. They're not analyzing us. We're analyzing them They're in the NFL So you got to give them their credit back up starters. It don't matter. They are NFL players. Yes done That's him. Mr. Crabtree Who made a nice catch also got one took it knocked out of his hands, but he made This week. What did he have a quarter and a half a? Quarter and change Yeah, he had like maybe no actually cuz no flakko started at the beginning of the game then Lamar Jackson came in So Lamar Jackson had pretty he had about one quarter So Lamar Jackson in less time than he had all of last week He delivered a lot more and then there were people last week calling him a bust People just people have been going wild this off-season. I guess cuz Raven's just been losing so much When Raven's just losing losing losing losing lose people just started to go a little cuckoo But people were calling him a bus. I mean people been calling him a bus But last week after that game people were calling him a bus like what are you doing? Like seriously Like it just I was like wow Like they really said he's a bust He's one. He's a rookie to He is that was his first NFL game Y'all give me one second, please Okay, I'm back. Sorry about that. But anyway Last week was Lamar Jackson. It was his first first very first NFL game You mean to tell me for your first NFL game, you ain't gonna be a little scared.  This is NFL now. This is this is where you get paid legally to play football This is a profession now So Lamar and even last week he didn't even look bad. He just ain't had no protection The guy had absolutely no protection He had zero protection last week.    That's YouTube for you, man. That's why I tell people. Hey anybody I try I be trying to tell y'all I be trying to tell y'all Follow on Twitter. YouTube does not always give you the notifications Follow on Twitter's engraving views YouTube will never They will never give you everything but Twitter will always give you everything and more You follow on Twitter, you'll see where every single video comes out right when it comes out You'll know ahead of time right before we start streaming. You'll know about five minutes before we start streaming before we go live So before we go live, you can you can go to the bathroom. You can go get some juice You can go to Wendy's real quick. You can go do whatever So I'll be trying to tell y'all man I'll be trying to tell y'all The reddit didn't work. We talked about a reddit was definitely working.  Everybody was on reddit tonight. Everybody was on reddit tonight So everybody was on there You must have done something wrong man. You should have hit me up during the game Well, I don't even know if I really checked my Instagram during the game We should have hit me up on Twitter or something though. I was on Twitter for sure But um, yeah reddit was definitely working But anyway Perryman he did his thing RG3. I'm glad he hooked up with Perryman Lamar Jackson did his thing Of course flacko definitely did his thing tonight. He looked great. Yeah, I'll make sure I leave a like on the video And again follow on Twitter follow on Twitter. So you don't miss anything To do you you won't use anything. You won't miss anything. Oh my bro. I just downloaded that I just downloaded that two days ago Oh, yeah, what? Yeah, Woodrum didn't play at all.  I hope somebody picks them up still I'm rooting for Woodrum but um, anyway, uh Who else Tim Williams who talked about him he did his thing cheese Um Who else yeah, those two backup running backs Gus is a Gus Edwards and Mark Thompson. I think those are two names. I always forget Those two running backs did their thing Leslie didn't really shine Jalil Scott. No Chris Moore. He caught that catch What's his name to caught that catch? One second again, y'all All right, we back again. So, uh, oh generic and grand generic and grand as a returner. He was definitely doing this thing He definitely did his thing tonight. Tim white being hurt is not helping him at all That's that's not gonna help him He's got oh, I don't know what's going on with him, but Tim white being hurt is hurting him his roster position He's got he's got to be careful man He has got to be Careful he got to be Because if he's hurt They could end up putting them on IR again, even if it's not a serious injury just like a stash him Or they could end up Putting them on a practice squad and he ends up go gone because somebody picks them up So hopefully he can get healthy and make and make the decision I Don't because I don't want any Raven decision this year To come down to injuries I want Raven's decisions to be tough Meaning they had to pick the player based off of who they felt was the best fit for the team I don't want it to be where oh since this guy got hurt then oh, you get a chance and you made the roster So hopefully with Tim white Hopefully he can be healthier. So again, they they can make it hard They can make it tough So we'll see what happens Um, Kennedy he had that nice pick right before halftime. That was a beautiful one. Um Kofusi Kofusi, I still don't think he makes the team but he had a nice sack Um, uh, what is it? What is his name sizler? See I forget the the the last pick of the draft this year You better drink your juice Carter That's the last of the juice. So you better not waste it Thank you my son. That's why I love you I had to tell Carter man he Because he was getting ready to spit out his juice.  Okay, perfect um, so, yeah, it's You're charging That's what the ravers did too. They charged They charged They sure did charge see Carter still hyped over the game. I'm kind of tired. Um, these No, right them Ravens games can make you tired, especially if you're not rigged most of the pre-season Well, you know what pre-season games Pre-season games and the regular games they can make you tired They can make you really tired I don't know if that happens to y'all too, but I can get tired from some of these games. But anyway, um, yeah Yeah, I think there's his going to the browns. I think he's definitely going to the browns Um, I said that in a video earlier Uh, but before he said that he was going to visit the browns. I really think he's going there I think he's going to play in Cleveland. That's it. Joe looked to hear some crabtree a lot Now crabtree only caught he well, he he got thrown at twice or twice and a half, but one of the passes was like way over his head um Suquam Barkley, I didn't see him. I didn't see Suquam bought it. I didn't watch any other games Somebody had actually asked me on twitter.  No I was only focused on this one Hey, that's what it is Charles He said Ravens games can leave you emotionally physically and mentally drained. We're used to it. That's true, man That's true. These things they weigh you out They weigh you out. What's up, Jay Hand?   I say a one year I'ma go with a one year four million dollar deal One year four mil so Whatever, we'll see we'll see how it goes down, but um This game was over. We talked that we covered most of the stuff during halftime already. Um, but Yeah, he said Ravens games have his hair thinning all of us man. I mean you see my hair I barely got any up there left so These Ravens games. Oh boy, they just they take the life out of you Even games like these, but it's all good man. Um, no, there's ain't coming to the Ravens He is I think he's going to the Browns. I feel like it's a done deal Um, so we'll see how long it takes for him to get to the Browns, but I think he's definitely going to the Browns He said Perry man looking like Julio Perry man, that was a nice catch by Perry man Nice catching the back of the end zone and the best thing about it was that he caught it and he caught it with The guy draped over and again like I said earlier That was the Perry man that we saw before that was the Perry man from his second year His second year in the league that was the Perry man from then So with that being said, hopefully he continues man Because Perry man is somebody he got speed. He got size and he he makes the hard catches But it's the easy catches that he be dropping It's the easy ones it's always the easy ones so We'll see how it works out. Anyway Carter keeps pulling my arm. So I'm gonna go now Um, Carter you want to say bye to team keep it clean say bye Say bye No, you don't want to say bye. Look say look Say bye Say see you later Bye team keep it clean See you guys later. Say make sure you subscribe No, say make sure you subscribe Okay, my baby boy is tired. So appreciate y'all. Thank you for watching I'll see you guys tomorrow Yeah, tomorrow. I was about to say maybe later tonight, but no, probably not. I appreciate y'all man. We out


What are some like examples of multi-sensory stimming? Because we've talked about stimming in sort of isolated instances like, you know, you do this and this is a visual stim and you do this, this is a auditory stim. Obviously, senses are not that sort of simple and straightforward and a lot of the time it's a combination of different things. So what kind of, how would you, how do you go about explaining multi-sensory stimming and what are your sort of favorite things to do? So I think a great example of a multi-sensory stim that's good to start with is someone twirling in a circle with their eyes open.  So like sometimes people like in ballet, for example, when you spin, you spot. So you look at the same spot on the wall. And then you switch round and then you still look at it again and yeah.  Now if you spin and you're not spotting, it's going to be a lot of visual input. I've never heard anyone talk about that before. I absolutely love that. Yeah. So that would be a vestibular and visual stim. And then for me, I like to do that. And I also like to add listening to the same song on repeat while I do it. So that's a visual vestibular auditory stem. And I think that other ones could be maybe if you, if a person has a weighted multi-textured plushie that they like to hold, that would be a touch paste and a proprioceptive stem at the same time. Also an audio visual stem would be listening to the same song on repeat while looking at a music visualizer. A stem that could be focused on smell and taste would be something that has a lot of fragrant spices that we eat again and again and again and again, like lots of bites of and or multiple times in the day, we only eat that same fragrant, spicy food that would be smell and taste to me. And do you find that when when you combine different stems, is it something that helps you regulate more or gives gives you more joy? Or do you think it's very sort of dependent on like, because I know sometimes for me, especially if I'm hit by lots of different things with different that kind of what does it stimulate me in a lot of the like hypersensitive senses that I have, I can find it quite jarring sometimes. Good day, viewers and listeners. Apologies for my very rude introduction to our regularly scheduled broadcast. I just want to remind you that if you have enjoyed the podcast thus far, please make sure to rate, subscribe, like, comment and share. All of these actions are pretty much the lifeblood of a small independent creator like myself. And it will help me get most of my work, more of my work to people who really need it. If you want to stay up to date with my life, get behind the scenes content, check out my daily blogs, head over to the Instagram at Thomas Henley UK. You'll find a link to that down in the description, alongside my range of neurodiversity clothing, just like this strong, powerful autistic hoodie. I love so much. And my website, of course, where you can find a contact email to book me for one to one orders and coaching interviews, workplace training and speaking. So thank you very much for listening to this very annoying self advert. And I hope you enjoy the rest of the show. Whoo, like the effect that it has to do that. Yeah, I would say that it depends on the state of mind that I'm in. So if I'm looking for a calming stem, I tend to just want to do like close my eyes, listen to the same song and repeat. But I might, if I am maybe just like not as shaken up, and I just need to like stay in the zone and kind of just regulate a little bit. I will listen to a really, really loud song and repeat while drinking a hot drink. And that's like keeping me really focused in on the sensory input. And then I can calm the whatever rattling thing happened to me prior. I would not want to do that if I'm actually in an overstimulating environment at the time. So if I'm in a very overstimulating environment, I'll just rock back and forth. I'm not about to like plug in my headphones, blast heavy metal, rock back and forth and like, eat a spicy food all at the same time. I'm just going to be rocking back and forth. Yeah. So that's really interesting. I think it's definitely something that I need to think about a lot more because, you know, for me, anxiety, overwhelm, stress, it's pretty much like a constant battle every day for me. And I'm always trying to kind of think of different ways to sort of see myself in that way. That sounds weird. I think it sounds perfectly okay. Yeah, it's just me.


Hello and welcome to the session. This is Professor Farhad. In this session we would look at foreign tax credit and this will be part one of two. I will have two parts for the foreign tax credit. If you really want to cover the foreign tax credit you could have five different parts, but this part will be the basic. In the next session I will work a little bit further with multi-branch situation. This topic is covered in international accounting or taxation course also covered on the CPA exam as well as the ACCA exam. As always I would like to remind you to connect with me only then if you haven't done so. YouTube is where I house my 1500 plus accounting, auditing, tax and finance lectures. Here's a list of all the courses that I cover. Please check out my YouTube. On my website I do have additional resources where you have the PowerPoint slides, notes, multiple choice questions, true false questions, 2000 CPA questions. I strongly suggest you check out my website. StudyPal.co is an artificial intelligence driven study body platform that matches you with a CPA, CFA or any other for any other test prep candidate. They are located in 85 countries and 2800 cities. What are the prior sessions that are helpful for this session? You need to know the difference between you need to know about branch income, US branch income. You need to know about controlled foreign corporation and sub-chapter F income. I do have the link for any prerequisite in the description. If you don't find the link please email me. Let's talk about foreign tax credits. That's the basic idea of this chapter. Well, we learned from prior chapter and this is why from prior lessons that foreign branch income and foreign subsidiary sub-chapter F income must be included in the US taxable income in the year earned. Now, in determining the net US tax liability on these sources because they are taxable, US companies are allowed to either, so because you don't want to be double taxed, you're either allowed a deduction notice. This is a deduction on all foreign taxes paid on the related foreign income or a credit. So here I'm going to highlight those two words because they mean two different things. You could either get a credit or you could either get a deduction. The deduction will be for all the taxes paid that are related to your business, to that foreign income business, and the credit is for income taxes paid on the foreign income. And we'll see how the difference between whether you took the deduction or the credit, which one is more beneficial for you than there's another overall limitation, but this is generally what you are allowed. So income taxes that are given credit for include withholding taxes on dividend, but sales tax, excise tax, and other type of tax are not included. So remember when you are going to be taking the tax credit, you're going to be taking tax credit on withholding taxes on dividend and income taxes. So basically the income taxes that you paid on your income and withholding on dividend. Unless, okay, unless the credit taxes other than income tax are substantial, it's more advantageous for a company to take the foreign tax credit rather than the tax deduction. Simply put, what are we saying here? In general, in general, companies end up taking credit. And you know, if you know anything about you at the US tax system, credits generally speaking are worth much more than deduction because credits give you dollar for a dollar refund or dollar for a dollar tax satisfaction versus a deduction. Well, if they give you a $100 deduction, okay, simply put, if you're paying 21%, you're going to get $21 in basically in benefit, but if they gave you $100 tax credit, guess what? That's mean $100 equal to $100 deduction. So the tax credit generally speaking, not generally speaking, they are worth more than deduction. And we'll look at an example anyhow. So let's take a look at an example. Assume a USD, which is a US company's foreign branch, earns income before income taxes of $100,000. Income taxes paid to the foreign government are $15,000. That's how much they paid in taxes. Sales and other taxes to the foreign government are $10,000. Now, this company must include $100,000 of foreign branch income in its US tax return and computing their US taxable income because this is what they have to include. Well, we're going to look at both options if they took the deduction versus the credit and determine which one is more beneficial. Let's take a look at this. Let's assume they want to go with the deduction. Well, their foreign source income is $100,000. This is how much they have to report minus the deduction on all foreign taxes paid. Now, we are dealing with the deduction. So the deduction, they paid $10,000 in sales and other taxes and $15,000 in income taxes. So all in all, they can deduct $25,000 from their taxable income. Their US taxable income becomes $75,000. They have to pay 21%. Well, foreign taxes paid for income, foreign tax credit. You can't take foreign tax credit because you took the deduction. So you cannot take both. So this basically doesn't apply for this example. Your liability in the US, you have to pay $15,750. Let's assume we use now the credit. Now, we're going to see if you used the credit option. Your foreign source income is $100,000. You cannot use the deduction. So this is nothing. US tax income before credit is 21%. So you have to pay to the US government 21,000. Now, the US government will give you $15,000 tax credit because you paid $15,000 tax credit on your income. Well, what end up to be your liability? Your liability end up to be $6,000. So clearly, as you can see, taking the tax credit is much more beneficial than taking the $25,000 deduction. So the deduction reduce your taxable income. The tax credit give you $1 for a dollar tax credit for the taxes that you paid overseas. So you cannot have both. You have to choose one. You cannot have both. So the foreign tax credit provide $1 for a dollar reduction, $1 for a dollar. This is the benefit of the tax credit for every dollar of income taxes paid to the foreign government. The company is allowed a dollar reduction in the amount of income taxes paid to the US government. So you paid $15,000, we're going to give you a credit of $15,000. Now, there is a limitation for that credit. We're going to talk about the limitation shortly, but this is the overall idea. So simply put in this example, the foreign tax credit result in a considerably less US tax liability than a deduction. Okay. In the case of foreign branch income, the credit allowed known as a direct foreign tax credit because the company is giving credit for taxes, it paid directly to the foreign government. So simply put, it's called direct foreign income tax. We used to have an indirect foreign income tax, but we no longer have it. Prior to 2018, foreign subsidiaries income was taxed in the United States when dividend were paid by the foreign subsidiary to the US, to the US parent company. This is before the Tax Cuts and Jobs Act. When that existed, dividend paid from foreign sources were included in the calculation of the US taxable income and an indirect foreign tax credit, indirect foreign tax credit was allowed to the foreign taxes actually paid by the foreign subsidiary, but deemed to have been paid by the US government. So they used to say, okay, once we bring the income, we're going to deem that you have paid the taxes and here's your credit. That's that no longer exists because you know, now we exempt an income by exempting dividend received from foreign subsidiaries from the US taxation beginning in 2018. The tax cuts and jobs acts also eliminated this indirect foreign tax credit. Simply put, there is no more indirect foreign tax credit because now you can bring your money, the dividend, you can pay dividend and you can get you can get a dividend received reduction, which did not exist before within certain limitation view my related lecture to that topic. So the computation of a foreign tax credit, as I told you, you are allowed either a deduction or a credit, but you are limited. So it's not like every dollar you pay overseas, you're going to get a credit for it. Let's look at the overall, overall limitation. The rules governing the calculation of the direct tax foreign direct foreign tax credit are very complex, but we're going to try to simplify it. The foreign tax credit is allowed equal to the amount lower off. So this is what you are limited by the actual taxes paid by the by the four to the foreign government, what you actually paid, or the amount of taxes that would have been paid if the income has been earned in the US. So they compare two things. They would say, this is how much you actually paid. You actually paid $3,000. If that income was, was, was earned in the US, you would have paid $2,500. So they would only give you credit for $2,500, the lower of these two, or let's assume you paid $5,000 and the amount of taxes paid. If you earn this in the US, it's $6,000 that you would only get what you actually paid. Okay, you get credit for you actually paid. So keep that in mind. And it's pretty, pretty straightforward. Number two here, the amount taxes that you would have paid can be computed by multiplying the amount of foreign sources taxable income by the US corporate rate. And this is easy. It used to be much more difficult because now it's 21%. This is how you find out. And this is known as the overall foreign tax credit limitation. This is the limitation. Simply put, the US will not allow you a foreign tax credit greater than the amount of taxes that would have been paid in the US. So simply put, you paid more taxes overseas, we are not going to give you credit for that. Simply put, if they do give you credit, it's like as if they are giving you a refund for taxes you paid overseas. So they will give you the credit up to what would they have been, what you would have been charged if that income was earned in the US. Okay, so to allow a foreign tax credit greater than the amount of taxes that would have been paid in the US, this would technically, what we're saying the US government is is giving you a refund for higher taxes paid in foreign countries. And that's not going to happen. Okay, so, so I want to make sure you understand the overall foreign tax credit is you can pay as many taxes as you want to overseas. But when the only credit the US government will give you is they would say, okay, if you earned this income in the US, this would have been your taxes. And this is the credit that we will give you. Okay, so they're going to give you a refund for taxes paid overseas. So this is how you compute the overall limitation, you will take your foreign source taxable income divided by your worldwide taxable income multiplied by the US taxes before the foreign tax credit, whatever that numbers are, I'm going to look at it would look at an example. So the overall foreign tax limit, a foreign tax credit limitation must be computed separately for foreign branch income and controlled foreign corporation sub chapter F income. So you have to compute that separately for each one of these incomes. Let's take a look at an example in the next session we'll cover more, we'll cover this topic a little bit more. So let's take a look at an example. Assume that two different US based companies have foreign branches. Alpha has a branch in country A and Zeta has a branch in country C. The amount of income before taxes earned for each branch is as follows. So here's the amount of income for a 100,000 for Zeta 100,000. The branch in country A paid 11% in taxes, which is $11,000. The branch in country Z paid 23% taxes, which is $23,000. Now both companies Alpha and Zeta would report 100,000 of foreign branch income on the US tax return and each will determine their tax liability in the US, which is 21%. So in the US they have to pay $1,000. For both companies, $21,000 is the amount of US taxes that would have been paid if the foreign branch income has been earned in the US. If you earn this $100,000 in the US, you would pay us $21,000. Well, this is going to give us the overall foreign tax limitation for each company. So each company could have a credit up to $21,000. So here's what's going to happen. Alpha is going to compare their tax, their income tax paid, which is $11,000, to the government of country A and with the limitation of $21,000. Obviously they're going to be short. They're going to take, they're going to give them credit of the two. So you're going to, you're going to get credit for $11,000, but you still have to pay the US an additional $10,000. Zeta compared their actual taxes paid to the government in country Z with the limitation of $21,000. So notice here, they paid a little bit more. So you can only get credit for the lower of these two. The lower of these two is $21,000. Simply put, this is what the picture would look like. Alpha, US taxable income $100,000. In the US they would pay 21% or $21,000. They're going to give them a credit. They're going to get a 100% credit for all the taxes paid because it's less than 21%. They are still responsible for paying 10,000. Zeta company, their income, US taxable income is $100,000. Their taxes in the US is $21,000. The US government, it's going to give them a tax credit for $21,000, no more than that and therefore they have no tax liability in the US. Matter of fact, they have an additional $2,000. It's called access foreign tax credit and we'll talk about this in a moment. So notice Zeta, they have an additional $2,000. We're going to see in a moment what we can do with this $2,000. So Alpha has an US tax liability after the foreign tax credit of $10,000, which is an additional 10% because they have to $10,000 plus $11,000 equal $21,000. The US requires Alpha to pay an effective tax rate of 21%. Simply put, you have to pay 21% or have paid 21% of the foreign country. The Z company, Zeta has no tax liability after the foreign tax credit because we paid enough. Now, but Zeta has already paid more than the US tax rate in country C, so no additional taxes will be paid. Instead, the $2,000 difference between the $23,000 and the $21,000 allowed is called access foreign tax credit. What can we do with this access foreign tax credit? Access foreign tax credit may be used to offset additional taxes paid to the US United States on foreign income in the years in which the foreign tax rate are lower than the US tax rate. So this is what the access tax credit is created. You paid a little bit more than what you should have paid in the US. So what can you do with this access foreign tax credit? You can carry it back one year. The company applies for a refund for additional taxes paid to the US on foreign income in the prior year. Again, you can file an amendment, go back the prior year and if you had foreign source income and you had to pay taxes, you can ask for a refund to use it to get a refund or if you don't have anything in the prior year, you can carry it up to 10 years. The company reduce your future US tax liability in the event that additional taxes must be paid on foreign source income. So this credit only can be used against foreign source income, not for any income. That will be nice. But again, if they do give you credit, it means they are giving you credit for taxes paid in a foreign country. They would only give you credit against foreign source income in the future if that's the case. So in effect, the access foreign tax credit can be used only if in the previous year or in the next 10 years, the average foreign tax rate paid by the US company is less than the US tax rate. So in the next 10 years, if your average tax rate is lower, then you could use that credit. That credit will kick in. Now we need to talk a little bit more about the credit and the only way we can illustrate the concept of this foreign tax credit and the benefit of it is to look at part two. This will be part two. As always, please connect with me, check out my website for additional lectures and additional resources and subscribe to my videos, like them, share them, put them in the playlist. Thank you very much and good luck.


boot or a die zone and Ilya is going to tell us what the products you have at the boot. For sure. So yeah, so this is our company's name is Sensel and we develop basically a new type of touch sensitive touch sensor which is force sensitive and so you can see as I put my hand down on the sensor we pick up a really high dynamic range of forces that's applied and we sense force per finger so we know exactly how much force each individual finger is applying and the shape of that force. We're also able to pick up any object our technology is not capacitive it's actually purely force sensitive so I can pick up this water bottle as an example I can see the actual force points at the bottom of the bottle all of these points I can pick up a paint brush or a stylus I can pick up like the back of the stylus and so basically the technology opens up a lot of new possibilities for ways to interact with your devices and it's also not sensitive to water to moisture you can operate it with gloves so it really kind of enables lots of new applications and one of the things we're showing here at IZone for the first time is the ability to integrate with displays so we can integrate with flexible OLED displays this is our sensor actually underneath a flexible OLED and you can see we get full multi-touch with force per finger we can also integrate with e-ink displays so here we have a sensor below an e-ink display and we're sensing right through that sensor or that display. So looks like it's pretty versatile right it could be used in many many different applications so tell us like you know what what you're targeting initially because I mean I think as you're showcasing could be used as a keyboard or on top of a display for sure and it seems like the market's very interesting now in touch being used very widely so tell us a little bit about what you're trying to get from what products you're trying to work on and what you're trying to get out of ISO. Yeah so in terms of the types of products we can integrate into there's kind of standalone trackpads and interfaces this is our own device which we're shipping directly to consumers which is kind of a versatile music slash art slash gaming interface so this is a piano you can take this off replace it with an mpc controller for music production we have keyboards as an example so this is a QWERTY keyboard with a tactile buttons and this will work as an iPad accessory as a laptop accessory etc so that's one class of devices that we can support is like a standalone device the other area is trackpads so we have reference designs for various size trackpads to replace you know replace this capacitive touch sensor with a force sensitive touch sensor and we can do full palm rest we can do the full surface and then the third area is display integration so we're exploring partnerships with display OEMs that are looking to add force sensitivity to their to their phones and their tablets etc okay excellent tell us a little bit about how your experience being at ISO I know it started this morning but how is the reception being so far and then what kind of feedback you're getting? It's been fantastic I mean the booth's been full all day and we've been just kind of just non-stop answering lots of questions I think no one's really ever seen this type of technology before so we're getting a lot of a lot of like oh my god I can't believe you can sense this kind of responses so it's been great okay excellent good luck thank you so much thank you thank you


Record keeping for any contribution made in cash regardless of the amount you must maintain as a record of the contribution a bank Record such as cancel check or credit card statement or a written record from the charity So the written record must include the name of the charity date and the amount of the Contribution if you made contributions through payroll deduction see publication 5 to 6 for information on the records You must keep don't attach the record to your tax return instead keep it and your other tax records We talked about that before the prior line for for contributions of two hundred and fifty dollars or more You must also have a Contemporaneous written acknowledgement from the charitable organization see gifts of two hundred and fifty or more earlier that we talked about You will still need to keep a record of when you made the cash contribution if the Contemporaneous written acknowledgement doesn't include that information Qualified contributions and general you can elect to treat gifts by cash or check as qualified contributions if the gift was paid in 2022 to a qualified charitable organization The select election isn't available for contributions to an organization described in IRC 509 a 3 or for once one more time This election isn't available for contributions to an organization described in IRC in total revenue code 509 a 3 or for the establishment of a new or maintenance of an existing donor Advised fund for more details there you can see publication 5 to 6 and Qualified contributions are not subject to a limit based on a percentage of adjusted gross income However, certain limits may apply if your qualified contributions are more than the amount on form 1040 or 1040 s r line 11 I believe that's the agi minus all other allowable contributions for details you could see publication 5 to 6 Include any contributions that you elect to treat as qualified contributions and the total amount reported on line 11 Indicate the election by also entering the amount of your qualified Contributions on the diet line next to line 11 entry space line 12 other than by cash or check So enter on line 12 the total value of your contribution of property other than by cash or check Unless a limit on deducting gifts applies to you So now we've got other formats that we're giving gifts and not just cash for the check So for more information about the limits on deducting gifts see a limit on the amounts You can deduct earlier if your deduction is limited you may have to carry to the next year So we got that carry forward thing once again deduction for gifts other than by cash or check limited If your duck deduction for the contribution of property other than by cash or check is limited You can see publication 5 to 6 to figure the amount you can deduct only enter on line 12 The deductible value of your contribution as property other than by cash or check valuing contributions of used items, so here's a common issue that comes up. I'm well, it's a used item I don't know what what the value is of it. It's a used thing So if you gave it used items such as clothing or furniture furniture Deduct their fair market value at the time you gave them fair market value is what a willing buyer would pay a willing Seller when neither has to buy or sell and both are aware of the Conditions of the sale so that although makes sense like in theory is difficult to know Because how do you know what a willing buyer and a willing seller would if I knew what a willing buyer would pay for it? I would be selling it to the willing buyer and whatnot So it's so you're gonna have to do some Estimation right there so for more details on determining the value of the donated property You could see publication 5 6 1 so that's always a frustrating kind of component when you've got these gifts to charity of like clothing and stuff So deduction more than $500 if the amount of your deduction is more than $500 You must complete and attach form a to a 3 for this purpose the quote amount of your deduction End quote means your deduction before applying any income limits that could result in a carryover of contributions


We're going to talk about visual physiology in this video, like how do we actually see? So the key is that we have to get, you know, the photons of light that are bouncing off the things that we're looking out in the world have to get to our photoreceptors. We have a whole system designed to do that, and then we'll talk about what happens once those rods and cones are stimulated. So the beginning here is light has to be bent, light has to be bent or refracted as it passes through the eye. So normally when we think about bending of light rays, we think of the lens, but about 70% of this light refraction is actually occurring by the cornea and the aqueous humor of the eye. The lens, which is full of these cool transparent proteins called crystallines, it's going to do the rest of the job. It's going to finish off the refraction or bending of light rays to focus the image on the retina, on the photoreceptors. And I'll talk in the next video what happens if that doesn't work, where you're going to be near sighted or far sighted. So the lens's job is to focus a visual image on these photoreceptors. So the lens provides that extra bit of refraction we need after the photons of light from the image have already gone through the cornea and the clear aqueous humor. All right, so the lens will change shape in order to do that, depending on what we're looking at, right? The idea of accommodation, looking at far and near images, it takes a different shape lens to do those things. A flat lens is good for far vision. A more rounded or thicker lens is good for near vision. Okay, so we've gotten the image that we're looking at through our cornea, aqueous humor. It's gone through the pupil, right? That opening, depending on how much light there is, the lens has finished off that refraction. And now the signal is traveled through the posterior chamber of the eye, which is full of that clear, vitreous humor. So notice the word clear or transparent constantly. Everything has to be clear. Or also we're looking at can't reach these photoreceptors. So here's the photoreceptors. I've already done a separate video on them. But as big picture, we have rods and cones. Rods doesn't take very much light to stimulate them, but they don't discern color at all. Rods see the world in grayscale, and they're also not very clear. So if you're in a low light situation, rods are quickly important. They'll sense shadows and movement and diffuse edges. You can tell some things there, but not exactly sure what it is. Cones need a lot more light to work. That's their big downside. But they can see things in colors, right? Using the three different types of cones we have, red, green, and blue, we can see up to a million different colors. And they see clear edges, defined edges. So if you want to clearly see something, it takes a lot of light to trigger these cones. And if you don't have one or more of these cones, you would be color blind. So you can go back and watch this other video about rods and cones there. So once these photoreceptors are actually triggered, now the visual pathway is going to begin. So the visual pathway begins at these photoreceptors. Now real quickly, not a big deal, but you'll notice light's coming from the bottom. Light actually travels through where the ganglion and bipolar cells are to strike the photoreceptors, and then the signal actually gets sent back. It's kind of weird. It's almost like the eye is backwards there. But once this message triggers the photoreceptors, it's going to synapse in two places, from the photoreceptors to those bipolar cells, then the bipolar cells to the ganglion cells. And I covered the two different types of ganglion cells in that rod and code video as well. So this message has to cross those two synapses. So from the rods and cones to the bipolar cells to the ganglion cells, these ganglion cells are going to collect there and converge on the optic disc, which is called your blind spot because there's no photoreceptors there. And they're going to travel through the wall of the eye and they'll proceed here, as you can see, as cranial nerve three, the optic nerve. So the optic nerve is going to travel, and it's going to, you're going to reach that optic chiasm, which is in the diencephalon. So you'll notice there that at the optic chiasm, only some of the nerves cross. They don't actually all cross. So the optic chiasm is where some of these nerves are going to cross. Now, after the optic chiasm, these bundles of neurons are now called the optic tract. This has to do with the fact that the word nerve is used with the peripheral nervous system, tract with a central nervous system. So the optic tract is going to carry information from the eyes to really three different locations. So most of it's going to go to the thalamus, specifically, as you can see here, the lateral geniculate, geniculate, hard saying, lateral geniculate nucleus of the thalamus. And that's going to be the relay center that's going to send the information on to the visual cortex in the occipital lobe. So that's one place it's going. But then some of this information is also going to the superior colliculus, which helps track movement. So it's how we track moving targets, these kinds of things. And then lastly, a very small number of these retinal ganglion cells are going to project to the suprachiasmatic nucleus of the hypothalamus. And that's going to, these do not actually perceive images. They're photosensitive. They can tell if it's light or not, but they don't actually tell you what you're looking at. So the presence or absence of light is going to tell your hypothalamus, basically what time of day it is and how long the days are. So the suprachiasmatic nucleus takes this information and uses it to set your day-night cycles, your circadian rhythms. Now that's great for most of you in history. That's great. And I won't go into it all in detail here. But the problem now is we use so much technology and we have so much light that even at midnight, your brain can be convinced that it's new, right? And that is a problem. Okay, so we've talked about how we've gone from the image traveling through the eye to the retina. We've talked about how the retina has these photoreceptors that are going to send the signal to the bipolar cells, ganglion cells. They're going to leave the eye and become the optic nerve. At the optic chiasm, some of them will cross. We'll talk about why they all don't at the end of this video. Most of those nerve signals are going to the lateral geniculate nucleus of the thalamus where they're going to be relayed onto the visual cortex and the occipital lobe. Some go to the colliculus for tracking movement and then some go to this suprachiasmatic nucleus to tell you what time of day it is. But now we're actually at the conscious mind here, the visual cortex. So notice we have these what are called combined fields of vision because when you're looking at something, the left side of both eyes are going to send information to the right side of the brain. And the right side of both eyes are sending information to the left side of the brain. So you'll notice that some of these nerves are going to cross and some do not. So you see the purple and green here. Everything you're looking at with the photoreceptors that are purple are going to end up on the left side of the brain. Everything it's green on the right side of the brain. So we need two eyes to see things clearly because everything we're looking at is actually a combination of both eyes looking at them. So some of these nerves do not cross which is very rare in the nervous system. So why do we need two eyes? This binocular vision, the key is that it gives us our depth perception, right? The left, the images that are entering the brain from the left and right eye, we can put that information together and figure out about how far something is away. So I wanted to talk about why do images show up in reverse, upside down and backwards? So I've got a picture of all over here it is kindergarten graduation. So light from the top of an image hits the bottom of the retina. Light from the bottom of an image hits the top of the retina. Light from the left side of an image hits the right side of the retina. And light from the right side of an image hits the left side of the retina. I think I get you get where I'm going here. So the image is going to be reversed upside down and backwards because what was on the top of an image hits the bottom of the retina and was on the left side of an image hits the right side of the retina. So actually the retina At the retina, this image of Oliver is going to look like this. It's going to be upside down and backwards. It's going to be reversed. And you see that with everything. So here we see our field of view. So notice that the image striking the retina is reversed upside down and backwards.  And it has to figure out what's coming from the left visual field and right visual field. And it turns it into a picture that we can see. And then your brain will integrate that image and put the two fields of view together and then flip it back around so you're seeing it normally. OK, so that's why images strike the retina upside down and backwards. All right, lots of stuff going on there, I get it. But this is how we see this. This is our visual physiology. I hope this helps. Have a wonderful day. Be blessed.


Live from the Mandalay Convention Center in Las Vegas, Nevada, it's theCUBE at IBM Insight 2014. Here are your hosts, John Furrier and Dave Vellante. Okay, welcome back everyone. We are here live in Las Vegas. This is theCUBE, our flagship program. We go out to the events and instruct the students on noise. I'm John Furrier, the co-founder of Silicon Angle. I mean, my joy, my co-host Dave Vellante, chief analyst at Wikibon.org, also co-founder of Silicon Angle Media. Our next guest is Mark Altschuler, Vice President and Product Management of Business Analytics at IBM. His baby is Watson Analytics, which is the hit of the show. Mark, welcome to theCUBE. Hey, thanks guys. Really appreciate being here and the invitation. So you came to IBM through a startup and you're still hanging around. So they've got some exciting things going. That's a true test, by the way, of company culture. Startups come in, they stay. That's part of IBM's playbook. I mean, you're attracted to great projects. You run product management, which is you're the captain of the ship on the product features. So, what's it like?  So you feel popular? You got haters out there internally? Customers wanted faster? Come on, nine months, go move faster. Everyone wants it, everyone loves it. It's transformational, it's revolutionary, it's a game changer. And for me, I've spent my whole career in analytics, right out of school, right from implementing solutions, using solutions. As you mentioned, starting my own company around these types of solutions, this is the coolest, most exciting thing I've ever worked on. So Watson, obviously known for jeopardy, the big gimmick in the marketing tactic, but now it's really been operationalized into a product. That's what you do. Big news this week on CNN, BBC, Watson's helping in the Ebola virus. Again, this is the real world application of having really good analytics. Again, those are very sexy, notable, newsworthy items. Take us into the weeds a little bit, so the day-to-day value. The stuff down into the long tail, down into the customer base, into the applications. What is the secret sauce? What's going on? Give us a little feel for some of the day-to-day things going on with Watson. Yeah, so in this specific area, so Watson Analytics, Watson Analytics is in a space we're calling analytical discovery. So we've all seen the last few years data discovery as a very, very popular area. People taking a data set and trying to bring out some nice pretty visualizations based on that. This is saying there's a step in between. In between going from the data to the visualization, which says, what's actually interesting about my data? What are the insights within my data? What should I do because of my data before I'm ready to visualize that data? And we're doing that through predictive technologies that are embedded within Watson Analytics, through cognitive discovery technologies. So it's a really nice compliment throughout this solution in terms of being pretty meaningful to these clients, and it's targeting a persona we haven't targeted with this type of technology previously. So previously, you would take this to a data scientist, right? And we all know there's a shortage of data scientists out there, but you'd really take this type of solution to a data scientist, and you would ask them to bring out the interesting insights within the data that's apparent to them. We're taking this to line of business. Now, I will say it's going to be a mission, and it's going to take us, it's a journey in terms of really getting to the final endpoint of what we want this to be. But initially, we're describing that as someone who's comfortable with data, comfortable working in data, maybe it's a spreadsheet expert. They understand the basics of a relational reporting system, so they understand how to do a restriction or a filter or a subset, and they understand the basics of a relational database, meaning they know how to join two data sets together. If you have that skill set, and we think a lot of people do, this is going to be really exciting technology. So. But if I'm a more senior manager, I don't have that skill set. I can find people with that skill set. Probably, well, let's see. If you're going after a data scientist, they'd still have to find, well, they might have that skill set themselves. They might. Okay, but maybe not. Or they think they do, right? They always have their spreadsheet jockey, and you ask this person, do you have a data scientist? Better, I have the spreadsheet jockey. John over here, John's not a data scientist. John's just good in a spreadsheet, right? So there's definitely a shortage out there in the marketplace in terms of the people that have this very deep analytical skill set, and what's revolutionary about what we're doing is, and I've likened it to those old video games, you know, where you had the level one, who was the beginner user, the level two, the intermediate level three, the advanced. We're using that same paradigm in Watson Analytics. We're saying level one is that business user that's new to advanced analytics, and we want them to get value out of this, but all the way to level three, where we want to be a data scientist accelerator as well. So what do I mean by that? That level one person, they can go in and they can get enough information around whatever it is they're trying to solve. So maybe it's a CRM challenge around what drives win or loss, right? They can go in there and they'll actually be able to see, oh, here's the biggest driver of one or lost. They're going to walk in there with an assumption of, oh, it's the tenure of my reps, that's a big driver, this product's the big driver, but they're always going to have this assumption, and what Watson Analytics does is it challenges that assumption, right? And it actually brings out the deeper relationships that are really driving that product, and when you win with that product, and when you lose with that product. So we're going to give them a lot of interesting insight. High color. Yeah, we're going to give them a lot of interesting insight, but then the analytic journey aspect of it, we have these thumbnails in there where you can get into the data scientists type explorations, we'll tease them into it. If they don't want to go there, they don't have to go there. If they want to drill deeper and deeper and understand the underlying nature of this information, they can. Now, you also are responsible for the BI portfolio, so I'll call it traditional BI, historical, whatever you want to call it, but how does Watson fit into that? So the traditional BI, it's a multifaceted answer. The traditional BI always has a data pump into it, right? It's got a great data pump into it. You've got your data warehouse, it's feeding into traditional BI, it's trusted, it's governed, it's organized, it's normalized, and that makes it really prime for this type of analysis. It's ready to be able to be brought into this type of solution for us to bring out these deeper level of analytical insights. That's one aspect of it. The other aspect of it is, all right, you have these artifacts that you've created in traditional BI, you have these artifacts you create in Watson Analytics, how do you bring them all together? And actually, Watson Analytics does that through a board and tile interface, a technology we brought into Watson called Concert that we released probably about a year and a half ago, and it brings this modern interface with social, with collaboration, with mobile, so any form factor, and it does the boards and the tiles so that you can bring things from traditional BI together with things you've created in Watson Analytics and be able to see them on the same page. So I got to ask you, we were at the Duke World last week, and I think I heard the term data lake 100,000 times. You guys don't really use that term in your marketing anyway. John Furrier rolls his eyes every time he hears it, but customers are starting to use that phraseology. What does it mean to you? Is it a viable concept? We've been trying to get our hands around it, like is this real? Is this just marketing? What's the parlance you use and what does it actually mean in practice? Yeah, it's viable and I guess maybe there's some people that like the term and some people that don't. I'm comfortable with the term, no problem with the term. Very viable, very much part of this architecture in terms of, so what I see is the issue and why these users are going out there and they're buying their own tools for discovery is it's really hard for them to access the data they want to use, right? It's not easy for them to get at it and even when they get at it, it's not easy to prepare that information and get it ready for the type of discovery they want to do. So what do they do? They go out and they grab their own data sets. They probably plug in a whole bunch of assumptions to those data sets as they're working with those data sets. They probably use pretty visualizations to mask the holes that might be within those data sets. They're probably getting out insights that are more informational versus insightful, but that's what they're able to do right now. What we want to do is unlock the value of the billions of dollars that have been invested in these data warehouse across all these organizations and be able to get that information to the users in a more readily accessible way. So I think the data lake is going to facilitate that for us. It allows these users and the paradigm we're using and maybe this closes the bridge for you, the paradigm we're using is a shop for data mentality. So being able to go out there, set up a data marketplace of internal and even external data, but internal data and allowing the users to go and shop for that data in a really easy, organized, pre-formatted way and being able to even see who else is using that data set, how popular is that data set? And we think the data lake concept plays really well into that, exactly. So it's transactional in that model. What's your boss looking at before the meeting that you're going into? Isn't that good? What report did he just read? So who's going to win the World Series? Tell us from Watson. I've got to place a bet down in the sports book before the game starts. Mind you, I'll expose. No, it's not hockey. That's the Bruins, by the way. Canadians, we're anti-monkey all phase. That's a good answer. No, but this is a good point. I want to talk about the go-to market. You guys have done nine months. I'm critical of it because we want it faster. We want Watson now. Ray Wang at Constellation Group is a very high praise of you guys. Amazing effort on nine months to get where you're at. Just the update, I mean, are you guys happy with nine months? I mean, obviously, Steve Mills is like, he wants it faster too. There's a lot of pressure. It's a lot of pressure. It's going really well. The beta's been opening up. We opened up to a number of customers that are here at Insight this week. We've got, going into the conference, I think I heard over 17,000 people signed up for the beta. With all the announcements at the concert, I'm sure we've popped over 20,000 people that have come into the beta. So it's going well. It's opening up right now. We are doing something, again, we're disrupting ourselves, but we're also disrupting the market. I talked about the disrupting ourselves side, but in terms of disrupting the market, we are bringing this out as a freemium model. And that's something that we're not used to or known for, I guess, at IBM. That's the newer concept for us. But we are really looking to get this in the hands of as many people as we can, and we're excited in terms of that type of approach to market. But in terms of going faster, yeah. I mean, the best spot to learn about the value of the tool is get it into the marketplace. Yeah, so beta is obviously an interesting thing. You want to go faster, but also on the product management side, you've probably got a long list of things you want to add to the feature list. So is the beta program with all the backlog and how you work the backlog? Does that have a function of you guys doing some assessment of sequencing the features out? Are you guys looking at it from that standpoint? And if yes, how long is the list and how do we get the beta? So I am the beneficiary of lots of people's hard work and this is one of the disruptive features of Watts Analytics. These technologies aren't new for us. The cognitive discovery, we actually started four years ago and it was in beta by itself to be its own product the last year and its own beta. The predictive data scientists in a box, it got released a year and a half ago into the market as its own product. We're now taking that and bundling this into here. So I've actually got very mature IP and what we're very focused on is the UI, UX harmonization and making it business user consumable. That's the last leg of this journey, but I'm not going out with immature technologies. I actually have a lot of maturity there. So the technology is good. So it's really more of de-risking the MVP, minimum viable product for entering the market. That's kind of where you're looking at. And I would call this an MVP plus. This thing's got lots of bells and whistles. So it's pretty rock solid. And that's the way people should do betas by the way. So you're cobbling together some internal technologies. How fast will we work the backlog on the data? Any, is there a process? I mean, people want to know the magic involved. And this initiative has a small army on it. It's a bigger development team I've ever worked on on any project. So we have resourced this appropriately. The team's working well together. The team is gelling well. In terms of the backlog going in at this point, again, we don't know what we don't know. We'll open up the beta. We're trying to do it in a sensible way. We're phasing the users in and probably 1,000 users kind of each day and kind of trying to get our lessons learned out of that. We've got a good infrastructure in terms of collecting the feedback from them. But it's very out of the box. Like it's not a toolset where you're going in and configuring anything. So there's very few fail points within the software. It's insights. Mark, we really appreciate you taking the time to come on theCUBE. We're excited for you guys. I'll give you the final word. Just bumper sticker Watson analytics. What is it for the folks out there that have been hearing about it? Might want to kick the tires. Give them the bottom line. What does the bumper sticker say about Watson? How would you communicate that? Yeah, it's the step between data and visualization. It's the analytical discovery. It's transformational. It's revolutionary. It's about taking it to a different persona. The business users that hasn't been able to historically get at this type of technology. Watson is the magic behind all the awesomeness around context computing and now cognitive computing, the human piece of it. This is theCUBE. Our part to bring that cognitive data to you, sharing that signal from the noise. This is theCUBE. We'll be right back live in Las Vegas for IBM Insight after this short break.


A lot can happen in a wiki minute, like the 60 seconds of everything that happens on wiki media projects. Or even the time it takes to answer, how is misinformation addressed on Wikipedia? Misinformation, which means incorrect or misleading information, has become a hot topic for all information providers. Wikipedia is updated 350 times a minute. Each of these edits must meet the site's standards of neutrality and reliability. To uphold these standards, Wikipedia's have developed systems and tools that include a feed with real-time edits that editors regularly review, bots that spot bad behavior and revert common mistakes, and oversight tools that more experienced editors can use to investigate troublesome edits. Above all is the tireless work done daily by volunteer editors and a commitment to transparency. For example, you can see every article's history from the moment it's created as well as debates about its content. That's what allows this moderation system to work. And that's how misinformation is addressed on Wikipedia in only a minute.