Extracting Company Profits To Invest In Property, Using Your Pension

Extracting Company Profits To Invest In Property, Using Your Pension

There are 4 principle type of pension that a person can take out. Indeed when you get talking to the tax and pension specialists, these options seem to multiply by the second. In the end you dont know whether you are coming or going.

I am going to focus on painting a picture to explain a tax efficient method for extracting company profit. This picture, could serve as the basis for a discussion with your financial advisor, and help you then make a more informed decision.

The two vehicles I would suggest are a Self Administered Pension Scheme (SAPS), combined with a pension mortgage.

How a Self Administered Pension Scheme (SAPS) works

Pension premiums paid by a company on behalf of a director are deducted as an expense against corporation tax.

If you are self employed, or are a director with more than a 5% shareholding in your company you can take up to 25% of your retirement fund in cash, tax free. Pension contributions are invested in funds, which grow tax free. This means that you are not liable for the 23% tax that other savings products incur.

The amount of money a company can pay into a pension plan on behalf of a director depends on your salary, the length of time you have been with the company and when you intend to retire. The amount of money which can be paid to a pension is very substantial and allows you to build up a large retirement fund, from which to pay off your mortgage. You can choose to retire any time between age 50 and 70.

The SAPS is probably the most flexible pension for company directors/ self employed. It does, however require a reasonably high level of contributions for it to be cost effective as set up costs tend to be 2,000 upwards and annual management fees around 1,000.

How a Pension Mortgage works.

On March 25th 2004 legislation changed to allow investors to combine the attractions of good quality property investment and related borrowings with the generous tax breaks afforded to pension plans.

A Pension Mortgage is one of the most tax efficient methods of repaying a home loan because customers utilize the cash value of a personal pension fund to repay the amount borrowed.

Some of the typical features of a pension mortgage are as follows;

  • The initial equity amount may be made up of a transfer value, single premium, or the first regular premium. Financial institutions will typically fund between 50% and 75% of the purchase price of the property.
  • All pension contributions can be offset against taxable income within Revenue approved funding limits.
  • Rents can be used to offset interest payments and as such are tax free.
  • A Pension mortgage is like an endowment mortgage, with only interest being paid on the loan.
  • You will probably be asked to take out a life policy to protect the lump sum in the event of death.
  • Investors have to remain at arms-length from any property invested in such a scheme, this means that they, or any person connected with them, may not utilize the property.

On exit from an investment, the property may be disposed of without capital gains and the capital can be put into an approved retirement fund.

This method provides tax relief not only on interest repayments but also on pension contributions (therefore, tax relief is also received on the capital repayments). In addition, the pension fund grows free of tax.

How you combine the two pension vehicles.

This means that a company director with more than 5% shareholding in their can use a pension mortgage to purchase a property in their own name, yet effectively have the company pay for it.

You take out a personal mortgage on which you make the interest payments. At the same time the company sets up your SAPS on your behalf which, at retirement, can be used to pay off the mortgage. The company receives full corporation tax relief on the pension contributions.

It is important that all aspects of the investment are looked at, including the potential for over-funding.

<div class=Pennsylvania state trooper found guilty of first-degree murder
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Pennsylvania state trooper found guilty of first-degree murder

Friday, March 20, 2009

In the United States, a suspended Pennsylvania state trooper has been convicted of first-degree murder for killing his girlfriend’s estranged husband.

Kevin Foley, 43, faces a mandatory life sentence without parole for slashing to death John Yelenic, a Blairsville dentist who was in the final stages of divorcing his wife, Michele. Foley’s attorney said he plans to appeal the decision. Prosecutors did not seek the death penalty.

Foley previously said he “loathed Dr. Yelenic” and asked another fellow trooper to help kill him. During his testimony, which lasted several hours, Foley claimed he was joking and had no true intention of carrying out the threat, but the Indiana County jury rejected that defense after about six hours of deliberations.

John Yelenic was found dead in his home on April 13, 2006, one day before he was planning on signing his divorce papers. Charges were brought against Foley in September 2007, more than 17 months after the murder.

Foley, who had been on suspension from the Pennsylvania State Police, was himself the final witness to take the stand Wednesday in the trial. Foley insisted he was innocent during his testimony, and even made jokes that the jury laughed at on a few occasions.

“I never made a threat with the intention of carrying it out,” Foley said under cross-examination by the prosecution.

When Senior Deputy Attorney General Anthony Krastek pressed Foley for what was funny about asking another state trooper to help him kill Yelenic, Foley answered, “There isn’t any joke. It’s just my personality, my behavior (with co-workers).”

Prosecutors said Foley killed Yelenic after going to the dentist’s house to confront him over the terms of the divorce. Prosecutors claim Foley slashed Yelenic several times with a knife and pushed his head through a small window. Yelenic bled to death.

“John has his justice tonight,” Mary Ann Clark, a cousin of Yelenic, told MSNBC. “John deserved this; he was the most wonderful person in the world. He died the most horrible death and tonight, this is his night. The system worked.”

Foley had been living with Michele Yelenic for two years at the time of the homicide. Prosecutors previously said Foley and Michele helped perpetuate rumors that Dr. Yelenic molested their son. John and Michele Yelenic had been separated in 2002. Michele Yelenic stood to collect Dr. Yelenic’s estate and a US$1 million life insurance policy, and could lose about $2,500 a month in support if the divorce was finalized, a Pennsylvania grand jury previously determined.

Michele Yelenic, who has not appeared at the trial, may face legal action herself, media reports indicated. A sentencing hearing for Foley is scheduled for June 1.

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<div class=‘Jelly bellies’ memo costs Florida police chief his job
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‘Jelly bellies’ memo costs Florida police chief his job

Thursday, November 2, 2006

Winter Haven, Florida police chief Paul Goward was tired of seeing fat hanging out over the belts of some of his officers. So he posted a memo to encourage the so-called ‘jelly bellies’ to get in shape.

The memo, entitled ‘Are You A Jelly Belly?’ didn’t single anyone out, and, apart from the title, didn’t call anyone names.

Goward, a former deputy police chief in Wichita, wrote “If you are unfit, do yourself and everyone else a favor. See a professional about a proper diet and a fitness training program, quit smoking, limit alcohol intake…Don’t mean to offend, this is just straight talk. I owe it to you.”

It provided a list of 10 reasons cops should get fit. Goward said that overweight cops poorly represent the profession, are liable to ‘poop out’ when chasing suspects, and may have to use a higher degree of force.

In the end, Goward resigned from his position as police chief.

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<div class=Jokela High School reopens after deadly multiple shooting
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Jokela High School reopens after deadly multiple shooting

Saturday, November 17, 2007

Jokela High School in Tuusula, Finland, scene of the Jokela school shooting, has recommenced classes. Earlier this month, student Pekka-Eric Auvinen, 18, fatally wounded eight people with his handgun before turning the weapon on himself in the country’s worst ever school shooting. He died later in hospital, having never regained consciousness.

All last week repair teams have been working to eradicate all traces of the event, with large numbers of bullet holes in walls and doors being filled in, broken windows and torn blinds being replaced, and total renovation of one corridor which Auvinen had attempted to set fire to.

Students had previously been permitted into the school last week, in order to collect belongings left behind as they rushed to evacuate the school. On Monday, the school’s 450 pupils began to attend temporary facilities set up at nearby Tuusula Primary School as well as the local church.

Tuusula spokeswoman Heidi Hagman told reporters yesterday that at first school days would be considerably shortened, adding “Today the students will spend time getting used to the renovated and repaired school area.

“Students and teachers are getting support from Red Cross crisis workers and psychologists during the first days of school.”

Esa Ukkola, head of education in Tuusula, spoke to reporters about the fact that students had been shown around the renovated school. “We need to show there is nobody lurking in the cupboards any more. We’re trying to have as normal a school day as possible. There are dozens of extra people to ensure we can do everything in small enough groups.”

The shooting has prompted public anger in Finland at the media attention directed to it, with a feeling that it undermines the placid reputation of the country. People have questioned the decision of a survey last month to designate Finland as the world’s “most livable country”. Psycho-social service manager Anna Cantell-Forsbom from nearby Vantaa has spoken out about her view that the shooting was mainly caused by a lack of psychiatric care available to the Finnish youth and therefore did not reflect on Finnish society. The shooting has also prompted a move by the Finnish government to raise the legal age for gun ownership from 15 years to 18 years.

Finland is expected to set up a commission of inquiry this week to investigate the murders. The government will set aside resources for the ministry of social affairs, health and education as well as the local municipality for the investigation. Meanwhile, local authorities have shown a four-year response plan to the government, asking for five million Euro to fund it. Half will go towards therapy and occupational guidance for affected residents, while the other half would go to school guidance counsellors, psychologists, school healthcare personnel and other experts. The ultimate goal of the plan is the complete recovery of those adversely affected by the shooting.

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Transference Of An Eu Registered Company To Bulgaria}

Transference Of An Eu Registered Company To Bulgaria}

Submitted by: Nelli Tascheva

The transference of an EU-registered companys main office to another EU member state, respectively Bulgaria, is possible under the following conditions:

– The company has been registered in accordance with the provisions of Council Regulation (EC) No 2157/2001 of 8th October 2001 on the Statute for a European Company (SE);

– Pursuant to Art. 8 of this Regulation, the registered office of the SE in accordance with its act of formation can be transferred to another Member State;

– The Bulgarian legislation, in conformity with the European law , allows the transference of the registered office of an EU-seated company to Bulgaria on the following conditions and upon submission of the respective documents as listed in Regulation ? 1 on the management, supervision and access to the Commercial Register.

In the event of transference of a European companys registered office from another member state to Bulgaria in accordance with Art. 8 of Council Regulation (EC) No 2157/2001 the application for registration with the Commercial Register must be submitted along with the following documents :

1. A Document proving the existence of the European company and certifying its actual legal standing, issued by the competent organ from its past place of business.

2. The Proposal of the Executive Body for transference of the registered office.

3. A Report by the Executive Body concerning the transference of the registered office.

4. A Resolution of the General Meeting of Shareholders concerning the transference of the registered office.

5.A Certificate pursuant to Art.8, para.8 of Council Regulation (EC) No 2157/2001.

6. A Statute for a European company (SE)

7. A Specimen of the signatures of the persons authorized to represent the company in accordance with Art. 235, para.3 of the Commerce Act.

8. A License or Permit for conducting a specific business activity in accordance with the effective Bulgarian law.

9. Other documents required by the Bulgarian law.

-Please note, that the Bulgarian legislation provides an opportunity for transference of the registered office only of a European company (SE) and of a European Cooperative Company, whose legal form is settled in Council Regulation (EC) ? 1435/2003. Regarding all other cases, there remains the possibility of setting up of a subsidiary of a foreign business entity in Bulgaria, succession by way of a merger, as well as establishing a new company with a registered address in Bulgaria pursuant the Bulgarian legislation.

Tascheva and Partner is a leading multi-disciplinary law partnership and a tax consultancy practice providing expertise in all areas of civil and commercial law to a client base of leading domestic and international companies and private individuals. Additionally the firm offers dispute resolution services and, if required, litigation before the Bulgarian courts. The firm was established in 1990 by attorneys Nelli Tascheva and Svetoslav Dimitrov to serve the needs of foreign and domestic investors and private individuals seeking an exceptionally high level of personal attention and client service.

In 2004, the firm created a specialized tax advice and accountancy department to compliment the firms core legal practice. Tascheva & Partner now offers a comprehensive service to its clients assisting on all legal and tax requirements as well as the economic and financial aspects of their business.

About the Author: Nelli Tascheva is a Managing Partner of Tascheva and Partner (

taschevapartner.com

). Her role is wide-ranging and in addition to her client work, she has particular responsibility for the partnership’s reputation and values.Nelli’s clients

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1424265&ca=Business}

<div class=Race to save Chilean miners trapped underground from spiralling into depression continues
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Race to save Chilean miners trapped underground from spiralling into depression continues

Thursday, September 2, 2010

It has emerged that the 33 Chilean miners trapped underground after the mine they were working in collapsed could be brought to the surface in a shorter time than was initially feared. While officials publicly announced that the men would not be brought to the surface until Christmas, sources inside technical meetings have revealed that they could in fact be on the surface by early November. The news comes as families were allowed to speak by radio-telephone to their trapped loved ones on Sunday. Over the weekend, video images filmed by the miners emerged showing the miners playing dominoes at a table and singing the Chilean national anthem. The miners also used the camera to send video messages to their families on the surface, saying that they regularly broke into tears, but were feeling better having received food and water.

The grainy nightvision images, filmed on a high definition camcorder that was sent down a small shaft to the mine, show the men in good spirits, chanting “long live Chile, and long live the miners.” They are unshaven and stripped to the waist because of the heat underground, and are seen wearing white clinical trousers that have been designed to keep them dry. Giving a guided tour of the area they are occupying, Mario Sepúlveda, one of the miners, explains they have a “little cup to brush our teeth”, and a place where they pray each day. “We have everything organized,” he tells the camera. Gesturing to the table in the center of the room, he says that “we meet here every day. We plan, we have assemblies here every day so that all the decisions we make are based on the thoughts of all 33.” Another unidentified miner asks to rescuers, “get us out of here soon, please.” A thermometer is shown in the video, reading 29.5C (85F).

As the film continues, it becomes evident that the miners have stuck a poster of a topless woman on the wall. The miners appear shy, and one man puts his hand to his face, presumably dazzled by the light mounted on the cameraman’s helmet. One miner sent a message to his family. “Be calm”, he says. “We’re going to get out of here. And we thank you from the bottom of our hearts for your efforts.” Another said that the miners are “sure that there are people here in Chile that are big people, that are powerful people, that are intelligent people, and they have the technology and they will all work together to get us out of here.” Speaking to the camera, one says: “we have had the great fortune that trapped in this mine there are good, professional people. We have electricians, we have mechanics, we have machine operators and we will let you know that while you are working to rescue us on the surface, we are down here ready to help you too.” It has been reported that Mario Gómez, 63, has become the group’s “spiritual leader”, having worked in the mines for over fifty years. He has requested that materials to build a shrine be sent down to the cavern.

Upon seeing the video in a private screening, family members, who are living in a small village of tents at the entrance to the San José copper-gold mine—which they have named Camp Hope—were elated. “He’s skinny, bearded and it was painful to see him with his head hanging down, but I am so happy to see him alive”, said Ruth Contreras, the mother of Carlos Bravo, who is trapped in the mine. The video, of which only a small portion has been released to the public, shows the miners, many of them wearing helmets, cracking jokes and thanking the rescuers for their continued efforts. The supplies are being sent to the men through a small shaft only twelve centimeters wide, and a laboratory has been set up with the purpose of designing collapsible cots and miniature sandwiches, which can be sent down such a narrow space.

CNN reported on Friday that “officials are splitting the men into two shifts so one group sleeps while the other works or has leisure time .. On average, each man has lost 22 pounds (10 kilograms) since they became trapped three weeks ago, and dehydration remains a threat. But a survey of the men indicates that at least nine miners are still too overweight to fit through the proposed rescue shaft. Initially, the miners survived by draining water from a water-cooled piece of equipment. To stay hydrated in the 90-degree mine, each miner must drink eight or nine pints of water per day.”

But while there are jubilant celebrations on the surface that the miners are alive, officials are now nervous that the miners could become depressed, trapped in a dark room the size of a small apartment. Chilean health minister Jaime Mañalich said that, on the video, he saw the telltale signs of depression. “They are more isolated, they don’t want to be on the screen, they are not eating well”, he said. “I would say depression is the correct word.” He said that doctors who had watched the video had observed the men suffering from “severe dermatological problems.” Dr. Rodrigo Figueroa, head of the trauma, stress and disaster unit at the Catholic University in Santiago, Chile, explained that “following the euphoria of being discovered, the normal psychological reaction would be for the men to collapse in a combination of fatigue and stress … People who are trained for emergencies – like these miners – tend to minimize their own needs or to ignore them. When it is time to ask for help, they don’t.” NASA has advised emergency workers that entertaining the miners would be a good idea. They are to be sent a television system complete with taped football matches. Another dilemma facing Mañalich is whether the miners should be permitted to smoke underground. While nicotine gum has been delivered to the miners, sending down cigarettes is a plan that has not been ruled out.

With the news that drilling of the main rescue tunnel was expected to begin on Monday, officials have informed the media that they hope to have the miners out of the mine by Christmas—but sources with access to technical meetings have suggested that the miners could actually be rescued by the first week of November. A news report described the rescue plan—”the main focus is a machine that bores straight down to 688m and creates a chimney-type duct that could be used to haul the miners out one by one in a rescue basket. A second drilling operation will attempt to intercept a mining tunnel at a depth of roughly 350m. The miners would then have to make their way through several miles of dark, muddy tunnels and meet the rescue drill at roughly the halfway point of their current depth of 688m.” Iván Viveros Aranas, a Chilean policeman working at Camp Hope, told reporters that Chile “has shown a unity regardless of religion or social class. You see people arriving here just to volunteer, they have no relation at all to these families.”

But over the weekend, The New York Times reported that the “miners who have astonished the world with their discipline a half-mile underground will have to aid their own escape — clearing 3,000 to 4,000 tons of rock that will fall as the rescue hole is drilled, the engineer in charge of drilling said Sunday … The work will require about a half-dozen men working in shifts 24 hours a day.” Andrés Sougarret, a senior engineer involved in operating the drill said that “the miners are going to have to take out all that material as it falls.”

The families of those trapped were allowed to speak to them by radio-telephone on Sunday—a possibility that brought reassurance both the miners and those on the surface. The Intendant of the Atacama Region, Ximena Matas, said that there had been “moments of great emotion.” She continued to say that the families “listened with great interest and they both felt and realized that the men are well. This has been a very important moment, which no doubt strengthens their [the miners’] morale.” The phone line is thought to be quite temperamental, but it is hoped that soon, those in the mine and those in Camp Hope will be able to talk every day. “To hear his voice was a balm to my heart … He is aware that the rescue is not going to happen today, that it will take some time. He asked us to stay calm as everything is going to be OK … He sounded relaxed and since it was so short I didn’t manage to ask anything. Twenty seconds was nothing”, said said Jessica Cortés, who spoke to her husband Víctor Zamora, who was not even a miner, but a vehicle mechanic. “He went in that day because a vehicle had broken down inside the mine … At first they told us he had been crushed [to death].”

Esteban Rojas sent up a letter from inside the mine, proposing to his long-time partner Jessica Yáñez, 43. While they have officially been married for 25 years, their wedding was a civil service—but Rojas has now promised to have a church ceremony which is customary in Chile. “Please keep praying that we get out of this alive. And when I do get out, we will buy a dress and get married,” the letter read. Yáñez told a newspaper that she thought he was never going to ask her. “We have talked about it before, but he never asked me … He knows that however long it takes, I’ll wait for him, because with him I’ve been through good and bad.”

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<div class=Ingrid Newkirk, co-founder of PETA, on animal rights and the film about her life
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Ingrid Newkirk, co-founder of PETA, on animal rights and the film about her life

Tuesday, November 20, 2007

Last night HBO premiered I Am An Animal: The Story of Ingrid Newkirk and PETA. Since its inception, People for the Ethical Treatment of Animals (PETA) has made headlines and raised eyebrows. They are almost single-handedly responsible for the movement against animal testing and their efforts have raised the suffering animals experience in a broad spectrum of consumer goods production and food processing into a cause célèbre.

PETA first made headlines in the Silver Spring monkeys case, when Alex Pacheco, then a student at George Washington University, volunteered at a lab run by Edward Taub, who was testing neuroplasticity on live monkeys. Taub had cut sensory ganglia that supplied nerves to the monkeys’ fingers, hands, arms, legs; with some of the monkeys, he had severed the entire spinal column. He then tried to force the monkeys to use their limbs by exposing them to persistent electric shock, prolonged physical restraint of an intact arm or leg, and by withholding food. With footage obtained by Pacheco, Taub was convicted of six counts of animal cruelty—largely as a result of the monkeys’ reported living conditions—making them “the most famous lab animals in history,” according to psychiatrist Norman Doidge. Taub’s conviction was later overturned on appeal and the monkeys were eventually euthanized.

PETA was born.

In the subsequent decades they ran the Stop Huntingdon Animal Cruelty against Europe’s largest animal-testing facility (footage showed staff punching beagle puppies in the face, shouting at them, and simulating sex acts while taking blood samples); against Covance, the United State’s largest importer of primates for laboratory research (evidence was found that they were dissecting monkeys at its Vienna, Virginia laboratory while the animals were still alive); against General Motors for using live animals in crash tests; against L’Oreal for testing cosmetics on animals; against the use of fur for fashion and fur farms; against Smithfield Foods for torturing Butterball turkeys; and against fast food chains, most recently against KFC through the launch of their website kentuckyfriedcruelty.com.

They have launched campaigns and engaged in stunts that are designed for media attention. In 1996, PETA activists famously threw a dead raccoon onto the table of Anna Wintour, the fur supporting editor-in-chief of Vogue, while she was dining at the Four Seasons in New York, and left bloody paw prints and the words “Fur Hag” on the steps of her home. They ran a campaign entitled Holocaust on your Plate that consisted of eight 60-square-foot panels, each juxtaposing images of the Holocaust with images of factory farming. Photographs of concentration camp inmates in wooden bunks were shown next to photographs of caged chickens, and piled bodies of Holocaust victims next to a pile of pig carcasses. In 2003 in Jerusalem, after a donkey was loaded with explosives and blown up in a terrorist attack, Newkirk sent a letter to then-PLO leader Yasser Arafat to keep animals out of the conflict. As the film shows, they also took over Jean-Paul Gaultier‘s Paris boutique and smeared blood on the windows to protest his use of fur in his clothing.

The group’s tactics have been criticized. Co-founder Pacheco, who is no longer with PETA, called them “stupid human tricks.” Some feminists criticize their campaigns featuring the Lettuce Ladies and “I’d Rather Go Naked Than Wear Fur” ads as objectifying women. Of their Holocaust on a Plate campaign, Anti-Defamation League Chairman Abraham Foxman said “The effort by PETA to compare the deliberate systematic murder of millions of Jews to the issue of animal rights is abhorrent.” (Newkirk later issued an apology for any hurt it caused). Perhaps most controversial amongst politicians, the public and even other animal rights organizations is PETA’s refusal to condemn the actions of the Animal Liberation Front, which in January 2005 was named as a terrorist threat by the United States Department of Homeland Security.

David Shankbone attended the pre-release screening of I Am An Animal at HBO’s offices in New York City on November 12, and the following day he sat down with Ingrid Newkirk to discuss her perspectives on PETA, animal rights, her responses to criticism lodged against her and to discuss her on-going life’s work to raise human awareness of animal suffering. Below is her interview.

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.
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<div class=Google planning PayPal rival
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Google planning PayPal rival

Monday, June 20, 2005

Financial analysts say Google is planning an e-wallet service that could eventually compete with eBay’s payment service PayPal. Google has not confirmed the development.

The rumor is a first sign of Google’s expected expansion of revenue sources to capitalize on its advertising customer base and search-engine traffic. What form that expansion will take has been a hotly debated subject for the company whose stock valuation momentarily made it the world’s biggest media company on June 7, 2005. Even Microsoft has been mentioned as a possible future competitor.

Ebay’s stock valuation dipped more than 2% on the news. Paypal currently accounts for one-fifth of the company’s revenues. But one business analyst saw potential benefit for Paypal[1], depending on exactly how the “Google Wallet” takes shape. The uncertainty underlined the lack of substantive information behind the rumor.

According to the New York Times, the CEO of a major online merchant, who spoke on the condition of anonymity, was approached by Google to take part in this service. Steve Langdon, a Google spokesperson, declined to comment.

  • Spoken version of the article
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What To Expect From An Engine Tune Up Service In Forest Lake, Mn

What To Expect From An Engine Tune Up Service In Forest Lake, Mn

byadmin

Engine tune up service in Forest Lake MN commonly includes replacement of spark plugs and wires, replacing the distributor cap, and performing a visual inspection of engine components and related parts. Spark plugs are located on the head of each cylinder, and each is connected to an insulated wire. These parts gradually wear out over time. A computerized diagnostic service also may be performed to identify any problems not easily seen. Depending on the age of the vehicle, the mechanic may adjust the idle speed and ignition timing. This is only necessary on older models since computers automatically control idle and timing on newer cars and trucks.

Changing the air filter is a good idea if it hasn’t been done recently. Mechanics may recommend changing the fuel filter as well. A clean air filter means better gas mileage and engine performance. Fuel filters block tiny particles of debris in gasoline or diesel fuel that otherwise could get into the engine.

Although vehicle owners miles. Vehicle owners normally drive for years before getting a tuneup. They may not realize it’s time for a tuneup unless the “check engine” light comes on.

Pricing for Engine Tune Up Service in Forest Lake MN varies a great deal depending on the vehicle, the quality of spark plugs the owner chooses, and whether any other parts should be replaced. Of course, pricing also varies among garages for the same model and automotive work. Vehicle owners might want to call a few places to learn the cost of a standard tuneup. They should keep in mind, however, that the cheapest price doesn’t always mean the best option.

Essentially, a tuneup is intended to make an engine run smoother, improve performance, and boost fuel economy. Contact American Imports to schedule the service if it is due or if the vehicle has any symptoms indicating the need for a tuneup.

<div class=Wikinews interviews Aurélien Miralles about Sirenoscincus mobydick species discovery
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Wikinews interviews Aurélien Miralles about Sirenoscincus mobydick species discovery

Thursday, January 24, 2013

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A group of researchers published a paper about their discovery of a new species of Madagascar mermaid skink lizards last December. The species is the fourth forelimbs-only terrestrial tetrapods species known to science, and the first one which also has no fingers on the forelimbs.

The species was collected at Marosely, Boriziny (French: Port-Bergé), Sofia Region, Madagascar. The Sirenoscincus mobydick name is after the existing parent genus, and a sperm whale from the 1851 novel Moby-Dick by Herman Melville.

This week, Wikinews interviewed one of the researchers, French zoologist Aurélien Miralles, about the research.

((Wikinews)) What caused your initial interest in Madagascar lizards?

Aurélien Miralles: Well, I would say that since I am a child I am fascinated by the biodiversity of tropical countries, and more especially by reptiles. I did a PhD on the evolution and systematics of skink lizards from South America. Then, I get a Humboldt grant to do a postdoc in Germany, at the Miguel Vences Lab, in order to study Malagasy skinks. Madagascar being a fabulous hotspot for reptiles (and not only for reptiles actually), it was a very nice opportunity. Professor Vences proposed me to associate our complementary fields of expertise: he is expert in herpetology for Madagascar, and I am expert in skinks lizards (family Scincidae). It was a very fruitful experience, and many other results have still to [be] published.

((WN)) How was the new species discovered?

AM: By a very funny coincidence actually. In 2010, I went to Madagascar for a long trip through the south of the island, in the semi-arid bush for collecting lizards and snakes samples. Then, during the last days, just before coming back to Germany, I have visited by coincidence the zoological collection of the University of Antananarivo. In that place, I found an old jar of ethanol with two weird little specimens previously collected by a student who didn’t realize it was something new. Being expert on skinks, I immediately recognised it was something very probably new, very different from all the other known species.

((WN)) What does “Sirenoscincus” stand for?

AM: I am not the author of the genus name Sirenoscincus. This genus name was already existing. It has been described by Sakata and Hikida (two Japanese herpetologists). “Sireno” means mermaid. “Scincus” means skinks, a group of little lizards on which I am particularly focusing my studies. So, Sirenoscinus means “mermaid skink”, in reference to [the] fact it has forelimbs but no hindlimbs.

((WN)) How deep underground do the lizards live?

AM: Hard to answer this question because nothing is known on the ecology of this species. But more reasonably, we can hypothesize, by comparison to similar species of skinks, that it is probably living just under the sand surface, [a] few centimeters deep, probably no more, or below [a] rock, leaf litter, or piece of dead wood.

((WN)) What do the lizards eat?

AM: Again, by analogy, I would say most likely small invertebrates (insects, larvae, worms etc…).

((WN)) What equipment was used during the research?

AM: Classic equipment (microscope) and also a state-of-the-art device: a micro CT-scan. It is a big device producing [a] 3D picture of the internal structure without damaging the specimen. It is actually very similar to the scanner used in human medicine, but this one is specially designed for small specimens. Otherwise, I am currently studying the DNA of this species and closely related species in order to determine its phylogenetic position compared to other species with legs, in order to learn more about the evolutionary phenomena leading to limb loss.

((WN)) There are several news sources that have a photo of the species. Is it a photo as seen in a CT-scan?

AM: No, this picture showing a whitish specimen on a black background is not a CT-scan. It is a normal photograph of the collection specimen preserved in alcohol (the one that was in the jar). You can see the complete of picture (including CT-scan 3D radiography, drawing…) in the original scientific publication.

((WN)) Do you know when the newly discovered mermaid skink species was put into the jar? Do you have its photo (of the jar)?

AM: No, I have no picture of the jar. The specimen has been collected in November 2004.

((WN)) What were the roles of the people involved in the research? What activity was most time-consuming?

AM: As first investigator, I did most of the work…and the longest part of the work was to examine closely related species in order to do comparisons…and also to check the complete bibliography related to this topic and to write the paper.
Mrs Anjeriniaina is the student who […] collected the specimen a couple of years ago.
Mrs Hipsley and Mr Müller learnt me how to use the CT-scan, and helped me concerning some point relative to internal morphology. Mr Vences helped me as supervisors. Additionally, all of them have corrected the article, and gave me many relevant advices and corrections, thus improving the quality and the reliability of the paper.

((WN)) Did you get in touch with an external entity to get the new species officially recognised?

AM: No. In zoology, it is only needed to publish the description of a new species (and to give it a name) in a scientific journal, and to designate a holotype specimen (= specimen that will be the official reference for this species), to get this new species “officially” recognised by the scientific community. That does not mean that this new species is “correct” (it might be invalidated by subsequent counter-studies), but that means that this discovery and the new name of [the] species are officially existing.

((WN)) Are there any further plans on exploring the species habitat and lifestyle?

AM: No, not really for the time being, because ecology is not our field of expertise. But other studies (including molecular studies) are currently in progress, in order to focus on the phylogenetic position and the evolution of this species.
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