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September 16, 2013

Lotteries: are they a hidden "scam" to make the lower income earners pay more tax?

The world lottery news reports that in the the first half of the year global lottery sales were up nearly 5% world-wide after a sluggish start with Latin American, Asia Pacific, and North American markets performing strongly in the second quarter.

Latin America showed a increase in sales of 24.6% for the first six months of 2013. Argentina’s Lotería Nacional Sociedad reported an increase in sales of 31% for the period January–June 2013 and Brazil’s Caixa Econômica Federal also enjoyed healthy sales growth, reporting an increase in sales of 12.5% for the first half of 2013.

The Asia Pacific region witnessed an increase in sales of 11.1% for H1 2013 over H1 2012, including the China Sports lottery increased by CNY 10.54 billion and the Chinese Welfare lottery increased by CNY 10.11 billion for the first six months of 2013.

European lotteries witnessed a relative decrease in sales of 1.7% but was still up a small percentage against the same time frame in 2012.

In the North American market, an increase of 9.4% on sales for the second quarter of 2013 was reported. 

The North American lottery system is a $70 billion-a-year business, an industry bigger than movie tickets, music, and porn combined. These tickets have a grand history: Lotteries were used to fund the American colonies and helped bankroll the young nation. In the 18th and 19th centuries, lotteries funded the expansion of Harvard and Yale and allowed the construction of railroads across the continent.

Since 1964, when New Hampshire introduced the first modern state lottery, governments have come to rely on gaming revenue. (Forty-three states and every Canadian province currently run lotteries.) In some states, the lottery accounts for more than 5 percent of education funding.

While approximately half of Americans buy at least one lottery ticket at some point, the vast majority of tickets are purchased by about 20 percent of the population. These high-frequency players tend to be poor and uneducated, which is why critics refer to lotteries as a regressive tax. (In a 2006 survey, 30 percent of people without a high school degree said that playing the lottery was a wealth-building strategy.) On average, households that make less than $12,400 a year spend 5 percent of their income on lotteries—a source of hope for just a few bucks a throw.

A 2008 Carnegie Mellon study found that "lotteries set off a vicious cycle that not only exploits low-income individuals' desires to escape poverty but also directly prevents them from improving upon their financial situations." As the study's lead author said: "The hope of getting out of poverty encourages people to continue to buy tickets, even though their chances of stumbling upon a life-changing windfall are nearly impossibly slim and buying lottery tickets in fact exacerbates the very poverty that purchasers are hoping to escape." (For what it's worth, the odds of winning the latest Powerball drawing were about one in 175 million.) A Duke University study found that the poorest third of households purchase more than half of the lottery tickets sold during a given week.

So let's acknowledge the lottery for what it is: a tax on those who can least afford it that is levied by preying on the very fact that they can't afford to buy the things they need. Sure, buying lottery tickets can be fun in the short term, but in the long run, lotteries are a truly cynical way for states to raise money.

As to the operational mechanics of lottery systems - investigators probably would have a field day looking into these structures. It is obvious that the super-computers which run these lotteries can easily be manipulated.

EU-Digest 

September 15, 2013

Golf - Netherlands: Luiten beats Jimenez in playoff to win KLM Open

Joost Luiten beat Miguel Angel Jimenez on the first playoff hole Sunday to win the KLM Open for his second European Tour title of the year.

Luiten became the first Dutch winner of his country's national open since Maarten Lafeber in 2003 and the first Dutchman to win twice in a season on the European Tour. He also won the Lyoness Open in Austria in June.

Jimenez made four early birdies to take the lead but Luiten rallied on the back nine at the Kennemer Golf & Country Club, with both making par on the 18th to force the playoff. Jiminez shot a 3-under 67 while Luiten had a 68. Both finished with 12-under totals of 268.

"It was tough. He was playing really, really good, especially on the front nine," Luiten said of the far more experienced Jimenez. "I thought 'I just have to hang in there until the back nine and hopefully I can make a move there,' and luckily it happened."

The players returned to the 18th tee and Luiten made par, while Jimenez hit his drive into the rough right of the fairway, left his second on the fringe and could not hole out in two.

On the back nine, Jimenez missed a birdie putt on the short par-5 12th, while Luiten sank his birdie putt to draw even at 13 under.

But the Spanish veteran, who won this tournament 19 years ago, responded immediately by rolling in a birdie on the 13th and stretched his lead to two strokes as Luiten's par putt slid past the hole.

Luiten birdied the 14th and Jimenez bogeyed the 15th and 17th to drop back level with Luiten and set up the playoff.

Read more: Luiten beats Jimenez in playoff to win KLM Open in Netherlands

September 13, 2013

Almere World Trade Center Starts Master Class Business Modelling

The Almere World Trade Center is offering a one day Masterclass for entrepreneurs who are starting up a business and for established managers in both the Public and Private sector.

This Masterclass is based  on "learning by doing".  Following the completion of this course participants can even develop their own business model.

For starting companies the model can be used as a marketing tool and for already established companies and organizations it can be used to develop new innovative ideas.

Either way, a win win offer for self motivational enrichment.

For additional information click here  

EU-Digest



September 12, 2013

EU asks youth: How would you fight poverty? - by Elisabeth d'Auchamp

International development may not be the first thing on the mind of a 13-year-old. Talk of frameworks, donor priorities, annual reports and endless acronyms will, in most cases, be less attention-grabbing than, well, everything else in the life of a teenager.

But while the future of the globe might currently be handled by adults, youth has an equal if not a bigger stake in creating a sustainable world.

As such, aid groups are now ramping up efforts to engage young people in global development. Among them: the European Commission.

“How would you fight poverty?” the commission is asking young people in a video contest recently launched on Facebook. The competition is open to everyone aged 13-24 regardless of nationality, and the only condition is to create a video of no more than 120 seconds which answers the question, and upload it on YouTube by Nov. 1.

For the winners, the prize involves having their solution to global poverty presented to thought leaders and decision makers in Europe. They will be flown to Brussels to attend the 2013 European Development Days in November, where their short videos will be screened.

So what do you want changed to create a poverty-free world? Take out your smartphone, digital camera, tablet or any other video-taking device, and have your say — or invite a teenager or twenty-something near you to do so. Join Young Voices Against Poverty.

EU-Digest

The Netherlands: Clipper Stad Amsterdam 'home' again!

Stad Amsterdam at sea
The Clipper Stad Amsterdam is back in Amsterdam for about 6 weeks after a wonderful time in the Mediterranean, the south coast of England and Belgium.

The coming weeks are mostly dominated by various day sails, cocktails and seminars on board. On September 7th and 8th she was moored be at the Maritime Museum in Amsterdam,where  visitors of the museum could visit her.

In late September we will go back to the shipyard for 10 days for maintenance following our intensive 6-month yard period earlier this year. Middle of October, the Clipper Stad Amsterdam will sail down south again: to the Canary Islands and later on to the Caribbean with the help of the trade winds. We will be arriving at Martinique on December 1st.

For additional Information click here

Almere-Digest

September 10, 2013

The Netherlands: Health Insurers saw their profits double last year but premiums remain high

Dutch insurance companies nearly all doubled their profits last year, but industry business leaders said they are doubtful that they can reduce their customers premiums in 2014.

Last year Dutch health insurers saw their profits more than double to 1,4 billion euros. In response to the figures, the Minister for Health Edith Schipper said was that there was a "social imperative" to conclude that higher income leads to lower premiums.

Roger van Boxtel, CEO of insurance company Menzis, said that he wants nothing more than to lower premiums, but that any further decrease in premium costs depends very much on the measures that the government presents in the Budget.

As to the large profit figures made by the health insurers, van Boxel said, "Many people have been saying over the last few months ‘that we made very large profits’. But if you want to be a healthy company, you need to have buffers."

The Dutch health insurance system (since January 1st, 2006) is a combination of private health plans with social conditions built on the principles of solidarity, efficiency and value for the patient.

Health insurance in the Netherlands is mandatory if you are on a long-term stay and is designed to cover the cost of medical care. As a rule, all expats must have a Dutch health insurance even if they are insured for healthcare in their homeland also.

Dutch insurance companies are obliged by law to offer you the basic package. They can not deny coverage because of gender, age or health profile.

Almere-Digest

September 9, 2013

Almere: Asian tiger mosquito found in seven Dutch locations, clean-up underway

The Asian tiger mosquito has been identified at seven locations in the Netherlands and efforts are underway to eradicate it, government safety experts said recently.

The mosquito, which can carry dangerous diseases such as yellow fever, has been identified at used tyre import companies in Oss, Weert, Montfort, Almere, Lelystad, Emmeloord and Harderberg, the NVWA inspectorate said in a statement.

The European centre for infectious diseases said earlier this year the tiger mosquito, an aggressive, day-time biting mosquito which can transmit some 20 viruses and parasites, had made its home in the Netherlands, but that was denied at the time by local officials.

Read more: DutchNews.nl - Asian tiger mosquito found in seven Dutch locations, clean-up underway