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Ty and Jarrel Miller commit to Iowa







It is great to be an Iowa Wrestling fan.

Go Hawks!

WNBA

I didn't realize that their season starts in a month. I would also like to thank the MLB blackout rules for letting me have all this free from their sport to put time and money into Women's Basketball.

April 15: WNBA Draft

April 28: Training Camp Begins

May 3: Pre-season Games Begin

May 12: Last Possible Date for Pre-Season Games

May 13: Final Roster Cut-down Date

May 14: Regular Season Begins

June 1-13: WNBA Commissioner’s Cup Tournament

June 25: WNBA Commissioner’s Cup Championship

July 18-21: WNBA All-Star Break

July 20: WNBA All-Star Game

July 21- August 14: Olympic Break

August 20: Trade Deadline

September 19: Regular Season Ends

September 22: Playoffs Begin

October 20: Last Possible Finals Date

Indiana GOP delegates reject Trump’s candidate for lieutenant governor

And selected someone even worse!:

Delegates to the Indiana GOP convention have rejected a candidate for lieutenant governor who received a late endorsement from former president Donald Trump.
Delegates on Saturday instead nominated Micah Beckwith, a pastor who has said God told him he “sent those riots to Washington” on Jan. 6, 2021, when Trump supporters stormed the U.S. Capitol.


Beckwith’s opponent, Indiana state Rep. Julie McGuire, had the backing of Sen. Mike Braun (R-Ind.), the GOP nominee for governor. McGuire secured Trump’s endorsement on Thursday, shortly before delegates gathered in Indianapolis to nominate Braun’s running mate.
Beckwith received 891 votes, while McGuire got 828 votes, according to the Associated Press.
While Indiana is a Republican-leaning state, Beckwith could make the governor’s race more complicated with his far-right views. The head of the Indiana Democratic Party, Mike Schmuhl, said in a statement that Beckwith’s nomination “shows how out-of-the-mainstream extremism has hijacked the current Indiana GOP.”
Braun reportedly congratulated Beckwith onstage at the convention but also told reporters afterward that he would assert his role as the state’s chief executive if elected.
“There’s no doubt about this — I’m in charge and Micah is going to be someone that works with me,” Braun said, according to State Affairs.

Is this bad? It seems bad. I thought Elon was fixing this.

Europe starting to modify vaccine passport specifications

Entirely predictable. . .

“The COVID pass is probably only good for maybe two or three months after the date of the second jab,” said Andrew Shaw, associate professor of physical chemistry at the University of Exeter. “After that, it really depends on how fast your antibody levels are declining.”

Shaw has developed a blood test that can read out the levels of antibodies developed from vaccination and infection in seven minutes. The results tell you whether your antibody levels are within thresholds considered high enough to fight off infection.

The test, developed by his company Attomarker, a spinout from the University of Exeter, is now available in three U.K. cities, at prices comparable to private PCR tests.

But the science around immunity thresholds is still somewhat grey. While Shaw says he is confident he has identified a unit quantity of antibodies needed for protection, there isn’t yet a consensus on the matter.

“I'm skeptical that we're anywhere near” knowing what the protective level of antibodies is, said Clarke.

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DSM Area Restaurants Closing

The Register reported that 7 Ankeny restaurants closed in the last few weeks. The big new Tavern restaurant at Jordan Creek has already closed in less than a year. I know downtown restaurants are still taking a beating.

I say good. We have way too many mediocre restaurants in this town that charge too much. There needs to be a thinning of the herd.

Closing asset loophole could add billions to tax collections, IRS says

The Biden administration plans to stop businesses and wealthy individuals from manipulating the value of assets in arcane ways such as using the same assets over and over again to lower their taxes.
High-end business partnerships like hedge funds and wealthy individuals such as real estate investors have inappropriately used labyrinthine structures to shield tens of billions of dollars from taxation, Treasury Department officials said Monday as they vowed to crack down on the practice. They announced several steps to address a tax planning strategy known as basis shifting, in which complex business partnerships can move assets from one entity to another on paper for no reason other than to avoid taxes.


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“These transactions don’t create any economic activity for the U.S.,” Deputy Treasury Secretary Wally Adeyemo said. “Their sole purpose is to reduce tax bills.”



Shutting down inappropriate basis shifting can increase tax collections from partnerships by at least $5 billion a year over the next decade, Adeyemo said.

A partnership is a “pass-through” business structure of linked entities that passes income and losses directly to investors, rather than being taxed at a corporate level. When a partnership sells assets such as land or equipment, the taxes are determined only after subtracting the asset’s original cost — the “basis” — from the proceeds.
Certain rules in the tax code allow partnerships to recalculate that basis when other assets move in or out of the business. The IRS asserts that partnerships are regularly manipulating the basis of assets to avoid taxes.

In some cases, the business might repeatedly depreciate the same asset.
“What you do is things like, you’ve depreciated the asset in one entity, so now the basis is zero,” said Mark Luscombe, a Wolters Kluwer tax lawyer who serves on the American Bar Association’s committee on partnerships. “If you sold it, you’d have a big gain and you don’t have any more depreciation. You instead sell it to a related party so you can start the depreciation all over again.”


An existing rule requires that transactions have “economic substance” rather than merely reducing tax bills. A top IRS official mentioned the economic substance rule as the root of the agency’s belief that most of these closely related partnership transactions are illegal.

“It is possible that taxpayers believe their transactions meet the literal regulation,” the official said, speaking on the condition of anonymity to discuss the new rule before specific regulations are announced. “However, they do not have economic substance. We believe they are illegal under current law.”

The tax agency will publish guidance for accountants and lawyers meant to make clear that the federal government believes basis shifting purely to avoid taxes is illegal and will be subject to audits. It will propose regulations to require large partnerships to provide more detail to the IRS about certain transactions when they occur. And it will create teams within the IRS’s legal arm and its large-business auditing unit to focus on such partnerships, staffed by some of the hundreds of auditors the IRS has hired this year.


Those new employees have already turned up many basis-shifting transactions that they believe to be illegal, IRS Commissioner Danny Werfel said in a call with reporters. “In the audits we’re doing today, we are seeing this systemic use of basis shifting where there is no economic basis to the transaction,” Werfel said. “That is not allowed.”

If Adeyemo’s projection of $50 billion in additional tax collections over 10 years comes to pass, it would go a long way toward recouping the billions in additional funding that Congress allotted to the IRS at President Biden’s urging. The Biden administration and others have argued that the investment would more than pay for itself as new auditors hired with the money crack down on wealthy tax evaders.
The Biden administration said in a statement Monday that the basis-shifting maneuvers, promoted by high-end lawyers and accountants who get paid millions of dollars to structure these businesses’ complicated tax returns, have probably soared in popularity in recent years but gone unnoticed by the IRS until recently. The 2010s saw a 70 percent increase in filings by pass-through businesses with more than $10 million in assets, rising to nearly 300,000 in 2019.

  • Poll
POLL: What was the #1 topic over the last 9 days?

What was the #1 topic over the last 9 days?

  • Biden vs Trump

    Votes: 8 27.6%
  • MAGA is Taliban

    Votes: 1 3.4%
  • Transgenders

    Votes: 0 0.0%
  • "The New Poster"

    Votes: 0 0.0%
  • Hot for Teacher

    Votes: 4 13.8%
  • Hamas Love

    Votes: 1 3.4%
  • Russia/Ukraine

    Votes: 1 3.4%
  • Masks & COVID Vax

    Votes: 2 6.9%
  • Caitlin Clark

    Votes: 11 37.9%
  • Other (I'll tell you in great detail in the comments!)

    Votes: 4 13.8%

Okay, HROTers, I've been gone for 9 days, what's been going on? Fill me in!

Iowa offers 2026 Mobile California QB

Cash Herrera, from the San Diego area, picked up an offer from Iowa after camp last week.

He discusses what he likes about Tim Lester and Iowa, and we drop an evaluation.

STORY:

Peyton Manning visits Council Bluffs restaurant

With the Men's College World Series in town, NFL Hall of Fame quarterback Peyton Manning visited a local restaurant with his family here in Council Bluffs on Thursday evening.
Manning and his family were in town for a baseball tournament near town (Manning is also an alum of Tennessee, who plays Florida State on Friday evening in the Men's College World Series) and afterward ate locally at Caddy’s Kitchen and Cocktails in a private area of the restaurant.

“We had a very special guest last night,” Caddy’s Kitchen and Cocktails said in a Facebook post. “Peyton Manning reserved our private dining room for his son’s baseball team. If our party room is good enough for a hall of fame quarterback perhaps you’ll like it too.”


The reservation was put in a different family member’s name, thus the restaurant staff was more than surprised when they saw Manning enter.







Former NFL quarterback Peyton Manning visited Caddy’s Kitchen and Cocktails on the Hundred Block on Thursday evening.
PHOTO COURTESY OF CADDY’S KITCHEN & COCKTAILS
However, being in the middle of the dinner rush, there were some immediate challenges to hosting the NFL great, but the staff was more than prepared.

“We didn’t know until about the last minute so we were shocked when we saw him,” Caddy’s general manager Brad Sala said. “He did have to run through the dinner rush and some people did spot him out, but we escorted him and his family to our private dining room and they had a nice time here.”
Manning played in the NFL for 18 seasons, 14 seasons with the Indianapolis Colts and his final four seasons were with the Denver Broncos. Manning won a Super Bowl with each team and was awarded the NFL’s MVP award five times.

  • Poll
Predict Iowa’s Record For 2024

Predict Iowa’s Record For 2024

  • Undefeated

    Votes: 4 3.4%
  • One loss

    Votes: 5 4.2%
  • Two losses

    Votes: 31 26.3%
  • Three losses

    Votes: 64 54.2%
  • Playoff

    Votes: 10 8.5%
  • Natty

    Votes: 4 3.4%

IDK… I have a good feeling this is going to be a special season for Iowa …. I love our defense and the offense can only get better … wait and see approach as they have a lot to prove but I am thinking Iowa will only have one loss and that’s to OSU…. I could be wrong of course but this might be the year Iowa can elevate its play on offense as the defense is rock solid.
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