Greetings from The Arc of San Diego. I am pleased to share with you the latest news from our organization and timely articles. We provide this eNewsletter and web site to our friends as a free service. Please feel free to call me at (619) 685-1175 ext.291 if I can run a proposal or be of assistance to you.
Nancy and David Atkins were dedicated volunteers. Over the years, they had seen many individuals impacted by the good work of our organization. They wanted to create a legacy to provide future support to continue our mission.
On August 30th, President Obama spoke in a White House Rose Garden press conference about the economy and the Small-Business Tax Relief Bill. He suggested, "The bill, which has failed to pass a procedural vote several times in the Senate, would enable small-business owners to get the credit they need and eliminate capital gains taxes on key investments so they will have more incentive to act right now."
Apple Computer, Inc. unveiled its newly redesigned Apple TV this week. The technology giant said that the new TV would be "small in size but big on entertainment" and permits users to rent movies and watch TV shows in commercial free HD.
Treasuries fell late in the week following the release of the Labor Department's August employment report. The Labor Department reported that the U.S. economy lost 54,000 jobs, while unemployment rose slightly to 9.6% in August. Unemployment was at 9.5% in July.
Freddie Mac reported mortgaged rates reaching a new record low this week. The 30-year fixed-rate mortgage (FRM) averaged 4.32%, down from last week when it averaged 4.36%. Last year at this time, the 30-year FRM averaged 5.08%.
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Sincerely, Jennifer Bates Navarra The Arc of San Diego
Note: Articles, commentary and other materials in the GiftLegacy system are included solely as educational
information. Since articles may not always reflect the current AFR or tax law, it may be necessary to run any
illustration with a current version of Crescendo Software to obtain updated information. If professional services are required,
all persons shall consult with their qualified professional advisors. Tax Quotes are courtesy of Jeffery L. Yablon,
Washington, D.C.
