Members of the ruling Democratic Party of Korea and officials form the government met Tuesday morning to discuss measures to support low-income people as part of the follow-up measure to the planned minimum wage increase next year.
During a policy coordination meeting, the two sides agreed to increase the basic pension for elderly people in the lowest 20% bracket to roughly 260 US Dollars by next year, two years earlier than originally planned.
Hong Young-pyo, floor leader of Democratic Party of Korea said labor groups as well as the opposition party agree to Earned Income Tax Credits.
This measure needs to be effectively implemented so that people can make up for their small income through tax returns.
Finance Minister Kim Dong-yeon said we will work to expand the social safety net of those in the low-income bracket, as well as carry out reforms so that innovation can be seen across the economy.
- The Congress assured that they would factor in the economic managers' concern that the rush to implement federalism may disrupt the Philippines' economic growth, when they tackle the proposed Federal Constitution. Deputy Speaker and Cebu Rep. Gwendolyn Garcia said projections made by the Economic Planning Secretary Ernesto Pernia will be considered as their “guide” in scrutinizing the draft Charter.
- The Bicameral Conference Committee on the proposed Organic Law for the Bangsamoro in the autonomous region in Muslim Mindanao resumed its discussions Tuesday on the reconciled version of the measure of the House of Representatives and Senate.
- The Bureau of Internal Revenue has issued a circular clarifying the requirements on the withdrawal of bank deposits of a deceased without the need of a clearance or the electronic certificate authorizing registration. In signing Revenue Memorandum Order 62-2018, BIR Commissioner Caesar R. Dulay stated that the legal heir or administrator of the decedent maybe allowed to withdraw the decedent’s bank deposits within one year from death provided the bank subject to six percent final withholding tax the amount withdrawn.
- Israel shut down its only cargo crossing with the Gaza Strip on Tuesday in response to continued Hamas hostilities, even after it agreed to a cease-fire ending 24 hours of intense fighting.
- Russian Orthodox Patriarch Kirill on Tuesday led some 100,000 people in a nighttime procession marking 100 years since the Bolsheviks shot dead tsar Nicholas II and his family after he abdicated, according to authorities.
- Peru has declared a 60-day state of emergency on its Colombian border in order to guarantee security in a region rife with drug trafficking. President Martin Vizcarra on Monday said the measure was “because there are security problems” created by Colombian citizens crossing the border and there was a need to “reestablish the state’s presence.”
- Japan and the United State have extended their nuclear pact as Tokyo pledged to work to reduce its plutonium reserves at address Washington's concern.
- Uber is facing a federal investigation on alleged discrimination against women working at the ride-hailing service, according to sources. The US Equal Opportunity Commission began the probe in August of last year focusing on whether women at Uber were treated the same as their male counterparts when it came to pay or opportunity at the San Francisco-based startup, according to the source.
- Nickelodeon announced a revival on a classic cartoon show, Rugrats, with a movie and a new TV series coming this 2020.
It's Prime Day once again and once again, the prime specimens that roared through the sounds of prime are back to let their feral instincts roar in Forza Motorsport 7. Whether if it's up against the HALO Jumper, a mid-engine German sportscar, the Nurburgring, or even for one last ride, these prime specimens are all about business and leisure without compromise.
Releasing our first feral beast from its cage is the Ford SVT Raptor. Today's F-150 Raptor is one of the best offroaders ever made but what made us miss the most about the old F-150 SVT Raptor is its 6.2L V8 engine because of the sound of this feral beast is much more ferocious compared to the EcoBoost V6 engine that today's Raptor had. It may be heavy and somewhat irrelevant in circuit racing but you can't beat the monstrous sound of its V8 engine the SVT Raptor possess and there's so much to love about a monstrous offroader that challenged the HALO jumper and lost.
The next beast is the Renaultsport Megane 250 and while today's Megane RS is basically five-door only, the last three-door Megane RS of the past is something to be missed because while being short on power compared to hyper hot hatch rivals such as the Ford Focus RS and the VW Scirocco R but because of its cup chassis, motorsport-level expertise, limited slip differential, and lightness, it eats the powerful ones like a rat scaring away a big fat biker. Being a prime meridian, the Megane RS remembers the most insane race of its life while delivering near-sportscar levels for everyday speedo boys.
The next prime meridian to be released from its cage is the McLaren MP4-12C. With today's McLaren 720S being the evolution of its Super Series range, the 12C is something to remember as the first McLaren ever made in this new era since the legendary F1. Unlike their last masterpiece, the Mercedes-Benz SLR McLaren, the 12C is purely McLaren inside and out as well as its 3.8L V8 Twin Turbo engine which is somewhat small but packs a heavy punch when you put your foot down. As a high-tech sportscar with some motorsports know-how in the days when Lewis Hamilton is a McLaren driver, the 12C is all about propagating through the track with intelligence unheard by supercar standards, quickly became the supercars we all fell in love with since the 458 and the Gallardo.
And the last beast to be unleashed from the hell in the cell is the Pagani Zonda R. As the track-only finale to the Zonda, the R features extreme aerodynamics that is fitting for a no-holds-barred machine that sits in Pirelli racing tires and 6.0L V12 Mercedes engine producing 750HP and because it dons so much carbon fiber on its body, it's 200kg lighter than your first Zonda. Start this beast up and you can really hear its roar loud enough to deliver the prime of its life. This is the first Zonda that dons a semi-automatic gearbox that shifts faster than your basic supercar and such impressiveness lapped the Nurburgring faster than the Ferrari 599XX.
These prime specimens really proved to the world that they are business and leisure without compromise and when Prime Day comes, these feral beasts roar through the sounds of prime and prepare for the insane moments in the prime of their lives. Since this is Prime Day, it's time to let these beasts loose in the Grand Prix circuit of the Nurburgring like bats out of hell. Let heavy beasts roar through the sounds of Prime Day!
How's that for Darth Pancake? These heavy beasts really roared like bats out of hell and that is why they called it PRIME DAY, a day when you can open your Amazon and go all out. It's like releasing your anger for a day and it never felt so alive driving these prime specimens to the prime of their lives.
One scorching weekend at Seattle's Chinatown International District, many visitors managed to survive the extremely hot temperatures in the Pacific Northwest just to witness the annual DragonFest event.
The DragonFest is a celebration for all things Asian-American. From Chinese, Thai, Indian, Filipino, Korean, this event had it all in store for the large crowd. There's even packs of stands, food walks, fun, and games in store to keep the visitors happy for more. Now that's how Seattle Chinatown managed to beat the heat with this summer event happening every year.
Anyway,. I managed to snap some pics to highlight the best of this year's DragonFest.
The 2018 Verizon IndyCar Series has gone north of the border as the streets of Toronto, Canada, transformed into a city course for the drivers to put their limits to the test. As if this World Cup finale week is embroiled with so much races occurred, this Indy Toronto race really wraps this mega weekend up.
Josef Newgarden leads the race while Ryan Hunter-Reay roared himself from 6th to 3rd and Will Power gunning down Alexander Rossi at the start of the race. As the excited builds, incidents occurred as Frenchman Sebastien Bourdais faced rear wing damage when he collided with the tyre wall, Newgarden and Dixon on the pits, Ryan Hunter-Reay missed turn 3, and Rossi and Power made contact. When the race restarted, Newgarden nudged to the wall while Dixon leads and a big one occurred when seven cars caught in a pileup. Near the end of the race, Robert Wickens and Simon Pagenaud are gunning each other for second place, causing too much tension between the two drivers.
Scott Dixon won his 44th IndyCar win and 3rd win of this season. Pagenaud placed 2nd and Wickens placed 3rd. The lead for Dixon is now 62 points ahead of Josef Newgarden. 464 vs. 402, respectively.
Next race is the Honda Indy 200 at Mid-Ohio on the 29th of July.
Here we are, while the world enjoyed the epic finale of the World Cup, the streets of New York City became the final destination for the fourth season of the FIA Formula E Championship and this epic two-part season finale marks the end of the era for the first-generation Formula E machines as it paves way for new and exciting changes happening this holiday season.
The first part of the race heralds the rise of this season's champion as Jean-Eric Vergne, started last following his disqualification at the qualifying lap for having too much power and stormed his way to fifth place, managed to earn enough points to be crowned the ABB FIA Formula E Champion for this season. Audi Sport ABT Schaeffler nailed their first 1-2 finish with di Grassi and Abt while Renault's Sebastien Buemi placed 3rd. In the latter half of the race, Audi Sport ABT Schaeffler nicked their Constructors' Championship title with Lucas di Grassi and Daniel Abt placed 2nd and 3rd with the world champion JEV wins the latter half.
HIGHLIGHTS:
What a race it was. Jean-Eric Vergne won the championship but it was Audi Sport that nicked their Team Championship win. What a sendoff for these machines and that really is the end of the fourth season of the ABB FIA Formula E. Next season will be the biggest Formula E to date so see you in December.
The 2018 DTM championship continues at Circuit Zandvoort in The Netherlands, and with so many races occurred in the middle of the World Cup finale weekend, fans have felt the roar of the excitement as the tables kept on turning on the best and the brightest racers as the David and Goliath effect rattled the race to more meaningful ways.
In the first race, following a controversial qualifier that Wehrlein bashed Gary Paffett for ruining his lap, Paffett nicked his 23rd DTM win and his third victory this season with Paul Di Resta placed 2nd and Lucas Auer placed 3rd. In the second race, meanwhile, it's a comeback in the making as last year's champion Rene Rast secured his first win of the season and for Audi while Paffett placed 2nd and Di Resta 3rd.
