Some companies pay nothing at all despite reporting billions of dollars in profits. So many loopholes and tax perks that the US tax code now runs to 73,954 pages. Corporate profits as a share of our economy are at 65-year highs, while corporate taxes as a share of the economy are near 65-year lows.
Banks involved are UBS, RBS, Deutsche Bank, Citigroup and JP Morgan settlement involved Barclays, Deutsche Bank, RBS and Société Générale. Three banks and one broker not ready to settle Crédit Agricole, HSBC, JP Morgan, money broker Icap. Collusion between banks.
A surge in the number of people requiring emergency food aid, a decrease in the amount of calories consumed by British families, and a doubling of the number of malnutrition cases seen at English hospitals. Austerity and welfare cuts are adding to the problem, rise in the use of food banks.
Third of the country’s half-million bank tellers rely on public assistance. $105 million food stamps, $250 million earned income tax credit, $534 million Medicaid Children’s Health Insurance Program. Wealthiest most powerful industry in the world, and it’s substantially subsidized by our tax dollars.
President Obama defended the Affordable Care Act: this law is working better and people are getting covered, some for the very first time. We're going to keep on working to fix whatever problems come up.
Judge Steven Rhodes ruled Detroit’s bankruptcy may proceed. Provision in Michigan constitution that protects pensions not applicable here, wiping out only other defense retirees had from cuts. Pension cuts health care cuts are likely to be severe. Detroit’s financial woes not caused by retirees.
Hundreds of riot police brutally beat villagers protesting the company’s plan. Journalists were not permitted to get to the scene. 40 people beaten, detained and then taken into custody “for hostile behavior. Chevron: priority to “conduct activities in safe, environmentally responsible manner.
US lawmakers call for new laws, regulations as Amazon is undertaking experimental project for delivering packages using door-to-door drones. US lawmakers worried companies would use drones to collect information about US citizens. Amazon: company ready to use drones for half-hour deliveries.
Rising unemployment in Germany forced people to move to campgrounds. Campsites transformed to residential communities. Cannot afford living in urban areas. Campgrounds advise registering campsite lot as address. Postal service offering tips to those planning to move to a campground full time,
The federal government of the U. S. made profit of $41.3 billion on student loans for 2013 fiscal year. Profit higher than all but two companies, Exxon Mobil and Apple, in the world. Department of Education officials insist student loan program should not be construed as a profit-making program.
Nuclear deal between Iran and six world powers, including the U. S., put strains on President Barack Obama’s relationship with Jewish donors who play a key role in Democratic fundraising, tried to appease Jewish donors. President’s commitment to Israel’s security has never been stronger."
With Iran’s moderate government working within a broad cooperative agreement with the world’s major powers, Israel has no imaginary threat to turn to, no reason to ask for shiploads of cluster bombs to drop on Gaza while peddling the rest on the Georgian arms market,”thwarted Israel’s efforts.
Wisconsin Gov. Scott Walker(R) campaign encouraging voters not to buy Christmas gifts for their children, use money instead to support his reelection. “Instead of electronics or toys that will be outdated, broken or lost give your children the gift of a Wisconsin that we can all be proud of.”
China recently rejected 60,000 tons of corn being imported from the United States found to be contaminated with Syngenta’s MIR162, a strain of transgenic corn. This strain of Bt corn is approved for food and/or feed in 11 countries throughout the world; not authorized in China.
Ukrainian demonstrators have launched a general strike in protest against the government’s refusal to sign a political and trade agreement with the European Union. 1,000 protesters blocked off government’s main headquarters Monday in the capital, Kiev, also barricaded the streets with objects.
The autonomous drones would fly directly from one of Amazon’s 96 fulfillment centers to the address of the recipient, carrying packages under five pounds, drop your package on your doorstep in half an hour.
100,000 demonstrators, waving Ukrainian and EU flags, gathered in Kiev in defiance of a ban on rallies in the city center. Protesters demand early elections, resignation of President Viktor Yanukovych. Government said Ukraine cannot afford to sacrifice trade with Russia for closer ties with the EU.
One in four people in United Kingdom skipped meals over past year to feed their families. Only a quarter able to purchase same amount of food as a year ago, two thirds cutting back on heating in order to provide food for their families. U. K. facing "destitution, hardship and hunger on a large scale."
Riot police forcefully dispersed demonstrators demanding ouster of President Yanukovych. 10,000 protesters, took to the streets. Security guards swinging batons, beating with truncheons. Dozens wounded, arrested. Massive protests in the country.
US labor groups, businesses clash on Black Friday, regarded as beginning of Christmas shopping season, Walmart workers protesting for higher wages. support for demonstrations has grown 1,500 protests held across the country on busiest shopping day of the year. Critics downplay the protests.
Labeling GMOs won’t cost consumers a single penny. food companies change their labels all the time. Costs are minimal for labeling foods GMO, or otherwise, it would actually cost them more to print a new price tag. They spend even more on marketing campaigns to get us to buy their products.
State officials will use minors in marijuana buying stings next year when Washington's new legal pot stores open, especially because federal officials want to make sure Washington restricts minors' access. State Liquor Control Board already uses minors in "controlled buys" of alcohol at retail stores.
Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people.
Yemeni tribesmen blown up part of the country’s main oil export pipeline. Not immediately clear whether the oil flow stopped by the explosion. Motive behind the attack remained unclear but tribal sources said it meant to force the central government to pay the tribesmen compensation.
20 people injured in clashes in Argentina between union members and environmental activists, who were protesting construction of a plant by Monsanto. Activists are concerned the plant would process Monsanto-made genetically modified corn, ending up in the local market.
Survey: More than a quarter of adults in Britain have experienced food poverty during last 12 months, found it harder to feed their family than a year ago. 37 percent choosing between heating and eating this winter. Have either skipped meals, gone without or relied on friends or family for food.
British Home Secretary Theresa May: slavery widespread in U K , hidden in plain sight in shops, supermarkets, fields, factories, nail bars, or even an ordinary residence. Comments came following the discovery of three women allegedly held as slaves for 30 years in southern London district of Lambeth.
18 percent of the UK’s population, equating to 8.8 million people, have “serious” financial issues. most-indebted areas: Hull, Nottingham, Manchester, Knowsley, Liverpool. Average debt twice the level a decade ago. 3.9 million British families lack enough savings to pay mortgage, rent for a month.
National coalition of 50 charities: Bedroom tax is hardship to thousands of disabled people in UK. 90 percent of people with disabilities, three quarters of carers cutting back on food, heating as result. Forces them “deeper into debt. Cut in housing benefit for claimants whose home has a spare room.
Spain's parliament has passed an environmental impact law that could legalize the controversial technique of hydraulic fracturing (fracking).Imports 76 percent of its energy needs. The technology could help relieve its foreign dependence on oil, coal and gas, boost the country’s ailing economy.
Northern Texas towns are experiencing an intense string of earthquakes – the last of which was one of the most powerful in 5 years. As unusual tremors have been going on for over 3 weeks now, many suspect fracking might be to blame. In the last four days, there have been six recorded quakes.
Drugs, hormones used to make turkeys bigger with less feed. Arrive to slaughter with lesions, deviated toes, breast blisters, dermatitis, swelling, blisters, Clostridial dermatitis, cellulitis. Contaminated environment, feed, water, poor hygienic conditions, contaminated vaccines and equipment.
Companies cut employee hours below 30-hour minimum to avoid paying for insurance, raising costs for coverage, adopt high-deductible plans, discourage seeking medical treatment due to cost thereby rationing. Businesses will pay fine, drop employee coverage, less expensive, raise copayments.
Said he can no longer lead country after supermarket roof collapse killed 54 sparked public outrage. Abolition of state construction authority by his budget-slashing weakened oversight. enacted budget cuts, tax increases. Possible reasons for disaster:flawed design, substandard materials, corruption.
Obama administration is once again delaying the launch of an online small-business health care exchange, pushing the deadline back a full year to November 2014. Small employers will have to apply through an agent, broker or an insurer to enroll in plans. Law is unworkable, bad for small businesses.
Wandering the streets, some in wheelchairs homeless people line up in Hollywood for food, their only way to eat. Los Angeles City Council: ban feeding homeless people in public spaces. 53,800 homeless people in Los Angeles. Embarrassment among civic leaders.
Obama administration to pay Apptricity US $50 million for pirating the company’s logistics software the US Army used beyond contracted parameters, While the Obama administration’s has launched efforts against intellectual property theft.
Health care law could bailout insurers who sell policies through Obamacare. Will transfer billions to insurance companies, automatic, entitlement, mandatory spending, not discretionary. Congress no power to stop it. Sen. Marco Rubio (R-FL)introduced legislation to repeal insurance company bailout.
Private consultants found guilty of siphoning tens of millions of dollars in kickbacks from $700 million CityTime payroll project. Main contractor, SAIC, forced to repay the city $500 million. A top SAIC official to become the next Secretary of the Air Force.
Wal-Mart workers and activists are planning another round of protests and strikes at the nation’s largest employer on the biggest shopping day of the year, Black Friday. Time of heightened scrutiny for the company. National Labor Relations Board ruled last week Wal-Mart violated rights of striking workers.
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