Readers ask me if Paul Krugman could be correct that deficits don’t matter and that neither does printing endless reams of money with which to purchase the Treasury’s debt instruments that finance the deficits.
Northrop Grumman, Lockheed Martin to develop laser weapons to protect manned, unmanned aircraft. Engineers worked to “develop laser weapons 10 times lighter, more compact than existing high-power chemical laser systems, utilize them as a key defense system.
U.S. handed two contractsto Northrop Grumman, Lockheed Martin to develop laser pods mounted on aircraft, shoot down missiles.$14.6 million contract and Lockheed Martin received $11.4 million to develop laser weapons to protect manned and unmanned aircraft.
designer suing N S A, Department of Homeland Security for attempting to take down parody products. Selling T-shirts, items featuring parodied logos of NSA, DHS on online platform Zazzle. logo read, “NSA: The only part of government that actually listens, “Department of Homeland Stupidity.”
Hamas official says the closure of Gaza tunnels by the Egyptian military is causing major losses to the Israeli-blockaded enclave, caused heavy losses to the industry, commerce, agriculture, transport and construction sectors, preventing Gaza from access to basic goods construction materials, food, fuel.
Under civil asset forfeiture laws cops can take people's money, property without proving anyone guilty, without even making an arrest. Money that cops generate from seizures bankroll their departments, including funding their own salaries. Victims jail if they don't hand over their assets.
Expressing anger over the NSA wiretap, Merkel has rejected calls for concrete measures against the US, most notably a halt to current negotiations for a free trade pact between Europe and the US. profound rupture in international relations has taken place, with far-reaching consequences.
Offering a frank assessment of how his fellow Republicans approach the issue of poverty, Ohio Gov. John Kasich (R): “I’m concerned about the fact there seems to be a war on the poor,” Kasich told the New York Times in story published Tuesday. “That if you’re poor, somehow you’re shiftless and lazy.”
Jim Wheeler of Gardnerville, NV Republican Nevada state assemblyman said that he would vote for legislation in favor of slavery if his constituents wanted him to, said “liberal operatives” are in an effort to smear him.
Villages take on debt with microcredit lenders, selling their organs as a last resort to repay loans, escape the vicious cycle of poverty. Mohammad Mehedi Hasan, manipulated into removing part of liver for £6,000, urinate 60 times a day. Sell kidney, return home barely alive, fraction of money promised.
Authorities estimate the number of Syrian refugees in Egypt to be approximately 300,000. Begging in front of mosques to support family. Egyptian media fostering anti-Syrian sentiment. Lack of aid,support, struggle to find work shelter. Syrians not welcome in Egypt anymore.” Harassment by security officials.
GMO wheat which was created to silence particular genes within the crop can also silence certain rNA and DNA sequences in the human body, causing fatality as early as age five or six. Researchers calling GMO wheat a ‘safety’ issue.
Israeli settlers mad over McDonald’s refusal to build outlet in the West Bank, calling to boycott company’s operations in Israel. McDonald’s cited policy of “staying out of occupied territories.” Other international companies asked to open businesses in the mall also declined.
Letters to countries in Latin America and Europe, as well as to South Africa, Australia, Japan and South Korea, the Palestinian Authority asked governments to put pressure on local companies and discourage any relations with the Israeli settlements. Campaign for an economic boycott.
Thousands staged demonstrations against austerity measures imposed by government under country's international bailout agreement. Protesting wage, pension cuts planned in 2014 budget. Demanding resignation of government, referendum on Portugal’s euro membership.
Over the next decade, they can move to a system in which drivers pay per mile of road they roll over. GPS monitoring, use the little boxes to keep track of the miles you drive, and possibly where you drive them then use the information to draw up a tax bill.
Syrian refugees make up a quarter of Lebanon's population, the country's fragile systems are stretched and tensions, rising. Families living in flimsy tents face winter. 300,000 Syrians had crossed into Lebanonm Palestinian refugees: 400,000 remain in the country in desperate conditions.
Companies listed on the S&P 500, almost one in nine paid an effective tax rate of zero percent or lower the past year, Verizon, News Corp. Seagate (market value $15.9 billion)Public Storage (market value $29.5 billion), General Motors.Involves moving revenues from companies to tax haven countries.
Hundreds of thousands of Americans who purchase their own health insurance received cancellation notices, plans don't meet Obamacare requirement. Cancellations exceed Obamacare enrollees. Florida Blue 300,000, California Kaiser Permanente 160,000, Blue Shield of California 119,000 notices
The U.S. Navy turned over the 1,067-foot behemoth to a Texas company, All Star Metals, to be dismantled, scrapped and recycled, giving the firm the sum of one penny for its trouble, Navy officials announced.
White House:deadline for Americans to buy health insurance extended until March 31, will give those who buy health insurance through new online marketplaces extra six weeks to obtain coverage before they incur a penalty. Not related to technical problems of Website, healthcare.gov.
Big companies, health advocates fight over junk-food taxes. Senate debating: five-percent tax on snacks, sweets, potato chips, soda. Fiscal reform package introduced by President Enrique Pena Nieto to improve tax collection. Also increase income taxes on higher earners.
Striking oil workers battled Brazilian army troops in Río de Janeiro Monday. The army and security forces fired tear gas rubber bullets. President Dilma Rousseff issued decree mobilizing 1,100 troops to suppress protests by striking employees of Petrobras, the national oil company.
Nancy Salgado worked at McDonald’s 10 years, poverty wage, called employee hotline, McResources, seeking help. No assistance, McDonald’s operator suggested food pantries, food stamps, Medicaid. Conversation recorded, released to public. Half of fast-food workers receive public assistance.
Half of those workers ineligible to do work for the IRS because they are not enrolled in installment plans to pay the taxes they owe. Unlike other federal agencies,IRS requires employees to comply with federal tax laws. they have to file returns on time, pay taxes they owe or enroll in a payment plan.
Israel has as many as 8,500 slaves, driven by the sex trade, human trafficking according to a new study of worldwide slavery. Israel placed 111 out of 162 slave-holding countries. Mauritania was found to have the most serious slavery problem.
Former University of California, Davis police officer who pepper-sprayed Occupy protesters reached worker’s compensation settlement with university:$38,059 in accordance with state laws. The 40-year-old former officer said he suffered depression,anxiety after death threats to him and his family
A federal jury: Bank of America defrauded mortgage finance firms Fannie Mae and Freddie Mac with lending program that fast-tracked mortgages ahead of housing bust. The jury’s ruling sets Bank of America on course forfederal civil penalty to be determined by US District Judge Jed Rakoff.
Multi-million dollar campaigns funded by Monsanto, Coke, Pepsi, Nestle. Proposition 522 currently before Washington to label GMOs is down to the wire. aim to confuse public, sway our voting. GMO advocates maintaining lead of 46% (against 42%, 12% of voters undecided).
China’s is seeking oil, natural gas and other raw materials to keep the world’s second largest economy moving, scrambling for resources worldwide, two Chinese state firms winning production rights to a multi-billion-barrel deepwater oilfield off Brazil. South America both abundant reserves, resources.
Britain is threatening to secede; the euro, battered by four-year debt crisis, at risk of splintering; anti-euro forces advancing in France, separatists are pushing to burst the U.K., Belgium and Spain. Collapse, slow decline, or renaissance are the EU’s three alternative futures.
US homeless shelters are struggling to accommodate the growing number of poor Americans. The face of the average tenant has been changing in the past few years, and sometimes even a full-time job doesn't mean you can afford a place to live. RT's Marina Portnaya reports.
Spanish government is set to become the first in Europe to tax something that's been free and available to everyone since the dawn of time - sunlight. Madrid wants to impose a levy on solar power, to help plug its yawning energy debt.
After the surprising election victory of the National Front at a municipal election, Marine Le Pen is now fully on the issue of euro-exit German Chancellor Angela Merkel proposed the EU Commission should play a pivotal role in budgetary policy of nation-states.
Tax burden for companies will fall in the coming three years by €10.6 billion, financed by spending cuts in the public sector. Cuts will be made to pensions, health sector,essential services in social welfare, infrastructure not be able to afford to operate in coming year, or do so with great difficulty.
A year and a half after Detroit Mayor David Bing privatized the management of the Detroit bus system, service has worsened dramatically, riders say, with buses sometimes arriving up to four hours late. Much weekend and all overnight service ended, shutting down of numerous routes.
Workers demanded higher wages and better hours,protests in 15 different cities in September. Workers make so little they have to rely on public benefits, with workers at a single location needing $1 million in food stamps, Medicaid, other programs. Protests, strikes in fast food industry, have spread to 60 cities
Scramble for the vast mineral resources of the country: oil, copper, iron,, cobalt, gold, lithium, barite, chromite, coal, copper, gold, iron ore, lead, natural gas, petroleum, salt, sulfur, talc, zinc among many other minerals. emerald, lapis lazuli, red garnet and ruby
Growing number of antibiotic-resistant bacteria:1 Antibiotic overuse 2 Factory farming where large scale antibiotic use is the norm. This overuse of antibiotics has triggered the bacteria-causing-infections to get stronger for self-preservation.
Researchers tested popular diabetes drug (metformin- MET) compared with grape seed extract. MET and grape seed extract reduced high blood sugar levels, elevated blood insulin. the drug is toxic to cardiovascular system, linked to cardiac events. Grape seed extract no risks.
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