WHAT’S IN CAPITAL ONE’S WALLET? A BIG MERGER WITH AN ONLINE BANK, THEY HOPE.
(In These Times)
The bank, recipient of a $3.6 billion bail-out as one of those “too big to fail” banks, now hopes to become even bigger (the country’s fifth largest bank) by a merger with ING’s online banking. As the Federal Reserve holds hearings around the country, opponents are pointing out that Capital One is already hoarding in their “wallet” funds that could be used to help make loans to people in dire need of same. Capitol One is encouraged by the support of such “Democratic allies” as Virginia’s Governor Tim Kaine as well as Jack Markell, the Governor of Delaware, the home state of the bank whose citizens will largely foot the bill the for the merger.
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SCREW TRYING TO WORK IN THIS WORKER-HOSTILE U.S.A.—I’M HEADED FOR ESTONIA!
(Counterpunch)
New international survey of 34 “relatively rich” countries shows the U.S. a distant dead last in measures of “worker protection” in areas such as job security—even relatively “impoverished” countries like Mexico lay the U.S. in the shade. This is understandable, given the assault on any kind of federal or state regulation of work place practices, assaults enabled by the weakness of union enrollment and a Democratic Party terrified at the political consequences of any vigorous protection of workers’ rights.
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“TOUGH” ALABAMA IMMIGRATION LAW MAY BE HAVING TOUGHER CONSEQUENCES THAN ITS SUPPORTERS HAD INTENDED.
(Christian Science Monitor)
As police and school officials are now tasked to ferret out illegal immigrant residents, the recent boom in Hispanic population is now becoming a reverse boom to leave the state, as even legal immigrants may find themselves faced with such as “American citizenship” tests that even most Americans could not pass. Even as legal adjudication of the law has not been finished, already farm crops are rotting in the fields as immigrant workers cannot be found to harvest them.
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TAX-GRUBBING 101: DOES A NON-PROFIT CHURCH RENTING PART OF ITS BUILDING TO A NON-PROFIT YMCA HAVE TO PAY TAXES ON THE RENT?
(Idaho Statesman)
In Idaho, it may just have to, as Ada County tax assessor is assessing the possibility of rescinding a 16-year understanding that has exempted this part of the income of the church, which really doesn’t “profit” from the rental, but simply uses it to make the Y its “partner” in covering maintenance costs for the building. But you know tax officials officials: where’s piece of income, there’s a way to tax it.
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WHO’D HAVE THOUGHT IT? FLORIDA’S NEW LAW FORBIDDING LOCAL GUN CONTROL LAWS MAY RESULT IN CLOSING OF SARASOTA SHOOTING RANGE.
(Sarasota Herald Tribune)
The new law, which may open up more concealed weapons carrying in public places, may have unintended consequence of forcing the range to close, because the “safety regulations” required for a shooting range seem to be precluded by the law. NRA advocates who spearheaded passage of the law say this is a misinterpretation of same.
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Quote of the day…
We can restrict having clubs, flame throwers and hand grenades, but when it comes to firearms, we can’t restrict them.
Kraig Conn, legislative counsel for the Florida League of Cities, on new Florida law forbidding localities from regulations weapons carry in public places.
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Banksters would rather pay lobbyists than taxes. completely anti-American in every way
Banks are just big Ponzi schemes anyway. They don’t have our money – they lend it out. They’re just hoping all of us don’t ask for it back at once.
Ironically now they’re lending less – they’re sitting on enormous piles of reserves; they make their money from interest payments by the gov (read by you and me) on their excess reserves.
Cut up your Capital One cards and let these greedy losers go out of business…