OBAMA’S NEW TAX PLAN WOULD SLASH CORPORATE RATES BY UP TO 10 PERCENT. (New York Times) Seeking to beat potential Republican vials to the fore of the “tax debate,” President Obama on Wednesday announced sweeping proposals for overhauling the nation’s corporate tax code. Currently sitting at a listed rate of 35 percent, the White House [...]
IN SOUTH AFRICA, THE FREEDOM CHARTER IS A DEAD LETTER (BUT NOT TO WORRY, NELSON MANDELA’S PICTURE IS ON THE NEW SOUTH AFRICAN CURRENCY.) (Black Agenda Report) The current President of South Africa, of the revolutionary ANC party, makes it clear that nationalization of the mining industry, as pledged in the 1950s-era Freedom Charter of [...]
The federal government’s case against banks for duplicitous and potentially illegal mortgage practices may be reaching an unsatisfactory final settlement even as one of the largest perpetrators of foreclosure fraud takes outrageous steps to block further investigation into their actions at the height of the housing crisis. Tens of millions of homeowners remain “underwater,” owing [...]
Swathed in comforting talking points and politically sharpened rhetoric, a seemingly innocuous report from President Obama’s “jobs panel” may be a troubling preview of the near future in Washington policymaking. It also underscores the likelihood that President plans on running his hotly contested reelection campaign and his presumptive second term as a committed centrist. One [...]
Highly controversial internet anti-piracy legislation that has caused major web sites to go black in protest and a groundswell of public backlash has been killed — for now — in both the House and Senate. The sponsor of anti-piracy legislation in the House announced on Friday that he was pulling his bill in order to [...]
What many lawmakers see as a key component of America’s future energy supply is leaving residents of many states quite literally quaking in their sleep, as fallout from aggressive natural gas exploration hit the country in frightening and unexpected ways. Scientific experts have determined that a series of strong earthquakes in a region of Ohio [...]
There is no wording in the First Amendment granting citizens the right to free assembly so long as they pay for cleanup costs. The Constitution does not intimate that the people may protest their elected leaders only if they foot the bill for law enforcement. Just don’t tell that to Wisconsin Gov. Scott Walker. Walker, [...]
OCCUPY PROTESTERS “SUDDENLY START SMELLING” TO LIBERAL CLASS WHEN THEY BEGIN TO CHALLENGE “PROGRESSIVE” DEMOCRATS. (In These Times) Expanding on the thesis of a new book by Chris Hedges, Joe Macare notes how “liberal” pundits like some of those who write for the Huffington Post seem to draw the line at the legitimacy of the [...]
The highly controversial $39 billion proposed merger of the second and fourth-largest wireless data companies in the United States is teetering on the precipice of failure. While consumer advocates are cheering the news, many warn that the financial enormity of the deal and the deep political connections involved mean it is nowhere close to dead. [...]
NIGHT OF TERRORISM IN THE WAR ON TERRORISM. (IPS News) Rebecca Murray describes from the view of civilians in Hakimabad in eastern Afghanistan one of the innumerable night-time raids of International Security Assistance Forces, engaged in their continuing the task of routing out Taliban presence in country. On the mere suspicion of their involvement with [...]
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