tagged w/ loopholes
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"We don’t really care that much how they’re going to fix the economy, how they’re going to fix the whole situation. Our job is to make money from it, and personally, I’ve been dreaming of this moment for three years. I have a confession, which is, I go to bed every night and I dream of another recession. I dream of another moment like this. Why? Because people don’t seem to maybe remember."
http://veracitystew.com/2011/09/27/stock-trader-goldman-sachs-rules-the-world-video/"We don’t really care that much how they’re going to fix the economy,... more
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Let me see if I can't cheer you up a little by telling you how corporations are helping carry our tax burden. http://www.billschmalfeldt.com/?p=26060Let me see if I can't cheer you up a little by telling you how corporations are... more
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Only the congressional progressive caucus evidences that they "get" what the people demand, and what needs to be done to begin healing our economy; and it's not further fattening of the corporations and wealthy, like force feeding a goose to produce foie gras!
Only THEY, insist that we must remove all military from Iraq and Afghanistan, as the keystone to spending reduction. That, coupled with cuts in subsidies, tax abatement, closing loopholes and taxing those who have stolen, and now have, all of our money, we have no deficit or debt problems.
"The broad sketch proposes to end the Bush-era tax cuts on high income earners, enact a surtax on millionaires and billionaires, increase the the estate tax and eliminate corporate tax loopholes and subsidies for oil and coal companies. It also aims to create a public health insurance option, end the wars in Iraq and Afghanistan, and invest $1.45 trillion in "job creation," energy, housing and education programs.", as reported in the Raw Story.
Why then, "would ( it ) have a hard time winning over more than a handful of Democrats in the Senate."? Because all of the other Democrats are apparently on the take as much as the Republicans are! Any legislator who does not wholly support the progressive caucus budget, are conspicuously, NOT, advocates for the people!
http://www.rawstory.com/rs/2011/04/11/house-progressives-offer-budget-tax-the-rich-end-the-wars-slash-oil-subsidies-invest-in-jobs/Only the congressional progressive caucus evidences that they "get" what the... more
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Just what kind of person can get away with saying whatever comes to mind? What kind of man or human can say the single darkest, unholy, controversial, racist, and vulgar sentence imaginable and still get his or her friends, family and neighbours to turn the other cheek? What kind of person can attain diplomatic immunity, without filing any paper work? What kind of person is literally untouchable? And no, I’m not referring to the dude responsible for Wikileaks. Allow me to perform a character sketch...
read on @ http://www.forgetthebox.net/mag/forum-m/how-to-get-away-with-saying-anything-political-correctness%E2%80%99s-loophole.php
and don't forget to check us out on twitter & Facebook: (@ForgetTheBox)Just what kind of person can get away with saying whatever comes to mind? What kind of... more
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I was reading the business pages of the New York Times today, and I caught an article at the bottom of Page B3 entitled “Vote Backs a Financial Oversight Body.”
And I thought, great, finally, we’re going to get some much-needed regulation of the banks.
But then I read the fine print.
And it turns out there’s less here than meets the eye.
And that’s because, as the article noted, “a group of Democrats [in the House] with close ties to the banking industry” succeeded in diluting the bill in Barney Frank’s Financial Services Committee.
Originally, the bill would have granted wide authority to the states to regulate banks more vigorously than the federal government has been doing.
But the Democrats in the back pocket of the banks, along with Republicans in the front pocket, didn’t want those pesky states to be able to tell the banks what to do.
So they tried to outlaw entirely the rights of states to impose stiffer regulations.
The House ultimately compromised by allowing the Comptroller of the Currency to override the state regs if they are “significantly” at odds with the federal regs.
Well, what does “significantly” mean?
And why should the Executive Branch be the one to decide this issue?
We’ve seen the catastrophic results that ensue when the Executive Branch is the final word on bank regulation.
Michael Hirsh of Newsweek points out another warping of the bill by the House Democrats. Turns out that Wall Street will still be able to trade some derivatives in the dark.
“Thanks to weeks of intense pressure from Wall Street banks and their customers in corporate America, the bill that was approved on Thursday by Rep. Barney Frank's Financial Services Committee is riddled with exceptions and loopholes, many critics say,” Hirsh wrote. “If it becomes law, Wall Street's finest could be driving truckloads of new derivatives products through those loopholes for years to come.”
So, after Wall Street destroyed the U.S. economy by gambling on derivatives, the Democrats in Congress still are failing to muster the necessary backbone to thoroughly regulate them.
What Sen. Durbin said of Congress a few months ago is still true today: “The banks own this place.”I was reading the business pages of the New York Times today, and I caught an article... more
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A judge has decided that a suburban Seattle woman who registered her Australian shepherd-terrier mix to vote has spent enough time in the legal doghouse.
Jane Balogh (BAY'-loh) had been charged with making a false statement but entered into a plea agreement last year. A King County judge dismissed the charge Monday after Balogh showed that she had paid $240 in court costs and completed community service.
Balogh says she registered her dog Duncan to protest a loophole in the law that she says makes voter registration so easy a nonexistent person could be added to the voter rolls.
She says she made no secret of her action after the fact, telling a number of elected officials she had registered her dog.
And she says Duncan never voted.A judge has decided that a suburban Seattle woman who registered her Australian... more
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Tax and accounting loopholes that largely benefit rich taxpayers and companies cost the government $20 billion a year even as the pay gap between chief executives and employees has widened, two groups said on Monday.
The biggest loss comes from a "stock option accounting double standard" that allows corporations paying executives stock options to deduct more than their actual expenses, they said.
LINK IS HERE:
http://www.reuters.com/article/domesticNews/idUSN2235030820080825
Tax and accounting loopholes that largely benefit rich taxpayers and companies cost... more
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After a hiatus of nearly three decades, nuclear energy is booming. Seventeen power companies in the U.S. are making plans to build more than 30 nuclear plants.
One important factor in the resurgence: new federal and state laws that help utilities pay for nuclear plants that, if completed, would be among the most expensive projects ever built in the country.
One state where nuclear power is making a comeback is Florida. At a meeting last week in Tallahassee, Florida's Public Service Commission voted to approve the state's first new nuclear plants in decades.
Commission member Nathan Skop hailed the decision. "Simply put, nuclear power is a strategic investment for the state of Florida and our national security—to reduce our dependence on foreign oil and to protect our environment," he said.
After a hiatus of nearly three decades, nuclear energy is booming. Seventeen power... more
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