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Zigg

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  • Many U.S. companies are holding most of their cash overseas in order to avoid paying U.S. taxes, a WSJ analysis of their public filings shows. While giving little sense of how that cash would be deployed if repatriated, the findings support the argument that a change in tax policy would result in a flood of cash back into the U.S.  [View news story]
    Corporal American citizens pay taxes on their worldwide income... If you go to Botswana and make some money, you have to report it and pay the US its cut...

    Unless there's a specific tax treaty, we mere humans get double taxed on foreign income...
    Sep 24, 2011. 11:16 AM | 2 Likes Like |Link to Comment
  • By Wilbur Ross' calculations, the President's job plan will cost $400K in spending for every $50K/year job - far too expensive to make sense. Ross instead calls for something dramatic: the elimination of personal and corporate income taxes, and imposition of a VAT.  [View news story]
    FTFA:
    "And he contended it would cost up to $400,000 in federal spending for each $50,000 a year job, so "it would be cheaper just to give everybody a $50,000 job.'"

    ie, hire federal workers
    Sep 13, 2011. 08:24 AM | Likes Like |Link to Comment
  • Policy makers may not have commited felonies in the traditional sense, but they were "crimes" nevertheless, writes Forbes' Robert Lenzner of our failure to pull ourselves out of the 2008 recession. They were "crimes of bad policy, crimes of financial illiteracy, crimes of stupidity, crimes of poor leadership."  [View news story]
    It's a shame SA took away the thumbs down.... the like button is lame, and no one uses it compared to the old system
    Aug 19, 2011. 09:55 PM | 2 Likes Like |Link to Comment
  • The House passes the Boehner budget bill, 218-210.  [View news story]
    Awesome - then we can all have pre-existing conditions as of the date of the repeal, young adult children can be dropped from their parents' insurance, and no more preventative medicine!
    Yippee!
    Jul 30, 2011. 09:05 AM | 1 Like Like |Link to Comment
  • The Senate votes to table the Boehner debt plan 59-41.  [View news story]
    Since you served in Vietnam, I assume you reject that Government provided, "socialist" free health care from the VA, no?

    ..based on your Tea Party principles about rejecting the government dole & all...
    Jul 30, 2011. 08:49 AM | 1 Like Like |Link to Comment
  • The Senate votes to table the Boehner debt plan 59-41.  [View news story]
    The zeal of the 1960's space race or Interstate highway program was funded by higher tax rates than today.

    Can't have it both ways...
    Jul 30, 2011. 08:45 AM | 1 Like Like |Link to Comment
  • Maybe this will be one less thing to replace around the house: The House approves a provision to save the 100-watt incandescent light bulb for at least a year. Legislation passed in 2007 would have effectively pushed the traditional bulbs off store shelves, starting with the 100-watt version next year.  [View news story]
    The Southern perspective on that "provision" did not go very well for them
    Jul 16, 2011. 09:55 AM | Likes Like |Link to Comment
  • MarketWatch's Jeff Reeves offers a radical solution to the default issue: just walk away like a homeowner underwater on a loan. "It is better to simply wash our hands of this mess, suffer the short-term pain and come out a better nation on the other side," he writes.  [View news story]
    *facepalm*

    LoL
    Jul 14, 2011. 05:41 PM | 1 Like Like |Link to Comment
  • Pulling out the big guns in the battle over the debt ceiling, President Obama tells CBS he cannot guarantee Social Security checks will go out on August 3 if the issue is not resolved. "There may simply not be the money in the coffers to do it."  [View news story]
    They already have a voluntary type 401k plan.
    Jul 12, 2011. 08:30 PM | 1 Like Like |Link to Comment
  • Pulling out the big guns in the battle over the debt ceiling, President Obama tells CBS he cannot guarantee Social Security checks will go out on August 3 if the issue is not resolved. "There may simply not be the money in the coffers to do it."  [View news story]
    You win the Most Wrong Answer of the thread. If you think "the mess" started in 2008, you have a very limited understanding of American history.
    Jul 12, 2011. 08:27 PM | 5 Likes Like |Link to Comment
  • DoubleLine chief Jeff Gundlach, in a conference call with investors, doesn't share the view that not lifting the debt ceiling is a disaster. He instead believes it will result in "instant austerity" where cuts are made to everything except coupon payments. More worrisome: the growing U.S. wealth inequality - if not solved at the ballot box, it will be solved in the streets. (Full presentation).  [View news story]
    you tell me what yet another debt ceiling increase will solve. why even have a "ceiling?"

    No, raising the debt ceiling avoids a default on creditors, not to solve everything. A political debate on the debt (which really only seriously began in the past 10-12 months) takes time and will not be solved in 1 vote re: debt ceiling. It won't even be solved by the time a federal budget is passed (likely continuing resolutions).

    If you don't like paying taxes now, you REALLY won't like paying it when the USA has to pay more to service debt without anything more beneficial to show for it (ie., entitlements/military/...
    Jul 12, 2011. 08:25 PM | 1 Like Like |Link to Comment
  • With a U.S. student dropping out of high school every 26 seconds, the unemployment rate seems sure to keep rising. Dropouts are ineligible for 90% of the total jobs in the economy, and those who find work earn 40 cents of every dollar a college grad earns. And in this recession, the gap between educational haves and have-nots is growing.  [View news story]
    Commentators are grouping all public schools to discuss the dropout rate. You'll find a more useful assessment by comparing public schools' drop-out rates in wealthier neighborhoods to the rates in poorer neighborhoods.
    Jul 12, 2011. 08:19 PM | 1 Like Like |Link to Comment
  • With a U.S. student dropping out of high school every 26 seconds, the unemployment rate seems sure to keep rising. Dropouts are ineligible for 90% of the total jobs in the economy, and those who find work earn 40 cents of every dollar a college grad earns. And in this recession, the gap between educational haves and have-nots is growing.  [View news story]
    and don't forget that if we have fewer young people and more old people, the younger generation is burdened more to pay for the older, more dependent seniors
    Jul 12, 2011. 08:17 PM | 1 Like Like |Link to Comment
  • A House panel will examine pipeline safety on Thursday as Exxon Mobil (XOM) continues cleaning up a spill from a line that released as much as 1,000 barrels of crude oil into the Yellowstone River in Montana. Contamination has been seen at least 240 miles downstream from the leak site.  [View news story]
    pris·tine/ˈprisˌtēn/Ad...
    1. In its original condition; unspoiled.
    2. Clean and fresh as if new; spotless.

    Yes, so probably used "pristine" to mean that before the leak it wasn't a 25 mile oil-slicked river

    And unless bald eagles suddenly decided not to be birds and instead live in the water, I don't think we have to worry about them being covered in sludge...
    Jul 10, 2011. 02:25 PM | 4 Likes Like |Link to Comment
  • Alberta has become one of the world's newest petroleum powerhouses, but environmental concerns cause the Obama administration to continue to delay the proposed expansion of a pipeline that could nearly double exports from Alberta to the U.S. Exasperated Canadians are eyeing China and other Asian markets to take up the slack.  [View news story]
    See www.reuters.com/articl...

    Today - Sunday, July 10, 2011
    * 7:07 AM A House panel will examine pipeline safety on Thursday as Exxon Mobil (XOM) continues cleaning up a spill from a line that released as much as 1,000 barrels of crude oil into the Yellowstone River in Montana. Contamination has been seen at least 240 miles downstream from the leak site.
    Jul 10, 2011. 09:45 AM | Likes Like |Link to Comment
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