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Business/Economy (News/Activism)

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  • Republican Tax Bill Cancels $23 Billion In Tax Credits For Illegal Aliens

    11/09/2017 11:48:39 AM PST · by Thalean · 32 replies
    National Economics Editorial ^ | Nov 6, 2017 | Editorial Staff
    "According to its authors, the new GOP tax bill will strip illegal immigrants of their ability to claim and collect several major tax credits. Doing so will save the federal government an estimated $23.1 billion over the next decade. The bill will do this by closing IRS loopholes and requiring all taxpayers to submit work-eligible Social Security numbers in order to claim tax credits. This may come as a shock to some who take for granted the assumption that illegal aliens don’t receive state benefits—especially tax credits. However, it’s an open secret that the IRS has allowed illegal aliens who...
  • How Responsible Is Each Country When an Extreme Climate Event Strikes?

    11/09/2017 11:12:04 AM PST · by Oldeconomybuyer · 23 replies
    Inside Climate News ^ | November 9, 2017 | BY BOB BERWYN
    When a damaging heat wave occurs, how much responsibility do the major greenhouse gas-emitting countries bear? It's a question scientists say they're getting closer to answering at a country-by-country level. As international climate negotiators meet in Germany this week, a team of scientists has published a method for estimating how individual countries' shares of global greenhouse gas emissions over time contributed to the risk of specific extreme climate events, like heat waves, occurring in other countries. The new techniques "make it possible to assign extreme events to human-induced climate change and historical emissions," and "allow losses and damage associated with...
  • Insurance failing 70 per cent of global warming damage, climate experts warn

    11/09/2017 9:41:11 AM PST · by Oldeconomybuyer · 23 replies
    Imperial College London ^ | November 9, 2017 | by Miss Lottie Butler
    The effects of climate change, such as droughts, wild-fires and extreme weather are a particular concern for those living in countries where people cannot afford to protect themselves against such disasters. Globally, 70% of the damage caused by climate change events, and 98% in developing countries, doesn’t get compensated unless the government steps in, delegates heard at the 23rd Conference of the Parties (COP23) to the United Nations Framework Convention on Climate Change (UNFCCC), which is taking place in Bonn, Germany. Climate risk insurance – which provides financial compensation for people following climate-related disasters – could be a powerful tool...
  • Senate to delay corporate tax cut, breaking with Trump and House

    11/09/2017 9:01:16 AM PST · by GIdget2004 · 67 replies
    The Hill ^ | 11/09/2017 | Brett Samuels
    Senate Republicans plan to propose delaying a cut in the corporate tax rate until 2019, The Washington Post reported Thursday. The proposal breaks with President Trump’s insistence that a corporate tax cut be put in place immediately. The House's tax reform legislation proposes gradually lowering the corporate tax rate from 35 percent to 20 percent starting in 2018. Senate Republicans are scheduled to share their tax overhaul proposal on Thursday afternoon.
  • 'Rapid loss' of US diplomats under Trump Administration prompts fears of weakened influence [barf]

    11/09/2017 8:19:19 AM PST · by Olog-hai · 29 replies
    Deutsche Welle ^ | 11.09.2017 | Ajit Niranjan
    The ranks of top US diplomats are being depleted at a “dizzying” speed, the head of America’s diplomatic trade union has warned. Since January, the number of “two-star” minister counselors has dropped by 42% and “three-star” career ministers by 14%, according to Barbara Stephenson, president of the American Foreign Service Association (AFSA) and former ambassador to Panama. At the highest ranks of the State Department, the number of career ambassadors has dropped from five to two, after the retirement of three top diplomats. “These numbers are hard to square with the stated agenda of making State and the Foreign Service...
  • The GOP’s Fixation on Giant Corporate Tax Cuts Is Political Insanity

    11/09/2017 6:03:55 AM PST · by C19fan · 123 replies
    New York Magazine ^ | November 8, 2017 | Eric Levitz
    The Republican Party’s “middle class tax cut” plan has a minor problem: It actually raises taxes on much of the middle class. Tax experts and progressive think tanks have been trumpeting this inconvenient truth for weeks. But now, Congress’s own Joint Committee on Taxation has confirmed this finding, making it far more difficult for Republicans to ignore. According to the JCT, if the Republican plan passses, one-fifth of American households will pay higher taxes in 2027. While more middle-class families would be helped than hurt by the GOP plan, the fact that any will wind up forking over more money...
  • What Happens When Google Disagrees With You? [video]

    11/09/2017 5:38:53 AM PST · by servo1969 · 22 replies
    Prager University ^ | 11-9-2017 | James Damore
    I used to be a senior software engineer at Google. Until they fired me. For doing something unforgivable... Something so controversial that it was the number one news story for days. My crime: I wrote an internal document that, among other things, suggested that men and women, on average, are different. Like I told you: Unforgivable. The politically progressive viewpoint, which is dominant at Google and in the media, is that all disparities in society are due to injustices. Or, in this case, that the gender gap in tech is solely due to some form of sexism. But is this...
  • Senate Republican tax plan may eliminate property tax deductions and delay corporate cut

    11/09/2017 5:13:23 AM PST · by C19fan · 30 replies
    LA TImes ^ | November 7, 2017 | Lisa Mascaro and Jim Pozzanghera
    As they prepare to unveil their own sweeping tax plan, Senate Republicans are revisiting key provisions of the GOP House proposal, including possibly eliminating property tax deductions as well as state income tax deductions, increasing the size of child-care credits, offering more help to small businesses and having corporate tax cuts phase in or expire, according to those familiar with the negotiations. The final outline of the Senate plan, scheduled to be released Thursday, remained a work in progress, officials cautioned.
  • Monopoly critics decry ‘Amazon amendment’

    11/09/2017 4:45:08 AM PST · by SoFloFreeper · 18 replies
    The (S)Hill ^ | 11/9/17 | Ali Breland
    Lawmakers put the finishing touches this week on military funding legislation that contains a provision that stands to significantly benefit Amazon. The amendment, Section 801 of the National Defense Authorization Act (NDAA), would help Amazon establish a tight grip on the lucrative, $53 billion government acquisitions market, experts say. The provision, dubbed the “Amazon amendment” by experts, according to an article in The Intercept, would allow for the creation of an online portal that government employees could use to purchase everyday items such as office supplies or furniture.
  • Maryland renews effort to get federal money for I-81

    11/09/2017 1:12:10 AM PST · by Tolerance Sucks Rocks · 15 replies
    The Hagerstown Herald-Mail ^ | November 8, 2017 | Mike Lewis
    Maryland has submitted another grant application seeking federal money to help widen part of Interstate 81. The application will face a little less competition, because another Maryland project was withdrawn. "I feel pretty good (about the application) for a couple of reasons. ... We're a large project that's not looking for a lot of money in a rural area," Matt Mullenax, executive director of the Hagerstown/Eastern Panhandle Metropolitan Planning Organization, said Monday. The $81.9 million project would extend the widening of I-81 to six lanes from Williamsport to Interstate 70. Mullenax said the Maryland Department of Transportation plans to fund...
  • House approves bill to expand hydropower

    11/08/2017 11:07:42 PM PST · by sparklite2 · 13 replies
    Associated Press ^ | Nov 8, 9:21 PM EST | By MATTHEW DALY
    WASHINGTON (AP) -- The Republican-controlled House has approved a bill aimed at expanding hydroelectric power, an action supporters said would boost a clean source of renewable energy but opponents denounced as a giveaway to large power companies. Only 3 percent of the nation's 80,000 dams now produce electricity. Electrifying some of the larger sites - primarily locks and dams on the Ohio, Mississippi, Alabama and Arkansas Rivers that are operated by the Army Corps of Engineers - would generate electricity for millions of homes and create thousands of jobs, an Energy Department report said. The bill would make the Federal...
  • China, US sign more business deals during Trump visit

    11/08/2017 10:57:22 PM PST · by sparklite2 · 3 replies
    Associated Press ^ | Nov 9, 1:31 AM EST | JOE McDONALD and GILLIAN WONG
    BEIJING (AP) -- China on Thursday signed business deals it said totaled $253.4 billion with American companies during President Donald Trump's visit in a tradition aimed at blunting criticism of Beijing's trade policies. The agreements, some of which were less than firm contracts, signed at a ceremony attended by Trump and his Chinese counterpart, Xi Jinping, included the purchase of U.S.-made chipsets, jetliners and soybeans. The two sides agreed to cooperate on a gas project in Alaska they valued at $43 billion and a shale gas demonstration project valued at $83.7 billion. Chinese Commerce Minister Zhong Shan said deals signed...
  • Alaska signs deal to advance pipeline with help from China

    11/08/2017 10:52:23 PM PST · by sparklite2 · 11 replies
    Associated Press ^ | 11/9/17 | MARK THIESSEN
    <p>ANCHORAGE, Alaska (AP) -- The state of Alaska took a major step toward realizing a long-sought pipeline to move natural gas from the North Slope to Asia, siding with interests from China after major oil companies stepped back from the project.</p>
  • Deadly road construction season in Kansas City wrapping up in time for winter

    11/08/2017 7:58:38 PM PST · by Tolerance Sucks Rocks · 26 replies
    The Kansas City Star ^ | November 6, 2017 | Robert A. Cronkleton
    With winter fast approaching, one of the deadliest Kansas City road construction seasons in recent memory is coming to a close. Crews last week removed the concrete safety barriers along the Interstate 435 pavement reconstruction project in Overland Park. ItÂ’s one of several road projects that have caused major crashes, inspiring the department of transportation in Kansas to add rumble strips to the I-435 project. The first season of the two-year project is complete, and crews re-striped the highway over the weekend. The 140,000 vehicles that travel that road every day now can move along the original lanes. The $16.34...
  • Senate Republican tax plan may eliminate property tax deductions and delay corporate cut

    11/08/2017 7:28:05 PM PST · by Mariner · 144 replies
    The Los Angeles Times ^ | November 8th, 2017 | Lisa Mascaro and Jim Puzzanghera
    As they prepare to unveil their own sweeping tax plan, Senate Republicans are revisiting key provisions of the GOP House proposal, including possibly eliminating property tax deductions as well as state income tax deductions, increasing the size of child-care credits, offering more help to small businesses and having corporate tax cuts phase in or expire, according to those familiar with the negotiations. The final outline of the Senate plan, scheduled to be released Thursday, remained a work in progress, officials cautioned. “Everything is on the table,” said one Republican official Tuesday evening, who did not want to be identified discussing...

    11/08/2017 6:30:23 PM PST · by Hojczyk · 40 replies
    Powerline ^ | November 8,2017 | JOHN HINDERAKER
    No doubt, that is pretty funny. But here is the thing: I don’t believe that there is a single person in the world dumb enough to seriously believe that anyone could, or would want to, attach a chain saw to the underside of a rifle and use it as a bayonet. Certainly no one who researched modifications to AR-15s–a subject on which a great deal has been written–would come up with a chainsaw bayonet. I think that some millennial employed (until now) by USA Today thought it would be funny to pimp his employer by including that laughable “aftermarket option”...
  • Former Smallville actress is 'second in command of sex cult under investigation (t)

    11/08/2017 5:18:28 PM PST · by TigerClaws · 34 replies
    A former star of the hit series Smallville has been identified as a high-ranking member of a sex cult. Last month, the New York Times broke the story about a secret sorority that brands women, puts them on starvation diets and beats them if they don't recruit enough 'slaves'. The group, called DOS, is reportedly a secret society for the highest ranking female members within the self-help group NXIVM. To outsiders, NXIVM is just a run-of-the-mill self-improvement group, offering classes that teach the answers to living a successful and fulfilling life. But ex-members told the Times that NXIVM functions as...
  • Federal judge sides with New Mexico ranchers in water case

    11/08/2017 4:13:34 PM PST · by Tammy8 · 21 replies
    FOX Business ^ | November 07, 2017 | SUSAN MONTOYA BRYAN
    ALBUQUERQUE, N.M. – A U.S. court has sided with a New Mexico ranching family in a decades-long battle over access to water on national forest land, providing more certainty that state law allows for the protection of water rights dating back more than a century. The case of the Goss family has been closely watched by thousands of ranchers who hold grazing permits across the West. Attorneys and others say the outcome could have ripple effects on ranchers and rural communities that have often complained about federal land managers trampling property rights. The Goss family claimed the federal government violated...
  • Trump environment nominees pressed on federal climate report

    11/08/2017 3:29:59 PM PST · by Olog-hai · 13 replies
    Associated Press ^ | Nov 8, 2017 3:52 PM EST | Michael Biesecker
    President Donald Trump’s nominee to serve as his top environmental adviser said Wednesday she is unconvinced by a new U.S. government assessment reaffirming that manmade carbon emissions are the primary cause of climate change. Kathleen Hartnett White testified before a Senate committee weighing her confirmation as chair of the Council on Environmental Quality at the White House. White, who is from Texas, reiterated her view that carbon dioxide is a “plant nutrient,” not a pollutant. Pressed by Democrats about the specific evidence linking carbon emissions to global warming, White grew visibly flustered. “I am not a scientist, but in my...
  • Self-driving shuttle crashes in Las Vegas hours after launch

    11/08/2017 2:59:23 PM PST · by jazusamo · 44 replies
    Fox News ^ | November 8, 2-17 | Fox News/AP
    A driverless shuttle in Las Vegas crashed Wednesday after it was launched only hours earlier. The shuttle crashed just before noon not far from the Las Vegas Strip, less than two hours after officials held an unveiling ceremony to promote the vehicle. Dozens of people had lined up to board the shuttle, but no one was injured in the accident, which saw the bus collide with a semi-truck, KSNV reported.