Warren Buffett has a great op-ed in today’s Times, in which he says it is time for Washington to extend the “shared sacrifice” we hear so much about to the rich, including himself: OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends […]
Yesterday John Boehner said there would be no debt ceiling increase without cutting trillions in spending: “Without significant spending cuts and changes to the way we spend the American people’s money, there will be no debt limit increase,” Mr. Boehner told members of New York’s business and finance community. “And cuts should be greater than […]
The Economic Policy Institute has released a chart showing the average overall tax rates in 1979, 1992 and 2007. The picture isn’t pretty. While the tax rate for you, me and the other 99% of this country has remained pretty much the same over the years, the tax rate for the top 1% has seen […]
Last week the Republican’s in the House voted to save the billions a year in tax subsidies to the oil industry, yet providing assistance to the low-income for their heating bills is on the chopping block. This week the House AG committee decided to keep the farm subsidies, which total close to $20 billion a […]
Perhaps a good place to start looking at government waste is in the military contracts, specifically those tied to the wars in Iraq and Afghanistan: A new report from a bipartisan commission set up to scrutinize the unprecedented use of contractors in Iraq and Afghanistan concludes that the United States has wasted tens of billions […]
The islamophobic fundamentalists in America are at it again: In protest of what it calls a religion “of the devil,” a nondenominational church in Gainesville, Florida, plans to host an “International Burn a Quran Day” on the ninth anniversary of the September 11, 2001, attacks. The Dove World Outreach Center says it is hosting the […]
It’s been three years since Viacom went after YouTube for the Viacom videos being on the site. Today a judge threw out the lawsuit: Today, the court granted our motion for summary judgment in Viacom’s lawsuit with YouTube. This means that the court has decided that YouTube is protected by the safe harbor of the […]
Yesterday BP saw a huge decline in it’s value as their stocks lost 15% of their value: As BP hacked away at a pipe gushing oil at the bottom of the Gulf of Mexico, investors sawed off 15 percent, or $21.1 billion, of the company’s market value Tuesday. Some are pointing to the announcement by […]
Stories like his always make me think of how much we are screwing with Mother Nature and how much she fights back: But farmers sprayed so much Roundup that weeds quickly evolved to survive it. “What we’re talking about here is Darwinian evolution in fast-forward,” Mike Owen, a weed scientist at Iowa State University, said. […]
John Cole reminds us of a harsh reality when it comes to the little $15 billion jobs bill: What is fifteen billion? A couple weeks of unemployment benefits? Not to go all Everett Dirksen and everything, but we ***LOST*** almost that much in Iraq, and no one flinched. But $15 billion is going to remedy […]