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BY SHELDON RICHMAN - In his State of the Union speech Tuesday night President Obama played the fairness card in calling for higher taxes on upper-income people. He said: [W]e need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes. [...]
BY Lachlan Markay - George Soros, a billionaire investor and major backer of President Obama, stands to reap a windfall from legislation promoting natural gas-powered vehicles. The White House unveiled a proposal on Thursday that would do just that. The proposal would offer incentives for companies to buy and use trucks powered by natural gas. [...]
In 22 states in the Union, workers have the freedom under "Right-to-Work" laws to decide whether or not to pay union dues, and now Indiana is poised to become the twenty-third state on that list, bringing the workers there renewed hope in an economy that has seen few glimmers of light. (Hawaii is not a [...]
BY CONGRESSMAN RON PAUL, R-TEXAS - The Federal Reserve's interest rate price-setting board, the FOMC, met last week. They will continue to set the federal funds rate at well below 1%, and plan to keep it low until the end of 2014. That's a year and half longer than they planned when they met just last month. [...]
The Help, a movie about African American maids in the 1960s in (the U.S. state of) Mississippi was the big winner at Sunday's 18th annual Screen Actors Guild Awards. The film won best ensemble, best actress for Viola Davis and best supporting actress for Octavia Spencer. In accepting her award Davis said the "stain of [...]
A media report says the U.S. military plans to send a floating base for commando teams to the Middle East, where relations with Iran are tense and other nations are in the midst of political upheaval. The Washington Post newspaper on Saturday cited unspecified U.S. Navy documents saying the service plans to convert an aging [...]
The latest political polls indicate U.S. Republican presidential hopeful Mitt Romney is surging ahead of rival candidate Newt Gingrich in Florida, just two days before that southern state holds its primary. A new (NBC/Marist) poll Sunday showed Romney with the support of 42 percent of Florida Republicans, while Gingrich trailed with 27 percent. Romney, a [...]
The U.S. government says incomes for American workers increased in December, allowing them to put more money in their savings accounts even as their consumer spending stalled. In the U.S., consumer spending accounts for 70 percent of the national economy. But the government said Monday that it was little changed in December, even during the [...]
Anti-Wall Street protesters are facing a deadline to stop camping at two public parks in Washington D.C. or risk arrest. The National Park Service warned demonstrators they could be arrested and have their property seized if they fail to adhere to the rules after Noon, Monday. Protesters have been sleeping in the two parks a [...]
Japan has issued a new census estimate warning that its population — currently 128 million — could shrink by one-third by the year 2060. Officials say life expectancy continues to increase, while birth rates continue to decline. Seniors 65 and over are projected to account for 40 percent of the country's residents by 2060. The [...]
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