Skip to main content

Home/ Politically Minded/ Group items tagged Corp.

Rss Feed Group items tagged

thinkahol *

FBI Opens Investigation Into Murdoch's News Corp. - 0 views

  •  
    law enforcement official says the FBI has opened an investigation into allegations media mogul Rupert Murdoch's News Corp. sought to hack into the phones of Sept. 11 victims. The official spoke Thursday to The Associated Press on condition of anonymity because he wasn't authorized to speak publicly. New York City-based News Corp. has been in crisis mode because of a scandal that sank its UK newspaper the News of the World. A rival newspaper reported last week the News of the World had hacked into the phone of UK teenage murder victim Milly Dowler in 2002 and may have impeded a police investigation into her disappearance. More possible victims soon emerged, including former Prime Minister Gordon Brown. Murdoch says his media company will recover from any damage wrought by the phone-hacking and police bribery allegations. The FBI's New York office hasn't commented.
thinkahol *

The serial deceit of Geoff Morrell - Glenn Greenwald - Salon.com - 0 views

  •  
    On January 26, 2011, Defense Department spokesman Geoff Morrell stood before the Pentagon press corps and made a series of patently false statements about Bradley Manning (the video is here).  Even taking into account the position Morrell occupies -- in which a penchant for telling the truth is not exactly a job requirement (it actually would be disqualifying) -- this Press Conference was an extraordinary display of pure official mendacity.   Morrell was asked several times about the evidence -- first reported here -- that Manning was being held in repressive and inhumane conditions:  specifically, 23-hour/day solitary confinement, a prohibition on exercising in his cell, and being allowed out only 1 hour per day to "exercise" which entails walking around alone in a room, shackled.  Morrell repeatedly insisted that everything being done to Manning was being done to all of the other detainees at the brig; in his words:
thinkahol *

FOCUS: Pay Your Taxes, Murdoch - 0 views

  •  
    f you had only paid a 6% tax rate over a 4-year period, accumulated $7 billion in offshore profits not subject to US taxes, had over 150 accounts in tax-haven countries like the Cayman Islands and Bermuda, and used the money from your tax dodging to buy another company, you'd be wanted for tax evasion and money laundering. But for Rupert Murdoch's News Corp, that's business as usual.
thinkahol *

Evil Corporate Tax Holiday Gains Bipartisan Support | Rolling Stone Politics | Taibblog... - 0 views

  •  
    The madness that is the proposed tax repatriation holiday is continuing and gathering steam. More and more members of congress are coming out of the woodwork, scratching their chins in contemplative consideration as it were, pretending that they've just realized what a great day a corporate tax holiday would be - not that they've taken gazillions of dollars from the firms lobbying for it or anything. The latest convert seems to be Nevada Democrat Shelley Berkley. Berkley's plan is to offer a pseudo-holiday - not the full-fledged happy-ending massage the companies wanted (i.e. a reduction from 35 percent+ to 5.25 percent) but a mere ten-point shave: Representative Shelley Berkley, a Nevada Democrat, is the latest lawmaker to consider legislation allowing multinational companies to send offshore profits to the U.S. at a reduced tax rate. Her proposal, which was confirmed yesterday by Berkley's communications director, David Cherry, would allow companies to return profits to the U.S. at a 25 percent tax rate, 10 percentage points below the maximum statutory rate. Most companies publicly supporting a holiday, such as Duke Energy Corp., have spoken favorably of the 5.25 percent rate that is being offered by Representative Kevin Brady, a Texas Republican. One thing that people must understand about this tax repatriation business is that it's a wholly bipartisan affair. It's not solely the work of evil Republicans. This is a scheme that requires heavies in both parties to help ram the knotty, hard-to-sell legislation through. On the Democratic side, unsurprisingly, the main actor is going to be Chuck Schumer. John Kerry is also involved with this nastiness. Barbara Boxer led the 2004 effort and the failed 2009 campaign to get a holiday, and is rumored to be lurking somewhere in this business. Note that Cisco, a California corporate heavyweight and one of the companies lobbying most ravenously for this tax holiday, has been a consistent lifelong contributor
Omnipotent Poobah

When Generals Go Off the Reservation - 1 views

  •  
    For the second time, a General has publicly questioned the policies of his Commander-in-Chief. This time, the Marine Corps Commandant is displeased with Obama's desire to abandon Don't Ask, Don't Tell. Whether you agree with DADT or not, generals should not take their criticisms public.
Skeptical Debunker

Bankers winning financial reform battle - Answer Desk- msnbc.com - 0 views

  • Proponents of comprehensive regulatory reform hope for sweeping measures to protect consumers from predatory lending, rein in high-stakes Wall Street trading in arcane derivatives, boost capital requirements for banks that want to bet big with depositors' money and spread some regulatory sunshine on the dark pools of the “shadow banking system” that caught regulators flat-footed when the market spiraled into the abyss in the fall of 2008. “We cannot afford to let the status quo continue,” Sheila Bair, head of the Federal Deposit Insurance Corp., told a meeting of business economists in Washington. The final law is still in doubt. Sen. Christopher Dodd, D-Conn., has pressed for reform during a year of intensely partisan bickering. On Friday, Dodd — a lame duck who announced his retirement after disclosures that he accepted favorable terms from subprime lender Countrywide Financial — claimed that the Senate Banking Committee he chairs was “days away” from wrapping up a bill. Any resolution faces a major political hurdle that has drawn the most public attention: a proposal to create a new agency to protect consumers from predatory lending and other abusive financial practices. While the "systemic risks" to the financial system may represent a bigger threat in dollar terms, voters might be more focused on the consumer impact.Dodd said that’s not hard to understand.“The subject matter of derivatives and swaps and the issue of systemic risk and too-big-to- fail seem somewhat removed from the general public,” he told CNBC after the Senate compromise was reached. “Watching my credit card go to 32 percent rates and huge fees, watching prepayment penalties on mortgages, these are things that millions of people understand.”
  •  
    As Congress this week inches toward a new set of rules to avert another global financial collapse, it is focused on two conflicting goals: reforming the banking system to protect consumers while still giving lenders the freedom to take risks. So far the score looks like: Bankers 1, Consumers 0. More than a year after a wave of risky mortgage bets brought Wall Street to its knees, banks and other financial institutions are still playing by the same rules that got them into the mess.
1 - 8 of 8
Showing 20 items per page