Group items tagged

If you see something, say something!

The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes," says Jack Blum, a tax-haven expert. Being "reasonably conservative," he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data. These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.

With all due respect to Charles Dickens, it appears to be the worst of times for public and higher education in America, if not democracy itself; public schools are increasingly viewed as a business and are prized above all for customer satisfaction and efficiency, while largely judged through the narrow lens of empirical accountability measures. When not functioning as an adjunct of corporate value or a potentially lucrative for-profit investment, public schools are reduced to containment centers, holding institutions designed to largely punish young people marginalized by race and class.

These problems have very little to do with short-term or even medium-term budget arithmetic. The U.S. government is having no trouble borrowing to cover its current deficit. It's true that we're building up debt, on which we'll eventually have to pay interest. But if you actually do the math, instead of intoning big numbers in your best Dr. Evil voice, you discover that even very large deficits over the next few years will have remarkably little impact on U.S. fiscal sustainability. No, what makes America look unreliable isn't budget math, it's politics. And please, let's not have the usual declarations that both sides are at fault. Our problems are almost entirely one-sided - specifically, they're caused by the rise of an extremist right that is prepared to create repeated crises rather than give an inch on its demands.

Articles like these are increasingly laying bare the fact that with the most consequential policy decisions of the U.S. government are largely a result of unaccountable institutional forces that are the ground under which both of the two major political parties operate.

If you like pictures and politics plus you want to learn more about the real President Obama and his administration, these 15 pictures are priceless!

AS Election Day approaches, serious discussion about economic policies is hamstrung by the devotion of both parties to reducing taxes. The big reason, of course, is that President Bush emphasizes tax cuts, including elimination of the estate tax, to the exclusion of almost everything else. The Democrats, in turn, hesitate to propose an economic plan that does not include long-term reductions for middle-income workers, and most refuse to talk about rescinding the Bush tax cuts for the wealthy. But the degree of misleading information emanating from both Washington and the media about how taxes affect the economy is disturbing. As I listen to the radio, watch TV news and read a variety of newspapers, it seems that quite a few Americans, including economics writers and media hosts, think that low-tax countries unquestionably grow faster than high-tax economies. Right and left, they seem to attribute more rapid growth in America to lower taxes. What may surprise them is that there is no evidence for that. ''You can make a theoretical case that high taxes impede economic growth, but it is just not supported by the evidence in the U.S. or across countries,'' said William Easterly, a former World Bank economist soon to join the faculty of New York University.

Planet Money has obtained a secret government report outlining what once looked like a potential crisis: The possibility that the U.S. government might pay off its entire debt. It sounds ridiculous today. But not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global financial system. We recently obtained the report through a Freedom of Information Act Request. You can read the whole thing here. (It's a PDF.) The report is called "Life After Debt". It was written in the year 2000, when the U.S. was running a budget surplus, taking in more than it was spending every year. Economists were projecting that the entire national debt could be paid off by 2012.

IF YOU DON'T KNOW WHAT THE LIBERAL DEMOCRAT AGENDA 21 IS YOU'D BETTER FIND OUT

IF YOU DON'T KNOW WHAT AGENDA 21 IS YOU HAD BETTER FIND OUT!

WATCH AND DECIDE IF THEY HAVE BEEN SUCCESSFUL?

!

If you have ever wondered how to learn Tajweed which is the proper pronunciation, when reading the Koran there are numerous ways at a student's disposal these days. Everything from a classroom setting to online courses to YouTube videos to podcasts, so there is a way for almost everyone to conveniently learn Tajweed. However, how to learn Tajweed can be overwhelming. It is suggested that the beginner, start by learning the Arabic alphabet as the only true way to learn the rules of tajweed is in the pure Arabic form. The latest on the Arabic alphabet are just as numerous everything from videos on YouTube to online instructions to interactive CD-ROMs to books. Once you have learned in the Arabic alphabet sufficiently then you can start to learn the manners of the heart, which are the rules that govern the Koran itself. Once you have mastered those, you can then start to learn. The external manners which are the rules that govern the person doing the recitation, and teach that individual how to conduct him or herself while reading the Koran.

From human evil in wars, drone attacks, and brutal mass killings, to natural disasters as in earthquakes, floods and tornadoes, many innocent people have died and many survivors spend their lives mourning the loss. Amidst all this misery, we cannot help but ask, why? Is it fair that my lovely child who still has not tasted the good things in life died while those malicious people who killed him ran away? Is it fair that a flood comes to drown a group of people while others remain untouched? However, there is a beam of hope that still manages to arise only if we think deeper within ourselves.

Chokri Belaïd, a secular, anti-Islamist member of the National Constituent Assembly, was assassinated last week. The backlash of the assassination is causing strife in Tunisian politics. His widow has accused Ennahda of playing a role in the assassination, "which sparked mass demonstrations, attacks on Ennahda headquarters and clashes with security forces throughout the country." The Prime Minister, a high-ranking official in Ennahda, has declared his wish to form a non-partisan government of technocrats to manage the socio-political crisis. He has also declared that he will resign from his position if he's not allowed to do so. So things really are deteriorating. qt: Four opposition groupings-Belaïd's own Popular Front bloc, the Call for Tunisia party (Nidaa Tounes), the Al Massar party, and the Republican Party-announced that they were pulling out of the National Constituent Assembly and called for a one-day general strike last Friday, the day of Belaïd's funeral. The principal Tunisian trade union federation, the UGTT (Tunisian General Union of Labour) backed the call, resulting in the first general strike in Tunisia in 35 years. Reportedly, over one million people took part in Belaïd's funeral procession in Tunis on Friday, many calling for the fall of the Ennahda government and a second revolution. ... Much of the bourgeoisie, both secular and Islamist, has swung behind Jebali's proposal. The business journal l' Economiste asserts that "the prime minister's initiative and his proposal to form a non-political government of technocrats is a minimum response, but salutary. The rejection of this reasonable solution by his own party is evidence of the internal divisions that are eating away at Ennahda..." ... The revolutionary uprising of 2011 was channeled into parliamentary manoeuvring and constitutional wrangling by the Tunisian bourgeoisie, with the aid of the petty-bourgeois "left" parties and the UGTT. Underlying the present

"There's been an abandonment of intellectualism, he argued, and "we're less concerned about being honorable than winning." "I came from an era where facts mattered," Pitts said. "It was a matter of honor - intellectual honor - that if you had better facts than I did, I have to either undermine your facts or concede the point. "

IF YOUR FREEDOM AND PRIVACY AARE IMPORTANT TO YOU READ THIS AND PASS IT ON