Cee Lo Green:
Edward Sharpe and the Magnetic Zeroes:
If this doesn’t happen, then we pretty much know we can’t trust the Dems on anything.
You know, there’s something really, really wrong with this country:
Since 1862, an obscure company called American Bureau of Shipping has been approving oceangoing vessels as seaworthy. The Houston-based firm reported $3.17 billion in revenue and just less than $600 million in profits from ship inspections from 2004 to 2010 and paid no U.S. income taxes on those earnings.
The Internal Revenue Service hasn’t had any complaints. That’s because the company has been registered as a nonprofit for 150 years, Bloomberg Markets magazine reports in its December issue.
ABS routinely inspects independently owned ships on behalf of the U.S. Coast Guard, and one of its customers is the U.S. Navy. The company employs 3,028 people in 70 countries. ABS paid Robert Somerville, then its chief executive officer, $21.7 million from 2004 to 2010.
ABS shows how an organization that isn’t a charity, a school, a religious institution, a hospital or any other kind of body that commonly has nonprofit status can earn millions of dollars and legally avoid paying U.S. taxes.
Anonymous claims they prevented Karl Rove from stealing the election. The thing is, Karl Rove was raving on election night as if he’d been double-crossed, so it’s not implausible. Let’s put it this way: I hope so!
Ah, the fiscal scam! It’s interesting that the same conservative and Blue Dog politicians who insisted we didn’t need additional stimulus to recover from this recession are now insisting that we will … go back into a recession if these fiscal deal cuts are made! Why, you would almost think they were Keynesians!
Sen. Bernie Sanders led a press conference yesterday drawing a line in the sand — and he’s got 18 other senators with him. Is it enough?
Senate Health Committee Chairman Tom Harkin (D-Iowa) said Thursday that Medicare and Medicaid should be off the table during talks on the fiscal cliff.
Harkin spoke alongside other liberal lawmakers at an event to highlight opposition to cutting social programs for deficit reduction.
He touted the results of the Nov. 6 election as evidence that Americans support raising taxes instead of cutting spending.
“When it comes to Social Security, Medicare and Medicaid, the American people told us to protect and strengthen these programs, not cut them,” Harkin said.
“The American people want a change in the structure of who pays and making sure that we keep the programs that protect the poor, the disabled and the elderly,” he told The Hill.
President Obama will meet Friday with lawmakers to open negotiations on how to avoid the “fiscal cliff,” a combination of tax increases and automatic spending cuts that will hurt the U.S. economy unless lawmakers act.
In earlier talks, Obama backed roughly $100 billion in cuts to Medicaid, including a streamlined system for federal payments that would result in state governments shouldering more of the funding burden.
At Thursday’s event, Sen. Bernie Sanders (I-Vt.) said he wanted to “send a very loud and very clear message to the leadership … in the White House” not to cut Social Security, Medicare or Medicaid.
Sanders added, “There are fair ways to reduce the $1 trillion federal deficit and $16 trillion national debt, but balancing the budget on the backs of the elderly, the sick, the children and the poor is not among them.”
Republicans have said they won’t accept new tax revenues unless Democrats agree to reform entitlements.
Paul Krugman on Social Security and Medicare.
And the horrors happening in Gaza.