Most Companies Don't Pay Federal Taxes
Tue Aug 12, 2008 at 03:30:37 AM PDT
The AP has a story about a report the Government Accountability Office is expected to release today. It will say that two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005. During the same time, 68 percent of foreign companies doing business in the U.S. avoided corporate taxes.
The GAO report is based samples of corporate returns obtained from the Internal Revenue Service for the years 1998 through 2005. According to the report, more than 38,000 foreign corporations had no tax liability in 2005 and 1.2 million U.S. companies paid no income tax. The companies had combined revenues of $2.5 trillion. About 25 percent of the U.S. corporations not paying corporate taxes had at least $250 million in assets or $50 million in receipts.
McCain To Return $50K
Thu Aug 07, 2008 at 11:34:53 PM PDT
As reported in smash artist's diary on Wednesday, McCain has has more than a few "questionable donors." A new story in the New York Times says:
Senator John McCain’s presidential campaign will return all of the contributions solicited by the Jordanian business partner of one of Mr. McCain’s most prolific fund-raisers.
The decision caps a frenetic two days in which both the Washington Post and The New York Times published articles scrutinizing a cluster of more than $50,000 in unusual contributions from a single extended family, the Abdullahs, in California and several of their friends.
Several of the contributors, who seemed to be unusual major donors to a political campaign, expressed in interviews indifference or even hostility to Mr. McCain’s candidacy.
Presidental Prerogatives
Wed Jul 23, 2008 at 07:37:53 PM PDT
Reading a New York Times article about "Mukasey’s Wary Start Dismays Ex-Backers," I stumbled across a statement that I would ordinarily attribute to ignorance. This source can't be considered ignorant; David B. Rivkin is a lawyer who served in the Justice Department during the Reagan and George H.W. Bush administrations, a member of the Council on Foreign Relations, and a Partner at Baker & Hostetler, whose client list includes 10 of the Fortune 25. Mr. Rivkin's incredible statement, and by incredible I mean "so implausible as to elicit disbelief"...
The fact that he is not willing to open investigations into everything the Democrats want should not be particularly surprising. Where you sit is where you stand. He’s not a judge anymore; he’s the attorney general of the United States. He’s defending the president’s prerogatives.
Usury, Deregulation and Optimism
Sat Jul 19, 2008 at 08:59:08 PM PDT
Bill Moyers' guest on his latest Journal program was William Greider, who Bill descibed as a former "top editor of The Washington Post, a columnist for Rolling Stone, and is now National Affairs Correspondent for The Nation."
Greider says the reasons that we are having the crisis in banking and financial systems are the conservative free market ideology and stripping of regulatory laws. He says Alan Greenspan and the Federal Reserve share in the responsibility, as they "tipped hard (...) in favor of capital and against labor." Meanwhile, they discouraged economic growth, full employment, and rising wages. He says there is also "a level of fraud" that includes lies from and to banks, mortgage houses, their customers and bond buyers.
According to Greider, the current crisis has provided an opening "for a deep transformation in American politics." He says that people have to "get out of their sort of passive resignation" and take on a "much more serious role as citizens." They have to "be willing to punish the political powers," and force a change in "values of the system." Greider says he is optimistic because he thinks the "lovely story" that has been told about the "magic of the marketplace" is over.
I want to know.
Sat Jul 12, 2008 at 10:24:38 PM PDT
I can't understand how two Senators can make such convincing arguments about what is wrong with the "Foreign Intelligence Surveillance Amendments Act of 2008 in the form of H.R. 6304" (FISA Amendments), and then vote "yea" on Passage of the Bill.
I need someone to explain this to me.
I have included excerpts that contain remarks from Senator Sheldon Whitehouse and Senator Arlen Specter, as recorded in the Congressional Record for July 08, 2008. The complete record can be found here.
Again, Senator Whitehouse and Senator Specter both voted to make FISA Amendments the law of the land.
Sudanese President To Be Charged With War Crimes
Fri Jul 11, 2008 at 01:00:52 PM PDT
The AP is reporting that the International Criminal Court based in The Hague, Netherlands, "will present evidence of the war crimes in Darfur to judges Monday and one or more new suspects will be named. But court officials refused Friday to identify any of the potential new suspects." According to the report, the chief prosecutor "will seek an arrest warrant Monday charging Sudanese President Omar al-Bashir with crimes against humanity and genocide in Darfur."
This will not stop the genocide in Darfur, but it is more than anything else that has been done to bring the genocide to an end. Best estimates indicate that more than 300,000 people have been killed by janjaweed militias, who are aparently being sponsored by the Sudanese government.
Abdalmahmood Abdalhaleem Mohamed, the Sudanese Ambassador to the U.N. said, "It will have far-reaching, bad implications for the entire country, and all options are open for our reactions. If you indict our head of state, the symbol of our country, the symbol of our dignity, then the sky's the limit for our reactions."
al-Maliki: Iraq Wants Timetable For Withdrawal
Mon Jul 07, 2008 at 02:28:30 PM PDT
The AP is reporting via Yahoo! News that, "Iraq's prime minister said Monday his country wants some type of timetable for a withdrawal of American troops included in the deal the two countries are negotiating. It was the first time that Prime Minister Nouri al-Maliki has explicitly and publicly called for a withdrawal timetable — an idea opposed by President Bush."
It appears that al-Maliki supports the Democratic position, and the position of the majority of Americans, on withdrawal from Iraq.
How dare they rip the Fourth Amendment?
Fri Jul 04, 2008 at 01:39:45 AM PDT
The "Most Emailed Story" on the McClatchy Newspapers Homepage is a Commentary by Joseph L. Galloway. Galloway's commentary, "How dare they rip the Fourth Amendment," castigates everyone in Congress who supports "an extension of the Foreign Intelligence Surveillance Act, with a few small amendments intended to immunize telecommunications corporations that assisted our government in the warrantless and illegal wiretapping it has grown to love."
It is worth a read for any and all who have an interest in the FISA amendments. In his commentary, Galloway says:
That such a gutting of the Fourth Amendment to the Constitution even made it out of committee is yet another stain on the gutless and seemingly powerless Democratic majority in both houses of Congress. That a majority on both sides of the aisle — not least of them the presumptive nominees for president of both political parties — intend to vote for such a violation of Americans' right to privacy and of the sanctity of their personal communications is a stunning surrender to those who want us to live in fear forever.
McCain "snatched him"
Wed Jul 02, 2008 at 12:07:17 AM PDT
Yet another instance of John McCain's temper is being reported, this time with audio. The Gulfport/Biloxi area SunHerald has an article posted in which Republican Senator Thad Cochran is quoted as saying he "observed McCain engage in a physical confrontation with a Sandinista while participating in a diplomatic mission led by Sen. Bob Dole and others in the fall of 1987." This altercation was not in some Nicaraguan bar; it happened during discussions at a "meeting table in a room lined with armed personnel." Senator Cochran said McCain "got mad at the guy and he just reached over there and snatched him."
This man would be President?
Seymour Hersh: Bush Steps Up Iranian Actions
Sun Jun 29, 2008 at 02:18:46 AM PDT
New Yorker magazine has an online article by Seymour Hersh titled "Preparing the Battlefield:
The Bush Administration steps up its secret moves against Iran." Hersh says:
Late last year, Congress agreed to a request from President Bush to fund a major escalation of covert operations against Iran, according to current and former military, intelligence, and congressional sources. These operations, for which the President sought up to four hundred million dollars, were described in a Presidential Finding signed by Bush, and are designed to destabilize the country’s religious leadership. The covert activities involve support of the minority Ahwazi Arab and Baluchi groups and other dissident organizations. They also include gathering intelligence about Iran’s suspected nuclear-weapons program.
Judicial Accountability
Wed Jun 25, 2008 at 08:26:58 PM PDT
One of the worst things about the George W. Bush pResidency is the change in the federal judiciary. Bush has appointed nearly 300 judges to the federal courts, with another 28 nominations pending review by the Senate Judiciary Committee. Republican appointed judges currently control nine of the federal appellate courts. This would not be a problem if judges were impartial in their decisions, but it is apparent to the most casual observer that political ideology is now a part of many judicial rulings. Anyone who doubts that should review the case of Bush v. Gore.
Bolten/Miers Subpoena Update
Mon Jun 23, 2008 at 10:10:08 PM PDT
A hearing was held Monday on the issue of Josh Bolten and Harriet Miers compliance with congressional subpoenas related to an investigation of fired U.S. prosecutors. The House Judiciary Committee filed a lawsuit in March to compel them to respond to subpoenas. U.S. District Judge John Bates heard arguments from Irvin Nathan, a chief lawyer for the House of Representatives, and Carl Nichols, a Justice Department attorney.
During the three hour long hearing, Nathan said, "Not only doesn't it have the facts from the White House, it has false and misleading facts from former members of the Department of Justice." Nichols said Bolten and Miers have immunity and can't be compelled to testify about confidential advice they provided Bush.
U.S. District Judge John Bates, a Bush appointee said "Both sides have shown a little bit of intransigence," and "silliness."
China Reduces Oil Subsidies
Fri Jun 20, 2008 at 02:35:23 AM PDT
The AP reports," China raised prices for fuel by as much as 18 percent on Friday in a move intended to cool the nation's surging energy consumption." Light, sweet crude for July delivery fell $4.75 to $131.93 on the news. The increase in oil consumption by asian countries is well known, but the fact that China, India, Malaysia, Indonesia and several other asian countries have subsidised oil for their industries and consumers has not been widely reported by many news sources.
Yet Another "Iraq For Sale" Oil Scandal
Thu Jun 19, 2008 at 01:50:59 AM PDT
The House Committee on Oversight and Govemment Reform is investigating yet another "Iraq For Sale" oil scandal. This scandal involves awarding contracts to International Oil Trading Company (IOTC), a company that was not the lowest bidder for contracts. IOTC is headed by Harry Sargeant, a McCain campaign "Trailblazer" who has raised at least $100,000 in donations. Sargeant is also finance chairman of the Republican Party of Florida. Contracts awarded to IOTC total more than one billion dollars.
Major Policy Change at the Democratic Party
Thu Jun 05, 2008 at 09:54:07 PM PDT
I just got an e-mail from Howard Dean. He says:
I wanted to drop you a quick note about a major policy change here at the Democratic Party.
As we move toward the general election, the Democratic Party has to be the Party of ordinary Americans, not Washington lobbyists and special interests. So, as of this morning, if you're a federal lobbyist, or if you control political action committee donations, we won't be accepting your contribution.
New Report: Effects of Climate Change on the United States
Thu May 29, 2008 at 12:55:20 PM PDT
A new report on U.S. Climate Change Science Program Scientific Assessment of the Effects of Global Change on the United States has been published by the Committee on Environment and Natural Resources of the National Science and Technology Council. The report "integrates, evaluates, and interprets the findings of the U.S. Climate Change Science Program (CCSP) and draws from and synthesizes findings from previous assessments of the science, including CCSP Synthesis and Assessment Products and reports by the Intergovernmental Panel on Climate Change (IPCC)."
From the "Summary and Findings" section of the "Fact Sheet" produced for the report:
... The conclusions in this assessment (...) draws on findings from previous assessments of the science, including reports and products by the Intergovernmental Panel on Climate Change (IPCC), CCSP, and others. Together with CCSP’s 21 Synthesis and Assessment Products, this is arguably the most comprehensive assessment to date of the effects of global change, and especially climate, on the United States.
House Judiciary Threatens Rove.
Fri May 02, 2008 at 03:24:41 AM PDT
From the House Judiciary Committee:
Today, House Judiciary Committee Chairman John Conyers, Jr. (D-MI), as well as committee members Linda Sánchez (D-CA), Artur Davis (D-AL), and Tammy Baldwin (D-WI), responded to former White House Chief of Staff Karl Rove's letter, sent by his attorney, refusing to testify voluntarily before the Committee. Conyers advises Rove's attorney that he may seek to compel Rove's testimony if he does not agree by May 12 to testify voluntarily. The full text of the letter is linked along with a copy of Rove's attorney's letter.
FISA and Secret Laws
Wed Apr 30, 2008 at 08:55:27 PM PDT
From the Associated Press:
The nation's spy court approved a record number of requests to search or eavesdrop on suspected terrorists and spies last year, the Justice Department said Wednesday. The Foreign Intelligence Surveillance Court approved 2,370 warrants last year targeting people in the United States believed to be linked to international terror organizations.
The 2,370 warrants represents a 9% increase from 2006, and is more than twice the number issued in years before September 11, 2001. Of the 2,370 warrants, the FISA Court denied three and part of another. That is a 99.8% approval rate by the FISA Court. Changes were required in another 86 (3.6%) before approval. In 2006, one warrant application was partially denied and changes were required in another 73 before approval.
It appears that the Foreign Intelligence Surveillance Act is allowing the government agents to keep track of the bad guys, as they should.