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If private equity and hedge fund managers were optimistic that the election of one of their own would preserve their prized carried-interest tax break, Monday’s debate must have given them pause. Given the chance to defend his low tax rate by talking up the importance of low taxes on investment for job creation and competitiveness, Mitt Romney balked. Instead, he made an implicit case for why investment taxes shouldn’t be any lower than they are — as Newt Gingrich wants — and defended his own conduct rather than seeking to justify the tax policy.
Published on Saturday 4th of February 2012 02:30:46 AM
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Posted by admin / Under Private Transport
An unknown number of the over 1,000 terrorists who are to be freed in exchange for Gilad Shalit will be allowed to return to Jerusalem. A group of concerned residents has responded by announcing the creation of an informal “terrorist warning system.” The system is simple: activists will keep tabs on freed terrorists, and will alert the public if they attempt to enter public areas or use public transportation. In addition, the terrorists’ pictures and personal information will be made available.... “The public does not know them, and they could wander freely. People do not realize that these are terrorists...
Published on Saturday 4th of February 2012 02:30:46 AM
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Outlays for U.S. construction projects rose 1.4% in August on public and private spending gains...Economists polled by MarketWatch had expected overall construction spending to decline 0.3%
Published on Saturday 4th of February 2012 02:30:46 AM
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Politics: A week ago, as the secretary of labor greeted grim job data by hailing the economy's "turnaround," the Dow fell 100 points in seconds — a vivid sign America is wising up to this administration's incompetence. Only minutes after her department reported that payrolls had shed another 131,000 positions in July, there was Secretary Hilda Solis speaking brazenly of the "strong and immediate action" the White House had taken to save or create "more than 2.5 million American jobs." But as the market action showed, investors could see she didn't know what she was talking about. But then, Solis...
Published on Saturday 4th of February 2012 02:30:46 AM
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Recently, at a gun show in Dayton, Ohio several people were arrested for violating the law by buying a gun when they knew it was illegal for them to do so. As usual, the media tried to hang the arrests on gun show promoters and stirred up discussion about the mythical gun show loophole. From the article: "The gun show loophole is a deadly serious problem — and this undercover operation exposes just how pervasive and serious it is," New York Mayor Michael Bloomberg said following the 2009 investigation funded by the city. A fact that anti-gun zealots will never...
Published on Saturday 4th of February 2012 02:30:46 AM
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Average annual pay for Michigan public-sector workers has grown substantially over the last decade in relation to private-sector pay. In 2001, public and private wages were comparable, with the average public-sector worker taking home about $1,400 per year less than his private-sector counterpart. However, in 2005, average public-sector pay overtook the private sector, and the gap in pay has since expanded to over $5,000 per year in favor of government workers. Over this time, wages for workers at all levels of government — local, state and federal — have grown more quickly than private-sector wages. This difference in pay does...
Published on Saturday 4th of February 2012 02:30:46 AM
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Home Front Defense Minister Matan Vilnai (Independence) addressed in a letter on Wednesday MK Yaakov “Ketzaleh” Katz’s (National Union) demand to determine the legal status of 13 Jewish communities in Judea and Samaria, with an emphasis on finally providing zoning plans for these commuinities. In the letter, Vilnai addressed the situation in the community of Ofra, saying, “A significant part of the community of Ofra is built on private Palestinian land” and adding that as a result “the community does not have an approved jurisdiction.” Vilnai further explained that despite the opinions that were presented to him on the issue,...
Published on Saturday 4th of February 2012 02:30:46 AM
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With peas, acrobatics, sports and writing being the main topics at today's press conference, you may have missed a key moment when President Obama announced the stimulus was a success. And this wasn't just his opinion; there is evidence too! "Without relitigating the past, I’m absolutely convinced, and the vast majority of economists are convinced, that the steps we took in the Recovery Act saved millions of people their jobs or created a whole bunch of jobs," President Obama said at his presser on Monday morning.
Published on Saturday 4th of February 2012 02:30:46 AM
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RUSH: Minnesota state government is closed. The Minnesota state government shut down at midnight last night, the victim "of an ongoing dispute over taxes and spending between Democratic Gov. Mark Dayton and Republican legislative majorities. Talks fell apart well before the deadline, leaving state parks closed on the brink of the Fourth of July weekend." Oh, the tears. You see how this works? Evil Republicans, state parks are closed, the little kiddies don't get to have their snow cones and the sleigh rides, oh, no, no Fourth of July, evil Republicans. The AP says that the shutdown in Minnesota puts...
Published on Saturday 4th of February 2012 02:30:46 AM
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