Category: Business
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Who Would Rather Not Work?
This first came up (recently at least) with the Hostess workers: Interviews with more than a dozen workers showed there was little sign of regret from employees who voted for the strike. They said they would rather lose their jobs than put up with lower wages and poorer benefits. “They’re just taking from us,” said…
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$45k/yr is the “New Rich”
Implemented in 1969 to make sure upper-income Americans pay their share of taxes, the AMT has increasingly snared more middle-income Americans over the years because it was never indexed for inflation. During the 2011 tax year for example, the higher tax hit single taxpayers with incomes as low as $48,450 and joint filers making only…
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2/3 of Millionaires Avoid 50% Tax Rate
Two-thirds of millionaires left Britain to avoid 50p tax rate Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed. via Telegraph. Shhhhh… This is a secret. No one tell the U.S. media. They think the “rich” will just stay and give…
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China To Build World’s Tallest Building In 90 Days
It all started simple enough. A 15-Story Hotel in just 6 days. Six days. That’s how long it took to build this level 9 Earthquake-resistant, sound-proofed, thermal-insulated 15-story hotel in Changsha, complete with everything, from the cabling to three-pane windows. The foundations were already built, but it’s just impressive. While still in basking in the…
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Everyone Wants a Drone – Zero Concern For Your Privacy
Are unmanned aircraft, known to have difficulty avoiding collisions, safe to use in America’s crowded airspace? And would their widespread use for surveillance result in unconstitutional invasions of privacy? via SFGate. Yes, and no seem like pretty straightforward answers to these questions. But the elected idiots who man the Congressional Unmanned Systems Caucus have taken…
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Black Friday Gun Sales Hit New Record High
Black Friday gun sales hit an all time record high last week with demand for new firearms so overwhelming that it caused outages at the FBI background check center on two separate occasions. Fueled by fears that the Obama administration will go after gun rights during a lame duck term, the FBI reported 154,873 background…
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Illinois’ Pension Time-Bomb Too Big Too Fix
So says the Commercial Club of Chicago. In a memo to its members, the Civic Committee of the Commercial Club of Chicago said last week’s elections didn’t bring in an influx of lawmakers willing to deal with the pension crisis but instead leaves taxpayers with “more legislators who aren’t prepared, or willing, to make the…
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Union Workers Turn Against Organized Labor
As organized labor loses leverage in a race-to-the-bottom global market, some workers are becoming so disillusioned by what their unions can, or rather can’t, do for them that they want out. The disaffected include dozens of machinists at Caterpillar Inc.’s plant in Joliet who crossed the picket line during a strike last summer and are…
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Senate bill rewrite lets feds read your e-mail without warrants | Politics and Law – CNET News
A Senate proposal touted as protecting Americans’ e-mail privacy has been quietly rewritten, giving government agencies more surveillance power than they possess under current law. CNET has learned that Patrick Leahy, the influential Democratic chairman of the Senate Judiciary committee, has dramatically reshaped his legislation in response to law enforcement concerns. A vote on his…
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Gov. Regulation Run Amok: 6,125 New Regs. in 90 Days
It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its reguations.gov website. In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day. via CNSNews.com. Shear insanity. Makes me think of the old Guns & Roses song Signs.…