Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship – and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty...
Finance
Eat the Rich vs. Obama
I was reading this story: President Barack Obama will officially launch the battle over the impending fiscal cliff this morning, announcing a plan to extend the Bush-era tax cuts for people earning under $250,000, while letting the rest of the tax cuts expire. via...
John Kerry = Inside Trader and Profiteer
Another oldie but goodie: For years, Kerry has invested millions in a number of green energy companies that have benefitted from the president’s efforts to aggressively subsidize the industry with taxpayer dollars. These companies include Exelon, which received a $646...
Labor Force Participation Rate Lowest Since 1981
This story is actually over a month old. It's been sitting in the "drafts" folder. Still just as relevant as the day it was published. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest...