Yearly Archives: 2012

Facebook paid small tax bill on big profits made outside US, figures show

"Facebook is structured so that companies buying advertisements on the website in the UK, or anywhere outside of the US, have to pay Facebook Ireland. This allowed Facebook Ireland to make gross 2011 profits of £840m – or £3.1m per each of its 287 staff. Despite the high gross profit, Facebook Ireland was able to cut its tax bill to just €3.2m by using an accounting technique called the 'Double Irish'. The manoeuvre allows multinationals to move large amounts of money to other subsidiaries in the form of royalty payments. Facebook moved nearly £750m to the Cayman Islands and its Californian parent in licensing and royalty payments." Continue reading →

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Useless U.S.-Canada train roundtrips exploit U.S. energy program

"A train carrying biodiesel crisscrossed the Canada-US border repeatedly without unloading its cargo, exploiting a loophole in a US green energy program. The EPA mandates that oil companies must bring a certain amount of renewable fuel to the US market. Verdeo retired an equivalent number of credits generated from ethanol production that were worth pennies compared to biodiesel credits that traded as high as one US dollar apiece when it turned the train around. A dozen back-and-forth railway trips across the border reportedly cost Can $2.6 million but would have generated biodiesel credits worth US $12 million." Continue reading →

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Sweden’s small Arctic town of Kiruna plans to offer commercial space flights

"Sweden’s small Arctic town of Kiruna has a surprisingly international airport with regular flights to London and Tokyo, but it has even bigger plans: to offer commercial space flights. The idea is that space tourists would take off for a maximum two-hour trip into space aboard futuristic spacecraft currently undergoing testing, which resemble a cross between an airplane and a space shuttle and which can carry between one and six passengers. The sub-orbital flights will send passengers 100 kilometres (60 miles) above Earth and allow them to experience five minutes of weightlessness." Continue reading →

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France bans controversial chemical BPA in food packaging

"The French parliament voted Thursday to ban the use of bisphenol A, a chemical thought to have a toxic effect on the brain and nervous system, in baby food packaging next year and all food containers in 2015. The chemical, commonly known as BPA, is used in 'polycarbonate' types of hard plastic bottles and as a protective lining in food and beverage cans. It became a concern following evidence in lab animals of a toxic effect on the brain and nervous system. Some studies have found a link between exposure to BPA and coronary heart disease and reproductive disorders." Continue reading →

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Hemingway Museum Needs USDA Zoo License for Cats

"Mr. Hemingway spent most of the 1930s in Key West completing some of his best work. Now, his former house at 907 Whitehead Street is a museum open to daily tours and the occasional wedding. It also continues to be home to 40 to 50 six-toed cats that are a living legacy of Hemingway. As in Hemingway’s time, the cats are allowed to roam and lounge at will in the house and on the one-acre grounds. At some point several years ago, a museum visitor expressed concern about the cats’ care. The visitor took that concern all the way to the US Department of Agriculture and, literally, made a federal case out of it." Continue reading →

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Genetically modified salmon not harmful, FDA says

"Federal health regulators say a genetically modified salmon that grows twice as fast as normal is unlikely to harm the environment, clearing the way for the first approval of a scientifically engineered animal for human consumption. The document concludes that the fish 'will not have any significant impacts on the quality of the human environment of the United States.' Regulators also said that the fish is unlikely to harm populations of natural salmon, a key concern for environmental activists. The FDA said more than two years ago that the fish appears to be safe to eat, but the agency had taken no public action since then." Continue reading →

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Why the Gun Control Movement Is Doomed

"Within a decade, it will be possible for people to manufacture handguns inexpensively in their own homes. Even if it takes two decades, it is clear what is going to come. The ability of the government to confiscate handguns is surely limited when somebody can download a free piece of software that will enable him to manufacture a handgun, or the components of a handgun, in the privacy of his own home. The Left is now facing an ideological crisis. Either it bans 3D printers, raising civil rights issues, or else it must give up having any shot at banning guns." Continue reading →

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How 3-D Printing is Going to Change the World

"Three dimensional printing is going to be huge. Some geek friends are already starting to play around with it. With some relatively rudimentary equipment, they have printed out some pretty cool 3-D items. Most interesting from a functional perspective is they had a heavy duty steel cabinet with a missing part. They were able to print out the missing part instead of ordering, paying and waiting for the part to be delivered. They tell me 3-D Kinko-type copy shops are not far away. My guess is that we will all eventually have 3-D copiers in our homes and offices. Need a gun, coffee maker or clock? Print it out." Continue reading →

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Smugglers use cannon to fire 85 pounds of marijuana into Arizona

"In what appears to be yet another innovation in the drug war arms race, authorities said they found 33 cans of marijuana weighing about 85 pounds, and worth approximately $42,500, strewn across a field on Friday. A search turned up a carbon dioxide tank likely used to propel the containers. The emergence of an actual cannon, though surprising, isn’t an entirely unexpected development. The National Guard said last year that it spotted drug smugglers using catapults. Some have even resorted to homemade submarines — one of which sunk off the coast of Panama just last week." Continue reading →

Continue ReadingSmugglers use cannon to fire 85 pounds of marijuana into Arizona

Turning urine into brain cells could help fight Alzheimer’s, Parkinson’s

"Chinese researchers have devised a new technique for reprogramming cells from human urine into immature brain cells that can form multiple types of functioning neurons and glial cells. The technique, published today in the journal Nature Methods, could prove useful for studying the cellular mechanisms of neurodegenerative conditions such as Alzheimer’s and Parkinson’s and for testing the effects of new drugs that are being developed to treat them." Continue reading →

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