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Four Texas police officers charged with escorting loads of narcotics for pay

“Two deputies and two police officers in the Hidalgo County, Texas area have been charged with protecting drug smugglers’ shipments of narcotics through the area. According to a Dec. 13 statement from the U.S. Attorney’s Office in the Southern District of Texas, two of the officers are with the Hidalgo County Sheriff’s Office (HCSO) and two are with Mission Police Department (MPD) officers. Reportedly the men allegedly used their positions to get thousands of dollars for facilitating and protecting drug shipments. Two of the men are also reportedly the sons of high-ranking local police officials in the area in south Texas, west of Brownesville.” Continue reading →

Two women sue Texas Troopers for illegal roadside cavity search

“A federal lawsuit filed by two Irving women claims that Texas State Troopers humiliated them by performing illegal cavity searches on the side of the road after a cigarette butt was thrown out of their car window. Dashcam video shows Helleson searching the anuses and vaginas of both women with the same latex gloves in full view of other passing cars. And then the trooper performed the same procedure on Ashley Dobbs without changing gloves.” Continue reading →

20 Ways FATCA Will Catch Americans

“It may seem obvious, but Americans who have lived abroad for many years and not filed tax returns still sometimes do not realise that they will bring the IRS down on them like a ton of old tax records when they: 1. Register the birth of their child at a US embassy in the country where they now live, or 2. Renew a long-dormant US passport. 3. Appearing at a US airport with a non-US passport that reveals the bearer was born in the US is almost certain to set alarm bells clanging back at IRS headquarters in Washington. 4. [..]” Continue reading →

Big Brother Spying Didn’t Stop Connecticut School Shooter … Or 9/11

“The separation between spy agencies and military operations has disappeared … to the point where the same unaccountable government agency which spies on all Americans also decides who gets assassinated by drones. And anyone who questions government actions or policies may be labeled a potential terrorist. And yet – even with Big Brother sticking his nose in every aspect of our lives – that total surveillance didn’t stop the Connecticut school shooter. Or the Batman shooter, the shooter of Congresswoman Giffords, Columbine, Virginia Tech, etc. etc. etc.” Continue reading →

The HSBC Debacle – A Double Whammy Of Political Risk And Hypocrisy

“Where does all of this money in fines go? The booty goes to the Federal Reserve (which probably gives it back to these big foreign banks anyways through stealth bailouts), the Justice Department, and other federal agencies. I struggle to think of another country besides the US that could successfully impose such obscene fines for similar reasons – that is because there are no meaningful comparisons. It may be easier to see the political risk in this if it is put in another perspective. Imagine if China imposed a 13 billion yuan (~$2 billion) fine on JPMorgan for doing business that somehow involved Taiwan, a country Beijing considers a ‘rogue state.'” Continue reading →

Germans hoarding mountains of gold

“Like Scrooge McDuck or the dragon Smaug in J. R. R. Tolkien’s The Hobbit, Germans are gathering vast quantities of gold – a study showed that the average German owns close to €6,000 worth of the shiny metal. Even though Europe’s largest economy has weathered the world economic crisis relatively well, Germans have still been extra jittery about their savings, a study by the Steinbeis Research Center for Financial Services in Berlin revealed. Around 32 percent of the gold owned in Germany in the form of bars and coins was accumulated since the financial and economic crises began, the study concluded.” Continue reading →

Actor Gerard Depardieu ‘giving up French passport’ in tax controversy

“France’s leading actor Gerard Depardieu said on Sunday he was giving up his French passport after being ‘insulted’ by the prime minister calling him ‘pathetic’ for becoming a tax exile in Belgium. In an open letter to Prime Minister Jean-Marc Ayrault, the 63-year-old ‘Cyrano de Bergerac’ and ‘Green Card’ star said he had been treated unfairly after years of supporting France and paying millions of euros in taxes. Depardieu has joined some of France’s wealthiest business figures in Belgium following moves by President Francois Hollande’s Socialist government to tax annual incomes above one million euros ($1.3 million) at 75 percent.” Continue reading →

Here Are 15 Countries With No Income Taxes Whatsoever

“On the table in today’s political debate is the concept of raising taxes on some, or even all Americans (should the fiscal cliff kick in). If this bothers you, here are eleven countries that you would (hopefully) never, ever have to worry about paying an income tax in.” Continue reading →