Alternative News

Glenn Greenwald: Domestic drones and their unique dangers

"What possible reason could someone identify as to why these small, portable weaponized UAS products will not imminently be used by federal, state and local law enforcement agencies in the US? They're designed to protect their users in dangerous situations and to enable a target to be more easily killed. Police agencies and the increasingly powerful drone industry will tout their utility in capturing and killing dangerous criminals and their ability to keep officers safe, and media reports will do the same. One has to be incredibly naïve to think that these 'assassin bugs' and other lethal drone products will not be widely used on US soil." Continue reading →

Continue ReadingGlenn Greenwald: Domestic drones and their unique dangers

France’s President Hollande finds loophole to impose 75% tax on the rich

"The 75% super-tax on the mega-rich, which was rejected by France's constitutional court might be imposed anyway. French President Francois Hollande suggests laying the burden on businesses rather than on individuals. In the interview with France 2 television President Hollande said he has revised his original plan to lay the massive tax on individuals earning above €1 million, which has been ruled 'unfair' and rejected by the Constitutional Court and later the State Councils, leaving the President embarrassed. Hollande will now propose to tax employers paying their workers more than €1 million. The measure, if approved, will last for two years." Continue reading →

Continue ReadingFrance’s President Hollande finds loophole to impose 75% tax on the rich

Ranking the States for Economic and Personal Freedom

"Here are the full rankings from the newly released Freedom in the 50 States from the Mercatus Center, showing North Dakota as the state with the most freedom, with South Dakota (#2), Tennessee (#3), New Hampshire (#4), and Oklahoma (#5) also deserving praise for high scores. What makes Freedom in the 50 States so interesting is that you can mix and match variables based on your own preferences. I checked the 'fiscal' and 'tax burden' categories, and South Dakota (no state income tax!) jumped to #1 for both of those measures. You won’t be surprised to learn that New York is the worst state, not only overall, but also for various fiscal policy measures." Continue reading →

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Dead Letter Office: Even U.S. Government Doesn’t Use the U.S. Postal Service

"How bad is the United States Postal Service? In order to get a straight answer on this, ask the federal government. The federal government uses the Postal Service 2% of the time. Here is an agency that is so utterly incompetent that the United States government will not use it. How’s that for a testimonial? Here is an agency run by the government that the rest of the agencies regard as so utterly unreliable and expensive, that they refuse to use it. The Postal Service has had a monopoly over first-class mail ever since the time of Benjamin Franklin. That is the longest monopoly in American history. Yet it cannot persuade the federal government to use it." Continue reading →

Continue ReadingDead Letter Office: Even U.S. Government Doesn’t Use the U.S. Postal Service

Google Launches Same-Day Delivery in San Francisco Bay Area

"Google has been testing the service, called Google Shopping Express, with employees for a few months. The company opened it up to the public this morning in a limited launch focused on San Francisco residents and others living south of the city from San Mateo to San Jose. Shoppers who sign up will get six months of free, same-day delivery of online orders placed with select retailers in the area. Google plans to charge for the service in the future, but it has not decided how much yet. Companies taking part in the test include national retailers such as Target, Office Depot Inc, Staples Inc and Toys 'R' Us Inc and smaller, local firms." Continue reading →

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Europe’s new financial transaction tax missing projected revenues

"Tough taxes on financial transactions across Europe have devastated market activity and failed to raise as much as politicians hoped, according to new figures out yesterday. Hungary implemented a 0.1 per cent tax at the start of the year. But it raised less than half the revenue the state had hoped for, bringing in 13bn Hungarian Forints (£36m) in January. France forged ahead on its own, introducing a 0.2 per cent tax on sales of shares of major firms. But that only raised €200m (£169.4m) from August to November, well below to €530m expected. And Italy launched its FTT this month. Figures from TMF Group suggest it has cut trading volumes by 38 per cent already." Continue reading →

Continue ReadingEurope’s new financial transaction tax missing projected revenues

IRS Reneges on Offshore Asset Voluntary Disclosure Deals

"If you took advantage of one of the three amnesty programs and were accepted, the IRS promised only to hit you with the back taxes, various penalties and interest. The good news was that you would escape criminal charges and time in prison. You now have an empty bank account, but at least you also have the peace of mind that the IRS won’t be knocking at your door, right? Wrong. Earlier this month, the IRS sent faxes to tax attorneys across the country telling them that clients who it had previously been accepted in the current voluntary disclosure program, the 'Offshore Voluntary Disclosure Initiative' (OVDI) are now mysteriously 'disqualified.'" Continue reading →

Continue ReadingIRS Reneges on Offshore Asset Voluntary Disclosure Deals

Supreme Court Rules that Citizens Can Hold Federal Government Liable for Abuse by Law Enforcement Officers

"In its ruling in Millbrook v. United States, a unanimous U.S. Supreme Court has concluded that the U.S. government may be held liable for abuses intentionally carried out by law enforcement officers in the course of their employment. Arguments put forward by The Rutherford Institute in its amicus brief urged the Court to enforce the plain meaning of federal statutes allowing citizens to sue the government for injuries intentionally inflicted by law enforcement officers. In striking down lower court rulings, the justices held that the courts had erred in dismissing a prisoner’s lawsuit alleging that three prison guards had brutally and sexually assaulted him." Continue reading →

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Study: Economists Willing To Sacrifice Body Parts For Prestigious Journal Publications

"The time tradeoff (TTO) method is popular in medical decision making for valuing health states. We use it to elicit economists’ preferences for publishing in top economic journals and for living without limbs. The economists value journal publications highly and have a clear preference among them, with the American Economic Review (AER) the most preferred. Their responses imply they would sacrifice more than half a thumb for an AER publication. These TTO results are consistent with ranking and willingness to pay results, and indicate that journal preferences are not entirely determined by impact factors or by expectations of a salary increase." Continue reading →

Continue ReadingStudy: Economists Willing To Sacrifice Body Parts For Prestigious Journal Publications