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Men Find Careers in Collecting Disability

"In 1960, some 455,000 workers were receiving disability payments. In 2011, the number was 8,600,000. In 1960, the percentage of the economically active 18-to-64 population receiving disability benefits was 0.65 percent. In 2010, it was 5.6 percent. Things have changed. Americans have grown healthier, and significantly lower numbers die before 65 than was the case a half-century ago. Nevertheless, the disability rolls have ballooned. Eberstadt points out that in 1960, only one-fifth of disability benefits went to those with 'mood disorders' and 'muscoskeletal' problems. In 2011, nearly half of those on disability voiced such complaints." Continue reading →

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Why the Poles keep coming: The British welfare trap

"If I was in a position of a British single mother I have not the slightest doubt that I would choose welfare. Why break your back on the minimum wage for longer than you have to, if it doesn’t pay? Some people do have the resolve to do it. I know I wouldn’t. Until our policymakers start to see things through the eyes of those ensnared in welfare traps, nothing will change. The Poles are not caught in this welfare trap. For then, the work premium is far higher. If you had designed a system to keep the poor down, in would not look much different to the above." Continue reading →

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In France’s Welfare State Status Quo, Are We Seeing America’s Future?

"In 2009, 11.2 million French persons received welfare payments, out a total population of 65.3 million. This amounted to $78 billion in payments. Moreover, these 11 million beneficiaries have families (parents, spouses, children); thus, more than 35 million people are actually benefiting directly or indirectly from welfare payments, which is more than 50 percent of the French population. If this rate were applied to America, about 157 million Americans would be relying on welfare. Owing to the amount of money poured into welfare, should it be expected that there is a 'social return on investment' and that the living conditions of French citizens are improving?" Continue reading →

Continue ReadingIn France’s Welfare State Status Quo, Are We Seeing America’s Future?

France Taxes America: The Robin Hood Tax

"As predicted, France has passed the world’s first Robin Hood Tax — a levy of two-tenths of one percent on all French share transactions, purchases or sales — even when they are bought or sold by Americans. The new tax is expected to raise E500 million annually, a portion of which French President Francois Hollande has committed to give to fight global poverty and HIV-AIDS. The French tax is a precursor for more ambitious Financial Transactions Tax that nine European countries plan on implementing as early as December of this year. The broader tax would apply 'not just to shares, but to bond and derivative transactions' and is supposed to raise E34 billion." Continue reading →

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France’s Jean-Marc Ayrault slams flight of the ‘greedy rich’

"These individuals are leaving 'because they want to get even richer,' he said. 'We cannot fight poverty if those with the most, and sometimes with a lot, do not show solidarity and a bit of generosity,' he added. Announcing plans to spend up to 2.5 billion euros by 2017 to help the poor, Mr Ayrault said that poverty affected 12.9 percent of the population in 2002 and rose to 14.1 percent in 2010. Mr Hollande has since introduced other hefty new charges on capital gains and inheritance, while increasing France's wealth tax and an exit tax for entrepreneurs selling their companies." Continue reading →

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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 →

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

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 →

Continue ReadingHemingway Museum Needs USDA Zoo License for Cats