Mainstream News

Anonymous gift of $250,000 in gold arrives in wrecked Japanese seaport ahead of tsunami anniversary

"A Japanese city devastated by the 2011 tsunami has received anonymous gifts of gold worth more than $250,000 in a phenomenon dubbed a 'goodwill gold rush' ahead of the second anniversary of the disaster. The president of the company which operates the port in the northeastern city of Ishinomaki last week received a parcel containing two slabs of gold each weighing one kilogram (2.2 pounds). The parcel had been sent anonymously from Nagano city northwest of Tokyo with no message. A non-profit group in Ishinomaki that has been supporting its revival had also received two kilograms of gold bullion and at least one more group got more than one kilogram." Continue reading →

Continue ReadingAnonymous gift of $250,000 in gold arrives in wrecked Japanese seaport ahead of tsunami anniversary

New UK wealth tax plan to target ALL assets – including jewelry and buy-to-let homes

"Families will be forced to pay tax on jewellery and other heirlooms under controversial new plans drawn up by the Liberal Democrats. Under the scheme, tax inspectors would get unprecedented new powers to go into homes and value rings, necklaces, paintings, furniture and other family treasures. Householders would be forced to pay a new ‘wealth’ levy on the assets – with the threat of fines for those who refused to let snoops value their possessions. A policy document seen by The Mail on Sunday spells out how the taxman ‘may have to visit homes to test values of jewellery, paintings, etc’." Continue reading →

Continue ReadingNew UK wealth tax plan to target ALL assets – including jewelry and buy-to-let homes

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Americans find it difficult to open bank accounts in UAE

"The recently enacted Foreign Account Tax Compliance Act (Fatca) by the US government is the reason for banks to close its doors to US citizens. When institutions fail to report or disclose information the consequences can be grave, one of the penalties being the withdrawal of US Dollar clearing rights in New York, a penalty feared by banks. Meanwhile, US citizens are reported to have been refused by banks when they wanted to open a new bank account." Continue reading →

Continue ReadingAmericans find it difficult to open bank accounts in UAE

Americans find it difficult to open bank accounts in UAE

"The recently enacted Foreign Account Tax Compliance Act (Fatca) by the US government is the reason for banks to close its doors to US citizens. When institutions fail to report or disclose information the consequences can be grave, one of the penalties being the withdrawal of US Dollar clearing rights in New York, a penalty feared by banks. Meanwhile, US citizens are reported to have been refused by banks when they wanted to open a new bank account." Continue reading →

Continue ReadingAmericans find it difficult to open bank accounts in UAE

Pelosi: Congressional pay cut undermines dignity of the job

"House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that she opposes a cut in congressional pay because it would diminish the dignity of lawmakers' jobs. 'I don't think we should do it; I think we should respect the work we do,' Pelosi told reporters in the Capitol. 'I think it's necessary for us to have the dignity of the job that we have rewarded.' Pelosi, whose husband is a wealthy real-estate developer, was quick to note that a cut in her own pay would be far less significant than that for both staffers and less wealthy members of Congress." Continue reading →

Continue ReadingPelosi: Congressional pay cut undermines dignity of the job

Rangel wants women to be drafted

"Rep. Charles Rangel (D-N.Y.) on Friday said he plans to introduce legislation that would bring back the military draft and extend it to women for the first time. Rangel, who has pushed for years to bring back the draft, said the Pentagon’s decision to allow women to serve in combat means that they too should register for the Selective Service. In an interview on MSNBC, Rangel said the draft should be reinstated because the majority of Americans make 'no real sacrifice' when the country goes to war." Continue reading →

Continue ReadingRangel wants women to be drafted

Harper government kills controversial Canadian Internet surveillance bill

"Bill C-30 caused a furor when it was introduced a year ago this week. The legislation would have permitted police and other government officials to compel Internet service providers to disclose identifying information linked to clients’ ISP addresses without a warrant. Telecommunications companies would also have been required to collect and store data on clients’ digital activities. The law was fiercely opposed by federal and provincial privacy commissioners as a fundamental intrusion on privacy rights. Instead, the government has carved out a sliver of the bill to ensure warrantless wiretaps during emergencies remain legal." Continue reading →

Continue ReadingHarper government kills controversial Canadian Internet surveillance bill

Harvard Business Review: 3-D Printing Will Change the World

"To anyone who hasn’t seen it demonstrated, 3-D printing sounds futuristic—like the meals that materialized in the Jetsons’ oven at the touch of a keypad. But the technology is quite straightforward: It is a small evolutionary step from spraying toner on paper to putting down layers of something more substantial (such as plastic resin) until the layers add up to an object. And yet, by enabling a machine to produce objects of any shape, on the spot and as needed, 3-D printing really is ushering in a new era." Continue reading →

Continue ReadingHarvard Business Review: 3-D Printing Will Change the World