Mainstream News

More Greek firms eye low-tax Switzerland

"The Swiss fiscal policy has infuriated Brussels, as the European Union sees businesses fleeing EU countries to the tax haven of Switzerland. According to Swiss laws, foreign firms which set up in the country pay €51 billions ($66 billion) less in taxes per year than Swiss companies, said a Swiss television report. Setting an ultimatum, Brussels has given Switzerland until December 13th, when a European summit is held, to present a programme aimed at dismantling such privileges which are judged discriminatory and anti-competitive." Continue reading →

Continue ReadingMore Greek firms eye low-tax Switzerland

French business erupts in fury against “disastrous” François Hollande

"France is sliding into a grave economic crisis and risks a full-blown 'hurricane' as investors flee rocketing tax rates, the country’s business federation has warned. Spending has risen to 55pc of GDP, similar to Sweden but without Nordic labour flexibility. French economic growth has been near zero for the past five quarters. It may have tipped into recession over the summer as the malaise spread from Italy and Spain. New car registrations were down 7.7pc in the third quarter from a year earlier. Unemployment has reached a post-euro high of 10.6pc. The fear is that a fiscal shock in 2013 will tip the economy into a sharp downward slide." Continue reading →

Continue ReadingFrench business erupts in fury against “disastrous” François Hollande

Honduras ‘Free Market Paradise’ Charter City

"This new Libertarian City-State, inspired by New York University economist Paul Romer, has the backing of the libertarian-minded government in Tegucigalpa. It has also received plaudits from noted economists, pundits, and policymakers across the globe since it emerged nearly two years ago." Continue reading →

Continue ReadingHonduras ‘Free Market Paradise’ Charter City

Israel facing ‘increasing number of cyber attacks’

[In a total coincidence...] "Prime Minister Benjamin Netanyahu on Sunday said Israel was facing an increasing number of cyberattacks, just days after Washington issued a veiled warning to Iran over digital attacks on its interests. 'Every day there are many attempts to infiltrate Israel’s computer systems. That’s why I established the National Cyber Directorate last year, which serves as an electronic ‘Iron Dome’ against computer terrorism,' he added. He did not specify which systems had come under attack, nor did he say who was behind them." Continue reading →

Continue ReadingIsrael facing ‘increasing number of cyber attacks’

U.S. military prepares new aggressive rules to fight cyber war

"The United States faces a growing threat of a 'cyber-Pearl Harbor' and has drafted new rules for the military that would enable it to move aggressively against digital attacks, Defense Secretary Leon Panetta said. Although he avoided the word 'offensive' to describe operations or capabilities, Panetta’s speech clearly implied that the military would be empowered to take the initiative in the cyber realm. Officials offered no further details, but as former CIA director, Panetta reportedly helped oversee an unprecedented cyber sabotage campaign that targeted Iran’s uranium enrichment program." Continue reading →

Continue ReadingU.S. military prepares new aggressive rules to fight cyber war

Former NJ police officer sentenced to 20 months

"A former Camden police officer has been sentenced to 20 months in federal prison for stealing money, illegally searching homes, planting evidence and lying in court. Thirty-two-year-old Kevin Parry was one of four officers arrested on corruption-related charges in 2010. In 2009 and 2010, the Camden County Prosecutor's Office dropped charges in 210 cases in which some or all of the officers were involved." Continue reading →

Continue ReadingFormer NJ police officer sentenced to 20 months

Dallas mother sentenced to 99 years for gluing toddler’s hands to the wall

"A 23-year-old Dallas woman received a sentence of 99 years on Friday for charges related to beating her toddler and gluing the child’s hands to the wall. 'Only a monster glues her daughter’s hands to the wall,' Dallas County prosecutor Eren Price reportedly said during the hearing. The daughter, Jocelyn, is in the custody of grandmother, Ofelia Escalona, who is caring for her daughter’s four other children as well." Continue reading →

Continue ReadingDallas mother sentenced to 99 years for gluing toddler’s hands to the wall

Richmond County Sheriff’s Investigators Raid Wrong House, Hold Family At Gunpoint

"Investigators with the Richmond County Sheriff’s Office say they accidently served a search warrant on the wrong house, while looking for a suspected drug dealer in Burke County. Treat says she thought her family’s lives were in danger, she thought the officers were there to help, but she knew that wasn’t the case, when she says at, gun point, the police ordered her, her pregnant daughter, and her 3 year old granddaughter, to get on the floor. She says the officers searched her house for almost an hour, she says cussing, and calling her a liar, before realizing they had the wrong address. The house they were looking for was two doors down." Continue reading →

Continue ReadingRichmond County Sheriff’s Investigators Raid Wrong House, Hold Family At Gunpoint

Carlos Slim, World’s Richest Man, Gets Richer Supplying ‘Obamaphones’ to Poor

"A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called 'Obamaphones' to the poor. Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones." Continue reading →

Continue ReadingCarlos Slim, World’s Richest Man, Gets Richer Supplying ‘Obamaphones’ to Poor