American Retirement Under Siege By Federal Budget Circus
401(k) deductions are under attack and tax advantages of inherited IRAs are being eliminated, while retirees move to Ecuador to escape outrageous expenses. Continue reading →
U.S. States Protect, Subsidize Bitcoin While Feds Moan About ‘Terrorism’ And ‘Illicit Activity’
The tax-haven U.S. states of Montana and New Hampshire fired first this week ahead of an ominous House hearing. Continue reading →
Theresa May says the internet must now be regulated following attack
"The Prime Minister said introducing new rules for cyberspace would 'deprive the extremists of their safe spaces online' and that technology firms were not currently doing enough. The intervention comes after the introduction of the Investigatory Powers Act 2016 – dubbed the 'Snooper’s Charter' – which expands the powers of spying agencies and the Government over the internet." Continue reading →
Theresa May government to create ‘new internet’ to control what is said online
"Theresa May is planning to introduce huge regulations on the way the internet works, allowing the government to decide what is said online. The government intends to introduce huge restrictions on what people can post, share and publish online. The plans will allow Britain to become 'the global leader in the regulation of the use of personal data and the internet', the manifesto claims. It comes just soon after the Investigatory Powers Act came into law. That legislation allowed the government to force internet companies to keep records on their customers' browsing histories, as well as giving ministers the power to break apps like WhatsApp so that messages can be read." Continue reading →
GOP bid to rewrite tax code falters
"The GOP's dreams have collided with interest-group lobbying and the tax system's reality. Politicians all profess to hate the tax code, but they don't agree on exactly what they hate. Voters gripe about complexity but are wary of losing cherished breaks that are woven into the economy." Continue reading →
Trump escalates war of words against Germany after tense summits
"The tit-for-tat row has escalated rapidly after Trump criticized major NATO allies over their military spending and refused to endorse a global climate change accord at back-to-back summits last week. On Monday, Merkel showed how seriously she is concerned about Washington's dependability under Trump by repeating the message she delivered a day earlier that the times when Europe could fully rely on others were 'over to a certain extent'." Continue reading →
Trump reportedly calls Germans ‘very bad,’ threatens to end German car sales
"The president vowed to block German car exports to the U.S. during a meeting with top EU leaders on Thursday, according to German news magazine Der Spiegel. 'The Germans are bad, very bad,' Trump said, according to participants in the room who spoke to Der Spiegel. 'See the millions of cars they sell in the U.S., terrible. We will stop this.' The comments were said to have been made in a meeting with the European Commission President Jean-Claude Juncker and the European Council President Donald Tusk, who both showed support for Germany." Continue reading →
A Story of Slavery in Modern America
"Lola’s travel papers had expired in 1969, five years after we arrived in the U.S. She’d come on a special passport linked to my father’s job. After a series of fallings-out with his superiors, Dad quit the consulate and declared his intent to stay in the United States. He arranged for permanent-resident status for his family, but Lola wasn’t eligible. He was supposed to send her back. Lola’s legal status became what Filipinos call tago nang tago, or TNT—'on the run.' She stayed TNT for almost 20 years." Continue reading →
IRS Probe of Bitcoin Goes Too Far, GOP Warns
"The Republicans' concerns echo those of Coinbase and its customers, who argue the IRS does not need every single Coinbase account to carry out its audit, and that the investigation sweeps in people who have clearly done nothing wrong. The IRS investigation also comes at a time when the price of bitcoin has been on an incredible tear, climbing from $13 in 2013 to a new high of over $2,000 last week. Some Coinbase customers, however, have not sold any bitcoin at all while many others hold only a minimal amount, raising questions of why the IRS demanded information about every account." Continue reading →
Court ruling nullifies US requirement that hobbyists register drones
"A federal appeals court on Friday struck down a regulation requiring the public to register drones. The US Circuit Court of Appeals for the District of Columbia found that the Federal Aviation Administration did not have the authority to regulate so-called 'model aircraft.' If it stands, the decision (PDF) means that the public does not have to abide by the FAA requirement established in 2015. To legally fly a drone, hobbyists are currently required to pay a $5 fee and dole out their name, home address, and e-mail address. Registration was required to be updated every three years. Maximum penalties for failing to comply included three years in prison and a $250,000 fine." Continue reading →
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