French film star Gerard Depardieu has moved into his new ´tax exile´ mansion in Belgium - just 800 yards from the border with France. The 64-year-old actor´s lavish home in the village of Nechin - on a street known as Millionaire´s Row - is less than two minutes drive from the French town of Roubaix. Depardieu is the latest wealthy Frenchman fleeing a looming new tax of 75 per cent on all earnings over one million euros - about £850,000.
While other local elected officials have warned about Guam´s own "fiscal cliff" recently, the governor said he´s been warning the island about the very same problem for years. "I´ve seen this ´cliff´ coming for years, I hate to say I told you so, but I told everyone so," Gov. Eddie Calvo said. "I don't think there's any surprises coming from me in that regard," Calvo said, recalling that several years ago when he was chairman of the legislative finance committee, he had warned about the local government spending beyond its means. With the national debate over the fiscal cliff
If any Republicans thought that President Obama would respond with magnanimity in victory, they now know better. He is determined to rout them on taxes, give as a little as possible on spending, and blame them for any economic damage in the bargain. The question for the GOP is how to minimize the harm to the economy, as well as to their chances of a political and policy comeback in 2014 and beyond. So it´s a shame that Republicans are playing into Mr. Obama´s hands, negotiating in public among themselves, prematurely giving up on the tax issue and undermining
Taxes: How much can the U.S. government take from our most successful citizens? Theoretically, there might not be a limit. But the consequences for the less successful are huge, as one principled CEO points out. Appearing on CNBC on Monday, Ex-New York Democratic state politician Richard Brodsky trotted out his party´s class-warfare-based fiscal cliff talking points. "We´ve got to dig our way out" from under Bush policies, he contended. And "the president is saying that the wealthiest are most able to contribute" — after which Brodsky instantly admitted that raising taxes on the incomes "is not
Propaganda: The president has rewarded his campaign loyalists from MSNBC with an off-schedule West Wing meeting, where he´s given them new talking points to win the next battle over taxes. Yes, this state-press collusion is happening in your capital, not just Caracas or Havana. The lovefest between Obama and MSNBC toadies Lawrence O´Donnell, Rachel Maddow, Ed Schultz and Al Sharpton actually took place on Dec. 4. A White House spokesperson confirmed the president met with them and other "influential progressives" to discuss the "importance of extending the Bush middle-class tax cut" — not to mention mau-mauing Republicans against
Venezuelan debt bonds surged on Monday in global markets following the news given last Saturday by President Hugo Chávez of a new surgery in Havana, according to financial sources. At midday, the value of securities had rebounded from three to five points, on average. Global bonds, such as those of state-run oil company Petróleos de Venezuela (Pdvsa), had been on the rise in the morning. The notes performance is linked with the president´s choice of his Vice-President and Foreign Minister Nicolás Maduro as his successor if unable to take on a new term in office beginning on January 10, 2013.
Jones, Smith, Brown, Green, and Reed were tillers of the soil. They died about the same time and appeared at the Pearly Gates. Saint Peter told them to be seated and that the Lord would call them one at a time to review their earthly accounts. Soon, a mighty voice thundered, “Pete, bring in Jones.” Squaring his shoulders, standing straight and tall, Jones stepped before his Maker. The Lord asked His Certified Sin Accountant to review Jones’ worldly affairs. ??“Jones was an excellent soybean farmer,” said the CSA. “My records show that he cared for his family, attended church, never drank, and worked
The way to free America from the destructive administration of President Barack Hussein Obama is out there. (Snip) The United Nations houses, down to the last one, all the advocates of One World Order and currently has a grip on civil society through its insidious Agenda 21. The UN’s mission for OWO was stalled until their ‘Agent for Change’ was elected as US president in 2008. The UN’s mission could not proceed with a strong and economically viable US as world leader and superpower. The way back into the light rests in the dismantling of the UN. If dismantling the UN sounds impossible,
Apparently I am not the only one skeptical of the Defense Intelligence Agency’s plan to double the size of its human spy force. (I argued in this Los Angeles Times op-ed that we already have enough intelligence personnel–we need to focus on improving their quality.) The Senate has put a temporary hold on the DIA initiative pending a Defense Department explanation of how it will fix existing problems with its attempts to gather “human intelligence”–as opposed to the kind of technical intelligence capabilities at which the Pentagon and the entire U.S. government excel. The Senate language says that
Politico reports that Obama’s second inaugural oath for the “most transparent administration in history” might be administered privately, without any media present (h/t Morning Jolt): “Mindful of the historic nature of this occasion, we expect the White House will continue the long tradition of opening the President’s official swearing-in to full press access, and we as an organization are looking forward to working with the administration to make that happen,” Ed Henry, the Fox News correspondent and president of the White House Correspondents Association, said in a statement.
The most vocal opponent of Susan Rice’s potential secretary of state nomination, John McCain, is joining the Senate Foreign Relations Committee just in time for the confirmation hearings. Josh Rogin reports: Manama – The committee that will soon vet the next secretary of state will have a new Republican heavyweight next year: Sen. John McCain (R-AZ), the man leading the charge against potential nominee U.N. Ambassador Susan Rice. McCain told The Cable he will join the Senate Foreign Relations Committee (SFRC) and also remain on the Senate Armed Services Committee (SASC) in an
The report, issued by the National Intelligence Council, talks of "inevitable" decline as a large reason for the shift. A new report by the intelligence community projects that the United States will no longer be the world´s only superpower by 2030. "In terms of the indices of overall power - GDP, population size, military spending and technological investment - Asia will surpass North America and Europe combined," the report concludes.
A seven and 11-year-old boy pulled a loaded gun on an Oregon woman during an attempted carjacking and robbery outside a church parking lot, police said on Sunday. Armed with a .22 caliber handgun, cocked and loaded, police in Portland say the described 11-year-old delinquent, seen back on the streets today, and his 7-year-old accomplice were caught while trying to flee on Saturday afternoon. ´They told me they were going to blow my brains out if I didn´t give them something,´ 22-year-old victim Amy Garrett recalled to KATU on Sunday while still visibly shaken.
WASHINGTON — At 70, Frank White isn´t a typical first-time home buyer. But a key reason he ditched his Altadena apartment and bought a three-bedroom house in nearby Pasadena has been common for decades: He wanted the tax break. "I pay very high taxes, and I have no deductions," said White, who owns an apartment rental business with his two brothers. Now, after purchasing the $500,000 home in November, he´s looking forward to writing off the interest on his 30-year mortgage.
Campaigning — er, I mean, speaking? — at a diesel engine factory in Michigan on Monday to yet again make the case for raising taxes on families making more than 250k/year, President Obama of course had to weigh in on the Michigan legislature moving forward to become the 24th right-to-work state. I’m sure his many union-backers would have been most displeased if he hadn’t, you know. Via the Washington Examiner: What we shouldn’t be doing is trying to take away your rights to bargain for better wages and working conditions. … These so-called right-to-work laws, they don’t
Senate Majority Leader Harry Reid (D-Nev.) on Monday afternoon paid tribute to outgoing Sen. Ben Nelson (D-Neb.), who is retiring at the end of this Congress, and Nelson´s famously thick hair. Reid said that while people need to learn not to be envious of others, he said that "if the truth were known, many many senators would be very envious, as I am, and I would even think the presiding officer, about that hair of Ben Nelson´s." "I mean, that is a mop of real hair," Reid continued, adding that many believe Nelson is wearing a toupee. "It´s his hair.
CNBC´s Eamon Javers reports the latest developments on "fiscal cliff" talks in Washington, and debating the financial benefits of raising taxes on the wealthy, with Peter Schiff, Euro Pacific Capital CEO, and Richard Brodsky, Demos senior fellow. ### SCHIFF: You know what the wealthy are going to do? They´re going to invest more abroad, they´re not going to work as hard, they´re not going to pay as much in taxes, they´re not going to employ as many people. Their employees are going to pay all the taxes.
WASHINGTON— President Barack Obama´s plan to increase taxes on top earners would have only a small impact on the nation´s economy, according to congressional budget experts. But don´t tell that to small business owners facing a tax hike. Obama´s proposal would hit about 940,000 people who report business income on their individual or household returns, says the Joint Committee on Taxation, the official scorekeeper for Congress. That´s only 3.5 percent of the people who report business income, but those business owners are projected to earn 53 percent of the $1.3 trillion in business income that will be reported
REDFORD, Mich. — President Barack Obama warned Monday that he "won´t compromise" on his demands that the wealthiest Americans pay more in taxes, digging in on the chief sticking point between the White House and Republicans as they seek a way to avert the "fiscal cliff." Obama brought his pressure-Congress campaign to the heart of industrial America, ripping lines from his own re-election bid as the nation inched closer to a perilous economic cliff. He said the country couldn´t afford a "manufactured" crisis....
(San Diego, CA) - Had he survived the attack on the U.S. Consulate in Benghazi, Libya, Tyrone “Ty” Woods wouldn’t have written a tell-all book about the experience. He hated the fact that some of his fellow Navy SEALs had become authors. He was a SEAL’s SEAL. He took his secrets to the grave. That’s how friends and fellow car aficionados remembered Woods, 41, of Imperial Beach, as they gathered Sunday morning to raise money for the infant son, Kai, he left behind. The overall fundraising effort since Woods’ death has reached $450,000 (snip) with the hopes of reaching a
In California, the unemployment rate may be above 10.2%, and the state debt may be above $16 billion, the state’s GDP may be in serious trouble and businesses may be leaving in droves due to ever-increasing tax rates, but that isn’t going to stop the gravy train for the state’s poor and dispossessed. The California Public Utilities Commission is all set to greenlight a new program that would give homeless and low-income people free cell phones – call them Obamaphones – with free service. The idea is to help them reach out to possible job opportunities and stay connected with family.
London - Hailing the European Union as "the most dramatic example in history that shows that war and conflict can be turned into peace and cooperation," Nobel committee chairman Thorborn Jagland presented the Nobel Peace Prize to top EU officials at a ceremony Monday in Oslo. The award to the 27-nation EU for advancing peace, reconciliation, democracy and human rights, was handed to its three leaders, Herman Van Rompuy, president of the European Council; Jose Manuel Barroso, president of the European Commission; and Martin Schulz, president of the European Parliament.
Two people were killed and 14 were wounded in weekend gun violence, including an off-duty Chicago Police officer who was shot during an attempted robbery. The off-duty officer, who is in “stable” condition, was shot three times during an exchange of gunfire with the would-be robber at West 63rd Street and South Nashville Avenue early Monday, police said. Officers were looking for a silver car and three males thought to be connected to the shooting, police said at the scene.
RALEIGH, N.C. – A federal judge has ruled it is unconstitutional for North Carolina to issue pro-life license plates unless the state offers similar plates supporting abortion rights. U.S. District Court Judge James C. Fox ruled on Friday that North Carolina cannot produce or distribute the “Choose Life” plate. Judge Fox concluded, “The State’s offering of a Choose Life license plate in the absence of a pro-choice plate constitutes viewpoint discrimination in violation of the First Amendment.”