Patagonia owner giving away company for
climate change avoids $700M tax hit
Posted By: Ribicon, 9/20/2022 1:31:38 PM
Not everyone was impressed by Patagonia founder Yvon Chouinard’s decision to transfer his ownership of the company to a climate change group. After Mr. Chouinard received glowing reviews for his philanthropy, led by a New York Times exclusive headlined “Patagonia Founder Gives Away the Company to Fight Climate Change,” those crunching the numbers pointed out that the move offers considerable tax advantages. “Patagonia founder Yvon Chouinard has described his decision to give away the company as his last-ditch effort to do all he could to protect the planet, however, it’s also helping him skirt around $700 million of tax bills. Funny that!” tweeted Net Zero Watch.
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The ranks of the global “ultra high net worth” (UHNW) individuals swelled by 46,000 last year to a record 218,200 as the world’s richest people benefited from “almost an explosion of wealth” during the recovery from the pandemic. The number of UHNW people–those with assets of more than $50m (£43.7m)–jumped in 2021 as the super-rich benefited from soaring house prices and booming stock markets, according to a report by investment bank Credit Suisse. The number of people in the UHNW bracket has increased by more than 50% over the past two years. The huge increase in wealth of the richest 0.004% of the world’s adult population comes
New York—Former FBI Director James B. Comey is on a career path both new and familiar—crime fiction. Comey has a deal to write two novels for The Mysterious Press, an imprint of Penzler Publishers. The first is called “Central Park West,” and it features an assistant U.S. Attorney looking into ties between the Mafia and the murder of a local politician. The book is scheduled for next spring. “I’m excited to take readers inside fascinating worlds I’ve come to know from my time in government and the private sector,” Comey, who served an assistant U.S. Attorney from 1996-2001, said in a statement. “These stories are fiction,
Exclusive— Peter Navarro: ‘Everything’
Mitch McConnell ‘Did Was Designed to
Screw Donald Trump’ 25 replies
Mitch McConnell ‘Did Was Designed to
Screw Donald Trump’ 25 replies
Peter Navarro, former White House director of trade and manufacturing policy and author of Taking Back Trump’s America: Why We Lost the White House and How We’ll Win It Back, told Breitbart News on Tuesday that Senate Majority Leader Mitch McConnell (R-KY) subverted former President Donald Trump’s “drain the swamp” pursuit by delaying appointments for top officials at federal government agencies and departments.(Snip)He continued, “The worst thing he did, in my judgment, was to slow-walk all of the Trump appointees to the major departments and agencies, so if you don’t have those folks in the top of those agencies, you cannot drain the swamp
Detroit—The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving. The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of the biggest causes of highway deaths in the U.S.(Snip)The recommendation also calls for systems to monitor a driver’s behavior, making sure they’re alert. She said many cars now have cameras pointed at the driver, which have the potential to limit impaired driving. But Homendy says she also understands that perfecting the alcohol tests will take time.
The US Air Force will unveil its next-generation stealth bomber, the B-21 Raider, during the first week of December, lifting the tight cloak of secrecy that has surrounded the aircraft's development.
Northrop Grumman and the Air Force confirmed the timeline for unveiling the B-21 on Tuesday, saying that it will offer an 'exclusive view' of the aircraft at the company's facility in Palmdale, California. The bomber, which will be nuclear-capable, will cost about $639 million per plane, and the Pentagon plans to buy at least 100 of them to complement and eventually replace the aging B-2 Spirit. 'The B-21 is the most advanced military
On the northern shores of the Firth of Forth, royal blue waters lap against the weathered walls of Methil Docks. The quays were once a hub for coal exports but, since the late 1970s, haven’t dealt in the black stuff. Now, the town on Scotland’s east coast is flirting with another era in the energy industry–but it doesn’t appear to be going to plan. In what has been dubbed a “world-first project”, called H100, about 300 homes in Methil and neighbouring Buckhaven in Levenmouth were planned to be powered by “green hydrogen” gas from next year. Customers are offered free hydrogen-ready boilers and cookers under the scheme,
Biden mocks Florida Gov. Ron DeSantis
over asylum seeker flight to Delaware:
‘He should come visit’ 19 replies
over asylum seeker flight to Delaware:
‘He should come visit’ 19 replies
President Biden brushed off Florida Gov. Ron DeSantis’s latest effort to score political points by apparently sending a plane filled with asylum seekers to the president’s home state of Delaware. As local officials scrambled to prepare for the incoming immigrants on Tuesday, Biden refused to take the bait from reporters who shouted questions about the GOP stunt after an unrelated White House event. “He should come visit. We have a beautiful shoreline,” Biden said about DeSantis. The plane that that started the day in Texas is the same aircraft that DeSantis used to ferry immigrants to Martha’s Vineyard in Massachusetts over the weekend. DeSantis refused to say whether the plane
Not everyone was impressed by Patagonia founder Yvon Chouinard’s decision to transfer his ownership of the company to a climate change group. After Mr. Chouinard received glowing reviews for his philanthropy, led by a New York Times exclusive headlined “Patagonia Founder Gives Away the Company to Fight Climate Change,” those crunching the numbers pointed out that the move offers considerable tax advantages. “Patagonia founder Yvon Chouinard has described his decision to give away the company as his last-ditch effort to do all he could to protect the planet, however, it’s also helping him skirt around $700 million of tax bills. Funny that!” tweeted Net Zero Watch.
The U.S. Securities and Exchange Commission said Tuesday that Morgan Stanley failed to protect the personal data of approximately 15 million users. Morgan Stanley agreed to pay a $35 million penalty to settle the charges related to the security breakdown, the SEC said.
The government said Morgan Stanley did not properly destroy devices containing people’s information, including by hiring a moving and storage company to decommission thousands of hard drives and servers with the information despite the moving company having no experience in data destruction. The SEC said its investigation found the moving company sold thousands of the servers and hard drives, some of which eventually ended up
A health care advocacy group has sued Pfizer in federal court, alleging the pharmaceutical giant violated the Civil Rights Act by excluding Whites and Asians from a racial equity fellowship. Do No Harm filed the lawsuit Thursday in the U.S. District Court for the Southern District of New York. It claims the New York-based company’s Breakthrough Fellowship Program defies the law’s color-blind definition of racial discrimination under Title VI because it accepts reimbursements from federal healthcare programs. The complaint cites Section 1557 of the Affordable Care Act, which extended the race neutrality requirement of the 1964 law to private entities that accept federal funds
Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. The San Francisco-based corporate communications company CEO said in the message to employees that the layoffs are “wise and necessary.”(Snip)“As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company,” Lawson wrote. “Layoffs like this can have a more pronounced impact on marginalized communities, so we were particularly focused on ensuring our layoffs–while a business necessity today–were carried out through an Anti-Racist/Anti-Oppression lens.”
Florida Gov. Ron DeSantis’ plane he used to send 50 migrants to affluent Martha’s Vineyard is on the move again–heading for President Biden’s Rehoboth home in Delaware. DeSantis last week sparked a spectacular escalation in the ongoing immigration war between the Republican GOP’s in charge of the border states and Democrat officials in so-called ‘sanctuary cities’. It now appears that he is sending the Ultimate Air Shuttle to Georgetown, which will touch down at around 1.30pm. The plane had started its journey from Longview, in Texas, before heading to San Antonio, and then Crestview, in Florida. An hour after landing on the coast of Delaware, the plane
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New York Attorney General Letitia James on Wednesday filed suit against former President Donald Trump, his kids Eric, Ivanka and Donald Trump Jr., and the Trump Organization — alleging “staggering” fraud in the family real estate business, court records show.
James’ office has been investigating the Trump Organization for over three years to determine whether the company’s assets were exaggerated for loan, insurance and tax purposes.
The 222-page suit, which also names ex-Trump Organization CFO Allen Weisselberg, says the defendants “engaged in numerous acts of fraud and misrepresentation in the preparation of Mr.
Trump’s annual statements
Why Is Biden Playing With His Tongue At
The Ceremony For The Late Queen Elizabeth
II (Photo & Video) 37 replies
The Ceremony For The Late Queen Elizabeth
II (Photo & Video) 37 replies
At the funeral of Queen Elizabeth II, hundreds of world leaders, royals, and dignitaries of every shape crowded Westminster Abbey, the seating chart is imbued with meaning. Still, the position of U.S. President Joe Biden and First Lady Jill Biden was a huge surprise as they were stationed 14 rows back.
They were behind the president of Poland and ahead of the Czech Republic prime minister. The president of Switzerland sat one seat over, next to the U.S. First Lady.
The reason why is ridiculous, he was late for the funeral!
America will retaliate with 'a devastating strike' against Russia's military if Vladimir Putin uses nuclear weapons in Ukraine, the United States Army's former European commander has warned.
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His comments come after the Russian premier sent shockwaves around the world, as he announced the 'partial mobilization' of his reserve military forces to continue his murderous invasion of Ukraine.
British royals expert Hilary Fordwich stunned CNN anchor Don Lemon into silence with her argument that African slave owners owe "reparations" rather than the British Empire, in a viral clip from CNN’s coverage of the death of the queen. Conservatives on Twitter found the clip hilarious, as it depicted Lemon getting swift pushback for trying to promote the narrative that the British crown owes reparations for slavery.
Observers noted Lemon meekly switching topics without protest after Fordwich’s unexpected response
Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. The San Francisco-based corporate communications company CEO said in the message to employees that the layoffs are “wise and necessary.”(Snip)“As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company,” Lawson wrote. “Layoffs like this can have a more pronounced impact on marginalized communities, so we were particularly focused on ensuring our layoffs–while a business necessity today–were carried out through an Anti-Racist/Anti-Oppression lens.”
My husband, who was a Marine during the Vietnam War, was always talking about the IQ levels of fellow soldiers, and he would express surprise at the low level of intelligence of some draftees.
We would then get into arguments on the validity of IQ testing, which I questioned did not take into consideration an individual’s environment. But considering the past decade as the utter complete dumbing down of our populace, maybe I should reconsider my dismissal of testing. What exactly does a person’s IQ mean?
Biden ‘transhumanist’ executive order:
‘We need to program biology’ like
we ‘program computers’ 28 replies
‘We need to program biology’ like
we ‘program computers’ 28 replies
The Biden administration issued an executive order calling for biotechnology that can “predictably program biology in the same way in which we write software and program computers,” a transhumanist practice, in service of human “health.” As an example of such biotechnology, Executive Order 14081 included by implication the COVID-19 mRNA injections, citing the COVID-19 “pandemic” as demonstrating “the vital role of biotechnology … in developing and producing life-saving … vaccines that protect Americans and the world.”[Snip]However, while the proteins produced by the mRNA shot were touted as beneficial, evidence has emerged that
As was inevitable.
I’ll have an article on Ken Burns exploiting the Holocaust to call for open borders and bash Republicans while covering up FDR’s role in the Holocaust later this week, but the sheer awfulness of it can be summed up in this paragraph from the equally antisemitic Guardian which never stops calling for the destruction of the Jewish State or justifying the murder of Jews.
It may be Burns’s most didactic film yet as it ends provocatively with images of Dylann Roof, who shot and killed nine African American congregants at a church in South Carolina; white supremacists marching with flaming torches in Charlottesville, Virginia, chanting
As House progressives block Manchin deal
with Dems on oil and gas permitting, he
blames GOP 25 replies
with Dems on oil and gas permitting, he
blames GOP 25 replies
In August, West Virginia Sen. Joe Manchin reached a deal with Senate Majority Leader Chuck Schumer under which the coal state lawmaker would cast the deciding vote in favor of Democrats' $745 billion Inflation Reduction Act in exchange for a promise from Democratic leaders to include language streamlining the oil and gas permitting process in the next continuing resolution. Now that House progressives are blocking the inclusion of permitting reform in the CR, Manchin is lashing out at GOP leaders for "revenge politics," blaming them for failing to deliver Republican votes to uphold the promise Schumer made to obtain Manchin's vote for a budget-busting tax and spending bill
In 1990, Ken Burns was the great talent behind The Civil War, an epic nine-episode PBS documentary that he made for PBS. It was comprehensive, gorgeous, heartbreaking, and riveting. His later work wasn’t as good but it was still damned good. But Burns, like so many leftists, is now so riddled with hatred for Republicans that he cheapens his every utterance and destroys his own legacy. The latest example is how he’s used his upcoming documentary, The US and the Holocaust, to bash modern Republicans and cover for WWII-era Democrats.
Exclusive— Peter Navarro: ‘Everything’
Mitch McConnell ‘Did Was Designed to
Screw Donald Trump’ 25 replies
Mitch McConnell ‘Did Was Designed to
Screw Donald Trump’ 25 replies
Peter Navarro, former White House director of trade and manufacturing policy and author of Taking Back Trump’s America: Why We Lost the White House and How We’ll Win It Back, told Breitbart News on Tuesday that Senate Majority Leader Mitch McConnell (R-KY) subverted former President Donald Trump’s “drain the swamp” pursuit by delaying appointments for top officials at federal government agencies and departments.(Snip)He continued, “The worst thing he did, in my judgment, was to slow-walk all of the Trump appointees to the major departments and agencies, so if you don’t have those folks in the top of those agencies, you cannot drain the swamp
U.S. doctors should regularly screen all adults under 65 for anxiety, an influential health guidelines group proposed Tuesday.
It's the first time the U.S. Preventive Services Task Force has recommended anxiety screening in primary care for adults without symptoms. The proposal is open for public comment until Oct. 17, but the group usually affirms its draft guidance. The recommendations are based on a review that began before the Covid-19 pandemic, evaluating studies showing potential benefits and risks from screening. Given reports of a surge in mental health problems linked with pandemic isolation and stress, the guidance is "very timely," said Lori Pbert, a task force member and co-author.
Comments:
He should have moved everything into a so-called charitable trust, the way US politicians and other Important People do, and pay nothing at all.