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Google Boss: “I’m Very Proud Of Our Tax Avoidance Scheme”

  The head of the internet giant Google has defiantly defended his company’s tax avoidance strategy claiming he was “proud” of the steps it had taken to cut its tax bill which were just “capitalism”. In an interview in New York Eric Schmidt, Google’s Chairman, confirmed the company had no intention of paying more to the UK exchequer. Documents filed last month show that Google generated around ÂŁ2.5 bil ...

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BECOME A BARRON: Detroit Giving Away City-Owned Lots For $200 To Reduce Blight

Aerial view of Southwest Detroit (WWJ Photo/Bill Szumanski) DETROIT (WWJ) – The city of Detroit is expanding its White Picket Fence Program, designed to end blight by allowing residents to buy adjacent city-owned lots for $200. To sweeten the deal, buyers  also receive $200 gift cards to be used towards fencing and upkeep supplies. So, who’s eligible? “There are approximately 300 vacant pieces of property o ...

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HYPOCRITE: Buffett’s big buyback saves “unnamed investor” near $1,000,000,000 in taxes if death tax raised to 80%

Dec 12 (Reuters) - Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die. With the "fiscal cliff" looming and estate taxes set to rise dramatically in less than three weeks, the timing was seen as advantageous ...

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CHARITABLE DEDUCTION IN DANGER: OBAMA SEEKS TO TAKE UP TO 38% OF FOOD OUT OF THE MOUTHS OF NEEDY [W/ VIDEO]

The White House and the nation’s most prominent charities are embroiled in a tense, behind-the-scenes debate over President Obama’s push to scale back the nearly century-old tax deduction on donations that the charities say is crucial for their financial health. In a series of recent meetings and calls, top White House aides have pressed nonprofit groups to line up behind the president’s plan for reducing t ...

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THE FASCIST FED: Quantitative Easing Benefits the Super-Elite & Hurts the Little Guy and the American Economy

The Fed has just announced its fourth round of “quantitative easing”. While the mainstream financial press pretends that quantitative easing is a “liberal” economic policy, nothing could be further from the truth. As we’ve repeatedly explained, quantitative easing is a bailout for the super-rich, at theexpense of the little guy.  It increases inequality and fails to stimulate the economy. (And it destroys t ...

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Man Crushed To Death After Garbage Bin He Slept In Emptied Into Trash Compactor

FORT WORTH, Texas (CBS/AP) — A 41-year-old man has died of injuries received when the garbage bin in which he was sleeping was emptied into a trash compactor in Fort Worth. Fort Worth Police, Fort Worth Fire and MedStar EMS were called to a business off Lancaster Avenue near Hughes Avenue on the city’s southeast side just after 6:30 a.m. Police say the man apparently was seeking shelter from the cold early ...

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Pay Differential – Private Sector And Federal Government

    A dreadful warning arises, when public sector employment pay and benefits outstrips the remuneration earned by the private employment workers. Even the most hardened government proponent, must succumb to the reality that private business generates real wealth that finances government through taxes. The expenditures of government on all levels are linked to the profitability of enterprises and ...

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DEVASTATED DETROIT: A GLIMPSE INTO THE FUTURE OF OBAMA’S AMERICAN

President Barack Obama travelled to Michigan this week and made his case for class war in defense of the welfare state. We need to take more money from the rich, he said, or schools will not be able to afford books, students will not be able to afford college, and disabled children will not get health care. "Our economic success has never come from the top down," said Obama. "It comes from the middle out. I ...

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COLLAPSE: U.S. Rakes Up Nearly $300 Billion Deficit In First Two Months Of Fiscal 2013

To paraphrase Tim Geinter: "Risk of the Fed ever ending its monetization? No risk of that." Why? Because as the FMS just reported, the February budget deficit was $172 billion, up $52 billion from a month ago, and $35 billion from a year ago. In brief: in the first two months of Fiscal 2013, the US accumulated a $292 billion budget deficit (compared to $236 billion a year ago), a number which is simply scar ...

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COLLAPSE: CA prison psychiatrist make $822,302, 5X as much as governor

Mohammad Safi, a graduate of a medical school in Afghanistan, began working as a psychiatrist at a California mental hospital in 2006, making $90,682 in his first six months. Last year, he took home $822,302, all of it paid by taxpayers. Safi benefited from what amounted to a bidding war after a federal court forced the state to improve inmate care. The prisons raised pay to lure psychiatrists, the mental h ...

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PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds

WASHINGTON — The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to support the U.S. economy even after the job market has improved significantly. The Fed said it plans to keep its key short-term rate near zero until the unemployment rate reaches 6.5 percent or less — as long as expected inflation remains tame. Unemployment is now 7.7 percent. That plan ...

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TOTALITARIAN TAKEOVER?: Why does Homeland Security need 1.4 billion rounds of ammunition?

The Department of Homeland Security has purchased 1.4 billion rounds of ammunition- that is not a typo -- during the last six months. This includes 450 million rounds of  .40 hollow point, 200 million rounds of .223 rifle ammunition, and 176,000 rounds of .308 168-grain hollow point boat tail (HPBT) that is used almost exclusively as ammo for sniper rifles. From beforeitsnews.com we read: Why is everyone al ...

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