In the blink of an eye, and on three little pages of a standard memo, the US Treasury Department granted the banking industry a $140 billion tax break on top of the $700 billion in taxpayer money being handed over...
created by Tina Kells | 1 year ago | updated 1 year ago 322 views | 5 recommendations | 0 comments
Naomi Klein, author of the best-selling "Shock Doctrine" about capitalist exploitation of disaster for profit, comments on the Wall Street Bailout, the Federal Reserve extending $2 trillion in emergency loans without disclosing recipients or collateral, the Treasury's illegal...
opinion by Erik Larson | 1 year ago | updated 1 year ago 144 views | 5 recommendations | 4 comments
The US Treasury, under cover of the uproar over the Wall Street Bailout, issued a notice in which it claimed authority to overturn Section 382 of the Tax Code, a two-decade old law created to stop mega-conglomerates from using shell companies to hide losses and avoid taxes....
created by Erik Larson | 1 year ago | updated 1 year ago 381 views | 2 recommendations | 1 comment
Throughout the morning, Fox News Channel — and at least one Minnesota affiliate — featured coverage of workers struggling to rescue a worker trapped by a cave-in at an Eden Prairie, Minn., construction site. After watching several updates, I began to see Fox’s video...