Did you know that Apple Computer has become a foreign entity? Did you know that it’s more Irish than anything else, at least as far as taxes are concerned? Or that it pays very little in income tax, even though its products wouldn’t exist if it not for U.S. taxes? Apple products were designed in [...]
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On the menu this morning MORNING MESSAGE: The Latest Lie – IRS Targeted Conservatives The Bite of Apple: Worming Through Tax Loopholes Homeowners Arrested; Say Bankers Should Have Been Good Deficit News Bad News for Right Latest Immigration Bill Twists Breakfast Sides MORNING MESSAGE: The Latest Lie – IRS Targeted Conservatives http://blog.ourfuture.org/20130520/the-latest-lie-irs-targeted-conservatives “The corporate media [...]
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The deficit is now down 60 percent as a percent of gross domestic product. It is down more than the deficit hawks Alan Simpson and Erskine Bowles asked for. This rapid reduction is seriously hurting the economy and jobs, but demands for cuts continue. It is time for Congress and the President to “pivot” to [...]
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You will be hearing a lot about the upcoming Trans-Pacific Partnership (TPP) agreement. TPP’s negotiations are being held in secret with details kept secret even from our Congress. But giant corporations are in the loop. TPP is a “trade” agreement between several Pacific-rim countries that is actually about much more than just trade. It will [...]
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We give away our jobs and factories and industries to China. Some geniuses apparently thought that meant we should also let our military security be contracted out to China as well. A new report from the Alliance for American Manufacturing (AAM), Remaking American Security, Authored by Brig. Gen. Adams (US Army, Retired) looks at supply [...]
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President Obama set a goal of 1 million new manufacturing jobs in his second term. Last month we added zero. Not one. Nada. Zip. We did add low-wage jobs, though. Maybe we can talk about a national manufacturing strategy now? A Million Manufacturing Jobs? In the 2012 campaign President Obama set a goal of creating [...]
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News reports tell us that more than 500 people have now died and more than 2,500 were injured in Savar, Bangladesh, while the toll in West, Texas stands at 15 dead and over 200 injured. Behind these two disasters is a common thread of greed – and a common need for unionized resistance. “It was [...]
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The April jobs report of the Bureau of Labor Services is sobering. The mediocre jobs number – 165,000 new jobs or barely enough to cover new entrants into workforce — is a self-inflicted wound. Government austerity — tax hikes and spending cuts — is suffocating the economy, just when it needs air. And the perversity [...]
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The trade deficit fell to “only” $38.8 billion in March. This could mean that manufacturing is starting to shift from China (good) — or it could mean our economy is slowing and we just aren’t buying as much as we would have (not so good). It is also because we are importing less oil (really [...]
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Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this Monday morning (in the Commerce Department’s report) it grew only 2.5 percent. That’s better than the 2 percent growth last year and the slowdown at the [...]
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