“Billionaires on notice,” ABC anchor Diane Sawyer teased Monday’s World News in trumpeting, as did CBS and NBC, a New York Times op-ed by liberal billionaire Warren Buffett. Sawyer heralded Buffett’s quest: “Is it time for the mega-rich to pay at least the same tax rate as their secretaries? And if they did pay their fair share, would it fix America's schools or roads?” Sawyer soon ludicrously asserted “working men and women,” meaning the non-wealthy, “pay the most taxes.” In fact, as detailed by the Tax Foundation, “America's wealthiest taxpayers are paying a disproportionate share of the income tax burden” while half of all households pay no income taxes. And forget applying additional revenue to the deficit. ABC reporter Bianna Golodryga, aka Mrs. Peter Orszag, the wife of Obama’s former OMB Director, salivated over how the forecast $100 billion over ten years of increased tax revenue would be “enough to build almost 7,000 new elementary schools or more than 2,000 new high schools.” NBC Nightly News anchor Brian Williams touted the op-ed which pleased President Obama, whom Buffett endorsed in 2008, and NBC conveniently linked to it on their Web site: One other note from today, President Obama today made mention of an op-ed article getting a lot of attention. The billionaire Warren Buffett made the case in today's New York Times , the same case he's made to us here in the past, saying, in effect, that he's not being asked to pay enough in taxes. Buffet wrote in part: “My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice.” We’ve linked, by the way, the entire article on our Web site tonight. In “ Warren Buffett's Call for Higher Taxes on the Rich Doesn’t Fit the Facts ,” the Tax Foundation's David S. Logan corrected the fallacies presumed by Buffett and the news media: The United States currently boasts the most progressive income tax in the industrialized world. Meaning, our wealthy pay a greater share of the tax burden than do the wealthy in any other capitalist nation…. Mr. Buffett chose to leave most of his fortune to the Bill & Melinda Gates Foundation and, thus, avoided an estate tax that could potentially give 55 percent of his wealth to Uncle Sam….
Continue reading …Here’s the backhanded (non-?) endorsement that must keep GOP candidates up at night: Bill Clinton sized up Rick Perry today and thinks “he’s a good lookin’ rascal,” but that Perry’s promise to cut back federal government “while I ride on Air Force One, and that Marine One helicopter, and then…
Continue reading …Highlights of this day in history: Elvis Presley, the King of Rock n’ Roll, dies at Graceland; Baseball’s Babe Ruth dies in New York; Uganda’s Idi Amin dies in Saudi Arabia; ‘Sports Illustrated’ hits newsstands; Singer Madonna born. (Aug. 16)
Continue reading …Highlights of this day in history: Elvis Presley, the King of Rock n’ Roll, dies at Graceland; Baseball’s Babe Ruth dies in New York; Uganda’s Idi Amin dies in Saudi Arabia; ‘Sports Illustrated’ hits newsstands; Singer Madonna born. (Aug. 16)
Continue reading …Last Thursday night during a celebrity hockey game in Minnesota, 11-year-old Nick Smith was given the chance of a lifetime after purchasing a $10 raffle ticket. All he had to do was sink the puck from center ice into a three-and-a-half-inch cutout and the $50,000 prize would be his. But when Nick’s name was called, the boy was outside of the arena. So, Nick’s identical twin brother, Nate, stepped up to the plate. He shot. He scored. The crowd went wild. However, instead of claiming the prize money, their father, Pat Smith, saw an important lesson to be learned. “The next day I called back and said, ‘you know it was really Nate that made the shot,’ and we thought honesty was the best policy and we want to set a good example for our kids,” he told the “Early Show.” It is now up to the insurance company to decide if the kids will get the money.
Continue reading …Well, the list of places that won’t be seeing Nokia’s N9 seems to be growing larger everyday. And, while it won’t bring comfort to the poor souls in the US, UK or Germany, we can confirm that the fine citizens of Kazakhstan should be getting a heaping helping of MeeGo come September. A tipster sent us flyer from Texhodom advertising the Swedish company’s foray into Linux-powered smartphones as landing on September 9th for 99,990 Kazakh tenges, or about $679. The same tipster made us even more jealous when he sent in some photos of a giant billboard taunting the imminent arrival of the handset at the same electronics retailer. So, if you really have your heart set on an N9, and want one before those pasty folks in Switzerland and Sweden , looks like its time to book your ticket to Almaty. [Thanks, Aziz] Gallery: Nokia N9 coming to Kazakhstan Nokia’s N9 coming to Kazakhstan on September 9th, gets its own billboard originally appeared on Engadget on Tue, 16 Aug 2011 01:57:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …PTI ProDirect Market Recap: August 15, 2011 PTI Securities & Futures Market Recap: August 15, 2011 kleine MMI Übersicht TheSaaSGuy says: @ 802dotchris what is your take on $GOOG & $ MMI news?
Continue reading …Kindness doesn’t pay—at least not between the hours of 9 and 5, a new study shows. The aptly-named “Do Nice Guys—and Gals—Really Finish Last?” study found that “agreeable” workers earn less than those who aren’t as agreeable, with an especially wide gap for male employees. Men with…
Continue reading …Homes for Sale – 296 Juniper St, Louisville, CO Homes for Sale – 727 W Mulberry St, Louisville, CO Homes for Sale – 687 Wildrose Way, Louisville, CO bklasskin says: Doh! I was ready to celebrate until I kept reading. @ erinkennedytv : Best places to live? Number 1: Louisville , CO .
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