Business

In Response to Peaceful Protests, Mining Company Hires Paramilitary Commandos

In Response to Peaceful Protests, Mining Company Hires Paramilitary Commandos
In response to protests against test drilling for a controversial proposed $1.5 billion open-pit iron ore mine in northern Wisconsin by Gogebic Taconite, the mining company has hired masked, camouflaged, assault-rifle-toting guards to "instinctively and smoothly manage surrounding threats."
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US Banking Insurance: Only $6 in Reserves Per $10,000 in Deposits

US Banking Insurance: Only $6 in Reserves Per $10,000 in Deposits
Shifting the burden of a major bank collapse from the blameless taxpayer to the blameless depositor is another case of robbing Peter to pay Paul, while the real perpetrators carry on with their risky, speculative banking schemes. The only way to truly prevent risky derivatives from blowing up in the economy's face is to prevent the risks in the first place, through regulation or, gasp, even bank nationalization.
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Obama's 'Power Africa' a Sweet Deal for GE, Not Sub-Saharan Africa

Obama's 'Power Africa' a Sweet Deal for GE, Not Sub-Saharan Africa
Following his recent trip to Africa, President Obama has been lauding his new 'Power Africa' program, which he claims will funnel money and resources to "double access to power in sub-Saharan Africa." Yet, the money the U.S. government is throwing at the program will in fact be pumped into U.S.-based multinational corporations.
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Corporate Welfare State: Big Business Taxed at 12.6 Percent, Half of What Teachers Pay

Corporate Welfare State: Big Business Taxed at 12.6 Percent, Half of What Teachers Pay
A new study shows that the big U.S. companies paid only 12.6 percent in taxes on their reported worldwide profits in 2010. Corporate taxes have gone from 5-6 percent of GDP down to only a third of that. The corporate share of all taxes paid has gone from 28 percent to a third of that, too. And these lower taxes have hurt — not helped — our economy and country.
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US Corporations, GMOs Thrive Under Obama's African Partnership

US Corporations, GMOs Thrive Under Obama's African Partnership
Rounding out his multi-state African tour Monday, US President Barack Obama pledged a new era of "partnership" with the continent, promising "an end to famine and a thriving African agricultural industry." However, critics and food sovereignty advocates—wary of such remarks—want to know who gets to "thrive" and at what cost.
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Bank Executives Joked About Billion Euro Bailout Scam

Bank Executives Joked About Billion Euro Bailout Scam
Executives at one of Ireland’s biggest banks laughed and joked about how they were going to fool the Central Bank into bailing them out, according to a tape recording obtained by the Irish Independent. The failure of Anglo Irish Bank is eventually expected to cost the taxpayer €30 billion.
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A Congress Only CEOs Could Love

A Congress Only CEOs Could Love
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. You won’t believe their rationale.
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Post Explosion, TX Still Has a 'Fertilizer Happens' Plan

Post Explosion, TX Still Has a 'Fertilizer Happens' Plan
As Gov. Rick Perry touts the Texas Miracle to lure businesses from New York, Sen. Barbara Boxer will hold a hearing this week on the fertilizer plant explosion in West, Texas. But back home in Texas where 16 fertilizer plants are as large as the one in West, officials are putting the lazy in laissez-faire by adopting a voluntary "fertilizer happens" plan.
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Walmart's Model to Milk Millions from CA Taxpayers

Walmart's Model to Milk Millions from CA Taxpayers
Walmart’s expansion strategy for Los Angeles and other urban areas has been to avoid public oversight by choosing real estate that doesn’t require public review — and, where possible, to secure public subsidies, often with little public scrutiny. Once Walmart employees start to receive public assistance to the tune of $5,815 per employee, will the superstores really be worth it to their communities?
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Allegedly Pro-Business Christie Investing One Quarter What His Dem Predecessor Did in Small Business Development

Allegedly Pro-Business Christie Investing One Quarter What His Dem Predecessor Did in Small Business Development
There's a myth out there, repeated often by Democrats endorsing Governor Chris Christie, that Christie is supportive of business in New Jersey. Apparently, that only means big business.
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