July 23, 2011 archive

Today on The Stars Hollow Gazette

Our regular featured content-

mishima‘s news digest 6 In The Morning will be on hiatus

These weekly featured articles-

these special features-

Today’s qualifying runs for tomorrow’s German Gran Prix in Nurburg, Germany, appropriately, at the Nurburgring.

The continuing coverage of the world’s most watched and controversial cycling event, Le Tour de France.

Join us tomorrow for Le Tour 2011- Grand Final into Paris at 7:30 AM EDT.

The Stars Hollow Gazette

This is an Open Thread

Amy Winehouse is Dead

http://www.washingtonpost.com/…

Schumer Pushes For A Corporate Tax Holiday

Cross posted from The Stars Hollow Gazette

A corporate tax holiday? Does Sen. Chuck Schumer (D-NY) seriously think that by cutting the tax rate on overseas profits for US Multinationals from 35% to 5,25% it will encourage these companies to create jobs here? That is what Schumer, our elected Wall St. lobbyist, is pushing despite the fact that the last time this was done in 2005, most of the money went to shareholders and executives (pdf) in the form of dividends and stock buy backs. We all know how many jobs were created, zero. Indeed, the companies that profited the most actually laid off more workers and cut back production in the US. We all know how many jobs were created, zero. Indeed, the companies that profited the most actually laid off more workers and cut back production in the US. As to increased revenue, short term it might bring $50 billion into the Treasury but over a ten year period there would be an $80 billion loss.

In his Rolling Stone blog, Matt Taibbi explains how this is just another “con” by corporation lobbyists:

Here’s how it works: the tax laws say that companies can avoid paying taxes as long as they keep their profits overseas. Whenever that money comes back to the U.S., the companies have to pay taxes on it.

Think of it as a gigantic global IRA. Companies that put their profits in the offshore IRA can leave them there indefinitely with no tax consequence. Then, when they cash out, they pay the tax.

Only there’s a catch. In 2004, the corporate lobby got together and major employers like Cisco and Apple and GE begged congress to give them a “one-time” tax holiday, arguing that they would use the savings to create jobs. Congress, shamefully, relented, and a tax holiday was declared. Now companies paid about 5 percent in taxes, instead of 35-40 percent.

Money streamed back into America. But the companies did not use the savings to create jobs. Instead, they mostly just turned it into executive bonuses and ate the extra cash. Some of those companies promising waves of new hires have already committed to massive layoffs..

According to Forbes, Chuck Schumer has garnered the blessings of some “left” Democrats by pairing it with a job creating infrastructure program. Former SEIU president Andy Stern and Sen. Kay Hagen (D-NC), who voiced her support at a Third Way breakfast, have endorsed the idea and the multi-nationals have already sent out their dogs to push it:

While the repatriation holiday alone is a non-starter for most Democrats, pairing it with an infrastructure program could marshal labor support. It’s an approach backed by former Service Employees International Union president Andy Stern, who’s emerged as the most vocal proponent of the tax holiday on the left.

snip

The team of corporate heavyweights behind the lobbying push for the holiday — including Apple (AAPL), Cisco (CSCO), Duke Energy (DUK), Google (GOOG), Kodak (EK), Microsoft (MSFT), Pfizer (PFE), and Oracle (ORCL) – has shown some success softening up Democratic opposition recently. Last week, the centrist Democratic think tank Third Way hosted a breakfast on the topic that featured Sen. Kay Hagan (D-N.C.). “A repatriation holiday can encourage economic activity at a fraction of the cost of recent fiscal policy,” Hagan said in her prepared remarks.

My head hurts.

Neville’s In Trouble Again

Oh my yes.  You remember Silverstone don’t you?

Things are not happy in the Formula One Teams Association, there’s also the fact the Concorde Agreement has expired and is extended only through a letter, not a contract, through 2012 following a heated dispute that led many teams to threaten to go CART.  While nominally guided by Martin Whitmarsh of McLaren and Ross Brawn of Mercedes the FOTA is widely viewed as a tool of Bernie Ecclestone who has a distinct conflict of interest and a hazy history of influence on the FIA itself with his cozy relationship to Max Mosley the fifth columnist Nazi’s son who got the boot for his sexcapades.

Interestingly enough this was the scoop of the recently deceased and unlamented News of the World who published sick Nazi Sex Orgy by Neville Thurlbeck so who knows what to think?

Well, Neville’s in trouble again-

Rupertgate Friday – “For Neville”

By Gordonskene, Crooks&Liars

July 22, 2011 03:58 PM

As was reported yesterday, there are now growing questions over the honesty of the testimony given by James Murdoch during the Inquiry hearings on Tuesday. One centers around Neville Thurlbeck, who was a registered unpaid Police informant and has been a key suspect in the phone hacking scandal and an e-mail and attached file that carefully listed transcribed hacked messages.

Murdoch denies any knowledge of the e-mail, however former NoTW editor Colin Myler and former head of legal affairs for News Of The World Tom Crone claim the younger Murdoch had full knowledge of the “For Neville” e-mail and file and has been lying to the Commission. If this winds up being true, and Murdoch is found to be lying, it tosses an enormous question mark over the entire testimony on Tuesday and puts James Murdoch in the position of being arrested and held for further questioning.

Cartnoon

Sylvester and Tweety MysteriesIt’s a Plaid, Plaid, Plaid, Plaid World, Episode 12, Part 1

My Life on Capitol Hill

Paparazzo
“It’s him again!”

“You can’t take pictures here!”

“Says who?”

“Says the Chief of Staff of the Judiciary Committee! He just told you that you can’t take pictures here! He told you the same thing yesterday.”

“You mean that cue-ball with the bad tie? Is he really the Chief of Staff? Did you see some ID? Does he own the Capitol? Who elected him? What gives him the right to abrogate my First Amendment freedom? Is he the boss of you? The committee isn’t even in session yet! There’s nobody here but you, me, C-Span and that human cue-ball! They sell out the public and I can’t even photograph the furniture?”

And so on.

On This Day In History July 23

While mishima is on hiatus, I will be cross posting some of our daily and weekly features from The Stars Hollow Gazette

Find the past “On This Day in History” here.

Click on images to enlarge

July 23 is the 204th day of the year (205th in leap years) in the Gregorian calendar. There are 161 days remaining until the end of the year.

THE GREAT COMET OF 1997. Above, the bright head of comet Hale-Bopp, called the coma, is pointed towards the Sun. The coma is composed of dust and gas, masking the solid nucleus of the comet made up of rock, dust and ice. Photo taken by Jim Young at NASA’s Jet Propulsion Laboratories Table Mountain Observatory in March 1997.

The comet was discovered in 1995 by two independent observers, Alan Hale and Thomas Bopp, both in the United States. Hale had spent many hundreds of hours searching for comets without success, and was tracking known comets from his driveway in New Mexico when he chanced upon Hale-Bopp just after midnight. The comet had an apparent magnitude of 10.5 and lay near the globular cluster M70 in the constellation of Sagittarius. Hale first established that there was no other deep-sky object  near M70, and then consulted a directory of known comets, finding that none were known to be in this area of the sky. Once he had established that the object was moving relative to the background stars, he emailed the Central Bureau for Astronomical Telegrams, the clearing house for astronomical discoveries.

Bopp did not own a telescope. He was out with friends near Stanfield, Arizona observing star clusters and galaxies when he chanced across the comet while at the eyepiece of his friend’s telescope. He realized he might have spotted something new when, like Hale, he checked his star maps to determine if any other deep-sky objects were known to be near M70, and found that there were none. He alerted the Central Bureau of Astronomical Telegrams through a Western Union telegram. Brian Marsden, who has run the bureau since 1968, laughed, “Nobody sends telegrams anymore. I mean, by the time that telegram got here, Alan Hale had already e-mailed us three times with updated coordinates.”

The following morning, it was confirmed that this was a new comet, and it was named Comet Hale-Bopp, with the designation C/1995 O1. The discovery was announced in International Astronomical Union circular 6187.

Late Night Karaoke

Random Japan

Photobucket

DIAMOND DUST

Sho Darvish, the younger brother of Nippon Ham Fighters ace Yu Darvish, was arrested twice in June-once for marijuana possession and again for assaulting a 19-year-old woman. So much for weed mellowing you out…

Seattle Mariner Ichiro Suzuki saw his string of ten straight MLB All-Star Game appearances come to an end when he finished seventh in fan voting among American League outfielders. He still picked up over 2.5 million votes.

A renegade cat delayed a BayStars vs. Hiroshima Carp ballgame at Yokohama Stadium when it got on the field and had to be chased off by security.

Golfer Tiger Woods may have philandered away millions in endorsement contacts in the U.S. but he’s still big in Japan. Woods is the new face of Kowa, a Japanese muscle balm.

The heat is on once again and the Japan Football Association has decided to allow sports drinks, as well as your standard water, on the sidelines at soccer games to prevent heatstroke. Some stadiums, however, have a water-only policy in effect, worried that a little Pocari Sweat might kill the grass.

A 17-year-old boy scout with Japanese roots from Utah delivered soccer balls, uniforms and whistles to students affected by the March 11 earthquake/tsunami. Perhaps more suited to Sudan than Japan, but a good deed nonetheless.

Popular Culture 20110722 (Leisure): The Cruise from Hell

This is a bit of a departure in that I almost always write about things that have occurred in the past.  Tonight is is about something that is scheduled to happen in future.  I do not know about all of your tastes, but a cruise does not ring my bell as the ideal vacation for several reasons.

First, I like to make my own decisions.  That is why road trips are good.  You can go wherever you want, for good or ill, but the choice is yours.  The driver(s) control the destination.  On a cruise, that is not possible unless disaster strikes.

Second, with a self directed trip, one can choose his or her companions.  That is not possible on a cruise.  One never knows who will be in the next cabin.

Third, if one is driving, one can just stop and reconsider what is going on, and if one is not enjoying the trip, can turn around and just go home.  That is not possible on a sea cruise, unless one becomes violently ill (and that happens more often that the corporations that arrange them would like people to know).

With no more ado, here is my nightmare of a cruise from Hell.  The thing is just this:  I did not make it up from whole cloth.  It is being advertised on the Fox “News” Channel!  Here we go!

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

Bipartisan Redesign of the US Capitol

BiPartisan

Bipartisan Redesign of the US Capitol

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