Category: Top Stories

Rand Paul Defends Apple’s Tax Dodging

May 22, 2013 - Top Stories

Sen. Rand Paul (R-KY) vociferously defended Apple during a Senate hearing on Tuesday, as the tech giant fought against accusations that it used foreign subsidiares to dodge billions of dollars in taxes. The Tea Party favorite, who is openly considering a 2016 presidential bid, accused the government of “bullying” Apple and issued a personal apology to its executives. Apple CEO Tim Cook appeared before a Senate Permanent Subcommittee on Investigations one day after Congressional […]

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Chris Christie Denies Climate Change

May 22, 2013 - Top Stories

Yesterday, Governor Chris Christie (R-NJ) rejected the notion that Hurricane Sandy’s damage was worsened by climate change. At a ceremonial event to mark the rebuilding of the Jersey Shore boardwalk post-Hurricane Sandy, Christie responded to a question from WNYC/New Jersey Public Radio about how the state could have better prepared for the consequences of climate change : Well, first of all, I don’t agree with the premise of your question because I don’t think […]

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Apple Ships Job & Profits Overseas

May 20, 2013 - Top Stories

Apple CEO Tim Cook praying that he can still write the IRS tax code that makes it easy to avoid paying taxes.

According to a Senate hearing today, Apple is holding 102 billion dollars in offshore accounts that it refuses to pay taxes on. It’s a sorry state of affairs when we find ourselves actually agreeing with John McCain. From the BBC…

John McCain said: “Apple claims to be the largest US corporate taxpayer, but by sheer size and scale, it is also among America’s largest tax avoiders.”

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BBC News – Apple among largest tax avoiders in US – Senate committee.

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Cat Survives 30 Minutes In Washing Machine

May 19, 2013 - Top Stories

Next time I'll use my paws.

Next time I’ll use my paws.

From The Sun…

Lauren, 22, then tipped the load into the washing machine and put it on a full colour wash without spotting her inside. When she opened the washing machine half-an-hour later Gollum fell out unconscious. Horrified Lauren, of Larkfield, Kent, said: “When I saw her I was devastated. She was meowing so faintly I could barely hear it, and she was hardly breathing. It was just so unexpected. Lauren rushed the tortoiseshell to a nearby vets’ clinic. Gollum was so cold and had so much fluid around her lungs that it took an hour to raise her temperature. But after being fitted with a drip the wet pet eventually came to and returned home the same night. Lauren added: “She is practically back to her normal self. “I’m so grateful to the vets for saving her life.” Verity Page, practice manager at Sandhole Vets, said: “She is an amazing little kitten. She is like a miracle case. We are amazed she survived.”

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Soggy moggy survives full cycle in washing machine | The Sun |News

 

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Why Apple Hates America

May 19, 2013 - Top Stories

Apple’s secret to record profits? Not paying taxes. Yet the IRS is worried about the Tea Party?

We keep talking about how Apple doesn’t pay any taxes in the United States. Now it doesn’t want to pay taxes on the money it doesn’t even report to the IRS. It wants what is called a “Tax Holiday.” This way it can bring the billions in the Cayman Islands back to America. Looks like that money already had a holiday. The government is broke and yet it’s providing tax breaks to the most profitable company on the planet. Washington needs to get its head examined right after it examines Apple’s books. If  Apple CEO Tim Cook doesn’t want to pay taxes then he should treat himself like a job and move overseas.

From the Guardian…

Companies had a tax holiday once before, in 2004, when a set of major corporations were allowed to bring back their overseas profits at a tax rate of only 5.25%. You might imagine that it resulted in an enormous economic boost, but here’s what happened instead, in the words of  Treasury official Michael Mundaca:”There is no evidence that it increased US investment or jobs, and it cost taxpayers billions … the nonpartisan Congressional Research Service reports that most of the largest beneficiaries of the holiday actually cut jobs in 2005-06 – despite overall economy-wide job growth in those years – and many used the repatriated funds simply to repurchase stock or pay dividends.”

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Tim Cook’s pitch for a corporate tax holiday suits Washington just fine | Heidi Moore | Comment is free | guardian.co.uk.

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Brooklyn Bar Holding Smallest Penis Contest

May 19, 2013 - Top Stories

I’m guessing it’s an Irish bar.

From Gothamist

“The Contest” will be held on Saturday, July 20th starting at 5 p.m. at the bar, located at 286 Siegel Street near the Morgan Avenue L train. The event is open to anyone 21 and over; photo and video submissions will not be accepted, no matter how much you want to send them. Oddly, you don’t have to worry about being completely nude, even if you are totally proud of your lilliputian penis: “While nudity is not required, contestants should expect to wear wet underwear (which will be provided).”

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Brooklyn Bar Holding Smallest Penis In Brooklyn Contest: Gothamist.

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