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(WSJ) The use of company-issued mobile phones could trigger new federal income taxes on millions of Americans as a "fringe benefit," spurring efforts by the wireless industry and others to kill the idea.
The Internal Revenue Service proposed employers assign 25% of an employee's annual phone expenses as a taxable benefit. Under that scenario, a worker in the 28% tax bracket, whose wireless device costs the company $1,500 a year, could see $105 in additional federal income tax. READ MORE
Reason number 654,324 to load-shed the godforsaken 16th Amendment and the IRS thereby.
Thursday, June 11, 2009
LETTERMAN: NO APOLOGY FOR
JOKES ABOUT PALIN, DAUGHTER
ASSOCIATED PRESS: On Wednesday, Letterman denied that he would ever joke about sex with a 14-year-old girl. Joking about an 18-year-old? In questionable taste, he said -- but clearly yes. . . . READ MORELETTERMAN (VIA EW):
BLOG REACTION:DAN RIEHL THE ANCHORESS JILL STANEK COLD FURY CONSERVATIVES FOR PALIN HOT AIR GATEWAY PUNDIT DON SURBER JIMMIE BISE JR. MOE LANE VICTOR DAVIS HANSON FLOPPING ACES MEMEORANDUM
"We were, as we often do, making jokes about people in the news and we made some jokes about Sarah Palin and her daughter [Bristol]... and now they're upset with me . . . These are not jokes made about her 14-year-old daughter. I would never, never make jokes about raping or having sex of any description with a 14-year-old girl.... Am I guilty of poor taste? Yes. Did I suggest that it was okay for her 14-year-old daughter to be having promiscuous sex? No."VIDEO:
BLOG REACTION:
WRIGHT: 'NOT ALL JEWS . . .
I'M TALKING ABOUT ZIONISTS'
ABC NEWS: Rev. Jeremiah Wright attempted to clarify his comments to the Newport News, Virginia. Daily-Press about "them Jews" preventing him from speaking to President Obama. "Let me say like Hillary, I misspoke," Wright said. "I'm not talking about all Jews . . . I'm talking about Zionists." . . . READ MORE
PREVIOUSLY:
6/10: REV. WRIGHT: 'THEM JEWS' WON'T LET OBAMA TALK TO ME
PREVIOUSLY:
6/10: REV. WRIGHT: 'THEM JEWS' WON'T LET OBAMA TALK TO ME
SPORTS: NCAA COULD
PUNISH 'BAMA FOOTBALL
Holocaust Museum Murder
SHOOTING SUSPECT IS CHARGED
CBS NEWS: James von Brunn . . . was formally charged with murder Thursday in the shooting death of a security guard at the U.S. Holocaust Memorial Museum in Washington, D.C. Von Brunn allegedly entered the museum Wednesday with a .22-caliber rifle and opened fire, police said. Guard Stephen Tyrone Johns was fatally shot in the exchange. Von Brunn was critically wounded . . . and is currently hospitalized. . . . READ MORE
SUSPECT WAS 'BARELY MAKING IT'
AP/FOX NEWS: "He said his Social Security had been cut and that he was barely making it," acquaintance John de Nugent, a self-described white separatist, told the Post. "He felt it was the direct result of someone in Washington looking at his Web site." . . . READ MORE
VON BRUNN'S EX-WIFE SAYS
HATE 'ATE HIM LIKE CANCER'
NY DAILY NEWS: "[It] ate him alive like a cancer," said the 69-year-old woman . . . "He would talk about what the world would become in 20 or 30 years, that most of the country would be governed by black governors and that the Jewish people owned the media." . . . READ MORE
CBS NEWS: James von Brunn . . . was formally charged with murder Thursday in the shooting death of a security guard at the U.S. Holocaust Memorial Museum in Washington, D.C. Von Brunn allegedly entered the museum Wednesday with a .22-caliber rifle and opened fire, police said. Guard Stephen Tyrone Johns was fatally shot in the exchange. Von Brunn was critically wounded . . . and is currently hospitalized. . . . READ MORE
SUSPECT WAS 'BARELY MAKING IT'
AP/FOX NEWS: "He said his Social Security had been cut and that he was barely making it," acquaintance John de Nugent, a self-described white separatist, told the Post. "He felt it was the direct result of someone in Washington looking at his Web site." . . . READ MORE
VON BRUNN'S EX-WIFE SAYS
HATE 'ATE HIM LIKE CANCER'
NY DAILY NEWS: "[It] ate him alive like a cancer," said the 69-year-old woman . . . "He would talk about what the world would become in 20 or 30 years, that most of the country would be governed by black governors and that the Jewish people owned the media." . . . READ MORE
A.M. MARKET UPDATE 06.11.09
WEAK TREASURY AUCTION CUES
CONCERN OVER INTEREST RATES
MARKETWATCH: U.S. stocks finished lower on Wednesday, wiping out an early gain, as an auction of 10-year Treasury notes proved disappointing and escalating oil prices fueled worries that rising interest rates and inflation would hinder an economic recovery. . . . READ MORE
REUTERS/FORBES: The market had extended losses after a 10-year Treasury note auction sparked a sell-off in bonds, pushing yields briefly above 4 percent for the first time since October. . . . Investors are worried that higher yields, which act as a benchmark for many lending rates, could handcuff an economic recovery. . . . READ MORE
FINANCIAL TIMES: Concerns about the growth of government borrowing forced the US Treasury to give investors in an auction of $19 [billion] in 10-year notes a yield of 3.99 per cent -- 4 basis points higher than the yield available before the auction. . . . READ MORE
EUROPE: INVESTORS WORRY
ABOUT INFLATION, OIL PRICE
WALL STREET JOURNAL: European stocks were mixed Thursday . . . while investors keep a keen eye on the rising price of crude. "Worries about inflation and its impact on an economic recovery have begun to appear among market participants," said Ben Potter, research analyst at IG Markets. . . . Meanwhile Adrian Darley, head of European equities at Ignis Asset Management said many industrial cyclical stocks rose far too fast in the recent rally, leaving many valuations stretched against most economic recovery scenarios. . . . READ MORE
U.S. RETAIL HOPES SPUR GAINS?
AGENCE FRANCE-PRESSE: Europe's main equity markets edged higher on Thursday before the release of key retail sales data in the United States amid hopes of improvement in the world's biggest economy. . . READ MORE
JAPAN: NIKKEI MARKET
TOPS 10,000 THRESHOLD
WALL STREET JOURNAL: The Nikkei 225 Stock Average Thursday broke above the key 10,000 line for the first time since Oct. 8, before ending marginally lower on profit-taking . . . Increased optimism about the Japanese and global economies has pushed up Japanese shares in recent sessions, with the Nikkei gaining 4.8% so far this month. . . . But the recent sharp rise prompted players to take profits, causing the Nikkei 225 to close down 10.16 points, or 0.1%, at 9981.33. . . . READ MORE
CONCERN OVER INTEREST RATES
MARKETWATCH: U.S. stocks finished lower on Wednesday, wiping out an early gain, as an auction of 10-year Treasury notes proved disappointing and escalating oil prices fueled worries that rising interest rates and inflation would hinder an economic recovery. . . . READ MORE
REUTERS/FORBES: The market had extended losses after a 10-year Treasury note auction sparked a sell-off in bonds, pushing yields briefly above 4 percent for the first time since October. . . . Investors are worried that higher yields, which act as a benchmark for many lending rates, could handcuff an economic recovery. . . . READ MORE
FINANCIAL TIMES: Concerns about the growth of government borrowing forced the US Treasury to give investors in an auction of $19 [billion] in 10-year notes a yield of 3.99 per cent -- 4 basis points higher than the yield available before the auction. . . . READ MORE
EUROPE: INVESTORS WORRY
ABOUT INFLATION, OIL PRICE
WALL STREET JOURNAL: European stocks were mixed Thursday . . . while investors keep a keen eye on the rising price of crude. "Worries about inflation and its impact on an economic recovery have begun to appear among market participants," said Ben Potter, research analyst at IG Markets. . . . Meanwhile Adrian Darley, head of European equities at Ignis Asset Management said many industrial cyclical stocks rose far too fast in the recent rally, leaving many valuations stretched against most economic recovery scenarios. . . . READ MORE
U.S. RETAIL HOPES SPUR GAINS?
AGENCE FRANCE-PRESSE: Europe's main equity markets edged higher on Thursday before the release of key retail sales data in the United States amid hopes of improvement in the world's biggest economy. . . READ MORE
JAPAN: NIKKEI MARKET
TOPS 10,000 THRESHOLD
WALL STREET JOURNAL: The Nikkei 225 Stock Average Thursday broke above the key 10,000 line for the first time since Oct. 8, before ending marginally lower on profit-taking . . . Increased optimism about the Japanese and global economies has pushed up Japanese shares in recent sessions, with the Nikkei gaining 4.8% so far this month. . . . But the recent sharp rise prompted players to take profits, causing the Nikkei 225 to close down 10.16 points, or 0.1%, at 9981.33. . . . READ MORE
300 WORDS OR LESS 06.11.09
Tennessee Joins Montana
Tennessee recently became the latest state to pass their version of The Montana Firearms Freedom Act. These acts are rooted in the 2nd and 10th amendments. The framers of our Constitution knew that the natural course of government is toward expansion and centralized
power.
The Bill of Rights is an effort to curtail this. The 2nd amendment ensures the rights of gun ownership. This right was ensured so the people could be armed against an oppressive government. The 10th amendment states that unless the Constitution specifically grants power to the federal government, the power remains with the states and decentralized.
The federal government was also divided into three branches with each branch given checks over the others. The framers of our Constitution did not foresee the branches forming a cartel led by the Executive.
The proximal cause for these Firearms Freedom Acts is Obama's massive government expansion. However, the set-up for this expansion started decades ago. The Supreme Court has appointed itself as "interpreters” of the meaning of the Constitution. This led to a decision that sets up the defeat of the Firearms Freedom Acts. In Wickard v. Filburn, SCOTUS ruled that a farmer growing wheat for his own use was still subject to interstate commerce law because, by using his own wheat, he was affecting interstate commerce. By not participating in interstate
commerce, you affect interstate commerce and are subject to the laws governing it. This is a bold, ridiculous leap but there it is.
Eventually, someone will start paying attention to these acts and they will end up in the Supreme Court. Based on their own precedent, the Supreme Court will likely find in favor of the federal government. The next step is likely secession . . . will anyone take it?
--rightofcourse
Tennessee recently became the latest state to pass their version of The Montana Firearms Freedom Act. These acts are rooted in the 2nd and 10th amendments. The framers of our Constitution knew that the natural course of government is toward expansion and centralized
power.
The Bill of Rights is an effort to curtail this. The 2nd amendment ensures the rights of gun ownership. This right was ensured so the people could be armed against an oppressive government. The 10th amendment states that unless the Constitution specifically grants power to the federal government, the power remains with the states and decentralized.
The federal government was also divided into three branches with each branch given checks over the others. The framers of our Constitution did not foresee the branches forming a cartel led by the Executive.
The proximal cause for these Firearms Freedom Acts is Obama's massive government expansion. However, the set-up for this expansion started decades ago. The Supreme Court has appointed itself as "interpreters” of the meaning of the Constitution. This led to a decision that sets up the defeat of the Firearms Freedom Acts. In Wickard v. Filburn, SCOTUS ruled that a farmer growing wheat for his own use was still subject to interstate commerce law because, by using his own wheat, he was affecting interstate commerce. By not participating in interstate
commerce, you affect interstate commerce and are subject to the laws governing it. This is a bold, ridiculous leap but there it is.
Eventually, someone will start paying attention to these acts and they will end up in the Supreme Court. Based on their own precedent, the Supreme Court will likely find in favor of the federal government. The next step is likely secession . . . will anyone take it?
--rightofcourse
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