Wednesday, August 31, 2011

Vick’s teammates react to star’s new mega-deal (With Video)

ABC News
PHILADELPHIA – Almost as compelling as the Eagles' six-year, $100 million commitment to quarterback Michael Vick is the reaction of teammates to the, contract extension. The real Mike Vick lies somewhere between the extremes.
Vick’s teammates react to star’s new mega-deal (With Video) – Delaware County Daily Times

Buffett’s Billion-Dollar Tax Hypocrisy

By Bill Wilson
Writing for the New York Times recently, Berkshire Hathaway chairman and chief executive Warren Buffett called for taxes to be increased on the so-called “super-rich,” suggesting that he and his elite billionaire and millionaire friends are itching to pay more.

Buffett wrote, “Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.”

Of course, if that’s the case, why doesn’t Buffett’s company settle its own ongoing tax disputes with the Internal Revenue Service (IRS)? As Americans for Limited Government (ALG) has reported exclusively — a story given national attention by a New York Post editorial — according to Berkshire Hathaway’s own annual report, the company has been embroiled in an ongoing standoff over its tax bills.

Using only publicly-available documents, a certified public accountant (CPA) detailed Berkshire Hathaway’s tax problems to ALG researcher Richard McCarty. Now, the American people have a better idea of how much in back taxes the company could owe Uncle Sam.

According to page 56 of the company report, “At December 31, 2010… net unrecognized tax benefits were $1,005 million”, or about $1 billion. McCarty explained, “Unrecognized tax benefits represent the company's potential future obligation to the IRS and other taxing authorities. They have to be recorded in the company’s financial statements.”

He added, “The notation means that Berkshire Hathaway’s own auditors have probably said that $1 billion is more likely than not owed to the government.”
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EU Tightens its Noose

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Obama Taking Shots From Every Direction, Including The Left

Video by Frank McCaffrey
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Spreading ‘Big Oil subsidy’ disinformatio

By Paul Driessen

Every American manufacturing company gets tax deductions that help it create jobs and strengthen our economy — whether it produces newspapers, furniture, cars or fuel. Eliminating those deductions would increase unemployment and further slow our nation’s desperately needed economic recovery.

Yet that is precisely what President Obama wants to do when oil companies want to use the deductions. It is one of many ways the Obama administration is undermining the oil industry and 9.2 million Americans whose jobs it supports. It is part of the administration’s strategy for replacing fossil fuels with heavily subsidized “alternatives” that taxpayers cannot afford, and consumers will not purchase on their own.
Newspapers that benefit from the same genre of tax deductions as oil companies nevertheless sometimes join attacking the oil industry, and the jobs and benefits it creates. This is rank hypocrisy.

“If Republicans are truly determined to slash the budget and end government waste,” the New York Times editorialized, “they will start [by] ending the web of tax breaks enjoyed by the rolling-in-dough oil industry and terminating the ethanol subsidy. Together these cuts would save up to $100 billion over 10 years.”
The Times is right about ending ethanol subsidies. But it and other “progressives” are wrong on every other argument they present to justify their job-killing, economy-crippling energy agenda.

1) Oil industry tax deductions cover costs incurred in exploration, drilling, production, transportation and refining. They aren’t subsidies or special tax breaks. They are essentially the same deductions claimed by all manufacturers, in conducting their business under our complex tax code. They ensure that businesses recover their costs and get taxed only on net income, in the process of making essential products.

Refineries and petrochemical manufacturers play an especially vital role in the oil industry — transforming crude oil and natural gas into fuels and raw materials used to make fabrics, plastics, pharmaceuticals, cosmetics, fertilizers, carpets, paints, roofing, siding, and myriad other products that improve and safeguard our lives. Solar panels and resins for fiberglass wind turbine blades are also petroleum-based.

The New York Times itself enjoys similar tax breaks, and hasn’t offered to give one of them up, to help end government waste. Nor have other newspapers, some of which have even sought to benefit under the “failing newspaper act,” which would let them operate as “educational nonprofits,” and pay no taxes. Others have sought exemptions from antitrust laws, so that they can set online subscription prices.
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Still packing a punch, Dick Cheney tells his story

—Dick Cheney is confident of the rightness of the hawkish policies he espoused as vice president and the wrongness of his critics, then and now. By H. Darr Beiser,, USA TODAY Dick Cheney's memoir praises former president George W. Bush as a bold and

By Alex Weprin on August 30, 2011 5:45 PM The NBC “Dateline” special featuring an interview with former VP Dick Cheney gave gave the network a close first-place finish at 10 PM. “Dateline” averaged 5.53 million total viewers, including a 1.7 rating/4

John Prescott's inability to engage with Dick Cheney resulted in a "fatal gap" between the US and the UK, a senior British diplomat has told the Iraq inquiry. Tony Blair has waded into the debate over England's riots, constructing an explanation that

Dick Cheney said "heads will explode" over his memoir, "In My Time."

John McCain's attempt to suspend his presidential campaign to deal with the financial crisis in the fall of 2008 stunned many in the White House and struck then-Vice President Dick Cheney as a sign that “the Republican presidential ticket was in

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15 arrested in N.Y. Playland melee over head scarves

The park was crowded with Muslims celebrating Eid-ul-Fitr, one of Islam’s two major holidays.
Police from at least nine agencies converged on the park after county police sought assistance in responding to the disturbance, which involved 30 to 40 people.

Another 13 people were arrested, most charged with disorderly conduct. All those charged were released by Tuesday night.

“It’s unfortunate because everybody just wants to be home with their families today,” said Zead Ramadan of the Council on American Islamic Relations.

Parks officials “painstakingly” told the organizer about the headgear ban, said Tartaglia. But he said that the rules might not have been communicated by the organizer to some attendees.

Three accidents on Playland rides that killed two children and a park worker between 2004 and 2007 were unrelated to clothing the victims were wearing. But the headgear ban was among safety rules that went into effect after those deaths.

“It’s a safety issue on rides. If it’s a scarf, you could choke,” Tartaglia said.

Accounts of what happened varied, but everyone agreed the dispute began after parkgoers were told the headgear ban applied to women wearing traditional Muslim head coverings, known as hijabs.
Tartaglia said once word of that got out there were “a lot of unhappy people.”

Tartaglia said park officials were in the process of arranging refunds when members of the Muslim group got into a scuffle with each other.

Ramadan said he could see both sides.

“The people feel like victims, and the police feel like they were just doing their jobs,” Ramadan said. “Personally I think things got a little out of control on both sides.”

Lola Ali, 16, of Astoria said she witnessed a group of girls and women wearing hijabs go to park security to confront them about the headgear issue.

She said the women were upset and yelling. She said the security officers started pushing them away and the girls stood their ground, at which point the security officers grabbed them, pushed them to the ground and handcuffed them.

Men within the park saw this and tried to intervene, Ali said, and the situation went downhill from there.
“They were beating down the girls, then they started beating down the guys,” she said of the security officers.

Earlier, a park cashier told a Journal News reporter that a woman wearing a hijab either pushed or hit a ride operator who forbade her from going on the ride. She said a police officer tried to restrain the woman and the woman’s husband took offense, at which point a multiple-person fight broke out.

Brooklyn resident Amr Khater, who had come to the park about noon with his family, said his family was told about the hijab rule by park employees when they arrived.

“Everybody got mad, everybody got upset,” he said. “It’s our holiday. Why would you do this to us?”
Eid-ul-Fitr marks the end of the holy month of Ramadan. It is a three-day period during which Muslims give to charity and celebrate their completion of Ramadan’s requirements with family and their community.
Contributing: (Westchester, N.Y.) Journal News reporters Gary Stern and Tim Henderson