Monday, April 16, 2012

Tupac Comes Back Via Hologram for Coachella 2012…He Died 15 Years Ago FYI

Looks like the future has finally arrived. Arguably the most talked about event at this year’s Coachella festival is the one below, a hologram of Tupac performing with Snoop Dogg. It closed out the show Sunday night, starting with Tupac actually shouting out Coachella and then his holographic image performed 2 of Amerikaz Most Wanted before dissipating. Horribly morbid or infinitely cool that they could pull this off?

Today's News NJ: Hillary Clinton gets drunk In Colombia (PHOTO)

Seven down and five to go..
Girls just wanna have fun..
Let's invite her to the Tea Party Jam, LOL...

Sean Bell Killing: Fired NYPD Detective Gescard Isnora Says He Has 'No Regrets' (VIDEO)

IMF chief urges more U.S. “appropriate indebtedness”

By Bill Wilson
Is the International Monetary Fund (IMF) inserting itself into U.S. political affairs and potentially setting up a conflict over U.S. sovereignty?

After a speech last week at the Brookings Institution on the financial crisis, IMF Managing Director Christine Lagarde took questions from the audience, including one from U.S. Bureau of Economic Analysis economist Garth Trinkl. Trinkl wanted to know if a massive mortgage bailout — funded by taxpayers — was in the offing and what Lagarde and the IMF thought about it.

Asked Trinkl, “Is this a time where there could be some debt restructuring within the older [advanced] countries to add to aggregate demand in the U.S.? And could this expand beyond just foreclosures so that there could be — now that the financial sector has had a boost — the middle class in the OECD could have its own boost?”

“A matter of urgency”

Lagarde responded to Trinkl’s question, saying, “This is something the IMF has had a long-standing position on. The housing problem is something that needs to be addressed as a matter of urgency.”

But what business is it of the IMF’s? Is Lagarde joining the Obama reelection campaign to push for his policies? Taxpayers in part pay for her salary. Is this what they’re paying for?

The only thing Congress should be “urgently considering” is withdrawing the $165 billion of U.S. taxpayer funds from the IMF. Because of the IMF, we are on the hook for tens of billions of debt owed by bankrupt countries in Europe and elsewhere.

This is a very dangerous precedent. The IMF — along with the European Union — is already making demands on the sovereignty of countries like Greece, Ireland, and Portugal that have been forced to accept bailout refinance loans for their sovereign debt.

Now, Lagarde is inserting herself and the IMF directly into the economic decisions of the United States. She is proving the worse fears of many that the IMF intends to dictate economic terms to every nation in the world. By inserting herself into the already highly charged domestic political debate over mortgage bailouts, Legarde has lite a fuse that could explode at any time.
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Could Captain Romney Change The Course Of Captain Obama's Titanic?

Video by Frank McCaffrey
Get permalink here.

Understanding why some people pay lower tax rates

By Rick Manning

The so-called “Buffett Rule” would automatically subject anyone who has taxable income above one million dollars to a 30 percent tax rate regardless of how that money was earned. But, it is based upon the hope that Americans fundamentally misunderstand the way different types of income are taxed and the reasons behind these differences.

The first question to ask is: Do those who make over a million dollars a year pay a lower income tax than those who make under that amount?

The answer is some do, and some don’t. It depends upon how they make their money.

If a single wage earner makes has taxable income equaling more than a million dollars in straight wages in 2011, then that person will pay $327,313 in federal taxes, or 32.7 percent of their income in taxes.

Yet, if the same person earns all of their money in capital gains from investments that (s)he owned form more than a year, the money is taxed at the lower rate of 15 percent, and the investor would owe $150,000.

And that is where the entire confusion over the ill-named “Buffett Rule” comes about. Most workers get a vast majority or all of their income from wages so they are taxed at a sliding scale rate depending upon the taxable income.

Whereas, it is not uncommon for people who make in excess of one million dollars of year in income to have much of that money a result of selling property or assets that they have owned for more than a year and their income is derived from the profit they made from the asset. These transactions are called long-term capital gains.

What is the difference between the two scenarios?

The person earning money through wages has not put any of his or her personal wealth at risk in order to gain a return, the straight wage earner is trading his/her time in exchange for money.
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Obama’s disapproval rating threatens to swamp his campaign

By Rebecca DiFede

In a nation consumed by the upcoming election, leading GOP candidate Mitt Romney is coming ever-closer to overcoming the campaign king, our illustrious incumbent President Obama.

And according to a Fox News poll, he may be closer than expected.
The poll was pretty extensive, and gives a specific look at how the country is feeling about the president versus the projected GOP nominee. But the general consensus is that despite his previous lead, Obama might have some competition from the Governor from Massachusetts.

The poll has reported that Romney is leading Obama 46-44 percent nationally, which is only the beginning.

Obama’s loudest cheering section, the mainstream Democrats, only report an 80 percent support of his presidency, down from 86 percent last month. This is a fascinating development because despite his faults, Democrats had always been completely infected with Obamarama.

However, perhaps when they look at their dwindling bank accounts, and borderline useless stock projections, they have begun to come out of their daze.

Another group that is important to focus on in this upcoming election are the Independents. Because of the polarization of this election, it’s pretty much going to come down to a popularity contest, and the Independent vote is going to be crucial in deciding a winner.
Get full story here.

Breivik trial gets underway in Norway as defendant claims self-defense (+video) – Christian Science Monitor

6 Breivik trial gets underway in Norway as defendant claims self defense (+video)   Christian Science MonitorChristian Science Monitor Breivik trial gets underway in Norway as defendant claims self-defense (+video) Christian Science Monitor Anders Behring Breivik admitted to July 2011 attacks in Norway that killed more than 70 people, but did not take criminal responsibility for them. By Tom A. Peter, Correspondent / April 16, 2012 Norwegian mass killer Anders Behring Breivik gestures as ..

Bruce Jenner not 'excited' by Kimye romance

Bruce Jenner By Ann Oldenburg, USA TODAY Khloe Kardashian may approve of the idea of sister Kim dating Kanye, but Bruce Jenner says he's "not that excited" by it. Kim's stepdad says he has had a "conversation with Kimberly" about the "potential relationship," and more

Afghan official: Haqqanis blamed for Kabul attacks

KABUL, Afghanistan (AP) — A militant arrested in the attacks on the Afghan capital and three other cities has confessed that the 18-hour assault was carried out by the Haqqani network, a lethal group of fighters with ties to the Taliban and al-Qaida, a top Afghan security official said Monday.
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