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...stuck gears of credit) and the long-term capital gains tax on it is $180 billion, which could buy a lot of crap CDOs. And then perhaps resell them at a profit. If we take that $1.2 trillion as a loss, the government foregoes tax money, because taxpayers will report lower incomes after they write off investment losses. Revenues drop, so the government then has to keep priming the pump by increasing spending, which will really tick off Representative Broun...
...Originally requested by Senators Ted Kennedy and Barbara Boxer after the great bagged-spinach E. coli fiasco of 2006, the report arrives on the heels of a salmonella outbreak earlier this year, linked to tomatoes and peppers, which sickened at least 1,440 people and was America's largest food-borne-illness outbreak in a decade. Meanwhile, toxic additives in milk products in China have killed four infants, sickened 54,000 and led to recalls of Chinese dairy products worldwide...
...requested in a three-page proposal 10 days ago but divvies the money up: $250 billion immediately, with another $100 billion upon request of the President. The rest, if and when it is needed, will require the approval of Congress. And the money comes with strings. Paulson must report back to Congress more often and transactions must be posted online within two days. The House is expected to take up the bill on Monday and the Senate aims to pass it by Wednesday...
FactCheck.org, a watchdog group started in 2003 by the Annenberg Public Policy Center, monitors statements and advertising by the Presidential campaigns and independent political groups - in the process exposing one or two lies every day. (The day after the first presidential debate, FactCheck.org posted a 10-point report of less than honest moments.) Its work has become a go-to resource for bloggers, mainstream media and the candidates' themselves. So is this campaign less honest? TIME talked to FactCheck.org director Brooks Jackson. You have skewered both presidential campaigns for exaggerations and outright lies. Do you make a conscious effort...
...gateway drug hypothesis”—which posits that use of marijuana will lead to use of harder drugs—“has no evidence besides what people say. It’s just stupid.” Miron wrote a report in January estimating that Massachusetts would save approximately $29.5 million in law enforcement costs annually from decriminalizing marijuana. But Brownsberger, who was once an associate director at Harvard Medical School’s Division on Addictions, said he questioned such reports because “very few people are prosecuted or put in jail...