Worth your time to read and contemplate…

…Worth your time to read and contemplate…

Joseph Dellapenna: ‘A Primer

on Groundwater Law’

 

Posted: 29 Jun 2013 10:28 AM PDT

 

Hydrogeologist-lawyer Chris Brooks, who runs the informative Watering The Desert blog from God’s country (Tucson, AZ) highly recommends Villanova Law School water lawyer extraordinaire Professor Joseph Dellapenna’s (pictured here) opus, A Primer on Groundwater Law. Joe’s a good friend, the best water lawyer I have ever met, and a baseball…clip_image001

 

Why is the US Army “fearful” of the Guardian newspaper…?

…Why is the US Army “fearful” of the Guardian newspaper…?

 

US Army blocks personnel’s access to Guardian’s website

-28-2013  •  PHILLIP MOLNAR, Monterey Herald

The U.S. Army has restricted Army personnel’s access to the news coverage of the National Security Agency’s spying programs by blocking the Guardian’s website. The Monterey County Herald reported Thursday that U.S. Army employees at the Presidio of 

 

When do “we” wake up smell the roses

…When do “we” wake up smell the roses and become clearly aware the privately owned FED and their muscle the IRS control our economy … our Congress our U. S. Supreme Court … and the office of the President of the U.S.A. …don’t like it … then we need to get off our butts and change it…

 

OCC looked the other way at the blatant independence conflict when JP Morgan engaged Deloitte

06-28-2013  •  http://www.forbes.com/sites/francinemckenna/2013/0 

One of the fundamental tenets of the “independent” foreclosure reviews of mortgage servicers ordered by the OCC and Federal Reserve Board was the independence and objectivity of the consultants. The ICs for the IFRs were supposed to determine how . . .

 

challenge is to know what and why ‘we’ pushback

 

…the challenge is to know what and why ‘we’ pushback against privatization … there may be instances when it would be to our advantage providing ‘we’ the people exercised oversight on all their activities…

 

 

The Pushback Against Privatization Across the Country    Read the Article 

 

Brendan Fischer, PRWatch: State and local governments are reconsidering whether for-profit companies should be allowed to indiscriminately profit off of taxpayer dollars with limited accountability.

we spy on everyone we do not discriminate

…Shows United States is an equal opportunity “spy” we spy on everyone we do not discriminate…

 

Attacks from America: NSA Spied on European Union Offices

06-29-2013  •  Spiegel: Laura Poitras, Marcel Rosenbach, more

America’s NSA intelligence service allegedly targeted the EU with its spying activities. According to SPIEGEL, the US placed bugs in the EU representation in Washington and infiltrated its computer network. Cyber attacks were also perpetrated aga

 

corporate tax dodgers do we care…?

…No one can make you read or believe anything … question … why then does America’s allegedly “free-press” refuse to disclose this information to you and me … or don’t we care…?

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Thirteen Facts About America’s Tax-Dodging Corporations

Saturday, 29 June 2013 10:51 …  http://www.truth-out.org/opinion/item/17279-thirteen-facts-about-americas-tax-dodging-corporations

A judicious writer avoids adjectives like “mindblowing,” especially when covering political or economic issues. But no other word seems to describe the stunning reality of corporate taxation in modern America, which cries out for the italics-heavy, exclamation-point-driven format made famous by Ripley’s Believe It or Not.

Stylistic overkill? Read these thirteen facts and you may change your mind.

1. We’re told we can’t “afford” full Social Security benefits, even though closing corporate tax-haven loopholes would pay for Obama’s “chained CPI” benefit cut more than ten times over!

Abusive offshore tax havens cost the US $150 billion in lost tax revenue every year (via FACT Coalition). That’s $1.5 trillion over the next ten years.

The “chained CPI” cut, proposed by President Obama and supported by Republicans, is projected to “save” a total of $122 billion to $130 billion over the same time period by denying benefits to seniors and disabled people.

It’s true. “Serious” politicians and pundits are demanding that ordinary people sacrifice earned benefits, while at the same time allowing corporations to avoid more than ten times as much in taxes.

2. Corporate tax rates are near their 60-year low, even though profits are at a 60-year high!

Need we say more?    (Source: Americans for Tax Fairness.)

3. Wells Fargo got $8 billion in tax breaks, even as executives at its subsidiary Wachovia avoided indictment for laundering money for the Mexican drug cartels!

That’s right. Wells Fargo paid a negative tax rate of -1.4 percent between 2008 and 2010 while Wachovia, a Wells Fargo subsidiary, admitted to laundering more than $378 billion for Mexican drug gangs.

We’re talking about crazed killers like “El Loco” and gangs like “Los Zetas” – gangs who cut people’s heads off and toss them out onto disco dance floors or display them in the town square.

Wachovia bankers ignored repeated warnings from law enforcement officials, and continued to launder money for cartels that have murdered tens of thousands.

And yet no criminal indictments were handed down because, as a Senate investigator told Bloomberg News, “”There’s no capacity to regulate or punish them because they’re too big to be threatened with failure.”

4. Some other huge corporations paid less than nothing, too. (Source: Citizens for Tax Justice)

Pepco Holdings (-57.6% tax rate)
General Electric (-45.3%)
DuPont (-3.4%)
Verizon (-2.9%)
Boeing (-1.8%)
Honeywell (-0.7%)

5. The amount of money US corporations areholding offshore is an estimated one trillion dollars!

Rather than tax these profits the way other countries do, corporate politicians are promoting a tax “repatriation” break that would let corporations “bring this money home” while paying even less than their currently low rates.

They tried that in 2004 and it didn’t create any jobs. In fact, corporations took the tax break and then fired thousands of people. What “repatriation” did do is line a lot of wealthy investors’ pockets.

So, naturally, they want to do it again.

6. One building in the Cayman Islands is the official location of 18,857 corporations!

According to the Government Accountability Office, a five-story building called “Ugland House” is home to nearly twenty thousand corporations. That’s impressive, especially for such a small edifice. (Perhaps it has supernatural half-floors and space-time defying “mind tunnels” like the office in Being John Malkovich.)

While impressive, Ugland House’s distinction pales next to that of 1209 North Orange Street in Wilmington, Delaware. According to one investigation, that address is home to 217,000 corporations.

That’s because Delaware has very generous tax rules – and, as a result, is home to more than half of all the corporate subsidiaries in the United States.That’s startling, since only 1/342th of the nation’s population lives in that state (917,092 residents, out of a national total of 313,914,040, according to the latest census results).

7. Conservatives complain about the “official” corporate tax rate in this country, but corporations actually pay roughly one-third of the official rate in actual taxes.

The official, or “statutory,” corporate tax rate is 35 percent. But the actual rate paid by American corporations is only 12 percent, less than that paid by many middle-class Americans.

(Source: The FACT Coalition.)

In fact, US Corporations pay less tax as a percentage of the GDP than corporations in Canada. Or Japan …

… or South Korea. Or Norway. Or Luxembourg, New Zealand, Israel, the Czech Republic, Sweden, Belgium, Switzerland, the United Kingdom, Denmark, Finland, and Italy.  …(Source: OECD StatsExtract interactive database.)

8. Corporations used to pay 30 percent of Federal taxes, and now they pay less than 7 percent!

That’s because the corporate tax rate has plunged since Dwight D. Eisenhower was President and is now the lowest it’s been in modern history.    Source: FACT Coalition.)

9. Big corporations paid $216 million to Congress and got $223 billion in tax breaks!

As Citizens for Tax Justice and USPIRG reported, 280 large and profitable corporations contributed $216 million to Congressional campaigns over four election cycles and got nearly a quarter of a trillion dollars in tax breaks.

That’s a terrific investment for them – a return of more than a thousand to one – but it’s a bad deal for the American people.

10. We don’t even know who owns some corporations, even though that makes it easier toevade taxes, dodge creditors, avoid paying alimony or child support, and even fund terrorism!

Here are some examples of investments that might represent a terror threat. Corporate interests are blocking disclosure rules that would help protect our national security.

11. Bank of America committed foreclosure fraud, was bailed out by the government, and then paid no taxes on $4.4 billion in profit!

That’s right. In 2010, while BofA was negotiating a sweet settlement deal for its foreclosure fraud, it paid nothing in taxes. (Source: FACT Coalition.) Zero, on $17.2 billion in offshore earnings. …  (Source: Americans for Tax Fairness.)

Its $4.1 billion tax break came on the heels of the bank’s taxpayer-funded bailout, immunity from prosecution for its criminal employees, and a cushy government settlement for its foreclosure fraud.

Now David Dayen reports that the bank has apparently continued to defraud customers in violation of its government settlement. Whistleblowers have stated inaffidavits that they were “told to lie” to customers, continued to deceive homeowners before foreclosing on them, and flipped customers to new servicing companiesto invalidate previous homeowner agreements.

12. What they call “tax reform” would actuallyprevent our elected representatives from giving businesses financial incentives to improve our lives!

The word “reform” is an honorable one that’s been put to some dishonorable uses lately. “Entitlement reform,” for example, is merely a euphemism for gutting Social Security and Medicare.

Similarly, corporate-backed politicians are pushing a formula for permanent corporate tax breaks and calling it “tax reform.” They insist their “reform” be “revenue neutral” and say it will “broaden the base while lowering the rate.”

Here’s an English translation: The current, unsustainably low rates for corporations would be made permanent, while eliminating many tax deductions in the name of “simplification.”

Here’s what that really means: The domestic tax credit for creating jobs? Gone. Tax breaks for protecting the environment with clean energy, rather than harming other people’s health and leaving a mess for the rest of us to clean up? Gone.

All in all we’d lose dozens of important policies that make our lives better, while permanently fixing corporate taxes at today’s cushy giveaway rates.

“Reform”? Ripoff is more like it.

13. Despite their greed, mismanagement, and freeloading, tax-dodging corporations are using shell organizations like “Fix the Debt” and “the Committee for a Responsible Federal Budget” totell ordinary Americans they have to sacrifice even more to preserve corporate wealth!

These organizations are using the heads of failed banks – people like Chase’s Jamie Dimon and Lloyd Blankfein of Goldman Sachs – to dispense “advice on the economy.” That’s like getting navigation tips from the captain of theExxon Valdez.

(Tax breaks for Exxon Mobil: $4.1 billion between 2008 and 2010. The company paid no taxes at all in 2009.)

These executives and their paid spokespeople tell the rest of us we need to “sacrifice” and “tighten our belts” so that their party can go on forever. And too often they’re treated as credible sources, rather than as corrupting influences on our public life.

It’s all true – and there are many more astonishing facts to be found in the world of corporate taxation. To fix the economy more people will need to learn about them – and demand that they be changed.

The writer and analyst in me wants to apologize for all the italicizing and all those exclamation points. But the American citizen in me wants to shout the truth out for all the world to hear – believe it or not!

 

 

keep a close eye on this alleged “retrofit”

…It would be to our best interest to keep a close eye on this alleged “retrofit” of our electric grid … NO … I don’t trust them…

 

Congress Planning to Retrofit Electric Grid: Fear of an EMPor CME that could Wipe Out America

-29-2013  •  offgridsurvival.com

The threat of a solar flare wiping out our electric grid is probably something that most people have never even heard of, but the fact is, the threat is very real and has happened in the past.