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Obama Could Invoke An Old Law To Stop Companies From Leaving America To Save On Taxes

(Business Insider) President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. tax bills, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration. He also served as international tax counsel at Treasury from 1982 to 1987 in the Reagan administration.

steve2470

Sarah Palin launches online TV channel

(Politico) In a Facebook post late Sunday evening, the former Alaska governor and 2008 Republican vice-presidential nominee announced the Sarah Palin Channel, an interactive, online network designed as an alternative to mainstream news media.

“This is a news channel that really is a lot more than news,” Palin said in a video introducing the network. “This is a community where we’re going to be able to share ideas and discuss the issues of the day. And we’re going to find solutions.”

nashville_brook

"How the left took over the Democratic Party" -- sez beltway hack

This is an interesting piece from former Clinton political director Doug Sosnik wherein he says our party is more united than ever before, but: "simmering beneath the surface of this united front is an ascendant progressive and populist movement that is on the verge of taking over the party."

And I'm not sure if he's thinks this is a good thing or a bad thing...

a kennedy

Knew I loved Stephen King.....see a couple of tweets.....

(USA Today) Best-selling author Stephen King has called out Tea Party types and Christians on Twitter, suggesting they’re hypocrites on immigration. Some of them weren’t too happy.

King doesn’t tweet much (only 323 so far) but he has a lot of followers (477,000), and at the moment he’s in a tweet-fight with his Tea Party foes over the current crisis over thousands of Central American children arriving unaccompanied at the border.

one_voice

‘Modern Family’ Star Refuses To Have Picture Taken With Homophobe Rick Santorum

(Addicting Info) According to Modern Family’s Eric Stonestreet, Republican presidential nominee also-ran Rick Santorum was at the White House Correspondents Dinner and approached him for a picture with himself and his kids. Stonestreet, who’s character on the show is openly gay, said it was never going to happen.

“It was at a time when he was publicly saying, ‘Gay marriage, gay marriage’ and I’m like, ‘You know, I can’t do it.”

applegrove

"Obamacare Website Getting So Much Traffic It's Surprising Experts"

(HuffPo) For months, journalists and politicians fixated on the number of people signing up for health insurance through the federal exchange created as part of the Affordable Care Act. It turned out that more than 5 million people signed up using Healthcare.gov by April 19, the end of the open-enrollment period.

But perhaps more surprising is that, according to federal data released Wednesday to ProPublica, there have been nearly 1 million transactions on the exchange since then. People are allowed to sign up and switch plans after certain life events, such as job changes, moves, the birth of a baby, marriages and divorces.

bigtree

Mary Poppins Quits

Retweeted by The White House
Funny Or Die ‏@funnyordie 43m
Mary Poppins (@IMKristenBell) sings a catchy new tune about raising the minimum wage: http://ow.ly/3nxEOD

octoberlib

Price-gouging businesses cry ‘socialism’ after KY drivers flock to city-run gas station

(Raw Story) Businesses in a small Kentucky town are crying “socialism” after the mayor got tired of constant price gouging and opened a city-owned gas station.

According to The Associated Press, the Somerset Fuel Center was a hit with consumers when it opened on Saturday. It served 75 customers in the first three hours, and has been averaging about 300 fill-ups per day ever since.

Mayor Eddie Girdler said that residents of Somerset, which is a tourist destination, had complained for years about high gas prices, which the town estimated were 20 to 30 cents higher per gallon than surrounding cities.

n2doc

U.S. health insurers to pay $330 million in premium rebates

(Reuters) U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama's healthcare law, the U.S. Department of Health and Human Services said on Thursday.

The law, often called Obamacare, requires insurance companies to refund customers when they spend less than 80 percent or 85 percent of healthcare premiums they collect for medical care.

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U.S.: Russia violated 1987 nuclear missile treaty

30 min ago - The Obama administration is accusing Russia of violating a 1987 nuclear missile treaty, calling the breach a, quote, 'very serious matter.' An administration official says the United States has notified Russia of its determination that it broke the ... (AP)

Rocket blasts off with U.S. ‘neighborhood watch’ spy satellites

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White House: EU, US to Impose New Russia Sanctions

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Harry Reid: Israel May Need More Aid

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U.S. Condensate Oil Export Requests Put on Hold for Now.

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Dollar Tree steps up fight, buys Family Dollar

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Lawmaker sorry he mistook US officials as Indian

4 hrs ago - Lawmaker sorry he mistook US officials as Indian 9:55 AM Tuesday Jul 29, 2014 WASHINGTON (AP) A freshman Republican lawmaker has apologized for mistaking two senior U.S. government officials as Indian when they testified at a congressional hearing. ... (Associated Press)

Texan Castro Sworn In as New Housing Secretary.

4 hrs ago - Former San Antonio Mayor Julian Castro has been sworn in as head of the Department of Housing and Urban Development. The official ceremony makes Castro one of the highest-ranking Hispanics in the government. The brief observance took place Monday at ... (nyt/ap)

Margot Adler, An NPR Journalist For Three Decades, Dies

5 hrs ago - Margot Adler, one of the signature voices on NPR's airwaves for more than three decades, died Monday at her home in New York City. She was 68 and had been battling cancer. Margot joined the NPR staff as a general assignment reporter in 1979. She wen ... (National Public Radio)

Mining deaths on rise, 22 in first half of 2014

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U.S. court backs government demand for names of 'straw buyers' of guns

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Israeli PM warns of prolonged campaign in Gaza war

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Storms knock down US-Mexico fence in Arizona

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Donald Sterling loses court battle to prevent sale of Clippers

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Former Va. governor's corruption trial begins

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US fuming over Israeli criticism of Kerry

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FAA proposes to fine Southwest Airlines $12M

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Medicare hospital fund to last 4 years longer

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Poor Families Recieve 'Supervouchers' To Rent In City's Priciest Buildings (Chicago Gold Coast)

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Smith & Wesson pays SEC penalty after being accused of bribing

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BREAKING: US Appeals Court: Va. Gay Marriage Ban Unconstitutional

11 hrs ago - @Reuters: RT @ReutersUS: #BREAKING: U.S. Fourth Circuit Court of Appeals strikes down Virginia's constitutional ban on same-sex marriage. US COURT: VA. GAY MARRIAGE BAN UNCONSTITUTIONAL By MICHAEL FELBERBAUM — Jul. 28, 2014 1:34 PM EDT RICHMOND, Va ... (Associated Press / Reuters)

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Israeli Airstrike Hits Main Gaza Hospital, Palestinian Officials Say

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IATA seeks meeting with Venezuela president over money owed to airlines

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Police team turns back from Ukraine crash site

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Bob McDonnell Goes on Trial Today

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Pakistan mob kills woman, girls, over 'blasphemous' Facebook post

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