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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. surveillance programs threaten freedom of press, report says

1 hr ago - U.S. surveillance programs are making it more difficult for government officials to speak to the press anonymously, two rights groups said on Monday. Large-scale surveillance, on top of the Obama administration's crackdown on national security leaks ... (Reuters)

Israeli Airstrike Hits Main Gaza Hospital, Palestinian Officials Say

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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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'Bad luck' ensured that asteroid impact wiped out dinosaurs

4 hrs ago - 28 July 2014 Last updated at 04:21 By Pallab Ghosh Science correspondent, BBC News Dinosaurs were wiped out by an asteroid impact when they were at their most vulnerable, according to a new study. Dr Steve Brusatte, of Edinburgh University, sai ... (BBC News)

Fears over massive Libya fuel fire

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Ebola outbreak: Liberia shuts most border points

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First lady: 2014 election key

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Veterans' Affairs committee chairmen reach deal on legislation

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Islamic Jihad Said to Have Iranian 'Judgement Day' Missile

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Survey: US gas prices fall 9 cents to $3.58

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Obama Tells Netanyahu US Is Worried About Worsening Conditions In Gaza, Civilian Deaths

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International team cancels visit to MH17 crash site amid fighting

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Boko Haram kidnaps wife of Cameroon's vice PM, kills at least three

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U.S.: Satellite Imagery Shows Russians Shelling Eastern Ukraine

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After Rejecting a Cease-Fire, Hamas Proposes a New One

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Boy with inoperable brain cancer, 6, receives 15,000 birthday cards and gifts from strangers

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Libya clashes kill 'at least 36' in Benghazi

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Pope: World War I should teach us: No more war

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Official: Ebola Kills Senior Doctor In Liberia

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House Republicans: Libya mess reflects failed U.S. policy

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Gaza militants launch big rocket salvo at Israel

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