Tag Archives: economy

Business/Economics, Technology, U.S.

Government Evil & Corporate Welfare: Republican controled Congress gives Oil Industry $4 billion in taxpayer subsidies

How would you like to own a business that’s making money hand over fist, and get paid by the government on top of that?  The Oil Industry is!

People are literally going hungry in the United States, and Republican controlled congress keeps cutting welfare for the poor, yet the Oil Industry gets 4 billion of your tax dollars every year!!!

“…the United States government provide a heavy public subsidy to petroleum companies, with major tax breaks at virtually every stage of oil exploration and extraction, including for the costs of oil field leases and drilling equipment.“-WikiPedia

Now realize the Oil Industry has been reporting record profits for the past few years.  Recently Exxon Mobil CEO, Rex Tillerson, said his company is spending billions to extract new sources of oil.  But wait, if the U.S. taxpayer paid subsidy is supposed to cover those costs, then who’s money is really going where?

On top of the $4 billion taxpayer subsidy, here are a few more tax breaks for the Oil Industry, and its investors:

Enhanced oil recovery credit. Covers the costs to “enhance” a well’s oil or natural gas production.

Non conventional source fuel credit. Tax credit for production of “qualified” fuels such as oil shale, tight formation gas, and certain synthetic fuels produced from coal.

Lease Operating Expense. Covers the day to day costs involved with the operation of a well, and re-entry, or re-work, of an existing producing well.

Intangible Drilling Costs. Labor, drilling rig time, drilling fluids etc.

Intangible Completion Costs. Labor, completion materials, completion rig time, fluids etc.

Depletion Allowance. Investors in a producing well are allowed to shelter some of the gross income derived from the sale of that oil/gas.  Generally 15% of the well’s annual production can be sheltered from income tax.

So don’t feel sorry for the A-holes!

Business/Economics, Idaho, U.S.

Idaho’s Republican governor pays his female officials less than his male officials, much less

Governor Butch Otter pays the females in his administration an average of $20,000 less than his male administrators.

“Director Gould is about $38,000 under the newly employed Jeff Sayer. You can’t argue she doesn’t have as many employees. Our state is no different than the national averages that show women reach a ‘glass ceiling’ for promotion and pay.”-Representative Wendy Jaquet of Ketchum

Idaho Agriculture Director, Celia Gould, has worked for Butch Otter since 2007.  She’s paid $106,621 per year.   Jeffrey Sayer, Commerce Director (running a smaller agency), has worked for Butch Otter since October 2011, yet he gets paid $145,018 per year.

The median salary for females in Butch Otter’s cabinet is $85,446.  The median salary for males is $103,002.

Oh, but Idaho is a Right to Work state.

Business/Economics, U.S.

What Economic Recovery? 20,000 Teachers laid off, $4.8 billion in more cuts could be coming

March 18, 2012, California has notified at least 20,000 teachers that they will not be coming back to work.

Tom Torlakson, California’s Superintendent of Public Instruction, says the notices reflect a financial emergency: “Though the very future of our state depends on California’s teachers …(they) will now spend months in limbo, worrying about their futures and the future of their students.”

It could be worse.  In November elections, Californians will decide if they can afford a huge tax increase, that could keep even more teachers from losing their jobs.

If the tax increase fails to get the vote, then a $4.8 billion trigger cut to education funding will go into effect, which could result in another 55,000 teachers being laid off!

Beware the old saying: “As California goes, so goes the nation.”

 

Technology, U.S.

United Police States of America: CIA will spy on you through your TV, radio, computer, etc

“Items of interest will be located, identified, monitored, and remotely controlled through technologies such as radio frequency identification, sensor networks, tiny embedded servers, and energy harvesters, all connected to the next generation internet using abundant, low cost, and high power computing. The latter now going to cloud computing, in many areas greater and greater supercomputing, and, ultimately, heading to quantum computing.”-David Petraeus, CIA boss, statement made at meeting of In-Q-Tel, the CIA’s venture capital firm

Technology, U.S.

United Police States of America: Utah National Guard base to become site of largest personal data center in the U.S. You are the target!

Photo via National Security Agency, 28DEC2011.

This is a 2011 photo of the  National Security Agency’s $340-million Gordon Regional Security Operations Center at Fort Gordon, Georgia, and it wasn’t big enough so they’re building a bigger one in Utah.

“this is more than just a data center….Everybody’s a target; everybody with communication is a target.”-unnamed intelligence official

Camp Williams is expanding by 240 acres to become Utah Data Complex, run by the National Security Agency. It will be the biggest ever, and should be completed by 2013.

The center will not only spy on, and collect, domestic emails and phone calls, but even what you buy!

The domestic spy center is costing taxpayers $2 billion to build.

Business/Economics, International, Technology, U.S.

Whistleblower & Wikileaks founder Julian Assange running for Australian Senate, hosts Russian TV show

Despite being under house arrest in United Kingdom, Assange is getting a new TV show, and running for political office in Australia.

Assange is scheduled to host The World of Tomorrow for RT (Russia Today): “Assange to record TV series for RT while under house arrest – I am sure it will be an amazing show!” -Margarita Simonyan, RT editor in chief

Assange is also running for a seat in Australia’s Upper House.  Wikileaks is also sponsoring a candidate to challenge Prime Minister Julia Gillard.

 

 

Business/Economics, International

Cadmium contaminated farmland takes 30 years to replace

30 years ago, 1,600 hectares (3,953.6 acres) of farmland in Gifu Prefecture, Japan, was contaminated with cadmium.  The cadmium came from a mine.

What happened was that the mine was dumping cadmium into the river, the local farms used the river for irrigation.  The contamination caused a debilitating condition among local residents, called “itai-itai disease“.

A ceremony was held in Toyama City, on March 17, 2012, to mark to end of 30 years of replacing the contaminated soil!  It is considered the biggest restoration project for farm land in history!

Business/Economics, International, U.S.

Government Evil: Canadians to be raped of at least half a million dollars by Royal family

The visit of the Prince of Wales and the Duchess of Cornwall, to Canada this year, is expected to cost the Canadian taxpayers more than $500,000.

The travel expenses documents were published by the Department of Canadian Heritage.  The published costs do not reveal the costs by federal departments and agencies, nor do they take into consideration the security costs.

The last two “royal” visits ended up raping Canadian taxpayers of more than $1 million for each visit.  The 2011 visit by Prince William and Kate Middleton cost the taxpayers more than $1.2 million.  The 2010 visit by Queen Elizabeth cost taxpayers $2.8 million!

 

Business/Economics, International, Technology, U.S.

Government Lies: U.S. allows farm Corporations to contiue business with Iran, oil contractors as well. Proof the U.S. sanctions against Iran are bogus, and possibly illegal under current U.S. law created by Republicans!

“If they need something really quick and reliable, the U.S. is there to do it.”-unnamed U.S. wheat trader

It’s been revealed that despite U.S. economic sanctions against Iran, U.S. agricultural giants Cargill and Bunge will sell about 220,000 tons of U.S. wheat to Iran, by April.

Not only that, but Iran is paying more than the going Market rate for wheat, as much as $30 per metric ton more!

So what happened to the U.S. economic sanctions against Iran?  Turns out money does talk, and U.S. officials are willing to turn a blind eye to big Iranian money being spent on U.S. industries: “They seem to be taking hundreds of thousands of tonnes a week. If that’s the case and we repeat 2008, if they buy seven million tonnes of wheat, this is going to be a huge deal for the [U.S.] market.“-another unnamed U.S. wheat trader

This could also be proof that there is no economic recovery taking place inside the United States, forcing officials to go back on threats against Iran.

It’s not just the agriculture industry, even U.S. medical industries and oil contractors, and even Mars candy bar corporation, are allowed to continue business with Iran.  Guess why?  A U.S. law created by Republicans, under the influence of Corporate America, in 2000, allows dozens of U.S. industries to be exempt from any future sanctions against Iran!!!

According to a December 2010 New York Times article, the U.S. government, under Republican President George Bush Jr, enacted a law in the year 2000 that allowed U.S. companies to not only do business with “terrorist” “rogue” states such as Iran and North Korea,  but to be exempt from future sanctions!

Even Democrats complained about the Republican created law: “It’s not a bad thing to grant exceptions if it represents a conscious policy decision to give countries an incentive. But when you create loopholes like this that you can drive a Mack truck through, you are giving countries something for nothing, and they just laugh in their teeth. I think there have been abuses.”-Stuart Eizenstat, former Bill Clinton administration

International, Technology, U.S.

Government Paranoia & Lies: U.S. & Japan freaking out about North Korean satellite launch, U.S. threatening to back out of food aid deal

North Korea has submitted all required documents to the International Civil Aviation Organization and the International Maritime Organization as part of its preparation for an April communications satellite launch.  This is in keeping with international regulations.

Yet officials with the United States and Japan are literally freaking out!  U.S. officials are deliberately misleading the media by calling the satellite a “missile”!

“Such a missile [what missile?] launch would pose a threat to regional security and would also be inconsistent with North Korea’s recent undertaking to refrain from long range missile launches.”-says ignoramus Victoria Nuland, U.S. State Department

Here’s the thing, North Korea agreed to halt testing of missile weapons.  They did not agree to stop communications satellite launching.

Here’s what an ignorant professor said: “Why did they make a deal if two weeks later they’re going to scuttle it, without even getting anything out of it?  This doesn’t make sense in the standard North Korean playbook.”-John Delury, Yonsei University

Because, moron, North Korean officials didn’t see anything wrong with a communications satellite launch, as it is not a weaponized “missile”!

Even the Japanese are freaking out, they plan to move Patriot missiles into position to shoot down the communication satellite!

By the way, North Korea launched satellites in 1998 and 2009.  Why the uproar now?  Is this just a convenient way for the U.S. to back out of it’s promise?  Remember what the Taliban said about the U.S.: “…they turned their backs on their promises and started initiating baseless propaganda…” -Taliban statement, March 14, 2012