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Microsoft Admits Keeping $92 Billion Overseas to Avoid Paying $29 Billion in US Taxes

Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in US taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company’s most recent annual filings with the Securities and Exchange Commission. The amount of money that Microsoft is keeping offshore represents a significant spike from prior years, and the levies the company would owe amount to almost the entire two-year operating budget of the company’s home state of Washington.

The company says it has “not provided deferred US income taxes” because it says the earnings were generated from its “non-US subsidiaries” and then “reinvested outside the US.” Tax experts, however, say that details of the filing suggest the company is using tax shelters to dodge the taxes it owes as a company domiciled in the United States.

via Microsoft Admits Keeping $92 Billion Overseas to Avoid Paying $29 Billion in US Taxes.

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Hillary Clinton Finally Speaks out on Ferguson

Clinton has come under fire from civil rights leaders and others for remaining silent on Ferguson.“Jeb Bush, Hillary Clinton, don’t get laryngitis on this issue,” the Rev. Al Sharpton, who hosts an msnbc show in addition to leading the National Action Network, said at a rally. Despite the calls, a Clinton spokesperson declined several requests for comment from msnbc, and Clinton herself dodged reporters’ questions on Ferguson at a book signing last weekend.But now that the unrest is over, Brown is buried, and police have shut down their command center, Clinton apparently thought it was safe to wade in.

via Hillary Clinton finally speaks out on Ferguson | MSNBC.

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Rastafarian Teenager Suspended from Louisiana School Indefinitely for Having Dreadlocks

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A school in Louisiana has suspended a Rastafarian teenager for not cutting his dreadlocks. When he tried to return to the South Plaquemines School earlier this month with his dreadlocks pinned up, school officials told him it was still a no-go. Now, the ACLU has  come to the defense of the student, pointing out that for Rastafarians, not cutting their hair is a religious mandate, and the school is therefore practicing religious discrimination. The student’s mother had tried explaining the importance of dreadlocks to the family’s faith to school officials to no avail.

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Senator McConnell Promises Billionaire Donors He Won’t Waste Time On ‘Gosh Darn’ Minimum Wage Increases

At a Koch Brothers-hosted secret strategy conference of right-wing millionaire and billionaire political activists in June, Senate Minority Leader Mitch McConnell (R-KY) promised that if his party wins control of the United States Senate this November, the Senate will not waste time on things like increasing the minimum wage for people making only about $15,000 annually. Instead, audio of his remarks obtained by The Nation reveals, his Senate will focus on repealing Wall Street reforms, environmental protections, and affordable healthcare.

McConnell spoke at an annual event hosted by oil billionaires Charles and David Koch at the St. Regis Monarch Bay resort in Dana Point, CA. The conference, titled “American Courage: Our Commitment to a Free Society,” reportedly attracted hundreds of the nation’s wealthiest individuals and aimed to raise $500 million toward making McConnell the Senate majority leader next year and another $500 million to defeat a potential Hillary Clinton presidential campaign.

via McConnell Promises Billionaire Donors He Won’t Waste Time On ‘Gosh Darn’ Minimum Wage Increases | ThinkProgress.

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Senator Says Her Male Colleagues Called Her ‘Porky’ And ‘Chubby’

Decades after Anita Hill proved Congress doesn’t understand sexual harassment…Congress may not understand sexual harassment.

New York’s junior Senator Kirsten Gillibrand (D) reports in her upcoming memoir that her male colleagues have made comments about her body and weight in the Capitol gym, on the campaign trail, and even on the House floor.

The choice remarks included:

“Good thing you’re working out, because you wouldn’t want to get porky!”

“Don’t lose too much weight now. I like my girls chubby.”

And the delightful backhanded compliment: “You know, Kirsten, you’re even pretty when you’re fat.”

via Senator Says Her Male Colleagues Called Her ‘Porky’ And ‘Chubby’ | ThinkProgress.

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Now Burger King is Renouncing Its US Citizenship – Let’s Eat Somewhere Else

Never again will I eat at Burger King:

Burger King is the latest company announcing plans to renounce its US citizenship in order to dodge taxes. It plans to buy Tim Hortons and then pretend Tim Hortons bought them so they can claim to be Canadian. Tim Hortons renounced its own US citizenship in 2009 and moved their headquarters from Ohio to Canada.The announcement is prompting calls like this petition you can sign by the Campaign for America’s Future that calls on Burger King’s CEO to keep the restaurant chain American or “I will dine elsewhere.”

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Let’s Be Clear About This: Russia Is Invading Ukraine Right Now

There are two things happening between Ukraine and Russia right now. Second, Russian military forces are crossing the border into Ukraine in what is clearly a hostile invasion and act of war. The new columns of Russian tanks and armor crossing into Ukraine indicates a Russian-directed counteroffensive may be underway.

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Why The Obama Administration Wants This Journalist In Jail

This is a full frontal attack on the first amendment. There should protests in the street. Instead we have too many Democrats (Republicans haven’t spoken out against Obama on this issue) and journalists providing cover from a President who is an enemy of our Constitution:

For the past five years, he has battled the Obama administration’s Justice Department, which in 2009 took a rather unprecedented step of renewing a subpoena scheduled to expire that year. From his case and others the Obama administration has pursued, Risen told The Times’ Maureen Dowd recently that Obama represented a fundamental obstacle for press freedom.

“It’s hypocritical,” Risen said. “A lot of people still think this is some kind of game or signal or spin. They don’t want to believe that Obama wants to crack down on the press and whistleblowers. But he does. He’s the greatest enemy to press freedom in a generation.”

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Democratic Senator Kay Hagan hits, then embraces Obama

Hagan issued an advanced draft of her speech to the American Legion here before Obama arrived, charging that the president “has not done enough” to restore trust after the Veterans Affairs scandal broke earlier in the summer, adding that the administration still “has a long road ahead.” She was scheduled to address the convention Wednesday afternoon.

That does not appear to have been the message she delivered to Obama, whom she greeted with a smile and an embrace as he came down the stairs at the North Carolina Air National Guard base.

via Kay Hagan hits, then embraces Obama – Edward-Isaac Dovere – POLITICO.com.

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NY Times Editorial: Governor Cuomo Broke his Promise to “Clean up Albany”

More than four years ago, while announcing his campaign for governor of New York, Andrew Cuomo stood in front of the Tweed Courthouse in downtown Manhattan and said Albany’s antics “could make Boss Tweed blush.”

New York had had enough corruption, he said, and he was going to put a stop to it. “Job 1 is going to be to clean up Albany,” he said, “and make the government work for the people.”

Mr. Cuomo became governor on that platform and recorded several impressive achievements, but he failed to perform Job 1. The state government remains as subservient to big money as ever, and Mr. Cuomo resisted and even shut down opportunities to fix it. Because he broke his most important promise, we have decided not to make an endorsement for the Democratic primary on Sept. 9.

 

via Governor Cuomo’s Failure on Ethics Reform Hinders an Endorsement – NYTimes.com.

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ISIS Demands $6.6M Ransom for 26-Year-Old American Woman

The U.S. government should be trying to get Americans out. The false we-won’t-negotiate-with-traitors bravado is hypocritical. If the person being held hostage were a family member of a Congressman you can bet a ransom would be paid:

A third American hostage held by ISIS has been identified as a 26-year-old American woman who was kidnapped a year ago while doing humanitarian relief work in Syria. The terror group is demanding $6.6 million and the release of U.S. prisoners for the life of the young woman, who the family requested not be identified.

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