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The FCC will vote on new rules governing net neutrality today. Big companies like Verizon and Comcast would love to brush anything related to net neutrality under the rug, since lack thereof allows them to charge tiered rates, control what users see, and gain more ownership of the Internet in general. Many users, on the […]
Image: Daniel Schwen Tim Davlin, the mayor of Illinois’ capital city of Springfield, was found shot dead in his home this morning in an apparent suicide. Davlin was supposed to show up for a probate hearing discussing a cousin’s estate this morning. After Davlin didn’t appear at the hearing–he had failed to provide the financial […]
When it comes to keeping tax cuts for the wealthy during a recession, I will echo one poignant statement: “The American economy thrived in the face of much higher taxes on well-off families during the 1950s and 1960s” (Paul Krugman/1993). Obama’s plan to keep Bush-era 35% tax rate caps in place is a spineless compromise, […]
Civilian federal government employees will have their pay frozen for 2011 and 2012, according to a New York Times report: The president’s proposal will effectively wipe out plans for a 1.4 percent across-the-board raise for 2.1 million civilian federal government employees in 2011 and 2012. The military would not be affected. The president has frozen […]
In honor of Veterans Day 2010, which happens November 11, here’s a list of 25 quotes to live by: 1. We make war that we may live in peace. -Aristotle 2. Nobody ever drowned in sweat. -US Marines 3. Those who cannot bravely face danger are the slaves of their attackers. -Aristotle 4. More powerful […]
This is a guest post by Wall St. Cheat Sheet Editor-in-Chief Damien Hoffman. Last month, the Washington Post did some excellent journalism about the expanding new industry Top Secret America. This new industry is unprecedented in American history and raises some critical questions about who reigns over our nation’s security and deepest secrets. Which services […]
India’s currency, the rupee, now has its own symbol, thanks to Indian Institute of Technology post-grad D Udaya Kumar, whose design was chosen in a national contest. Kumar will get an award of Rs 250,000, nearly $5,400–and India will get a new currency symbol. The Times of India has more: The Indian rupee will soon […]
This month’s G20 (Group of 20) meeting took place this weekend in Toronto. Aside from 900 arrests, the G20 meeting’s outcomes were predictably mellow. Still, some countries made out better than others. Reuters compiled a nice list of G20 winners and losers. Here’s the America excerpt: U.S. President Barack Obama arrived at the summit on […]
Money.co.uk has a neat infographic on Swiss bank accounts. There’s some serious money going through them.
Image: dsearls/Flickr President Obama nominated Solicitor General Elena Kagan for a Supreme Court seat today. If all goes well for Kagan, she’ll be voted into the Supreme Court in July. We summed up 10 of the key things you should know about who Elena Kagan is, and what she might mean for the US Supreme […]
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First, there was the Greek debt crisis. Then Italy sued big banks for its own derivatives crisis. Now Portugal is up to bat. The Fitch ratings agency has downgraded its debt from AA to AA-. The Boston Globe has more: Fitch Ratings said that Portugal’s prospects for recovery were weaker than its peers in the […]
