Tag: economy

To us, it’s an obscure shift of tax law. To the City, it’s the heist of the century

Posted by – 08/02/2011

[via guardian.co.uk]

In David Cameron we have a leader whose job is to quietly legitimise a semi-criminal, money-laundering economy

‘I would love to see tax reductions,” David Cameron told the Sunday Telegraph at the weekend, “but when you’re borrowing 11% of your GDP, it’s not possible to make significant net tax cuts. It just isn’t.” Oh no? Then how come he’s planning the biggest and crudest corporate tax cut in living memory?

US forces Haiti to pay for aid

Posted by – 05/02/2010

[via fromtheold.com]

Obama pledged $100 million dollars in aid to Haiti when the stricken countryi has $500 million debt to America. How does that make sense?

Haiti’s long troubled history actually started out as a accomplishment the world can be proud of. In 1825 Haiti was the first country to free themselves from slavery. But it came at a cost, they had to pay back the French slavers $21 billion and slowly it crippled the country. Yes, they are people overtaken by witchcraft and strange beliefs, but they were one of the richest islands of the time. With their successful sugar and rice cropsm they had always had the means to come out of poverty if the debt would’ve been dropped. But it was only a hundred years later that this happened, and by that time their economy had taken a serious knock.

Best Buy: We won’t replace your broken netbook, but we will “service” it

Posted by – 05/01/2010

[via consumerist.com]

Photo by Ian Muttoo

The anonymous Best Buy Netbook buyer who says was thrown out of the store twice when he tried to get the store to honor his protection plan checked in with an update: Best Buy won’t replace his netbook as a CSR originally promised, it will only service it.

He writes:

Here’s what’s happened so far: the representative in customer service who gave me the $25 gift card also assured me that I could “exchange my computer at any Best Buy.” It turns out he misspoke, and that I can merely get my computer serviced, not replaced. I’m back to square one, resorting to the manufacturer’s warranty. I also called the executive switchboard, but I did not receive any help besides a general “we’re sorry for any inconvenience.”

Survivalism Lite

Posted by – 04/01/2010

[via newsweek.com, originally written by Jessica Bennett]

Editor’s Note: This story has been updated to include comment from FEMA head Craig Fugate.

Lisa Bedford is what you’d imagine of a stereotypical soccer mom. She drives a white Tahoe SUV. An American flag flies outside her suburban Phoenix home. She sells Pampered Chef kitchen tools and likes to bake. Bedford and her husband have two young children, four dogs, and go to church on Sunday.