“In the just-ended fiscal year, more than three quarters of the tax returns filed by the nation’s largest corporations came from financial service organizations banks, insurance companies, investment advisors, brokerage houses, securities services and the like. And the same group of businesses is credited with controlling 72% of all large-corporation assets, with earning 46% of the net income of all large corporations and reporting 33% of the taxes in this area. Despite the overwhelming place of the financial services sector in the broader corporate world, however, documents and data obtained by the Transactional Records Access Clearinghouse (TRAC) show that in FY 2008 the IRS allocated only 15% of its overall corporate revenue agents to the agency group that has the lead authority for auditing this complex and now troubled segment of the nation’s economy.”
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Daily Archives: April 5, 2009
U.S. Policy Regarding North Korea
Ambassador Stephen W. Bosworth, Special Representative for North Korea Policy, U.S. Department of State, Briefing at the Washington Foreign Press Center on U.S. Policy Regarding North Korea, Friday, April 3, 2009. CRS Report on North Korea Ballistic Missile Threat to the U.S. CRS Report on North Korea’s Nuclear Weapons New York Times: North Korean Missile… Continue Reading
Executive Branch Financial Disclosure Reports Now Available
“SF 278 Executive Branch Personnel Public Financial Disclosure reports for White House officials are now available. For the first time, reporters and interested parties will be able to request online those reports they would like to review. We have also streamlined the distribution process, so that each report is available in .pdf form for quick… Continue Reading
The Global Middle Class Views on Democracy, Religion, Values, and Life Satisfaction in Emerging Nations
“As economically developing countries grow prosperous, their middle classes understandably become more satisfied with their lives. But many of their basic values also appear to change. Over time, the values of the middle classes in emerging countries become more like those of the publics of advanced nations. This is the overall conclusion of a new… Continue Reading
Senate Staff Working Draft of Cybersecurity Act of 2009
CDT: “A cybersecurity bill introduced April 01, 2009 in the Senate would give the federal government extraordinary power over private sector Internet services, applications and software. The Cybersecurity Act of 2009 would, for example, give the President unfettered power to shut down Internet traffic in emergencies or disconnect any critical infrastructure system or network on… Continue Reading
Large Decline in Reporters Covering State Government Issues
“American Journalism Reviews latest survey of the nations state capitols finds a dramatic decrease in the number of newspaper reporters covering state government full time. A handful of digital news outlets are springing up to fill the breach. When will these efforts be enough to compensate for the loss of the newspaper watchdogs? [Peggy Garvin]… Continue Reading
U.S. Strategy for Afghanistan: Achieving Peace and Stability in the Graveyard of Empires
U.S. Strategy for Afghanistan: Achieving Peace and Stability in the Graveyard of Empires, Subcommittee on the Middle East and South Asia Testimony: Rep. Gary L. Ackerman, Chairman, House Subcommittee on the Middle East & South Asia Karin von Hippel, Ph.D., Center for Strategic and International Studies Seth G. Jones, Ph.D., Rand Anthony H. Cordesman, Ph.D.,… Continue Reading
Pew Survey: Public Knows Basic Facts About Financial Crisis
“The latest Pew Research Center News IQ survey finds the American public reasonably well-informed about a number of basic facts pertaining to the current economic situation. Fully 83% know that the government assistance to banks and other financial institutions is aimed at getting them to lend more money, not less money. Roughly seven-in-ten (71%) correctly… Continue Reading
Treasury Releases Guidance on Build America Bonds and School Bonds
News release: “The U.S. Treasury Department today released guidance on the Obama Administration’s Build America Bonds and School Bonds programs, which will help states and localities pursue needed capital projects, such as infrastructure development and public school construction. The guidance Treasury is issuing today provides state and local governments with the answers they need in… Continue Reading
