Mitt Romney’s tax plan would be a boon for the wealthy, but a tax hike for 95% of Americans, according to a new nonpartisan study.
The report, by researchers from both the Brookings Institution and Tax Policy Center, examined Romney’s suggestion of an across-the-board 20% income tax cut financed by closing existing loopholes and concluded there was no way to make the numbers work without burdening the vast majority of Americans with higher taxes.
Boris Johnson was left hanging today when he got stuck halfway down a zip wire at an event in Victoria Park.
The Mayor of London had to be pulled the rest of the way by teams on the ground at around 13:30 this afternoon.
Boris Johnson was heard shouting "Get me a rope, get me a ladder" after he was the first person to use the zip wire. He continued "I think the brakes got stuck".
A former Anderson County, South Carolina councilman and past national commander of the Sons of Confederate Veterans entered a guilty plea in U.S. District Court in connection with a Ponzi scheme in which an estimated 945 investors in 16 states were duped into investing a total of $90.1 million in alleged silver contracts.
"As part of their Ponzi scheme, Wilson and AB&C....fraudulently offered contracts of sale of silver bullion, a commodity in interstate commerce," said the CFTC. "Through their Ponzi scheme, defendants obtained at least $90.1 million, from at least 945 investors, for the purchase of silver."
Capital outflows from Spain more than quadrupled in May to €41.3 billion ($50.7 billion) compared with May 2011, according to figures released on Tuesday by the Spanish central bank.
The outflow has resulted from domestic banks sending money abroad, foreign lenders pulling out cash and mostly non-resident investors dumping Spanish assets. The steep rise was likely due to Bankia, the banking conglomerate, having requested a bailout in May.
Over the last 11 months, funds equivalent to 26 percent of gross domestic product exited the country, Tuesday's data from the Bank of Spain showed.
The US defence secretary, Leon Panetta, meets his Israeli counterpart, Ehud Barak, in Tel Aviv. The Israeli defence secretary tells Panetta: 'We see you not just as a great American secretary of defence, but as a friend.' Israel's prime minister, Binyamin Netanyahu, says it is his decision whether or when to attack Iran's nuclear facilities.
Even though Sen. Sanders has been discussing the issues of wealth inequality and fighting for middle class and working Americans for years, it was his recent report about the impact of Citizens United and the 26 billionaires who are trying to buy the 2012 election that has raised the ire of the right.
The Vermont senator’s recent statements about the Walton family caught the attention of PolitiFact, and the Pulitzer Prize winner fact checkers analyzed Sanders’ tweet.
Ruling mostly symbolic since it is nearly impossible to collect any damages; Iran denied any connection to attacks.
But plaintiff Ellen Saracini tells the Daily News that she is happy about Monday's ruling by Manhattan Federal Magistrate Judge Frank Maas. Her husband, Victor, was the captain of one of the two planes that struck the World Trade Center.
Last year, Judge George Daniels signed a default judgment on the lawsuit brought by family members of 47 victims. He found al-Qaida, the Taliban and Iran liable and asked the magistrate to determine damages.
Iranian President Mahmoud Ahmadinejad has denied any Iranian connection in the attacks.
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