Tag Archives: From The Government And Here To Help

White House: Internet sales tax ‘will level the playing field’

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“‘We believe that the Marketplace Fairness Act will level the playing field for local small-business retailers, who are undercut every day by out-of-state online companies,’ said White House spokesman Jay Carney. The Act would require Internet and remote retailers to collect state sales taxes no matter where they are located when a transaction takes place, and advocates hope it would ease budget problems in many cash-strapped states.  Opponents of the Act say it would still be unfair because retailers in a state which has no sales tax would still be liable to collect tax on purchases made in distant states which do have sales taxes.”

http://www.rawstory.com/rs/2013/04/22/white-house-internet-sales-tax-will-level-the-playing-field/

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Jim Rogers: ‘I Suspect They’ll Take the Pension Plans Next; I’m Taking Preparations’

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Jim Rogers: ‘I Suspect They’ll Take the Pension Plans Next; I’m Taking Preparations’

“I was able to reconnect for an interview with legendary Quantum Fund manager and commodities bull, Jim Rogers. This was an especially groundbreaking interview, as Jim shared thoughts on what governments around the world will be taking next, and what he’s doing right now to protect his personal bank accounts following the Cyprus collapse.  With respect to which assets governments will likely be coming for next, Jim said, ‘401k plans, IRA’s, and pensions plans which the government knows about [may be next]…They’re rationale would be, ‘Well most people haven’t been doing well in their IRAs and pension plans for the past several years, so we’re going to help you.'”

http://lewrockwell.com/rogers-j/rogers-j182.html

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Government investigating whether free app games target children for commercial gains

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“A watchdog has launched an investigation into whether children face ‘unfair pressure’ to spend money on apparently free web and app-based games, it said Friday.  The Office of Fair Trading (OFT) is asking parents to get in touch with any examples of possible ‘commercially aggressive’ practices which encourage children to buy virtual currency like coins, gems or fruit, or upgraded membership.  It is unlawful to make a ‘direct exhortation’ to children to make a purchase or persuade their parents to do so under consumer protection regulations.”

http://www.rawstory.com/rs/2013/04/12/watchdog-investigating-whether-free-app-games-target-children-for-commercial-gains/

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Sugar industry would wither without big government

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“Without the Army Corps of Engineers’ dredging and building, the cane growers wouldn’t have the soil or the irrigation they need. Without Washington’s decades of rigging the labor market, the companies wouldn’t have had the workers they needed before mechanization. Now the industry says it deserves to be protected from foreign competition. And the growers are putting their profits behind the fight.”

http://washingtonexaminer.com/tim-carney-sugar-industry-would-wither-without-big-government/article/2520424

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Government hospitals removing wrong reproductive parts becomes a trend

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“An unnamed cancer patient is suing the Salisbury District Hospital in the U.K. after an operation resulted in the amputation of his healthy testicle. The 48-year-old man is taking action against the hospital and the Salisbury NHS Foundation Trust on the grounds that the medical error has left him infertile.  Doctors realized their mistake about 40 minutes into the procedure.  In 2007, a 47-year-old Air Force veteran sued the West Los Angeles VA hospital for removing his right testicle rather than his atrophied, possibly cancerous left one.  Surgeons at the West Suffolk Hospital in Bury St. Edmunds, England made a similar mistake in 2010.”

http://www.rawstory.com/rs/2013/02/23/cancer-patient-sues-after-hospital-removes-wrong-testicle/

http://freedomwat.ch/wp-content/uploads/2013/04/Surgeon-mistake-via-Shutterstock-615×3452.jpg

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Most Consumer Complaints Come From Boca Raton, Upper West Side

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“When U.S. officials began collecting consumer complaints about credit cards, one goal was to identify patterns that could help them write rules protecting families with low and moderate incomes.  Nearly two years later, it’s the well-to-do neighborhoods of Florida and New York that are supplying the most grievances to the Consumer Financial Protection Bureau, an analysis of agency data shows. Almost 60 percent of complaints originated in zip codes where the median household income is higher than the national median of $52,762, according to the analysis.”

http://www.bloomberg.com/news/2013-03-27/upper-west-side-joins-boca-in-most-credit-card-complaints.html

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Federal Reserve Monetary Policy To Target Wealth Inequality?

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“The gap between the wealthy and the rest of America is a hot-button issue in Washington-especially in the White House and Congress.  Recently, the Federal Reserve has also taken a greater interest in the topic. And some analysts are asking whether financial inequality in the U.S. might soon become part of the Fed’s decision-making process.  In a recent research note, Credit Suisse research analysts Neal Soss and Dana Saporta wrote that ‘the issue of growing income and wealth disparity in the U.S. is gaining stature among Federal Reserve officials and may become the next important macroeconomic variable for monetary policy.'”

http://finance.yahoo.com/news/us-wealth-inequality-getting-feds-142856917.html

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New UK wealth tax plan to target ALL assets – including jewelry and buy-to-let homes

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“Families will be forced to pay tax on jewellery and other heirlooms under controversial new plans drawn up by the Liberal Democrats.  Under the scheme, tax inspectors would get unprecedented new powers to go into homes and value rings, necklaces, paintings, furniture and other family treasures.  Householders would be forced to pay a new ‘wealth’ levy on the assets – with the threat of fines for those who refused to let snoops value their possessions.  A policy document seen by The Mail on Sunday spells out how the taxman ‘may have to visit homes to test values of jewellery, paintings, etc’.”

http://www.dailymail.co.uk/news/article-2279810/Now-want-tax-jewellery-New-wealth-tax-plan-target-ALL-assets–including-buy-let-homes.html

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Obama vows to watch U.S. financial industry to prevent ‘irresponsible behavior’

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“President Barack Obama promised Saturday to watch the US financial industry to prevent what he called ‘irresponsible behavior’ as he defended his nominations to key financial watchdog agencies.  The CFPB, set up under Obama’s 2010 financial regulatory law, has the power to protect consumers from predatory banking practices and hidden conditions on loans. It can also crack down on debt and credit agencies. ‘It’s not enough to change the law — we also need cops on the beat to enforce the law,’ Obama said, showcasing both nominations and urging the Senate to give both candidates a speedy approval.”

http://www.rawstory.com/rs/2013/01/26/obama-vows-to-watch-u-s-financial-industry-to-prevent-irresponsible-behavior/

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Retirement Savings Accounts Draw U.S. Consumer Bureau Attention

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“The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams. Americans held $19.4 trillion in retirement assets as of Sept. 30, 2012, according to the Investment Company Institute, an industry association; about $3.5 trillion of that was in 401(k) plans.”

http://www.bloomberg.com/news/2013-01-18/retirement-savings-accounts-draw-u-s-consumer-bureau-attention.html

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