FINANCE
Pentagon Cancels Controversial JEDI Cloud Contract w/ Microsoft
(Headline USA) The Pentagon said Tuesday it canceled a disputed cloud-computing contract with Microsoft that could eventually have been worth $10 billion.
It will instead pursue a deal with both Microsoft and Amazon and possibly other cloud service providers.
“With the shifting technology environment, it has become clear that the JEDI...
Hunter Biden Wanted Prostitutes to Form a Labor Union
Hunter Biden, son of President Joe Biden, proposed a plan to unionize prostitutes, according to texts found on a laptop that belonged to him.
Texts from 2018 and 2019 show that Hunter spent thousands of dollars on prostitutes in cities around the country.
On one tape recording, Hunter admitted he frequented...
Ariz. GOP Lawmakers Slash Rates to Do End-Run Around ‘Red-for-Ed’s Tax Hikes
(Elizabeth Troutman, The Center Square) Arizona Gov. Doug Ducey gave the green light to the largest income tax cut in state history, including a provision to protect businesses from the “Red for Ed” tax.
The Invest in Education Act imposed an additional 3.5% tax on individuals with an income exceeding $250,000,...
Amazon Founder Jeff Bezos Steps Down as Company’s CEO
(Headline USA) Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company uses its monopoly power to crush locally owned businesses during the coronavirus mania.
Andy Jassy, who ran Amazon's cloud-computing business, replaced Bezos, a change the company announced in February.
Bezos, Amazon's biggest...
Calif. Raises Gas Tax Despite State Enjoying Massive Budget Surplus
(Cole Lauterbach, The Center Square) While a handful of California officials deliberate on how to best divvy up a historic $75 billion budget overflow, gas-powered vehicle owners will be paying more to fill up their tanks.
The state’s motor fuel excise tax is set to increase Thursday, up six-tenths of a...
130 Countries Agree to Global Minimum Tax for Companies
(Associated Press) Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
The agreement announced Thursday is an attempt to address challenges presented by...
IRS Backlogged on Millions of Tax Returns
(Casey Harper, The Center Square) For many Americans still waiting to receive their tax refund, it appears the wait could be far from over.
The National Taxpayer Advocate’s federally authorized report to Congress found that the IRS held an unprecedented number of tax returns for manual processing this year, leading to...
Ohio Becomes 41st State to End Sales Taxes on Gold and Silver
(Sound Money Defense League) By signing legislation last night, Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins, enabling the Buckeye State to join Arkansas as the two states having canceled taxation of the monetary metals so far this year.
Backed by...
Gas Prices Hit Seven-Year High Ahead of July 4 Weekend
(Bethany Blankley, The Center Square) As Americans prepare to hit the road for Independence Day weekend, gas prices hit a seven-year high.
An expected 43.6 million Americans plan to travel this holiday weekend, and they'll pay the most they have to fill up their tank since 2014, the American Automobile Association...
Will ‘Infrastructure’ Spending Collapse the U.S. Dollar?
Recent collapses of bridges and a Florida condo building highlight what can go wrong when basic structural and foundational elements are neglected and allowed to deteriorate.
As corrosion and cracking spread, they may go little noticed at first, with repairs and upgrades put off. Meanwhile, the risks steadily build of...
Supreme Court: Company Can Seize State-Owned Land to Build Pipeline
(Associated Press) The Supreme Court sided Tuesday with a pipeline company in a dispute with New Jersey over land the company needs for a natural gas pipeline.
Both liberal and conservative justices joined to rule 5-4 for the PennEast Pipeline Co.
The 116-mile planned pipeline is to run from Pennsylvania’s Luzerne County...
Judge Dismisses Gov’t Antitrust Lawsuits Against Facebook
(Associated Press) A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants.
U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient”...
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