Citigroup was involved in, and made money from, almost every link in the chain that resulted in the recent economic collapse. And the bank’s executives, including the former Treasury Secretary Robert Rubin, were clueless about the reckless financial instruments they were creating. These are the people whom taxpayers bailed out on Monday.
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Friday, November 28, 2008
45% Tax Rate on Rich to Fund Recession Package in UK
45% top rate breaks 15-year taboo raising income tax on the wealthy. The government hopes by targeting the rich, people on low, middle incomes will be reassured they are not to be victims of an aggressive spend now, tax later strategy. "There is a change in the public's mood, who have seen what has been happening to bankers and their huge salaries"
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Bush 'very pleased' with Iraq war outcome: report
US President George W. Bush believes the Iraq war was a success and is "very pleased" with what is happening there, he said in a pre-recorded interview broadcast on a Japanese television network Sunday.
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10 Arrested for Afghan Acid Attack
The police in Kandahar have arrested 10 Taliban militants they said were involved in an attack earlier this month on a group of Afghan schoolgirls whose faces were doused with acid, officials in Kandahar said Tuesday.
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Bush Administration faked savings in push to privatize jobs
President George W. Bush's Labor Department misled Congress in an effort to prove outsourcing jobs to private companies was more efficient than assigning the jobs to government employees, according to a Government Accountability Office report released Monday.
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Leading Russian Analyst Predicts DECLINE & BREAKUP of USA
A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into six separate parts. The Pacific coast, the South, Texas, the Atlantic coast, the Central states, and the North.
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U.S. war on drugs has failed, report says
The United States' war on drugs has failed and will continue to do so as long as it emphasizes law enforcement and neglects the problem of consumption, a Washington think tank says in a report co-chaired by a former president of Mexico.
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Mumbai attacks: Terrorists 'copied al-Qaeda blueprint'
Terrorists behind co-ordinated terrorist attacks on a series of high-profile targets in Mumbai, India, followed a "blueprint" created by al-Qaeda, according to one terrorism expert.
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TERRORISTS STRIKE IN MUMBAI [pics]
People run for cover as gunshots are fired from inside the Taj Mahal hotel in Mumbai November 27, 2008. Maharashtra state police chief A.N. Roy said on Thursday that the hostage situation had ended at the Taj Hotel in Mumbai,
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So, What if the Dark Knight wins Best Picture?
Does it mean we've reached the end of great cinema as we know it? ... [While] I haven't seen all of them, but being in Hollywood and with the friends I know, I've spoken to someone who has seen at least every big contender (we'll get into those later on). And while most are ... good, none of them are ...amazing, which only leaves The Dark Knight.
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Trailer For Much Anticipated Film 'The Wrestler' Looks Great
Mickey Rourke dug so deep into his character, both mentally and physically, it's truly stunning. Director Darren Aronofsky may just have a huge winner on his hands with Mickey Rourke, Marisa Tomei, and Evan Rachel Wood.
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