Author Archives: Alice Green

Saudis to Confiscate $800B in Corruption Purge – Here is the Real Reason

The Saudi Arabian government is seeking to confiscate $800 billion in cash and assets from the kingdom’s elite in what it is calling a ‘crackdown on corruption.’ More than 60 prominent Saudis have been detained since Saturday, including Prince al-Waleed bin Talal, a billionaire investor who has been accused of bribery, money laundering, and extortion. Many others, including hundreds of ...

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$20B Broadcom Coming Back to the US

Broadcom, a tech firm best known for making radio chips for the iPhone, is moving its legal headquarters from Singapore to the United States. “Their move back to the United States is something very, very special and very important,” said Trump. “And you have been seeing this happen with numerous companies.” President Trump made the announcement alongside Broadcom CEO Hock ...

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Democracy Finished in Venezuela

Venezuela held state elections last weekend. Despite opinion polls that predicted a landslide win for the opposition party, the central government is claiming that the ruling party won 18 of 24 governors’ seats. Opposition winners were blocked from taking office in five states and were replaced with ruling party substitutes. This move effectively deprived the opposition of nearly all its remaining elected offices. The US ...

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Senate Passes $4 Trillion Budget Plan

Senate Republicans passed a $4 trillion budget resolution Thursday night after a so-called “vote-a-rama” where amendments are considered in quick succession. The vote was 51-49, with Kentucky Senator Rand Paul the only Republican to vote against the plan. “Tonight we completed the first step toward replacing our broken tax code by passing a comprehensive, fiscally responsible budget that will help ...

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Georgia Insurance Commissioner: Obamacare Rates Up 57% Next Year

Premiums for individual policies sold under the Affordable Care Act could increase by as much as 60% next year. Regulators are forced to either approve the increases demanded by health insurance companies or lose those companies. “Obamacare has become even more unaffordable for Georgia’s middle class,” complains Georgia insurance commissioner Ralph Hudgens. “I am disappointed by reports that the latest Obamacare repeal has ...

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‘Asleep at the Wheel’ Equifax CEO Steps Down

Equifax CEO Richard Smith is stepping down amid public outrage in response to the massive data breach announced earlier this month. This is a good decision in terms of reputation for Equifax, but Smith should be up on charges and the company should be subject to a class action suit. “The cybersecurity incident has affected millions of consumers, and I ...

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Supreme Court Revisits Labor Union Debate

There’s a good chance that public employees will no longer be forced to pay union dues. The Supreme Court has decided to hear Janus v. AFSCME – the latest in a series of free speech cases in which workers object to paying money to a union they do not support. The case challenges a decision upheld in 1977: that public-sector ...

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Trump Unveils Tax Reform Plan

President Trump’s long-awaited tax plan, revealed on Wednesday, would cut corporate rates and nearly double the standard deduction. The 9-page document is vague in some areas, leaving plenty of space for congressional tax-writing committees to work out the details as they craft legislation. Republicans are aiming for a tax overhaul that will simplify the tax code, reduce taxes on the ...

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EU Takes Aim at American Tech Giants

Silicon Valley tech giants are flourishing, and the European Union wants a slice of the pie. Targets include Facebook, Amazon, Apple, Netflix, and Google – a group of companies collectively known as “FAANG.” At least 9 of the EU’s 28 member states support a movement to tax large digital corporations on their turnover rather than on their profits. Such a ...

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