The popular video streaming service Netflix posted its largest-ever U.S. profit in 2018—$845 million—on which it didn’t pay a dime in federal or state income taxes. In fact, the company reported a $22 million federal income tax rebate.
After a year of speculation and spin, the public is getting its first hard look at how corporate tax law changes under the Tax Cuts and Jobs Act affected the tax-paying habits of corporations. The law sharply reduced the federal corporate rate, expanded some tax breaks and curtailed others. The new tax law took effect at the beginning of 2018, which means that companies are just now closing the books on their first full year under the new rules.
If Netflix’s earnings report is any indication, not much has changed. Many corporations are still able to exploit loopholes and avoid paying the statutory tax rate—only now, that rate is substantially lower.
Pope Francis said on Tuesday that the Roman Catholic Church had faced a persistent problem of sexual abuse of nuns by priests and even bishops, the first time he has publicly acknowledged the issue.
Catholic nuns have accused clerics of sexual abuse in recent years in India, Africa, Latin America and in Italy, and a Vatican magazine last week mentioned nuns having abortions or giving birth to the children of priests.
This thread at Twitter offers an excellent explanation of what’s happened to the newspaper business, by Jeremy Littau, journalism professor.
In a new study published Thursday in the journal Science, political scientists surveyed the inhabitants of this Internet pocket around the time of the last presidential election, from Aug. 1 to Dec. 6, 2016. They found that people who shared fake news were more likely to be older and more conservative. “Super-sharers” were responsible for the bulk of fake news, soaking their Twitter feeds in falsehoods with the gusto of kids with water pistols. They were enthusiastic communicators, tweeting an average of 70 times a day, and had a very limited reach.
A former high-ranking U.S. government official recently admitted that the Federal Bureau of Investigation previously worked to keep “progressives” and “socialists” out of government–years after the agency officially claimed they no longer engaged in such efforts.
Message to liberals: Maybe you should cool it with the FBI Lovefest, eh?
The right-wing blogs are abuzz with stories about “Pelosi refuses to meet with Angel Moms”. As is so often the case, particularly with right-wing groups, there’s much more to the story. A right-wing activist, Maria Espinoza, who reportedly participated in the “Eagle Forum” and various Tea Party meetings, began to track down people whose relatives had been killed by an undocumented immigrant. She is reportedly a founder of “The Remembrance Project” (a right-wing anti-immigrant group).
Bill McKibben calls Alexandria Ocasio-Cortez’ proposed “Green New Deal” a “stroke of genius” and the “Most serious response to the [climate] crisis yet”!
What Bill, and most of the rest of the country ignore: The Green Party introduced the Green New Deal some 10 years ago.
Why has it been ignored?
Thank the corporate media and the duopoly, as well as the duopoly and the media encouraging voters to ignore third parties.
The Oregonian/OregonLive has found criminal cases involving at least five Saudi nationals who vanished before they faced trial or completed their jail sentence in Oregon. They include two accused rapists, a pair of suspected hit-and-run drivers and one man with child porn on his computer.