When the Media Fails Us: Supporting Government Actions

Incredibly, instead of pointing out that the advocates of austerity have been shown wrong, most reporting continues to treat their policies as being credible, and in fact often works to hide evidence of its failure. The New York Times (2/14/19) gave us a great example of this practice in an article on the decline of the middle class across Europe, with a focus on Spain

FAIR (Fairness and Accuracy In Reporting)

GOP Tax “Reform” Example: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

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.

ITEP (Institute on Taxation and Economic Policy)

Catholic Priests & Bishops Having Sex With Nuns. Nuns Having Abortions.

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.

N.Y. Times