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The majority of US corporations are evading (or at least avoiding) paying their fair share of income taxes : Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday
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Today, Al Gore gave a speech at George Washington University in which he called for a massive push to transform our energy economy; he audaciously suggested that we can and must convert 100 percent of our electricity generation to clean sources within
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Senator Byron Dorgan (D-ND) is pushing for tighter regulation on oil speculators : Every day, 20 times more oil is traded than delivered. Because of the way energy trades are regulated (or not regulated), speculators control vast amounts of oil by putting
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Robert L. Hirsch , former senior energy adviser for SAIC, author of the Hirsch Report on peak oil, and all-around energy guru, appeared on CNBC the other day to discuss current oil and gas prices. Here's what he said about gas costing $4 a gallon ( via
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Following a speech in Missouri yesterday, President Bush engaged in an exceedingly rare question-and-answer session with employees of the company where he was speaking. Among other topics, he repeated his threadbare spin of ethanol as a viable fuel source

Here's my first poll: Share this post: Email | del.icio.us | Digg | Reddit
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I'm not one to automatically trust the word of any OPEC minister, but this quote from Chakib Khelil, Algeria's energy minister, bears some consideration : Opec's president on Monday warned oil prices could hit $200 a barrel and there would be little the
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The professional obstructionists who constitute the GOP minority in the Senate have blocked a bill aimed at addressing part of the sub-prime mortgage crisis: The housing proposal includes billions of dollars for local communities to buy up subprime mortgages
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In his semi-annual appearance before Congress, Federal Reserve Chairman Ben Bernanke predicted that the current economic crisis will likely result in bank failures : On the second day of his biannual testimony to Congress, Bernanke said that some small
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The spineless Democratic leadership of Congress has outdone itself; Pelosi and Reid caved to the Bush White House twice in one day. On the proposed emergency stimulus package, House Dems caved to the White House and struck provisions which would have
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In response to a post about Bush's proposed economic stimulus (which includes the possibility of a tax rebate), a commenter at KnoxViews said this : Can I get my rebate in EUROS? You said it, Sarge. Share this post: Email | del.icio.us | Digg | Reddi
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After John Edwards's strong second-place finish in last night's Iowa caucus, he had this to say : [C]orporate greed has got a stranglehold on America. And unless and until we have a president in the proud tradition of Teddy Roosevelt, Franklin Roosevelt,

Found in comments here : Perhaps it's easier to sell a $500K home than a $50K home or even a $150K home because the rich are getting richer and the poor and middle class are getting 38% on their Discover card. You said it, Mamaw. Share this post: Email
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Perhaps the most frequently cited canard used as an argument against reducing carbon dioxide emissions is the allegation that it would be prohibitively expensive; some extreme analyses have placed the estimate as high as $20 trillion. A new study shows
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Democratic candidates for the Presidency would do well to pay attention to the fundamental, structural issues facing the American workforce, issues which have so far been given short shrift by most of the candidates. First, the quality of the workplace

Not surprisingly, Republican Fred Thompson wants to do away with Social Security and replace it with a privatized system which would benefit those in the upper income brackets and penalize the poor and middle class : Thompson's plan draws on ideas favored
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China's state-owned oil company, PetroChina, held its IPO today on the Shanghai stock market. The debut raised $9 billion in one day; since this offering was only a tiny fraction of PetroChina's total stock, the company ended the trading day with a market
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This article provides an in-depth survey of the current state of international arms trading. A couple of choice quotes: Vast government subsidies are sought after in the pursuit of arms trading. US and European corporations receive enormous tax breaks

Two mostly unrelated things struck me today. First, of course, was the news of Al Gore and the IPCC winning the Nobel Peace Prize . Any man who can push right wing zealots and their libertarian enablers to extremes of rage merely by winning an award is

This is incredible: a study conducted by NOAA has concluded that the practice of "flaring" natural gas (burning it at the outlet of an oil well) wastes an amount of gas worth $40 billion per year, resulting in an unnecessary annual injection of 400 million
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