World-News

Ellen Brown, Truthout: 'The military is the nation s largest and most firmly entrenched entitlement program, one that takes half of every tax dollar. Even if 'national security' is considered our No. 1 priority (a dubious choice when the real unemployment rate is over 16 percent), estimates are that the military budget could be cut in half or more and we would still have the most powerful military machine in the world. Our enemies (if any) are now 'terrorists,' not countries; and what is needed to contain them (if anything) is local policing, not global warfare..... The military is not subject to ordinary market principles, but works on a 'cost-plus' basis, with producers reimbursed for whatever they have spent plus a guaranteed profit.'

http://www.truth-out.org/military-jobs-program-there-are-more-efficient-ways-stimulate-economy/1308752213



Thirty-Two Corporations Spent More on Compensation for Top Executives in 2010 Than They Paid in Income Taxes

Pat Garofalo, ThinkProgress: 'According to a new report called 'S.& P. 500 Executive Pay: Bigger Than ...Whatever You Think It Is,' put together by the independent research firm R. G. Associates, there are currently 32 companies that actually spent more on compensation for their top executives in 2010 than they paid in corporate income taxes: 'Total executive pay increased by 13.9 percent in 2010 among the 483 companies where data was available for the analysis. The total pay for those companies' 2,591 named executives, before taxes, was $14.3 billion ...Warming to his subject, Mr. Ciesielski also determined that 158 companies paid more in cash compensation to their top guys and gals last year than they paid in audit fees to their accounting firms. Thirty-two companies paid their top executives more in 2010 than they paid in cash income taxes.'

http://www.truth-out.org/32-corporations-spent-more-compensation-top-executives-2010-they-paid-income-taxes/1308748490



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