Wednesday, February 22, 2012
After the UK raised the top income tax rate to 50 percent, the amount of income tax paid fell sharply last month in the first formal indication that the new 50 percent higher rate is not raising the expected amount of revenue but in fact is losing revenue.
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Sunday, January 1, 2012
The 1997 scheme to make supposedly automatic cuts in Medicare doctor fees based on what looked like a reasonable index has totally failed. Sooner or later, Congress will have to try something different if it doesn't want to bankrupt Medicare or jack up taxes to keep the program afloat. A real alternative to top-down cost control is a system giving consumers influence over costs and rewards for keeping costs low.
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Thursday, February 9, 2012
A widely available cancer drug has shown remarkable success in reversing Alzheimer’s disease in mice, raising hope of a breakthrough against incurable dementia in humans, US researchers said Thursday.
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Friday, February 10, 2012
The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading laws.
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Sunday, February 5, 2012
In yet another outrageous piece of social engineering from the British government, pensioners will be encouraged to downsize to smaller properties allowing local government councils to rent their homes out as public housing and manage the tenancy.
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Monday, January 30, 2012
Federal workers earn 16 percent more in total compensation — including wages and benefits — than comparable private-sector employees, according to the Congressional Budget Office. The key difference is in benefits, where federal workers average more than $20 per hour in compensation — 48 percent higher than the $13.60 in prorated hourly benefits in the private sector.
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Friday, January 27, 2012
A member of the Indiana General Assembly withdrew his bill to create a pilot program for drug testing welfare applicants Friday after one of his colleagues amended the measure to require drug testing for lawmakers.
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Tuesday, January 24, 2012
Retired lieutenant colonel's take on the military-industrial complex: As a country, we seem to have a teenager’s fascination with military hardware, an addiction that’s driving us to bust our own national budgetary allowance. At the same time, we sell weapons the way teenage punks sell fireworks to younger kids: for profit and with little regard for how they might be used.
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Thursday, January 19, 2012
After largest tax increase in Illinois' history, the state still can't pay its bills. Only solution is to cut government spending says state comptroller.
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Wednesday, January 18, 2012
Nearly half of all Republican primary voters say it’s time the U.S. stops intervening in world affairs and focuses on domestic priorities instead, signaling a persistent rift that is playing out in the party’s presidential nomination battle.
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