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  • Monthly Archives: August 2013

    Family-Run Retailer: Internet Sales Tax Would Put Me Out of Business

    Newscom

    Rick Smith’s 14-year-old, family-run gourmet kitchen utensil business has a lot to lose if the Internet sales tax becomes law. And he’s not alone. While a proposal to tax Internet sales is seemingly stalled in Congress at the moment, a number of online retailers remain fearful of the ill-conceived Marketplace … More

    Charged for Insulting Government Authority? Venezuela Supreme Court Crosses the Line

    MIGUEL GUTIERREZ/EFE/Newscom

    In the U.S., courts often rule on the outcome of close elections and act as a mediation tool for candidates to ensure that the results are legitimate. In the end, the worst thing that happens is that one person is declared the electoral loser. Hopes and dreams may be dashed, … More

    America Needs a New Balanced Tariff Structure

    Rich Graessle/Icon SMI CGV/Rich Graessle/Icon SMI/Newscom

    Where does America get its shoes? Today, 99 percent of shoes sold in America come from overseas. Imported shoes are taxed at an average rate of 10 percent, with some tariffs as high as 67.5 percent. Inexpensive shoes are taxed at higher rates, a burden for low-income Americans. New Balance … More

    6,300 Reasons the Government Is Dead Wrong on Farm Subsidies

    Newscom

    Congress has been wrangling for months over how to trim the taxpayer burden of bountiful subsidies to farmers. Here’s a thought: Stop paying the dead ones. Between 2008 and 2012, we now know, the U.S. Department of Agriculture (USDA) disbursed more than $36 million to some 6,300 farmers who had … More

    Back to School: The Secret Costs Hiding in Your Child's Backpack

    BL-school-supply-tariffs-2013

    It’s that time of year again, and back-to-school sales are in full swing. But before parents eagerly snap up every on-sale item, they might do well to consider this sobering fact: Almost everything they buy, from backpacks to lunchboxes to pencils, costs more because of tariffs. In 2012 alone, the … More

    The Next Threat to Your Privacy

    Newscom/BREUEL-BILD/Juri Reetz

    Who has access to your Social Security number, your bank information, and your tax records? When Obamacare’s health insurance exchanges open, your data could be exposed to shysters and hackers, thanks to serious vulnerabilities in the system. The exchanges are scheduled to open on October 1 (just 53 days away). … More

    My Parents' Path to Freedom: Why the Cuba Embargo Stands for Democracy

    Liliana (L) and Jaime Suarez-Murias. (courtesy of Noelle Suarez-Murias)

    My mother left Cuba in 1965 at 11 years old. She and her parents were allowed to bring only three changes of clothes each and one or two pairs of shoes. No money and nothing of value. Diamonds? Gold? Left behind. My grandfather had a $20 bill in his pants … More

    China Makes Life More Difficult for Foreign Companies

    Newscom

    It is widely hoped—in the U.S., China, and elsewhere—that the new Chinese government headed by Xi Jinping and Li Keqiang will restart economic reform. While the answer is still unclear, circumstantial evidence is piling up, and it isn’t good. Beijing is treating foreign companies very poorly, contributing to a poor … More

    Sexual Assault: Armed Services Under Pressure

    picturescolourlibrary/Pictures Colour Library/Newscom

    The Pentagon is scrambling to propose a handful of new regulations to combat sexual assault in the military. The provisions they are making, however, are the same as those proposed by Congress. In May, a group of Senators attempted to eliminate commanding officers’ authority in the military judicial process. This … More

    Federal Appeals Court Chafes at Diaper Rash Class Action

    baby-seven-billion

    Class-action lawsuits can be a useful tool for consumers. They can also be abused by unscrupulous lawyers acting in concert with companies they are supposedly suing. Last Friday, the United States Court of Appeals for the Sixth Circuit found that a lower court abused its discretion in certifying a class … More