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General Electric paid 2.3 percent in taxes on $81 billion in profits: report

U.S. corporation General Electric (GE) paid just 2.3 percent in federal taxes over the last 10 years, even as it reaped more than $81 billion in profits over that same period, according to an analysis of the company’s most recent tax filings. Nonpartisan watchdog group Citizens for Tax Justice said…

FBI enlists actor Michael Douglas to fight insider trading

WASHINGTON – Hollywood actor Michael Douglas, who played greedy financier Gordon Gekko in the movie “Wall Street,” is now starring in an FBI video reminding investors that insider trading is a crime. Douglas was the face of Wall Street excess in the 1987 movie, famously declaring: “Greed, for lack of…

Pro-Gingrich Super PAC gets more cash from Adelson

WASHINGTON (Reuters) – A “Super PAC” supporting Republican presidential hopeful Newt Gingrich received a new cash infusion from billionaire casino magnate Sheldon Adelson, according to a source familiar with the donation. The Las Vegas tycoon and his family have given nearly $11 million to the group already, almost single-handedly funding…

Alabama lawmaker rewrites bill to eliminate mandatory vaginal ultrasounds

The sponsor of Alabama’s ultrasound bill plans to rewrite legislation that would no longer require women seeking an abortion to undergo a mandatory vaginal ultrasound, according to The Birmingham News. State Sen. Clay Scofield (R) said Monday evening that he would waterdown his original bill that required requires physicians to…

Romney: ‘Not willing to light my hair on fire’ to win

Mitt Romney has reinvented himself over and over again since he began campaigning in 1994, but he says there limits to what he will do to get elected. During a visit to his campaign headquarters in Michigan on Tuesday, a reporter asked the Republican presidential candidate why GOP voters were…

DOJ refuses to confirm Assange indictment revealed by Stratfor leak

AUSTIN, TEXAS — The U.S. Department of Justice is refusing to comment on whether it has prepared espionage charges against WikiLeaks founder Julian Assange, even after emails allegedly stolen from the Austin, Texas firm Strategic Forecasting (Stratfor) and published Tuesday revealed that the company claims to have a sealed indictment…

Cancer-stricken teacher assistant fired for missing work

A North Carolina woman has been fired from her job as teacher assistant because her former employer says cancer treatments caused her to miss too many days of work. Donna Sotomayor took leave from River Bend Elementary School in Raleigh to receive six chemotherapy treatments and 33 radiation treatments after…

BP discussing $14 billion settlement

BP and lawyers for individuals and companies claiming damages from the massive 2010 Gulf of Mexico oil spill are discussing a possible $14 billion settlement, the Wall Street Journal reported Tuesday. The newspaper said the settlement, which could be announced Tuesday, would be paid out from what remains of a $20 billion compensation fund set up…

Man arrested for ‘scamming nuns’: FBI

A US fugitive charged with swindling several nuns has been arrested in Las Vegas after more than three months on the run, the US Federal Bureau of Investigation said. Adriano Sotomayor, 54, of New Jersey, has been charged with 13 counts of wire fraud and is accused of having scammed…

New PAC seeks to oust anti-choice legislators in Virginia

Former Virginia lawmakers announced on Monday the formation of the Women’s Strike Force, a new political action committee aimed at defeating state lawmakers who have pushed for legislation to prohibit or restriction a woman’s ability to terminate her pregnancy. “The steps that have been taken by lawmakers in Virginia and…

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