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Pentagon plans missile defense station in Qatar
The Pentagon is building a missile defense radar station at a covert location in Qatar, The Wall Street Journal reported Tuesday. The site will be part of a system intended to defend the interests of the United States and its allies against Iranian rockets, unnamed US officials told the newspaper.…
WATCH LIVE: Bernanke speaks to the Senate Banking Committe
Federal Reserve Chairman Ben Bernanke faces the Senate Banking Committee on Tuesday as he presents his twice-yearly monetary policy report to Congress. The hearing will last for two days. The Wall Street Journal has a list of five things to watch for during the testimony. Watch live, broadcast on MSNBC…
Apple preparing to launch smaller tablet
Apple is preparing to launch a smaller tablet computer in the coming months in a bid to maintain its edge in an increasingly crowded market, the Wall Street Journal reported Thursday. The Journal cited unnamed sources as saying that component parts manufacturers had been ordered to gear up for mass…
News Corp mulls media, entertainment unit split
Rupert Murdoch’s News Corp said Tuesday it was considering a “restructuring” that would split off its larger entertainment division from struggling publishing businesses. The New York-based company confirmed reports earlier in the day and said the move would “separate its business into two distinct publicly traded companies.” The statement followed…
Romney: Presidential ambition ‘like a sport for old guys’
Presumptive Republican presidential nominee Mitt Romney says he’s not very good at sports so he’s running to be commander-in-chief instead. “I like competition, and I think the game is like a sport for old guys,” the candidate told The Wall Street Journal‘s Peggy Noonan in an interview published Thursday. “I…
Buffett: High corporate taxes are a ‘myth’
Billionaire investor Warren Buffett says that it’s a “myth” that high taxes are “strangling” U.S. corporations. In a Monday op-ed for The Wall Street Journal, Republican presidential candidate Rick Santorum called for the corporate tax rate to be halved from 35 percent to 17.5 percent to “[r]estore America’s competitiveness.” CNBC’s…
Corporations taxed less on U.S. profits than Mitt Romney
Many Americans were shocked last month to learn that Republican presidential candidate Mitt Romney only paid an effective tax rate of 13.8 percent in 2010, but a recent report shows that corporations are paying even less. Corporations in the U.S. paid only an average of 12.1 percent in taxes on…
WSJ reporter compares State of the Union seating to ‘date rape’
Stephen Moore, a reporter for The Wall Street Journal, made a peculiar analogy Monday evening during a televised discussion of the bipartisan seating arrangement at tonight’s State of the Union address. While Fox Business Network’s Andrew Napolitano seemed frustrated by the seating, Moore decided to go in a wholly different…
Taliban ringtones become social camouflage for some in Afghanistan
A new cottage industry has sprung up in Afghanistan: ringtones. But it’s not just any ringtones. According to a report this week by The Wall Street Journal, merchants are loading some of the favorite songs of the Taliban onto phones, which are being used as a form of social camouflage…
Have You Drawn The Wrong Conclusion Today?
The Wall Street Journal, in its eternal attempts to prove to the rest of us that the only proper way to go through life is rich and dumb, has a piece up today which makes the contention that health insurance makes us fat. Americans who have health insurance, either private…
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