home

Wednesday :: October 05, 2011

IRS Denies Medical Marijuana Business Deductions

The IRS has now jumped into the fray of medical marijuana businesses -- including dispensaries operating legally under the laws of their states.

The IRS is asserting that dispensaries cannot deduct ordinary business expenses like salaries, rent and security costs.

Here are the letters the IRS has sent. Its position: [More...]

(27 comments, 395 words in story) There's More :: Permalink :: Comments

Amanda Knox Co-Defendant Alleges Mistreatment During Interrogations

Raffaele Sollecito, the co-defendant of Amanda Knox who was also acquitted of murder this week by the appeals court, alleges the police treated him violently and with coercion after his arrest. Amanda Knox has said in the past she was assaulted and browbeaten by police.

Ms Knox has also claimed that she was assaulted during questioning and that the verbal and physical intimidation caused her to wrongly claim that an innocent man, the bar owner Patrick Lumumba, committed the killing. [More...]

Claudio Pratillo Hellmann, one of the two judges advising the jury suggested in an interview today that perhaps Amanda and Raffaelle know who was involved in Mereditih Kercher's killing.

(4 comments, 273 words in story) There's More :: Permalink :: Comments

Sarah Palin Announces She Will Not Run for President

Sarah Palin says she's not running for President in 2012.

Let's just hope she means it.

(25 comments) Permalink :: Comments

Is It Palin Time?

Rick Perry is going down in flames. Michelle Bachmann's 15 minutes appear to be over. Herman Cain protested the n-word. No one knows what Newt is doing. Ron Paul, well, Ron Paul. Big Man Christie knows he can't win. What's left for Anybody But Romney? Ed Kilgore suggests it may be Palin time:

[I]s there any doubt a certain universally known, beloved-of-the-base politician will hear her name on the restless wind and give fresh consideration to the prospect of "going rogue" and running for president? Yes, this could be Sarah Palin's moment to confound her critics, to send the GOP establishment types she hates even more than liberals into frantic hysteria, and most of all, to gain the attention she craves.

I agree. It's time for Sarah Barracuda. And I betcha Mitt Romney would make a donation. He is running out the clock now, knowing he beats the current field easily. Palin would soak up all the oxygen, but not the votes the Mittster needs.

(37 comments) Permalink :: Comments

Elizabeth Warren: Brown Wall Street's Favorite Senator; Warren Not A Candidate For That Award

Via Chris Bowers, great line from Elizabeth Warren in last night's Massachusetts Dem Senate primary debate:

Forbes magazine named Scott Brown Wall Street's favorite senator. I was thinking that's probably not an award I'm going to get.

Running against Wall Street and the filthy rich is good politics. Yep, the "class warfare" thing.

(32 comments) Permalink :: Comments

Romney Stands Up For Wall Street

Romney attacks Occupy Wall Street as "class warfare":

Republican presidential frontrunner Mitt Romney on Tuesday compared the current anti-Wall Street protests to “class warfare.” “I think it’s dangerous, this class warfare,” Romney said to an audience of about 50 people in response to a question about the protests over such issues as high unemployment, home foreclosures and the 2008 corporate bailouts.

Given Romney's own income stream, he seems to be standing up for his own wealth as well:

Citizens for Tax Justice, a progressive-leaning group, estimated Romney’s 2010 tax rate at 14%, based on public records of his income.

Running against Wall Street and the filthy rich is a political winner in case anyone is wondering. Yep, the "class warfare" thing.

(22 comments) Permalink :: Comments

Tom Friedman For President

I have not read Tom Friedman in a long time, but keysdan pointed this funny one out to me:

Obama’s decision to respond to G.O.P. extremism and the failure to conclude a Grand Bargain, by moving to the left rather than to the center, was a huge mistake. It means, as Cowen noted, that the country has no credible, long-term fiscal option before it now. Rather than shift back to his base with a weak fiscal plan, Obama should have taken his idea of a Grand Bargain to the country.

Heh. But the really funny part was Friedman's concept of Chris Christie as Joe Dimaggio (a Nation turns its lonely eyes to you):

Why was Christie popular among G.O.P. moderates and independents? Because he seemed ready to tell hard truths that Obama has started to shrink from.

Meanwhile, back on Planet Earth, Christie realized that the GOP was in no mood for a "moderate" and he would be crushed. And now all Friedman has left is Unity 08, I mean, Americans Elect 2012. Maybe he and Matt Miller could run as a ticket. Tom Friedman, a Nation turns its lonely eyes to you.

(23 comments) Permalink :: Comments

From The "Presidential Speeches Don't Matter" File

Via Jed Lewison, actually they do:

Barack Obama has jumped to a 15-point lead over the Republicans in Congress in trust to handle job creation, a sign the beleaguered president’s $450 billion jobs package has hit its mark in public opinion. Fifty-two percent support the plan – and most say it just might work.

For background, see this and this.

(57 comments) Permalink :: Comments

Tuesday :: October 04, 2011

Tuesday Night Open Thread

Tonight's DWTS is just another reminder this show is merely a popularity contest and has little to do with dancing ability. Nancy Grace, whose schmaltzy waltz last night got the second lowest scores of the night, is safe. David Arguette, whose feet didn't do any more dancing than Chaz Bono (who got the lowest score) is safe. Neither Nancy or David have the redeeming quality that Chaz Bono has -- a likeable TV presence and a buoyant personality. So I'm not criticizing voters for keeping Chaz. I'm glad about that. But to keep Nancy Grace or David Arquette or Rob Kardashian and send Kristin Cavalieri home? Or put Hope in the bottom two? Ridiculous.

Of course, Hope may not have really been in the bottom two. The announcer always reminds the audience that one of the final two couples might not have received the second lowest combined votes and judge scores. In other words, the safe couple in the final two is placed there because the producers think it will make the show more interesting. It's a total manipulation. [More...]

(42 comments, 416 words in story) There's More :: Permalink :: Comments

Amanda Knox: Plane Lands in Seattle

Update: 6:43 pm MT: It's over. Amanda had a range of emotions from happy to teary. Here's Amanda walking from the plane into the terminal with lawyer Ted Simon; Here's Ted speaking at the press conference; Here's Amanda speaking.

Update: 6:10 pm MT: The plane has landed. It's now arrived at the gate. Here's a picture of the media waiting. [More...]

(39 comments, 240 words in story) There's More :: Permalink :: Comments

Occupy Treasury: HAMP'd

Pro Publica on Treasury's disgraceful performance regarding HAMP:

Why has the administration’s flagship foreclosure prevention program been so ineffective in helping struggling homeowners get loan modifications and stay in their homes? One reason: The government’s supervision of the program has apparently ranged from nonexistent to weak.

[. . .] “For two years, they’ve known how abysmal servicers were performing, and decided to do nothing,” said Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, better known as TARP or the bank bailout, which provided the money for HAMP. “It demonstrates that if you have a set of rules for which compliance is completely voluntary and no meaningful consequences for those who violate them, having all the audits and reviews in the world are not going to make a bit of difference,” he continued. “It’s why the program has been a colossal failure.”

Remember, this was the Obama Administration's major initiative to address the homeowners crisis in America. Geithner is an incompetent scoundrel. If Obama loses next year, it will be because of Tim Geithner.

Speaking for me only

(35 comments) Permalink :: Comments

Obama Press Secretary Questioned On Occupy Wall Street

Via Greg Sargent, who writes:

The story here is not what the White House said but that it was asked to weigh in on the protests at all — another sign of the remarkable speed with which it has grown from a crowd chanting at police two weeks ago. As for the substance of the White House response, it would have been a mistake for it to go any further than it did here — registering an understanding of economic frustration. Because if there’s one thing that’s growing clearer by the hour, it’s that this is an entirely organic effort, one that’s about nobody but the protestors themselves.

I think Greg misses an important point - the White House's cozy relationship with Wall Street is part of what is being protested. Hard to see an Administration that has Tim Geithner as Treasury Secretary being in tune with a protest against Wall Street. BTW, as long as offering "an agenda" to Occupy Wall Street seems to be the latest rage, here's my contribution - demand the firing of Tim Geithner.

(149 comments) Permalink :: Comments

<< Previous 12 Next 12 >>