US to unleash IRS on Russian banks

The United States is deploying an economic weapon against Russia that could prove to be more costly than sanctions: the Internal Revenue Service. As the U.S. attempts to punish Russia for its actions in Ukraine, the Treasury Department plans to start using a new tax law to make it more expensive for Russian banks to do business in the U.S. Congress passed the...

This Week In History May 5th

1028 Alfonso V King of Le=n/Galicia (999-1028), dies in battle. 1028 Death of King Alfonso V of Castile, Le=n, and Galicia 1192 Death of Duke Ottokar IV of Styria (b. 1163) 1194 Death of King Casimir II of Poland (b. 1138) 1194 Kazimierz II the Justified, grand duke of Poland (1177-94), dies. 1210 Birth of King Afonso III of Portugal (d. 1279) 1219 Death of King...

USDA Banning All Junk Food from schools starting July 1st

School leaders are getting ready for a big change in school food service. The USDA’s Smart Snacks in School rules go into effect July 1, 2014. In short, all “junk food” in vending machines, a la carte lunch, student stores and fundraisers such as bake sales will be banned July 1

Harry Reid’s Son Representing Chinese Solar Panel Plant in $5 Billion Nevada Deal

The son of Senate Majority Leader Harry Reid (D-NV), Rory Reid, is the primary representative for ENN Energy Group, a Chinese energy company seeking to build a $5 billion solar panel plant on a 9,000-acre Clark County desert plot in Laughlin, Nevada. ENN scored big when Clark County commissioners unanimously voted to sell the Chinese company the public land for...

The U.S. Dollar: Currency Masquerading as Money

People consider Federal Reserve notes, U.S. dollars, to be real money. This includes their digital equivalent in bank and credit card statements and Treasury-issued base metal coins. As a unit of account, all goods and services, and land and labor are priced in U.S. dollars. Declared legal tender, Federal Reserve notes are the country’s medium of exchange.