Achieve Olympic Glory – Now Pay the IRS

The USOC awards prizes to U.S. Olympic medal winners: $25,000 for gold, $15,000 for silver, and $10,000 for bronze. Relative to each athlete’s income tax bracket, some top earners such as Shaun White could end up paying over a third (39.6 percent) of their winnings to the IRS. Additionally, because the U.S. is one of only a handful of developed countries...

Argentina on Brink of New Financial Crisis

The Argentine government has responded to last week’s run on the peso with new rules allowing limited dollar purchases only to individuals with monthly salaries of 7,200 pesos (US$900) a month. The share of individuals in the population with this income is barely 20 percent, while well over half of the country’s families have a combined income of less than...

OHIO: STATE OF EMERGENCY DECLARED — NATIONAL GUARD ON STANDBY

Showing how truly reliant most Americans are on outside sources, a new propane shortage in Ohio has caused a State of Emergency 88 counties throughout the state are experiencing an energy emergency after last weeks arctic front burned up much need fuel sources. Ohio Gov. John Kasich declared a State of Emergency Monday, after propane stocks across the state...

Government Official Hangs Up When Asked About Iodide Purchase

Department of Health and Human Services rep. says “no hidden agenda” behind 14 million dose buy An official with the Department of Health and Human Services hung up when asked if the federal government’s purchase of 14 million doses of potassium iodide was linked to the Fukushima crisis. The DHHS put out a solicitation asking for companies to supply...

World’s Oldest Times Table Found on Ancient Chinese Bamboo Strips

The finding shows that a highly sophisticated arithmetic had been established for both theoretical and commercial purposes in ancient China. The bamboo strips, which date back to the Warring States period (475-221 BC) before the unification of China, were donated to Tsinghua University in Beijing five years ago. However, it was not known at the time what was...

Obama Administration Provides Guidelines for School Discipline Racial Quotas

As if the federal government’s interference in American schools via the nightmare that is Common Core isn’t enough, now they want to make sure that discipline does not have a “disparate impact” on particular groups of students. The Washington Times reports: The Education Department and the Justice Department on Wednesday issued new...