Exclusive: U.S. senators question A123's Chinese deal
WASHINGTON - Two Republican senators on Tuesday questioned whether the battery-maker A123 Systems Inc should continue to receive U.S. government funds in light of a deal with a Chinese firm to invest hundreds of millions of dollars in the faltering company.
Found more than 1 month ago on channel Reuters
Wisconsin Gov. Promises To Use Internet Sales Tax To Lower Income Tax
It sounds like a nice idea, if you don’t own a calculator. The governor of Wisconsin wants to give his residents a tax break, using the revenue from a proposed Internet Sales tax to lower the state’s income tax. “I want to make clear, should federal Marketplace legislation become law, my intention would be for any resulting additional revenue be used to provide individual income tax relief for Wisconsin’s taxpayers,” Wrote Governor Scott Walker to members of Congress. The Marketplace Fairness Act will permit state governments to collect sales taxes from any business that both grosses more than $1M in revenue and has a substantial operating base in their region. Earlier this month, a draft of the bill passed the U.S. Senate with overwhelming bipartisan support, but faces tougher opposition in the House, where Republican leadership is concerned that the law will be a logistical nightmare for small businesses. Although, I wouldn’t get too excited. With 5 million residents in Wisconsin ...
Judge Refuses to Stop Arizona From Denying Driver's Licenses to Immigrants
A U.S. federal judge refused on Thursday to block Arizona's Republican Governor Jan Brewer from denying driver's licenses to young immigrants granted temporary legal status by the federal government.
Drones: Coming Soon To the New Jersey Turnpike?
redletterdave writes "The FAA predicts 30,000 drones will patrol the US skies by 2020, but New Jersey drivers could see these unmanned aerial vehicles hovering above the New Jersey Turnpike and Garden State Parkway much sooner than that. New Jersey lawmakers from both Republican and Democratic parties have introduced a number of bills to tackle the drones issue before the federal government starts issuing the first domestic drone permits in September 2015."
China April factory output disappoints, clouds outlook
BEIJING - China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity.
Found 5 days ago on channel Reuters