The United States House of Representatives narrowly passed a $3 trillion coronavirus relief package on Friday. As NBC News reports, the new package was crafted by Democrats and included more stimulus payments of up to $1,200 per person. Called the HEROES Act, the relief package will also expand coronavirus testing across the country, provide $1 trillion in aid to state and local governments, and help support renters and homeowners. Continue reading House Passes $3 Trillion Coronavirus Relief Package Which Includes New Round of Stimulus Checks
In 1885, amid a period of strife between the Canadian government and some of the country’s indigenous peoples, the Cree leader Poundmaker was arrested and convicted on charges of treason-felony. For years, modern leaders of the Poundmaker Cree Nation have been trying to clear his name, arguing that he was, in fact, a peacemaker. On Thursday, their efforts came to fruition when Canadian Prime Minister Justin Trudeau formally exonerated Poundmaker and issued an apology for his treatment. Continue reading After 130 Years, Canada Exonerates ‘Peacemaker’ Chief Convicted of Treason
More tech companies are about to face congressional scrutiny. Leaders from Amazon, Apple, AT&T, Charter and Google are scheduled to testify before a US Senate panel at a data privacy hearing on September 26th. Senators will grill the companies on their existing approaches to privacy, how Congress can press for “clear privacy expectations” and how firms will adapt to stricter requirements like the European Union’s GDPR and the California Consumer Privacy Act.
In a shockingly appropriate turn of events, it turns out The Wolf of Wall Street was financed by stolen money. But fear not: Leonardo DiCaprio (probably) had nothing to do with it. Continue reading ‘THE WOLF OF WALL STREET’ WAS FINANCED WITH STOLEN MONEY, PRODUCERS FORCED TO PAY FEDS $60 MILLION
If the US government plans to stop funding the International Space Stationat the end of 2024, there’s a big question: what happens next? Hand the keys over to the private sector, apparently. The Washington Post has obtained a NASA document outlining a plan to privatize the ISS as part of a Trump administration budge request. The plan would request funding (starting with $150 million in fiscal 2019) to foster “commercial entities and capabilities” that could fill the ISS’ role, potentially including “certain elements or capabilities” of the station itself.
Just how much money do tech companies shelter from taxes? Quite a lot, according to the Dutch. Newly published Netherlands regulatory filings show that Google shielded €15.9 billion (about $19.2 billion) in 2016 using the popular “Dutch Sandwich” tax trick, saving it about $3.7 billion in taxes. The maneuver involves shifting revenue from an Irish subsidiary to a Dutch firm with no staff, and promptly moving the funds to a Bermuda mailbox owned by another Ireland-listed company. And this practice isn’t slowing down — Google moved 7 percent more cash through this approach in 2016 than it did a year earlier.