If you use a vehicle for business purposes and deduct annual mileage, we’ve got some good news for you: effective July 1, the Internal Revenue Service is raising the standard mileage allowance from 51 cents per mile (applicable for miles driven from January 1 to June 30) to 55.5 cents per mile. The rate for […]
(Express UK) The controversy over global warming hotted up last night after US scientists revealed that the Earth’s temperature declined over the past decade. They said a surge in the use of coal-fired power stations in China may have helped cool the climate by pumping sulphur into the atmosphere. But they also warned that the […]
The White House has said that unless Congress gives it the green light to lift its $14.3 trillion debt ceiling by Aug. 2, it will default. That would mean lawmakers have about a month to decide whether or not to approve raising the borrowing limit, right? Wrong. In reality, they have about nine days when […]
The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows. The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record […]
(USA News) Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data. Overall, the rules aimed at making the air cleaner could cost the […]
Thinking of retiring around 65? Think again, a study shows. Most Americans won’t be able to clock out for the last time until around age 80, according to the Employee Benefit Research Institute. Americans earning between $31,200 and $72,500 will need to work to age 72 just to have a 50 percent chance of retiring, […]
(CNN) — A federal appeals court in Atlanta was openly skeptical Wednesday that the sweeping health care reform law championed by President Barack Obama would survive constitutional scrutiny. A three-judge panel heard arguments in a massive lawsuit brought by Florida and 25 other states. The 11th Circuit Court of Appeals was the latest of three […]
The boom in the Hispanic population of the United States is spreading beyond traditional strongholds such as California and Texas to reach every corner of the country including the Deep South and the Midwest, official figures show. A new report from the US Census Bureau shows that the biggest jumps in the Hispanic population over […]
If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn’t know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery. Unfortunately, the truth is that the economic crisis is […]
A United States citizen has alleged that police in Dubai tortured him, just one month after a British tourist died in prison in Dubai, apparently due to a severe beating. The American man, 30-year-old Adam Foster, admitted to stealing police handcuffs but said his confession was extracted by force. Foster spoke to CNN from Dubai, […]
