From the Department of Not Really Surprising: “Three Nevada mining companies have shorted their taxes by $8.7 million since 2008, according to recently completed audits of their tax returns.” [Las Vegas Sun] The Nevada Progressive offers commentary.
“Veterans and business owners are speaking out about Joe Heck’s vote on H.R. 1505 (linked to H.R. 2578), a bill which gives police state powers over our public lands to the Department of Homeland Security. ” [The Nevada View]
From the Department of Pleasant Surprises: “Nevada’s taxable sales climbed by 5.1 percent in April over April 2011, continuing a 22 consecutive month trend of positive numbers for the important economic indicator, the state Department of Taxation reported this week.” [Nevada News Bureau]
From the Department of Important Information: “A July 31 deadline is approaching for Nevadans whose homes were in foreclosure in 2009 or 2010 to apply for a federal independent foreclosure review.” [Reno Gazette Journal]
If you haven’t yet read Nicholas Shaxson’s article, “Mitt Romney’s Offshore Accounts: Where Money Lives,” in Vanity Fair, Do So!
On health insurance reform: “Why People Like Obamacare,” Salon. So, why are news broadcasters still maintaining the theme that the health care insurance reforms are unpopular? Perhaps the pundits are still caught up in GOP talking points? Add Joan Walsh’s pithy observation: “Journalists like to comfort themselves by saying that when both sides are mad at you, you must be doing something right. But I know from experience: sometimes it means you’re wrong.” [Salon] and you’ll get the point.
Did you know that UFO sightings are more common that voter fraud? [Mother Jones]
From the Department of Things Well Explained: Jim Tankersley provides a readable, albeit a little simplistic, explanation of Bain and the outsourcing issue. [Atlantic] Consider the conclusion: “In the version of this story we like to call “the American economy,” the real problem is bigger than who launched or perfected the outsourcing model. The problem is that the bridge should have helped both sides of the street, but it hasn’t–not entirely. Many American workers have struggled to find a comparative advantage in a globalized economy that delivers the wages and middle-class security they enjoyed before trade opened up. It’s not supposed to work that way; a good debate this election would be how to make that happen.”
For a look at how this issue plays out between workers and investors, read “The Chicago Window Company In Danger of Liquidation,” in The Nation.
Matt Taibbi is covering the LIBOR mess for Rolling Stone. Click through to read the recent articles in that publication. Highly recommended.