TV News LIES

Sunday, Dec 21st

Last update01:55:24 AM GMT

You are here All News At a Glance Economic Glance

Taxpayers handing $33 bln to oil companies

Even though it is already experiencing record profits, the oil and gas industry is set to receive at least $33 billion in handouts from taxpayers over the next five years, according to a new analysis released today by Friends of the Earth.

More... 

Struggling College Students Turn to Food Banks

There's definitely been an increase in usage and demand. We're seeing more and more students that have never used the pantry before."

In the past year, the price of groceries has jumped nearly 5 percent, the highest increase in nearly two decades. The cost of some staples has shot up by more than 30 percent.

TVNL Comment: Another Bush legacy.

More... 

The moneychangers versus the U.S. Constitution

The most insidious enemy of the Constitution is the private moneychanger and its misuse of our security assets, military and police agencies. Never have we witnessed such blatant and relentless assaults on our Constitution, and the moneychangers are central to those assaults. The first major congressional assault was the secret Christmas holiday passage of the Federal Reserve Act of 1913. These assaults are directed to serve private interests, not the common citizen.

The threat posed by Saddam Hussein was his intention to trade Iraq's oil, not in petrodollars, but in Eurodollars. This threat was the real justification to deploy our military. Sales pitches such as “spreading democracy” and the security of Israel were widely promoted by the private news media, but Saddam's Eurodollar threat was the clincher. Similarly, that same media is now claiming that Iran is working on WMDs and poses a threat to nuclear-armed Israel. But also not widely publicized is the Iranian oil trades in Eurodollars. Reduction of the hegemony of the Federal Reserve and petrodollars is regarded as the true threat. Is there a pattern here?

More... 

Make no mistake and your rate can still spike

You pay on time and stay within your limit, and your rate can still spike. How can that possibly happen?

Credit card companies are always coming up with new ways to make money. Slip up and they'll bump up your interest rate. But the latest gotcha takes the cake.

Make companies now put language in their contracts that gives them the right to change your interest rate whenever they feel like it.

More...

Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings

Nowhere mentioned in the accompanying 66-page handout were the additional $1.1 trillion of assets that New York-based Citigroup keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds.

More... 

Employers use federal law to deny benefits

The story has played out often under the federal Employee Retirement Income Security Act. Designed to protect employee benefits, the law has been used by employers as a shield against suits.

Federal appeals courts, interpreting Supreme Court decisions dating to 1993, consistently have said companies that offer health, life and retirement benefits under ERISA cannot be sued for large amounts of money, or damages. Instead, they can be sued only for typically smaller sums such as Amschwand's insurance premiums.

More... 

Collectors Cost IRS More Than They Raise

The Internal Revenue Service expects to lose more than $37 million by using private debt collectors to pursue tax scofflaws through a program that has outraged consumers and led to charges on Capitol Hill that the agency is wasting money for work that IRS agents could do more effectively.

TVNL Comment: Privatization is all about looting the nation. That's it. This is the Republican agenda...to steal everything that exists! Nobody hates democracy more than Republicans.

More... 

Page 63 of 65

 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!