Yet another TOD post that has been reblogged by Jueseppi B, despite requests that he make his own effort to support PBO rather than copying others simply to drive up his reblog’s traffic. He doesn’t take kindly to being challenged, as another woman found out: explicit. Genuine bloggers are welcome to use anything they ever see at TOD. Thanks
ABC: The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital’s private audit and finance records made public on the website Gawker today.
The audited financial statements of one of the Cayman Islands funds make note of the use of “blocker” entities, which are used to help retirement accounts and nonprofit entities avoid some taxes. Financial statements for another fund note that it “intends to conduct its operations so it will … not be subject to United States federal income or withholding tax …”
Those details emerge on the statements of two funds in which Romney still holds a sizeable investment, according to the financial disclosure statements he filed when he announced his bid for president.
First lady Michelle Obama greets Sikh temple secretary of the board of trustees Kulwant Singh Dhaliwal, left, and Oak Creek, Wis. Mayor Stephen Scaffidi, before talking to victims of the August 5th shooting in Oak Creek, Wis.
Pool report from Boone: POTUS stopped in this picturesque college town that is home to Appalachian State University…. he worked his way through the Mast General Store …. its major selling point appeared to be tubs of candy, and the sales clerk helped guide POTUS through the confectionery paradise.
As he made his way toward the press, Peter Nicholas of the LA Times said to him: “You won’t find this in the White House garden, Mr. President.”
“On Halloween, the First Lady doesn’t mind,” he replied, smiling, as he filled a bucket with maple nut clusters, macaroons, and York peppermint patties.
Rounding the corner, POTUS saw another long candy counter and said, “It just goes on forever.”
After putting more sweets in his bucket, he petted a little black dog that looked like a miniature version of Bo. “Bo says hi,” he said to the dog’s owner.
As cameras flashed, a group of girls mugged behind POTUS, prompting him to ask, “are you guys making rabbit ears behind me?”
Then it was time to heft a baby – in this case one-year-old Mason Wainwright….
West Wilkes High School in Millers Creek, North Carolina – original video here
OffTheCharts: We previously described the 2009 American Recovery and Reinvestment Act (ARRA) as one of the “most effective pieces of anti-poverty legislation in decades,” saying its temporary expansion of the safety net kept 4.5 million people out of poverty in 2009. Actually, the impact was greater than we thought.
We now know that, when one follows recommendations from the National Academy of Sciences (NAS) on how to measure poverty more comprehensively, seven of ARRA’s provisions kept more than 6 million Americans above the NAS poverty line – that is, out of poverty – in 2009.
Maddow Blog: Tina McGrevy writes from Springfield, Ohio: “My husband, a former Republican and voter of John McCain, stands next to the sign he placed in our front lawn. During our 15 years of marriage, our votes have just cancelled each other out. Thank you Gov. John Kasich for finally bringing us together, politically. We brought our early ballots to the Election Board on Charlie’s birthday as he will be out of state on Election Day. They were identical.”
Steve Benen: For folks below a certain age, Robert Bork’s name is probably only vaguely familiar. Ronald Reagan nominated the right-wing jurist to the U.S. Supreme Court in 1987, launching one of the fiercest and most important nomination fights in generations. Bork, by the way, lost that fight – the Senate concluded his ideology was simply too extreme for the high court.
That was the correct call. Bork had, after all, endorsed Jim Crow-era poll taxes, condemned portions of the Civil Rights Act banning discrimination in public accommodations, and argued against extending the equal protection of the 14th Amendment to women, among other things.
A quarter-century later, it’s not news that Bork is still an extremist … the salience here comes with appreciating what Bork is currently up to …. Republican presidential hopeful Mitt Romney chose Bork to serve as the co-chair of his “Judicial Advisory Committee.”
From the “It was a good idea at the time” file comes this photo from the Boston Globe of Mitt Romney during his Bain Capital days. Look at all that cash Romney and the fellas are flashing…..
Folks are demonstrating all over the country – the world, now – under the “Occupy Wall Street” banner. They are protesting the excesses of corporations and the yawning economic divide, among a slew of other things. They might be out of work, burdened with debt or fearful that playing by the rules no longer means anything. The 99 percent are enraged by the 1 percent – and this photo is emblematic of why.
10:30: Delivers remarks at Joint Base Langley-Eustis in Hampton, Virginia. The President will be joined by First Lady Michelle Obama. As part of her Joining Forces initiative, the First Lady will announce a major private sector commitment to hire veterans and military spouses.
2:40: The President speaks to fire fighters at Fire Station 9 North Chesterfield, VA
Also on Wednesday, the First Lady and Dr Jill Biden travel to Game One of the World Series in St. Louis, Missouri where they will promote Joining Forces and MLB’s Welcome Back Veterans program. Mrs. Obama and Dr. Biden will join representatives from MLB and the St. Louis Cardinals in hosting a military families appreciation event at the St. Louis Veterans Center.
7:45: Mrs. Obama and Dr. Biden will participate in a special pre-game ceremony with veterans and military families at Busch Stadium. Game One of the World Series will be broadcast live on FOX starting at 7:30.
Prior to the game, Mrs. Obama and Dr. Biden will answer questions on the Joining Forces initiative submitted by MLB fans through Facebook and Twitter. People around the country can submit questions for Mrs. Obama and Dr. Biden through MLB’s Facebook page or on Twitter with the hashtag #AskMichelle.
President Obama, accompanied by Rick Wuest, chief executive officer of Thompson Creek Manufacturing, meets with workers, Jan. 7, in Landover, Md
President Obama introduces new members of the White House staff at Thompson Creek Manufacturing in Landover MD. They are, left to right: Heather Higginbottom, Deputy OMB Director, Gene Sperling, director of the Council of Economic Advisors, Katharine Abraham, a member of the council and Jason Furman, Assistant to the President for Economic Policy.