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posted by martyb on Sunday April 07 2019, @12:19AM   Printer-friendly [Skip to comment(s)]

April 2, 2019

Sen. Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee, announced today that he would soon release a proposal to eliminate massive tax breaks enjoyed by the wealthy on their capital gains income. If successful, the proposal would ensure that income from wealth is taxed just like income from work.

His plan, which he has promised to flesh out in a white paper in the coming weeks, would tax the appreciation of assets owned by the very wealthy as income each year, an approach known as mark-to-market taxation. It would also subject that income to ordinary tax rates rather than special, lower income tax rates that apply to capital gains.

https://itep.org/sweeping-reform-would-tax-capital-gains-like-ordinary-income/
https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383


Original Submission

posted by martyb on Thursday April 04 2019, @12:54AM   Printer-friendly [Skip to comment(s)]
from the "sleep-on-it"-protected-data dept.

A Political Quake in Turkey as Erdogan's Party Loses in His Home Base of Support

Step by step over the years, President Recep Tayyip Erdogan of Turkey sought to ensure nobody could challenge him. He marginalized adversaries. He purged the army, the police and the courts. He cowed the press. He strengthened his powers in the Constitution. And he promised Turks a bright economic future.

So it was a huge surprise when the outcome of weekend municipal voting showed on Monday that Mr. Erdogan's party had not only lost control of Ankara, the political center, but maybe Istanbul, the country's commercial center, his home city and longstanding core of support. Even if the results were not final, they amounted to the most momentous political earthquake to shake Mr. Erdogan in nearly two decades of basically uncontested control at the helm of Turkey, a NATO ally and critical linchpin of stability in the region.

What was different this time was the rapidly tanking economy and a highly disciplined opposition. It deployed monitors to not only scrutinize the vote tallies but also sleep on sacks of sealed counted ballots to guard against possible tampering by members of Mr. Erdogan's ruling Justice and Development Party, the AKP. "We think they were not able to rig the election," said Ilayda Kocoglu, 28, vice president of the Istanbul branch of the opposition Republican People's Party, or CHP, who slept on some sacks herself. "They were not expecting us to be that organized, or that resolved."

The results do not mean that Mr. Erdogan, whose term as president lasts for four more years, will change his behavior, which includes promoting Islamic religious values over secularism, closer ties to Russia and chillier relations with NATO. But the election showed Mr. Erdogan has weaknesses. "It's a catastrophe for him," said Asli Aydintasbas, a senior fellow at the European Council on Foreign Relations. "We now know he is not invincible."

See also: Erdogan's AK Party challenges Istanbul, Ankara poll results
Turkish voters send a clear message to Erdogan: Enough
Has Erdogan's Populism Reached Its Limits?


Original Submission

posted by mrpg on Wednesday April 03 2019, @07:11AM   Printer-friendly [Skip to comment(s)]
from the sayonara-heisei,-youkoso-reiwa dept.

New Era Name 'Reiwa' Defines Japan As Emperor Akihito Prepares To Abdicate

Japan has revealed the name of its next imperial era to be "Reiwa," set to begin May 1 as Crown Prince Naruhito is expected to take the throne.

Yoshihide Suga, Japan's chief cabinet secretary, announced the name at a press conference Monday morning local time, unveiling a board with the two kanji characters written on it. While there was some deliberation over the exact meaning, the two characters that make up the new name, or the "gengo," translate roughly to "good fortune" and "peace" or "harmony," according to The Japan Times.

"We hope [the era name] will be widely accepted by the people and deeply rooted as part of their daily lives," Suga told reporters.

The announcement comes as the current "Heisei" era draws to a close after three decades, with Emperor Akihito set to step down on April 30 in the first abdication of the throne in over 200 years.

[...]Announcing the name one month in advance gives companies and government entities time to incorporate the name into paperwork and computer systems, The Guardian reports. Even as the Western calendar has become more widespread in Japan, the era name is still used frequently, including on newspapers, coins and official documents like driving licenses. Under the system, 2019 is known as Heisei 31, or the 31st year of Akihito's reign.

Also at BBC.

See also: Japan's New Era Gets a Name, but No One Can Agree What It Means

Previously: MonarchyNews: The King is My Co-Pilot and Japanese Succession "Crisis"
Japan Clears Way for Emperor to Step Down in 1st Abdication in 200 Years
Big Tech Warns of 'Japan's Millennium Bug' Ahead of Akihito's Abdication


Original Submission

posted by martyb on Thursday March 28 2019, @03:19AM   Printer-friendly [Skip to comment(s)]

Cheollima Civil Defense: What is known about North Korean embassy group

A group calling itself the Cheollima Civil Defense (CCD) says it was behind a raid on a North Korean embassy in the Spanish capital of Madrid last month in which staff were reportedly shackled and beaten.

According to a Spanish High Court document, the group entered the building on 22 February armed with machetes, knives, metal bars and cable ties and left with two computers, hard drives, USB pen drives and a mobile phone - items said to have been handed to the FBI.

But the organisation, a self-styled human rights group, disputes reports that this was a violent attack, saying that "no weapons were used" and embassy staff were "treated with dignity and necessary caution".

Despite having a website and YouTube channel, the group has made almost no contact with the world's media, and it remains somewhat in the shadows.


Original Submission

posted by martyb on Wednesday March 27 2019, @07:03PM   Printer-friendly [Skip to comment(s)]
from the Tractors-and-combines-are-just-iphones-on-wheels dept.

Farmers have been getting screwed by a combination of DRM linked to DMCA legalisms that effectively make farmers into criminals if they modify their own farming equipment, forcing them to choose between breaking the law or paying extortionate fees to equipment manufacturers for both hardware and software fixes.

Elizabeth Warren recently announced a new broad policy agenda focused on helping farmers. But buried in it is something everybody here can get behind too - the right to repair:

Consolidation is choking family farms, but there’s a whole lot of other ways in which big business has rigged the rules in their favor and against family farmers. I will fight to change those rules.

For example, many farmers are forced to rely on authorized agents to repair their equipment. Companies have built diagnostic software into the equipment that prevents repairs without a code from an authorized agent. That leads to higher prices and costly delays.

That’s ridiculous. Farmers should be able to repair their own equipment or choose between multiple repair shops. That’s why I strongly support a national right-to-repair law that empowers farmers to repair their equipment without going to an authorized agent. The national right-to-repair law should require manufacturers of farm equipment to make diagnostic tools, manuals, and other repair-related resources available to any individual or business, not just their own dealerships and authorized agents. This will not only allow individuals to fix their own equipment — reducing delays — but it will also create competition among dealers and independent repair shops, bringing down prices overall.


Original Submission

posted by FatPhil on Thursday March 21 2019, @04:04AM   Printer-friendly [Skip to comment(s)]
from the copycat-copyright dept.

Last week we wrote a critical analysis of Elizabeth Warren's big plan to break up "big tech." As we noted, there was a lot in the plan that was nonsensical, unsupported by the facts or just plain confused. We'll be talking more about some of these ideas a lot over the next few years I imagine (stay tuned), but there was one line in Warren's plan that deserved a separate post: it appears that a part of Warren's big attack on big tech... is to give a massive handout to Hollywood. Here's the line:

We must help America's content creators — from local newspapers and national magazines to comedians and musicians — keep more of the value their content generates, rather than seeing it scooped up by companies like Google and Facebook.

That may sound rather basic and lacking any details, but what's notable about it is that the language reflects -- almost exactly -- the language used in the EU in support of the absolute worst parts of the EU Copyright Directive (specifically, Article 11 and Article 13). For example, this Q & A page by the Legislative Affairs Committee of the EU Parliament uses quite similar language:

The draft directive intends to oblige giant internet platforms and news aggregators (like YouTube or GoogleNews) to pay content creators (artists/musicians/actors and news houses and their journalists) what they truly owe them;

Why, that sounds quite familiar. Indeed, Warren's announcement even uses "keep more of the value their content generates," which appears to be a reference to the completely made up notion of a "value gap" between what internet platforms make and what they should be paying artists.


Original Submission

posted by martyb on Sunday March 17 2019, @07:12AM   Printer-friendly [Skip to comment(s)]
from the at-least-the-House-and-Senate-agreed-on-something dept.

breitbart.com/politics/2019/03/15/donald-trump-vetoes-attempt-to-block-national-emergency

President Donald Trump vetoed a bill designed to block his emergency declaration at the Southern Border on Friday, in a ceremony at the White House.

“Today, I am vetoing this resolution,” Trump said. “Congress has the freedom to pass this resolution and I have the duty to veto it. And I’m very proud to veto it.”

Also at CBS News, CNBC, and USA Today.


Original Submission

posted by martyb on Thursday March 14 2019, @01:37AM   Printer-friendly [Skip to comment(s)]
from the 3rd-time-lucky? dept.

https://www.bbc.com/news/uk-politics-47547887:

Theresa May's EU withdrawal deal has been rejected by MPs[*] by an overwhelming majority for a second time, with just 17 days to go to Brexit.

MPs voted down the prime minister's deal by 149 - a smaller margin than when they rejected it in January.

Mrs May said MPs will now get a vote on whether the UK should leave the EU without a deal and, if that fails, on whether Brexit should be delayed.

She said Tory MPs will get a free vote on a no-deal Brexit.

That means they can vote with their conscience rather than following the orders of party managers - an unusual move for a vote on a major policy, with Labour saying it showed she had "given up any pretence of leading the country".

The PM had made a last minute plea to MPs to back her deal after she had secured legal assurances on the Irish backstop from the EU.

But although she managed to convince about 40 Tory MPs to change their mind, it was not nearly enough to overturn the historic 230 vote defeat she suffered in January, throwing her Brexit strategy into fresh disarray.

[*] MP: Member of Parliament; PM: Prime Minister


Original Submission

posted by martyb on Monday March 11 2019, @10:02AM   Printer-friendly [Skip to comment(s)]
from the just-line-up-the-sights-on-your-toe-and-squeeeeeeze dept.

Here in the U.S., the presidential election season, like Christmas, seems to start earlier and earlier each time.

In keeping with this, the Democratic National Committee is making waves by announcing that it will exclude Fox News, which has the largest viewership of the major cable news networks by a considerable margin, from debate coverage of DNC presidential candidates.

Thomas Lifson outlines a number of reasons this may not be a good move.

One is that from a historical and strategy perspective:

Presidential debates inevitably favor the challengers. Trump can push them in that direction by agreeing to debates only if Fox News is included. That forces them to either accept FNC or have no debates at all. If they accept, that makes FNC the debate worth watching. The rest are discredited as Democrat "safe spaces,"

And it appears he has pounced and done exactly that from his twitter account:

Democrats just blocked @FoxNews from holding a debate. Good, then I think I’ll do the same thing with the Fake News Networks and the Radical Left Democrats in the General Election debates!

Really all either party has to do is A) not be crazy and/or B) keep their idiot mouths shut to win.

Neither of these seems to be in the cards dealt to either side, so it should be a heck of a ride.


Original Submission

posted by Fnord666 on Sunday March 10 2019, @04:44AM   Printer-friendly [Skip to comment(s)]
from the no-more-fast-lanes dept.

Democrats in the U.S. Congress plan to unveil legislation on Wednesday to reinstate “net neutrality” rules that were repealed by the Trump administration in December 2017, House of Representatives Speaker Nancy Pelosi said.

Pelosi told lawmakers in a letter that House Democrats, who won control of the chamber in the November 2018 elections, would work with their colleagues in the U.S. Senate to pass the “Save The Internet Act.”

The text of the proposed legislation has not been released.

The Federal Communications Commission repealed the rules that bar providers from blocking or slowing internet content or offering paid “fast lanes.” The repeal was a win for providers like Comcast Corp, AT&T Inc and Verizon Communications Inc, but was opposed by internet companies like Facebook Inc, Amazon.com Inc and Alphabet Inc.

The Senate, which is controlled by Republicans, voted in May 2018 to reinstate the net neutrality rules, but the House did not take up the issue before Congress adjourned last year.

A U.S. federal appeals court last month held lengthy oral arguments in a legal challenge to the FCC’s decision to repeal the net neutrality rules.

In its 2017 decision, the Republican-led FCC voted 3-2 along party lines to reverse the net neutrality rules. The agency gave providers sweeping power to recast how users access the internet but said they must disclose changes in users’ internet access.

A spokeswoman for FCC chairman Ajit Pai did not immediately comment on Monday.

Related:
FCC Struggles to Convince Judge That Broadband Isn't "Telecommunications"
It's Now Clear None of the Supposed Benefits of Killing Net Neutrality Are Real
FCC Chairman Pai Celebrates Congress Failing to Bring Back Net Neutrality


Original Submission