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Most U.S. Companies Pay No Federal Income Tax

JENNIFER C. KERR | The Associated Press:Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate. "It's shameful that so many corporations make big profits and pay nothing to support our country," said Sen. Byron Dorgan, D-N.D., who asked for the GAO study with Sen. Carl Levin, D-Mich.An outside tax expert, Chris Edwards of the libertarian Cato Institute in Washington, said increasing numbers of limited liability corporations and so-called "S" corporations pay taxes under individual tax codes. "Half of all business income in the United States now ends up going through the individual tax code," Edwards said.

The Neanderthal Murder Mystery

The Independent reports:The mystery of what killed off the Neanderthals about 30,000 years ago comes a step closer to being solved with a study suggesting that they formed a tiny population that had been teetering on the brink of extinction.Neanderthals first appeared in Europe at least 300,000 years ago but they disappeared after the arrival of anatomically modern humans, Homo sapiens, who first arrived in Europe 50,000 years ago. This has led to speculation about whether the Neanderthals interbred with the new arrivals to form a hybrid population that became submerged in the human gene pool, or were instead wiped out by them, either through competition for resources or by violence.The latest evidence, an analysis of DNA recovered from a 38,000-year-old fossilised thigh bone, suggests the Neanderthals did not interbreed with modern humans but were eradicated by them.

Daniel Pinchbeck: If I Were President

As I write this, many progressives have lost hope that a Barack Obama victory will mean a real change in direction for this country. Obama now supports the death penalty as well as retroactive immunity for telecommunication companies that gave data on U.S. citizens to government intelligence agencies, violating our constitutional rights. Worst of all, Obama offers no far-reaching plan of action to address the dire ecological crisis -- resource depletion, species extinction, climate change -- that threatens our immediate future. At a time when we need leaders who speak truth to power, he is playing the old political game. What kind of policies would offer a meaningful response to our current situation? Unfortunately, the changes we need seem so far beyond the limits of current political discourse that it might be laughable if it weren't tragic. With the earth's population expanding and burgeoning middle classes in China and India demanding a fairer share of dwindling resources, the American lifestyle needs to be radically downscaled. We are four percent of the earth's population consuming 25 percent of its energy, and this cannot continue.

The Denver Police's Detention Camp Setup for DNC Protestors and Mass Arrests

ColoradoChange writes: Denver officials weren't planning to reveal details about where activists would be detained in the event of mass arrests during the Democratic National Convention until after the event had started, but those plans were quickly dashed this week when CBS 4News reporter Rick Sallinger not only revealed that protesters would be locked up in a city-owned warehouse, but he also obtained clear video footage inside the facility, a building that includes barbed wire-topped cages and signs warning of stun-gun use.

The History Of Xenu, As Explained By L. Ron Hubbard In 8 Minutes

On Gawker: Most of what we know about Scientology's "supreme ruler" we learned from South Park: 75 million years ago, the evil alien brought humans to earth in a spaceship and killed them; the psychic trauma of the event has affected us ever since. The Church of Scientology, embarrassed by the story, has always tried to hide its existence. Until now. The Church has been playing a cat-and-mouse game with YouTubers, getting it removed in many cases; we have the audio of founder L. Ron Hubbard explaining it all, his creepy voice sounding like it's narrating the weirdest Power Point presentation of all time.
 

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*New Bulletin Board to be Updated Soon*

The Doomy Tv player can be viewed on my personal page. The chatroom is dope. Stay tuned for a doomy party, coming soon! Live A/V broadcast and chat from the club, bedrooms, street corners, wherever I can find th efunk. It will be brought to you!

As for now, a new chat module will soon be integrated into our site.In other news you can type "chill.doomydoom.com" and be redirected to our ning network. Coming soon, the network mix tape.

We will be doing a free download mixtape for now, and then we will begin working on the "official" release to be sold at Borders bookstores in New Orleans as well as any where else we can swing. That is what I wanted to do originally with the first mix, but after polling the members we have come to this decision. The Network of Doom is your network. Customized for you!

Send me your promotional materials to networkofdoom@gmail.com and I will try to integrate them into the site as well as push them to our mailing list.

So let's see what we can do to get some new media and new members. Also, keep an eye on your mailbox bc I may be mailing out promo gear soon. Peace.

Blog Posts

NEED BEATS I GOT EM!!!

http://www.soundclick.com/rawcane

Posted by Royce Faulk on May 4th, 2008 at 12:21am — 1 Comment (Add)

SEND ME TRACKS!!!!

HEY SEND ME A TRACK OR TWO THAT YOU WANNA PUT ON THE MIX-TAPE FUCK THE WAY I SAID DO IT (SENDING ME 2 16 BAR VERSES) BECAUSE WE WILL NEVER GET IT OUT JUST SEND ME A TRACK THAT IS COMPLETE IF YOU WANT SOME ONE TO COLLAB ON IT JUST SEND THE TRACK TO THAT PERSON SO THEY CAN GET IT DONE AND BACK TO ME SO WE CAN GET THIS THING GOING I HAVE POSTED 3 TRACKS FOR COLLABO I ONLY GOT 1 SO FAR PPL LETS GO I SENT EVERY ONE A E-MAIL AND A MESSAGE ON HERE SO LETS GO PPL WE NEED TO GET THIS MOVING… Continue

Posted by REDRUM908 on April 29th, 2008 at 12:50pm — 3 Comments (Add)

Jail and Hip Hop Shows

So I will be off to county this summer for a nice little 10 day (hopefully only 10 days) "vacation". But before I go I would like to go see EL P in San Francisco on May 21st. None of my friends can go so it looks like I'll be solo, but if any of you live in the area and are going shot me a message. ... El P killed it.... I had a great time and my sis ended up taggin along so I didn't have to fly solo...

Posted by Cele$tra on April 17th, 2008 at 4:00pm — 1 Comment (Add)

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Industry News...

Common Selects Lead Single for 'Invincible Summer’

Universal Mind Control (U.M.C.)

Kanye, Others Sued Over 1970s Jazz Sample

West, Common, Redman named in music lawsuit

Slick Rick Pardoned, Will Not Be Deported

NY Governor grants pardon for 1991 conviction

Saigon Leaves Atlantic After Album Stalled

Debut LP postponed since '05, cuts ties with label

The Wake Up Show Presents 100K Battle

Chance Of A Hip Hop Lifetime
 
 

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