Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600 – Peter Jacobsen

In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that has gone under-reported is the administration’s new plan for reporting requirements for financial institutions. The document is unequivocal about the administration’s goal for financial reporting, stating, “this proposal would create a comprehensive financial account information reporting… Read More Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600 – Peter Jacobsen

Republican lawmaker readies bill mandating foreign subsidy disclosures for mergers

Rep. Scott Fitzgerald, R-Wis., is seen during a group photo with freshmen members of the House Republican Conference on the House steps of the Capitol on Monday, January 4, 2021. A Republican lawmaker is readying a bill that would require businesses subsidized by foreign governments to disclose that information when they pursue large mergers subject… Read More Republican lawmaker readies bill mandating foreign subsidy disclosures for mergers

Russia, Saudi Arabia Sign Military Pact amid Biden Chaos in Afghanistan

Saudi and Russian officials Tuesday announced the signing of military cooperation pact between the two countries. Saudi Defense Minister Khalid bin Salman announced the agreement via Twitter, stating it would aid in “developing joint military cooperation between the two countries.” In a second tweet, he elaborated on his meeting with his Russian counterpart, Sergey Shoygu, in which the pair… Read More Russia, Saudi Arabia Sign Military Pact amid Biden Chaos in Afghanistan

Bipartisan worry grows over national debt, which now totals $85,210 per person

A bipartisan group of lawmakers is warning that the national debt –– now estimated to total $85,210 per person –– poses an imminent threat, especially if interest rates spike. The U.S. government has spent around $6 trillion during the coronavirus pandemic, in addition to regular government appropriations. The $6 trillion figure does not count the $1.9 trillion… Read More Bipartisan worry grows over national debt, which now totals $85,210 per person

Texas Lt. Gov. Dan Patrick Blasts American Airlines: ‘Texans Are Fed Up with Corporations that Don’t Share Our Values’

Texas Lt. Gov. Dan Patrick (R) is “stunned” American Airlines issued a statement opposing an election integrity bill, Senate Bill 7, following passage early Thursday morning, as the CEO admittedly did not read the legislation. “I am stunned that American Airlines would put out a statement saying ‘we are strongly opposed to this bill’ [Senate… Read More Texas Lt. Gov. Dan Patrick Blasts American Airlines: ‘Texans Are Fed Up with Corporations that Don’t Share Our Values’

U.S. Navy is Liable for Mass Software Piracy, Appeals Court Rules

The United States Navy is liable for a mass copyright infringement. The Court of Appeals for the Federal Circuit sided with the German software company Bitmanagement, which accused the Navy of copying software without permission. Bitmanagement claimed more than $500 million in damages, but the final amount has yet to be determined. The US Government… Read More U.S. Navy is Liable for Mass Software Piracy, Appeals Court Rules

Elon Musk is creating a city in Texas, it will be called Starbase and it would be ruled by ‘the Doge’

If anyone has the ability to surprise the world with his ambitious projects, it is Elon Musk . The billionaire announced that he is building a new city in Texas to be called Starbase , around the rocket launch site of his company SpaceX . Used to causing a stir by typing just a few words, Musk posted on Twitter that he is “creating the city of Starbase , Texas .”… Read More Elon Musk is creating a city in Texas, it will be called Starbase and it would be ruled by ‘the Doge’

Biden Administration Suggests Foreign Workers Have a Right to Take U.S. Jobs

President Joe Biden’s administration is suggesting that foreign workers have a right to compete for jobs in the United States labor market against jobless Americans. Last year, in the midst of the Chinese coronavirus crisis, former President Trump signed an executive order halting the admission of H-1B, H-4, H-2B, L, and J-1 foreign visa workers to protect… Read More Biden Administration Suggests Foreign Workers Have a Right to Take U.S. Jobs

China targets rare earth export curbs to hobble US defense industry

China is exploring limiting the export of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets and other sophisticated weaponry, according to people involved in a government consultation. The Ministry of Industry and Information Technology last month proposed draft controls on the production and export of 17 rare earth minerals… Read More China targets rare earth export curbs to hobble US defense industry