General Motors won’t have to pay federal taxes on up to $50 billion in profit under an unusual provision of its government-funded bailout, giving the car maker an added boost as it prepares to return to the stock market this month.
GM may use the $50 billion in so-called tax-loss carry-forwards to shield that amount of profit from U.S. taxes for up to 20 years.
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NEW YORK, Nov. 11, 2010
Popular U.S. Tabloids in Trouble?
American Media Inc., Publisher of The National Enquirer, Star, Plans to File for Bankruptcy Protection in 2 Weeks
(AP) Last updated 3:53 p.m. ET
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After years of dishing tales of celebrity folly and misfortune, The National Enquirer’s publisher has fallen on hard times of its own.
American Media Inc. plans to seek federal bankruptcy protection in the next two weeks or so. The privately held company, based in Boca
Raton, Fla., announced its intention Monday without sharing any details about its finances.
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They did save the USA from one lying politician. They should have received a Pulitzer for investigative journalism. But attacking a big Gooferment Socialist with the “D” label is politically incorrect. If they had done it to an “R”, they’d have won.
American needs to clean its house of the “liberal elite”. We can no longer afford the luxury of their muddled thinking and obvious biases.
Sorry, time to grow up!
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