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Uncle Sam Taking a Bigger Tax Bite Out of the 1%

Tuesday, 15 April 2014 09:32
For most Americans, the tax increases passed in January 2013 look like ancient history. But for the wealthy, the bill for those changes is now coming due. The euphemistically named American Taxpayer Relief Act brought the top tax rate to 39.6 percent from 35 percent in 2012. (Whether you call this "reverting" or "raising" depends on your partisan bent). The change also phased out certain personal exemptions and it limited itemized deductions. Taken all together,…
How Could She? Mother Accused in Deaths of Infants
Tuesday, 15 April 2014 09:32
For years, a Utah garage concealed a grisly secret: the bodies of seven babies, strangled or suffocated and placed in boxes. Authorities say Megan Huntsman, 39, admitted she either strangled or suffocated six of her children, wrapped their bodies in towels or shirts and then put them in plastic bags before entombing them in the garage. What they may never know is why. In most cases of infanticide, women kill a single newborn, often after…
$250 or You Die: Kidnapping Goes Mass Market in Mexico
Tuesday, 15 April 2014 09:32
CUERNAVACA, Mexico — Once the plutocrats' plague, kidnapping for ransom in Mexico has gone decidedly mass market. Shopkeepers and family physicians, carpenters and taxi drivers: All have been targeted in recent years as minions of young criminals enter a trade long run by guerrillas and gangland bosses. That puts Mexico, along with Colombia and Venezuela, among the world's most kidnap-prone countries. President Enrique Peña Nieto, 16 months into a six-year term, has struggled to meet…
Cost of Living: Prices for Rent and Food Edged Up in March
Tuesday, 15 April 2014 09:32
Prices for food, rent and other essentials rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month as a rise in food and shelter costs offset a decline in gasoline prices. The CPI index had gained 0.1 percent in February. Economists polled by Reuters had expected a 0.1…
U.S. home builder sentiment edges up in April, still gloomy
Tuesday, 15 April 2014 09:31
NEW YORK (Reuters) - U.S. homebuilder sentiment edged up in April but remained mostly dour on lingering concerns about stiff credit conditions for buyers and tight supply of building lots and labor, the National Association of Home Builders said on Tuesday. The NAHB/Wells Fargo Housing Market index rose to 47 in April from a downwardly revised 46 in March, the group said in a statement. Economists polled by Reuters had predicted the index would rebound…
Wall Street opens up on earnings, data mixed
Tuesday, 15 April 2014 09:31
By Chuck Mikolajczak NEW YORK (Reuters) - Stock index futures pointed to a modestly higher open on Tuesday as earnings from Coca Cola and Johnson & Johnson helped overshadow a mixed bag of economic data. * Coca-Cola Co advanced 2.8 percent to $39.80 in premarket trade after the soft drink maker reported better-than-expected quarterly revenue as strong sales in China more than offset a drop in Europe and flat volumes in North America.
Michael Strahan debuts on 'Good Morning America'
Tuesday, 15 April 2014 09:30
Oct. 2, 2008: Former NFL player Michael Strahan arrives at the 2008 VH1 Hip Hop Honors event in New York.Reuters Strahan with girlfriend Nicole Murphy, on whom he keeps a VERY close eye.AP REUTERS PreviousNext Michael Strahan has made good on reports that he's joining "Good Morning America" by paying a visit to the ABC breakfast show on Tuesday.
Possible hate crime charges for alleged Jewish center gunman
Tuesday, 15 April 2014 08:18
STORY HIGHLIGHTSFrazier Glenn Cross, 73, is suspected of killing three people at two Jewish-affiliated facilitiesFor now, Cross faces charges of premeditated first-degree murder, officials sayIf he's charged and convicted of a hate crime, the death penalty is on the tableThe hate crime charges are expected even though victims were Christian, experts say (CNN) -- A man suspected of fatally shooting three people at two Jewish-affiliated facilities could be formally charged with hate crimes as early…
Size matters: How sheikhs and oligarchs transformed the yachting industry
Tuesday, 15 April 2014 08:18
.cnn_html_media_utility::before{color:red;content:'>>';font-size:9px;line-height:12px;padding-right:1px}.cnnstrylccimg640{margin:0 27px 14px 0}.captionText{filter:alpha(opacity=100);opacity:1}.cnn_html_slideshow_media_caption a,.cnn_html_slideshow_media_caption a:visited,.cnn_html_slideshow_media_caption a:link,.captionText a,.captionText a:visited,.captiontext a:link{color:#004276;outline:medium none}.cnnVerticalGalleryPhoto{margin:0 auto;padding-right:68px;width:270px}]]]]]]>]]]]>]]> The 88.1-meter Maltese Falcon has one of the most advanced sailing systems in the world but the vessel designed by Ken Freivokh and launched in 2006 is in overshadowed by some of the larger yachts built since.
Google Glass available to anyone for one day only
Tuesday, 15 April 2014 08:17
STORY HIGHLIGHTSGoogle opening sales of Google Glass to the general public on April 15This is the first time regular folks have been able to buy the head-mounted computersGlass still costs $1,500 but Google will throw in a free frame (CNN) -- Have you been pining for your very own wearable $1,500 Google Glass but weren't sure how you, a regular nondeveloper residing in the United States, could procure one?