In an effort to reduce spam and to generate revenues for the United States Postal Service (USPS), a Berkeley, California councilman has proposed implementing a tax on email messages during a recent city council meeting this month. Gordon Wozniak argued that the gigabit tax could prevent scammers from sending spam emails to thousands of recipients […]
Archives for March 2013
Cyprus banks reopen under strict capital controls in financial crisis
After being closed for nearly two weeks due to the negotiations over a financial bailout by Troika leaders, the financial institutions of Cyprus have finally reopened as scheduled, but they will operate under strict capital controls. Those looking to access their accounts were met with long lineups on the sidewalks and on the street outside […]
Financial collapse causing rising credit card debt across U.S.
The Federal Reserve Bank of New York issued a new report that highlights credit card debt rising across the United States, according to a press release. The report noted that in the third quarter of 2012, overall debt in the U.S. rose $74 billion, while $2 billion of that money was related to credit card […]
Texas mulling repatriation of gold held at New York Federal Reserve Bank
Texas Republican Governor Rick Perry is working with lawmakers in proposing legislation that would establish a Texas Bullion Depository. The Lone Star State owns approximately $1 billion worth of gold that is held underneath at the Federal Reserve Bank of New York. The former presidential candidate has teamed up with Republican State Representative Giovanni Capriglione […]
Former U.S. presidents costing taxpayers $3.7 million a year
The Congressional Research Service (CRS) published a new report that highlights how much former occupants of the White House are costing the taxpayers. Taxpayers were on the hook for $3.7 million to look after four living former presidents and one presidential widow. The president at the top of the list was George W. Bush, who […]