Salem-News.com Business articles

Supreme Court Upholds Partner`s Tax-Shelter Penalty

The ruling stems from IRS penalties assessed against Texas businessmen Gary Woods and Billy Joe "Red" McCombs, co-founder of Clear Channel Communications Inc. and a former owner of the San Antonio Spurs, Denver Nuggets and Minnesota Vikings professional sports franchises.

(WASHINGTON, DC) - The U.S. Supreme Court on Dec. 3 held that the 40 percent gross valuation misstatement penalty applies to partnerships that understate their capital-gains tax liability by inflating the cost of acquiring property that is later sold.

The case stems from financial penalties resulting from a basis-inflating tax shelter that generated losses ultimately disregarded by the Internal Revenue Service.

Christian-Buddhist-Jewish Leaders Support Hindus Upset Over Lord Shiva Beer

The beer, named as “Shiva”, displays the image of Hindu Lord Shiva in Nataraja form.

(RENO) - In a remarkable interfaith gesture, Christian-Buddhist-Jewish leaders have backed Hindus upset over Indian Pale Ale beer brewed in Asheville (North Carolina, USA) carrying the name-image of Hindu deity Lord Shiva.

Distinguished Hindu statesman Rajan Zed, taking up this issue, has earlier stressed that Lord Shiva was highly revered in Hinduism and was meant to be worshipped in temples or home shrines and not to be used in selling beer for mercantile greed.

Does the FDA Have a Conscience -- Or Are They Too Corrupt to Care About American Lives?

FDA approves potentially deadly drug against recommendations of their own committees, big pharma will do anything for money, and the FDA is in their pocket.

(MYRTLE BEACH, SC) - Congress has major concerns about the FDA's approval of a dangerous and highly addictive new opioid set to be prescribed in 2014. The name of the painkiller is Zohydro ER.

Their concern is primarily due to the epidemic of deaths and addictions in the past decade plus because of dangerous opioids -- in particular OxyContin. You may wonder how the FDA could approve another opioid when the U.S. is fighting a tsunami of deaths, addiction and abuse currently to the opioids they had previously approved.

Power is Dangerous Unless You Have Humility
A Conversation with Tribert Rujugiro Ayabatwa

Now retired, this Rwandan businessman is a leader in Africa as an industrialist who has spent 52 successful years manufacturing tobacco, tea, snack foods and cement.

(WASHINGTON, DC) - After a long flight to Washington DC, Tribert Rujugiro Ayabatwa sat down with this writer for an exclusive two-hour interview.

Upon meeting him, one can immediately sense that Mr. Ayabatwa is a humble man with an obvious desire to improve the business community of Africa as well as empowering the lives of Africans through support in their business ventures. He is a soft-spoken man with a welcoming smile that never left his face no matter the topic.

ALEC: In Town and Under Fire: Lawmakers to Respond to Corporate-Owned Agenda and Disturbing New Revelations Detailed in Leaked

Includes New Must Read Report from the Guardian, Dec. 3: ALEC facing funding crisis from donor exodus in wake of Trayvon Martin row.

(WASHINGTON, DC) - State and federal lawmakers who have seen firsthand how ALEC’s corporate-owned special interest agenda harms their constituents will respond to disturbing new revelations about ALEC’s upcoming legislative agenda and plans to further sabotage the Affordable Care Act, as well as newly published documents that raise serious issues about the group’s status as a so-called charitable organization.

ALEC – the American Legislative Exchange Council, is in D.C. this week for its “State and Nation Policy Summit”...

Upset Hindus Urge Withdrawal of Lord Shiva Beer in USA

In Hinduism, Lord Shiva, along with Lord Brahma and Lord Vishnu, forms the great triad of Hindu deities. Moksh (liberation) is the ultimate goal of Hinduism. There are about three million Hindus in USA.

(RENO) - Upset Hindus have urged Asheville (North Carolina, USA) based Asheville Brewing Co. to apologize and withdraw its Indian Pale Ale beer carrying image of Lord Shiva, calling it highly inappropriate.

This beer, named as “Shiva”, displays the image of Hindu Lord Shiva in Nataraja form.

Baja Mega-Resorts Under International Scrutiny

The mega-resorts in question include Entre Mares, Paraiso del Mar, Playa Espiritu and Cabo Cortes, the latter of which was cancelled during the administration of former President Felipe Calderon.

(LAS CRUCES, NM) - Mexican and international environmental organizations are praising the decision of the Montreal-based Commission for Environmental Cooperation (CEC) to move forward in an investigation of large tourist developments on the Gulf of California.

In response to a citizen petition filed by 11 Mexican and international green groups, the CEC has requested that the Pena Nieto administration respond to complaints that Mexican and international environmental laws were not followed in the approval of four tourist developments by the Secretariat for the Environment and Natural Resources.

Economy News; Black Friday: The Perfect NAFTA Holiday?

If the North American Free Trade Agreement (NAFTA) were to have its own holiday, it might very well be Black Friday Week.

(LAS CRUCES, NM) - Mimicking their counterparts in the U.S., Mexican merchants this month rolled out a version of the U.S. shopping frenzy for the third year in a row, while more and more Canadians planned to turn out for their country’s Black Friday edition, according to the Bank of Montreal.

Almost 20 years into NAFTA, many of the same retailers, food processors, bankers, advertisers, and media moguls have a preeminent presence in all three member nations of the trade and investment pact.

Evergreen Aviation Confirms Financial Troubles

Evergreen International Aviation, Inc. CEO Del Smith confirms in a press release, that Evergreen's business, "has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets."

(MCMINNVILLE) - Oregon's longtime aviation pioneer, Delford M. Smith, confirms rumors that his facility, Evergreen International Aviation, Inc., headquartered in McMinnville, is financially impacted by a rollback in federal defense spending.

With reported ties to groups like the Central Intelligence Agency, Smith built a fortune supplying civilian aircraft and crews for military roles in what many describe as the clandestine air force, "Air America."

To Justify Profits, Pain Physicians Say Just About Anything

As members of the U.S. Senate Finance Committee and DEA celebrate Thanksgiving this week, I hope they envision empty chairs at dining room tables in countless homes whose family members are either dead or addicted because of the rules of a very cruel game called "pay to play".

(MYRTLE BEACH, SC) - Chronic pain is pain that lingers even if you are no longer ill or injured and other criminal statements the medical profession is being fed by profiteers in a "pay to play" scheme.

Last week I wrote about the Veterans Administration and the American Chronic Pain Association ties to the FDA "pay to play" scandal with the pharmaceutical industry.