"By all indications, Amazon appears to be using the tax breaks that Congress has made available," Gardner said. But he added that in the long-standing environment of federal budget deficits, when a company such as Amazon avoids billions in taxes, that money will ultimately have to come from somewhere. "It could take the form of two billion cut out of infrastructure spending," he said. "Or it could take the form of tax hikes down the road at some level on someone else, probably middle-income families and small businesses."
The Earth's magnetic field appears to be shifting and geologists don't know why. Like most spinning systems, such as stars and planets, the Earth's magnetic field is assumed to be generated through the motion of electrically conducting fluids such as a liquid iron core as is thought to be the case for the Earth. All being well, in a perfect idealized physics' world, the magnetic field would align with the axis of spin. However, the reality is that the Earth's magnetic field is aligned at an 11-degree angle to the spin axis, hovering somewhere over Canada. The exact location is variable and over the last 180 years the magnetic north pole has been migrating northwestward with movements of up to 25 miles per year.
While the New England Patriots and Los Angeles Rams slogged through one of the least entertaining games in Super Bowl history, New Orleans stole the national spotlight from the world's biggest sporting event with a rollicking day-long citywide protest of Super Bowl LIII. read more
A heightened supply of Treasury securities follows tax cuts and government spending increases implemented under the current administration. That's darkening a fiscal outlook already made worrisome by rising entitlement-program expenses and higher costs to service America's nearly $16 trillion in debt. The Federal Reserve's balance-sheet runoff is also adding to supply, forcing Treasury Secretary Steven Mnuchin to tap the public for more funding.
(CNN) Longtime Donald Trump associate Roger Stone has been indicted by a grand jury on charges brought by special counsel Robert Mueller. He was arrested by the FBI Friday morning at his home in Florida, his lawyer tells CNN. Stone was indicted Thursday by a federal grand jury in the District of Columbia on seven counts, including one count of obstruction of an official proceeding, five counts of false statements, and one count of witness tampering.