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Make My Day law for business advances in Colorado

Opponents, including some in law enforcement, consider the plan an overreach.

Ivan Moreno, Associated Press / Huffington Post

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Colorado takes pride in its Western entrepreneurial spirit — and that extends to the belief of some lawmakers that business owners should be able to use deadly force against anyone who tries to take what's theirs.

It's an idea that conjures Clint Eastwood's Dirty Harry, and its supporters have taken liberties with the hardboiled character's famous line in naming their measure "Make My Day Better."

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A Film Noir Photo Essay on the Secretive World of Swiss Banks

The Vaults is a finely crafted multimedia experience of Mark Heneley's photographs of the Swiss banking sector in Zurich. Anna Stevens of Panos Pictures taps film noir and James Bond movies for inspiration in her edit, which adds sound and text to create a story. Henley talks about the experience of shooting the series and why the mysterious industry begs investigation in an interview below.
Kasia Cieplak-Mayr von Baldegg, Atlantic

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The Atlantic: What inspired you to photograph the Swiss banking sector? 



Mark Henley: Swiss banks are a pillar of Swiss society, but they are under pressure like never before. In the last few years there have been scandals, losses, bailouts, resignations, offices raided in several countries, bankers arrested in the US, as well as tighter regulation at home. On top of this, hallowed banking secrecy laws have been breeched, and with foreign governments increasing pressure to have access to assets hidden in Switzerland, the pressure is only increasing. When you consider the importance of the banks to the Swiss economy -- they are thought to hold as much as US$7,000 billion, with a third of all global offshore funds -- put together with a subject that is the stuff of global myths, in films and thrillers, and you have a subject that deserves closer attention -- and somewhat surprisingly there has been very little. I went to a UBS AGM out of sheer inquisitiveness, and was immediately caught.

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Freddie Mac Bets Against American Homeowners

  • The taxpayer-owned mortgage giant made investments that profited if borrowers stayed stuck in high-interest loans while making it harder for them to get out of those loans.
  • Attorneys General, Frustrated With National Foreclosure Settlement, Consider Alternate Course

Jesse Eisinger, ProPublica, and Chris Arnold, NPR News

This article is made possible with the generous contributions of readers like you. Thank you!

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

Freddie began increasing these bets dramatically in late 2010, the same time that the company was making it harder for homeowners to get out of such high-interest mortgages.

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Attorneys General, Frustrated With National Foreclosure Settlement, Consider Alternate Course, Loren Berlin, Huffington Post
The participating attorneys general or representatives from California, Nevada, Delaware, Massachusetts and New York, Hawaii, New Hampshire, Missouri, Mississippi, Maryland, Kentucky, Minnesota, Oregon, and Montana discussed how they could possibly join together to investigate and potentially file lawsuits against abusive mortgage lenders and servicers.

 

Behind slick Apple products lurk gritty facts about human costs

  • The workers in China who assemble iPhones, iPads and other Apple devices often labor in harsh conditions; problems are as varied as onerous work environments and serious — sometimes deadly — safety risks.
  • Vast, fast factories overseas is why Apple can't make iPhones here

Charles Duhigg and David Barboza,  New York (NY) Times

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The parents of Lai Xiaodong, a Foxconn Technology worker who was killed in a May explosion at an iPad factory in Chengdu, China, hold a photo of their son, in Xinsheng township. Their 22-year-old son, a college graduate, was fatally burned in the blast triggered by aluminum dust. As Lai's mother said, her son was tough: "He held on for two days" before he died.
Ryan Pyle / New York (NY) Times

The explosion ripped through Building A5 on a Friday last May.
When workers in the cafeteria ran outside, they saw black smoke pouring from shattered windows. It came from the area where employees polished thousands of iPad cases a day.

Two people were killed immediately, and more than a dozen others were hurt. As the injured were rushed into ambulances, one stood out. His features had been smeared by the blast and scrubbed by heat until a mat of red and black had replaced his mouth and nose.

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Vast, fast factories overseas is why Apple can't make iPhones here, Charles Duhigg, Seattle (WA) Times
When President Obama joined Silicon Valley's top luminaries for dinner in California last February, each guest was asked to come with a question for the president.

 

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The roots of Bain Capital in El Salvador’s civil war

Romney tapped El Salvador's wealthy families, including one linked to right-wing death squads.

Justin Elliott, Salon

Mitt Romney  (Credit: Jessica Rinaldi / Reuters)

A significant portion of the seed money that created Mitt Romney’s private equity firm, Bain Capital, was provided by wealthy oligarchs from El Salvador, including members of a family with a relative who allegedly financed rightist groups that used death squads during the country’s bloody civil war in the 1980s. Bain, the source of Romney’s fabulous personal wealth, has been the subject of recent attacks in the Republican primary over allegations that Romney and the firm behaved like, in Rick Perry’s words, “vulture capitalists.”

One TV spot denounced Romney for relying on “foreign seed money from Latin America” but did not say where the money came from. In fact, Romney recruited as investors wealthy Central Americans who were seeking a safe haven for their capital during a tumultuous and violent period in the region.

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Mitt Romney’s Top Five Tax Giveaways to the Rich

  • The Loopholes & Giveaways Mitt Loves to Love
  • Remaking America: From Poverty to Prosperity

Progress Report, ThinkProgress

While much attention has focused on Mitt Romney’s own shockingly low tax rate — a 15 percent rate far lower than that paid by millions of middle class Americans, less attention has been paid to the details of his tax plan. It’s a plan that would slash taxes on the wealthiest Americans and corporations, while actually increasing taxes on the middle class.

What’s more, as the Center for American Progress Action Fund’s Michael Linden and Seth Hanlon wrote last week:

Nowhere in Romney’s 59-point economic plan does he identify a single corporate loophole or tax break he’d eliminate.
 

Here’s a rundown of some of the most egregious tax loopholes and giveaways Mitt Romney preserves in his tax plan.

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Remaking America: From Poverty to Prosperity, Byron Williams, Huffington Post

  • Which direction the country is to go, what type of nation do we choose to be, and what kind of people do we choose to be.
  • The conversation will be broadcast live on C-SPAN Thursday January 12 and rebroadcast for three nights on Tavis Smiley on PBS beginning Monday, January 16.
  • Chris Hedges |  Brace Yourself!
     

Murdoch's media company agrees to pay damages to Jude Law, 35 other phone hacking victims

  • In a statement, Law said Murdoch's tabloids had been "prepared to do anything to sell their newspapers and to make money, irrespective of the impact it had on people's lives."
  • Reporter: Tabloid agenda driven by sensationalism

Jill Lawless, Associated Press / Canadian Business

A Thursday, Dec. 8, 2011 photo from files showing actor Jude Law as he poses for photographers at the European Premiere of Sherlock Holmes: A Game of Shadows, at a central London cinema. Rupert Murdoch's British newspaper company on Thursday agreed to pay damages to 36 high-profile victims of tabloid phone-hacking, including actor Jude Law, soccer player Ashley Cole and former British Deputy Prime Minister John Prescott. In the 15 settlements whose financial terms were made public, amounts generally ran into the tens of thousands of pounds (dollars) _ although Law received 130,000 pounds (about $200,000/156,000 euro) to settle claims against the now-shuttered News of the World tabloid and its sister paper, The Sun. (AP Photo/Joel Ryan)

Rupert Murdoch's British newspaper company on Thursday (Jan 19) agreed to pay damages to 36 high-profile victims of tabloid phone-hacking, including actor Jude Law, soccer player Ashley Cole and former British Deputy Prime Minister John Prescott.

In the 15 settlements whose financial terms were made public, amounts generally ran into the tens of thousands of pounds (dollars) — although Law received 130,000 pounds (about $200,000) to settle claims against the now-shuttered News of the World tabloid and its sister paper, The Sun.

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Reporter: Tabloid agenda driven by sensationalism, Jill Lawless, Associated Press  / Seattle (WA) Post Intelligencer
Former spin doctor slams 'putrid' British press

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