ATO wins battle to force electricity company to pay tax

Electricity poles and wires company Spark Infrastructure has taken a $270 million bath, writing down its South Australian electricity distribution assets and cutting dividends after a court decision that will force it to pay more tax. Spark has lost its tax battle with the Australian Tax Office over its subsidiaries, setting a potential precedent for similar industry-wide asset write-downs. Spark […]

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Sterling sinks after lawmakers reject way to prevent no-deal Brexit

LONDON (Reuters) – Sterling fell sharply on Tuesday after British lawmakers voted down a proposal in parliament that could have prevented a potentially chaotic “no-deal” Brexit. With two months left until Britain is due by law to leave the European Union, parliament instructed Prime Minister Theresa May to renegotiate an exit treaty that the EU says it will not change. […]

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UK PM May's spokesman says unaware of any discussions about suspending parliament

LONDON (Reuters) – British Prime Minister Theresa May’s spokesman said on Wednesday he was not aware of any discussions about suspending parliament after the idea was suggested by a prominent eurosceptic politician should lawmakers try to block Brexit. Jacob Rees-Mogg, who chairs the pro-Brexit European Research Group (ERG), said earlier the government should do what ever it takes to stop […]

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Trump widens demands in wall standoff, threatens Mexico border closure

WASHINGTON (Reuters) – President Donald Trump threatened on Friday to close the southern U.S. border with Mexico unless he gets the money he wants for a wall, raising the stakes in a standoff that will present an immediate test next week for the new U.S. Congress. When Nancy Pelosi and the Democrats take control of the U.S. House of Representatives […]

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Free press? South Dakota elected official asks for $100,000 in taxpayer funds to sue local newspaper

An elected board member in South Dakota, unhappy with the reporting of the Rapid City Journal, proposed using $100,000 of taxpayer funds to sue the newspaper. His motion was defeated by a 6-3 vote on Tuesday night, just hours after TIME magazine honored four journalists and one news organization as its “Person of the Year,” citing the challenges that journalists face to “tell […]

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Dead brothel owner wins election for legislative seat

Interested in Midterm Elections? A Nevada brothel owner and reality TV star who died last month after fashioning himself as a Donald Trump-style Republican candidate has won a heavily GOP state legislative district. Dennis Hof defeated Democratic educator Lesia Romanov on Tuesday in the race for Nevada’s 36th Assembly District, which includes rural communities and large stretches of desert in […]

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Tesla Says Has Not Received Subpoena on Model 3 Production

Tesla Inc has not received a subpoena from the U.S. Department of Justice related to its forecast for Model 3 production, the carmaker said on Friday, after a report https://www.wsj.com/articles/tesla-faces-deepening-criminal-probe-over-w… that the company was facing a deepening criminal probe about the projections. The company received a voluntary request for documents from the DoJ and was cooperative in responding to it, a Tesla spokesperson […]

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Biden rallies union for Democrats in tight Nevada races

Former Vice President Joe Biden spoke of working class struggles and said President Donald Trump is shredding American values as the Democrat rallied union members in Las Vegas to support Jacky Rosen and other Nevada Democrats. Rosen, a freshman congresswoman from the Las Vegas-area, is challenging incumbent Republican U.S. Sen. Dean Heller and the race is seen as one of […]

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House committee to release Russia probe transcripts

Interested in Russia Investigation? The House intelligence committee has voted to release transcripts from more than 50 interviews it conducted as part of its now-closed investigation into Russian election interference during the 2016 presidential campaign. Among those to be released are interviews with President Donald Trump’s son-in-law, Jared Kushner, his longtime spokeswoman, Hope Hicks, and former bodyguard Keith Schiller. The […]

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Ten Major Tesla Rivals

Electric cars are plug-in electric automobiles that use electric motors for propulsion, using energy stored in rechargeable batteries. Lithium-based batteries are often chosen for their high power and energy density, although may wear out over a long period of time. For decades, governments have been reluctant to ban gasoline- or diesel-burning engines for automobiles due to the absence of alternatives […]

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