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DID YOU PAY TAXES THIS YEAR? YUM! BRANDS (KFC, et al) DIDN'T
The Louisville-based parent company of KFC and Pizza Hut and other fast food giants did not pay one red cent in net taxes last year.
The Lexington Herald Leader reports on the study, which said Louisville-based Yum Brands (NYSE: YUM) actually had a three-year net corporate income tax rate of 0.4 percent.(snip)The report said the rate is based on calculations of taxes that includes economic development incentives that provide tax breaks. Next year, Kentucky will grant and estimated $292 million in corporate income tax breaks, according to the Herald Leader report.Louisville Business First
"Tax breaks" like the ones provided to Omnicare and Nielsen in Covington. How did that work out? Also:
The group’s research finds that thirty big corporations actually spent more money lobbying the federal government between 2008 and 2010 than they spent in taxes. For example, General Electric — one of the top 10 most profitable companies in the world — got a net tax rebate of $4.7 billion during this period. Meanwhile, it spent $84 million lobbying the federal government.Take a look at the graphic below (click to enlarge):
The "profits" in the graphic are listed in billions. If this type of financial wizardry is being done as the country, state, and city go broke, please leave a comment about why you're not angry over it. I'm really, really curious.
OCCUPY NORTHERN KENTUCKY
The Occupy movement has been characterized in various ways, but in its simplest form Occupy is motivated by the corporate greed that is permitted by the government as exhibited above. Now, here at the very local level, you have a chance to group together and speak out against it. Occupy Northern Kentucky is Sunday at Goebel Park in Covington at 2:00PM. Remember, as Covington's budget continues to bust and is worsened by the greedy weasels at Omnicare and Nielsen, we are a ground zero for the collusion between corporate greed and government ignorance.
NKU ANNOUNCEMENT EXPECTED TODAY
The move to Division I athletics will be a boon to our region. This has been a long time coming. When this happens next fall, please buy sports tickets at the Bank of Kentucky Center and show that NKU made the right move because the fan base is here. Announcement is at 2:00PM.
KENTON MAYORS RECOMMEND NEW STREET STANDARDS
A move that is expected to save taxpayer money by building better streets that don't break up before they're supposed to. But... as usual... guess who's against safer, stronger roads?
The Home Builders Association of Northern Kentucky ardently opposes the new standards, arguing they may add enough costs to keep people from being able to afford new houses in Kenton County. And given the importance of home construction to the region’s economic health, it can harm the area’s economic health, the organization says.The Homebuilders are the same greedy, irresponsible people that got in bed with the NKY Tea Party to eliminate central planning in Kenton County. Never, ever forget that should you ever be in the market for a new house again. (The Homebuilders didn't build any of the homes in Covington's urban core, for example. Could that be why they're still standing? Make Covington Home)
“It could have a lasting impact on not only the housing industry in Kenton County, but also the economy,” said Brian Miller, the organization’s executive vice president. Advocates of the proposed standards say increased costs will add a small percentage to a house’s price, while ensuring homeowners don’t have to deal with problem streets.
Cincinnati Enquirer/Mike Rutledge
STORY OF MURDERED COVINGTON VICE MAYOR NOW AVAILABLE
In 1943, Covington Vice Mayor Carl Kiger was murdered along with his young son inside their rural Boone County summer home. The trial was sensational. Now, a new book captures the story in its entirety.
The author recently wrote a piece in the Cincinnati Enquirer to promote the book:
With my latest book – “Carl Kiger: The Man Beyond the Murder” – I set out to take a closer look at the man thought of as the primary target in the murder case. As local history librarian Bridget Striker says in the preface, “Carl Kiger was considered a suspicious man and kept three pistols in the house – two downstairs in his study and one in his upstairs bedroom, under his pillow. He insisted all the doors and windows of Rosegate were kept shut and locked at night even in the heat of summer. Why was Carl Kiger so paranoid about his family’s safety? No one knows for certain. However, rumors have alluded to Kiger’s mob connections as vice mayor of Covington. Following the murders, $1,440 in cash was found in the house, speculated to be slot machine payoff money.”I can't wait to read this. It's available on the Rabbit Hash USA website for just $14.95. What a great Christmas gift for the Covington history lover in your life.
Rabbit Hash USA
NUMBER OF KIDS HURT IN KY CRASHES IS UP IN 2011
Buckle up, always.
Some call it an epidemic. It's an alarming increase in the number of children not properly restrained as they ride along Kentucky roadways. In 2009, one-hundred thirteen children, under five involved in collisions, were not properly restrained. The number dropped to one-hundred four last year. But this year, there's a sharp increase to one hundred twenty-nine, and the year isn't over yet.
Video report at the link.
BIG TIME NASCAR DRIVERS EXPECTED IN COVINGTON SATURDAY
For the ARCA Awards:
Among those scheduled to attend are Sprint Cup Series drivers David Ragan and Ken Schrader and NASCAR team owner Richard Childress.
How about that?
CVG AIRPORT TO FEATURE POPS CONCERT
Music to fly by:
The CSO’s brass quintet will perform live in Concourse B at 2 p.m. to kick off a growing partnership between the airport and the symphony. The partnership will enable CVG to broadcast the CSO’s recorded music to passengers throughout the airport during the holidays and beyond. John Morris Russell, Conductor of the Cincinnati Pops, can also be heard welcoming passengers to CVG and ensuring that passengers control their baggage.Press release via FOX 19
HEADLINES: REAL OR FROM THE ONION?
It's getting tougher to tell these days which news is real news and which comes from satire sites like The Onion. So, challenge yourself and take this quiz.
DID YOU MISS LAST NIGHT'S NEWS?
A tough sentence recommended for the man who led police on a dangerous chase from Erlanger to Covington following other crimes; Plus, the guys opening a new pizzeria in Mainstrasse get a big shout-out from ESPN. Those stories and more stories, plus all the news you may have missed yesterday -- at the link:
News Round-Up -- Wednesday Evening