America

Continuous, aggressive innovation has been a key component of America's success since its founding over 200 years ago.  As such, the country's taxing authorities have historically gone to great lengths to encourage innovation through tax incentives, public private partnerships, etc.  That is, until now.

In a rather stunning Quartz interview a few weeks back, Bill Gates, who ironically made his fortune from innovation, proposed that automation should be taxed rather than incentivized.

It's official - for the first time ever, Elon Musk's government-subsidized car-maker is America's most valuable auto manufacturer.

Tesla shares surged another 1% today, amid a continued "trouble in shortville" ramp, topping $300 for the first time...

That gives the company a total value of $52.7 billion.

That's more than GM's $49.6 billion valuation. Tesla chief executive Elon Musk says he expects the company to sell 500,000 cars next year. GM, meanwhile, sold more than 20 times that many last year.

Submitted by James Durso

“The lion is back in his den!”

Hosni Mubarak, former President of Egypt, walked free last week after six years in detention on charges of murder and corruption. What does the U.S. have to show for it? Nothing.

Authored by Michael Snyder via The Economic Collapse blog,

The folks of New York City seem to be slowly waking up to the fact that there are a whole lot of places to live in between America's two shores that cost a lot less money, enjoy much better weather and don't tax their citizens to death.  According to the latest data from the United States Census Bureau, the New York area has lost a total of nearly 1 million residents to domestic migration in just the past 6 years alone.