Currency

IRS Targets Billy Graham, Religious Groups

(Photo: Wikipedia)  Several well-known religious organizations say they were targeted by the Internal Revenue Service, including the ministry founded by famed evangelist Billy Graham and a 180-year-old Baptist newspaper, Fox News has learned. Among the ministries targeted are the Billy Graham Evangelistic Association, Samaritan’s Purse and theBiblical Recorder – the news journal of the North Carolina Baptist State Convention. The revelations seem to indicate the… Read more →

French economy returns to recession

France has entered its second recession in four years after the economy shrank by 0.2% in the first quarter of the year, official figures show. Its economy shrank by the same amount in the last quarter of 2012. A recession is defined as two consecutive quarters of negative growth. France has record unemployment and low business and consumer confidence. Separate… Read more →

IRS scrutiny went beyond Tea Party, targeting of conservative groups

An IRS campaign to apply additional scrutiny to conservative groups went beyond targeting “Tea Party” and “patriot” groups to include those focused on government spending, the Constitution and several other broad areas. The additional guidelines created by the agency were part of a timeline, obtained by Fox News, from the Treasury Inspector General for Tax Administration, which is looking into… Read more →

Senate passes internet sales tax bill amid opposition from conservatives

Photo: Scott Sady /AP The US Senate on Monday passed a bill aimed at ending tax-free shopping on the internet but the move looks set to face fierce opposition before it becomes law. The Marketplace Fairness Act, which has cross-party supporter and the backing of powerful retailers, would give states the power to require retailers with sales over $1m to collect state and local… Read more →

Gov. Brown OKs funds to confiscate guns from criminals, mentally ill

Photo:  (Renee. C. Byer / Associated Press) SACRAMENTO — Gov. Jerry Brown on Wednesday signed legislation aimed at taking handguns and assault rifles away from 20,000 Californians who acquired them legally but have since been disqualified from ownership because of a criminal conviction or serious mental illness. The measure, the first of several gun-related bills to reach the governor,  allocates $24 million in… Read more →

‘There will be more wealth confiscation, without a doubt’

Photo: EPA. Savers and investors face further “wealth confiscation” in Europe as the continent struggles to resolve the single currency’s problems, a bank chief has said. European politicians will take the “easy option” of taking money from the rich rather than raising taxes and cutting spending to deal with the continent’s debt problem, Lars Christensen, the head of Saxo Bank,… Read more →

Spain unemployment hits record high

Spain’s unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures. The total number of unemployed people in Spain has now passed the six million figure, although the rate of the increase has slowed. The figures underline Spain’s struggle to emerge from an economic crisis which began five… Read more →