PPL Goes Before U.S. Supreme Court

U.S. Supreme Court building. (Photo credit: Wikipedia)

WASHINGTON – The U.S. Supreme Court on Wednesday heard arguments from PPL Corp. and federal tax authorities in a case whose outcome could determine the fate of billions of dollars in corporate profits.

The dispute, two decades in the making, involves a British tax imposed on PPL of Allentown after it bought one of many businesses privatized by former British Prime Minister Margaret Thatcher.

At issue, specifically, are U.S. tax breaks for companies that pay foreign taxes. U.S. multinationals and lawmakers are watching closely — not only because the Obama administration has taken a very public stance against such tax breaks, but also because the nine Supreme Court justices rarely hear tax cases.

“The IRS recognizes the stakes in this case are broader than this particular [British] tax,” said Dirk Suringa, a former Treasury official, now a partner at law firm Covington & Burling.

Read more:  http://www.mcall.com/news/nationworld/mc-sumpreme-court-hears-ppl-case-20130220,0,3330844.story

Clinton Leaves Secretary Of State Position, Sailing On Fair Wind

Official portrait of Secretary of State Hillary Rodham Clinton. (Photo credit: Wikipedia)

She has traveled nearly a million miles, it seems, from Whitewater, Travelgate and the Task Force on National Health Care Reform — a tumultuous and very public journey from polarizing first lady to “workhorse” senator, to the U.S.’s top diplomat, where she really did almost hit the million mark and now basks in 69 percent approval ratings.

She could have, as she said once, stayed home and baked cookies, or divorced her husband for his infidelities or withdrawn from public life after her failed presidential campaign, but Secretary of State Hillary Rodham Clinton has, through ambition, calculation, fortitude and formidable intellect, just kept on going.

And it’s not over yet.

While today is her last day as secretary of state, the Hillary for President forces are already massing.  Super PAC “Ready for Hillary,” registered with the Federal Election Commission last week, although Mrs. Clinton has said she was “not inclined” to run in 2016.

Read more: http://www.post-gazette.com/stories/news/us/clinton-leaves-state-sailing-on-fair-wind-672908/#ixzz2JfmvtcvS

Hillary Not Interested In Second Term As Secretary Of State

Image via Wikipedia

This is an interesting turn of events.  Almost sounds like Hillary wants to retire and play with any grandkids that come along.  Hillary was asked a number of questions about her future political aspirations and the answer to everything was no.

Read the full story from CNN here:

http://politicalticker.blogs.cnn.com/2011/03/16/clinton-running-for-president/