findings here that have been absorbing washington over the past couple days. now is our first chance to actually dive in and read the report. here s what they said they found. they found that the irs has used inappropriate criteria that identified tea party and other groups applying for tax exempt status. the irs also caused delays in processing certain applications, and it issued unnecessary information requests to groups for information such as who their donors are and other identifying information about how they operated. so take a look at some of the criteria here that the tigta report says the irs was using in krut scrutinizing some of these entities, looking for the name tea party or patriots or 912 group used in the case file. they say the issues include government spending or government debt or taxes. those would be entities that the irs would want to flag, as well. and education of the public by advocacy or lobbying to, quote, make america a better place to live. t
to all kinds of health issues including child of obesity diabetes and shifting k proponents claimed that a 1¢ per ounce tax could bring in millions for the city of chicago alone money that can be used toward health programs to prevent these issues . government is bearing the cost of the of the city crisis it s a lot like cigarettes we know that these are unhealthy and killing people and we need to make sure that the government is job is upheld to protect the public . others argue that this creates an unnecessary economic burden on people we ve had a tax on beverages and i m not sure if that s helped chicagoans be healthier this is ben britax and 1993 . there has already been attacks but it s at its limit in order to raise the limit has to go before the state legislature and right now there is no proposal before them to raise that tax . many say it s about obesity and ways to try to solve the problem for the future. all sides agree that people need to get more active the fam
good evening, everyone. i m larry kudlow. welcome back to a special edition of the kudlow report . we think that free market capitalism is the best way to prosperity. i want to begin with the dollar. a strong and steady dollar is always essential to free market prosperity and economic growth. but a wildly fluctuating green back is not. and i want to pause at this notion. since last november the trade weighted dollar index, the dxy, is up 16%. and the dollar has jumped nearly 25% against the euro alone. now, obviously the euro collapse is a function of the greek and european debt default threat. but roughly 15% of u.s. trade is done with the european area. so here s my point. this huge dollar jump of nearly 25% against the euro really affects the terms of trade negatively, certainly for u.s. exporters and certainly for s & p corporate profits of global companies. it s a deflationary influence to see the dollar shoot up way too fast. and basically the stock market stopped adv
and admissions in connection with the synthetic collateralized debt obligation structured by goldman and marketed to goldman investors. very complicated. i m going to give you straight down the middle as best i can. i know very smart people who are lining up on one side that said the s.e.c. fraud action is weak, and i know equalitily smart people who are lining up who say, this is a very serious matter, that in fact will be followed by numerous other s.e.c. fraud charges against other wall street underwriters. look, i m not a lawyer, and i do not know how this lawsuit will play out, but let me make a couple simple, straightforward points that may help everyone informed in regards to john paulson s involvement in the selection for the abacus cdo, and whether this is in fact a material fact that goldman sachs should have disclosed to investors. that is mr. paulson s involvement. all right? from the s.e.c. complaint, let me put up a very important timeline of the securities se
hi, everybody. welcome to a friday edition of power lunch. i m sue herera. our colleague tyler math son is off today. stocks pushing high or upbeat economic data, but the commodity market s getting hit. gold once again touching a one-month low. oil hitting a two-month low on the trading session. consumer stocks, though, on the equity side of things are among the best performers. i m dennis kneale, stocks are rallying and the economy is in recovery, but americans are still singing the blues? what will it take to change the nation s mood and our exclusive wealth in america survey coming up. i m michelle caruso-cabrera, one year ago today bernie madoff arrested for fraud, turns out to be the big of the ponzi scheme in history. one year long, are the feds doing a better job of protecting your money? first up on power lunch president obama s executives are extending bailout legalities. mary thompson injoss us from washington with details on that. hi, mary. hey there, s