The Daily Populous

Saturday July 29th, 2023 evening edition

image for Senator Files Bill Barring Fox From Getting $200M Tax Break From Lawsuit Payment

An arcane tax provision lets the company save up to $213 million in taxes due to its $787 million defamation settlement.

Sen. Sheldon Whitehouse (D-Rhode Island) filed a bill on Wednesday that would specifically bar large corporations from being able to take an income tax deduction from certain defamation payments.

The legislation is seemingly aimed directly at barring Fox from being able to diminish the impact of its settlement payment over actions that likely had a huge impact on eroding American democracy.

Fox confirmed to The Lever that it can claim this tax deduction.

Lawmakers have condemned the tax loophole, saying that the public should not have to suffer even further from Fox’s lies.

“Taxpayers shouldn’t have to foot the bill for multi-billion-dollar companies like Fox News when they get caught selling malicious lies that are damaging our democracy,” Whitehouse said in a statement.

The bill comes as companion legislation to a similar House Bill, filed earlier this month by Rep. Brendan Boyle (D-Pennsylvania), called the “No Taxpayer Bailout for Defamation Act.” »

Scientists Develop Game-Changing Vaccine Against Lyme Disease Ticks

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A tick, whose bite can transmit Lyme disease, at the French National Institute of Agricultural Research in Maison-Alfort on July 20, 2016.

Researchers may have found a vaccine against the tick that transmits the disease.

In the meantime, a vaccine against the bacteria that cause Lyme disease is also in the works, though it may not be ready for several years. »

Final Fantasy 6 director is still pushing for a remake

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A Final Fantasy figurehead is pushing for a Final Fantasy 6 remake - again.

Just last month, Final Fantasy mainstay developer Yoshinori Kitase revealed that while a Final Fantasy 6 remake would be "difficult," he's constantly being approached by other developers at Square Enix, who want the remake of one of the best Final Fantasy games to eventually happen.

The studio might've wrapped up work on Final Fantasy 16 (for now), but there's still Final Fantasy 7 Rebirth and Final Fantasy 7: Ever Crisis coming within the next year or so, to name just two major ongoing Final Fantasy-related projects. »

The Case for a Hard Break With China

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The United States must break from China or else become irrevocably corrupted by it.

But collective action is not necessary and a hard break remains the best course for the United States, regardless.

For policymakers and analysts committed to globalization and conditioned to fear any inefficient overstepping in the market, a hard break from China may seem implausible. »