Burger King Looks To Perform Tax Inversion With Tim Hortons Deal

Yet another U.S. company looking to escape the high corporate tax rate

(Fox News) Burger King Worldwide Inc. is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons Inc., a deal that would be structured as a so-called tax inversion and move the hamburger seller’s base to Canada.

The two sides are working on a deal that would create a new company, they said in a statement, confirming a report on the talks by The Wall Street Journal. The takeover would create the third-largest quick-service restaurant provider in the world, they said.

Inversion deals have been on the rise lately, and are facing stiff opposition in Washington given that they threaten to deplete U.S. government coffers. A move by Burger King to seal one is sure to intensify criticism of them, since it is such a well-known and distinctly American brand.

A person familiar with the matter said a deal between the two companies could be struck soon, though additional details on timing couldn’t be learned. Tim Hortons has a market value of about $8.4 billion, while Burger King’s is about $9.6 billion, so together the restaurant companies are currently worth about $18 billion.

Over to Forbes

Canada’s corporate tax rate in Ontario of 26.5% (the federal rate of 15% plus Ontario’s provincial corporate tax rate of 11.5%) is considerably favorable to the American corporate tax rate of 35% thanks in large part to the conservative Canadian government led by Stephen Harper. The Harper government lowered the federal tax rate to 15% in 2012 down originally from 28% since it took office in 2006.

In fact, a recent KPMG Report, Focus on Tax, ranked Canada number as the #1 country with the most business-friendly tax structure among developed countries when adding up a wide range of tax costs to businesses from statutory labor costs to harmonized sales tax. When comparing developed countries to what companies pay in the U.S.; Canada came in at 53.6%, the U.K. came in at 66.6%, and the Netherlands at 74.5% of the U.S. corporate tax burden.

The total corporate tax costs for Canada are 46.4% less than the U.S. rate. This should send Team Obama into apoplexy, seeing as he wants legislation that restricts inversions. Obviously, calling for a lower corporate tax rate would be silly.

Crossed at Right Wing News.

Read: Burger King Looks To Perform Tax Inversion With Tim Hortons Deal »

Good Grief: Climate Change To Ruin Your Breakfast And Drown Atlanta From Sea Rise

Quite frankly, this sounds like deja vu. I’m sure I’ve seen this before. But, hey, like any good (and debunked) Warmist meme, it keeps coming back around

5 Ways Climate Change Is Ruining Your Breakfast

1. Rising cereal prices. Kix might be kid-tested and mother-approved, but have fun buying them in 2030, when their cost could be as much as 24 percent higher due to drought-stricken grain crops, according to an Oxfam International report. (And that doesn’t even account for inflation.) Lovers of Frosted Flakes and Kellogg’s Corn Flakes should also start stockpiling now—Oxfam predicts their respective prices will rise by 20 and 30 percent by 2030.

Aaaaaand, once again, corn crops are in record territory. In fact, the US crop is so big they don’t know what to do with it. But, hey, they give us a prediction of what might possibly kinda happen when they look in the crystal ball. And everyone has forgotten their prediction.

Number 2 is on the coming bacon shortage, even mentioning the debunked British scare-story. Three is on “bland-but-costly” coffee.  Because coffee growing areas can’t possibly ever be moved. What did they do during the warmer 1930’s? Or during cool periods?

4. Waffle woes. The nation had to collectively leggo its Eggos in November 2009, when record flooding in Atlanta stopped waffle production at the local Kellogg plant. Sure, this has happened once so far, but according to the Environmental Protection Agency, “projected sea level rise, increased hurricane intensity, and associated storm surge may lead to further erosion, flooding, and property damage in the Southeast.”

So, wait, Atlanta has to worry about flooding from sea rise? Are Warmists really this insane? It’s not like it’s 1,050 feet above sea level or something. As for hurricane intensity, where is it? The last major hurricane to hit the US mainland was in October 2005. We’ll break the record going back to the Civil War if there are no Category 3+ US landfalls through November.

As for #5, apparently, Climate Change ate it.

Read: Good Grief: Climate Change To Ruin Your Breakfast And Drown Atlanta From Sea Rise »

If All You See…

…is a lake that will disappear and leave ducks homeless, you might just be a Warmist

The blog of the day is Maggie’s Farm, with a post saying “don’t do this”

Read: If All You See… »

Sorta Blogless Sunday Pinup

Happy Sunday! A gorgeous, and rather cool, day in the Once And Future Nation Of America. This pinup is by Bill Randall, with a wee bit of help.

What is happening in Ye Olde Blogosphere? The Fine 15

  1. Watts Up With That? notes glacier formation in Scotland
  2. The Lonely Conservative covers Michelle Obama’s food black market
  3. Raised On Hoecakes notes that Government hates small start ups
  4. The Other McCain discusses the madness of “gender theory”
  5. The People’s Cube has a modest solution to income inequality
  6. Victory Girls Blog isn’t impressed with Team Obama’s new contraception fix
  7. Public Secrets has a quicky on “Coexist”
  8. protein wisdom notes more lying from the TSA
  9. Proof Positive wonders about separated at birth
  10. neo-neocon features other cases of killings by police that have been ignored
  11. Legal Insurrection notes a horrible dinosaur killing kid being arrested
  12. Lady Liberty 1885 discusses the Convention Of States
  13. Just One Minute notes that it depends on the meaning of several words
  14. House Of Eratosthenes has video of liberals shooting guns for the first time (awkward)
  15. And last, but not least, Fire Andrea Mitchell has Sarah Palin taking the ALS ice bucket challenge

As always, the full set of pinups can be seen in the Patriotic Pinup category, or over at my Gallery page. While we are on pinups, since it is that time of year, have you gotten your “Pinups for Vets” calendar yet? And don’t forget to check out what I declare to be our War on Women Rule 5 and linky luv posts and things that interest me

Anyone else have a link or hotty-fest going on? Let me know so I can add you to the list. (BTW, since someone asked, the reason I leave links for the previous week up (or you might see a *) is because they are place holders for later in the day or for next weeks. Easier than rewriting all the time. Also, the listing order has to do with how they are added over time, not how good a post is. I just copy and paste from the previous week, then edit. If you see one of the *’s, go ahead and check out the blog anyhow, see if there is an update. I cannot update with my Android during the day.

Read: Sorta Blogless Sunday Pinup »

Toure Has The Real Questions On Ferguson, Black Kids And The Police

Anyone who has watched or heard Toure knows he is quite the race-baiter and sees almost everything in terms of racism. He continues this at The Washington Post

Black America and the burden of the perfect victim

An information war is being waged in Ferguson, Mo., each salvo meant to shape public perceptions of Michael Brown and Darren Wilson.

Through this war we’ve learned that the 18-year-old Brown had marijuana in his system when he was killed, suggesting he was of poor character, and that police officer Wilson shot Brown six times, a use of force that could seem reckless or excessive. We’ve been told that Brown was a “gentle giant” who would have started attending classes at a technical college this month, but we’ve also seen a grainy convenience-store video in which he does not look gentle. We have seen a video of Wilson receiving an award, looking professional and happy, but we’ve also heard about him cursing at a Ferguson woman who had been maced, weeks before the town began to smolder.

Such snippets and images are efforts to shape public opinion about these men. They could influence St. Louis County Prosecutor Bob McCulloch as he weighs whether to bring charges against Wilson. They could also influence the potential jury pool, showing prejudicial evidence that may not be admissible at trial.

In an information war, the news media is deployed as a weapon, our collective mind becomes a battlefield, and biases are land mines waiting to explode.

Yet, Toure and his network, MSNBC, have been leaders in pushing the memes about racism and Michael Brown being a gentle giant, along with other Liberals. Here’s where it really goes off the rails

I feel confident stating that neither Brown nor Wilson is an angel — because no one is. But that doesn’t matter, because the two men have been reduced to symbols. Information wars suggest that character is destiny and that character is knowable, as if a handful of snapshots or tweets constitute an autopsy of the soul. They are waged in all kinds of legal battles, from civil suits to contract negotiations to public divorces.

But when there’s a black victim involved, the information takes a different and predictable turn: The victim becomes thuggified. This is an easy leap for many minds, given the widespread expectation of black criminality. If you become nervous when you see a young black male approaching on the street, it is not hard to convince you that a kid who was shot was not one of the “good ones,” that he was scary and maybe did something to deserve it. Information wars thrive on America’s empathy gap — the way some people struggle to see any kinship or shared humanity with strangers who don’t look like them.

Reall? Did something to deserve dying because Black? How about if the truth is that Michael Brown attacked a police officer, including punching him in the face? This is all an interesting point of view coming from someone who works at a network which portrays Conservatives and Tea Party members who get in legal trouble as The Worst People Ever (usually right before we learn that the perp was actually someone who has Lefty political leanings and the story silently disappears).

So after 17-year-old Trayvon Martin was killed in Sanford, Fla., on Feb. 26, 2012, people were told that he had been suspended from school, that he had written graffiti, that he had smoked marijuana. As a result, many saw him as a thug — even though many non-thugs have been suspended from school or gotten high, and those are not violent acts. More important, none of that sheds any light on what happened the night George Zimmerman shot him.

Zimmerman was portrayed as a virulent racist, a vigilante, a White guy (despite being Latino), a guy drunk on power. NBC edited the 911 call to paint him as a racist. Toure forgets to say that Martin was suspended three times, once for possibly having marijuana, and makes it seem that the graffiti is separate from the suspensions. He was found to have stolen jewelry, which matched jewelry stolen from a residence a half mile from his school. And, according to the law and the trial, we know Trayvon attacked Zimmerman first. We know from his text messages that he was fighting and thinking about getting a gun. Huh.

With Michael Brown, he had just committed a strong arm robbery. He was walking in the middle of the street (not jaywalking, as some like to portray). The officer asked him and his friend (who also has a criminal record and outstanding warrants) to not walk in the street. Is that “thug” behavior? The first certainly is, and makes no difference whether Black or White or Other.

But it doesn’t matter whether Brown was an angel. He was young and growing and human, and he made mistakes. That’s okay. The real question is not: Was Brown a good kid? The real question is: How are police officers supposed to treat citizens? California Attorney General Kamala Harris, a former prosecutor, has put it well: “Our penal code was not created just to protect Snow White.”

Yes, he made mistakes. He robbed a convenience store and assaulted and menaced people in the store. He wasn’t a kid. He was a legal adult who had just committed felonies. That’s not “okay”. As far as how are police officers supposed to treat citizens, well, in this case, the officer was apparently asking two idiots to stop walking in the street, for their own safety. According to many witnesses, the officer was attacked. Brown and his partner then ran away, stopped, taunted the officer, then Brown charged the officer.

Toure is correct with the end quote, though. The penal code was also created to protect people, including police officers, who are attacked by citizens.

Crossed at Right Wing News.

Read: Toure Has The Real Questions On Ferguson, Black Kids And The Police »

If All You See…

…is super wonderful coffee being wiped out by massive desertification, you might just be a Warmist

The blog of the day is The Jawa Report, with a post on two deaths, two protests.

Read: If All You See… »

New Pause Excuse: Heat Hiding In Atlantic, Not Pacific

The Hockey Schtick chalks this up as excuse number 38

(UK Guardian) The key to the slowdown in global warming in recent years could lie in the depths of the Atlantic and Southern Oceans where excess heat is being stored – not the Pacific Ocean as has previously been suggested, according to new research.

But the finding suggests that a naturally occurring ocean cycle burying the heat will flip in around 15 years’ time, causing global temperature rises to accelerate again. (snip)

The new study, published in the journal Science on Thursday, concludes that the Pacific alone cannot explain the warming “hiatus” and that much of the heat being trapped by greenhouse gases at record levels in the atmosphere is being sunk hundreds of metres down in the Atlantic and Southern Oceans.

Ka-Kit Tung, author of the paper and University of Washington professor, said: “The finding is a surprise, since the current theories had pointed to the Pacific Ocean as the culprit for hiding heat. But the data are quite convincing and they show otherwise.”

“We are not downplaying the role of the Pacific. They are both going on [the oceans having an effect on temperatures]; one is short term [the Pacific], one is long term [the Atlantic],” he told the Guardian.

Dr. Judith Curry has a long post on this, and finds the explanations somewhat compelling, but not convincing. She notices something interesting in the press release (first two paragraphs from PR, last from Dr. Curry)

Rapid warming in the last three decades of the 20th century, they found, was roughly half due to global warming and half to the natural Atlantic Ocean cycle that kept more heat near the surface.

The authors dug up historical data to show that the cooling in the three decades between 1945 to 1975 – which caused people to worry about the start of an Ice Age – was during a cooling phase. (It was thought to be caused by air pollution.)

I searched the paper and did not find any discussion/arguments directly related to these. That said, these statements certainly fit in with my own understanding, and seem heretical to the IPCC consensus attribution statement. I am wondering why these statements, and supporting analyses, did not appear in the journal article (I can certainly imagine several reasons).

Here’s another goody from the PR

“Every week there’s a new explanation of the hiatus,” said corresponding author Ka-Kit Tung, a UW professor of applied mathematics and adjunct faculty member in atmospheric sciences. “Many of the earlier papers had necessarily focused on symptoms at the surface of the Earth, where we see many different and related phenomena. We looked at observations in the ocean to try to find the underlying cause.”

Yup, there pretty much is a new excuse on a constant basis. They’ve been coming quicker and quicker as the Pause continues. Interestingly, most seem to Blame Nature for the Pause, and Blame Mankind for the warming. Back to The Guardian

But the finding suggests that a naturally occurring ocean cycle burying the heat will flip in around 15 years’ time, causing global temperature rises to accelerate again.

So, when it flips, will they Blame Mankind again?

Read: New Pause Excuse: Heat Hiding In Atlantic, Not Pacific »

Go Topless Coming To San Antonio, Compares Itself To Gun Rights

And if you refuse to stand up for the right of women to go topless in public, you’re probably part of the patriarchy and a misogynist and hate womyn

(The Blaze) It seems some women are planning to let it all hang out in a couple of Texas towns on Sunday.

Their argument: Breasts are less dangerous than guns.

“The 2nd amendment is very popular in TX ‘the right to bear arms’ to protect one’s family is one argument but baring breasts is illegal also ‘to protect the children,’” the group, GoTopless, wrote in a Facebook post. “Texas women, affirm your right to bare your breasts!!! If breasts are more dangerous to children than weapons, then something is truly wrong with our society!”

One person at the Facebook post link notes “Go topless but with an AR”. Hey, sounds good!

(My San Antonio) GoTopless, a Las Vegas-based organization advocating for “women’s right to go topless in public,” is hosting the event, which is scheduled to take off at 1 p.m. on Sunday at Navarro and St. Mary’s. The group is hosting more than 50 similar rallies around the world on Sunday, including on 6th and Congress in Austin, according to its website.

A San Antonio ordinance that forbids exposure of “female breast(s)” may cause a problem for demonstrators.

So, mostly outside agitators. A few choice comments

  • Mommy, what are those two deflated balloons doing on the chest of that woman asks the little boy?
  • A lot of the breasts that will be exposed will be resting on some rather large and protruding stomachs.
  • It will be just like the nude beaches where only the people naked are the people you don’t want to see naked.

Hey, menfolk would love for women to go around topless all the time. Well, mostly. With more proof of Yikes!!!!! at the My San Antonio link.

Read: Go Topless Coming To San Antonio, Compares Itself To Gun Rights »

Semi-Retired President Uses Weekly Address To Deal With Ex-Im Bank

Seriously, I just can’t understand why anyone would call him tone deaf (video here)

(White House) One place to start is by supporting something called the U.S. Export-Import Bank. Its sole mission is to create American jobs. That’s it. It helps many American entrepreneurs take that next step and take their small business global. But next month, its charter will expire — unless Members of Congress do their job and reauthorize it.

Now, past Congresses have done this 16 times, always with support from both parties. Republican and Democratic Presidents have supported the bank, too. This time around shouldn’t be any different. Because the bank works. It’s independent. It pays for itself. But if Congress fails to act, thousands of businesses, large and small, that sell their products abroad will take a completely unnecessary hit.

Huh. Now that’s interesting

(The Blaze) It’s a near-total reversal of what he said on the campaign trail six years ago.

As the Washington Free Beacon noted earlier this month, in 2008 then-Sen. Obama called Ex-Im “little more than a fund for corporate welfare.”

Of course, now that many conservative groups and pundits and legislators are calling for the ending of the Ex-IM Bank, Obama is for it. He sees an opportunity to create more division. And, since nothing else of importance is happening in the world, hey, why not discuss this subject? I really just don’t get why anyone would call him tone deaf.

https://twitter.com/CuffyMeh/statuses/502817104085942273

Crossed at Right Wing News.

Read: Semi-Retired President Uses Weekly Address To Deal With Ex-Im Bank »

If All You See…

…is coffee that is under threat from too much dry and wet, you might just be a Warmist

The blog of the day is Raised On Hoecakes, with a post noting that laws and rules aren’t for the people who wrote them.

Read: If All You See… »

Pirate's Cove