Dow Jones, S&P 500 swing wildly, finish Friday slightly lower after House GOP withdraws Obamacare repeal bill

Budweiser Wants MLB Opening Day to Be National Holiday

Feb 25, 2014, 11:06 am EDT

Anheuser-Busch InBev’s (BUD) popular beer brand Budweiser is throwing its support behind an effort to make Major League Baseball’s Opening Day a national holiday in the U.S. Source: Flickr

The move to create the new holiday comes in the form of a petition on the White House’s website. The petition says that by making Opening Day a national holiday, the government will allow Americans to “exercise their inalienable right” to watch the start of the baseball season, Politico notes.

To promote the petition, Budweiser has partnered with Baseball Hall of Famer Ozzie Smith. The former St. Louis Cardinals shortstop will appear in online ads from Budweiser promoting the petition. Read 

Senate Accuses Credit Suisse of Helping Americans Dodge Taxes

Feb 25, 2014, 10:50 am EDT
Senate Accuses Credit Suisse of Helping Americans Dodge Taxes

Credit Suisse (CS) will be accused of helping aid Americans in dodging tax payments in a new report from the U.S. Senate.

The Senate Permanent Subcommittee on Investigations report will discuss how the second-biggest Swiss bank helped clients hide money and offered accounts not declared to the IRS.

Bloomberg quotes unnamed sources close to the report — which has yet to be released. Read 

Big Companies Urge Jan Brewer to Veto Arizona Anti-Gay Bill

Feb 25, 2014, 10:30 am EDT

Arizona’s Republican Governor Jan Brewer is facing rising pressure to reject a bill passed by the state’s legislature that would allow businesses to refuse service to gay customers, if that service would violate the business owners’ strongly-held religious beliefs.

Brewer has said that she is taking time to review the Arizona anti-gay bill. She will have to decide whether to sign the bill by Friday. A number of large companies, including American Airlines (AAL) and Apple (AAPL) have called on the governor to veto the Arizona anti-gay bill, Bloomberg notes.

The sharp reaction to the bill has prompted three state senators who originally voted to pass the Arizona anti-gay bill to reverse course and press Brewer to veto the law, according to USA TODAY. State Senators Bob Worsley, Steve Pierce and Adam Driggs, all Republicans, have sent Brewer a letter saying that the Arizona anti-gay bill has been “mischaracterized” by opponents and that those “allegations are causing out state immeasurable harm.” Read 

Obama, Dalai Lama to Meet at White House Against China’s Wishes

Feb 21, 2014, 1:21 pm EDT

President Barack Obama went ahead with a meeting with the Dalai Lama on Friday after China called for it to be cancelled. Source:

China often reacts negatively when any country hosts a meeting with the Dalai Lama. This is because China considers the religious leader to be an anti-China separatist that hides his motives with religion. China’s warnings that the meeting could hurt relations between the two countries was ignored by Obama as he met with the religois leader for the third time in his presidential career, reports The Washington Post.

“So it does seem that China makes a lot of bluster about this, and it’s attempting to bully world leaders to say, this is our importance,” Alistair Currie, a spokesman for Free Tibet, told Voice of America. “But of course China is dependent on trade with the rest of the world. It can only bluff so much.” Read 

Score! Colorado to Collect $184M in Marijuana Taxes

Feb 21, 2014, 12:10 pm EDT

The decision to legalize marijuana could provide a huge boost for state coffers in Colorado. Source: Flickr

A report from the Colorado Joint Budget Committee projects that taxes collected on marijuana sales during the first year and a half since such sales became legal in the state will bring in $184 million in tax revenue. That’s a big chunk of the estimated $610 million in total medical and recreational marijuana sales made in Colorado during that period, CNN notes.

Colorado will generate so much tax money from marijuana sales because it taxes the drug three separate times. Marijuana growers are taxed when the plants are harvested. Marijuana sellers face a tax each time they sell the drug. And buyers are hit with a sale tax, too. Read 

USPS News: U.S. Postage Stamps for 2015 to Feature Steve Jobs, Johnny Carson

Feb 21, 2014, 11:53 am EDT

U.S. postage stamps released next year will feature a number of familiar faces. Source: Flickr

The Citizen Stamp Advisory Committee of the U.S. Postal Service (USPS) selects candidates who will appear on U.S. postage stamps, sorting through thousands of suggestions from the public. The committee has approved a number of U.S. postage stamps for 2015, including stamps commemorating long-time Tonight Show host Johnny Carson and late Apple (AAPL) co-founder and CEO Steve Jobs. Other celebrities approved to appear on next year’s U.S. postage stamps include Ingrid Bergman, Elvis Presley and musician James Brown, the Washington Post notes.

Carson, who spent 30 years hosting the Tonight Show, died in 2005. Jobs succumbed to liver cancer in 2011, after heading Apple during the development of the iMac, iPod, iPhone and iPad. Often called the “Godfather of Soul,” Brown died in 2006. Read 

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