AIG Bonuses May Be Taxed 90%; Iraq Six Year Anniversary; FilmWeek
AIG Bonuses May Be Taxed 90%
Congress yesterday voted to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies. The House vote was 328-93. Similar legislation has been introduced in the Senate and President Barack Obama signaled his support for the idea. Republicans took Democrats to task for rushing to tax AIG bonuses worth an estimated $165 million after the majority party stripped from last month's economic stimulus bill a provision that could have banned such payouts. Senate Banking Committee Chairman Chris Dodd authored the provision. Treasury Secretary Timothy Geithner has also been criticized for failing the debacle.
Iraq Six Year Anniversary
American flags were set on fire Friday to chants of "no, no for occupation." That's how followers of an anti-U.S. Shiite cleric marked the sixth anniversary of the Iraq war. How can the US wind down its presence there as violence continues? What are the logistically challenges? Will the country remain stable without the presence of US forces?
FilmWeek
Larry Mantle and KPCC film critics Lael Loewenstein of Variety and Jean Oppenheimer of Village Voice Media discuss the week's new releases including Duplicity, I Love You Man, Knowing, The Great Buck Howard, Explicit Ills, Tokyo!, Sin Nombre, Super Capers, Virtual JFK: Vietnam Had Kennedy Lived, and Perestroika.