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Ireland Has Too Much To Lose To Deter U.S. Companies Re-homing

Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles. Ireland's low corporate tax rate of 12.5 percent is a natural lure for U.S. companies looking to set up an overseas hub, and for Dublin the pay-off is new jobs, but in so-called inversion deals the company then switches its overall tax domicile from the United States, where the rate is 35 percent, to its new home.


 
Ireland Has Too Much To Lose To Deter U.S. Companies Re-homing

Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles. Ireland's low corporate tax rate of 12.5 percent is a natural lure for U.S. companies looking to set up an overseas hub, and for Dublin the pay-off is new jobs, but in so-called inversion deals the company then switches its overall tax domicile from the United States, where the rate is 35 percent, to its new home.


 
Police: Boy, 8, Shot And Killed In Detroit

Detroit police said an 8-year-old boy died on Wednesday, after a bullet fired from outside went through a home's wall and hit the child in bed. The bullet went through a wall at an east-side home about 1:15 a.m. Neighbors told WWJ-AM they heard about five shots. Beatrice Spears, who lives nearby, left a teddy bear on the porch next to the sheet. She told The Detroit News, "Hearing the gunshots and I heard his mother screaming, so I ran around here," She added, "Seen him in the middle of the street, and I seen his mother in the middle of the street, also."


 
Police: Boy, 8, Shot And Killed In Detroit

Detroit police said an 8-year-old boy died on Wednesday, after a bullet fired from outside went through a home's wall and hit the child in bed. The bullet went through a wall at an east-side home about 1:15 a.m. Neighbors told WWJ-AM they heard about five shots. Beatrice Spears, who lives nearby, left a teddy bear on the porch next to the sheet. She told The Detroit News, "Hearing the gunshots and I heard his mother screaming, so I ran around here," She added, "Seen him in the middle of the street, and I seen his mother in the middle of the street, also."


 
Bolt Criticizes Glasgow Games

Even before stepping on the track, Usain Bolt is causing a stir at the Commonwealth Games. The Jamaican sprint star, who is only competing in the 4x100 relay there, was quoted as telling The Times of London on Tuesday that he was "not really" having fun in Glasgow. The Times newspaper's Scottish editor, Angus Macleod, said: "We stand by this story 100 percent." Bolt, who won three gold medals at the 2012 London Olympics, was also quoted as telling The Times that "the Olympics were better" than the Glasgow Games.


 
Gardens Next To Louvre Overrun With Rats Instead of Tourists

Rats are a problem in the gardens outside of the Louvre, despite the use of pesticides.
 
And You Thought Your Beach Was Crowded

During the month of July, the Brazilian town of Salinopolis expands from its population of 40,000 to welcome an estimated 280,000 visitors. People flock to the enjoy the beaches located just southeast of the Amazon river's mouth, where the river's fresh water mixes with the Atlantic Ocean's saltwater. Officials estimate that close to 50,000 vehicles drive onto the city's two most popular beaches, Atalaia and Farol Velho, with tons of garbage left by visitors.


 
This New Jersey Wedding Turned Into A Disaster When 300 Guests Started Fighting

Two people were arrested for disorderly conduct Sunday night when a giant brawl involving almost 300 wedding guests broke out in Central New Jersey. Police , two off-duty officers were working the reception as security when they first learned about a fight. When backup was called for some much-needed assistance, the brawl had grown even more to approximately 300 wedding guests.


 
15 Killed At Gaza UN School; Israel Holds Fire

Israeli tank shells slammed into a crowded U.N. school sheltering Gazans displaced by fighting on Wednesday, killing 15 and wounding 90 after tearing through the walls of two classrooms. The Israeli military said mortar shells had been fired from near the school, and that soldiers fired back. Later Wednesday, the Israeli military declared a four-hour humanitarian cease-fire in parts of Gaza beginning at 3:00 p.m.


 
Moscovici Says Confident Will Have Important Economic Role In EU Commission

France's candidate for the European Commission Pierre Moscovici told Reuters on Wednesday he is convinced he will have an important economic portfolio, rebuffing German concerns that France lacked the budget credibility to take such a job. President Francois Hollande proposed his former finance minister on Tuesday to be France's representative in the next European Commission, which takes office early November. A keen admirer of Keynesian economics, Moscovici said it was crucial for Europe to refocus on growth and jobs via higher investments. However Germany, the EU's biggest economy, has voiced reservations about France's interest in the powerful economic and monetary affairs job, given its failure to respect the bloc's deficit limits.


 
Private Sector Adds 218,000 Jobs In July: ADP

A report by a payrolls processor released on Wednesday showed U.S. companies hired 218,000 workers in July, below what analysts projected and the level set the previous month. Private job gains in June were 281,000, which was the strongest reading since November 2012. Economists surveyed by Reuters had forecast that the ADPNational Employment Report would show a gain of 230,000 jobs. Mark Zandi, chief economist at Moody's Analytics said, "The July employment gain was softer than June, but remains consistent with a steadily improving job market. If current trends continue, the economy will return to full employment by late 2016."


 
MH17: Still Not Safe Passage to Crash Site

International investigators may still not be able to get to the crash site of Malaysia Airlines Flight 17 for some time due to the fighting between Kiev's forces and the pro-Russian rebels. WSJ's Paul Sonne joins the News Hub with Simon Constable with the details. Photo: Getty
 
U.S. GMO Crop Companies Double Down On Anti-labeling Efforts

One year after the launch of a social media effort to allay consumers' concerns about the safety of foods made from genetically modified crops, U.S. companies that develop GMOs have further committed to a multimillion-dollar campaign to defeat attempts to add GMO labels to such foods. "We are not going to sit down for that (labeling)," Cathleen Enright, spokeswoman for the effort, said in an interview. "We want people to know how their food is grown ... we support a right to know.


 
U.S. GMO Crop Companies Double Down On Anti-labeling Efforts

One year after the launch of a social media effort to allay consumers' concerns about the safety of foods made from genetically modified crops, U.S. companies that develop GMOs have further committed to a multimillion-dollar campaign to defeat attempts to add GMO labels to such foods. "We are not going to sit down for that (labeling)," Cathleen Enright, spokeswoman for the effort, said in an interview. "We want people to know how their food is grown ... we support a right to know.


 
U.S. GMO Crop Companies Double Down On Anti-labeling Efforts

One year after the launch of a social media effort to allay consumers' concerns about the safety of foods made from genetically modified crops, U.S. companies that develop GMOs have further committed to a multimillion-dollar campaign to defeat attempts to add GMO labels to such foods. "We are not going to sit down for that (labeling)," Cathleen Enright, spokeswoman for the effort, said in an interview. "We want people to know how their food is grown ... we support a right to know.


 
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