Nakednews.com- Monday January 19 2015
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I_m Angie Heyward welcome to Naked News. Katherine Curtis is standing by with your FIRST look at today_s headlines. Thanks Angie In Tuesday_s State Of The Union address President Obama will unveil a proposal that will raise taxes on the wealthy and provide relief to middle class families. The plan includes closing certain tax loopholes exploited by the nation_s top earners and increasing the capital gains tax. The proposal would raise an estimated 320 billion dollars over the next decade - funds that would be put towards middle class economic growth such as child tax credits. Of course the President_s plan will face stiff opposition from Republicans who are now in control of both the House and Senate. A shocking new Oxfam study has shed light on the explosion in financial inequality worldwide. The international agency says that at current rates the planet_s richest 1-percent will own more than the other 99-percent COMBINED by next year. They found that the richest 80 people have the same wealth as the planet_s poorest 3.5 BILLION people. The charity is calling on world leaders to take tougher stances on corporate interests. The report is expected to be a key talking point as politicians gather for this week_s World Economic Forum in Davos Switzerland. And Indonesian investigators have now confirmed that the crash of AirAsia flight 8501 was NOT due to terrorism. It was the first public statement from officials since analyzing the data on the plane_s cockpit voice recorder. The most likely cause of the December 28 crash still appears to be bad weather. Investigators said the pilot seemed to be too busy trying to regain control of the aircraft to send out a distress signal. I_m Katherine Curtis don_t go away.
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