Corporations Join Droves Renouncing US Citizenship

And now those "droves" are going to be paying an extra 422% to break free by renouncing citizenship, according to Forbes. - Ed.)

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Nick Giambruno, International Man
Casey Research

Don’t be surprised to lose if you don’t make an effort at being competitive.

And if you go out of your way to make yourself less competitive, expect to lose.

If that sounds like simple common sense, that’s because it is.

But it’s also exactly what the US has been doing for years—enacting tax policies that sabotage its global economic competitiveness.

It’s like trying to get in shape for a marathon by going on an all-McDonald’s diet. (Speaking of McDonalds, check out this funny video spoof of what their commercials should really look like.)

Here are two major reasons why the US is lagging in the global economic marathon:

U.S. Issues Terror Alert For Tourists in Europe

Associated Press

State Department notice issued Sunday about the potential for terrorists attacks in Europe. The alert expires Jan. 11:

The State Department alerts U.S. citizens to the potential for terrorist attacks in Europe. Current information suggests that al-Qaida and affiliated organizations continue to plan terrorist attacks. European governments have taken action to guard against a terrorist attack and some have spoken publicly about the heightened threat conditions.

Terrorists may elect to use a variety of means and weapons and target both official and private interests. U.S. citizens are reminded of the potential for terrorists to attack public transportation systems and other tourist infrastructure. Terrorists have targeted and attacked subway and rail systems, as well as aviation and maritime services.

U.S. citizens should take every precaution to be aware of their surroundings and to adopt appropriate safety measures to protect themselves when traveling.

We continue to work closely with our European allies on the threat from international terrorism, including al-Qaida. Information is routinely shared between the U.S. and our key partners in order to disrupt terrorist plotting, identify and take action against potential operatives, and strengthen our defenses against potential threats.

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