President Obama's plan to overhaul the nation's corporate tax system would sharply cut the taxes that U.S. companies pay. But it would also eliminate many of the loopholes that help them pare down what they owe.
White House spokesman Jay Carney says the proposal unveiled Wednesday should appeal to both Democrats and Republicans, by doing what both sides "say is important to do ... which is lower the rate, broaden the base [and] eliminate the underbrush of unnecessary subsidies and loopholes and special provisions that complicate the tax code."
Italian Prime Minister Mario Monti wants more transparency so he made his cabinet disclose their finances. That sparked so much interest, the government website crashed. Ministers own real estate in New York, Brussels and Paris. One made $9 million last year.
Syrian government troops are continuing to bombard the central city of Homs. The United Nations says more than five thousand people have been killed during the 11-month uprising. Syrian activists say the number is much higher. Yesterday, two foreign journalists were among those killed.
Before they made it to the Oscars, the nominated films — not to mention all the films that didn't make the cut — were viewed by some 6,000 members of the Academy of Motion Picture Arts and Sciences. Many of those movies were shown in small, private, rented screening rooms all over Hollywood.
The studios have their own screening rooms, of course, but often directors want a more private place to screen works in progress — with no studio suits in sight.
We have an update now on a story NPR's been investigating for almost two years. This morning, federal prosecutors filed criminal charges in a 2010 coal mine explosion in West Virginia. Twenty-nine mine workers died in the blast at the Upper Big Branch mine. The charges reach into the management ranks of Massey Energy, the company that operated the mine. NPR's Howard Berkes joins us now for details.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
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And I'm Steve Inskeep. Marie Colvin of the Sunday Times in London spent a career documenting the peril that others faced, which meant the American reporter shared their danger. Her paper says she was killed today by artillery fire that struck the Syrian city of Homs. French officials affirm a French photojournalist has also been killed.
Activists in the Syrian city of Homs say rockets struck the house where the two journalists were staying. Syrian troops have been shelling the city. French officials identify one journalist as photographer Remi Ochlik. The Sunday Times of London confirms the other was American reporter Marie Colvin.