President Barack Obama's fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of accumulated U.S. corporate profits earned abroad and set up a 19 percent tax on future foreign earnings, a White House official said on Sunday.
Revenues from the one-time tax be used to fund infrastructure projects and fill a projected shortfall in the Highway Trust Fund.
Obama proposes 14 percent tax on U.S. companies' untaxed foreign earnings
Did Fishermen Find Evidence of an Unknown Group of Primitive Humans?
It isn’t everyday that a fisherman’s catch has the potential to alter what we know about extinct species of early humans.
LiveScience reports that a fossilized jawbone discovered in a fishing net off the western coast of Taiwan may belong to a previously unknown form of archaic human that once dwelled in Asia. The lower right mandible, complete with a short row of thick teeth, is thought to be from a hominin that lived between 10,000 and 190,000 years ago.
Scientists invent 3-D printer 'teleporter'
Scientists at the Hasso Plattner Institute in Potsdam, Germany, say they've invented the world's first teleporter. Naturally, it's named "Scotty" after Star Trek's enterprising engineer Mr. Scott.
"We present a simple self-contained appliance that allows relocating inanimate physical objects across distance," the researchers wrote in the paper submitted to the Tangible, Embedded and Embodied Interaction conference, held this week at Stanford University. "Users place an object into the sender unit, enter the address of a receiver unit, and press the relocate button."
Space station crew moved after gas leak fears
Crew members were evacuated from a US segment of the International Space Station after an ammonia leak was suspected.
But Nasa officials now says a sensor problem probably created the false impression of leaking coolant.
The Russian space agency emphasised that the crew members had not been in any danger.
Intel creates a new tool to help Stephen Hawking communicate
Eddie Redmayne is learning about much more than the beguiling life of Stephen Hawking, whom he plays in the recently released biopic Theory of Everything.
At Intel Labs here, the Tony-winning actor is on hands and knees to get a better look at a specially tailored communications system for Hawking, who has a motor neuron disease (MND) related to ALS that has worsened over the years, rendering him nearly paralyzed.
World's first computer dates to 205 BCE, earlier than thought
Long considered the world's first computer, the Antikythera Mechanism is now thought to be 100 years older than first determined, researchers said.
The bronze mechanism, discovered in 1901 in a shipwreck off the Greek island of Antikythera, was initially dated to 150 to 100 BCE, but researchers now found that it recorded a solar eclipse that happened on May 12, 205 BCE.
9,300-year-old mummified bison discovered in Siberia
Members of the Yukagir tribe in Siberia discovered a 9,300-year-old frozen bison mummy complete with all its organs and even some fur.
Details of the necropsy of the animal, which was discovered in 2011, were presented recently at the Society of Vertebrate Paleontology's annual meeting in Berlin. The animal, dubbed the Yukagir bison mummy, is a steppe bison or bison priscus, which went extinct after the Ice Age. Never has a steppe bison mummy been found so complete.
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