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TODAY'S HEADLINES, 9/1/14 *** The World Council of Churches has become one of the most high-profile groups so far to endorse divestment from fossil fuels. The Council's Central Committee has endorsed a proposal that will phase out its holdings in all corporations profiting from carbon dioxide emissions. The World Council of Churches represents 300 churches with more than 590 million members in 150 countries. The group 350.org says the vote could mark "the most important commitment" on fossil fuel divestment so far, adding: "It opens the doors for churchgoers around the world to encourage their institutions to live up to their values and divest from companies that are destroying the planet and our future" *** A new report by the Center For Tax Justice has found General Electric made $81 billion in U.S. pretax profits over the past decade but paid just 2.3 percent of its profits in taxes — far lower than the official 35 percent corporate tax rate. Between 2006 and 2011, GE received a tax rebate of $2.7 billion *** More tomorrow

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