Tax avoidance has now been elevated to a fine art. A number of US corporations are currently siting on $1.375 trillion in offshore accounts. That is money that isn't flowing in our economy, creating jobs or helping with the budget shortfall.
The reports are startlingly familiar. Late Thursday, JPMorgan CEO Jamie Dimon announced a surprise $2 billion trading loss and stocks swooned. Diamond insisted, though, that there was no need for a Volcker Rule that would ban big banks from risky trading. Last week, a Reuters …
Mitt Romney’s pitch is that he’s a “businessman” who understands the “real economy,” in contrast to President Obama who Romney says “doesn’t understand how the economy works.” During a presidential debate in November, Romney …
If trouble comes in threes, then right-wing singer Ted Nugent’s recent problems may have begun a week ago, when he entered a plea agreement in the illegal killing of an Alaskan black bear.
I spotted this headline link as I logged onto the Internet this morning, and I almost choked. I guess some Economist decided that we could save some money were we to legalize marijuana. I disagree. I belie …
Richard Parsons, the former chairman of mega-bank Citigroup (who stepped down from his post just a few days ago), said yesterday that the repeal of Glass-Steagall — the Depression-era regulation separating investment and commercial banking — helped precipita …
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