by Linda Beale Much of MNEs’ “offshore” (and hence untaxed) cash hoards held onshore The Wall Street Journal, in its editorial pages a great friend to big business and low taxes for same, had a decent front-page article on the corporate hoard of cash designated as “permanently invested offshore”. In fact, much of that cash […]
James Tilson and Robert E. Prasch follow the money at New Economic Perspectives regarding the AIG bailout and a more accurate sense of costs. “If it’s too good to be true, it probably is.” This old adage came to mind on December 11, 2012 when the U.S. Treasury made the announcement, reiterated unthinkingly by the […]
I will be going today: The United States and China in the 21st Century 2013 Madeleine Korbel Albright Institute for Global Affairs, Wellesley College, MA Former Secretary of State Madeleine Albright ’59 and Former Secretary of the Treasury Henry “Hank” Paulson share the stage to discuss U.S.-China relations and the importance of that relationship to […]
Social Security Data Mining Mrs. Rustbelt, the sweet young lady I married, decided to investigate future benefits from Social Security, even though she is only “39.” I am her designated data entry clerk, so we sit down and establish an account and log-in for her. Near the end of the set-up process the software tells […]
Update: Dealbook at the NYT interviews the producers of ‘The Untouchables’. Yves Smith at Naked Capitalism comments begin: Lanny Breuer, former Covington & Burling partner and more recently head of the criminal division at the Department of Justice, resigned abruptly today. The proximate cause may be a Frontline show that ran two nights ago, part […]
by Linda Beale Do Good Wall Street Days Translate to Good Days for Most Americans? As usual, there was one of those all-knowing snippets in the news last Friday about what the direction in the stock market meant for the economy. Observing high corporate profits and buoyed by the idea that the GOP might not […]
Via Robert Waldmann Richard Thaler at Bloomberg provides a different take on innovators and job creators: A recurring theme of this year’s presidential campaign is the need to encourage the formation of new businesses. Republicans in general, and Mitt Romney in particular, have stressed that the best way to stimulate such startups is via low […]
by Mike Kimel A Question About Apple My wife has been an Apple user for a long time. I on the other hand have tended to avoid purchasing Apple products for myself – I just cannot get around the concept of a single button on a mouse, nor why I should be interested in buying […]
Suitpossum offered a look at the names of the top 100 finance blogs and shared his somewhat quixotic methodology, which seemed on second thought to be the way many readers might look for blogs to read, through networking other names through links to blogrolls or links within posts. Suitpossum stuck to blogrolls for a first […]
by Linda Beale Dell’s Offshored Cash Hoard and Fair Taxes As most people who follow mergers, acquisitions and other mega transactions are likely aware, Michael Dell wants to take the company he founded private in a leveraged buyout. LBOs, of course, use the company’s own assets as collateral for debt to purchase the company–one of […]