ProGrowthLiberal in his comments on my last post and in his own post at EconoSpeak highlights the fact that drug-maker AbbVie already makes most of its profits outside the United States, about 87% in fact over 2011-2013 by his calculation. For PGL, then, AbbVie is not the best example of an inversion because the horse […]
Corporate “inversions” are back in the news again, as multinational corporations try every “creative” way they can to get out of paying their fair share of taxes for being located in the United States. With inversions, the idea is to pretend to be a foreign company even though it is physically located and the majority […]
by Maggie Mahar If you think fertilized eggs are people but refugee kids aren’t, you’re going to have to stop pretending your concerns are religious– Syd’s SoapBox News reports have been filled with conflicting theories explaining why tens of thousands of unaccompanied children from Honduras, El Salvador and Guatemala, have been streaming into the U.S. […]
Hat Tip Digsby and Kos Cartoons “Supreme Court Chooses Religion Over Science” In a footnote, Justice Alito concedes that Hobby Lobby’s religious-based assertions are contradicted by science-based federal regulations: “The owners of the companies involved in these cases and others who believe that life begins at conception regard these four methods as causing abortions, but […]
A lot going on with the minimum wage lately, but I will contextualize it first with Thomas Piketty’s analysis in Capital in the Twenty-First Century, pp. 308-313. It’s important to remember that one of the keys to the book’s success is that it is built on a gigantic trove of long-term data. His French wealth […]
Paul Krugman wrote today about Life Without Cars. This subject strikes home for me. I have lived without a car since 2005. I lived 5 of the past 9 years in Chile and used the bus system there. I came back to the United States and have used a combination of walking, a bike and […]
Stay with me here. Because I am almost serious about this proposal. Or at least it highlights the contradictions (while not Heightening the Contradictions). The Border Crisis: tens of thousands of unaccompanied minors crossing the U.S. border. Social Security ‘Crisis’: per ‘Reformers’ one that is driven by pure demography – too few future workers to […]
by Dale Coberly For some time now the Social Security Trustees have been reporting in the “media” using scare tactics like this: “Social Security Going Broke Sooner Than We Thought! Faces [fill in the blank] Trillion Dollar Deficit!” And I have tried to explain that what those numbers mean is that we need to raise […]
by Barkley Rosser at Econospeak The Wannabe Caliphate Openly Declares Itself So I earlier argued here that ISIS(ISIL) or DAEESH was not yet claiming itself to be a caliphate, and that its leader, Abu Bakr al-Baghdadi was only calling himself “al Hakim,” or “Ruling Emir,” even as I recognized that he had turned over this […]