Daily Archives: November 3, 2011

America’s corporate tax obscenity

Posted on November 3, 2011 by admin

A new report about companies’ finances won’t just enrage you — it’ll make you run to the nearest protest BY ANDREW LEONARD In 2010, Verizon reported an annual profit of nearly $12 billion. The statutory federal corporate income tax rate … Continue reading →

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Wall Street Is Shrinking

Posted on November 3, 2011 by admin

Zachary Karabell The sorry saga of Jon Corzine and MF Global is another signal that the diminution of Wall Street is underway, says Zachary Karabell, with shrunken market capitalization and receding profits. As the Occupy Wall Street movement gathers momentum … Continue reading →

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China Trade: Another Chapter in the 2000s Weak Jobs Story

Posted on November 3, 2011 by admin

A friend was commenting on this post from the other day wherein I hypothesized as to why employment growth was so much slower in the 2000s than in earlier decades. He suggested the sharp acceleration in Chinese imports after their … Continue reading →

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China’s 99% — Why China Will Not Surpass the U.S.

Posted on November 3, 2011 by admin

Lyric Hughes Hale Author, ‘What’s Next? Unconventional Wisdom on the Future of the Global Economy’ The received wisdom these days is that the West is in rapid decline, and China is on an upward trajectory that cannot be stopped. Sooner … Continue reading →

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Too Big to Jail

Posted on November 3, 2011 by admin

Robert Scheer Editor, Truthdig.com; Author, ‘The Great American Stickup’ Can we all agree that a $1 billion swindle represents a lot of money, and the fact that Citigroup agreed last week to pay a $285 million fine to settle SEC … Continue reading →

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Exxon Profits Ironically Jump 41% While Our Government Snoozes Away

Posted on November 3, 2011 by admin

Raymond J. Learsy Author, ‘Oil and Finance: The Epic Corruption’ Like many, I was a skeptic the first time I encountered the Occupy movement. I longed to see a populist movement for economic justice, but it was hard to believe … Continue reading →

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