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Keyword: corporations

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  • State vs. State Corporate Welfare

    11/19/2010 6:24:22 AM PST · by MichCapCon · 2 replies
    Capitol Confidential ^ | 11/18/2010 | Tom Gantert
    In August, the state of Kentucky announced Mountain Valley Recycling was opening a 215,000-square-foot facility that would generate 360 jobs within two years. That state’s economic development arm was giving a $1 million performance-based tax incentive over a 5-year period through corporate income tax credits and wage assessments. Two months later, that same company brokered a deal with Michigan for a 280,000-square-foot facility that would generate 396 jobs. But Michigan offered a tax-incentive five times that of Kentucky's, paying $5.1 million over seven years. The question of whether the Michigan Economic Development Corporation’s incentives are overly generous has been raised...
  • Corporate CEOs Must Heed Election Results, Too

    11/03/2010 9:10:21 AM PDT · by jazusamo · 11 replies
    National Legal & Policy Center ^ | November 3, 2010 | Peter Flaherty
      The electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political dealing at the expense of ordinary people.Unless Corporate America heeds the election results, it too will risk the wrath of an informed and energized public. Here are CEOs who must pay attention to what happened yesterday:Pfizer CEO Jeffrey Kindler- Not only did Kindler (above) lead the charge of Big Pharma CEOs for ObamaCare, he actually got a multi-million dollar bonus from Pfizer for doing so. This is...
  • David Rosenberg Explains Why Corporations Are Rolling In Dough, And You're Not

    11/02/2010 7:28:49 AM PDT · by blam · 16 replies
    The Business Insider ^ | 11-2-2010 | Joe Weisenthal
    David Rosenberg Explains Why Corporations Are Rolling In Dough, And You're Not Joe Weisenthal Nov. 2, 2010, 9:59 AM David Rosenberg of Gluskin-Sheff explains why corporations are sitting pretty right now, and you're not. WHERE’S THE INCOME? Well, it is concentrated at the corporate level. Here is the story. Companies have no reason to hire or pay their workers more because they are sitting on so much idle capacity. So, cost-cutting and productivity gains manage to propel corporate bottom-line performance, hence acting as a critical antidote to lagging revenue growth. Remember, even at the business level, this has been a...
  • Minnesota a model in disclosure law

    10/12/2010 10:29:28 AM PDT · by WOBBLY BOB · 2 replies · 1+ views
    Mpls Star & Sickle ^ | 10-12-10 | JEREMY HERB
    WASHINGTON - A Minnesota campaign law requiring disclosure of corporate donations is fast becoming a national model in the wake of the U.S. Supreme Court ruling that allows corporations to spend unlimited amounts in elections. Finding their elections awash in secret donations, other states are looking for a way to replicate Minnesota's law, which requires disclosure of funding sources for groups that spend on political advertising for or against a candidate.
  • The Very Useful Idiocy of Christine O’Donnell

    10/03/2010 9:45:24 AM PDT · by americanophile · 64 replies
    NY Slimes ^ | October 2, 2010 | Frank Rich
    ALL it took was some 30,000 Republican primary voters in a tiny state to turn Christine O’Donnell into the brightest all-American media meteor since Balloon Boy. For embattled liberals, not to mention the axis of Comedy Central, “Saturday Night Live” and Bill Maher, she’s been pure comic gold for weeks: a bottomless trove of baldfaced lies, radical views and sheer wackiness. True, other American politicians have dismissed evolution as a myth. Some may even have denied joining a coven. But history will always remember her for taking a fearless stand against masturbation, the one national pastime with more fans than...

    09/16/2010 10:35:37 AM PDT · by AccuracyAcademia · 8 replies
    Accuracy in Academia ^ | September 16, 2010 | Deborah Lambert
    Corporate America to East Coast Elitists: Take a hike! That’s one way to interpret the fact that business recruiters now rank Penn State, Virginia Tech and Purdue among the top 25 schools that produce the most qualified college graduates, according to a Wall Street Journal study. Asked by the Journal to rate majors and schools that “best prepare students to land jobs that are satisfying, well-paid and have growth potential, . . . recruiters made clear they preferred big state schools over elite liberal arts schools, such as the Ivies.” The results showed that while recruiters still hire Ivy League...
  • Huge Debt Levels In “Cash-Rich” Corporate America

    08/06/2010 4:26:35 AM PDT · by blam · 7 replies
    The Daily Reckoning ^ | 8-6-2010 | Rocky Vega
    Huge Debt Levels In “Cash-Rich” Corporate America By Rocky Vega 08/06/10 Alexandria, Virgina — For some time now pundits, and to some extent politicians, have been trumpeting the mountains of cash US corporations have sitting on the sidelines just waiting for ripe opportunity and that, in one fell swoop, could seemingly restore the economy. However, an article this week questions where the cash has actually coming from, and whether it’s as readily deployable as has been suggested. According to MarketWatch: “American companies are not in robust financial shape. Federal Reserve data show that their debts have been rising, not falling....
  • Apology For Toyota?

    07/19/2010 8:16:37 AM PDT · by Shout Bits · 12 replies · 1+ views
    Shout Bits Blog ^ | 07/19/2010 | Shout Bits
    In what is little surprise to anyone who is not a tort lawyer or megalomaniac Senator, government researchers determined that runaway Toyotas were caused by driver errors. While Toyota was quick to say that the matter is not yet settled, Shout Bits is now prepared to state that when an accelerator is pushed to the floor and the brakes are not applied at all, an accident may ensue. That’s right, when the US Government did an independent study of crashed Toyotas, they found that in every instance the gas was to the floor and brake was unapplied. Naturally, all the...
  • Schumer's phony reform

    07/07/2010 3:26:29 AM PDT · by Scanian · 6 replies
    NY Post ^ | July 7, 2010 | BRADLEY A. SMITH
    Sen. Chuck Schumer is pushing hard to limit corporate campaign spending -- and to maximize his own campaign's take from corporations. But that hypocritical chutzpah is entirely fitting when it comes to the so-called DISCLOSE Act -- which is a naked effort to squelch the speech of Americans who might criticize Democrats in this year's campaign season. Democrats are trying to rewrite campaign-finance law to limit corporate (and grass-roots) spending on politics. And Schumer -- who faces no meaningful opposition this fall -- is looking to raise every buck he can from the folks he wants to crack down on....
  • Corporate “Consciousness” – A Fairy Tale And A Scam

    06/19/2010 4:29:22 PM PDT · by TheConservativeCitizen · 4 replies · 151+ views
    The Constitution Club ^ | 06-19-10 | Voice of Reason
    If you’re like me, you might enjoy a cup of Starbucks’ coffee on a regular basis. My brother-in-law tells people that if they’d be interested in assassinating me, they simply need to be on the roof of the building across the street from the neighborhood Starbucks at precisely 7:00 am on any given morning. All jokes aside (I think?), I can’t help but to be “bombarded” by literature on Starbucks’ “Social Responsibility” program each time I visit. This kind of thing, more often referred to as corporate “sustainability” in the business environment, is becoming commonplace in today’s competitive consumer markets....
  • Corporate Bond Devastation Shows The Global Slowdown Is Coming

    05/26/2010 10:08:52 AM PDT · by blam · 16 replies · 683+ views
    The Business Insider ^ | 5-26-2010 | Mike "Mish" Shedlock
    Corporate Bond Devastation Shows The Global Slowdown Is Coming Share Mike "Mish" Shedlock May 26, 2010, 12:05 PM The 30-year long bond is sitting just 3 basis points away from hitting a 3-handle and the yield on 5-year treasuries is 1.94 after hitting 2.60 in April. That is quite a reversal. Yield on the 10-year note is at 3.13% a price last seen a year ago. Meanwhile, Libor Shows Strain, Sales Dwindle, Spreads Soar Corporate bond sales are poised for their worst month in a decade, while relative yields are rising the most since Lehman Brothers Holdings Inc.’s collapse, as...
  • Democrats Decry Corporate Revelations on Obamacare

    04/03/2010 9:45:39 PM PDT · by John Semmens · 10 replies · 565+ views
    A Semi-News/Semi-Satire from AzConservative ^ | 3 April 2010 | John Semmens
    The wave of corporate announcements of the special multimillion dollar charges to their income statements that will be necessary to account for the costs of the newly enacted healthcare legislation has sparked anger among Democrat leaders. Obama Administration Secretary of Commerce Gary Locke called the announcements “unpatriotic.” “Although these kinds of adjustments to company earnings may be required under Securities and Exchange regulations, there’s no need for them to be so public about it,” Locke complained. “If people start to think that the new law is more of a burden than a benefit they may turn against the President. So,...
  • Shut up, he argues: Don't dare whine on O'Care taxes

    03/30/2010 3:25:48 AM PDT · by Scanian · 51 replies · 2,352+ views
    NY Post ^ | March 30, 2010 | Rich Lowry
    Henry Waxman is peeved. He expects corporate America to swallow health-care reform without a peep of protest -- and, apparently, without revealing new costs to shareholders or the Securities and Exchange Commission. Last week, AT&T announced it will take an immediate $1 billion write-down thanks to a new tax in the health bill that will cause Caterpillar ($100 million) and Deere & Co. ($150 million), among other large employers, to do the same. The benefits consultancy Towers Watson estimates that the change may reduce corporate profits by as much as $14 billion over time. That's real money. For comparison: It's...
  • Obamacare: Running the numbers

    03/28/2010 3:31:12 AM PDT · by Scanian · 9 replies · 913+ views
    The American Thinker ^ | March 27, 2010 | John Peeples
    The real cost of health care reform, as recognized by the nation's business community, is just beginning to take shape. Bloomberg Business Week (picked up by Drudge) reports that SEC filings by such companies as AT&T, Caterpillar, AK Steel Holding, and 3M Co., reflect their anticipated costs of compliance with ObamaCare. Keep three things in mind: a.) these write-downs are not reflected in any CBO estimates of the cost of funding health care reform; b.) in order to protect stock prices, these companies have a huge incentive to understate the costs they actually face; and, c.) the true cost of...
  • Congressional Democrats Are Summoning CEO's Who Speak Out Against ObamaCare

    03/27/2010 6:58:25 PM PDT · by ConservativeHideout · 39 replies · 1,285+ views
    The Resistance ^ | 3-27-10 | Steve
    Welcome to the world of "hope" and "change." Congressional Democrats are now lashing out at corporations that have the audacity to point out the massive costs that ObamaCare is going to inflict on them and are now summoning them to testify before Congress. Chairman Henry A. Waxman and Subcommittee Chairman Bart Stupak today announced that the Subcommittee on Oversight and Investigations will hold a hearing on April 21, 2010, regarding claims by Caterpillar, Verizon, and Deere that provisions in the new health care reform law could adversely affect their company's ability to provide health insurance to their employees. These assertions...
  • The Constitution – Bedrock Document or Chameleon

    03/06/2010 10:46:19 AM PST · by Starman417 · 5 replies · 260+ views
    Flopping Aces ^ | 03-06-10 | Donald Bly
    As of late, especially with the question of the constitutionality of government mandated health care that we should look at how the SCOTUS makes its decisions. Constitutional law scholarship is divided into two camps. First, there are the originalists and textualists that believe the text of the Constitution, as it was originally understood, is controlling in most constitutional cases. Second, there are the followers of Supreme Court precedent, who follow the doctrine over the document and believe in a fairly robust theory of stare decisis in constitutional. Stare decisis is the legal principle by which judges are obliged to obey...
  • Investors File a Record 95 Climate Change Resolutions: a 40% Increase Over 2009 Proxy Season

    03/05/2010 7:30:50 AM PST · by Williams · 7 replies · 318+ views
    Record Filings Follow SEC Calls for Stronger Corporate Attention to Climate Change .... BOSTON (March 4, 2010) – Leading U.S. investors today announced that they have filed a record 95 climate change shareholder resolutions with 82 U.S. and Canadian companies that face far-reaching business challenges from climate change. The 40 percent increase in resolutions filed over last year is a first sign of the growing pressure on companies to disclose climate risks and opportunities in the wake of the recent Securities and Exchange Commission’s climate disclosure guidance and other recent policy developments. Companies targeted in the 2010 proxy season include...
  • Daily Show Glenn Beck nonsense, Samantha Bee From the CPAC Future and Gunfloss

    02/23/2010 1:19:44 PM PST · by Tolerance Sucks Rocks · 2 replies · 588+ views
    Kick! ^ | February 23, 2010 | Rack Jite
    Though the Glenn Beck clips are classic examples of the nonsense this nitwit pushes out all day on his radio and TV shows, the interview with Samantha Bee from the CPAC future is the funniest thing I ever did see. Gunfloss... All independent voters should be rounded up, hog tied, have their eyelids stapled open like Alex and forced to watch this 3 minute video. One viewing would be enough for these 40% of the voters to end of all this crazy right-wing crap once and for all.
  • My review of Avatar

    02/20/2010 1:19:42 PM PST · by mainestategop · 71 replies · 1,287+ views
    Last week for the Second time, i got to see Avatar. having been watching the blog sphere lately I have been quite surprised by some of the responses to the movie, Allegations that the movie promotes environmentalism, and liberalism. probably the biggest problem I have heard is that the humans instead of the aliens are the bad guys. A major departure from traditional science fiction orthodoxy that is rare. That, and James Cameron has used his fame to attack and ridicule conservatives and libertarians. my review concentrates on some of the ridiculous remarks made against the movie in the blog...
  • High Court rules for free speech

    01/22/2010 3:17:59 AM PST · by Scanian · 10 replies · 434+ views
    NY Post ^ | January 22, 2010 | ALLISON R. HAYWARD
    The Supreme Court yesterday confronted a fact in constitutional law that has been hard to justify: How is it that the First Amendment protects obscene speech, nude dancing and talk radio -- but permits Congress to shut down independent political messages from corporations and labor unions? Why do those groups get second-class status when politics, rather than, say, simulated child porn, is the topic? In the Citizens United case, Justice Anthony Kennedy, writing for a five-justice majority, couldn't be clearer: The federal ban on such independent expenditures is unconstitutional on its face: "Speech restrictions based on the identity of the...