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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...
  • PENN STATE 1 – HARVARD 0

    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
    MAINESTATEGOP ^ | 2/20/10 | MAINESTATEGOP
    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...
  • Cursing capitalism: In '09, critics let loose on golden goose

    01/02/2010 3:04:27 AM PST · by Scanian · 5 replies · 455+ views
    NY Post ^ | January 2, 2010 | Jonah Goldberg
    On the last day of 2009, that awful year, I was listening to a report on National Public Radio. Reporter Tamara Keith presented a by now familiar recap of the worst financial and corporate scandals of the decade, from Enron and Martha Stewart to Tyco and Bernie Madoff. It was a depressing slog of greed, venality and theft. When the report was over, "Morning Edition" host Steve Inskeep summarized it with a tart, "the decade in capitalism." I don't want to single out Ins- keep, since he was doing what pretty much the entire media establishment has done, particularly of...
  • The Creative Integrity of William Golden

    10/11/2009 10:17:43 PM PDT · by B-Chan · 356+ views
    cartoonbrew.com ^ | 2009.10.09 | Amid Amidi
    Recently I revisited The Visual Craft of William Golden, a book published in the early-Sixties about the legendary CBS creative director. There is an essay in the book by CBS exec John Cowden that sheds light on Golden’s artistic integrity, and helps to explain why the advertising work created under his guidance remains to this day the strongest body of advertising ever created for a TV network. Golden’s world revolved around graphic design, illustration and advertising, but I find his experiences to be relevant to creative people working in any commercial field, and especially animation. For example, Cowden recounted how...
  • Crawford says Time Warner will sell magazine unit

    09/27/2009 10:47:09 AM PDT · by thecodont · 14 replies · 870+ views
    Reuters ^ | Sat Sep 26, 2009 5:49pm EDT | Reporting by Jessica Wohl, Editing by Sandra Maler
    CHICAGO (Reuters) - Time Warner Inc will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, managing director of its largest shareholder, said during a presentation this week. "Time Warner just spun off their cable division, they are going to sell their print division, they are going to spin off AOL and they're just going to be Warner Brothers, HBO and the Turner Networks," said Crawford, managing director of The Capital Group.
  • Sotomayor Issues Challenge to a Century of Corporate Law- (Corporations Have NO Rights!)

    09/17/2009 8:51:47 PM PDT · by tcrlaf · 4 replies · 995+ views
    WSJ ^ | 9-17-2009 | Jess Braven
    WASHINGTON -- In her maiden Supreme Court appearance last week, Justice Sonia Sotomayor made a provocative comment that probed the foundations of corporate law. During arguments in a campaign-finance case, the court's majority conservatives seemed persuaded that corporations have broad First Amendment rights and that recent precedents upholding limits on corporate political spending should be overruled. But Justice Sotomayor suggested the majority might have it all wrong -- and that instead the court should reconsider the 19th century rulings that first afforded corporations the same rights flesh-and-blood people have. Judges "created corporations as persons, gave birth to corporations as persons,"...
  • Lenin on America part 4: Inflammable material

    08/16/2009 11:50:17 AM PDT · by mainestategop · 5 replies · 792+ views
    Mainestategop ^ | 7/23/1908 | V Lenin
    For the next several days, I will publish letters and Essays by Vladamir Lenin On the United States. Examine Bolshevik views on the US way of life and free market. I hope you all find it very interesting EXCERPT The sharpening of the struggle between the proletariat and the bourgeoisie is to be observed in all the advanced capitalist countries. The tendency is the same everywhere, though it manifests itself differently in accordance with the difference in historical conditions, political systems and forms of the labour movement. In America and Britain, where complete political liberty exists and where the proletariat...
  • A Century-Old Principle: Keep Corporate Money Out of Elections

    08/11/2009 12:35:59 PM PDT · by BGHater · 19 replies · 2,261+ views
    The New York Times ^ | 10 Aug 2009 | ADAM COHEN
    The founders were wary of corporate influence on politics — and their rhetoric sometimes got pretty heated. In an 1816 letter, Thomas Jefferson declared his hope to “crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country.” This skepticism was enshrined in law in the early 20th century when the nation adopted strict rules banning corporations from contributing to political campaigns. Today that ban is in danger from the Supreme Court, which hears arguments next month in a little-noticed...
  • Politics

    06/17/2009 9:23:07 PM PDT · by stolinsky · 169+ views
    www.stolinsky.com ^ | 06-18-09 | stolinsky
    Anger is a risky emotion. It inhibits clear thinking and leads to unwise actions. We would do well to control our anger, and direct it where it belongs – at terrorists, murderers, rapists and child molesters – rather than at those who disagree with us politically.
  • Michelle Antoinette (Obama) and the Don’t-Go-To-The-Mall Administration

    05/01/2009 9:19:27 AM PDT · by lewisglad · 43 replies · 2,021+ views
    Red State.com ^ | Friday, May 1st at 10:19AM EDT | Posted by Dan McLaughlin
    Michelle Obama, February 2008: Obama explains that she and her husband made the choice to give up lucrative jobs in favor of community service. “We left corporate America, which is a lot of what we’re asking young people to do,” she tells the women. “Don’t go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse. Those are the careers that we need, and we’re encouraging our young people to do that. But if you make that choice, as we did, to move out of the money-making industry into the helping industry, then...
  • Campaign Finance, Its Value to Corporations and Its Role in Corporate Communications

    04/30/2009 6:06:22 PM PDT · by Seth_Stuck · 1 replies · 190+ views
    Conservative Brawler ^ | April 30, 2009 | Conservative Brawler
    Like any individual citizen, corporations have a stake in the outcomes of federal elections. A candidate’s economic, foreign, social and environmental policies can either threaten or provide hope for a particular organization. The stakes for corporations aren’t necessarily greater than those of the individual, but they are on a greater scale of complexity and scope. It’s no surprise, then, that corporations have long played a role in influencing the outcome of federal elections. For as long as campaign finance has existed, corporations have been a part of it – pushing the candidates who are best for business to the top....
  • Save Capitalism

    04/22/2009 11:27:58 AM PDT · by Scanian · 2 replies · 275+ views
    IBD ^ | April 21, 2009 | IBD
    The Environment: Wednesday's airwaves, print media, cable news shows and Webosphere will be filled with nonsense about the scourge of capitalism, corporations and humanity. All of it will ignore the real truth. Buried beneath all the badgering and fear-mongering about lavish Western lifestyles is a reality that the stuck-on-green left won't talk about and the average American isn't aware of: The world, especially in developed nations, is a cleaner — and greener — place than it was when the environmental movement began. Every year Steven Hayward, a scholar at the Pacific Research Institute and the American Enterprise Institute, compiles his...
  • Too Big to Fail

    04/14/2009 11:08:06 AM PDT · by Alaphiah123 · 5 replies · 268+ views
    Creating Orwellian Worldview ^ | 4/14/09 | alaphiah
    How did we get into this mess? How did we become the land of the “Government Bank and Auto Industry” take over and the home of the too scared to invest in our own stock markets? You ever heard the term, “Too Big to Fail”? [That and a Congress that soldout the American people are the reasons why!]
  • Global Television for Our Future Global Leader

    02/09/2009 8:32:32 PM PST · by ForGod'sSake · 9 replies · 1,094+ views
    Right Side News ^ | February 9, 2009 | Cliff Kincaid
    Surprise and even shock were among the reactions to my recent column about how elite members of the World Economic Forum (WEF) meeting in Davos, Switzerland, were considering a proposal for a new global television network to usher in a state of "global governance." It sounded authoritarian, even totalitarian, to some. Here are more of the troubling details. The media proposal, which was included in "The Global Agenda 2009" report, is to create "a new global network" with "the capacity to connect the world, bridging cultures and peoples, and telling us who we are and what we mean to each...
  • Obama: 'Sober meeting' with business leaders

    01/29/2009 11:23:19 AM PST · by Sammy67 · 55 replies · 1,802+ views
    THE WASHINGTON TIMES ^ | 1/28/09 | Richard C. Gross
    President Obama held a "very sober meeting" about the economy with 10 of the nation's business leaders at the White House Wednesday as the House debated his proposed $825 billion economic stimulus package. "They understand when it comes to rebuilding our economy, we don't have a moment to spare," Mr. Obama said of the chief executive officers attending the meeting. "They are looking for action from Washington, bold and swift." Mr. Obama characterized them as being "on the frontline of people who are seeing enormous problems in the economy right now" and said the economic difficulties were a reason for...
  • A Very Real New World Order

    01/27/2009 8:41:32 PM PST · by Sammy67 · 40 replies · 1,713+ views
    BorderFireReport ^ | 1/27/09 | Chuck Baldwin
    It is hard to believe, but a majority of Americans (including Christians and conservatives) seem oblivious to the fact that there is a very real, very legitimate New World Order (NWO) unfolding. In the face of overwhelming evidence, most Americans not only seem totally unaware of this reality, they seem unwilling to even remotely entertain the notion. On one hand, it is understandable that so many Americans would be ignorant of the emerging New World Order. After all, the mainstream media refuses to report, or even acknowledge, the NWO. Even "conservative" commentators and talk show hosts such as Rush Limbaugh,...
  • Global Taxes and Global TV Now on the Agenda

    01/27/2009 8:10:10 PM PST · by Sammy67 · 28 replies · 1,045+ views
    FamilySecurityMatters ^ | 1/27/09 | Cliff Kincaid
    President Obama’s pick for Treasury Secretary, Timothy Geithner, is being urged to lay the foundation for “global governance” by considering “international taxation” measures to loot more money from U.S. taxpayers. The recommendation is included in the report, “The Global Agenda 2009,” which is being considered by the World Economic Forum (WEF), meeting in Davos, Switzerland, January 28th - February 1st. The WEF is not an official government group but does include dozens of government, corporate and labor leaders at its annual meetings. Media companies such as News Corporation (parent of Fox News, the Fox Business Network, and the Wall Street...
  • Waxman promises quick action on climate

    01/15/2009 8:54:23 AM PST · by Sammy67 · 139 replies · 4,655+ views
    YahooNews ^ | 1/15/09 | Associated Press Writer H. Josef Heber
    California Rep. Henry Waxman said Thursday the environment and U.S. economy depend on congressional action to confront the threat of climate change. Waxman, chairman of the Energy and Commerce Committee, spoke as he opened Congress' first hearing on climate legislation. A group of 14 corporate
  • Case Could Rewrite Corporate Law in Wisconsin

    01/03/2009 6:07:27 PM PST · by Diana in Wisconsin · 236 replies · 2,281+ views
    Madistan.com ^ | January 3, 2009 | Ryan Foley
    A case before the Wisconsin Supreme Court could have a major impact on the power of corporations and their relationships with unions, banks and vendors. The court will decide whether owners can make business decisions for their personal benefit at the expense of creditors, workers and the corporations themselves or whether they have obligations to those interests. Oral arguments are set for Jan. 7. The case involves the former owners of a company in Lancaster, Wis., about 80 miles west of Madison, that manufactures components for stereo speakers. The company, then known as Communications Products Corp., defaulted on loans in...
  • Tax holiday bill picks up steam

    12/14/2008 8:47:08 PM PST · by Sammy67 · 30 replies · 1,333+ views
    WorldNetDaily ^ | 12/14/08
    No other stimulus provision will be as immediate and as effective,' says small business lobby Posted: December 14, 2008 10:51 pm Eastern © 2008 WorldNetDaily WASHINGTON – Big business bailouts and "economic stimulus packages" are all the rage in the Capitol these days. Most involve massive transfers of wealth from taxpayers to government-directed projects. But a new and very different bill, proposed by a heretofore little-known congressman from Texas, is gaining traction from Republicans – and even a few Democrats, according to the sponsor. It's called "the tax-holiday plan." And one version of it picked up support from the National...
  • Google washes search results

    12/14/2008 6:11:18 AM PST · by slnk_rules · 98 replies · 4,837+ views
    The Register ^ | 012/14/2008 | andrew orlowski
    Google this week admitted that its staff will pick and choose what appears in its search results. It's a historic statement - and nobody has yet grasped its significance. Not so very long ago, Google disclaimed responsibility for its search results by explaining that these were chosen by a computer algorithm. The disclaimer lives on at Google News, where we are assured that: The selection and placement of stories on this page were determined automatically by a computer program. A few years ago, Google's apparently unimpeachable objectivity got some people very excited, and technology utopians began to herald Google as...
  • Democrats Target 401k and IRA Retirement Accounts

    11/12/2008 7:56:41 PM PST · by Sammy67 · 48 replies · 2,649+ views
    RightSideNews ^ | 11/10/08 | Karen McMahan
    Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers' personal retirement accounts - including 401(k)s and IRAs - and convert them to accounts managed by the Social Security Administration. Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly. The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House...
  • Conservative-leaning Corporations?

    09/27/2008 3:58:18 AM PDT · by Vozda · 76+ views
    Gonna need a little help from the freepers. This one can be voted on multiple times.
  • Democrats Offer Lesson in Misleading on Taxes: Kevin Hassett

    08/18/2008 8:51:46 AM PDT · by Maelstorm · 10 replies · 139+ views
    http://bloombrg.com ^ | Aug. 18 | by Kevin Hassett
    The problem was the first chart in the report. It showed that 60 percent to 70 percent of companies in the U.S. pay no taxes. That led to an Associated Press story with the startling headline, ``Most Companies in U.S. Avoid Federal Income Taxes,'' and to a frenzy of business bashing by leading Democrats. Byron Dorgan, the Democratic senator from North Dakota, said in a statement, ``It's shameful that so many corporations make big profits and pay nothing to support our country.'' House Speaker Nancy Pelosi piled on, arguing that the data revealed a fundamental unfairness in the U.S. system,...
  • Loophole lets corporations fund political conventions

    06/04/2008 12:13:48 PM PDT · by NormsRevenge · 3 replies · 85+ views
    AP on Yahoo ^ | 6/4/08 | Jim Drinkard - ap
    WASHINGTON - Five years ago this week, a federal election regulator predicted that corporate sponsorship of political conventions would eventually be as common as it is for football bowl games. "I look forward to the day, by 2008, when Americans can turn on their TVs and watch the Nokia Democratic Convention, or the AT&T Republican National Convention," joked Bradley Smith, then a Republican member of the Federal Election Commission. That day has pretty much arrived. The Democratic and Republican conclaves this summer in Denver and St. Paul, Minn., will be financed overwhelmingly by private money from some of the nation's...
  • NYS: Headquarters Hunt

    04/22/2008 6:32:11 AM PDT · by OESY · 23 replies · 52+ views
    New York Sun ^ | April 22, 2008 | Editorial
    The latest number of Fortune magazine brings the news that more Fortune 500 companies — the largest American firms ranked by revenues — are now headquartered in Texas than in New York. An Associated Press dispatch datelined Dallas summed it up this way: "The Lone Star State passed New York as home to the most big companies in the latest list compiled by Fortune magazine. Texas now boasts 58 headquarters, three more than New York, the previous No. 1." The wire, not generally known as a font of supply-side economics, went on to report, "Business experts say it's a matter...
  • The Secret Side of David Axelrod

    03/30/2008 1:09:20 PM PDT · by JavaJumpy · 3 replies · 434+ views
    BusinessWeek ^ | March 14, 2008 | Howard Wolinsky
    The master of "astroturfing" has a second firm that shapes public opinion for corporations. David Axelrod has long been known for his political magic. Through his AKP&D Message and Media consultancy, the campaign veteran has advised a succession of Democratic candidates since 1985, and he's now chief strategist for Senator Barack Obama's bid for President. But on the down low, Axelrod moonlights in the private sector.
  • Companies Are Piling Up Cash

    03/04/2008 1:57:12 AM PST · by TigerLikesRooster · 16 replies · 112+ views
    NYT ^ | 03/04/08 | DIANA B. HENRIQUES
    Companies Are Piling Up Cash By DIANA B. HENRIQUES At least someone knows how to fill a piggy bank. Unlike most American consumers, whose failure to save has exasperated economists for years, the typical American corporation has increased its savings so sharply that it probably has enough cash on hand to completely pay off its debts. That should be good news in an economy unsettled by rising energy prices, tightening credit, gyrating stock prices and declining values for the dollar and the family homestead. Indeed, the Federal Reserve chairman, Ben S. Bernanke, cited strong corporate balance sheets as a bright...
  • Taxes or Tolls on the TTC

    02/25/2008 5:18:30 PM PST · by Tolerance Sucks Rocks · 6 replies · 281+ views
    Gather.com ^ | February 25, 2008 | Col. George W.
    One major concern I discussed a few weeks ago regarding the Trans Texas Corridor is where the land will come from. Another concern is where the money will come from. Official government websites for the TTC assure that public-private partnerships will shield the taxpayer from bearing too much of the cost burden, but a careful reading shows the door is definitely open to public funding sources, while at the same time there is no doubt of the intention to charge tolls on the road. Taxpayers already pay for their transportation system through hefty gasoline taxes, vehicle registration fees, and other...
  • Will Corporations Get The Next Bailout?

    02/19/2008 7:07:22 AM PST · by jdm · 9 replies · 243+ views
    Captain's Quarters ^ | Feb. 19, 2008 | by Ed Morrissey
    After the subprime crisis erupted and began taking a large toll on the entire credit market, the American government rushed to rescue those hardest hit. Stimulus packages and bailouts ensued, attempting to limit both the economic and political damage. Now another crisis might soon arrive, and Washington might find it more difficult to address: U.S. and European banks, already reeling from persistent losses on mortgage investments, are facing a new hit as the global financial crisis spreads to deteriorating corporate debt. UBS AG and Credit Suisse Group last week announced the write-down of a combined $400 million in the value...
  • Hundreds in Nacogdoches speak out against TTC-69

    02/15/2008 4:53:51 PM PST · by Tolerance Sucks Rocks · 12 replies · 975+ views
    Lufkin Daily News ^ | February 15, 2008 | Matthew Stoff (The Daily Sentinel)
    NACOGDOCHES — The rows of extra chairs brought into the The Fredonia's biggest meeting room Thursday night were not enough to accommodate more than 750 people who attended an open house and public hearing on the proposed TTC-69 highway. Texas Department of Transportation officials heard hours of public testimony that continued late into the night overwhelmingly opposed to the construction of new roadways through East Texas. Applause throughout the hours-long meeting never swelled as loudly as it did when the first speaker of the night, state Rep. Wayne Christian, told TxDOT representatives emphatically that "our answer is 'no' on the...
  • Valley leg of I-69 a big maybe

    02/05/2008 1:12:56 PM PST · by Tolerance Sucks Rocks · 17 replies · 267+ views
    Brownsville Herald ^ | February 4, 2008 | Kevin Sieff
    A so-called “NAFTA Superhighway” earned support from the city’s mayor and discussion among residents Monday during a public hearing on the Texas Department of Transportation’s I-69 project. TxDOT held a public hearing at the Brownsville Events Center Monday to explain the progress of the Trans-Texas Corridor, a future segment of Highway I-69, which will link the U.S.-Mexico border to the U.S.-Canada border. After a short presentation, the floor was open for comments. Among the local politicians, college students and retirees at the hearing there was a wide range of opinion on the project. According to Mario Jorge, district engineer for...