Corporate tax avoidance is first and foremost on the kinds of an increasing number of large American corporations that are picking up their company headquarters and moving overseas. Flush with breaks and loopholes provided by Congress that have enabled them to pay rates far below the advertised U.S. corporate tax, businesses are nonetheless fleeing America’s [...]
` CULTURE CLASH AT UNIVERSITY OF VIRGINIA PORTENDS FUTURE BATTLES AT AMERICAN COLLEGES AND UNIVERSITIES. (Inside Higher-Ed) ` The normally bucolic tranquility of the University of Virginia campus was shattered this week by a shocking turn of events that led to the immediate firing of the institution’s popular president. Students, faculty and alumni engaged in [...]
HOW DOES A CAPITALIST COUNTRY DEAL WITH A CRISIS IN EMPLOYMENT? BY CUTTING UNEMPLOYMENT BENEFITS, OF COURSE. (World Socialist) A political “deal” between the Obama administration and a Republican congress is now coming home to roost as some 200k American workers are slated to be cut off from “extended” unemploymet benefits—half of them in the [...]
As economic instability continues to roil world markets and threaten the marginal sliver of a recovery since the global recession of 2008, the pace of income inequality has quickened as the rich really are getting richer — a lot richer. On both sides of the Atlantic, the gap between prosperity and financial hardship is growing [...]
With its constantly expanding roster of iPod’s, iPhone’s and iPad’s, Apple has become one of the most respected and well-liked brands on the planet. It’s ability to get consumers to splurge on upscale tech devices has made it one of the most profitable, too: Apple has the largest cash reserves of any corporation in the world. But [...]
AFGHAN MASSACRE: CAN YOU SPELL M-Y-L-A-I? (World Socialist) Patrick Martin, reflecting on the rampage of killing by (apparently) one U.S. soldier in Afghanistan, reflects on parallels with My Lai and similar atrocities committed against Vietnamese civilians over 40 years ago. The situations are different on the surface, as the current incident involves, so for [...]
AFRICAN PEOPLE’S SOCIALIST PARTY: ENOUGH ALREADY OF BRITISH COLONIALISM IN THE BAHAMAS. (Uhuru News) “Royal” visit of Prince Harry elicits a call for the end of Bahamas membership in the Commonwealth of Nations and for its treatment by the U.K. as a sovereign co-equal rather than a colored-people’s Queen-worshipping colony. ` LEADERSHIP: THIS PAGE [...]
THE “ONE PERCENT” IS DOING BETTER THAN WE THOUGHT. MUCH BETTER… (Wall Street Journal) Between the rise of “Occupy Wall Street” and a nationwide surge in discussion over income inequality, most Americans are aware that the fabled “one percent” — the very top of the country’s economic food chain — are doing far better than the “99 [...]
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