AdminJim
Posted in Accouting, Apple, Earnings, Fortune 500, Inc., Our Blog, Representative Cases, Taxation
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By J.G. Collins Posted: May 29, 2013, 06:30 With all due respect to Senators Levin, McCain, and the others on the Senate Permanent Committee on Investigations, Apple, Inc., is, indeed, avoiding taxes, albeit legally. What the senators seem to overlook…
UPDATED 22 May 09:15 The New York Federal Reserve President made some suprising comments at a talk at the Japan Society. Among other things, he revealed that the Fed balance sheet expanded as a by-product of transferring private long-term risk…
By J.G. Collins – New York May 12, 2013 Anytime grievous organizational wrongdoing is discovered, it must be addressed immediately, forthrightly, and completely by the organization’s principal leader, speaking with one voice, until every aspect of the wrongdoing is discovered,…
AdminJim
Posted in #EconStats, Bernanke, Economics, Federal Reserve, Interest Rates, Our Blog
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The dismal March jobs report, printing at less than half of expectations, raise additional questions about the strength of the current recovery. While its well known the current recovery is weak, its less well-known that this is the weakest…
Yesterday’s Commerce Department headline number led a number of reporters and analysts to conclude that the US Manufacturing Sector was experiencing a solid comeback. An increase of 3%, month-over-month, surely signaled a solid upswing in manufacturing, right? And with that,…
AdminJim
Posted in ECB, Economics, Euro Zone, Germany, IMF, Our Blog, Taxation, Zombie Banks
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If there were awards for creating market instability, the ECB/IMF plan to impose a “tax” on Cypriot depositors – effectively renouncing depositors’ insurance guarantees – would rank second only to the US Treasury decision to let Lehman Brothers go bankrupt,…
Most business people who sell overseas and tourists who have traveled to Europe and Asia are at least vaguely familiar…
AdminJim
Posted in Economics, Federal Reserve, Interest Rates, Interest Rates, Our Blog
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Fed Chairman Ben Bernanke’s testimony Tuesday before the Senate Finance Committee, where he reiterated his view that the Fed needed to continue record-low interest rates, reminded me why doctors are required to swear the…
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