People, being what they are, inevitably tend toward conflict; nations, being assemblies of people, inevitably tend toward war. John Kennedy’s admonition for mankind to put an end to war before war puts an end to mankind is heeded no more…
Stuy’s Sunday Side: Our Top Five Advice for Recent Graduates
1. Congratulations, graduate, and welcome to a slow, static economy that is about as bad as it has been in about 70 years.Your parents have likely spent an enormous amount of their money and you have spent an enormous amount…
Apple’s Tax Bite Is Cut by Tax Accounting, Not the Tax Code
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…
NY Fed’s Dudley: Expanded Monetary Base was to Transfer Long-Term Risk from Private Sector
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…
Tagged with: Fed Balance Sheet, Federal Reserve, Japan Society, Monetary Policy, Quantity Theory of Money
For the C-Suite, the IRS “Tea Party” Scandal is a Lesson in Bad PR Gone Worse
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,…
Tagged with: 501(c)(4), crisis communications, IRS, Lois Lerner, Obama, Patriot, politics, Public Relations, Redemption, scandal, taxation, Tea Party
We’ve Spent Trillions and Four Years on a “Potemkin Village” 2% “Recovery”. So, What’s Next?
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…
For Manufacturing Data, Boeing’s Big Orders ARE Better – Deceptively So
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,…
Saving Dave Petraeus
In seeking redemption, regret is good; remorse is far better. Tiger Woods’ assertion that “Winning takes care of everything”, currently airing in his ad for Nike, is not just wrong; it will likely ensure that his widely reported private misconduct…
Containing a Potential Cyprus Catastrophe
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,…
“Heads We Win; Tails You Lose”: How Foreign VAT Undercuts American Companies Overseas (and Benefits Foreign Companies Here.)
Most business people who sell overseas and tourists who have traveled to Europe and Asia are at least vaguely familiar…
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