September 17, 2014 at 11:34 am
Walmart spokesman David Tovar, who attracted some attention on our sibling site Smartertimes for pushing back assertively and imaginatively against the New York Times, is leaving Walmart after a background vetting for a promotion disclosed he did not have a college degree. Bloomberg (here), Bloomberg Businessweek (here), Jim Romenesko (here), and the New York Times (here) all have coverage of the situation.
September 16, 2014 at 10:42 am
Libertarian (or classical liberal) law professor Richard Epstein has two new pieces out: a Forbes column with an update on the case he's working on for investors in Fannie Mae and Freddie Mac suing the government for unlawfully taking away their profits, and an article for the Hoover Institution's Defining Ideas site opining on the drive to get colleges to divest from fossil fuels, and offering an alternative suggestion to reduce pollution.
September 16, 2014 at 10:38 am
September 15, 2014 at 10:50 am
The latest "Conversations With Bill Kristol" is an interview with Paypal founder Peter Thiel. Among the highlights is this passage from Mr. Thiel:
September 12, 2014 at 8:27 am
Before the Burger King-Tim Hortons deal was announced, Warren Buffett called Senator Orrin Hatch of Utah, who would take over as chairman of the Finance Committee if the Republicans take over the Senate, "to gauge Congress's direction on curbing corporate inversions," Bloomberg News reports.
One can't blame Mr. Buffett for wanting to know what tax law Congress will pass before making his investment decisions. It does raise questions about whether that gives him an unfair advantage over other investors who may have a harder time getting a key senator on the phone. And it certainly calls into question his 2012 New York Times op-ed, in which he wrote that investors who turn down opportunities because of taxes exist "only in Grover Norquist's imagination."
September 11, 2014 at 10:43 am
The Federal Housing Administration is pressing banks to make more home mortgage loans to borrowers with lower credit scores, National Mortgage News reports:
September 9, 2014 at 10:50 am
A backlash seems to be brewing against the excesses of occupational licensing.
Abby Schachter reports in a new paper for the Independent Women's Forum:
September 9, 2014 at 10:35 am
Atlanta Hawks owner Bruce Levenson and the reaction to his email about the racial composition of the basketball team's fan base is the subject of my column this week. Please check the column out at the New York Sun (here), Reason (here), and Newsmax (here).
September 8, 2014 at 10:00 am
Senator Schumer is drafting anti-inversion legislation that would reach back all the way to April 17, 1994 — more than 20 years ago — to impose adverse tax consequences on companies that moved their headquarters out of the U.S. Bloomberg News has the story. (Link via Economic Polices for the 21st Century.)
September 4, 2014 at 11:59 am
The former chairman of the House Financial Services Committee, Barney Frank, has an article up at CNBC arguing that Republican control of both houses of Congress would be bad for business. He writes:
There are at least three problems with this argument that I can see.
September 3, 2014 at 2:33 pm
Crain's New York has a profile of the executive director of the New York State Nurses Association, Jill Furillo. The union endorsed Mayor de Blasio and has been fighting against the state's effort to close Long island College Hospital in Brooklyn:
September 3, 2014 at 8:56 am
The Wall Street Journal has a nifty op-ed by an MD JD, Michael Eric David, telling the story of how he fought an incorrect $10,000 charge on a bill for his son's emergency room visit. Hospital "upcoding" — another health care system problem not fixed by ObamaCare.
September 2, 2014 at 10:35 am
The $7 bag of organic pasta and the $5 small ice cream cone.
Thank you, Ben Bernanke and Janet Yellen.
September 2, 2014 at 9:41 am
Labor Day — which, for taxpayers footing the bill for unionized local government workforces, is every day — is the topic of my column this week. Please check it out at the New York Sun (here), Reason (here), and Newsmax (here).
September 2, 2014 at 9:14 am
The State Department is increasing the fee to renounce American citizenship to $2,350 from $450, Forbes reports. That's on top of the exit tax requirement that you pay all capital gains tax you would owe if you sold your assets. The Forbes article reports that, "Apparently, dual citizens in Canada trying to shed their U.S. citizenship have created a backlog at the U.S. consulate in Toronto that stretches into the third week of January 2015." It's not just corporations like Burger King trying to flee America for Canada to lower their tax burdens — it's people, too.
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