Archive for the ‘WALL STREET’ Category

Apr
2014
2

Sen. Rand Paul Says Caterpillar “Deserves an Award” for Dodging $2.4B in Taxes

Sen. Rand Paul Says Caterpillar
  Testifying before the Senate Permanent Subcommittee on Investigations, representatives of Caterpillar, Inc. answered questions pertaining to a report that suggests the industrial giant has dodged $2.4 billion in taxes over the past decade.  Amazingly, the investigation’s discoveries split the subcommittee along partisan lines....
Mar
2014
18

Top Dems: Holder, DOJ Already Losing Sight of Mortgage Fraud Enforcement

Top Dems: Holder, DOJ Already Losing Sight of Mortgage Fraud Enforcement
  Three Democratic lawmakers have requested to meet with U.S. Attorney General Eric Holder to discuss why the Department of Justice views mortgage fraud as a low-priority according to a new Inspector General report.  Sen. Elizabeth Warren and Reps. Maxine Waters and Elijah Cummings sent a letter to Holder on Monday questioning the lack of ...
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Mar
2014
11

REPORT: Of Discouraging $110B in Corporate Welfare, $88M Goes to Koch Industries

REPORT: Of Discouraging $110B in Corporate Welfare, $88M Goes to Koch Industries
  A new report from Good Jobs First, “Subsidizing the Corporate One Percent,” provides detail on our ‘corporate welfare state’ and the way large corporations benefit from programs being sold to the public as beneficial to American citizens.  In total, state and local governments have handed out $110 billion in corporate...
Feb
2014
28

Uncle Scam: Since 2008, At Least 22% of Fortune 500 Companies Have Had Tax-Free Years

Uncle Scam: Since 2008, At Least 22% of Fortune 500 Companies Have Had Tax-Free Years
  A recent study from Citizens for Tax Justice (CTJ) looked into the corporate taxes paid (or not paid) by Fortune 500 companies over the past five years. The results show a clear trend of tax avoidance that hinders the growth of the U.S. economy.   Looking at 288 profitable Fortune 500 companies, the study ...
Feb
2014
19

Conflict of Interest Rate: PBS Pension Program Funded by Anti-Retirement Billionaire

Conflict of Interest Rate: PBS Pension Program Funded by Anti-Retirement Billionaire
  An investigative article, “The Wolf of Sesame Street” by David Sirota, reveals that the PBS series “Pension Peril” was secretly funded by billionaire power broker John Arnold.  The revelation stirs questions about the objectivity of the PBS news department. “Pension Peril” seems to draw the same conclusions and prescriptions...
Feb
2014
6

Fixing the Broken System of Offshore Tax Havens? Easier Said Than Done.

Fixing the Broken System of Offshore Tax Havens? Easier Said Than Done.
  In politics, the populist message of ending corporate tax havens is easy to garner support for. Actually affecting policy to end the practice? Less easy. President Obama campaigned on closing these types of loopholes but still exist, perhaps as much as ever, and companies still take great advantage of them.  It’s a cycle with ...
Jan
2014
29

S&P Report: Infrastructure Investment Looking Mighty Fine to Financial Institutions

  According to a new report by Standard and Poor’s Rating Service, pension funds, insurance companies and other financial institutions could help reduce the $500 billion annual infrastructure funding gap by the year 2030 by following through on their own investment mix goals.  Infrastructure needs continue to pile-up and private-public...
Jan
2014
15

Documents Reveal Bank of America Employs a Team of 20 Full-Time Social Media Spies

Documents Reveal Bank of America Employs a Team of 20 Full-Time Social Media Spies
  A public records request in the state of Washington shows that Bank of America employs over 20 full-time social media “trolls” in order to monitor the activities of supposed “anarchists” and “Occupy protesters.”  The documents show that the Bank of America works closely with the FBI, state and local police, and...
Jan
2014
3

Brand New Documents, Same Old Story: JPMorgan Obstructed Madoff Investigation

Brand New Documents, Same Old Story: JPMorgan Obstructed Madoff Investigation
  Documents obtained by Newsweek via the website GovernmentAttic.org show that JPMorgan Chase has for years obstructed the federal government’s investigation into the ponzi scheme perpetrated by Bernie Madoff.   Bankers getting off the hook? Romancing the system? You don’t say… A deep look into the documents reveals that the Obama...
Jan
2014
2

The Caymans. Ireland. South Dakota? Our Very Own Domestic Tax Haven Exposed.

The Caymans. Ireland. South Dakota? Our Very Own Domestic Tax Haven Exposed.
  South Dakota has become the “Bermuda of the prairie” as rich American families are renting store fronts in order to take advantage of state laws that effectively allow shielding of wealth from estate taxes…forever.  Zachary Mider’s Bloomberg piece reveals that in the past four years the amount of money administered by...
Nov
2013
20

Sirota: Corporate Giveaways, Not Public Pensions, Cause Financial Stress and Need Reforming

Sirota: Corporate Giveaways, Not Public Pensions, Cause Financial Stress and Need Reforming
  In an op-ed for USA Today, David Sirota gives credit to conservative activists, business groups, and politicians for their attempts to demonize public pensions.  But this well-coordinated attempt to sway public opinion, he writes, should not result in pensions being “reformed.”  For many state and local governments, wasteful spending...
Nov
2013
19

Meet SPN, Your Local Koch-Linked, ALEC-Fueled Cabal of Anti-Worker Wrongdoing

Meet SPN, Your Local Koch-Linked, ALEC-Fueled Cabal of Anti-Worker Wrongdoing
  The Center for Media and Democracy (CMD) has launched a new website hoping to expose those who fund the State Policy Network (SPN), a cabal of Koch-linked think tanks across the country pushing the American Legislative Exchange Council’s model legislations.  Fueled by far right dark money, SPN bills itself as “dedicated solely to...