"The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late." Joseph Stiglitz Economist Read more at Harper's.
"It's kind of like the old protection racket. If you have the right sticker, we won't break your knees.'This is beyond the pale to force a small-business person to choose when they want to stay neutral." Jim Haney Outgoing head of Wisconsin Manufacturers & Commerce Detroit's notorious Purple Gang of the 1920s and early 1930s engaged in - among other nefarious things - a protection racket against shopkeepers. According to one account, they got the name Purple Gang because they would threaten to throw purple dye and ruin the laundry of local dry-cleaning stores. You know the phrase from dozens of gangster movies: "Nice little shop ya got here. Be too bad if something happened to it." Purple Gang tactics are being used in Wisconsin. A public employee union local, embroiled in a battle with elected officials of that state, are now dragging in local shopkeepers - sending them letters demanding that they post signs in their windows supporting the unions or face a union boycott. Jim Haney, the outgoing head of Wisconsin Manufacturers & Commerce, a pro-business lobby, said the union effort was appalling. And he said the campaign would backfire.
at 4/12/2011 Posted by Sunny Badger
General Electric's tax department is famous for inventing ways to pay Uncle Sam less. So it should come as no surprise that its CEO, Jeff Immelt, is in the crosshairs as the new chairman of the President's Council on Jobs and Competitiveness. Read 5 Ways GE Plays The Tax Game.
at 4/10/2011 Posted by Sunny Badger